Cooper Commercial Investment Group 6120 Parkland Blvd., Suite 206 Cleveland, OH 44124 www.coopergrp.com

Dan Cooper dcooper@coopergrp.com (216) 562-1981 x12

Bob Havasi bhavasi@coopergrp.com (216) 562-1981 x10

In Cooperation with Licensed IN Broker

2

Table of Contents

INVESTMENT SUMMARY

Investment Highlights ……………..… 4

Investment Overview ………………… 5

Location Overview …………………… 6

Offering Summary …………………… 7

FINANCIAL ANALYSIS

Rent Roll …………...…………………. 9

Financial Analysis ..…...…...………… 10-11

PROPERTY ANALYSIS

Site Plan ..…..…………...……………. 13

Development Plan …………………… 14

Aerial Map .……………..…………….. 15

Location Maps .…………………........ 16

Demographics ..…………………........ 17

TENANT ANALYSIS

Tenant Profiles ……….………………. 19-23

Disclosure & Confidentiality ……….... 24

3

INVESTMENT HIGHLIGHTS

4

Settlers Crossing

• County Seat Multi-Tenant Center Shadow Anchored by Walmart Supercenter and Other High-Traffic Generating Outlots: Large Regional Draw Pulling from Surrounding Communities

• Attractive 8.50% CAP Rate with High 15.85% Expected Year-1 Cash-on-Cash Return

• All Nationally-Named Tenants: Leased to 2022 and Beyond Creating Long-Term Stability

• 86% Occupied: ALL NNN Lease Structures

• Upside Potential Through Lease-Up of 2 Remaining Vacant Units (14%), Creating Stabilized 10.14% CAP with High 22.45% Year-1 Projected Cash-on-Cash Return (Assuming 95% Occupancy)

• Newer 2017 Construction: Well-Known, Stable Users with Franchise Owners Reporting Growth and Positive Performance: Fantastic Sam’s Averaging 400 Customers Per Week and Verizon in Top 5 of 17 Store Region

• Positive Leasing Traction with Heavy Interest in Vacant Units and Recent Neighboring Outlot Development with Taco Bell, Burger King and Popeye’s

• Strong Community with Avg. Household Incomes More Than $61k Within 10-Miles and Drawing from 10+ Mile Radius, Making Salem a Preferred Destination (Next Closest Walmart is 17+ Miles Away)

• Shared Monument Signage with Walmart Supercenter at Signalized Entrance

• Highly Visible Location and Centrally Located on Main Roadway: SR-56 with Convenient Access to I-65, Direct Route to Louisville and Indianapolis

• Major Salem Employment Base: GNK Sinter Metals (490 Employees and Recent $6.9 Million Renovation/Equipment Upgrade), Flexcel (Division of Kimball, 375 Employees), Peerless Gears (486 Employees), Ascension’s St. Vincent Salem Hospital (77-Bed Hospital & Part of System with 24 Other Area Hospitals) and Jean’s Extrusion (160 Employees)

• Ideal Geographic Location between Louisville, KY (36 Miles, 45 Minutes), Indianapolis (94 Miles, 2 Hours) and Cincinnati, OH (110 Miles, 2.25 Hours)

ADDITIONAL INVESTMENT HIGHLIGHTS

5

The Cooper Commercial Investment Group has been exclusively retained by ownership to

sell Settler’s Crossing, a county seat retail shopping center built in 2017 that is shadow

anchored by Walmart Supercenter and other high-traffic generating outlots. The asset

has been reduced to $2,400,000, representing an attractive 8.50% CAP Rate, high 15.85%

expected year-1 cash-on-cash return and offers upside through lease-up of the remaining

two vacant units. Through stabilization of the center to 95% occupancy, an investor has

the opportunity to unlock nearly $40,000 of additional NOI to the asset, which would

generate a near 10.14% CAP Rate with an unbelievably high 22.45% projected year-1

cash-on-cash return based on the current reduced asking price.

