STONY ISLAND PLAZA

SEC 95TH STREET AND STONY ISLAND AVENUE CHICAGO, IL STONY ISLAND PLAZA

INVESTMENT HIGHLIGHTS SUBJECT OFFERING

id-America Real Estate Corporation has been retained on behalf of the Mowner to sell the 100% fee simple interest in Stony Island Plaza, a 93% leased community shopping center. The subject offering is an attractive real estate investment based on the following attributes:

Location: Southeast Corner of 95th Street and Stony Island Avenue Chicago, Illinois

GLA: 159,785 SF

Tenants: Jewel-Osco, dd’s Discounts, Oak Street Health, Athletico Circle K, KFC

Year Built: 1999 STONY ISLAND PLAZA KEY FEATURES PROMINENT RETAIL LOCATION – The subject is located at the intersection of Stony Island Avenue (56,100 VPD) and 95th Street (23,500 VPD), less than two miles from both I-90 and I-94 interchanges.

DENSE RESIDENTIAL NEIGHBORHOOD OF CHICAGO – Stony Island Plaza is positioned within South Deering, one of Chicago’s southside neighborhoods, that serves nearly 202,000 residents within a three-mile radius of the subject offering.

SUBSTANTIAL DAYTIME POPULATION – The subject offering enjoys a solid daytime population in excess of 406,449 people within a five-mile radius. Major drivers of daytime activity are employers such as Chicago State University, Advocate Trinity Hospital, and Horseshoe Casino.

DOMINANT GROCERY ANCHOR – The center offers a purchaser the rare opportunity to own a Jewel-Osco anchored shopping center. Jewel-Osco is the leading grocer in the Chicago metropolitan area (30% market share), with over 190 stores throughout Illinois. The Stony Island Jewel-Osco’s fiscal year sales volume is up 10% from 2014 to 2018.

PREDICTABLE CASH FLOW – Stony Island Plaza provides a stable income stream boasting a weighted average remaining lease term of nearly 6.3 years. Jewel-Osco (2026), dd’s Discounts (2029), and Oak Street Health (2025) all have long-term lease commitments, and together account for 66% of the subject offering’s GLA.

RECENT LEASING VELOCITY – The center has also experienced significant leasing velocity in recent years. Jewel executed a renewal in 2017 through December 31, 2026, Ashley Stewart executed a three-year renewal through June 30, 2021, Athletico executed a 5-year renewal through December 31, 2024, and GNC executed a 3-year renewal through March 31, 2022, which validates their commitment to the shopping center. Happy Nails recently signed a 10-year deal for 3,500 square feet and dd’s Discounts signed a 10-year deal for 24,827 square feet which will provide additional daily traffic to Stony Island Plaza and should facilitate additional sales and leasing velocity at the property.

LEVERAGED RETURNS POTENTIAL – Offered “free and clear” of any existing debt, providing the opportunity for a Buyer to take advantage of the strong debt markets.

DEMOGRAPHIC PROFILE WITHIN 5-MILE RADIUS:

POPULATION HOUSING UNITS MEDIAN HOME VALUE DAYTIME POPULATION AVERAGE HH INCOME MEDIAN AGE 456,293 172,761 $155,782 496,449 $53,332 37.9 STONY ISLAND PLAZA LEASING PLAN 95th Street (23,500 VPD)

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Tenant Name Suite Square Feet 1753

Circle K 1615 4,000 1751 KFC 1617 2,685

Vacant 1619 5,000 1747 GNC 1623 1,190 1615 Vacant 1625 2,765 Happy Nails 1627 3,500 Ashley Stewart 1631 3,640 1741 Cosmo Superstore 1637 9,800 Jewel-Osco 1655 70,000 1737 dd's Discounts 1709 24,827 1617 1735 Unleaseable 1709A 133 1733 Oak Street Health 1715 10,080 Vacant 1725 2,000 1619 1729 DTLR 1729 5,000 1623

