Poulsbo Packet 3.28.23 v. 1

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Evergreen GoodwilI® OF NORTHWEST WASHINGTON

POULSBO

Prepared by:

Derieontay Sparks: SVP of Retail Operations, Marketing and Communications

Site Name: Property Address:

Poulsbo 21800 College Market Place NW Poulsbo, WA 98370

!4/1/2023

Lease Date:

!Estimated= Office Max move out 3/1/23

Rent Commencement Date: !1/1/2024 ! opening of Business,

C of 0, or 9 months outside date !12/31/2043 l including all options 2,902 sq.ft.

Termination Date:

Drive Thru donations Retail Store

Rentable Area #101: Rentable Area #300:

18,082 sq.ft. 20,984lsq.ft.

total 43,157 total sq. ft. estimated center/ prorated share of common areas

39.26%

Tenant's Prorated Share:

Period of Term (M)

Date to

Date

$PSF

Annu

Base Rent: {Section 3.2) Initial Term

Mnth

$16 Before 12/1 or after Xmass 1/1? $18 $19

1/1/2024 12/31/2028 $27,978.67 $335,744.00 1/1/2029 12/31/2033 $30,776.53 $369,318.40 1/1/2034 12/31/2038 $33,854.19 $406,250.24

60 60 60 60

1st option 2nd option

1/1/2039 12/31/2043

''fair market"

Lease Term:

120 NNN

Initial Term

Operating Expenses: Security Deposit: Prepaid Rents: Landlord/ Notice Address:

Initial Term CAM's

s10,492.oo I s12s,904.oo 1

$6.oo 1

5% cap for controllable apex year over year $0 $38,470.67 1 month rent+ 1 month CAM College Market Place, LLC 10708 Main Street, Suite 403 Bellevue, WA 98004 $10 PSF As is-where is

$209,840 Total Tl

Landlord Tl Allowance: Landlord Work: Provisions:

1) Retail and donations are two physically separated spaces, 101 and 300 2) Exclusive right to thrift store in center where premises is located. 3) Ability to park two pup trailers behind donation building #101 4) OfficeMax turns the building back on March 1 st. 5) Tl reimbursement with construction lien releases and C ofO None

Right of First Refusal:

------- - -------- �---------------"",, .-- - '

I JACKSON I MAIN A �, �\� ,\ ; 5t T /11� [

______/ •- M AR K ET PN W ____ _________ _ _

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\II" 1'!'.''ll{fl,'

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PROPOSED LOADING AREA

0 0 0 ('.)

GOODWILL RETAIL

...,. I l

� ' I : 1 I , : I

�- •

z w w 0:::

EXISTING BUILDING NOT IN SCOPE

('.) 0:::

DONATION

I :

w w >

CENTER

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1 ! i \I \ ! !-1--'----,.J--------.,_____________...____________.. ,.,.{ j

0 s: z ::::) w 0 a.. a.� w...'.i �� W....1 ffi� fl'. - 0 O::J �o W('.) N 0. uo :'.)M z

DONATION DROP OFF • CANOPY

=� i

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..........................................................r

� �!�: Plan

EXIT EXIT

LEGEND

ENTRY

LOADING LOOP

DONATJON LOOP

,1••··················································

PROPERTY LINE

SETBACK

......... ........................................................... , ..........................

I . IIII U III JI_Jllllllll,.L II _J�llllll_l l lllllllllll�IUl•--··••1■111111

,11111111

SITE PLAN

G0.2

f CA JAC E NTTE N A N T I

I L

DONATIONS PRODUCTION AREA [}I] 1,112SF

- _J

SHEET N OTES:

EXISTING MEN'S RESTROOM

....I....I � 0 (9 z w w Ct'. (9 Ct'.w > w 0 0

EXISTING JANITOR i I ROOM ---t-1--

MULTIPURPOSE ROOM @] 1,048SF

RETAIL AREA [ill 10,396SF

w () -q- :5 � a..� �i �u.i fl'.'...J � � Ow g� t-(/)

LOUNGE ROOM [gJ 433SF

SHOES AREA

VESTIBULE ENTRY/EXIT

0co CJ)....I :::J 0

s z w() 0 :5 � a..� �i �() ::l!:lll (/) 0..J O:::J �o NO..

�

FASHION FOCUS AREA � 687SF

PRODUCTION GD 2,975SF

z a.. w ' wj Ct'. � c.9o ffio >0 Wc.9

QUEUEING AREA

KEY N OTES:

QI] 437SF I ; . L

10.01

2112.04 50]"Jl1 i 50.02

�r i.i � §� ��

MANAGER'S OFFICE

�,

I 6' -o· I 5 • --0· I 5•.o· I 6 '-0" ls· -s112· I s·-s,12· I s·-s,12· I

I '

1r..J112·

!!: I � il [l

COVl!RED l°"-OINO DOCK

q;? �:?. OR P LAN-RETAIL O P TION A

FLOOR PLAN • OPTION A A1.0A

w�-�� PLAN

SHEET NOTES:

Iii 1 : : 1

j � '!!

STORAGE OD 218 SF

RESTROOM ;_j__., [JD

EXISTING MEN'S

11 :1

1 1 L tlr EXISITNGWOMEN'S === -' 1 RESTROOM GD ,.·\J

...J...J � 00 0 C) z C)0::: 0::: ww w >w

MULTIPURPOSE ROOM [fil 1,048SF

EXISTING JANITOR ROOM--' � : -

LOUNGE ROOM [JI] 433SF

RETAIL AREA Opnon Conflict

� I

w l)'

SHOES AREA

11 il I l VESTIBULE I l EN,:RY/EXIT ii 11

0(/)co ...J ::> 0

PRODUCTION [fil 2.975-SF

z o.. w ' wj o:::� c:>o ffio >WC)0

FASHION FOCUS AREA 710 SF

QUEUEIN AREA

KEYNOTES:

l '

10.01 21M 12.04

MANAGER'S OFFICE

\__ [ill]]

