NEW “SMART BRANCH” CONCEPT...decades include the Milwaukee Riverwalk, the Wisconsin Center,...

BMO HARRIS BANK

OFFERED AT $2,027,000 | 6% CAP

MILWAUKEE, WI

OFFERED AT: $1,808,000 | 5.50% CAP

INVESTMENT OPPORTUNITY

NEW “SMART BRANCH” CONCEPT

Actual Property

EXECUTIVE SUMMARY PROPERTY INFORMATION AREA OVERVIEWTENANT OVERVIEW

BMO HARRIS BANK | Milwaukee, WI | 2

TABLE OF CONTENTS

4 Executive Summary5 Investment Highlights6 Lease Summary & Rent Overview7 Lease Abstract

EXECUTIVE SUMMARY

9 Location Maps10 Site Plan11 Property Photos12 Aerials

PROPERTY INFORMATION

21 Milwaukee Overview22 Demographics

Confidentiality Agreement & Disclosures

AREA OVERVIEW

Color Scheme

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GOTHAM/ BLACKGOTHAM/ MEDIUMGOTHAM/ LIGHT

CMYK C:0 / M:100 / Y:65 / K:47

RGB R:145 / G:0 / B:40

CMYK C:0 / M:0 / Y:0 / K65

RGB R:119 / G:120 / B:123

18 About BMO Harris Bank

TENANT OVERVIEW

BROKER OF RECORD: Lee & Associates of Madison, LLC

WI Brokers Lic# 701361-91

RYAN BARRPrincipal

[email protected]

RYAN BENNETTPrincipal

[email protected]

EXCLUSIVELY LISTED BY

Actual Property

TODD WALLERPrincipal

[email protected]

LOCAL MARKET EXPERT

EXECUTIVE SUMMARY

BMO HARRIS BANK | Milwaukee, WI




PROPERTY OVERVIEWAddress: 3637 W Fond Du Lac

Milwaukee, WIProperty Size: Approx 2,216 Sq. Ft.Land Size: Approx 12,209 Sq. Ft.

Ownership: Fee Simple (Land, Building)

Year Built: 2017

INVESTMENT HIGHLIGHTSOffering Price: $1,808,000Net Operating Income: $99,454Cap Rate: 5.50%Price/SF: $815Lease Type: Absolute Triple-Net (NNN)

Lee & Associates is pleased to exclusively offer for sale, the fee simple interest (land & building) in a BMO Harris Bank property located in Sherman Park Neighborhood of Milwaukee, WI (the “Property”). Built in 2017, the Property consists of a 2,216-square-foot retail building with a drive-thru teller lane that sits on an approximately 12,209-square-foot parcel.

The subject property is leased to BMO Harris Bank. Established in 1882 as Harris Bank, and owned by BMO Financial Group (TSX, NYSE: BMO) since 1984, BMO Harris Bank has grown to become one of the largest banks in the Midwest serving personal, commercial and affluent customers. BMO is the eighth largest bank in North America by assets, with total assets of $710 billion and provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers.

This asset shows off BMO’s new “Smart Branch” concept — the first such branch in Wisconsin. The “Smart Branch” Concept provides customers with a new and engaging environment that brings together high-tech convenience and personal service to customers such as video conferencing, smart ATMs, laptops & tablets, and free WIFI, in a unique, open building format tailored to fit customer’s evolving needs (see page 19).

The subject property is a new build-to-suit and a relocation site for BMO Harris Bank, built in late 2017. It sits across the street from a former site where BMO (formerly M&I Bank) conducted business for nearly 58 years, continuing BMO’s long -term community partnership with the Sherman Park neighborhood.

The new absolute NNN lease has 12 years remaining and features 2% annual rent increases, providing an investor with a safe and creditworthy passive investment with aggressive rent growth.

The subject property is located within the Milwaukee neighborhood of Sherman Park along W. Fond Du Lac Avenue. This corridor is the main traffic corridor, offering excellent visibility and signage to over 24,000 cars per day. Additionally, the property is located on the hard corner intersection of W. Fond Du Lac Ave and N. 37th St, a location that offers multiple access points into the property for easy in/out entry to the property.

