BLAINE CENTER SHOPPING CENTER IN THE PACIFIC NORTHWEST LEAD ADVISOR JUSTIN POOR Principal Advisor 503.218.4380 justin.poor@cinw.com OR 200705229 | WA 109251 BRAD MACOMBER Senior Advisor 503.218.4380 brad.macomber@cinw.com OR 200908061 | WA 95748 ERIK FORDYCE Director of Investments 503.218.4380 erik.fordyce@cinw.com OR 201251735
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.
LEGAL DISCLAIMER
THE TEAM
THE SYNOPSIS
THE NUMBERS
THE DETAILS
ADVISOR OPINION OF VALUE
5
16 CINW MARKETING 17 WEEKLY MARKETING ACTIVITY 18
19 MARKET SNAPSHOT 20 ASSET 1 SYNOPSIS 21 AREA ASSETS: BLAINE WA 22 PROPERTY PHOTOS 23 PROPERTY PHOTOS 25
26 RENT ROLL: BLAINE CENTER 27 INCOME/EXPENSE: BLAINE CENTER 29
30 INDUSTRY OVERVIEW: SHOPPING CENTERS 31 PACIFIC NORTHWEST MARKET OVERVIEW 32 MARKET DRIVERS 35
36 TENANT PROFILE: COSTCUTTER 37 TENANT PROFILE: ACE HARDWARE 38 TENANT PROFILE: DOLLAR TREE 39 SHOPPING CENTER OVERVIEW 40 TRADE AREA 41 DEMOGRAPHICS
COMMERCIAL INTEGRITY STANDS ALONE IN OUR RETAIL INVESTMENT SALES EXPERIENCE. SINCE INCEPTION THE TEAM HAS TRANSACTED NEARLY $1B IN RETAIL ASSETS
COMMERCIAL INTEGRITY NW | PORTLAND, OR
THE TEAM
THE TEAM
BRAD MACOMBER Director of Leasing
JESSA SMITH Marketing
CHRISTINE MORREIRA Operations
ERIK FORDYCE Director of Investments
JUSTIN POOR Principal Advisor
RICHARD RAMER A.I.A Senior Advisor
ADVISOR BIO'S JUSTIN POOR
PRINCIPAL ADVISOR OR200705229 | WA109251
503.218.4380 | justin.poor@cinw.com
Founder of Commercial Integrity, top performer in the PNW market and Nationwide, awarded with multiple National Achievements. Brokering nearly $1B in top-tier transactions.
RICHARD RAMER A.I.A
SENIOR ADVISOR OR201235528 | CA02053543
503.218.4380 | richard.ramer@cinw.com
Licensed architect for 30+ yrs. His extensive knowledge + experience in architecture, zoning, building codes, + design lend an unmatched skill in the evaluation of property transactions.
BRAD MACOMBER
SENIOR ADVISOR | DIRECTOR OF LEASING OR200908061 | WA95748
503.218.4380 | brad.macomber@cinw.com
Brad has 10+ yrs of Commercial Sales + Leasing experience. He has brokered millions of dollars in Commercial Real Estate sales. Brad has represented both Landlords + Tenants in hundreds of Leases.
ERIK FORDYCE
DIRECTOR OF INVESTMENTS OR201251735
503.218.4380 | erik.fordyce@cinw.com
Erik has 15+ yrs of broad experience across investment and corporate finance industries. With extensive work in structuring business and real estate acquisition transactions, he is an integral part of our finance and investor relations.
SALES EXPERIENCE
OUR NUMBERS SPEAK FOR THEMSELVES
OVER OUR TENURE, OUR TEAM SHOWS AN IMPRESSIVE TRACK RECORD CLOSING TRANSACTIONS WITHIN 98.1% OF OUR RECOMMENDED PRICING.
8 BLAINE CENTER
THE APPROACH
OUR INTENT
Commercial Integrity NW was founded on the principal in its name. In a transactional world, the strength and simplicity in integrity is often overlooked. CINW strives to combine true integrity with over twenty-plus years of unmatched sales and advisory experience while prioritizing the responsibility to do right.
ADVISORY SERVICE
A Dynamic Approach to Uncovering Latent Value. Design Strategies to Achieve Both Your Short-Term and Long-Term Goals. Advisory Services Including: Lease Renewals, Market Analysis and our Intelligent Pricing Model.
