Mattress Firm , Pennsylvania $2,057,143 + 7.00%

Michael Zimmerman, Principal 919.391.9901 + [email protected]

Property listed in conjunction with Pennsylvania broker Aaron Savin of ECHO Real Estate Services Company (PA RE license RM419391). Coming Soon

Prime Investment + This NN Mattress Firm lease features minimal landlord responsibilities, rental increases and an additional option to renew.

Strategic Location + This area of McKnight Road is the prominent, primary retail corridor in

McKnight Road the market, and features several high- end furnishing retailers, including

The Block Northway At Home, Kirkland’s, The Container Store and more.

Accessible Site + The site sits at a visible corner location adjacent to with easy access to downtown Pittsburgh and the 2.3 million people who call the area home.

In-Line Rental Rates + This Mattress Firm lease features rental rates that are firmly in line with market rents along McKnight Road, which are currently $36 per square foot of retail space.

Mattress Firm + Investment Highlights groundandspacepartners.com + 1 Representative Photo

Investment Summary Tenants Mattress Firm Guarantor Corporate Address 7975 McKnight Road Pittsburgh, PA 15327 Asking Price $2,057,143 Cap Rate 7.00% Annual Rent $144,000 ($36.00/SF) Year Built 2013 Building Size ± 4,000 SF Land Size ± 0.52 AC Lease Term ~10 Years Lease Type NN Commenced May 23, 2013 Expires May 31, 2029* First Option Exercised Options 1 x 5-Year Option Remains Increases $3.00/SF in Years 12 + 17 Landlord Roof, Structure + Parking Lot

Mattress Firm + Investment Summary groundandspacepartners.com + 2 Rent Schedule Years Annual Rent Increase 6–11 (Base Term) $144,000 ($36.00/SF) N/A 12–16 (Base Term)* $156,000 ($39.00/SF) $3.00/SF 17–21 (Option 1) $168,000 ($42.00/SF) $3.00/SF *Tenant has exercised its First Option Period.

Mattress Firm + Rent Schedule groundandspacepartners.com + 3 Mattress Firm Mattress Firm offers a broad selection of traditional mattresses and bedding accessories through over 3,500 company-operated and franchise-owned stores in 49 states. In August 2016, the company was purchased by Steinhoff International and now operates as its subsidiary. Mattress Firm has become the top specialty mattress retailer in the country, with fiscal 2016 sales of more than $3.8 billion.

Mattress Firm + Tenant Profile groundandspacepartners.com + 4 Mattress Firm Retail Market Overview Pittsburgh, Pennsylvania

Mattress Firm + Retail Market Overview groundandspacepartners.com + 5 McKnight Road

McIntyre Square Coming Soon

27,000 ADT

The Block Northway

Kane Regional Nursing Center

Mattress Firm + Aerial groundandspacepartners.com + 6 27,000 ADT

Ross Park Mall

McKnight Road

McIntyre Square 27,000 ADT The Block Northway

McKnight Road

Coming Soon

Mattress Firm + Aerial groundandspacepartners.com + 7 Nearby Shopping Centers Clockwise from top left: ; Grove City Premium Outlets; Pittsburgh International Airport Airmall; ; Ross Park Mall.

Mattress Firm + Nearby Shopping Centers groundandspacepartners.com + 8 The Block Northway Adjacent to Mattress Firm Site Coming Soon The Block Northway is comprised of almost 500,000 to The Block Northway square feet of prime retail and restaurant space. Current redevelopment efforts have seen the acquisition of an additional seven adjacent acres that will position this landmark property as the area’s go-to shopping destination. New retail stores include Nordstrom Rack, Saks Off 5TH, Ulta and more. Upcoming additions to The Block Northway include Dave & Buster’s, Carter’s, Torrd and Lands’ End.

Mattress Firm + Nearby Shopping Centers groundandspacepartners.com + 9 Mattress Firm + The Block Northway Redevelopment Site Plan groundandspacepartners.com + 10 Ross Park Mall 1.5 Miles from Mattress Firm Site Conveniently located in the North Hills of Pittsburgh, Ross Park Mall is anchored by Nordstrom, Macy’s and JCPenney. The mall features more than 1.2 million square feet of retail space and houses more than 170 retailers on multiple levels. Specialty shops include Tiffany & Co., Apple, Burberry and Michael Kors, among others. Serving the communities of Ross Township, McCandless and Cranberry Township, Ross Park Mall is considered to be the No. 1 mall in western Pennsylvania.

Mattress Firm + Nearby Shopping Centers groundandspacepartners.com + 11 Mattress Firm Pittsburgh Overview Pittsburgh, Pennsylvania

Mattress Firm + Pittsburgh Overview groundandspacepartners.com + 12 Hub of Opportunity Reinvented Public Spaces Bridge Rugged Past With Sustainable Future Smart streets, attractive riverfronts, green skyscrapers, re-imagined housing, a thriving downtown and investment in historic parks have dramatically changed the city’s stunning skyline. Students from around the world attend the world- renowned University of Pittsburgh and Carnegie Mellon University, and tech giants like Google, Facebook, Uber and Amazon all have Pittsburgh satellite offices.

Mattress Firm + Pittsburgh Overview groundandspacepartners.com + 13 Year-Round Activities Pittsburgh Welcomes Visitors From Across the Globe Year-round, Pittsburgh plays host to festivals, conventions, gallery crawls, sporting events and seasonal attractions, including a holiday market and ice skating at MassMutual Pittsburgh Ice Rink at PPG Place. Impressive dining and shopping venues provide options to engage visitors, while historic cable cars and a plethora of bridges speak to the growth of industry and innovation in the city.

