Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Aveda Institute in Vancouver, Washington. A new 5-year NNN lease will be signed at closing, featuring 2.5% annual rent increases and minimal landlord responsibilities. Aveda Institute has operated from this location since 2013 — nearly 15 years — serving the Portland/Vancouver region for over 20 years, with average enrollment of approximately 115 students. The property serves as Aveda's Vancouver campus with specialized classrooms, salon space, laboratories, and student training facilities, representing a mission-critical location for the tenant's long-term operations. The hands-on, state-licensed vocational programs require in-person attendance, making the use resistant to e-commerce and AI disruption. Constructed in 2001 and renovated in 2014 with a durable metal roof, the property is well-maintained and offered at approximately $226/SF — below estimated replacement cost. Prominently positioned along NE Fourth Plain Boulevard with 35,000+ VPD, one of Vancouver's primary commercial corridors, the property benefits from excellent visibility and convenient access surrounded by established retail and dense residential neighborhoods. Clark County continues to benefit from steady population growth and employment expansion, with 271,000+ residents within five miles, average household incomes exceeding $103,000, and 4%+ population growth over the past five years. Washington's lack of state income tax further enhances after-tax returns.