Offering Memorandum

SHERWIN WILLIAMS ANCHORED CENTER

4201-4203 N. Milwaukee AvenueChicago, Illinois 60641

N Milwaukee Ave16,200 VPD

Six Corners Intersection71,550 Total VPD

Downtown Chicago

Subject Property N Milwaukee Ave16,200 VPD

W Berteau Ave

Six Corners Intersection71,550 Total VPD

N Milwaukee Ave16,200 VPD

W Irving Park Rd28,775 VPD

N Cicero Ave26,575 VPD

Subject Property

INVESTMENT HIGHLIGHTS

� National Tenants | Sherwin Williams (“BBB” Investment Grade Credit Rating) and Service Master

� Long-Term Operating History | Sherwin Williams has 28 Years and FC-3 Productions has 18 Years of Continuous Operation

� IrreplaceableDense,InfillLocation|OverOneMillionPeople Living Within a Five-Mile Radius

� Low Replaceable Rents Averaging $9.10 per Square Foot | Offers Security and Income Growth Potential

� 600 Feet from the Heart of Portage’s Park Retail Corridor “Six Corners”

� Situated on the Hard Corner, Stoplight Intersection of Milwaukee Avenue and Berteau Avenue | 16,200 Vehicles Passing per Day

� Half a Mile from Interstate 90 Interchange | 177,650 Vehicles Passing per Day

Sherwin Williams Anchored Center4201-4203 N. Milwaukee Avenue, Chicago, Illinois 60641

Price $1,385,000 Cap Rate 7.21%Price/ SF $114.87 Gross Leasable Area 12,057 SFYear Built | Renovated 1916Lot Size 0.21 Acres +/-Parcel Numbers 13-16-413-006-0000Parking 6 Surface Spaces

Current Rent - Annualized from 4/1/2020 $109,712 Total Reimbursements $36,975 Effective Gross Income $146,687 Expenses $46,828 NOI $99,860

VITAL DATA

PROPOSED FINANCINGLTV 70%Interest Rate | Amortization 4.25% | 25 YearsDown Payment $415,500 First Trust Deed/Mortgage $969,500 Debt Service $63,026 Debt Coverage Ratio 1.58Net Cash Flow After Debt Services | Return % $36,834 | 8.86%Principal Reduction $22,252 Total Return | Return % $59,086 | 14.22%

Long OperatingHistory

AnchoredCenter

Hard CornerLocation

NationalTenants

RENT ROLL

Sherwin Williams 6,565 54.45% 11/8/1991 11/30/2026 35 Years Base Current $5,928 $71,130 $10.83 - 65% None Net

Retail, Suite 4201 - - - - - -

Notes: N/A

Service Master 3,064 25.41% 6/1/2017 8/31/2022 5 Years Base Current $1,744 $20,929 $6.83 - 19% None Net

Retail, Suite 4203 A - 9/1/2020 $1,779 $21,347 $6.97 2%

- 9/1/2021 $1,815 $21,774 $7.11 2%

Notes: N/A

Service Master 1,206 10.00% 6/1/2017 8/31/2022 5 Years Base Current $645 $7,741 $6.42 - 7% None Net

Retail, Suite 4203 B - 9/1/2020 $658 $7,896 $6.55 2%

- 9/1/2021 $671 $8,054 $6.68 2%

Notes: N/A

FC-3 Productions 1,222 10.14% 7/1/2001 1/31/2022 21 Years Base Current $798 $9,579 $7.84 - 9% None Net

Retail, Suite 4203 C - - - - - -

Notes: N/A

Occupied 12,057 100% $109,378 $9.07

Vacant 0 0% $0 $0.00

Total 12,057 100% $109,378 $9.07

Tenant /Suite #SF

Leased% of

Total SFStart End

Term of Occupancy

(Yrs)

