Net Lease Investment Offering

Jared 5011 Monroe Street Toledo, Ohio Jared | Toledo, Ohio Table of Contents

TABLE OF CONTENTS

Offering Summary Executive Summary ...... 1 Investment Highlights ...... 2 Property Overview ...... 3

Location Overview Photographs ...... 4 Drone Aerial ...... 5 Location Aerial ...... 6 Site Plan ...... 7 Map ...... 8

Market Overview Market Overviews ...... 9 Demographics ...... 10 Tenant Summary Tenant Profiles ...... 11

| 2 | www.bouldergroup.com | Confidential Offering Memorandum Jared | Toledo, Ohio Executive Summary

EXECUTIVE SUMMARY

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Jared property located in Toledo, Ohio. Jared signed a new five-year lease in 2019 with two 5-year renewal options, demonstrating their commitment to the location. The location has a long and successful operating history as a jewelry store since 1995. The lease is guaranteed by a subsidiary of Signet Jewelers (S&P: BB).

The 5,200 square foot building is located along Monroe St (24,185 VPD), which is a primary north-south thoroughfare. The property is positioned just north of Interstate 475 (71,067 VPD) and is outparcel to Franklin Park Mall, which is anchored by Macy’s, Dillard’s, JCPenney, Dick’s Sporting Goods and Cinemark. Other retailers in the corridor include Target, Costco, Home Depot, Kohl’s, Fresh Thyme, Kroger, Walgreens and Dave & Busters. There are over 208,000 people living within five miles of the property.

Jared is a leading off-mall destination specialty retail jewelry store chain, with 274 stores in 41 states. Jared accounted for 19% of Signet’s sales in Fiscal 2018. Jared targets an upper mid-market jewelry customer. Signet Jewelers Limited is the largest specialty jewelry retailer in the US, UK and Canada. Signet operates approximately 3,600 stores primarily under the name brands of Kay Jewelers, Zales, Jared The Galleria Of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda. The company’s annual sales of approximately $6 billion derive from the retailing of jewelry, watches and associated services.

| 1 | www.bouldergroup.com | Confidential Offering Memorandum Jared | Toledo, Ohio Investment Highlights

INVESTMENT HIGHLIGHTS

■ Over 208,000 people living within five miles of the property

■ The lease is guaranteed by a subsidiary of Signet Jewelers (S&P: BB)

■ Jared signed a new five year lease in 2019 with two 5-year renewal options, demonstrating their commitment to the location

■ The location has a long and successful operating history as a jewelry store since 1995

■ Located along Monroe St (24,185 VPD), which is a primary north-south thoroughfare

■ Positioned just north of Interstate 475 (71,067 VPD) and is outparcel to Franklin Park Mall which is anchored by Macy’s, Dillard’s, JCPenney, Dick’s Sporting Goods and Cinemark

| 2 | www.bouldergroup.com | Confidential Offering Memorandum Jared | Toledo, Ohio Property Overview

PROPERTY OVERVIEW

Price: $1,928,571

Cap Rate: 7.00%

Net Operating Income: $135,000

Lease Type: NNN

Lease Expiration Date: December 31, 2024

Rental Escalations: 10% in each option

Renewal Options: Two 5-Year

Sterling Inc. dba Tenant: Jared the Galleria of Jewelry

Year Built: 1995

Building Size: 5,200 SF

Land Size: 0.49 Acres

| 3 | www.bouldergroup.com | Confidential Offering Memorandum Jared | Toledo, Ohio Photographs

| 4 | www.bouldergroup.com | Confidential Offering Memorandum Jared | Toledo, Ohio Drone Aerial

| 5 | www.bouldergroup.com | Confidential Offering Memorandum Jared | Toledo, Ohio Location Aerial

| 6 | www.bouldergroup.com | Confidential Offering Memorandum Jared | Toledo, Ohio Site Plan

| 7 | www.bouldergroup.com | Confidential Offering Memorandum Jared | Toledo, Ohio Location Map

| 8 | www.bouldergroup.com | Confidential Offering Memorandum Jared | Toledo, Ohio Demographics

