Brookhaven Medical Center

PREPARED FOR BROOKHAVEN MEDICAL BUILDING PARTNERS, LLC AUGUST 16, 2017

3925 PeachtreeLawrenceville, Road GA NE Brookhaven, GA 30319 MARKETMARKET POSITIONING POSITIONING & PRICING & PRICING ANALYSIS ANALYSIS

1 MOLLOY KAYE RETAIL GROUP CONFIDENTIALITY AND DISCLAIMER

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE

Marcus & Millichap, Inc. (“M&M”) is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. 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 M&M, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. 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 Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. presentedpresented byby OFFICES THROUGHOUT THE U.S. & CANADA presented by: www.marcusmillichap.com

Investment Sales: Sonny Molloy Jared Kaye Christian Lopez Bob Johnson Korey Prefontaine SOUTHEASTERN INVESTMENTS SOUTHEASTERN INVESTMENTS ATLANTA CORE RETAIL INSTITUTIONAL PROPERTY ADVISORS HEALTHCARE PROPERTIES GROUP Senior Vice President Investments Associate Associate Senior Director Director Senior Director, National Retail Group National Retail Group National Retail Group ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA Dir: (678) 808-2781 Dir: (678) 808-2720 Dir: (678) 808-2763 Dir: (678) 808-2821 Dir: (678) 808-2758 [email protected] [email protected] [email protected] [email protected] [email protected] Buckhead Midtown

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4 MOLLOY KAYE RETAIL GROUP Table Of Contents

Marcus & Millichap Advantage Page 6

Hybrid Deal Team PAGE 13

Property Overview page 20

Market Overview page 30

Financial Analysis Page 39

Marcus & Millichap Advantage MARCUS & MILLICHAP ADVANTAGE PROPERTY NAME HERE

WIDE RANGE OF CAPABILITIES, PROVEN EXECUTION PROCESS 8,995 Our proprietary platform and wide range of capabilities maximize our client results. As an industry leader in closed transactions with a history of repeat business, you can TRANSACTIONS trust in our decades of process-driven success. CLOSED IN 2016 4.5 TRANSACTIONS MARCUS & MILLICHAP PERFECTED PROCESS-DRIVEN CLOSED EVERY CAPABILITIES BUSINESS HOUR EXECUTION Investment Sales and Product Pricing, Marketing, and Specialization Positioning Strategy to Largest Collaborative Investment Drive Competitive Bidding 47% Sales Force + Timeline-Driven Escrow TRANSACTIONS Local Submarket Client Coverage Management to Mitigate Risk Industry Leading Technology Platform Transaction Execution for CLOSED WITH 1031 Exchange Candidates Real-Time Access to Transaction Data OUT-OF-STATE Access to Competitive Financing CAPITAL IN 2016 Largest Pool of Exclusive Inventory

7 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 3 MARCUS & MILLICHAPapproximate. ADVANTAGE Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID ______MARCUS & MILLICHAP ADVANTAGE PROPERTY NAME HERE

INVESTMENT OPTIONS AND OPPORTUNITIES 1,700 COLLABORATIVE The success of Marcus & Millichap is based on our collaborative culture AGENT DATABASES of information sharing across our network of over 1,700 investment sales and financing professionals, which maximizes value for each of our clients.

Working with a unique platform that is antithetical to the concept of “pocket listings,” our investment professionals share all listings with the $16.9B entire Marcus & Millichap team. Each professional specializes in a property type and has a database of local properties and owners, which is CURRENTLY leveraged in every client assignment. Because each local agent specializes EXCLUSIVELY LISTED in a single product type in a specific geographic region, our clients are INDUSTRY’S LARGEST SELECTION OF completely covered across the U.S. and Canada with every investment. QUALITY INVESTMENT INVENTORY

Our foundation of information sharing maximizes pricing for our clients and gives us the largest inventory of any firm in the industry. 1031 EXCHANGES 32% THE SIZE AND ACCESSIBILITY OF OUR TRANSACTIONS CLOSED WITH 1031 EXCHANGE BUYERS INVENTORY ENABLES YOU TO SELL YOUR IN 2016 PROPERTY AND QUICKLY MOVE INTO ANOTHER PROFITABLE INVESTMENT.

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 7 approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID ______8 MARCUS & MILLICHAP ADVANTAGE PROPERTY NAME HERE MARCUS & MILLICHAP ADVANTAGE

GAIN ACCESS TO THE NATION’S LARGEST EXCLUSIVE INVENTORY OF PROPERTIES FOR ALL PRODUCT TYPES

703 MULTIFAMILY

997 SINGLE TENANT NET-LEASE

408 FINANCING*

1,442 RETAIL

225 OFFICE

151 HOSPITALITY

4,116 57 AFFORDABLE HOUSING EXCLUSIVE LISTINGS 228 LAND

127 INDUSTRIAL

41 SELF-STORAGE

44 HEALTHCARE

28 MANUFACTURED HOUSING

61 SENIORS HOUSING

Exclusive Listings as of 3/10/16 12 STUDENT HOUSING *Financing summary not included in Exclusive LIstings total

9 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 MARCUS & MILLICHAPapproximate. ADVANTAGE Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future 8 performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID ______PROPERTYSTARBUCKSNAME

NET LEASED PROPERTIES GROUP Investors Choose Marcus & Millichap More than Any Other Firm

The largest team of retail specialists in the industry

A successful track record with more than 3,600 transactions closed in 2016

10 MARCUS & MILLICHAP ADVANTAGE 8# STARBUCKS

MARKETING PLAN

Foreign and International Buyers

PREMIER Foreign investors seeking domestic opportunities and technology enablers ACCESS TO that direct foreign demand INVESTOR PROFILES 1031 Exchange Capital Investors seeking acquisition opportunities for capital gains tax deferral

Our comprehensive marketing plan gives you Cross-Product Capital

access to the full spectrum Opportunistic investors seeking diversification in of investment profiles, other real estate property types with a special emphasis on cross-product and 1st Tier Investors 1031 exchange capital. Pension funds, advisors, banks, REITs, and life insurance companies

2nd Tier Investors

Syndicators, developers, merchant builders, general partnerships, and professional investors

3rd Tier Investors

Private, individual investors who account for the majority of transactions in the marketplace

11 MARCUS & MILLICHAP ADVANTAGE 11 STARBUCKS

MARKETING PLAN WHY MARCUS & MILLICHAP?

