RetailRetail InvestmentInvestment OfferingOffering

ChapelChapel CenterCenter 1896-1908 Buchholzer Blvd. Akron, OH 44301

Exclusive Contact:

Bob Havasi Dan Cooper Cooper Commercial Investment Group

6120 Parkland Blvd., Suite 206 Cleveland, OH 44124 P 216 916 7313 F 216 916 9182

[email protected] [email protected]

www.coopergrp.com

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to condition, square footage or age are approximate. Buyer or Tenant acknowledges that they are relying on their own investigations and are not relying on Broker provided information.

Akron | OH ConfidentialityConfidentiality AgreementAgreement

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

Akron | OH TableTable ofof ContentsContents

Section 1…………………………………. Investment Summary Investment Overview Offering Summary

Section 2…………………………………. Financial Analysis Rent Roll Operating Analysis Tenant Profiles

Section 3…………………………………. Property Description Location Overview Site Plan Survey Property Photos Aerial Photo Chapel Hill Mall Site Plan Location Maps Demographic Charts

Akron | OH InvestmentInvestment SummarySummary

Section 1

Akron | OH InvestmentInvestment OverviewOverview

INVESTMENT HIGHLIGHTS

1896-1908 Buchholzer Blvd.  90% Occupied, National Center with All Corporately Backed NNN Leases In Place Akron, OH 44301  Directly Across from Chapel Hill Mall: Region’s Main Retail Hub  High Visibility and Conveniently Located Alongside Buchholzer Road with Signalized Entrance to Center & Surrounding Retailers  High Traffic Counts at Intersection of Buchholzer and Howe Avenue of 44,000 VPD and Directly Off Route 8 with Traffic Counts of 95,000 VPD  Densely Populated with 87,566 Residents Within 3-Miles and Over 200,000 Within 5-Miles  High 15.08% Projected Year-1 Cash-on-Cash Return  Major Capital Improvement: New Roof (2014) with 20-Year Warranty  Strong Economy with Many Headquarters & Major Employers

The Cooper Commercial Investment Group has been exclusively retained by ownership to sell the 100% fee simple interest in the Chapel Center located in Akron, Ohio. The building boasts high-profile tenants that are all corporately guaranteed: Men’s Wearhouse (NYSE: MW), Sprint (NYSE: S/S&P “BB-”), H & R Block (NYSE: HRB/S&P “BBB”), Mattress Warehouse and Check n’ Go. Being offered for $2,475,000, equal to an 8.70% CAP Rate and high 15.08% projected cash-on-cash return; the property gives an investor the opportunity to acquire a collection of targeted tenants in a high-traffic area. The property is 90% occupied in a pivotal location in a densely populated market with over 87,500 residents within a 3-mile radius of the Chapel Center. The center is located seconds from Route 8 off the main Howe Avenue exit (95,000 VPD), which is the main retail hub for the region. Chapel Hill Mall is a one-story, 860,000 S.F. mall that features more than 100 stores and JCPenney, Macy’s and Sears as its anchor department stores. Being directly across from Chapel Hill Mall, the area attracts a steady flow of activity around the center. All of the center’s tenants have enjoyed a long tenure and have continually exercised their options to extend, showing their commitment and dedication to the location.

The Chapel Center is positioned in along Buchholzer Blvd. and is surrounded by retailers in every direction. The center sits in the heart of it all. Buchholzer blvd. is off Howe Avenue (exit from Route 8), which is a well-known, high trafficked road in the region. The roadways that surround the mall are lined with national retailers creating a shopping destination for the region. At the intersection of Buchholzer and Howe Avenue, traffic counts are in upwards of 44,000 VPD. The strategically positioned center has a signalized entrance to the access drive, high visibility and excellent signage.

