OnPoint Retail

The information contained in this marketing brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Commercial Integrity, NW and should not be made available to any other persons or entities without written consent of Commercial Integrity, NW. The information contained herein has been prepared to provide summary, unverified financial and physical information to prospective purchasers to establish a preliminary level of interest in the Subject Property. THE INFORMATION CONTAINED HEREIN SHALL NOT BE A SUBSTITUTE FOR

A THOROUGH DUE DILIGENCE INVESTIGATION.

Commercial Integrity, NW has not made any investigation, and makes no warranty or representation with respect to the income or expense for the Subject Property, the future projected financial performance of the Subject Property, the size or square footage and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plan or intentions to continue to occupy the Subject Property. The information contained herein has been obtained from sources we believe to be reliable; however, Commercial Integrity, NW has not verified and will not verify, any of the information contained herein, nor has Commercial Integrity, NW conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential purchasers must take appropriate measures to verify all of the information set forth herein.

7 YRS REMAIN ON NNN LEASE WITH ONPOINT COMMUNITY CREDIT UNION

$2,966,000 | 5.50% CAP RATE

5262 N LOMBARD | PORTLAND. OR THE SYNOPSIS

5262 NORTH LOMBARD STREET, PORTLAND OREGON

Ease Of Access

Just 3.2 Miles to St John’s Bridge and 4.8 to Fremont Bridge giving easy access to Hwy 405 and Hwy 30.

Suburban Feel In An Urban Environment

Located on N Lombard, a large arterial connecting inner SE and Downtown Portland to the Beautiful St. Johns area. St. John’s offers City Dwellers a dense suburban feel in the city, dubbed 'a city within the city' and 'extremely friendly' by Portland Neighborhood Guide.

Investment Grade Tenant In Place

7 years left on OnPoint Community Credit Union NNN Lease.

University Park Neighborhood

Located in the University Park Neighborhood it’s a prime place to live in Portland, with rich green spaces, and a convenient business strip with a mix of historical and modern businesses and services.

Higher Education

The 2022 Enrollment rate for University of Portland was 3,731. The establishment is just 0.6 miles from the subject property and is rated the #1 Private University in Oregon for Value, according to Kiplinger’s Personal Finance, #1 Regional Universities West and listed on the ‘Best Colleges’ U.S. News & World Report for 2022-2023.

Ample Parking On Thoroughfare

Two-Tenant Retail Building with 23+ surface spaces in dedicated lot. Ample Parking on North Portland thoroughfare, N Lombard. is a luxury few businesses enjoy in this dense community area.

Highly Visible Signage

Great visibility and signage alongside N Lombard with direct exposure to 8,849+ VPD.

VISIBILITY + SIGNAGE WITH EXPOSURE TO 8,849+ VPD

ALONG NORTH LOMBARD ST

Real Estate Taxes

In addition to base rent, Tenant shall pay 100% of all real property taxes and assessments levied, assessed or imposed during the Term upon the Property.

Insurance

In addition to base rent, Tenant shall pay 100% of all costs of insurance required by Landlord. Tenant shall procure and maintain Fire and Public Liability Insurance.

Utilities

Tenant is solely responsible for provision and payment of all water and sewer facilities, gas and electrical services including heat and light, garbage collection, recycling, all other facilities and utility services used by Tenant.

Tenant R&M

Tenant is solely responsible for provision and payment of all repairs and replacement including structural and non-structural, ordinary and extraordinary, necessary to maintain the building.

PROPERTY

5262 N Lombard St

Portland, OR

Tenant OnPoint CCU Lease

1/1/20-12/31/30

LEASED AREA

4,069 SF Exclusive Use For Bank Estoppel Certificate

30 Days

Expense CAP Administrative charge not to exceed 10% of operating expenses & direct admin costs.

$133,389 Annual Base Rent

2022 RANKING

FOR THE 15TH CONSECUTIVE YEAR , ONPOINT COMMUNITY CREDIT UNION HAS BEEN NAMED AS ONE OF OREGON’S MOST ADMIRED COMPANIES IN THE PORTLAND BUSINESS JOURNAL’S ANNUAL SURVEY OF TOP EXECUTIVES IN THE REGION. ONPOINT RANKED SECOND IN THE FINANCIAL SERVICES CATEGORY AMONG CREDIT UNIONS, BANKS AND WEALTH MANAGEMENT FIRMS THROUGHOUT OREGON.

