TENHOLDER PLAZA ST LOUIS, MISSOURI Table of Contents TENHOLDER PLAZA TENHOLDERPLAZA

TABLE OF CONTENTS

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FINANCIAL INVESTMENT MARKET OVERVIEW OVERVIEW OVERVIEW PAGES 03- 11 PAGES 12- 23 PAGES 24- 29

TENHOLDER PLAZA| ST LOUIS, MO 122- 144 S COUNTY CENTER WAY

F INANCIAL O VERVIEW

ADDRESS: 122-144 S County Center Way, St. Louis, MO 63129 Pricing Price: $10,750,000 PRICE CAP RATE NOI Cap Rate: 7.00% $10,750,000 7.00% $752,752 Gross Leasable Area: 44,339

Price Per Square Foot: $242.45

Lot Size: 3.31 +/- Acres

Investment Highlights SQ FOOTAGE LEASE TYPES ACREAGE  100% Occupied Retail Center | Anchored by Panera 44,339 Various 3.31 Acres Bread, Mattress Firm, GameStop & Great Clips

 Staggered Rollover Risk with Historically Low Vacancyy Demographics

 Premium Location: Shadow-Anchored by South County 1-Mile 3-Mile 5-Mile Center Regional Mall Population 12,034 94,354 193,405  Substantial Demographics | 3-Mile Population of 93,070 Average HH $72,757 $79,387 $80,767 | 5-Mile Population of 191,355 Income

 Heavy Capital Improvements Invested by Landlord | New Roof, New Parking Lot & Added Walkways

SUMMARY PROPOSED NEW FINANCING

Price: $10,750,000 First Loan Amount: $7,525,000

Down Payment: 30% $3,225,000 Terms: 4.85% Interest

Current CAP: 7.34% 25 Year Amortization

Cash on Cash: 6.94% 5 Year Term

Square Feet 44,339 Monthly Payment: $43,335.27

Cost per Square Feet: $242.45 Annual Payment: $520,023.30

Debt Coverage Ratio: 1.52

Year Built: 1964/1966/1977/2000

Lot Size: 3.31 Acres

CURRENT OPERATING DATA EXPENSES EXPENSE BREAKDOWN (1)

Current Annualized Data Taxes: $2.46 $108,975 Real Estate Taxes: $108,795

Gross Potential Rent: $801,450 Insurance: $0.87 $38,560 Insurance: $38,560

Tax Reimbursement: $108,975 Common Area Maintenance: $0.84 $37,296 Common Area Maintenance:

Insurance Reimbursement: $38,560 Management Fee: 2.50% $24,041 Landscaping/Snow/Repair: $34,881

CAM Reimbursement: $43,810 TOTAL EXPENSES: $208,872 Utilities: $2,415

Management Reimbursement: $37,296 Per Rentable Square Foot $4.71 TOTAL CAM: $37,296

Total Income: $986,281 UNDERWRITING ASSUMPTIONS

Vacancy: $24,657 2.50% (1) Expenses based off 2017actuals per owner records

Effective Gross Income: $961,624

Less Expenses: $208,872

Net Operating Income: $752,752 7.00%

Capital Reserves: $8,868 ($.20)

Loan Payments: $520,023

Pre Tax Cash Flow: $223,861 6.94%

Plus Principal Reduction: $158.555

Total Return Before Taxes: $382.416 11.86%

Square % of Lease Annual Increase Increase Total Lease Option Tenant Ft. Total End Monthly Rent Annual Rent PSF Effective Date Amount Reimb. Type Terms