81�-" Ii:� §ffi �� i'.!1 � �e 1::l

1827 Opuon Conflict

/ - []ill i 7 I _J

CCNERED LCl,',Dl�lO DOCK

CJ?�-�,;. PLAN

� �..�� - OR f'>L�N-RETAIL OPTION 8

FLOOR PLAN - OPTION 8 A1.0B

SHEET NOTES:

MULTIPURPOSE ROO ! m 1� Conflict

...J ...J � 0 0 0 (.9 z

LOUNGE ROOM Roo�

w o-sr ::s::i: CL� �� w · 0:: .J �� O w 8Cf! r-- en oo ::s� CL� �� 6 � [I) o'.:3 O:::J �o N CL � z w

3 SF

� , � Conflict

w w 0::: (.9 0::: w > w

SHOES AREA

11 VESTIBULE I I ENTRY/EXIT

i i i i

0 co Cl) ...J :::> 0 CL w....'..i W...J ffi� 0::: 0 wO >0 wc.9 Z

CHANGING ROOMS [JD 366SF

FASHION FOCUS AREA 367 SF

QUEUEING AREA

KEYNOTES:

i ' i CASH ROOM 1, ,�: , I �11 I � I 100SF : " ,�-I l ..,. I ,�-J I LOSS PREVENTION IT ROOM @] uD 100 SF 100 SF

[

MANAGER'S OFFICE � 424SF

i i

�1 1 ��

�OR PLAN-RETAIL OPTION C

FLOOR PLAN· OPTION C

A1.0C

Evergreen Goodwill of Northwest Washington

260,033 Edmunds

Poulsbo

156%

1/1/24

166,667

Square Feet

20,984

% Sales 100.00%

Year

Sales

Year

Sales

Year

Sales

Year

Sales

Year 4,000,000 14%

Year 4,120,000 3%

Sales Sales 100.00% 4,243,600 100.00% 3% Year

Year Sales Sales 4,370,908 100.00% 4,502,035 100.00% 4,637,096 100.00% 3% 3% 3% Year Sales Year

Sales

2,000,000 100.00%

2,500,000

100.00% 3,000,000 100.00%

3,500,000 100.00%

% increase vs prior year

25%

20%

17%

Expenses

Store Wages - Retail

198,881 307,520 224,298 204,382 15,222 202,880 69,200 28,708

9.75%

208,825 322,896 235,513 214,601 15,983 213,024 74,321 29,569

9.75% 15.07% 11.00% 10.02% 0.75% 10.04% 2.97% 1.18% 0.12% 0.02% 0.92% 0.48% 0.23% 1.27% 1.05% 0.07% 0.00% 0.66% 5.25% 13.43%

219,266 339,041 247,289 225,331 16,782 223,675

9.75% 15.07% 11.00% 10.02% 0.75% 10.04% 2.97% 1.02% 0.10% 0.02% 0.92% 0.48% 0.23% 1.27%

230,230 355,993 259,653 236,597 17,621 234,859 104,049

9.75% 15.07% 11.00% 10.02% 0.75% 10.04% 2.97% 0.90% 0.09% 0.02% 0.92% 0.48% 0.23% 1.27% 0.07% 0.00% 0.66% 4.13% 9.59% 3.60% O.D1% 0.51% 6.05% 0.02% 0.67% 0.36% 1.82% 0.73% 0.00% 1.68% ,05'¼

241,741 373,793 272,636 248,427 18,502 246,602 118,913 32,311 3,151 675 36,800 19,200 9,200 50,800

9.75% 15.07% 11.00% 10.02% 0.75% 10.04% 2.97% 0.81% 0.08% 0.02% 0.92% 0.48% 0.23% 1.27% 1.05% 0.07% 0.00% 0.66% 3.80% 8.39% 0.01% 0.51% 5.46% 0.02% 0.60% 0.32% 1.82% 0.73% 0.00% 1.68%

253,828 392,482 286,268 260,849 19,427 258,932 122,481 33,280 3,246 696 37,904 19,776 9,476 52,324 ,t3 260 2,719 27,171 156,496 377,712 141,012 6,995 95 525 21,012 224,811 874 24,808 13,384 74,984 29,932

9.75%

266,519 412,106 300,581 273,891 20,398 271,879 126,155

9.75%

279,845 432,712 315,610 287,586 21,418 285,473 129,940 35,307 40,212 20,980 10,053 55,511 45,895 3,444 738

9.75% 15.07% 11.00% 10.02% 0.75% 10.04% 2.97% 0.81% 0.08%

293,838 454,347 331,391 301,965 22,489 299,746 133,838

9.75%

308,530

9.75%

Store Wages - Production Store Wages - Leadership

15.07% 11.00% 10.02% 0.75% 10.04%

15.07% 11.00% 10.02% 0.75% 10.04% 2.97%

15.07% 11.00% 10.02% 0.75% 10.04% 2.97% 0.81% 0.08%

15.07% 11.00% 10.02% 10.04% 2.97% 0.81% 0.08% 0.02% 0.92% 0.48% 0.23% 1.27% 0.07% 0.00% 0.66% 3.80% 8.39% 3.13% -0.16% -4.34% 0.01% 0.51% 5.46% 0.02% 0.60% 0.32% 1.82% 0.73% 0.00% 1.68% 1 0.75%

477,065 15.07% 347,960 11.00% 317,063 10.02%

Store Wages - Material Handling

Store Wages - Janitorial

23,614

0.75%

Taxes and Benfits

314,734 10.04%

Goods Purchased for Resale

3.46% 1.44% 0.14% 0.03% 0.92% 0.48% 0.23% 1.27% 1.05%

89,185 30,456

137,853 37,457

2.97% 0.81% 0.08% 0.02% 0.92% 0.48% 0.23% 0.07% 0.00% 0.66% 3.80% 8.15% 3.04% 0.01% 0.51% 5.46% 0.02% 0.60% 0.32% 1.82% 0.73% 0.00% 1.68% -4.34%

