t.j. maxx Grand Forks, ND

James Capital Advisors T.J. Maxx Marketing Package 2925 32nd Ave S, Grand Forks, ND 58201 PROPERTY INFO FINANCIAL SUMMARY Tenant T.J. Maxx Purchase Price $3,350,867

Street Address 2925 32nd Ave S Cap Rate 7.25%

City Grand Forks Net Operating Income $242,938*

State ND Price / SF $119.03

Zip 58201 Rent / SF $8.50

*Landlord received $7,411.66 of percentage rent for ‘18 sales - 50% APN 44260300001003 of that value was added to our base rental income to find our NOI. GLA 28,152 SF Listing Agent Ryan Sobel

Lot Size 13 AC* Phone Number (424) 325-2613

Year Built 1991 Email [email protected] *Landlord will be parceling off T.J. Maxx from the rest of the center. INVESTMENT HIGHLIGHTS Long-Term Operating History T.J. Maxx has operated at this location for over 25 years due to its strong position in the Grand Forks market.

Strong Historical Sales Sales at this location have been trending up year-over-year and have increased by over 15% from 2015 to 2018 with percentage rent being paid last year (please contact agent for additional details).

Minimal Landlord Responsibilities The Tenant is responsible for paying and reimbursing for Taxes, Insurance and Common Area Maintenance with the Landlord only providing Capital Responsibilities for Roof and Structure.

Potential Upside by Restructuring the Lease T.J. Maxx is in their last option period of the lease and paying low rent. With strong sales and location history, there is upside potential in renegotiating the lease in 4.5 years.

James Capital Advisors T.J. Maxx The Offering 2925 32nd Ave S, Grand Forks, ND 58201 James Capital Advisors T.J. Maxx Aerial 2925 32nd Ave S, Grand Forks, ND 58201 LEASE SUMMARY Lease Type Triple-Net (NNN) Real Estate Taxes Tenant Responsible

Type of Ownership Fee Simple Insurance Tenant Reimburses

Original Lease Term 10 Years Common Areas Tenant Reimburses

Commencement Date 2/1/2019 Roof & Structure Landlord Responsible

Lease Expiration 1/31/2024 Lease Guarantor Corporate

Term Remaining 4+ Years Company Name T.J. Maxx

Increases None Ownership Public

Options None Years in Business 43

ROFR / ROFO N/A Number of Locations 1,241

INVESTMENT HIGHLIGHTS Thriving Business Model TJX Companies has reported strong sales growth and 20 consecutive quarters of increasing customer traffic to its stores. This can be contributed to customers changing demand for value and convenience and T.J. Maxx’s strong positioning in the off-price retail segment.

Exceptional Retail Corridor T.J. Maxx is located in the most dominant retail corridor in Grand Forks with surrounding national retailers including Walmart, Sam’s Club, Panera Bread, Kohl’s, Hobby Lobby, Burger King, Target, Lowe’s, McDonald’s and many more.

High Traffic Counts There are over 22,000 vehicles per day traveling along 32nd Ave S passing the site, providing excellent site level visibility.

Growing Economy Population has increased by over 9.5% since 2010 with continual growth expected.

James Capital Advisors T.J. Maxx Lease Summary 2925 32nd Ave S, Grand Forks, ND 58201 Rent Schedule PERIOD ANNUAL RENT MONTHLY RENT INCREASE RENT / SF CAP RATE 2/1/19-1/31/2024 2nd Option $239,232 $19,936 - $8.50 7.25%

James Capital Advisors T.J. Maxx Rent Schedule 2925 32nd Ave S, Grand Forks, ND 58201 ABOUT THE BRAND T.J. Maxx is an American chain, selling at prices generally lower than other major similar stores. It has more than 1,000 stores in the United States, making it one of the largest clothing retailers in the country. The company is part of the TJX Companies, which also owns HomeGoods/HomeSense, and “off-price” retail chains in the United States, in the US and Canada, and in Canada. Under the name T.K. Maxx, its parent company, TJX operates stores throughout the United Kingdom, Ireland, Germany, Australia, Poland, Austria, and The Netherlands. T.K. Maxx sells men’s, women’s and children’s apparel and shoes, toys, bath and beauty, accessories, and home products ranging from furniture to kitchen utensils.

T.J. Maxx and Marshalls operate as sister stores, and share a similar footprint throughout the country. While their prices are nearly identical and they have similar store layouts, T.J. Maxx has a more upscale appearance than Marshalls and typically sells a larger range of fine jewelry and accessories. Some higher-volume stores have a high-end designer department called The Runway. parent organization founded number of locations TJX Companies 1976 1,241

RECENT NEWS TJX Companies Announces 18% Increase in Common Stock Dividend Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., stated, “I am pleased to report that our Board of Directors has approved an 18% increase in our quarterly dividend. This marks their 23rd consecutive year of dividend increases. Over this period, the Company’s dividend has grown at a compound annual rate of 22%.”

TJX Companies Project Robust Growth During The Rest Of 2019 TJX Companies reported an increase of 4.8% of net sales of $9.7 billion for the second quarter of fiscal 2019, which ended August 3. Net earnings per share were $0.62, an increase of 7% over the $0.58 reported in the previous year.

TJX Building $170M Ohio Distribution Center TJX Cos. is building a sprawling new retail distribution center across the street from a General Motors factory in Ohio. TJX’s new 1.2-million square-foot distribution center for its HomeGoods chain in Lordstown, Ohio, could be TJX’s largest by physical size. The $170-million facility will employ more than 1,000 workers and ship to more than 300 stores.