Midwest Pie, LLC 3,000 6.77% 5/21/2020 $6,250.00 $75,000.00 $25.00 $12,505.76 NNN (3) 5yr Option I 5/22/2020 $27.50 Option II 5/22/2025 $30.25 Option III 5/22/2030 $33.28 Cricket/Gateway 1,000 2.26% 7/16/2022 $2,500.00 $30,000.00 $30.00 $4,168,59 NNN (5) 1yr Option I 7/17/2022 $30.60 Option II 7/17/2023 $31.22 Option III 7/17/2024 $31.85 Option IV 7/17/2025 $32.49 Option V 7/17/2026 $33.14 LensCrafters (Luxottica) 3,000 6.77% 7/31/2019 $8,000.00 $96,000.00 $32.00 $12,505.76 NNN (1) 5yr Option I 8/1/2019 $32.00 Mattress Firm 9,000 20.30% 1/31/2020 $7,350.00 $88,200.00 $9.80 $37,517.29 NNN (2) 5yr Option I 2/1/2020 $10.78 Option II 2/1/2025 $11.86 Golf Discount/KMT Golf 6,000 13.53% 3/30/2022 $8,500.00 $102,000.00 $17.00 $25,011.52 NNN (1) 1yr Option I 4/1/2022 $19.00 Catherines (Charming) 5,999 13.53% 8/31/2019 $8,398.50 $100,782.00 $16.80 $25,007.36 NNN None St. Louis Bread (Panera) 6,000 13.53% 12/31/2021 $10,000.00 $120,000.00 $20.00 $25,011.52 NNN (1) 5yr Option I 1/1/2022 $22.00

Gamestop 1,540 3.47% 11/3/2019 $2,566.67 $30,800.04 $20.00 $6,419.62 Red Wing Shoes 1,340 3.02% 6/30/2019 $2,010.00 $24,120.00 $18.00 $5,585.91 NNN (2) 5yr

Option I 7/1/2019 $20.00 Option II 7/1/2024 $22.00 Famous Nails 1,320 2.98% 12/31/2018 $2,224.64 $26,695.68 $20.22 $5,502.54 NNN None Potential Tenant (1) 5,240 11.82% 1/31/2020 $6,987.67 $83,852.04 $16.00 $21,843.40 NNN None Great Clips/Adlib Inc. 900 2.03% 6/30/2019 $2,000.00 $24,000.00 $26.67 $3,751.73 NNN (2) 5yr Option I 7/1/2019 $28.67 Option II 7/1/2024 $30.67 Current Totals: 44,339 100% $66,787 $801,450 $18.08 $184,831

Occupied 44,339 100% $66,787 $801,450 $18.08 $184,831

Vacant (1) Formerly Empowered Life Stores

Cricket Wireless is a prepaid wireless service provider in the United States. LensCrafters is an American retailer of prescription eyewear, and Cricket Wireless offers voice, text, and data and is a wholly owned prescription sunglasses, and the largest optical chain in the United States. subsidiary of AT&T Inc. As of 2011, it provided prepaid wireless services to LensCrafters has over 880 stores in the United States, Canada, and Puerto approximately 5 million subscribers in the United States. Cricket Wireless Rico. Many of the company’s stores are found in shopping malls and offer was founded in 1999 by Leap Wireless International, Inc. On July 12, 2013, one-hour service, eye exams, contact lenses, and sunglasses. The AT&T Inc. agreed to acquire Cricket's parent company Leap Wireless company was bought by Luxottica, an Italian eyewear company and the International for $1.2 billion. The merger was approved by the Federal world’s largest company in the eyewear industry, in 1995. Since that Communications Commission on March 13, 2014, and later that same day, purchase, Luxottica has continued to build their optical empire by Leap Wireless announced the completion of its acquisition by AT&T. purchasing Sunglass Hut International Inc., OPSM Group, and Cole . National Corporation. .

Headquarters: Atlanta, Georgia Headquarters: Mason, Ohio

No. of Locations: 4,300 No. of Locations: 880+

Symbol: NYSE: T (Parent Company) Symbol: BIT: LUX (Parent Company)

Website: www.cricketwireless.com Website: www.lenscrafters.com

Square Footage: Square Footage:

Lease Commencement: Lease Commencement:

Lease Expiration: Lease Expiration:

