FARMINGTON SHOPPING CENTER
17495 SW FARMINGTON RD, ALOHA, OR
6.30%
CAP FARMINGTON SHOPPING CENTER
Rentable Area SF Value Value PSF Occupancy
Type # Parcels Parking Retail 2 560 Stalls 203,555 $40,710,000 $200 100% Cap Rate Purchase Price Comments 6.00% $42,400,000 Too Aggressive 6.30% $40,710,000 Suggested List 6.50% $39,150,000 Strike Range 6.80% $37,710,000 Strike Range 7.00% $36,370,000 Multiple Offers 7.30% $35,120,000 Too Conservative
Tenant Suite Lease Start Lease End Remaining Lease Term (Months) SF Occupied % Current Monthly Rent Current Annual Rent Current Rent PSF Monthly NNN Annual NNN NNN PSF Aloha Community Library 1 1,958 1,958 1.0% USWC Taekwondo Tanasbourne 1 3/1/19 3/1/23 2,633 2,633 1.3% $5,250.00 $63,000.00 $23.93 $1,210.00 $14,520.00 $5.51 Aloha Animal Medical Center 1 11/18/21 11/30/26 30 1,980 1,980 1.0% $5,045.94 $60,551.28 $30.58 $900.00 $10,800.00 $5.45 Beaver Tree Service Inc 1 4/1/17 2/28/23 300 300 0.1% $485.00 $5,820.00 $19.40 $100.00 $1,200.00 $4.00 A+ Academy 1 6/1/18 2/28/23 1,200 1,200 0.6% $1,530.00 $18,360.00 $15.30 $525.00 $6,300.00 $5.25 Farmington Liquor Store 1 9/1/13 8/31/18 1,982 1,982 1.0% $2,975.00 $35,700.00 $18.01 $807.00 $9,684.00 $4.89 Liney Inc 1 6/1/22 5/31/27 36 7,050 7,050 3.5% $9,539.00 $114,468.00 $16.24 $807.00 $9,684.00 $1.37 Aloho Community Library 2 1 12/1/16 11/30/26 30 9,350 9,350 4.6% $5,828.00 $69,936.00 $7.48 $2,447.00 $29,364.00 $3.14 Key Bank of Oregon 10 9/1/20 9/1/25 15 4,260 4,260 2.1% $9,187.00 $110,244.00 $25.88 $15.00 $180.00 $0.04 Claboe Carwash Inc 12 5/1/19 4/30/29 59 2,380 2,380 1.2% $4,870.00 $58,440.00 $24.55 $242.00 $2,904.00 $1.22 Dairy Queen 2 9/1/07 8/31/22 3,000 3,000 1.5% $5,230.00 $62,760.00 $20.92 $672.00 $8,064.00 $2.69 JP Morgan Chase 13 10/1/05 9/30/25 16 3,500 3,500 1.7% $8,166.66 $97,999.92 $28.00 $1,185.00 $14,220.00 $4.06 Subway 13 8/1/29 7/31/25 14 2,157 2,157 1.1% $5,691.43 $68,297.16 $31.66 $1,031.00 $12,372.00 $5.74 King's Bento 13 8/1/21 7/31/31 86 1,350 1,350 0.7% $5,716.88 $68,602.56 $50.82 $595.00 $7,140.00 $5.29 503 Shop 13 8/1/21 11/30/25 18 767 767 0.4% $1,800.00 $21,600.00 $28.16 $289.00 $3,468.00 $4.52 Perfect Smiles Dental 13 11/1/22 10/31/27 41 2,148 2,148 1.1% $5,124.00 $61,488.00 $28.63 $974.00 $11,688.00 $5.44 Rite Aid 3 11/1/95 12/31/28 55 25,000 25,000 12.3% $29,166.67 $350,000.04 $14.00 $7,415.00 $88,980.00 $3.56 Basics Market 8 3/1/22 2/9/32 92 43,000 43,000 21.1% $36,000.00 $432,000.00 $10.05 $20,604.00 $247,248.00 $5.75 Dollar Tree 11 5/1/22 4/30/27 35 11,600 11,600 5.7% $13,088.67 $157,064.04 $13.54 $3,294.00 $39,528.00 $3.41
RENT ROLL
