Justin Krieger, Principal

825 31ST STREET | EVANS, CO 80620

One Broadway Suite 300A | Denver, CO 80203303.962.9555 | www.PinnacleREA.com

Confidential Offering Memorandum

This confidential Offering Memorandum, has been prepared by Pinnacle Real Estate Advisors, LLC (“Pinnacle REA”) for use by a limited number of qualified parties. This Offering Memorandum has been provided to you at your request based upon your assurances that you are a knowledgeable and sophisticated investor in commercial real estate projects and developments. Pinnacle REA recommends you, as a potential buyer/investor, should perform your own independent examination and inspection of the property described herein as Family Dollar located at 825 31st Street located in Evans, Colorado (the “Property”) and of all of the information provided herein related to the Property. By accepting this Offering Memorandum, you acknowledge and agree that you shall rely solely upon your own examination and investigation of the Property and you shall not rely on any statements made in this Offering Memorandum or upon any other materials, statements or information provided by Pinnacle REA or its brokers.

Pinnacle REA makes no guarantee, warranty or representation about the completeness or accuracy of the information set forth in this Offering Memorandum. You are responsible to independently verify its accuracy and completeness. Pinnacle REA has prepared the information concerning the Property based upon assumptions relating to the general economy, its knowledge of other similar properties in the market, and on other market assumptions including factors beyond the control of the Pinnacle REA and the Owner of the Property. Pinnacle Real Estate Advisors make no representation or warranty as to either the accuracy or completeness of the information contained herein, and the information set forth in this Offering Memorandum in not intended to be a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be accurate, Pinnacle REA and the Property Owner disclaim any responsibility or liability for any inaccuracies. Further, Pinnacle REA and the Property Owner disclaim any and all liability for any express or implied representations and warranties contained in, or for any omissions from, the Offering Memorandum and for any other written or oral communication transmitted or made available to you. Pinnacle REA shall make available to you, as a qualified prospective investor, additional information concerning the Property and an opportunity to inspect the Property upon written request.

This Offering Memorandum and the contents are intended to remain confidential except for such information which is in the public domain or is otherwise available to the public. By accepting this Offering Memorandum, you agree that you will hold and treat Offering Memorandum in the strictest confidence, that you will not photocopy or duplicate it, or distribute it. You agree you will not disclose this Offering Memorandum or its contents to any other person or entity, except to outside advisors retained by you and from whom you have obtained an agreement of confidentiality, without the prior written authorization of Pinnacle REA. You agree that you will use the information in this Offering Memorandum for the sole purpose of evaluating your interest in the Property. If you determine you have no interest in the property, kindly return the Offering Memorandum to Pinnacle REA at your earliest convenience.

Investment Contact:

Justin KriegerPrincipal303.962.9558JKrieger@PinnacleREA.com

Disclosure and Confidentiality Agreement

© 2018 Pinnacle Real Estate Advisors, LLC. All information contained herein has been obtained from sources we believe to be reliable. However, we accept no responsibility for its accuracy and encourage verification of all information prior to making financial decisions.

INVESTMENT CONTACT

Justin KriegerPrincipal303.962.9558JKrieger@PinnacleREA.com

One Broadway, Suite A300 | Denver, CO 80203www.PinnacleREA.com

825 31ST STREET | EVANS, CO 80620

TABLE OF CONTENTSExecutive SummaryArea OverviewFinancial AnalysisDemographicsTraffic Counts

Price $1,100,000Price/SF $137.50CAP Rate - Current 6.95%Year Built 2001Gross Leasable Area (GLA)* 8,000 SFLot Size .53 AcresLease Type NNN

Investment Highlights

• Established NNN Family Dollar Location with Reported Sales

• Family Dollar Recently Exercised Their Second Five Year Option

• Low Rent with 10% Increase in 2022 (Third Option)

• Evans is part of the Greeley MSA, which is about 50 miles from Denver and about 35 miles from Fort Collins

• Strong Growth Potential: Greeley Ranked #2 Best Small City for Jobs (Forbes 2018)

*Note: Lease describes the building as “approximately 8,000 square feet”, and Weld County’s Assessor lists it as 7,772 square feet

825 31ST STREETEVANS, CO 80620EXECUTIVE SUMMARY

825 31ST STREET | EVANS, CO 80620

CENTENNIAL PARK

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825 31ST STREET

825 31ST STREETEVANS, CO 80620AREA OVERVIEW

31ST STREET

25TH STREET

17T

H A

VE

NU

E 20,479 VPD

THE OFFERING

INVESTMENT SUMMARY

Offering Price $1,100,000

Price/SF $137.50

CAP Rate - Current 6.95%

ANNUAL BASE RENT SCHEDULE

TERM ANNUAL RENT

MONTHLY RENT

Present – June 30, 2022 $76,491 $6,374

Third Option (July 1, 2022 - June 30, 2027) $84,140 $7,012

Fourth Option (July 1, 2027 - June 30, 2032) $92,554 $7,713

825 31ST STREETEVANS, CO 80620FINANCIAL ANALYSIS

-100%0 SF

20017,772 SF

General Retail

Rent/SF/Yr:% Leased:

Total Available:

Year Built:GLA:

Building Type:FreestandingSecondary:

Radius 1 Mile 3 Mile 5 MilePopulation

2023 Projection 15,690 88,072 141,5972018 Estimate 13,901 78,251 125,5682010 Census 12,160 69,181 109,808Growth 2018 - 2023 12.87% 12.55% 12.77%Growth 2010 - 2018 14.32% 13.11% 14.35%

