OFFERING MEMORANDUM FOR SALE. Presented By: 5307 N Belt Hwy, St. Joseph, MO 64507

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1 FOR SALE OFFERING MEMORANDUM Presented By: Jewett Jay Ferguson Executive Vice President Matthew Rau Associate

2 PROPERTY OVERVIEW Ferguson Properties, Inc., on behalf of the owner, is pleased to present an opportunity to purchase 100% fee simple interest in 3507 N Belt Hwy, a +/- 6,000 SF multi-tenant building located in St. Joseph, MO. The asset is 100% leased to Select Comfort Retail Corp. (Sleep Number), SportClips, and ispa. The asset is part of The Shoppes at North Village development with greater than 700,000 SF of retail anchored by Target, Sam s Club, Kohl s, TJ Maxx and more. The asset has excellent visibility to N Belt Hwy, the major north south commute thoroughfare carrying over 14,000 Cars Per Day (CPD). OFFERING SUMMARY Sale Price 7.5% Cap Rate: $2,162,500 Building Size/GLA +/- 6,000 SF Year Built 2013 Lot Size 1.15 Acres Occupancy 100% Zoning Commercial Parking 38 Stalls 6.3:1,000 INVESTMENT HIGHLIGHTS Strong Tenants: Select Comfort Retail Corp. (Sleep Number) - The Sleep Number lease is signed by Select Comfort Retail Corp., which is publicly traded on the NASDAQ (SCSS). SportClips The SportClips franchisee is a 20+ unit operator with 14 years experience and locations throughout Missouri, Kansas, Colorado, and South Dakota. This franchisee began operating SportClips locations in ispa This local Nail Salon & Spa operator has three total locations in the St. Joseph, MO market and has personally guaranteed the lease for the initial 10-year term.

TENANT PROFILES Select Comfort Corporation is a United States based manufacturer and retailer of the Sleep Number and Comfortaire beds, as well as foundations and bedding accessories.

At the time of production of this offering memorandum it had a market capitalization in excess of $1.3 Billion.

Recognized by Entrepreneur Magazine as one of the Fastest-Growing Franchises and FORBES as a Top Ten Best Franchise to buy for its investment category, Sport Clips continues to experience

3 TENANT PROFILES Select Comfort Corporation is a United States based manufacturer and retailer of the Sleep Number and Comfortaire beds, as well as foundations and bedding accessories. The company is based in Plymouth, Minnesota and has over 500 Sleep Number stores across the country with the mission of improving lives through individualizing sleep experiences. At the time of production of this offering memorandum it had a market capitalization in excess of $1.3 Billion. Sport Clips is one of the most respected and fastest-growing hair care franchises in the United States. Recognized by Entrepreneur Magazine as one of the Fastest-Growing Franchises and FORBES as a Top Ten Best Franchise to buy for its investment category, Sport Clips continues to experience success through our belief that our Team Members are our greatest asset. Founded by Gordon Logan in 1993, Sport Clips now operates a franchise system of more than 1,600 stores in the United States and Canada and counting! ispa Locally owned and operated, ispa is an upscale retreat offering a full range and variety of services in nail care and skincare treatments.

4 INVESTMENT HIGHLIGHTS ADDRESS BUILDING SF 6,000sf LAND AREA 1.15 Acres YEAR BUILT 2013 OCCUPANCY 100% ZONING Commercial NUMBER OF TENANTS 3 - Sleep Number, Sport Clips, ispa LIST PRICE $2,162,500 NOI $162, CAP RATE 7.5% Sleep Number Sport Clips ispa Square Footage 2,400 1,300 2,300 Lease Start Date 10/5/2012 2/4/2014 6/2/2017 Lease End Date 8/31/2023 8/31/2019 5/31/2027 Initial Rent Years 1-5 $30.00 $28.00 $22.00 Years 6-10 $33.00 $23.10 Option Period Rent First Option (5-years) $36.30 $30.80 $24.26 Second Option (5-years) $39.93 $33.88 $25.47 Tenant Responsibilities Pro Rata Share of Common Pro Rata Share of Common Pro Rata Share of Common Area Maintenance, Insurance, Area Maintenance, Insurance, Area Maintenance, Insurance, Real Estate Taxes Real Estate Taxes Real Estate Taxes Insurance - Tenant insurance fee is rolled into CAM charge

5 DEMOGRAPHICS 1 mile 3 miles 5 miles 7 miles 2016 Population 4,541 29,673 62,864 77,535 Total Households 1,817 11,434 24,383 30,155 Average HH Income $66,184 $70,838 $59,962 $58,971 Daytime Population 5,444 33,580 80,389 97,517

LOCATION OVERVIEW St. Joseph is a city in Buchanan County, Missouri and is approximately 45 miles North of Kansas City, Missouri. With 77,176 residents as of 2012, St.

