4670 Roosevelt Blvd, Philadelphia, Pa

4670 ROOSEVELT BLVD, PHILADELPHIA, PA

CONFIDENTIAL OFFERING MEMORANDUM TABLE OF CONTENTS

4670 Roosevelt Blvd, Philadelphia, PA 19124

FOR ADDITIONAL INFORMATION, PLEASE CONTACT: 3 BRAD NATHANSON LIOR REGENSTREIF PROPERTY OVERVIEW Senior Managing Director Senior Managing Director of Capital Markets Investments +1 215 531 7005 +1 818 212 2730 [email protected] [email protected] License: PA: RS278775 License: CA: 01267761 9 LOCATION OVERVIEW DEAN ZANG MICHAEL HELPERN Executive Managing Director Debt & Structured Finance +1 202 536 3754 +1 212 430-5205 [email protected] [email protected] License MD: : 665335 License VA: 0225239201 2005 Market Street, Suite 1510 Philadelphia, PA 19103 www.marcusmillichap.com

Marcus & Millichap exclusively offers for sale a trophy ground lease with Chick-fil-A on a pad site to Northeast Tower Center located in Philadelphia, Pennsylvania. Constructed in 2016, Chick-fil-A has approximately 16 years remaining on a 20 year ground lease with attractive 10% rental increases every five years. Chick-fil-A operates more than 2,300 restaurants in the United States, third largest fast-food operator in the country, and has over $11 billion in revenue, remaining as one of the only fast food operators that remains private and all corporate leases. The average Chick- fil-A remains in the $4.6 million dollar range which is more than double to what an average McDonalds does in volume. The pad is situated fronting the Roosevelt Boulevard, a twelve- lane main artery within the city limits, with traffic counts exceeding 93,000 cars per day. Chick-fil-A is at the entrance to Northeast Tower Center, a 500,000 square foot shopping center anchored by the number one Home Depot in Pennsylvania performing in excess of $100 million in sales and Walmart. Additional tenants include Ross, Petsmart, Old Navy, DD’s, and Staples. The shopping center has been a staple in Northeast Philadelphia since 1996 with very little turnover, historically averaging close to 20 years on its tenancy. The Chick-fil-A came in as part of an expansion with a neighboring strip center occupied by Panda Express, Xfinity, and AM Best. The tenants at Northeast Tower have some of the best sales overall in the greater Philadelphia MSA. With only four restaurants servicing Northeast Tower, Chick-fil-A stands to benefit from the draw of a very successful shopping center on the most traveled highway within Philadelphia proper.

3 CHICK-FIL-A AT NORTHEAST TOWER CENTER EXECUTIVE SUMMARY

Property Overview Philadelphia Major Employers GLA 4,946 SF COMPANY INDUSTRY EMPLOYEES Price $3,750,000 Thomas Jefferson Health System Healthcare 24,700 Year Built 2016 University of PA Health System Healthcare 20,200 Lot Size .883 Acres Comcast Corporation Media & Tech 15,000 Zoning CMX-3 Children's Hospital of Philadelphia Net Operating Income $143,000 Healthcare 14,996 Cap Rate 3.81% Chubb International Insurance 9,680 Financing Free and Clear Wells Fargo Bank Banking 7,000 Parking 43 Spaces Independence Health Group Insurance 7,000 Parking Ratio 8.7:1 Glaxosmithkline Pharmaceutical 4,500 Defense Personnel Support Government 3,539 2020 Demographics Philadelphia Media Network 1 Mile 3 Miles 5 Miles Newspapers 3,500 Aramark Food Service 3,000 2020 Population 44,742 433,071 886,696 Urban Outfitters, Inc. Clothing 3,000 2020 Households 14,393 148,095 320,552 2020 Average HH Income $51,905 $51,541 $56,977 2020 Daytime Population 29,688 296,550 681,190

RENT ROLL

TENANT SQUARE LEASE TERM RENTAL RATES LEASE OPTIONS NAME FEET BEGIN END BEGIN PSF ANNUALLY TYPE AVAILABLE DATE PSF ANNUALLY COMMENTS / OPTIONS Chick-fil-A 4,927 Apr-2016 Apr-2036 Current $29.02 $143,000 Absolute Net 8 x 5 Option 1 $38.63 $190,333 Owner will credit back to Apr-2026 $31.93 $157,300 Option 2 $42.49 $209,366 purchaser the difference from COE until April 2021 the monthly Apr-2031 $35.12 $173,030 Option 3 $46.74 $230,303 rental increase of $1,083.33 Option 4 $51.42 $253,333 Option 5 $56.56 $278,667 Option 6 $62.21 $306,533 Option 7 $68.44 $337,187 Option 8 $75.28 $370,905