Ownership has had continuous leasing traction at the center. Anchor tenant, Maurices is

leased through 2028, while all other tenants are leased to 2022 and beyond, creating a

long-term, stable rent roll. The Verizon Wireless Authorized Retailer and Fantastic Sam’s

have expressed their anticipated satisfaction with the site and market. In fact, this Verizon

is in the top 5 stores in its region of 17 stores and Fantastic Sam’s now averages over 400

customers per week. Edward Jones and Shoe Department round out the rent roll and

have minimal area competition. Furthermore, the center has had many recent inquiries

with users interested in occupying the remaining vacant spaces, proving the desire to be

in the center and market.

Positioned along the SR-56 (Hackberry Street) with highly visible signage, the retail

destination is located in a community with average household incomes over $60,000

within 5-miles. The 16,800 S.F. center is positioned directly next to the Walmart

Supercenter with several newly developed, high-traffic generating outlots (Murphy USA

Gas, Burger King, Popeye’s, Taco Bell and Wash World Car Wash) in front, bringing all

sorts of constant traffic to the center. Due to the desirable retail destination, the corridor

draws from a 10-15 mile radius as the next closest Walmart is over 17 miles away. Salem

has become the main shopping hub for most of the region, drawing from numerous

surrounding counties.

Situated between Indianapolis (100 miles) and Louisville, Kentucky (35 miles), Salem is

the county seat of Washington County. The residents of the area have an employment

base that includes, Flexcel (Division of Kimball, 375 employees) and is located on the

other side of Walmart bringing 375 employees near the center on a daily basis.

Additionally, GNK Sinter Metals (490 employees) recently completed a $6.9 million

renovation and equipment upgrade to their facility. Other area employers include,

Peerless Gears (486 employees), Blue River Wood Products, Ascension’s St. Vincent

Salem Hospital (77-bed hospital and part of a system with 24 other hospitals in Indiana),

Blue River Services, Hoosier Precat and Jean’s Extrusion (160 employees). Being within

commuting distance to Louisville, the employment base extends with two major Ford

plants and the headquarters/factory of GE Appliances. The city is also a major center of

the American whiskey industry, with about one-third of all bourbon coming from

Louisville. Given the property’s long-term anchor, strategic placement and proximity to

employees and residents; this asset is positioned as a high-quality investment that is

poised to generate substantial returns for years to come.

INVESTMENT OVERVIEW

6

Salem is the county seat of Washington County, Indiana. Salem is located in

scenic Southern Indiana just 35 miles north of Louisville, Kentucky and less

than 100 miles south of Indianapolis, Indiana, while also being just 115 miles

from Cincinnati, Ohio. The featured property is positioned off SR-56, a 193-mile

route that travels the south-central part of the state from west to east and

connects to I-65, the direct route to Louisville and Indianapolis.

Salem has a strong and diverse economic base within its city limits that include

GNK Sinter Metals (490 employees and recent $6.9 million renovation and

equipment upgrade), Flexcel (Division of Kimball, 375 employees), Peerless

Gears (486 employees), Blue River Wood Products, Ascension’s St. Vincent

Salem Hospital (77-bed hospital and part of a system with 24 other hospitals in

Indiana), Blue River Services, Hoosier Precat and Jean’s Extrusion (160

employees).

Many residents of Salem commute to Louisville, which is the largest city in

Kentucky and the 29th most-populous city in the United States. Louisville has a

high level of importance to the shipping industry with the presence of the

Worldport global air-freight hub for UPS at Louisville International Airport (43

miles). Louisville's location at the crossroads of three major interstate

highways (I-64, I-65, and I-71) also contributes to its modern-day strategic

importance to the shipping and cargo industry. Louisville is a significant

center of manufacturing, with two major Ford plants, and the headquarters/

factory of GE Appliances. The city is also a major center of the American

whiskey industry, with about one-third of all bourbon coming from Louisville.

