Chipotle Mexican Grill and Panera Bread 777 South Federal Highway | Deerfield Beach, FL 33441

Subject Property

Brand New Construction Two-Tenant Retail Strip Center | Brand New 10 Year Lease | Rare, Fort Lauderdale Metro Acquisition Opportunity | 10% Rental Escalations Every 5 Years | Directly on N Federal Highway (39,682 VPD) | NNN Leases Confidentiality and Restricted Use Agreement Offered Exclusively by

This Confidential Offering Memorandum (“COM”) is provided by Stan Johnson Company (“SJC”), solely for your Brad Feller consideration of the opportunity to acquire the commercial property described herein (the “Property”). This COM Senior Director may be used only as stated herein and shall not be used for any other purpose, or in any other manner, without [email protected] prior written authorization and consent of SJC. P: +1 312.240.0194

This COM does not constitute or pertain to an offer of a security or an offer of any investment contract. This Isaiah Harf COM contains descriptive materials, financial information and other data compiled by SJC for the convenience Director of parties who may be interested in the Property. Such information is not all inclusive and is not represented to [email protected] include all information that may be material to an evaluation of the acquisition opportunity presented. SJC has P: +1 312.777.2437 not independently verified any of the information contained herein and makes no representations or warranties of any kind concerning the accuracy or completeness thereof. All summaries and discussions of documentation Blaise Bennett and/or financial information contained herein are qualified in their entirety by reference to the actual documents Associate and/or financial statements, which upon request may be made available. An interested party must conduct its [email protected] own independent investigation and verification of any information the party deems material to consideration of P: +1 312.777.2449 the opportunity, or otherwise appropriate, without reliance upon SJC.

The Property may be financed or withdrawn from the market without notice, and its owner(s) reserve(s) the right Brandon Duff to negotiate with any number of interested parties at any time. The Property is offered and sold by its owner(s) Regional Director as is, where is, and with all faults, without representation or warranty of any kind except for any customary warranties of title. In Association With: BY ACCEPTING THIS COM, YOU AGREE THAT: (1) all information contained herein, and all other information you Jason Long have received or may hereafter receive from SJC relating to the Property, whether oral, written or in any other FL Lic # BK3302956 form (collectively, the “Information”), is strictly confidential; (2) you will not copy or reproduce, and claim as your own without attribution to SJC, all or any part of this COM or the Information; (3) upon request by SJC at any time, you will return and/or certify your complete destruction of all copies of this COM and the Information; (4) for yourself and all your affiliates, officers, employees, representatives, agents and principals, you hereby release and agree to indemnify and hold harmless SJC all of its affiliates, officers, employees, representatives, agents and principals, from and with respect to any and all claims and liabilities arising from or related to the receipt or Stan Johnson Company use of this COM and/or any other Information concerning the Property; (5) you will not provide this COM or any 303 East Wacker Drive | Suite 1111 of the Information to any other party unless you first obtain such party’s acceptance and approval of all terms, Chicago, IL 60601 conditions, limitations and agreements set forth herein, as being applicable to such party as well as to you; and P: +1 312.240.0127 | F: +1 312.240.0158 (6) monetary damages alone will not be an adequate remedy for a violation of these terms and that SJC shall be stanjohnsonco.com entitled to equitable relief, including, but not limited to, injunctive relief and specific performance, in connection with such a violation and shall not be required to post a bond when obtaining such relief. Table of Contents