This investment property is located in the city of Milwaukee, WI. Milwaukee is the largest city in the state of Wisconsin with an estimated population in 2017 of 595,351, and the fifth-largest city in the Midwestern United States. It is located on Lake Michigan’s western shore. Milwaukee is the main cultural and economic center of the Milwaukee metropolitan area. Milwaukee is the second-most densely populated metropolitan area in the Midwest, surpassed only by Chicago.

The city is undergoing its largest construction boom since the 1960s. Major new additions to the city in the past two decades include the Milwaukee Riverwalk, the Wisconsin Center, Miller Park, an expansion to the Milwaukee Art Museum, Milwaukee Repertory Theater, and Pier Wisconsin, as well as major renovations to the UW–Milwaukee Panther Arena. The Fiserv Forum, a multi-purpose arena that is the home of the Milwaukee Bucks of the National Basketball Association (NBA) and the Marquette Golden Eagles men’s basketball team of Marquette University, opened in late 2018

-- OFFERING SUMMARY --

• Offering Summary • Investment Highlights Lease Summary & Rent Schedule Lease Abstract



-- INVESTMENT HIGHLIGHTS --

• Investment Highlights •Offering Summary Lease Summary & Rent Schedule Lease Abstract

INVESTMENT GRADE CREDIT TENANT: BMO HARRIS BANK (S&P: A+) • 8TH LARGEST BANK IN NORTH AMERICAThe subject property is leased to BMO Harris Bank. Established in 1882 as Harris Bank, and owned by BMO Financial Group (TSX, NYSE: BMO) since 1984, BMO Harris Bank has grown to become one of the largest banks in the Midwest serving personal, commercial and affluent customers. BMO is the eighth largest bank in North America by assets, with total assets of $710 billion and provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers (see page 18).

BMO’S NEW “SMART BRANCH” CONCEPT • FIRST “SMART BRANCH” LOCATION IN THE STATE OF WISCONSIN BMO’s “Smart Branch” concept — the first such branch in Wisconsin – provides customers with a new and engaging environment that brings together high-tech convenience and personal service to customers such as video conferencing, smart ATMs, laptops & tablets, and free WIFI, in a unique, open building format tailored to fit customer’s evolving needs (see page 19).

NEW BUILD TO SUIT CONSTRUCTION • RELOCATION SITE • 13 YEAR ABSOLUTE NNN LEASE • 2% ANNUAL RENT INCREASESThe subject property is a new build-to-suit and a relocation site for BMO Harris Bank, built in late 2017. It sits across the street from a former site where BMO (formerly M&I Bank) conducted business for nearly 58 years, continuing BMO’s long -term community partnership with the Sherman Park neighborhood. The new absolute NNN lease has 12 years remaining and features 2% annual rent increases, providing an investor with a safe and creditworthy passive investment with aggressive rent growth.

LOCATED IN THE SHERMAN PARK NEIGHBORHOOD ALONG W. FOND DU LAC (24,000+ CPD) • MAJOR TRAVEL CORRIDOR • MULTIPLE ACCESS POINTSThe subject property is located within the Milwaukee neighborhood of Sherman Park along W. Fond Du Lac Avenue. This corridor is the main traffic corridor, offering excellent visibility and signage to over 24,000 cars per day. Additionally, the property is located on the hard corner intersection of W. Fond Du Lac Ave and N. 37th St, a location that offers multiple access points into the property for easy in/out entry to the property.

DENSE INFILL LOCATION • OUTSTANDING SURROUNDING DEMOGRAPHICSThe dense infill site offers outstanding demographics, with over 235,000 people living within a 5-mile radius of the subject property with an average household income of $51,427, lending well to the tenant’s concept and supporting its continued success.

