Jared, the Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions

Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions

Property Photo SINGLE TENANT INVESTMENT OFFERING • PREMIER REGIONAL RETAIL LOCATION • CORPORATE LEASE GUARANTY • OUT PARCEL TO THE SHOPPES AT ARBOR LAKES • NO LANDLORD OBLIGATIONS • FIFTEEN YEAR HISTORICAL OCCUPANCY • 5,850 SF BUILDING ON 1.72 ACRE PARCEL

The Silver Group Barry Silver Greg Cunha 1050 Northgate Drive #500 Email: [email protected] Email: [email protected] San Rafael, CA 94903 Phone: (415) 461 - 0600 Phone: (415) 461 - 0600 www.thesilver-group.com Investment Summary - Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions

Purchase Price: $4,950,000 The subject property is a single tenant, Jared, The Galleria of Jewelry retail store located in the northwest Minneapolis suburb of Maple Grove, Minnesota. Cap Rate: 8.51% The Property consists of a freestanding ± 5,850 sf retail building on ± 1.72 Building Area: ± 5,850 s.f. acres of land at 11905 Elm Creek Blvd. North. Jared sits prominently at one of Maple Grove’s busiest intersections, Elm Creek Blvd. (± 22,000 vpd) Parcel Size: ± 1.72 acres and Hemlock Lane (± 35,000 vpd), in the area’s premier lifestyle center The Year Built: 2004 Shoppes at Arbor Lakes (Whole Foods Market, Trader Joe’s, Bed & Body Works, Cost Plus World Market, H & M, Pottery Barn, Williams Sonoma, Lease Terms: Kirkland’s, The Gap, BMO Harris Bank, P.F. Chang’s & Biaggi’s). Arbor • Original Twenty Year Primary Term with less Lakes has over 1.5 million square feet of shopping with Cub Foods, Lund’s & Byerly’s Grocery, AMC 16 Arbor Lakes, Kohl’s, Best Buy, Old Navy, Michael’s, than 5 Years of Term Remaining Nordstrom Rack, Total Wine, Bed Bath & Beyond as well as Main Street • ABSOLUTE NET - No Landlord obligations (Buca di Beppo, Chipotle, Cold Stone Creamery, Noodles & Co. & Panera • Scheduled rent increase every 5 years Bread). Across Hemlock Lane is the The Fountains at Arbor Lakes with Costco, Lowe’s Home Improvement, HomeGoods, Dick’s Sporting Goods, REI, La-Z- • Four x 5 year renewal options Boy, Ethan Allen, Petsmart, Dave & Busters, Chick-fil-A, Benihana’s, TGI Fridays, Courtyard by Marriott & Holiday Inn). Jared Jewelry has operated at Annual Rent Schedule: this location since 2004. Jared Jewelry - Maple Grove offers an investor $421,145 Years 16 - 20 the opportunity to own a prized, management-free, out-parcel leased to an industry leading retailer in one of the region’s premier shopping Option Rent Schedule: centers. $475,359 Option 1 (+10%) $522,895 Option 2 (+10%) Population: 58,450 3 miles $575,184 Option 3 (+10%) 191,418 5 miles $632,703 Option 4 (+10%) Average HH Income: $115,100 3 miles Rent Commenced: March 6, 2004 $109,867 5 miles The information contained herein has been received from sources we believe to be reliable, but we have made no independent investigation of the accuracy or completeness and make no representation thereto. The above is subject to errors, omissions, or withdrawal from the market.

The Silver Group • Phone: (415) 461 - 0600 Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions

The Silver Group • Phone: (415) 461 - 0600 Site Plan - Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions

The Silver Group Barry Silver Greg Cunha 1050 Northgate Drive #500 Email: [email protected] Email: [email protected] San Rafael, CA 94903 Phone: (415) 461 - 0600 Phone: (415) 461 - 0600 www.thesilver-group.com The Shoppes ay Arbor Lakes - Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions

Elm Creek Blvd

Hemlock Lane

The Silver Group • Phone: (415) 461 - 0600 Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions

The Silver Group • Phone: (415) 461 - 0600 Arbor Lakes Shopping District - Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions

The Silver Group • Phone: (415) 461 - 0600 Property Photos - Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions

Front of building View from Hemlock Ln.

