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FOR SALE | ABSOLUTE NNN LEASED INVESTMENT<br />
<strong>950</strong> <strong>SW</strong> <strong>Scotton</strong> <strong>Way</strong>, Battle Ground, Washington 98604<br />
Brandi M. Ho<br />
Brandi@MAJCRE.com<br />
360.823.5112<br />
Steve Mack<br />
Steve@MAJCRE.com<br />
360.823.5131<br />
Blake D. Federinko<br />
Blake@MAJCRE.com<br />
360.823.5111<br />
www.MAJCRE.com
CONTENTS<br />
PROPERTY SUMMARY 04<br />
TENANT SUMMARY 06<br />
BUILDING ELEVATIONS & SITE PLAN 10<br />
MONUMENT SIGNAGE 12<br />
RENT ROLL & FINANCIALS 14<br />
CITY INFO & DEMOGRAPHICS 16<br />
Brandi M. Ho<br />
Brandi@MAJCRE.com<br />
Direct: 360.823.5112<br />
Steve Mack<br />
Steve@MAJCRE.com<br />
Direct: 360.823.5131<br />
Blake D. Federinko<br />
Blake@MAJCRE.com<br />
Direct: 360.823.5111<br />
www.MAJCRE.com<br />
300 West 15th Street, Suite 201 Vancouver, Washington 98660
PROPERTY SUMMARY PHOTOS<br />
PROPERTY ADDRESS<br />
BUILDING SIZE<br />
PARCEL SIZE<br />
PARCEL NUMBER<br />
JURISDICTION<br />
YEAR BUILT<br />
PARKING<br />
SIGNAGE<br />
ZONING<br />
CENTER<br />
<strong>950</strong> <strong>SW</strong> <strong>Scotton</strong> <strong>Way</strong><br />
Battle Ground, WA 98604<br />
4,000 +/- Square Feet<br />
0.50 Acres / 21,780 SF<br />
986056248<br />
City of Battle Ground<br />
2022<br />
Ample Shared Center Parking<br />
20’ Tall Monument Sign, with visibility<br />
from Hwy 503 & Building Façade<br />
Regional Center (RC)<br />
<strong>Scotton</strong> <strong>Way</strong> Crossing<br />
CENTER CO-TENANTS<br />
SURROUNDING RETAILERS<br />
7-Eleven with Fuel & Burger King<br />
Walmart, AutoZone, MOD<br />
Pizza, Red Robin, Wendy’s<br />
INVESTMENT HIGHLIGHTS
PROPERTY TENANT SUMMARY PHOTOS<br />
TENANT<br />
ADDRESS<br />
LEASE TYPE<br />
GUARANTOR<br />
Black Rock Coffee Bar<br />
<strong>950</strong> <strong>SW</strong> <strong>Scotton</strong> <strong>Way</strong>, Suite 100<br />
Battle Ground, WA 98604<br />
NNN (Tenant is responsible for<br />
Taxes, Insurance, CAMs, and Utilities)<br />
Black Rock Coffee Bar<br />
INITIAL TERM<br />
EXTENSION PERIODS<br />
RENT COMMENCEMENT DATE<br />
LEASE EXPIRATION DATE<br />
INITIAL BASE RENT<br />
RENT INCREASES<br />
SECURITY DEPOSIT<br />
LANDLORD RESPONSIBILITIES<br />
SQUARE FOOTAGE<br />
NUMBER OF LOCATIONS<br />
15 Years<br />
Three, 5-Year Options to Extend<br />
(10% increases each 5 years)<br />
November 05, 2021<br />
November 30, 2036<br />
$105,000 Annual / $8,750 Monthly<br />
10% Every Five Years<br />
$5,000.00<br />
None<br />
2,000 +/- Square Feet<br />
100+ in 7 States & Growing<br />
ABOUT THE TENANT: Black<br />
Rock Coffee Bar is a popular,<br />
Oregon-based boutique coffee<br />
chain, known for its premium<br />
roasted coffees, teas, smoothies<br />
and flavorful drinks. Founded<br />
in 2008, in Portland, Oregon.<br />
Rapidly expanding throughout<br />
the west and into the sunbelt,<br />
including Arizona, California,<br />
Colorado, Idaho, Oregon, Texas<br />
and Washington. Recently<br />
named the Fastest Growing<br />
Private Company in Oregon<br />
and <strong>SW</strong> Washington by the<br />
Portland Business Journal<br />
(2021). Webiste: www.br.coffee.<br />
HEADQUARTERS<br />
Scottsdale, Arizona<br />
RENT ROLL LEASE YEAR PER SF PER MONTH<br />
Years 1-5 $52.50 $8,750.00<br />
Years 6-10 $57.75 $9,625.00<br />
Years 11-15 $63.53 $10,587.50<br />
Option 1 $69.88 $11,647.16<br />
Option 2 $76.87 $12,811.33<br />
Option 3 $84.56 $14,092.53
PROPERTY TENANT SUMMARY PHOTOS<br />
TENANT<br />
ADDRESS<br />
LEASE TYPE<br />
GUARANTOR<br />
INITIAL TERM<br />
LEASE COMMENCEMENT DATE<br />
RENT COMMENCEMENT DATE<br />
LEASE EXPIRATION DATE<br />
Perfection Nails<br />
