Hazel Dell Square

Vancouver, WA grocery-anchored

High visibility freeway Retail7604-7607 NE 5th Avenue, Vancouver, WA 98665[ www.CapitalPacific.com ]

Natural Grocers signs to be installed

CONFIDENTIALITY AGREEMENT: CLICK HERE TO EXECUTE AND DOWNLOAD FULL PACKAGE

The offering provides the opportunity to acquire a “best of class” institutional quality grocery-anchored shopping center, built in 2007

and located within the Portland Metropolitan Area. Hazel Dell Square is 98% occupied and is anchored by Natural Grocers (NYSE: NGVC) (grocer with

70+ locations) and LA Fitness.

The balance of the Property features a strong mix of national and regional tenants with a limited supply of shops and pads. The Property offers prominent highway visibility and convenient direct access off Interstate 5, the major north-south interstate that connects Vancouver to Portland and Seattle. Hazel Dell Square is one of the few true grocery-anchored freeway retail properties within the City, and this location benefits from traffic counts of 111,000 vehicles per day.

OFFERING PROCESS:

Hazel Dell Square is being offered for sale unpriced. All investors should base their offer on an “As-Is, Where Is” condition. Electronic due diligence is available following execution of a confidentiality agreement.

Property tours must be arranged through Capital Pacific, LLC. Please contact Suji Patel at (503) 675-8377 or spatel@pdx.capitalpacific.com.

HAZEL DELL SQUARE IS AN 85,766 SQUARE FOOT GROCERY ANCHORED SHOPPING CENTER LOCATED AT THE CONFLUENCE OF NE 78TH STREET AND INTERSTATE 5 IN VANCOUVER, WASHINGTON.

Investment Highlights

PURCHASE PRICE . . . . . . . . . .Unpriced

PROFORMA NOI . . . . . . . . . . . .$1,868,281

ARGUS YEAR ONE NOI . . . . . .$1,884,979

RENTABLE SF . . . . . . . . . . . . . .85,766 SF

LAND AREA . . . . . . . . . . . . . . .7.95 Acres

YEAR BUILT . . . . . . . 2007

ANCHORS . . . . . . . . . Natural Grocers & LA Fitness

PARKING . . . . . . . . . . 499 (5.8/1,000 SF)

DEBT . . . . . . . . . . . . . Free and Clear

HAZEL DELL SQUARE | 2

Core Characteristics

<< NE 78TH STREET >>

translates toEASY ACCESS AND

VISIBILITY

STRONG ANCHOR DRAW

Hazel Dell Square is anchored by Natural Grocers which is a well-capitalized publicly traded grocery chain with no debt (according to the most recent financial report on file with the SEC) and more than 70 locations in 13 states. The shopping center is co-anchored by a high-performing LA Fitness, which is reported to be one of their strongest locations.

Strong anchor draw drives repeat customers and maintains high occupancy while creating stability of income with opportunity for growth.

PRIME RETAIL LOCATION

Hazel Dell Square is located at the confluence of NE 78th Street and Interstate 5 which is the prime retail location within this desirable sub-market, and offers unsurpassed north and south bound visibility from Interstate 5. The west side of Interstate 5 is the newer and more desirable location for retailers looking to access the sub-market’s growth and the area’s more affluent housing. This intersection, and the Salmon Creek sub-market one exit to the north, houses newer high quality retail yet there are few, if any, remaining undeveloped commercial sites in the area.

The subject Property fronts more than 900 feet on NE 78th Street and is encompassed by NE Hazel Dell Avenue to the west, and NE 74th Avenue to the east. This is a highly trafficked location with combined counts in excess of 111,000 vehicles per day.

THE PROPERTY FRONTS 900 FT ON NE 78TH ST

HAZEL DELL SQUARE | 3

Core Characteristics Cont.

<< NE 75TH AVE >>

STABLE INCOME STREAM

The Property has a stable income stream due to more than 70% of the center being leased to strong credit tenants and non-cyclical anchors. Additionally, due to the tenant mix of the shopping center, there is little exposure, if any, to internet risk or sales tax risk as much of the retail uses are “experiential” or otherwise not a store that consumers would forgo to purchase online or purchase across the river in Portland to avoid paying sales tax.