01 YOUR LOCAL AGENT MARCUS & MILLICHAP ADVANTAGE Specialists in product type and geographic location MARCUS & Creates buyer competition to maximize price and increase probability MILLICHAP of a successful closing Access to information sharing throughout the largest network of IS A investment professionals in U.S. and Canada as part of our collaborative culture LEADING Proactively promotes your property to local, regional, and national Marcus & Millichap professionals COMMERCIAL 02 THE MARCUS & MILLICHAP PLATFORM REAL ESTATE INVESTMENT Largest database of qualified investors in the industry SERVICES Unparalleled access to potential buyers, including one of the largest databases of 1031 exchange buyers FIRM IN THE More than 1,700 investment professionals working collaboratively to achieve client results U.S. 03 A HISTORY OF CLIENT RESULTS AND CANADA

Repeat clients Collaborative culture built on information sharing Decades worth of experience Industry-leading technology platform Highly-focused specialization

12 MARCUS & MILLICHAP ADVANTAGE 13 Hybrid Deal Team MOLLOYKAYE RETAIL GROUP MARKETING TEAM Real estate Investment seRvIces

Molloy Kaye Retail Group: About Us +/- ♦ Approach to Representation - Relationship-Driven & Client-Centric with an emphasis on creating value $1.5 ♦ Southeastern Specialization - Disposition of shopping centers and single tenant net-leased assets throughout the Southeastern US ♦ Proven Execution - Over $1.5 Billion in investment sales transactions Billion ♦ Capital Facilitation - Over $150 Million in Debt and Equity sourced for projects throughout the US IN REAL ESTATE TRANSACTIONS ♦ Atlanta Specialization - Introduction of Atlanta Core Retail and Atlanta Perimeter Retail

The Molloy Kaye Retail Group’s core mission is to provide the highest level of representation to our clients, advisory +/- services, and investment sales execution. Every member of the team leads with a client-centric approach. We fulfill $150 our mission by employing transactional expertise, tailored marketing solutions, market expertise, cutting-edge research tools, and by leveraging Marcus & Millichap’s powerful marketing platform. Million IN SOURCED CAPITAL FOR LEADERSHIP RETAIL DEVELOPMENT Sonny Molloy Jared Kaye SOUTHEASTERN INVESTMENTS SOUTHEASTERN INVESTMENTS Senior Vice President Investments Investment Associate Senior Director, National Retail Group National Retail Group ATLANTA ATLANTA 27 Years Dir: (678) 808-2763 Dir: (678) 808-2821 [email protected] [email protected] COMBINED TRANSACTIONAL EXPERIENCE MARKETING & ANALYTICAL STRATEGISTS Christian Lopez Kristen Keown Donya Hoefer ATLANTA CORE RETAIL TRANSACTION INSTITUTIONAL GRAPHIC DESIGNER States & MARKETING COORDINATOR 22 Investment Associate ATLANTA National Retail Group ATLANTA Dir: (678) 808-2807 ATLANTA Dir: (678) 808-2744 [email protected] TRANSACTED BUSINESS Dir: (678) 808-2758 [email protected] [email protected]

14 HYBRID DEAL TEAM 7 MARKETING TEAM MOLLOYKAYE RETAIL GROUP Real estate Investment seRvIces

Sonny Molloy leads a talented group of investment sales professionals on behalf of the Molloy Kaye Retail Group (“MKRG”). As a Senior Vice President of Investments, a firm-wide distinction, and Senior Director of Marcus & Millichap’s National Retail Group and Net-Leased Properties Group, Sonny has completed investment real estate transactions in excess of $1.5 Billion in 22 states throughout the US. He has also sourced $150 million in capital for retail development on behalf of his clients by facilitating many successful joint venture partnerships.

His principal focus is the sale of net-leased assets and retail shopping centers throughout the Southeastern United States. He maintains a diversified real estate practice. Having transacted grocery-anchored shopping centers, other credit-oriented shopping centers, and single tenant net-leased assets, he consistently ranks in the top tier of agents at Marcus and Millichap, and established himself as top producer in the Atlanta office since establishing his practice in 2003.

In 2015, Sonny was promoted to a First Vice President of Investments, the only agent in the Atlanta office to hold this title, making him one of fifty agents amongst 1,600 agents company- wide, to maintain this prestigious recognition.

Sonny embraces a client-centric style of representation. The core principle of his approach is RECOGNITION / AWARDS to create value and to uncover real estate opportunities for his clients. His clients unequivocally come first. He pairs his client-driven approach with an emphasis on execution when involved National Achievement Award in a transaction. He relishes the opportunity to consult and advise his clients, and, does so on 2016, 2015, 2014, 2013, 2007, 2005, 2004 a daily basis regarding all matters real estate related. Sonny is a passionate, energetic, a skillful negotiator, and, above all else, takes pride in being an “outside the box” strategist. Sales Recognition Award Sonny graduated from Georgia Southern University with a Bachelor of Arts in Finance with 2016, 2015, 2014, 2013, 2012, 2011, 2010, 2009, 2007, a specialization in Real Estate. He maintains real estate licenses in both Georgia and North 2006, 2005, 2004 Carolina. An active member of the International Council of Shopping Centers. He has been quoted in multiple publications throughout his career, and in December of 2014, he was very proud to have been quoted in the Wall Street Journal in an article relating to Atlanta’s notable PROFESSIONAL AFFILIATIONS adaptive reuse project, Ponce City Market. International Council of Shopping Centers In his free time, Sonny enjoys spending quality time with his 3 boys, traveling, and cheering for his hometown teams the Chicago Cubs, Blackhawks, and Bears.

15 HYBRID DEAL TEAM 8 RETAIL GROUP MOLLOYKAYE MARKETING TEAM Real estate Investment seRvIces JAREDKAYE CHRISTIANLOPEZ Jared Kaye entered into the commercial real estate industry as an intern with Christian Lopez joined Marcus & Millichap in Marcus & Millichap during the summer of 2011. In June of 2012, he accepted a full- November of 2014 and serves as an associate with time position to work with Sonny Molloy. Molloy Kaye Retail Group (“MKRG”).

