INVESTMENT OPPORTUNITY

BMO HARRIS NEW “SMART BRANCH” CONCEPT , WI

OFFERED AT: $1,881,000 | 5.50% CAP OFFERED AT $2,027,000 | 6% CAP

Actual Property EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

TABLE OF CONTENTS

EXECUTIVE SUMMARY 4 Executive Summary 5 Investment Highlights 6 Lease Summary & Rent Overview 7 Lease Abstract

PROPERTY INFORMATION 9 Location Maps 10 Site Plan 11 Property Photos 12 Aerials

TENANT OVERVIEW 18 About BMO Harris Bank

AREA OVERVIEW 21 Milwaukee Overview 22 Demographics

Confidentiality Agreement & Disclosures

EXCLUSIVELY LISTED BY RYAN BARR RYAN BENNETT Principal Principal 760.448.2446 760.448.2449 [email protected] [email protected]

LOCAL MARKET EXPERT TODD WALLER Principal 608.327.4001 [email protected]

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 BROKER OF RECORD: Actual Property Lee & Associates of Madison, LLC WI Brokers Lic# 701361-91

BMO HARRIS BANK | Milwaukee, WI | 2 EXECUTIVE SUMMARY

BMO HARRIS BANK | Milwaukee, WI

BMO HARRIS BANK | Milwaukee, WI | 3 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

• Offering Summary • Investment Highlights Lease Summary & Rent Schedule Lease Abstract

-- OFFERING SUMMARY --

INVESTMENT HIGHLIGHTS PROPERTY OVERVIEW Offering Price: $1,881,000 Address: 3637 W Fond Du Lac Milwaukee, WI Net Operating Income: $103,472 Property Size: Approx 2,216 Sq. Ft. Cap Rate: 5.50% Land Size: Approx 12,209 Sq. Ft. Price/SF: $848 Ownership: Fee Simple (Land, Building) Lease Type: Absolute Triple-Net (NNN) Year Built: 2017

Lee & Associates is pleased to exclusively offer for sale, the fee simple interest (land & building) in a BMO Harris Bank property located in Sherman Park Neighborhood of Milwaukee, WI (the “Property”). Built in 2017, the Property consists of a 2,216-square- foot retail building with a drive-thru teller lane that sits on an approximately 12,209-square-foot parcel. The subject property is leased to BMO Harris Bank. Established in 1882 as Harris Bank, and owned by BMO Financial Group (TSX, NYSE: BMO) since 1984, BMO Harris Bank has grown to become one of the largest in the Midwest serving personal, commercial and affluent customers. BMO is the eighth largest bank in North America by assets, with total assets of $710 billion and provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers. This asset shows off BMO’s new “Smart Branch” concept — the first such branch in . The “Smart Branch” Concept provides customers with a new and engaging environment that brings together high-tech convenience and personal service to customers such as video conferencing, smart ATMs, laptops & tablets, and free WIFI, in a unique, open building format tailored to fit customer’s evolving needs (see page 19). The subject property is a new build-to-suit and a relocation site for BMO Harris Bank, built in late 2017. It sits across the street from a former site where BMO (formerly M&I Bank) conducted business for nearly 58 years, continuing BMO’s long -term community partnership with the Sherman Park neighborhood. The new absolute NNN lease has 10 years remaining and features 2% annual rent increases, providing an investor with a safe and creditworthy passive investment with aggressive rent growth. The subject property is located within the Milwaukee neighborhood of Sherman Park along W. Fond Du Lac Avenue. This corridor is the main traffic corridor, offering excellent visibility and signage to over 24,000 cars per day. Additionally, the property is located on the hard corner intersection of W. Fond Du Lac Ave and N. 37th St, a location that offers multiple access points into the property for easy in/out entry to the property. This investment property is located in the city of Milwaukee, WI. Milwaukee is the largest city in the state of Wisconsin with an estimated population in 2017 of 595,351, and the fifth-largest city in the Midwestern . It is located on Lake Michigan’s western shore. Milwaukee is the main cultural and economic center of the Milwaukee metropolitan area. Milwaukee is the second-most densely populated metropolitan area in the Midwest, surpassed only by . The city is undergoing its largest construction boom since the 1960s. Major new additions to the city in the past two decades include the Milwaukee Riverwalk, the Wisconsin Center, Miller Park, an expansion to the Milwaukee Art Museum, Milwaukee Repertory Theater, and Pier Wisconsin, as well as major renovations to the UW–Milwaukee Panther Arena. The Fiserv Forum, a multi-purpose arena that is the home of the of the National Basketball Association (NBA) and the Marquette Golden Eagles men’s basketball team of Marquette University, opened in late 2018.