LOCATED IN MILWAUKEE • LARGEST CITY IN WISCONSIN • NEW CONSTRUCTION BOOM The subject property is located in Milwaukee, WI. Milwaukee is the largest city in the state of Wisconsin with an estimated population in 2017 of 595,351, and the fifth-largest city in the Midwestern United States. It is located on Lake Michigan’s western shore. Milwaukee is the main cultural and economic center of the Milwaukee metropolitan area. Milwaukee is the second-most densely populated metropolitan area in the Midwest, surpassed only by Chicago.The city is undergoing its largest construction boom since the 1960s. Major new additions to the city in the past two decades include the Milwaukee Riverwalk, the Wisconsin Center, Miller Park, an expansion to the Milwaukee Art Museum, Milwaukee Repertory Theater, and Pier Wisconsin, as well as major renovations to the UW–Milwaukee Panther Arena. The Fiserv Forum, a multi-purpose arena that is the home of the Milwaukee Bucks of the National Basketball Association (NBA) and the Marquette Golden Eagles men’s basketball team of Marquette University, opened in late 2018.

DOWNTOWN MILWAUKEE

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-- LEASE SUMMARY --

LEASE INFORMATION

TENANT: BMO Harris Bank

GUARANTY: Corporate

CREDIT: S&P: A+

BUILDING SIZE: 2,216 Sq. Ft.

LOT SIZE: 0.28 Acres

RENT COMMENCEMENT: April 27, 2017

LEASE EXPIRATION: April 26, 2030

BASE TERM: 13 Years

REMAINING LEASE TERM: 12 Years

OPTIONS TO RENEW: None

RENT INCREASES: 2% Annual Increases

LEASE TYPE: Absolute Triple-Net (NNN)

LANDLORD RESPONSIBILITIES: None

ANNUAL RENT: $99,454

-- RENT SCHEDULE --

LEASE TERM

TERM START DATE END DATE NOI/YR NOI/MO NOI/SF/YR

Year 2 4/27/2018 4/26/2019 $99,454.08 $8,287.84 $44.88

Year 3 4/27/2019 4/26/2020 $101,443.16 $8,453.60 $45.77

Year 4 4/27/2020 4/26/2021 $103,472.02 $8,622.67 $46.69

Year 5 4/27/2021 4/26/2022 $105,541.46 $8,795.12 $47.62

Year 6 4/27/2022 4/26/2023 $107,652.30 $8,971.02 $48.58

Year 7 4/27/2023 4/26/2024 $109,805.34 $9,150.44 $49.55

Year 8 4/27/2024 4/26/2025 $112,001.45 $9,333.45 $50.54

Year 9 4/27/2025 4/26/2026 $114,241.48 $9,520.12 $51.55

Year 10 4/27/2026 4/26/2027 $116,526.31 $9,710.52 $52.58

Year 11 4/27/2027 4/26/2028 $118,856.83 $9,904.73 $53.63

Year 12 4/27/2028 4/26/2029 $121,233.96 $10,102.83 $54.70

Year 13 4/27/2029 4/26/2030 $123,658.64 $10,304.88 $55.80

Investment HighlightsOffering Summary • Lease Summary & Rent Schedule • Lease Abstract



-- LEASE ABSTRACT --

Triple Net Lease:Tenant shall be responsible for and pay all costs, expenses and obligations of every kind and nature whatsoever relating to the Premises, the appurtenances to the Premises, and the use and occupancy of the Premises, including all Taxes and assessments iimposed on the Land and the Building, all Building operating expenses, costs of all electricity, gas, water and sewer utilties, and all maintenance, repairs and upkeep needed to keep the Building and the Land, and all Building Improvements and Land Improvements, in good working order and repair.

Property Taxes:Tenant shall pay, prior to the earlier of delinquency or the accrual of interest on the unpaid balance, all taxes and assessments of every type or nature assessed against, imposed upon or arising with respect to the Premises, this Lease, the rental or other payments due under this Lease or Tenant during the Lease Term, including, without limitation all taxes and assessments upon the Premises or any part of the Premises and upon any Personal Property at the Premises belonging to Tenant, or any tax or charge levied in lieu of such taxes and assessments.

Insurance:Tenant shall maintain with respect to the Premises, at its sole expense, the following types and amounts of insurance: Property Insurance, Commercial General Liability Insurance of not less than $1,000,000 per injury and occurrence, State Worker’s Compensation Insurance in the statutorily mandated limit, and Employer’s Liability Insurance with limits not less than $500,000, and such other insurance as may be necessary to comply with applicable laws.