Jared practices real estate from a client-centric, relationship-driven approach. Mr. Lopez was instrumental in co-founding, laying Paramount to this approach is providing his clientele with cutting edge resources the foundation, and leading the Atlanta Core Retail and market research, unparalleled market intelligence, which enables him to (“ACR”) program. Atlanta Core Retail (“ACR”) was optimally serve his clients in making informed decisions and executing at the designed to cultivate and leverage existing business highest level. With a targeted approach and outcome in mind, he strives to deliver relationships, as well as establish a new network of each client with tailored strategies and effective solutions. business-relationships in Atlanta’s key retail nodes inside the 285 Perimeter. Through our strategic In 2015, Jared was invited to become a partner on the Molloy Retail Group team, network relationships, specialized market expertise, and, today serves as a team lead on the Molloy Kaye Retail Group (“MKRG”) of and local market intelligence, we generate on and Marcus & Millichap. His day-to-day responsibilities involve financial underwriting, off-market real estate opportunities for our clients. business development, client services, coordination of global team initiatives, as Atlanta Core Retail leads with a client driven well as various leadership roles relating to MKRG’s various business lines, including approach, a key cultural aspect of the Molloy Kaye capital facilitation for various developer clients. His area of focus is net-leased Retail brand, and applies it to key retail markets in the core of Atlanta. The Atlanta assets and retail shopping centers throughout the Southeastern United States. Core Retail Program will focus on clients and assets that are located in markets such as Buckhead, Sandy Springs, Brookhaven, and the Cumberland corridor. His Since aligning with Sonny in 2011, Mr. Kaye has been directly involved, and provided primary responsibilities encompass business development, strategic networking, critical support, in the disposition of over $350 million in transactions. Additionally, client services, escrow management, assistance in negotiation, and execution of Jared has assisted in the facilitation of more than $50 million in capital for various marketing strategy. developer clients of Molloy Kaye Retail. In many of these transactions, he has successfully led the process from negotiation and Christian employs a proactive approach to marketing exclusive listings, engaging to close of escrow. investors directly to generate interest for existing inventory and working to match specific investor needs of our clientele with the optimal investment. Jared graduated from the University of Florida with a Bachelor of Science in Finance with a Prior to joining the Marcus & Millichap, Christian interned at Flaherty & Collins specialization in Real Estate. He maintains real Properties, a real estate development company that specializes in multi-family estate licenses in both Georgia and Florida and is properties, in Indianapolis, IN in 2013. an active member of the International Council of Shopping Centers. He is actively involved in the Christian graduated from Babson College in Wellesley, MA with a Bachelor of JF & CS PAL program in Atlanta which provides Science in Business Management with a concentration in Real Estate, Economics, one-on-one mentorship to underserved Jewish and Entrepreneurship. He maintains his real estate license in Georgia. In his free youth in Atlanta. During his spare time, he also time he likes to golf, fish, and exercise. enjoys spending time with his wife, Hannah, and playing golf and tennis.

16 HYBRID DEAL TEAM 9 Market Positioning & Pricing Analysis Market Positioning & Pricing Analysis Market PositioningMarket & Positioning Pricing Analysis & Pricing Analysis RETAIL GROUP RETAIL GROUP MOLLOYRETAIL GROUPKAYE Marketing teaM MOLLOYKAYE MOLLOYKAYE Marketing teaM Marketing teaM MARKETINGMarketing TEAM teaM Real estate Investment sReealRvIces estate Investment RsealeRv Iecesstate Investment seRvIces

NOTABLE CLOSED CLOSED MULTITENANT TRANSACTIONS MULTITENANT TRANSACTIONSMULTITENANT MULTITRANSACTIONSTENANT TRANSACTIONS Market Positioning & Pricing Analysis Starbucks | Verizon, Palm Harbor (Tampa-St. Pete), FL Trader Joe’s/Vitamin Shoppe, St. Petersburg, FL UNDER CONTRACTUNDER / ON MARKET CONTRACTUNDER / ON MARKETCONTRACT / ON MARKET5,750 SF, Built in 2007 15,500 RETAIL SF, Built in 2014 GROUP SOLD MOLLOYKAYE Marketing teaM Real estate Investment seRvIces UNDER UNDER UNDER CLOSED CLOSED CLOSED CONTRACT CONTRACTAVAILABLE CONTRACTAVAILABLE AVAILABLEAVAILABLE AVAILABLE

MOLLOYMOLLOYMOLLOYKAYEKAYEKAYE RETAIL RETAIL RETAIL GROUP GROUP GROUP MARKETING MARKETING TEAM TEAM RRealealReal e Estatestate Estate Investment Investment Investment seR ServicesvMULTIIces ServicesTENANT TRANSACTIONS The Atwater, Alpharetta, GA TheThompson Atwater, Square, Alpharetta, Tupelo, GA MS Mattress FirmThe | Aspen Atwater,Thompson Dental, Alpharetta, Square,Brunswick-St. Tupelo, GA Simon’sMS Island, GA Mattress FirmCrossroads | ThompsonAspen Dental,Market, Square, Brunswick-St. Warner Tupelo, Robins, MS Simon’s GA Island, GA Mattress Firm | Aspen Dental, Brunswick-St. Simon’s Island, GA 25,535 SF, Built in 2016 69,44825,535 SF, Built SF, in Built 1991, in Renovated2016 2002 69,44825,535 SF,7,700 SF, Built Built SF, in Built1991,in 2016 2016 Renovated 2002 UNDER69,448 CONTRACTSF,71,167 Built7,700 in SF, 1991, Built Renovated 20162008 2002 / ON MARKET7,700 SF, Built 2016

NOTABLE CLOSEDUNDER CLOSED CLOSEDCLOSEDCLOSED AVAILABLE AVAILABLEAVAILABLEMULTITENANT AVAILABLEAVAILABLE CLOSEDAVAILABLECLOSEDAVAILABLE AVAILABLE MULTITENANT CONTRACT CLOSED AVAILABLE AVAILABLE TRANSACTIONSTRANSACTIONS

Shops at Creatwood Corners, Smyrna, GA ShopsHome at CreatwoodCenter Village, Corners, Marietta, Smyrna, GA GA Clifton Place, Atlanta, GA ShopsEasley atCommons, CreatwoodClifton Place, Easley Corners, Atlanta, (Greenville), Smyrna, GA GA SC Campbell Corner, Hopkinsville, KY Home Center Village, Marietta, GA HayesHome Road Center Town10,880 Village,Center, SF, Built HudsonMarietta, in 2008 (Tampa), GA FL PeachtreeThe City Atwater, Promenade, Alpharetta, Peachtree GA City, GA ThompsonClifton Square, Place, Tupelo, Atlanta, MS GA Mattress Firm | Aspen Dental, Brunswick-St. Simon’s Island, GA 87,29210,880 SF, Built in 19892008 10,827 SF, Built in 2008 10,88010,827 SF, SF, Built Built in in2008 2008 87,292 SF, Built in 1989 SOLDSOLD 87,29270,770 SF, SF, Built Built in 20011989 25,53518,47211,400 SF, SF, Built SF,Built Builtin in 2016 2000 in 2014 69,448 SF, Built15,51810,827 in 1991, SF, Renovated Built in 20152008 2002 7,700 SF, Built 2016 1818 MOLLOY KAYE RETAIL GROUP CLOSED CLOSED CLOSED CLOSED AVAILABLE AVAILABLE AVAILABLE

