Investment Investment Surrounding Rent Tenant Area NET LEASEAerial PROPERTY GROUP | OFFERINGSite Plan MEMORANDUM Overview Highlights Uses Roll Overview Overview

WALGREENS | QDOBA | BRUNCH CAFE 17001 NEWBURGH ROAD THREE–TENANT NET LEASE OPPORTUNITY LIVONIA, ( MSA)i Investment Aerial Overview

CONTACTS Chris Bosworth Will Pike Vice Chairman Vice Chairman T +1 404 923 1486 T +1 404 923 1381 [email protected] [email protected]

Brian Pfohl Matt Mountjoy Senior Vice President Capital Markets Manager T +1 404 504 7893 T +1 404 504 5939 [email protected] [email protected]

Cyrus Felfeli Thomas Carr Capital Markets Analyst Capital Markets Analyst T +1 404 812 5065 T +1 404 812 5101 [email protected] [email protected]

Anne Rahm CBRE | MI Licensee [email protected]

www.cbre.com/nlpgatlanta

Table of Contents 3 7 10 13 17 19 22

Investment Aerials Investment Site Plan, Rent Roll & Lease Tenant Area Overview Highlights Surrounding Uses Notes Overview Overview ii Investment Investment Surrounding Rent Tenant Area Aerial Site Plan Overview Highlights Uses Roll Overview Overview

Investment Overview

iii Investment Investment Surrounding Rent Tenant Area AerialsAerial Site Plan Financials Overview Highlights Uses Roll Overview Overview

Investment Overview

The CBRE Net Lease Property Group is pleased to exclusively offer a 19,390– major thoroughfares connecting the surrounding retail, office and residential square–foot, three–tenant retail building that is 100% leased to Walgreens, corridors. Six Mile Road intersects with Interstate–275 (Traffic Count: 139,200 Qdoba and Brunch Cafe as follows: VPD) just one block west of the site. The property is strategically located within a well–developed corridor which features 4.4 MSF of retail, 6.3 MSF of office • Walgreens | +/- 11.7 years | 14,490 SF | $410,000 and 3,213 multifamily units within a 3–mile radius. Nearby retailers include • Qdoba | +/- 2.6 years | 2,450 SF | $51,205 The Home Depot, Target, Trader Joes, Kroger, Meijer, Costco, REI, Busch’s • Brunch Cafe | +/- 9.8 years | 2,450 SF | $59,290 Fresh Food Market, BJ’s Wholesale Club, Dick’s Sporting Goods, Barnes & Noble, PetSmart, Five Below, Office Depot, Best Buy, Office Max, Bed Bath & The property is ideally situated on a 2.47–acre hard–corner parcel in Livonia, MI, Beyond, Pier 1 Imports, O’Reilly Auto Parts, Sherwin–Williams, AT&T, GNC, which is one of Detroit’s most affluent suburbs (3-mile AHI: $110,007) and is just FedEx Office, Chase, Bank of America, Fleming’s Steakhouse and Wine Bar, 24 miles west of downtown Detroit (MSA Population: 4.3 million). The building J Alexander’s, P.F. Chang’s, BurgerFi, Red Robin, Buffalo Wild Wings, Panera features excellent access and visibility at the signalized intersection of Newburgh Bread, and Chipotle. Road and Six Mile Road (Combined Traffic Count: 71,800 VPD), which are two

4 Investment Investment Surrounding Rent Tenant Area AerialsAerial Site Plan Financials Overview Highlights Uses Roll Overview Overview

Investment Overview (Continued)

The immediate corridor features a diverse mix of retail, office, educational, these retail centers which contribute to the liveliness of the corridor. Additionally, and medical use buildings which keeps the area bustling year–round. The the surrounding area is considered a medical hub as the Michigan Department 506,685–square–foot Laurel Park Mall is located directly across the street of Health & Human Services and Northville Health Center share a campus on from the property which includes over 60 restaurants and stores, a movie the other side of the Interstate–275 interchange, while several other medical theatre, and an attached Marriott hotel. Laurel Park Place will add Dunham facilities such as the St. Mary Mercy Hospital and Providence Medical Center Sports as an additional anchor to in Fall 2019. Additional retail Livonia operate in the immediate vicinity as well. Furthermore, the Schoolcraft centers in the surrounding area include High Point Shopping Center, Newburgh College (Enrollment: 13,000 Students) campus, which is home to the newly– Plaza, Northville Village Center, Northville Park Place, and Northridge Grove developed St. Joe’s Sports Dome (the largest sports dome in Michigan), is Shopping Center. Several office parks – featuring tenants such as Comerica located just 2.3 miles from the site providing the property with even stronger Bank, Siemens, Masco Corporation, and Hormel Foods – are dispersed around daytime traffic.