DEMOGRAPHICS Population Income

1-Mile 3-Mile 5-Mile 1-Mile 3-Mile 5-Mile

Total Population: 9,724 84,667 208,317 Average Household Income: $74,246 $74,100 $69,481

Total Households: 4,426 37,152 87,446 Median Household Income: $53,095 $53,356 $50,870

| 9 | www.bouldergroup.com | Confidential Offering Memorandum Jared | Toledo, Ohio Market Overview

City of Toledo, Ohio

Toledo is a city in and the county seat of Lucas County, Ohio, United States. Toledo is in northwest Ohio, at the western end of Lake Erie bordering the state of Michigan. The city was founded in 1833 on the west bank of the Maumee River, and originally incorporated as part of Monroe County, Michigan Territory. It was re-founded in 1837, after conclusion of the Toledo War, when it was incorporated in Ohio. It has since become a city with an art community, auto assembly businesses, education, healthcare, and local sports teams.

The population of Toledo as of the 2010 Census was 287,208, making it the 71st-largest city in the United States. It is the fourth-most-populous city in the U.S. state of Ohio, after Columbus, Cleveland, and Cincinnati. The Toledo metropolitan area had a 2010 population of 651,429, and was the sixth-largest metropolitan area in the state of Ohio, behind Cleveland, Columbus, Cincinnati, Dayton, and Akron.

| 10 | www.bouldergroup.com | Confidential Offering Memorandum Jared | Toledo, Ohio Tenant Overview

Jared

Jared is a leading off-mall destination specialty retail jewelry store chain, with 274 stores in 41 states. Jared accounted for 19% of Signet’s sales in Fiscal 2018. Jared targets an upper mid-market jewelry customer.

Jared offers superior service with an enhanced selection of merchandise. Every Jared store has an on-site design and service center where repairs and custom jobs are completed. The typical Jared store has about 4,800 square feet of selling space and approximately 6,000 square feet of total space. Jared locations are normally free-standing sites with high visibility and traffic flow operating in retail centers that contain strong retail co-tenants such as big box stores. Jared also operates an outlet-mall concept known as Jared Vault. These stores are smaller than off-mall Jareds and offer a mix of identical products as Jared as well as different, outlet-specific products at lower prices.

Website: www.jared.com Locations: 274 Type: Subsidiary

| 11 | www.bouldergroup.com | Confidential Offering Memorandum Jared | Toledo, Ohio Tenant Overview

Sterling Jewelers, Inc.

Sterling Jewelers, Inc. is an American specialty jewelry company headquartered in Akron, Ohio. The company was founded in 1910 by Henry Shaw (the father of Jerry Shaw, the chairman emeritus of Sterling today), from LeRoy’s Jewelers in Lorain, Ohio. Sterling Jewelers is a wholly owned subsidiary of UK-based Signet Jewelers Limited (listed on the New York Stock Exchange under the symbol SIG), having been acquired in 1987.

Signet Jewelers Limited is the largest specialty jewelry retailer in the US, UK and Canada. Signet operates approximately 3,600 stores primarily under the name brands of Kay Jewelers, Zales, Jared The Galleria Of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda. The company’s annual sales of approximately $6 billion derive from the retailing of jewelry, watches and associated services.

| 12 | www.bouldergroup.com | Confidential Offering Memorandum CONFIDENTIALITY & DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder Group.

This Offering Memorandum 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. The Boulder Group has not made any investigation, and makes no warranty or representation.

The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has The Boulder Group 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.

EXLUSIVELY LISTED BY: Randy Blankstein Jimmy Goodman The Boulder Group President Partner 3520 Lake Avenue, Suite 203 847-562-0003 847-562-8500 Wilmette, Illinois 60091 [email protected] [email protected] www.bouldergroup.com