O F F E R I N G M E M O R A N D U M BENSON PARK PLAZA. Price: $2,200, NORTH 72ND STREET

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1 O F F E R I N G M E M O R A N D U M BENSON PARK PLAZA NORTH 72ND STREET Price: $2,200,000

2 INVESTMENT SUMMARY 1 OPPORTUNITY: Prime investment opportunity off 72nd Street. Benson Park Plaza, a 23,000 SF retail strip center is currently 90% leased with an average weighted lease term of 7.42 years. Current tenants include Cox Communications, Good Samaritan Pet Doctor, State Farm and Omaha Public Schools. This property also includes an adjacent 0.98 acre developable pad site which could accommodate a ~15,000 SF retail building. Benson Park Plaza is part of a development that is shadow-anchored by Home Depot, Baker s and Goodwill. Neighboring the property is Benson Park Golf Course and Marian High School. PROPERTY INFORMATION: Address: North 72nd Street Total Site: 3.05 Acres Rentable Building Area: 23,000 Vacant Land: 0.98 Acres Building Per Square Foot: $95 (includes land) Year Built: 2003 Price: $2,200,000 Year 1 NOI: $168,922 Cap Rate: 7.67% Weighted Average Lease Term: -By Square Footage: 7.42 years -By Income: 6.05 years INVESTMENT HIGHLIGHTS: Upside to NOI With an actual in-place NOI of $142,788, an investor has the opportunity to increase NOI through the leasing of the remaining vacant 2,273 SF bay. Market rate for this space is around $9/sf NNN, which would yeild a $31,380 increase in yearly NOI. Discount to Replacement Cost Benson Park Plaza is being offered at a significant discount to replacement cost, which in today s construction market, would cost anywhere from $140-$150 PSF. Strong Credit Tenants 3 out of the 4 tenants (81% of the SF) are backed by national, high credit tenants, including COX communications, State Farm and a newly signed lease for Omaha Public Schools. Cox Communications 2,121 SF State Farm 1,500 SF Good Samaritan Pet Doctor 2,089 SF Vacant 2,273 SF Omaha Public Schools 15,000 SF 0.98 Acre Developable Pad

3 AERIAL 2 Vacant Bay 0.98 Acres

4 AERIAL Acres

5 DEMOGRAPHICS N 72nd St Omaha, NE mi radius 3 mi radius 5 mi radius POPULATION HOUSEHOLDS AGE MARITAL STATUS & GENDER INCOME 2018 Estimated Population 10, , , Projected Population 10, , , Census Population 9,849 98, , Census Population 9,922 97, ,688 Projected Annual Growth 2018 to % 0.9% 1.0% Historical Annual Growth 2000 to % 0.3% 0.3% 2018 Estimated Households 4,329 43, , Projected Households 4,489 45, , Census Households 3,925 40,263 93, Census Households 3,974 39,495 93,074 Projected Annual Growth 2018 to % 1.0% 1.2% Historical Annual Growth 2000 to % 0.5% 0.5% 2018 Est. Population Under 10 Years 14.2% 14.7% 13.8% 2018 Est. Population 10 to 19 Years 13.2% 12.8% 13.1% 2018 Est. Population 20 to 29 Years 11.9% 14.2% 16.3% 2018 Est. Population 30 to 44 Years 18.7% 20.3% 20.1% 2018 Est. Population 45 to 59 Years 18.4% 17.5% 17.4% 2018 Est. Population 60 to 74 Years 14.6% 14.0% 13.4% 2018 Est. Population 75 Years or Over 8.9% 6.4% 5.9% 2018 Est. Median Age Est. Male Population 47.4% 47.6% 48.4% 2018 Est. Female Population 52.6% 52.4% 51.6% 2018 Est. Never Married 36.1% 38.2% 40.5% 2018 Est. Now Married 35.1% 38.2% 37.1% 2018 Est. Separated or Divorced 19.9% 17.8% 17.1% 2018 Est. Widowed 9.0% 5.9% 5.3% 2018 Est. HH Income $200,000 or More 2.3% 2.8% 4.2% 2018 Est. HH Income $150,000 to $199, % 3.5% 4.2% 2018 Est. HH Income $100,000 to $149, % 12.3% 11.9% 2018 Est. HH Income $75,000 to $99, % 12.1% 11.6% 2018 Est. HH Income $50,000 to $74, % 19.7% 19.0% 2018 Est. HH Income $35,000 to $49, % 15.6% 15.3% 2018 Est. HH Income $25,000 to $34, % 10.4% 9.9% 2018 Est. HH Income $15,000 to $24, % 12.3% 11.6% 2018 Est. HH Income Under $15, % 11.3% 12.4% 2018 Est. Average Household Income $65,348 $65,522 $69, Est. Median Household Income $49,562 $54,234 $56, Est. Per Capita Income $27,630 $27,517 $30, Est. Total Businesses 224 2,803 11, Est. Total Employees 2,917 30, ,533

6 MEET THE TEAM 5 Peter T. Frei Associate Investment Broker Peter s unique background in not only real estate, but tech start-ups and private equity investments, gives him a unique skill set as a broker. He specializes in investment sales with a focus on multi-family. Peter T. Frei Direct: Mobile: pfrei@ Grace Pavlik Associate Broker Grace has brokerage experience in the retail and office markets. Her primary focus is servicing landlords and tenants in the retail market. Pavlik is licensed in Nebraska. She joined in 2017 after working for another commercial real estate company for three years. Grace Pavlik Direct: Mobile: gpavlik@ Grace is also a key member of the Omaha chapter of CREW (Commercial Real Estate Women). She is a member of ICSC and involved with ICSC Next Generation Committee and ICSC Heartland Idea Exchange. She is actively involved with the Omaha Chamber Young Professionals, JDRF and Big Brothers Big Sisters California Street, Ste 100 Omaha, NE

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