Starbucks | At&T | Great Clips

STARBUCKS | AT&T | GREAT CLIPS 8855 S EMERSON AVENUE, INDIANAPOLIS, IN 46237

SUBJECT PROPERTY CONFIDENTIALITY AND RESTRICTED USE AGREEMENT

The information (“Information”) contained in this Offering Memorandum (“Memorandum”) is confidential and furnished to you solely for the limited purpose of your review as a prospective purchaser of 8855 S Emerson Ave, Indianapolis, IN (“Property”) EXCLUSIVELY OFFERED to determine whether you desire to express further interest in the acquisition of the Property and is not to be used for any other purpose or made available to any other person without the express written consent of Alrig USA ,the owner of the Property BY DEVELOPER (“Owner”). This Memorandum contains selected information pertaining to the Property and is not intended to be comprehensive or all-in- VINCENT PIPIA clusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. The Information has been obtained from sources believed reliable, however it has not been verified. No representation, warranty, or guaranty, expressed or implied, is made by Owner or any of its directors, officers, affiliates or representatives as to Director of Dispositions the accuracy or completeness of this Memorandum or any of its contents, or any other written or oral communication transmit- ted to you in the course of your evaluation of the Property and no legal commitment, obligation or liability shall arise by reason Mobile: 586.405.9656 of your receipt of this Memorandum or use of its contents or in connection with any other such written or oral communication; Direct: 248.480.8058 and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the Prop- [email protected] erty. Without limiting the generality of the foregoing, this Memorandum does not purport to be a representation of the state of affairs of the Property or the Owner or constitute an indication that there has been no change in such affairs of the Property or Owner since the date of preparation of this Memorandum nor does it represent the future performance of the Property. You and your advisors should conduct a careful, independent investigation of the Property to determine the suitability of the Property for your needs and the value of the Property to you. ALRIG USA All financial projections and information are provided for general reference purposes only and are based on assumptions relat- ing to the general economy, market conditions, competition and other factors beyond the control of the Owner and therefore are 30200 Telegraph Road | Suite 205 subject to material change and/or variation. Any projections, opinions, assumptions or estimates used are for example only. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportu- Bingham Farms, MI 48025 nity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, (248) 646-9999 certain documents, including, without limitation, leases and other materials, are described in summary form. These summaries [email protected] do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced nor do they constitute a legal analysis of such documents. Interested parties are expected to review all such documents and information of whatever nature independently and not rely on the contents of this Memorandum in any manner.

Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making any offer to purchase the Property unless and until a written agreement approved by the Owner for the purchase of the Property has been fully executed and delivered by and between the Owner and such entity and any conditions to the Owner’s obligations therein have been satisfied or waived and then only to the extent expressly provided for therein.

This Memorandum is the property of Owner and may be used only by parties approved by Owner. The Property is privately offered and by your receipt of this Memorandum, you agree (i) to return it to Owner immediately upon Owner’s request and (ii) that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity, nor copy or reproduce any portion of this Memorandum, without the prior written authorization of Owner. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner. HIGHLIGHTS

100% Occupied by Starbucks, Great Clips and AT&T

All Tenants Operating on 10-Year NNN Leases | Minimal Landlord Responsibilities

All Tenants Have Rent Increases During INVESTMENT OVERVIEW Intial Term, As Well As Option Periods Brand New 2020 Construction STARBUCKS | GREAT CLIPS | AT&T // Outparcel To Very Well Performing Kroger 8855 S Emerson Ave, Indianapolis, IN 46237 Marketplace

Starbucks And Great Clips Are Both PRICE CAP RATE Corporate Backed Leases Great Clips Is Relocation Store From $3,555,076 6.50% Adjacent Shopping Center Starbucks Holds Investment Grade Rating By Both S&P (BBB+) and Moody’s (Baa1)

Excellent Exposure Being Located on LEASABLE SQUARE FOOTAGE: LAND AREA: NET OPERATING INCOME: Emerson Ave (22,500+ VPD)

5,648 SF +/- 0.95 ACRES $231,080 Located Just Off I-65 (68,500+ VPD) and County Line Rd (30,800+ VPD)

Densely Populated Trade Area With Over YEAR BUILT: LEASE TYPE: LEASE TERM: 165,786 Residents Within 5 Miles 2020 NNN 10 YEARS High Average Household Income of Over $75,300 In The Trade Area

Surrounding National Retailers Include; Kroger, Walmart, Costco, Weekends Only, RENT COMMENCEMENT RENT INCREASES RENT EXPIRATION: Buffalo Wild Wings, Athletico, Goodwill, SBUX: AUG 1, 2020 SBUX: 7% Every 5-Yrs SBUX: JULY 31, 2030 Popeyes, Verizon, Sprint, Taco Bell, Circle K, Chase Bank and Many More... GCLIP: AUG 1, 2020 GCLIP: Varies Every 5-Yrs GCLIP: JULY 31, 2030 ATT: AUG 1, 2020 ATT: $2/psf Every 5-Yrs ATT: JULY 31, 2030

