4570 Klahanie Drive SE Sammamish, WA 98029

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1 (NAP) klahanie shopping Paul Sleeth Executive Vice President Billy Sleeth Executive Vice President

2 Seattle bellevue redmond issaquah sammamish klahanie SE Issaquah - Fall city rd

3 (NAP) Klahanie Shopping Center presents an opportunity to acquire an institutional quality offering located on the coveted eastside on the Sammamish/Issaquah plateau. The asset benefits from a high performing QFC (shadow anchor), captive master planned residential community with average household incomes in excess of $140,000, high level of occupancy, strong recession proof tenant mix, attractive construction, strong NOI growth, and true barriers to entry. The asset is one of the finest neighborhood shopping s to be offered in the Pacific Northwest in the past five years. coveted sammamish plateau location secure income stream quality construction no debt barriers to entry strong intersection leasing momentum rental increases/noi growth QFC (Kroger) shadow anchor 93% leased sustainable rents high growth trade area captive residential trade area proper tenant mix seasoned tenancy $140K+ average household incomes

4 INVESTMENT HIGHLIGHTS» Coveted Plateau Location Klahanie Center is located in the heart of the Issaquah/Sammamish Plateau, one of Seattle s wealthiest income areas with average household incomes in excess of $140,000.» Barriers to Entry The location is protected with no remaining large undeveloped retail zoned land available in the trade area. The asset is well positioned for the foreseeable future.» QFC (Kroger) Shadow Anchor - The is anchored by a strong performing QFC grocer. Although not part of the offering QFC provides strong draw and stability to the investment. QFC (Kroger) owns their own store supporting long-term commitment to the location.» Captive Residential Trade Area Klahanie Center benefits from a captive location surrounded by the affluent master planned Klahanie neighborhoods.» Secure/Balanced Income Stream The offering presents an extremely protected income stream due to tenant size and mix with no single tenant representing more than 7% of the income stream.» Rental Increases/NOI Growth The NOI grows 39% over the 10-year hold period with strong contracted rental increases.» Strong Intersection The property is located at the highly traveled signalized intersection of Issaquah-Fall City Road and Klahanie Drive SE. Issaquah-Fall City Road is the only major thoroughfare connecting the Issaquah Plateau to I-90 and SR 202. Klahanie Drive provides immediate access west to the residential neighborhoods.» Diverse Tenant Mix The offering benefits from a complimentary mix of retail, service, and destination oriented tenants creating synergy and a recession proof tenant line-up.» Quality Construction The benefits from quality construction and attractive curb appeal.» Leasing Momentum Three leases totaling 8,123 square feet have been executed in the past 12 months providing strong momentum and providing momentum to capitalize on remaining leasing upside.» Sustainable Rents Current in-place rents are sustainable which is backed up by the most recent new and renewed leases.» Committed Tenancy - 16 of the 29 tenants have been located at the for over 16 years and 19 of the tenants have been located at the for over 10 years.» No Debt The investment is being offered without an obligation to assume debt allowing investors the ability to take advantage of today s aggressive lending environment.» High Growth Trade Area - The Issaquah/Sammamish area has experienced 187% population growth since Currently there are more than 3,600 residential units planned and/or under construction in the area. Issaquah is projected to add 19,225 new jobs and 7,750 new residential units over the next 20 years.» 93% Leased The asset is 93% leased which is a testament to the location and quality of.

5 R klahanie shopping site plan SUITE TENANT SQUARE FEET CLEANERS 320 Anytime Fitness 6, Hop Jacks 5, Chan's Restaurant 4, Swedish Health 4, Brightmont Academy 3,875 HAWKINS ORTHODONTIC 320 FAMILY DENTISTRY CHIROPRACTIC AVAILABLE ISSAQUAH NAILS EYE CARE SWERVE HELPPIE MUSIC AVAILABLE WORLD TAE KWON DO (NAP) Great Clips 101 VET CHAN S RESTAURANT SE ISSAQUAH FALL CITY RD 701 Chevron 2, Peak Sports and Spine 2, Wells Fargo 2, A Thai Ginger 2, Pet Pros 2, Hawkins Orthodontic 2, Klahanie Veterinary 1, Klahanie Cleaners 1, The UPS Store 1, Starbucks 1, Helppie Music 1, Swerve Driver Training 1, Klahanie Eye Care 1, Klahanie Family Dentistry 1, Klahanie Chiropractic 1, Available 1, Great Clips 1, Available 1, Papa Murphy's 1,215 AVAILABLE SERVICE STATION 501 Subway 1, Yoko 3 Teriyaki 1, Available 1, ALBERT S JEWELERS 506 Available 1, Edward Jones 1,050 AVAILABLE YOKO 3 TERIYAKI THAI GINGER HOP JACKS DRIVE SE 313 World Tae Kwon Do Academy 1, Issaquah Nails 1, Mathnasium 1, Albert's Jewelers 785 TOTAL 66,895

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7 klahanie shopping retail Trade area aerial SAMMAMISH UNDER CONSTRUCTION SHOPPING CENTER GRAND RIDGE PLAZA ISSAQUAH

8 demographics Population 1 mile 3 miles 5 miles 2000 Population 10,870 31,948 65, Population 12,081 49,628 89, Population 12,642 54,064 96, Population 13,565 59, , Annual Rate 1.06% 4.50% 3.24% Annual Rate 0.87% 1.64% 1.40% Annual Rate 1.42% 1.83% 1.70% 2015 Male Population 49.1% 48.9% 49.1% 2015 Female Population 50.9% 51.1% 50.9% 2015 Median Age mile 3 miles 5 miles Median Household Income 2015 Median Household Income $110,712 $111,301 $117, Median Household Income $124,916 $124,139 $130, Annual Rate 2.44% 2.21% 2.17% Average Household Income 2015 Average Household Income $139,648 $142,180 $147, Average Household Income $160,786 $160,673 $166, Annual Rate 2.86% 2.48% 2.51% Per Capita Income 2015 Per Capita Income $50,032 $52,783 $53, Per Capita Income $57,421 $59,521 $60, Annual Rate 2.79% 2.43% 2.46% Households by Income

9 financials Year-1 As-Is Net Operating Income: $1,864,105 Year-2 Net Operating Income: $2,035,611 Year-10 Net Operating Income: $2,590,312 39% NOI Increase Year 1 - Year 10 Price: Best Offer Total Leasable SF: 66,895 SF Occupancy: 93% Total Land Size: 336,954 SF (7.117 Acres) Financing: Free & Clear