Taco Time OM

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.

DRIVE-THRU QUICK SERVICE RESTAURANTS HAVE BEEN A RESILIENT ASSET CLASS SINCE THE START OF THE PANDEMIC, MAKING THEM THE MOST SOUGHT AFTER INVESTMENTS IN THE COVID-19 ERA

THE SYNOPSIS

TACO TIME | BEAVERTON, OR

$1,200,000 | 5.20% CAP RATE

$1,200,000

5.20%

CAp Rate

TACO TIME

11960 SW ALLEN BOULEVARD • BEAVERTON, OR 97005

Building . . 1,688 SF

Land . . 16,988 SF

Acres . . . 0.39 AC

Built . . 1985 (Est.)

Zoning . . . NS

# of Parcels . . 1

Parking . . 16 Stalls

Households (1-Mile) . . 7,400

Term Remaining . . . 8+ Years

Lease Type . . NNN

• Taco Time, a COVETED DRIVE-THRU QSR investment opportunity, is Available for Sale off HIGHWAY 217 in Beaverton, Oregon.

• The Passive triple-net leased asset Leaves Minimal Responsibility to the Landlord and Has significant term remaining on the Original 20-Year Lease.

• The Triple-Net Lease Calls for the greater of 2.00% or cpi annual increases, Hedging against Inflation.

• The Subject Property is Strategically Located at the major signalized intersection of Allen Boulevard and Lombard Avenue, Nestled among 2,790+ apartment units and a total population of 18,570 within One Mile, and is Exposed to 30,600+ vehicles per day .

• Taco Time Has Been Open at This Location for over 35 years, Demonstrating commitment to the downtown beaverton market .

• Easy Accessibility to the Drive-Thru Restaurant

Provided by MULTIPLE POINTS OF INGRESS/EGRESS, and its Position Adjacent to highway 217, an Oregon State Highway Serving the western suburbs of portland .

• Extremely competitive retail location with Sub 4.3% Beaverton Market Vacancy.

TACO TIME HAS BEEN COMMITTED TO THIS LOCATION AT THE SIGNALIZED CORNER OF SW ALLEN BOULEVARD AND LOMBARD AVENUE FOR OVER 35 YEARS

THE NUMBERS

TACO TIME | BEAVERTON, OR

NOI: $62,399

RENT ROLL RENT ESCALATION SCHEDULE INTELLIGENT PRICING MODEL

TENANT INFO SQUARE FEET CURRENT RENT

INCOME DATA CURRENT PSF

EXPENSES CURRENT

This information has been secured by the listing agent and we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer bears all risk for any inaccuracies.

LEASE ABSTRACT

Tenant: Taco Time

Tenant Trade Name: Oregon Holdings Inc.

Address: 11960 SW Allen Boulevard, Beaverton OR 97005

GLA: 1,688 SF

Lease Date: 10/5/2010

Rent Commencement: 11/7/2010

Lease Expiration: 11/6/2030

Term: Eight (8) Years Remaining

Current Monthly Rent: $5,518.00

Increases: Greater of 2.00% or CPI

Percentage Rent: N/A

Date of Next Increase: 11/7/2021

Renewal Options: 2 x 5

Taxes:

In addition to Base Rent, Tenant shall pay to Landlord the Real Property Taxes that accrue in connection with the Premises during the Lease Term.

Landlord Repairs and Maintenance: Repairs and maintenance of the exterior walls, bearing walls, structural membranes, floors, foundations. Repairs and replacement of sidewalks, driveways, curbs and parking areas, excluding striping.

Tenant Repairs and Maintenance: Repair, painting, maintenance of roof, gutters, interior walls, floors, coverings, ceilings, doors, windows, wiring, equipment, septic, utility lines, quarterly contract maintenance and other repairs or replacement of HVAC.

TI Allowance: N/A

Expense Cap: N/A

Insurance:

Tenant shall keep the Premises and all equipment owned by Landlord and used in connection with the Premises insured at Tenant's expense to their full replacement value against fire and the other risks covered by a standard fire insurance policy with an extended coverage endorsement. Tenant shall also procure and maintain, at Tenant's expense, public liablity and property damage insurance on a comprehensive general liability coverage form, with limits of not less than two million ($2,000,000) for bodily injury and property and property damage on a per occurrence basis.

Utilities: Tenant shall pay when due all charges for services and utilities incurred in connection with the use, occupancy, operation and maintenance of the Premises.

Options to Terminate: N/A

Right of Refusal: N/A

Security Deposit: $0.00

Estoppel Certificate: Fifteen (15) Days

TACO TIME | BEAVERTON, OR

1,688 SF BUILDING | 16,988 SF LAND

TACO TIME

Taco Time was founded in Eugene, Oregon in 1960. The privately-owned fastfood chain spacializes in Mexican Food and is located across the United States and in Canada. In 2003, Taco Time was purchased by Kahala Brands, a subsidiary to MTY Food Group, and is now headquartered in Scottsdale, Arizona. Kahala Brands is one of North American's largest holding company in the fastfood restaurant franchise world. MTY Food Group, the parent company to Kahala Brands, operates nearly 90 brands including Cold Stone Creamery, Pinkberry, Papa Murphy's Pizza and TCBY.

SCOTTSDALE, AZ HEADQUARTERS www.tacotime.com

Taco Time offers a menu that is inventive, incorporating not just the customizable tacos, burritos, salads, quesadillas and nachos, but also a playful take on mexican fare including the famous Mexi-Rries (Taco Time's take on tater tots), Crisp Burritos and a variety of vegetarian options, limited-time offerings and seasonal menu items to keep customers engaged.

TACO TIME

ABOUT BEAVERTON, OR

Located midway between Mt. Hood and the Oregon Coast just seven miles west of Portland is the city of Beaverton. The city is part of the Tualatin Valley, home to over 98,000 people and is nestled between Hillsboro and Tigard. Beaverton is the sixth largest city in the state and the second largest city in Washington County. It is considered an economic center for Washington County and is home to Nike World HQ, Reser’s Fine Foods and Tektronix.

Downtown Beaverton spans north to south from Center Street to SW 5th Avenue, and east to west from Cedar Hills Boulevard to Lombard Avenue. The neighborhood is experiencing an exciting transformation into a vibrant, walkable and mixed-use area well-served by transit (Beaverton Central MAX Station and Beaverton Transit Center). Old Town and Historic Broadway are home to the Beaverton Farmers Market, Beaverton City Park, City Library and the new restaurant row, quickly becoming the Westside’s premier destination for dining.

With a partnership with Tualatin Valley Park and Recreation, residents of Beaverton can enjoy over 100 parks spanning 1,000 acres, 30 miles of hiking trails and a 25-mile network of bike paths.

DEMOGRAPHICS

1 Mile 3 Miles 5 Miles

DISTANCE TO DOWNTOWN PORTLAND

Approx 8.3 Miles

Approx 21 Miles

23,154+ Vehicles Per Day Along SW Allen Boulevard

7,541+ Vehicles Per Day Along SW Lombard Avenue

BEAVERTON, OR POPULATION

WASHINGTON COUNTY POPULATION

PORTLAND METRO POPULATION

Washington Portland MSA 99,561 (2021 Estimate)

610,968 (2021 Estimate)

Approx. 2.75 Million People (2021 Population Estimate)

MINIMAL QUICK-SERVICE RESTAURANT COMPETITION IN THE IMMEDIATE AREA: NEAREST DRIVE-THRU IS 1.3 MILES AWAY