1 2900 Paris Road Columbia, MO 65202 2 GERBES SURPER MARKET MARKETED BY: MATSON KANE TODD LEWIS ELAN SIEDER Lic. # 695584 Lic. # 703013 Lic. # 678407 512.861.1889 | DIRECT 512.957.0597 | DIRECT 512.649.5185 | DIRECT [email protected] [email protected] [email protected] MAX FREEDMAN JOHN THOMAS Lic. # 644481 Lic. # 434628 512.766.2711 | DIRECT 214.360.7725 | DIRECT [email protected] [email protected] 305 Camp Craft Rd, Suite 550 Westlake Hills, TX 78746 844.4.SIG.NNN www.SIGnnn.com In Cooperation With Sands Investment Group Missouri, LLC – BoR: Kaveh Ebrahimi - Lic. # 2019044754 3 GERBES SURPER MARKET TABLE OF CONTENTS 04 06 07 12 14 INVESTMENT OVERVIEW LEASE ABSTRACT PROPERTY OVERVIEW AREA OVERVIEW TENANT OVERVIEW Investment Summary Lease Summary Property Images City Overview Tenant Profile Investment Highlights Rent Roll Location, Aerial & Retail Maps Demographics © 2020 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum’, has been obtained from sources believed to be reliable. Sands Investment Group does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and completeness. Any and all projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these projections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction. GERBES SURPER MARKET 4 INVESTMENT SUMMARY We Are Pleased to Offer For Sale the 53, 221 SF Gerbes Super Market Located at 2900 Paris Road in Columbia, MO. This Opportunity Includes a High- Quality Tenant, That is a Subsidiary of Kroger, With Over 4 Years Remaining on the Current Lease, Providing For a Secure Investment. OFFERING SUMMARY PRICE $3,899,752 CAP 7.25% NOI $282,732 PRICE PER SF $73.27 GUARANTOR Corporate (Dillon Companies, Inc.) PROPERTY SUMMARY ADDRESS 2900 Paris Road Columbia, MO 65202 COUNTY Boone BUILDING AREA 53,221 SF LAND AREA TBD - Parcel Being Subdivided BUILT 1977 ACTUAL PROPERTY IMAGE 5 GERBES SURPER MARKET HIGHLIGHTS § Subsidiary of Kroger With Over 4 Years Remaining § Strategically Located on Paris Rd - a Strong Retail on the Current Lease Corridor For the Area Which Sees Over 16,404 Vehicles Per Day § Co-Anchor With American Freight Furniture and Mattress Store § Columbia is Missouri's Fourth Most Populous City and it is Home to Columbia College, Stephens § Grocery Store Includes Fuel Station Facilities College and the University of Missouri Which Has Approximately 30,000 Students § Excellent Demographics With the Population Over 47,696 Residents Making an Average Household § The Missouri Tigers Play Football at Faurot Field Income of $54,133 Within a 3-Mile Radius and Basketball at the Mizzou Arena, Which Are Both Located in Columbia § Population Jumps to Over 151,196 Residents Within a 10-Mile Radius From the Property § Neighboring Tenants Include: Bass Pro Shops, Menards, Home Depot, Orscheln Farm & Home, Subway, Burger King, Dollar General and More § Located 1-Mile From Interstate 70 Which Sees Over 71,900 VPD LEASE SUMMARY6 Dillon Companies, Inc. TENANT (Kroger Subsidiary) PREMISES Premise of Approximately 53,221 SF LEASE COMMENCEMENT January 24, 1996 LEASE EXPIRATION November 24, 2024 LEASE TERM 4+ Years Remaining RENEWAL OPTIONS 8 x 5 Years RENT INCREASES 9.73% on November 25, 2024 LEASE TYPE Double Net (NN) PERMITTED USE Grocery PROPERTY TAXES Tenant’s Responsibility INSURANCE Tenant’s Responsibility COMMON AREA Tenant’s Responsibility ROOF & STRUCTURE Landlord’s Responsibility REPAIRS & MAINTENANCE Tenant’s Responsibility HVAC Tenant’s Responsibility UTILITIES Tenant’s Responsibility RIGHT OF FIRST REFUSAL No SQUARE ANNUAL RENT FOOTAGE BASE RENT PER SF 53,221 SF $282,732 $5.31 ACTUAL PROPERTY IMAGE 7 ACTUAL PROPERTY IMAGES 8 9 Paris Road 10 Jackson Dr Paris Road 11 Paris Road COLUMBIA | BOONE COUNTY | MISSOURI 12 Columbia is a city in the U.S. state of Missouri. It is the county seat of Boone County and home to the University of Missouri. Founded in 1821, it is the principal city of the five- county Columbia metropolitan area. It is Missouri's fourth most-populous and fastest growing city, with an