Demographics

POPULATION 1 MILE 3 MILE 5 MILE 10,689 65,552 212,759

AVERAGE HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE

$107,998 $110,007 $103,159

TRAFFIC COUNT

Newburgh Road: 33,700 VPD Six Mile Road: 38,100 VPD

5 Investment Investment Surrounding Rent Tenant Area AerialsAerial Site Plan Financials Overview Highlights Uses Roll Overview Overview

17001 NEWBURGH ROAD LIVONIA, MICHIGAN 48154

PRICE CAP RATE NOI $7,700,000 6.75% $520,495

YEAR BUILT CURRENT OCCUPANCY PARCEL SIZE 2007 100% 2.47 ACRES

BUILDING SIZE RENT INCREASES WALT 19,390 SF VARIOUS ±10.3 YEARS

Term Lease Tenants GLA Remaining Expiration Rent Rent/SF

75% | 14,490 SF ±11.7 05/31/2032 $410,000 $28.30

12.5% | 2,450 SF ±2.6 4/30/2023 $51,205 $20.90

12.5% | 2,450 SF ±9.8 6/30/2030 $59,290 $24.20 6 Investment Investment Surrounding Rent Tenant Area Aerial Site Plan Overview Highlights Uses Roll Overview Overview

AERIALS

7 Investment Investment Surrounding Rent Tenant Area Aerials Site Plan Overview Highlights Uses Roll Overview Overview

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9 Investment Investment Surrounding Rent Tenant Area Aerial Site Plan Overview Highlights Uses Roll Overview Overview

INVESTMENT HIGHLIGHTS

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Investment Highlights

Attractive Tenant Mix Excellent Access/Visibility

Walgreen Co. (S&P: BBB), a subsidiary of Walgreens Boots Alliance Inc. The property is ideally situated on a 2.47–acre hard–corner parcel in Livonia, (NASDAQ: WBA), operates 9,277 drug stores in 50 states, the District MI, which is one of Detroit’s most affluent suburbs (3-mile AHI: $110,007) and of Columbia and Puerto Rico. Domestically, the company also operates is just 24 miles west of downtown Detroit (MSA Population: 4.3 million). The approximately 500 worksite health and wellness centers and in-store building features excellent access and visibility at the signalized intersection of convenient care clinics. Walgreens Boots Alliance Inc. reported FY 2019 Newburgh Road and Six Mile Road (Combined Traffic Count: 71,800 VPD), revenues of $136.9 billion, EBITDA of $6.58 billion, and net income of which is are major thoroughfares in the surrounding retail and office corridors. $3.98 billion as of August 31, 2019. Walgreens provides consumer goods Six Mile Road intersects with Interstate–275 (Traffic Count: 139,200 VPD) just and services in addition to pharmacy and health and wellness services one block west of the site. through drugstores, by mail, by telephone and online. Dominant Retail and Commercial Corridor Qdoba Mexican Eats is a chain of fast casual restaurants that has served Mexican–style cuisine since 1995. Qdoba was founded in Denver, Located across from the 506,685–square–foot Laurel Park Place Mall (Anchors: CO and has grown to become one of the most sought–after Mexican Von Maur and Dunham’s Sports), the property is strategically situated within restaurants in the country with more than 700 locations in 48 states. The a well–developed corridor featuring 4.4 MSF of retail, 6.3 MSF of office Qdoba chain is owned by Apollo Global Management – a global private and 3,213 multifamily units within a 3–mile radius. Nearby retailers include equity firm with over $303B in AUM. The tenant under the lease is ZRC The Home Depot, Target, Trader Joes, Kroger, Meijer, Costco, REI, Busch’s Operations Company. Fresh Food Market, BJ’s Wholesale Club, Dick’s Sporting Goods, Barnes & Noble, PetSmart, Five Below, Office Depot, Best Buy, Office Max, Bed Bath & Brunch Cafe is a local sit–down restaurant serving traditional breakfast Beyond, Pier 1 Imports, O’Reilly Auto Parts, Sherwin–Williams, AT&T, GNC, and lunch meals with a contemporary twist. Brunch Cafe has operated at FedEx Office, Chase, Bank of America, Fleming’s Steakhouse and Wine Bar, this site for more than 2.5 years. J Alexander’s, P.F. Chang’s, BurgerFi, Red Robin, Buffalo Wild Wings, Panera Bread, and Chipotle. Proven Performance / Long Term Tenancy

Walgreens: 2018 Store Sales = $2.74m Upscale Demographics Qdoba: Tenant since center opened in 2007 and executed an early 10– year extension in 2012. Walgreens, Qdoba and Brunch Cafe all benefit from dynamic demographics Brunch Cafe: In operation for 2.5+ years and just extended their lease with a population of 65,552 and an average household income of $110,007 for 10 years. within a 3–mile radius.

Entrance to Livonia ±10.3 Years of WALT The property borders a parcel owned by the City of Livonia that serves as a The property has ±10.3 years of WALT remaining which provides long– welcoming centerpiece to the heart of the surrounding corridor. The parcel term cash flow from an investment–grade anchor tenant. Walgreens features a fountain, brick signage, and seasonal flowers which enhances the occupies 75% of the building area and is responsible for 79% of the aesthetic charm of the Newburgh–Six Mile Road intersection and the Property. property’s NOI. The Walgreen’s lease has ±11.7 years remaining with fifty 1–year renewal options. 11 Investment Investment Surrounding Rent Tenant Area Aerials Site Plan Overview Highlights Uses Roll Overview Overview

Investment Highlights

Dynamic Corridor

The immediate corridor features a diverse mix of retail, office, educational, and medical use buildings which keeps the area bustling year–round. The Laurel Park Mall is located directly across the street from the property which includes over 60 restaurants and stores, a movie theatre, and the attached Marriott hotel. Laurel Park Place will add Dunham Sports as an additional anchor to Von Maur in Fall 2019. Additional retail centers in the surrounding area include High Point Shopping Center, Newburgh Plaza, Northville Village Center, Northville Park Place, and Northridge Grove Shopping Center. Several office parks – featuring tenants such as Comerica Bank, Siemens, Masco Corporation, and Hormel Foods – are dispersed around these retail centers which contribute to the liveliness of the corridor. Additionally, the surrounding area is considered a medical hub as the Michigan Department of Health & Human Services and Northville Health Center share a campus on the other side of the Interstate–275 interchange, while several other medical facilities such as the St. Mary Mercy Hospital and Providence Medical Center Livonia operate in the immediate vicinity of the property. Furthermore the property benefits from its proximity to a built–in customer base at Schoolcraft University (Enrollment: 13,000) – a Livonia community college with a full campus just 2.3 miles away.

Detroit MSA Advantage

The Detroit MSA is home to a population of 4.3 million residents across six counties, making it the 2nd largest MSA in the Midwest and 14th largest overall. Best–known as a hub for the nation’s automobile industry, the Detroit area is now home to 17 Fortune 500 companies and a steadily increasing number of manufacturing jobs. It is also home to a number of firms pursuing emerging technology including biotechnology, nanotechnology, information technology and hydrogen fuel cell development.

12 Investment Investment Surrounding Rent Tenant Area Aerial Site Plan Overview Highlights Uses Roll Overview Overview SITE PLAN & SURROUNDING USES

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SECT PARCEL

* CIT PARCEL

ALREENS DRIVE TR

14,490 SF

ALREENS DRIVE TR

2,950 SF 2,950 SF SI MILE RAD: 38,100 VPD SI MILE RAD:

NER RAD: 33,700 VPD

* See pg. 15 for details on City Parcel

14 Investment Investment Surrounding Rent Tenant Area Aerials Site Plan Overview Highlights Uses Roll Overview Overview

City Parcel

The property borders a parcel owned by the City of Livonia that serves as a welcoming centerpiece to the heart of the surrounding corridor. The parcel features a fountain, brick signage, and seasonal flowers which enhances the aesthetic charm of the Newburgh–Six Mile Road intersection and the Property. The owner of the Property is responsible to insure and maintain the City Parcel, but these expenses are included in CAM reimbursements paid to Landlord by Tenants of the three–tenant center. The agreement with the city obligates the owner of this offering to maintain the City Parcel through 2086.

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Surrounding Uses

Laurel Office Park Laurel Park Place 0.9 miles from site Across from site

Newburgh Plaza Multi–Tenant Office Across from site Adjacent to site

I–275 Interchange Red Robin 0.5 miles from site 0.6 miles from site 16 Investment Investment Surrounding Rent Tenant Area Aerial Site Plan Overview Highlights Uses Roll Overview Overview RENT ROLL & LEASE NOTES

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Rent Roll & Lease Notes

Rent/ Lease Lease Rent Tenant SF Minimum Rent SF Commencement Expiration Options Date Amount Lease Notes

• Tenant self–maintains their building (including replacements of the roof structure), carries all insurance, and pays taxes directly. 5/31/2032 • Tenant reimburses for its pro–rata share 14,490 $410,000 28.30 5/29/2007 Fifty 1–Year Options $410,000 ± 11.7 Years of the CAM expenses with the exception Walgreen Co. Remaining of site water. Tenant does pay its pro-rata share of water associated with the fountain parcel.

• Tenant has a 21–day ROFR • Tenant reimburses for its pro–rata share of taxes and insurance. Option 1: 4/30/2023 May 2023 – April 2028 $56,325 • Tenant reimburses for its pro–rata share of the CAM expenses (not including capital 2,450 $51,205 $20.90 4/3/2008 ZRC Operations ± 2.6 Years expenditures), subject to a 2.50% cap on Company, Inc. Remaining Option 2: $61,958 increases over the prior year. May 2028 – April 2033 • Landlord maintains the foundation, exterior walls, and roof. • Tenant reimburses for its pro–rata share of taxes and insurance. $59,290 6/30/2030 (Current - 6/30/2025) • Tenant reimburses for its pro–rata share 2,450 of the CAM expenses subject to a 5.00% $24.20 7/1/2010 ± 9.8 Years Brunch Cafe LLC $65,219 cap on increases over the prior year. Remaining (7/1/2025 - 6/30/2030) • Landlord maintains the foundation, exterior walls, and roof.

TOTAL 19,390 $520,495 $26.84 ±10.3 years WALT

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TENANT OVERVIEW

19 Investment Investment Surrounding Rent Tenant Area Aerials Site Plan Overview Highlights Uses Roll Overview Overview

Tenant Overview

Walgreen Co. (S&P: BBB), a subsidiary of Walgreens Boots Alliance Inc. (NASDAQ: WBA), operates 9,277 drug stores in 50 states, the District of Columbia and Puerto Rico. Domestically, the company also operates approximately 500 worksite health and COMPANY OVERVIEW wellness centers and in-store convenient care clinics. Walgreens Boots Alliance Inc. FY 2019 REVENUE $136.9 Billion (As of 8/31/2019) reported FY 2019 revenues of $136.9 billion, EBITDA of $6.58 billion, and net income of $3.98 billion as of August 31, 2019. Walgreens provides consumer goods and services TOTAL ASSETS $67.6 Billion (As of 8/31/2019) in addition to pharmacy and health and wellness services through drugstores, by mail, NUMBER OF U.S. LOCATIONS 9,277 by telephone and online. In addition to prescription and non-prescription drugs, the company sells household products, convenience and fresh foods, personal care and NUMBER OF EMPLOYEES 440,000 beauty care items, photofinishing and candy products, home medical equipment, contact lenses, vitamins and supplements and other health and wellness solutions. HEADQUARTERS Deerfield, IL Walgreens also provides specialty pharmacy services and operates Take Care Clinics FORTUNE 500 #19 to treat patients, write prescriptions and administer immunizations and other vaccines. Walgreens was founded in 1901 and is based in Deerfield, .