James Capital Advisors T.J. Maxx About the Brand 2925 32nd Ave S, Grand Forks, ND 58201 ABOUT NORTH DAKOTA

North Dakota is the Great Plain of the United States, filled with rich soil and vast lands. In the last 10 years, North Dakota has seen an amazing 13% growth in population making it the largest percentage in population growth since 2011. Ranked #1 for quality of life and #1 for fiscal stability, North Dakota accolades are growing as fast as its industries. Whether you crave the rugged outdoors or thrive in urban settings, you’ll find vibrant, diverse communities and the shortest average commute time in the country, leaving you with even more time to do something meaningful and unexpected. With a high median wage, low state income taxes, and the chance to make a real impact, it’s no wonder tech leaders like Microsoft and Amazon have long called North Dakota home. Recognized as one of the best entrepreneurship environments in the nation, this is the place where you can innovate, grow and compete.

From the broad, flat Red River Valley to the hills of the drift prairie to the rocky rise of the Missouri Plateau famous for its buttes and badlands, the North Dakota landscape is as diverse as the opportunities it offers. Nearly 22 million visitors come to North Dakota to experience all there is to see and do in our great state. Travel and tourism create jobs and generate sales in every county of North Dakota — to the tune of $3 billion in visitor spending each year.

ABOUT GRAND FORKS, ND

Grand Forks, along with its twin city of East Grand Forks, Minnesota, forms the center of the Grand Forks, ND-MN Metropolitan Statistical Area, which is often called Greater Grand Forks or the Grand Cities. This population of 101,842 is a driving force for the economy boom it’s currently experiencing. The City of Grand Forks is North Dakota’s 3rd largest city. Located along the Red River of the North, Grand Forks has its own population of over 55,000. With a consistently low unemployment rate (<3%), Grand Forks is a hub for engineering, aerospace, energy, agriculture and healthcare. It is ranked as the #1 College Town in North Dakota the #1 best place to live in North Dakota and in the top 5 best small college towns in the USA.

This bustling college town has a knack for making visitors feel young at heart, like the thousands of University of North Dakota students that call it home. The University offers a variety of professional and specialized programs, including the only schools of law and medicine in the state of North Dakota. It is also the largest in the state of North Dakota with over 550-acres of campus. With the attendance of over 15,000 students, the University of North Dakota (UND) brings in millions of dollars into the economy that helps fund and create employment and opportunities for businesses across the city.

James Capital Advisors T.J. Maxx Location Overview 2925 32nd Ave S, Grand Forks, ND 58201 James Capital Advisors T.J. Maxx Retail Aerial 2925 32nd Ave S, Grand Forks, ND 58201 James Capital Advisors T.J. Maxx Retail Aerial 2925 32nd Ave S, Grand Forks, ND 58201 James Capital Advisors T.J. Maxx Site Plan 2925 32nd Ave S, Grand Forks, ND 58201 DEMOGRAPHICS POPULATION 1 MILE 3 MILE 5 MILE 10 MILE

2024 Projection 9,114 52,312 68,391 73,186

2019 Estimate 8,890 50,872 66,782 71,412 2010 Census 8,257 46,380 62,121 66,134 22,291 VPD Growth 2019 - 2024 2.52% 2.83% 2.41% 2.48%

Growth 2010 - 2019 7.67% 9.69% 7.50% 7.98%

HOUSEHOLDS 1 MILE 3 MILE 5 MILE 10 MILE

2024 Projection 5,014 22,246 28,838 30,710

2019 Estimate 4,832 21,595 28,118 29,917

2010 Census 4,170 19,527 25,984 27,495

Growth 2018 - 2024 3.77% 3.01% 2.56% 2.65%

Growth 2010 - 2019 15.88% 10.59% 8.21% 8.81%

HOUSEHOLDS

Avg. HH Income $57,379 $63,081 $63,934 $65,735

Med. HH Income $45,496 $47,493 $49,072 $51,177

James Capital Advisors T.J. Maxx Demographics 2925 32nd Ave S, Grand Forks, ND 58201 DISCLAIMER The information contained in this Marketing Brochure has been obtained from sources believed to be reliable, but the accuracy or completeness of the information contained therein cannot be guaranteed. James Capital Advisors, Inc. & Jim Buus (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guarantees, or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. Therefore, Broker assumes no legal responsibility for accuracy or completeness of this information, and expressly disclaims all representations, guarantees, or warranties related thereto The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction, and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants. A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or comparable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease or may default under the terms of such lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property. Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long-term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.

CONFIDENTIALITY This Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.

RELEASE This Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. or Broker be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein.

NON-ENDORSEMENT Broker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker.

James Capital Advisors T.J. Maxx Disclaimer 2925 32nd Ave S, Grand Forks, ND 58201 Contact Information Ryan Sobel Luka Stankovic Jim Buus Senior Associate, Net Lease Associate, Net Lease Broker of Record ND RE Lic #: 2216 (424) 325-2613 (424) 325-2616 JBC Commercial [email protected] [email protected] Fargo, ND CA RE Lic. 02005465 CA RE Lic. 02085202

James Capital Advisors T.J. Maxx Contact Information 2925 32nd Ave S, Grand Forks, ND 58201