1818 Milton Avenue Janesville, WI 53545

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1 CVS United - PROSPECT, States CT Postal Service (Anchor) - Janesville, WI NET LEASE OPPORTUNITY NET LEASED INVESTMENT OFFERING 1818 Milton Avenue Janesville, WI 53545

2 CVS - PROSPECT, CONFIDENTIALITY CT & DISCLAIMER NET LEASE OPPORTUNITY CONFIDENTIALITY & DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

3 CVS United - PROSPECT, States CT Postal Service (Anchor) - Janesville, WI NET LEASE OPPORTUNITY United States Postal Service - Janesville, WI 1818 Milton Avenue, Janesville, WI EXECUTIVE SUMMARY The Boulder Group is pleased to exclusively market for sale the fee simple interest in a two-tenant net leased property located in Janesville, Wisconsin. The property is anchored by the United States Postal Service (USPS) who has been at the location for over 25 years. The property is strategically located at a signalized intersection along the primary thoroughfare and retail corridor in the area. The USPS property has excellent visibility along both thoroughfares. There are three years remaining on the USPS lease. USPS is an independent agency of the United States federal government responsible for providing postal service in the United States, including its insular areas and associated states. It is one of the few government agencies explicitly authorized by the United States Constitution. The 36,410 square foot building sits on a 5.06 acre parcel along the primary thoroughfare in the area. The property is strategically located at the signalized intersection of Milton Avenue and Randolph Road which experiences a traffic count of 33,900 vehicles per day. The property has excellent visibility and easy interchangeable access along both thoroughfares. Retailers located in the immediate area include Walmart Supercenter, Target, Menards, Sam s Club, Schnucks, Big Lots and Walgreens. In addition, Janesville Mall, featuring Boston Store, Dick s Sporting Goods, Kohl s and Sears, is located in the immediate area. There are over 51,370 people living within a three mile radius of the property. USPS has three years remaining on their lease which expires July 31, 2021 and features three 5-year renewal option periods. The property features 22,016 square feet of covered parking for USPS authorized vehicles. The second space is currently vacant and will be master leased for two years. USPS has over 625,000 active employees and operated more than 210,000 vehicles. USPS is the operator of the largest civilian vehicle fleet in the world.

4 CVS United - PROSPECT, States CT Postal Service (Anchor) - Janesville, WI NET LEASE OPPORTUNITY PROPERTY OVERVIEW Price: Cap Rate: Parking: Building Size: Land Size: $3,826, % 175+ Spaces 36,410 SF 5.06 Acres Tenant: Net Operating Income: Year Built: Lease Type: United States Postal Service Master Lease (Vacant) $283,166 (See Next Page) 1990 NN (Roof, Structure, HVAC & Parking Lot)* * Landlord is responsible for administrating CAM, however, Tenant is responsible for the cost associated with CAM. Landlord can collect an Administrative Fee not to exceed 6% of Operating Costs. The fee is not included in the NOI.

5 United States Postal Service (Anchor) - Janesville, WI Property Analysis Tenant Square Feet Period Options Annual Rent United States Postal Service 19,078 SF Current - July 31, 2021 $189,445 August 1, July 31, 2026 Option 1 $204,415 August 1, July 31, 2031 Option 2 $222,812 August 1, July 31, 2036 Option 3 $242,866 Master Lease (Vacant) 17,332 SF $155,988 Total 36,410 SF $345,433 Pro Forma Analysis Income Base Rent 345,433 CAM 26,806 Insurance 4,764 Real Estate Taxes 49,490 Administrative Fee (6% of Rent) 11,367 Total Income 437,859 Expenses CAM -51,156 Insurance -9,092 Real Estate Taxes -94,446 Total Expense -154,694 Net Operating Income 283,166 Footnotes: - Expenses are invoiced, reconciled and reimbursed by USPS who pays pro-rata share of 52.4%. - USPS reimburses the Landlord an Administrative Fee not to exceed 6% of the annual rent.

6 United States Postal Service (Anchor) - Janesville, WI PROPERTY HIGHLIGHTS Tenant is an independent agency of the United States federal government Excellent visibility and convenient access USPS is committed to the location as evidenced by recent lease extension Over 51,370 people living within a three mile radius of the property Positioned at a signalized intersection along the primary north-south thoroughfare in the area (28,800 VPD) Retailers located in the immediate area include Walmart Supercenter, Target, Menards, Sam s Club, Schnucks, BigLots! and Walgreens Benefits from its close proximity to Janesville Mall featuring Boston Store, Dick s Sporting Goods, Kohl s and Sears DEMOGRAPHICS 1-MILE 3-MILE 5-MILE Population: Total Households Avg. Household Income: 8,090 3,645 $52,991 51,379 21,306 $66,932 68,136 27,787 $67,855

7 United States Postal Service (Anchor) - Janesville, WI AERIAL Milton Avenue (28,800 VPD)

8 United States Postal Service (Anchor) - Janesville, WI TENANT OVERVIEW The United States Postal Service (USPS) is an independent agency of the United States federal government responsible for providing postal service in the United States, including its insular areas and associated states. It is one of the few government agencies explicitly authorized by the United States Constitution. The U.S. Mail traces its roots to 1775 during the Second Continental Congress, when Benjamin Franklin was appointed the first postmaster general. The Post Office Department was created in 1792 from Franklin's operation, elevated to a cabinet-level department in 1872, and transformed in 1971 into the U.S. Postal Service as an independent agency. The USPS has over 625,000 active employees and operated more than 210,000 vehicles. The USPS is the operator of the largest civilian vehicle fleet in the world. The USPS is legally obligated to serve all Americans, regardless of geography, at uniform price and quality. The USPS still has exclusive access to letter boxes marked "U.S. Mail" and personal letterboxes in the United States. Website: MARKET OVERVIEW Janesville is a city in southern Wisconsin with a population of over 34,000 people. It is the county seat and largest city of Rock County, and the principal municipality of the Janesville, Wisconsin Metropolitan Statistical Area. Businesses headquartered in Janesville include Blain's Farm and Fleet, a three-state retail chain; Woodman's Food Market, a regional supermarket chain that built its first store in Janesville; Swing'n'Slide, a maker of wood-and-plastic playground equipment; Hufcor (formerly Hough Shade Company), a manufacturer of room dividers that markets internationally; and Gray's Brewing, maker of boutique beers and soft drinks. The Parker Pen Company was founded in Janesville. At one time its factory was the largest writing instrument plant in the world. The company later purchased Manpower, Inc., but eventually sold the pen business to Gillette, which closed the factory in The Northwestern Mutual Life Insurance Company was founded in Janesville in 1857 but moved to Milwaukee two years later. Janesville is served by Southern Wisconsin Regional Airport (KJVL), which provides general aviation and air cargo services. The closest airports with commercial air service are Dane County Regional Airport in Madison and Chicago Rockford International Airport in Rockford, Illinois. The city is served by three freight railroads: Union Pacific, which has two daily freight trains between Janesville and Chicago; the Wisconsin and Southern Railroad, a regional carrier that provides freight service to cities throughout southern Wisconsin; and the Iowa, Chicago and Eastern Railroad, a subsidiary of the Canadian Pacific Railway, that operates a weekly train to Chicago. Website: