INVESTMENT PROPERTY FOR SALE

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Roland Simmons
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CLIFF AVENUE PLAZA MULI-ENAN REAIL RIP CENER FOR SALE SIOUX FALLS, SD INVEMEN PROPERY FOR SALE LAKEPOR COMMONS MULI-ENAN INVEMEN PROPERY 5000-5018

1 CLIFF AVENUE PLAZA MULI-ENAN REAIL RIP CENER FOR SALE SIOUX FALLS, SD INVEMEN PROPERY FOR SALE LAKEPOR COMMONS MULI-ENAN INVEMEN PROPERY SERGEAN ROAD, SIOUX CIY, IA S. Reid Street, Suite 201, Sioux Falls, SD Information herein is deemed reliable, but not guaranteed.

LAKEPOR COMMONS MULI-ENAN INVEMEN OPPORUNIY SIOUX CIY, IA Lloyd Companies is pleased to present the opportunity to acquire an investment property located at the Lakeport Commons Shopping Center in

he tenants include Complete Nutrition, Firehouse Subs, Men s Warehouse, he UPS Store and Winestyles. Investment Summary Pricing $3,712,302 Net Operating Income $258,460 Cap Rate 7.

2 LAKEPOR COMMONS MULI-ENAN INVEMEN OPPORUNIY SIOUX CIY, IA Lloyd Companies is pleased to present the opportunity to acquire an investment property located at the Lakeport Commons Shopping Center in Sioux City, IA. he site consists of a 10,960 square foot retail building, which is currently 100% leased to five tenants. he tenants include Complete Nutrition, Firehouse Subs, Men s Warehouse, he UPS Store and Winestyles. Investment Summary Pricing $3,712,302 Net Operating Income $258,460 Cap Rate 7.0% Year Built 2007 otal Building Size 10,960 Square Feet Site Size 1.26 Acres / 54,997 SF Current Occupancy 100% JORDAN RIEFFENBERGER, CCIM DIRECOR OF COMMERCIAL REAL EAE jordan@lloydcompanies.com LAKEPOR COMMONS MULI-ENAN INVEMEN OPPORUNIY LLOYD COMPANIES INFORMAION DEEMED RELIABLE BU NO GUARANEED. 2

3 REN ROLL LAKEPOR COMMONS MULI-ENAN INVEMEN OPPORUNIY Lakeport Commons Strip Mall Current Rent Roll / Proforma Unit enant Lease ype Size Lease From Lease o Monthly Rent Annual Rent Rent / SF Escalator Options 5004 Complete Nutrition NNN 1,215 11/21/2008 7/12/2019 $2, $30, $ % Annual Esc. None 5008 Firehouse Subs NNN 1,945 12/31/2013 5/14/2019 $3, $42, $22.00 Bump in year six Yes 5016 Men's Wearhouse NNN 4,717 4/25/2007 2/28/2023 $9, $112, $23.91 Bump at Renewal Yes 5006 he UPS Store NNN 1,424 3/19/2014 6/30/2019 $2, $31, $22.00 Bump at Renewal Yes 5002 A& Mobility NNN 1,659 BD 2019 BD 2024 $3, $41, $25.00 None Yes OAL 10,960 $21, $258, $23.58 Avg. *Information is deemed reliable, but not guaranteed *Note Complete Nutrition Lease: Both Landlord & enant have an option to terminate with a 60 day notice NOI $258,460 Sale Price $3,712,302 Cap Rate 7.0% LAKEPOR COMMONS MULI-ENAN INVEMEN OPPORUNIY LLOYD COMPANIES INFORMAION DEEMED RELIABLE BU NO GUARANEED. 3