Section 1 - Executive Summary

The Offering...... 5

Investment Highlights...... 6

Pricing and Property Overview...... 7

Rent Roll...... 8

Pro Forma Income Statement...... 9

10 Year Leveraged Cash Flow...... 10

Section 2 - Tenant Information

Chipotle Lease Abstract & Rent Schedule...... 12

Chipotle Tenant Overview...... 13

Panera Lease Abstract & Rent Schedule...... 14

Panera Tenant Overview...... 15

Section 3 - Location Information

Location Overview...... 17

Site Plan...... 18

Strip Map...... 19

Subject Property Photos...... 20

Surrounding Retail...... 21

Demographics...... 22 Section One About the Investment

Subject Property The Offering

Stan Johnson Company is pleased to exclusively offer for sale to qualified investors, the opportunity to purchase a 100% fee-simple interest in the two-tenant retail center located at 777 South Federal Highway in Deerfield Beach, FL (the “Property”). The Property is 100% leased by co- tenants, Chipotle Mexican Grill and Panera Bread, and is located within the heart of the Deerfield Beach retail trade area. This retail trade area is the home of numerous national credit retailers including ALDI, Target, Winn-Dixie, Office Depot, Starbucks, Bealls Department Store, Walmart Supercenter, CVS Pharmacy, LA Fitness, Publix, among many others. The Property was built in 2014 and is located on South Federal Highway (39,682 VPD). It is an attractive, well maintained property with clear visibility and ease of access. The total rentable SF is 6,300 SF, and the Property is 1.25 acres. Chipotle occupies 2,200 SF, while Panera occupies 4,100 SF on a brand new 10 year lease which commenced in July 2014 and August 2014, respectively. The Property has a stabilized NOI of $230,984. Chipotle Mexican Grill and Panera Bread both currently operate under NNN leases with the Tenants responsible for their pro rata shares of taxes, insurance and CAM. Subject to reimbursement by Tenant, the Landlord is responsible for exterior and structural components of the building, roof and parking NE lot (please see lease abstracts for full expense details for both Chipotle and Panera Bread). Subject Property

Section 1 • Chipotle & Panera Bread • Deerfield Beach, FL 5 Investment Highlights

Excellent Tenant Base Panera Bread and Chipotle Mexican Grill represent two highly desirable retail tenants with more than a combined 2,900 locations across the country. Chipotle boasts a market cap of $15.03 billion, and as of September 30, 2015, revenue of $4.57 billion. Panera boasts a market cap of $5.22 billion, and as of September 30, 2015, revenue of $2.66 billion Leading Franchisee Panera Bread is operated by Covelli Enterprises, the single largest franchisee of Panera Bread (266 locations) and O’Charley’s restaurants and the 4th largest franchisee in the nation Brand New Construction Two-Tenant Retail Strip Center The Property was built in 2014 representing significant commitment to location’s retail strength and projected future success. It is an attractive, well maintained property with clear visibility and ease of access 8 Years Base Lease Term Remaining Chipotle and Panera Bread are both operating under 10 year base lease terms, followed by four, 5-year renewal option periods Rental Escalations Leases feature 10% rental increases every five years through the base terms and at the beginning of each renewal option period Highly Visible, Easily Accessible Location The Property is located less than six miles south of the affluent city of Boca Raton and less than 14 miles north of Fort Lauderdale, directly on N Federal Highway and less than a mile from Interstate-95 with combined traffic count of 244,000 VPD Premier Demographics Property benefits from population in excess of 204,437 and average household income of $74,111 within a 5-mile radius NNN Lease Structure Property offers investors a truly passive investment with no landlord responsibilities, aside from capital expenses for exterior and structural portions of Premises, inclusive of roof and parking which are subject to reimbursement by Tenant Excellent Retail Market Fundamentals The Property is situated within the Broward County submarket, a densely populated segment of the Miami-Fort Lauderdale-West Palm Beach MSA retail market with a vacancy rate of 3.1% on approximately 38.7 million square feet of general retail

Subject Property Photos

Section 1 • Chipotle & Panera Bread • Deerfield Beach, FL 6 Pricing Overview

Chipotle & Panera Bread | Deerfield Beach, FL

Offering Price: $5,132,978 Offering Cap Rate: 4.50% Net Operating Income: $230,984 Tenants: Chipotle Mexican Grill & Panera Bread Chipotle: 34.92% Pro Rata Shares: Panera Bread: 65.08% Ownership Interest: Fee Simple Encumbrances: None, Delivered Free & Clear

Property Overview

777 South Federal Highway | Deerfield Beach, FL 33441

Property Description: 2-Tenant Retail Property Year Built: 2014 Lot Size (Acres): 1.25 Acres Total Building Size (SF): 6,300 SF Other Features: Outdoor seating area and Drive-Thru Panera Parking: +/- 35 spaces N Property ID: Broward County: 48-43-06-00-1010

Section 1 • Chipotle & Panera Bread • Deerfield Beach, FL 7 Rent Roll

Lease Term Rent 2016 Annual Expense Reimbursements

% Tenant SF Utilities CAM Admin Fee* Taxes Insurance Total Share Begins Ends Annual Monthly PSF Total PSF Total PSF Total PSF Total PSF Total PSF Total PSF

2,200 34.92% 7/20/2014 7/31/2019 $96,800.00 $8,066.67 $44.00 $3,248 $1.48 $10,675 $4.85 - - $17,460 $7.94 $5,670 $2.58 $37,053 $16.84

