COLLIERS INTERNATIONAL KANSAS CITY 4520 Main Street, Suite 1000 Kansas City, Missouri PIPER PLAZA FULLY OCCUPIED NEIGHBORHOOD RETAIL CENTER

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1 COLLIERS INTERNATIONAL KANSAS CITY 4520 Main Street, Suite 1000 Kansas City, Missouri PIPER PLAZA FULLY OCCUPIED NEIGHBORHOOD RETAIL CENTER

2 EXECUTIVE SUMMARY OFFERING SUMMARY Piper Plaza (the Property ) is located in the heart of Village West, the most popular tourist destination in the state, and home to Kansas Speedway (NASCAR), Children s Mercy Park (Sporting KC), CommunityAmerica Ballpark (KC T-Bones), Nebraska Furniture Mart, Legends Outlets, Cabela s, Hollywood Casino, Walmart, and Target. BEST IN CLASS ASSET Piper Plaza is a 37,624-square-foot retail center, 100% leased to 13 tenants, located along Parallel Parkway, at the intersection of Interstate 435 and Interstate 70 in Kansas City, Kansas. STRONG TENANT MIX The Property features a strong mix of tenants including medical, dental, insurance, financial planning, restaurants, and a fitness center. Likewise, the pad buildings surrounding the Property also help to drive traffic: Arby s, 7-Eleven, First State Bank & Trust, Candlewood Suites and the newly built Homewood Suites. STABILIZED PROPERTY The Property is currently 100% occupied and has limited rollover exposure over the next four years, with only 26% of the square footage expected to roll between now and the end of The weighted average lease duration is 6.2 years and the weighted average remaining lease term for the existing leases is 4.3 years, representing a very stable rent roll. SALE TERMS Sale Price $7,150,000 Price Per Square Foot $190 Net Operating Income $536,237 In-Place Cap Rate 7.50% Average Rent Per Square Foot $15.85 DATA SUMMARY Location Year Built 2005 Building Area (rentable square feet) 37,624 Total Site Area Pad Site Area Pad Site Suggested Value Occupancy 100% Tenants 13 Buildings 1 Construction Zoning Parallel Parkway Kansas City, Kansas 7.00 acres (approx.) 0.80 acres (approx.) $800,000 (included in sale price) Tilt wall Parking Spaces 205 Parking Ratio 5:45 CP-1; Planned Limited Business (Retail Center)

3 HIGH GROWTH LOCATION The area surrounding the Property is a destination location featuring the Legends Outlets, Kansas Speedway, Children s Mercy Park, CommunityAmerica Ballpark, Nebraska Furniture Mart, Cabela s, Schlitterbahn Waterpark and Hollywood Casino. New developments have continued to come online as the area matures, including Cerner s 330,000-square-foot Continuous Campus which was built in 2013, two large multifamily projects totaling 617 units that were built in 2014 and 2016, Dairy Farmers of America s new 100,000-square-foot headquarters built in 2016, The Legends Auto Mall featuring three auto dealerships was finished in 2016, and the U.S. Soccer National Training Facility, which is set to open in 2017.

4 HUTTON ROAD DETENTION POND PIPER PLAZA AVAILABLE PAD SITE 0.80 AC PARALLEL PARKWAY 6

5 STRONG DEMOGRAPHICS Within a three-mile radius of the Property, there is a population of 12,126. From 2010 to 2016, the same area saw an increase of 7.6% in population, with an additional 4.1% projected growth from 2016 to The median household income in the five-mile radius of the Property is $85,602, which is 64.8% higher than the national median household income of $51, MILE 3-MILE 5-MILE Population Overview Population Trend 2010 Total Population 1,887 11,675 37, Total Population 2,444 14,074 41, Total Population 2,888 16,467 45,704 Population Change 2000 to % 77.0% 25.5% Population Change 2010 to % 20.5% 9.6% Population Change 2016 to % 17.0% 10.2% Household Overview Household Trend 2010 Households 683 4,255 14, Households 879 5,132 15, Households 1,014 5,865 17,041 Household Change 2000 to % 93.8% 26.8% Household Change 2010 to % 20.6% 9.2% Household Change 2016 to % 14.3% 7.5% 1-MILE 3-MILE 5-MILE Income Overview Per Capita Income Trend 2010 Per Capita Income $28,912 $33,560 $27, Per Capita Income $30,357 $32,448 $27, Per Capita Income $29,663 $32,187 $27,845 Average Household Income Trend 2010 Average Income $79,583 $90,040 $72, Average Income $84,199 $87,229 $71, Average Income $84,280 $88,630 $74,369 Median Household Income Trend 2010 Median Income $68,293 $73,940 $59, Median Income $76,322 $75,883 $59, Median Income $76,368 $77,384 $62, Housing Overview Average Home Value $191,783 $207,301 $171,815 Owner Occupied 93.5% 83.8% 74.6% Renter Occupied 6.5% 16.3% 25.4% Average Household Size

6 DREW QUINN Senior Vice President Colliers International Kansas City MIKE YEGGY Vice President Colliers International Kansas City