Shelby Corners. Northwest Corner of Hall Road and Schoenherr Road Utica (Detroit MSA), Michigan. Ben Wineman (630)

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1 Shelby Corners Northwest Corner of Hall Road and Schoenherr Road Utica (Detroit MSA), Michigan For further information contact owner s exclusive representatives Ben Wineman (630) bwineman@midamericagrp.com Carly Gallagher (630) cgallagher@midamericagrp.com Daniel Stern (248) dstern@midamericagrp.com

2 Shelby Corners is a two big-box Bed Bath & Beyond brand power center with upside potential located in one of the dominant super-regional trade areas in the northern Detroit suburbs. INVESTMENT CONSIDERATIONS Mid-America Real Estate Corporation, in cooperation with Mid-America Real Estate Michigan Inc., (hereinafter referred to as MAREC ) has been retained by the owner to sell the 100% fee simple interest in Shelby Corners ( The Property ). This high quality asset is an attractive real estate investment based on the following attributes: Strong Credit Tenants The center is 93% leased to buybuy BABY and Christmas Tree Shops, which are both part of the Bed Bath & Beyond family of brands. buybuy BABY and Christmas Tree Shops contribute 100% of the in-place gross income and have lease terms through January Category-Dominating Shadow Anchors Target (NYSE: TGT), Planet Fitness (NYSE:PLNT), and Dollar Tree (NASDAQ: DLTR) shadow-anchor Shelby Corners and provide outstanding drawing power. Target is the secondlargest discount retailer in the country (1,797 locations), Planet Fitness is the largest fitness center franchise (1,148 locations), and Dollar Tree is the nation s second largest discount variety retailer (14,129 locations). Top Super-Regional Trade Area Shelby Corners is extremely well positioned at the center of a super-regional trade area totaling over 6 million square feet and directly across the street from Lakeside Mall, an enclosed superregional shopping center anchored by JC Penney, Lord & Taylor, Macy s, and Sears. Lakeside Mall is the largest mall in Michigan based on floor area and features the first H&M in the state. Three miles east along Hall Road is The Mall at Partridge Creek, an upscale regional lifestyle center that contains 650,000 square feet of high-end retail and is anchored by Nordstrom and Carson s. The surrounding area boasts one of the most dense middle-income population centers in the Detroit metropolitan area; within five miles of the center, there are 246,511 residents enjoying average household incomes of $77,137. Excellent Access and Visibility The center features excellent visibility from the intersection of M-59 (Hall Road) and Schoenherr Road, which sees combined traffic counts of 120,000 vehicles per day and provides access to the surrounding communities of Utica, Sterling Heights, and Clinton Township. The center is also well positioned one mile east of M-53 (Van Dyke Freeway/68,600 VPD). Value-Add Opportunity One suite totaling 5,516 square feet is available for lease-up, which could increase the NOI by approximately 29%. The Property also includes one available outlot that can be developed to accommodate approximately 3,600 square feet. Leveraged Yields The property is being offered free and clear of any existing debt, allowing a Purchaser to procure an attractive market rate loan that could enhance yields on the investment.

3 LOCATION & MARKET Shelby Corners is located in Utica, Macomb County, Michigan, 34 miles north of downtown Detroit. Macomb County is well diversified between the following industries: advanced manufacturing and automotive; retail services; agriculture; and aerospace and defense. The area within a 3 mile radius of Shelby Corners has a healthy daytime employee count of 53,506 FTEs. Located at the main and main intersection of M-59 (Hall Road) and Schoenherr Road with combined traffic counts of 120,000 vehicles per day, the center is also strategically positioned one mile from M-53 (Van Dyke Freeway), which features traffic counts of 68,600 traffic counts a day. Additionally, the extra charges of $3.15 psf at Shelby Corners are well-below the market average, further enhancing its appeal in the trade area. Shelby Corners serves the Hall Road super-regional trade area, which is anchored by two regional malls, totals 6 million square feet, and features an overall market occupancy of 93%. Notable big box retailers in the immediate trade area include Art Van Furniture, Babies R Us, Barnes & Noble, Bed Bath & Beyond, Best Buy, Costco, Dave & Buster s, Dick s Sporting Goods, DSW, Gander Mountain, Hobby Lobby, Jo-Ann Fabrics, Kohl s, Kroger, Lifetime Fitness, Lowe s, Michaels, Meijer, Office Depot, Old Navy, Party City, Petco, PetSmart, Sam s Club, The Home Depot, TJ Maxx, Toys R Us, Value City Furniture, and Walgreens. The following chart details the outstanding demographic profile of the surrounding communities within a 3 and 5 mile radius of the center. Distance from Subject: 3 Mile Radius 5 Mile Radius 2016 Estimated Population 101, , Estimated Households 42,104 96,449 Average Household Income $70,207 $77,137 Estimated Adjusted Daytime Population 53,506 97,743 Median Home Value $213,891 $235,585 PROPERTY DESCRIPTION Built in 1987 and renovated in 2008, Shelby Corners is situated on 6.86 acres and has 76,390 square feet of gross leasable area. The property includes one single-story building with three tenant suites. The property is accessible from seven total points of ingress and egress: three points along M-59 (Hall Road) and four points along Schoenherr Road. The center provides ample parking; there are 6.48 spaces per 1,000 square feet of gross leasable area. TENANCY Shelby Corners is 93% leased to two Bed Bath & Beyond owned concepts, buybuy BABY and Christmas Tree Shops, featuring a remaining lease term of 8.1 years and providing a Purchaser with stable in-place cash flow. Christmas Tree Shops is a retail chain with 79 locations across 21 states that sells a variety of merchandise, including household furnishings, seasonal gifts, and holiday decorations. buybuy BABY is a baby merchandise retailer that sells strollers, car seats, baby nursery furniture, and crib bedding; the company operates 105 stores nationwide. buybuy BABY and Christmas Tree Shops are the retailers only locations within 27 and 38 miles, respectively, which will ensure their long-term presence at the center. Target, Planet Fitness, and Dollar Tree shadow-anchor Shelby Corners and provide three of the best draws in the retail business. There is 5,516 square feet available for lease-up and the potential to develop approximately 3,600 additional square feet as an outparcel, which could enhance returns on the investment. PRICING Shelby Corners is being offered unpriced and free and clear of any existing debt. In-Place Net Operating Income: $471,132 Stabilized Net Operating Income: $534,165

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5 For further information contact owner s exclusive representatives. Ben Wineman (630) bwineman@midamericagrp.com Carly Gallagher (630) cgallagher@midamericagrp.com in cooperation with Daniel Stern (248) dstern@midamericagrp.com CLICK HERE to go to Property Website Oak Brook Office One Parkview Plaza, 9th Floor Oakbrook Terrace, IL P: F: Chicago Office 435 North Michigan Avenue, Suite 2009 Chicago, IL P: F: Detroit Office Woodward Avenue, Suite 100 Bloomfield Hills, MI P: F: Milwaukee Office 648 N. Plankinton Avenue, Suite 264 Milwaukee, WI P: F: Minneapolis Office 5353 Wayzata Boulevard, Suite 650 Minneapolis, MN P: F: