OFFERING PREVIEW 2525 M STREET, NW, WASHINGTON, DC INVESTMENT EXECUTIVE SUMMARY HIGHLIGHTS Cushman & Wakefield Retail Investment Advisors exclusively present 2525 M Street Northwest, Washington, D.C. (“The Property”) – a street-level urban retail asset occupied by Nobu. The Tenancy 13,211-square-foot restaurant operates under a net lease with an initial 20 year term and 2.5% annual escalations. Additionally, Nobu is obligated to pay percentage rent based on of sales in excess of a • New 20-yr NNN Lease with one 5-yr option pre-determined threshold and has one 5-year option to extend occupancy at fair market value rent. • 2.5% annual rental escalations throughout term E-commerce resistant and experiential dining • 2525 M Street Northwest was selected by this international restaurant collection to serve as the • Collect additional rent as percentage of sales brand’s first D.C. location. The Property, which sits at the base of a recently renovated 59-unit • Internationally renowned, 38 locations worldwide luxury residential condominium, 2501 M, is only a short distance from Georgetown, Foggy Bottom and Dupont Circle. Nobu is situated just steps from several foreign embassies and Georgetown’s M Street corridor, the region’s most premier and internationally recognized shopping street. Location 2525 M Street Northwest presents the opportunity to acquire a trophy asset secured by long term • Superior demographics: AHI of $142,743 tenancy at the base of a premier luxury residential complex. The Property offers an investor stable and population of 192,324 (2 mile radius) income and embedded annual rent growth from an innovative and globally celebrated brand at an West End neighborhood boasts city’s most • exceptional location. upscale restaurants, residences, and hotels • 3,000 hotel rooms in surrounding area: The Four Seasons, Fairmont, Ritz Carlton, PROPERTY SUMMARY INVESTMENT SUMMARY Park Hyatt and The Watergate Location Washington, D.C. Investment Type NNN Address 2525 M Street NW, Washington, D.C. Occupancy 100% • Close proximity to world renowned universities: Property Type Commercial Condominium Tenant Nobu Georgetown, George Washington, American, Size 13,211 SF Premises 13,211 SF Johns Hopkins in Baltimore Completed 2017 Lease Term 20 Years Ownership Fee Simple Cushman & Wakefield | NOBU, Washington D.C Executive Summary Chef Nobu Matsuhisa’s renowned, international chain combines refined Japanese-Peruvian dishes and fine NOBU sushi. Serene luxury pervades the spacious, tastefully designed dining room and lounge areas. The venue offers multiple options for private dining, the largest of which includes two secluded outdoor patios. Over the last 13,211 SF nearly 25 years, Nobu has opened 38 restaurants across five continents in cities such as Miami, London, Hong Lease End: 8/31/37 www.noburestaurants.com Kong, and Dubai. In recent years, the luxurious Nobu lifestyle has transcended into hospitality with nine Nobu branded hotels, suites, and villas across the world and seven more slated to open over the next two years. As the Nobu brand continues to selectively open new restaurants, it is largely influenced by Chef Matsuhisa’s COMPANY PROFILE extensive travels throughout the world. Marrying traditional food from his native country of Japan with flavors Year Founded: 1994 discovered from his time spent in Peru, Nobu classics such as the Rock Shrimp Tempura and Miso Black Cod Industry: Restaurant have enchanted diners for more than 20 years. Nobu’s impressive collection of restaurants have received top Current Number of Stores Worldwide: 38 Current Number of Stores in the U.S.: 15 honors from culinary institutions around the world including a James Beard Foundation award for Best New New Stores to Open in the U.S. 2018-2019: 7 Restaurant and the sought-after Michelin Star. Cushman & Wakefield | NOBU, Washington D.C Executive Summary ORDER D.C. B ASHINGTON W 50% 72% $142,743 6.1 M HOLD AT LEAST A EMPLOYED IN WHITE AVERAGE HOUSEHOLD TOTAL POPULATION BACHELORS DEGREE COLLAR JOBS INCOME WITHIN 2 MILES Cushman & Wakefield | NOBU, Washington D.C Executive Summary POINTS OF INTEREST WEST END West End Neighborhood CBD GEORGETOWN EMBASSY OF QATAR EMBASSY OF TAJIKISTAN EMBASSY OF SPAIN DELEGATION OF THE EUROPEAN UNION Cushman & Wakefield | NOBU, Washington D.C Executive Summary MARK GILBERT Executive Managing Director 305 533 2866 [email protected] MICHAEL MARKS Managing Director 312 470 2317 [email protected] EVAN HALKIAS Managing Director 312 470 2318 [email protected] DAVID MATHEIS Associate Director 312 470 2347 [email protected] KALEIGH JONES Associate 202 776 7173 [email protected] DAVID DORROS Vice Chairman 202 463 1364 [email protected].