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Published by: Chad Plaster on Sep 26, 2011
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NNN Investment Opportunity

Van Mall Court - 9414 NE Fourth Plain Boulevard - Vancouver, WA

10-Year NNN Leased Investment 100% Leased to Rehab/Medical Center

For Sale
$3,500,000 / 7.4% Cap Rate
Royal Oaks Country Club (Private)

The Timbers Medical / Office Complex

V AN M ALL C OURT

Fo u

rth

Pla

in

Bo ule va rd

OffRamp

MAJ
Development

MAJ Development, LLC - Michael A. Jenkins
1500 “D” Street | Vancouver, Washington 98663 Phone: 360-823-5102 | Fax: 360-823-1102 | Email: MikeJ@CBCWorldwideNW.com

Van Ma ll D rive
tor ac pr iro Ch

Jenkins 1500 “D” Street | Vancouver. Purchase Overview Sales Price: $3.NNN Investment Property Overview NNN Investment Property Overview For Sale Van Mall Court is located in Northeast Vancouver at the hard corner intersection of Van Mall Drive and NE Fourth Plain Boulevard.000+ SF expansion to begin Fall.222 $68.Complete facade remodel and 250. Therapy & Urgent Care Clinic Triple Net (NNN) Lease 10-Years Fully Leased (10.4% Tenant: Lease Type: Lease Term: Available SF: Lease Rate: Annual Rent: Lease Increases: Purchase Rights: 5-Mile Radius Demographics Demographics 2007 Total Population % Population Change 2007-2012 2007 Households 2007 Average Household Income 2007 Median Household Income 2007 Per Capita Income 5-Mile 234.750 $56. Washington 98663 Phone: 360-823-5102 | Fax: 360-823-1102 | Email: MikeJ@CBCWorldwideNW.Michael A. I-205. LLC .060 SF) $25.2007-2012 . 2009. Andresen Road. WA 98682 CG (General Commercial) 0.503 $25. Vancouver.81M Property Overview Total Project SF: Trade Area: Address: Zoning: Land Size: Parking: Parking Ratio: Signage: Year Built: 10. Thurston Way and Van Mall Drive. Access to the area is available from SR-500.640 SF 40 Spaces 4 per 1. Increasing to Over 1.91 Acres / 39.New.045 2% Annual Increases Tenant has right to Purchase in year 1-3 for $3.7M.000 RSF Per City of Vancouver Code Spring.500.000 Cap Rate: 7. MAJ Development MAJ Development. in year 4-5 for $3.75/SF + NNN $259.979 Vancouver Rehabilitation.55% 88. This was the last retail pad site to Westfield Shoppingtown creating barriers to entry for this trade area.000 SF Expansion Planned in 2009 Trends -.031 2. 2009 2007 Households by Income y Anchor Tenant: Westfield Shoppingtown • • 940. 16-Plex Digital Theatre to be located at former Mervyn’s . • Located in Van Mall neighborhood which encompasses 200 square blocks and is considered the commercial and retail hub of Vancouver.000 SF Regional Mall.2 million square feet in Fall of 2009 Additional 251.com .060 SF Westfield Shoppingtown Mall 9414 NE Fourth Plain Blvd.

Michael A.9414 NE Fourth Plain Boulevard . WA Van Mall Court 10.com .060 SF In-Line Retail . Jenkins 1500 “D” Street | Vancouver. Washington 98663 Phone: 360-823-5102 | Fax: 360-823-1102 | Email: MikeJ@CBCWorldwideNW.Vancouver.100% Leased V AN M ALL C OURT N A OU OURT U MAJ Development MAJ Development. LLC .

Oregon. LLC . Jenkins 1500 “D” Street | Vancouver. a 940. The Cascade Cascade Mountain Range rises on the east. Washington D. an area of approximately 200 square blocks. The Pacific Coast is less than 90 miles to the west. The major employers are Southwest Washington Medical Center.Michael A.. The spectacular Columbia River Gorge National Scenic Area lies 30 minutes to the east. Helens National Volcanic Monument and Mt. Van M ll C t i shadow-anchored b W tfield Sh Mall Court is h d h d by Westfi ld Shoph pingtown. or Atlanta.9414 NE Fourth Plain Blvd.800 people and growing. Mount St.C. Evergreen School District. the oldest city in Washington. Summer temperatures generally climb into the 80s. Proposed redevelopment would bring the mall’s total square footage to over 1 million square feet. Clark County’s population is over 430.000 SF regional mall. Hood are less than two hours away. WA 98682 Area Information Vancouver. primarily consisting of several new office building projects and hotels. Vancouver. V AN M ALL C OURT N A OU O U RT Front Elevation AN EXCLUSIVE DEVELOPMENT OFFERING FROM MAJ Development.10-Year NNN Investment Opportunity Van Mall Court . Van Mall Court is located at a main. Washington 98663 Phone: 360-823-5102 | Fax: 360-823-1102 MAJ Development . Winter nights fall below 30 degrees fahrenheit. located in Clark County. The site lies within the Van Mall neighborhood. Average annual snowfall is 6. Vancouver School District & Hewlett-Packard. It is the 3rd fastest growing county in the state of Washington growing over 17% from 2000-2005. lighted intersection on 4th Plain Boulevard at the I-205 South off-ramp. Vancouver. has a population of approximately 154. The area has experienced steady growth. Vancouver combines the excitement of a major metropolitan area with small-town charm and abundant recreational opportunities. and is considered the commercial and retail hub of Vancouver.000. Seasons are distinct. Vancouver enjoys mild weather with less average annual rainfall than Boston.5 inches & the growing season is 218 days. sits on the north bank of the Columbia River directly across from Portland.

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