CONTINUED Tenant Suite Lease Start Lease End Remaining Lease Term (Months) SF Occupied % Current Monthly Rent Current Annual Rent Current Rent PSF Monthly NNN Annual NNN NNN PSF Rite Aid 3 11/1/95 12/31/28 55 25,000 25,000 12.3% $29,166.67 $350,000.04 $14.00 $7,415.00 $88,980.00 $3.56 Basics Market 8 3/1/22 2/9/32 92 43,000 43,000 21.1% $36,000.00 $432,000.00 $10.05 $20,604.00 $247,248.00 $5.75 Dollar Tree 11 5/1/22 4/30/27 35 11,600 11,600 5.7% $13,088.67 $157,064.04 $13.54 $3,294.00 $39,528.00 $3.41 Wag-AMuffins Dog Grooming 11 4/1/20 3/31/25 10 986 986 0.5% $1,571.00 $18,852.00 $19.12 $425.00 $5,100.00 $5.17 Clean Earth Cleaners 7 3/1/20 12/31/24 7 1,500 1,500 0.7% $3,160.00 $37,920.00 $25.28 $665.00 $7,980.00 $5.32 Great Clips 7 4/1/21 3/31/26 22 1,300 1,300 0.6% $1,500.00 $18,000.00 $13.85 $672.00 $8,064.00 $6.20 Farmington Coin Wash 7 10/1/23 9/30/28 52 1,620 1,620 0.8% $2,768.00 $33,216.00 $20.50 $614.00 $7,368.00 $4.55 Luxe Nail Studio 7 10/1/18 9/30/23 1,380 1,380 0.7% $2,550.00 $30,600.00 $22.17 $584.00 $7,008.00 $5.08 Mi Jalisco 7 7/1/21 6/30/26 25 3,200 3,200 1.6% $4,875.00 $58,500.00 $18.28 $1,570.00 $18,840.00 $5.89 Mcdonald's 5 3/23/15 3/31/35 130 4,140 4,140 2.0% $9,583.00 $114,996.00 $27.78 $416.00 $4,992.00 $1.21 Coffee Stations 6 1/1/23 12/31/32 103 614 614 0.3% $2,157.78 $25,893.36 $42.17 $350.00 $4,200.00 $6.84 Godfather Pizza 6 1/1/23 12/31/27 43 3,100 3,100 1.5% $5,260.00 $63,120.00 $20.36 $1,416.00 $16,992.00 $5.48 Sakura Japanese 6 3/1/19 2/29/24 1,600 1,600 0.8% $3,527.00 $42,324.00 $26.45 $730.00 $8,760.00 $5.48 Shell 4 2/1/17 2,000 2,000 1.0% $6,905.00 $82,860.00 $41.43 $469.00 $5,628.00 $2.81 Holy Christmas Tree 12/1/23 $1,500.00 American Promotional Events $4,500.00 Mt. Olivet Baptist Church 9 3/1/22 2/28/26 21 36,500 36,500 17.9% $12,872.34 $154,468.08 $4.23 $6,141.25 $73,695.00 $2.02 Crunch Northwest 14 4/14/17 12/31/26 31 20,000 20,000 9.8% $29,333.33 $351,999.96 $17.60 $6,141.25 $73,695.00 $3.68 Total 0 203,555 100% $240,757 $2,895,080 $14.22 $63,306 $759,666 $3.73
RENT ROLL
INCOME & EXPENSES
INCOME DATA CURRENT PSF Gross Rental Income $2,895,080 $14.22 Est. NNN Reimbursements $759,666 $3.73 Total Income $3,654,746 $17.95 (Economic Vacancy) ($182,737) 5.00% Effective Gross Income $3,472,009 $17.06 EXPENSES CURRENT PSF Taxes $219,949 $1.08 Insurance $18,310 $0.09 Utilities $190,940 $0.94 Repairs & Maintenance $197,390 $0.97 Parking Lot $40,000 $0.20 Landscape $50,000 $0.25 HVAC $20,000 $0.10 General & Administrative $18,935 $0.09 Property & Administrative Fee (3% of EGI) $109,642 $0.54 Reserves ($0.50 PSF) $50,889 $0.25 Total Operating Expense ($916,055) ($4.50) OPEX % of EGI 26% Net Operating Income $2,555,954 $12.56 Less: Debt Service ($1,710,564) Free Cash Flow $845,390 $4.15
SALE OFFERING: 17495 SW FARMINGTON RD, ALOHA, OR PRICE $40,711,000 PRICE PSF $200 NRSF 203,555 SF OCCUPANCY 100%
LEAD ADVISOR JUSTIN POOR Principal Advisor 503.218.4380 justin.poor@cinw.com OR 200705229 | WA 109251 ERIK FORDYCE Director of Investments 503.218.4380 erik.fordyce@cinw.com OR 201251735