4 CHICK-FIL-A AT NORTHEAST TOWER CENTER INVESTMENT HIGHLIGHTS

SHADOW ANCHORED BY 500,000 SF CENTER WITH ◉ 84% of the overall gross leasable area of Northeast Tower Center has been a tenant at the property for at least fifteen CONSISTENT PERFORMING GLOBAL RETAILERS HOME years, speaking to the stability and performance of the DEPOT AND WALMART, SOME OF THEIR BEST PERFORMING retailers LOCATIONS WITHIN THE REGION AND STATE

85 M+ 3 RD STORE SALES HIGHEST VOLUME (NON-SUPERCENTER) STORE IN DISTRICT OF 9

◉ Hyper Urban Infill Location with over 433,000 people within three miles, located approximately 6.5 miles north of Center COMPLETE City Philadelphia INTERIOR 2,800,000 REMODEL IN 2016 ESTIMATED NUMBER OF VISITS PER YEAR ◉ Positioned next to major employers Cardone Industries Headquarters (5,000 employees) and Naval Support Activity Campus (5,200 employees – 2.25 million square feet) as well as the newly build Samuel Fels High School

◉ Temple University, the second largest university in Pennsylvania with over 40,000 students, is located just four miles south off of Route 611, providing for the closest regional SHADOW-ANCHORED shopping center for the students. #1 100 M STORE IN DISTRICT STORE SALES RANKS #25 IN CHAIN & 1,500,000 ESTIMATED NUMBER OF VISITS PER YEAR

5 CHICK-FIL-A AT NORTHEAST TOWER CENTER LEASE ABSTRACT

CHICK-FIL-A Cam, Insurance Fixed CAM annual contribution (every 1/1) for lease years 1-5 is $500 and increases by 10% every five years to the main shopping center. Absolute Net Ground Lease where tenant self-maintains Taxes Tenant pays 100% of real estate taxes assessed upon the premises (Chick-fil-A parcel a/k/a 4670 E. Roosevelt Blvd) directly to the Dept. of Revenue for the City of Philadelphia Management Fee None Guarantor Corporate - Chick-fil-A, Inc. Exclusive (i) No restaurant will be permitted on any portion of the Adjoining Property unless the restaurant independently maintains a parking ratio of the number of spaces required by law without a variance. In addition, no restaurants can be located in the building designated on Exhibit B as ""Restricted Building"", except as follows: (1) any restaurant in the Restricted Building shall be fast food or ""fast casual"" only, with no waiter or waitress service and no drive- through or drive-up service permitted, (2) the total square footage of restaurants in the Restricted Building shall not exceed 3,500 in the aggregate and (3) any restaurants shall be located in the 3,500 square feet of the northern-most portion of the Restricted Building (farthest away from the Land).

(ii) No portion of the Adjoining Property will be leased, used or occupied as a fast food restaurant selling or serving chicken as a principal menu item (the ""Chicken Restriction"") ""a fast food restaurant selling or serving chicken as a principal menu item"" means a fast food restaurant deriving 25% or more of its gross sales from the sale of chicken. Tenant makes an exception to the aforementioned Chicken Restriction solely in respect to a Panda Express Restaurant doing business in the Restricted Building in the northern-most ""end cap"" position of the Restricted Building (which space will be counted towards the 3,500 square foot limitation in (i) above). The specific exception will not be deemed to apply to any other agreement entered into by Tenant or waive any of its rights.

