ACTUAL SITE PHOTO...The asset is a pad to the only Costco in the State of Oklahoma. The site also...

ACTUAL SITE PHOTO

The Kase GroupCOSTCO ANCHORED CENTER | NET LEASED OFFERING

103RD STREET & SOUTH MEMORIAL ROAD TULSA, OK

OFFERING MEMORANDUM Presented By: KASE ABUSHARKH | FOUNDING PRINCIPAL T: 925.348.1844 E: [email protected] BRE#01311211

JACOB ABUSHARKH | MANAGING PRINCIPALT: 415.269.2474 E: [email protected] BRE#01385529

ANDY BURNETT, CCIM | SVP, NEWMARK GRUBBT: 405.602.2934 E: [email protected]

WWW.THEKASEGROUP.COM | COSTCO ANCHORED CENTER

The material contained in this Investment Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of The Kase Group or Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Property Owner (“Owner”) in connection with the sale of the Property is The Kase Group Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Investment Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to The Kase Group.

Neither The Kase Group Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future performance of the Property. This Offering Brochure may include certain statements and estimates by The Kase Group with respect to the projected future performance of the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such es mates will be achieved. Further, The Kase Group Advisor and the Owner disclaim any and all liability for representations or warranties, ex- pressed or implied, contained in or omitted from this Investment Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner.

DISCLAIMER & CONFIDENTIALITY

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or The Kase Group Advisor, nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Investment Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Investment Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any me with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Investment Offering Brochure or making an offer to purchase the Property unless and un l the Owner executes and delivers a signed Real Estate Purchase Agreement on terms accept- able to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and The Kase Group Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

WWW.THEKASEGROUP.COM | COSTCO ANCHORED CENTER

4 INVESTMENT OVERVIEW

5 FINANCIAL SUMMARY

7 TENANT OVERVIEW

8 SITE PLAN

9 LOCATION AERIAL

10 DEMOGRAPHICS

11 AREA OVERVIEW

TABLE OF CONTENTS

KASE ABUSHARKH | FOUNDING PRINCIPAL T: 925.348.1844 E: [email protected] BRE#01311211


ANDY BURNETT, CCIM | SVP, NEWMARK GRUBBT: 405.602.2934 E: [email protected]

WWW.THEKASEGROUP.COM | COSTCO ANCHORED CENTER | 4

PROPERTY HIGHLIGHTS

OFFERING SUMMARY

This is the opportunity to purchase a newly constructed multi-tenant property. Built in 2017, the asset consists of roughly 8,709 square feet of building space and is leased to Chipotle, Mattress Firm and Cox Communications. Chipotle is subject to a 11 year net lease with four 5 year options to renew. Mattress firm is subject to a 11.5 year net lease and has two options to renew. Cox has a 10 year net lease and two 5 year options to renew.

The asset is a pad to the only Costco in the State of Oklahoma. The site also benefits from being on a commercial thoroughfare surrounded by major retailers including Target, Walmart Supercenter, and Lowe’s.

MULTI-TENANT NET LEASED OFFERING

ANCHORED BY ONLY COSTCO IN THE STATE OF OKLAHOMA

NEW 2017 CONSTRUCTION

WELL SITUATED ON A MAJOR COMMERCIAL THOROUGHFARE

DESIRABLE TULSA LOCATION

SCHEDULED INCREASES IN RENT

PRICE $5,131,600

CAP RATE 6.50%

NET OPERATING INCOME $333,554

SQUARE-FOOTAGE 8,709 SF

YEAR BUILT 2017

MARKET TULSA

INVESTMENT OVERVIEW


FINANCIAL SUMMARY

SUMMARY

TENANT NAME CHIPOTLE, MATTRESS FIRM, COX

SQUARE FOOTAGE

CHIPOTLE: 2,286 SFMATTRESS FIRM: 3,607 SFCOX: 2,816 SFTotal: 8,709 SF

LEASE TERMS

CHIPOTLE: 9/19/17 to 12/31/27MATTRESS FIRM: 6/29/17 to 12/31/28 COX: 9/19/17 to 12/31/27

ANNUAL NOI $333,554

OPTIONSCHIPOTLE: Four, 5 YearMATTRESS FIRM: Two, 5 Year COX: Two, 5 Year

COSTCO ANCHORED CENTER | NET LEASED OFFERING

103RD STREET & SOUTH MEMORIAL ROAD TULSA, OKPRICE CAP RATE

$5,131,600 6.50%


FINANCIAL SUMMARY



OPERATING SUMMARY

ANNUAL RENT

CURRENT $93,726

YEARS 8-11 $100,744

CHIPOTLE

ANNUAL RENT

CURRENT $121,556

YEAR 4-5 $128,770

MATTRESS FIRM

ANNUAL RENT

CURRENT $118,272

YEARS 6-10 $126,720

COX


CHIPOTLE

Chipotle Mexican Grill, Inc. is an American chain of fast casual restaurants in the United States, United Kingdom, Canada, Germany, and France, specializing in tacos and Mission-style burritos. Its name derives from chipotle, the Nahuatl name for a smoked and dried jalapeño chili pepper.The company currently trades on the New York Stock Exchange under the ticker symbol CMG.

