Van Nuys, CA 4600 Rib Mountain Wausau, wi 54401 1 | | 2 INVESTMENT HIGHLIGHTS • Brand New Construction with Long-Term Lease - The property was completed in 2017 with state-of-the-art construction. Dick’s Sporting Goods signed a 10-year lease at just $12 PSF with a 4% increase in year 5 and increases throughout the option periods. The lease has minimal landlord responsibilities with a long-term roof warranty. • Dense Retail Area - The property is located in the retail-hub of Wausau anchored by Walmart Supercenter and Sam’s Club with junior anchors that include Kohl’s, Hobby Lobby, TJ Maxx, Old Navy, Joann Fabrics, and many other national retailers. The property is located along Rib Mountain Dr, one of the major thoroughfares with strong traffic counts. • Great Sports Market - Wisconsin has some of the greatest sports fans in America and is home to the Green Bay Packers, Milwaukee Bucks, Milwaukee Brewers, and University of Wisconsin sports teams. The strong sports and outdoor activity should make Dick’s Sporting Goods a major draw for consumers in the region. • Solid Demographics and Only DSG in ±100 Miles - The property benefits from great demographics for long-term success. There are over 25,000 people in the 3-mile radius with an average household income of $70,000+. In addition, this Dick’s location will serve the towns surround Wausau as it is the only Dick’s Sporting Goods in nearly a 100-mile radius. • Strong Tenant / Guaranty with Above Market Return - Dick’s Sporting Goods is a publicly traded company on the New York Stock Exchange with a market cap of $3.2B. The corporate guaranty provides the security of an extremely passive investment. The initial cap rate above 7% with rent increases makes this one of the most attractive investments on the market. JOSH BISHOP CHAD KURZ ARON CLINE BROKER OF RECORD VP & Director SVP & National Director SVP & Senior Director | Lic # 01904371 (CA) KYLE MATTHEWS LIC # 9381054-91 (WI) DIRECT 214.692.2289 DIRECT 214.692.2927 CALVIN SHORT 315.730.6228 562.480.2937 MOBILE MOBILE SVP & Senior Director | Lic # 01927216 (CA) [email protected] [email protected] LIC # 688810 (TX) LIC # 01911198 (CA) 3 | FinancialExecutive Overview Overview | 4 FinancialVan Nuys, Overview CA Annualized Operating Data Monthly Rent Annual Rent Rent/SF Cap Rate Years 1 - 5 $46,875.00 $562,500.00 $12.50 7.50% Years 6 - 10 $48,750.00 $585,000.00 $13.00 7.80% Extension 1 $50,625.00 $607,500.00 $13.50 8.10% Extension 2 $52,500.00 $630,000.00 $14.00 8.40% Extension 3 $54,375.00 $652,500.00 $14.50 8.70% Extension 4 $56,250.00 $675,000.00 $15.00 9.00% Tenant Summary Tenant Trade Name Dick’s Sporting Goods Investment Summary Type of Ownership Fee Simple Lease Guarantor Corporate » OFFERING PRICE $7,987,700 Lease Type NN+ » NOI $562,500 Landlord Responsibility Roof and Structure 15 Year Warranty » CAP RATE 7.50% Term Remaining on Lease ± 9 Years Original Lease Term 10 Years » TOTAL BUILDING AREA ± 45,000 SF Rent Commencement August 2016 » TOTAL LAND AREA ± 4.22 Acres Lease Expiration Date January 2027 Increases $0.50/PSF Every 5 Years Options Four, 5-Year Options 5 | Property Overview The Offering Tenant Overview PROPERTY NAME Dick’s Sporting Goods Property Address 4600 Rib Mountain » Company Name » Year Founded » Headquarters Wausau, WI 54401 Dick’s Sporting Goods 1948 Corapolis, PA SITE DESCRIPTION » Ownership » Website » No. of Employees Number of Stories One Public www.dicks.com ±40,500 Year Built 2016 Lot Size ± 4.22 AC Dick’s Sporting Goods operates almost 800 stores in 45-plus US states. Its stores usually contain five smaller shops (“stores Type of Ownership Fee Simple within a store”) that feature sporting goods, apparel, and footwear for leisure pursuits ranging from football, golf, and Foundation Concrete Slab cycling to hunting and camping. In addition to brands including NIKE and Adidas, Dick’s carries Ativa, Walter Hagen, Top- Framing Steel Flite, and others exclusive to the firm. The company also operates more than 90 Golf Galaxy stores in about 30 states as Roof Flat well as 25 Field & Stream stores in 10 states. Landscaping Professional | 6 Wausau, WI 7 | R I B M O U N T A I N D R Site plan | 8 Tenant Map 9 | Area Overview Demographics POPULATION 1 - MILE 3 - MILES 5 - MILES 2018 Estimate 2,186 25,858 66,318 HOUSEHOLDS 1 - MILE 3 - MILES 5 - MILES 2018 Estimate 905 11,075 27,973 INCOME 1 - MILE 3 - MILES 5 - MILES 2018 Est. Average $100,174.21 $70,949.67 $69,216.27 Household Income | 10 Wausau, WI WAUSAU, WI Wausau, WI is the county seat of Marathon County and the core city of Wausau The Wisconsin River divides the city into east and west. About a third of Marathon Metropolitan Statistical Area. The City is 93 miles west of Green Bay and 185 miles County is based in manufacturing with the balance in the service industry. Prominent east of Minneapolis. Dudley Tower is the tallest commercial tower building in Wisconsin industries include paper manufacturing, insurance, home manufacturing, and tourism. outside of Milwaukee and can be found in the Wausau Central Business District. The University of Wisconsin-Marathon County and Northcentral Technical College are Wausau has a notable Historic Downtown area also known as the River Districts. The both located in Wausau, WI. area is the regional shopping center as well as a center for art, museums, and business in central Wisconsin. Distance To: North GRANITE PEAK SKI AREA - ±3 MILES WAUSAU DOWNTOWN AIRPORT ±6 MI GREEN BAY ±93 MI 11 | Area Overview PROFESSIONAL SPORTS GREEN BAY PACKERS The Green Bay Packers are a professional American football team based in Green Bay, Wisconsin. It is the third-oldest franchise in the NFL, dating back to 1919, and is the only non-profit, community-owned major league professional sports team based in the United States. Home games have been played at Lambeau Field since 1957. The Packers have won 13 league championships, the most in NFL history, with nine pre-Super Bowl NFL titles in addition to four Super Bowl victories. And despite its small market, Forbes ranked the Packers as the world’s 26th most valuable sports franchise in 2016, with a value of $2.35 billion. The Packers have an exceptionally loyal fan base. Regardless of team performance, every game played in Green Bay has been sold out since 1960. Despite the Packers having by far the smallest local TV market, the team consistently ranks as one of the most popular in the NFL. MILWAUKEE BREWERS The Milwaukee Brewers are a National League Baseball team that was founded in 1969. The teams only World series appearance was in 1982 against the St. Louis Cardinals and they lost the series 4-3. The franchise has produced 3 MVP winning athletes as well as 2 Cy Young awards, and 2 Rookies of the Year awards. Significant Hall of Famers that have played some, if not all of their career with the Brewers include Hank Aaron, Rollie Fingers, Trevor Hoffman, Paul Molitor, Bud Selig. Don Sutton, and Robin Yount. Named after the Miller Brewing Company, Miller Park is the home field of the Milwaukee Brewers. The grand, brick structure is one of the largest construction projects in Wisconsin history with an impressive retractable roof. The stadium was built in 2001 and seats 41,900 fans. | 12 Dick’s Sporting Goods MILWAUKEE BUCKS WISCONSIN BADGERS The Bucks compete in the Eastern Conference Central Division in the NBA. The team was The Wisconsin Badgers are the athletic teams that are represented by the founded in 1968 and since then have won a league title in 1971 and 2 conference titles in University of Wisconsin-Madison. They compete in NCAA Division 1 athletics 1971 and 1974. In addition to those achievements, the team has 13 division titles and have with their football team competing in the Big Ten Conference. The college featured notable players such as Kareem Abdul-Jabbar, Sidney Moncrief, Oscar Robertson, mascot is Bucky Badger and he can be found at any sporting event. The football Bob Dandridge, Bob Lanier, Glenn “Big Dog” Robinson, Ray Allen, Sam Cassell, Junior team has been playing at Camp Randall Stadium since 1895. It is the oldest and Bridgeman, Michael Redd, Terry Cummings, Vin Baker, Jon McGlocklin, Marques Johnson, fifth largest stadium in the Big Ten Conference with a seating capacity of 80,321. and Brian Winters. The Football team has won three Big Ten Championships and three Rose Bowls. 13 | Confidentiality Agreement & Disclaimer This Offering Memorandum contains select information pertaining to the business and affairs ofDick’s Sporting Goods located at 4600 Rib Mountain, Wausau WI 54401 (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto.