UNITED STATES POSTAL SERVICEOFFERING MEMORANDUM // 13789 S MULINO ROAD, MULINO, OR 97042

JAMIE HARRISON415-539-1106

harrison@tcpre.com

touchstoneC O M M E R C I A L P A R T N E R S

UNITED STATES POSTAL SERVICE // 2

INVESTMENT SUMMARY

ASKING PRICE$482,757

CAP RATE7.0%

BUILDING SIZE+/- 2,135 Sq. Ft.

LOT SIZE+/- 27,000 Sq. Ft.

YEAR BUILT1992

DEALPOINTS

TAXES .............................................................................................Reimbursed

INSURANCE ...............................................................................................$688

MAINTENANCE & RESERVES ...............................................................$533

NET OPERATING INCOME ................................................................... $33,793

PORTLAND, OR25 mi. from

subject property

LEASE ABSTRACT

TENANT United States Postal Service

GUARANTOR Federal Government

ADDRESS 13789 S Mulino Road, Mulino, OR 97042

CURRENT RENT $35,014

RENT PSF $16.40/ Square Foot

LEASE TYPE USPS Maintenance RiderUSPS Tenant Reimbursement Rider

LEASE TERM March 1, 2017 - February 28, 2022

OPTION March 1, 2022 - February 28, 2027

OPTION RENT $36,722

TERMINATION None

UNITED STATES POSTAL SERVICE // 3

SURROUNDING USPS LOCATIONS

USPS: OREGON CITY, OR2

USPS: CANBY, OR1

USPS CANBYDIST: 8.8 miles

HOURS:Open 8 Hours / Day

1 USPS OREGON CITYDIST: 8 miles

HOURS:Open 8 Hours / Day

2

UNITED STATES POSTAL SERVICE // 4

1 Mile Radius 3 Mile Radius 5 Mile Radius

PO

PU

LA

TIO

NH

OU

SEH

OLD

SIN

CO

ME

10 MILE RADIUS

DEMOGRAPHICS

13789 S Mulino Road

POPULATION

116,838 44,101 $99,175HOUSEHOLDS INCOME

Estimated Population (2019) 601 3,282 16,561

Projected Population (2024) 649 3,552 17,846

Census Population (2010) 564 3,115 15,805

Census Population (2000) 477 2,958 13,310

Projected Annual Growth (2019 to 2024) 1.6% 1.6% 1.6%

Historical Annual Growth (2000 to 2019) 1.4% 0.6% 1.3%

Projected Households (2024) 240 1,299 6,439

Census Households (2010) 208 1,138 5,697

Census Households (2000) 180 1,061 4,652

Projected Annual Growth (2019 to 2024) 1.3% 1.4% 1.3%

Historical Annual Growth (2000 to 2019) 1.3% 0.8% 1.6%

Estimated Average Household Income (2019) $74,492 $94,873 $100,456

Estimated Median Household Income (2019) $63,270 $79,012 $79,849

2019 Estimated Per Capita Income $27,849 $35,182 $36,782

UNITED STATES POSTAL SERVICE // 5

TENANT PROFILE

The United States Postal Service employs some 617,000 workers, making it the third-largest civilian employer in the United States behind the federal government and Wal-Mart. In a 2006 U.S. Supreme Court decision, the Court noted: “Each day, according to the Government’s submissions here, the United States Postal Service delivers some 660 million pieces of mail to as many as 142 million delivery points.” As of 2014, the USPS operates 31,000 post offices and locations in the U.S., and delivers 155 billion pieces of mail annually.

In October 2016, the Postal Service released Future Ready, a five-year plan required by law starting in 1993. The plan outlines the Postal Service’s goals for the next five years.

1. Deliver a world-class customer experience.2. Equip, empower, and engage employees.3. Innovate faster to deliver value.4. Invest in our future platforms. 24 HOURS

PER DAY

DAYSPER YEAR365

OVER 500KCAREER EMPLOYEES

OVER 31,000ACROSS 50 U.S. STATES

180AND CONTINENTS

OVER COUNTRIES

5

$70.6 BIL.MADE IN 2018

GROWTH

WORLDWIDE

OPERATIONS

REVENUE

LOCATIONS

UNITED STATES POSTAL SERVICE // 6

Touchstone Commercial Partners presents 13789 S Mulino Road, Mulino, OR 97042 (“Property”) for your acquisition. Touchstone Commercial Partners and owner provides the material presented herein without representation or warranty. A substantial portion of information was obtained from sources other than actual knowledge and not all sources can be absolutely confirmed. Moreover, all information is subject to changes by the parties involved as to price or terms before sale, to withdrawal of the Property from the market, and to other events beyond the control of Touchstone Commercial Partners or owner. No representation is made as to the value of this possible investment other than hypothetical scenarios. It is encouraged that you or any of your affiliates consult your business, tax and legal advisors before making a final determination of value or suitability of the Property for acquisition. As a condition of Touchstone Commercial Partners’ consent to communicate the information contained herein–as well as any information that may be communicated to you subsequently either verbally or in writing by Touchstone Commercial Partners, owner or agents of either of these parties regarding the Property–it is required that you agree to treat all such information confidentially.

UNITED STATES POSTAL SERVICE13789 S MULINO ROAD, MULINO, OR 97042

JAMIE HARRISON415-539-1106

harrison@tcpre.comCA BRE #01364847

touchstoneC O M M E R C I A L P A R T N E R S

OFFERING MEMORANDUM