Offering Memorandum Harvest Plaza ,

Medical Marijuana Dispensaries Considered “Essential” During Pandemic

Multi-Tenant Medical and Population Over 480,000 Roof Replaced in May 2020 Part of the Miami Metro Retail Space Within 5 Miles of Property with a 20-Year Warranty with a Population of 2.7M CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap Real Estate Investment Services of Florida, Inc. and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure 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. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap 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.

NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. SUBJECT PROPERTY FINANCIAL OVERVIEW

Multi-Tenant Center • Over 10,000 Square Feet of Multi-Tenant Medical and Retail Space • Anchored by Harvest House of Cannabis With One Small Vacancy • Roof was Replaced in May 2020 with a 20-Year Roof Warranty • Harvest has a New 10-Year Lease with Two Percent Annual Rent Increases • Activa Training Center Recently Extended Their Lease Term for Five Years with Two Percent Annual Rent Increases • Bello Dental has Three Percent Annual Rent Increases Harvest Plaza 9578 Bird Road, Miami, Florida 33165 Anchor Tenant | Harvest Health and Recreation Price: $3,298,900 • Positioned as an Industry Leader in the U.S. Combining a Targeted Growth Strategy Cap Rate: 6.00% • Third Quarter Revenue was $61.6 Million, Up 86 Percent from the Rentable Square Feet: 10,110 Third Quarter 2019 and 11 Percent Sequentially Net Operating Income: $197,934 Price PSF: $326.30 Expenses PSF Land Area: 0.54 AC Year Built: 1965 Real Estate Taxes: $37,509 $3.71 Insurance: $13,479 $1.33 Utilities: $14,940 $1.48 Financial Summary Grounds & Landscaping: $960 $0.09 Annual Rent: $227,520 Security: $1,600 $0.16 Expense Reimbursements: $73,087 Repairs & Maintenance: $23,446 $2.32 Gross Potential Income: $300,607 Property Management: $9,139 $0.90 Total Expenses: $102,673 Other/Non CAM $1,600 $0.16 Net Operating Income $197,934 Total Expenses $102,673 $10.16 RENT ROLL

Square Annual Rent Lease Lease Option Tenant Feet % of GLA Rent PSF Commence Expiration Periods Rent Increases Recoveries Harvest Health and 4, 5-Year 2% Annually in Base 3,100 30.66% $142,290 $45.90 7/4/2019 7/31/2029 $32,527 Recreation Options Term & Options Activa Training Center 1, 5-Year 2% Annually in Base 1,000 9.89% 12/11/2019 2/28/2026 (Ground) Options Term & Options $60,480 $14.84 $28,525 Activa Training Center 1, 5-Year 2% Annually in Base 3,075 30.42% 11/9/2016 2/28/2026 (2nd Floor) Options Term & Options 1, 5-Year 3% Annually in Base Bello Dental 1,100 10.88% $24,750 $22.50 9/26/2019 3/31/2025 $12,035 Option Term & Options Vacant 1,835 18.15%

Totals 10,110 100% $227,520 $73,087

Strong Demographics and Traffic Counts Surrounding Area | Colleges and Other Attractions • Strong Demographics With a Population Over 480,000 Within Five • Two Miles from Kendall Regional Medical Center Miles of Subject Property • Three Miles from Florida International University With an Undergrad • Located on Bird Road/SW 40th Street with a Daily Traffic Count of Enrollment of More Than 41,000 Students Approx. 48,500 Vehicles • Six Miles from the , Which Enrolls Over 17,000 • Conveniently Positioned Between Florida's Turnpike, Two Miles Students in 12 Separate Colleges West with a Daily Traffic Count of Approx 130,000 Vehicles; and • 11 Miles Southwest of Miami International Airport, Florida's Busiest Palmetto Expressway, Two Miles East with 250,000 Vehicles Airport by Total Aircraft Operations and Second Busiest by Passenger Part of the Miami Metro Area Traffic • Miami is the Most Populous City in Miami-Dade County with Slightly • 14 Miles from Downtown Miami, and 19 Miles from Miami Beach More Than 443,000 Residents • Miami Metro Area has a Population of Roughly 2.7 Million People TENANT SUMMARY Harvest Health has Grown to Become One of the Largest Multistate Cannabis Operators in the U.S.