estimated 123,180 residents in 2018. As a Midwestern college town, Columbia has a reputation for progressive politics, persuasive journalism, and public art. The tripartite establishment of Stephens College (1833), the University of Missouri (1839), and Columbia College (1851), which surround the city's Downtown to the east, south, and north, has made the city a center of learning. The city rests upon the forested hills and rolling prairies of Mid-Missouri, near the Missouri River valley, where the Ozark Mountains begin to transform into plains and savanna. Columbia's economy has been historically dominated by education, healthcare, and insurance. Jobs in government are also abundant, both in Columbia and in Jefferson City, Missouri’s capital city, located just a half-hour south. The Columbia Regional Airport and the Missouri River Port of Rocheport connect the region with trade and transportation. With a Gross Metropolitan Product of $9.6 billion in 2018, Columbia's economy makes up 3% of the Gross State Product of Missouri. Insurance corporations headquartered in Columbia include Shelter Insurance and the Columbia Insurance Group. Other organizations include Veterans United Home Loans, MFA Incorporated, the Missouri State High School Activities Association, and MFA Oil. Companies such as Socket, Slackers CDs and Games, Carfax, and MBS Textbook Exchange were all founded in Columbia. The Missouri Theatre Center for the Arts and Jesse Auditorium are Columbia's largest fine arts venues. Ragtag Cinema annually hosts the True/False Film Festival, which brings in over 30,000 people each year for a weekend of art, film, and music. Part of the University of Missouri, the Museum of Art and Archaeology exhibits European paintings and ancient Greek and Roman art. At the center of the university’s main campus, Francis Quadrangle comprises lawns, 6 stone columns, many landmark buildings and Mizzou Botanic Garden flowerbeds. To the east, Stephens Lake Park has trails, picnic shelters, a beach and a boardwalk. COLUMBIA, MO UNIVERSITY OF MISSOURI BOONE COUNTY COURTHOUSE 3 MILES 5 MILES 10 MILES 13 POPULATION 47,696 99,301 151,196 AVERAGE HH $54,133 $57,905 $71,411 INCOME (37,665 VPD) Paris Road (16,404 VPD) (71,974 VPD) 14 GERBES SUPER MARKET TENANT PROFILE Gerbes Super Market is a subsidiary of Kroger. Kroger operates 2,758 grocery retail stores under a variety of banner names. Food stores are the company’s primary business and account for approximately 94% of total company sales. With nearly 2,800 stores in 35 states under two dozen banners and annual sales of more than $121.1 billion, Kroger today ranks as one of the world’s largest retailers. Kroger’s format includes supermarkets, seamless digital shopping options, price- impact warehouse stores, and multi- department stores, which are similar to supercenters, but offer an expanded variety of national brand apparel and general merchandise. Kroger is the only major U.S. supermarket company to operate an economical three- tier distribution system. The company also operates 35 food production or manufacturing facilities producing high quality private- label products that provide value for customers and enhanced margins for Kroger. Kroger operates 1,560 supermarket fuel centers, which are a natural addition to the one- stop- shopping strategy. Kroger’s 2,268 pharmacies, located in the combination food and drug stores, provide high quality services at everyday low prices. From one tiny grocery store in Cincinnati more than a century ago, the company is now the foundation for what today ranks as one of the largest companies in America. COMPANY TYPE FOUNDED # OF LOCATIONS HEADQUARTERS WEBSITE Subsidiary 1883 2,758+ Cincinnati, OH gerbes.com GERBES SURPER MARKET 15 CONFIDENTIALITY AGREEMENT The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the written consent of Sands Investment Group. This Offering Memorandum 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, 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