30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025 VINCENT PIPIA | Dispositions Associate Mobile: 586.405.9656 [email protected] CONSTRUCTION PHOTO 6.12.20

30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025 VINCENT PIPIA | Dispositions Associate Mobile: 586.405.9656 [email protected] LEASE OVERVIEW

TENANT INFO LEASE TERM CURRENT BASE RENT TENANT GLA % OF GLA LEASE TYPE BEGIN END BEGIN END ANNUAL PSF Increase

Estimated Estimated STARBUCKS 2,448 43% NNN 8/1/2020 7/31/2030 8/1/2020 7/31/2025 $116,280 $47.50 8/1/2025 7/31/2030 $124,407 $50.82 7% Option 1: 8/1/2030 7/31/2035 $133,098 $54.37 7% Option 2: 8/1/2035 7/31/2040 $142,400 $58.17 7% Option 3: 8/1/2040 7/31/2045 $152,363 $62.24 7% Option 4: 8/1/2045 7/31/2050 $163,012 $66.59 7%

Estimated Estimated GREAT CLIPS 1,200 21% NNN 8/1/2020 7/31/2030 8/1/2020 7/31/2025 $40,800 $34.00 8/1/2025 7/31/2030 $44,880 $37.40 10% Option 1: 8/1/2030 7/31/2035 $51,600 $43.00 15% Option 2: 8/1/2035 7/31/2040 $55,200 $46.00 7%

Estimated Estimated AT&T 2,000 36% NNN 8/1/2020 7/31/2030 8/1/2020 7/31/2025 $74,000 $37.00 8/1/2025 7/31/2030 $78,000 $39.00 $2/PSF Option 1: 8/1/2030 7/31/2035 $82,000 $41.00 $2/PSF Option 2: 8/1/2035 7/31/2040 $86,000 $43.00 $2/PSF

TOTAL: 5,648 100.00% TOTAL CURRENT NOI: $231,080

30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025 VINCENT PIPIA | Dispositions Associate Mobile: 586.405.9656 [email protected] 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025 VINCENT PIPIA | Dispositions Associate Mobile: 586.405.9656 [email protected] 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025 VINCENT PIPIA | Dispositions Associate Mobile: 586.405.9656 [email protected] 30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025 VINCENT PIPIA | Dispositions Associate Mobile: 586.405.9656 [email protected] TENANT OVERVIEW

STARBUCKS Starbucks Corporation operates as a roaster, marketer and retailer of specialty coffee worldwide. Starbucks currently opperates 27,339 stores in 75 different countries, every store offers coffee and tea bev- erages, packaged roasted whole bean and ground coffees, single serve products, juices, waters and soluble coffees. Every store also offers fresh food offerings, including, breakfast sandwhiched, pastries, lunch items and salads. In addition to food and drinks, they also sell bever- age making equipment and accessories. Starbucks licenses the rights TENANT // GUARANTEE HEADQUARTERS to produce and distrib-ute Starbucks branded products to the North CORPORATE SEATTLE, WA American Coffee Partnership with the Pepsi-Cola Company, as well as licenses its trademarks through other channels, such as, grocery and national food accounts. The Starbucks brand portfolio also includes ANNUAL REVENUE # OF LOCATIONS Teava-na, Tazo, Seattle’s Best Coffee, Starbucks VIA, Evolution Fresh, $26.51B 28,000+ Starbucks Refreshers, La Boulange and Ethos. STOCK TICKER CREDIT RATING Starbucks has nearly doubled its footprint in the last 10 years as they SBUX S&P: BBB+ have expanded from 15,000 stores to more than 28,000 to-day. In fiscal 2019 the company opened hundreds of new stores, primarily in the Americas and Asia Pacific segments. Total Net Revenue increased to $26.5B in fiscal 2019, compared to $22.3B in 2017. WEBSITE WWW.STARBUCKS.COM

30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025 VINCENT PIPIA | Dispositions Associate Mobile: 586.405.9656 [email protected] https://www.pacificdentalservices.com/ TENANT OVERVIEW