eadquartered in Tempe, Arizona, Harvest Health & Recreation Inc. is a vertically integrated cannabis company and multi- state operator. Since 2011, Harvest has been committed to H Representative Photo expanding its retail and wholesale presence throughout the U.S., acquiring, manufacturing, and selling cannabis products for patients and consumers in addition to providing services to retail dispensaries. Harvest Health & Recreation Inc. Reports  Third Quarter 2020 Financial Results Today, Harvest Health & Recreation proudly serves nine states with many more locations on the horizon. Though Harvest has blossomed into something larger and more influential than Steve ever could’ve imagined, its mission hasn’t wavered; Harvest is here to improve lives through the goodness of cannabis. And with that in mind, the story has really just begun. Harvest’s mission is to improve lives through the goodness of cannabis. 35 9 Retail Cultivation & 1,000+ Locations Processing Locations Employees Representative Photo AERIAL

Population Over 480,000 Within Five Miles of Subject Property

Roof was Replaced in May 2020 with 11,500 a 20-Year Roof Daily

Warranty

SW 97 97 SW SW

th th

Avenue Avenue

Bird Road (SW 40 48,500 Daily th Street) AERIAL 3 Miles from Florida International U. with an Undergrad 165,000 Enrollment of Daily 41,000+ 48,500 Daily Palmetto Expressway Ronald Reagan Turnpike

Bird Road 130,000 Daily

Located Between the Ronald Reagan Harvest Turnpike and Plaza Palmetto Expressway LOCAL & REGIONAL MAPS

Fort Lauderdale  Florida International University 3 Miles  Miami International Miami Airport 11 Miles  Downtown Miami 14 Miles  Miami Beach Florida Keys 19 Miles MARKET OVERVIEW MIAMI-DADE OVERVIEW

Miami-Dade County is a gateway to South American and Caribbean markets and a tourist destination. The 2,400-square-mile county extends from the Florida Everglades east to the Atlantic Ocean. It is bordered to the north by Broward County and to the south by the Florida Keys. The main portion of the city of Miami lies on the shores of Biscayne Bay and is separated from the Atlantic Ocean by barrier islands, the largest of which holds the city of Miami Beach. The metro, with a population of roughly 2.7 million, is located entirely within Miami-Dade County. Miami is the most populous city, with slightly more than 443,000 residents, followed by Hialeah with roughly 237,000 people.

METRO HIGHLIGHTS

BUSINESS-FRIENDLY ENVIRONMENT The metro has no local business or personal income taxes, which attracts businesses and residents to the area.

INTERNATIONAL GATEWAY Miami is a gateway for international trading activities, tourism and immigration, connecting to airports and ports around the world.

MEDICAL COMMUNITY The county contains the largest concentration of medical facilities in Florida, drawing residents needing services throughout the state. MARKET OVERVIEW

ECONOMY ▪ Various industries provide a diverse economy. Trade, international finance, healthcare and entertainment have become major segments in the local business community. ▪ A strong tourism industry has developed with ties to Latin America and the Caribbean. ▪ Tourism and trade depend on a large transportation sector. PortMiami and Miami International Airport are both major contributors to employment and the economy. ▪ The Miami metro gross metropolitan product (GMP) expansion is expected to be on par with the U.S. GDP in 2019 and retail sales for the county are also rising.

MAJOR AREA EMPLOYERS

Baptist Health University of Miami American Airlines Miami Children’s Hospital Publix Supermarkets Winn-Dixie Stores Florida Power & Light Co. Carnival Cruise Lines AT&T * Forecast Mount Sinai Medical Center

SHARE OF 2018 TOTAL EMPLOYMENT

4% 14% 12% 12% 7% MANUFACTURING PROFESSIONAL AND GOVERNMENT LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES BUSINESS SERVICES

25% 5% + 16% 2% 4% TRADE, TRANSPORTATION CONSTRUCTION EDUCATION AND INFORMATION OTHER SERVICES AND UTILITIES HEALTH SERVICES MARKET OVERVIEW

DEMOGRAPHICS

▪ The metro is expected to add nearly 127,000 people over the next five years. During the same period, approximately 62,000 households will be formed, SPORTS generating demand for housing. ▪ The homeownership rate of 53 percent is below the national rate of 64 percent, maintaining a strong rental market. ▪ The cohort of 20- to 34-year-olds composes 21 percent of the population.

