203 Kinkade, Boardman, OR - Offering Memorandum

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REAL ESTATE

203 KINKADE BOARDMAN, OR 97818

5000 Gross SF BUILDING FOR SALE

OFFERED AT: $400,000

John L. Scott Real Estate Hermiston | 985 N 1st St | HERMISTON, OR, 97838 541-567-8303 | www.hermistonoffice.johnlscott.com

203 KINKADE, BOARDMAN, OR 97818

CONTENTS

OVERVIEW

3

PROPERTY PHOTOS

4

AERIAL MAP

5

STREET MAP

6

BUSINESS AND LEASE INFORMATION

7 K

HOUSING VALUES

8

INCOME

9

EMPLOYEMENT

10

POPULATION GROWTH

11

COMMUNITY OVERVIEW

12

COMPANY SUMMARY

13

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541-567-8303 www.hermistonoffice.johnlscott.com

REAL ESTATE

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203 KINKADE, BOARDMAN, OR 97818

OVERVIEW

Profitable Ethnic (Hispanic) grocery located in Boardman, OR, Great clientele and repeat business.

Owner has experienced approx 34% growth rate in sales over the last 3 years as well as a significant increase in net income. Great opportunity.

PROPERTY HIGHLIGHTS

Property Type: Commercial County: Morrow Zoning: COM Legal: See Exhibit A Tax ID: 0003833 Offer/Nego: Call Seller's Agent Sale Inc: Building, Equipment, Land ● Lot Size: 1 to 2.99 Acres ● ● ● ● ● ● ●

● ● ● ● ● ● ● ●

Lot SqFt: 87000 Parking: 28 Construction: Block Roof: Metal Year Built: 1960 Ceiling Ht/Ft: Gross SqFt: 5000 Road Surface: Paved

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UTILITIES ● ● ● ●

Heat: Forced Air Fuel: Electricity Water: Public Sewer: Public Sewer

541-567-8303 www.hermistonoffice.johnlscott.com

REAL ESTATE

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PROPERTY PHOTOS

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203 KINKADE, BOARDMAN, OR 97818

541-567-8303 www.hermistonoffice.johnlscott.com

REAL ESTATE

4

203 KINKADE, BOARDMAN, OR 97818

AERIAL MAP

SUBJECT

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541-567-8303 www.hermistonoffice.johnlscott.com

REAL ESTATE

5

203 KINKADE, BOARDMAN, OR 97818

STREET MAP

SUBJECT

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541-567-8303 www.hermistonoffice.johnlscott.com

REAL ESTATE

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BUSINESS AND LEASE INFORMATION

Actual Gross Income: $552,000 Proj. Gross Income: $604,800 Business Name: Tienda El Sol II Actual Net Income: $86,200 Proj. Net Income: $60,300 Year Estab: 2017 Expenses: $147,000

203 KINKADE, BOARDMAN, OR 97818

Property Tax/Yr: $2,193.98 /2019 Tax Deferral: N Terms: Cash, Conventional Bank Owned/Real Estate Owned: N

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541-567-8303 www.hermistonoffice.johnlscott.com

REAL ESTATE

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203 KINKADE, BOARDMAN, OR 97818

HOUSING VALUES FOR 5 MILE RADIUS

<$100K $100K-$200K $200K-$300K $300K-$400K $400K-$500K $500K-$1,000K $1,000K+ 0

POPULATION 2020 Total Population: 2025 Population: Pop Growth 2020-2025: Average Age:

1 Mile 2,281 2,379 4.30% 33.6

50

100

150

200

250

300

350

400

450

500

3 Mile 4,268 4,435 3.91% 33.7

5 Mile

HOUSEHOLDS

1 Mile

3 Mile

5 Mile

4,496 4,672 3.91% 33.8

2020 Total Households: 686 HH Growth 2020-2025: 4.52% Median Household Inc: $53,684 Avg Household Size: 3.40 2020 Avg HH Vehicles: 2.00

1,325 4.00% $55,912 3.30 2.00

1,395 4.09% $55,779 3.30 2.00

$$145,585 1979

$147,181 1980

HOUSING Median Home Value: $146,613 1984 Median Year Built:

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541-567-8303 www.hermistonoffice.johnlscott.com

REAL ESTATE

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203 KINKADE, BOARDMAN, OR 97818

HOUSING BY INCOME FOR 5 MILE RADIUS

$ <$25K $25K-$50K $50K-$75K $75K-$100K $100K-$125K $125K-$150K

4

$150K-200K $200K+ 00

POPULATION 2020 Total Population: 2025 Population: Pop Growth 2020-2025: Average Age:

1 Mile 2,281 2,379 4.30% 33.6

50

100

150

200

250

300

350

3 Mile 4,268 4,435 3.91% 33.7

5 Mile

HOUSEHOLDS

1 Mile

3 Mile

5 Mile

4,496 4,672 3.91% 33.8

2020 Total Households: 686 HH Growth 2020-2025: 4.52% Median Household Inc: $53,684 Avg Household Size: 3.40 2020 Avg HH Vehicles: 2.00