4 FINANCIAL OVERVIEW LAKEPOR COMMONS MULI-ENAN INVEMEN OPPORUNIY Occupancy Rate: 100% (Fully Leased) Sales Price: $3,712,302 Cap Rate: 7.0% Net Rentable Area (NRA): 10,960 RSF Price / SF: $ Lot Size: 1.26 Acres / 54,997 SF Year Built: 2007 LAKEPOR COMMONS MULI-ENAN INVEMEN OPPORUNIY LLOYD COMPANIES INFORMAION DEEMED RELIABLE BU NO GUARANEED. 4

ENAN OVERVIEW SIOUX CIY, IA Complete Nutrition Complete Nutrition is a network of high-quality nutritional supplement retail stores whose mission is to create safe and effective weight

Firehouse Subs Firehouse Subs is a fast-casual restaurant chain founded in 1994 in Jacksonville, Florida by former firefighter brothers.

Address: Lease Expiration: Gross Leasable Area: Pro Rata Share of Project: Number of Locations: Headquartered: Website: 5004 Sergeant Road July 1, 2019 1,215 Square Feet 11.

5 ENAN OVERVIEW SIOUX CIY, IA Complete Nutrition Complete Nutrition is a network of high-quality nutritional supplement retail stores whose mission is to create safe and effective weight management, sports nutrition, fitness and general health programs to help customers look better, feel better and perform better. Firehouse Subs Firehouse Subs is a fast-casual restaurant chain founded in 1994 in Jacksonville, Florida by former firefighter brothers. Donated firefighter gear and memorabilia and other elements reminiscent of a fire department are the decor and focus of the restaurants. Address: Lease Expiration: Gross Leasable Area: Pro Rata Share of Project: Number of Locations: Headquartered: Website: 5004 Sergeant Road July 1, ,215 Square Feet 11.1% 136 Omaha, NE Address: Lease Expiration: Gross Leasable Area: Pro Rata Share of Project: Number of Locations: Headquartered: Website: 5008 Sergeant Road May 14, ,945 Square Feet 17.7% 1,105 Jacksonville, FL LAKEPOR COMMONS MULI-ENAN INVEMEN OPPORUNIY LLOYD COMPANIES INFORMAION DEEMED RELIABLE BU NO GUARANEED. 5

he UPS Store he UPS Store is a locally owned franchise offering a range of products and services designed specifically to help and support small business owners in the local community.

6 ENAN OVERVIEW SIOUX CIY, IA Men s Wearhouse Men s Wearhouse is a menswear chain offering brand-name formal & casual attire, shoes & accessories, plus tuxedo rentals. For over 40 years, Men s Wearhouse has been dedicated to helping men look and feel their best. he UPS Store he UPS Store is a locally owned franchise offering a range of products and services designed specifically to help and support small business owners in the local community. Address: Lease Expiration: Gross Leasable Area: Pro Rata Share of Project: Number of Locations: Headquartered: Website: 5016 Sergeant Road February 28, ,717 Square Feet 43.0% 700+ Houston, X Address: Lease Expiration: Gross Leasable Area: Pro Rata Share of Project: Number of Locations: Headquartered: Website: 5006 Sergeant Road June 30, ,424 Square Feet 13.0% 5,000+ San Diego, CA LAKEPOR COMMONS MULI-ENAN INVEMEN OPPORUNIY LLOYD COMPANIES INFORMAION DEEMED RELIABLE BU NO GUARANEED. 6

A& began its history as Southwestern Bell elephone Company, a subsidiary of the Bell elephone Company, founded by Alexander Graham Bell in 1880.

7 ENAN OVERVIEW SIOUX CIY, IA A& A& Inc. is the world s largest telecommunications company, the second largest provider of mobile telephone services, and the largest provider of fixed telephone services in the US. A& began its history as Southwestern Bell elephone Company, a subsidiary of the Bell elephone Company, founded by Alexander Graham Bell in In 2018, A& was ranked #9 on the Fortune 500 rankings of the largest US corporations by total revenue. Address: Lease Expiration: Gross Leasable Area: Pro Rata Share of Project: Number of Locations: Headquartered: Website: 5002 Sergeant Road ,659 Square Feet 15.2% 15 Dallas, X LAKEPOR COMMONS MULI-ENAN INVEMEN OPPORUNIY LLOYD COMPANIES INFORMAION DEEMED RELIABLE BU NO GUARANEED. 7

