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OFFERING MEMORANDUM

HANGER CLINIC ANCHORED MEDICAL OFFICE 7251 W 20TH ST UNIT M | GREELEY, CO 80634 7.25% ±3 3% $68,795 CAP RATE YEARS REMAINING INCREASES NOI 1 | CONTENTS

03 EXECUTIVE OVERVIEW

09 FINANCIAL OVERVIEW

11 TENANT OVERVIEW

12 AREA OVERVIEW

LISTED BY:

KYLE MATTHEWS Broker of Record License No. EC.100070704 (CO)

STANWOOD ROEDIGER Associate D: (818) 923-6116 M: (415) 686-9422 E: [email protected] License No. 02122658 (CA) EXECUTIVE SECTION OVERVIEW 01

3 PROPERTY HIGHLIGHTS

• Healthcare Real Estate - Healthcare properties are highly sought-after investments due to their resistance to economic downturns and e-commerce.

• High-Quality Construction Medical Office – 7251 W 20th St was built in 2003 and has recently been LIST PRICE refurbished with a new roof. Additionally, the property is outfitted with a basement in Hanger Clinic’s suite that serves as a lab. $948,900 • Inflation-Protected Lease Structures – Hanger Clinic features rental increases of 3% annually and Transitions Psychotherapy Group features rental increases of $100 annually, providing an owner with a safeguard against inflation.

LOCATION HIGHLIGHTS

TOTAL NOI • Affluent Income Levels – The surrounding market is affluent with income levels well above the national average at approximately $126,459, $112,664, and $87,116 in the 1, 3, and 5-mile radii. $68,795.32 • Long-term Operational History – Hanger clinic has operated in this space for years, and it has proved to be one of their most successful locations nationally. The psychology group has been occupying the space for years as well, demonstrating their success within the market.

• Hospital Proximity – The property benefits from extremely close proximity to a Banner Health Emergency Care building and various other medical offices. CAP RATE • Robust Population Growth – The population of the surrounding areas in the next five years is expected to grow 7.25% roughly 7.8%, 3.3%, and 2.5% in the 1, 3, and 5-mile radii, respectively.

• King Soopers Marketplace – The property is 1 mile away from a 100,000+ SF shopping center, providing great retail proximity to the property.

TENANT HIGHLIGHTS

LEASE TERM REMAINING • Hanger Clinic - Hanger Clinic operates over 800 locations across the country and was founded over 150 years ago. Hanger Clinic has treated more orthotic and prosthetic patients than any other provider in the world, aiding ±3 YEARS and caring for over one million patients annually.

• Transitions Psychology Group – Transitions is a local counseling service that is available for a wide variety of private, confidential, and affordable counseling services.

| 4 5 | YOUTH SPORTS GRACE CHURCH COMPLEX E

EMERGENCY CARE GRACE POINTE FAMILY PHYSICIANS SENIOR CARE COMMUNITY OF GREELEY DIAGNOSTIC CENTER MEDICAL LABORATORY UNIVERSITY SCHOOLS ±1,770 STUDENTS PHARMACY

71ST AVE

20TH ST ± 10,000 VPD

BEHAVIORAL HEALTH SUBJECT COUNSELING CENTER PROPERTY

| 6 EMERGENCY CENTER N

MEDEIROS HAND-WORKS

OUTERSCAPES LANDSCAPE

71ST AVE

SUBJECT PROPERTY

JOURNEY TECH SOLUTIONS

7 | FINANCIAL SECTION OVERVIEW 02

| 8 TENANT SUMMARY

Tenant Name Hanger Clinic INVESTMENT SUMMARY Type of Ownership Fee Simple Lease Type Gross Lease

List Price $948,900 Guarantor Corporate Guarantee

NOI $68,795.32 (Roof/Structure) Landlord

CAP Rate 7.25% Original Lease Term 5 Years

GLA ±5,583 SF Lease Commencement Date 1/1/19

Price/SF $189.73 Lease Expiration Date 12/1/23

Year Built 2003 Term Remaining ±3 Years

Increases 3% Annually

Options Two (2) Three (3) Years

SITE DESCRIPTION Tenant Name Transitions Psychology Group

Lot Size ± 2.27 Acres Type of Ownership Fee Simple

Type of Ownership Fee Simple Lease Type Gross Lease

Landscaping Professional Guarantor Personal Guarantee

Topography Generally Level (Roof/Structure) Landlord

Original Lease Term Years

Lease Commencement Date 3/1/19

Lease Expiration Date 2/1/23

Term Remaining ±3 Years

Increases $100 Annually

9 | ANNUALIZED OPERATING DATA FINANCIAL OVERVIEW

LEASE YEARS MONTHLY RENT ANNUAL RENT CAP RATE YEAR 1 Income Total $ PSF Rental Income $100,051.320 $17.92 Year 1 $8,338 $100,051.32 10.18% Effective Gross Revenue $100,051.320 $17.92 Expenses Real Estate Taxes $24,332 $4.36

Year 2 $8,541 $102,486.86 10.43% Insurance $1,596 $0.29 HOA $4,428 $0.79 Water $900 $0.16 Total Operating Expenses $31,256 $5.60 Year 3 $8,749 $104,992.47 10.68% Net Operating Income 68,795.32 $12.32

RENT ROLL

LEASE LEASE SQUARE % OF CONTRACT RENTAL RATE RENT RENT LEASE SUITE TENANT OPTIONS START END FEET GLA YEAR MONTH $ PSF/YR. INCREASES STRUCTURE