AVERAGE VISITS*

ANNUAL: 287,964

MONTHLY: 23,997

WEEKLY: 5,537

DAILY: 791

ONPOINT

NEARLY 90 YEARS SINCE A HANDFUL OF SCHOOLTEACHERS JOINED TOGETHER TO FORM OUR CREDIT UNION. THEY DIDN’T DO IT FOR PROFIT. THEY DID IT TO HELP ONE ANOTHER. AFTER ALL, THAT’S WHAT COMMUNITY IS ALL ABOUT. ONPOINT HAS BEEN IMPROVING THE LIVES OF OUR MEMBERS AND THE COMMUNITIES WE SERVE—INCLUDING PORTLAND, VANCOUVER, EUGENE AND BEND—FOR 90 YEARS. IN THAT TIME, WE'VE GROWN TO BE THE LARGEST MEMBER-OWNED FINANCIAL INSTITUTION HEADQUARTERED IN OREGON WITH MORE THAN 500,000 LOYAL MEMBERS

VALUATION

5262 N LOMBARD | PORTLAND. OR THE NUMBERS

*Square footage for Tenant spaces based on information provided

68,704

30,034

3,731

1/2 MILE FROM UNIVERSITY OF PORTLAND, THIS SUBJECT

PROPERTY SERVICES DENSLY POPULATED ST. JOHN'S NEIGHBORHOOD WITH 30,034 RESIDENTS

NORTH PORTLAND DISTRICT POPULATION:

ST. JOHN'S NEIGHBORHOOD POPULATION:

UNIVERSITY OF PORTLAND STUDENT POPULATION:

5,090

5262 N LOMBARD | PORTLAND. OR THE DETAILS

SF BUILDING | 14,556 SF LAND

• 23 Space Parking Lot (4.6/1,000 sft)

8,849+VPDNLOMBARD

5.7 MILES TO DOWNTOWN PORTLAND

9 MILES TO PDX PORTLAND INTERNATIONAL AIRPORT

2.3MILESTOI-5

5

DEMOGRAPHICS

8,849+ VPD N LOMBARD ST

2,313+ VPD N PORTSMOUTH AVE

ANNUAL FOOT TRAFFIC: 915,579 AREA VISITS

HOURLY FOOT TRAFFIC: 4 PM PEAK

DAILY FOOT TRAFFIC: FRIDAY PEAK

WALKSCORE: 82 (VERY WALKABLE)

BIKESCORE: 99 (BIKER'S PARADISE)

TRANSITSCORE: 43 (SOME TRANSIT)

AIRPORT: 21 MIN DRIVE TO PDX

PORTLAND INTERNATIONAL AIRPORT

PORTLAND IS OREGON’S LARGEST CITY AND THE SECOND-LARGEST CITY IN THE PACIFIC NORTHWEST. THE CITY SITS ON THE BANKS OF THE COLUMBIA AND WILLAMETTE RIVERS, IN THE SHADOW OF SNOW-CAPPED MOUNT HOOD. IT’S INDUSTRY STRENGTHS ENCOMPASS ATHLETIC & OUTDOOR, TECHNOLOGY, MANUFACTURING, AND GREEN CITY SERVICES AND TECHNOLOGIES. IT'S REMARKABLE TRANSPORTATION OPTIONS INCLUDE THE NATIONALLY RANKED PDX AIRPORT, LIGHT RAIL, AND BIKE/WALK ALTERNATIVES. THE REGION’S AIRPORTS, MARINE PROPERTIES, AND BUSINESS PARKS ARE INTEGRAL TO THE AREA’S ECONOMY. THE CITY ATTRACTS BOTH BUSINESSES AND YOUNG, WELLEDUCATED TALENT DRAWN BY PORTLAND’S GREEN SPACES, ECO-FRIENDLINESS, MICROBREWERIES AND COFFEEHOUSES, CULTURAL AMENITIES, YEAR-ROUND RECREATIONAL ACCESS, AND OPPORTUNITIES FOR GROWTH. WITH PROJECTIONS FOR EMPLOYED POPULATION AND MEDIAN HOUSEHOLD INCOME GROWTH BEING 1.64% AND 3.03% RESPECTIVELY, THE CITY OF ROSES RANKED NUMBER 17 ON FORBES’ LIST OF AMERICA’S FASTEST-GROWING CITIES IN 2018. THE PORTLAND METRO NOW REPRESENTS MORE THAN ONE-HALF OF OREGON’S POPULATION. STEADY BOOMING GROWTH IN RECENT YEARS HAS ALLOWED FOR A SIGNIFICANT UPTICK OF CONSTRUCTION, BOTH COMMERCIAL AND RESIDENTIAL, WITHIN MULTNOMAH COUNTY. PORTLAND IS THE 25TH LARGEST CITY NATIONWIDE.

NORTH PORTLAND IS ONE OF THE SIX SEXTANTS OF PORTLAND, OREGON. NORTH PORTLAND IS A DIVERSE MIXTURE OF RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL AREAS. IT INCLUDES THE PORTLAND INTERNATIONAL RACEWAY, THE UNIVERSITY OF PORTLAND, AND MASSIVE CARGO FACILITIES OF THE PORT OF PORTLAND. NICKNAMES FOR IT INCLUDE "NOPO" AND "THE FIFTH QUADRANT". NORTH PORTLAND IS CONNECTED TO THE INDUSTRIAL AREA OF NORTHWEST PORTLAND BY THE ST. JOHNS BRIDGE, A 2,067 FT (630.0 M) LONG SUSPENSION BRIDGE COMPLETED IN 1931 AND EXTENSIVELY REHABILITATED IN 2003–2005.

St. John's Bridge

Mural in NE Portland

Image: wikimedia.org

Image: en.wikipedia.org

White Stag Sign

Image: wikimedia.org