Pizza Hut Across from Sangertown Square Mall

INVESTMENT OPPORTUNITY PIZZA HUT ACROSS FROM SANGERTOWN SQUARE MALL

NEW HARTFORD,ST. NY PAUL, (UTICA) MN

OFFERED AT: $933,000 | 5.75% CAP EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

TABLE OF CONTENTS

EXECUTIVE SUMMARY 4 Offering Summary 5 Investment Highlights 6 Lease Summary & Rent Overview

PROPERTY INFORMATION 8 Location Maps 9 Property Photos 11 Neighboring Tenants 13 Aerials

TENANT OVERVIEWS 20 About Pizza Hut

AREA OVERVIEW 22 New Hartford/Utica Overview 23 Demographics

Confidentiality Agreement & Disclosures

EXCLUSIVELY REPRESENTED BY

RYAN BARR RYAN BENNETT Principal Principal 760.448.2446 760.448.2449 [email protected] [email protected]

JENNIFER D. STEIN JDS Real Estate Services, Inc. NY Real Estate Broker Lic No. 10311205848 213.446.5366

Color Scheme

RGB R:145 / G:0 / B:40 CMYK C:0 / M:100 / Y:65 / K:47

RGB R:119 / G:120 / B:123 CMYK C:0 / M:0 / Y:0 / K65

Fonts GOTHAM/ BLACK GOTHAM/ MEDIUM GOTHAM/ LIGHT

PIZZA HUT | New Hartford (Utica), NY | 2 EXECUTIVE SUMMARY PIZZA HUT, NEW HARTFORD NY (UTICA) EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

• Offering Summary • Investment Highlights Lease Summary & Rent Overview

-- OFFERING SUMMARY --

INVESTMENT HIGHLIGHTS Offering Price: $933,000 Net Operating Income: $53,628 Cap Rate: 5.75% Price/SF: $305 PROPERTY OVERVIEW 8400 Seneca Turnpike Address: New Hartford, NY 13413 Property Size: Approx 3,051 Sq. Ft. Land Size: 20,473 Sq. Ft. Ownership: Fee Simple Year Built: 2007

Lee & Associates is pleased to exclusively offer for sale to qualified investors the opportunity to purchase a 100% fee-simple interest in a Pizza Hut property located at 8400 Seneca Turnpike in New Hartford (Utica), New York (the “Property). Built in 2007, the Property consists of a 3,051-square-foot retail building that sits on an approximately 20,473-square-foot parcel. The subject property will be leased at close of escrow to GC Pizza Hut (see Tenant Overview pg 20) dba Pizza Hut on a 20-year absolute triple-net (NNN) lease with 10% increases every 5 years in the Primary Term and (4) 5-year Option periods. The Tenant has reported an ideal 6.7% rent to sales ratio along with unit level sales that are roughly 8% above Pizza Hut’s national average (Source: Statista.com 2016). Pizza Hut is a subsidiary of Yum! Brands, Inc., and is the most recognized pizza restaurant chain in the world, operating more than 16,400 restaurants in more than 100 countries. Headquartered in Louisville, Kentucky, YUM! Brands, Inc. reported a company revenue of $6 billion in 2016. The subject property is located at the intersection of Seneca Turnpike and Middlefield Dr, offering excellent visibility to combined traffic counts of 27,000 cars per day and multiple access points in/out of the property. Seneca Turnpike is a major retail/commuter corridor with national retailers in the area such as Walmart Supercenter, Kohl’s, Lowe’s, Aldi, Pep Boys, Autozone, Party City, Toys ‘R’ Us, and Rockin Jump nearby, as well as restaurants including Dunkin Donuts, McDonald’s, Berkshire Bank, Wendy’s, KFC, and Denny’s. Additional nearby shopping centers include Sangertown Square shopping mall located across from the subject property, with anchor tenants including Macy’s, Target, Boscov’s, Dick’s Sporting Goods, and JC Penney; and New Hartford Consumer Square with Walmart Supercenter, TJ Maxx, Best Buy, Staples, Applebee’s, Barnes & Noble, Old Navy and PetSmart.

The subject property is located in New Hartford, NY, located adjacent to Utica. Utica is the county seat of Oneida County and the tenth-most-populous city in New York, located approximately 90 miles northwest of Albany and 45 miles east of Syracuse. With a business-friendly environment and growing population, the city presents various locations that offer high traffic counts, high visibility and an avid base of consumers from throughout the Utica-Rome Metropolitan Statistical Area (MSA), which boasts a population of roughly 300,000. With its low cost of living, the city has become a melting pot for refugees from war-torn countries around the world, encouraging growth for its colleges and universities, cultural institutions and economy.

