Dan Cooper [email protected] (216) 562-1981 x12 Cooper Commercial Investment Group 6120 Parkland Blvd., Suite 206 Bob Havasi , OH 44124 [email protected] (216) 562-1981 x10 www.coopergrp.com

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Disclosure & Confidentiality …….… & Confidentiality Disclosure Demographics ..…………………..…Demographics Location Maps .…………………..… Aerial Map ..……………………...….. Site Aerial..………………….… Plan PROPERTY ANALYSIS Tenant Overview …..……………….. Overview Tenant Offering Summary .……….………… Location Overview …………………. Investment Highlights ……...……… Investment Highlights INVESTMENT SUMMARY

3 INVESTMENT HIGHLIGHTS

• Freestanding, Single-Tenant Absolute NNN Location with 8.5+ Years of Term Remaining: Corporately Guaranteed by Rite Aid (Dark Location)

• Highly Attractive 10.25% CAP with Rent of $400,400 Through July, 2027

• Strategically Positioned at Signalized Hard Corner Intersection with Two of the Cleveland MSA’s Most Traveled Roadways, Ridge Road and Pearl Road: 87,000 VPD Surround the Property and 0.5 Miles to I-480 with 149,000 VPD

• High Density Market: Largest Suburb of Cleveland and 7th Largest City in with Over 300,000 People Within a 5-Mile Radius and Over $60,000 Average Household Income

• 3 Points of Ingress and Egress with Highly Visible, Prominent Signage Along Both Main Roadways

• Newer (2007 Construction) High-Quality Build with Drive-Thru on 1.56 Acre Site with No Management Responsibilities

• Excellent Exposure with Elevated Position and Modern Design in High Barrier to Entry Market

• Immediate Area Employment Base: 1 Mile to VA Outpatient Clinic, 2 Miles from University Hospital’s Parma Medical Center (2,000 Employees, Including 500+ Physicians), KeyBank Headquarter Location (2,400 Employees) and The Cleveland Plain Dealer (700+ Employees)

• Heavily Concentrated Business/Retail Corridor: Boasts Lowe’s, Ashley Homestore, Marc’s Grocery, Michael’s, Five Below, Bed, Bath & Beyond, AMC Movie Theatre, TJ Maxx, Michael’s, Best Buy, Arhaus The Loft, Value City Furniture, The BA Sweetie Candy Company Walmart Supercenter, Dick’s Sporting Goods, Panera Bread, Ulta Beauty and Various Other Complimentary Retailers

• Desirable Suburban Community with Short Commute 4 (8 Miles) to

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480 -

bed bed acute care - Wallace Wallace College - Williams, Williams, KeyBank, - 480 480 enters Cuyahoga miles miles of the featured - -

80 80 (Ohio Turnpike) that bypasses the use use development includes a power - - 480 480 just 0.5 miles north of the property -

mile mile from a VA Outpatient Clinic and 2 miles from 271. 271. Parma is home to over 5,000 businesses. The - - 77 77 and I -

LOCATION OVERVIEW LOCATION 71, 71, I - 480; 480; an auxiliary interstate of I - recognizable recognizable retailers, including: Best Buy, Arhaus The Loft, Dollar - 756,000 756,000 S.F. shopping center featuring an inviting new town center for 480 480 then approaches the Cleveland Hopkins International Airport (3 miles), - Hannifin, Hannifin, A. Schulman, Timken, J.Smuckers, Nestle, Cliffs Natural Resources and - particularly particularly the financial services, insurance, many boasts locations for major headquarter corporations such as The , and healthcare sectors. Northern University Ohio Hospitals, American Greetings, Progressive Insurance, Eaton First Energy, Corp., TRW, Goodyear Sherwin Tire, RPM Parker International, Diebold, Travel Centers of America. Additionally, Cleveland is home to main Research Jones Day. Center, and Glenn for NASA, The area proximi- is within close also operating facilities ty to several higher Heights Branch education 4 miles), Cleveland State University facilities: (13 miles), Baldwin Cuyahoga Community (7 miles) College and Case Western (Middleburg Reserve University (13 miles). Furthermore, the property is within just a few short Gateway minutes Complex, consisting of to and Cleveland’s Quicken Loans Downtown Arena, and near area, North which Coast Harbor, includes: including: The The Rock and Roll Hall of Fame, Science Center. Lakes Great the and First Energy Stadium, Rite Aid’s position considered on one of the the best locations intersection in all heaviest of of Parma. traveled Both Ridge roadways are roadways some Road of in property the and total the 87,000 Pearl vehicles Cleveland per Road day MSA. reports traffic and counts of 149,000 could Traffic vehicles I per day. With the constant flurry be counts of activity on surrounding all of the the main roads surrounding the traffic. The property, property the also building benefits is being surrounded inundated byRidge property, the from miles Just 0.5 by rooftops. is surrounded with that corridor business complimentary heavy retailers in the Park Square can be Michael’s, Five Below, found Bed, Bath & Beyond, AMC Movie Theatre, TJ Maxx, Michael’s that and hosts Lowe’s, many Ashley more. Just south Homestore, of Ridge Marc’s Park, the Discount, business additional and highly retail corridor continues with Tree, AT&T, Savers, Value City Furniture, The BA Sweetie Candy Company and a host of others. Continuing south just 2 miles, the redeveloped Shoppes of Parma can be found, which is a shopping, dining and entertainment. retailers The featured and office an building. center, outparcels anchored grocery center, The mixed include a Walmart Supercenter, Dick’s Sporting Goods, Panera Bread and Ulta Furthermore, Beauty. the property is just 1 University Hospital’s Parma Medical Center. The medical center is a 332 more 500 employs including 2,000, than The physicians. facility in area boasts also close Plain Cleveland The and employees 2,400 with location headquarter KeyBank a proximity 700. employs who Dealer Parma presents an overall arena, including its demographic profile, geographic location, community setting and business development. Being located as a suburb of Cleveland, many people commute to Downtown Cleveland for work and pleasure. Cleveland is the county seat of Cuyahoga County; businesses have the diversified from most the populous manufacturing sector county into the in service economy; Ohio. The region’s Situated Situated in , the centrally City located just of 8 Parma miles southwest is of Downtown the Cleveland. close 7th proximity to The I property largest sits in city in Ohio City of and Cleveland. Starting east through suburban Lorain County, I is County. I which serves as the primary airport for the area. crosses On interstates its I route, I area is also densely populated with over 300,000 people within asset. Its geographic 5 position places Parma within 500 miles of 50% of the population of dollars. U.S. payroll ofall 65% over and sales, of retail Canada, 50% U.S. and the

