NORTHSTAR RETAIL GROUP OFFERING MEMORANDUM BROOKLYN PARK, MINNESOTA. Presented By NORTHSTAR

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1 NORTHSTAR RETAIL GROUP OFFERING MEMORANDUM BROOKLYN PARK, MINNESOTA Presented By NORTHSTAR of

2 INVESTMENT SUMMARY PRICE $1,100, % CAP Rate ADDRESS 8061 Brooklyn Boulevard Brooklyn Park, MN APN NET OPERATING INCOME $87,544 ($30.19/SF) LEASE TERM 2.7 Years LEASE TYPE NN BUILDING/LOT SIZE 2,900 SF/0.57 Acres YEAR BUILT 1995 TYPE OF OWNERSHIP Fee Simple Marcus & Millichap is proud to present the Leeann Chin restaurant in Brooklyn Park, Minnesota. This is a great opportunity for investors interested in a quick-service restaurant due to the tenant s long term tenancy in the building since The tenant has just under three years remaining on their lease, is in their second 5-year renewal option, and still has one 5-year renewal option left on their contract. Leeann Chin is a Minnesota based Asian quick service restaurant with well over fifty locations in the Midwest. The subject property is well situated next to high-traffic driving tenants such as Walmart, Target, Cub Foods, Menards, McDonald s, Chipotle, and multiple car dealerships. The METRO Blue Line Extension project is planning the construction of a commuter light-rail line through the northern suburbs, with a station planned at the corner of Brooklyn Boulevard and Broadway Avenue, less than a block away from this Leeann Chin location. Brooklyn Park is the sixth-largest city in Minnesota. The city lies just north of downtown Minneapolis in the most northern section of Hennepin County. The suburb is estimated to contain around 80,000 inhabitants. The North Hennepin Community College as well as a portion of the Hennepin Technical College are situated in the city which also has over 47 miles of trails and 67 parks. Highlights: Located in Brooklyn Park - 6th Largest City in Minnesota Situated Amongst Many High Traffic Tenants Such as Target and Walmart Nearly 20 Year Operating History at This Location Future METRO Blue Line Station On Adjacent Intersection

3 LEASE SUMMARY RENT SCHEDULE Date Range Annual Rent Per SF Current 7/1/2016-6/30/2021 $87, $30.19 Option 7/1/2021-6/30/2026 Fair Market Value TBD OPERATING SUMMARY Real Estate Tax Common Area Maintenance HVAC Property Insurance Utilities Repairs and Maintenance Roof Tenant shall pay taxes directly to the landlord within thirty days of receipt of the tax bill. Tenant responsible at its expense to maintain in good condition the doors and interior of premises including wiring, plumbing, heating, and venting. Tenant responsible to maintain in good condition at tenants expense Tenant responsible at its own expense to maintain insurance coverage Tenant shall pay all separately metered charges for heat, water, gas, electricity, telephone, sanitary sewer service, trash disposal, and other utilities. Landlord shall at its expense maintain and repair exterior and structural portions of the premises including but not limited to the roof. In the event of the roof needing replacement during the second renewal option(current), then the landlord will replace the roof at the landlord s expense with a tenant reimbursement based on the fraction which shall be calculated with the numerator being the remaining lease years remaining and denominator being the useful life of the new roof. LEASE SUMMARY Tenant Leeann Chin Lease Commencement (Estimated) June 11, 1999 Lease Expiration (Estimated) June 30, 2021 Lease Term Remaining 2.7 Years Renewal Options One 5-Year Option Notice for Options 180 Days Prior to the Expiration of the Current Lease Term

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7 TENANT SUMMARY Based in Bloomington, Minnesota, Leeann Chin is a quick service Chinese restaurant chain with over 50 locations throughout the Midwest, but mainly concentrated in the Minneapolis-St. Paul metro area. TENANT SUMMARY Ownership Private Tenant Trade Name Leeann Chin Lease Guarantor Corporate Lease Expiration (Est.) June 30,2021 No. of Locations 50+ The chain s namesake, Leeann Chin, was a Chinese immigrant who opened the first store in Stores offer a variety of entrée dishes, including chicken, beef, and pork, in Mongolian, Hunan, and Szechuan styles. The chain also offers its own proprietary frozen yogurt brand named Red Berry. Headquartered Bloomington, MN Years in Business 38 Website In the News Laura Chin helped build Leeann Chin. Her next act is a food hall near Surly. Leeann Chin remembered as pioneering Twin Cities restaurant entrepreneur

8 AERIAL EAST-FACING DRAGON STAR SUPERMARKET NORTHWIND PLAZA PLANNED LIGHT RAIL STATION 18,800 VEHICLES

9 AERIAL WEST-FACING THE SHOPPES AT ARBOR LAKES 2 MILES 20,600 VEHICLES SUBJECT PROPERTY 18,800 VEHICLES

10 AERIAL SOUTH-FACING DOWNTOWN MINNEAPOLIS MCDONALD S PANDA GARDEN EXPRESS SUBJECT PROPERTY

11 AERIAL ATLAS STAFFING JUDY S SALON NORTHWIND PLAZA BROOKLYN PARK WINE & SPIRITS THE SHOPPES AT ARBOR LAKES 2 MILES 18,900 VEHICLES PLANNED LIGHT RAIL STATION PARK COMMONS MCDONALD S

12 MARKET SUMMARY The sixth largest city in the state of Minnesota and the second-largest suburb of Minneapolis-St. Paul, Brooklyn Park is located on the bank of the Mississippi River, upstream from downtown Minneapolis. Brooklyn Park has been named a Tree City, home to 47 miles of trails, 67 parks, and the Edinburgh USA Golf Course, one of the top public golf courses in the nation. The Three Rivers Figure Skating Club is also located in the city, and the club serves over 150 members, representing 19 cities in Minnesota and South Dakota. The city is considered a bedroom community to Minneapolis and St. Paul and is home to over 80,000 people. Read more about the METRO Blue Line Extension:

13 DEMOGRAPHICS 1 Mile Radius 3 Mile Radius 5 Mile Radius 2017 Population 7,660 83, , Population 7,336 82, ,433 1 Mile 1 Mile Radius 3 Mile Radius 5 Mile Radius 3 Miles 2017 Total Households 2,589 31,047 86, Total Households 2,589 31,745 90,193 5 Miles 1 Mile Radius 3 Mile Radius 5 Mile Radius 2017 Average HH Income $72,061 $71,605 $87, Average HH Income $82,467 $81,050 $99,251

14 CONTACT Presented By SEAN DOYLE First Vice President Investments MATT HAZELTON First Vice President Investments AJ PRINS First Vice President Investments CORY VILLAUME First Vice President Investments (952) (952) (952) (952) NORTHSTAR of 1350 Lagoon Avenue Suite 840 Minneapolis, MN