The nearby Marcy Nanocenter, located t SUNY Polytechnic Institute in Marcy, is a 450-acre greenfield site being developed for the semiconductor industry and is the largest shovel-ready semiconductor site in the world. The project has been attracting considerable interest from a number of companies and officials and with the recent tenancy of Denmark-based Danfoss Silicon Power, the area is likely to become attractive to manufacturing and technology companies around the world.

PIZZA HUT | New Hartford (Utica), NY | 4 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Offering Summary • Investment Highlights • Lease Summary & Rent Overview

-- INVESTMENT HIGHLIGHTS --

GLOBALLY RECOGNIZED TENANT: PIZZA HUT (NYSE: YUM) • SUCCESSFUL 100-UNIT OPERATOR Pizza Hut is the largest pizza chain in the world, operating over 16,000 restaurants and 350,000 team members in more than 100 countries. Pizza Hut is a subsidiary of YUM! Brands, Inc. (NYSE: YUM), the largest restaurant company in the world with over 43,500 restaurants in more than 135 countries and territories. YUM! Brands is ranked number 218 on the Fortune 500 list. GC Pizza Hut LLC is the #1 Franchisee-Large Owner/Operator in the Pizza Hut System, New England Region, operating 100 stores across New York, Massachusetts, Connecticut, Vermont, New Hampshire, Maine, and Tennessee.

6.7% RENT TO SALES RATIO • UNIT LEVEL SALES 8% ABOVE PIZZA HUT NATIONAL AVERAGE • HIGHLY PROFITABLE LOCATION The Tenant has reported an ideal 6.7% rent to sales ratio along with unit level sales that are roughly 8% above Pizza Hut’s national average (Source: Statistica.com 2016), alleviating any future vacancy risk concerns and providing a future investor with a long-term passive income stream.

NEW 20-YEAR ABSOLUTE NNN LEASE • STRONG RENT GROWTH • ZERO LANDLORD RESPONSIBILITIES Upon close of escrow, the tenant will execute a 20-year lease upon close of escrow that will feature 10%increases every 5 years, offering an investor a steady income stream with rent growth as a hedge against inflation.

LOCATED ON SIGNALIZED INTERSECTION • EXCELLENT VISIBILITY & ACCESS • STRONG TRAFFIC COUNTS The subject property is located at the intersection of Seneca Turnpike and Middlefield Dr, offering excellent visibility to combined traffic counts of 27,000 cars per day and multiple access points in/out of the property.

EXCELLENT RETAIL SYNERGY ON RETAIL CORRIDOR • MINUTES FROM NEARBY SHOPPING CENTERS Seneca Turnpike is a major retail/commuter corridor with national retailers in the area such as Aldi, Pep Boys, Autozone, Party City, Toys ‘R’ Us, and Rockin Jump nearby, as well as restaurants including Dunkin Donuts, McDonald’s, Berkshire Bank, Wendy’s, KFC, and Denny’s. Additional nearby shopping centers include Sangertown Square shopping mall located across from the subject property, with anchor tenants including Macy’s, Target, Boscov’s, Dick’s Sporting Goods, and JC Penney; and New Hartford Consumer Square with Walmart Supercenter, TJ Maxx, Best Buy, Staples, Applebee’s, Barnes & Noble, Old Navy and PetSmart.

LOCATED IN NEW HARTFORD / UTICA • HEART OF UPSTATE NEW YORK • HOME OF MARCY NANOCENTER The subject property is located in New Hartford, NY, located adjacent to Utica. Utica is the county seat of Oneida County and the tenth-most-populous city in New York, located approximately 90 miles northwest of Albany and 45 miles east of Syracuse. With a business-friendly environment and growing population, the city presents various locations that offer high traffic counts, high visibility and an avid base of consumers from throughout the Utica-Rome Metropolitan Statistical Area (MSA), which boasts a population of roughly 300,000. With its low cost of living, the city has become a melting pot for refugees from war- torn countries around the world, encouraging growth for its colleges and universities, cultural institutions and economy. The nearby Marcy Nanocenter, located at SUNY Polytechnic Institute in Marcy, is a 450-acre greenfield site being developed for the semiconductor industry and is the largest shovel-ready semiconductor site in the world. The project has been attracting considerable interest from a number of companies and officials and with the recent tenancy of Denmark-based Danfoss Silicon Power, the area is likely to become attractive to manufacturing and technology companies around the world.