1,325 4.00% $55,912 3.30 2.00

1,395 4.09% $55,779 3.30 2.00

$$145,585 1979

$147,181 1980

HOUSING Median Home Value: $146,613 1984 Median Year Built:

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541-567-8303 www.hermistonoffice.johnlscott.com

REAL ESTATE

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203 KINKADE, BOARDMAN, OR 97818

EMPLOYED BY OCCUPATION FOR 5 MILE RADIUS

Apparel Entertainment & Hobbies Food & Alcohol Household Items & Expenses Transportation & Maintenance Health Care Education & Day Care 1

POPULATION 2020 Total Population: 2025 Population: Pop Growth 2020-2025: Average Age:

1 Mile 2,281 2,379 4.30% 33.6

2

3

4

5

6

7

8

9

10

11

3 Mile 4,268 4,435 3.91% 33.7

5 Mile

HOUSEHOLDS

1 Mile

3 Mile

5 Mile

4,496 4,672 3.91% 33.8

2020 Total Households: 686 HH Growth 2020-2025: 4.52% Median Household Inc: $53,684 Avg Household Size: 3.40 2020 Avg HH Vehicles: 2.00

1,325 4.00% $55,912 3.30 2.00

1,395 4.09% $55,779 3.30 2.00

$$145,585 1979

$147,181 1980

HOUSING Median Home Value: $146,613 1984 Median Year Built:

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541-567-8303 www.hermistonoffice.johnlscott.com

REAL ESTATE

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203 KINKADE, BOARDMAN, OR 97818

POPULATION GROWTH

4.5 4.4 4.3

4.1 4.0 3.9

(Thousands)

4.2

3.8 3.7 3.6 3.5 2000 Census 2010 Census 2020 Census 2025 Projection

POPULATION 2020 Total Population: 2025 Population: Pop Growth 2020-2025: Average Age:

1 Mile 2,281 2,379 4.30% 33.60

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3 Mile 4,268 4,435 3.91% 33.70

5 Mile 4,496 4,672 3.91% 33.80

541-567-8303 www.hermistonoffice.johnlscott.com

REAL ESTATE

11

COMMUNITY OVERVIEW

203 KINKADE, BOARDMAN, OR 97818

Boardman is a city in Morrow County, Oregon, United States on the Columbia River and Interstate 84. It is part of the Pendleton–Hermiston Micropolitan Statistical Area. Boardman is currently the largest town in Morrow County, Oregon

TRAFFIC Collection Street

Cross Street

Traffic Vol Year

Distance

I- 84

Exit W

13,609 2018

3.36 mi

S Main Ave

US Hwy 730 SW

4,132 2018

4.14 mi

I- 84

Exit W

11,124 2018

4.51 mi

State Rte 14

W Crow Butte Rd W

1,471 2018

6.45 mi

State Hwy 14

Mercer Ranch Rd W

1,700 2017

6.45 mi

State Hwy 14

Stimpson Ln SW

2,300 2017

8.58 mi

State Rte 14

State Rte 221 NE

2,170 2018

8.58 mi

State Rte 221

Robinett Pr SW S

2,686 2018

8.78 mi

State Hwy 221

Robinett Pr SW S

2,300 2017

8.78 mi

State Hwy 14

Stimpson Ln SW

3,100 2017

8.85 mi

Made withTrafficMetrix® TrafficMetrix® Product Made with Products

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541-567-8303 www.hermistonoffice.johnlscott.com

REAL ESTATE

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COMPANY SUMMARY We are the only real estate brokerage in Southeastern Washington and Northeastern Oregon that shares common ownership. Serving the areas of Pasco and Walla Walla Washington as well as Milton Freewater and Hermiston Oregon.

203 KINKADE, BOARDMAN, OR 97818

John L. Scott Real Estate Hermiston is a full-service brokerage company specializing in:

RESIDENTIAL SALES

NEW CONSTRUCTION SALES

COMMERCIAL REAL ESTATE SALES

COMMERCIAL DEVELOPMENT

RESIDENTIAL DEVELOPMENT

AGRICULTURAL SALES

PROPERTY MANAGEMENT

LAND USE PLANNING

DENNIS GISI OWNER/BROKER DGISI@JOHNLSCOTT.COM 541-938-9000 - Office 509-520-0505 - Mobile

Dennis has had ties to the Pasco and Walla Walla, WA construction and real estate industry since 1993 as a founding member and owner of 3 River Properties, LLC. a real estate development firm, located in Pasco, WA since 1999. He is president of Gisi Investment Services Inc. a firm that invests in real estate and investment portfolios for the purposes of income and long-term growth potential. He has been associated with John L. Scott as a Franchise Owner since 7/2010 in the Tri Cities, WA. Milton Freewater Oregon since January 2013, Walla Walla since March, 2013 and by purchasing Universal Realty and adding it to our John L. Scott brand in October, 2018.

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541-567-8303 www.hermistonoffice.johnlscott.com

REAL ESTATE

13

203 KINKADE, BOARDMAN, OR 97818

Contact listing agent for more information

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REAL ESTATE John L. Scott Real Estate Hermiston 985 N 1ST ST | HERMISTON, OR 97838 541-567-8303 | www.hermistonoffice.johnlscott.com