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3 $0 ($0) 2007 10.25% $400,400 $400,400 $400,400 $400,400 1.56 Acres $3,905,000 14,753 S.F. S.F. 14,753

Approx. 41Approx. Spaces Brick/Concrete/Steel Ton Rooftop MountedRooftop Ton - (4) 4

Financial Data Financial

OFFERING SUMMARY OFFERING

HVAC: Exterior: Ingress/Egress: Parking: Lot Size: Year Built: CAP Rate: NOI: Gross LeasableGross Area: Price:

NOI: Expenses: Effective Income: Gross Tenant Reimbursements: Rental Income:

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PSF $27.14 $29.85 $29.85 $32.84 $32.84

Yr. Options Yr.

- Annual Tenant Responsibility Tenant Responsibility Tenant Directly Handles Tenant Directly Handles Tenant Responsibility Tenant 20 Days Absolute Triple Net (NNN) Net Triple Absolute Years 8.5+ 2007 7/26/2007 7/31/2027 (4) 5 None None Responsibility Tenant Responsibility Tenant $400,400.00 $440,440.00 $440,440.00 $484,484.00 $484,484.00

Monthly

$36,703.33 $36,703.33 $40,373.67 $40,373.67 $33,366.67 TENANT SUMMARY TENANT

Tenant Base Rent Schedule Base Rent Tenant : : : :

(2028) (2033) (2038) (2044)

Option 1Option 2Option 3Option 4Option Lease Type: Lease Term: Lease Remaining Since: Tenant Commencement: Rent Date: Expiration Lease Extend: to Option (s): Increase Rental Terminate: to Options Roof: HVAC: Maintenance: & Repair Lot Parking Maintenance: Area Common Taxes: Estate Real Insurance: Structure: Refusal: First of Right Current:

counter counter

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products. products.

seasonal merchandise, and other every day and convenience cosmetics, cosmetics, household items, food/beverages, greeting cards, medications, medications, health and beauty aids, personal care items, segment segment sells prescription drugs and over Exchange Exchange under the ticker symbol RAD. The Retail Pharmacy

associates. associates. Rite Aid is publicly traded on the New York Stock the the East and West Coasts, employing more than 60,000 stores stores in 19 states, the company has a strong presence on both chains chains and Fortune 500 company. With approximately 2,550 Rite Aid Corporation is one of the nation's leading drugstore

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14.5 28.3 38.7 4.3% 8.1% 6.4% 2.6% 0.3% 9.4% 10.2% 34.9% 22.7% 13.4% 76.3% 11.4% 10,776 $60,531 $46,674 $26,410 156,046 304,628 132,446 132,733 5 mi radius

12.9 31.2 39.2 3.5% 8.6% 8.6% 5.8% 7.1% 2.8% 0.3% 6.1% 4,025 35.9% 24.1% 13.5% 83.8% 52,023 57,084 56,984 $60,050 $47,710 $27,348 125,664 3 mi radius

37 9.0 864 21.7 5.6% 3.9% 2.1% 0.2% 4.0% 2.3% 8.8% 9.7% 7,773 8,094 8,069 89.8% 34.6% 24.7% 14.3% 18,785 $61,720 $51,123 $26,633 1 mi radius