BMO HARRIS BANK | Milwaukee, WI | 4 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Offering Summary • Investment Highlights • Lease Summary & Rent Schedule Lease Abstract

-- INVESTMENT HIGHLIGHTS -- DOWNTOWN MILWAUKEE

INVESTMENT GRADE CREDIT TENANT: BMO HARRIS BANK (S&P: A+) • 8TH LARGEST BANK IN NORTH AMERICA The subject property is leased to BMO Harris Bank. Established in 1882 as Harris Bank, and owned by BMO Financial Group (TSX, NYSE: BMO) since 1984, BMO Harris Bank has grown to become one of the largest banks in the Midwest serving personal, commercial and affluent customers. BMO is the eighth largest bank in North America by assets, with total assets of 145 $710 billion and provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers (see page 18). BMO’S NEW “SMART BRANCH” CONCEPT • FIRST “SMART BRANCH” LOCATION IN THE STATE OF WISCONSIN BMO’s “Smart Branch” concept — the first such branch in Wisconsin – provides customers with a new and engaging environment that brings together high-tech convenience and personal service to customers such as video conferencing, smart ATMs, laptops & tablets, and free WIFI, in a unique, open building format tailored to fit customer’s evolving needs (see page 19). NEW BUILD TO SUIT CONSTRUCTION • RELOCATION SITE • 13 YEAR ABSOLUTE NNN LEASE • 2% ANNUAL RENT INCREASES The subject property is a new build-to-suit and a relocation site for BMO Harris Bank, built in late 2017. It sits across the street from a former site where BMO (formerly M&I Bank) conducted business for nearly 58 years, continuing BMO’s long -term community partnership with the Sherman Park neighborhood. The new absolute NNN lease has 10 years remaining and features 2% annual rent increases, providing an investor with a creditworthy passive investment with aggressive rent growth. LOCATED IN THE SHERMAN PARK NEIGHBORHOOD ALONG W. FOND DU LAC (24,000+ CPD) • MAJOR TRAVEL CORRIDOR • MULTIPLE ACCESS POINTS The subject property is located within the Milwaukee neighborhood of Sherman Park along W. Fond Du Lac Avenue. This corridor is the main traffic corridor, offering excellent visibility and signage to over 24,000 cars per day. Additionally, the property is located on the hard corner intersection of W. Fond Du Lac Ave and N. 37th St, a location that offers multiple access points into the property for easy in/out entry to the property. DENSE INFILL LOCATION • OUTSTANDING SURROUNDING DEMOGRAPHICS The dense infill site offers outstanding demographics, with over 235,000 people living within a 5-mile radius of the subject property with an average household income of $51,427, lending well to the tenant’s concept and supporting its continued W FOND DU LAC AVE (24,000 CPD) success. LOCATED IN MILWAUKEE • LARGEST CITY IN WISCONSIN • NEW CONSTRUCTION BOOM The subject property is located in Milwaukee, WI. Milwaukee is the largest city in the state of Wisconsin with an estimated population in 2017 of 595,351, and the fifth-largest city in the Midwestern United States. It is located on Lake Michigan’s western shore. Milwaukee is the main cultural and economic center of the Milwaukee metropolitan area. Milwaukee is the 145 second-most densely populated metropolitan area in the Midwest, surpassed only by Chicago. The city is undergoing its largest construction boom since the 1960s. Major new additions to the city in the pasttwo decades include the Milwaukee Riverwalk, the Wisconsin Center, Miller Park, an expansion to the Milwaukee Art Museum, Milwaukee Repertory Theater, and Pier Wisconsin, as well as major renovations to the UW–Milwaukee Panther Arena. The Fiserv Forum, a multi-purpose arena that is the home of the Milwaukee Bucks of the National Basketball Association (NBA) and the Marquette Golden Eagles men’s basketball team of Marquette University, opened in late 2018.

BMO HARRIS BANK | Milwaukee, WI | 5 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Offering Summary Investment Highlights • Lease Summary & Rent Schedule • Lease Abstract

-- LEASE SUMMARY -- -- RENT SCHEDULE --

LEASE INFORMATION LEASE TERM

TENANT: BMO Harris Bank TERM START DATE END DATE NOI/YR NOI/MO NOI/SF/YR

GUARANTY: Corporate Year 4 4/27/2020 4/26/2021 $103,472.02 $8,622.67 $46.69

CREDIT: S&P: A+ Year 5 4/27/2021 4/26/2022 $105,541.46 $8,795.12 $47.62

BUILDING SIZE: 2,216 Sq. Ft. Year 6 4/27/2022 4/26/2023 $107,652.30 $8,971.02 $48.58

LOT SIZE: 0.28 Acres Year 7 4/27/2023 4/26/2024 $109,805.34 $9,150.44 $49.55

RENT COMMENCEMENT: April 27, 2017 Year 8 4/27/2024 4/26/2025 $112,001.45 $9,333.45 $50.54

LEASE EXPIRATION: April 26, 2030 Year 9 4/27/2025 4/26/2026 $114,241.48 $9,520.12 $51.55

BASE TERM: 13 Years Year 10 4/27/2026 4/26/2027 $116,526.31 $9,710.52 $52.58

REMAINING LEASE TERM: 10 Years Year 11 4/27/2027 4/26/2028 $118,856.83 $9,904.73 $53.63

OPTIONS TO RENEW: None Year 12 4/27/2028 4/26/2029 $121,233.96 $10,102.83 $54.70

RENT INCREASES: 2% Annual Increases Year 13 4/27/2029 4/26/2030 $123,658.64 $10,304.88 $55.80

LEASE TYPE: Absolute Triple-Net (NNN)

LANDLORD RESPONSIBILITIES: None

ANNUAL RENT: $103,472

BMO HARRIS BANK | Milwaukee, WI | 6 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Offering Summary Investment Highlights Lease Summary & Rent Schedule • Lease Abstract •

-- LEASE ABSTRACT --

Tenant shall be responsible for and pay all costs, expenses and obligations of every kind and nature whatsoever relating to the Premises, the appurtenances to the Premises, and the use and Triple Net Lease: occupancy of the Premises, including all Taxes and assessments iimposed on the Land and the Building, all Building operating expenses, costs of all electricity, gas, water and sewer utilties, and all maintenance, repairs and upkeep needed to keep the Building and the Land, and all Building Improvements and Land Improvements, in good working order and repair.

