Thirsty Lion Gastropub 10205 SW Washington Square Rd 7,125 SF Retail Building Portland, OR 97223 $6,615,000 ($928.42/SF) 5.75% Cap Rate

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INVESTMENT HIGHLIGHTS

Recently-Extended Net Lease | ±10.9 Years of Term Remaining | 10% Rent Increase in 2031 & in Each of the Two, 5-Year Renewal Options
Excellent Access & Visibility | SW Greenburg Road (11,297 VPD) | SW Beaverton Tigard Freeway (107,854 VPD)
Over 5,720 Households & 2,460 Multifamily Units Within 1 Mile

Original Location with Excellent Performance | Maintained a Rent-to-Sales Ratio Below 5.0%
Outparcel to the 1.3 MSF Washington Square Center | 1.7M visitors across 5.2M visits over the past 12 months (Placer.ai)
Less Than 7 Miles from Downtown Portland | Portland, OR MSA (MSA Population: 2.59M+)

EXECUTIVE SUMMARY

The CBRE Net Lease Property Group is pleased to offer for sale the 7,125-square-foot Thirsty Lion Gastropub situated on 2.75 acres in Portland, OR (MSA Population: 2.59M+). Previously set to expire in 2030, Thirsty Lion’s net lease was recently extended for an additional 5 years years through 2035 and now features ±10.9 years of term remaining with a 10% increase in 2031 and in each of the two 5-year renewal options. The subject property is the original Thirsty Lion Gastropub that fueled the concept’s expansion to now include 13 locations throughout Arizona (5), Colorado (1), Oregon (2) and Texas (5).