With more than 3,500 company-operated and franchised stores across 49 Serving golfers in stores across St. Louis since 1976, Golf Discount is states, Mattress Firm has the largest geographic footprint in the United committed to providing you with the best of the best, and the newest of the States among multi-brand mattress retailers. Founded in 1986, Mattress newest in innovative golf equipment, technology and apparel. No matter Firm is the nation’s leading specialty bedding retailer with over $3.5 billion what your skill level is, you can be dressed like a pro, head-to-toe, in our in pro forma sales in 2015. In September 2016, the company was acquired apparel, shoe and team logo assortments. All equipment comes with a by Steinhoff International for $3.8 billion, and Mattress Firm now operates free custom fitting from the most experienced staff in the industry, using a as a subsidiary of Steinhoff. The company, through its brands including Flightscope Launch Monitor with Doppler Radar technology to ensure the Mattress Firm, Sleepy’s and Sleep Train, offers a broad selection of both most accurate fit. Golf Discount has 2 bricks and mortar locations, and traditional and specialty mattresses, bedding accessories and other related also capitalizes off of on-line sales as well. products from leading manufacturers, including Serta, Simmons, and . Hampton & Rhodes. . Headquarters: Houston, Texas Headquarters: St. Peters, Missouri

No. of Locations: 3,500+ No. of Locations: 2

Symbol: FWB: SNH (Parent Company) Symbol: Private

Website: www.mattressfirm.com Website: www.golfdiscount-stl.com

Square Footage: Square Footage:

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Lease Expiration: Lease Expiration:

Long before it became fashionable to cater to full-figured women, an Panera Bread Company is an American chain of bakery-café fast casual enterprising woman named Catherine Weaver opened a small clothing restaurants in the United States and Canada. It’s headquarters are in boutique in Memphis. The year was 1960. As a plus-size woman herself, Sunset Hills, Missouri and operates as Saint Louis Bread company in the Catherine hoped to bring style, beauty and confidence to a like-minded St. Louis Metropolitan Area. In the past 35 years, Panera has grown from clientele whose fashion choices were decidedly limited. Turns out, 1 cookie store into an enterprise with more than 2,100 bakery-café’s, Catherine Weaver was on to something. Today with nearly 400 locations 100,000 associates and annual system wide sales of over $5 billion. nationwide, along with catherines.com, the Catherines brand continues to Panera credits their success to their ability to transform their business fulfill its promise to women everywhere as the fashion and fit authority for whenever necessary and pivot as appropriate. Panera’s journey so far has sizes 16W-34W and 0X-5X. As part of the Ascena Retail Group family of been punctuated by five major transformations, each of which positioned us stores, Catherines serves a unique niche in the marketplace, offering for ever greater success. beautiful fashions and intimates in hard-to-find extended sizes and a . proprietary fit customers love. Headquarters: Bensalem, Pennsylvania Headquarters: Sunset Hills, Missouri

No. of Locations: 400 No. of Locations: 2,100+

Symbol: Private Symbol: Private

Website: www.catherines.com Website: www.panerabread.com

Square Footage: Square Footage:

Lease Commencement: Lease Commencement:

Lease Expiration: Lease Expiration:

GameStop is a family of specialty retail brands tha makes the most popular Red Wing Shoes (Red Wing Shoe Company, LLC) is an American technologies affordable and simple. GameStop is a global retailer of footwear company based in Red Wing, Minnesota that was founded by multichannel video game, pop culture collectibles, consumer electronics Charles Beckman in 1905. Within 20 years of its inception, Red Wing and wireless services, operating more than 7,200 stores in 14 countries Shoes was producing more than 200,000 pairs of boots per year and was across Europe, Canada, Australia and the United States. GameStop is the primary company manufacturing footwear for American soldiers fighting committed to delivering innovation to consumers anywhere, anytime, and in World War I. Red Wing Shoes continued its tradition of producing any way they want it. Whether looking for a new or pre-owned, digital or footwear for wartime use by manufacturing boots for American soldiers physical video game title, the latest in video game hardware or consumer during World War II. Red Wing footwear is sold worldwide in over 100 electronics, gaming enthusiasts are invited to discover and enjoy their countries. Red Wing Shoes owns and operates 2 manufacturing plants in favorite products in one of GameStop’s welcoming retail environments. the U.S. and employs over 1,800 employees .