Tenant shall pay, prior to the earlier of delinquency or the accrual of interest on the unpaid balance, all taxes and assessments of every type or nature assessed against, imposed upon or arising Property Taxes: with respect to the Premises, this Lease, the rental or other payments due under this Lease or Tenant during the Lease Term, including, without limitation all taxes and assessments upon the Premises or any part of the Premises and upon any Personal Property at the Premises belonging to Tenant, or any tax or charge levied in lieu of such taxes and assessments.

Tenant shall maintain with respect to the Premises, at its sole expense, the following types and amounts of : Property Insurance, Commercial General Liability Insurance of not less than Insurance: $1,000,000 per injury and occurrence, State Worker’s Compensation Insurance in the statutorily mandated limit, and Employer’s Liability Insurance with limits not less than $500,000, and such other insurance as may be necessary to comply with applicable laws.

Tenant shall pay when due all charges for the connection and use of water, gas, electricity, telephone, garbage collection, sewer use and other utility services supplied to the Premises during Utilities: the Lease Term.

Tenant shall, promptly and in no event later than fifteen ( 15) days after a request from Landlord or Lender, execute, acknowledge and deliver to Landlord or Lender a certificate in the form Estoppel Certificate: supplied by Landlord, Lender or any present or proposed mortgagee or purchaser designated by Landlord, an estoppel certificate detailing the terms of the Lease.

BMO HARRIS BANK | Milwaukee, WI | 7 PROPERTY INFORMATION

BMO HARRIS BANK | Milwaukee, WI

BMO HARRIS BANK | Milwaukee, WI | 8 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

• Location Maps • Site Plan Property Photos Aerials

-- LOCATION MAPS --

Keefe Avenue 79 M Eagle Express Elementary School iles Lines United MilwaukeeMilwaukee Scrap Madison Police Dept Milwaukee Union Cemetery 145 W. Burleigh St E. Burleigh St es UMS Trucking Mil 75 Milwaukee County Transit Systems Hopkins Lloyd Community Felmers O. Chaney School Rufus King Int’l Correctional Center Middle School W Center St E Center St Racine North Division s High School Janesville e

l

i

M

4 145 9 Capitol Stampings W North Ave E North Ave

Francis Starms Feeding America Discovery Brown StreetEastern Wisconsin Westside Academy Academy Learning Milwaukee County W Lisbon Ave Transit SystemsRoosevelt Middle Rockford School of the Arts 145 W Walnut St

Milwaukee County Health & Humane Svcs

W Highland Ave Wisconsin Milwaukee Conservatory Public Museum Chicago Aurora Sinai Medical Center Marquette W Wisconsin Ave MILWAUKEE Naperville Wisconsin Universiy High Marquette Community Svcs School University Harley Davidson Museum Potawatomi Hotel & Casino

BMO HARRIS BANK | Milwaukee, WI | 9 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps • Site Plan • Property Photos Aerials

-- SITE PLAN --

145

W. FOND DU LAC 145

145 W. FOND DU LAC

N. 37TH STREET

145

DRIVE THRU ATM

BMO HARRIS BANK | Milwaukee, WI | 10 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Site Plan • Property Photos • Aerials

-- PROPERTY PHOTOS --

Looking at Property from W Fond Du Lac

Entrance to Lobby of Subject Property Parking Along West Side of Property Drive Up ATM Lane

BMO HARRIS BANK | Milwaukee, WI | 11 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Site Plan Property Photos • Aerials •

-- OVERHEAD VIEW -- N 37TH ST

ACCESS ACCESS

145

ACCESS

W FOND DU LAC AVE (24,000 CPD)

145

W FOND DU LAC AVE (24,000 CPD) MILWAUKEE 145 POLICE DEPT ACCESS

BMO HARRIS BANK | Milwaukee, WI | 12 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Site Plan Property Photos • Aerials •

Lake Michigan • BOELTER FOODSERVICE • JENNARO BROTHERS Lake Michigan • FLORSHEIM • BIECK MANAGEMENT -- LOOKING NORTHEAST -- • WEYCO GROUP • BRIGGS & STRATTON • FORRER BUS INTERIORS • ONCOURSE INFO SVCS LINCOLN PARK COLUMBIA COLLEGE OF NURSING • MAGLIO COMPANIES • MILWAUKEE CYCLING CTR LIFE STORAGE NEW HAMPTON ACRO METAL ATHEA LABORATORIES GARDENS MID AMERICA IBC STAMPING BENZ OIL PACK-LOGIX PACKAGIN LAFOLLETTE SELECT AUTO LLOYD BARBEE 190 BUSINESS & ECONOMICS PARTS & SALES MONTESSORI SCHOOL PUBLIC ACADEMY OF MILWAUKEE SCHOOL NORTHWEST SIDE COMMUNITY DEVELOPMENT BENJAMIN DRS TECHNOLOGIES, INC. FRANKLIN SCHOOL 190 VANGUARD SCULPTURE SERVICES