6 LOCATION OVERVIEW St. Joseph is a city in Buchanan County, Missouri and is approximately 45 miles North of Kansas City, Missouri. With 77,176 residents as of 2012, St. Joseph is the sixth largest city in the state of Missouri. The St. Joseph metropolitan area is part of a strong greater trade area acting as transportation, manufacturing and distribution partner with the Kansas City region. The top employer segments in St. Joseph, MO include manufacturing and production, trade, education, health services, and a world-renowned animal health industry. St. Joseph is well positioned in a network of major interstates and transportation venues that help businesses draw from regional retail strength. St. Joseph serves as a retail trade destination for not only St. Joseph and northwest Missouri, but also from eastern Kansas and southern Iowa and Nebraska.

7 DISCLAIMER This Offering Memorandum has been prepared by Ferguson Properties, Inc. ( Ferguson ) on the basis of information obtained from Ferguson s client (the Company ) and other public sources. Ferguson nor the Company undertake any duty or obligation to update or supplement the information contained in this Offering Memorandum. Neither Ferguson nor the Company makes or gives any representation, warranty or guarantee, whether express or implied, that the information contained in this Offering Memorandum or otherwise supplied to the recipient, at any time by or on behalf of Ferguson or the Company whether in writing or not, relating to the offering discussed herein is complete or accurate or that it has been or will be audited or independently verified, or that reasonable care has been taken in compiling, preparing or furnishing the information. This Offering Memorandum provides a guide only and it is not intended to be exhaustive and, in particular, does not contain disclosure of any of the risks associated with the opportunity. This Offering Memorandum is not to be construed as investment, tax or legal advice in relation to the relevant subject matter. You must seek your own legal or other professional advice. This Offering Memorandum contains statements that may be considered forward-looking statements. Such forward-looking statements, which are subject to numerous risks, uncertainties and assumptions, may include projections of future financial performance, anticipated growth strategies and anticipated trends in the business. Such statements are only predictions based on current expectations and projections about future events, subject to change due to actual results, level of activity, performance or achievements. Any estimate or forecast contained in this Offering Memorandum is not a promise or representation by Ferguson or the Company as to future matters and nothing contained in the information should be relied upon as a representation as to current or future matters. Any projections based on financial and other pro forma data set forth in this presentation were not prepared with a view toward compliance with U.S. Generally Accepted Accounting Principles or any other published standards. Any projections and other pro forma data herein are derived from estimates based on certain hypothetical assumptions, which are inherently subject to significant business, economic and competitive uncertainties and contingencies. Independent estimates about the future benefits of the opportunity and pro forma data should be developed by investors before any decision is made on whether or not to invest in the opportunity and investors should not rely on any projections and pro forma data contained herein. Summaries of any documents, if any, about the opportunity discussed herein are not intended to be comprehensive or all inclusive, but rather only outline some of the provisions contained therein and are qualified in their entirety by the actual document to which they relate. This Offering Memorandum does not constitute an offer or invitation to make an investment, in any form, in the opportunity discussed herein. It has been prepared to obtain indications of interest about an investment to be made which will only be made upon the basis of the negotiations and executions of full investment documentation. This is not an offer of an investment opportunity in any jurisdiction where it is prohibited or where a prefiling or other action is required. This is not an offer for the purchase, sale, or transfer of securities. By accepting receipt of this Offering Memorandum, you understand and agree that the information herein is confidential to the extent it is not of public record and is furnished solely for the purpose of your review in connection with the opportunity discussed herein. You further understand and agree that the information is not to be used for any other purpose or made available to any other person without the express written consent of Ferguson. This offering is subject to prior placement and withdrawal, cancellation or modification without notice.

OFFERING MEMORANDUM. 445 Kele Street Kahului, Maui. Tim Lee RA (RS-69814) Managing Director Investment Sales

OFFERING MEMORANDUM. 445 Kele Street Kahului, Maui. Tim Lee RA (RS-69814) Managing Director Investment Sales OFFERING MEMORANDUM MAUI INVESTMENT OPPORTUNITY FOR SALE :: FEE SIMPLE 445 Kele Street Kahului, Maui Tim Lee RA (RS-69814) Managing Director Investment Sales 808 369 1139 (Direct) 808 551 5085 (Cell) tl@avalonhi.com