Brown-Forman, one of the major producers is headquartered in Louisville and

operates a distillery in the Louisville suburb of Shively. The current primary

distillery site operated by Heaven Hill, called the Bernheim distillery, is also

located in Louisville near Brown-Forman's distillery.

The region is home to several institutions of higher learning. There are six

four-year universities in Louisville with The University of Louisville being the

largest boasting 22,640 students with approximately 6,900 staff members. In

addition, Indiana University Southeast, just 29 miles from Salem enrolls nearly

5,240 students and has an academic staff of 225. Purdue Polytechnic Institute,

part of Purdue University is located 30 miles at their New Albany campus and

offers programs to the engineering students, while Hanover College is also just

36 miles eat and enrolls nearly 1,100 students with an academic staff of over

100.

LOCATION OVERVIEW

7

Reduced Price:

Gross Leasable Area:

Price/SF:

NOI:

CAP Rate:

Year Built:

Lot Size:

Foundation:

Exterior:

Roof:

$2,400,000

16,800 S.F.

$142.86

$203,782

8.50%

2017

Approx. 2.979 Acres

Concrete

EIFS and Metal

Original (2017)

SUMMARY

Loan Amount:

Down Payment:

Loan Type:

Interest Rate:

Amortization:

Term:

Loan-to-Value (LTV):

$1,800,000

$600,000

New Loan

3.40%

25 Years

5 Years

75.00%

Rental Income:

Tenant Reimbursements:

Potential Gross Income:

Vacancy (Actual):

Vacancy for Reimbursements:

Effective Gross Income:

Expenses:

NOI:

Annual Debt Service:

Structural Reserve ($0.10/S.F.):

Cash Flow After Reserves:

Cash-on-Cash Return:

$266,260

$65,067

$331,327

($48,000)

($8,814)

$274,512

($70,730)

$203,782

$106,980

$1,680

$95,122

15.85%

Current Operating Data

Anticipated New Financing

8

9

Tenant Square % of Tenant Lease Lease Rent/ Annual Lease Bumps Option

Feet Total Since Start Expiration S.F. Rent Type Rate/ S.F.

156,159 Shadow Anchor - NAP

(1)

2,000 11.90% 2017 9/29/2017 9/30/2022 $25.08 $50,160 NNN 10/1/2020 $25.44/SF

(2) 5-Yr. Option 1: $26.40/SF Option 2: $29.04/SF

1,200 7.14% 2017 9/19/2017 9/30/2022 $22.00 $26,400 NNN None (2) 5-Yr.

Option 1: $24.20/SF Option 2: $26.42/SF

1,200 7.14% 2019 8/1/2019 10/31/2024 $16.00 $19,200 NNN None (1) 5-Yr.

Option 1: $20.00/SF

5,000 29.76% 2017 9/1/2017 8/31/2022 $11.50 $57,500 NNN None

(3) 5-Yr. Option 1: $12.00/SF Option 2: $12.50/SF Option 3: $13.00/SF

5,000 29.76% 2018 3/14/2018 3/31/2028 $13.00 $65,000 NNN 4/1/2023

$13.50/SF

(3) 5-Yr. Option 1: $14.00/SF Option 2: $14.50/SF Option 3: $15.00/SF

Vacant 1,200 7.14% N/A N/A N/A $20.00 $24,000 NNN N/A N/A

Vacant 1,200 7.14% N/A N/A N/A $20.00 $24,000 NNN N/A N/A

Total Property 16,800 100.00% $15.85 $266,260

Vacancy 2,400 14.29% $20.00 $48,000

* Pro Forma Calendar Year: July 1, 2020 through June 30, 2021

(1) Blended rental rate for increase effective 10/1/2020.