(iii) No portion of the Adjoining Property will be leased, used or occupied by or for any of the following uses: McDonald's, Wendy's, Arby's, Boston Market, Kenny Roger's, Kentucky Fried Chicken, Popeye's, Church's, Bojangle's, Mrs. Winner's, Carl's Jr., Hardee's, In N Out Burger, Chicken Out,Willie May's Chicken, Biscuitville, Zaxby's, Ranch One, El Polio Loco, Koo Koo Roo, Polio Campero, Polio Tropical, Charo Chicken, Raising Cane's. Chester's or Bush's Chicken. Go Dark If Tenant ceases to operate for business for a period in excess of 18 consecutive months, LL will have, as its sole remedy, the right to terminate the Lease upon providing 30 days written notice ROFR None Assignment/Sublease "Tenant may assign the lease or sublet all or part of the Premises without LL’s consent, but upon giving LL a written notice within 30 days after transaction. Tenant continues to remain liable for all of its obligations under the Lease. Notwithstanding the foregoing, if Tenant assigns the Lease to an entity with a net worth of $50,000,000.00 or greater, then on the date of the assignment Tenant will be released from any and all liability from and after the date of assignment.” Co-Tenancy None Sales Kickouts/Termination Rights None Sales Reporting/Percentage Rent None Provisions Cap-Ex and Repairs HVAC: Tenant is responsible to maintain and repair HVAC. Roof: Tenant is responsible to repair and replace. Parking Lot: Tenant is responsible to maintain and repair. Option Notice 12 months prior written notice to LL; 1st option due 4/30/2035

6 CHICK-FIL-A AT NORTHEAST TOWER CENTER CHICK-FIL-A TENANT PROFILE

2,300 11 B LOCATIONS IN THE UNITED STATES IN REVENUE

LARGEST FAST- RD FOOD OPERATOR 4.6 M 3 IN THE COUNTRY AVERAGE STORE REVENUE (DOUBLE MCDONALDS VOLUME)

7 CHICK-FIL-A AT NORTHEAST TOWER CENTER NORTHEAST TOWER CENTER SITE PLAN

Existing Power Plant Hair Buzz 1

2 3 8 9 10 4 5 6 7 11 12 13

1,550 SF Whitaker Avenue

22 23 24 Firehouse Foulkrod Street 25

17 16 19 Seafood 15 Palace 14 Bu et Langdon Street 18

20 21

Roosevelt Boulevard

Adams Avenue 1 PHILADELPHIA CENTRAL BUSINESS DISTRICT 6.5 Miles from the Property

40,031 STUDENTS

193,187 INCREASE 71,100 23,385 RESIDENTS SINCE 2010 NEW JOBS SINCE 2009 RESIDENTIAL UNITS 22%

305,500 WAGE AND SALARIED 15,100 POSITIONS IN CENTER 2018 NEW JOBS ADDED CITY PHILADELPHIA

ADAMS AVE INTERSECTION - 19,000 VPD E ROOSEVELT BLVD - 93,000 VPD WHITAKER AVE - 17,350 VPD

NORTHEAST TOWER CENTER SOURCE: CENTERCITYPHILA.ORG 9 CHICK-FIL-A AT NORTHEAST TOWER CENTER CENTER CITY PHILADELPHIA

Major Employers

COMPANY INDUSTRY EMPLOYEES Thomas Jefferson Health System Healthcare 24,700 University of PA Health System Healthcare 20,200 Comcast Corporation Media & Tech 15,000 Children's Hospital of Philadelphia Healthcare 14,996 Chubb International Insurance 9,680 Wells Fargo Bank Banking 7,000 Independence Health Group Insurance 7,000 Glaxosmithkline Pharmaceutical 4,500 Defense Personnel Support Government 3,539 Philadelphia Media Network Newspapers 3,500 Aramark Food Service 3,000 Urban Outfitters, Inc. Clothing 3,000

10 CHICK-FIL-A AT NORTHEAST TOWER CENTER McDonald’s One and Onley Square Adams Plaza Creighton Charter International Christian Rising Sun Plaza Schools (K-8) Charter (9-12) 700 Students 120 Students

® HAIR BUZZ

701 Beds 120 Employees

5,197 Students Grover Washington Middle School (5-8) 541 Students

227,500 SF Mixed use facility: office, retail, 116 Rooms church ADAMS AVE WHITAKER AVE

NORTHEAST TOWER CENTER

100 Acres - 219 Beds 1, 8, J, K, R

12 Lane Highway

Cardone Industries Inc. Headquarters E ROOSEVELT BLVD 1.3 Million sq. ft.

