OFFERING MEMORANDUM 826 Lawrence Dr | , IN TABLE OF CONTENTS

LISTED BY

Jake Marthens 3 EXECUTIVE OVERVIEW Associate Mobile +1 949 544 1724 Direct +1 949 300 8486 [email protected] License No. 02096966 (CA) Simon Assaf 4 FINANCIAL OVERVIEW Senior Associate Mobile +1 909 800 7139 Direct +1 949 873 0275 [email protected] License No. 02027273 (CA)

Broker of Record Kyle Matthews 6 TENANT OVERVIEW License No. RC51700140 (IN)

10 AREA OVERVIEW

™

2 | OFFERING MEMORANDUM EXECUTIVE OVERVIEW

• RECENT EXTENSION – PPG Paints recently signed an early renewal which extends the lease through November 2026 and added two more 5-year options to extend.

• STRATEGIC LOCATION – Centrally located in the heart of Fort Wayne, the property sits just off Illinois Road which has an aver- age of ~35,000 vpd and is across the street from Jefferson Pointe Shopping Center as well as an abundance of national tenants (Target, , Trader Joe’s, Meijer, Lowe’s, etc.).

• E-COMMERCE PROOF BUSINESS – Paint is an e-commerce proof product and will continue to thrive through the rise of E-Commerce. Also, as an essential retailer, PPG Paints has continued to operate throughout the pandemic.

• STRONG CREDIT TENANT – Property is leased to PPG Architectural Finishes, Inc. who’s parent company, PPG Industries, has an “A-“ investment grade credit rating.

PPG PAINTS | 3 $ $966,000 $72,492 7.50% LIST PRICE NOI CAP RATE

BUILDING INFO

826 Lawrence Dr Address Fort Wayne, IN GLA (SF) ±7,102 SF Lot Size (Acres) ±1.55 AC Year Built 1996 APN 02-12-05-351-002.000-076 Parking Spaces 30

4 | DISPOSITION PROPOSAL TENANT SUMMARY

ANNUALIZED OPERATING DATA Type of Ownership NN Lease Commence Monthly Rent Annual Rent Rent PSF CAP Lease Guarantor PPG Architectural Finishes, Inc. Current - 11/30/2026 $6,041.00 $72,492.00 $10.21 7.50% Original Lease Term (Years) 10 Years

Lease Commencement 1/22/97 Option 1 (12/1/2026 - 11/30/2031) $6,437.18 $77,246.16 $10.88 8.00% Rent Commencement 12/1/16 Option 2 (12/1/2031 - 11/30/2036) $6,857.13 $82,285.56 $11.59 8.52% Lease Expiration 11/30/26

Lease Term Remaining (Years) ±6 Years *Rent above takes into account the annual expenses for taxes/insurance

Increases 6%/Option

Options 2, Five-Year Options Please contact a Matthews™ Capital Markets Agent for Replacement is LL Responsibility financing options: HVAC (common maintenance is tenant's responsibility) NIKO BUNTICH (714) 656-7500 Roof/Structure LL Responsible [email protected]

Taxes/Insurance LL Responsible

Landscaping/Snow Removal Tenant Responsible THE OFFERING TENANT OVERVIEW » Company Name » Year Founded » Headquarters » Credit Rating PROPERTY NAME PPG Paints PPG Paints 1883 Pittsburgh, PA Property Address 826 Lawrence Dr, Fort Wayne, IN 46804 » Ownership » Industry » No. of Employees Public Paint Stores ±47,300 A- SITE DESCRIPTION Number of Stories One PPG Industries, Inc. is an American Fortune 500 company and global supplier of paints, coatings, and specialty materials. Year Built 1996 With headquarters in Pittsburgh, Pennsylvania, PPG operates in more than 70 countries around the globe. By revenue it is GLA ±7,102 SF the largest coatings company in the world. It is headquartered in PPG Place, an office and retail complex in downtown Pittsburgh, and is known for its glass facade designed by Philip Johnson. Lot Size ±67,518 SF Type of Ownership Fee Simple Roof and Structure Professional $1.24B 4,900 + 2019 Net Income Locations Worldwide

6 | OFFERING MEMORANDUM PPG PAINTS | 7 ILLINOIS RD ± 35,000 VPD

8 | OFFERING MEMORANDUM APPLE GLEN CROSSING JEFFERSON POINTE SHOPPING MALL SHOPPING CENTER

THOMAS RD ILLINOIS RD ± 35,000 VPD

PPG PAINTS | 9 FORT WAYNE, IN Fort Wayne, ’s second-largest city, offers the big city attractions and events that you’re looking for in a friendly, affordable city that welcomes all! We are a three-time All America City Award winner, and are consistently sited for our high quality of life and warm Hoosier Hospitality. We are located in Allen County, the largest county east of the Mississippi River.