Headquarters: Grapevine, Texas Headquarters: Red Wing, Minnesota

No. of Locations: 7,200+ No. of Employees: 1,800+

Symbol: NYSE: GME Symbol: Private

Website: www.gamestop.com Website: www.redwingshoes.com

Square Footage: Square Footage:

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Lease Expiration: Lease Expiration:

Great Clips is a 100% franchised company with more than 4,200 salons across North America—each one offering a great haircut at a great location at a great price. We pride ourselves on making it easy for customers to get a great haircut at a time and place that’s convenient for them. That’s why we’re open evenings and weekends, no appointments necessary. What sets us apart is how easy we’ve made it for customers to make Great Clips their salon of choice with their online check-in service, and clip notes, a technology that allows stylists to keep notes on a customer’s haircut and is accessible at any Great Clips salon. .

Headquarters: Bloomington, Minnesota

No. of Locations: 4,200

Symbol: Private

Website: www.greatclips.com

Square Footage:

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Lease Expiration:

TENHOLDER PLAZA| ST LOUIS, MO 122- 144 S COUNTY CENTER WAY

P ROPERTY O VERVIEW

Marcus & Millichap is pleased to present for your acquisition review INVESTMENT HIGHLIGHTS Tenholder Plaza in St. Louis, Missouri.

 Stabilized Center with Upside in Premier Infill Tenholder Plaza is a 44,5339 square foot shopping destination located Location at Lemay Ferry Road and South Lindbergh Boulevard in Mehlville- an inner ring suburb of St. Louis. The Plaza sits in front of the 1,044,247 square foot South County Center Regional Mall that draws shoppers  Staggered Rollover Risk with Historically Low and employees from four surrounding counties with a population of Vacancy more than 191,000 people 5 miles out. Being planted firmly in the strongest retail corridor has in Mehlville has its advantages. In addition  Directly Adjacent to 2 Intersecting Interstates to the mall’s attraction, traffic is driven by other national retailers like – Combined Traffic Counts 225,000+ VPD Sam’s Club, Petsmart, Home Depot, and Best Buy in addition to dozens of eateries. The shopping center provides buyers with immediate access to I-255 and I-55. Purchasing power of the surrounding  Tenholder Plaza Tenants Include: Panera population is desirable at $70,418. Bread, Mattress Firm, GameStop & Great Clips Investors can enjoy a predictable, passive income as the NNN leases requires minimal landlord responsibility; add to that the peace of mind  Triple Net Leases | Minimal Landlord that comes with staggered rollover and historically low vacancy that Responsibilities comes with site’s excellent visibility. The developer increased that visibility with a pylon and monument signage. Tenants include a diversified mix of e-resistant companies like St. Louis Bread Co, Mattress  Excellent Access: Superior Ingress and Egress Firm, Lens Crafters, Great Clips, and Game Stop. The current owner recently completed heavy capital improvements with new roofing, a new parking lot, and added walkways. The improvements provide a  Heavy Capital Improvements Invested by boost to the probability of tenants’ long-term commitment to the Landlord | New Roof, New Parking Lot & complex on top of their already low rents. The strong tenant mix, Added Walkways staggered leases already in place, rapidly growing market, and locations guaranteed traffic make Tenholder Plaza a perfect investment opportunity for both experienced and new owners.

24,684 VPD

TENHOLDER PLAZA

5 MILES 13 MILES 17 MILES 100RiverMILES City Downtown St. Louis St.Casino Louis, & St. Louis Downtown MissouriHotel Airport

245 MILES 255 MILES 310 MILES Kansas City, Indianapolis, Nashville, Missouri Indiana Tennessee

TENHOLDER PLAZA

TENHOLDER PLAZA| ST LOUIS, MO 122- 144 S COUNTY CENTER WAY

M ARKET O VERVIEW

ST. LOUIS OVERVIEW

The St. Louis metro encompasses the city of St. Louis; the Missouri counties of St. Charles, Jefferson, Franklin, St. Louis, Lincoln, Warren and Washington; and the Illinois counties of Madison, St. Clair, Macoupin, Clinton, Monroe, Jersey, Bond and Calhoun. The metro is near the geographic center of the United States, within 500 miles of one-third of the U.S. population, and has more than 2.8 million residents. St. Louis is the most populous county with 1 million people. The city of St. Louis, which is located at the confluence of the Mississippi and Missouri rivers, is the only city in the metro with a population of more than 300,000 citizens. METRO HIGHLIGHTS

CENTRAL LOCATION The central U.S. location and Mississippi River accessibility allow for fast access to markets both domestically and internationally. EXCELLENT TRANSPORTATION SYSTEM The St. Louis metro has extensive freight, rail and sea transportation systems, providing shipping and distribution of goods worldwide.