INVESTMENT SALES + LEASING
Single Tenant/Multi-Tenant/Mixed-Use Retail Assets. First Time and Seasoned Investors. Private and Institutional Clients.Northwest Focused with a National Reach.
SYNERGISTIC PERSPECTIVE
Our Investment Advisory Team Works Collaboratively on your Behalf. We Utilize our Synergies to Expose and Activate Untapped Value. Our Innovative Process Captures Value Today and Solidifies it for Tomorrow.
NOTABLE SALES
VANCOUVER MARKET CENTER
5000 E 4TH PLAIN BLVD, VANCOUVER, WA 98661
BUILDING(S) SF: 117,087
LAND SF: 505,732
PRICE : $17,000,000
ASSET TYPE: SHOPPING CENTER
GREEN VALLEY STATION
3000 & 3020 GREEN VALLEY ROAD, CAMERON PARK, CA 95682
BUILDING SF: 45,310
LAND SF: 188,178
PRICE: $15,100,000
DESCRIPTION: SHOPPING CENTER
RIVERSTONE
3425 SE 192ND AVE, VANCOUVER, WA 98683
BUILDING SF: 96,129
LAND SF: 370,260
PRICE : $27,977,000
ASSET TYPE: SHOPPING CENTER
KING CITY PLAZA
15525 SW 116TH AVE, KING CITY, OR 97224
BUILDING SF: 62,676
LAND SF : 245,243
PRICE: $15,686,000
DESCRIPTION: SHOPPING CENTER
BLAINE CENTER
10
NEARLY $1B BROKERED SINCE INCEPTION
CLOVIS CENTER (WALMART ANCHORED)
1810, 1820 & 1840 SHAW AVENUE, CLOVIS, CA 93611
BUILDING(S) SF: 21,879
LAND SF: 134,483
PRICE : $4,350,000
ASSET TYPE: SHOPPING CENTER
MOUNTAIN VIEW VILLAGE
14415 SE MILL PLAIN BLVD, VANCOUVER, WA 98684
BUILDING(S) SF: 36,005
LAND SF: 150,718
PRICE : $7,550,000
ASSET TYPE: SHOPPING CENTER
SHOPS AT MILL CREEK (IN ESCROW)
1214 & 1218 SW SCOTTON WAY, BATTLEGROUND, WA
BUILDING(S) SF: 16,408
LAND SF: 72,942
PRICE : $7,950,000
ASSET TYPE: SHOPPING CENTER
EAST BURNSIDE PLAZA (QFC)
5512-5544 E BURNSIDE ST, PORTLAND, OR 97215
BUILDING(S) SF: 30,284
LAND SF: 92,521
PRICE : $8,643,000
ASSET TYPE: SHOPPING CENTER
BLAINE CENTER 11
NOTABLE SALES
THE FORMULA INDENTIFY
Our "Select Buyer List" includes 25K+ active Investors and Owner/Users in the Western Region of the US. Our Buyer list is growing on a weekly basis and is the result of building lasting and successful relationships across the country for over a decade.
TRACK
CONNECT
When we represent a new asset in the market place, our team prides itself on taking a proactive approach with this specific group of Investors. Whether it is a personal phone call or reaching them through our various marketing efforts - its these connections that make the difference.
Our Research Team is constantly following the market and stays current on all investment transactions completed on the West Coast and throughout the country. We specifically target scores of new Investors on a daily basis who have just completed a sale or who are actively looking to purchase investment assets.
CLOSE
Our Expert Team of Advisors have brokered $200M+ in Commercial Real Estate Transactions Since 2019.
CLIENT PORTALS
ESCROW + DUE DILIGENCE
BOUTIQUE CUSTOMER EXPERIENCE WITH PRIVATE CLIENT PORTALS TO STAY CONNECTED THROUGHOUT THE CLOSING PROCESS. EASY TO FOLLOW ESCROW TIMELINE, SECURE
DUE DILIGENCE LINKS, WEEKLY MARKETING REPORTS, AND DIRECT CONTACT WITH YOUR ADVISOR TAKE THE GUESS WORK OUT OF BUYING OR SELLING YOUR INVESTMENT.
