Single Tenant Solutions Single Tenant Phone: (415) 461 - 0600 Email: [email protected] Barry Silver Phone: (415) 461 - 0600 Email: [email protected] Cunha Greg • OUT PARCEL TO THE SHOPPES AT ARBOR LAKES THE SHOPPES AT TO OUT PARCEL • • • FIFTEEN YEAR HISTORICAL OCCUPANCY FIFTEEN YEAR HISTORICAL 5,850 SF BUILDING ON 1.72 ACRE PARCEL ON 1.72 ACRE 5,850 SF BUILDING PREMIER REGIONAL RETAIL LOCATION RETAIL PREMIER REGIONAL Jared, The Galleria of Jewelry Jared, • 11905 Elm Creek Blvd No., Maple Grove MN 55369 Blvd No., Maple Grove 11905 Elm Creek • INVESTMENT OFFERING CORPORATE LEASE GUARANTY CORPORATE NO LANDLORD OBLIGATIONS NO LANDLORD SINGLE TENANT www.thesilver-group.com San Rafael, CA 94903 1050 Northgate Drive #500 The Silver Group Property Photo Property The information contained herein has been received from sources we believe to be reliable, but we have made no independent investigation of the accuracy or completeness and make no representation thereto. The above is is above The thereto. representation no make and completeness or accuracy the of investigation independent no made have we but reliable, be to believe we sources from received been has herein contained information The Single Tenant Solutions Single Tenant • • • • Lease Year Built: Year Size: Parcel Building Area: RAte: Cap Price: Purchase Rent Commenced: Rent Option Rent Schedule: Option Rent Annual Rent Schedule: Annual Rent $632,703 $575,184 $522,895 $475,359 $421,145 Four x 5 year renewal options Four x 5 year renewal every 5 years increase Scheduled rent obligations ABSOLUTE NET - No Landlord Remaining of Term than 5 Years less with Term Primary Year Twenty Original Terms: Years 16 - 20 Years Option 3 Option 2 Option 1 Option 4 2004 ± ± 8.51% $4,950,000 1.72 acres 5,850 s.f. March 6, 2004 (+10%) (+10%) (+10%) (+10%) Investment Summary - The Silver Group The Silver Group subject to errors, omissions, or withdrawal from the market. subject to errors, omissions, or withdrawal • Phone: (415) 461 - 0600 centers. shopping premier ofone in region’s the retailer leading industry an to the opportunity to own a prized, management-free, out-parcel leased this location since 2004. Marriott by Courtyard Fridays, Boy, Ethan Allen, Petsmart, Dave & Busters, Chick-fil-A, HomeGoods, Benihana’s, Home SportingDick’s Improvement, LoWe’s Goods, REI, La-Z- TGI Bread). (Buca di Beppo, Chipotle, Cold Stone Creamery, Noodles & Co. Michael’s, Nordstrom Navy, Rack, Old Total Buy, Wine, Best Bed Kohl’s, Lakes, Bath Arbor 16 AMC & Grocery, Beyond Byerly’s of1.5 feet million square has over Lakes shopping with Kirkland’s, The Gap, BMO Harris Works, Bank, Cost Chang’s Plus P.F. World Market, H & M, Shoppes Pottery Barn,At Arbor Williams Lakes Sonoma, (Whole Foods Market, Trader Joe’s, Bed and Hemlock Lane & ( Body one of Maple busiest Grove’s intersections, Elm Creek Blvd. ( acres of land at 11905 Elm The Property Creek consists of Blvd. North.a freestanding Minnesota. Jared ofGrove, sits suburb Maple Minneapolis northwest prominently the in located at store subject The property is a single tenant, Across Hemlock Lane is the is Lane Hemlock Across 11905 Elm Creek Blvd No., Maple Grove MN 55369 Blvd No., Maple Grove 11905 Elm Creek Jared, The Galleria of Jewelry Jared, ± Average HH Income: Average Population: 35,000 vpd), premier in lifestyle center the area’s Jared JeWelry - Maple Grove offers - an Maple investor JeWelry Grove Jared & Holiday Inn) Holiday The Fountains At Arbor Lakes Lakes Arbor At Fountains Jared, The Jared, Galleria of JeWelry ± $109,867 $115,100 191,418 58,450 5,850 sf retail building on . Jared Jewelry has at operated Jewelry . Jared as well as 5 miles 3 miles 5 miles 3 miles Cub Foods, Lund’s & Lund’s Cub Foods, & Biaggi’s ± 22,000 vpd) Main Street with & ). Arbor Panera Costco, ± retail 1.72 The The Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions The Silver Group • Phone: (415) 461 - 0600 Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions The Silver Group • Phone: (415) 461 - 0600 Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions The Silver Group • Phone: (415) 461 - 0600 Single Tenant Solutions Single Tenant The Silver Group The Silver Group • Phone: (415) 461 - 0600 11905 Elm Creek Blvd No., Maple Grove MN 55369 Blvd No., Maple Grove 11905 Elm Creek Jared, The Galleria of Jewelry Jared, Single Tenant Solutions Single Tenant Phone: (415) 461 - 0600 Email: [email protected] Barry Silver Phone: (415) 461 - 0600 Email: [email protected] Cunha Greg Site Plan - Jared, The Galleria of Jewelry Jared, 11905 Elm Creek Blvd No., Maple Grove MN 55369 Blvd No., Maple Grove 11905 Elm Creek www.thesilver-group.com San Rafael, CA 94903 1050 Northgate Drive #500 The Silver Group Single Tenant Solutions Single Tenant Hemlock Lane The Shoppes ay Arbor