MILWAUKEE DEPT CENTURY CITY OF PUBLIC WORKS LOFTS N 35TH ST PAK TECHNOLOGIES UNITED MILWAUKEE SCRAP EAGLE EXPRESS SSP INTERNATIONAL LINES UNITED MILWAUKEE SCRAP W BURLEIGH ST NORTHSTAR MANUFACTURING PRO PALLET RECYCLING SYMET, INC. STANDARD LOGEMANN SCRAP METAL N 35TH ST BROTHERS

CENTRAL HEALTH CLINIC UNITED MILWAUKEE UMS TRUCKING LLC SCRAP SHERMAN PARK SKRAP-COR SENIOR LIVING CENTER MILWAUKEE POLICE DEPT W FOND DU LAC AVE (24,000 CPD) 145 W FOND DU LAC AVE (24,000 CPD) 145 MILWAUKEE COUNTY TRANSIT SYSTEM

N 35TH ST

W BURLEIGH ST

BMO HARRIS BANK | Milwaukee, WI | 13 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Site Plan Property Photos • Aerials •

-- LOOKING SOUTHEAST -- DOWNTOWN MILWAUKEE Lake Michigan GENERAL MITCHELL POTAWATOMI INTERNATIONAL COLUMBIA ST MARY’S HOTEL & CASINO AIRPORT HOSPITAL MILWAUKEE GRAND AVENUE JOHNSON LOFTS PARK LOFTS E NORTH AVE BROWN STREET NORTH DIVISION ACADEMY HIGH SCHOOL ST ANN CENTER FOR INTERGENERATIONAL EMPLOY MILWAUKEE CAPITOL E NORTH AVE 145 CARE STAMPINGS CLARKE STREET WE ENERGIES RALPH H METCALFE MILWAUKEE PUBLIC PUBLIC SCHOOL LIBRARY SCHOOL W BURLEIGH ST SCHMIDT/KIL-BAC FOOD SERVICE MASTER LOCK CO LLC MATCO DISTRIBUTORS HADLEY TERRACE STANDARD UMS TRUCKING LLC APARTMENTS SCRAP METAL PRO PALLET MILWAUKEE COUNTY RECYCLING SKRAP-COR TRANSIT SYSTEM UNITED MILWAUKEE SCRAP LOGEMANN N 35TH ST BROTHERS SSP INTERNATIONAL

N 37TH ST W BURLEIGH ST NORTHSTAR MANUFACTURING

N 35TH ST CENTRAL HEALTH CLINIC MILWAUKEE W BURLEIGH ST POLICE DEPT SYMET, INC.

W FOND DU LAC AVE (24,000 CPD)

N 37TH ST 145 SHERMAN PARK SENIOR LIVING CENTER

BMO HARRIS BANK | Milwaukee, WI | 14 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Site Plan Property Photos • Aerials •

MAYFAIR MALL MAYFAIR COLLECTION • LUDELL MANUFACTURING MILWAUKEE -- LOOKING SOUTHWEST -- • BADGER ALLOYS REGIONAL • PRIME DIGITAL MEDIA MEDICAL COLLEGE MEDICAL • CREATIVE ENTERPRISES OF WISCONSIN CENTER • MILWAUKEE CABINETRY BLUE MOUND GOLF RESERVE AT & COUNTRY CLUB 175 WAUWATOSA VILLAGE WAUWATOSA 175 W NORTH AVE

WASHINGTON PARK WASHINGTON HIGH SCHOOL OF W CENTER ST N SHERMAN BLVDINFORMATION SAMUEL ROSENTHAL W NORTH AVE MEMORIAL LIBRARY WHEATON FRANCISCAN ST JOSEPH CAMPUS

W BURLEIGH ST W CENTER ST

N 37TH ST BOYS & GIRLS CLUB OF MILWAUKEE N SHERMAN BLVD

W BURLEIGH ST

N 35TH ST

MILWAUKEE COUNTY TRANSIT SYSTEM

145 W FOND DU LAC AVE (24,000 CPD) MILWAUKEE 145 POLICE DEPT SHERMAN PARK SENIOR LIVING CENTER

CENTRAL HEALTH W BURLEIGH ST N 35TH ST CLINIC N 37TH ST

BMO HARRIS BANK | Milwaukee, WI | 15 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

Location Maps Site Plan Property Photos • Aerials • MIDTOWN CENTER -- LOOKING NORTHWEST -- BUTLER GRANVILLE

190 MILWAUKEE MARSHALL HAMPTON IMPERIAL APARMENTS HIGH SCHOOL PUBLIC SCHOOL BARACK OBAMA FERNWOOD APARTMENTS CONGRESS GARDEN APARTMENTS PUBLIC SCHOOL SCHOOL OF CAREER MILWAUKEE & TECHNICAL HOUSING AUTHORITY EDUCATION FIFTY-THIRD STREET SCHOOL 145 N SHERMAN BLVD 190 PARKLAWN ASSEMBLY OF GOD CHURCH

W BURLEIGH ST TOWNSEND PUBLIC SCHOOL N SHERMAN BLVD

BOYS & GIRLS CLUB OF MILWAUKEE SHERMAN PARK EAGLE EXPRESS LINES SENIOR LIVING CENTER GAN MEAT N 35TH ST

UNITED MILWAUKEE SYMET, INC. SCRAP W FOND DUMILWAUKEE LAC AVE (24,000 CPD) CENTRAL HEALTH POLICE DEPT CLINIC

NORTHSTAR MANUFACTURING

N 35TH ST

145

BMO HARRIS BANK | Milwaukee, WI | 16 TENANT OVERVIEW

BMO HARRIS BANK | Milwaukee, WI

BMO HARRIS BANK | Milwaukee, WI | 17 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

