Description

• Two-Tenant Income, Diversified Reset Dates: December 2030 and November 2027 lease renewal dates.
• Signalized Forest Grove Corner: Signage on a street intersection averaging ± 16,500 VPD.
• Entitled Redevelopment Optionality: ± 22,365 SF underutilized land on site. Two MD Architect schematic plans on file.
• Leave-Behind Soft Costs: Ownership already absorbed approx. $96,000 in architectural and engineering work.
• Recent Capital: Vet building re-roofed approximately 2023. Phase II ESA on file; asbestos sampling negative — no additional Phase I required.
• Forest Grove Growth Story: ZIP 97116 population up 11.4% (2011–2020). 1-mile average household income $86,354. Washington County retail vacancy 4.7%; Westside Outlying submarket 2.6%.