Fedex Ground Build-To-Suit – in 2006, This Facility Was Specifically Built for Fedex Ground Where They Have Since Served the Joplin and Surrounding Markets

3752 Enterprise Ave | Joplin, MO 64801 OFFERING MEMORANDUM

™ LISTED BY: Brett Davis Associate DIR (424) 217-7709 MOB (310) 897-0809 [email protected] LIC # 02116782 (CA) Alexander Harrold VP & Senior Director DIR (310) 919-5790 MOB (310) 977-1651 [email protected] LIC # 02009656 (CA) Kyle Matthews Broker of Record LIC # 2017010164 (MO) Contents

4 Executive Summary

5 FINANCIAL OVERVIEW

9 TENANT OVERVIEW

10 AREA OVERVIEW Executive Summary

Investment Summary • FedEx Ground Build-To-Suit – In 2006, this facility was specifically built for FedEx Ground where they have since served the Joplin and surrounding markets.

• Rare Expandable Facility – In 2015, the facility was expanded 39,516 Sq. Ft. for FedEx while simultaneously extending the lease for an additional 10-Years. The subject facility is now 79,454 Sq. Ft. and situated on 549,727 Sq. Ft. of Land (14.45% Coverage) leaving approximately ±4.50 Acres of additional land to further expand the building for FedEx in the future.

• Mission Critical Location – This facility serves an important role for FedEx Ground as it is the only location within a 70+ mile radius. This site is strategically located 2 miles from the Joplin Regional Airport, 3 major arterial highways, and downtown Joplin.

• Dense Industrial Corridor – Located within a dense industrial park home to over 50 tenants occupying over 3,000,000 SF of industrial space neighboring national tenants including FedEx Express, Cott Beverages USA, Bemis Flexible Packaging, Refresco and many more.

• Passive Ownership – FedEx Ground is on a Modified NNN Lease with limited Landlord responsibilities of Roof and Structure.

4 | financial overview

Tenant Summary

Lease Commencement 6/1/06 » TENANT FedEx Ground Lease Expiration 5/31/25

Lease Term Remaining ±4 Years » ADDRESS 3752 Enterprise Ave, Joplin, MO 64801 Options (2) 5 Year Options » PRICE $7,830,000 Property Monthly Rent $42,428.60

» CAP RATE 6.50% Total Annual Rent $509,143.20

Rent/SF $6.41 » Price/SF $98.55 Rental Increases 8.66%, 5% Bumps in Options

» Price/SF Land $14.24 Lease Type Industrial NNN

Tenant Responsibilities Operating Expenses » Total Building Square Feet ±79,454 SF Landlord Responsibilities Roof / Structure » Lot Square Feet ±506,341 SF

» Building/Lot Coverage 14.45%

Loan quote provided by Matthews™ based on market conditions at this time. » Acres ±12.62 AC Actual rates and terms will vary based on market conditions at closing.

LTV: 65.00% » Year Built/Expanded 2006/2015 Rate: 4.00% Amortization: 25

Patrick Flanagan [email protected]

FEDEX ground | 5 ANNUALIZED OPERATING DATA

ANNUAL ANNUAL YEAR ANNUAL RENT RENT / MO. CAP RATE RENT / SF RENT / SF LAND 6/1/2015 - 5/31/2025 $509,143.20 $42,428.60 $6.41 $0.93 6.50%

OPTION 1

6/1/2025 - 5/31/2030 $553,239.72 $46,103.31 $6.96 $1.01 7.07%

OPTION 2

6/1/2030 - 5/31/2035 $580,901.76 $48,408.48 $7.31 $1.06 7.42%

6 | MATTHEWS™ TENANT Overview

FedEx ground

FedEx Corporation is an American multinational delivery services company headquartered in Memphis, Tennessee. The name “FedEx” is a syllabic abbreviation of the name of the company’s original air division, Federal Express (now FedEx Express), which was used from 1973 until 2000. The company is known for its overnight shipping service and pioneering a system that could track packages and provide real-time updates on package location, a feature that has now been implemented by most other carrier services. FedEx is also one of the top contractors of the US government.

