FOR SALE NET LEASED INVESTMENT OPPORTUNITY E Sprague Avenue, Spokane, WA. Joe Kappler FOR MORE INFORMATION, CONTACT: Todd Collins

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1 NET LEASED INVESTMENT OPPORTUNITY 5725 E Sprague Avenue, Spokane, WA FOR SALE FOR MORE INFORMATION, CONTACT: Todd Collins Joe Kappler todd@macadamforbes.com joek@macadamforbes.com 1800 SW First Avenue, Suite 650 Portland OR 97201

2 OFFERING HIGHLIGHTS ANCHORED BY BIG 5 SPORTING GOODS, THIS PROPERTY IS 100% LEASED WITH 92% OF THE OCCUPANCY LEASED TO NATIONAL CREDIT STRATEGICALLY LOCATED FRONTING A HOME DEPOT STORE AND ADJACENT WALMART BIG 5 HAS BEEN IN CURRENT LOCATION SINCE 1980, AND RECENTLY EXERCISED A 5 YEAR RENEWAL OPTION 2 YEARS EARLY, EMPHASIZING THE STRENGTH OF IT S LOCATION OFFERED AT $2,795,000 ($94/SF) AT A 7.50% CAP RATE

3 OFFERING SUMMARY EXECUTIVE SUMMARY The offering represents the opportunity to own a fee simple interest in a property anchored by Big 5 Sporting Goods in a key retail corridor of Spokane, WA. The balance of the property is leased to another national credit tenant, Cycle Gear, as well as a prominent local operator of a video gaming specialty store. This 30,000 SF building is uniquely situated on its site with its building close to Sprague Avenue, and its main parking lot to the west providing highest possible exposure. This property is also located directly in front of a Home Depot store and within a few blocks of a Walmart, Costco, and the freeway entrance to I-90. Big 5 Sporting Goods (NASDAQ: BGFV) is one of America s leading sporting goods retailers with over 400 stores nationwide. It has occupied its space since 1980 and recently exercised a 5 year lease renewal two years early, securing 7 years continued occupancy. Asking NNN lease rates for comparable retail spaces within the Spokane area currently average about $14.69/SF. Two of the current tenants of this property pay rates well below the market average. This provides a potential buyer an opportunity for increased income long-term. ADDRESS 5725 E Sprague Avenue, Spokane, WA BUILDING SIZE 29,936 SF YEAR BUILT 1980 ZONING Commercial/Retail MARKET Washington SUBMARKET Spokane/Coeur d Alene TENANTS Big 5 Sporting Goods, Cycle Gear, Game World LANDLORD RESPONSIBILITIES Building exterior, partial roof, partial HVAC EXISTING DEBT Offered with no debt in place SALE PRICE $2,795,000 $94/SF CAP RATE 7.50%

4 RENT ROLL Tenant SF Occupied Lease Commenced Lease Expiration Options to Renew Big 5 Sporting Goods 20,736 SF 6/10/1980 8/31/2025 (1) 5 year option Cycle Gear 5,600 SF 9/15/2007 8/31/2023 (1) 5 year option Monthly Net Rent Annual Net Rent Shell Rate/SF Annual Rent Increases Specific LL/Tenant Obligations $13,108 $157,296 $ 7.59 No, fixed Tenant respsonsible for its prorata share of property taxes, all roof maintenance, HVAC maintenance / replacements and fire and casualty insurance $ 6,165 $ 73,976 $ % every 3 years Tenant responsible for HVAC maintenance and replacements Game World 3,600 SF 11/15/ /30/2020 No $ 2,000 $ 24,000 $ 6.67 No, fixed LL responsible for all HVAC repairs and replacements Subtotal 29,936 SF $21,273 $255,272 Reimbused Expenses* $ 1,752 Adjusted Annual $257,024 Income *Big 5 Property Insurance Reimbursement to LL Actual 2017 Expenses: $32, Current NNN Income: $222, Maintenance & Vacancy Reserves (5%): - $12, Net Operating Income: $209,675.00

5 TENANT PROFILES BIG 5 SPORTING GOODS Founded in 1955, Big 5 Sporting Goods is a California-based retailer with 435 locations across 11 western states. Big 5 is a strong, publically traded company (NASDAQ: BGFV), and is continuing to expand its presence in new markets. Big 5 offers a wide range of sporting good products including athletic shoes and apparel, and equipment for camping, fishing, winter recreation and team sports.

6 TENANT PROFILES CYCLE GEAR Cycle Gear serves as a reputable store and resource for motorcycle gear and apparel. Since 1974, this retailer has expanded to over 130 stores in 35 states. Cycle Gear offers leading name brand products in addition to their in-house brands, to provide the best options for their customers, and to Fuel America s Passion to Ride.

7 TENANT PROFILES GAME WORLD Game World specializes in video game sales and services with products including vintage and the latest release video games, board games, and console and gaming device service repairs. Game World is one of California s largest independent video game retailers, and has expanded to 5 locations in California and Washington since 1999.

8 LOCATION HIGHLIGHTS County Fairgrounds SITE This property is located on E Sprague Avenue and other nearby major retailers include Costco, The Home Depot, Walmart, Lowe s, and Grocery Outlet. This is in a prime location just seconds off of I-90, making it easily accessible, and helping to generate traffic from locals and travelers passing through. All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt

9 DEMOGRAPHICS & LOCATION DEMOGRAPHICS 1 Mile 2 Miles Population 4,365 21,903 Households 1,972 8,958 Median HH Income $38,427 $50,206 Pop. Growth á4.8% á5.0% HH Growth á4.9% á5.2% TRAFFIC COUNT: 21,801 ADV ABOUT SPOKANE Seattle Coeur d Alene Spokane Missoula Nestled among the Spokane River and the foothills of the Rocky Mountains, Spokane and its surrounding area is vibrant and continuing to grow. With a population of 215,973, the City of Spokane is the second largest city in Washington. The area provides outdoor and urban amenities including fishing, whitewater rafting and arts and cultural experiences. Spokane is also home to numerous educational institutions including Gonzaga University and Whitworth University. Tri-Cities All of the information contained herein was obtained either from the owner or other parties we consider reliable. We have no reason to doubt