The Silver Group • Phone: (415) 461 - 0600 Drive Distance Map - Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions

± 15 miles ± 25 miles

± 27 miles

The Silver Group • Phone: (415) 461 - 0600 Tenant Information - Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions

ABOUT THE TENANT

Sterling Jewelers, Inc. Largest specialty jeweler in the United States with Wholly owned subsidiary of Signet Jewelers (NYSE “SIG”) 1,500 stores in all 50 states including 270 Jared Annual Company Revenues of $6.25 billion The Galleria of Jewelry. Jared accounts for 19% of parent company, Signet Jewelers sales. 2019 Net Worth of $1.2 billion Signet Jewelers and corporate guarantor, Sterling Jewelers, Inc., is the largest specialty jewelry retailer in the U.S, U.K. and Canada. They are also the world’s largest retailer of diamond jewelry. Signet operates approximately 3,300 stores primarily under the name brands of Kay Jewelers, Zales, Signet Jewelers Limited is the world’s largest retailer Jared The Galleria Of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing of diamond jewelry. Signet operates over 3,300 Pagoda. The Company’s annual sales of approximately $6.25 billion are stores primarily as Kay Jewelers, Zales & Jared. derived from the retailing of jewelry, watches and associated services. Signet believes customers associate our brands with high quality jewelry and an outstanding customer experience. Signet increases the attraction of Signet’s store brands to customers through the use of branded differentiated and exclusive merchandise, while offering a compelling value proposition in more basic ranges. The North America segment operates 2,700 locations in the U.S. and 128 locations in Canada. The U.S. segment primarily operates in malls and off-malls under the banners Kay, Zales, Jared the Galleria of Jewelry and a variety of mall based kiosks. The International segment operates 477 stores in the U.K., Ireland and Channel Islands. Jared, offers the broadest selection of merchandise and is the fourth largest U.S. specialty retail jewelry brand by sales. The typical Jared has 4,800 sf of selling space. Locations are typically free-standing sites with high visibility and traffic flow, positioned Jared the Galleria of Jewelry is the leading off-mall close to major commercial arteries within shopping developments. Jared accounts for 19% of Signet’s sales in FY 2019. Signet Jewelers maintains a destination retail jewelry chain in the U.S. with 274 credit rating of BB / Stable from Standard & Poors. stores in 41 states. The Silver Group • Phone: (415) 461 - 0600 About the Area - Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions

MN Largest employers Health Technology Hub

Maple Grove is a city in Hennepin County, Minnesota. The population was 74,063 residents per world polulation review, ranking Maple Grove as Minnesota’s eighth largest city. Maple Grove serves as the retail, cultural and medical center of the northwest region of the Minneapolis - Saint Paul MSA. One of the Twin Cities’ largest shopping centers, The Shoppes at Arbor Lakes, is located in Maple Grove. Maple Grove is also home to the Hindu Temple of Minnesota, which is the largest Hindu temple in the state. Maple Grove is home to a regional Boston Scientific research, development and manufacturing facility, employing over 3,000 people. Other major employers include the Independent School District 279 and the City of Maple Grove. The city is home to a 2,000-acre (8.1 km2) gravel mining area owned by Tiller Corporation and C.S. McCrossan. Active since the 1920s, the GMA is slowly being developed into a residential and commercial downtown. The first phase included Main Street, a collection of one and two-story buildings with storefronts built in new urbanist (or neotraditional) style. The second phase was the Shoppes of Arbor Lakes and the third phase was the Fountains at Arbor Lakes. Minnesota’s first so-called ‘lifestyle center’, The Shoppes at Arbor Lakes, is designed in the spirit of a mid-century American village and includes stores such as Whole Foods, Trader Joes, AMC Theaters, Pottery Barn, H&M, Williams- Sonoma, GoodThings, Hot Mama, Teavana, Anthropologie, P.F. Chang’s, World Market, JARED Jewelry and numerous other upscale stores. This lifestyle center was built in 2003 and has been replicated in Woodbury, Minnesota (Woodbury Lakes). Maple Grove’s Shoppes at Arbor Lakes is 415,000 square feet in size and is home to more than 65 stores and restaurants.

The Silver Group • Phone: (415) 461 - 0600 Demographics - Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions

The Silver Group • Phone: (415) 461 - 0600 Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions

The Silver Group • Phone: (415) 461 - 0600