FOR SALE FOR SALE SINGLE-TENANT INVESTMENT OPPORTUNITY STREET FORT ST. JOHN, BC

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1 SINGLE-TENANT INVESTMENT OPPORTUNITY STREET FORT ST. JOHN, BC FOR SALE CO-LISTED BY: JON BUCKLEY* JOE GENEST* HUGH O CONNELL hoconnell@nrgretail.ca *Personal Real Estate Corporation

2 PROPERTY INFORMATION 614 9th Avenue is comprised of a 13,857 square foot, freestanding building on a 36,036 square foot lot occupied by IGA grocery store on a long-term lease. This IGA location first opened its doors to Golden, BC in 1990 and has been a pillar of the community for 27 years. The Subject Property is one of only two large grocery store brands serving the town of Golden, BC and the surrounding area. The property benefits from ample parking and is easily accessible off of the Trans- Canada Highway and Highway 95. The IGA is situated adjacent to additional land that is also available for purchase, with further details on page 5. It is located on 10th Avenue North, Lot 12 and 13. The vacant land is approximately 0.28 acres and can be purchased for $375,000. TENANT INFORMATION IGA is a brand of supermarket grocery stores under Sobeys Inc., a wholly-owned subsidiary of the conglomerate Empire Company Limited which has a Market Cap of $6.64B (Jan 2018). Sobeys Inc. serves the grocery and personal care needs of Canadians with approximately 1,500 stores in all 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Price Chopper, Thrifty Foods and Lawtons Drugs, as well as more than 380 retail fuel locations. On a mission to bring better food to Canadians by helping them Eat Better, Feel Better and Do Better, Sobeys and its franchisees and affiliates employ more than 125,000 people from coast-to-coast. YEAR 1 PROFORMA RENTAL REVENUE Scheduled Base Rent 159,356 Total Expense Recoveries 38,796 OPERATING EXPENSES Total Operating Expenses 38,796 Net Operating Income 159,356 SITE PLAN 7th Street N 10th Avenue N (Highway 95)

3 PROPERTY DETAILS FOR SALE MUNICIPAL ADDRESS th Avenue, Golden, British Columbia PID LEGAL DESCRIPTION Lot 2 Plan NEP18657 Section 13 Township 27 Range 22 Meridian Land District 26 IGA 614 9th Street Additional Land 10th Avenue Lot 13 & 14 Trans Canada Highway (13,590 VPD) 10th Avenue (Highway 95) LOCATION Intersection of 9 th Avenue E & 7 th Street N 7th Street SITE SIZE BUILDING AREA 36,036 SF/0.83 acres 13,857 SF ZONING C2 - Mixed Use Commercial (Link) 9th Avenue ENVIRONMENTAL PARKING STALLS PARKING RATIO TENANCIES A Phase I and Phase II Environmental Site Assessment (ESA) was completed in June 2017 and August 2017, respectively. Copies of the latest environmental report will be made available upon execution of the Confidentiality Agreement ( CA ). 45 Stalls 3.25 per 1,000 SF IGA LEASE EXPIRY May 31, 2020 YEAR OF OCCUPANCY 1990 LENGTH OF OCCUPANCY (AS OF 2018) 28 years NET OPERATING INCOME $159,356 SALE PRICE $2,550,000 (~6.25% cap rate)

4 ADJACENT LAND OFFERING In addition to the stand-alone IGA, the offering can include the adjacent vacant parcel of land, which is further detailed below. 619 & th Avenue N, Golden, BC (Lots MUNICIPAL ADDRESS 13 & 14) PID ; Lot 13 Block 7 Plan NEP9502 Section 12 Township 27 Range 22 Meridian Land District 26 LEGAL DESCRIPTION Lot 14 Block 7 Plan NEP9502 Section 12 Township 27 Range 22 Meridian Land District 26 LOCATION Intersection of 10th Avenue E & 7th Street N 12,000 SF (Lot 13 is 6,000 SF, Lot 14 is 6,000 SITE SIZE SF) /0.28 acre BUILDING AREA ZONING C2 - Mixed Use Commercial (Link) 7th Street IGA 614 9th Street Additional Land 10th Avenue Lot 13 & 14 10th Avenue (Highway 95) PARKING STALLS PARKING RATIO TENANCIES LEASE EXPIRY YEAR OF OCCUPANCY LENGTH OF OCCUPANCY (AS OF 2018) NET OPERATING INCOME SALE PRICE Vacant Land $375,000 ($31.25 PSF) 9th Avenue

5 GOLDEN, BC The Town of Golden is centrally located in the Rocky Mountain trench between Vancouver, BC (713 kilometers east of) and Calgary, AB (262 kilometers west of). Golden is located along the Trans-Canada Highway and is the northern terminus of Highway 95, which connects BC to the United States. Golden s economy relies heavily on the Canadian Pacific Railway, the logging industry, and tourism generated by the nearby Kicking Horse Mountain Resort and five National Parks: Yoho National Park, Banff National Park, Jasper National Park, Glacier National Park, and Kootenay National Park. BRITISH COLUMBIA GOLDEN, BC EDMONTON ALBERTA The Trans-Canada Highway improvement projects near Golden, which will see Highway 1 realigned and expanded to four lanes, are projected to cost $450 million with construction beginning in 2019 and continuing for five years. An additional $20 million will be spent to expand the highway to four lanes between Donald and Forde Station Road, about 20 kilometres west of Golden, which is slated for completion in VANCOUVER KELOWNA CALGARY The population of Golden currently sits at 3,762 people with an average household income of $89,327 (2017). As a popular destination for BC and Alberta locals, in addition to foreign visitors, tourism revenue in 2015 was $65M, up 20% from the previous year. VICTORIA UNITED STATES

6 SALE FORFOR SALE SINGLE-TENANT INVESTMENT OPPORTUNITY STREET FORT ST. JOHN, BC Industrial Area PROPERTIES Trans Cana da Highwa Downtown Golden y (13,590 VPD) Golden General Hospital Golden & District Centennial Arena 2017 ESTIMATES GOLDEN, BC Population 3,762 Households 1,542 Average Household Income $89,327 FORM RETAIL ADVISORS INC SEYMOUR STREET VANCOUVER, BC V6B 5A6 NATIONAL RETAIL GROUP 25 CRESCENT ROAD TORONTO, ON M4W 1T4 T F FORM.CA T C NRGRETAIL.CA The information contained herein was obtained from sources which we deem reliable and while thought to be correct, are not guaranteed by Form Retail Advisors Inc. Hig hw ay 95 (12,72 0V PD )