240 Northwest Burnside Road, Gresham, OR 97030

• Red Lobster; Single-Tenant Absolute NNN

– The world’s largest seafood casual dining chain, with 545 U.S. locations across 44 states and four

Canadian provinces

– 35-year operating history at this location (since 1991); executed a new 15-year lease in 2021, with 10

years remaining on the current term

– Renovated in 2023

– Strong reported gross sales; ranks near the top in chain performance

– 2% annual rent increases

– #1 of 5 most visited Red Lobsters in Oregon; top 15% in the chain nationwide, per Placer.ai

– “#45 Top 500 Largest U.S. Restaurant Chains” - Restaurant Business (2025)

• Pad to Wunderland: A state-of-the-art European-designed electric go-kart racing venue featuring banked turns, top-rated laser tag, a theater, and more than 100

modern and nostalgic arcade games, all operating on a nickel-based pricing model

– Raising Cane’s benefits from strong customer synergy with Wunderland, which draws families from the surrounding trade area and drives consistent crossshopping

traffic to the center

• Exceptional Market & Trade Area Fundamentals

– Dense Portland MSA location; Gresham is the 4th most populous city in Oregon and the 2nd largest city

in the Portland MSA, with approximately 110,000 residents and a median household income of $78,000

– Approximately 235,000 residents with an average household income of $100,000 within a 5-mile radius

– 34% of households have children under 18, the core demographic for Wunderland’s entertainment

concept and the center’s family-service tenant mix

– The Portland MSA supports a $218 billion economy that has grown 59% over the past decade,

anchored by Nike, Intel, Providence Health & Services, and Oregon Health & Science University;

Portland is known as the “Silicon Forest” for its concentration of technology, advanced

manufacturing, apparel, bioscience, clean tech, and healthcare employers

– Fronts Burnside Road, the main retail thoroughfare connecting suburban Gresham to downtown Portland, at a signalized intersection with

50,000 cars per day

– Adjacent to Gresham High School (1,600 students)