• About BMO Harris Bank •

-- About BMO Harris Bank --

Established in 1882 as Harris Bank, and owned by BMO Financial Group (TSX, NYSE: BMO) since 1984, BMO Harris Bank has COMPANY OVERVIEW grown to become one of the largest banks in the Midwest serving personal, commercial and affluent customers. U.S. : BMO Financial Corp. BMO Harris Bank provides a broad range of personal banking products and solutions through over 600 branches, and fee-free access to over 43,000 ATMs across the United States. These include solutions for everyday banking, financing, investing, as well as a full suite of integrated Founded: 1817 commercial and financial advisory services. BMO Harris Bank’s commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. We partner closely with BMO Private Bank who serve a full range of client segments, from mainstream to Sales Revenues: $21 Billion (2017) ultra-high net worth, with a broad offering of wealth management products and solutions offered through offices across the United States. Net Income: $5.5 Billion (2017) We focus on building relationships with a vision to be the bank that defines great customer experience — building that reputation with new customers Total Assets: $710 Billion (2017) and deepening it with existing customers. We’re building our presence and making it easier for customers to do business with us through an integrated network of branches, mobile banking, online banking and ATMs, along with the expertise of our mortgage specialists, commercial bankers and financial Customers: 12 Million planners. Our goal in everything we do is to help our customers make sense of complexity, make better choices in investing, saving and borrowing Over 570 in , , , , Branches: and have confidence. We help our customers make money make sense by delivering the broadest range of . And, we have a deep , , , and Wisconsin commitment to the communities where our employees work and live. ATMs: 43,000 Employees:: 14,000+ Headquarters: Chicago, IL Website: www.bmoharris.com

ASSET INFORMATION (U.S. Dollars) Business Quarterly Ending (Q2) Period Ending BMO Harris Bank N.A. $112 billion $113.2 billion BMO Financial Corp. $136.6 billion $139.4 billion BMO Financial Group - U.S. $220.4 billion N/A BMO Financial Group $586.5 billion $588.8 billion

BMO HARRIS BANK | Milwaukee, WI | 18 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

• About BMO Harris Bank •

-- BMO Harris Bank - New “Smart Branch” Concept --

With consumers doing more of their banking online, many banking companies have started to drastically reduce their branch footprints and bring more technology into the in-person experience. BMO has been heavily focused on investing in both its digital and physical channels to enhance every customer touch point. The result: the “Smart Branch” concept. The new “Smart Branch” formats provide customers with digital experiences that fit everyday lifestyles while freeing up branch teams to spend more time engaging with customers. Bankers are always on-site and available to answer questions, provide financial advice and assist with the new bank technology. Conveniences and amenities found at smart branches include: • ATMs that offer customers options for Mobile Cash withdrawals without use of a debit card • Customers have the option of selecting their money denomination when withdrawing funds • Bankers equipped with laptops and tablets to help customers with the new bank technology and provide assistance for their financial needs • Bankers can issue debit/ATM cards instantly in the branch • Public WiFi is available to allow customers the convenience of using mobile devices to conduct their banking • The branch also has an office for mortgage bankers or business partners to take appointments, a processing room and a drive-up Smart ATM At around 2,000 square feet, this model may be used as a de novo or to “right- size” branches in existing markets. Video tellers are live agents that support the same authentication protocols and transactions as an in-branch teller. They also perform some traditional platform functions such stops on cards or changing account information. If a sales referral opportunity arises or a transaction requires branch staff (such as card reissue) tellers will message a branch associate. That associate joins the teller and customer at the ATM for a warm hand-off. BMO Harris is also relying on experts available through live video to deliver some products, such as financial advisers. Branch staff can see if the adviser is available and initiate a video call. One-time sales, such as mortgage products, may be handled by a central call center in the future. BMO Harris’ goal is for staff never to handle cash in smart branches. A current exception to that is meeting some of the coin and currency needs of business customers. The staff operates as universal associates, which involves conversation, guidance, assistance and account opening as well as assisting with using video tellers if needed and participating in video calls to expert specialists. Customer Wi-Fi allows branch staff to walk customers, on their own devices, BMO Harris Bank’s new Sherman Park branch is the first Wisconsin location through transactions like mobile check deposit. Customers can use their to feature BMO’s Smart Branch concept. mobile phones to make cash withdrawals from ATMs. And bankers use tablets to educate customers so that customers can handle their own transactions from home. Source: ABA Bank Marketing

BMO HARRIS BANK | Milwaukee, WI | 19 AREA OVERVIEW

BMO HARRIS BANK | Milwaukee, WI

BMO HARRIS BANK | Milwaukee, WI | 20 EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW

• Milwaukee Overview • Demographics Overview

-- MILWAUKEE OVERVIEW --

Milwaukee is the largest city in the state of Wisconsin and the fifth-largest city in the Midwestern United States. It is located on Lake Michigan’s western shore, at the confluence of three rivers: the Menomonee, the Kinnickinnic, and the Milwaukee. Ranked by estimated 2014 population, Milwaukee was the 31st largest city in the United States. The city’s estimated population in 2017 was 595,351. Milwaukee is the main cultural and economic center of the Milwaukee metropolitan area. It is also part of the larger Milwaukee-Racine-Waukesha combined statistical area, which had an estimated population of 2,026,243 in the 2010 census. Milwaukee is the second-most densely populated metropolitan area in the Midwest, surpassed only by Chicago. In 2012, Milwaukee was listed as a gamma global city by the Globalization and World Cities Research Network. Milwaukee began as a Great Lakes port in 1835, when the first commercial cargo vessel called at the struggling new village on the west shore of Lake Michigan. Settlers and traders were drawn to the site because of its Indian population, its access to the “western frontier” afforded by three separate streams; and the three great rivers (noted above) which flow into Lake Michigan at a central Point in Milwaukee harbor. The streams, have since been intensively developed with dock facilities, and expanded by dredging and channel improvements, and have become the focal point of a substantial commercial and industrial harbor development, handling millions of tons of commerce annually. FORTUNE 500 HEADQUARTERS th PORT OF MILWAUKEE AN ECONOMIC DRIVER Milwaukee is home to the international headquarters of many large companies and ranks 5 for number of Fortune 500 companies per capita. In addition the city has a high number of financial service firms, publishing and printing The Port of Milwaukee is southeastern Wisconsin’s transportation and distribution hub, playing a major role in the long-term companies, as well as a vibrant healthcare industry. Fortune 500 companies in Milwaukee include: economic stability and growth of the City of Milwaukee and the State of Wisconsin. • Johnson Controls #66 • 1,100+ Direct Jobs • Northwestern Mutual #109 • 900+ Indirect Jobs • Manpower Group #144 • $79.6 Million in Business Revenue • Rockwell Automation #409 • $35 Million in Federal, State & Local Taxes • Harley-Davidson #431 • Serviced by two major railroads (Union Pacific and Canadian Pacific) • NO limitation to any size vessel that can service the Great Lakes/ St. Lawrence System, either lake or foreign vessels. • Direct interstate highway access. • Inland river barges – access to the Mississippi and other inland rivers. • Increased Milwaukee area tourism - over 100,000 passengers yearly Source: www.city.milwaukee.gov SOMETHING’S BREWING • MILWAUKEE’S BEER INDUSTRY Synonymous with beer since the 1850s thanks to an influx of German immigrants, the city’s beery side still bubbles strong. Brew-loving travelers can tour both the Miller and the Lakefront breweries, have a draft at Best Place in former Pabst headquarters and sample the new wave of craft brews at the many local pubs. The German history also comes through in the local obsessions with sausages and dairy: get brats and beer cheese soup at Milwaukee Brat House and sample local cheeses at Uber Tap Room. Milwaukee is home to a variety of themed, seasonal festivals celebrating Milwaukee’s history and diversity, earning it its The Milwaukee Riverwalk System will extend 3.1 miles along The name Milwaukee comes from the Algonquin word millioke, nickname, the “City of Festivals.” The city hosts the Wisconsin State Fair, as well as the annual Summerfest, one of the largest both sides of the Milwaukee River, from the site of the former meaning “the good land.” music festivals in the country. Other festivals include PrideFest, the Great Circus Parade, Bastille Days, Festa Italiana, German North Avenue Dam, through Downtown and the Historic Third Fest, Polish Fest and a number of other ethnically themed festivals celebrating Greek, African, Arab, Irish and Mexican Ward to Lake Michigan. It draws a mix of high-end residential, cultures. commercial and recreational venues to its shoreline therefore Milwaukee Named One of Lonely Planet’s creating a highly active, pedestrian environment along the “Best in the U.S.” for 2016 - Read More river. BMO HARRIS BANK | Milwaukee, WI | 21 SUMMARY PROFILE 2000-2010 Census, 2018 Estimates with 2023 Projections Calculated using Weighted Block Centroid from Block Groups

Lat/Lon: 43.0763/-87.9593 RS1 3637 W Fond Du Lac Ave 1 mi radius 3 mi radius 5 mi radius SMUilwMauMkeAeR, WYI 5P3R21O6FILE 2000-20120180 Ce Estimatednsus, 2018 Population Estimates with 2023 Projections 31,651 235,050 507,906 Calculated2023 using Projected Weighted PopulationBlock Centroid from Block Groups 32,646 234,512 497,951

SUN MMARY PROFILE O

I 2010 Census Population 31,479 232,424 503,512 2S00U0T -M20M10 ACeRnsYus ,P 2R01EXECUTIVEO8 EFstIimLaEtes with 20 SUMMARY23 Projections PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW A 2000 Census Population 35,980 248,578 513,233 Calculated2L0a0t/0L A o-2n0: 14 0using3 .C0e7n6 Weighteds3u/-s8,7 2.9051 98Block3 Esti mCentroidates w fromith 2 0Block23 P Groupsrojections U L RS1 CalculatedP Projected using Weighted Annual Block Growth Centroid 2018 from to 2023Block Groups • Milwaukee0.6% Overview • - -0.4% • Demographics • O