With more than 2,000 locations, Chipotle had a net income of US$475.6 million and a staff of more than 45,000 employees in 2015.

MATTRESS FIRM

Mattress Firm Inc. is an American retailing company and mattress store chain founded on July 4, 1986. The headquarters of the company is located in Houston, Texas. Mattress Firm currently operates over 1,500 locations across 35 states nationwide, which makes it the largest US bedding retailer. The company is set out to be a different kind of mattress retailer; fo-cused on creating a unique shopping experience for the customer with a large selection of quality, brand name bedding products, competitive pricing and knowledgeable, well-trained associates.

COX

Cox Communications (also known as Cox Cable and formerly Cox Broadcasting Corpora-tion, Dimension Cable Services and Times-Mirror Cable) is an American privately owned subsidiary of Cox Enterprises providing digital cable television, telecommunications and Home Automation services in the United States. It is the third-largest cable television pro-vider in the United States, serving more than 6.2 million customers, including 2.9 million digital cable subscribers, 3.5 million Internet subscribers, and almost 3.2 million digital telephone subscribers, making it the seventh-largest telephone carrier in the country.Cox is headquartered at 6205 Peachtree Dunwoody Rd in Sandy Springs, Georgia, U.S., in the Atlanta metropolitan area.

TENANT OVERVIEW


SITE PLAN

SCALE:1 EXTERIOR ELEVATION

1/8"=1'-0"A3.10 EAST FACADE


1/8"=1'-0"A3.10 NORTH FACADE


1/8"=1'-0"A3.10 WEST FACADE


1/8"=1'-0"A3.10 SOUTH FACADE


1/8"=1'-0"A3.10 MONUMENT SIGN

COPYRIGHT 2016 BOCKUS PAYNE ASSOCIATESARCHITECTS, P.C. ALL RIGHTS RESERVED. THISDRAWING IS PROPERTY OF BOCKUS PAYNEASSOCIATES ARCHITECTS. ANY MODIFICATIONOR USE OF THIS DRAWING WITHOUT EXPRESSWRITTEN AUTHORIZATION OF BOCKUS PAYNEASSOCIATES ARCHITECTS, P.C. IS PROHIBITED.

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LOCATION AERIAL


1 MILE 3 MILES 5 MILES

TOTAL POPULATION 9,088 65,956 152,487

TOTAL HOUSEHOLDS 3,636 26,476 61,975

AVERAGE HOUSEHOLD INCOME $96,387 $106,782 $93,232

AVERAGE AGE 35.4 38.3 38.8

DEMOGRAPHICS


TULSA, OKLAHOMA

Tulsa is the second-largest city in the state of Oklahoma and 47th-most populous city in the United States. As of July 2015, the population was 403,505, an increase of 11,599 over that reported in the 2010 Census. It is the principal municipality of the Tulsa Metropolitan Area, a region with 981,005 residents in the MSA and 1,151,172 in the CSA. The city serves as the county seat of Tulsa County, the most densely populated county in Oklahoma, with urban development extending into Osage, Rogers, and Wagoner counties.

AREA OVERVIEW DEMOGRAPHICS 1 MILE 3 MILES 5 MILES

TOTAL HOUSEHOLDS 3,636 26,476 61,975

TOTAL POPULATION 9,088 65,956 152,487

PERSONS PER HOUSEHOLD 2.5 2.5 2.5

AVERAGE HOUSEHOLD INCOME $96,387 $106,782 $93,232

AVERAGE HOUSE VALUE $281,351 $249,970 $229,485

AVERAGE AGE 35.4 38.3 38.8

AVERAGE AGE - MALE 34.2 37.3 37.9

AVERAGE AGE - FEMALE 36 38.8 39.4

POPULATION WHITE 7,551 55,093 124,198

POPULATION BLACK 212 2,379 7,867

POPULATION HISPANIC 498 2,591 7,615

POPULATION ASIAN 525 2,812 6,108

POPULATION PACIFIC ISLANDER 0 19 70

POPULATION AMERICAN INDIAN 126 1,508 4,344

POPULATION OTHER 86 569 1,667



74133

TULSA | OKLAHOMA



KASE ABUSHARKH | FOUNDING PRINCIPAL T: 925.348.1844 E: [email protected] BRE#01311211


ANDY BURNETT, CCIM | SVP, NEWMARK GRUBBT: 405.602.2934 E: [email protected] WWW.THEKASEGROUP.COM

ACTUAL SITE PHOTO...The asset is a pad to the only Costco in the State of Oklahoma. The site also...

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