The surrounding area is supported by the abundance of a diverse group of healthcare, banking, utilities, manufacturers and distribution companies, representing the City of Akron's major employers. The city began the tire and rubber industry and is known as the "Rubber Capital of the World". Goodyear, America's biggest tire manufacturer and the fifth-largest private employer in Summit County, with approximately 3,000 employees, recently built a new world headquarters in the city. Additionally, Akron is home to Fortune 500 company, FirstEnergy, who employs approximately 2,500 people. The city is the headquarters to a number of other notable companies, such as FirstMerit Bank, Sterling Jewelers and Time Warner Cable. Akron has designated an area called the Biomedical Corridor, aimed at luring health-related ventures to the region. It encompasses 1,240 acres of private and publicly owned land, bounded by Akron General Hospital on the west and Akron City Hospital on the east, and also includes Akron Children’s near the district’s center with Saint Thomas Hospital to the north of its northern boundaries. Akron's adult hospitals are owned by two health systems, Summa Health System (approx. 11,000 employees) and Akron General Health System (approx. 4,150 employees). Summa Health System operates Akron City Hospital and St. Thomas Hospital, which have been recognized as “America’s Best Hospitals” by U.S. News & World Report. With the strategic placement in the heart of the region’s retail hub, in a densely populated area with highly desirable tenants, Chapel Center is positioned to be a high-quality asset for years to come.

Akron | OH OfferingOffering SummarySummary

Summary Price: $2,475,000

Price/S.F. $170.16 GLA: 14,545 S.F. NOI: $215,435 CAP Rate: 8.70% Down Payment: $618,750 Year Built: 1988-1989 Lot Size: 1.06 +/- Acres

Anticipated New Financing Operating Data Loan Amount: $1,856,250 Gross Potential Rent: $251,780 Loan Type: New Financing Tenant Reimbursements: $45,565 Interest Rate: 4.25% Gross Potential Income: $297,345 Amortization: 25 Years Vacancy (11.01%): ($27,720) Term: 5 Years Reimbursements from Vacancy: ($4,330) Loan-to-Value (LTV): 75.00% Effective Gross Income: $265,295 Monthly Debt Payment: $10,056 Expenses: $49,860 NOI: $215,435 Annual Debt Service: $120,672 Cash Flow After Reserves: $93,308 Cash-On-Cash Return 15.08%

Akron | OH FinancialFinancial AnalysisAnalysis

Section 2

Akron | OH RentRent RollRoll

% of Lease Lease Rent/ Annual Lease Option Tenant GLA Total Since Start Expiration S.F. Rent Type Rate/S.F.

Mattress Warehouse 4,400 30.25% 2004 1/1/2013 12/31/2017 $14.50 $63,800 NNN None

Sprint 1,600 11.00% 2002 9/1/2012 8/31/2015 $18.75 $30,000 NNN None

(1) 3-Yr. H & R Block 2,000 13.75% 1996 9/1/2012 4/30/2017 $19.00 $38,000 NNN Option 1: $20.90/SF

Check 'n Go 1,085 7.46% 2003 4/1/2014 3/31/2017 $20.00 $21,700 NNN None

(1) 5-Yr. The Men's Wearhouse 3,920 26.95% 1995 5/1/2013 4/30/2018 $18.00 $70,560 NNN Option 1: $20.70/SF

Vacant 1,540 10.59% N/A N/A N/A $18.00 $27,720 NNN N/A

Total Building 14,545 100.00% $17.31 $251,780

Vacancy 1,540 10.59% $18.00 $27,720

Akron | OH OperatingOperating AnalysisAnalysis

Pro Forma 2015 2012 2013 2015 $/SF INCOME: Potential Rental Income Rental Income $ 215,018 $ 234,115 $ 251,780 $ 17.31 Tenant Reimbursements 43,861 43,340 CAM - - 9,600 0.66 Real Estate Taxes - - 24,198 1.66 Insurance - - 2,850 0.20 Utilities 3,161 4,389 4,250 0.29 Admin. Fee - - 1,288 0.09 Management Fee - - 3,380 0.23 Gross Potential Rental Income $ 262,040 $ 281,844 $ 297,345 $ 20.44 Vacancy Factor (Actual) 11.01% $ (27,720) $ (1.91) Vacancy for Reimbursements Lost (Actual) 10.59% (4,330) (0.30) Effective Gross Income $ 262,040 $ 281,844 $ 265,295 $ 18.24 OPERATING EXPENSES: Management Fee 4% $ 18,833 $ 20,028 $ 8,962 $ 0.62 Real Estate Taxes 24,515 24,892 24,198 1.66 Insurance 1,843 2,331 2,850 0.20 Landscaping 2,048 617 1,000 0.07 Snow Removal 498 745 1,000 0.07 Utilities: Water/Sewer 3,744 2,521 4,250 0.29 Repairs and Maintenance 1,791 465 1,500 0.10 Parking Lot Electricity 1,062 961 1,100 0.08 Parking Lot Repairs & Maintenance 2,275 3,748 4,000 0.28 Roof Repairs 1,875 2,560 1,000 0.07 Total Expenses $ 58,484 $ 58,868 $ 49,860 $ 3.43