Utilities

31,370

0.81% 0.08% 0.02% 0.92% 0.48% 0.23% 1.27% 1.05% 0.07% 0.00% 0.66% 3.80% 9.17% 3.42% 0.01% 0.51% 5.46% 0.02% 0.60% 0.32% 1.82% 0.73% 0.00% 1.68%

34,278

36,366

Employee Relations Meals and Travel Store Supplies - Retail

2,800

2,884

2,971

3,060

3,343

3,547

3,653

600

618

637

656

716

0.02% 0.92% 0.48% 0.23% 1.27% 1.05% 0.07% 0.00% 0.66% 3.80% 8.90% 0.01% 0.51% 5.46% 0.02% 0.60% 0.32% 1.82% 0.73% 0.00% 1.68%

0.02% 0.92% 0.48% 0.23% 1.27% 1.05% 0.07% 0.00% 0.66% 3.80% 8.64% 3.23% 0.01% 0.51% 5.46% 0.02% 0.60% 0.32% 1.82% 0.73% 0.00% 1.68%

760

783

18,400

23,000 12,000

27,600 14,400

32,200 16,800

39,041 20,369

41,419 21,610 10,355 57,176 47,271

42,661 22,258 10,665 58,891

Store Supplies - Production

9,600 4,600

Janitorial Supplies Disposal + Hazmat

5,750

6,900

8,050

9,760

25,400 21 000

31,750 26 250

38,100

44,450 3 750

53,894 44 558

otlo

31,50

2 000 2,640

8 690 3,060

Recruiting Dues/Subs.

1,650

1,980

0.07% 0.00% 0.66% 4.59%

2,310

2,801

2,885

2,971

Contract Services/ R&M Incremental Transportation

48,600 125,000 335,744 125,904 34,973 (86 869)

2.43% 6.25% 16.79%

23,083 144,703 335,744 125,904 34,973 {1 2,021

29,691 171,008 377,712 141,012

30,582 176,138 377,712 141,012

RentExpense NNNExpense

11.19%

6.30% 1.75%

5.04%

4.20% 1.17%

·mt

6,995

6,995 -0.15%

Inc.

:!134•

(195 544

(20�,411

Bad Debt Expense

973

0.05% 0.49% 9.70% 0.06% 1.07% 0.58% 1.82% 1.02%

446

574

591

B&O Taxes

9,800

12,750 199,742

0.51% 7.99% 0.02% 0.88% 0.48% 1.82% 0.73% 0.00% 1.68%

15,300 205,734

0.51% 6.86% 0.02% 0.76% 0.41% 1.82% 0.73% 0.00% 1.68%

17,850 211,906

22,960 245,657

23,649 253,027

Incremental Administration

193,924

Overs/Shorts

1,200

530

636

742

955

984

Jewelry Production Allocation

21,400 11,545 36,400 20,400

22,042 11,892 45,500 18,163

22,703 12,249 54,600 21,795

23,384 12,616 63,700 25,428

25,553 13,786 77,234 30,830

27,109 14,625 81,937 32,707

27,922 15,064 84,395 33,689

Communications

Bank Charges

Insurance

Legal

Misc. (net of Restitution)

33,600 171,874

1.68% 8.59%

42,000

50,400

58,800

67,200

69,216

71,292

73,431

75,634

77,903

Pre-Opening Costs

Total Store Expenses

2,441,042 122.05%

2,482,515

99.30% 2,628,991

87.63%

2,779,084

79.40%

2,932,969

73.32%

3,049,202

74.01% 3,154,762

74.34%

74.70% 3,380,010

3,264,961

75.08% 3,500,134 75.48%

Store Income Before Programs

(441,042) -22.05%

17,485

0.70%

12.37%

371,009

720,916

20.60%

1,067,031

26.68%

1,070,798

1,105 947

25.99% 1,088,838

25.66%

25.30% 1,122,025

24.92% 1,136,962 24.52%

Program Expense

0.00%

Income Before Interest and Depreciation

(441,042) -22.05%

17,485

371,009

0.70%

12.37%

720,916

20.60%

1,070,798

26.68%

1,067,031

25.99% 1,088,838

25.66%

1,105,947

25.30% 1,122,025

24.92% 1,136,962 24.52%

295,343

Depreciation

14.77%

295,343

11.81%

9.84%

8.44%

295,343

7.38%

295,343

7.17%

6.96%

6.76%

295,343

6.56%

6.37%

295,343

Operating Income

(736,385) -36.82%

(277,858)

-11.11%

75,666

425,573

2.52%

12.16%

771,687

775,454

19.29%

793,495

18.82%

18.70%

810,604

18.55%

826,682

18.36%

841,619 18.15%

Interest Expense

0.00%

(736,385) -36.82%

Net Income

(277,858)

-11.11%

75,666

2.52%

425,573

12.16%

771,687

775,454

19.29%

18.82%

793,495

18.70%

18.55%

810,604

826,682

841,619 18.15%

18.36%

Evergreen Goodwill of Northwest Washington Poulsbo 1/1/2024

Year

Cashflow Analysis:

Net Income Add Back Straightline GAAP Rent Add Back Pre-Openning Add Back Interest Add Back Depreciation Less Loan Payments Less FutureCapital Expenditures

(736,385) 34,973 171,874

(277,858)

75,666 34,973

425,573 34,973

771,687 34,973

775,454

793,495

810,604

826,682

841,619

34,973

(6,995)

295,343

(89,866)

(58,196)

(344,365)

(98,199)

(107,305)

NetCashflow CummulativeCashflow

52,459

405,982 224,247

(234,194) (234,194)

666,024 890,270

1,102,004 1,992,274

1,005,608 2,997,882

983,644

754,588

1,115,030 5,851,145

1,022,663 6,873,808

(181,736)

4,736,114

3,981,526

Summary of Initial Investment

Internal Rate of Return (ie: that discount rate that yeilds a zero net present value)