PIZZA HUT | New Hartford (Utica), NY | 5 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Offering Summary Investment Highlights • Lease Summary & Rent Overview •

-- LEASE SUMMARY --

INVESTMENT SUMMARY Tenant: Pizza Hut Guarantor: GC Pizza Hut (107 Units) Building Size: 3,051 Sq. Ft. Lot Size: 20,473 Sq. Ft. Ownership: Fee Simple Year Built: 2007 TERMS, BASE RENT & OPTIONS Annual Base Rent: $53,628 Lease Commencement: Upon Close of Escrow Lease Term: 20 Years Term Remaining: 20 Years Options to Renew: (4) 5-Year Options Rent Increases: 10% Increases Every 5 Years in Primary & Option Periods Lease Type: Absolute NNN Landlord Responsibilities: None

-- RENT OVERVIEW --

RENT SCHEDULE - PRIMARY TERM

NOI/Yr NOI/Mo NOI/SF/Yr NOI/SF/MO Increase

Years 1 - 5 $53,628.00 $4,469.00 $17.58 $1.46 --

Years 6 - 10 $58,990.80 $4,915.90 $19.33 $1.61 10%

Years 11 - 15 $64,889.88 $5,407.49 $21.27 $1.77 10%

Years 16 - 20 $71,378.87 $5,948.24 $23.40 $1.95 10%

OPTION PERIODS - (4) 5-YEAR OPTIONS

Option 1 $78,516.75 $6,543.06 $25.73 $2.14 10%

Option 2 $86,368.42 $7,197.37 $28.31 $2.36 10%

Option 3 $95,005.26 $7,917.10 $31.14 $2.59 10%

Option 4 $104,505.78 $8,708.81 $34.25 $2.85 10%

PIZZA HUT | New Hartford (Utica), NY | 6 PROPERTY INFORMATION PIZZA HUT, NEW HARTFORD NY (UTICA) EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

• Location Maps • Property Photos Neighboring Tenants Aerials

-- LOCATION MAPS --

OSWEGO LAKE GEORGE

UTICA SYRACUSE

AUBURN 5A SCHENECTADY

ALBANY

CONCORD ITHACA MIDDLE SETTLEMENT RD

COMMERCIAL DR

POUGHKEEPSIE 5 MIDDLE SETTLEMENT RD SENECA TURNPIKE

SCRANTON

STAMFORD 5

NEW YORK LONG ISLAND

ALLENTOWN EDISON

PIZZA HUT | New Hartford (Utica), NY | 8 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps • Property Photos • Neighboring Tenants Aerials

-- PROPERTY PHOTOS --

PIZZA HUT | New Hartford (Utica), NY | 9 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps • Property Photos • Neighboring Tenants Aerials

-- PROPERTY PHOTOS --

PIZZA HUT | New Hartford (Utica), NY | 10 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Property Photos • Neighboring Tenants • Aerials

-- NEIGHBORING TENANTS -- ALDI Located Across from Pizza Hut

PIZZA HUT | New Hartford (Utica), NY | 11 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Property Photos • Neighboring Tenants • Aerials

-- NEIGHBORING TENANTS -- Anchor Tenants in Sangertown Square Mall

PIZZA HUT | New Hartford (Utica), NY | 12 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Property Photos • Neighboring Tenants • Aerials

-- NEIGHBORING TENANTS -- Outparcel Tenants in Sangertown Square Mall

PIZZA HUT | New Hartford (Utica), NY | 13 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Property Photos Neighboring Tenants • Aerials •

-- OVERHEAD VIEW --

SENECA TURNPIKE (18,000+ CARS PER DAY)

MIDDLE SETTLEMENT RD (9,000+ CARS PER DAY)

PIZZA HUT | New Hartford (Utica), NY | 14 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Site Plan Property Photos Neighboring Tenants • Aerials •

-- LOOKING NORTH --

DISTRIBUTION CENTER NYSDOC MIDSTATE CORRECTIONAL FACILITY MARCY Crestwood CORRECTIONAL FACILITY Golf Club

WHITESBORO NEW HARTFORD CONSUMER SQUARE

Sadaquada Golf Club

840 24,000 CARS PER DAY 840 840

MIDDLE SETTLEMENT RD COMMERCIAL DR (15,000 CPD)