BLAINE CENTER 13
MARKETING MATERIALS THAT HIGHLIGHT YOUR ASSET: OFFERING MEMORANDUM'S
DEDICATED LISTING PAGE
CUSTOMIZED, FULLY BRANDED, OMNI-CHANNEL MARKETING PACKAGE TO PRESENT YOUR ASSET TO THE CURRENT MARKET OF TECH-SAVVY INVESTORS.
PROPERTY FLYERS EMAIL CAMPAIGNS SOCIAL MEDIA CONTENT
LISTING EXPOSURE PRINT + DIGITAL EXPOSURE DIRECT EMAIL EXPOSURE
COMMERCIAL INTEGRITY NW’S DIRECT INVESTOR EXPOSURE
CI HAS TAKEN AN AGGRESSIVE AND MODERN APPROACH TO ACCESSING NEW INVESTORS. IN 2022 WE ESTABLISHED PARTNERSHIPS WITH CUTTING EDGE COMPANIES TO SPECIFICALLY ENHANCE OUR CLIENTS REACH. OUR NEW PLATFORM PROVIDES OUR CLIENTS WITH ACCESS TO THE LARGEST POOL OF WEST COAST INVESTORS.
SEATTLE | TACOMA
PORTLAND | VANCOUVER
BOISE
LOS ANGELES CINW MARKETING 16 BLAINE CENTER
SAN
FRANCISCO | SAN JOSE
ALBANESE PORTFOLIO BLAINE WA | SANDY OR
2-4 1-2
• Professional/ Aerial Photography
• Produce marketing material, including property flyer, OM, digital marketing materials for on-line promotion, and signage
• Client review and approval of marketing material
• Refine the active buyer dream list
• The most active buyers in the market targeted for your specific asset
• Personal contact via phone calls, emails or in person with targeted list
• Associate data analyst identifying new to market prospects ongoing
• Present opportunity to marketplace through media channels including: CINW website, CoStar, LoopNet, Crexi, Real Capitol Markets
• Execute marketing email campaigns to most active buyers locally, regionally, and West Coast
• Social Media campaign on market relevant social media platforms: LinkedIn, Facebook, Twitter, Instagram
• Personally contact Investor, Exchange Accomodaters, Exchange Clients, & Brokers with external marketing pieces
• Update Marketing Materials as needed
5-8
• Vet potential investors as Confidentiality Agreements are executed
• Press Release
• Marketing Report to Ownership
• Update marketing material as needed
• Ongoing walkthroughs at the property
• Negotiate Offers
• Update marketing material as needed
ONGOING
WEEKLY MARKETING ACTIVITY BLAINE CENTER 17
THE SYNOPSIS
NOI $671,446.54 | 7.50% CAP
BLAINE CENTER | BELLINGHAM WA MSA
THE MARKET IS CHANGING
INTEREST RATE ENVIRONMENT IS VOLATILE AND WILL REMAIN ELEVATED FOR THE FORESEEABLE FUTURE
3.53%
10YR TREASURY MARKET SNAPSHOTS
BLAINE CENTER 19
MARKET SNAPSHOT
20 BLAINE CENTER $10,925,500 7.50% CAP ASSET 1 SYNOPSIS 1733 H ST. BLAINE, WA 98230 Building SF Value Land SF Land AC Use Tenancy Zoning Parking
130,448 SF $10,925,500 524,519 SF 12.04 AC Retail Center Multi MA 3.41/1000 SF
BLAINE CENTER
BLAINE WA ASSET
1733 H ST. BLAINE, WA
LIST: $9,592,000
BLDG: 130,448 SF
LAND: 12.04 AC
NOI: $671,446.54
CAP: 7%
BLDG: $73 PSF
LAND: $18 PSF
BLAINE CENTER 21 AREA
ASSETS: BLAINE WA
22 BLAINE CENTER PROPERTY PHOTOS
BLAINE CENTER 23 PROPERTY PHOTOS
PACIFIC NORTHWEST RETAIL MARKET'S CURRENT FORECASTS HIGHLIGHT THE NEED FOR AN EFFICIENT PRICING AND MARKETING STRATEGY
THE NUMBERS
VALUATION
BLAINE CENTER | BELLINGHAM WA MSA