<strong>950</strong> <strong>SW</strong> <strong>Scotton</strong> <strong>Way</strong>, Suite 110<br />
Battle Ground, WA 98604<br />
NNN (Tenant is responsible for<br />
Taxes, Insurance, CAMs, and Utilities)<br />
<strong>Scotton</strong> <strong>Way</strong> Nails, LLC and Personal<br />
10 Years<br />
April 1, 2022<br />
30 Days After<br />
Store Opening<br />
March 31, 2032<br />
SCOTTON<br />
NAILS<br />
ABOUT THE TENANT:<br />
Owner Operator of the nail<br />
salon has more than 10 years’<br />
experience owning, running &<br />
managing a nail salon business.<br />
INITIAL BASE RENT<br />
RENT INCREASES<br />
SECURITY DEPOSIT<br />
$69,624 Annual / $5,802 Monthly<br />
10% Every Five Years<br />
$7,500.00<br />
LANDLORD RESPONSIBILITIES<br />
SQUARE FOOTAGE<br />
WEBSITE<br />
HEADQUARTERS<br />
None<br />
1,934+/- Square Feet<br />
www.perfectionnailsco.com<br />
Vancouver, WA<br />
RENT ROLL LEASE YEAR PER SF PER MONTH<br />
Years 1-5 $36.00 $5,802.00<br />
Years 6-10 $39.60 $6,382.20
PROPERTY BUILDING ELEVATIONS PHOTOS & SITE PLAN
NAIL<br />
SALON
MONUMENT SIGNAGE<br />
SCOTTON<br />
NAILS<br />
PERFECTION<br />
NAILS
SR 503 \ 117TH AVE<br />
21,000 +/- VPD<br />
SCOTTON WAY<br />
4,000 +/- VPD
RENT ROLL & FINANCIALS<br />
RENT ROLL<br />
TENANT LEASE YEAR PER SF PER MONTH ANNUAL<br />
BLACK ROCK Years 1-5 $52.50 $8,750.00 $105,000.00<br />
Years 6-10 $57.75 $9,625.00 $115,500.00<br />
Years 11-15 $63.53 $10,587.50 $127,050.00<br />
Option 1 $69.88 $11,647.16 $139,765.92<br />
Option 2 $76.87 $12,811.33 $153,735.96<br />
Option 3 $84.56 $14,092.53 $169,110.36<br />
NAIL SALON Years 1-5 $36.00 $5,802.00 $69,624.00<br />
Years 6-11 $39.60 $6,382.20 $76,586.40<br />
INCOME $174,624.00
LESS OPERATING EXPENSES<br />
CAMs<br />
PROPERTY TAXES<br />
INSURANCE<br />
UTILITIES<br />
MAINTENANCE<br />
Tenant<br />
Tenant<br />
Tenant<br />
Tenant<br />
Tenant<br />
TOTAL EXPENSES $0.00<br />
$174,624<br />
NET OPERATING INCOME<br />
$4,061,000<br />
SALE PRICE<br />
4.30%<br />
CAP RATE
CITY INFO AND DEMOGRAPHICS<br />
The City of Battle Ground is home to a current population<br />
of 22,180 and numerous businesses and service<br />
organizations who work together to preserve a strong<br />
sense of community.<br />
With the number and variety of shops, services, and<br />
dining opportunities in the City, Battle Ground serves as<br />
the commercial and social hub for the larger north Clark<br />
County. Located in the heart of Clark County Washington,<br />
we are just 30 minutes from Portland, Oregon, and<br />
the Portland International Airport.<br />
Battle Ground benefits from pristine surroundings while enjoying close proximity to the<br />
Portland-Vancouver metropolitan area.<br />
Our community enjoys and thrives on the abundance of natural surroundings and recreational<br />
activities. Located between the Pacific Coast and the Cascade Mountains, Battle Ground offers<br />
many parks, lakes, streams, and forested areas that provide a multitude of recreation activities.
POPULATION 2 MILE 5 MILE 10 MILE<br />
2010 POPULATION 20,442 43,432 275,960<br />
2022 POPULATION 24,961 54,613 334,820<br />
2027 POPULATION PROJECTION 27,498 60,373 368,547<br />
MEDIAN HOME VALUE $353,292 $409,296 $367,607<br />
AVERAGE HOUSEHOLD INCOME $97,253 $109,450 $100,188<br />
MEDIAN HOUSEHOLD INCOME $84,424 $94,096 $83,112
While the information provided is not guaranteed it has been obtained from sources we deem reliable. It is provided without any representations, warranty or<br />
guarantee, expressed or implied as to its accuracy. Prospective buyer or tenant should conduct an independent investigation and verification of all matters<br />
deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other Professional advisor.
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