J, K, R COMBINED TRAFFIC COUNTS OF OVER 129,000 VPD 11 Philadelphia Protestant Oxford House Naval Support Activity Nursing Home Luxury Apartments 500,000 Residents live in Philadelphia 600 Beds 207 Units Northeast Philadelphia - 134 acre Naval Base - 2,250,000 Total sq. ft. Passenger volumes entering - 5,200 Employees - Consists of office-converted warehouses local SEPTA stations has for various Naval supply commands increased 78% since 2000 - Living quarters for US Navy Sailors Lawndale Plaza - Headquarters of Defense Logistics Agency

Samuel Fels High School 988 Students (9-12) Built in 2009

Thalheimer Brothers LLC 101 Employees Cardone Industries Inc. 60,000 total sq. ft. Headquarters Asian Superstore 1.3 Million sq. ft.

Aria Jefferson Health 855 Beds

NORTHEAST TOWER CENTER

J, K, R COMBINED TRAFFIC COUNTS OF OVER 12 129,000 VPD LOCATION OVERVIEW

Northeast Tower Center is located in Philadelphia, Pennsylvania within Philadelphia County, the 6th largest city in the United States with a population of over 1.58 million people. Northeast Tower Center is the closest regional shopping center to

LewisburgmajorDanville colleges Temple UniversityHazleton (5 miles) and La Salle University (3.5 miles).

Parsippany-Troy Jim Thorpe 80 95 Sunbury15 11 209 Hackettstown Hills The Bronx Lehighton

Selinsgrove Shamokin61 Danielsville 46 Morristown Manhattan 54 33 9A 90 MILES TO NEW YORK CITY 25A 81 611 280 Newark 295 Queens St Clair 209 New York 287 225 Pottsville Northampton Easton 206 Brooklyn Schuylkill 309 678 Haven 27 Allentown 78 Piscataway 278 Elizabethville 209 78 Kutztown Flemington Edison

476 183 Quakertown 27 36 PENNSYLVANIA Perkasie 95 72 202 Princeton 81 Lebanon Reading 35 Doylestown Long Branch Hershey Harrisburg 18 Camp Hill Pottstown 33 76 Trenton Freehold Asbury Park Township Ephrata 422 Elizabethtown Lititz 276 Levittown 195 23 222 King of New Holland Jackson Prussia 322 Township Brick 76 Township Lancaster Intercourse Exton Wayne 13

30 95 Coatesville 611 70 York West Chester Philadelphia Mt Laurel Toms River 30 Township 222 322 NEW JERSEY 1 Chester Deptford 206 72 74 295 Township Barnegat 83 Oxford Township Wilmington Wharton State Forest Sta ord Newark Township New Castle 55 NORTHEAST 95 40 322 Long Beach TOWER CENTER9 Elkton Island MARYLAND Beach Haven Bel Air24 Aberdeen Hamilton Vineland Township Galloway Middletown 695 1 Owings Mills Bridgeton 50 Towson Millville Egg Harbor 13 CHICK-FIL-A AT NORTHEAST TOWER CENTER 49 Township Atlantic City 70 301 Middle695 River Baltimore Smyrna 895 Ocean City 300 47Woodbine Chestertown Columbia DELAWARE 95 2 Glen Burnie 313 Dover Delaware Bay Sea Isle City 10 Camden 97 50 Centreville Bowie Wildwood Annapolis Queenstown TRANSPORTATION IN THE NORTHEAST

The Northeast’s main traffic arteries are Interstate 95 (Delaware Expressway) and Roosevelt Boulevard (U.S. 1). Roosevelt Boulevard begins at the Schuylkill Expressway in Fairmount Park, running as a freeway also known as the Roosevelt Boulevard Extension or the Roosevelt Expressway through North Philadelphia, then transitioning into a twelve-lane divided highway that forms the pine of Northeast Philadelphia to its end at the city line. Major secondary arteries include Cottman Avenue (PA 73), Frankford Avenue (US 13), Woodhaven Road (PA 63), Grant Avenue, Oxford Avenue (PA- 232), State Road, Bustleton Avenue (PA-532), Bridge Street, Harbison Avenue, and Academy Road. The Northeast is served by SEPTA’s Market-Frankford Line, often called the Frankford El” or “the El” because portions of the rail line are elevated above streets below, including Frankford and Kensington avenues. The northernmost and easternmost terminus of the line is at the Frankford Transportation Center, Frankford Avenue and Bridge Street. Three commuter rail lines also serve the Northeast. Many SEPTA bus routes and all three of its trackless trolley routes run through the Northeast. Most north-south routes terminate at the Frankford Transportation Center. Nearby Lawndale Station and Cheltenham Station primarily serve the Lawndale neighborhood in addition to some residents from Cheltenham, PA and are located just minutes from Northeast Tower.