RENT ROLL: BLAINE CENTER TENANT INFO SQUARE FEET CURRENT RENT Tenant SUITE # Lease SF NNN % Monthly Rent Annualized Rent PSF The Markets, LLC dba Cost Cutters 100 4/25/90 - 11/30/25 43550 33.38% $38,106.25 $457,275.00 $10.50 WSP Northwest LLC 200 7/25/21 - 1/31/28 3566 2.73% $2,971.67 $35,660.04 $10.00 Trent Arneson 240, 260, 280 8/6/19 - 10/31/24 7107 5.45% $3,375.00 $40,500.00 $5.70 Jaswinder Sekhon 300 6/1/16 - 5/31/23 647 0.50% $727.88 $8,734.56 $13.50 A Mudgett Un Limited dba Martial Arts 310, 320 4/1/17 - 3/31/27 3138 2.41% $1,470.81 $17,649.72 $5.62 Catnap Enterprises, LLC 340 8/1/18 - 7/31/24 1260 0.97% $700.00 $8,400.00 $6.67 Capstone Physical Therapy 400 2/17/14 - 11/30/23 1342 1.03% $750.00 $9,000.00 $6.71 Day-to-Day Productions, LLC 410 6/1/19 - 9/30/25 2030 1.56% $1,150.00 $13,800.00 $6.80 Masdelina Gunawan and Arief Taba Gunawan 420 5/18/14 - 5/31/27 780 0.60% $895.05 $10,740.60 $13.77 Huong L. Nguyen 430 10/1/08 - 9/30/24 660 0.51% $500.00 $6,000.00 $9.09 FMT Express Blaine, LLC 440, 450 11/20/14 - 2/28/25 4425 3.39% $3,024.00 $36,288.00 $8.20 McFrugals Investments Inc. 500 12/1/19 - 3/31/27 31456 24.11% $7,864.00 $94,368.00 $3.00 Dollar Tree. 600 5/31/08 - 5/31/28 8500 6.52% $6,020.83 $72,249.96 $8.50 Sonic Logistics, LLC 800 2/1/19 - 3/31/25 1202 0.92% $600.00 $7,200.00 $5.99 Subway Real Estate Corp. 825 3/18/09 - 9/30/24 1582 1.21% $1,944.54 $23,334.48 $14.75 Behyar Yassan 840 4/1/15 - 3/31/24 3205 2.46% $1,506.00 $18,072.00 $5.64 David W. McEvoy & Michael C. McEvoy 900 10/1/91 - 12/22/26 3004 2.30% $5,750.00 $69,000.00 $22.97 ACE (Future) 700 12994 9.96% --- --- --O'Reilly (Ground Lease) PAD --- --- --Gross Rental Totals 130,448 100.% $77,356.03 $928,272.36 $7.12 NNN Reimbursement $217,350.45 $1.67 Total Operating Expense $(416,895.13) ($3.20) Net Operating Income $671,446.54 $5.15 26 BLAINE CENTER
INCOME/EXPENSE: BLAINE CENTER
BLAINE CENTER
SALE OFFERING: BLAINE CENTER
ACRES: 12.04
PRICE: $10,925,500
BLDG PSF: $73
LAND PSF: $18
BUILDING(S): 130,448 SF ON MARKET
DESCRIPTION: RETAIL CENTER
INCOME DATA CURRENT PSF Gross Rental Income $928,272.36 $7.12 NNN Reimbursements $217,350.45 $1.67 Total Income $1,145,622.81 $8.78 (Vacancy) $(57,281.14) 5.00% Effective Gross Income $1,088,341.67 $8.34 EXPENSES CURRENT PSF Taxes $92,488.47 $0.71 Insurance $57,376.00 $0.44 Water & Sewer $33,084.65 $0.25 Electricity $11,850.46 $0.09 Security $669.33 $0.01 Cleaning $17,548.11 $0.13 Grounds Maintenance $18,929.42 $0.15 Maintenance - Recoverable $11,411.24 $0.09 Parking Lot Repairs $10,000.00 $0.08 R & M Electrical Repairs $10,000.00 $0.08 Admin Snow Removal $73,030.77 $0.56 Management (Approx. 5% EGI) $54,417.08 $0.42 Reserves ($0.20 PSF) $26,089.60 $0.20 Total Operating Expense $(416,895.13) $(3.20) Net Operating Income $671,446.54 $5.15 PRICE $10,925,500 CAP RATE 7.50% PRICE PSF $73 PRICE PSF LOT $18
FULL PORTFOLIO Aggressive 7.25% $11,302,500 List 7.50% $10,925,500 Strike 7.75% $10,573,000 Strike 8.00% $10,242,500 MULTIPLE OFFERS 8.25% $9,932,500 BLAINE CENTER 27
SHOPPING CENTERS ARE FORECASTED TO SEE SIGNIFIGANT GROWTH OF 5.90% CAGR IN THE NEXT 5 YRS
MARKET AREA | DEMOGRAPHICS
BLAINE CENTER | BELLINGHAM WA MSA THE DETAILS
GLODAL INDUSTRY: SHOPPING CENTERS
Shopping centers are gaining popularity because they include clothing stores, foods, a variety of collections from different retailers or vendors, and much more in one place. This is the major factor driving the market growth. Moreover, shopping centers provide a better consumer experience, allowing them to gain access to various practices such as new product launches, festivals, and events.