SENECA TURNPIKE (18,000 CPD) SENECA TURNPIKE (24,000 CPD)

MIDDLE SETTLEMENT RD (9,000 CPD)

PIZZA HUT | New Hartford (Utica), NY | 15 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Property Photos Neighboring Tenants • Aerials •

NEW HARTFORD SHOPPING CENTER -- LOOKING EAST --

NEW HARTFORD CONSUMER SQUARE Stonebridge Golf & Country Club UTICA COLLEGE

840 NEW HARTFORD SE- MVHS CENTER FOR 5A NIOR HIGH SCHOOL REHABILITATION NEW YORK MILLS 24,000 CARS PER DAY ELEMENTARY SCHOOL 840 WEDGEWOOD APARTMENTS 5A

Yahnundasis DOWNTOWN 24,000 CARS PER DAY Golf Club NEW HARTFORD 840

COMMERCIAL DR (15,000 CPD)

SENECA TURNPIKE (18,000 CPD)

MIDDLE SETTLEMENT RD (9,000 CPD)

PIZZA HUT | New Hartford (Utica), NY | 16 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Property Photos Neighboring Tenants • Aerials •

-- LOOKING SOUTH --

CLINTON RD Myles Elementary School PRESWICK GLEN RETIREMENT COMMUNITY

GENESSEE ORTHOPEDICS & PLASTIC SURGERY

MIDDLE SETTLEMENT RD (9,000 CPD)

COMMERCIAL DR (15,000 CPD) SENECA TURNPIKE (18,000 CPD)

PIZZA HUT | New Hartford (Utica), NY | 17 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Property Photos Neighboring Tenants • Aerials •

-- LOOKING WEST --

LEWISTON AT PHEASANT RUN APARTMENTS THE APPLEWOOD COMMUNITY

CHERRYWOOD RETIREMENT COMMUNITY

SENECA TURNPIKE (18,000 CPD)

GENESSEE ORTHOPEDICS & PLASTIC SURGERY

MIDDLE SETTLEMENT RD (9,000 CPD)

COMMERCIAL DR (15,000 CPD)

PIZZA HUT | New Hartford (Utica), NY | 18 TENANT OVERVIEW PIZZA HUT, NEW HARTFORD NY (UTICA) EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

• About Pizza Hut •

-- ABOUT PIZZA HUT --

Pizza Hut is the largest pizza company in the world. The company is known for its Italian-American cuisine menu including pizza and pasta, as well as side dishes and desserts. Pizza Hut has over 16,000 restaurants and 350,000 employees in over 100 countries.

Headquartered in Plano, Texas, Pizza Hut was founded in June 1958 by two Wichita State University students, brothers Dan and Frank Carney, who borrowed $600 from their mom to open a pizza place in Wichita, Kansas. PepsiCo acquired Pizza Hut in November 1977.

Pizza Hut is split into several different restaurant formats: the original family-style dine-in locations; storefront delivery and carry-out locations; and hybrid locations that have carry-out, delivery, and dine-in options. Some full-size Pizza Hut locations have a lunch buffet, with “all-you-can-eat” pizza, salad, bread sticks, and a pasta bar. Pizza Hut has other business concepts independent of the store type; Pizza Hut “Bistro” locations are “Red Roofs” which have an expanded menu and slightly more upscale options. The company announced a rebrand that began on November 19, 2014. The rebrand was an effort to increase sales, which dropped in the previous two years. The menu was expanded to introduce various items such as crust flavors and eleven new specialty pizzas. Work uniforms for employees were also refreshed. In 2017, Pizza Hut was listed by UK-based company Richtopia at number 24 in the list of 200 Most Influential Brands in the World.