8/1/2019 7/31/2024 $106,480.00 $8,873.33 $48.40

Option 1 8/1/2024 7/31/2029 $117,128.00 $9,760.67 $53.24

Option 2 8/1/2029 7/31/2034 $128,832.00 $10,736.00 $58.56

Option 3 8/1/2034 7/31/2039 $141,724.00 $11,810.33 $64.42

Option 4 8/1/2039 7/31/2044 $155,892.00 $12,991.00 $70.86

4,100 65.08% 8/14/2014 8/31/2019 $131,200.00 $10,933.33 $32.00 $6,052 $1.48 $19,895 $4.85 $2,984 $0.73 $32,540 $7.94 $10,566 $2.58 $72,037 $17.57

9/1/2019 8/31/2024 $146,944.00 $12,245.33 $35.84

Option 1 9/1/2024 8/31/2029 $161,622.00 $13,468.50 $39.42

Option 2 9/1/2029 8/31/2034 $177,817.00 $14,818.08 $43.37 15% Of Total CAM

Option 3 9/1/2034 8/31/2039 $195,570.00 $16,297.50 $47.70

Option 4 9/1/2039 8/31/2044 $215,127.00 $17,927.25 $52.47

Total 6,300 100% Total Current Rent $228,000.00 $19,000 $36.19 $9,300 $1.48 $30,570 $4.85 $2,984 $0.47 $50,000 $7.94 $16,236 $2.58 $109,090 $17.32

Section 1 • Chipotle & Panera Bread • Deerfield Beach, FL 8 Pro Forma NOI Underwriting

Source Pro Rata Share 2016 Base Rent Income Chipotle Base Rent $96,800 Panera Bread Base Rent $131,200 Total Base Rent $228,000 Utilities Reimbursement Chipotle Utilities $3,248 Panera Bread Utilities $6,052 CAM Reimbursement Chipotle CAM $10,675 Panera Bread CAM $19,895 Administrative Fee* Additional Chipotle Admin Fee - Income Panera Bread Admin 15% of CAM $2,984 Fee Taxes Reimbursement Chipotle Taxes $17,460 Panera Bread Taxes $32,540 Insurance Reimbursement Chipotle Insurance $5,670 Panera Bread Insurance $10,566 Total Additional Income $109,090 Effective Gross Income $337,090 Recoverable Expenses Utilities ($9,300) Operating CAM ($30,570) Expenses** Taxes ($50,000) Insurance ($16,236) Total Recoverable Expenses ($106,106) NOI $230,984

*Admin Fee is equal to 15% of Panera’s proportionate share of CAM **Expenses based on annualized 2016 Budget Subject Property Photos

Section 1 • Chipotle & Panera Bread • Deerfield Beach, FL 9 Income Statement

Investment Year 0 1 2 3 4 5 6 7 8 9 10 Rent Bump Rent Bump 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Property Valuation $5,818,243 $6,689,963 Base Rent Chipotle Base Rent $96,800 $96,800 $96,800 $100,833 $106,480 $106,480 $106,480 $106,480 $110,917 $117,128 Panera Bread Base Rent $131,200 $131,200 $131,200 $136,448 $146,944 $146,944 $146,944 $146,944 $151,837 $161,622 Total Base Rent $228,000 $228,000 $228,000 $237,281 $253,424 $253,424 $253,424 $253,424 $262,753 $278,750 Annual Growth Rate

Expense Reimbursement Income 2.00% $109,090 $111,272 $113,497 $115,767 $118,083 $120,444 $122,853 $125,310 $127,817 $130,373

Total Income $337,090 $339,272 $341,497 $353,049 $371,507 $373,868 $376,277 $378,734 $390,570 $409,123 Annual Growth Rate Total Operating Expenses 2.00% $106,106 $108,228 $110,393 $112,601 $114,853 $117,150 $119,493 $121,882 $124,320 $126,806 NOI $230,984 $231,044 $231,105 $240,448 $256,654 $256,719 $256,785 $256,852 $266,250 $282,316

Section 1 • Chipotle & Panera Bread • Deerfield Beach, FL 10 Section Two Tenant Information