GLOBAL INDUSTRY FORECAST
Shopping Centers Market is set to experience a significant growth rate of 5.90 % CAGR from 2022 to 2029. Global Shopping Centers Market is valued at approximately USD 5231.63 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.90% over the forecast period 2022-2029.
US INDUSTRY: SHOPPING CENTERS
Shopping malls were already hurting as online shopping gained territory in the United States, but the coronavirus (COVID-19) lockdowns shut most U.S. retail locations. In 2020 alone, the vacancy rate of malls and strip centers reached over 6%, while the number of stores closed by bankrupt mall-based retailers exceeded 5,000. Now more than ever mall operators are shifting from a shopping destination to a “cultural” hub or a retailtainment (retail + entertainment) center, and consumers are embracing it.
US INDUSTRY FORECAST
Economists predict retail sales growth of 0.5% in 2023, or a 0.1% decline when accounting for inflation, before returning to slower growth than pre-pandemic levels afterward. Price growth, meanwhile, will shrink to 0.6% in 2023 from 8.9% in 2022.
PACIFIC NORTHWEST INDUSTRY: SHOPPING CENTERS
While many consumers continue to utilize the conveniences offered by online shopping, much of that growth is driven by multichannel sales, where the physical store still plays an important component in the fulfillment process. As the role of brick-and-mortar stores has evolved in recent years, they remain the primary point of purchase for consumers, accounting for approximately 70% of total retail sales.
PACIFIC NORTHWEST INDUSTRY FORECAST
The National Retail Federation issued its annual forecast, anticipating that retail sales will grow between 4% and 6% in 2023. In total, NRF projects that retail sales will reach between $5.13 trillion and $5.23 trillion this year.
e
Industry Forecast sourced from Grand View Research, National Retail Federation, & Statista 30 BLAINE CENTER INDUSTRY OVERVIEW: SHOPPING CENTERS
ABOUT THE PACIFIC NORTHWEST
THE PACIFIC NORTHWEST (PNW), SOMETIMES REFERRED TO AS CASCADIA, IS A GEOGRAPHIC REGION IN WESTERN NORTH AMERICA BOUNDED BY ITS COASTAL WATERS OF THE PACIFIC OCEAN TO THE WEST AND, LOOSELY, BY THE ROCKY MOUNTAINS TO THE EAST. THOUGH NO OFFICIAL BOUNDARY EXISTS, THE MOST COMMON CONCEPTION INCLUDES THE U.S. STATES OF OREGON, WASHINGTON, AND IDAHO, AND THE CANADIAN PROVINCE OF BRITISH COLUMBIA. SOME BROADER CONCEPTIONS REACH NORTH INTO ALASKA AND YUKON. THE COASTAL AREAS WEST OF THE CASCADE AND COAST MOUNTAINS. THE OVERWHELMING MAJORITY OF THE POPULATION OF THE PACIFIC NORTHWEST IS CONCENTRATED IN THE PORTLAND–SEATTLE–VANCOUVER CORRIDOR. AS OF 2016, THE COMBINED POPULATIONS OF THE LOWER MAINLAND REGION (WHICH INCLUDES GREATER VANCOUVER), THE SEATTLE METROPOLITAN AREA, AND THE PORTLAND METROPOLITAN AREA TOTALED MORE THAN NINE MILLION PEOPLE.HOWEVER, BEYOND THESE THREE CITIES, THE PNW REGION IS CHARACTERIZED BY A VERY LOW DENSITY POPULATION DISTRIBUTION. SMARTASSET'S 2022 TOP 100 BOOMTOWN'S IN AMERICA LISTED 4 IN THE PNW: NAMPA, ID IS #1, PASCO, WA IS #8, BEND, OR IS #21, & BOISE CITY, ID IS #22. WITH FORECASTED POPULATION GROWTH BETWEEN 6.4% AND 17.04% THE REGION IS EXPERIENCING EXPANION AT A HEALTHY RATE.
