Retail & Restaurant Opportunity NEW SHOPS, PAD and DRIVE-THRU AVAILABLE. W/NWC Scottsdale Rd & Thomas Rd Scottsdale, AZ

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1 Retail & Restaurant Opportunity NEW SHOPS, PAD and DRIVE-THRU AVAILABLE W/NWC Scottsdale Rd & Thomas Rd Scottsdale, AZ N

2 Contact Zachary Pace Senior Vice President (602) Property Size ±1.38 acres Available Pads and shops Ground lease or build-to-suit Rates Please call for rates Property Details Zoning C-3, City of Scottsdale Traffic Counts N: ±31,200 VPD (NB & SB) S: ±41,925 VPD (NB & SB) E: ±27,300 VPD (EB & WB) W: ±25,900 VPD (EB & WB) *Scottsdale 2014 / ADOT 2015 Property Highlights Located minutes from Old Town Scottsdale. Dense and well-established surrounding neighborhoods in all directions. Excellent visibility to Thomas Road. 6 new multi-family projects under construction with 793 units in a 1-mile radius. 2 proposed multi-family projects with 354 units in a 1-mile radius. Ground lease or build-to-suit development opportunity. Full access from all directions, left-in and left-out. Excellent visibility to Scottsdale Road East Camelback Road, Suite 340 Phoenix, Arizona P F The information contained herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only, and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. [37] NOV 22, 2016

3 Site Plan - Option 1 Contact Zachary Pace Senior Vice President (602) site plan not drawn to scale N

4 Site Plan - Option 2 Contact Zachary Pace Senior Vice President (602) site plan not drawn to scale N

5 Site Plan - Option 3 Contact Zachary Pace Senior Vice President (602) site plan not drawn to scale N

6 Scottsdale Rd & Thomas Rd Scottsdale, AZ N This map was produced using data from private and governmental sources deemed to be reliable. The information herein is provided without representation or warranty.

7 Scottsdale Rd & Thomas Rd Scottsdale, AZ N This map was produced using data from private and governmental sources deemed to be reliable. The information herein is provided without representation or warranty.

8 1 Miles 3 Miles 5 Miles Population Summary 2010 Total Population 17,347 91, , Total Population 19, , , Group Quarters , Total Population 21, , , Annual Rate 1.77% 1.59% 1.68% 2017 Total Daytime Population 24, , ,399 Workers 16,039 79, ,268 Residents 8,113 45, ,131 Household Summary 2010 Households 8,156 44,092 97, Average Household Size Households 9,135 48, , Average Household Size Households 9,967 52, , Average Household Size Annual Rate 1.76% 1.57% 1.73% 2010 Families 3,332 19,725 43, Average Family Size Families 3,630 21,263 47, Average Family Size Families 3,909 22,716 51, Average Family Size Annual Rate 1.49% 1.33% 1.42% Median Household Income 2017 $45,598 $50,071 $44, $52,472 $55,352 $50,970 Average Household Income 2017 $62,214 $71,959 $68, $72,737 $81,438 $77,805 Contact Zachary Pace Senior Vice President (602) Demographics Latitude: Longitude: Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022 Esri converted Census 2000 data into 2010 geography.

9 ! Urban luxury: 12 projects headed for south Scottsdale Developers continue to propose plans for south Scottsdale at a staggering pace, with several more housing and commercial projects unveiled over the past few months, according to city records. Plans for more high-end condos and townhouses will mean more residents in the city's bustling downtown area, which is already in the middle of a significant population boom. Multiple redevelopment projects also will create more retail and office space. Backhoes, cranes and scaffolding have become an increasingly-familiar sight around south Scottsdale, which has emerged in post-recession years as one of the Valley's hottest spots for development. Last fall, plans for new downtown projects worth more than $275 million were submitted to city planners, including a five-story luxury hotel with a rooftop pool near Scottsdale and Camelback roads. Here are 12 new projects recently submitted to the city for zoning or for design approval. 2nd Street Square (Photo: DPA Architects) Location: Southwestern corner of Scottsdale Road and 2nd Street. This mixed-use project features space for two ground-floor retail shops and four high-end condominiums on the second and third stories. It would replace a lot that has sat vacant for years in the heart of Old Town Scottsdale. Construction should start in mid-2016, with a proposed opening date of January 2017, development partner Kirk Zenk said. The project has appropriate zoning in place but still requires approval from the city's Development Review Board. Source: "1