51 5151 51 5151

Shops at Creatwood Corners, Smyrna, GA Tribute Lofts Retail, Atlanta, GA Eagle HomeRidge CenterShoppes, Village, Groveland Marietta, (Orlando), GA FL Clifton Place, Atlanta, GA WakefieldMadre & Mason, Crossing, Atlanta, Raleigh, GA NC 10,880 SF, Built in 2008 5,360 SF, Built 2009 3,70075,927 SF, SF,Built Built 2001 2001 87,29265,721 SF, SF, Built Built in 2007 1989 10,827 SF, Built in 2008

CLOSED CLOSED CLOSEDCLOSED

5151

Crossville Village, Roswell (Atlanta), GA SunsetShops Lakeat Godley Commons, Station, Holly Pooler Springs (Savannah), (Raleigh), GA NC SevenShoppes Hills at Station, 96th Street, Dallas Indianapolis,(Atlanta), GA IN 67,318 SF, Built 1978 23,49688,175 SF, SF,Built Built in 2006 2005 79,2006,000 SF, SF,Built Built in 2008 2015

17 17MOLLOYHYBRID KAYE DEAL RETAIL TEAM GROUP 4949 BOBJOHNSON KOREYPREFONTAINE

Bob Johnson is a Senior Director with Marcus & Millichap's National Office and Industrial Korey Prefontaine is a Director of Marcus & Millichap’s National Office and Indus- Properties Group, specializing in office and industrial investment sales and leasing. Prior trial Properties Group. More specifically, he specializes in healthcare and office to joining Marcus & Millichap, Mr. Johnson served at JLL as a leader on the Southeast In- investment sales on behalf of institutional and private investors, and extending vestment Sales team where he helped guide the JLL Southeast Investment Sales Team in the firm’s services to clients throughout the Southeast. Prior to joining Marcus & their highest revenue production in the past five years. Mr. Johnson also had a tenure at Millichap, Mr. Prefontaine was a Vice President with the Jones Lang LaSalle Cap- Grubb & Ellis, where as Senior Vice President, he was recruited for his strong knowledge ital Markets Group. While there, he was responsible for acquiring new business and experience in investment sales and leasing transactions. While at Grubb and Ellis, Mr. and working closely with clients to provide comprehensive disposition strategies Johnson was part of the Institutional/Private Capital Group, where he provided his clients a comprehensive approach to completing transactions through a broad platform of solu- through identifying leads and managing the due diligence cycle. Mr. Prefontaine tions. With over 26 years of experience, Mr. Johnson has fulfilled numerous roles within has over 20 years of commercial real estate experience, and provides real es- the commercial real estate industry. He has executed over $2 billion in sales and lease tate advisory services to corporations and individuals both in the Southeast and transactions throughout his career and is identified as a primary point of contact for large throughout the United States. He has completed over 300 sale and lease transac- portfolio sales and individual building sales for both institutional and individual investors. tions over the course of his real estate career. In the past decade, Mr. Prefontaine His success has earned him consistent, multi-year recognition for outstanding production has been involved in commercial sales and leasing totaling $1 billion. He has suc- and client accolades. During his career, he has successfully completed sales assignments cessfully completed transactions with John Hancock, Northside Hospital, GE Cap- for John Hancock, GE Capital, Parkway Properties, RREEF, and Hudson Advisors. Addition- ital, Frauenshuh HealthCare, Parkway Properties, DaVita, RREEF, Noble Proper- ally, he has completed leasing assignments for AEW, Traveler's Insurance, TA Associates MARKETINGMARKETINGties TEAM TEAM and Hudson Advisors. His experience and background in finance enable him and BGK Properties. to provide comprehensive real estate services that include property marketing, strategic planning, sale and lease negotiations and 1031 tax deferred exchanges. BiographyBiography - Bob - Bob Johnson Johnson BobBob Johnson Johnson EXPERIENCEEXPERIENCE & PROFESSIONAL& PROFESSIONAL HISTORY HISTORY SeniorSenior Director Director – Institutional – Institutional Property Property Advisors Advisors NationalNational Office Office and and Industrial Industrial Properties Properties Group Group EXPERIENCE & PROFESSIONAL HISTORY EXPERIENCE & PROFESSIONAL HISTORY Mobile:Mobile: (404) (404) 313 313-3100-3100 [email protected]@marcusmillichap.com 20142014 – Present – Present MarcusMarcus & Millichap, & Millichap, Senior Senior Director Director 2014 - Present Marcus&Millichap, Director www.seadvisorygroup.com www.seadvisorygroup.com 20122012 - 2014 - 2014 JLL,JLL, Senior Senior Vice Vice President President Investment Services 2012 - 2014 JLL, Vice President, Capital 20102010 – 2012 – 2012 GrubbGrubb& Ellis,& Ellis, Senior Senior Vice Vice President President INVESTMENTINVESTMENT EXPERIENCE EXPERIENCE Markets Group 20052005 – 2010 – 2010 SperrySperry Van Van Ness, Ness, Founder/Manager Founder/Manager 2010 - 2012 Grubb & Ellis, Associate Vice BobBobJohnsonJohnsonis ais Seniora SeniorDirectorDirectorwithwithMarcusMarcus& Millichap's& Millichap'sNationalNationalOfficeOfficeandand 19941994 – 2005 – 2005 AtlantaAtlanta Real Real Estate EstatePartners,Partners, Founder Founder President, Investment Services IndustrialIndustrialPropertiesPropertiesGroup,Group,specializingspecializingin officein officeandandindustrialindustrialinvestmentinvestmentsalessalesandand 1990 - 1994 Boston Real Estate Partners, Founder leasingleasing. Prior. Priorto joiningto joiningMarcusMarcus& Millichap,& Millichap,Mr.MrJohnson. Johnsonservedservedat JLLat JLLas aasleadera leaderon theon the 1990 - 1994 Boston Real Estate Partners, Founder 2005-2010 Sperry Van Ness, Advisor SoutheastSoutheastInvestmentInvestmentSalesSalesteamteamwherewherehe helpedhe helpedguideguidethe theJLLJLLSoutheastSoutheastInvestmentInvestment 19861986 – 1990 – 1990 CodmanCodman Company, Company, Senior Senior Vice Vice President President 1996-2005 Atlanta Real Estate Partners, SalesSalesTeamTeamin theirin theirhighesthighestrevenuerevenueproductionproductionin thein thepastpastfivefiveyearsyears. Mr. .MrJohnson. Johnsonalsoalso Broker, Founding Member CushmanCushman & Wakefield, & Wakefield, Senior Senior Vice Vice President President hadhada tenurea tenureat Grubbat Grubb& Ellis,& Ellis,wherewhereas Senioras SeniorViceVicePresident,President,he washe wasrecruitedrecruitedfor forhis his strongstrongknowledgeknowledgeandandexperienceexperiencein investmentin investmentsalessalesandandleasingleasingtransactionstransactions. While. Whileat at GrubbGrubbandandEllis,Ellis,Mr.MrJohnson. Johnsonwaswaspartpartof theof theInstitutional/PrivateInstitutional/PrivateCapitalCapitalGroup,Group,wherewherehe he providedprovidedhis hisclientsclientsa comprehensivea comprehensiveapproachapproachto completingto completingtransactionstransactionsthroughthrougha broada broad 20142014 – Present. – Present. Marcus Marcus & Millichap, & Millichap, Director, Director, Investment Investment Services Services platformplatformof solutionsof solutions. With. Withoverover26 26yearsyearsof experience,of experience,1818Mr.MrJohnson. Johnsonhashasfulfilledfulfilled 20122012 – 2014. – 2014. JLL JLL, Vice, Vice President, President, Capital Capital Markets Markets Group Group numerousnumerousrolesroleswithinwithinthe thecommercialcommercialrealrealestateestateindustryindustry. He18. HehashasexecutedexecutedHYBRIDoverover$2 billion$2 billion DEAL TEAM in salesin salesandandleaseleasetransactionstransactionsthroughoutthroughouthis hiscareercareerandandis identifiedis identifiedas aasprimarya primarypointpointof of 20102010 – 2012. – 2012. Grubb Grubb & Ellis, & Ellis, Associate Associate Vice Vice President, President, Investment Investment Services Services SPECIALIZATIONSPECIALIZATIONcontactcontactfor forlargelargeportfolioportfoliosalessalesandandindividualindividualbuildingbuildingsalessalesfor forbothbothinstitutionalinstitutionalandand 20052005 – 2010. – 2010. Sperry Sperry Van Van Ness, Ness, Advisor Advisor individualindividualinvestorsinvestors. His. Hissuccesssuccesshashasearnedearnedhimhimconsistent,consistent,multimulti-year-yearrecognitionrecognitionfor for outstandingoutstandingproductionproductionandandclientclientaccoladesaccolades. During. Duringhis hiscareer,career,he hehashassuccessfullysuccessfully 19961996 – 2005 – 2005 AtlantaAtlanta Real Real Estate Estate Partners, Partners, Broker, Broker, Founding Founding Member Member completedcompletedsalessalesassignmentsassignmentsfor forJohnJohnHancock,Hancock,GEGECapital,Capital,ParkwayParkwayProperties,Properties,RREEF,RREEF, TopandTop20andHudson,20SperryHudson, SperryVanAdvisorsVanAdvisorsNexxNexx. Partner’sAdditionally,. Partner’sAdditionally,CircleCirclehe2006hehas2006-has2008completed-2008completedleasingleasingassignmentsassignmentsfor forAEW,AEW, TopTraveler'sTop20Traveler'sPower20 PowerInsurance,Broker,Insurance,Broker,CoStarTACoStarTAAssociates2007Associates2007, 2012and, 2012andBGKBGKPropertiesProperties. . SouthernSouthernConnecticutConnecticutStateStateUniversity,University,BS,BS,BusinessBusinessEconomicsEconomics ACHIEVEMENTSACHIEVEMENTS & PROFESSIONAL& PROFESSIONAL AFILIATIONS AFILIATIONS

