OFFERING MEMORANDUM ROCKAWAY PLAZA 295 ROUTE 46, ROCKAWAY NEW JERSEY

OFFERING MEMORANDUM ROCKAWAY PLAZA 295 ROUTE 46, ROCKAWAY NEW JERSEY

2 OFFERING MEMORANDUM TABLE OF CONTENTS A B C EXECUTIVE SUMMARY PROPERTY ANALYSIS MARKET OVERVIEW

3 OFFERING MEMORANDUM PROPERTY OVERVIEW ROCKAWAY PLAZA 295 ROUTE 46, ROCKAWAY NEW JERSEY The Goldstein Group is pleased to present for sale Rockaway Plaza, a 102,254 SF highway retail center located in Rockaway, NJ. Rockaway Plaza sits on 6.78 acres of land and has ample visibility and parking with over 320 of frontage along Rt 46. The property is currently 82.23% occupied with a strong mix of both regional and national tenants. ANCHOR TENANTS:

4 OFFERING MEMORANDUM OFFERING SUMMARY PRICING NET OPERATING INCOME CAP RATE TENANTS $15,710,438 $903,350.19 5.75% Dollar General, Maaco, Aaron s Rental, AT&T, Retro Fitness, Bright Horizons PROPERTY SPECIFICATIONS TOTAL AREA LAND AREA OCCUPANCY PARKING SPACES YEAR BUILT/RENOVATED OWNERSHIP 102,254 SF 6.78 Acres 82.23% 177 1945/2008 Fee Simple (Land & Building) EXPENSES RE TAXES CAM INSURANCE $136,787.20 $182,338.00 $27,033.04 REIMBURSED RE TAXES CAM INSURANCE $75,752.75 $98,966.78 $14,970.90

5 OFFERING MEMORANDUM CURRENT RENT ROLL (82.23% OCCUPANCY) No. TENANT LEASE STARTS LEASE EXPIRES LEASE OPTION TERM SF MONTHLY FIXED RENT ANNUAL RENT PSF 1 Ramm Auto, Inc. 9/1/2007 8/31/2030 2 x 5 11,438 $8101.92 $97,223 $8.50 2 10,000 3 Aaron s 5/1/2010 4/30/2020 2 x 5 7,892 $7,948.00 $95,376 $12.09 4A Elite Martial Arts 5/1/2013 2/28/2023 1 x 5 2,843 $4,036.40 $48,437 $17.04 4B 850 5A A&D Wireless Corp. 7/1/2014 6/30/2021 2 x 5 1,760 $2,860.00 $34,320 $19.50 5B 1,300 4C 2,200 5C 250 5D B Natural Piano 10/10/2014 10/31/2015 1 x 1 900 $1,000.00 $12,000 $13.33 6 Dance Connection 1/1/2010 6/30/2019 N/A 3,800 $4,348.34 $52,180 $13.73 7 Dollar General 9/11/2009 10/31/2021 1 x 5 10,000 $9,500.00 $114,000 $11.40 8 Carpet One 9/1/2013 8/31/2018 1 x 5 4,826 $7,641.00 $91,692 $19.00 9 B Natural Piano 7/1/2018 6/30/2025 7 2,700 $4,725.00 $56,700 $21.00 10 Timeless Fitness 11/1/2015 10/31/2027 3 x 5 17,000 $16,291.67 $195,500 $11.50 11 (Storage) 3,500 12 Bright Horizons 5/1/2008 12/31/2026 N/A 20,995 $21,865.81 $262,390 $12.50 TOTAL 102,254 $1,059,818

6 OFFERING MEMORANDUM PROFORMA No. TENANT LEASE STARTS LEASE EXPIRES LEASE OPTION TERM SF MONTHLY FIXED RENT ANNUAL RENT PSF 1 Ramm Auto, Inc. 9/1/2007 8/31/2030 2 x 5 11,438 $8101.92 $97,223 $8.50 2 10,000 $120,000 $12.00 3 Aaron s 5/1/2010 4/30/2020 2 x 5 7,892 $7,948.00 $95,376 $12.09 4A Elite Martial Arts 5/1/2013 2/28/2023 1 x 5 2,843 $4,036.40 $48,437 $17.04 4B 850 $8,500.00 $10.00 5A A&D Wireless Corp. 7/1/2014 6/30/2021 2 x 5 1,760 $2,860.00 $34,320 $19.50 5B 1,300 $13,000.00 $10.00 4C 2,200 $22,000.00 $10.00 5C 250 $2,500.00 $10.00 5D B Natural Piano 10/10/2014 10/31/2015 1 x 1 900 $1,000.00 $12,000 $13.73 6 Dance Connection 1/1/2010 6/30/2019 N/A 3,800 $4,348.34 $52,180 $11.40 7 Dollar General 9/11/2009 10/31/2021 1 x 5 10,000 $9,500.00 $114,000 $19.00 8 Carpet One 9/1/2013 8/31/2018 1 x 5 4,826 $7,641.00 $91,692 $21.00 9 B Natural Piano 7/1/2018 6/30/2025 7 2,700 $4,725.00 $56,700 $11.50 10 Timeless Fitness 11/1/2015 10/31/2027 3 x 5 17,000 $16,291.67 $195,500 11 (Storage) 3,500 $35,000.00 $10.00 12 Bright Horizons 5/1/2008 12/31/2026 N/A 20,995 $21,865.81 $262,390 TOTAL 102,254 $1,260,818

7 OFFERING MEMORANDUM

8 OFFERING MEMORANDUM TENANT LINE-UP 1st FLOOR TENANT SUITE AREA 1 Ramm Auto, Inc. 1 11,438 SF 2 AVAILABLE 2 10,000 SF 3 Aaron s 3 7,892 SF 4 Elite Martial Arts Academy 4A 2,843 SF 5 AVAILABLE 4B 850 SF 6 AVAILABLE 4C 2,200 SF 7 B Natural Piano (Storage) 5D 900 SF 8 The Dance Connection 6 3,800 SF 9 AVAILABLE 5C 250 SF 2nd FLOOR 10 A&D Wireless Corp. 5A 1,760 SF 11 AVAILABLE 5B 1,300 SF 12 Dollar General 7 10,000 SF 13 Carpet One 8 4,826 SF 14 B Natural Piano School 9 2,700 SF 15 Bright Horizons 12 20,995 SF 16 Retro Fitness 10 17,000 SF 17 AVAILABLE 11 3,500 SF TOTAL 102,254 SF

9 OFFERING MEMORANDUM Located at the heart of the route 46 Rockaway market, Rockaway Plazas trade area continues to experience steady growth with recent new developments. Route 46 is a heavily trafficked commuter road with over 30,000 vehicles per day. ±30,000 DAILY CAR COUNT EXCELLENT HIGHWAY EXPOSURE LOCATED IN THE HEART OF THE RT 46 ROCKAWAY MARKET SITUATED 40 MILES FROM NYC

10 OFFERING MEMORANDUM DEMOGRAPHICS AVERAGE HH INCOME $118,324+ 1 MILE RADIUS DAYTIME POPULATION 42,471+ 3 MILE RADIUS DAYTIME POPULATION 1 MILE 3 MILES 5 MILES 7,348 42,471 84,086 AVERAGE HH INCOME 1 MILE 3 MILES 5 MILES $118,324 $124,499 $140,659

11 OFFERING MEMORANDUM ABOUT THE AREA MORRIS COUNTY Morris County is a county located in the U.S. state of New Jersey, about 25 mi (40 km) west of New York City As of the 2017 Census estimate, the county s population was 499,693, making it the state s 10th-most populous county, and marking a 1.5% increase from 2010. The county is part of the New York Metropolitan Area, and its county seat is Morristown.The most populous place was Parsippany-Troy Hills Township, with 53,238 residents at the time of the 2010 Census, while Rockaway Township covered 45.55 square miles (118.0 km2), the largest total area of any municipality. In 2015, the county had a per capita personal income of $86,582, the highest in New Jersey and ranked 24th of 3,113 counties in the United States. Morris County, as of the 2000 Census, was the sixth-wealthiest county in the United States by median household income at $77,340 (second in New Jersey behind Hunterdon County at $79,888), sixth in median family income at $89,773 (third in New Jersey behind Hunterdon County at $91,050 and Somerset County at $90,605) and ranked tenth by per capita income at $36,964 (second in New Jersey behind Somerset County at $37,970). The Bureau of Economic Analysis ranked the county as having the 16th-highest per capita income of all 3,113 counties in the United States (and the second highest in New Jersey) as of 2009. The county ranked third in the New York Metropolitan area in terms of median income.

12 OFFERING MEMORANDUM EXCLUSIVE BROKERS Please contact any of the below brokers for answers to any questions or to learn more about the property. C.J. HUTER (201) 703-9700 x118 cjhuter@thegoldsteingroup.com LEW FINKELSTEIN (201) 703-9700 x122 lfinkelstein@thegoldsteingroup.com CHRISTIAN MAROLAKOS (201) 703-9700 x134 cmarolakos@thegoldsteingroup.com 45 Eisenhower Drive, Paramus, NJ http://www.thegoldsteingroup.com