Shari's, Airport Way - Portland, OR by cinw.com

LEGAL DISCLOSURE

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.

Commercial Integrity, NW was founded on the principle in its name. In a transactional world, the strength and simplicity in integrity is often overlooked. CINW strives to combine true integrity with over 20+ years of unmatched sales and advisory experience while prioritizing the responsibility to do right.

THE TEAM

COMMERCIAL INTEGRITY, NW | PORTLAND, OR

OUR TEAM

JUSTIN POOR

Principal Advisor

503.218.4380

justin.poor@cinw.com OR 200705229 | WA 109251

BRAD MACOMBER

Senior Director, Leasing

503.218.4380

brad.macomber@cinw.com OR 200908061 | WA 95748

Justin Poor, the visionary founder and Principal Advisor of Commercial Integrity NW, possesses a dynamic background rooted in a nearly two decade-long tenure in the commercial real estate industry. Prior to starting “CI”, he held the role of Vice President of Investments at a leading national brokerage company.

Justin has consistently garnered recognition on both regional and national platforms throughout his career. His exceptional contributions were lauded at his previous ﬁrm, where he earned accolades as ‘Top Portland Broker’ along with the National Sales Recognition Awards every year as the country came out of the ‘Great Recession’ as well as the prestigious National Achievement Awards placing him in the top 10% of the country, Thus solidifying his position as a preeminent ﬁgure in the industry. His vast professional network and expertise in the Portland market, which he brings to each client, has made him a trailblazer in the commercial real estate world.

Under Justin’s leadership, Commercial Integrity NW has brought a wealth of experience to the retail sector. Since 2007, Justin has facilitated an impressive list of single, multi-tenant, and mixed-use retail transactions, amassing a total transaction and advisory valuation of over $1billion dollars. More importantly, Justin has integrated the principals of integrating new technologies, individualized approaches to each asset and giving back to the community as part of the CINW mission. Justin has crafted an efﬁcient, capable team at CINW with professionals from all unique backgrounds with the knowledge and resources to serve all clients with the time and quality needed to achieve their goals.

As the Principal Advisor of CINW, Justin continues to spearhead the development of pioneering strategies, redeﬁning the landscape of marketing and sales for investment properties in the thriving PNW market.

As the Senior Director - Leasing, Brad introduces a dynamic new service that seamlessly complements our existing offerings. Now, clients can benefit from our expanded advisory services, encompassing comprehensive leasing guidance for both Landlords and Tenants. This strategic enhancement reflects our unwavering commitment to delivering holistic solutions and unparalleled support to our valued clientele.

Before embarking on his real estate career, Brad spent six years practicing law in Portland, actively engaging in the resolution of real estate disputes and contractual breaches in both California and Oregon. This legal background has equipped him with an exceptional skill set, enabling him to adeptly navigate the intricacies of day-to-day contract and lease negotiations inherent in his role. Furthermore, his firsthand ownership and operation of multiple retail establishments in downtown Portland have endowed him with a nuanced understanding of the needs and perspectives of both landlords and tenants.

Brad has over a decade of experience in Landlord and Tenant Representation, as well as Investment Sales. He has a distinguished track record working with international, national and local tenants and landlords and is looking forward to working with you. Renowned for his exceptional negotiation skills and profound understanding of market trends, he adeptly crafts innovative strategies that cater to the unique needs of each client, ensuring seamless transactions and fostering enduring, mutually beneficial relationships.

A SYNERGISTIC APPROACH

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, & solidifies tomorrow.

JUSTIN POOR Principal Advisor

BEN MURPHY Director, Multifamily

RICK BRODY Associate

JOHN KINSMAN Associate

GABE MABROUK Associate

BRAD MACOMBER Senior Director, Leasing

NOTABLE SALES

THE MARKETING

SHARI'S - AIRPORT WAY

YOUR UNIQUE, OMNI-CHANNEL MARKETING PACKAGE IS CREATED

Our goal is to showcase your asset in its most compelling light. To achieve this, our dedicated creative marketing team crafts distinctive marketing materials across multiple channels that surpass the ordinary. Your asset deserves to stand out and attract the right investor.

OFFERING MEMORANDUM

SOCIAL MEDIA

PROPERTY FLYER

EMAIL CAMPAIGNS DEDICATED LISTING

UNMATCHED DIGITAL & PRINT EXPOSURE ACROSS THE REGION & NATION

WE INTRODUCE YOUR PROPERTY TO OUR ‘SELECT INVESTOR’ LIST

2 3

OUR SELECT INVESTORS LIST INCLUDES 13,000+ ACTIVE INVESTORS/LANDLORDS/ TENANTS & 50,000+ CONTACTS IN CINW’S DATABASE.