Net Operating Income $ 203,556 $ 222,976 $ 215,435 $ 14.81

Loan Analysis Net Operating Income $ 215,435 $ 14.81 Cash Flow Available Before Debt Service $ 215,435 $ 14.81

Capitalization Rate 8.70% 8.70% Valuation $ 2,475,000 $ 170.16 Loan to Value 75.00% 75.00% Loan Amount $ 1,856,250 $ 127.62

Rate 4.25% 4.25% Term 5 5 Amortization 25 25

Annual Debt Service $ 120,672 8.30 Debt Service Coverage Ratio 1.79 1.79

Akron | OH TenantTenant ProfileProfile

The Men’s Wearhouse, Inc. (NYSE: MW), together with its subsidiaries, operates as a specialty apparel retailer in the United States and Canada. The company operates through two segments, Retail and Corporate Apparel. It provides suits, suit separates, sport coats, slacks, sportswear, outerwear, dress shirts, shoes, and accessories for men; and career apparel, sportswear, and accessories, as well as children’s apparel and tuxedo rentals. The company operates 1,756 retail stores under the brand names of The Men’s Wearhouse, Jos. A. Bank, Moore’s Clothing for Men, and K&G. In addition, it provides corporate clothing uniforms and workwear to workforces under the Dimensions, Alexandra, and Yaffy brands through managed corporate accounts, catalogs, and the Internet in the United Kingdom. Further, it is involved in the retail dry cleaning, laundry, and heirlooming operations.

www.menswearhouse.com *Source - www.menswearhouse.com Tenant Lease Abstract Tenant Base Rent Schedule

Headquartered: Houston, TX Monthly PSF # of Locations: 1,756+ Ticker Symbol: NYSE: MW Current: $5,880.00 $18.00 GLA: 3,920 Option1: $6,762.00 $20.70 Tenant Since: 1995 Term Commencement: 05/01/2013 Lease Expiration: 04/30/2018 Options to Renew: (1) 5-Yr.

Tenant Recapture

CAM, INS, RET: Pro Rata Share Admin. Fee: 15% on CAM Expenses Mgmt. Fee: None

Akron | OH TenantTenant ProfileProfile

Sprint Corporation (NYSE: S/S&P “BB-”) is a telecommunications company, based in Overland Park, Kansas. Sprint offers a comprehensive range of wireless and wire line communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Corporation is widely recognized for developing, engineering and deploying innovative technologies, including two wireless networks serving more than 55 million customers. The company offers industry leading mobile data services, instant national and international push-to-talk capabilities, and a global Tier 1 Internet backbone. The company owns and operates the third largest wireless telecommunications network in the United States, employing www.sprint.com over 56,000 employees. The company was created in 2005 by the $35 billion purchase of Nextel Communications by Sprint Corp. The company also completed the $6.5 billion acquisition of Nextel Partners, one of its largest affiliates, which primarily provides Nextel wireless services to more rural markets. Sprint also operates and maintains DCSNet, the United States Federal Government’s private surveillance network.

*Source - www.sprint.com Tenant Lease Abstract Tenant Base Rent Schedule

Headquartered: Overland Park, KS Monthly PSF # of Locations: Worldwide Ticker Symbol: NYSE: S Current: $2,500.00 $18.75 Credit Rating: S&P “BB-” Stable GLA: 1,600 Tenant Since: 2002 Term Commencement: 09/01/2012 Lease Expiration: 08/31/2015 Options to Renew: None Tenant Recapture

CAM, INS, RET: Pro Rata Share (5% Cap on Increases, excluding Snow Removal, Utilities & Insurance) Admin. Fee: 15% on CAM Expenses Mgmt. Fee: None

Akron | OH TenantTenant ProfileProfile

Mattress Warehouse features a huge selection of mattresses for sale at over 50 mattress stores across West Virginia, Ohio and Kentucky. With leading mattress brands like Sealy, Tempur-Pedic, Octaspring, Stearns and Foster and uDream, Mattress Warehouse has all the best mattresses. When customers buy a mattress from Mattress Warehouse, their mattress experts help find just the right mattress, tailored to the customer’s needs, complete with a 120 day comfort guarantee. Mattress www.mattresswarehouse.com Warehouse has a huge selection of the best mattresses at the lowest prices!