Walgreens Boots Alliance

In 2014, Walgreens formed a global business by purchasing the remaining 55% of Switzerland-based Alliance Boots (Walgreens already owned 45% of Alliance Boots) for $5.3B. Under the terms of the purchase, the two companies merged to form a new holding company, Walgreens Boots Alliance Inc. (NASDAQ: WBA, S&P: BBB), on December 31, 2014. The tenant under the lease is Walgreen Co., which is now a direct subsidiary of Walgreens Boots Alliance Inc.

Rite Aid Transaction

In Spring 2018, Walgreens finalized their purchase of 1,932 stores and 3 distribution centers from Rite Aid for approximately $4.4 billion. Walgreens will spend $750 million to integrate all of the locations by end of the 2020 fiscal year, as well as an additional $500 million on store improvements.

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Tenant Overview

Qdoba Mexican Eats is a chain of fast casual restaurants that has served Mexican– style cuisine since 1995. Qdoba was founded in Denver, CO and has grown to become one of the most sought–after Mexican restaurants in the country with more than 700 locations in 48 states. Qdoba was previously owned by Jack in the Box until Apollo Global Management acquired the chain for $305m in 2018 which ended the burger chain’s 15–year ownership of the Mexican themed chain. Apollo Global Management is a leading private equity firm with over $303B in AUM across private equity, credit, and real estate investment vehicles, as of July 2019. The tenant under the lease is ZRC Operations Company.

Brunch Cafe is a local sit–down restaurant serving traditional breakfast and lunch meals with a contemporary twist. Brunch Cafe’s well–trained staff aims to provide its patrons with a dining experience focused on presentation and service. Experienced chefs create entrees with careful preparation and turn ordinary dishes into fan favorites such as the Country Skillet, Limoncello Crepes, and Red Velvet Waffles. Brunch Cafe has operated at this site for more than 2.5 years.

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AREA OVERVIEW

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Area Overview LIVONIA, MICHIGAN

With a small–town sense of community and big–city conveniences, Livonia is Michigan’s ninth largest city with a population of 96,942. The city of Livonia has a total area of 36–square–miles and is a part of . Livonia is located approximately 15 miles northwest of downtown Detroit, and less than two miles from the western city limits of Detroit. Livonia is a large suburb, with one of the lowest tax rates in Wayne County and strong emphasis on public safety. It is centrally located with easy freeway access to much of the metropolitan Detroit area. Livonia offers an array of traditional neighborhoods, great schools, public services, and a large, vibrant community.

Livonia is a carefully planned community of residential, industrial, commercial and civic development. Livonia’s superior education system features two public school systems, several parochial schools, seven institutions of higher education, and three public libraries, all of which contribute to the skilled workforce that operates over 4,000 local businesses in the city. The major local employers include Ford Motor Company, United Parcel Services (UPS), Roush Enterprises, NYX Inc., Phillips Service Industries, Inc., McLaren Performance Technologies, and St. Mary Mercy Hospital.

Even with its large population, Livonia has successfully maintained its friendly, hometown atmosphere while placing a strong emphasis on public safety and public services. These characteristics have gained Livonia recognition in recent years and contribute to the city’s rise in popularity as one of Detroit‘s premier suburbs. Livonia was recognized by the FBI as the Second Safest City in Michigan (populations over 75,000). It has been named as the Second Best Kid Friendly Place in the Nation; the Second Least Economically Stressful City; the 10th Happiest Mid-Sized City in the Country (2016); the 40th Family Friendliest City in the Nation (2015); one of Michigan’s best places for home ownership and raising a young family; and one of the Top 50 Green Cities in the U.S. by Popular Science in 2008. 23 Investment Investment Surrounding Rent Tenant Area Aerials Site Plan Overview Highlights Uses Roll Overview Overview

Area Overview DETROIT MSA

The Detroit MSA is home to a population of 4.3 million residents across six EDUCATION counties, making it the 2nd largest MSA in the Midwest and 14th largest overall. The Detroit metro area is home to over 40 college and university campuses. Michigan’s Best–known as a hub for the nation’s automobile industry, the Detroit area is three largest public universities – Wayne State University, the University of Michigan, now home to 17 Fortune 500 companies and a steadily increasing number and Michigan State University – spend over $2 billion annually on research and of manufacturing jobs. It is also home to a number of firms pursuing emerging development, generating $15.5 billion in economic impact. This academic base technology including biotechnology, nanotechnology, information technology provides Detroit a large supply of educated workers and positions it for growth in and hydrogen fuel cell development. many fields.