8 BUILDING PHOOS SIOUX CIY, IA LAKEPOR COMMONS MULI-ENAN INVEMEN OPPORUNIY LLOYD COMPANIES INFORMAION DEEMED RELIABLE BU NO GUARANEED. 8

9 UGE N02 03'32"W 41.00' 16.50' R.O.W ' to 37.00' 64.7' GAS GAS GAS 59.4' 6''SA 74.4' SA SA SA SA FO V OHCAV GAS W FO UGE OHE V OHCAV SA LAKEPOR COMMONS MULI-ENAN INVEMEN OPPORUNIY SIOUX CIY, IA Plot Date: 3/20/2017 1:58:09 PM UILIY DAA he underground utilities shown hereon are approximate. Utilities have been located from PARKING DAA field survey information and existing drawings. he Surveyor makes no guarantees that Regular stalls (9' x 20') 67 the underground utilities shown comprise all such underground utilities in the area, either Handicap stalls 3 in service or abandoned. he Surveyor further does not warrant that the underground utilities shown are in exact location indicated although the Surveyor does certify that they are located as accurately as possible from information available. he Surveyor has not physically located the underground utilities. One-Call Locate Request No ''SA 8''SA 8''SA 8''SA 8''SA 8''SA 8''SA UGE UGE UGE UGE 54'' 54'' 54'' 54'' 54'' 54'' DEDICAED B/CURB B/CURB 15.00' Utility Easement CONCREE PAVEMEN W/ INREGAL CURB 10''SA 10''SA 10''SA 10''SA 10''SA 10''SA 10''SA 10''SA 12''W 12''W 12''W 12''W GRASS UGE UGE UGE UGE UGE UGE Sergeant Road Access to Public Street 12''W 12''W 12''W 12''W GAS GAS GAS GAS GAS GAS GAS GAS GAS CONCREE PAIO CONCREE WALK 24'' UGE UGE UGE UGE 54'' 54'' 54'' 54'' 54'' 54'' 12''W 12''W 12''W 12''W Rad=848.67' Len=224.56' Chord=223.90' - N74 25'49"E GAS GAS GAS GAS GAS 26 ASPHAL PARKING W/ CONCREE CURB & GUER 6''SA 6''SA 6''SA GRASS 77.2' 10''SA 10''SA 10''SA 10''SA 10''SA 10''SA 10''SA 10''SA 10''SA CONCREE WALK 163.2' Access Easement 30.00' Perpetual UGE UGE UGE UGE UGE Access to Public Street 12''W 12''W 12''W 12''W Easement 15.00' Utility GAS GAS GAS GAS GAS GAS GAS GAS S19 09'20"E 41.00' 31 Subject Parcel 54,997 Sq.Ft Ac. 81.3' GRASS CONCREE WALK EA LINE, OULO 6 S18 22'12"E ' ' 54'' 24'' 24'' 12''W 12''W 12''W 12''W 24'' ASPHAL S23 12'11"E ' GAS GAS 12''W GAS GAS GAS GASGAS 12''W 12''W EA LINE, OULO 7 GAS PARCEL DESCRIPION Outlots 6 and 7, Lakeport Commons, an addition to Sioux City, Woodbury County, Iowa; EXCEP that portion of said Outlot 6 described as follows: Beginning at the southwest corner of said Outlot 6; thence North 05 41'41" West along the west line of said Outlot 6 for a distance of feet; thence North 02 03'32" West along said west line for a distance of feet to the northwest corner of said Outlot 6; thence easterly along the north line of said Outlot 6 and along a non-tangent curve to the left having a radius of feet, for a distance along the arc of feet, the chord of which bears North 84 58'33" East a distance of feet; thence South 05 41'41" East for a distance of feet to the south line of said Outlot 6; thence South 84 18'18" West along said south line for a distance of feet to the Point of Beginning. AND ALSO EXCEP that portion of said Outlot 7 described as follows: Beginning at the southeast corner of said Outlot 7; thence South 62 31'23" West along the southeast line of Outlot 7 for a distance of feet; thence South 67 36'04" West along said southeast line for a distance of feet; thence North 23 12'11" West for a distance of feet to the northwest line of said Outlot 7; thence northeasterly along the northwest line of said Outlot 7, and along a non-tangent curve to the left having a radius of feet, for a distance along the arc of feet, the chord of which bears North 62 26'12" East a distance of feet to the northeast corner of said Outlot 7; thence South 30 14'06" East along the northeast line of said Outlot 7 for a distance of feet to the southeast corner of said Outlot 7 and to the Point of Beginning LEGEND ILE COMMIMEN IA , SCHEDULE B-II, Exceptions: 11. Rights of re-entry of the State of Iowa as contained in: (a). filed August 11, 1978, in Roll 81, Image 385 (b). filed October 16, 1978, in Roll 83, Image 656 (c). filed February 20, 1980, in Roll 97, Image 2156 (d). filed July 16, 1980, in Roll 102, Image 186 (e). filed filed April 3, 1987, in Roll 184, Image 1893 (f). filed December 6, 2004, in Roll 667, Image 774 (g). filed March 31, 2005, in Roll 673, Image SUBJEC PROPERY BORDERS PRIMARY ROAD NO. U.S AS SHOWN HEREON. 12. Resolution of the Woodbury County Board of Supervisors, #6332, recorded on May 12, 1977 on Roll 62, Image 2118, contains provisions and regulations governing the use of certain lands designated as Flood Hazard Area... - SUBJEC PROPERY IS NO LOCAED IN A FLOOD HAZARD AREA. 13. Resolution of the Woodbury County Board of Supervisors, #6333, recorded on May 12, 1977 on Roll 62, Image 2120, contains provisions and regulations governing the issuance of building permits... - AFFECS PROPERY BU IS UNLOCAABLE AND/OR BLANKE IN NAURE. 17. Subject to the Donner Park Urban Renewal Project Area... - AFFECS PROPERY BU IS UNLOCAABLE AND/OR BLANKE IN NAURE. 18. Plat of Survey, filed December 28, 2004 in Roll 669, Image SUBJEC PROPERY IN CONAINED ENIRELY WIHIN HE BOUNDARY OF HE PARCEL SHOWN ON HE PLA OF SURVEY. 19. Ordinance No , filed May 5, 2004 in Roll 642, Image 1190, Records of Woodbury County, Iowa. Regarding rezoning to zone classification BG (General Business Zone)... - AFFECS PROPERY BU IS UNLOCAABLE AND/OR BLANKE IN NAURE. 21. Assessment Agreement filed January 21, 2005 in Roll 671, Image 2782 Records of Woodbury County, Iowa., by and between the City of Sioux City, Iowa, an Iowa municipal corporation and Lakeport Commons, L.L.C... - AFFECS PROPERY BU IS UNLOCAABLE AND/OR BLANKE IN NAURE. 23. Development Agreement by and between Lakeport Commons, L. L. C., an Iowa limited liability company and City of Sioux City, Iowa filed November 22, 2004 in Roll 665 Image 2226 Records of Woodbury County, Iowa. (a). Certificate of Completion filed October 2, 2007 Roll 693 Image Records of Woodbury County, Iowa. - AFFECS PROPERY BU IS UNLOCAABLE AND/OR BLANKE IN NAURE. 24. Plat and Dedication of Lakeport Commons, an Addition to the City of Sioux City, Woodbury County, Iowa filed May 16, 2005 in Plat Envelope 690 A & B, Docket No Records of Woodbury County, Iowa - SUBJEC PROPERY IS CONAINED ENIRELY WIHIN HE BOUNDARY OF HE ADDIION SHOWN ON HE PLA, PLAED EASEMENS ARE SHOWN HEREON. 26. Underground Electric and Gas Easement filed May 16, 2005 in Roll 674, Image 6901 Records of Woodbury County, Iowa, grants to MidAmerican Energy Company, an Iowa corporation, its successors and assigns, a perpetual right-of-way easement, for the purpose of constructing, reconstructing, operating, maintaining and removing underground wires and cables for the transmission and distribution of electric energy and for communication and electrical controls, and a pipeline for natural gas including the necessary appurtenances under and on a portion of subject property, together with the right of ingress and egress. - AFFECS SUBJEC PROPERY AND IS SHOWN HEREON. 