Rent Schedule% of

Total RentRenewal Options

Lease TypePeriod Changes on

Monthly Rent

Annual Rent

Rent/ SF

Increase

CAM EXPENSE BREAKDOWN

CAM Current Per SF

Repairs & Maintenance $3,149 $0.26

Utilities $2,829 $0.23

Supplies $222 $0.02

Professional Fees $100 $0.01

Total CAM $6,300 $0.52

CASH FLOW YEAR ONE - ANNULAIZED FROM 4/1/2020Base Rent Current Per SF

Occupied Space $109,712 $9.10

Available Space $0 -

Gross Potential Rent $109,712 $9.10

Expense Reimbursements

Total Expense Reimbursements* $36,975 $3.07

Effective Gross Income $146,544 $12.15

Expenses

Real Estate Taxes $31,305 $2.60

Insurance $4,723 $0.39

CAM $6,300 $0.52

Management Fee $4,500 $0.37

Total Expenses $46,828 $3.88

Net Operating Income $99,860 $8.28

*Landlordiscurrentlycollectingafixedamountforrealestatetax,CAMandinsuranceexpense reimbursements. Per leases, tenants are obligated to pay their pro rata share of Real Estate Tax, CAM and insurance expense.

Sherwin Williams pay pro rata share of taxes, and insurance, but pays CAM direct.

Subject Property

LOCATION HIGHLIGHTS | PORTAGE PARK

� 10 Miles Northwest of Downtown Chicago

� Excellent Demographics | Population of 433,410 Within Three Miles of Subject Property with an Average Household Income of $79,208

� Named One of Chicago’s Best Neighborhoods by Chicago Magazine

� Active Business District

� Home to Notable Six-Corners Intersection | Outdoor Shopping District | Master Plan to Redevelop Area to Attract More Retail Stores and Businesses

� Plentiful Transportation | Two CTA Blue Line Stations, Network of CTA Buses and Blocks to Interstate 90

� Largest Polish Community in the Chicago Metropolitan Area | Home to the Polish American Association, the Polish Jesuit Millennium Center, and the Polish Army Veterans Association

Sherwin Williams Anchored Center4201-4203 N. Milwaukee Avenue, Chicago, Illinois 60641

DEMOGRAPHICS

Many TownDevelopments

HighlyPopulated

Near CTA Station

NearInterstate

Interstate

90

Population 1-Mile 3-Miles 5-Miles2018 Population 44,232 433,410 1,068,5422023 Population 43,751 426,052 1,056,244

Households 1-Mile 3-Miles 5-Miles2018 Households 16,538 148,364 398,6242023 Households 16,586 149,044 402,118

Daytime Population 1-Mile 3-Miles 5-Miles2018 Population 32,815 316,084 866,675

Income 1-Mile 3-Miles 5-Miles2018 Median HH Income $62,407 $57,988 $61,2322018 Average HH Income $84,495 $79,208 $89,682

SIX CORNERS ASSOCIATION MASTER DEVELOPMENT

� Attract Retail Stores and Businesses to Six Corners that Appeal to the Diversity of Households in that Area

� Recognize and Enhance the Cultural and Entertainment Offerings in Six Corners

� Upgrade Building Facades and Storefronts

� Plan for the Redevelopment of Key Opportunity Sites

� Enhance the Pedestrian Environment, Making it Easier for Patrons to Park their Cars and Circulate Safely Around the Shopping District

� Develop Attractive Outdoor Spaces that Encourage Patrons to Gather

The Point is a brand new retail development located on the southeast corner of Irving Park Road and Milwaukee Avenue, which is a half block away from the subject property. This 100,000-square footdevelopmentwillconsistofretailspaceonthegroundfloor,anchored by Aldi and Ross Dress for Less with small additional smallershopretailers.Thesecondfloorwillconsistof265parkingspaces. Asking rents for this retail development are mid $30’s per square foot triple-net for small shop retailers and mid $20’s per square foot for the larger retail spaces.