25.05%

Tenant Improvements

1,810,000

Equipment Soft Costs Subtotal Before Pre-Opening Retail Labor (4 weeks) Production Labor (5 weeks) Retail Mgmt Labor (1 extra week) Taxes/Benefits@ 20%

1,145,000

Net Present Value@5%

13,770,769

2,955,000

15,299 29,569

1,885 4,675

Rent ( 0 months) NNN (4 months) Utilities Grand Opening Advertising Legal Recruiting

41,968 3,000 20,000 15,000 2,500 10,000

Pre-Opening Supplies Security Deposit

27,979 Update depending on whether or not there is a security deposit

Total Pre-Opening

171,874

Grand Total

3,126,874

******************** Re p l a c eme n t C y cle ***********..***********

Annua l D e pr e c ia t ion 3 Yr Life

5 Year Life

7 Yr Life

10 Year Life

Item Demo & Construction

Landlord Allowance PERMIT FEES CONSTRUCTION SERVICES FLOOR WORK UPGRADE LIGHTING CABLE/POWER SALES FLOOR FIXTURES POS CABINETS MANAGER OFFICE/CASH OFFICE/TRAINING SHOPPING CARTS - 60 GATEKEEPER LOCKERS X4 ASSEMBLED BREAKROOM FURNITURE CASH WRAP GO BACK EQUIPMENT/MAT SQUARES PRODUCTION EQUIPMENT/12 STATIONS COMPACTOR ADC CARTS - BUSHELL 15 BUILDING SIGNAGE LOCKGUARDS DOORS/WINDOW DEFENSE LIGHT DEFENSE LIGHT FILM WINDOWS/DOORS STRIPINGNEHICLE CHARGING STATION (8) SAFETY SUPPLIES FORKLIFT/PALLET JACK MISC/DOCK SECURITY EQUIPMENT CASH WRAP SUPPLIES THERMAL CURTAIN HANGERS COMPUTER HARDWARE/SOFTWEAR/6 REGISTERS SIGNAGE INTERIOR PACKAGE REFRIGERATOR MICROWAVES 3/TOASTER INTERIOR SIGNAGE - GRAPHICS ETC.. SIGN INSTALLATION TEMP HELP ADC TENT CONES/SAFETY ADC

lntial build-out items only. lntial build-out items only. lntial build-out items only. lntial build-out items only. lntial build-out items only. lntial build-out items only.

15 15 15 15 15 10 10 10 10 10 10 10 10 10 10 10 10

20,000

1,333

1,000,000

66,667 13,333

200,000 90,000 500,000 279,000 36,000 23,000

6,000

33,333 27,900

279,000 36,000 23,000 17,000 20,000

3,600 2,300 1,700 2,000

17,000 20,000

3,600 3,500

360 350

3,600 3,500

10,000 24,000 70,000

1,000 2,400 7,000

10,000 24,000 70,000

9,000

900

9,000

20,000 85,000 75,000 120,000

2,000

20,000

7 7 7 5 5 5 5 5 5 3 3 3 3 3 3 3 3

12,143 10,714 17,143

85,000 75,000 120,000

6,000

1,200

80,000 116,500

16,000 23,300

3,500 4,000

700 800

41,000 50,000 15,000

8,200

16,667

50,000 15,000

5,000

1,900 1,500

633 500

20,000

6,667

20,000

1,500 7,000 2,000

500

1,500

2,333

(9,660)

667

2,000

Totals

2,955,000

82,240

295,343

50,200

280,000

515,100

3/28/2023

Evergreen Goodwill

/ 2022 DGR Territory Assessment Addendum

AREAS OF OPPORTUNITY- Kitsap County/Poulsbo

Kitsap County:

The Bremerton (existing) market: • Population 94,652* Households 36,342* Annual Growth +1.3% • Potential area for increased donors in your existing Bremerton market • Map is Kitsap County

The Meadowdale/Bremerton market: • Population 113,377* Households 28,480* Annual Growth +1.1% • Potential area for donor acquisition as well as retail presence • Viable as an area to increase donations/donors per square foot in the existing Kitsap market

The Poulsbo market: • Population 139,215** Households 53,895** Annual Growth +1.1% • Potentia I area for donor acquisition • Potential area for retail presence north of Silverdale's existing market

*All data at 5-mile rings **All data at 10-mile rings

Page212

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Goodwill l:111 MANASOTA

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November 2022

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305

Poulsbo Middle School

NE Hostmark St

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NE Ryen St

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NE Haugen St

Poulsbo, WA

High Score

Moderate To High

�

Moderate Score

Miss Ellis \. 0

LowTo Moderate

D LowScore

L 0 ::r :::i

Thi: rnao \•,a-= orocJucea .;�•nQ data from orrvate and QOvernment source� di?emed to O'! relrable Th� ,nformatron herein rs 01ov1ded �•.,thout reoresentat1on or warrant-, Logo5 are for ldentrf1cat1on ourposes 0111-. and ma, be trademar�s of the1t resoective comoan1es

Market Optimization

Goodwill� MANASOTA.

5 Yr Pop

Poulsbo, WA

5 Yr

Median HH

Growth (Total%)

Households

Income

Households

Study Details Max Value

Min Value

Ranking

Normal

Trade Area

10 mi radius

1 89 Wendy Way Poulsbo, WA 98370

Overall Rank 1. {47.7379, -122.6236)

53,339

$94,402

3.6%

57,303

3 Tricia Rd Poulsbo, WA 98370

Overall Rank 2, {47.7379, -122.6271)

57,409

$94,265

53,435

3.6%

3 1509 NE Mesford St Poulsbo, WA 98370

Overall Rank 3, (47.7379, -122.6307)

57,560

$94,159

53,577

3.6%

4 19545 NE Norrland Ln Poulsbo, WA 98370

51,918

$94,120

55,830

Overall Rank 4, {47.7403, -122.6236)

3.6%

5 19025 Karl Pl NE Poulsbo, WA 98370

Overall Rank 5, (47.7356, -122.6236)