Subject Property Lease Abstract

Tenant: Chipotle Mexican Grill

Lease Guarantor: Chipotle Mexican Grill, Inc.,

Address: 777 S Federal Highway, Deerfield Beach, FL

Building Size (SF): 2,200

Lot Size (Acres): 1.25 Acres

Pro Rata Share: 34.92%

Year Built: 2014

Lease/Rent Commencement: 7/20/2014

Lease/Rent Expiration: 7/31/2024

Base Lease Term: 10 years

Base Lease Term Remaining: 8 years Subject Property Annual Base Rent: $96,800 Rent Schedule Annual Base Rent PSF: $44.00

Monthly Rent Rental Increases: 10% increases every 5 years Years Dates Annual Rent Increase Rent PSF

Renewal Options: 4, 5-Year renewal options 1-5 7/20/2014 - 7/31/2019 $96,800 $8,066.67 $44.00 -

Renewal Notice: 12 Months 6-10 8/1/2019 - 7/31/2024 $106,480 $8,873.33 $48.40 10.0% Renewal Option Increases: 10% at the beginning of each option 11-15 8/1/2024 - 7/31/2029 $117,128 $9,760.67 $53.24 10.0% Lease Type: Shopping Center NNN (Option 1)

Roof, Structure, Parking Lot - Reimbursed by 16-20 Landlord Responsibilities: 8/1/2029 - 7/31/2034 $128,832 $10,736.00 $58.56 10.0% Tenant (Option 2) LL can terminate lease if Tenant goes dark for 21-25 Go Dark Clause: 8/1/2034 - 7/31/2039 $141,724 $11,810.33 $64.42 10.0% more than 90 days (see leases for more details) (Option 3)

ROFR: None 26-30 8/1/2039 - 7/31/2044 $155,892 $12,991.00 $70.86 10.0% (Option 4)

Section 2 • Chipotle & Panera Bread • Deerfield Beach, FL 12 Tenant Overview

Chipotle Mexican Grill, Inc. YouGov. The fast-casual sector is growing more (Chipotle) develops and quickly than any other part of the restaurant operates fast-casual, fresh industry – fast-casual chains increased annual Mexican food restaurants in sales by 12.8 percent in 2014, continuing a the United States, Canada, decade-long trend. the United Kingdom, and France. As of October 5, 2015, the company operated 1,850 Chipotle Mexican Grill, Inc. is a public corporation restaurants, including 17 Chipotle restaurants and is traded on the New York Stock Exchange outside the U.S. and 11 ShopHouse Southeast (NYSE: CMG). As of September 30, 2015, the Asian Kitchen restaurants. All of Chipotle’s company reported revenue of $4.57 billion, net restaurants are company-owned, rather than income of $528.96 million, and a net worth of franchised. While the number of stores and more than $2.40 billion. customers has grown, the Chipotle menu has stayed simple with a few items; the idea being “a few things, thousands of ways.”

The company was founded in 1993 by Steve Thanks to a confluence of factors Ellis and is based in Denver, Colorado. Chipotle – such as the Food Network, the is known for its large burritos, assembly line Internet, millennials and celebrity production, and use of natural ingredients. The chefs – consumers have become company has released a mission statement more sophisticated about the food called Food with Integrity, which highlights its they’re eating. “Much of our marketing efforts in using organic ingredients and serves is aimed at making consumers more curious about where their more naturally raised meat than any other food comes from and how it is restaurant chain. prepared,” Chipotle’s Chief Marketing In 2015, Fortune named Chipotle one of the Officer Mark Crumpacker said. “By making complex issues about food World’s Most Admired Companies and one production more understandable – of the World’s Most Innovative Companies. even entertaining – we are reaching FastCasual.com also named Chipotle #11 in the people who have not typically been Top 75 Movers and Shakers, citing incredible tuned into these types of issues.” same-store sales, double-digit growth, and (FastCasual.com) customer loyalty. The brand repeatedly is voted a consumer favorite in a variety of polls and has the highest millennial customer loyalty, according to new research from

Section 2 • Chipotle & Panera Bread • Deerfield Beach, FL 13 Lease Abstract

Tenant: Covelli Enterprises d/b/a: Panera Bread

Address: 779 S Federal Highway, Deerfield Beach, FL

Building Size (SF): 4,100

Lot Size (Acres): 1.25 Acres

Pro Rata Share: 65.08%

Year Built: 2014

Lease/Rent Commencement: 8/14/2014

Lease/Rent Expiration: 8/31/2024

Base Lease Term: 10 years Subject Property Base Lease Term Remaining: 8 years Rent Schedule Annual Base Rent: $131,200 Annual Base Rent PSF: $32.00 Annual Monthly Rent Years Dates Increase Rent Rent PSF Rental Increases: 12% increases every 5 years in base term