14 CHICK-FIL-A AT NORTHEAST TOWER CENTER EDUCATION

Philadelphia’s educational heritage began with the founding of one of the nation’s first universities 2018-2019 SCHOOL YEAR and a world-renowned Ivy League school - The University of Pennsylvania. Today, there are over ENROLLMENT 100 degree granting institutions within 50 miles of Center City Philadelphia, offering the highest Temple University 40,031 concentration of colleges and universities in the United States and producing over 66,000 new graduates every year. Twenty-six of them, including the five largest within the region, are located Community College of Philadelphia 26,081 within the City itself. Three major universities (Drexel University, Temple University and the University University of Pennsylvania 25,860 of Pennsylvania) are immediately adjacent to Center City. Business Week recently ranked the Drexel University 24,190 University of Pennsylvania’s Wharton School of Business the number two business school in the country. Philadelphia also boasts five medical schools and 26 teaching hospitals. The medical Thomas Jefferson University 7,831 schools include the University of Pennsylvania (the first in the nation), Jefferson, Temple, Drexel St. Joseph’s University 7,589 University College of Medicine, and Philadelphia College of Osteopathic Medicine. Correspondingly, LaSalle University 5,197 the Greater Philadelphia Region ranks in the top 10 U.S. metros in the number of engineering degrees obtained per year. University of the Sciences 2,231 University of the Arts 1,900 A recent study from CampusPhilly showed that 67% of students currently studying in Philadelphia Peirce College 1,833 have an interest in remaining in Philadelphia after graduation, up 15% since 2010.

OF CENTER CITY RESIDENTS HAVE A BACHELOR’S 61% DEGREE OR HIGHER

LA SALLE UNIVERSITY

15 CHICK-FIL-A AT NORTHEAST TOWER CENTER EDS & MEDS

HEALTHCARE One of the nation’s largest concentrations of health care resources is here in Greater Philadelphia. In addition to five medical schools, the region has two dental schools, three pharmacy schools, veterinary, optometry, and podiatry schools, with multiple area universities offering advanced degrees in biological sciences. There are more than 120 hospitals in the Greater Philadelphia area including specialized institutions such as Children’s Hospital of Philadelphia and Wills Eye Hospital. Well-known medical research centers include the Wistar Institute and Fox Chase Cancer Center.

SINCE 2005, HIGHER EDUCATION AND HEALTHCARE EMPLOYMENT IN PHILADELPHIA HAS INCREASED BY 17% AND NOW PROVIDES 37% OF ALL JOBS IN PHILADELPHIA.

PERCENTAGE OF TOTAL EMPLOYMENT IN EDUCATION & MEDICINE

PHILADELPHIA BOSTON NEW YORK BALTIMORE WASHINGTON, DC

10% 15% 20%

#1 LARGEST PRIVATE EMPLOYER 2019 ND RATED 2 BEST CHILDREN’S HOSPITAL In Center City UNIVERSITY AND HEALTH SYSTEM In The Country 24,700 employees, a substantial increase since acquiring

Philadelphia University in 2017 Source: Center City District, US News, BLS

TH th RANKED #1 FOR BUSINESS, FINANCE, 4 BEST JOB PLACEMENT RATE RANKED 10 BEST HOSPITAL REAL ESTATE AND INSURANCE of Nation’s Colleges IN THE COUNTRY Undergrad Programs Hospitals of the University of Pennsylvania

16 CHICK-FIL-A AT NORTHEAST TOWER CENTER RENDERING FOR TEMPLE UNIVERSITY RECONSTRUCTION COMCAST TOWER EMPLOYMENT Since the recession, starting in 2009, Philadelphia has added 71,100 jobs, 44% of them in just the last two years. Philadelphia added jobs in 12 of the last 13 years, the longest period of expansion in more 71,100 than 50 years. The recovery has been led by education and health services, which account for 56% of NEW JOBS SINCE 2009 the jobs added in industries largely exempt from real estate and business taxes.