10

Pro Forma 2020

2017 2018 2020 $/SF

INCOME:

Rental Income $ 38,898 $ 183,800 $ 266,260 $ 15.85

Tenant Reimbursements:

Real Estate Tax 4,808 19,638 35,000 2.08

Insurance 426 1,922 3,000 0.18

CAM 3,898 20,088 23,700 1.41

Signage Income - - 1,400 0.08

Administrative Fee - - 1,967 0.12

Gross Potential Rental Income $ 48,030 $ 225,448 $ 331,327 $ 19.72

Vacancy (Actual) 18.09% (48,000) (2.86)

Vacancy For Reimbursements Lost (Actual) 14.29% (8,814) (0.52)

Effective Gross Income $ 48,030 $ 225,448 $ 274,512 $ 16.34

OPERATING EXPENSES:

Management Fee 4% $ 1,932 $ 9,002 $ 8,730 $ 0.52

Real Estate Taxes 7,683 32,400 35,000 2.08

Insurance 1,059 2,868 3,000 0.18

Landscaping 515 6,754 6,750 0.40

Snow/Ice Removal - 3,915 4,000 0.24

Utilities

Electric 833 2,736 2,750 0.16

Signage Electric (Amenities) - 1,960 2,000 0.12

Water/Sewer 61 158 200 0.01

General Repairs, Maintenance & Site Maintenance 1,275 3,280 3,500 0.21

Parking Lot Sweeping 175 2,030 2,500 0.15

Fire System 473 1,494 1,500 0.09

Roof R&M - 25 500 0.03

Non-Reimbursable Utilities 1,270 1,641 300 0.02

Total Expenses $ 15,276 $ 68,263 $ 70,730 $ 4.21

Net Operating Income $ 32,754 $ 157,185 $ 203,782 $ 12.13

Loan Analysis

Cash Flow Available Before Debt Service $ 203,782 $ 12.13

Capitalization Rate 8.50% 8.50%

Valuation (Reduced) $ 2,400,000 $ 142.86

Loan to Value 75.00% 75.00%

Loan Amount $ 1,800,000 $ 107.14

Rate 3.40% 3.40%

Term 5 5

Amortization 25 25

Annual Debt Service $ 106,980 $ 6.37

Debt Service Coverage Ratio 1.90 1.90

11

As-Is Pro Forma

2020 $/SF

Net Operating Income $ 203,782 $ 12.13

Loan Analysis

Cash Flow Available Before Debt Service $ 203,782 $ 12.13

Capitalization Rate (Reduced) 8.50% 8.50%

Valuation $ 2,400,000 $ 142.86

Stabilized Pro Forma

2020 $/SF

Net Operating Income $ 243,376 $ 14.49

Loan Analysis

Cash Flow Available Before Debt Service $ 243,376 $ 14.49

Capitalization Rate 10.14% 10.14%

Valuation $ 2,400,000 $ 142.86

12

13

14

15

375 Employees

490 Employees

486 Employees

160 Employees

16

17

1327 E Hackberry St 5 mi radius 10 mi radius 15 mi radius 25 mi radius

Salem, IN 47167

POPULATION

2019 Estimated Population 9,881 19,375 35,480 198,204

2024 Projected Population 9,958 19,597 35,955 201,644

Projected Annual Growth 2019 to 2024 0.2% 0.2% 0.3% 0.3%

2019 Median Age 41.7 40.8 40.5 40.2

HOUSEHOLDS

2019 Estimated Households 4,283 8,099 14,578 80,039

2024 Projected Households 4,328 8,209 14,813 81,755

2010 Census Households 4,126 7,730 13,753 73,973

2000 Census Households 3,985 7,358 12,852 66,380

Projected Annual Growth 2019 to 2024 0.2% 0.3% 0.3% 0.4%

Historical Annual Growth 2000 to 2019 0.4% 0.5% 0.7% 1.1%

RACE AND

ETHNICITY

2019 Estimated White 96.6% 97.0% 96.9% 94.9%

2019 Estimated Black or African American 0.9% 0.8% 0.7% 1.5%

2019 Estimated Asian or Pacific Islander 0.6% 0.4% 0.4% 1.0%

2019 Estimated American Indian or Native Alaskan 0.2% 0.2% 0.3% 0.2%

2019 Estimated Other Races 1.7% 1.6% 1.8% 2.4%

INCOME

2019 Estimated Average Household Income $60,023 $61,824 $64,633 $72,563

2019 Estimated Median Household Income $46,948 $51,260 $55,102 $64,860

2019 Estimated Per Capita Income $26,267 $25,972 $26,630 $29,405

EDUCATION

(AGE 25+)

