CAHOKIA VILLAGE SHOPPING CENTER 1002-1100 CAMP JACKSON ROAD | , IL 62206 PROPERTY SUMMARY CAHOKIA VILLAGE SHOPPING CENTER 1002-1100 CAMP JACKSON RD Cahokia Village Shopping Center CAHOKIA, IL 62206 (the Property), a 96,426 square- foot retail center in Cahokia, . 96,426 SF Total Building Area

This single-story retail center is 10.84 Acres located in the SE Metro Illinois Total Site Area submarket. Built in 1960, the Property is situated on one parcel totaling 10.84 acres, providing ample 1960 surface parking ratio of approximately Year Built 5.2/1,000 RSF. The Property offers a location on the main retail corridor in Cahokia with easy accessibility to 500 MAJOR TENANT SUMMARY Route 3 (1.1 miles) and Interstate 255 Total Parking Stalls TENANT LEASED SF % OF PROPERTY LEASE EXPIRATIONS (1.5 miles), two main arterial highways in Southwestern Illinois. 8,000 SF 8.2% 12/31/2021 5.2/1,000 Overall Parking Ratio

2,400 SF 2.4% 5/31/2023 66.61% 10.79% Occupancy as of Projected Occupancy 6/25/19 starting 9/1/19

6 CAHOKIA VILLAGE ST. LOUIS METRO AREA HIGHLIGHTS at-a-glance ABUNDANT & PREPARED WORKFORCE St. Louis is a major regional business center with 16 Fortune 1000 headquarters and a highly diversified economy. St. Louis is a major center for financial services, 2,859,358 1,136,663 information technology, professional services, health care, and agribusiness. Residents Households HIGH STANDARD OF LIVING St. Louis has the 7th highest standard of living among the 53 largest U.S. MSAs. Urban, suburban, small town, and rural lifestyle options are available in the bi-state 39.4 $83,571 region, with multiple options for singles and families at housing costs nearly 30 percent below the national average. In 2017, Forbes named St. Louis as the “7th Median Age Average Income Most Affordable City” in the U.S.

CAPITAL & OPERATING COSTS St. Louis is renowned for its low cost of doing business. Greater St. Louis has the 9th lowest business costs of U.S. large international metro areas (over 2 million in population). St. Louis has an overall cost index of 96.1, according to the KPMG ST. LOUIS METRO TOP EMPLOYERS Competitive Alternatives report. COMPANY EMPLOYEES HIGH CORPORATE APPEAL Due to our competitive cost of living and our ability to offer employers a strong 28,975 talent pool for recruiting, several corporate partners have moved Information Technology departments to the St. Louis region, including Boeing, Nestle Purina, 22,290 Square, and KPMG. Moreover, our ability to affordably source tech talent is among the strongest reason offered by the National Geospatial Intelligence Agency (NGA) ST. LOUIS METRO AREA OVERVIEW in its decision to retain over 3,100 jobs and expand its second headquarters in the St. Louis has historically been known as the "Gateway to the West" due to its prominent role in the westward expansion 16,903 City of St. Louis. of the United States. The Gateway , arguable the city's most recognizable landmark, commemorates the acquisition With respect to nontechnical talent, the average wage in St. Louis is $48,584, fourth and settlement by the United States of all land west of the . Today, St. Louis lies at the heart of the 16,140 Greater St. Louis metropolitan area, the twentieth largest metropolitan area in the United States with a population of lowest among all large U.S. cities. In fact, Foreign Direct Investment magazine recently labeled St. Louis seventh of the top 10 “Large American Cities of the over 2.8 million. The city's central, Midwest location at the confluence of the Mississippi, and Illinois rivers Future” for human resources and talent. The region’s competitive cost of living has has earned it recognition as a center for transportation, distribution and logistics and more recently, St. Louis has 15,174 resulted in St. Louis attracting approximately 50 percent more of the 2,000 fastest experienced growth from it's successful tech and agricultural startup communities. While transportation and distribution growing private firms in the U.S., as indicated by its proportionate share of the are the driving forces behind St. Louis' economy, the local economy remains diverse and maintains a prominent role in U.S. population. Moreover, several recent publications have identified St. Louis as the auto manufacturing, aerospace development and defense production industries. a strong and growing Midwestern and national hub for new business creation and entrepreneurship, including the respected FiveThirtyEight.com, which offers that “St. Louis is the New Startup Frontier.” 4.9% 5.0% 4.7% 4.7% 4.7% 4.4% 4.2% 4.0%

2.7% 2.8%

1Q19 4Q18 3Q18 2Q18 1Q18 METRO MARKET ST. LOUIS CITY VACANCY RATE VACANCY RATE

The metro market vacancy rate has displayed a downward The St. Louis City vacancy rate displayed a downward trend trend decreasing 30 basis points over the past year. decreasing 130 basis points over the past year.