Mattress Firm + Pittsburgh Overview groundandspacepartners.com + 14 This Mattress Firm location is within Ross Township, a sprawling suburban community adjacent to the northern border of Pittsburgh. While most areas of the Township are residential, a strong retail corridor is continuing to expand along McKnight Road. Ross Park Mall

Point State Park

Schenley Park

+ + + + Family-Friendly Tourism Highly Populated Area Strategic Location Fortune 500 Presence In 2017, the 552 meetings, conventions The Pittsburgh metro area has Pittsburgh is a vital link between the Six Fortune 500 companies call the and sports events hosted in the city a total population of 2.3M+, the Midwest and the East Coast, and Pittsburgh area home, and the city attracted 685M+ attendees and added largest in both the Ohio Valley and the area is the sixth-best in the U.S. is among the Top 10 metro areas $224M+ to the economy. Appalachia regions. for job growth.. for business expansion.

Mattress Firm + Pittsburgh Overview groundandspacepartners.com + 15 Approximately 9 Miles From Downtown Pittsburgh

Lawrenceville

Garfield

East Liberty Bloomfield

Shadyside

Strip District North Shore/North Side

Oakland Squirrel Hill

Mt. Washington South Side Flats

South Side Slopes

Easy Accessibility A 24-mile light rail system runs from the North Shore and Downtown Homestead/Waterfront Pittsburgh through the city’s southern neighborhoods. The “T” serves Downtown with a loop including First Avenue, Steel Plaza, Wood Street and Gateway Center. Stops on the North Shore include North Shore and Allegheny Station. Neighborhood Overview Pittsburgh’s hundreds of bridges not only add to the city’s unique skyline, but they also connect its vibrant neighborhoods and diverse residents. From hip and trendy to quiet and secluded, Pittsburgh has plenty of places for visitors and residents to shop, dine, hang out and explore in its 90 charming and distinctive neighborhoods.

Mattress Firm + Pittsburgh Neighborhood Overview groundandspacepartners.com + 16 Mattress Firm Economic Overview Pittsburgh, Pennsylvania

Mattress Firm + Economic Overview groundandspacepartners.com + 17 Prime Metro Location One of the “Most Livable Cities” in the United States Pittsburgh is within 500 miles of more than half the country’s population, and is less than a 90-minute flight from 50 percent of the North American population. Pittsburgh is often touted as one of the “most livable cities” in the country thanks to its low cost of living, many entertainment and recreational opportunities, rich culture and ease of accessibility.

Mattress Firm + Economic Overview groundandspacepartners.com + 18 Varied Economic Base Pittsburgh Listed Among “Best Places for Business and Careers” Low unemployment rates and a strong economy with a focus on healthcare, education, technology and financial services have helped Pittsburgh become the sixth-best area for job growth in the country. Pittsburgh is home to 68 colleges and universities, the nation’s eighth-largest bank, eight Fortune 500 companies and six of the top 300 U.S. law firms.

Mattress Firm + Economic Overview groundandspacepartners.com + 19 Growing Technology Hub Pittsburgh Reinventing Itself as an Innovation Hub Pittsburgh is now known as a leader in medicine, education, healthcare, robotics, software engineering and high-tech industries. In fact, the Pittsburgh tech sector generated $22 billion in the last decade, with more than $687 million being invested in Pittsburgh tech companies in 2017 alone.

Mattress Firm + Economic Overview groundandspacepartners.com + 20 Demographics

Demographics 1 Mile 3 Miles 5 Miles

Estimated Population 9,425 67,754 151,096 2023 Projected Population 9,439 67,345 150,096 2010 Census Population 9,070 67,818 151,927 Historical Annual Growth (2010–2018) 3.91% -0.09% -0.55% Projected Annual Growth (2018–2023) 0.15% -0.60% -0.69% Estimated Households 4,524 29,333 64,844 Population 2023 Projected Households 4,536 29,185 64,423 2010 Census Households 4,324 29,233 65,083 Historical Annual Growth (2010–2018) 4.63% 0.34% -0.37% Projected Annual Growth (2018–2023) 0.27% -0.50% -0.65% Est. HH Income $200,000+ 3.76% 6.11% 7.17% Est. HH Income $150,000-$200,000 7.31% 7.97% 7.71% Est. HH Income $125,000–$150,000 7.64% 8.67% 8.14% Est. HH Income $100,000-$125,000 10.32% 12.45% 11.37% Est. HH Income $75,000–$100,000 14.56% 15.43% 14.81% Est. HH Income $50,000–$75,000 21.32% 17.09% 16.36% Est. HH Income $25,000–$50,000 16.79% 17.60% 18.81% Household Income Est. HH Income Under $25,000 18.29% 14.68% 15.63% Est. Average Household Income $81,527 $91,825 $92,157 Est. Median Household Income $67,341 $76,022 $73,728 Est. White 89.96% 93.11% 90.89% Est. Black 2.38% 1.62% 3.82% Est. American Indian or Alaska Native 0.12% 0.08% 0.09% Est. Asian 6.40% 4.00% 3.70% Est. Hawaiian or Pacific Islander 0.03% 0.05% 0.05% Race/Ethnicity Est. Hispanic Origin 1.95% 1.33% 1.52% Est. Other 1.12% 1.14% 1.45%

Mattress Firm + Demographics groundandspacepartners.com + 21 Contact Us Michael Zimmerman P: 919.391.9901 groundandspacepartners.com [email protected]

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 Ground + Space and should not be made available to any other person or entity without the written consent of Ground + Space. 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. Ground + Space 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, PCBs 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, Ground + Space has not verified, and will not verify, any of the information contained herein, nor has Ground + Space 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.