29. Operation and Easement Agreement filed May 24, 2005, at Roll 675 Image 2002 Records of Woodbury County, Iowa executed by and between Lakeport Commons, L.L.C., an Iowa limited liability company and Kohl's Department Stores, Inc., a Delaware corporation. (a). First Amendment filed September 15, 2006, in Roll 686 Image (b). Second Amendment filed June 12, 2007 in Roll 691 Image (c). hird Amendment filed December 27, 2007, Roll 691 Image AFFECS PROPERY BU IS UNLOCAABLE AND/OR BLANKE IN NAURE 30. Memorandum of Developer Rights Agreement dated March 11, 2005, filed May 24, 2005 in Roll 675 Image 2052 Records of Woodbury County, Iowa by and between Kohl's Department Stores, Inc., and Lakeport Commons, LLC. - AFFECS PROPERY BU IS UNLOCAABLE AND/OR BLANKE IN NAURE. 31. Declaration of Easements, Covenants and Restrictions filed July 19, 2005, in Roll 677 Image 1401 Records of Woodbury County, Iowa. - PERPEUAL ACCESS EASEMEN FROM EXHIBI B AFFECS SUBJEC PROPERY AND IS SHOWN HEREON 32. Declaration of Use Restriction filed September 15, 2006 in Roll 686 Image 6201 Records of Woodbury County, Iowa. - AFFECS PROPERY BU IS UNLOCAABLE AND/OR BLANKE IN NAURE. 33. Plat of Survey filed June 29, 2007 in Roll 692 Image 1309 Records of Woodbury County, Iowa. - SUBJEC PROPERY IS HE SAME AS HE BOUNDARY OF HE PARCEL SHOWN ON HE PLA OF SURVEY. ALA / NSPS LAND ILE SURVEY PAR OF LAKEPOR COMMONS SERGEAN ROAD, SIOUX CIY, IOWA, ' 34. Restrictions of ingress and egress along Highway Right of Way. - SUBJEC PROPERY BORDERS PRIMARY ROAD NO. U.S AS SHOWN HEREON N05 41'41"W ' WE LINE, OULO ' 20' Utility Easement UGE UGE UGE UGE UGE UGE UGE UGE UGE UGE UGE UGE UGE UGE UGE UGE UGE UGE UGE UGE UGE N84 18'18"E 90.40' N05 41'41"W ' ASPHAL PARKING W/ CONCREE CURB & GUER GAS GAS GAS GAS GAS GAS GAS GAS ASPHAL PARKING W/ CONCREE CURB & GUER 62.5' 26 CONCREE S84 18'18"W 87.57' GAS GAS 117.4' DUMPER ENCLOSURE (BLOCK WALL) 60.0' UGE UGE UGE UGE UGE UGE UGE UGE UGE UGE S75 39'37"W ' CONCREE WALK 18.72' WE LINE, OULO ' ASPHAL PARKING W/ CONCREE CURB & GUER 77.22' S73 10'51"W 95.94' 26 Easement 20' Utility ASPHAL UGE UGE UGE UGE UGE S67 36'04"W 87.26' VICINIY MAP NO SCALE 1 03/20/2017 REVISED ILE COMMIMEN IEMS O REFLEC OBJECION LEER. REVISIONS ALA/ASCM SURVEYORS CERIFICAE o Circle Point Ventures, LLC, First Dakota National Bank Fidelity National itle Insurance Company and Professional itle Company: his is to certify that this map or plat and the survey on which it is based were made in accordance with the 2016 Minimum Standard Detail Requirements for ALA/NSPS Land itle Surveys, jointly established and adopted by ALA and NSPS, and includes Items 1, 4, 7(a)(b1), 8, 9 & 11 of able A thereof. he field work was completed on March 9, Date of Map: March 20, Whispering Creek Drive Sioux City, IA (712) Drawn By: DAL Approved: DAL P:\02\267\018\DWG\267018_ALA.DWG Primary Road No. U.S /20/17 Project No Sheet 1 of 1 LAKEPOR COMMONS MULI-ENAN INVEMEN OPPORUNIY LLOYD COMPANIES INFORMAION DEEMED RELIABLE BU NO GUARANEED. 9