NET ABSORPTION AVERAGE RENT AND VACANCY ST. LOUIS METRO RETAIL OVERVIEW SQUARE FEET, MILLIONS SQUARE FEET, MILLIONS

1.0 Vacancy (%) Average Asking Rent (Price/SF) The St. Louis retail market has improved recently, with rents and occupancies both rising throughout this cycle. $13.50 7.75% Vacancies sharply decreased since 2013 and were within 100 basis points of their all-time low in early 2019. Asking 0.8 $13.00 7.00% rent gains decelerated to their slowest pace since 2014, with very little difference in asking rents from the end of 2017 0.5

$12.50 6.25% through 19Q1. Construction has also picked up recently, with more than 2.5 million SF added to the market since 0.3

2015. Net absorption still exceeded supply in this time, and the majority of space underway is in build-to-suit projects $12.00 5.50% 0.0 or spaces that have been preleased. Sales volume was at its lowest first quarter performance of the past six years, $11.50 4.75% with less than $25 million in transactions. This followed the second highest year for investment last year, when nearly -0.3

$500 million changed hands. -0.5 $11.00 4.00% 1Q14 1Q15 1Q16 1Q17 1Q18 1Q19 1Q14 1Q15 1Q16 1Q17 1Q18 1Q19 81,008 30,895 $76,363 POPULATION HOUSEHOLDS AVERAGE INCOME

SE Illinois Metro METRO MARKET VACANCY RATE VACANCY RATE

The SE Illinois Metro market vacancy rate has displayed The metro market vacancy rate has displayed a downward an upward trend increasing 170 basis points over the past trend decreasing 30 basis points over the past year. SE METRO ILLINOIS OVERVIEW year. SE Metro Illinois is a region in Illinois that comprises the south eastern suburbs of St. Louis, Missouri. It encompasses St. Clair and Monroe County in the St. Louis Metropolitan Statistical Area. The major towns in the region include Cahokia, Columbia, NET ABSORPTION AVERAGE RENT AND VACANCY Millstadt, Smithton and Waterloo. The area's largest town is Cahokia with recorded 2017 population of 14,151. SQUARE FEET SQUARE FEET CAHOKIA AREA OVERVIEW RETAIL MARKET OVERVIEW PROPERTY OVERVIEW

Address: 1002-1100 Camp Jackson Road, Cahokia, IL 62206

Location: The subject property is located in Cahokia Illinois, specifically located in St. Clair County. The building is a retail shopping plaza centered in the Cahokia community.

Zoning: B2- General Commercial District CAHOKIA Car Parking: The shopping center has a total of 500 parking spaces with a VILLAGE parking ratio of 5.2/1,000 and is handicapped accessible.

SE Illinois 1960 Metro Year Built Market aerial

96,426 SF 500 Net Rentable Area Parking Spaces

66.61% 10.79% Current Projected Occupancy Occupancy as of 6/25/19 starting 9/1/19 SITE PLAN

PROPERTY DESCRIPTION LANDSCAPING, SIGNAGE AND LIGHTING The landscaping consists primarily of green space, plants and shrubs. The property is identified from the adjacent thoroughfare by a large monument sign on the west side of Camp Jackson Road. The monument sign is illuminated by interior lighting. TENANT PROFILES

REPRESENTATIVE FLOOR PLANS

Building 1022 Camp Jackson Rd. Building 1020 Camp Jackson Rd. Lease Expiration 12/31/2021 Lease Expiration 5/31/2023 SF Leased 8,000 SF SF Leased 2,400 SF

% of Total SF 8.2% % of Total SF 2.4% Website www.familydollar.com Website N/A

Family Dollar is an American dollar variety U.S. Nails is a locally owned salon chain store. With over 8,000 locations across specializing in manicure and pedicure the United States, it is the 2nd largest dollar services. U.S. Nails has occupied the space store retailer. Family Dollar has a moody's since 2015. credit rating of Baa 3. Family Dollar has occupied the space since 1999.

OFFERING MEMORANDUM 27