SOUTHWEST CORNER OF CAPITOL DRIVE & 124TH STREET BROOKFIELD (SUBURBAN MILWAUKEE), WISCONSIN

SOUTHWEST CORNER OF CAPITOL DRIVE & 124TH STREET BROOKFIELD (SUBURBAN MILWAUKEE), WISCONSIN

INVESTMENT HIGHLIGHTS S U B J E C T O F F E R I N G Mid-America Real Estate Corporation, in cooperation with Mid-America Real Estate Wisconsin, LLC (a licensed Wisconsin broker), has been retained by the owner to sell the 100% fee simple interest in Shoppers World of Brookfield, a community center with substantial upside potential located in the dense Milwaukee suburb of Brookfield, Wisconsin. Location: GLA: Tenants: Shadow Anchor: Southwest Corner of Capitol Drive & 124th Street Brookfield, Wisconsin 202,582 SF Ross Dress for Less, Burlington, Xperience Fitness, O Reilly Automotive, Chick-fil-A (ground lease) Pick n Save Occupancy: 78% Traffic Counts: Capitol Drive - 45,300 VPD 124th Street - 25,800 VPD

KEY FEATURES OUTSTANDING TENANT LINE-UP Shoppers World of Brookfield features a dynamic mix of complementary national retailers including Ross Dress for Less, Burlington, Xperience Fitness, O Reilly Automotive, and Chick-fil-A (ground lease), which make up more than 78% of the in-place gross income. Additional tenants include Potbelly Sandwich Works, AT&T, Sally Beauty, FedEx Office, and more. DOMINANT GROCERY SHADOW ANCHOR Shadow-anchored by a strong performing Pick n Save (Kroger Co.), the subject offering benefits from significant consumer draw to the property. Pick n Save is the dominant grocer in the greater Milwaukee area based on market share (34%). The Kroger Co. is the United States largest supermarket chain by revenues, the third-largest general retailer (behind Walmart and Costco), and the 18th largest company in the United States. DENSE DEMOGRAPHIC PROFILE The subject offering benefits from a high-density middle income demographic profile: there are 236,000 residents enjoying an average household income of $83,000 within a five-mile radius. EXCELLENT VISIBILITY AND TRAFFIC FLOW The center is strategically positioned at the heavily trafficked corner of Capitol Drive (45,300 VPD) and 124th Street (25,800 VPD), directly west of a full interchange with I-41/U.S. 45 (140,000 VPD), making the center easily accessible to the near west suburban Milwaukee communities of Brookfield and Wauwatosa. DYNAMIC RETAIL LOCATION Shoppers World of Brookfield is located in the Mayfair regional trade area less than two miles north of Mayfair Mall, which is the top performing enclosed mall in the State of Wisconsin with average inline sales in excess of $600 per square foot. The mall is anchored by Nordstrom and Macy s, and features Apple, Crate & Barrel, and Athleta, amongst other strong tenants. The Mayfair regional trade area has nearly 3 million square feet of retail space and is 94% occupied. SUBSTANTIAL UPSIDE POTENTIAL Shoppers World features a unique value-add opportunity in this trade area as the property is 78% leased largely due to the recent vacancy of the former TJ Maxx. A buyer could add approximately $730,000 of gross income by leasing up nearly 45,000 square feet of space including a 35,000-square-foot box and three small shop spaces. In addition, there is an opportunity to sell off the freestanding First Citizens Bank & Trust (separately parceled), Chick-fil-A ground lease, and multi-tenant outlot (separately parceled) at an attractive cap rate arbitrage. $ LEVERAGED YIELDS The property is being offered free and clear of any existing debt, allowing a Purchaser to procure an attractive market rate loan that should substantially enhance investment yields. DEMOGRAPHIC PROFILE WITHIN 5-MILE RADIUS: POPULATION 235,748 HOUSING UNITS 92,999 MEDIAN HOME VALUE $203,108 DAYTIME POPULATION 263,568 AVERAGE HH INCOME $83,087 MEDIAN AGE 37.8

LEASING PLAN Capitol Drive (45,300 VPD) Tenant Name Unit Square Feet Vacant 1 3,900 Vacant 5 2,450 Chubby's Cheesesteaks 7 2,431 O'Reilly Automotive 9 6,815 Vacant 51 34,872 Xperience Fitness 55 54,756 Ross Dress for Less 61 24,777 Burlington 67 48,783 First Citizens Bank & Trust 71 3,848 Chick-fil-A (GL) OP1 4,876 AT&T 11 1,876 FedEx Office 12 1,925 Vacant 14 3,200 Great Clips 15 1,213 Sally Beauty Supply 16 1,400 Aspen Dental 17 3,360 Potbelly Sandwich Works 19 2,100 Total 202,582 (NAP) (NAP) 71 55 OP-1 51 67 11 12 14 61 15 16 17 9 7 5 19 N 124th Street (25,800 VPD) 1 (95,055 SF)