2019 Estimated Elementary (Grade Level 0 to 8) 3.7% 4.3% 4.1% 3.4%

2019 Estimated Some High School (Grade Level 9 to 11) 12.2% 10.6% 9.6% 7.9%

2019 Estimated High School Graduate 43.8% 45.2% 44.1% 37.4%

2019 Estimated Some College 17.6% 18.2% 19.4% 20.8%

2019 Estimated Associates Degree Only 9.0% 8.9% 9.0% 9.2%

2019 Estimated Bachelors Degree Only 8.6% 8.3% 8.7% 13.5%

2019 Estimated Graduate Degree 5.1% 4.4% 5.1% 7.8%

BUSINESS

2019 Estimated Total Businesses 573 750 960 5,546

2019 Estimated Total Employees 5,730 7,043 8,689 59,308

2019 Estimated Employee Population per Business 10.0 9.4 9.0 10.7

2019 Estimated Residential Population per Business 17.3 25.8 36.9 35.7

18

19

Maurices inspires women of all ages to look and feel their best – just as they are. With 1,000 stores across North America, the popular

brand has earned the reputation as a leader in hometown fashion.

Maurices is a subsidiary of Dress Barn, which has parent company, Ascena Retail Group, Inc. (Nasdaq: ASNA). The company is a national specialty retailer offering apparel, shoes, and accessories for women under the Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Plus Fashion segment (Lane Bryant, Catherines and Cacique), for tween girls under the Kids Fashion segment (Justice), and Value Fashion segment (dressbarn). Ascena Retail Group, Inc. through its retail brands operates ecommerce websites and approximately 4,600 stores throughout the United States,

Canada, and Puerto Rico.

Source: maurices.com; ascenaretail.com

Headquarter:

# of Maurices Locations:

Corporate:

Ticker Symbol:

S&P Credit Rating:

Moody’s Credit Rating:

Annual Revenue:

GLA:

Tenant Since:

Current Term Start:

Lease Expiration:

Rental Bumps:

Options:

Sales Breakpoint:

Exclusive: Co-Tenancy:

Other Termination:

Mahwah, NJ

1,000+

Maurices, Inc.

NASDAQ “ASNA”

CCC+

Caa2

$6.58 Billion

5,000

2018

03/14/2018

03/31/2028

Yes, 4/1/2023

(3) 5-Yr.

4% Over $1,500,000

Women’s Apparel Walmart or Shoe Dept. (or any replacement tenant): closes

for business in the development for more than 30 days,

Tenant to pay Alternative Rent in lieu of minimum rent,

percentage rent and Additional Charges. If Co-Tenancy

event continues for more than 1 year, Tenant may within 60

days following the end of such 1-year period, give LL notice

of election to terminate the lease. If tenant fails to timely

exercise its termination right, tenant shall be deemed to

have waived the right and shall resume paying regular rent.

Alternative rent is 5% of monthly gross sales. Following the 37th month from the RCD and continuing until

the 366th day thereafter, Tenant has right to terminate if

gross sales are less than $850,000 during said 365-day

measuring period with termination fee of $50,000.