Utilities: Tenant shall pay when due all charges for the connection and use of water, gas, electricity, telephone, garbage collection, sewer use and other utility services supplied to the Premises during the Lease Term.

Estoppel Certificate: Tenant shall, promptly and in no event later than fifteen ( 15) days after a request from Landlord or Lender, execute, acknowledge and deliver to Landlord or Lender a certificate in the form supplied by Landlord, Lender or any present or proposed mortgagee or purchaser designated by Landlord, an estoppel certificate detailing the terms of the Lease.

Investment HighlightsOffering Summary Lease Summary & Rent Schedule • Lease Abstract •

PROPERTY INFORMATION





-- LOCATION MAPS --

• Location Maps • AerialsSite Plan Property Photos

Rockford

Naperville

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Racine

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Madison

Chicago

Janesville

Milwaukee UnionCemetery

W Lisbon Ave

MarquetteUniversity

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Eagle Express Lines

United Milwaukee Scrap

Milwaukee CountyTransit Systems

North DivisionHigh School

Felmers O. Chaney Correctional Center

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Francis StarmsDiscovery Learning Milwaukee County

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Feeding AmericaEastern Wisconsin

Aurora SinaiMedical Center

Milwaukee CountyHealth & Humane Svcs

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WisconsinCommunity Svcs

Wisconsin Conservatory

E North Ave

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W. Burleigh St E. Burleigh St

Brown StreetAcademy

Roosevelt Middle School of the Arts

Harley Davidson Museum

PotawatomiHotel & Casino

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Rufus King Int’lMiddle School

Keefe AvenueElementary School

MilwaukeePolice Dept

UMS Trucking



-- SITE PLAN --

Location Maps Aerials• Site Plan • Property Photos

N. 3

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-- PROPERTY PHOTOS --

Looking at Property from W Fond Du Lac

Entrance to Lobby of Subject Property Parking Along West Side of Property Drive Up ATM Lane

Site PlanLocation Maps Aerials• Property Photos •



-- OVERHEAD VIEW --

W FOND DU LAC AVE (24,000 CPD)

N 37TH ST

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MILWAUKEEPOLICE DEPT

Location Maps • Aerials •Site Plan Property Photos

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SYMET, INC.

SHERMAN PARKSENIOR LIVING CENTER

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W FOND DU LAC AVE (24,000 CPD)W FOND DU LAC AVE (24,000 CPD)

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LOGEMANNBROTHERS

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PAK TECHNOLOGIES

MILWAUKEE DEPTOF PUBLIC WORKS

BUSINESS & ECONOMICSACADEMY OF MILWAUKEE

• BOELTER FOODSERVICE• FLORSHEIM• WEYCO GROUP• FORRER BUS INTERIORS• MAGLIO COMPANIES

• JENNARO BROTHERS• BIECK MANAGEMENT• BRIGGS & STRATTON• ONCOURSE INFO SVCS• MILWAUKEE CYCLING CTR

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• LUDELL MANUFACTURING• BADGER ALLOYS• PRIME DIGITAL MEDIA• CREATIVE ENTERPRISES• MILWAUKEE CABINETRY

RESERVE ATWAUWATOSA VILLAGE

BLUE MOUND GOLF & COUNTRY CLUB

MAYFAIR MALL MAYFAIR COLLECTION

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MILWAUKEE MARSHALLHIGH SCHOOLIMPERIAL APARMENTS

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TOWNSENDPUBLIC SCHOOL

SYMET, INC.UNITED MILWAUKEE

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BARACK OBAMASCHOOL OF CAREER

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PARKLAWN ASSEMBLYOF GOD CHURCH

TENANT OVERVIEW





Established in 1882 as Harris Bank, and owned by BMO Financial Group (TSX, NYSE: BMO) since 1984, BMO Harris Bank has grown to become one of the largest banks in the Midwest serving personal, commercial and affluent customers.

