Investment Opportunity. Cash-on-Cash Return of 15.58%

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1 Investment Opportunity Of f e r i n g M e m or a n d u m Cash-on-Cash Return of 15.58% Tucson Marketplace 250 N. Pantano Road, Tucson AZ, $3,995,000 - ($135.22/SF) 100% Occupied 7.93% CAP Rate 29,523 SF For more information, please contact exclusive listing agents: Romano Real Estate Corporation 3900 E Via Palomita Tucson, AZ Main Fax John G. Yarborough Ext john@romanorealestate.com David R. Carroll Ext David@romanorealestate.com The information contained herein has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current of future performance of the Property. You should conduct an independent investigation of all pertinent property information. We bear no liability for any errors, inaccuracies, or omissions. Contact Brokers For Financing Assumptions.

2 Investment Overview Investment Overview Asking Price $3,995,000 Gross Leasable Area 29,523 Square Feet Percent Leased 100% Year Built (250 N. Pantano Rd.) 2006 (22,370 square feet) Year Built (150 N. Pantano Rd.) 1988 (7,153 square feet) Lot Size 88,438 Square Feet (~2.03 Acres) Pima County Parcel Number CAP Rate 7.83% - based on current occupancy 2020 CAP Rate 8.01% - based on current occupancy 2021 CAP Rate 8.20% - based on current occupancy DESCRIPTION: Tucson Marketplace was originally developed as a Wal-Mart anchored Shopping Center with a couple of restaurant pads, a bank pad, and retail shops facing both Broadway Blvd. and Pantano Road. Wal-Mart relocated in order to accommodate their expansion to a Super Wal-Mart and their building was purchased by Sam Levitz Furniture ( who continue to occupy the building as a Sam s Furniture Outlet along with Ashley Furniture ( The shops facing Pantano Road (150 N. Pantano Road) were built in 1988, but the parcel was only partially developed. In 2006, with the 150 N. Pantano building at 100% occupancy, the balance of the parcel was developed with a 22,370 square foot building that was designed initially as a multi-tenant initially retail building. 150 N. Pantano has remained 100% occupied since 2006 and 250 N. Pantano has been 100% leased to InJoy Thrift ( since April of LOCATION: Tucson Marketplace is located at the NEC of Pantano Road and Broadway Blvd. in the east Tucson trade area. Tucson Marketplace as a whole offers over 1,200 feet of frontage on Pantano Road as well as nearly 700 feet of frontage on Broadway Blvd. Tucson, which is the second largest metropolitan area in Arizona, boasts a population of 535,677 within the City limits with over a million people in the greater Tucson metropolitan area. The property is well parked, and has multiple points of access on both Pantano and Broadway. TRADE ADEA: Tucson Marketplace is a located in the heart of east Tucson. Major retailers in the immediate area include Home Depot, Kohl s, La-Z-Boy, Ashley Furniture, Sam s Furniture Outlet, Sprout s Farmer s Market, and PetSmart. TENANT MIX (PANTANO SHOPS): The shops located at 150 N. Pantano Road have been leased for over 12 years to the existing tenants (orthodontist, laundromat, salon, and pizza restaurant). OrthoPros, who occupies over 41% of the 150 N. Pantano building and has 3 locations in Tucson, recently completed a major renovation to their space and signed a 10 year lease extension. InJoy Thrift, a thrift store whose goal is to support and fund Christian based ministries both locally and internationally, has locations in North Carolina, Florida, and Arizona. InJoy Thrift occupies the entire 250 N. Pantano building LEASE TYPES: All tenants are on NNN leases. ZONING: The property is zoned C-1 in the City of Tucson. TRAFFIC COUNTS: Pantano Road: 23,300 vehicles per day Broadway Blvd: 30,259 vehicles per day (Source: Pima Association of Governments) DEMOGRAPHIC SUMMARY: 1 mile 3 mile 5 mile Population 16, , ,935 Median Age 39.2 yrs 40.7 yrs 40.2 yrs Total Households 8,400 53,091 95,731 Median Household Income $33,613 $44,068 $45,000 Average Household Income $42,724 $55,772 $59,137