Innovative Mattress Solutions dba: Mattress Warehouse, Mattress King & Sleep Outfitters operating 150 locations throughout WV, KY, OH, IN, TN & AL. IMS’ home bedding stores, specializing in mattresses, occupy spaces of 4,000 S.F. to 6,000 S.F. in freestanding locations and power centers.

*Source - www.mattresswarehouse.com Tenant Lease Abstract Tenant Base Rent Schedule

Headquartered: Winfield, WV Monthly PSF # of Locations: 150+ GLA: 4,400 Current: $5,316.67 $14.50 Tenant Since: 2004 Term Commencement: 01/01/2013 Lease Expiration: 12/31/2017 Options to Renew: None

Tenant Recapture

CAM, INS, RET: Pro Rata Share Admin. Fee: 15% on CAM Expenses Mgmt. Fee: Yes

Akron | OH TenantTenant ProfileProfile

H&R Block (NYSE: HRB/S&P “BBB”) is the world’s largest tax services provider, having prepared more than 650 million tax returns since 1955. There are approx. 12,000 company-owned and franchise retail locations in all 50 states, Puerto Rico and other U.S. territories, and on U.S. military bases around the world. An H&R Block branded retail office is located within five miles of most Americans. In fiscal 2014, H&R Block www.hrblock.com had revenues over $3.0 billion and prepared 24.2 million tax returns worldwide.

*Source - www.hrblock.com Tenant Lease Abstract Tenant Base Rent Schedule

Headquartered: Kansas City, MO Monthly PSF # of Locations: 12,000 Ticker Symbol: NYSE: HRB Current: $3,166.67 $19.00 Credit Rating: S&P “BBB” Option 1: $3,483.33 $20.90 GLA: 2,000 Tenant Since: 1996 Term Commencement: 09/01/2012 Lease Expiration: 04/30/2017 Options to Renew: (1) 3-Yr. Tenant Recapture

CAM, INS, RET: Pro Rata Share Admin. Fee: 15% on CAM Expenses Mgmt. Fee: None

Akron | OH TenantTenant ProfileProfile

Check ‘n Go is America’s leading payday loan company. Check ‘n Go continually strives to be more than just a payday loan lender and was founded with one purpose in mind: provide financial solutions to the problems ignored by “traditional” lenders, such as banks. As a payday loan company and lender, the company has been in operation for almost 20 years. www.checkngo.com Check ’n Go opened their doors in 1994 and still receive a majority of our business from payday loans, installment loans, and check cashing services. Nearly two decades later, Check ‘n Go remains an innovative payday loan lender.

*Source - www.checkngo.com Tenant Lease Abstract Tenant Base Rent Schedule

Headquartered: Cincinnati, OH Monthly PSF # of Locations: 1,000+ GLA: 1,085 Current: $1,808.33 $20.00 Tenant Since: 2003 Term Commencement: 04/01/2014 Lease Expiration: 03/31/2017 Options to Renew: None Tenant Recapture

CAM, INS, RET: Pro Rata Share Admin. Fee: 15% on CAM Expenses Mgmt. Fee: Yes

Akron | OH PropertyProperty DescriptionDescription

Section 3

Akron | OH LocationLocation OverviewOverview

LOCATION HIGHLIGHTS

 Strategically Positioned in Main Retail Corridor: Directly Across from Chapel Hill Mall Surrounded by Well-Known National/Regional Retailers Largest Employers  Directly Off Route 8: Constant Flow of Traffic on Company Name Product Employees Highway (95,000 VPD) 1 Summa Health Health Care 11,000 2 FirstMerit Banking 4,894  Near Main Intersection of Heavily Traveled & Well-Known Roadways: Buchholzer Blvd. & 3 Akron General Health Care 4,150 Howe Avenue (44,000 VPD) 4 Akron Children’s Health Care 3,220 5 Akron Public Schools Education 3,094  5th Largest City in the State: High Population Density of 87,500+ People Within 3-Miles 6 Summit County Public 3,090 7 Goodyear Tire Manufacturing 3,000  County Seat of Summit County 8 The University of Akron Higher Education 2,845  Strong Economy with Many Headquarters & 9 FirstEnergy Utilities 2,537 Major Employers 10 Time Warner Cable Utilities 2,440 11 Sterling Jewelers Jewelry Stores 2,300