2018 Population by Age

6% 17% 6% 28% 27% 16% 0-4 YEARS 5-19 YEARS 20-24 YEARS 25-44 YEARS 45-64 YEARS 65+ YEARS EDUCATION

2018 2018 2018 2018 MEDIAN POPULATION: HOUSEHOLDS: MEDIAN AGE: HOUSEHOLD INCOME: 2.7M 954K 39.9 $45,300 Growth Growth U.S. Median: U.S. Median: 2018-2023*: 2018-2023*: 4.6% 6.5% 38.0 $58,800

QUALITY OF LIFE Miami-Dade County has developed into a cosmopolitan urban area offering a vibrant ARTS & ENTERTAINMENT business and cultural community. The metro has an abundance of popular attractions. Miami hosts the Capital One Orange Bowl and is home to several professional sports teams, including the Miami Dolphins, the Miami Marlins and the Miami Heat. The county has a broad array of cultural attractions, historic sites and parks. These include the Adrienne Arsht Center for the Performing Arts, and . The region is home to a vibrant and diverse culture, family-friendly neighborhoods, a plethora of shops and restaurants, and beautiful weather and beaches. It also offers easy access to Latin America and the Caribbean. DEMOGRAPHICS

POPULATION 1 MILE 3 MILES 5 MILES HOUSEHOLD INCOME 1 MILE 3 MILES 5 MILES 2010 Population 23,263 182,015 461,081 2010 Avg Household Income $60,963 $67,697 $73,126 2019 Population 24,108 189,586 488,100 2019 Avg Household Income $66,882 $74,504 $81,089 2024 Population 24,244 191,012 496,217 2024 Avg Household Income $76,355 $84,656 $91,858 2019 Male Population 11,592 89,249 230,388 2010 Med. Household Income $44,829 $46,970 $49,028 2019 Female Population 12,516 100,337 257,711 2019 Med. Household Income $48,757 $51,153 $53,625 2019 Median Age 47.0 44.9 43.6 2024 Med. Household Income $57,896 $59,717 $62,286 2010 Per Capita Income $18,616 $22,497 $25,194 RACE & ETHNICITY 1 MILE 3 MILES 5 MILES 2019 Per Capita Income $20,523 $24,953 $28,183 American Indian, Eskimo 0.2% 0.1% 0.1% 2024 Per Capita Income $23,502 $28,459 $32,052 Asian 0.5% 1.2% 1.7% Black 1.6% 2.1% 2.7% HOUSEHOLDS 1 MILE 3 MILES 5 MILES Hawaiian/Pacific Islander 0.1% 0.0% 0.0% 2010 Households 7,056 59,735 156,771 White 94.9% 93.0% 91.5% 2019 Households 7,354 62,786 167,686 Other 1.7% 2.0% 2.2% 2024 Households 7,424 63,585 171,403 Multi-Race 1.1% 1.6% 1.8% Hispanic Ethnicity 92.3% 89.1% 85.0% Not of Hispanic Ethnicity 7.7% 10.9% 15.0%

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Or in Google Street View Miami, Florida he Wolfe Retail Group of Marcus & Millichap specializes in the sale of single-tenant properties and shopping centers Tand has successfully assisted clients in selling over 500 separate commercial properties with a market value exceeding $1.45 billion. Having closed sales in more than 40 states, our track record is evidence that we are one of the premier brokerage teams in the United States.

With our experience and background in various fields such as law and finance, we have proved to be invaluable to our clients, earning their trust and exceeding their expectations while best assisting them in their real estate transactions. The Wolfe For more about the Wolfe Retail Group or to view all of our Retail Group available listings, visit www.WolfeRetailGroup.com has sold over 500 properties in more than 40 states

About Marcus & Millichap With nearly 2,000 investment professionals located throughout the U.S. and Canada, Marcus & Millichap (NYSE: MMI) is a leading specialist in commercial real estate investment sales, financing, research and advisory services. The firm closed more than 9,400 transactions in 2018 with a value of approximately $46.3 billion.

Marcus & Millichap has been a pioneer in the real estate investment industry and has established a reputation for maximizing value for its clients while fostering long-term relationships built on integrity, trust and service. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. Marcus & Millichap also offers clients access to the most competitive real estate financing through Marcus & Millichap Capital Corporation (MMCC), which maintains relationships with the industry’s leading national, regional and local lenders. Barry M. Wolfe Alan Lipsky Senior Managing Director Investments First Vice President Investments License: SL 702613 License: SL 3279054 [email protected] [email protected] (954) 245-3493 (954) 245-3595

Charles Moody Michael Talbert Associate Associate License: SL 3404499 License: SL 3418448

Joseph Prio Matt Hausman Associate Associate License: SL 3422291 License: SL 3477714

Ashley Barrett Catie Jackson Transaction Coordinator Marketing Coordinator

SPECIAL COVID-19 NOTICE: All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.)