BMO Harris Bank provides a broad range of personal banking products and solutions through over 600 branches, and fee-free access to over 43,000 ATMs across the United States. These include solutions for everyday banking, financing, investing, as well as a full suite of integrated commercial and financial advisory services. BMO Harris Bank’s commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. We partner closely with BMO Private Bank who serve a full range of client segments, from mainstream to ultra-high net worth, with a broad offering of wealth management products and solutions offered through offices across the United States.

We focus on building relationships with a vision to be the bank that defines great customer experience — building that reputation with new customers and deepening it with existing customers. We’re building our presence and making it easier for customers to do business with us through an integrated network of branches, mobile banking, online banking and ATMs, along with the expertise of our mortgage specialists, commercial bankers and financial planners. Our goal in everything we do is to help our customers make sense of complexity, make better choices in investing, saving and borrowing and have confidence. We help our customers make money make sense by delivering the broadest range of financial services. And, we have a deep commitment to the communities where our employees work and live.

• About BMO Harris Bank •

-- About BMO Harris Bank --

COMPANY OVERVIEW

U.S. Holding Company: BMO Financial Corp.

Founded: 1817

Sales Revenues: $21 Billion (2017)

Net Income: $5.5 Billion (2017)

Total Assets: $710 Billion (2017)

Customers: 12 Million

Branches: Over 570 in Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Florida, and Wisconsin

ATMs: 43,000

Employees:: 14,000+

Headquarters: Chicago, IL

Website: www.bmoharris.com

ASSET INFORMATION (U.S. Dollars)

Business Quarterly Ending (Q2) Period Ending

BMO Harris Bank N.A. $112 billion $113.2 billion

BMO Financial Corp. $136.6 billion $139.4 billion

BMO Financial Group - U.S. $220.4 billion N/A

BMO Financial Group $586.5 billion $588.8 billion



With consumers doing more of their banking online, many banking companies have started to drastically reduce their branch footprints and bring more technology into the in-person experience. BMO has been heavily focused on investing in both its digital and physical channels to enhance every customer touch

point. The result: the “Smart Branch” concept.The new “Smart Branch” formats provide customers with digital experiences that fit everyday lifestyles while freeing up branch teams to spend more time engaging with customers. Bankers are always on-site and available to answer questions, provide financial advice and assist with the new bank technology.Conveniences and amenities found at smart branches include:

• ATMs that offer customers options for Mobile Cash withdrawals without use of a debit card• Customers have the option of selecting their money denomination when withdrawing funds• Bankers equipped with laptops and tablets to help customers with the new bank technology and provide assistance

for their financial needs• Bankers can issue debit/ATM cards instantly in the branch• Public WiFi is available to allow customers the convenience of using mobile devices to conduct their banking• The branch also has an office for mortgage bankers or business partners to take appointments, a processing room

and a drive-up Smart ATM

• About BMO Harris Bank •

-- BMO Harris Bank - New “Smart Branch” Concept --

At around 2,000 square feet, this model may be used as a de novo or to “right-size” branches in existing markets.Video tellers are live agents that support the same authentication protocols and transactions as an in-branch teller. They also perform some traditional platform functions such stops on cards or changing account information. If a sales referral opportunity arises or a transaction requires branch staff (such as card reissue) tellers will message a branch associate. That associate joins the teller and customer at the ATM for a warm hand-off.BMO Harris is also relying on experts available through live video to deliver some products, such as financial advisers. Branch staff can see if the adviser is available and initiate a video call. One-time sales, such as mortgage products, may be handled by a central call center in the future.BMO Harris’ goal is for staff never to handle cash in smart branches. A current exception to that is meeting some of the coin and currency needs of business customers. The staff operates as universal associates, which involves conversation, guidance, assistance and account opening as well as assisting with using video tellers if needed and participating in video calls to expert specialists.Customer Wi-Fi allows branch staff to walk customers, on their own devices, through transactions like mobile check deposit. Customers can use their mobile phones to make cash withdrawals from ATMs. And bankers use tablets to educate customers so that customers can handle their own transactions from home.

BMO Harris Bank’s new Sherman Park branch is the first Wisconsin location to feature BMO’s Smart Branch concept.