LEISURE

Detroit exudes a lifestyle that offers everything from urban excitement to scenic suburban landscapes. With four seasons, thousands of nearby lakes, and one of the country’s longest freshwater coastlines, Detroit offers amply opportunity to enjoy many recreational activities. Home to four professional sports teams, Detroit is the only city in the country where all four of its pro teams are located within the actual city. Detroit’s teams include the Red Wings, Tigers, Lions, and Pistons. Detroit also hosts IndyCar’s Chevrolet Detroit Belle Isle Grad Prix which attracts thousands of race fans to Detroit annually, generating more than $45 million in revenue for the local economy.

ARTS & CULTURE

The Detroit region is an established and growing center for arts and culture, making it a popular destination for tourists and residents alike. The area is home to more than 30 art museums, most notably the Detroit Institute of Arts, the sixth–largest fine arts museum in the United States. With more than 40 theatres, the Detroit region is second only to City for theater seats east of the River. Detroit is home to the beautifully restored Fox Theatre and Max M. Fisher Music Center where the world–renowned Detroit Symphony Orchestra plays. The region is also home to the largest collection of African–American art and artifacts in the world which are housed at the Charles H. Wright Museum of African American History. 24 Investment Investment Surrounding Rent Tenant Area Aerials Site Plan Overview Highlights Uses Roll Overview Overview

Area Overview MICHIGAN BUSINESS CLIMATE

Michigan’s business climate is stronger than ever. Nearly two thirds of Michigan businesses surveyed described the state as having a positive business climate and would promote Michigan for a place of business. Michigan eliminated personal property tax in 2014, which significantly reduces the cost for companies that expensive capital investments in property and equipment. This is estimated to save businesses $500 million annually through the elimination of industrial personal property tax. Additionally, Michigan is consistently ranked among the top 10 states for major new and expanding facilities.

NEARLY TWO–THIRDS OF MICHIGAN BUSINESSES SURVEYED DESCRIBE THE STATE AS HAVING A POSITIVE BUSINESS CLIMATE – ForeSee

MICHIGAN IS RANKED AS A TOP 10 PRO–BUSINESS STATE – AEDI Pro–Business 50 State Rankings

MICHIGAN RANKSAS A TOP 10 STATE FOR MAJOR NEW AND EXPANDED CORPORATE FACILITIES – Site Selection

MICHIGAN HAS AN EFFICIENT AND FAIR CORPORATE TAX RATE THAT WILL SAVE SMALL BUSINESSES $372 MILLION BY 2020 – Anderson Economic Group

$500 MILLION IN ANNUAL BUSINESS SAVINGS THROUGH THE ELIMINATATION OF INDUSTRIAL PERSONAL PROPERTY TAX – Michigan Economic Development Corporation