Renewal Options: 4, 5-Year renewal options 1-5 8/14/2014 - 8/31/2019 $131,200 $10,933.33 $32.00 -

Renewal Notice: 12 Months 6-10 9/1/2019 - 8/31/2024 $146,944 $12,245.33 $35.84 12.0% Renewal Option Increases: 10% at the beginning of each option 11-15 9/1/2024 - 8/31/2029 $161,622 $13,468.50 $39.42 10.0% (Option 1) Lease Type: Shopping Center NNN 16-20 9/1/2029 - 8/31/2034 $177,817 $14,818.08 $43.37 10.0% Landlord Responsibilities: Roof, Structure, Parking Lot - Reimbursed by Tenant (Option 2) 21-25 Gross Sales shall be reported by Tenant no later than 9/1/2034 - 8/31/2039 $195,570 $16,297.50 $47.70 10.0% Financial/Sales Reporting: (Option 3) the tenth (1Oth) day after the end of each month 26-30 ROFR: None 9/1/2039 - 8/31/2044 $215,127 $17,927.25 $52.47 10.0% (Option 4)

Section 2 • Chipotle & Panera Bread • Deerfield Beach, FL 14 Tenant Overview

Panera Bread Company Panera Bread is headquartered in St. Louis, (NASDAQ: PNRA) owns, operates Missouri and as of March 31, 2015, the company and franchises retail bakery-cafes operated over 1,900 bakery-cafes throughout in the United States and Canada. the United States and Canada. As of September Panera operates through three 30, 2015, Panera had $2.66 billion in revenue, segments: Bakery-Café Operations, Franchise $154.6 million in net income and a net worth of Operations, and Fresh Dough and Other $573 million. Product Operations. Panera runs its bakery- cafes under the Panera Bread, Saint Louis Bread Co, and Paradise Bakery & Café names. Each of these offers fresh baked goods, made-to-order sandwiches, soups, salads, pasta dishes, custom Leading Franchisee: Panera Bread is operated by Covelli Enterprises, roasted coffees and other complementary the single largest franchisee of products through on-premise sales, as well as Panera Bread (266 locations) and providing catering services. O’Charley’s restaurants and the 4th largest franchisee in the nation. Panera Bread has been the recipient of many awards over the years, from Fortune’s 100 Fastest-Growing Companies to Zagat to Business Week to Sandleman & Associates’ Awards of Excellence. The most recent awards have been Fast Company magazine’s # l Most Innovative Companies of 2015 in Food for overhauling the QSR experience with tech and service and #27 Most Innovative Company 2015 for using tech to improve everything - including the food. They are in the crowded quick service category which has recently found digital religion, with Panera leading them all with their Panera 2.0, which includes innovations in their tech, cafe layout, and even staffing bringing farreaching revisions to how customers dine in and out, how food is prepared and how it’s delivered.

Section 2 • Chipotle & Panera Bread • Deerfield Beach, FL 15 Section Three Location Overview

Subject Property Location Overview

The City of Deerfield Beach is a thriving community in Broward County, Florida, located just south of the Palm Beach County line. Deerfield Beach is a four-time winner of the National Blue- Wave Award designation from the Clean Beach Council, based on its excellent water quality, beach conditions, safety services, public information and habitat conservation policies. Situated approximately 17 miles north of downtown Fort Lauderdale and 6 miles south of the affluent city of Boca Raton, Deerfield Beach offers direct access to I-95, the Florida Turnpike, the Sawgrass Deerfield Beach, FL Expressway as well as a Tri-Rail station and two freight railroads. The city is also approximately 15 minutes from Fort Lauderdale/Hollywood International Airport; 30 minutes from the Palm Beach International Airport and 20 minutes from Port Everglades.

Deerfield Beach is home to nationally-recognized corporations and quality redevelopment initiatives. Companies headquartered in Deerfield Beach include JM Family Enterprises, Don King Productions, eDiets.com, Health Communications, List Industries, Moving Waters Industries and MAPEI-Western Hemisphere. Major distribution centers for Publix, Rooms-to-Go, Double- Eagle, National Brands and UPS are also located within the city’s limits.