10 SIOUX CIY DEMOGRAPHICS LAKEPOR COMMONS MULI-ENAN INVEMEN OPPORUNIY Site Specific Demographics Population Summary 1 mile 3 miles 5 miles 2000 otal Population 3,790 26,590 53, otal Population 3,577 26,022 54, otal Population 3,617 26,897 56, Group Quarters 31 1,073 1, otal Population 3,667 27,350 57, Annual Rate 0.27% 0.33% 0.33% 2017 otal Daytime Population 7,069 26,913 70,614 Workers 5,346 14,721 43,287 Residents 1,723 12,192 27,327 Household Summary 2000 Households 1,417 10,092 19, Average Household Size Households 1,529 10,191 20, Average Household Size Households 1,538 10,452 20, Average Household Size Households 1,554 10,597 20, Average Household Size Annual Rate 0.21% 0.28% 0.27% 2010 Families 1,052 6,737 13, Average Family Size Families 1,044 6,845 13, Average Family Size Families 1,050 6,912 13, Average Family Size Annual Rate 0.11% 0.20% 0.17% Housing Unit Summary 2000 Housing Units 1,447 10,419 20,600 Owner Occupied Housing Units 79.6% 71.4% 64.5% Renter Occupied Housing Units 18.3% 25.4% 31.2% Vacant Housing Units 2.1% 3.1% 4.3% 2010 Housing Units 1,596 10,687 21,264 Owner Occupied Housing Units 75.6% 67.8% 61.9% Renter Occupied Housing Units 20.2% 27.5% 33.3% Vacant Housing Units 4.2% 4.6% 4.8% 2017 Housing Units 1,600 10,888 21,787 Owner Occupied Housing Units 74.6% 67.2% 60.6% Renter Occupied Housing Units 21.6% 28.8% 34.4% Vacant Housing Units 3.9% 4.0% 5.0% 2022 Housing Units 1,608 11,010 22,123 Owner Occupied Housing Units 74.3% 67.1% 60.3% Renter Occupied Housing Units 22.4% 29.1% 34.5% Vacant Housing Units 3.4% 3.8% 5.2% Median Household Income 2017 $68,677 $51,716 $48, $72,127 $53,588 $51,441 Median Home Value 2017 $170,336 $113,115 $113, $187,697 $124,708 $132,942 Per Capita Income 2017 $35,355 $25,713 $23, $38,103 $27,932 $25,560 Median Age LAKEPOR COMMONS MULI-ENAN INVEMEN OPPORUNIY LLOYD COMPANIES INFORMAION DEEMED RELIABLE BU NO GUARANEED. 10

COUNCIL AGENDA MEMO ITEM NO. III - #1

COUNCIL AGENDA MEMO ITEM NO. III - #1 FROM: Anton Jelinek, Director of Utilities MEETING: October 24, 2017 SUBJECT: PRESENTER: Permanent Utility and Right-of-Way Easement Anton Jelinek Discussion: At the