1810 PIONEER PKWY W Springfield OR 97477-3919

100% LEASED STARBUCKS AND XFINITY RETAIL CENTER

THE OFFERING provides the opportunity to acquire a 100% occupied center leased to two national tenants, Starbucks and Xfinity. The property was significantly renovated over the last two years with new leases to Starbucks in 2020, and Xfinity in 2022. Located on the busy Pioneer Parkway West in Springfield, the center is surrounded by national retailers including Walgreens, Safeway, and Fred Meyer, and 72,871 households within 5 miles.

• 100% leased to two nationally recognized tenants, Starbucks (S&P: BBB+) and Xfinity (operated by Bridge Locations).

• Starbucks signed a 10-year lease beginning in 2020, and Xfinity signed a new 5-year lease starting July 2022.

• Both tenants are on NNN leases with 10% rent increases every 5 years.

• The Starbucks space features a drive-thru.

• Prime retail corner at the signalized intersection of Q Street and Pioneer Parkway W.

• Great access and visibility from SR 126 and less than one mile from Interstate 5.

• Located adjacent to a Walgreens Drug Store and across the street from a Safeway Anchored shopping center.

• Dense residential surrounding with 72,871 households within 5 miles.

High visibilty, high traffic location at the signalized intersection of Q Street and Pioneer Parkway W. in Springfield. Ample Parking

Excellent access and visibility from I-105/ HWY 126 (48,200 VPD). Less than one mile east of I-5.

Anchored by Starbucks and shadow anchored by Walgreens and Safeway / Pioneer Plaza Shopping center across the street

Starbucks: 9 Years remaining on initial term. Xfinity: New, 5 year lease.

Total NOI: $188,180 Cap Rate: 4.7%

Sale Price: $4,000,000

• Corporate Guaranteed Tenants
• 4.7% Cap Rate with 10% increases every five years
• Landlord responsible for roof and structure only