363P 7 W Fond Du Lac Ave Historical Annual Growth 2000 to 2018 -0.7% -0.3% -0.1% Lat/Lon: 43.0763/-87.9593 1 mi radius 3 mi radius 5 mi radius Milwaukee, WI 53216 RS1 --La DEMOGRAPHICSt/Lon: 201843.07 Median63/-87.9 Age593 -- 30.1 31 31.9 3637 W Fond Du Lac Ave RS1 2018 Estimated Population 1 mi r31,651adius 3 mi235,050 radius 5 mi507,906 radius 3637 W2018 Fo nEstimatedd Du La Householdsc Ave 11,037 91,155 206,178 MilwS au2023kee, ProjectedWI 5321 Population6 32,646 234,512 497,951

D S 2023 Projected Households 1 mi r11,964adius 3 mi r 95,335adius 5 mi211,732 radius N L D O

I 2010 Census Population 31,479 232,424 503,512 MilwO au2010kee, CensusWI 53 2Households16 110,681 Miles 3 87,483Miles 5197,486 Miles T 2018 Estimated Population 31,651 235,050 507,906 H O A

E 2000 Census Population 35,980 248,578 513,233 L A

S 201820232000 EstimatedProjectedCensus Households PopulationPopulation 31,65132,64611,626 235,050234,512 90,609 507,906497,951199,603 U L N U S P O

O Projected Annual Growth 2018 to 2023 0.6% - -0.4%

I 2010 Census Population 31,479 232,424 503,512 O Projected2023 Projected Annual Population Growth 2018 to 2023 32,6461.7% 234,512 0.9% 497,9510.5% H O T N P A

O Historical Annual Growth 2000 to 2018 -0.7% -0.3% -0.1%

I 20102000 Census Population 31,47935,980 232,424248,578 503,512513,233 L A Historical Annual Growth 2000 to 2018 -0.3% - 0.2% T U L A P 20182000 CensusMedian AgePopulation 35,98030.1 248,57831 513,23331.9 L A Projected Annual Growth 2018 to 2023 0.6% - -0.4% POPULATION O

U L 2018 Estimated White 5.4% 23.1% 43.0% P P ProjectedHistorical AnnualAnnual GrowthGrowth 20002018 toto 20182023 -0.7%0.6% -0.3% - -0.4%-0.1% O 2018 Estimated BlackHouseholds or African American 11,03789.6% 91,155 67.6% 206,17842.5% D Y P S N D T Historical Annual Growth 2000 to 2018 -0.7% -0.3% -0.1% I 2018 Median Age 30.1 31 31.9 D S A 20182023 EstimatedProjected HouseholdsAsian or Pacific Islander 11,9641.3% 95,335 4.0% 211,7324.8%

C I L D I E O N I C E 20182010 EstimatedCensusMedian AgeHouseholds American Indian or Native Alaskan 10,6810.3%30.1 87,483 0.4%31 197,4860.6%31.9 H O H N

A 2018 Estimated Households 11,037 91,155 206,178 E T R A S

S 2000 Census Households 11,626 90,609 199,603 E 2018 Estimated Other Races 3.3% 5.0% 9.2%

D S 20182023 EstimatedProjected HouseholdsHouseholds 11,03711,964 91,15595,335 206,178211,732 U S L D O S O 2018Projected Estimated Annual Hispanic Growth 2018 to 2023 3.0%1.7% 5.1%0.9% 13.5%0.5% H O D S 20232010 ProjectedCensus Households Households 11,96410,681 95,33587,483 211,732197,486 H O L D HOUSEHOLDS E

O Historical Annual Growth 2000 to 2018 -0.3% - 0.2%

S 20102000 Census Households 10,68111,626 87,48390,609 197,486199,603 E H O 2018 Estimated Average Household Income $42,307 $51,427 $64,995 U S E M E O

S 2000 Census Households 11,626 90,609 199,603

O Projected Annual Growth 2018 to 2023 1.7% 0.9% 0.5%

H O 2018 Estimated MedianWhite Household Income $32,0185.4% $38,607 23.1% $48,33843.0% U S C O O N C

I 2018ProjectedHistorical Estimated AnnualAnnual Black GrowthGrowth or African 20002018 toto American 20182023 89.6%-0.3%1.7% 67.6% 0.9% - 42.5%0.5%0.2% D H O 2018 Estimated Per Capita Income $14,850 $20,201 $26,656 Y N D T I A 2018Historical Estimated Annual Asian Growth or Pacific2000 to Islander 2018 -0.3%1.3% 4.0% - 4.8%0.2%

C I

I 2018 Estimated White 5.4% 23.1% 43.0% E 2018 Estimated Elementary (Grade Level 0 to 8) 4.1% 4.2% 4.8% N I C E 2018 Estimated American Indian or Native Alaskan 0.3% 0.4% 0.6% H N A 2018 Estimated Black or African American 89.6% 67.6% 42.5% D 2018 Estimated White 5.4% 23.1% 43.0%

Y 2018 Estimated Some High School (Grade Level 9 to 11) 13.3% 12.0% 9.5% T R A N N D

T )

E 2018 Estimated Other Races 3.3% 5.0% 9.2% 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 I A + O 2018 Estimated Asian or Pacific Islander 1.3% 4.0% 4.8% 2018 Estimated Black or African American 89.6% 67.6% 42.5% D I

C I 2018 Estimated High School Graduate 34.9% 30.2% 26.0% Y 5 + I E T N D 2 5 T RACE & ETHNICITYRACE