Source: ABA Bank Marketing

AREA OVERVIEW





-- MILWAUKEE OVERVIEW --

• Milwaukee Overview • Demographics Overview

Milwaukee is the largest city in the state of Wisconsin and the fifth-largest city in the Midwestern United States. It is located on Lake Michigan’s western shore, at the confluence of three rivers: the Menomonee, the Kinnickinnic, and the Milwaukee. Ranked by estimated 2014 population, Milwaukee was the 31st largest city in the United States. The city’s estimated population in 2017 was 595,351. Milwaukee is the main cultural and economic center of the Milwaukee metropolitan area. It is also part of the larger Milwaukee-Racine-Waukesha combined statistical area, which had an estimated population of 2,026,243 in the 2010 census. Milwaukee is the second-most densely

populated metropolitan area in the Midwest, surpassed only by Chicago. In 2012, Milwaukee was listed as a gamma global city by the Globalization and World Cities Research Network.

Milwaukee began as a Great Lakes port in 1835, when the first commercial cargo vessel called at the struggling new village on the west shore of Lake Michigan. Settlers and traders were drawn to the site because of its Indian population, its access to the “western frontier” afforded by three separate streams; and the three great rivers (noted above) which flow into Lake Michigan at a central Point in Milwaukee harbor. The streams, have since been intensively developed with dock facilities, and expanded by dredging and channel improvements, and have become the focal point of a substantial commercial and industrial harbor development, handling millions of tons of commerce annually.

SOMETHING’S BREWING • MILWAUKEE’S BEER INDUSTRYSynonymous with beer since the 1850s thanks to an influx of German immigrants, the city’s beery side still bubbles strong. Brew-loving travelers can tour both the Miller and the Lakefront breweries, have a draft at Best Place in former Pabst headquarters and sample the new wave of craft brews at the many local pubs. The German history also comes through in the local obsessions with sausages and dairy: get brats and beer cheese soup at Milwaukee Brat House and sample local cheeses at Uber Tap Room.

Milwaukee is home to a variety of themed, seasonal festivals celebrating Milwaukee’s history and diversity, earning it its nickname, the “City of Festivals.” The city hosts the Wisconsin State Fair, as well as the annual Summerfest, one of the largest music festivals in the country. Other festivals include PrideFest, the Great Circus Parade, Bastille Days, Festa Italiana, German Fest, Polish Fest and a number of other ethnically themed festivals celebrating Greek, African, Arab, Irish and Mexican cultures.

PORT OF MILWAUKEE AN ECONOMIC DRIVERThe Port of Milwaukee is southeastern Wisconsin’s transportation and distribution hub, playing a major role in the long-term economic stability and growth of the City of Milwaukee and the State of Wisconsin.

• 1,100+ Direct Jobs• 900+ Indirect Jobs• $79.6 Million in Business Revenue• $35 Million in Federal, State & Local Taxes• Serviced by two major railroads (Union Pacific and Canadian Pacific)• NO limitation to any size vessel that can service the Great Lakes/ St. Lawrence System, either lake or foreign vessels.• Direct interstate highway access.• Inland river barges – access to the Mississippi and other inland rivers.• Increased Milwaukee area tourism - over 100,000 passengers yearly

Milwaukee Named One of Lonely Planet’s “Best in the U.S.” for 2016 - Read More

The Milwaukee Riverwalk System will extend 3.1 miles along both sides of the Milwaukee River, from the site of the former North Avenue Dam, through Downtown and the Historic Third Ward to Lake Michigan. It draws a mix of high-end residential, commercial and recreational venues to its shoreline therefore creating a highly active, pedestrian environment along the river.

