Cornell Town Center Lease

Page 1

FOR LEASE CORNELL TOWN CENTER – A COSTCO OUTPARCEL 2,515 SF END-CAP UNIT AVAILABLE FOR LEASE! ERIK FORDYCE Director of Investments 503.218.4380 erik.fordyce@cinw.com OR 201251735 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 LEAD ADVISOR

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
5 THE SYNOPSIS 6 ASSET SYNOPSIS 7 INVESTMENT HIGHLIGHTS 8 PROPERTY PHOTOS 10 THE DETAILS 11 TENANT PROFILES 12 SITE PLAN 16 DEMOGRAPHICS 17 AREA OVERVIEW

CORNELL TOWN CENTER IS ANCHORED BY HILLSBORO'S

ONLY COSTCO, WHICH DRAWS 251,963+ SHOPPERS

MONTHLY

RETAIL | 2,515SF

CORNELL TOWN CENTER | HILLSBORO, OR THE SYNOPSIS
2,515 SF Call for Rate ASSET SYNOPSIS 6 CORNELL TOWN CENTER 1241 NE 48TH RD, HILLSBORO Building SF Rate Lease Type Delivery Available Condition Use Parking
12,489 SF Call for Rate NNN Immediate 2,515 SF Buildout: Storefront Retail 90 Surface Spaces (7.25 /1000 sf)
CORNELL TOWN CENTER

Flexible Space

2,515 sft of retail or service space (currently built out for retail).

Thriving Retail

Retail thrives in this sector of the city with $122K average household income combined with $6.7B annual consumer spending in a 5 mile radius. The subject property is anchored by Hillsboro's only Costco which draws 251,963 shoppers monthly.

Ease of Access

Well maintained parking lot with 1 ingress/egress accessing the Costco Parking Lot + nearby retail neighbors.

Vibrant Retail Area

Nestled in the midst of mutiple natial brands including Costco, McDonald's, MOD Pizza, Jersey Mikes, and Chipotle. Cornell Town Center, is home to Starbucks, Evergreens, FedEx, Interstate All Battery Center, The Barbers, Gorgeous Nail & Spa.

Ample Parking On Thoroughfare

This is a Multi-Tenant shopping center with 47 surface spaces (4/1000 sf) in dedicated lot.

Excellent Signage Visibility

The shopping center's highly visible pylon sign overlooks NE Cornell Road with direct exposure to 24,163+ VPD.

Community of Industry Leaders

Hillsboro is home to Oregon's largest employer. Intel employs 22,328 people. Nike Headquarters employs 13,964 people in neighboring Beaverton.

CORNELL TOWN CENTER 7 e
INVESTMENT HIGHLIGHTS
PROPERTY PHOTOS

2,515 SF FOR LEASE AT THE INTERSECTION OF NE CORNELL RD + NE 48TH AVE OFFERS GREAT VISIBILITY WITH MORE THAN 32,965 VPD

CONSUMERSPENDING 5MILERADIUS$6.7B CONSUMER SPENDING 3 MILE RADIUS $3.5B CONSUMER SPENDING 1 MILE RADIUS $360.6M NEBROOKWOODPKWY:18.886+VPD NE 48TH AVE:8,802+ VPD NE CORNELL RD: 24,163+ VPD

CORNELL TOWN CENTER | HILLSBORO, OR THE DETAILS

2,515 SF AVAILABLE | CALL FOR RATE

TENANT PROFILES

STARBUCKS

STARBUCKS CORPORATION IS AN AMERICAN MULTINATIONAL CHAIN OF COFFEEHOUSES AND ROASTERY RESERVES HEADQUARTERED IN SEATTLE, WASHINGTON. IT IS THE WORLD'S LARGEST COFFEEHOUSE CHAIN.

FED EX OFFICE

FEDEX PROVIDES CUSTOMERS AND BUSINESSES WORLDWIDE WITH A BROAD PORTFOLIO OF TRANSPORTATION, E-COMMERCE AND BUSINESS SERVICES.

LOCATIONS 35,711 402K EMPLOYEES
SEATTLE, WA HEADQUARTERS
LOCATIONS 19.5K+ COUNTIRES 220+ $94B REVENUE MEMPHIS, TN HEADQUARTERS $32.25B REVENUE