LOCATION & MARKET Shoppers World of Brookfield is located in Brookfield, Waukesha County, Wisconsin, less than 10 miles from downtown Milwaukee. Brookfield has the region s largest concentration of suburban office space combined with its proximity to downtown Milwaukee and convenient transportation, making it the premier location for new and relocating businesses in the Metropolitan Area. Many national and local enterprises have headquarters or significant offices among Brookfield s nearly 4 million square feet of industrial space and 6.8 million square feet of office space. Shoppers World of Brookfield enjoys a solid daytime population in excess of 263,600 people within a five-mile radius. The subject offering serves a dynamic trade area that has nearly 3 million square feet of retail and features 94% occupancy. In addition to Mayfair Mall, Mayfair Collection, a 400,000-square-foot generational retail development, opened in 2014 after the redevelopment of a former industrial site less than one mile south of Shoppers World, bringing significant new retailers to the market including Nordstrom Rack, Whole Foods, HomeGoods, and Saks OFF 5th, further validating the retail demand. Additional retailers in the trade area include ALDI, Lowe s, Dick s Sporting Goods, Pick N Save, Home Depot, Meijer, Ulta Beauty, and Best Buy. The trade area commands some of the highest retail rates and generates many of the best sales performances in the greater Milwaukee area. Milwaukee s economy is well diversified between numerous sectors including trade, transportation, and utilities; manufacturing; educational and health services; and professional and business services. The MSA is also home to the international headquarters of eight Fortune 500 companies: Fiserv, Harley-Davidson, Kohl s, Manpower, Northwestern Mutual, Oshkosh, Rockwell Automation, and WEC Energy.

DEMOGRAPHICS The strong demographics profile of the dense, middle-income customer base surrounding Shoppers World of Brookfield is reflected below: 41 ST 181 Menomonee Falls Fox Point Distance from Subject: 1 mile 3 miles 5 miles 2018 Population 2,591 72,469 235,748 Forecasted 2023 Population 2,603 73,441 236,736 % Change 2018 to 2023 0.5% 1.3% 0.4% 2018 Households 1,166 29,364 92,999 Forecasted 2023 Households 1,176 29,753 93,314 % Change 2018 to 2023 0.9% 1.3% 0.3% 2018 Median Home Value $223,413 $217,499 $203,108 2018 Daytime Demographics 13,773 86,260 263,568 2018 Average Household Income $77,088 $88,949 $83,087 2018 Median Household Income $61,336 $64,208 $59,020 2018 Per Capita Income $34,805 $36,327 $33,030 2018 Median Age 47.1 39.9 37.8 ST 16 94 ST 190 Waukesha 18 94 41 Capitol Drive Capitol Drive ST 45 Brookfield Wauwatosa Milwaukee Regional Medical Center Miller Park West Allis Glendale New Berlin ST 100 Greenfield ST 38 43 Muskego ST 36 Franklin General Mitchell Interlational Airport ST 241 ST 241 Oak Creek ST 36 41

PROPERTY DESCRIPTION Shoppers World of Brookfield features 202,582 square feet of retail space and is located on 19.8 acres. The shopping center is comprised of four buildings: Phase I multi-tenant building consisting of 178,784 square feet originally constructed in 1967, with additions in 1995 through 2000; First Citizens Bank & Trust outlot originally constructed in 1970 with addition in 2005; two-story multi-tenant outlot constructed in 2006; and Chick-fil-A ground lease constructed in 2014. The subject offering is shadow-anchored by a separately owned 95,055-square-foot Pick n Save (Kroger Co. subsidiary). The shopping center benefits from excellent roadside visibility along both Capitol Drive, as well as 124th Street. Convenient access to the center is provided by two curbs cuts on Capitol Drive and one on 124th Street. The site features abundant parking with a parking ratio of 4.8 spaces per 1,000 SF. TENANCY Shoppers World of Brookfield is 78% leased to an array of national product category leaders including Ross Dress for Less, Burlington, Xperience Fitness, O Reilly Automotive, and Chick-fil-A (ground lease), and shadow-anchored by a strong performing Pick n Save. Ross and Burlington are two of the dominant national value soft goods retailers. Xperience is a 17-unit chain with gyms throughout Wisconsin and Minnesota. In addition, the shopping center features a complementary line-up of tenants including Potbelly Sandwich Works, AT&T, Sally Beauty, FedEx Office, and more. The current rent roll features a stable weighted average remaining lease term of over 6.2 years. Shoppers World features a unique value-add opportunity in this trade area as the property is 78% leased largely due to the recent vacancy of the former TJ Maxx (34,872 SF) who relocated to The Mayfair Collection in order to open a larger store to accomodate both TJ Maxx and HomeGoods. A buyer could add approximately $730,000 of gross income by leasing up nearly 45,000 square feet of space. In addition, there is an opportunity to sell off the freestanding First Citizens Bank & Trust (separately parceled), Chick-fil-A ground lease, and multi-tenant outlot (separately parceled) at an attractive cap rate arbitrage. FINANCIAL Shoppers World of Brookfield offers a purchaser the opportunity to acquire a value-add opportunity anchored by Ross Dress for Less, Burlington, and Xperience Fitness, and shadow-anchored by Pick n Save located in Brookfield, Wisconsin. The property is being offered free and clear of any existing debt. In-Place Net Operating Income: $1,768,857 Stabilized Net Operating Income: $2,333,311 10-Year CAGR: 4.4%

For further information contact owner s exclusive representatives. The Wrigley Building 410 North Michigan Avenue, Suite 1100 Chicago, Illinois 60611 Direct: 630.954.7300 Ben Wineman Principal Direct: 630.954.7336 bwineman@midamericagrp.com 600 N Plankinton Ave, Suite 301 Milwaukee, WI 53203 Direct: 248.855.6800 Andrew Prater (Licensed WI Broker) Direct: 414.390.1404 aprater@midamericagrp.com This information has been secured from sources we believe to be reliable, but we make no representations 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.