AFFORDABLE COST OF LIVING Home prices are well below other large markets in Midwestern states and the U.S. overall.

ECONOMY . St. Louis is highly ranked for its logistics infrastructure, bolstered by its central geographic location and easy access to major waterways. It is a significant inland port. . The region is emerging as a large financial services center, with Jones Financial locally headquartered and Reinsurance Group-America as a major employer in the area. . Government entities pursue business development and provide resources for startups, along with incubators with guidance and inexpensive office and lab space. MAJOR AREA EMPLOYERS BJC Healthcare The Boeing Co. Scott Air Force Base Washington University in St. Louis Wal-Mart SSM Healthcare St. Louis University

SHARE OF 2016 TOTAL EMPLOYMENT

8% 16% 12% 12% 6% MANUFACTURING PROFESSIONAL AND GOVERNMENT LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES BUSINESS SERVICES

19% 5% + 18% 2% 4% TRADE, TRANSPORTATION CONSTRUCTION EDUCATION AND INFORMATION OTHER SERVICES AND UTILITIES HEALTH SERVICES

DEMOGRAPHICS SPORTS . The metro is expected to add nearly 80,000 people through 2021, which will result in the formation of approximately 40,000 households. . A median home price below the national level has produced a homeownership rate of 70 percent, which is well above the national rate of 64 percent. . Roughly 31 percent of people age 25 and older hold bachelor’s degrees; among those residents, 12 percent also have earned a graduate or professional degree. 2016 Population by Age EDUCATION 6% 19% 7% 26% 28% 15% 0-4 YEARS 5-19 YEARS 20-24 YEARS 25-44 YEARS 45-64 YEARS 65+ YEARS

2016 2016 2016 2016 MEDIAN POPULATION: HOUSEHOLDS: MEDIAN AGE: HOUSEHOLD INCOME: 2.8M 1.1M 38.9 $56,700 Growth Growth U.S. Median: U.S. Median: 2016-2021*: 2016-2021*: 2.7% 3.2% 37.7 $57,200

QUALITY OF LIFE The metro boasts numerous public and private golf courses, more than 100 parks, 200 miles of trails and ARTS & ENTERTAINMENT the Gateway Arch. Many of St. Louis’ premier attractions, including the St. Louis Zoo, the St. Louis Art Museum, the Missouri History Museum and the Municipal Opera, are located in Forest Park. The park features golf courses and athletic fields. For sports fans, the area houses the St. Louis Cardinals, St. Louis Rams and the St. Louis Blues. Nearby is the Lake of the Ozarks, offering destinations for hunting, fishing, camping, hiking and spelunking. There are more than 40 colleges, universities and technical schools in the metro, enrolling around 200,000 students a year.

Population Race and Ethnicity In 2017, the population in your selected geography is 191,535. The current year racial makeup of your selected area is as The population has changed by 0.45% since 2000. It is follows: 92.59% White, 2.38% Black, 0.02% Native American estimated that the population in your area will be 193,405.00 and 2.64% Asian/Pacific Islander. Compare these to US five years from now, which represents a change of 0.98% from averages which are: 70.42% White, 12.85% Black, 0.19% the current year. The current population is 47.97% male and Native American and 5.53% Asian/Pacific Islander. People of 52.03% female. The median age of the population in your area Hispanic origin are counted independently of race. is 43.72, compare this to the US average which is 37.83. The population density in your area is 2,435.92 people per square People of Hispanic origin make up 2.42% of the current year mile. population in your selected area. Compare this to the US Households average of 17.88%. There are currently 82,568 households in your selected geography. The number of households has changed by 3.00% since 2000. It is estimated that the number of households in your area will be 84,128 five years from now, which represents a Employment In 2017, there are 71,936 employees in your selected area, this is change of 1.89% from the current year. The average household also known as the daytime population. The 2000 Census revealed size in your area is 2.30 persons. that 67.75% of employees are employed in white-collar occupations in this geography, and 32.42% are employed in Income blue-collar occupations. In 2017, unemployment in this area is In 2017, the median household income for your selected 3.74%. In 2000, the average time traveled to work was 26.00 geography is $59,839, compare this to the US average which is minutes. currently $56,286. The median household income for your area has changed by 27.31% since 2000. It is estimated that the median household income in your area will be $69,841 five years from now, which represents a change of 16.71% from the current year.