Akron is the fifth-largest city in the State of Ohio and is the seat of Summit County. The Akron Metropolitan Statistical Area covers Summit and Portage counties, and in 2010 had a population of 703,200. Akron is also part of the larger Cleveland-Akron-Canton Combined Statistical Area, which in 2010 had a population of 3,515,646. Akron is served by two major interstate highways that bisect the city. Unlike other cities, the bisection does not occur in the Central Business District, nor do the interstates serve downtown; rather, the Akron Innerbelt and to a lesser extent Ohio State Route 8 serve these functions. Route 8 (1.5 miles) connects Akron's northern suburbs with Interstates 76 and 77. Interstate 77 connects Marietta, Ohio to Cleveland, Ohio. In Akron, it features 15 interchanges, four of which permit freeway-to-freeway movements. It runs north-south in the southern part of the city to its intersection with I-76, where it takes a westerly turn as a concurrency with Interstate 76. Interstate 76 connects Interstate 71 to Youngstown, Ohio and farther. It runs east-west and has 18 interchanges in Akron, four of which are freeway-to-freeway. Interstate 277 is an east-west spur that forms with US 224 after I-76 splits to the north. Additionally, Akron is home to Akron-Canton Regional Airport, serving nearly 2 million passengers a year.

The Chapel Center is directly across from the region’s retail destination, Chapel Hill Mall. Chapel Hill Mall is a one-story, 860,000 S.F. mall that features more that 100 stores and JCPenney, Macy’s and Sears as its anchor department stores. The mall and the surrounding area is the main retail corridor for this region of Akron. Many neighboring communities, such as Tallmadge, Kent, Monroe Falls, Cuyahoga Falls, Stow and North Akron use this corridor as their main shopping hub. The area is also flooded with surrounding national retailers, including: Home Depot, Giant Eagle, TJ Maxx, Olive Garden, BJ’s Wholesale and many, many more.

A diverse group of healthcare, banking, utilities, manufacturers, distribution companies, represent the City of Akron's major employers. From medicine and hospital service, to jewelry and banking, these larger firms demonstrate the kind of corporate citizenship that would be the envy of any community. Many of the major employers are companies and institutions that have always been here, like hospitals, banks, educational institutions, and rubber products. The city began the tire and rubber industry and is known as the "Rubber Capital of the World". Goodyear, America's biggest tire manufacturer and the fifth-largest private employer in Summit County, with approximately 3,000 employees, recently built a new world headquarters in the city. Additionally, Akron is home to Fortune 500 company, FirstEnergy, who employs approximately 2,500 people. The city is the headquarters to a number of other notable companies such as FirstMerit Bank, Sterling Jewelers and Time Warner Cable.

Akron has designated an area called the Biomedical Corridor, aimed at luring health-related ventures to the region. It encompasses 1,240 acres of private and publicly owned land, bounded by Akron General on the west and Akron City on the east, and also includes Akron Children’s near the district’s center with Saint Thomas Hospital to the north of its northern boundaries. Since its start in 2006, the corridor added the headquarters of companies such as Akron Polymer Systems. Akron's adult hospitals are owned by two health systems, Summa Health System (approx. 11,000 employees) and Akron General Health System (approx. 4,150 employees). Summa Health System operates Akron City Hospital and St. Thomas Hospital, which have been recognized for one of “America’s Best Hospitals” by U.S. News & World Report.

Akron | OH SiteSite PlanPlan

Akron | OH SurveySurvey

Akron | OH PropertyProperty PhotosPhotos

Akron | OH AerialAerial PhotoPhoto

= Chapel Center

Akron | OH ChapelChapel HillHill MallMall SiteSite PlanPlan

Akron | OH LocationLocation MapsMaps

= Chapel Center

Akron | OH DemographicsDemographics

ChapelChapel CenterCenter

18961896--19081908 BuchholzerBuchholzer Blvd.Blvd. Akron,Akron, OHOH 4430144301

Exclusive Contact:

Bob Havasi Dan Cooper Cooper Commercial Investment Group

6120 Parkland Blvd., Suite 206 Cleveland, OH 44124 P 216 916 7313 F 216 916 9182

[email protected] [email protected]

www.coopergrp.com