FORMER SHOPKO RICE LAKE, WI REDEVELOPMENT OPPORTUNITY - FOR SALE OR LEASE REPRESENTATIVE PHOTO AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT CBRE, Inc. operates within a global family of companies with many the information which prospective investors may require to evaluate a subsidiaries and related entities (each an “Affiliate”) engaging in a broad purchase of the Property. The information contained in this Memorandum has range of commercial real estate businesses including, but not limited to, been obtained from sources believed to be reliable, but has not been verified brokerage services, property and facilities management, valuation, investment for accuracy, completeness, or fitness for any particular purpose. All fund management and development. At times different Affiliates, including information is presented “as is” without representation or warranty of any CBRE Global Investors, Inc. or Trammell Crow Company, may have or kind. Such information includes estimates based on forward-looking represent clients who have competing interests in the same transaction. For assumptions relating to the general economy, market conditions, competition example, Affiliates or their clients may have or express an interest in the and other factors which are subject to uncertainty and may not represent the property described in this Memorandum (the “Property”), and may be the current or future performance of the Property. All references to acreages, successful bidder for the Property. Your receipt of this Memorandum square footages, and other measurements are approximations. This constitutes your acknowledgement of that possibility and your agreement that Memorandum describes certain documents, including leases and other neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such materials, in summary form. These summaries may not be complete nor Affiliates’ interest or involvement in the sale or purchase of the roperty.P In all accurate descriptions of the full agreements referenced. Additional instances, however, CBRE, Inc. and its Affiliates will act in the best interest of information and an opportunity to inspect the Property may be made their respective client(s), at arms’ length, not in concert, or in a manner available to qualified prospective purchasers. You are advised to detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their independently verify the accuracy and completeness of all summaries and respective businesses in a manner consistent with the law and all fiduciary information contained herein, to consult with independent legal and financial duties owed to their respective client(s). advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF Your receipt of this Memorandum constitutes your acknowledgement that (i) it THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK. is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of The Owner expressly reserves the right, at its sole discretion, to reject any or the Property, (ii) you will hold it in the strictest confidence, (iii) you will not all expressions of interest or offers to purchase the Property, and/or to disclose it or its contents to any third party without the prior written terminate discussions at any time with or without notice to you. All offers, authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. you will not use any part of this Memorandum in any manner detrimental to nor the Owner shall have any legal commitment or obligation except as set the Owner or CBRE, Inc. forth in a fully executed, definitive purchase and sale agreement delivered by the Owner. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc. This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of © 2018 CBRE, Inc. All Rights Reserved. PROPERTY OVERVIEW FORMER SHOPKO | RICE LAKE, WI PRICE OVERVIEW $1,950,000 Excellent Location on Traffic Corridor With Multiple Access Points $26.00/SF − The site is located on a traffic corridor that connects Main Street, into Downtown Rice ake,L and U.S. Highway 53, which tethers the Rice Lake MSA to the larger cities of Spooner, Chippewa Falls, Eau Claire, and eventually, Minneapolis-St. Paul. ADDRESS 320 County Road O Rice Lake, WI 54868 Nearby National and Complementary Retailers − The subject property is ideally situated amongst complementary local and national brands that drive APN traffic to the immediate area, including Menards, Kohl’s, Office Max, Walmart, and Hobby Lobby. 276-8001-55-000 BUILDING/LOT SIZE 75,000 SF [Estimated] 1 Mile from University of Wisconsin - Barron County Satellite Campus / 7.20 Acres − The University of Wisconsin education system added the Barron County campus in Rice Lake as a branch location in July 2018. This location offers many foundational courses for students who either YEAR BUILT plan to earn an Associates Degree, or complete their four-year degree elsewhere. 