Aveda Institute Portland 6615 NE Fourth Plain Blvd 18,729 SF Office Building Vancouver, WA 98661 $4,235,000 ($226.12/SF) 7.52% Cap Rate

Marcus & Millichap is pleased to present the exclusive opportunity to acquire the Aveda Institute located at 6615 NE Fourth Plain Boulevard in Vancouver, Washington. The Property is leased to Aveda Institute under a recent 10-year Triple Net (NNN) lease extension featuring approximately five years remaining on the initial term, two five-year renewal options, and 2.5% annual rental increases, providing investors with stable cash flow, contractual income growth, and minimal landlord responsibilities. Aveda Institute has successfully operated from this location since 2013 and has served the Portland/Vancouver market since 2006, demonstrating a long-standing commitment to the region. The campus maintains an average enrollment of approximately 115 students and serves as the tenant's Vancouver location, reinforcing the Property's importance within its overall operations. Significant tenant investment in specialized classrooms, salon space, laboratories, and student training facilities has created a mission-critical educational facility with meaningful replacement costs and high barriers to relocation. Strategically positioned along NE Fourth Plain Boulevard, one of Vancouver's primary commercial corridors, the Property benefits from excellent visibility, strong traffic counts, convenient accessibility, and surrounding residential density. Clark County continues to experience steady population growth, employment expansion, and residential development, with average household incomes exceeding $103,000 within a five-mile radius, supporting long-term demand for educational and service-oriented real estate. Constructed in 2001 and renovated in 2014, the Property has been well maintained and features a durable metal roof, providing lasting utility for future ownership. Offered at approximately $225 per square foot, the Property presents investors with the opportunity to acquire a specialized educational asset below today's estimated replacement cost while benefiting from stable in-place cash flow backed by a proven operator with nearly two decades of regional operating history.