Shaw's Supermarket

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CONCORD, NEW HAMPSHIRE CONCORD, SHAW’S SUPERMARKET 246 LOUDON ROAD (STATE ROUTE 9) CONCORD, NEW HAMPSHIRE 03301 NEW HAMPSHIRE ROUTE 9) CONCORD, 246 LOUDON ROAD (STATE

InvestmentInvestment Financial Lease Tenant Market

OverviewOverview Overview Summary Overview Overview

Steakhouse, Burger King, TD Bank, and many more. Steakhouse, Burger King, TD Bank, and many Chipotle Mexican Grill, Aspen Dental, AT&T, Meineke, Goodwill, Olive Garden, TGI Fridays, LongHorn Meineke, Goodwill, Olive Garden, TGI Fridays, LongHorn Chipotle Mexican Grill, Aspen Dental, AT&T, Additional Tenants in the immediate vicinity include: Regal Cinemas, Michaels, 99 Restaurants, Pet Smart, Michaels, 99 Restaurants, Pet Smart, the immediate vicinity include: Regal Cinemas, Additional Tenants in Sporting Goods, Sam’s Club, Best Buy, Aldi, and Walmart Supercenter. Club, Best Buy, Aldi, and Walmart Supercenter. Sporting Goods, Sam’s within a dense trade area. Some strong national credit anchors include: The Home Depot, Target, Dick’s include: The Home Depot, Target, Dick’s area. Some strong national credit anchors within a dense trade Drive. More than 22,000 vehicles pass through this thoroughfare daily. The subject property is also located daily. The subject property is also located vehicles pass through this thoroughfare Drive. More than 22,000 Shaw’s is ideally located along the signalized hard corner of Loudon Road (State Route 9) and D’Amante Road (State Route 9) and D’Amante along the signalized hard corner of Loudon Shaw’s is ideally located grocer with 154 locations. grocer with 154 locations. (Inc.). The lease is corporately guaranteed by Shaw’s Supermarkets, Incorporated, a New England based Incorporated, a New England based guaranteed by Shaw’s Supermarkets, (Inc.). The lease is corporately five years and in option periods. Shaw’s is a wholly owned subsidiary of Albertsons Companies, Incorporated of Albertsons Companies, Incorporated periods. Shaw’s is a wholly owned subsidiary five years and in option zero landlord responsibilities. The lease features a hedge against inflation with 10 percent rent bumps every bumps every with 10 percent rent against inflation lease features a hedge responsibilities. The zero landlord income tax-free state. There are more than eight years remaining on a triple-net (NNN) ground lease with lease with (NNN) ground remaining on a triple-net more than eight years state. There are income tax-free Marcus & Millichap is pleased to present Shaw’s Supermarket in Concord, New Hampshire, the capital of the capital of the New Hampshire, the in Concord, present Shaw’s Supermarket is pleased to Marcus & Millichap INVESTMENT OVERVIEW INVESTMENT

Additional Tenants in the Immediate Vicinity Additional Tenants in the Immediate More. More.

Capital Commitment to Concord | New Capital Commitment to Concord Steakhouse, Burger King, TD Bank, and Many Olive Garden, TGI Fridays, LongHorn Olive Garden, TGI Fridays, LongHorn

Aspen Dental, AT&T, Meineke, Goodwill, Aspen Dental, AT&T, Meineke, Goodwill, 99 Restaurants, Chipotle Mexican Grill, 99 Restaurants, Chipotle Mexican Grill, Strong Credit Anchors Nearby Include: Concord Hospital Building ($85 Million) Million) Concord Hospital Building ($85 Michaels, Include: Regal Cinemas, Pet Smart, Ideally Located Along the Signalized Hard Ideally Located Along the Signalized

Attractive Existing Financing Per Day (VPD) Supercenter Hedge Against Inflation | 10 Percent Rent Hedge Against Inflation D’Amante Drive | More Than 22,000 Vehicles Vehicles D’Amante Drive | More Than 22,000 & Walmart Sporting Goods, Aldi, Sam’s Club Bumps Every Five Years and in Options Bumps Every Five Years and in 9) and Corner of Loudon Road (State Route Dick’s The Home Depot, Target, Best Buy,

Subsidiary of Albertson’s Companies, Subsidiary of Albertson’s More Than Eight Years Remaining on a More Than Eight

Shaw’s Supermarket in Concord, New in Shaw’s Supermarket Tax-Free State | Income Landlord Responsibilities | 154 Locations Incorporated (Inc.) Hampshire | The Capital of New Hampshire of New Hampshire | The Capital Hampshire Ground Lease With Zero Triple-Net (NNN) | Shaw’s Supermarkets, Incorporated (Inc.)

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HIGHLIGHTS INVESTMENT INVESTMENT Investment Financial Lease Tenant Market Overview Overview Summary Overview Overview (STATE ROUTE 9) ROUTE (STATE 246 LOUDON ROAD LOUDON 246 CONCORD, NEW HAMPSHIRE NEW HAMPSHIRE CONCORD, ANNUALIZED OPERATING DATA ANNUALIZED OPERATING Base Rent Annual Rent Rent Monthly 3/1/2022 2/28/2027 $475,832.50 $39,652.71 10% 3/1/2017 2/28/2022 $432,575.00 $36,047.92 3/1/2037 2/28/2042 $633,333.06 $52,777.76 10% 3/1/2032 2/28/2037 $575,757.33 $47,979.78 10% OPTIONS 3/1/2027 2/29/20323/1/2042 $523,415.75 2/28/2047 $696,666.36 $43,617.98 $58,055.53 10% 10% 3/1/2047 2/29/2052 $766,332.99 $63,861.08 10% 3/1/2052 2/28/2057 $842,966.28 $70,247.19 10% Shaw’s

$7,500,000 $7,500,000 5.77% $432,575 $4,122,315± $3,377,685± $107.14 $6.18 2002 8.69± 1.79± Additional 10.48± Total 70,000 SF ± Ground Supermarkets, Shaw's (Inc.) Incorporated (NNN) Triple-Net Lease Ground Responsible Tenant

CAP RATE NOI ASSUMABLE LOAN DOWNPAYMENT/EQUITY FOOT PRICE PER SQUARE FOOT RENT PER SQUARE YEAR BUILT SIZE (ACRES) LOT PRICE GROSS LEASEABLE AREA TYPE OF OWNERSHIP LEASE GUARANTOR LEASE TYPE ROOF AND STRUCTURE

FINANCIAL OVERVIEW

2024 Year) 2023 $475,833 $251,931 $223,902 $3,377,685 6.63% $3,788,141 2022 $475,833 $251,931 $223,902 $3,377,685 6.63% $3,874,050 2021 $432,575 $251,931 $180,644 $3,377,685 5.35% $3,956,325 2020 $432,575 $251,931 $180,644 $3,377,685 5.35% $4,034,649 2019 $432,575 $251,931 $180,644 $3,377,685 5.35% $4,110,132

(Maturity YEAR NOI LEASE EXPIRATION DATE LEASE EXPIRATION LEASE TERM TERM REMAINING INCREASES RENEW OPTIONS TO TERMINATE OPTIONS TO PURCHASE OPTIONS TO FIRST RIGHT OF REFUSAL

LEASE SUMMARY LEASE

the information and bearsthe information inaccuracies. all& Millichap & Millichap. risk for any Marcus is of © 2018 Marcus Activity a trademark ID# Z0331200 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, verify expressed must Buyer approximate. or implied, are or age no representations References been but be reliable, footage has square the accuracy of the information. to we make sourcesThis secured we believe from to as to information 5 Investment Financial Lease Tenant Market Overview Overview Summary Overview Overview Albertsons is one of the largest food and drug drug Albertsons is one of the largest food and local retailers in the United States with a strong February of As scale. national a on but presence, stores 2,324 operated company the 2017, 25, across 35 states and the District of Columbia under 20 well-known banners, including Acme, Tom Thumb, Randalls, United Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, operates in 122 Albertsons Haggen. and Supermarkets, Pavilions, Star Market, Carrs the United States. The company is ranked Metropolitan Statistical Areas (MSAs) in in 66 percent of those Metropolitan number one or number two by market share with customers on providing their focuses (MSAs). Albertsons Areas Statistical a service-oriented shopping experience, including convenient and value-added services through 1,786 pharmacies, 1,227 in-store branded coffee shops, and 385 adjacent fuel centers. The company employs nearly 273,000 talented and dedicated employees serving on average 34 million customers each week. $59.7 Billion (2016) $59.7 Billion (2016) $11.4 Billion Shaw’s Owned (Wholly Private Albertsons, Inc.) of Subsidiary Shaw’s Supermarkets, Shaw’s (Inc.) Incorporated 154 Locations TENANT PROFILE