1 Hanger Clinic Jan-19 Dec-23 3,583 64.2% $77,851 $6,488 $21.73 3% annual Gross Lease Two (2) Three (3) Years

Transitions 2 Mar-19 Feb-23 2,000 35.8% $22,200 $1,850 $11.10 $100 annual Gross Lease N/A Psychology Group

Occupied Totals - In Place 5,583 25.1% $100,051 $8,338 $17.92

Totals 5,583 25.1% $100,051 $8,338 $4.50

Please contact a Barrington Capital agent for financing options:

BRIANJesse KREBSLillard (956)(818) 606-9476564-2922 [email protected]@barringtoncapcorp.com | 10 11 | TENANT SECTION OVERVIEW 03

| 12 HANGER CLINIC: PROSTHETICS & ORTHOTICS Hanger Clinic provides the best in prosthetic and orthotic care. its dedication and expertise can help patients regain independence and pursue the activities that they love. Hanger Clinic has strong relationships with area physicians and therapists and work closely with care teams to coordinate patient care and ensure exceptional patient outcomes.

13 | ±14.8 MI -

AREA SECTIONSECTION S OVERVIEW 0404

±37 MI - BOULDER

±48.3 MI -

GREELEY, CO Greeley is the county seat of Weld County, . Greeley is located in northern Colorado and is 49 miles north-northeast of the Colorado State Capitol in Denver. Among the companies based in Greeley are the meatpacker Swift & Company, the outsourcing company StarTek, and the contractor Hensel Phelps Construction. The Colorado/Kansas operations of natural gas utility Atmos Energy are based in Greeley. The majority of Greeley is located within the Weld County School District which includes four high schools, Greeley Central High School, Greeley West High School, Jefferson High School, and Northridge High School. More specifically, there are four middle schools, there are fourteen elementary schools, four charter schools, and at least five private schools.

When it comes to economic stability and job growth, Greeley was ranked as the number one city in America for job growth and the overall economy. It has been predicted that the city of Greeley is expected to easily double or come close to tripling in the near future. Greeley is also the largest city not located on an interstate highway, which means that it’s a little more protected from the challenges of increased traffic, etc. Overall, the city of Greeley is growing rapidly and we can only expect to see even more economic development in the future. | 14 LOVELAND SKI AREA

Loveland Ski Area is a ski area is located near the town of Georgetown, Colorado. Located at the eastern portal of the Eisenhower , Loveland is within the Arapahoe National Forest. It is one of the closest ski areas to the Denver metropolitan area and Front Range corridor, making it popular with locals.

Loveland Valley has a lodge building that consists of a cafeteria, bar, the Ski and Ride School office, a ticket office, a rental shop, lockers, hygiene services and a retail area.

Loveland Race Club is also located within the Valley. The Club practices and races at the upper end of the Valley’s Switchback Trail. Practices are held every afternoon and races are held on the weekend. There is a big race that happens at Loveland Valley every year called the Loveland Derby that is put on by the Loveland Race Club.

400 PROPERTY DEMOGRAPHICS $2.3M 275,300 INCHES OF 93 POPULATION 1-MILE 3-MILE 5-MILE ANNUAL REVENUE ANNUAL VISITORS SNOW ANNUALLY TRAILS 2025 Projection 8,137 48,661 115,090 2020 Estimate 6,961 42,671 101,605 2010 Census 3,915 32,190 81,441 Growth: 2020-2025 7.8% 3.3% 2.5% Growth: 2010-2020 3.4% 2.8% 2.7% HOUSEHOLDS 1-MILE 3-MILE 5-MILE 2025 Projection 2,829 18,318 42,351 2020 Estimate 2,423 16,091 37,409 2010 Census 1,366 12,249 30,071 Growth: 2020-2025 3.4% 2.8% 2.6% Growth: 2010-2020 7.4% 2.9% 2.1% INCOME 1-MILE 3-MILE 5-MILE Average HH Income $126,459 $112,664 $87,116

15 | CONFIDENTIALITY AGREEMENT & DISCLAIMER This Offering Memorandum contains select information pertaining to the business and affairs of Hanger Clinic Anchored Medical Office located at 7251 W 20th St Unit M, Greeley, CO 80634 (“Property”). The Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material and information in the Offering Memorandum is unverified. Matthews Real Estate Investment Services has not made any investigation, and makes no warranty or representation, with respect to square footage, income and expenses, the future financial performance of the property, future rent, and real estate value market conditions, the condition or financial prospects of any tenant, or the tenants’ plans or intentions to continue to occupy space at the property. All prospective purchasers should conduct their own thorough due diligence investigation of each of these areas with the assistance of their accounting, construction, and legal professionals, and seek expert opinions regarding volatile market conditions given the unpredictable changes resulting from the continuing COVID-19 pandemic. The information is based in part upon information supplied by the Owner and in part upon financial information obtained from sources the Owner deems reliable. Owner, nor their officers, employees, or real estate agents make any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum, or any of its content, and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein.

By acknowledging your receipt of this Offering Memorandum for the Property, you agree:

1. The Offering Memorandum and its contents are confidential; 2. You will hold it and treat it in the strictest of confidence; and 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

Matthews Real Estate Investment Services is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee in the Offering Memorandum. 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 Matthews Real Estate Investment Services.

Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

| 16 HANGER CLINIC ANCHORED MEDICAL OFFICE 7251 W 20TH ST UNIT M | GREELEY, CO 80634

LISTED BY:

KYLE MATTHEWS Broker of Record License No. EC.100070704 (CO)

STANWOOD ROEDIGER Associate D: (818) 923-6116 M: (415) 686-9422 E: [email protected] License No. 02122658 (CA)

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