ORIGINAL OWNERSHIP

The property was built in 2007 by a joint venture between Gramor Development and CE John. They recognized the growing demand for retailers to get in to the Hazel Dell market and immediately identified the subject site due largely to its rare freeway visibility. The site and the quality of the real estate is recognized as one of the most prominent retail projects in Vancouver.

STRONG DEMOGRAPHICS

Hazel Dell Square draws from a large trade area that spans north up to the Ridgefield area, south to the OR/WA border and the westernmost areas of Clark County, and draws from a population of 96,614 and average household incomes of $76,419. Hazel Dell Square is uniquely positioned as the first retail cluster accessible by the high demographic residential area located immediately to the west

translates toSTABLE INCOME

STREAM

NON-CYCLICAL ANCHORS &

STRONG CREDIT TENANT MIX

HAZEL DELL SQUARE | 4

About the Developers

ABOUT GRAMOR DEVELOPMENT

Since 1985 Gramor Development has become synonymous with quality mixed-use retail properties throughout the Portland Metropolitan market and Vancouver, WA.

OTHER PROJECTS BY GRAMOR DEVELOPMENT

In creating consensus and gathering input from local sources before moving forward, Gramor Development has established a top-notch reputation with local planners, designers, architects, policy makers, developers and local officials, with the goal of completing a commercial real estate development that is uniquely suited for a particular location.

OTHER PROJECTS BY CE JOHN

CE John has completed a wide range of projects, from large lifestyle centers like Cedar Hills Crossing to LEED-certified, urban mixed-use projects like the Benevento.

ABOUT CE JOHN

CE John specializes in commercial & mixed-use development, sustainable development, architectural design and property acquisition.

With the motto “Our clients are our friends and partners” CE John’s leasing and management side has earned a reputation of maintaining properties for the long haul and treating tenants like partners.

55+ Over 55 commercial real estate developments totaling some 4,000,000 square-feet and valued at nearly $750,000,000.

More Info

THE PROPERTY WAS BUILT IN 2007 BY A JOINT VENTURE BETWEEN GRAMOR DEVELOPMENT AND CE JOHN

CEDAR HILLS CROSSING

More Info

THE BENEVENTO

More Info

LACAMAS CROSSING

More Info

PROGRESS RIDGE

More Info

LAKE VIEW VILLAGE

More Info

205 PLACE More Info

HAZEL DELL SQUARE | 5

Site Five buildings located on five parcels: controlling all of the pad buildings is unique and provides flexibility to ownership to partition and sell off individual pads and lower the overall basis.

PAD BUILDINGS INCLUDED

click here

WALKING TOUR

NE 78th STREET

I-5

ONRA

MP

30,000 DAILY

81,000 DAILY

5PORTLAND

Future Natu ral

Grocers Space

Black Rock Coffee Drive-Thru Buffalo Wild

Wings

LA Fitness

HAZEL DELL SQUARE

HAZEL DELL SQUARE | 6

Site Plan

5

81,000 VPD

SITE PLAN KEY

PARCELS (5):

LAND AREA: 7.95 Acres

BUILDING AREA: 85,766 SF

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NE 78th Street

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30,000 VPD

NE 76th Street

NE Hazel Dell Avenue

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Easy access & excellent visibility from interstate 5

Patti’s Card Shop (Hallmark) and

Sun’s Up Tanning are relocating for

Natural Grocers to move into space.

Sun’s Up Tanning relocating here

Hallmark relocating here

HAZEL DELL SQUARE | 7

THE CAPITAL PACIFIC EXPERIENCE - OUR DAILY COMMITMENT TO OUR CLIENTS[ www.CapitalPacific.com ]

MICHAEL HORWITZmhorwitz@capitalpacific.com | (503) 675-8381

PETER DUNNpdunn@capitalpacific.com | (503) 607-0197

KEVIN ADATTO kadatto@capitalpacific.com | (503) 675-7726

SCOTT FRANK sfrank@capitalpacific.com | (503) 675-8383

BAYLOR GORDON bgordon@capitalpacific.com | (206) 457-8960

SEAN MACK smack@capitalpacific.com | (503) 675-8378

SEAN TUFTS stufts@capitalpacific.com | (206) 743-8468

CONFIDENTIALITY AGREEMENT: CLICK HERE TO EXECUTE AND DOWNLOAD FULL PACKAGE

click here

WALKING TOUR