2018 Population by Hispanic Origin 7,670 34,436 52,0532018 Population 13,901 78,251 125,568

White 12,512 90.01% 71,108 90.87% 115,128 91.69%Black 495 3.56% 2,160 2.76% 2,874 2.29%Am. Indian & Alaskan 289 2.08% 1,641 2.10% 2,496 1.99%Asian 278 2.00% 1,330 1.70% 1,914 1.52%Hawaiian & Pacific Island 36 0.26% 175 0.22% 255 0.20%Other 291 2.09% 1,838 2.35% 2,901 2.31%U.S. Armed Forces 0 67 119

Households2023 Projection 5,577 31,714 50,9472018 Estimate 4,945 28,128 45,1352010 Census 4,333 24,662 39,228Growth 2018 - 2023 12.78% 12.75% 12.88%Growth 2010 - 2018 14.12% 14.05% 15.06%Owner Occupied 2,294 46.39% 13,454 47.83% 25,291 56.03%Renter Occupied 2,651 53.61% 14,674 52.17% 19,845 43.97%

2018 Households by HH Income 4,945 28,127 45,134Income: <$25,000 1,787 36.14% 9,096 32.34% 12,163 26.95%Income: $25,000 - $50,000 1,420 28.72% 6,874 24.44% 10,758 23.84%Income: $50,000 - $75,000 852 17.23% 5,896 20.96% 9,579 21.22%Income: $75,000 - $100,000 501 10.13% 2,906 10.33% 5,302 11.75%Income: $100,000 - $125,000 249 5.04% 1,672 5.94% 3,324 7.36%Income: $125,000 - $150,000 54 1.09% 817 2.90% 1,692 3.75%Income: $150,000 - $200,000 57 1.15% 555 1.97% 1,492 3.31%Income: $200,000+ 25 0.51% 311 1.11% 824 1.83%

2018 Avg Household Income $46,050 $53,072 $60,9332018 Med Household Income $36,955 $42,603 $49,084

Demographic Summary ReportFamily Dollar

825 31st St, Evans, CO 80620

Copyrighted report licensed to Pinnacle Real Estate Advisors - 334326.5/18/2018

Page 1

825 31ST STREETEVANS, CO 80620DEMOGRAPHICS

-100%0 SF20017,772 SFFreestandingGeneral Retail

Rent/SF/Yr:% Leased:

Total Available:Year Built:

GLA:Secondary:

Building Type:

Street Cross Street Cross Str DistCountYear

Avg DailyVolume

VolumeType

Miles fromSubject Prop

1 US Hwy 85 31st St 0.07 S 2017 27,000 MPSI .122 United States Highway 85 31st St 0.07 S 2010 20,429 MPSI .123 31st St Ln 31st St 0.02 W 2014 1,650 MPSI .174 31st St High Dr 0.02 W 2016 2,500 MPSI .175 US Hwy 85 31st St 0.15 N 2017 19,200 MPSI .186 United States Highway 85 31st St 0.15 N 2010 20,178 MPSI .187 11th Ave Pleasant Acres Dr 0.01 N 2017 11,005 MPSI .248 11th Ave 32nd St 0.04 N 2017 8,000 MPSI .269 US Hwy 85 US Hwy 34 0.14 N 2017 18,600 MPSI .28

10 United States Highway 85 United States Highway 34 0.14 N 2010 18,794 MPSI .28

Traffic Count ReportFamily Dollar

825 31st St, Evans, CO 80620

Copyrighted report licensed to Pinnacle Real Estate Advisors - 334326.5/18/2018

Page 2

-100%0 SF20017,772 SFFreestandingGeneral Retail

Rent/SF/Yr:% Leased:

Total Available:Year Built:

GLA:Secondary:

Building Type:

Street Cross Street Cross Str DistCountYear

Avg DailyVolume

VolumeType

Miles fromSubject Prop

1 US Hwy 85 31st St 0.07 S 2017 27,000 MPSI .122 United States Highway 85 31st St 0.07 S 2010 20,429 MPSI .123 31st St Ln 31st St 0.02 W 2014 1,650 MPSI .174 31st St High Dr 0.02 W 2016 2,500 MPSI .175 US Hwy 85 31st St 0.15 N 2017 19,200 MPSI .186 United States Highway 85 31st St 0.15 N 2010 20,178 MPSI .187 11th Ave Pleasant Acres Dr 0.01 N 2017 11,005 MPSI .248 11th Ave 32nd St 0.04 N 2017 8,000 MPSI .269 US Hwy 85 US Hwy 34 0.14 N 2017 18,600 MPSI .28

10 United States Highway 85 United States Highway 34 0.14 N 2010 18,794 MPSI .28

Traffic Count ReportFamily Dollar

825 31st St, Evans, CO 80620

Copyrighted report licensed to Pinnacle Real Estate Advisors - 334326.5/18/2018

Page 2

825 31ST STREETEVANS, CO 80620TRAFFIC COUNTS

Justin Krieger, Principal

825 31ST STREET | EVANS, CO 80620

Confidential Offering Memorandum

Justin Krieger, Principal

© 2018 Pinnacle Real Estate Advisors, LLC. All information contained herein has been obtained from sources we believe to be reliable.However, we accept no responsibility for its accuracy and encourage verification of all information prior to making financial decisions.