Growth occurred across all private sector categories, except manufacturing and financial and information services. Center City holds 305,500 wage and salaried positions with approximately 9,500 more individuals compensated as partners, self-employed, or working freelance. Located at the center of the region’s transit and highway network, 47.5% of downtown’s 305,500 jobs are held by commuters from outside the city; 52.5% are held by Philadelphians with the city. 13,600 IN 2016 Professional, business and financial services, real estate and information account for 40% of downtown jobs, occupying 43.5 million square feet of space - including the recent completion of the 1.8 million-square-foot Comcast Technology Center and Aramark’s 600,000-square-foot expansion at 2400 Market Street. Education and health services, the largest sector citywide, is the second largest 10,600 downtown with jobs provided by 14 colleges and universities and five hospitals, accounting for 20% IN 2017 of Center City employment. Entertainment, leisure, hospitality and retail provide 16% of downtown jobs in 354 arts and cultural institutions, 12,283 hotel rooms, 986 retail premises and 468 full-service restaurants. Federal, state and local government employment provides 12% of Center City jobs. 15,400 IN 2018

17 CHICK-FIL-A AT NORTHEAST TOWER CENTER CENSUS DEMOGRAPHICS

1-MILE 3-MILE 5-MILE

2020 Population - Current Year Estimate 44,742 433,071 874,506

2025 Population - Five Year Projection 45,273 437,703 886,696

2020 Population 25 and Over 27,317 274,828 575,156

POPULATION Ave HH Size 3.12 2.89 2.66

Median Age of Population 31.3 32.9 34.5

2020 Households - Current Year Estimate 14,393 148,095 320,552 HOLDS

HOUSE- 2025 Households - Five Year Projection 14,550 149,963 326,974

2020 Average Household Income $51,905 $51,541 $56,977

2020 Per Capita Income $16,724 $17,727 $21,244 H.H INCOME 2020 Median Household Income $37,294 $36,607 $38,831

2020 Owner Occupied Housing Units 56.9% 55.6% 54.4%

2020 Renter Occupied Housing Units 43.1% 44.4% 45.6%

HOUSING 2020 Vacant 6.5% 8.5% 9.6%

2020 Daytime Businesses 687 9,103 21,649

2020 Daytime Employment 11,518 87,458 220,240 DEMOS DAYTIME DAYTIME Daytime Population 29,688 296,550 681,190

2020 Total Consumer Spending $253.2M $2.7B $6.1B

2025 Total Consumer Spending $256.9M $2.9B $6.8B

2020 Average Household Consumer Spending $19,797 $19,102 $19,411 EXPENDITURE 2025 Average Household Consumer Spending $21,738 $20,881 $21,197

18 CHICK-FIL-A AT NORTHEAST TOWER CENTER MAJOR LOCAL EMPLOYERS ADJACENT TO NORTHEAST TOWER CENTER

2.25 MILLION 37 BUILDINGS NAVAL SUPPLY DEPOT SQ. FT 5,200 One of the largest employers in Northeast Philadelphia is the 134 ACRES EMPLOYEES Naval Supply Depot which employs 5,200 and is the single largest employer in the area. The Naval Support Activity (NSA) Philadelphia and Philadelphia Navy Yard Annex missions are to provide operationally ready, secure shore infrastructure built upon a streamlined shore installation management organization committed to quality of life to military members and civilian staffs and quality of community developed through extensive interaction and involvement with the community. The Support Activity in Northeast Philadelphia supports 424 on-site tenant organizations.

SAMUEL FELS HIGH SCHOOL CARDONE INDUSTRIES

988 Students attend the newly developed 9-12 High Cardone Industries USA Corporate Headquarters is located behind School, which sits behind Northeast Tower Center Northeast Tower Center. Cardone Industries, Inc., founded in 1970, is a leading supplier of automotive replacement parts with 5,000 employees. Since its beginning over 50 years ago, Cardone has grown from six employees into the largest privately-held automotive parts remanufacturer in the world.

19 CHICK-FIL-A AT NORTHEAST TOWER CENTER CONFIDENTIALITY AGREEMENT 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 prepared 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, nor 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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc.

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.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR IPA ADVISOR FOR MORE DETAILS.

SPECIAL COVID-19 NOTICE All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.)

20 CHICK-FIL-A AT NORTHEAST TOWER CENTER 4670 Roosevelt Blvd, Philadelphia, PA 19124

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

BRAD NATHANSON Senior Managing Director Capital Markets +1 215 531 7005 [email protected] License: PA: RS278775

LIOR REGENSTREIF Senior Managing Director of Investments +1 818 212 2730 [email protected] License: CA: 01267761

DEAN ZANG Executive Managing Director +1 202 536 3754 [email protected] License MD: : 665335 License VA: 0225239201