FOR SALE: NNN ASSET SKAGIT FARMERS SUPPLY LOCATIONS PRICE: $906,450 $6,632,916 CAP: 7.25% 7.75%

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1 PRICE: $906,450 $6,632,916 CAP: 7.25% 7.75% The net leased Skagit Farmers Supply portfolio is an opportunity to acquire four long-operating properties with sizeable remaining lease terms. The combination of net leases, high cap rates and, great, low rate assumable debt gives an investor the unique opportunity for both passive management and high cash-on-cash returns. Purchase individually or as a portfolio: These NNN leased locations provide an opportunity to acquire up to four properties all with sizeable remaining lease terms. High cash on cash returns with passive management: NNN leases, high cap rates, and low-cost, assumable debt. COLVILLE COEUR D ALENE Colville, WA 466 West First Avenue price: $906,450 cap: 7.75% Spokane, WA Newport Highway price: $2,962,945 cap: 7.25% Coeur d Alene, ID 6225 N Government Way price: $1,033,027 cap: 7.25% Stevensville, MT 3673 Eastside Highway price: $1,730,495 cap: 7.75% SPOKANE STEVENSVILLE Colville WASHINGTON Spokane Coeur d Alene MONTANA IDAHO Missoula Stevensville

2 The Tenant Financial Strength: Skagit Farmers Supply has been in business since Over 80 years, it has grown from a 46 member co-op to over 30,000 members and several hundred employees. Skagit now boasts 13 retail stores across Washington, Idaho, and Montana, two agronomy sites, a dairy and water division, fuel stations, and five propane bulk plants. Store locations: Each of the store locations offered are in markets with heavy concentrations in ranching and farming. And each community in which the properties are located have vibrant and growing economies. All of these locations have been feed stores for at least five years and in some cases much, much longer. They have developed an identity within the market that has significant value to the retailer. There is very little commercial turnover in these markets and very few, if any, opportunities to relocate. Property Designs: Each property is suitable for alternative commercial uses. Website: Economic Summary SALES PRICE $6,632,916 CAP RATE 7.45% NOI $494,071 CAPITALIZATION PURCHASE PRICE $6,632,916 IN PLACE DEBT ASSUMED $3,489,571 EQUITY $3,143,345 Attractive assumable debt with term remaining With an attractive 3.95% rate locked until 2019 after which it readjusts to a rate of 2.75% above FHLB, the properties existing debt will enable a buyer to achieve enhanced cash-on-cash returns. OPERATIONS AND YIELD Cash Flow Equity Return Year: 2017 Reserves For: Operating Lease Expiry Location Approx sq.ft. Present Occupancy Rent Vacancy Adjusted Rent Reserves/ Expenses Net Income Debt Service Cash Flow Cap Rate Value Debt LTV Equity Cash on Cash % 3% 3.95% rate * Spokane, WA 14, % $228,306 $(6,849) $221,457 $(6,644) $214,814 $124,692 $90, % $2,962,945 $1,812,457 61% $1,150, % Coeur d'alene, ID 7, % $79,599 $(2,388) $77,211 $(2,316) $74,894 $33,672 $41, % $1,033,027 $488,304 47% $544, % Colville, WA 8, % $74,662 $(2,240) $72,423 $(2,173) $70,250 $44,048 $26, % $906,450 $637,478 70% $268, % Stevensville, MT 14, % $142,537 $(4,276) $138,261 $(4,148) $134,113 $38,095 $96, % $1,730,495 $551,332 32% $1,179, % * 2019 opt out Total 43, % $525,105 $(15,753) $509,352 $(15,281) $494,071 $240,507 $253, % $6,632,916 $3,489,571 53% $3,143, %

3 Spokane, Washington Newport Highway Newer construction in a rapidly developing area Located on heavily traveled Highway 2 and just north of Northpointe Plaza, a major regional shopping center BUILDING SIZE 13,900 sq.ft. Spokane is the second largest city in the state of Washington and the largest city in Spokane County. It serves as the business, transportation and cultural center of the Inland Northwest and its 1.4 million inhabitants. Recently, population and job grown in the Spokane region has outperformed national trends. BUILT acres M-U (Mixed use commercial) Lease is triple net except that Landlord is responsible for capital replacement of roof or structure The North Spokane Skagit store is newer in a growing area of Spokane. It serves the ranchers and farms both in the north of Spokane County as well as into the surrounding counties. Per the 2012 agriculture census, there were 2,500 farms in Spokane County with an aggregate size of 537,406 acres. The market value of products sold was $149,760,000.

4 Colville, Washington 466 West First Avenue Former flour mill rehabbed and updated for current use Located in the middle of downtown Colville BUILDING 1 BUILDING 2 11,430 sq.ft. total 6,837 sq.ft. retail/showroom 4,593 sq.ft. warehouse Built in 1905 and updated regularly, including a recent remodel 5,680 sq.ft. warehouse Built in acres Light Industrial Lease is triple net except that Landlord is responsible for capital replacement of roof or structure Colville is the largest city in Stevens County. It s a mountain town whose principal industries are timber, agricultural, manufacturing, and tourism. The trade area population is about 26,500 and extends in about a 60 mile radius. The Skagit Colville store is located just outside of downtown in a former flour mill that has been rehabbed and updated for its current use. Stevens County is a significant agricultural area. There are 1,148 farms in the County with an aggregate size of 527,123 acres. The market value of agricultural products sold is $36,346,000.

5 Coeur d Alene, Idaho 6225 N Government Way Nice newer building located a couple of blocks from Home Depot BUILDING 1 BUILDING 2 7,200 sq.ft. total 4,200 sq.ft. retail/showroom 3,000 sq.ft. warehouse Built in ,275 sq.ft. warehouse Built in the 1970s Newer open hay storage building 47,757 sq.ft. Commercial-17 allowing for a wide variety of commercial uses Lease is triple net except that Landlord is responsible for capital replacement of roof or structure Coeur d Alene is the second largest city in Idaho and the largest in Kootenai County. It boasts the 6th lowest cost of living in the county and is home to the majestic Coeur d Alene Lake. It is home to over 35 aerospace related businesses and is surrounded by one of the richest silver mining regions in the world. The Skagit Coeur d Alene store is one of only a few feed stores in the market. Kootenai County is home to 824 farms with an aggregate size of 144,000 acres. The market value of products sold was $23,690,000.

6 Stevensville, Montana 3673 Eastside Highway 30 miles south of Missoula Economy of Ravalli County is primarily agriculture and timber surrounded by ranches BUILDING SIZE BUILT ,084 sq.ft. total Main floor: 14,000 sq.ft. 7,000 sq.ft. retail 7,000 sq.ft. warehouse Mezzanine: 2,084 sq.ft. 1,410 sq.ft. office 674 sq.ft. mechanical 2.75 acres Area 1 - designated for commercial and industrial use NNN except LL perform capital replacement of roof or structure Skagit has the only retail feed store in Stevensville, which is located roughly 30 miles south of Missoula in the beautiful Bitterroot Valley. Stevensville was the first permanent settlement in Montana and today is a thriving community overflowing with small town charm. The surrounding Ravalli County is robust with farms and ranches set amongst majestic mountains and rolling meadows. As of the 2012 agriculture census, there were 1,438 farms in Ravalli County with an aggregate size of 234,782 acres. The market value of farmed or ranched products sold was $34,725,000 with the largest component of the agriculture market being livestock.