10 !! Urban luxury: 12 projects headed for south Scottsdale Scottsdale Stadium homes (Photo: Scottsdale Development Review) Location: 3510 N. Miller Road, adjacent to Scottsdale Stadium. Taylor Morrison plans to build 24 urban-style homes on a vacant two-acre lot on the east side Scottsdale Stadium, where an apartment complex once stood. The three-story homes will be for sale, not rent. Floor plans range from 1,800 to about 2,000 square feet, and the houses will be clustered around a shared pool area. The project was approved by the Design Review Board in September. Granite Reef Circle Lofts Location: 1401 N. Granite Reef Road, near the General Dynamics building. (Photo: Synectic Design) Synectic Design, a Tempebased architecture firm, drafted plans for a 20-unit townhouse complex with a distinctive, circular style. The three-story homes have two or three bedrooms and a two-car garage. The gated community features a circular shared pool area. The project was originally proposed in the mid-2000s and is back after a lengthy hiatus, pending approval by the Design Review Source: "2

11 !! Urban luxury: 12 projects headed for south Scottsdale SimonCRE headquarters (Photo: ISG) Location: 6900 E. 2nd St., near Old Town Scottsdale. Developer SimonCRE paid nearly $1.5 million for this twostory office building and plans to renovate the inside and outside. The company expects to spend more than $500,000 on a new building facade and landscaping and will add a gym, shower and brick walls to the interior space. The building should be ready by the second quarter of this year, according to the company. 70th Street Lofts (Photo: Synectic Design) Location: 3425 N. 70th St., southwest of Old Town. Synectic Design has drafted plans for a 15-unit condominium complex on 70th Street just north of Osborn Road. The ground floor features a twobedroom condo, parking garage, community room and outdoor pool, partially covered by the building overhang. The other 14 units are on the second and third floors. The developer filed a request for a zoning change on Feb. 1. Source: "3

12 !! Urban luxury: 12 projects headed for south Scottsdale Dirty Drummer redevelopment (Photo: SimonCRE) Location: 2730 N. Scottsdale Road, just south of Thomas Road. The Dirty Drummer bar closed at this location in 2013 and has sat vacant since. The building will be renovated, with the new design prominently featuring several street-facing windows, a more-inviting appearance and more than 3,000-square-feet of retail space. Developer SimonCRE expects to start construction in March and announce a new tenant for the building soon. Loft-style condos (Photo: Synectic Design) Location: 7302 E. Minnezona Ave., east of Scottsdale Fashion Square mall. This 11-unit condo complex envisioned by Synectic Design includes several environmentally-friendly features, such as solar panels, energy-management controls and car-charging stations. Shared amenities include a pool, spa and internal courtyard. The developer filed a request on Jan. 21 for Design Review Board approval. Source: "4

13 !! Urban luxury: 12 projects headed for south Scottsdale Scottsdale Shed (Photo: Scottsdale Development Review) Location: 3800 N. 75th St., north of Scottsdale Stadium. A steel warehouse and two block buildings are set to be redeveloped as office and event space. The project is designed to feature a stripped-down, industrial feel, but the buildings will be improved with new windows, canopies and landscaping. The development could open before the end of 2016 but first requires Design Review Board approval of a site plan and architectural design. Seneca Luxury Townhomes (Photo: Scottsdale Development Review) Location: 4002 N. Kalarama Ave., east of Civic Center Mall. The developer proposed demolishing the existing apartments at this location to build 24 townhouses around a shared pool. The project includes two-story and threestory units, each with its own two-car garage. The developer filed plans with the city on Jan. 27 and is working through the design-review process for approval of a site plan and architectural designs. Source: "5

14 !! Urban luxury: 12 projects headed for south Scottsdale Gallery Location: 7107 E. Earll Dr. (Photo: Scottsdale Development Review) A new residential community with 18 townhouses is planned for a vacant lot near the southern gateway in to Old Town Scottsdale. The project features urban architecture with glass, balconies and a common pool area with a gas fireplace and barbecue grills. The City Council approved a General Plan amendment and zoning change for the project in December Aire on McDowell (Photo: Scottsdale Development Review) Location: 6850 E. McDowell Road. K. Hovnanian Homes plans to build 81 medium-density houses on seven acres once used for the Right Toyota dealership, which has sat vacant for years. The community will feature modern architecture, and each unit will have a balcony overlooking a private garden. A community pool is planned for the center of the complex. The developer is seeking City Council approval for a General Plan amendment and zoning change. Source: "6

15 ! Urban luxury: 12 projects headed for south Scottsdale Skye on McDowell (Photo: Scottsdale Development Review) Location: 6855 E. McDowell Road. K. Hovnanian Homes plans to build 55 single-family homes on land currently occupied by multiple car dealerships, which are relocating The community will feature modern architecture and bring new investment to Scottsdale's McDowell Road Corridor, which has struggled in recent years. The project will require City Council approval of a General Plan amendment to change zoning from commercial to residential use. Source: "7