Lakes - The Silver Group The Silver Group Elm Creek Blvd • Phone: (415) 461 - 0600 11905 Elm Creek Blvd No., Maple Grove MN 55369 Blvd No., Maple Grove 11905 Elm Creek Jared, The Galleria of Jewelry Jared, Single Tenant Solutions Single Tenant The Silver Group The Silver Group • Phone: (415) 461 - 0600 11905 Elm Creek Blvd No., Maple Grove MN 55369 Blvd No., Maple Grove 11905 Elm Creek Jared, The Galleria of Jewelry Jared, Single Tenant Solutions Single Tenant Arbor Lakes Shopping District - The Silver Group The Silver Group • Phone: (415) 461 - 0600 11905 Elm Creek Blvd No., Maple Grove MN 55369 Blvd No., Maple Grove 11905 Elm Creek Jared, The Galleria of Jewelry Jared, Property Photos - Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions Front of building View from Hemlock Ln. The Silver Group • Phone: (415) 461 - 0600 Single Tenant Solutions Single Tenant The Silver Group The Silver Group Drive Distance Map - • Phone: (415) 461 - 0600 ± 27 miles ± 15 miles 11905 Elm Creek Blvd No., Maple Grove MN 55369 Blvd No., Maple Grove 11905 Elm Creek Jared, The Galleria of Jewelry Jared, ± 25 miles Single Tenant Solutions Single Tenant Wholly owned subsidiary of Signet Jewelers (NYSE “SIG”) credit rAting ofrAting Poors. & credit Standard from / Stable BB 2019. FY ofin 19% sales for accounts Signet’s close to major positioned commercial flow, arteriestraffic and visibility high with within sites free-standing typically shopping are developments. Jared brand by sales. The typical Jared has jewelry 4,800 retail specialty sf U.S. of largest fourth the selling is and space. ofLocations selection merchandise stores in the Ireland U.K., and Channel Islands. Jared, offers the broadest of Jewelry Galleria ofand a variety the International segment 477 operates The mall based kiosks. Jared Zales, Kay, banners the under off-malls and malls and U.S. 128 locations in Canada. The segment U.S. primarily operates in basic ranges. The North America segment operates 2,700 locations more in in proposition value the compelling a offering while merchandise, exclusive store brands to customers through the use of attraction ofthe Signet’s increases Signet experience. customer branded outstanding differentiated and believes customers associate our brands with Signet services. associated high and watches quality of retailing jewelry, jewelrythe from derived and an Pagoda. The Company’s annual sales Piercing and ofPeoples Jones, Ernest H.Samuel, Of Galleria The Jewelry, approximately Jared $6.25 billion are Annual Company Revenues of $6.25 billion 2019 Net Worth of $1.2 billion 2019 Net Worth ABOUT THE TENANT ABOUT THE Sterling Jewelers, Inc. the name brands of under Kay primarily stores 3,300 approximately Jewelers, Zales, operates Signet of retailer jewelry. diamond Canada. They are also and the U.K. world’s U.S, the in largest retailer jewelry specialty Sterling Jewelers, Signet Inc., Jewelers and is corporate guarantor, the largest The Silver Group The Silver Group Tenant Information - Tenant Signet JeWelers maintains a maintains JeWelers Signet • Phone: (415) 461 - 0600 Signet Jewelers Limited is the world’s largest retailer retailer largest the world’s is Limited Jewelers Signet destination retail jewelry chain in the U.S. with 274 with jewelry U.S. in the chain retail destination Jared the Galleria ofGalleria the Jared leading off-mallthe is Jewelry The Galleria of Jewelry. Jared accounts for 19% of for accounts of Galleria Jared The Jewelry. Largest specialty jeweler in the United States with United States the in jeweler specialty Largest 1,500 stores in all 50 states including 270 Jared including50 states all in Jared 270 stores 1,500 stores primarily as Kay Jewelers, Zales & Jared. & Zales Jewelers, Kay as primarily stores of diamond jewelry. Signet operates over 3,300 of over operates Signet jewelry. diamond 11905 Elm Creek Blvd No., Maple Grove MN 55369 Blvd No., Maple Grove 11905 Elm Creek Jared, The Galleria of Jewelry Jared, parent company, Signet Jewelers sales. sales. Jewelers Signet company, parent stores in 41 states. in 41 stores Single Tenant Solutions Single Tenant is home to more than 65 stores and restaurants. than 65 stores is home to more and size in feet square 415,000 is Lakes Arbor at Shoppes Grove’s Maple Lakes). was built in 2003 and has been replicated in Minnesota Woodbury, (Woodbury JeWelry JARED Market, Sonoma, GoodThings, Hot Chang’s, World Mama, Anthropologie, Teavana, Williams- P.F. H&M, Barn, Pottery Theaters, AMC Joes, Trader Foods, Whole as such designed in the spirit of a mid-century American village Minnesota’s and first includes stores so-called ‘lifestyle center’, The Shoppes At at Arbor Lakes. phase was the Fountains Arbor and the third Arbor Lakes Lakes, is in new urbanist (or neotraditional) style.