55,019

$93,862

59,069

3.5%

6 1881 NE Hostmark St Poulsbo, WA 98370

55,313

Overall Rank 6, {47.7332, -122.6236)

59,380

$93,750

3.5%

7 18770 11th Ave NE Poulsbo, WA 98370

59,785

55,695

$93,572

Overall Rank 7, {47.7332, -122.6342)

3.5%

8 1895 Miss Ellis Loop NE Poulsbo, WA 98370

58,448

62,756

$92,082

Overall Rank 8, (47.7262, -122.6236)

3.5%

9 13 Poulsbo Mobile Home Park Poulsbo, WA 98370

55,908

52,000

$94,058

3.6%

Overall Rank 9, {47.7403, -122.6271)

10 1779 NE Hostmark St Poulsbo, WA 98370

55,480

$93,650

59,554

Overall Rank 10, {47.7332, -122.6271)

3.5%

Analysis shows the locations of an area of 3.7 sq miles using the 4 selected variable(s). Top 10 locations are intended as sample and determined by the demographic mark up of 806 analysis points by a grid spacing of 0.24 mi. Results may vary using different centroid locations, variables, and other factors. All variables are weighted the same.

page 1 of 1

This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.

Graphic Profile 2010-2020 Census, 2022 Estimates with 2027 Projections Calculated using Weighted Block Centroid from Block Groups

Goodwill l!11 MANASOTA.

Lat/Lon: 47.7359/-122.6465

Poulsbo, WA

10 mi radius

5 mi radius

3 mi radius

1 mi radius

Population Estimated Population (2022) Projected Population (2027) Census Population (2020) Census Population (2010)

5,322 5,775 5,496 4,830

47,061 48,583 47,274 43,655

20,151 21,734 20,413 17,441

139,215 144,041 139,967 128,326

Projected Annual Growth (2022-2027) Historical Annual Growth (2020-2022) Historical Annual Growth (2010-2020) Estimated Population Density (2022) Trade Area Size

1,583 1.6% -262 -0.6% 2,971 1.7% 713 psm 28.3 sq mi

453 1.7% -174 -1.6% 666 1.4% 1,695 psm 3.1 sq mi

1,522 0.6% -213 -0.2% 3,619 0.8% 599 psm 78.5 sq mi 150 K 100 K 50K 42,877 91.1% 31,318 73.0% 823 1.9% 834 1.9% 1,978 4.6% 282 0.7% 3,817 8.9% 3,826 8.9% 4,184 8.9% 3,044 72.8% 112 2.7% 72 1.7% 210 5.0% 27 0.6% 355 8.5% 365 8.7% OK 1.- \)"\

4,826 0.7% -752 -0.3% 11,641 0.9% 443 psm 314.0 sq mi

25K

50K 40K 30K 20K 10 K

6 K

�

20K�

15 K 10 K

\) 1.,\)"'- S

'l\)"\ \) 1.-\)"\ S 1.-\)1.- \) 1.,\)1., S

1.- \)1.- \) 1.,\)1., S

1.,\J"\ \) 1.,\)"'- S

\) 1.,\)1., S

\) 1.,(J1., S

1.- \) 1.-

1.- \) "\

Race and Ethnicity (2022) Not Hispanic or Latino Population White Black or African American American Indian or Alaska Native Asian Hawaiian or Pacific Islander Other Race Two or More Races Hispanic or Latino Population White Black or African American American Indian or Alaska Native Asian Hispanic Hawaiian or Pacific Islander Other Race Two or More Races

4,821 90.6% 3,843 79.7% 61 1.3% 49 1.0% 222 4.6% 18 0.4% 314 6.5% 314 6.5% 501 9.4% 386 77.1% 7 1.3% 5 0.9% 26 5.1% 3 0.5% 36 7.2% 39 7.8%

18,346 91.0% 14,413 78.6% 214 1.2% 243 1.3% 849 4.6% 70 0.4% 1,277 7.0% 1,280 7.0% 1,805 9.0% 1,392 77.1% 23 1.3% 22 1.2% 90 5.0% 7 0.4% 133 7.4% 138 7.6%

127,015 91.2% 93,118 73.3% 2,757 2.2% 1,890 1.5% 7,818 6.2% 1,125 0.9% 10,131 8.0% 10,177 8.0% 12,200 8.8% 8,663 71.0% 347 2.8% 166 1.4% 859 7.0% 125 1.0% 1,015 8.3% 1,024 8.4%

White ( Black or African American) American Indian orAlaskan Native (Asian) (Hawaiian or Pacific Islander) Other Race 2+ Races

page 1 of 3

This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.

Graphic Profile

2010-2020 Census, 2022 Estimates with 2027 Projections Calculated using Weighted Block Centroid from Block Groups

Goodwill l:1111 MANASOTA.

Lat/Lon: 47.7359/-122.6465

Poulsbo, WA

10 mi radius

5 mi radius

3 mi radius

1 mi radius

Age Distribution (2022)

Age Under 5 Years

205 3.8%

2,487 5.3%

865

4.3%

6,724

4.8%

Age 5 to 9 Years

217

1,140 5.7%

2,659 5.6%

4.1%

7,692 5.5%

Age 10 to 14 Years

199 3.7%

1,240 6.2%

2,845 6.0%

8,720 6.3%

Age 15 to 19 Years

220

1,175 5.8%

2,987 6.3%

4.1%

8,650 6.2%

Age 20 to 24 Years

314 5.9%

941

4,080 8.7%

4.7%

9,030 6.5%

Age 25 to 29 Years

343 6.4%

1,087 5.4%

3,270 6.9%

8,505 6.1%

Age 30 to 34 Years

302 5.7%

1,189 5.9%

2,887 6.1%

8,116 5.8%

Age 35 to 39 Years

275 5.2%

1,228 6.1%

2,814 6.0%

8,087 5.8%

Age 40 to 44 Years

1,277 6.3%

273 5.1%

2,772 5.9%

8,482 6.1%

Age 45 to 49 Years

259 4.9%

1,207 6.0%

2,608 5.5%

8,270 5.9%

Age 50 to 54 Years

309 5.8%

1,374

6.8%

3,007 6.4%

9,604 6.9%

Age 55 to 59 Years

377 7.1%

1,514 7.5%

3,339

10,599 7.6%

7.1%

Age 60 to 64 Years

436 8.2%

1,578 7.8%

3,378 7.2%

11,088 8.0%

Age 65 to 69 Years

447 8.4%

1,435

2,873

9,312 6.7%

6.1%

7.1%

Age 70 to 74 Years

360 6.8%

1,070 5.3%

2,004

4.3%

6,850

4.9%

Age 75 to 79 Years

231 4.3%

695 3.4%

1,264 2.7%

4,173 3.0%

475 2.4%

Age 80 to 84 Years

214

831

4.0%

2,641 1.9%

1.8%

Age 85 Years or Over

341 6.4%

958 2.0%

660 3.3%

2,672 1.9%

Median Age Generation (2022)

49.6

44.3

40.5

42.1

iGeneration (Age Under 15 Years)

7,991 17.0%

621 11.7%

3,245 16.1%

23,137 16.6%

Generation 9/11 Millennials (Age 15 to 34 Years)

1,178 22.1%

4,392 21.8%

13,224 28.1%

34,300 24.6%

15.2%

Gen Xers (Age 35 to 49 Years)

808

3,712 18.4%

8,193

17.4%

24,839 17.8%

Baby Boomers (Age 50 to 74 Years)

1,929

6,971 34.6%

36.2%

14,601

47,453 34.1%

31.0%

Silent Generation (Age 75 to 84 Years)

445

8.4%

1,170 5.8%

2,095

4.5%

6,815

4.9%

G.I. Generation (Age 85 Years or Over)

341

6.4%

660 3.3%

958

2.0%

2,672

1.9%

40%

30%

20%

10%

oo, IQ

0 01 ,o

�� +�«:- � 0 .0 «; cf��

· 0

r�� + �

�� + �

Demographic Source: Applied Geographic Solutions 6/2022, TIGER Geography - RGRAP3

page 2 of 3

This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.

Graphic Profile

2010-2020 Census, 2022 Estimates with 2027 Projections Calculated using Weighted Block Centroid from Block Groups

Goodwill� MANASOTA.

Lat/Lon: 47.7359/-122.6465

Poulsbo, WA

10 mi radius

5 mi radius

3 mi radius

1 mi radius

Household Type (2022)

Total Households

2,478

17,378

7,985

53,895

Family Households

5,355 67.1%

12,262 70.6%

1,276 51.5%

37,850 70.2%

Family Households with Children

531 41.6%

2,349 43.9%

5,569 45.4%

16,545 43.7%

Family Households No Children

746 58.4%

6,693 54.6%

3,006 56.1%

21,305 56.3%

Non-Family Households

1,202 48.5%

2,631 32.9%

16,045 29.8%

5,116 29.4%

Non-Family Households with Children

6 0.2%

1 0.1%

46 0.3%

13 0.2%

Non-Family Households No Children

1,200 99.9%

5,103 99.8%

2,624 99.8%

15,998 99.7%

1.25

25K

Family Households w/ Children

1.00

20K

0.75

15K

0.50

10K

0.25

Non-Family Households No Children

0.00

Education Attainment (2022)

Elementary or Some High School

696

168

1,377

4,207

4.7%

4.0%

4.3%

High School Graduate

957 23.0%

3,011 20.4%

6,089 19.0%

18,720 19.0%

Some College or Associate Degree

5,374 36.3%

1,569 37.6%

11,942 37.3%

35,932 36.5%

Bachelor or Graduate Degree

1,474 35.4%

5,709 38.6%

12,595 39.4%

39,539 40.2%

Elementary or Some High School

High School Gr.aduate

Somo College or Associate Degree

Bachelor or Gr.iduate Degree

Household Income (2022)

Estimated Average Household Income

$81,989

$102,347

$108,622

$118,209

Estimated Median Household Income

$57,526

$89,144

$85,401

$93,136

HH Income Under $10,000

170 6.8%

573

315 3.9%

1,717 3.2%

3.3%

592 23.9%

HH Income $10,000 to $34,999

1,978 11.4%

1,068 13.4%

6,319 11.7%

HH Income $35,000 to $49,999

289 11.7%

770 9.6%

1,584 9.1%

4,731 8.8%

HH Income $50,000 to $74,999

438 17.7%

3,090 17.8%

9,294 17.2%

1,317 16.5%

HH Income $75,000 to $99,999

2,963 17.1%

268 10.8%

1,159 14.5%

8,707 16.2%

HH Income $100,000 to $149,999

445 18.0%

1,743 21.8%

3,841 22.1%

11,555 21.4%

HH Income $150,000 or More

276 11.1%

1,614 20.2%

3,349 19.3%

11,571 21.5%

page 3 of 3

This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.

FIRST WESTERN PR( I ,l

Goodwill Because jobs change lives

January 20, 2023 - Tenant Response

Steve Ruggiero First American Properties, Inc. 17791 Fjord Drive NE Suite 160 Poulsbo, WA 98370

Via Email: steve(rufaponlire.com

Evergreen Goodwill; Offer to Lease College Marketplace, Poulsbo WA

RE:

Dear Steve,

I am pleased to present to you an offer from Evergreen Goodwill to lease space in the above referenced property. The terms and conditions shall be subject to an acceptable lease form and are proposed as follows:

Tenant

Evergreen Goodwill of Northwest Washington

College Marketplace, LLC

Landlord

Premises

The locations to be leased are Suite 101 and Suite 300 as indicated on the attached site plan (Exhibit "A"), located at

21800 Market Place NW Poulsbo, WA 98370

Space to be leased shall total approximately 2,902 and 18,082 +/ square feet per the attached plan. Tenant requests two (2) leases be prepared - one for each space. Tenant Agreed 1-20 23

One-hundred Twenty (120) month primary term with two (2) options to renew for an additional five (5) years with one hundred eighty (180) days' notice.

Term/Options

6402 Tacoma Mall Blvd Tacoma, WA 98409 P (253) 472-0404 F (253) 472-0541 www.fwp-1nc.com

Page 2 of?

Tenant sh�ll operate a donation station, collecting goods from the public, and a retail store, selling donated and new items. Tenant shall have the exclusive right in the property to operate a donation station, collecting goods from the public, and a retail store, selling donated and new items. To be further defined in the Lease. Leases shall be contingent upon Landlord securing use waivers from Home Depot, Walmart. Tenant Agreed 1-20-23 Lease shall commence upon Landlord and Tenant fully executing a Lease and Premises being delivered to Tenant. Base Minimum rent shall abate until the earlier of i) Tenant opening for business or ii) Tenant securing its Certificate of Occupancy, but in no event longer than nine (9) months after Mutual Lease Execution and Premises being delivered to Tenant. Triple Net payments shall commence When rent payments commence. T

Use

Exclusive Use

�

Lease Commencement

10.

Rent Commencement

11.

Base Minimum Rent

Base Rent Amount $16.00/sf, plus NNN suite 300 $17.60/sf, plus NNN suite 300 $19.36/sf, plus NNN suite 300 FMR, plus NNN

Time Period Years 1-5 Years 6-10

$16.00/sf plus NNN suite 101 $17.60/sq plus NNN suite 101 $19.36/sq plus NNN suite 101

Option Years 11-15 Option Years 16-20

In addition to Base Minimum Rent Tenant shall pay their proportional share of real estate taxes, building insurance and common area maintenance as additional rent. Triple Nets shall not exceed $6.00 square foot per year in the first lease year of the Lease. Increases to controllable expenses of NNN shall be capped to no more than five (5%) annually, non-cumulative. Upon Lease signing, Tenant shall pay an amount equal to the total of Base Minimum Rent plus NNN for the first (1st) month of the Lease.

12.

Triple

13.

Prepaid Rent

Page 3 of7

Tenant shall take delivery of the Premises in its AS-IS, WHERE-IS condition.

Landlord's Work

14.

Landlord shall pay to Tenant a Tenant Improvement Allowance of ten ($10.00) dollars per square foot payable within 30 days upon Tenant providing to Landlord all construction lien releases, a copy of Tenant's Certificate of Occupancy, and Tenant opening for business.

15. Tl Allowance

Parking shall be unreserved.

16.

fID:king

17. Donation Trailer Location Landlord shall allow Tenant to utilize in the rear of Suite 101 up to

two (2) semi-truck trailers for donation item storage and transport. Proposed location of trailers is indicated on attach�d E�hibit 8. Tenant Agreed 1-20-23 To \)Q.. ·fov·�<:.v c.\o...�\f f{ t eJ \ v\ 't"�l,

\Q.A.�,

Tenant may install its signage on any building facade above the Premises to the maximum size and amount allowed by code and Landlord Sign Criteria. Tenant shall submit all sign proposals to Landlord in writing for approval prior to submitting sign to governing authority for approval, fabrication or installation. If any monument signage is available to tenants in the shopping center, Tenant shall have the right to install its panel on said monument(s) at Tenant's expense and free from any Lat;idlord-imposed monthly rent. ·-ro � --tc,('t""-N c.. \°'�" \ �, t J ·l >A -+\,..,t \ "-.::c.S�.

18.

Sig age

19.

Notices

To Tenant: Evergreen Goodwill of Northwest Washington 700 Dearborn Place S. Seattle WA 98144 206.860.5791

To Landlord: College Marketplace, LLC 10708 Main Street, Suite 403 Bellevue, WA 98004

Lease shall be on Landlord's form.

20. Lease Form

Page4of7

21. Commission

Landlord agrees to pay FIRST WESTERN PROPERTIES - TACOMA, INC. a leasing commission. Said commission shall be paid per separate agreement. Tenant Agreed 1-20-23 The Law of Real Estate Brokerage Relationships clearly defines the duties of Licensees in various agency relationships. We vaiue our relationship with you and have enclosed for your review, a pamphlet entitled The Law of Real Estate Agency describing your legal rights in dealing with a real estate broker or salesperson. AGENCY DISCLOSURE: At the signing of this agreement the listing/Landlord's broker is Steve Ruggiero of FIRST l\MERICAN PROPERTIES INC. and the broker who procured the Lessee ("selling agent"), is Patric Gt'issom of FIRST WESTERN PROPERTIES - TACOMA, INC. Each Party signing this document confirms the prior oral and/or written disclosure of agency was provided rn him/her/them in this transaction. (WAC 308-124D-040).

22.

Agency Law

IF FIRST WESTERN PROPERTIES - TACOMA, INC., represents both Lessor and Lessee, both parties have given and hereby confirm their consent to such dual agency.

This offer shall expire if not accepted by both parties one week {5 business days) following the date submitted. It shall be expressly understood that this offer is not binding on either of the parties, and that the contemplated lease/ when executed by the parties, shall contain their full agreement. Said lease shall contain the provisions herein contained, and such other provisions as are customarily included in a shopping center lease, but subject to the mutual approval of the parties hereto.

Sincerely,

First Western Properties � Tacoma, Inc.

Patric Grissom

Commercial leasing and Sales Broker

Agreed: Evergreen Goodwill of Northwest Washington

College Marketplace, LLC

Page 5 of7

-� Mai Ng�,1 .-

----- L � Terrance Lien

By Its Date

By Its

Managing Member /-;}._5-�6J...3

COO & CFO Date lanua�23, 2023

Exhibit "g Site Plan

,,,

CA'-D" v A9(A'E. ,.,_\

:a�o.ti: · ,1;, SF

;·-s:

..'..Q,!. 7 ,,:,7 SF

(:?'J:,

· .�'-II 5'"

2: JS :f

Premises - Suite 101 to be Leased 2,902sf +/-

Page 6 of 7

0 0 "' rl c..

((I ◄ (lJ ; � �

: QJ

l �

� rl

,-4

rt$

I,;

"-1 s::

Premises

Proposed Donation Trailer Loc

Exhibit "B"

ations

• ,-!�� s=-

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r- □ '!,-· �.· :io i•

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Page 7 of7

Up to two {2) semi-trailer parking areas as needed for donation storage.

Walmart Realty

December 9, 2022

Terrance Lien College Marketplace LLC 10708 Main Street #403 Bellevue, Washington 98004

RE: ECR Use Waiver

Walmart Supercenter Store #5272

Dear College Marketplace LLC,

Wal-Mart Real Estate Business Trust ("Walmart") approves of the Goodwill Industries ("Goodwill") to be located at 21800 Market Place NW, Poulsbo, WA 98370 near Walmart Supercenter #5272 located at 21200 Olhava Way NW, Poulsbo, WA 98370 as depicted on Exhibit "A" of this letter. As part of its approval, Walmart hereby waives the restriction against Section 2(i). Shopping Center Use, a flea market or a business selling so-called "second hand" goods (the term "second hand" shall mean stores which sell goods primarily as a service to the public rather than to a retail customers for a profit) found in the First Amended and Restated Easements with Covenants and Restrictions Affecting Land dated October 30, 2008, as amended and assigned from time to time (the "Controlling Document"). Please note that this approval is limited to the operation of the Goodwill. Any change in use of the premises, or variance from the site plan attached as Exhibit "A", shall require Walmart's further consent. This approval shall not be construed as a waiver of any of Walmart's rights or of any other obligation or restriction found in the Controlling Document.

If you-have any questions, please do not hesitate to contact me.

Sincerely, �� O tt�\\. Senior Manager I, Portfolio Management Cell (479) 426-2075; Danielle.Semsrott@walmart.com

Walmart US Realty 2608 SE J Street Bentonville, AR 72716-5510

Walmart ,,. : " Realty

EXHIBIT A

21200 Olhava W WA 98370 P

2455 Paces Ferry Rd, Atlanta, GA 30339 (770) 433-8211

December 8, 2022

Via Email

Steve Ruggiero

First American Properties, Inc. 17791 Fjord Drive NE

Poulsbo, WA 98370 Steve@faponline.net

Re:

Home Depot Store 4741 - Poulsbo, WA- MATT -161264 Third Party Request for Approval for Goodwill Store

Dear Mr. Ruggiero:

HD Development of Maryland, Inc. ("Home Depot"), acknowledges that certain use restrictions are set forth in Section 2 c. (i) of that certain First Amended and Restated Easements with Covenants and Restrictions Affecting Land dated October 30, 2008, recorded November 21, 2008 as Recording No. 200811210125, Official Records of Kitsap County, Washington (as restated, the "ECR"). All capitalized terms not otherwise defined herein shall have the same meaning as set forth in the ECR. Home Depot is in receipt of a request by First American Properties, Inc. ("First American"), to lease retail space owned by College Marketplace, LLC ("Owner") on College Marketplace Parcel 7-A to Goodwill Industries ("Goodwill"), for a second- hand clothing and furniture store use (the "Use") in the location as shown on Exhibit "A" attached hereto and incorporated herein by this reference. Notwithstanding the use restrictions contained in Section 2 c. (i) of the ECR, Home Depot hereby consents to the Use, provided the Use is operated in the location identified on Exhibit "A" attached hereto, in a first-class manner, and otherwise substantially as such Use is typically operated as of the date hereof. Home Depot's consent to the Use is in no way a representation (or agreement) by Home Depot that the same is in compliance with any laws, rules, regulations or codes, or that the same will be permitted by any relevant governing authority. Please note that this consent is specifically for this Use and is not a waiver of any other approval rights contained in the ECR. Additionally, it is the collective responsibility of First American, Owner and Goodwill, as applicable, to obtain all consents, approvals, and waivers for the Use from any and all other consenting Owners or Tenants. This consent is collectively for the benefit of First American, Owner and Goodwill in this particular instance and for this particular Use. This consent shall not be construed as being for the benefit of any future tenants of the subject property or any other locations. Except as expressly waived or consented to herein, no other provisions of the ECR shall be deemed waived, supplemented

#10586300vl

or modified hereby, and all of the covenants, terms, obligations and conditions shall remain in full force and effect.

If you have any questions regarding this letter, please contact Clay Brasher - Manager, Real Estate at Clay Brasher@homedepot.com.

Sincerely, ��scai

Sr. Corporate Counsel

cc:

Clay Brasher - Manager, Real Estate Celeste Burr, Legal Specialist Christy Harpe, Sr. Financial Analyst Nick Harper, Sr. Corporate Counsel

#10586300vl

EXHIBIT A

�

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CityStreet ---------------

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�;�, <-"§� 1� �H a...� �g l!)z vi �

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0:::: LLI 1- :::z:: LLI \,,J _,J

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om1•..r._,�.,_,.,.,__N: TI,..-......., ..... ,........__. ......, •-•--- h_..,.11 .,. 1.,.,,.,..,_, .,_....,..__,,.,._,.,-c_ _....,,.__,A..-,•l'C-· ...... -•- ..--·-·-·• ...... ............ ._ .... ,,..... _ ,.... __ _,_..,_............ 1�.,..,..._ .f.:;:,-•.: ! •=::i��=i:::-�

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No recipricol access between Home Depot parcel and College Marketplace Parcel 7-A

DATE

ISSUED/ REVISED

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Market Place NW

[

ORIGIHALISSUEDATE 02.02.10 DRAWNBY CAM (Hf(KEDB! WMR

LEASING PLAN

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LEASING PLAN SCALE: 1"=60' ID: o-sp

Page 2 Page 3 Page 4-5 Page 6-7 Page 8-9 Page 10-11 Page 12-13 Page 14-15 Page 16-17 Page 18-19 Page 20 Page 21 Page 22-23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34-35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42-43 Page 44 Page 45 Page 46-47

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