The current year per capita income in your area is $34,936, compare this to the US average, which is $30,982. The current year average household income in your area is $80,767, compare this to the US average which is $81,217.

POPULATION 1 Miles 3 Miles 5 Miles HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 Miles Total Average Household Retail . 2022 Projection $63,299 $70,418 $70,697 Expenditure Total Population 11,750 94,354 193,405 . Consumer Expenditure Top 10 . 2017 Estimate Categories Total Population 12,034 93,070 191,535 Housing $16,570 $18,292 $18,345 . 2010 Census Transportation $10,610 $11,850 $11,855 Total Population 11,975 92,038 189,705 Shelter $8,901 $9,712 $9,741 . 2000 Census Food $6,714 $7,495 $7,543 Total Population 11,638 92,656 190,674 Personal Insurance and Pensions $5,838 $6,992 $7,075 . Current Daytime Population Health Care $5,262 $5,893 $5,903 2017 Estimate 10,576 80,118 170,853 Utilities $3,684 $4,062 $4,077 HOUSEHOLDS 1 Miles 3 Miles 5 Miles Entertainment $2,556 $2,848 $2,862 . 2022 Projection Household Furnishings and $2,003 $2,286 $2,290 Total Households 5,551 41,525 84,128 Equipment . 2017 Estimate Cash Contributions $1,851 $2,139 $2,171 Total Households 5,613 40,543 82,568 POPULATION PROFILE 1 Miles 3 Miles 5 Miles Average (Mean) Household Size 2.15 2.29 2.30 . Population By Age . 2010 Census 2017 Estimate Total Population 12,034 93,070 191,535 Total Households 5,595 40,123 81,864 Under 20 20.75% 20.66% 21.08% . 2000 Census 20 to 34 Years 20.16% 19.09% 19.24% Total Households 5,333 39,042 80,164 35 to 39 Years 5.29% 5.47% 5.71% . Occupied Units 40 to 49 Years 10.96% 11.41% 11.56% 2022 Projection 5,551 41,525 84,128 50 to 64 Years 20.70% 22.16% 22.23% 2017 Estimate 5,915 42,625 87,312 Age 65+ 22.13% 21.23% 20.21% HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles Median Age 43.77 44.55 43.72 . 2017 Estimate . Population 25+ by Education Level $150,000 or More 7.74% 9.16% 9.82% 2017 Estimate Population Age 25+ 8,786 68,381 139,931 $100,000 - $149,000 13.17% 15.03% 14.52% Elementary (0-8) 2.91% 2.11% 2.47% $75,000 - $99,999 11.43% 14.44% 14.06% $50,000 - $74,999 17.85% 20.21% 20.10% Some High School (9-11) 5.66% 4.79% 5.43% $35,000 - $49,999 13.23% 14.04% 14.33% High School Graduate (12) 32.48% 29.02% 28.19% Under $35,000 36.60% 27.14% 27.17% Some College (13-15) 21.47% 23.60% 22.65% Average Household Income $72,757 $79,387 $80,767 Associate Degree Only 7.75% 8.41% 8.16% Median Household Income $50,223 $60,403 $59,839 Bachelors Degree Only 19.48% 21.58% 21.62% Per Capita Income $34,020 $34,684 $34,936 Graduate Degree 8.67% 9.61% 10.67%

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015 Marcus & Millichap ACT ID Z0260140 CONFIDENTIALITY & DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepare to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, not has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

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NET LEASED DISCLAIMER Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property. TENHOLDER PLAZA|ST LOUIS, MO

EXCLUSIVE OFFERING

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