Fort Wayne makes up 16% of Allen County and the rest of the county is comprised of smaller towns, unincorporated suburban area, parks and nature preserves. 65% of Allen County is agricultural land. The Fort Wayne Metropolitan Statistical area is comprised of Allen, Wells and Whitley counties.

Fort Wayne serves up the perfect mix of urban convenience and natural beauty, boasting a world class cultural scene in a landscape enhanced by plenty of green space. Shopaholics can find the latest trends at open air Jefferson Pointe. The kids will love the Fort Wayne Children’s Zoo, while the adults can take in a performance at the Embassy Theater. Joggers, hikers and cyclists can keep active on the Rivergreenway that links the city’s parks, where they may come across Johnny Appleseed’s Grave.

POPULATION HOUSEHOLDS INCOME

2025 2025-2020 2020 2025 2020 2020 Projection Growth Estimate Projection Estimate Avg. Household Income 1-MILE 2,760 3.29% 2,659 1,335 1,313 $63,962 3-MILE 41,502 6.57% 38,945 17,620 16,874 $70,962

5-MILE 142,934 8.14% 132,180 57,517 54,287 $70,424 TOURISM Each year, Fort Wayne and Allen County welcome more than 6.5 million visitors to experience our exceptional attractions, festivals, arts, parks, and events around the city. Visitors directly spend an estimated $741 million in food, lodging, retail and entertainment purchases. Tourism generates $94.3 million in local tax revenue, which can be used for local schools, roads, housing and hospitals. Additionally, 86 cents of every dollar spent by visitors stays in Allen County, one of the highest totals in Indiana. The tourism industry affects economic development and job creation. Tourism employment in Fort Wayne and Allen County sustains and retains 14,198 jobs with over $376 million in paid wages and salaries and wages to tourism industry employees.

PROMENADE PARK Promenade Park offers visitors a brand-new take on entertainment, recreation and relaxation. Promenade Park offers visitors a chance to: Explore – Extensive river access points and new opportunities to get on the river enable visitors to enjoy scenic boat tours or head out on their own in a rented kayak. Relax – Dining and park experiences offer opportunities to “hang out” and enjoy the views any day of the week. Grab a snack and craft beer at Trubble Riverside Cafe and Tap. Celebrate – Promenade Park houses the state-of-the-art Sweetwater Band Shell and Ambassador Enterprises Amphitheater – promising concerts and live music experiences throughout the season. PROMENADE PARK

FORT WAYNE CHILDREN’S ZOO

FORT WAYNE CHILDREN’S ZOO The Children’s Zoo contains 40 acres of animals, rides and beautifully landscaped grounds. Don’t miss the African Journey, featuring lions, hyenas and monkeys. You can even hand-feed giraffes! Ride the Sky Safari, trek through the Indonesian Rain Forest and say hello to orangutans or sharks.

PPG PAINTS | 11 CONFIDENTIALITY AGREEMENT & DISCLAIMER

This Offering Memorandum contains select information pertaining to the business and affairs ofPPG Paints located at 826 Lawrence Dr, Fort Wayne, IN 46804 (“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.

12 | OFFERING MEMORANDUM 826 Lawrence Dr | Fort Wayne, IN

OFFERING MEMORANDUM

LISTED BY

Jake Marthens Simon Assaf Associate Senior Associate Mobile +1 949 544 1724 Mobile +1 909 800 7139 Direct +1 949 300 8486 Direct +1 949 873 0275 [email protected] [email protected] License No. 02096966 (CA) License No. 02027273 (CA)

Broker of Record Kyle Matthews License No. RC51700140 (IN)