Sixth + Westlake Westlake Avenue. Free Standing Single Tenant. WESTLAKE ave. Colliers International 601 Union Street, Suite 5300

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1 6th street 1953 Avenue Seattle, WA Free Standing Single Tenant NNN Ground Lease WESTLAKE ave NEW AMAZON Paul Sleeth Executive Vice President Billy Sleeth senior Vice President Colliers International 601 Union Street, Suite 5300 Seattle, WA

2 puget sound lake union belltown NEW AMAZON south lake union downtown seattle below market rent short-term lease passive cash flow one of a kind mcdonald s credit adjacent to amazon s new towers downtown seattle growth strong seattle economy seattle investment market no debt

3 6th & is a generational piece of real estate located in the heart of downtown Seattle, one of the most dynamic investment markets in the nation. McDonald s has been operating at this location for approximately 37 years and recently exercised their final five year option expiring January The location coupled with McDonald s significantly below market rent and near-term lease expiration, create tremendous upside to the investor with numerous upside opportunities potential value enhancement opportunities include extending McDonald s lease at market rent; lease to alternative retailer, office, or service business; occupy as user; sell asset unencumbered by a lease; and many others. NEW Amazon Towers: Currently under construction: three million square-feet of. The offering presents an unparalleled opportunity to acquire a single tenant, high credit, investment with near-term upside, below market rent, and a one of a kind location.

4 INVESTMENT HIGHLIGHTS» Downtown Seattle: Situated in the heart of downtown Seattle adjacent to Amazon, Westin Hotel, office and residential towers, and one block from Seattle s retail core including: Nordstrom, Pacific Place, Center, and Macy s.» Below Market Rent: McDonald s rent of $9.80/SF/Year; $56,272 annually is significantly below market.» Short-Term Lease: McDonald s recently exercised their final 5 year option on their ground lease which expires in January 2020 providing the investor an opportunity to capitalize in approximately 4 years on the below market rent.» Passive Cash Flow: The remaining 4 +/- years of lease term provide passive cash flow and time to analyze potential value creation at lease expiration.» One of a Kind: The asset s location, layout, prominence and large corporate neighbors provide a major branding opportunity for multiple future retail or office users.» McDonald s Credit: McDonald s is one of the highest rated and most respected companies in the country. McDonald s is ranked number 73 on the Forbes Top 100 US Companies List, 207th on the Forbes Global 2000 List and 6th on the World s Most Valuable Brands List.» Adjacent to Amazon s New Towers: The McDonald s at 6th & is located directly across the street from the first of Amazon s three new 1 million-square-foot towers. The first tower is scheduled to open this year, the second tower in late 2016, and the third in late The completion of these towers will significantly add to the already robust daytime population.» Downtown Seattle Growth: Downtown Seattle is currently experiencing a development boom. There are over 106 projects (permitted, under construction or completed since January 2014) in Downtown Seattle with an estimated value of over $5.84 billion.» as of August 2015, 7.54 million square feet of is currently under construction with an additional 9.97 million square feet of proposed. This year, Downtown Seattle is on track to see the largest number of completed projects in the past decade.» downtown could see nearly 3,500 apartments built in There has been more than 9,000 built in the last 3.5 years, with a vacancy rate below 4 percent.» Currently, there are 622 hotel rooms under construction with 17 hotel projects in earlier stages of development in Downtown Seattle.» Strong Seattle Economy: As the fastest-growing big city in the country, Seattle is one of the hottest employment markets in the country. Seattle ranked 6th on Forbes 2015 The Best Places for Business and Careers list. Seattle also ranked no. 1 on Forbes Best Cities for Tech Jobs list. With companies like Amazon, Expedia, Facebook, Weyerhaeuser and others moving to Downtown or growing their Downtown Seattle workforce, the current growth in population and jobs and the development that comes with that shows no signs of slowing down.» Seattle Investment Market: The Seattle investment market is considered in the top 5 investment markets in the country, even though much smaller than those ahead on the list. Seattle is also emerging as major global destination for capital, ranking at number nine on the list of top ten global cities for commercial real estate investment.» No Debt: The property is being offered free and clear of debt.

5 NEW AMAZON 6th street WESTLAKE ave downtown seattle below market rent short-term lease passive cash flow one of a kind mcdonald s credit adjacent to amazon s new towers downtown seattle growth strong seattle economy seattle investment market no debt

6 DEMOGRAPHICS Avg. HH Income Population 1 Mile $68,276 56,244 2 Miles $74, ,785 3 Miles $84, ,721

7 NEW AMAZON Financials Address: 1953 Avenue Seattle, WA Total Land Area: Acres (Approx. 3,719 SF) Total Gross Building SF: 8,480 SF Basement Storage: 2,740 SF McDonald s Ground Level: 3,120 SF McDonald s Upper Level: 2,620 SF Current NOI: $56,000 Asking Price: Best Offer Financing: Offered Free & Clear Mcdonald s ground lease summary Tenancy: Single Tenant: McDonald s Type: NNN Ground Lease Lease Expiration: 1/30/2020 Options: None Remaining Annual Rent: $56,272

8 NEW AMAZON WESTLAKE ave

9 WESTLAKE ave