3 Aerial Aerial SITE Tucson Market place

4 Site Plan Site Plan The Rice Bowl *The Rice Bowl Is Not Included In The Purchase*

5 Tenant Profiles Headlines Hair Studio: Headlines Hair Studio provides services such as haircutes, waxing, and nail servicing. Tenant Profiles Hungry Howies Pizza: Hungry Howies Pizza is a national pizza franchise that was founded in They are loyal to their tradition of providing high-quality pizza with both traditional and flavored crusts. Their menu also features oven-baked calzones, Howie Breads, salads, and flavored wings. They now have over 550 locations in 20 states across the US. InJoy Thrift: InJoy Thrift Stores opened its first store in Rocky Mount, NC in 2011, the store in Tucson in 2014, and stores in Goldsboro, NC and Melbourne, FL in Since its opening, the store in Tucson has seen consistent annual increases in average gross monthly sales and average transaction amount per customer as the store continues to strengthen its position in the Tucson market. InJoy Thrift Stores is a project of CMS (Community Ministry Support) Inc., a notfor-profit ministry with a goal of supporting local and international Christian ministries. 50% of the profits from each store support D.O.O.R. (Deaf Opportunity OutReach) International ( with the other 50% of the profits supporting local Christian Ministries. Tucson s store has chosen to support the Sheepfold of Arizona ( a shelter for abused women and children. InJoy Thrift Stores are operated on Christian principles, by Christian people from area churches. Their stores provide great merchandise that has been donated locally and then sold at great prices. S&V Dotson Laundry: S&V Dotson Laundry is a laundry facility that offers a drop-off and pick-up dry cleaning station. OrthoPros: Orthopros offer a wide range of orthodontic and dental treatment options to meet the unique needs of each individual patient. They have 3 locations across Tucson and have maintained a standard of quality care.

6 Pro-Forma Pro-Forma: Cap Rate Analysis Sale Price: $3,995, $3,995, $3,995, $3,995, Pro-Forma Net Operating Income: $312, $319, $327, $335, CAP Rate: 7.83% 8.01% 8.20% 8.40% Shopping Center Size: 29,523 29,523 29,523 29,523 Price/sf: $ $ $ $135.32

7 Rent Roll: 150 N. Pantano Suite # Tenant Name GLA % of GLA 2019 Annual 2019 Avg Rent/sf Rent Roll Lease Type Lease Began Lease Ends Increases Options Rent Roll 100 OrthoPros 2, % $62, $20.05 NNN 11/20/ /30/2026 3% Annual None 104 Hungry Howie s Pizza 108 Headline Hair Studio % $19, $22.00 NNN 8/1/ /31/2020 None 2 Five Year with 75 / sf annual increases % $20, $23.00 NNN 11/1/ /31/ /sf annual increases 112 Pantano Laundry 2, % $40, $15.54 NNN 8/1/ /30/ /sf annual increases 250 N. Pantano 7, % $144, $20.17 Suite # Tenant Name GLA % of GLA 2019 Annual 2019 Avg Rent/sf 1 Five Year with 50 / sf annual increases None Lease Type Lease Began Lease Ends Increases Options 115 InJoy Thrift 22, % $168, $7.54 NNN 4/9/2014 9/30/2028 2% Annual None Totals 29,523 $312, $10.60

8 Rental Projections Rental Projections: Tenant 2019 Annual 2019 Avg Rate 2020 Annual 2020 Avg Rate 2021 Annual 2021 Avg Rate Rental Projections OrthoPros $62, $21.27 $64, $21.91 $66, $22.57 Hungry Howie's Pizza $19, $22.00 $19, $22.13 $20, $22.88 Headline Hair Studio $20, $23.08 $21, $23.58 $21, $24.08 Laundry on Pantano $40, $17.04 $42, $17.54 $43, $18.04 InJoy Thrift $168, $7.54 $171, $7.69 $175, $7.84 Totals: $312, $10.60 $319, $10.84 $327, $11.10