BLAINE CENTER 31 PACIFIC NORTHWEST MARKET OVERVIEW
MARKET DRIVERS 32 BLAINE CENTER BELLINGHAM MSA MARKET EMPLOYERS COMPANY EMPLOYEES HQ CITY St Joseph Hospital 3116 NO BELLINGHAM Lummi Nation 2083 NO BELLINGHAM Western Washington University 2060 NO BELLINGHAM Bellingham Public Schools 1606 YES BELLINGHAM BP Cherry Point 975 NO BELLINGHAM The City of Bellingham 917 YES BELLINGHAM Matrix Service Inc 870 NO BELLINGHAM BELLINGHAM MSA MARKET EDUCATION SCHOOL STUDENTS STAFF YEAR Western Washington University 16,142 3,660 2022 Whatcom Community College 3,850 78 2022 Bellingham Technical College 1,915 122 2022 Trinity Western University 5,000 800 2022 College Data: © Google.com 2023 + © Niche.com 2023 | Employer Data: © Google.com 2023
ABOUT BLAINE, WA
The Peace Arch City! The City of Blaine is an amazing place to live and visit. With an annual 7M visitors crossing the Canadian boarder and a 12.9% growth rate over the past five years, it's clear that Blaine is on the rise. Located at the US-Canadian Boarder, between the breathtaking Cascade Range and Puget Sound, it is a great place to explore and experience both nature and city living. Plus, you won't want to miss out on the iconic Peace Arch Monument, which has made Blaine famous as a international symbol of peace. Experience all the charm that Blaine has to offer - from its unique artwork and cultural attractions, exciting outdoor activities like hiking and kayaking, to its breathtaking views of the surrounding mountains and sound. Blaine has a growing economy with a friendly downtown and a healthy business climate. The community is involved and approaches problem solving in a creative way. It embraces sustainability in all areas of community life as evidenced by the commitment to becoming a pedestrian friendly community and preserving its unique geographic location. Invest in this vibrant city!
PEACE ARCH
BLAINE HARBOR
SEMIAHMOO RESORT
MINUTES FROM THE US/CANADIAN BORDER CROSSING WITH $449.6M CONSUMER SPENDING WITHIN 5-MILES
BLAINE CENTER | BELLINGHAM WA MSA ADVISOR
| PNW
OPINION OF VALUE RETAIL CENTER ASSETS
REGION
INDUSTRY HIGHLIGHT
THE GLOBAL FOOD & GROCERY RETAIL MARKET SIZE IS EXPECTED TO REACH USD 14.78 TRILLION BY 2030, REGISTERING A CAGR OF 3.0%. THE FOOD CUPBOARD SEGMENT ACCOUNTED FOR THE LARGEST SHARE OF THE GLOBAL MARKET IN 2021 DUE TO THE INCREASED AT-HOME FOOD CONSUMPTION. THE SUPERMARKETS & HYPERMARKETS DISTRIBUTION CHANNEL SEGMENT DOMINATED THE GLOBAL MARKET IN 2021. THE GROWTH CAN BE CREDITED TO A LARGE NUMBER OF STORES PRESENT ACROSS THE WORLD AND A WIDE VARIETY OF PRODUCTS OFFERED AT A SINGLE PLACE BY THESE STORES. ACCORDING TO GLOBE NEWS WIRE.
COSTCUTTER
WE ALL KNOW THERE IS A PLACE FOR PLANNING WHEN WE SHOP, BUT AT TIMES WE ALL LIKE TO GIVE IN TO THE UNEXPECTED, TO LIVE LIFE ON IMPULSE, TO SIMPLY BE SPONTANEOUS. COSTCUTTER IS ON YOUR SIDE. NOT JUST FOR GREAT VALUE BASICS, BUT ALSO FOR THE SURPRISING EXTRAS, GIVING YOU THE FREEDOM TO ENJOY THE MORE CAREFREE AND UNEXPECTED MOMENTS IN LIFE. COSTCUTTER IS PART OF COSTCUTTER SUPERMARKETS GROUP, CONSISTING OF COSTCUTTER, MACE, SUPERSHOP, AND SIMPLY FRESH, THROUGHOUT THE UK AND REPUBLIC OF IRELAND.