EDUCATIONEDUCATION

InvestmentInvestmentSales,Sales,Leasing,Leasing,CapitalCapitalMarkets,Markets,DistressedDistressedAssetAssetServicesServices 1 1

MEDICAL OFFICE 2000 Wellness Blvd | Monroe, NC Emory Physicians Plaza | GA TRANSACTIONS Novant Health, 22,359 SF, Medical Office 112,410 SF, Medical Office

Johns Creek | GA Northside Hospital Surgery Center | GA Marietta Medical Center | GA 12,669 SF, Medical Office 22,606 SF, Single-Tenant Medical Office 98,531 SF, Medical Office

Dunwoody Village Place | GA Northmeadow Medical Center | GA Yorktown Medical Center | GA 20,341 SF, Medical Office 51,539 SF, Medical Office 87,927 SF, Medical Office

19 HYBRID DEAL TEAM Property Overview InvestmentInvestment OverviewOverview

Marcus & Millichap is pleased to propose to exclusively market for sale a ±48,588 square foot medical center located at the signalized intersection of ■ Hyper Core Atlanta Location on Peachtree Road Peachtree Road and Colonial Drive in Brookhaven, Georgia. This unique investment opportunity is fully occupied by Walgreens and Piedmont Health- ■ Barriers to Entry within Infill City of care. This is a relocation site for Piedmont Healthcare who already has a Brookhaven proven track record in this market. Peachtree Road, which is one of the most notable thoroughfares in Atlanta, is a 5-lane road with a center turn ■ Corporate & Investment Grade Credit:: Walgreens (Baa2) & Piedmont lane providing for ease of access. Additionally, both tenants benefit from Healthcare (Aa3) phenomenal visibility, accessibility and exposure along Peachtree Road. Po- sitioned on a ±1.54 acre lot, the tenants benefit from ample parking. ■ Relocation Site for Piedmont Healthcare The subject property is supported by robust demographics. The estimated ■ Fundamental Real Estate :: Hard population with a 3-mile radius of the subject property is ±135,799 people Corner, Signalized Intersection and ±297,501 people within a 5-mile radius. Additionally, the average household income within a 1-mile radius is ±$125,955. ■ Superior Access Along Peachtree Rd NE & Colonial Dr NE Some of the surrounding traffic generators in the immediate area include Kroger, Stein Mart, Wells Fargo, Starbucks, Pep Boys, Kauffman Tire, and ■ New, High End “Class A” Construction Town Brookhaven, a 600,000+ SF mixed-use development with retail, office and multi-family. The subject property is also ±2 miles from Lenox Square ■ Long Remaining Lease Terms :: WAG ±23 and Phipps Plaza which are both Simon Malls with over 2 million square feet Yrs. & Piedmont ±10 Yrs. of retail. Oglethorpe University is ±1.5 miles north along Peachtree Road and contains over 1,000 students. ■ Affluent & Dense Surrounding Neighborhood: AHHI of ±$120k & Population of ±300k (5-Mile Radius) This investment is accompanied by corporately guaranteed leases from Walgreens and Piedmont Healthcare. Both tenants have strong investment grade credit ratings. As per Moody’s, Walgreens is rated Baa2 and Pied- mont Healthcare Aa3.

