Tenant:  Taco Bell. Taco Bell Corp., based in Irvine, Calif., is the nation's leading Mexican-style quick-service restaurant chain serving tacos, burritos, signature Quesadillas, Border Bowls®, nachos and other specialty items. Today, Taco Bell serves more than 35 million consumers each week in more than 5,500 restaurants in the U.S. In 1978, Bell sold his 868 Taco Bell restaurants to PepsiCo. In October of 1997, PepsiCo spun-off KFC, Pizza Hut and Taco Bell thereby forming Tricon Global Restaurants Inc., the world's largest restaurant company in terms of system units. Yum! Brands Inc., based in Louisville, Kentucky, is the world's largest restaurant company in terms of system restaurants with more than 35,000 restaurants in more than 110 countries and territories. Four of the company's restaurant brands - KFC, Pizza Hut, Taco Bell and Long John Silver's - are the global leaders of the chicken, pizza, Mexican-style food and quick-service seafood categories respectively. Yum! Brands is the worldwide leader in multibranding, which offers consumers more choice and convenience at one restaurant location from a combination of KFC, Taco Bell, Pizza Hut, A&W or Long John Silver's brands. The company and its franchisees today operate over 3,800 multibrand restaurants worldwide. Outside the United States in 2006, the Yum! Brands' system opened about three new restaurants each day of the year, making it one of the fastest growing retailers in the world. In May of 2002, Tricon Global Restaurants, Inc. acquired Long John Silver's and A&W Restaurants to accelerate the Company's multibranding strategy and drive global growth by offering consumers two brands and more choice in one restaurant. The Company changed its name to Yum! Brands, Inc. from Tricon Global Restaurants, Inc., to reflect its expanding portfolio of brands and its ticker symbol on the New York Stock Exchange (NYSE: YUM).

Location:  The subject property has a top location near a new retail center adjacent to a high-growth area. New Walgreens next door was completed October, 2008. It is located at a signalled intersection with traffic counts exceeding 40,000 Vehicles Per Day. In the immediate vicinity a 318-acre Master-Planned Community accommodating between 1,423 and 1,779 new housing units (approximately 5,000 residents), new elementary and middle schools, ample parks and open spaces, and a mixed-use component. Approximately 12,815 Daily Automobile Trips are planned to and from this location.  A nearby developing community  is to include 2,330 acres of housing, office/retail, public facilities (schools, hospitals, etc.), and green space. The property is surrounded by significant residential density with approximately 87,000 residents within a 3-mile radius; approximately 30,300 within a 1-mile radius. In this area, new urbanism creates a vibrant, fast-growing community. This location has experienced dramatic change with the arrival of high-technology companies and an expanding population. The leading industry is semiconductor manufacturing. Intel Corporation and other high-technology leaders have attracted supplier and service companies to this fast-growing industrial/business segment of the Portland, Oregon marketplace. The area boasts affordable, serviced industrial land and buildings, Class A office space, and office/flex complexes. An aggressive community development vision will bring explosive housing and commercial development growth. The population in a 1 mile radius is 30,300 and 87,000 in a 3 mile radius. The median household income is $53,300

Price:  $1,100,000 ($404.71/s.f, 6.00% cap)

Building Area:  2,718 s.f.

Land Area: 0.61 acres

Year Built:  2008

Parking:  30 on-site spaces

Ground Lease Details:  20 year NNN Ground Lease (no landlord responsibility) that began in November 2008 at an annual rent of $65,697 ($24.17/s.f.) with 10% increases every 5 years. There are three 5 year renewal options

Remark:  Tenant has right to match sale offer. Tenant has the right to cancel with $100,000 payment. Building owned by Lessor at end of term.

Contact: lrec@lrec.ca