The Offering features a long-term tenant that has operated at this location for over 25 years under a NNN lease structure, minimizing landlord obligations. Staples is the only office supply specialty store in McMinnville and benefits from a strong customer base and strategic proximity to neighboring daily-needs retail and Linfield University. Positioned at a fully signalized intersection with multiple access points, the property is highly visible from Highway 99, and is adjacent to McMinnville Town Center, the area’s dominant power center. Additionally, the lease has one remaining 5-year option that includes a rare 21% rent increase, boosting the yield nearly 155 basis points in five years, offering significant rental upside. McMinnville has a tight large-format retail market with no space over 10K SF available for lease. A national credit QSR brand has already expressed interest in a ground lease at the Subject Property. Additionally, the trade area currently lacks specialty entertainment uses, presenting further redevelopment potential and backfill possibilities.