Your property will ﬁnd the country’s most active Investors and landlord/tenants who we work closely with to ensure a competitive landscape during our marketing period.

Our ‘Select Investor’ 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 & TARGET THE COUNTRY’S MOST RECENT & ACTIVE INVESTORS

INVESTMENT TRANSACTIONS OVER THE LAST 6 MONTHS IN OREGON, WASHINGTON & CALIFORNIA ALONE:

5,404

948

BETWEEN ONE - FIVE MILLION DOLLARS BETWEEN FIVE- TEN MILLION DOLLARS

Our research team closely tracks West Coast and national investment transactions. We target numerous new investors daily, focusing on those who recently completed a sale or are actively seeking investment opportunities. These high-value investors are our priority. When we list a new asset, we proactively engage with this select group, leveraging personal calls and targeted marketing to establish meaningful connections that drive results.

THE FORMULA

OUR REACH

AT COMMERCIAL INTEGRITY, NW

WE ARE REVOLUTIONIZING THE WAY OUR CLIENTS CONNECT WITH NEW INVESTORS. BY PARTNERING WITH INDUSTRY LEADING COMPANIES, WE’VE ENHANCED OUR CLIENTS’ VISIBILITY AND REACH. OUR PLATFORM GRANTS EXCLUSIVE ACCESS TO THE LARGEST NETWORK OF WEST COAST INVESTORS, PROVIDING UNMATCHED OPPORTUNITIES FOR GROWTH AND SUCCESS.

THE SYNOPSIS

SHARI'S - AIRPORT WAY

$1,400,000

$354 PSF (BUILDING)

$27 PSF (LAND)

11335 NE AIRPORT WAY, PORTLAND, OR SHARI'S

Building

Land

3,950 SF

52,264 SF Acres

1.2 AC

Built

Parcel

2017

Zoning. . .EG-2 (General Employment Zone)

Parking . . . Approx. 50 Stalls

Lease Type

NNN

Construction . . .Wood Frame

• Shari's Is a 3,950 SF Single-Tenant Triple net Leased Retail Investment Opportunity Located in the City of Portland, Oregon.

• Ideally Located on a High Volume Home Depot Outpad next to Portland International Airport.

• Portland International Airport (PDX) Brings 49,000+ Travelers Daily to the Area.

• Shari's Property Was Originally Built in 1994 and Extensivly Remodeled in 2017. The Property Sits on a 1.2 Acre Parcel. Situated at a Signalized, High Volume Intersection.

• Shari's Is an Established Tenant Within the Community and is Nestled Comfortably Between Multiple Hotels Including Courtyard By Marriott, Shiloh Inns, Clarion Inn & Suites, Homewood Suites By Hilton, Fairfeild By Marriott, Springhill Suites by Marriott, Best Western, and Comfort Inn.

• Staring in 2025 The Lease Provides Future Rent Growth With Approximately 2% Rental Escalations Every Year.

THE NUMBERS

SHARI'S - AIRPORT WAY

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

Tenant shall procure and maintain at full force and effect at all times during Lease and any extension, at Tenant's expense: fire and extended coverage, Publice Liability and Property Damage.

Utilities

Tenant is responsible to pay when due all charges for fuel, heat, water, sewer service, refuse collection, gas, electricity, telephone, and for all other utilities, with any taxes used ot consumed on the Premises.

Tenant R&M

Tenant, at their expense, make all repairs and replacements, including stuctureal and non-structural, necessary to maintain the Building situated on the Premises. Including all painting, glass, utilities, conduits, fixtures and epquipment, foundation, roof, exterior walls, heating and air. conditioning systems, wiring, plumbing, sprinkler systems, and other utilities.

Expense CAP N/A

PROPERTY

Shari's 11335 Airport Way

Portland OR 97220

Tenant

Shari's Lease NNN

April 3rd, 2020April 2nd, 2025

LEASED AREA 3,950 SF

Exclusive Use For Restaurant

Estopple Certificate 15 days

$162,832 CURRENT ANNUAL RENT

SALES COMPARABLES

SALES COMPARABLES MAP

SUBJECT

THE DETAILS

SHARI'S - AIRPORT WAY

BUILDING PROFILE

ABOUT the SHARI's Building

Built in 1994 and renovated in 2017, The Airport Way Shari's Building is one of the octogon restaurants this chain is known for. The iconic, 3,950 SF building stands a modest single story on it's 52,264SF (1.2 AC) lot. The remaining portion of this 52,264 SF property is primerily parking lot with 50 surface stalls. 143' of fontage along NE Airport Way and 2 ingress/ egress' on NE Glen Winding Drive allowing easy traffic flow. The building sits in highly visibile corner of is meticulously manicured and landscaped property.