COSTCUTTER. FOR THE SPONTANEOUS EVERYDAY. LOCATIONS
17K FOUNDED
1986
9 COUNTRIES
HEADQUARTERS SBRY.L NASDAQ
DUNNINGTON, GB
TENANT PROFILE: COSTCUTTER
$559.4 M REVENUE Industry Highlights sourced from Globe News Wire
INDUSTRY HIGHLIGHT
THE GLOBAL HARDWARE MARKET GREW FROM $111.44 BILLION IN 2022 TO $121.34 BILLION IN 2023 AT A COMPOUND ANNUAL GROWTH RATE (CAGR) OF 8.9%. THE RUSSIA-UKRAINE WAR DISRUPTED THE CHANCES OF GLOBAL ECONOMIC RECOVERY FROM THE COVID-19 PANDEMIC, AT LEAST IN THE SHORT TERM. IN 2021, TOTAL SALES OF HARDWARE STORES IN THE UNITED STATES AMOUNTED TO AN ESTIMATED 63 BILLION U.S. DOLLARS, WHICH IS AN INCREASE OF ABOUT FOUR BILLION U.S. DOLLARS COMPARED TO THE PREVIOUS YEAR. BY 2025, TOTAL U.S. HARDWARE STORE SALES ARE PREDICTED TO REACH SOME 77.7 BILLION U.S. DOLLARS.
ACE HARDWARE
ACE HARDWARE COMPRISES OVER 5,000 STORES WORLDWIDE, MOST OF WHICH ARE OWNED AND RUN BY SMALL BUSINESS OWNERS WITHIN THEIR LOCAL COMMUNITIES. ACE HARDWARE PROVIDES PAINT, LAWN AND GARDEN EQUIPMENT, TOOLS, NICHE SERVICES, AND PRACTICALLY ALL THE NECESSARY MATERIALS FOR HOME REPAIR AND MAINTENANCE. PLUS, WITH ITS "HELPFUL HARDWARE FOLKS", ACE IS A FRIENDLY AND RELIABLE HARDWARE SUPPLIER.
1924
LOCATIONS
4,429 FOUNDED
$8.6B REVENUE
7,577+ EMPLOYEES
424950
NAICS CODE
HEADQUARTERS
CHICAGO, IL
TENANT PROFILE:
ACE HARDWARE
INDUSTRY HIGHLIGHT
OFF-PRICE RETAIL CONTINUES TO THRIVE. THE NATIONAL RETAIL FEDERATION TODAY ISSUED ITS ANNUAL FORECAST, ANTICIPATING THAT RETAIL SALES WILL GROW BETWEEN 4% AND 6% IN 2023. IN TOTAL, NRF PROJECTS THAT RETAIL SALES WILL REACH BETWEEN $5.13 TRILLION AND $5.23 TRILLION THIS YEAR.
DOLLAR TREE
DISCOUNT RETAILER WITH STATIC PRICING. ONE COMPANY WITH OVER 16,000 STORES AND 200,000 ASSOCIATES, OPERATING IN ALL 48 CONTIGUOUS STATES AND FIVE CANADIAN PROVINCES. IN THE MIDST OF UNPRECEDENTED INFLATION, DOLLAR TREE RECENTLY CHANGED ITS PRIMARY PRICE POINT TO $1.25.
LOCATIONS
1986
DLTR NASDAQ $28.23B REVENUE
EMPLOYEES
VA
TENANT PROFILE: DOLLAR TREE
IT’S ALL ABOUT THE THRILL OF THE HUNT!.
16K+ FOUNDED CHESAPEAK,
HEADQUARTERS 193K+
Industry Highlights sourced from Grand View Research
TENANT LIST (GLA 130,448 SF)
SITE LEGEND
Available
Leased
Leased But Available
Pad Site
is site plan is presented solely for the purpose of identifying the property’s purpose and identifying the property’s location and size. is is to be used for reference only.