FORTUNE 500 HEADQUARTERSMilwaukee is home to the international headquarters of many large companies and ranks 5th for number of Fortune 500 companies per capita. In addition the city has a high number of financial service firms, publishing and printing companies, as well as a vibrant healthcare industry. Fortune 500 companies in Milwaukee include:

• Johnson Controls #66• Northwestern Mutual #109• Manpower Group #144• Rockwell Automation #409• Harley-Davidson #431

Source: www.city.milwaukee.gov

The name Milwaukee comes from the Algonquin word millioke, meaning “the good land.”

https://urbanmilwaukee.com/pressrelease/milwaukee-named-one-of-lonely-planets-best-in-the-us-for-2016/



-- DEMOGRAPHICS --

• Milwaukee Overview • • Demographics •

Demographic Source: Applied Geographic Solutions 04/2018, TIGER Geography page 1 of 1©2018, Sites USA, Chandler, Arizona, 480-491-1112

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SUMMARY PROFILE2000-2010 Census, 2018 Estimates with 2023 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 43.0763/-87.9593RS1

3637 W Fond Du Lac Ave1 mi radius 3 mi radius 5 mi radius

Milwaukee, WI 53216

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2018 Estimated Population 31,651 235,050 507,906

2023 Projected Population 32,646 234,512 497,951

2010 Census Population 31,479 232,424 503,512


Projected Annual Growth 2018 to 2023 0.6% - -0.4%

Historical Annual Growth 2000 to 2018 -0.7% -0.3% -0.1%

2018 Median Age 30.1 31 31.9

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2018 Estimated Households 11,037 91,155 206,178

2023 Projected Households 11,964 95,335 211,732

2010 Census Households 10,681 87,483 197,486


Projected Annual Growth 2018 to 2023 1.7% 0.9% 0.5%

Historical Annual Growth 2000 to 2018 -0.3% - 0.2%

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THN

ICIT

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2018 Estimated White 5.4% 23.1% 43.0%

2018 Estimated Black or African American 89.6% 67.6% 42.5%

2018 Estimated Asian or Pacific Islander 1.3% 4.0% 4.8%

2018 Estimated American Indian or Native Alaskan 0.3% 0.4% 0.6%

2018 Estimated Other Races 3.3% 5.0% 9.2%

2018 Estimated Hispanic 3.0% 5.1% 13.5%

INC

OM

E 2018 Estimated Average Household Income $42,307 $51,427 $64,995

2018 Estimated Median Household Income $32,018 $38,607 $48,338

2018 Estimated Per Capita Income $14,850 $20,201 $26,656

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UC

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2018 Estimated Elementary (Grade Level 0 to 8) 4.1% 4.2% 4.8%

2018 Estimated Some High School (Grade Level 9 to 11) 13.3% 12.0% 9.5%

2018 Estimated High School Graduate 34.9% 30.2% 26.0%

2018 Estimated Some College 25.8% 23.5% 21.0%

2018 Estimated Associates Degree Only 7.3% 7.5% 7.1%

2018 Estimated Bachelors Degree Only 9.3% 14.4% 19.5%

2018 Estimated Graduate Degree 5.2% 8.2% 12.0%

BU

SIN

ES

S 2018 Estimated Total Businesses 602 6,149 20,344

2018 Estimated Total Employees 6,312 74,085 294,684

2018 Estimated Employee Population per Business 10.5 12.0 14.5

2018 Estimated Residential Population per Business 52.5 38.2 25.0BU

SIN

ES

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2018 Estimated Residential Population per Business 52.5 38.2 25.0Demographic Source: Applied Geographic Solutions 04/2018, TIGER Geography page 1 of 1©2018, Sites USA, Chandler, Arizona, 480-491-1112

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2018 Estimated Residential Population per Business 52.5 38.2 25.0

Lee & Associates hereby advises all prospective purchasers of Net-Leased Invesment property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Lee & Associates has not and will not verify any of this information, nor has Lee & Associates conducted any investigation regarding these matters. Lee & Associates makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of an investment property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase.This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Lee & Associates expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of an investment property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any investment property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Lee & Associates and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this investment property.

EXCLUSIVELY LISTED BY

No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice.

BARR&BENNETTNETLEASEDINVESTMENTS

A Lee & Associates Team

RYAN BARRPrincipal

[email protected]

RYAN BENNETTPrincipal

[email protected]

TODD WALLERPrincipal

[email protected]

BROKER OF RECORD: Lee & Associates of Madison, LLC

WI Brokers Lic# 701361-91


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