Offering Memorandum

5393 West Daybreak Parkway // South Jordan, UT 84009

REPRESENTATIVE PHOTO

Ty Miller Jake Woodward [email protected] [email protected] 801.930.6792 801.518.5050 CONTENTS

Highlights 04 Investment Summary 07 Property Summary 08 Highlights 09 Highlights 10 Demos 11

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13800 S BLUFFDALE Highlights | 4 HIGHLIGHTS INVESTMENT GRADE TENANT DAYBREAK UTAH • Starbucks is the worlds #1 specialty coffee retailer with more than • Master-Planned Community on Over 4,000 Acres 29,000 locations in 78 countries • Once Complete Daybreak Will Include 20,000 Homes, 14 Million Square Feet • Publicly traded on NASDAQ: SBUX of Commercial Space, and a Population of Over 50,000 • Triple Net Lease (NNN) - 10 year initial term with (4) 5 year options • Daybreak is Utah’s Fastest Growing Master-Planned Community and Leads as the Nation’s 10th Quickest Growing Community as well IDEALLY LOCATED • Affluent Neighborhood With an Average Annual Household Income Over $96,000 • Located on Light Anchored Corner • Anchored by Newly Developed Smiths Grocery Store BRAND NEW CONSTRUCTION • Site Sits Directly Off Mountain View Corridor • Starbucks Building to be Complete in Q2 of 2021 • High Traffic Counts: • Day Break Parkway - 18,000+ VPD • Mountain View Corridor - 32,000+ VPD • Surrounding Retailers Include Smiths Grocery, McDonald’s Wells Fargo, Costa Vida, Marcos Pizza, 7-Eleven and others 11800 SOUTH SALTMUSTANG LAKE TRAILCOUNTY WAY HERRIMAN, UT

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C:\GIS\TrafficCount\UT\SLCO\11800sMtnView.mxd - 3/9/2021 Matt Investment Summary | 7 INVESTMENT SUMMARY

YEAR 1 RENT $112,473 PRICE $2,646,000 TERM 10 Years CAP 4.25% LEASE TYPE Corporate Net Lease PROPERTY SUMMARY

ADDRESS 5393 West Daybreak Parkway South Jordan, UT 84009

BUILDING SIZE 2,285 SF

LOT SIZE 23,731 SF

YEAR BUILT 2021

Property Summary | 8

DAYBREAK, UTAH

BEST MASTER PLANNED COMMUNITY IN UTAH: • Consisting of 4,100 acres, Daybreak will include 21,000 homes, 14 million square feet of commercial space, and a population of over 50,000 once fully developed. • Daybreak remains the best place to live in Utah according to real estate advisory firm, RCLCO • Daybreak is Utah’s fastest growing master-planned community and leads as the nation’s 5th quickest growing community as well. • The layout is designed on a principle called “The 5-minute rule” where every home is within a 5-minute walk to an amenity (shopping/dining, school, park, lake, pool) • The Community features a 65-acre recreational lake, 30+ miles of trails, and 12 parks

GROWTH: • Since Daybreak was established in 2004, the community has ranked in the Top 20 communities in the survey multiple times • Currently, Daybreak is 30% built out with 8,000+ homes and a population of 25,000+ • 20% of new home sales each year come from existing Daybreak residents who choose to stay within the community as their needs change • For the first 6 months of 2020, Daybreak maintained a record-breaking pace, selling 507 homes, an increase of 40% compared to the same time last year

DAYBREAK, UTAH

LOCATION: • Utah is Top Ranked State for Business and Growth • “BEST STATE FOR BUSINESS,” Forbes • “TOP STATE FOR BUSINESS,” CNBC • One of five states to receive an A“ GRADE,” Digital States Survey • “Hot Startup City Not Names San Francisco” – Business Insider • Ogden and Provo - #1 and #2 “FASTEST JOB GROWTH IN THE NATION,” Bloomberg Business • Daybreak is located Directly off Mountain View Corridor; Mountain View Corridor is predicted to have the highest VPD (Vehicles Per Day) for residential traffic within 10 years • Located minutes from the new master planned development of the former Prison Site • Designed to have easy commutes on Public Transportation to downtown Salt Lake City and Silicon Slopes (Utah’s Tech Hub) • Daybreak residents are affluent with 68% earning above the median household income for Saltake L County • Average annual household income is $96,000 DEMOGRAPHICS 1 MILE 3 MILE 5 MILE

POPULATION 19,143 96,597 218,904

AVG. HOUSEHOLD INCOME $100,137 $112,289 $120,806

HOUSEHOLDS 5,632 27,057 61,506

BUSINESSES 122 1,619 4,325

DAYTIME POPULATION 4,584 31,115 79,114

UTAH

With 3 distinct geographic regions, five national parks, 45 state parks, 5 national historic sites & trails, and a dozen national monuments, Utah’s recreational opportunities have consistently captured the attention of millions of visitors every year. Utah’s location at the crossroads of the western United States means travelers enjoy easy access to The Greatest Snow on Earth, The Mighty Five national parks and everything in between. From backpacking to snowboarding, river rafting to bouldering, Utah offers outdoor attractions for anyone and everyone to enjoy.

With a combination of strong employment growth, a vibrant tech industry and collaboration between business, labor and government, Utah’s economy is booming like never before. In U.S. News & World Report’s 2019 Best State Rankings, Utah ranked No. 1 for employment, No. 2 in economy, No. 3 for infrastructure, No. 4 overall, and No. 5 for both fiscal stability and business environment. As the nation’s youngest state with a median age of 31, fast-growing companies have been able to heavily count on a deep pool of young, educated job candidates from Brigham Young University and the University of Utah. With low taxes, a strong business climate, and a healthy education system as well, it’s no wonder that Utah ranks among the fastest-growing states in the nation.

Affiliated Business Disclosure and Confidentiality Agreement

This Offering Memorandum has been prepared by Legend Investment Group (LIG) for use by a limited number of parties and has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it, and make no guarantee, warranty or representation about it. It is your responsibility to confirm, independently, its accuracy and completeness. All projections have been developed by LIG, Owner and designated sources, are based upon assumptions relating to the general economy, competition, and other factors beyond the control of Owner, and therefore are subject to variation. No representation is made by LIG or Owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, Owner and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, LIG, Owner and their employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omissions from, the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser.

Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective investors. Owner and LIG each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the property and/or terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligations to any entity reviewing this Offering Memorandum or making an offer to purchase the property unless and until such offer is approved by Owner, a written agreement for the purchase of the property has been fully executed, delivered and approved by Owner and its legal counsel, and any obligations set by Owner thereunder have been satisfied or waived.

This Offering Memorandum and the contents, except such information, which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting this Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose this Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confidentiality) without the prior written authorization of Owner or LIG and that you will use the information in this Offering Memorandum for the sole purpose of evaluating your interest in the property and you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or LIG. If you have no interest in the property, please return the Offering Memorandum forthwith. Ty Miller [email protected] 801.930.6792

Jake Woodward [email protected] 801.518.5050

2180 S 1300 E, Suite 240 • Salt Lake City, UT 84106 801.930.6750 • www.legendLLP.com