H&R Block 1733 2,000 1625 1725 Dress Code 1735 1,495 Vacant 1737 1,170 1627

Foot Locker 1741 3,500 1631 1637 1655 1709 1715

Athletico 1747 2,420 Cosmo America's Best Contacts 1751 2,765 Superstore Seashell Restaurant 1753 1,815 (56,100 VPD) Stony Island Avenue Total 159,785

1709A STONY ISLAND PLAZA

ST19 ¦¨§90 ST43 LOCATION & MARKET Lincoln Park ST64 • The demographic profile surrounding Stony Island is very strong, drawing from Chicago’s dense southern neighborhoods and suburbs. ST50 Oak Park • Located 10 miles from downtown Chicago, Stony Island Plaza also ¦¨§290 CHICAGO benefits from its proximity to several major highways including Interstates 90, 94, and 57. Stony Island Plaza is situated along Stony Island Avenue, Cicero Berwyn a main retail thoroughfare that runs east-west connecting the City of Lake Michigan ¤£41 Chicago with the south and southwest suburbs.

• Stony Island Plaza is the anchor shopping center to the neighborhood ¤£34 retail developments that stretch along 95th Street from Stony Island ¦¨§55 Avenue to Yates Avenue. There is minimal grocery-anchored competition ¦¨§90 in the area as Stony Island Plaza is also the only grocery-anchored center serving the dense residential populations within a 2.5 mile radius. South Shore Burbank

STONY ISLAND PLAZA Oak Lawn DEMOGRAPHICS ¤£12

Distance from Subject: 1 mile 3 miles 5 miles 2018 Population 17,063 201,785 456,293 ¦¨§90 2018 Households 6,731 77,185 172,761 Alsip ¨§294 2018 Median Home Value $149,293 $151,411 $155,782 ¦ ¦¨§94 Blue Island 2018 Daytime Demographics 17,011 168,595 406,449 ST43 2018 Average Household Income $62,793 $51,047 $53,332 Dolton East Chicago 2018 Median Household Income $46,461 $36,325 $35,972 ST50 2018 Per Capita Income $24,750 $19,804 $20,623 Calumet City Oak Forest Harvey 2018 Median Age 45.5 38.9 37.9 Hammond Tinley Park South Holland ST83 ST1 £6 ¦¨§57 ¤ ST394 ¦¨§80 STONY ISLAND PLAZA PROPERTY DESCRIPTION • Constructed in 1999, Stony Island Plaza is situated on approximately 18.5 acres, and features 159,785 square feet.

• Stony Island Plaza is comprised of four retail strip centers which total 153,100 square feet, and two additional outlots occupied by a 4,000-square-foot Circle K and a 2,685-square-foot KFC.

• The Bank of America and Burger King outlots that front 95th Street are separately owned and not part of the subject offering. TENANCY • Stony Island Plaza is a 93% leased community center, which is anchored by a 70,000-square-foot Jewel-Osco and a 24,827-square-foot dd’s Discounts.

• Anchor tenants at Stony Island Plaza are complemented by a strong mix of national and regional tenants including Circle K, KFC, GNC, Ashley Stewart, Oak Street Health, DTLR, H&R Block, Foot Locker, Athletico, and America’s Best Contacts.

• Jewel-Osco recently extended their lease through December 31, 2026, which validates Jewel’s commitment to the shopping center.

• With over 190 food and drug combination stores in Illinois, Jewel is the leading seller of groceries in the Chicago metropolitan area, with an approximate 30% market share. FINANCIAL The property is being offered “free and clear” of any existing debt.

In-Place Net Operating Income: $1,541,846 10-Year CAGR: 3.3% The Wrigley Building Rick Drogosz 410 North Michigan Avenue, Suite 1100 Principal Chicago, Illinois 60611 Direct: 630.954.7339 Direct: 630.954.7300 [email protected]

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 square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.