24,163+VPDNECornellRD

SITE PLAN YOUR logo HERE
AERIAL MAP YOUR logo HERE CORNELL TOWN CENTER 13 24,163+ VPD NE Cornell RD 1 8 ,886+VPDNEBROOKWOOD P K W Y HILLSBORO AIRPORT (HIO) OREGON'S 2ND BUSIEST AIRPORT AT OVER 200,000 TOTAL OPERATIONS ANNUALLY. INTEL OREGON'S LARGEST EMPLOYER WITH 22,328 EMPLOYEES.
TRADE AREA Trade Area Demographic Data + Growth Projections: © AlphaMap.com 2023 5 MILE RADIUS 3 MILE RADIUS 1 MILE RADIUS HOUSEHOLDS POPULATION HH INCOME HOUSEHOLDS POPULATION HH INCOME 42,822 114,119 $121.9K HOUSEHOLDS POPULATION HH INCOME 78,983 211,936 $121.3K 4,385 10,246 $146.2K TRADE AREA: 78.5 SQUARE MILES TRADE AREA: 28.3 SQUARE MILES TRADE AREA: 3.1 SQUARE MILES 5 YR PROJECTED POPULATION GROWTH: 4.826% 5 YR PROJECTED POPULATION GROWTH: 5.594% 5 YR PROJECTED POPULATION GROWTH: 8.452% your logo here 14 CORNELL TOWN CENTER
PORTLAND MSA MARKET HILLSBORO-BEAVERTON SUB MARKET EMPLOYERS COMPANY EMPLOYEES HQ CITY Intel 22,328 NO HILLSBORO Nike 15,125 YES BEAVERTON Columbia Sportswear 2,000 YES PORTLAND Tektronix 1,302 YES BEAVERTON Thermo Fisher Scientific 1,062 NO BEAVERTON Qorvo 685 NO HILLSBORO Genentech 606 NO HILLSBORO Tokyo Electron America 600 NO HILLSBORO PORTLAND MSA MARKET EDUCATION SCHOOL STUDENTS STAFF YEAR Portland State University 22,014 1,700 2022 Oregon Health & Science University 3,035 12,600 2022 University Of Portland 3,731 1,000 2022 Lewis + Clark College 3,513 750 2022 University of Western States 1,000 242 2022 Reed College 886 164 2022 Multnomah University 336 100 2022 College Data: © Google.com 2023 + © Niche.com 2023 | Employer Data: © Google.com 2023 CORNELL TOWN CENTER 15

8,802 VPD+ NE 48TH AVE

24,163 VPD+ NE CORNELL RD

18,886 VPD+ NE BROOKWOOD PKWY

ANNUAL FOOT TRAFFIC: 852,679 SITE VISITS

HOURLY FOOT TRAFFIC: 3:00 PM PEAK

DAILY FOOT TRAFFIC: FRIDAY PEAK

WALKSCORE: 45 (CAR DEPENDENT)

BIKESCORE: 70 (VERY BIKEABLE)

TRANSITSCORE: 54 (GOOD TRANSIT)

AIRPORT: 4 MIN DRIVE TO (HIO) HILLSBORO AIRPORT

58 MIN DRIVE TO (PDX) PORTLAND AIRPORT

DOWNTOWN: 10 MIN DRIVE TO DOWNTOWN HILLSBORO

Demographic, Traffic, Consumer Data: © AlphaMap.com 2023 | Population Data: © DataUSA.io 2023 + © Niche.com 2023 | Transportation Ratings: © WalkScore.com 2023 TOTAL POPULATION HOUSEHOLDS HH INCOME TRAFFIC TRANSPORTATION DEMOGRAPHICS STATE COUNTY MSA CITY CONSUMER SPENDING POPULATION
DEMOGRAPHICS your logo here 1 MILE 3 MILES 5 MILES 10,246 114,119 211,936 4,385 42,822 78,983 $146.2K $121.9K $121.3K $360.6M $3.5B $6.7B
OREGON WASHINGTON COUNTY PORTLAND METRO AREA HILLSBORO 4.18M 595,761 2.47M 108,026

ABOUT HILLSBORO, OR

Hillsboro is the fifth-largest city in the U.S. state of Oregon and is the county seat of Washington County. It is also the 5th fastest growing city in the state with a population change rate of 20.8%. Situated in the Tualatin Valley on the west side of the Portland metropolitan area, the city hosts many hightechnology companies, such as Intel, locally known as the Silicon Forest. Hillsboro is Washington County’s largest city— and the county seat—with a population exceeding 101,000. It is also among the oldest communities in the state. With the emergence of the technology sector, as part of the region’s “Silicon Forest,” Hillsboro is home to some of technology’s biggest and brightest names, and this city continues to grow. The city boasts several parks and sports fields, and Hillsboro has a state-of-the-art stadium, which is home to a Single-A, minor-league baseball team, the Hillsboro Hops. Hillsboro is the Tualatin Valley’s “Beervana,” with several craft breweries centrally located near the eastern edge of the city.

In addition to sports, a plethora of activities are readily accessible in the city. The Wetlands Preserve, attracts hundreds of birds—and bird watchers— annually, while unique museums showcase a variety of exhibits from yesteryear and today: Five Oaks Museum and Rice Northwest Museum of Rocks and Minerals. The Washington County Fair Complex, located near the airport, and with a dedicated stop along the MAX light-rail transit line, is home to many of Tualatin Valley’s largest annual events, such as the Washington County Fair. Currently under construction is the new Wingspan Events and Conference Center, which will be Tualatin Valley’s first conference center, which will attract larger events and meetings to this growing destination.

AREA OVERVIEW
Movie In The Park Intel Campus Image: wikimedia.org Image: en.wikipedia.org Airplane Home Image: wikimedia.org
ERIK FORDYCE Director of Investments 503.218.4380 erik.fordyce@cinw.com OR 201251735 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 LEAD ADVISOR

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