Tenant Base Rent Schedule

Current:

Bump 2023:

Option 1:

Option 2:

Option 3:

Tenant Lease Abstract

Annual

$65,000.00

$67,500.00

$70,000.00

$72,500.00

$75,000.00

maurices.com

Pro Rata Share

Not to exceed 4% over the

immediately preceding year

on a non-cumulative basis,

Excludes Snow Removal,

Utilities, Signage, Stormwater

Management and Internal

Roadways

Pro Rata Share

Pro Rata Share

10% on CAM Expenses

Pro Rata Share

Common Area Maintenance:

Cap:

Insurance:

Real Estate Taxes:

Admin. Fee:

Management Fee:

Monthly

$5,416.67

$5,625.00

$5,833.33

$6,041.67

$6,250.00

PSF

$13.00

$13.50

$14.00

$14.50

$15.00

Tenant Recapture

20

SHOE SHOW, INC. is a leader in branded footwear, bags, and accessories for the entire family with over 58 years of experience. The company continues to grow with stores under brand names such as SHOE SHOW, SHOE DEPT., Burlington Shoes, Shoebilee and SHOE SHOW MEGA. Currently SHOE SHOW, INC. has 1130+ stores in 47 states. SHOE SHOW, INC. has maintained its formula of success through technological advances and operating efficiencies; such as, standard store design, an efficient distribution center and computer links with stores and vendors. The company headquarters

and distribution center is located in Concord, NC.

Source: shoeshowmega.com

Headquarter:

# of Total Locations:

Corporate:

GLA:

Tenant Since:

Current Term Start:

Lease Expiration:

Rental Bumps:

Options:

Exclusive: Co-Tenancy:

Other Termination:

Concord, NC

1,130+

Shoe Show Inc.

5,000

2017

09/01/2017

08/31/2022

None

(3) 5-Yr.

Shoes (300 SF or More) Walmart or Maurices: Closes for

business and has not been replaced by a

suitable replacement co-tenant, tenant

may within 20 days following the end of

each calendar month pay Alternative Rent

in lieu of monthly installments of minimum

rent and additional charges. If on-going

with Walmart continues for more than 1

year or if On-Going continues involving

Maurices for (180) days, Tenant shall

have the right to terminate the lease with

30 days written notice. If tenant does not

elect to terminate, Tenant to return to

regular rent, however the Tenants right to

terminate shall continue until such time as

the Ongoing Co-Tenancy is cured.

Alternative Rent is 5% of its monthly

gross sales. None

Tenant Base Rent Schedule

Current:

Option 1:

Option 2:

Option 3:

Tenant Lease Abstract

Annual

$57,500.00

$60,000.00

$62,500.00

$65,000.00

shoeshowmega.com

Pro Rata Share

Shall not increase by more

than 5% - Excludes Snow

Removal, Utilities, Signage,

Stormwater Mgmt. and

Permanent Drives in the REA

Pro Rata Share

Pro Rata Share

10% on CAM Expenses

None

Common Area Maintenance:

Cap:

Insurance:

Real Estate Taxes:

Admin. Fee:

Management Fee:

Monthly

$4,791.67

$5,000.00

$5,208.33

$5,416.67

PSF

$11.50

$12.00

$12.50

$13.00

Tenant Recapture

21

TCC (The Cellular Connection) is a leading exclusive premium retailer for Verizon. TCC is independently owned and operated in Carmel, Indiana. The company currently employs over 2,00 people and serve customers in over 873 locations. The store boasts knowledgeable and dedicated store consultants and managers and offer a full range of wireless devices including phones, tablets, mobile broadband, wearable technology, accessories and product insurance. Getting the best performance for this technology matters, and Verizon delivers. Once again, the nation’s most rigorous, independent study (RootMetrics®) has rated Verizon the #1 network in the United States. Verizon swept all six network categories,

including reliability, data, speed, call, text and overall.

Source: tccrocks.com

TCC Headquarter:

# of Total Locations:

Franchise:

GLA:

Tenant Since:

Current Term Start:

Lease Expiration:

Rental Bumps:

Options:

Exclusive: Co-Tenancy:

Other Termination:

Carmel, IN

873+

The Cellular Connection Inc.

2,000

2017

09/29/2017

09/30/2022

Yes, 10/1/2020

(2) 5-Yr.