Deerfield Beach boasts of a burgeoning research corridor along I-95 with the presence of the University of Miami Sylvester Comprehensive Cancer Center and the Florida Atlantic Research & Development Park. Deerfield Beach’s Community Redevelopment Agency, located in the eastern end of the City, has fostered approximately $200 million in new private sector investment as well as implemented over $10 million in public infrastructure improvements over the last 6 years.

The City of Deerfield Beach provides economic development and redevelopment services in Ocean Way, Deerfield Beach, FL English, Spanish and Portuguese through its Office of Economic Development. Programs include utility tax elimination, commercial façade funding, small business counseling and financing referrals and participation with most county/state financial incentive initiatives.

Boca Raton is a city in Palm Beach County, Florida, incorporated in May 1925. In the 2010 census, the city had a total population of 84,392; the 2012 population estimated by the U.S. Census Bureau was 87,836. However, the majority of people with a Boca Raton postal address—about 200,000—do not actually reside within Boca Raton’s municipal boundaries. As a business center, the city’s daytime population increases significantly.

In terms of both population and land area, Boca Raton is the largest city between West Palm Beach and Pompano Beach in Broward County.

Mizner Park, Boca Raton

Section 3 • Chipotle & Panera Bread • Deerfield Beach, FL 17 Site Plan

S. FEDERAL HIGHWAY (39,682 VPD) W

Jones Lang LaSalle LOCATION OVERVIEW LOCATION 4

Section 3 • Chipotle & Panera Bread • Deerfield Beach, FL 18 DEERFIELD BEACH SE 15 DEERFIELD BEACH AQUATIC CENTER SE 13 MIDDLE SCHOOL TH TH AVE AVE

S OCEAN DRIVE

SE 7TH STREET

S DIXIE HWY (17, 856 VPD)

SE 10TH STREET (19, 157 VPD) AVE TH

S Federal Hwy (39,682 VPD) SE 6 ATLANTIC OCEAN

GULF STREAM

HILLSBORO MILE

NE 54TH STREET N

Section 3 • Chipotle & Panera Bread • Deerfield Beach, FL 19 Surrounding Retail

Section 3 • Chipotle & Panera Bread • Deerfield Beach, FL 20 Subject Property Photos

Section 3 • Chipotle & Panera Bread • Deerfield Beach, FL 21 Demographics

777 S Federal Hwy | Deerfield Beach, FL 0 - 1 mi. 0 - 3 mi. 0 - 5 mi.

Population

2015 Population 16,670 99,336 204,437

2020 Population 17,432 103,405 212,461

2000-2010 Annual Rate -0.15% -0.12% 0.04%

2010-2015 Annual Rate 0.28% 0.26% 0.30%

Households

2015 Total Households 7,718 44,367 91,015

2020 Total Households 8,055 46,126 94,503

2010-2015 Annual Rate 0.27% 0.21% 0.24%

2015-2020 Annual Rate 0.86% 0.78% 0.75%

Race and Ethnicity

2015 White Alone 76.0% 70.0% 71.6%

2015 Black Alone 14.4% 21.3% 19.5%

2015 American Indian/Alaska Native Alone 0.3% 0.2% 0.2%

2015 Asian Alone 1.5% 1.5% 1.9%

2015 Pacific Islander Alone 0.0% 0.0% 0.0%

2015 Other Race 4.6% 4.1% 4.0%

2015 Two or More Races 3.3% 2.8% 2.7%

2015 Hispanic Origin (Any Race) 15.1% 16.2% 17.1% N

2015 Average Household Income $63,908 $76,675 $74,111

Section 3 • Chipotle & Panera Bread • Deerfield Beach, FL 22 Offered Exclusively by

Brad Feller Senior Director [email protected] +1 312.240.0194 going beyond

Isaiah Harf Director [email protected] +1 312.777.2437

Blaise Bennett Associate [email protected] +1 312.777.2449

Brandon Duff Regional Director

In association with: Jason Long FL Lic #BK3302956

Stan Johnson Company 303 East Wacker Drive | Suite 1111 Chicago, IL 60601 P: +1 312.240.0127 | F: +1 312.240.0158 stanjohnsonco.com

The information contained herein was obtained from sources believed reliable, however, Stan Johnson Company makes no guaranties, warranties or representations as to the completeness thereof. The presentation of this property for sale, rent or exchange is submitted subject to errors, omissions, change of price or conditions, or withdrawal without notices.