NET WORTH SALES VOLUME

TENANT TRADE NAME OWNERSHIP TENANT LEASE GUARANTOR NUMBER OF LOCATIONS

TENANT OVERVIEW TENANT The store performs impressively. Today, Shaw’s® and Star Market® continues to thrive and is working to become the favorite to become the favorite Star Market® continues to thrive and is working Today, Shaw’s® and Harvest Wild feature stores Shaw’s Most operates. it state every in retailer drug and food free foods, and about 90 locations (including departments, which offer organic preservative the subject property) have their own pharmacy. Together, these two men sowed the seeds that would one day become Shaw’s Supermarkets, Shaw’s Supermarkets, sowed the seeds that would one day become Together, these two men attributed to the ingenuity of 150 years, their growth can be directly Inc. And over the past quality service. belief in offering quality products and these two men and their Shaw’s is one of the oldest continuously operated supermarkets in the United States with with States United the in supermarkets operated continuously oldest the of one is Shaw’s C. Shaw opened his first were firmly planted in 1860, when George New England roots that Englander, Maynard A. Davis, A few years later, another native New store in Portland, Maine. Massachusetts. Markets’ in Brockton and New Bedford, opened his first ‘Public

CONCORD Boston and the Canadian Border; Boston and the Canadian leadership; and A fiscally sound City with forward-thinking An award-winning Main Street destination. Strategically located in New England’s Business Corridor with excellent interstate access to in New England’s Business Corridor with Strategically located New Hampshire; vibrant, and livable cities in central One of the most desirable, An excellent quality of life – Concord is a desirable urban hub in New An excellent quality of life – Concord Main Industries include Major Healthcare and Insurance Companies. Proximity to the northeast U.S. and Canadian markets; Proximity to the northeast U.S. and Canadian best state capitals nationwide to live; Been cited by SmartAsset as one of the five in which to live by WalletHub; and Been ranked Seventh Best U.S Capital City Hampshire’s growing playground, in one of the healthiest states in the U.S Office space for immediate occupation; Excellent educational establishments; An educated workforce; A full-service regional airport; Available land for development;

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ONCORD HAS… ONCORD

CONCORD IS… CONCORD With the City’s central location in the northeast business corridor, coupled with high-quality support support with high-quality business corridor, coupled in the northeast central location With the City’s Hampshire communities in New of the most desirable touted as one has been consistently services, Concord region. Also, the best in the resources are among and educational live and work. Its cultural in which to rural areas complements the high-quality River and typical New England its proximity to the Merrimack - residential neighborhoods. This is Concord areas and comfortable nature of its service of its commercial ready to welcome new business investment. Street - and its front door is open and New Hampshire’s Main ABOUT ABOUT C

Investment Financial 202 Lease Tenant Market Overview Overview Summary Overview Overview 107 393 Pittsfield $66,672 $69,979 $85,780 $47,444 $49,425 $63,848 $30,490 $31,375 $35,012 1-Mile 3-Mile 5-Mile Epsom 28 4 28 2017 Average HH Income 2017 Median HH Income 2017 Per Capita Income Chichester Allenstown 28 129 393 3 SITE Pembroke 202 106

S S Suncook

U U I I Loudon

D 106 D E

A A 106 L

R R

2,661 9,465 16,516 2,655 9,579 16,826 2,696 9,739 17,155

1 93

L 9 L

1-Mile 3-Mile 5-Mile

I I

3 5 4 132 93 129 4 Concord Bow 2010 Households 2017 Households 2022 Households 93 3 13 93 4 89 202 3

5,658 20,875 40,846 5,685 21,281 42,030 5,778 21,665 42,839 1-Mile 3-Mile 5-Mile 89

103

2010 Population

2017 Population

2022 Population Hopkiton 127 103 127 89 127 202 MAJOR MARKETS

Montpelier

Concord MILEAGE TO MAJOR AIRPORTS

BOSTON LOGAN INTERNATIONAL 72~ MILES AIRPORT

PORTLAND, MAINE 89~ MILES JETPORT MARCUS & MILLICHAP HEREBY ADVISES ALL PROSPECTIVE PURCHASERS OF NET LEASED PROPERTY AS FOLLOWS:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property. CONCORD, NEW HAMPSHIRE SHAW’S SUPERMARKET offering memorandum

246 LOUDON ROAD (STATE ROUTE 9) CONCORD, NEW HAMPSHIRE 03301 BROKER OF RECORD: JENNIFER ATHAS | MARCUS & MILLICHAP | BOSTON | LICENSE: 069504