346 Sheridan Street, Johnstown, PA OM

OFFERING MEMORANDUM

sheridan plaza retail HAKIMICAPITAL JOHNSTOWN, PA Real Estate Investments

150 Great Neck Road, Ste. 300, Great Neck, New York, 11021 conﬁdentiality agreement

This O ering Memorandum contains select information pertaining to the business and a airs of the property located at 346 Sheridan Street, Johnstown, Pennsylvania, 15906 (“Property”). It has been owned and prepared by Hakimi Capital Group. This O ering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this O ering 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 Owner. The material is based in part upon information supplied by the Seller and in part upon ﬁnancial information obtained from sources it deems reliable. Owner, nor their ocers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this O ering Memorandum or any of its contents 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 and conduct their own due diligence.

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

1. The O ering 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 O ering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

Owner expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or o ers to purchase the Property and to terminate discussions with any person or entity reviewing this O ering Memorandum or making an o er 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 O eringMemorandum. 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 any of their aliates or any of their respective ocers, 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 O ering Memorandum shall not be deemed to represent the state of a airs of the Property or constitute an indication that there has been no change in the state of a airs of the Property since the date this O ering Memorandum.

STEVEN KOUTSANTONIS Director of Acquisitions O +1 516 926 3325 F +1 516 708 9682 CAPITAL C +1 646 481 3711 HAKIMI [email protected] Real Estate Investments property overview

Property Address 340-358 Sheridan Street, Johnstown, PA, 15906 Parcel: 4324 / 42 Building Size: 37,037 Sq. Ft. Lot Area 2.5 AC

Asking: $1,100,000 Cap Rate: 8.8% property description

Great multi-tenant investment property for sale with good lease history and term tenants, which include Dollar Gen- eral, Save-A-Lot, Wines & Spirits, R&K Resale. There are two small shop vacancies of 1,800 sq. ft. & 1,690 sq. ft.

Right o of highly traveled Broad St.

Potential Income stream is well over $100,000 per year.

SHERIDAN PLAZA RETAIL OFFERING MEMORANDUM JOHNSTOWN, PA HAKIMI CAPITAL GROUP rent roll

Tenant Square Footage Lease Start Lease End Monthly Rent Yearly Rent Reimbursements Tenant 1 - Dollar General (Ground lease) 8,000 6/31/2022 $1,334.00 $16,008.00 $3,200.00 Tenant 2 - Save A Lot 20,489 2/28/2021 $6,500.00 $78,000.00 $10,300.00 Tenant 3 - Vacant 1,800 Vacant $0.00 $0.00 $0.00 Tenant 4 - Vacant 1.690 Vacant $0.00 $0.00 $0.00 Tenant 5 - M&K Resale 1,060 3/31/2022 $625.00 $7,500.00 $0.00 Tenant 6 - Hair Salon 604 3/31/2022 $350.00 $3,600.00 $0.00 Tenant 7 - Wine & Spirits 2,558 7/31/2018 $1,078.00 $12,936.00 $0.00 Total: 36,201 $9,887.00 $118,044.00 $13,500.00 Occupancy Rate: 90% expenses ﬁnancial overview

Real Estate Taxes: $18,884.83 Price: $1,100,000 Property Insurance $6,042.00 Electric $5,688.69 Total Income: $118,644.00 Water/Sewer $3,600.00 Reimbursements: $13,500.00 Trash $900.00 Total Expenses: $40,755.52 Lawn Care $1,140.00 NOI: $97,078.00 Snow Removal $4,500.00 Total Fixed Expense $35,066.83 Cap Rate: 8.8%

SHERIDAN PLAZA RETAIL OFFERING MEMORANDUM JOHNSTOWN, PA HAKIMI CAPITAL GROUP anchor tenant overview Lease Summary Tenant Name Save A Lot Square Feet: 20,489 Lease Type Modiﬁed Gross Roof and Structure None Original Lease Term 5 Year Lease Commencement Date 4/1/2016 Rent Commencement Date 4/1/2016 Lease Expiration Date 2/28/21 Term Remaining on Lease 3.2 Years Increases 8%, every ﬁve (5) years Options Three (3), Five (5) Year

Tenant Summary Property Name Save A Lot Property Type Retail Niemann knows its midwestern food. Niemann Foods operates more Parent Company Trade Name Onex Corporation than 100 supermarkets and convenience stores mostly under the Ownership Private Country Market, Pick A Dilly's, Cub Foods, and Save-A-Lot banners in Illinois, Iowa, and Missouri. Its Save-A-Lot stores oer a limited No. of Locations 1280 assortment of groceries at discount prices while Cub Foods and No. of Employees 130,000 Country Market are conventional grocery stores. The regional Headquarted Earth City, Missouri grocery store operator is battling for market share in the Midwest Website www.save-a-lot.com with Hy-Vee and supercenter operator Wal-Mart Stores. The company also runs six pet stores and several Ace Hardware stores. The Year Founded 1917 employee-owned, family-run ﬁrm was founded in 1917 by brothers Ferd and Steve Niemann and is currently run by CEO Rich Niemann.

SHERIDAN PLAZA RETAIL OFFERING MEMORANDUM JOHNSTOWN, PA HAKIMI CAPITAL GROUP

tenant overview Land Lease Summary Tenant Name Dollar General Square Feet 8,000 Lease Type Land Lease Roof and Structure None Original Lease Term 10 Years Lease Commencement Date 8/12/2002 Lease Expiration Date 8/1/2022 Term Remaining on Lease 4.8 Years Increases None Options Six (6), Five (5) Year Dollar General is the fast-growing retailer that boasts roughly 13,000 discount stores in over 44 US states, mostly in the South, East, the Midwest, and the Southwest. It generates about 75% of its sales from consumables (including refrigerated, shelf-stable, and perishable foods) and another 10% from seasonal items. The stores also o er household products and apparel. Pricing its items at $10 or less, Dollar General targets low-, middle-, and xed-income shoppers while selling brand-name products from manufacturers such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg’s, General Mills, Nabisco, Tenant Summary Hanes, PepsiCo, and Coca-Cola. The retailer devotes its dollars to Property Name Dollar General promotional circulars, targeted circulars that support new stores, Property Type Retail television and radio advertising, in-store signage, and costs associ- Ownership Public ated with the sponsorship of certain auto racing activities. Because Dollar General’s customers typically live in small towns, the company Traded As NYSE: DG doesn’t allocate ample amounts of money to advertising. It has spent Revenue $20.39 B increasingly more on advertising in recent years, however, as the Net Income $1.165 B company expands its stores’ footprint. Stock Symbol DG Board NYSE No. of Employees 14,000 Headquarted Goodlettsville, Tennessee Website www.dollargeneral.com Year Founded 1939 (49 years ago)

SHERIDAN PLAZA RETAIL OFFERING MEMORANDUM JOHNSTOWN, PA HAKIMI CAPITAL GROUP SHERIDAN PLAZA RETAIL OFFERING MEMORANDUM JOHNSTOWN, PA HAKIMI CAPITAL GROUP SHERIDAN PLAZA RETAIL OFFERING MEMORANDUM JOHNSTOWN, PA HAKIMI CAPITAL GROUP sheridan plaza retail 346 SHERIDAN STREET, JOHNSTOWN, PENNSYLVANIA, 15906

STEVEN KOUTSANTONIS Director of Acquisitions O +1 516 926 3325 F +1 516 708 9682 HAKIMICAPITAL C +1 646 481 3711 Real Estate Investments [email protected]