25 Affiliated Business Disclosure & Confidentiality Agreement CBRE, Inc. operates within a global family of companies with relating to the general economy, market conditions, competition treat it in the strictest confidence and that you will not disclose this many subsidiaries and/or related entities (each an “Affiliate”) and other factors beyond the control of the Owner and CBRE, Memorandum or any of its contents to any other entity without the engaging in a broad range of commercial real estate businesses Inc. Therefore, all projections, assumptions and other information prior written authorization of the Owner or CBRE, Inc. You also including, but not limited to, brokerage services, property and provided and made herein are subject to material variation. All agree that you will not use this Memorandum or any of its contents facilities management, valuation, investment fund management references to acreages, square footages, and other measurements in any manner detrimental to the interest of the Owner or CBRE, Inc. and development. At times different Affiliates may represent various are approximations. Additional information and an opportunity If after reviewing this Memorandum, you have no further interest clients with competing interests in the same transaction. For example, to inspect the Property will be made available to interested and in purchasing the Property, kindly return this Memorandum to this Memorandum may be received by our Affiliates, including qualified prospective purchasers. In this Memorandum, certain CBRE, Inc. CBRE Investors, Inc. or Trammell Crow Company. Those, or other, documents, including leases and other materials, are described in Affiliates may express an interest in the property described in this summary form. These summaries do not purport to be complete nor DISCLAIMER Memorandum (the “Property”) may submit an offer to purchase the necessarily accurate descriptions of the full agreements referenced. © 2020 CBRE, Inc. The information contained in this document Property and may be the successful bidder for the Property. You Interested parties are expected to review all such summaries and has been obtained from sources believed reliable. While CBRE, hereby acknowledge that possibility and agree that neither CBRE, other documents of whatever nature independently and not rely on Inc. does not doubt its accuracy, CBRE, Inc. has not verified it Inc. nor any involved Affiliate will have any obligation to disclose the contents of this Memorandum in any manner. and makes no guarantee, warranty or representation about it. It to you the involvement of any Affiliate in the sale or purchase of the Neither the Owner or CBRE, Inc, nor any of their respective directors, is your responsibility to independently confirm its accuracy and Property. In all instances, however, CBRE, Inc. will act in the best officers, Affiliates or representatives make any representation or completeness. Any projections, opinions, assumptions or estimates interest of the client(s) it represents in the transaction described in this warranty, expressed or implied, as to the accuracy or completeness used are for example only and do not represent the current or Memorandum and will not act in concert with or otherwise conduct of this Memorandum or any of its contents, and no legal future performance of the property. The value of this transaction to its business in a way that benefits any Affiliate to the detriment of commitment or obligation shall arise by reason of your receipt of you depends on tax and other factors which should be evaluated any other offeror or prospective offeror, but rather will conduct its this Memorandum or use of its contents; and you are to rely solely by your tax, financial and legal advisors. You and your advisors business in a manner consistent with the law and any fiduciary on your investigations and inspections of the Property in evaluating should conduct a careful, independent investigation of the property duties owed to the client(s) it represents in the transaction described a possible purchase of the real property. to determine to your satisfaction the suitability of the property for in this Memorandum. your needs. The Owner expressly reserved the right, at its sole discretion, to CONFIDENTIALITY AGREEMENT reject any or all expressions of interest or offers to purchase the Photos herein are the property of their respective owners and use This is a confidential Memorandum intended solely for your limited Property, and/or to terminate discussions with any entity at any of these images without the express written consent of the owner use and benefit in determining whether you desire to express further time with or without notice which may arise as a result of review of is prohibited. interest in the acquisition of the Property. this Memorandum. The Owner shall have no legal commitment or CBRE and the CBRE logo are service marks of CBRE, Inc. and/or obligation to any entity reviewing this Memorandum or making an This Memorandum contains selected information pertaining to the its affiliated or related companies in the United States and other offer to purchase the Property unless and until written agreement(s) Property and does not purport to be a representation of the state of countries. All other marks displayed on this document are the for the purchase of the Property have been fully executed, delivered affairs of the Property or the owner of the Property (the “Owner”), property of their respective owners. to be all-inclusive or to contain all or part of the information which and approved by the Owner and any conditions to the Owner’s prospective investors may require to evaluate a purchase of real obligations therein have been satisfied or waived. property. All financial projections and information are provided for By receipt of this Memorandum, you agree that this Memorandum general reference purposes only and are based on assumptions and its contents are of a confidential nature, that you will hold and

26 Investment Investment Surrounding Rent Tenant Area Aerial Site Plan Overview Highlights Uses Roll Overview Overview

CONTACTS Chris Bosworth Will Pike Vice Chairman Vice Chairman T +1 404 923 1486 T +1 404 923 1381 [email protected] [email protected]

Brian Pfohl Matt Mountjoy Senior Vice President Capital Markets Manager T +1 404 504 7893 T +1 404 504 5939 [email protected] [email protected]

Cyrus Felfeli Thomas Carr Capital Markets Analyst Capital Markets Analyst T +1 404 812 5065 T +1 404 812 5101 [email protected] [email protected] Anne Rahm CBRE | MI Licensee [email protected]

www.cbre.com/nlpgatlanta 27