THE POINT | 4747 WEST IRVING PARK ROAD

PORTAGE SQUARE | 4901-4947 WEST IRVING PARK ROAD

Portage Square at Six Corners is a retail redevelopment located along Irving Park Road between Lamon Avenue and Lavergne Avenue, which is across the street from the subject property. This 2.7-acre retail redevelopment is anchored by Binny’s Beverage Depot (27,856 square feet) and Retro Fitness Gym (10,764 square feet), and includes a new Culver’s Restaurant and Elly’s Pancake House Restaurant, with additional retail space. The remaining land consists of a surface parking lot with 190 spaces.

SEARS (POTENTIAL REDEVELOPMENT)

� Global Paint Retail Store DBA Sherwin Williams

� Leader in the Manufacture, Development, Distribution and Sale of Paint Tenant/Guarantor Sherwin Williams Company

� Sales Increased $2.55 Billion, or 17%, to a Record $17.53 Billion in 2018 Number of Locations 5.100

� Expect 2019 Sales to Increase Four to Seven Percent Compared to 2018 Stock Symbol | Board SHW | NYSE

� Fortune 500 Company in the General Building Materials Industry Credit Rating | Agency BBB

sherwinwilliams.com � Founded in 1866 | Headquartered in Cleveland, Ohio

� Leader in Commercial and Residential Property Restoration Services DBA Service Master Restore

� $1.9 Billion in Revenue | Eight Percent Revenue Growth Tenant/Guarantor Service Master of Lincoln Park

� Over 6,000 Locations | Operating in 25 Countries Number of Locations 6,000+

� Headquartered in Memphis, Tennessee Stock Symbol | Board SERV | NYSE

� Founded in 1947 Credit Rating | Agency BB-

servicemaster.com

TENANT OVERVIEWS

W Irving Park Rd28,775 VPD

N Milwaukee Ave16,200 VPD

N Cicero Ave26,575 VPD

Six Corners Intersection71,550 Total VPD

Subject Property

AERIAL

REGIONAL MAP

Subject Property

Lake Michigan

SITE PLAN

FC-3 PRODUCTIONS

CONFIDENTIALITY AGREEMENT

TheinformationcontainedinthefollowingMarketingBrochureisproprietaryandstrictlyconfidential.Itisintendedtobereviewedonlybythe party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus&Millichap.ThisMarketingBrochurehasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andto 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. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to theincomeorexpensesforthesubjectproperty,thefutureprojectedfinancialperformanceoftheproperty,thesizeandsquarefootageofthe property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federalregulations,thephysicalconditionoftheimprovementsthereon,orthefinancialconditionorbusinessprospectsofanytenant,orany tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure hasbeenobtainedfromsourceswebelievetobereliable;however,Marcus&Millichaphasnotverified,andwillnotverify,anyoftheinformation contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE

Marcus&Millichapisnotaffiliatedwith,sponsoredby,orendorsedbyanycommercialtenantorlesseeidentifiedinthismarketingpackage.Thepresenceofanycorporation’slogoornameisnotintendedtoindicateorimplyaffiliationwith,orsponsorshiporendorsementby,saidcorporationofMarcus&Millichap,itsaffiliatesorsubsidiaries,oranyagent,product,service,orcommerciallistingofMarcus&Millichap,and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2019 Marcus & Millichap. All Rights Reserved. Activity ID: ZAA0670664

Exclusively Listed By

STEVEN WEINSTOCKBROKER OF RECORD

Chicago Oakbrook(630) 570-2250

(630) 570-2323 faxsteven.weinstock@marcusmillichap.com

IL 471.011175

SEAN SHARKOSENIOR VICE PRESIDENT INVESTMENTSChicago Oakbrook(630) 570-2238sean.sharko@marcusmillichap.com IL 471.010712

AUSTIN WEISENBECKSENIOR VICE PRESIDENT INVESTMENTSChicago Oakbrook(630) 570-2169austin.weisenbeck@marcusmillichap.com IL 475.140200

ADRIAN MENDOZAFIRST VICE PRESIDENT INVESTMENTSChicago Oakbrook(630) 570-2163adrian.mendoza@marcusmillichap.com IL 475.147980

Subject Property