Cellular Communication None

None

Tenant Base Rent Schedule

Current*:

Bump 2020:

Option 1:

Option 2:

Tenant Lease Abstract

Annual

$50,160.00

$50,880.00

$52,800.00

$58,080.00

tccrocks.com

Monthly

$4,180.00

$4,240.00

$4,400.00

$4,840.00

PSF

$25.08

$25.44

$26.40

$29.04

Tenant Recapture

Pro Rata Share

Shall not increase by more

than 5%, Excludes Snow

Removal, Utilities, Signage,

Stormwater Mgmt. and

other facilities of the

development per the REA

Pro Rata Share

Pro Rata Share

15% on CAM Expenses

None

Common Area Maintenance:

Cap:

Insurance:

Real Estate Taxes:

Admin. Fee:

Management Fee:

* Blended current rental rate for increase effective 10/1/2020. Pro Forma based on calendar year from July 1, 2020 through June 30, 2021.

22

Edward Jones serves nearly 7 million investors from more offices than any other investment firm in America. The company attributes a great deal of success to principles and personal, long-term approach to investing. As a privately owned company, Edward Jones has more than 13,000 branch office locations in the United States and Canada. The firm has experienced financial advisors to work with clients to meet financial goals. Edward Jones can help to build a diversified portfolio from a broad universe of quality investments, including stocks, bonds, mutual funds and ETFs, while insurance and annuity products can help to protect each client’s

financial future.

Source: edwardjones.com

Headquarter:

# of Total Locations:

Corporate:

GLA:

Tenant Since:

Current Term Start*:

Lease Expiration:

Rental Bumps:

Options:

Exclusive: Co-Tenancy:

Other Termination:

St. Louis, MO

13,000+

Edward D. Jones & Co., L.P.

1,200

2019

08/01/2019

10/31/2024

None

(1) 5-Yr.

Financial Services None

Beginning on the first day of the

4th lease year, Tenant may

terminate lease with 90 days prior

notice with fee equal to 6 months

of minimum rent plus LL cost of

unamortized costs of TI.

Tenant Base Rent Schedule

Current:

Option 1:

Tenant Lease Abstract

Annual

$19,200.00

$24,000.00

edwardjones.com

Pro Rata Share

Pro Rata Share

Pro Rata Share

10% on CAM Expenses

None

Common Area Maintenance:

Insurance:

Real Estate Taxes:

Admin. Fee:

Management Fee:

Monthly

$1,600.00

$2,000.00

PSF

$16.00

$20.00

Tenant Recapture

* Rent commencement expected to be November 1, 2019.

23

Fantastic Sams is one of the world’s largest full-service hair care salons, with over 1,100 locations throughout North America. The company offers the stability of a hair salon franchise that’s been in business for four decades with the a simple, scalable business model and flexible salon footprint that works anywhere from small

towns to large cities.

Source: fantasticsams.com

Corp. Headquarter:

# of Total Locations:

Franchise:

GLA:

Tenant Since:

Current Term Start:

Lease Expiration:

Rental Bumps:

Options:

Exclusive: Co-Tenancy:

Other Termination:

Beverly, MA

1,100+

Personal Guaranty

1,200

2017

09/19/2017

09/30/2022

None

(2) 5-Yr.

Hair cutting/Styling Salon None

None

Tenant Base Rent Schedule

Current:

Option 1:

Option 2:

Tenant Lease Abstract

Annual

$26,400.00

$29,040.00

$31,704.00

fantasticsams.com

Monthly

$2,200.00

$2,420.00

$2,642.00

PSF

$22.00

$24.20

$26.42

Tenant Recapture

Pro Rata Share

Shall not increase by more

than 10%, Excludes Snow

Removal, Utilities, Signage,

Stormwater Mgmt. and

other facilities of the

development per the REA

Pro Rata Share

Pro Rata Share

15% on CAM Expenses

None

Common Area Maintenance:

Cap:

Insurance:

Real Estate Taxes:

Admin. Fee:

Management Fee:

24

DISCLOSURE, CONFIDENTIALITY & DISCLAIMER

CONFIDENTIALITY AGREEMENT DISCLOSURE & DISCLAIMER

The information within this Offering Memorandum will set forth an

understanding regarding the relationship between the Recipient of

this package (the “Recipient”) and The Cooper Group and the

confidentiality of the investment information to be supplied to you

and your organization for use in considering, evaluating and/or

purchasing this property (the “Property”). The recipient

acknowledges that all financial, contractual, marketing, and

informational materials including but not limited to lease information,

occupancy information, financial information, projections, data

information and any other similar information provided by The

Cooper Group which relates to the Property (collectively, the

Confidential Information), whether said information was transmitted

orally, in print, in writing or by electronic media is confidential in

nature and is not to be copied or disseminated to any party without

the prior consent of The Cooper Group. The Recipient

acknowledges and agrees that the Confidential Information is of

such a confidential nature that severe monetary damage could result

from dissemination of that information to unauthorized individuals.

The Recipient shall limit access to the Confidential Information to

those individuals in the Recipient’s organization with a “need to

know” and shall take all precautions reasonably necessary to

protect the confidentiality of the Confidential Information. The

Recipient acknowledges and agrees that the Confidential

Information and any copies thereof are the property of The Cooper

Group and that all such information will be returned to The Cooper

Group upon written request. Any offers or inquiries from Recipient

in connection with this investment proposal shall be forwarded,

confidentiality, to The Cooper Group. Other than The Cooper

Group, recipient agrees that neither Recipient nor The Cooper

Group shall be obligated to pay any procuring broker fees in

connection with this investment unless a separate written Brokerage

Agreement is entered into and written acknowledgement of any

procuring Brokerage Agreement is received from all parties to the

investment transaction. Procuring brokers must provide written

introductions of potential investors and receive written

acknowledgment from The Cooper Group for representation to be

recognized. This is a confidential Memorandum intended solely for

your limited use and benefit in determining whether you desire to

express further interest in the acquisition of the Property.

The Memorandum contains selected information pertaining to the

property and does not purport to be a representation of the state of

affairs of the Property or the owner of the Property, to be all-inclusive or

to contain all or part of the information which perspective Recipients

may require to evaluate the purchase of real property. All financial

projections and information are provided for general reference purposes

only and are based on assumptions relating to the general economy,

market conditions, competition and other factors beyond the control of

the owner or The Cooper Group. All references disclosed herein related

to acreage, square footages and/or other measurements may be

approximations and the best information available. The summaries of

information included herein do not purport to be complete nor

necessarily accurate descriptions of the full agreements referenced.

Photos herein are the Property and respective owners and use of these

images without the express written consent of the owner is prohibited.

The owner and the Cooper Group expressly reserve the right, at its sole

discretion, to reject any or all expressions of interest or offers to

purchase the Property, and/or terminate discussions with any entity and

any time with or without notice which may arise as a result of review of

this Memorandum.

Neither the owner or the Cooper Group, nor any of their respective

directors, officers, affiliates or representatives make any representation

or warranty, expressed or implied , as to the accuracy or completeness

of this Memorandum or its contents; and you are to rely solely on your

investigators and inspections of the property in evaluating a possible

purchase of the Property. The information contained in this document

has been obtained from sources to be reliable. While the Cooper Group

does not doubt its accuracy, the Cooper Group has not verified it and

makes no guarantee, warranty or representation about it. It is your

responsibility to independently confirm the accuracy and completeness.

Any projections, opinions, assumptions or estimates used are for

example only and do not represent the current or future performance of

the Property. The value of this transaction to you depends on tax and

other factors which should be evaluated by your tax, financial and legal

advisors.

Cooper Commercial Investment Group 6120 Parkland Blvd., Suite 206 Cleveland, OH 44124 www.coopergrp.com

Dan Cooper dcooper@coopergrp.com (216) 562-1981 x12

Bob Havasi bhavasi@coopergrp.com (216) 562-1981 x10

In Cooperation with Licensed IN Broker