Pizza Hut Quick Stats Total # of Pepperonis Consumed Last Year at Pizza Hut 14 billion / 7 million lbs Total Amount of Cheese Used by Pizza Hut Each Summer 100 million lbs Total Amount of Cheese Used by Pizaa Hut Annually 300 million lbs Total Amount of Tomatoes Used by Pizza Hut Annually 525 million lbs Total # of Pizza Hut Pizzas Sold During the Super Bowl 2.5 million

-- YUM! BRANDS, INC. --

Pizza Hut is a subsidiary of YUM! Brands, Inc. (NYSE: YUM), the largest restaurant company in the world with KFC, Pizza Hut, Taco Bell, and WingStreet under its umbrella of fast-food and fast-casual brands. Yum! Brands, Inc., based in Louisville, Kentucky, has over 43,500 restaurants in more than 135 countries and territories and is one of the Aon Hewitt Top Companies for Leaders in North America. In 2017, Yum! Brands was named among the top 100 Best Corporate Citizens by Corporate Responsibility Magazine. The Company’s restaurant brands – KFC, Pizza Hut and Taco Bell – are the global leaders of the chicken, pizza and Mexican-style food categories. Worldwide, the Yum! Brands system opens over six new restaurants per day on average, making it a leader in global retail development.

Yum! Brands is ranked number 218 on the Fortune 500 list, with revenues exceeding $6 billion in 2016.

ABOUT THE OPERATOR - GC PIZZA HUT LLC The subject property is operated by an experienced franchisee, with locations in New York, Massachusetts, Connecticut, Vermont, New Hampshire, Maine, and Tennessee. The subject property is leased to GC Pizza Hut LLC dba Pizza Hut on a long-term absolute triple-net (NNN) lease.

• 100 Total Stores Operated by Franchisee in 7 States • Preferred Growth Partner with Pizza Hut Corporate • 100 Stores Guarantee the Lease at the Subject Property • #1 Franchisee - Large Owner/Operator in Pizza Hut System, New England Region Vintage “Red Roof” locations, designed by architect Richard D. Burke, can be found in the United States and Canada.

PIZZA HUT | New Hartford (Utica), NY | 20 AREA OVERVIEW PIZZA HUT, NEW HARTFORD NY (UTICA) EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

• Utica Overview • Demographics

-- UTICA OVERVIEW --

Utica is the county seat of Oneida County and the tenth-most-populous city in New York, located Home of the Marcy Nanocenter at the State University of New York (“SUNY”) Polytechnic Institute approximately 90 miles northwest of Albany and 45 miles east of Syracuse. Utica and the nearby city of Located at SUNY Polytechnic Institute in Marcy, in the heart of Upstate New York, Marcy Nanocenter is a 450-acre greenfield Rome anchor the Utica–Rome Metropolitan Statistical Area, which comprises all of Oneida and Herkimer site being developed for the semiconductor industry and is the largest shovel-ready semiconductor site in the world. No other counties. Formerly a river settlement inhabited by the Mohawk tribe of the Iroquois Confederacy, Utica greenfield site in the world boasts the ideal site characteristics, infrastructure, workforce, transportation assets, and lifestyle attracted European-American settlers from New England during and after the American Revolution. In as the Marcy Nanocenter. the 19th century, immigrants strengthened its position as a layover city between Albany and Syracuse on the Erie and Chenango Canals and the New York Central Railroad. During the 19th and 20th centuries, For nearly twenty years, tens of billions of dollars in private and public investment has empowered New York State’s the city’s infrastructure contributed to its success as a manufacturing center and defined its role as a semiconductor industry. With the development of Marcy Nanocenter in the region, there will be unique opportunities for worldwide hub for the textile industry. With its low cost of living, the city has become a melting pot for refugees from war-torn collaboration with partners such as: Intel, Samsung, TSMC, Nikon, IBM, and Global Foundries. The site offers zoning, sewer and countries around the world, encouraging growth for its colleges and universities, cultural institutions and economy. water permits for full-scale manufacturing, and approximately $40 million has been spent to date to install water and sewer mains, relocate power lines, construction of access roads, and stormwater management systems. Strategic Location for Business - Educated Workforce - Notable Educational Institutions The project has been attracting considerable interest from a number of companies and officials and with the recent tenancy The City of Utica offers great opportunities for all types of businesses including national brands, small business start-ups, of Denmark-based Danfoss Silicon Power, the area is likely to become attractive to manufacturing and technology companies expansions and entrepreneurs. With a business-friendly environment and growing population, the City presents various locations around the world. that offer high traffic counts, high visibility and an avid base of consumers from throughout the Utica-Rome Metropolitan Statistical Area (MSA), which boasts a population of roughly 300,000. The City avidly encourages investment, entrepreneurialism and start-ups through our business loan program and assists expansions and national industries through P.I.L.O.T programs and business incentives. The City of Utica has attracted people from all over the world and is one of the few urban centers in upstate New York to have its population grow over the last fifteen years. This growth has contributed greatly to the diversity of cultures and potential investment opportunities. Six colleges are located within the city limits. Offering a myriad of degrees and doctorate programs students from all over the world gravitate to these educational institutions. From the arts to cyber security and to engineering these colleges have had a major impact on the global economy. Utica is definitely a college town. Diverse Economy - Concentrated Industry Groups Provide Synergy and Fuel Growth Utica is home to a diverse mix of successful industries ranging from Aviation to Nanotechnology. Empire Aero Center, a subsidiary of Israel Aerospace Industries, operates a maintenance, repair and overhaul facility in a refurbished former Air Force hangar. In 2006, Mohawk Valley Community College opened an airframe and power plant mechanic training program next door to Empire Aero Center’s facility, to train the next generation of aviation personnel. Interstate 90 provides east-west travel from Boston to Seattle, and access to all of North America via the Interstate highway system, affirming Utica’s logistics strengths. In 2006 Family Dollar opened the third major retail distribution centerinthe Mohawk Valley, joining Rite Aid and Wal-Mart as national chains that have realized the logistical value of the Mohawk Valley. Interstate 90 provides east-west travel from Boston to Seattle, and access to all of North America via the Interstate highway system. The Mohawk Valley has become a center of major back office operations including insurance claims, check processing and call centers. Bank of America, The Federal Reserve, Bank of New York, Metropolitan Life, The Hartford, Defense Finance and Accounting Service and ACS all have major centers in the Mohawk Valley, and Utica National Insurance Company’s international headquarters are here. Led by the Air Force Research Laboratory Information Directorate headquarters, the Mohawk Valley has developed a significant niche in the IT industry over the last half century, with firms such as PAR Technology, BAE Systems, Booz Allen Hamilton, ITT Industries and Northrop Grumman calling the region home. The region has been at the forefront of the metals manufacturing industry since the early 1800s. International Wire, Owl Wire (owned by the Marmon Group), and TECT all have major manufacturing operations in the Mohawk Valley.