2018 Estimated Residential Population per Business per Population 2018 Estimated Residential 2018 Estimated Some High School (Grade Level 9 to School 11) High Level Some (Grade 2018 Estimated School2018 Graduate Estimated High College Some2018 Estimated Only Associates Degree 2018 Estimated Degree Only Bachelors 2018 Estimated 2018 Degree Estimated Graduate BusinessesTotal2018 Estimated Employees Total2018 Estimated Business Population per Employee 2018 Estimated 2018 Estimated Black or African American or AfricanBlack 2018 Estimated orAsian Pacific2018 Islander Estimated Alaskan orAmerican Indian Native 2018 Estimated Races2018 Estimated Other Household Average Income 2018 Estimated Income Household Median 2018 Estimated Income Per 2018 Capita Estimated 0 8) (Grade to Level Elementary 2018 Estimated 2018 Estimated Population 2018 Estimated 2018Age Median 2018 Estimated Households Households 2010 Census White 2018 Estimated

AND AND RACE RACE

INCOME (AGE 25+) (AGE BUSINESS ETHNICITY ETHNICITY EDUCATION POPULATION HOUSEHOLDS Parma, OH 44129 5455 Ridge Rd

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inclusive inclusive or -

DISCLOSURE & DISCLAIMER does not doubt its accuracy, the Cooper Group makes has not no verified it guarantee, and warranty as responsibility the confirm Recipient to the and independently accuracy or representation about it. completeness. Any projections, opinions, assumptions or estimates used It is your are for example performance only of and the do depends Property. on tax and factors other which should be evaluated by your tax, not The represent value advisors. legal and the of financial this current transaction or to future you to to contain all or part of the information which Recipients may perspective require to evaluate the purchase of real property. All financial projections and are only purposes reference general for provided are and information based on assumptions and other competition conditions, factors beyond the control of the owner relating to or The herein Cooper All disclosed references related Group. to acreage, the general square footages may other and/or be measurements and approximations economy, market the best information available. The summaries herein of do not purport to be complete information nor accurate descriptions of the included full agreements referenced. Photos herein are the Property and respective owners and use of these images without the express written consent of prohibited. is owner the The owner and the Cooper Group expressly reserve the right, at its sole purchase to offers or interest of allexpressions or any reject to discretion, the Property, and/or terminate discussions with any entity and any time with or without notice which Memorandum. may arise as a result of review of this Neither the owner or the directors, officers, Cooper affiliates or Group, representatives make nor any representation any or expressed warranty, or implied, as to of the or accuracy completeness of their respective this Memorandum or its contents; and investigators you and are inspections to of rely the solely purchase property on of in your the evaluating Property. a The information possible contained has been obtained in from sources to be this reliable. While the document Cooper Group The Memorandum contains property and selected does not information purport affairs to of the Property pertaining or be the owner of the a Property, to be all to representation of the the state of

Procuring brokers must must brokers Procuring

DISCLOSURE, & CONFIDENTIALITY DISCLAIMER CONFIDENTIALITY AGREEMENT

express further interest in the acquisition of the Property. Property. ofthe acquisition the in interest further express your your limited use and benefit in determining whether you desire to acknowledgment acknowledgment from The Cooper Group for recognized. representation This to is be a confidential Memorandum intended solely for provide written introductions of potential investors and receive written investors and of written receive potential provide introductions written acknowledgement of any procuring Brokerage Agreement is received is received Agreement of Brokerage procuring any acknowledgement from all parties to the transaction. investment procuring procuring broker fees in connection with separate this written investment Brokerage unless Agreement a is entered into and written Recipient Recipient nor The Cooper Group shall be obligated to pay any proposal proposal shall be forwarded, confidentiality, to The Cooper Group. Other than The Cooper Group, recipient agrees that neither offers or inquiries from Recipient in connection with this investment are the property of The Cooper Group and that all such information will be returned to The Cooper Group upon written request. Any confidentiality confidentiality of Confidential Information. Recipient and acknowledges agrees that the Confidential Information and any copies thereof shall take all precautions reasonably necessary to protect the Recipient Recipient shall limit access to the Confidential Information to those individuals in the Recipient’s organization with a “need to know” and dissemination dissemination of that information to unauthorized individuals. The acknowledges and agrees that the Confidential Information is of such is such that of Information the agrees Confidential and acknowledges a confidential nature that severe monetary damage could result from confidential confidential in nature and is not to be copied or disseminated to any party without the prior consent of The Cooper Group. The Recipient was was transmitted orally, in print, in writing or by electronic media is provided provided by The (collectively, the Cooper Confidential Information), whether Group said information which relates to the Property projections, projections, data information and any other similar information marketing, marketing, and informational materials including but lease not limited information, to occupancy information, financial information, for use in considering, evaluating and/or purchasing this property (the (the property this purchasing and/or evaluating inconsidering, use for contractual, all financial, that acknowledges The recipient “Property”). investment investment information to be supplied to you and your organization this package Investment (the Group {“Cooper Group”) “Recipient”) and the and confidentiality of the The Cooper Commercial understanding understanding regarding the relationship between the Recipient of The information within this Offering Memorandum will set forth an

Dan Cooper

[email protected] (216) 562-1981 x12 Cooper Commercial Investment Group 6120 Parkland Blvd., Suite 206 Bob Havasi Cleveland, OH 44124 [email protected] www.coopergrp.com (216) 562-1981 x10