21 PROPERTY OVERVIEW TenantTenant OverviewOverview

Walgreens mission is to be America’s most-loved pharmacy-led health, well-being and beauty retailer. Its purpose is to champion everyone’s right to be happy and healthy. Walgreens Boots Alliance is the first global pharmacy-led, health and wellbeing enterprise. Our purpose is to help people across the world lead healthier and Walgreens is one of the largest drugstore chains in the U.S., Founded with a sin- happier lives. gle store in Chicago in 1901, Walgreens is today continuing to build a seamless customer experience through its nearly 8,200 drugstores and its Omni channel Walgreens Boots Alliance was created through the combination of Walgreens and business in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Alliance Boots in December 2014. This transaction brought together two leading Islands. companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted healthcare services through pharmaceutical whole- In December 2014, Walgreens completed its strategic combination with Alliance saling and community pharmacy care, dating back more than 100 years. Boots to establish Walgreens Boots Alliance, Inc., forging the first global pharmacy-led, health and wellbeing enterprise. The combination brought together two Walgreens Boots Alliance is the largest retail pharmacy, health and daily living leading companies with iconic brands, complementary geographic footprints, destination across the USA and Europe. Together with its equity method invest- shared values and a heritage of trusted health care services through communi- ments, Walgreens Boots Alliance has a presence in more than 25 countries and ty pharmacy care and pharmaceutical wholesaling. Both companies have more employs more than 400,000 people. The company is a global leader in pharma- than a century’s worth of experience in customer and patient care. Walgreens is cy-led, health and wellbeing retail with over 13,200 stores in 11 countries as well today part of the Retail Pharmacy USA division of Walgreens Boots Alliance. as one of the largest global pharmaceutical wholesale and distribution networks, with over 390 distribution centers delivering to more than 230,000 pharmacies, doctors, health centers and hospitals each year in more than 20 countries. In addition, Walgreens Boots Alliance is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products.

The Company’s size, scale, and expertise will help us to ex- pand the supply, and address the rising cost of, prescription drugs in the USA and worldwide. Walgreens Boots Alliance ranks No. 1 in the Food and Drug Stores industry of Fortune magazine’s 2017 list of the World’s Most Admired Compa- nies. This is the 24th consecutive year that Walgreens Boots Alliance or its predecessor company, Walgreen Co., have been named to the list.

22 PROPERTY OVERVIEW TenantTenant OverviewOverview

In 1905, Dr. Ludwig Amster and Dr. Floyd Willcox McRae founded Piedmont Hospital and were considered “ahead of their time.” Since its beginnings, Piedmont Hospital has been a pioneer in patient care, fulfilling the health needs of our neighbors in Atlanta and the surrounding communities.

Piedmont Healthcare is a private, not-for-profit organization serving nearly 2 million patients across Georgia, Piedmont is transforming healthcare, creat- 471,695 outpatient encounters, completing 235 organ transplants and han- ing a destination for the best clinicians and a one-of-a-kind experience that dling nearly 250,000 emergency room visits. always puts patients first. Of course, the power of technology will never replace the power of a per- Today, more than 110 years since it was founded, Piedmont is known as a sonal touch. That’s why at Piedmont, we build long-term patient relation- leading health system in cancer care, treatment of heart disease and or- ships and strong connections within our communities. What started as a sin- gan transplantation with 7 hospitals, 19 urgent care centers, 94 physician gle hospital a century ago has grown into an integrated healthcare system practice locations and 1615 Piedmont Clinic members. Our 16,500 employ- of seven hospitals and close to 100 physician and specialist offices across ees dedicate themselves to making a positive difference in every life we greater Atlanta and North Georgia. touch and our commitment doesn’t stop there. In 2016, Piedmont provided more than $142 million in uncompensated care and invested an additional $9.6 million in community benefit programming, in an 7 effort to better the health and hospitals well-being of the people in the communities we serve. Piedmont Piedmont Physicians Clinic Piedmont Healthcare has been a recognized leader in delivering ex- pert care. In 2016, Pied- Piedmont Piedmont mont served nearly two million Heart Transplant patients - performing over 44,000 surgeries, delivering 8,000 babies, providing

23 PROPERTY OVERVIEW SurroundingSurrounding RetailRetail MICRO AERIAL

15,400 Daily

Phase 2

33,100 Daily

McDonald’s

24 PROPERTY OVERVIEW SurroundingSurrounding RetailRetail INTERMEDIATE AERIAL

25 PROPERTY OVERVIEW SurroundingSurrounding RetailRetail Marketing Plan MACRO AERIAL

±248,000 Daily

821,000 SF of Retail

±166,000 Daily America’s 4th Largest Tech Pill Hill Atlanta Hub

± 1,000 Students

1.5+ Million SF of Retail Headquarters

300,000 SF of Retail 100,000 SF of Luxury Office 400,000 SF High-Rise Residential

26 PROPERTY OVERVIEW TrafficTraffic GeneratorsGenerators

27 PROPERTY OVERVIEW TrafficTraffic GeneratorsGenerators

28 PROPERTY OVERVIEW RegionalRegionalBROOKHAVEN MEDICAL MapMap CENTER (WALGREENS & PIEDMONT HEALTHCARE) 8 DEMOGRAPHICS

29 PROPERTY OVERVIEW 1 Market Overview AtlantaAtlanta

ATLANTA OVERVIEW

The Atlanta metro encompasses 29 counties in northwestern Georgia. With few natural barriers to limit development, tremendous population growth over the past decade expanded the metro’s borders and the region now has a population of roughly 5.7 million people. Over the next five years the region is expected to add nearly 500,000 residents. Meanwhile, new redevelopment projects in the downtown and midtown sections of Atlanta present a vast array of housing, entertainment and retail opportunities that are enticing residents back into the city and providing options for people moving to the metro.

METRO HIGHLIGHTS

HEAVY CONCENTRATION OF CORPORATE HEADQUARTERS Atlanta ran ranks fifth in the nation in the number of Fortune 500 headquarters with 17 companies, including UPS, Delta Airlines and Coca-Cola.

STRONG EMPLOYMENT GAINS The metro ranks among the highest in the nation for job growth. Nearly 400,000 jobs were added in the last four years.

LOW COST OF LIVING AND DOING BUSINESS ATTRACTS EMPLOYERS A pro-business environment and affordability helped Atlanta rise to second in the nation in job creation last year.