409-892-0200 | ac-us.com
BLAINE CENTER 39 SHOPPING CENTER OVERVIEW PYLON SIGN GRANT AVENUE (11 ,000 VPD) H STREET (5,471 VPD) H I G H W A Y 5 4 3 ( 1 4 , 0 0 0 V P D ) 100 200 240-280 450 500 600 700 300 310-330 340 400 410 800 825 840 1503 P1 420 430
Cost Cutter 43,550 SF Westside Pizza 3,566 SF Life Impact Church 7,107 SF TMG Logistics 674 SF UTSA Martial Arts – Blaine 3,138 SF Catnap Canvas 1,260 SF Capstone Physical Therapy 1,342 SF Day-To-Day Dance 2,030 SF Sweet Tangerine 780 SF Nikki’s Hair Salon 660 SF The UPS Store 4,425 SF LEASED BUT AVAILABLE 31,456 SF Dollar Tree 8,500 SF ACE Hardware 12,994 SF Sonic Logistics 1,202 SF Subway 1,582 SF Everyday Fitness 3,205 SF Shell Fuel Station 3,004 SF O’Reilly 24,394 SF 100| 200| 240-280| 300| 310-330| 340| 400| 410| 420| 430| 450| 500| 600| 700| 800| 825| 840| 1503| P1| FRUGAL S m C FRUGAL S m C DISCOUNT OUTLET DISCOUNT OUTLET N
1501|
1733 H Street Blaine, WA | 98230
Not A Part (NAP)
Blaine International
3/8/2023
2,634+ VPD ALONG H ST
805+ VPD ALONG GRANT ST
365+ VPD ALONG LUDWICK AVE
6,106+ VPD WA 543 (TRUCK ROUTE)
ANNUAL FOOT TRAFFIC: 127,739 SITE VISITS
HOURLY FOOT TRAFFIC: 3 PM PEAK
DAILY FOOT TRAFFIC: FRIDAY PEAK
WALKSCORE: 46 (CAR DEPENTANT)
BIKESCORE: 34 (SOMEWHAT BIKEABLE)
TRANSITSCORE: -- (NA)
AIRPORT:
2 HR DRIVE TO SEA-TAC
SEATTLE-TACOMA INTERNATIONAL AIRPORT
40 BLAINE CENTER TOTAL POPULATION HOUSEHOLDS HH INCOME TRAFFIC TRANSPORTATION DEMOGRAPHICS STATE COUNTY MSA CITY CONSUMER SPENDING POPULATION Demographic, Traffic, Consumer Data: © AlphaMap.com 2023 | Population Data: © DataUSA.io 2023 + © Niche.com 2023 | Transportation Ratings: © WalkScore.com 2023 1 MILE 3 MILES 5 MILES 4,453 7,274 16,048 1,723 2,819 6,690 $92.8K $101.7K $111.7K $80.6M $239.4M $449.6M WASHINGTON WHATCOM COUNTY BELLINGHAM METRO AREA BLAINE 7.51M 224,538 224,538 5,427
TRADE AREA
BLAINE CENTER 41 Trade Area Demographic Data + Growth Projections: © AlphaMap.com 2023
RADIUS
MILE RADIUS 1 MILE RADIUS HOUSEHOLDS POPULATION HH INCOME HOUSEHOLDS POPULATION HH INCOME 2,819 7,274 $101.7K HOUSEHOLDS POPULATION HH INCOME 6,690 16,048 $111.7K 1,723 4,453 $92.8K TRADE AREA: 78.5 SQUARE MILES TRADE AREA: 28.3 SQUARE MILES TRADE AREA: 3.1 SQUARE MILES 5 YR PROJECTED POPULATION GROWTH: 5.066% 5 YR PROJECTED POPULATION GROWTH: 2.956% 5 YR PROJECTED POPULATION GROWTH: 4.402% DEMOGRAPHICS
5 MILE
3
LEAD ADVISOR JUSTIN POOR Principal Advisor 503.218.4380 justin.poor@cinw.com OR 200705229 | WA 109251 BRAD MACOMBER Senior Advisor 503.218.4380 brad.macomber@cinw.com OR 200908061 | WA 95748 ERIK FORDYCE Director of Investments 503.218.4380 erik.fordyce@cinw.com OR 201251735