1994 [Estimated] 4 AERIAL - NORTHEAST FACING FORMER SHOPKO | RICE LAKE, WI MILES WEST TO MINNEAPOLISST PAUL Cedar Mall , EHICLES LAE BUFFET SUBECT PROPERTY 5 AERIAL - WEST FACING FORMER SHOPKO | RICE LAKE, WI MILES SOUTH TO CHIPPEWA FALLS EAU CLAIRE MILES WEST TO MINNEAPOLISST PAUL RICE LAE VA CLINIC Cedar Mall , EHICLES ADVENTURES LAE BUFFET RESTAURANT PUB LAE BUFFET , EHICLES SUBECT PROPERTY SUBECT PROPERTY 6 12,500 VEHICLES FORMER SHOPKO | RICE LAKE, WI LAKE, RICE | SHOPKO FORMER IMMEDIATE TRADE AREA TRADE IMMEDIATE SUBECT VA CLINIC VA RICE LAE RICE RESTAURANT RESTAURANT ADVENTURES PUB 12,200 VEICLES 12,200 Cedar Mall Cedar 7 LOCATION PHOTOS FORMER SHOPKO | RICE LAKE, WI 8 MARKET SUMMARY FORMER SHOPKO | RICE LAKE, WI NORTHERN WISCONSIN’S SHOPPING, MEDICAL, EDUCATIONAL HUB Located in Barron County in North-Central Wisconsin, the city of Rice Lake is a locally and regionally well known vacation destination. Some of the state’s best ATV trails and fishing can be found in and around the city. Rice Lake is the largest city in the county and in the past two decades, investments have been made in the city’s infrastructure and quality of life. Those investments include a new hos- pital completed in 2011, two new schools, expansions of the local university and technical college campuses, and a $20 million referen- dum to improve elementary, middle, and high schools. DEMOGRAPHICS FORMER SHOPKO | RICE LAKE, WI 1 Mile 3 Miles 5 Miles POPULATION 2018 Population - Current Year Estimate 2,020 3,988 7,451 2023 Population - Five Year Projection 2,045 4,042 7,579 2018-2023 Annual Population Growth Rate Projection 0.25% 0.27% 0.34% GENERATIONS Generation Z (Born 1999-2016) 24.6% 23.6% 22.0% Millennials (Born 1981-1998) 21.1% 20.3% 19.9% Generation X (Born 1965-1980) 21.2% 21.1% 20.5% Baby Boomers (Born 1946-1964) 22.1% 24.9% 26.3% HOUSEHOLD INCOME 2018 Average Household Income $55,551 $63,329 $63,568 2023 Average Household Income $62,292 $72,036 $72,303 EDUCATION High School Diploma 34.6% 33.8% 35.2% Some College - No Degree 17.3% 17.8% 18.8% Associate`s Degree 23.6% 19.8% 16.2% Bachelor`s Degree 9.5% 11.6% 12.6% Graduate or Professional Degree 4.8% 6.8% 6.6% EMPLOYMENT 2018 Employed Civilian Population (16+) 98.6% 98.8% 98.4% 2018 Unemployed Population (16+) 1.5% 1.2% 1.6% 10 DEMOGRAPHICS FORMER SHOPKO | RICE LAKE, WI ➤ N➤ © 2018 Googlle © 2018 Google CONSUMER BASE FORMER SHOPKO | RICE LAKE, WI DOMINANT TAPESTRY SEGMENT DOMINANT LIFEMODE GROUP COZY COUNTRY LIVING HEARTLAND COMMUNITIES 66.8% 33.3% • Empty nesters in bucolic settings • Homeowners with pets, residing in single-family dwellings in rural • Well settled and close knit, semirural and areas semiretired • Politically conservative and believe in the importance of buying American • Older householders are primarily homeowners and many have paid off their DOMINANT URBANIZATION GROUP mortgages • Budget savvy, they stick to brands they grew 65.3% SEMIRURAL up with and know the price of goods • Single-family homes in the country, but still within reach of some • Rural economy in this market provides amenities employment in manufacturing, construction, • Fast food and frozen meals are much more common than fine dining • Many make a living off the land through agriculture, fishing, and utilities, healthcare and agriculture forestry industries • When services are needed, the yellow pages are within reach OTHER TOP SEGMENTS 19.0% SMALL TOWN SIMPLICITY 13.6% RURAL RESORT DWELLERS • Young families and senior householders bound by community ties • Retirement looms for many of these blue collar, older householders, • Lifestyle is down-to-earth and semirural but workers are postponing retirement or returning to work to • Finances are kept simple: paying bills in person and avoiding debt maintain current lifestyles • Community-oriented residents; more conservative than middle-of- • Simple tastes and modesty the-road • Pay little attention to advertising and stick to brands they know • Price-conscious consumers that shop accordingly • Spend time with their spouses and maintain a social calendar • Passionate about their hobbies but otherwise have simple tastes ➤ N➤ © 2018 Googlle 12 © 2018 Google CAPITAL MARKETS | RETAIL PREPARED BY SEAN DOYLE CORY VILLAUME First Vice President First Vice President +1 612 336 4324 +1 612 336 4323 [email protected] [email protected] Lic. 20588764 Lic. 20591922 MATT HAZELTON ROBERT WISE First Vice President Vice President +1 612 336 4328 +1 612 336 4274 [email protected] [email protected] Lic. 40449423 Lic. 40309200 AJ PRINS First Vice President +1 612 336 4322 [email protected] Lic.