I N I A

C E 2018 Estimated Hispanic 3.0% 5.1% 13.5% A 2018 Estimated AsianAmerican or Pacific Indian Islander or Native Alaskan 1.3%0.3% 4.0%0.4% 4.8%0.6%

E C I H N 2018 Estimated Some College 25.8% 23.5% 21.0% A C A I E T G R A U C N I

C E

E 2018 Estimated Other Races 3.3% 5.0% 9.2% A 2018 Estimated American Indian or Native Alaskan 0.3% 0.4% 0.6% E

D U 2018 Estimated Associates Degree Only 7.3% 7.5% 7.1% ( A H N

A 2018 Estimated Average Household Income $42,307 $51,427 $64,995 E T M E R A

E 2018 Estimated Other Races 3.3% 5.0% 9.2% O 2018 Estimated MedianHispanicBachelors Household Degree Only Income $32,0183.0%9.3% $38,607 14.4% 5.1% $48,33813.5%19.5% C O N C

I 2018 Estimated Graduate Degree 5.2% 8.2% 12.0% INCOME 2018 Estimated PerHispanic Capita Income $14,8503.0% $20,201 5.1% $26,65613.5% E 2018 Estimated Average Household Income $42,307 $51,427 $64,995 M E O S E 2018 Estimated ElementaryAverageMedianTotal Businesses Household Household (Grade IncomeLevel Income 0 to 8) $42,307$32,0184.1%602 $51,427$38,6076,149 4.2% $64,995$48,33820,3444.8% C O S M E E N C O I 2018 Estimated MedianPerTotal Capita Employees Household Income Income $32,018$14,8506,312 $38,607$20,201 74,085 $48,338$26,656294,684 N E 2018 Estimated Some High School (Grade Level 9 to 11) 13.3% 12.0% 9.5% I C O 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 S N C + O I 2018 Estimated Employee Population per Business 10.5 12.0 14.5 I 2018 Estimated Per Capita Income $14,850 $20,201 $26,656 U S 2018 Estimated High School Graduate 34.9% 30.2% 26.0% 5 +

T 2018 Estimated Elementary (Grade Level 0 to 8) 4.1% 4.2% 4.8% B 2 5

BUSINESS A 2018 Estimated Residential Population per Business 52.5 38.2 25.0

E 2018 Estimated Some College 25.8% 23.5% 21.0% C A 2018 Estimated ElementarySome High School(Grade (GradeLevel 0 Level to 8) 9 to 11) 13.3%4.1% 12.0% 4.2% 4.8%9.5% G U C N ) A 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

D U 2018 Estimated Associates Degree Only 7.3% 7.5% 7.1% ( A + O

I 2018 Estimated High School Graduate 34.9% 30.2% 26.0% E

5 + 2018 Estimated Some High School (Grade Level 9 to 11) 13.3% 12.0% 9.5% T N 2 5 ) 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 2018 Estimated Bachelors Degree Only 9.3% 14.4% 19.5% A + ©2018, Sites USA,O Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 04/2018, TIGER Geography I E 2018 Estimated HighSome School College Graduate 34.9%25.8% 30.2%23.5% 26.0%21.0% 5 + C A T 2 5 G U C

2018 Estimated Graduate Degree 5.2% 8.2% 12.0% A A D U

E 2018 Estimated Associates Degree Only 7.3% 7.5% 7.1%

( A 2018 Estimated Some College 25.8% 23.5% 21.0% C A E G U C A

S 2018 Estimated Bachelors Degree Only 9.3% 14.4% 19.5% D U 2018 Estimated Associates Degree Only 7.3% 7.5% 7.1% ( A 2018 Estimated Total Businesses 602 6,149 20,344 S E E 2018 Estimated TotalBachelorsGraduate Employees Degree Degree Only 6,3129.3%5.2% 74,085 14.4% 8.2% 294,68419.5%12.0% N E I

S 2018 Estimated EmployeeGraduate Degree Population per Business 5.2%10.5 8.2% 12.0 12.0%14.5 U S S 2018 Estimated Total Businesses 602 6,149 20,344 B S 2018 Estimated Residential Population per Business 52.5 38.2 25.0 E

S 2018 Estimated Total BusinessesEmployees 6,312602 74,0856,149 294,68420,344 BMO HARRIS BANK | Milwaukee, WI | 22 N E I S S E 2018 Estimated TotalEmployee Employees Population per Business 6,31210.5 74,085 12.0 294,68414.5 U S N E I B ©2018, Sites USA, Chandler,S 2018 Arizona, Estimated 480-491-1112 ResidentialEmployee Population Population per per Business Business page 1 of 1 Demographic 52.510.5Source: Applied Geographic38.2 12.0 Solutions 04/2018,14.525.0 TIGER Geography U S B 2018 Estimated Residential Population per Business 52.5 38.2 25.0

©2018, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 04/2018, TIGER Geography

©2018, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 04/2018, TIGER Geography EXCLUSIVELY LISTED BY LOCAL MARKET EXPERT

RYAN BARR RYAN BENNETT TODD WALLER Principal Principal Principal BARR&BENNETT 760.448.2446 760.448.2449 608.327.4001 NETLEASEDINVESTMENTS [email protected] [email protected] [email protected] A Lee & Associates Team

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.

BROKER OF RECORD: Lee & Associates of Madison, LLC WI Brokers Lic# 701361-91

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.

BMO HARRIS BANK | Milwaukee, WI | 23