Connecting people with goods, services, ideas and technologies creates opportunities that fuel innovation, energize businesses and lift communities to higher standards of living. FedEx believes that a connected world is a better world, and that belief guides everything they do.

FedEx delivers joy during the holidays. It delivers hope to survivors of natural disasters. Customers count on FedEx’s diverse portfolio of transportation, e-commerce, and business solutions. Its networks reach more than 220 countries and territories, linking more than 99 percent of the world’s GDP. Behind it all is more than 490,000 team members around the world, who are united around the Purple Promise: “I will make every FedEx experience outstanding.” FEDEX ground | 7 DOWNTOWN JOPLIN

EXPANSION CAPABILITY

8 | MATTHEWS™ FEDEX ground | 9 AREA OVERVIEW

joplin, mo As the commercial, medical and cultural hub of the Four-State Region, Joplin offers the quality of life amenities rare in a city of this size, providing services for more than eight times its population. Located just seven miles from the Kansas border, 10 miles from the Oklahoma border, and 50 miles from Arkansas, Joplin attracts thousands of daily visitors who work here, shop here and enjoy the many attractions the city offers. During the day, the population swells to more than 240,000 people.

A diverse and brisk economy supports the needs of industry in the rapidly growing region. Unemployment is extremely low. Training programs are available, so opportunities for career advancement are numerous. A highly diversified manufacturing base provides almost 23 percent of the jobs in the Joplin area. As a regional provider of medical services, Joplin employs more than 4,000 people in the healthcare profession. The trucking industry represents another major employer since Joplin is considered the “Crossroads of America.”

Population Households HOUSEHOLD Income

2021 2026 2021 2026 2021 ESTIMATE PROJECTION ESTIMATE PROJECTION ESTIMATE

1-MILE 3,360 3,740 1,343 1,479 $60,324

3-MILE 28,237 29,921 11,422 11,951 $63,482

5-MILE 67,089 69,897 27,363 28,094 $63,213

*SUBJECT PROPERTY DEMOGRAPHICS 10 | MATTHEWS™ SURROUNDING AREA 43

INTERSTATE 49 171 INTERSTATE 49

INTERSTATE 171 49

249 43

4 MILES 3 MILES 2 MILES 249

43 249

INTERSTATE INTERSTATE DOWNTOWN JOPLIN 44 44

FEDEX ground | 11 shipping If it needs to be shipped – and everything does – there’s a good chance it’s passed through or close to Joplin. Three Class 1 railroads and two regional short-lines join trucking, rail, air and port concerns to ensure that when shipments need to get somewhere, they get there fast. Close to 6 million Americans are a mere 150 miles from Joplin’s interstate crossroads, and 65 million are within an easy day’s drive. Interstates 44 and 49 provide ultimate access – East Coast to West Coast and Canada to Mexico – while a network of state and federal highways provides unfettered access to the reaches of the four-state area of Missouri, Kansas, Oklahoma, and Arkansas. The city’s four industrial parks – Joplin Southern Industrial Park, Crossroads Business and Distribution Park, Joplin/ Webb City Industrial Park and Joplin Airpark – provide ample goods for the more than 50 local trucking firms. Additionally, Contract Freighters, Inc. (CFI) is headquartered in Joplin, and Tri-State Motor Transit handles potentially dangerous freight. It’s an easy drive to Tulsa’s Port of Catoosa, one of the largest, farthest-inland river ports in the United States.

12 | MATTHEWS™ CONFIDENTIALITY & DISCLAIMER STATEMENT

This Offering Memorandum contains select information pertaining to the business and affairs ofFedEx Ground located at 3752 Enterprise Ave, Joplin, MO (“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.

FEDEX ground | 13 3752 Enterprise Avenue | Joplin, MO 64801

LISTED BY: Brett Davis Associate DIR (424) 217-7709 MOB (310) 897-0809 [email protected] LIC # 02116782 (CA)

Alexander Harrold VP & Senior Director DIR (310) 919-5790 MOB (310) 977-1651 [email protected] LIC # 02009656 (CA)

Kyle Matthews Broker of Record LIC # 2017010164 (MO)