31 MARKET OVERVIEW 1 AtlantaBROOKHAVEN MEDICAL CENTER (WALGREENS& PIEDMONT)

ECONOMY § Gross metropolitan product (GMP) and retail sales progress above national levels. § The area serves as a financial hub for the Southeast. The Federal Reserve Bank of Atlanta and SunTrust Bank are housed locally. § Many companies favor Atlanta for low corporate taxes, its pro-business climate and access to national and global markets. Among the many corporate headquarters are Home Depot, Aflac and Turner Broadcast Co. Other major firms include NCR, Mercedes Benz, Porsche and State Farm.

MAJOR AREA EMPLOYERS

Delta Airlines The Home Depot AT&T WellStar Health Systems UPS Northside Hospital Piedmont Healthcare Children’s Healthcare of Atlanta Cox Enterprises * Forecast Bank of America

SHARE OF 2016 TOTAL EMPLOYMENT

6% 19% 12% 11% 6% MANUFACTURING PROFESSIONAL AND GOVERNMENT LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES BUSINESS SERVICES

22% 4% + 12% 3% 4% TRADE, TRANSPORTATION CONSTRUCTION EDUCATION AND INFORMATION OTHER SERVICES AND UTILITIES HEALTH SERVICES

2 32 MARKET OVERVIEW BrookhavenBrookhaven

Brookhaven, Georgia, is a newly incorporated city in the Atlanta metro area, the community is graced with historic homes, as well as new developments.

With a population of about 52,000 Brookhaven is located in western DeKalb County, north of Atlanta, and is the county’s largest city. Residents elected to form a new city of Brookhaven in December 2012. The city is home to Oglethorpe University.

Brookhaven’s streets are graced with a mix of hundred-year-old summer cottages and bungalows and roomy midcentury ranch homes, as well as newer construction. The city is one of the Atlanta metro area’s more affluent suburbs, with many historic homes, and homes flanking the west side of the historic Capital City Club valued at more than $1 million.

With its large homes and strong schools (both public and private), Brookhaven is a sought-after address for families. Popular neighborhoods include Brookhaven Village, North Brookhaven and Lynwood Park. The area around Buford Highway is home to more than 70 apartment complexes.

The 135-acre Murphy Candler Park, Brookhaven’s largest park, offers multi-use athletic fields, a swimming pool, playground and picnic areas, and a lake for fishing (the lake is stocked with largemouth bass, bluegill, and channel catfish, among others). The park hosts youth baseball, softball and football leagues.

The city each fall hosts the Brookhaven Chili Cook-off and the Brookhaven Arts Festi- val. In the spring and summer, the Brookhaven Farmers Market at Brookhaven Baptist Church offers locally grown food and other local products.

Brookhaven’s residents enjoy shopping at Town Brookhaven, a 600,000+ square foot mixed use district with more than 1,500 residential units and 150,000 square feet of office space in the complex. The complex offers dozens of restaurants, shops and services, including hair salons, a fitness center and a movie theater.

33 MARKET OVERVIEW DemographicsDemographicsBROOKHAVEN MEDICAL CENTER (WALGREENS & PIEDMONT)

DEMOGRAPHICS

§ The local population is projected to exceed 6.2 million people during the next five years, after adding roughly 500,000 residents. SPORTS § Nearly 200,000 households will be created by 2021, generating the need for additional housing options. § A skilled workforce includes nearly 35 percent of residents age 25 and older with a bachelor’s degree, above the national level.

2016 Population by Age

7% 21% 7% 29% 26% 11% 0-4 YEARS 5-19 YEARS 20-24 YEARS 25-44 YEARS 45-64 YEARS 65+ YEARS EDUCATION

2016 2016 2016 2016 MEDIAN POPULATION: HOUSEHOLDS: MEDIAN AGE: HOUSEHOLD INCOME: 5.7M 2.1M 35.9 $58,500 Growth Growth U.S. Median: U.S. Median: 2016-2021*: 2016-2021*: 8.5% 9.1% 37.7 $54,500

QUALITY OF LIFE The Atlanta metro features a surging business environment and modern infrastructure while providing entertainment and attractions. Affordable housing in the outer perimeters lowers the average cost of living. The metro has several acclaimed cultural institutions, including Zoo Atlanta and the High Museum of Art. More than 30 institutions of higher learning call Atlanta home, including Emory University, Georgia Institute of Technology and Spelman College. Outdoor and sports enthusiasts will find plenty to enjoy. Mild weather year-round beckons residents to hike, ARTS & ENTERTAINMENT paddle and bike on the many trails in and around Atlanta. Atlanta is home to professional sports franchises in the NFL, MLB, NBA and WNBA.

* Forecast Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau

34 MARKET OVERVIEW 3 DemographicsDemographics

1-MILE 3-MILE 5-MILE

2010 2017 2021 2010 2017 2021 2010 2017 2021

Total Population 17,371 19,304 21,311 122,000 135,799 143,367 271,769 297,501 312,023

Total Households 8,985 9,911 11,057 57,396 63,764 68,057 123,710 135,647 143,712

Female 8,920 10,032 11,051 59,886 67,260 70,934 134,927 148,453 155,529

% Female 51.4% 52.0% 51.9% 49.1% 49.5% 49.5% 49.7% 49.9% 49.9%

Male 8,452 9,272 10,260 62,115 68,539 72,433 136,842 149,048 156,494

% Male 48.7% 48.0% 48.2% 50.9% 50.5% 50.5% 50.4% 50.1% 50.2%

Population Density (Pop/Sq Mi) 5,766.88 6,143.86 6,782.76 4,323.86 4,802.38 5,070.01 3,430.30 3,787.50 3,972.37

Total Housing Units 10,127 10,615 11,767 65,108 68,692 73,271 138,569 144,452 152,945

