Investment. Tenancy. Location INVESTMENT SUMMARY PROPERTY SUMMARY

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1 OFFERING PREVIEW 2525 M STREET, NW, WASHINGTON, DC

2 Investment Highlights Tenancy New 20-yr NNN Lease with one 5-yr option 2.5% annual rental escalations throughout term E-commerce resistant and experiential dining Collect additional rent as percentage of sales Internationally renowned, 38 locations worldwide Location Superior demographics: AHI of $142,743 and population of 192,324 (2 mile radius) West End neighborhood boasts city s most upscale restaurants, residences, and hotels 3,000 hotel rooms in surrounding area: The Four Seasons, Fairmont, Ritz Carlton, Park Hyatt and The Watergate Close proximity to world renowned universities: Georgetown, George Washington, American, Johns Hopkins in Baltimore Cushman & Wakefield Retail Investment Advisors exclusively present 2525 M Street Northwest, Washington, D.C. ( The Property ) a street-level urban retail asset occupied by Nobu. The 13,211-square-foot restaurant operates under a net lease with an initial 20 year term and 2.5% annual escalations. Additionally, Nobu is obligated to pay percentage rent based on of sales in excess of a pre-determined threshold and has one 5-year option to extend occupancy at fair market value rent M Street Northwest was selected by this international restaurant collection to serve as the brand s first D.C. location. The Property, which sits at the base of a recently renovated 59-unit luxury residential condominium, 2501 M, is only a short distance from Georgetown, Foggy Bottom and Dupont Circle. Nobu is situated just steps from several foreign embassies and Georgetown s M Street corridor, the region s most premier and internationally recognized shopping street M Street Northwest presents the opportunity to acquire a trophy asset secured by long term tenancy at the base of a premier luxury residential complex. The Property offers an investor stable income and embedded annual rent growth from an innovative and globally celebrated brand at an exceptional location. PROPERTY SUMMARY INVESTMENT SUMMARY Location Washington, D.C. Investment Type NNN Address 2525 M Street NW, Washington, D.C. Occupancy 100% Property Type Commercial Condominium Tenant Nobu Size 13,211 SF Premises 13,211 SF Completed 2017 Lease Term 20 Years Ownership Fee Simple

3 Chef Nobu Matsuhisa s renowned, international chain combines refined Japanese-Peruvian dishes and fine NOBU 13,211 SF Lease End: 8/31/37 COMPANY PROFILE Year Founded: 1994 Industry: Restaurant Current Number of Stores Worldwide: 38 Current Number of Stores in the U.S.: 15 New Stores to Open in the U.S : 7 sushi. Serene luxury pervades the spacious, tastefully designed dining room and lounge areas. The venue offers multiple options for private dining, the largest of which includes two secluded outdoor patios. Over the last nearly 25 years, Nobu has opened 38 restaurants across five continents in cities such as Miami, London, Hong Kong, and Dubai. In recent years, the luxurious Nobu lifestyle has transcended into hospitality with nine Nobu branded hotels, suites, and villas across the world and seven more slated to open over the next two years. As the Nobu brand continues to selectively open new restaurants, it is largely influenced by Chef Matsuhisa s extensive travels throughout the world. Marrying traditional food from his native country of Japan with flavors discovered from his time spent in Peru, Nobu classics such as the Rock Shrimp Tempura and Miso Black Cod have enchanted diners for more than 20 years. Nobu s impressive collection of restaurants have received top honors from culinary institutions around the world including a James Beard Foundation award for Best New Restaurant and the sought-after Michelin Star.

4 Washington D.C. Border 6.1 M TOTAL POPULATION 50% HOLD AT LEAST A BACHELORS DEGREE 72% EMPLOYED IN WHITE COLLAR JOBS $142,743 AVERAGE HOUSEHOLD INCOME WITHIN 2 MILES

5 Points Of Interest West End Neighborhood West End CBD Georgetown Embassy of Qatar Embassy of Spain Embassy of Tajikistan Delegation of the European Union

6 MARK GILBERT Executive Managing Director MICHAEL MARKS Managing Director EVAN HALKIAS Managing Director DAVID MATHEIS Associate Director KALEIGH JONES Associate DAVID DORROS Vice Chairman