for sale tanasbourne valvoline · 2018. 9. 10. · beaverton is one of the economic centers for...

TANASBOURNE VALVOLINE 2055 NW Town Center Drive, Beaverton, OR 97006

Ryan Imbrie | Managing Director [email protected] O: 503.208.9403 | M: 503.705.7352

Property Highlights

• New Fifteen (15) Years Lease, 10% Bump Every Five (5) years

• Situated near National Tenants

• Easy Ingress and Egress

• Excellent Visibility

• Conveniently Located near Highway 26

FOR SALE

All SVN® Offices Independently Owned and Operated

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

www.svnimbrie.com

TANASBOURNE VALVOLINE Beaverton, Oregon

PROPERTY INFORMATION



PROPERTY OVERVIEW | TANASBOURNE VALVOLINE| RETAIL | BEAVERTON, OREGON

Investment Overview

Sale Price: 2,052,000

Price per SF: $572.54

NOI: $118,032

Cap Rate: 5.75%

Lot Size: 0.74 Acres

Building Size: 3,584 SF

Year Built: 1996

Submarket: Tanasbourne

Zoning: C-1



PROPERTY DESCRIPTION

The subject property is located in the Tanasbourne Town Center,

the largest open-air community center in the Portland MSA.

Many large corporations are located in the area including Nike,

Fujitsu, NEC, Toshiba and Intel. Hillsboro, Oregon has old

fashioned charm, yet is only 20 minutes away from the big city

amenities of Portland. It offers a variety of parks, fairs, historical

places and rural beauty that can appeal to any visitor's taste.

Hillsboro is the government seat of Washington County, a fast-

growing area of Oregon.

TRAFFIC DATA

Collection Street Cross Street Traffic Vol Year

NW Cornell Rd NW Town Center Dr E 19,048 2016

NW 185th Ave NW Cornell Rd Eb S 35,364 2016

NW Evergreen Pkwy NW Town Center Dr NW 10,749 2015

NW Evergreen Pkwy NW Town Center Dr NW 10,542 2016

NW 188th Ave NW Cornell Rd S 1,596 2016

PARCEL MAP | TANASBOURNE VALVOLINE| RETAIL | BEAVERTON, OREGON



Subject Property

AERIAL MAP | TANASBOURNE VALVOLINE| RETAIL | BEAVERTON, OREGON



Subject Property

NW Cornell Road

NW

18

5th

Ave

nu

e

NW

18

8th

Ave

nu

e

NW

18

5th

Ave

nu

e

TANASBOURNE TOWN CENTER SITE MAP | TANASBOURNE VALVOLINE| RETAIL | BEAVERTON, OREGON



Subject Property

LOCATION MAP | TANASBOURNE VALVOLINE| RETAIL | BEAVERTON, OREGON



Subject Property

TANASBOURNE VALVOLINE Beaverton, Oregon

DEMOGRAPHICS & MARKET RESEARCH



ABOUT VALVOLINE | TANASBOURNE VALVOLINE| RETAIL | BEAVERTON, OREGON

Valvoline Inc. (NYSE:VVV) is a leading worldwide producer and

distributor of premium branded automotive, commercial and

industrial lubricants, and automotive chemicals. Valvoline ranks as

the #2 quick-lube chain by number of stores and #3 passenger car

motor oil brand in the DIY market by volume in the United States.

The brand operates and franchises more than 1,070 Valvoline

Instant Oil Changes centers in the United States. It also markets

Valvoline lubricants and automotive chemicals; Maliseet lubricants

created for higher-mileage engines, Sun Power synthetic motor oil;

and ZerexTM antifreeze.

PORTLAND METRO VALVOLINE LOCATIONS

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ard

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V

AVAILABLE PROPERTIES

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All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

Beaverton is a city in Washington County,

Oregon. The city center is 7 miles west of

downtown Portland in the Tualatin River Valley, it

the second-largest city in Washington County and

Oregon's sixth-largest city.

In 2010, Beaverton was named by Money magazine as one of the 100 "best

places to live", among smaller cities in the country. Along with Hillsboro,

Beaverton is one of the economic centers for Washington County, home to

numerous corporations in a variety of industries.

As part of the Silicon Forest, Beaverton is the home to numerous technology

organizations and companies. It is also home to the Oregon Technology

Business Center (OTBC), a non-profit tech startup incubator that hosts

networking events and entrepreneurship programs and offers coaching and

shared office space to local venture.

$363,400

Median Home Value

95,385

2016 Population

$59,035

Median Household

Income

8.7%

Population Increase

(2010-2016)

ABOUT THE CITY OF BEAVERTON | TANASBOURNE VALVOLINE| RETAIL | BEAVERTON, OREGON

TANASBOURNE TOWN CENTER | TANASBOURNE VALVOLINE| RETAIL | BEAVERTON, OREGON

All SVN® Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

A 569,965 sf retail property located in Washington

County at Sunset Hwy (US 26) & NW 185th Ave in

Portland, OR. Tanasbourne Town Center serves the

affluent community of Hillsboro in the Portland MSA.

The center offers great visibility from US Route 26,

and is located near several major employers, which

provide substantial day-time traffic.

TANASBOURNE TOWN CENTER

Subject Property

DEMOGRAPHICS | TANASBOURNE VALVOLINE| RETAIL | BEAVERTON, OREGON



DEMOGRAPHICS DATA

1 mile 2 miles 3 miles

Total Households 7,988 26,797 49,177

Total Population 19,133 67,123 126,035

Persons per Household 2.4 2.5 2.6

Average Household Income $72,882 $78,071 $77,671

Average House Value $265,059 $283,271 $295,428

Average Age 32.6 32.8 32.9

Average Age (Male) 31.8 32.0 32.1

Average Age (Female) 33.7 33.5 33.5

DISCLAIMER | TANASBOURNE VALVOLINE| RETAIL | BEAVERTON, OREGON

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be

used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written

consent of the SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other

person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the

person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information

contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property.

This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be

correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for

representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication

transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to

it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor

any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this

Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole

discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate

negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity

reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate

Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have

acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such

correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective

purchaser proceeds at its own risk.



Lincoln Tower

10260 SW Greenburg Road, Suite 530

Portland, OR 97223

ph: 503.208.9400

www.svnimbrie.com



Ryan Imbrie | Managing Director

[email protected]

O: 503.208.9403 | M: 705.7352

for sale tanasbourne valvoline · 2018. 9. 10. · beaverton is one of the economic centers for...

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