Occupied Housing Units 88.7% 93.4% 94.0% 88.2% 92.8% 92.9% 89.3% 93.9% 94.0%

Vacant Housing Units 11.3% 6.6% 6.0% 11.8% 7.2% 7.1% 10.7% 6.1% 6.0%

Households by Income

$0 - $15,000 10.2% 9.6% 7.4% 10.9% 10.8% 8.5% 9.9% 10.0% 7.9%

$15,000 - $24,999 8.6% 7.2% 6.1% 9.0% 8.1% 7.0% 8.5% 7.7% 6.6%

$25,000 - $34,999 7.8% 7.3% 6.0% 9.2% 8.7% 7.3% 8.9% 8.3% 7.1%

$35,000 - $49,999 13.6% 11.6% 9.8% 14.4% 12.8% 11.2% 13.6% 12.0% 10.5%

$50,000 - $74,999 13.4% 14.0% 12.5% 15.0% 15.7% 14.1% 15.4% 15.9% 14.2%

$75,000 - $99,999 10.2% 10.6% 11.1% 10.0% 10.3% 11.3% 10.4% 10.5% 11.4%

$100,000 - $149,999 17.5% 18.0% 21.0% 14.8% 14.8% 17.7% 15.0% 14.7% 17.5%

$150,000 + 18.7% 21.7% 26.0% 16.8% 18.8% 22.9% 18.4% 20.8% 24.7% Average Hhld Income $116,976 $125,955 $147,961 $106,739 $112,162 $132,058 $112,533 $118,338 $137,979 Median Hhld Income $67,151 $75,625 $93,516 $59,430 $63,999 $78,828 $63,502 $67,845 $82,447

Per Capita Income $60,541 $64,699 $76,797 $50,352 $52,783 $62,800 $51,541 $54,226 $63,805

35 MARKET OVERVIEW DemographicsDemographicsPROPERTY NAME

MARKETINGDEMOGRAPHICS TEAM

Population Race and Ethnicity In 2016, the population in your selected geography is 19,304. The The current year racial makeup of your selected area is as follows: 73.82% population has changed by 11.16% since 2000. It is estimated that the White, 7.75% Black, 0.08% Native American and 7.52% Asian/Pacific population in your area will be 21,311.00 five years from now, which Islander. Compare these to US averages which are: 70.77% White, 12.80% represents a change of 10.40% from the current year. The current population Black, 0.19% Native American and 5.36% Asian/Pacific Islander. People of is 48.03% male and 51.97% female. The median age of the population in your Hispanic origin are counted independently of race. area is 34.11, compare this to the US average which is 37.68. The population density in your area is 6,143.90 people per square mile. People of Hispanic origin make up 14.23% of the current year population in your selected area. Compare this to the US average of 17.65%.

Households Housing There are currently 9,911 households in your selected geography. The The median housing value in your area was $398,765 in 2016, compare number of households has changed by 26.84% since 2000. It is estimated this to the US average of $187,181. In 2000, there were 3,306 owner that the number of households in your area will be 11,057 five years from occupied housing units in your area and there were 4,508 renter occupied now, which represents a change of 11.56% from the current year. The average housing units in your area. The median rent at the time was $779. household size in your area is 1.92 persons.

Income Employment In 2016, the median household income for your selected geography is In 2016, there are 27,476 employees in your selected area, this is also known $75,625, compare this to the US average which is currently $54,505. The as the daytime population. The 2000 Census revealed that 70.47% of median household income for your area has changed by 28.17% since 2000. employees are employed in white-collar occupations in this geography, and It is estimated that the median household income in your area will be $93,516 29.66% are employed in blue-collar occupations. In 2016, unemployment in five years from now, which represents a change of 23.66% from the current this area is 2.71%. In 2000, the average time traveled to work was 27.00 year. minutes.

The current year per capita income in your area is $64,699, compare this to the US average, which is $29,962. The current year average household income in your area is $125,955, compare this to the US average which is $78,425.

36 MARKET OVERVIEW 4 PowersPowers FerryFerry ShoppingShopping CenterCenter

GeorgiaGeorgia FortuneFortune 500500 HeadquartedHeadquarted FirmsFirms MARKET OVERVIEW

Source: Metro Atlanta Chamber

34 MARKET OVERVIEW Source: Metro Atlanta Chamber 37 MARKET OVERVIEW PowersPowers FerryFerry ShoppingShopping CenterCenter

MARKET OVERVIEW GeorgiaGeorgia FortuneFortune 10001000 HeadquartedHeadquarted FirmsFirms

CitiesCities With WithThe Most The Most FortuneFortune 500 Headquarters500 Headquarters RANKRANK CITY CITY #HQ #HQ

1 1 New York,New NY York, NY 47 47

2 2 Houston,Houston, TX TX 22 22

3 ATLANTA, GA 13 3 ATLANTA, GA * 13 * Chicago, IL 4 (Tie)4 (Tie) Chicago, IL 9 9 Dallas, Dallas,TX TX 5 St. Louis, MO 7 5 St. Louis, MO 7 Cincinnati, OH Milwaukee,Cincinnati, WI OH 6 (Tie) Minneapolis,Milwaukee, MN WI 6 6 (Tie) Richmond,Minneapolis, VA MN 6 San Francisco,Richmond, CA VA San Francisco, CA Charlotte, NC Irving,Charlotte, TX NC 7 (Tie) Omaha, Irving,NE TX 5 Pittsburgh, PA 7 (Tie) Omaha, NE 5 San Antonio,Pittsburgh,TX PA Seattle,San WA Antonio, TX *There are 13 FORTUNE 500 HeadquartersSeattle, with a cityWA of Atlanta mailing address as published on the 2016 FORTUNE 500 list. There are 16 FORTUNE There are 13 FORTUNE 500 Headquarters with a city of Atlanta mailing Source: Metro Atlanta Chamber 500 Headquarters* located within the entire metro Atlanta area. Source: Metro Atlanta Chamber address as published on the 2016 FORTUNE 500 list. There are 16 FORTUNE 500 Headquarters located within the entire metro Atlanta area.

38 MARKET OVERVIEW 35 MARKET OVERVIEW Financial Analysis OfferingOffering SummarySummary

OFFERING SUMMARY

Price $27,631,505

Gross Leasable Area (SF) 48,588

Price/ SF $568.69

NOI $1,450,654

Cap Rate - Current 5.25%

Lot Size (Acres) 1.54

Year Built 2016

40 FINANCIAL ANALYSIS RentRent RollRoll

TENANT SUMMARY Lease Suite Tenant GLA % of GLA Monthly Rent Annual Rent Rent/SF Lease Type Options Commencement Triple Net 1 Walgreen Co. 14,581 30.01% $46,282.67 $555,392.04 $38.09 10/31/2016 50, 1-Yr. (NNN)

2 Piedmont Medical Care Corp. 34,007 69.99% $70,847.92 $850,175.04 $25.00 10/31/2016 Triple Net 2, 5-Yr. (NNN) Piedmont Misc. Income $3,757.24 $45,086.88 $1.33

TOTAL VACANT 0 0.00%

TOTAL OCCUPIED 48,588 100.00% $120,887.83 $1,450,653.96

41 FINANCIAL ANALYSIS presentedpresented byby OFFICES THROUGHOUT THE U.S. & CANADA presented by: www.marcusmillichap.com