PIZZA HUT | New Hartford (Utica), NY | 22 SUMMARY PROFILE 2000-2010 Census, 2017 Estimates with 2022 Projections Calculated using Weighted Block Centroid from Block Groups

Lat/Lon: 43.0827/-75.3280 RS1 8400 Seneca Turnpike 1 mi radius 3 mi radius 5 mi radius SNeUwM HMarAtfoRrdY, N PYR 1EXECUTIVEO34F13ILE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW 2000-20120170 Ce Estimatednsus, 2017 Population Estimates with 2022 Projections 3,442 28,811 78,767 Calculated using Weighted Block Centroid from Block Groups Utica Overview • Demographics • 2022 Projected Population 3,345 28,118 79,061 N O I 2010 Census Population 3,618 29,717 82,503 Downtown Utica T

--La DEMOGRAPHICSt/LA on: 200043.08 Census27/-75.3 Population280 -- 3,423 29,807 81,092 L RS1 U

P Projected Annual Growth 2017 to 2022 -0.6% -0.5% 0.1% 840O 0 Seneca Turnpike P Historical Annual Growth 2000 to 2017 1 mi radius - 3 mi ra-0.2%dius 5 mi ra-0.2%dius New Hartford, NY 13413 1 Mile 3 Miles 5 Miles 2017 Median Age 51.3 45.6 39.3 2017 Estimated Population 3,442 28,811 78,767 2017 Estimated Households 1,726 13,285 34,274 2022 Projected Population 3,345 28,118 79,061 S N

D 2022 Projected Households 1,724 13,315 35,233 O L

I 2010 Census Population 3,618 29,717 82,503 O T 2010 Census Households 1,698 13,177 34,057 A H 2000 Census Population 3,423 29,807 81,092 L E U

S 2000 Census Households 1,403 12,503 33,111 P U Projected Annual Growth 2017 to 2022 -0.6% -0.5% 0.1% O O

P Projected Annual Growth 2017 to 2022 - - 0.6% H

POPULATION Historical Annual Growth 2000 to 2017 - -0.2% -0.2% Historical Annual Growth 2000 to 2017 1.4% 0.4% 0.2% 2017 Median Age 51.3 45.6 39.3 2017 Estimated White 92.0% 91.9% 78.2% 2017 Estimated Households 1,726 13,285 34,274 2017 Estimated Black or African American 2.1% 2.5% 9.4% D S Y N T D 2022 Projected Households 1,724 13,315 35,233 I

