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O F F E R I N G M E M O R A N D U M

ALDI3 5 2 4 5 7 T H AV E N U E | K E N O S H A , W I

Actual Site

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EXECUTIVE SUMMARY

FINANCIAL OVERVIEW

AREA OVERVIEW

TENANT OVERVIEW

CONTENTS

KYLE MATTHEWSBROKER OF RECORDLIC # 9381054-91

CALVIN SHORTFVP & Senior Directorcalv in.short@matthews.comDIR 949.432.4506MOB 310.567.3525LIC # 01927216 (CA)

BROKER OF RECORD

LISTED BY

Actual Site

E X E C U T I V EO V E R V I E W

I N V E S T M E N T H I G H L I G H T S

• ± 19 years remaining on an absolute NNN ground lease

• State of the art 2017 construction and ALDI’s newest prototype with bakery included

• Fixed 5% rental increases every 5 years in both the initial term and options

• Corporate guarantee from ALDI, Inc.

• Ideally positioned directly across the street from the only Sam’s Club and Walmart Supercenterserving Kenosha

• Strong frontage, visibility, and access from both Green Bay Road and Washington Road whichhave combined traffic counts in excess of 39,000 vehicles per day

• ALDI is surrounded by multiple single and multi-family communities, including the recentlycompleted Market Square Apartments

• Population is in excess of 88,500 in a 3-mile radius and has an average household income ofover $65,000 – ideal consumer base for ALDI

• Population is in excess of 124,000 in a 5-mile radius and has an average household income ofover $70,000

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F I N A N C I A LO V E R V I E W

ANNUALIZED OPERATING DATA

Monthly Rent Annual Rent Rent/SF Cap Rate

Years 1-5 $9,583.33 $115,000.00 $5.80 4.50%

Years 6-10 $10,062.50 $120,750.00 $6.09 4.73%

Years 11-15 $10,565.63 $126,787.50 $6.39 4.96%

Years 16-20 $11,093.91 $133,126.88 $6.71 5.21%

Option 1 $11,648.60 $139,783.22 $7.05 5.47%

Option 2 $12,231.03 $146,772.38 $7.40 5.74%

Option 3 $12,842.58 $154,111.00 $7.77 6.03%

Option 4 $13,484.71 $161,816.55 $8.16 6.33%

Option 5 $14,158.95 $169,907.38 $8.56 6.65%

Option 6 $14,866.90 $178,402.74 $8.99 6.98%

EXECUTIVE SUMMARY

Property Name ALDI

Property Street 3524 57th Avenue

City, State, Zip Kenosha, WI 53144

Year Built 2017

GLA ± 19,840 SF

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TENANT SUMMARY

Tenant Trade Name ALDI

Lease Guarantor ALDI Inc.

Lease Type Ground Lease

Roof & Structure Tenant Responsible

Original Lease Term 20 Years

Lease Commencement Date 7/8/2016

Rent Commencement Date 3/23/2017

Lease Expiration Date 3/31/2037

Term Remaining ± 19 Years

Increases 5% every 5 Years

Options Six, 5-Year Options

FINANCIAL HIGHLIGHTS

LIST PRICE

$2,555,555

CAP RATE

4.50%

TERM REMAINING

± 19 YEARS

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T E N A N TO V E R V I E W

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The no-frills grocery shopping experience focuses on customers first - delivering high-quality food they’re proud to serve their family, responsive customer service, everyday low prices and a quick-and-easy shopping experience with only four to five aisles and all the essentials. ALDI carries the weekly must-haves and display them in their designed shipping boxes to help save time and resources to restock shelves. Shoppers will find more than 90 percent of the groceries offered are under our ALDI exclusive brands, hand-selected by ALDI to ensure that our products meet or exceed the national brands on taste, quality and, of course, price.

ALDI partners with a wide variety of growers – including some local farmers – to offer a wide variety of fresh, in-season produce, including organic fruits and vegetables. From USDA Choice meats to gluten-free and organic foods, ALDI committed to bringing shoppers the highest quality products at the lowest possible prices.

LOCATIONSAldi’s German operations consist of Aldi Nord’s 35 individual regional companies with about 2,500 stores in western, northern, and Eastern Germany, and Aldi Süd’s 32 regional companies with 1,600 stores in western and southern Germany. Internationally, Aldi Nord operates in Denmark, France, the Benelux countries, the Iberian Peninsula, and Poland, while Aldi Süd operates in Ireland, Great Britain, Hungary, Switzerland, Australia, China, Austria and Slovenia (Aldi Süd operates as Hofer within the latter two countries). Both Aldi Nord and Aldi Süd also operate in the United States with 1,600 stores as of 2017. Aldi Nord is owner of the Trader Joe’s chain, while Aldi Süd operates as “Aldi”.

ALDI

C O M P A N Y N A M E A L D I E I N K A U F G M B H & C O M PA G N I E , O H G

H E A D Q U A R T E R E DM Ü L H E I M , G E R M A N Y

W E B S I T EW W W . A L D I . U S

# O F L O C A T I O N S± 9 , 2 2 0

Y E A R F O U N D E D1 9 6 3

PARCEL MAPTHE OFFERING

PROPERTY NAMEProperty Name ALDI

Property Address3524 57th AvenueKenosha, WI 53144

Assessor’s Parcel Number 08-222-27-022

SITE DESCRIPTIONNumber of Stories One

Year Built 2017

GLA ± 19,840 SF

Lot Size ± 2.53 Acres (110,207 SF)

Parking ± 69 Surface Spaces

Parking Ratio 3.48 : 1,000 SF

Landscaping Professional

Topography Generally Level

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P R O P E R T YO V E R V I E W

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s u r r o u n d i n g t e n a n t s

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ECONOMY DEMOGRAPHICS

Kenosha is a bedroom community because of the ease of access to the Chicago-Milwaukee corridor. According to county statistics, 49% of Kenosha’s workforce commutes outside of Kenosha County to their positions. Many travel northward towards Milwaukee or south into the Chicago area. The 2016 Kenosha County Out-Commuter Analysis found that Kenosha’s “out-commuters most likely work for positions in healthcare, manufacturing, professional/scientific and technical services. The majority of occupations included management, business/financial, and office/administrative support position” and that 73 percent of out-commuters have a bachelor’s degree or a higher level of education.

POPULATION 3 Mile 5 Mile 7 Mile

2022 Projection 88,599 124,205 138,485

2017 Estimate 88,620 122,630 136,749

HOUSEHOLDS 3 Mile 5 Mile 7 Mile

2022 Projection 34,107 47,131 52,485

2017 Estimate 33,922 46,398 51,676

Growth 2017 - 2022 0.55% 1.58% 1.57%

INCOME 3 Mile 5 Mile 7 Mile

2017 Est. Average Household Income

$65,468 $70,126 $73,550

A R E AO V E R V I E W

Kenosha is a city in and the county seat of Kenosha County, Wisconsin. Kenosha is on the southwestern shore of Lake Michigan. It is the fourth-largest city in Wisconsin and the fourth-largest city on Lake Michigan. The city is part of the United States Census Bureau’s Chicago Combined Statistical Area (CSA).

KENOSHA, WI

This Offer ing Memorandum contains select informat ion pertaining to the business and af fa i rs of ALDI located at 3524 57th Avenue, Kenosha, WI 53144 (“Property”) . I t has been prepared by Matthews Real Estate Investment Services. This Offer ing Memorandum may not be al l - inclusive or contain a l l of the informat ion a prospect ive purchaser may desire. The informat ion contained in th is Offer ing Memorandum is conf ident ia l and furnished solely for the purpose of a review by a prospect ive purchaser of the Property. I t is not to be used for any other purpose or made avai lable to any other person without the wri t ten consent of Sel ler or Matthews Real Estate Investment Services. The mater ia l is based in part upon informat ion suppl ied by the Sel ler and in part upon f inancial informat ion obtained from sources i t deems rel iable. Owner, nor their of f icers , employees, or agents makes any representat ion or warranty, express or impl ied, as to the accuracy or completeness of th is Offer ing Memorandum or any of i ts contents and no legal l iabi l i ty is assumed or shal l be impl ied with respect thereto. Prospect ive purchasers should make their own project ions and form their own conclusions without rel iance upon the mater ia l contained herein and conduct their own due di l igence.

By acknowledging your receipt of th is Offer ing Memorandum for the Property, you agree:

1 . The Offer ing Memorandum and i ts contents are conf ident ia l ;

2 . You wi l l hold i t and treat i t in the str ictest of conf idence; and

3. You wi l l not , d i rect ly or indirect ly, d isclose or permit anyone else to disclose this Offer ing Memorandum or i ts contents in any fashion ormanner detr imental to the interest of the Sel ler.

Owner and Matthews Real Estate Investment Services expressly reserve the r ight , at their sole discret ion, to reject any and al l expressions of interest or of fers to purchase the Property and to terminate discussions with any person or ent i ty reviewing this Offer ing Memorandum or making an of fer to purchase the Property unless and unt i l a wr i t ten agreement for the purchase and sale of the Property has been ful ly executed and del ivered.

I f you wish not to pursue negot iat ions leading to the acquis i t ion of the Property or in the future you discont inue such negot iat ions, then you agree to purge al l mater ia ls relat ing to th is Property including this Offer ing Memorandum.

A prospect ive purchaser ’s sole and exclusive r ights with respect to th is prospect ive t ransact ion, the Property, or informat ion provided herein or in connect ion with the sale of the Property shal l be l imited to those expressly provided in an executed Purchase Agreement and shal l be subject to the terms thereof. In no event shal l a prospect ive purchaser have any other c la ims against Sel ler or Matthews Real Estate Investment Services or any of their af f i l iates or any of their respect ive of f icers , Directors , shareholders, owners, employees, or agents for any damages, l iabi l i ty, or causes of act ion relat ing to th is sol ic i tat ion process or the market ing or sale of the Property.

This Offer ing Memorandum shal l not be deemed to represent the state of af fa i rs of the Property or const i tute an indicat ion that there has been no change in the state of af fa i rs of the Property s ince the date this Offer ing Memorandum.

C O N F I D E N T I A L I T Y & D I S C L A I M E R S TAT E M E N T

EXCLUSIVELY LISTED BY™

KYLE MATTHEWSBROKER OF RECORDLIC # 9381054-91

CALVIN SHORTFVP & Senior Directorcalv in.short@matthews.comDIR 949.432.4506MOB 310.567.3525LIC # 01927216 (CA)

BROKER OF RECORD

O F F E R I N G M E M O R A N D U M

ALDI3 5 2 4 5 7 T H AV E N U E | K E N O S H A , W I