GREAT CLIPS Great Clips is 100% franchised and about 1,200 franchisees employ nearly 40,000 stylists in more than 180 markets. They have more than 4,400 hair salons across North America, making it the world’s largest hair salon brand—each one making it easy for customers to get a great haircut at a great price at a time and place thats convenient for them. Great Clips, Inc. was established in 1982 in Minneapolis.Great Clips provides competitively priced, high-quality haircuts to men, women and children. OWNERSHIP YEAR FOUNDED FRANCHISE 1982 Stylists receive ongoing training to learn the Great Clips customer care system and advanced technical skills. Great Clips hair salons serve about two million customers weekly. The average Great Clips salon # OF LOCATIONS HEADQUARTERS attracts more than 500 customers per week, and the average Great 4,400+ MINNEAPOLIS, MN Clips customer comes in every four to six weeks. Great Clips services include haircuts for men, women and children, and perms at select TENANT // GUARANTEE locations, along with other salon hair services. Great Clips hair salons are open seven days a week with no appointments, including nights and CORPORATE GUARANTEE weekends, so customers can get a haircut near them when they need it. Great Clips carries several professional product lines in addition to WEBSITE its exclusive product lines: Solutions® by Great Clips, GRIT™ and Tea WWW.GREATCLIPS.COM Tree.

30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025 VINCENT PIPIA | Dispositions Associate Mobile: 586.405.9656 [email protected] https://www.pacificdentalservices.com/ TENANT OVERVIEW

AT&T AT&T Inc. is an American multinational conglomerate holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world’s largest telecommunications company, the largest provider of mobile telephone services, and the largest provider of fixed telephone services in the United States through AT&T Communications. Since June 14, 2018, it is also the parent company of mass media conglomerate WarnerMedia, making it the world’s largest media and entertain- ment company in terms of revenue. As of 2018, AT&T is ranked #9 on TENANT // GUARANTEE the Fortune 500 rankings of the largest United States corporations by HATTAR INC dba HATTAR WIRELESS total revenue.

Hattar, Inc. dba Hattar Wireless is a Kentucky Corporation that was OWNERSHIP HEADQUARTERS incorporated in 1996 and has engaged in several types of businesses PRIVATE GEORGETOWN, KY since then and for the past fifteen years has been engaged in the wireless phone business industry. YEAR FOUNDED # OF LOCATIONS 1996 10+ The Company started out in the wireless business as a multi wireless dealer for Cingular Wireless (currently AT&T) T-Mobile, Sprint, Nextel and CellularOne in Elizabethtown, KY. WEBSITE WWW.ATT.COM In 2005 the Company became an exclusive AT&T authorized retailer and currently owns and operates nine AT&T exclusive locations in Ken- tucky, and in the process of opening two new locations in Kentucky.

Hattar, Inc. is one of the major AT&T dealers in Central Kentucky with a proven track record of meeting and exceeding AT&T expectations in de- livering a great customer service and support and because of our track record AT&T has offered us to expand beyond the state of Kentucky, as we have been offered to open ten plus locations in the state of Indiana.

30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025 VINCENT PIPIA | Dispositions Associate Mobile: 586.405.9656 [email protected] DEMOGRAPHICS

INDIANAPOLIS, INDIANA POPULATION 1 MILE 3 MILES 5 MILES Indianapolis is the state capital and most populous city of the U.S. 2020 Population 3,009 70,455 165,786 state of Indiana and the seat of Marion County. According to 2018 Pop. Growth 2020-2025 1.10% 3.59% 3.69% estimates from the U.S. Census Bureau, the consolidated population DAY TIME EMPLOYMENT 1 MILE 3 MILES 5 MILES of Indianapolis and Marion County was 876,862.It is the 17th most Number of Businesses 1,004 3,605 6,594 populous city in the U.S. The Indianapolis metropolitan area is the 34th most populous metropolitan statistical area in the U.S., with Number of Employees 9,819 37,544 65,954 2,048,703 residents. Indianapolis covers 368 square miles, making it HOUSEHOLDS 1 MILE 3 MILES 5 MILES the 16th largest city by land area in the U.S. 2020 Total Households 1,300 28,978 65,533

Indianapolis anchors the 27th largest economic region in the U.S., HH Growth 2020-2025 0.77% 3.72% 3.67% based primarily on the sectors of finance and insurance, manufactur- Average Household Income $75,366 $70,617 $75,141 ing, professional and business services, education and health care, government, and wholesale trade. The Fortune 500 companies of INCOME 1 MILE 3 MILES 5 MILES Anthem, Eli Lilly and Company, and Simon Property Group are head- Median Home Value $141,754 $164,459 $164,015 quartered in Indianapolis. The city has hosted many international Median Year Built 1992 1984 1985 multi-sport events, but is perhaps best known for annually hosting the world’s largest single-day sporting event, the Indianapolis 500.

30200 Telegraph Road, Suite 205, Bingham Farms, MI 48025 VINCENT PIPIA | Dispositions Associate Mobile: 586.405.9656 [email protected] FOR SALE BY DEVELOPER

VINCENT PIPIA ALRIG USA Director of Dispositions 30200 Telegraph Road Direct: 248.480-8058 Suite 205 Mobile: 586.405.9656 Bingham Farms, MI 48025 Email: [email protected] (248) 646-9999