L 2017 Estimated Asian or Pacific Islander 4.3% 3.4% 7.1% A C I O E 2010 Census Households 1,698 13,177 34,057 N H C 2017 Estimated American Indian or Native Alaskan - 0.1% 0.2% H E A T

S 2000 Census Households 1,403 12,503 33,111 R

E 2017 Estimated Other Races 1.5% 2.2% 5.1% U

O Projected Annual Growth 2017 to 2022 - - 0.6% H 2017 Estimated Hispanic 2.3% 3.0% 6.8% HOUSEHOLDS Historical Annual Growth 2000 to 2017 1.4% 0.4% 0.2%

E 2017 Estimated Average Household Income $73,724 $86,058 $71,359 Utica College M 2017 Estimated White 92.0% 91.9% 78.2% O 2017 Estimated Median Household Income $59,525 $65,600 $54,573 C

N 2017 Estimated Black or African American 2.1% 2.5% 9.4% D I Y 2017 Estimated Per Capita Income $37,136 $39,755 $31,184 N T I 2017 Estimated Asian or Pacific Islander 4.3% 3.4% 7.1% A C I E

N 2017 Estimated Elementary (Grade Level 0 to 8) 3.0% 2.8% 5.4% C 2017 Estimated American Indian or Native Alaskan - 0.1% 0.2% H A

T 2017 Estimated Some High School (Grade Level 9 to 11) 6.1% 4.1% 6.8% R

E 2017 Estimated Other Races 1.5% 2.2% 5.1% N ) This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. representation herein is provided without information The be reliable. sources deemed to and government private from was produced using data report This + O

I 2017 Estimated High School Graduate 31.0% 27.0% 28.4% 5 T 2

RACE & ETHNICITYRACE 2017 Estimated Hispanic 2.3% 3.0% 6.8%

E 2017 Estimated Some College 21.8% 20.1% 19.3% C G U E

A 2017 Estimated Average Household Income $73,724 $86,058 $71,359

D 2017 Estimated Associates Degree Only 9.4% 11.1% 11.0% ( M E O 2017 Estimated BachelorsMedian Household Degree Only Income $59,52516.5% $65,600 19.6% $54,57317.1% C N I 2017 Estimated GraduatePer Capita Degree Income $37,13612.2% $39,755 15.3% $31,18412.0% INCOME

S 2017 Estimated TotalElementary Businesses (Grade Level 0 to 8) 3.0%416 1,864 2.8% 3,9525.4% S

E 2017 Estimated TotalSome Employees High School (Grade Level 9 to 11) 7,0146.1% 25,872 4.1% 50,5146.8% N N ) I This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. representation herein is provided without information The be reliable. sources deemed to and government private from was produced using data report This + O S I 2017 Estimated High School Graduate 31.0% 27.0% 28.4% 5 2017 Estimated Employee Population per Business 16.9 13.9 12.8 U T 2

B A BUSINESS E 2017 Estimated Some College 21.8% 20.1% 19.3%

C 2017 Estimated Residential Population per Business 8.3 15.5 19.9 G U A

D 2017 Estimated Associates Degree Only 9.4% 11.1% 11.0% ( E 2017 Estimated Bachelors Degree Only 16.5% 19.6% 17.1% ©2018, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 10/2017, TIGER Geography 2017 Estimated Graduate Degree 12.2% 15.3% 12.0%

S 2017 Estimated Total Businesses 416 1,864 3,952 PIZZA HUT | New Hartford (Utica), NY | 23 S

E 2017 Estimated Total Employees 7,014 25,872 50,514 N I

S 2017 Estimated Employee Population per Business 16.9 13.9 12.8 U B 2017 Estimated Residential Population per Business 8.3 15.5 19.9

RYAN BARR RYAN BENNETT BARR&BENNETT Principal Principal NETLEASEDINVESTMENTS A Lee & Associates Team 760.448.2446 760.448.2449 [email protected] [email protected]

Lee & Associates hereby advises all prospective purchasers of Net-Leased Invesment property as follows:

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

As the Buyer of an investment 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. Lee & Associates 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 an investment 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 investment 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 Lee & Associates and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this investment property.

JENNIFER D. STEIN JDS Real Estate Services, Inc. NY Real Estate Broker Lic No. 10311205848 213.446.5366

No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice.