Harvest PlazaMiami, Florida

Offering Memorandum

Medical Marijuana

Dispensaries Considered

“Essential” During Pandemic

Multi-Tenant Medical and Retail Space

Population Over 480,000 Within 5 Miles of Property

Roof Replaced in May 2020 with a 20-Year Warranty

Part of the Miami Metro with a Population of 2.7M

CONFIDENTIALITY AND DISCLAIMERThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap Real Estate Investment Services of Florida, Inc. and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICEMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

SUBJECT PROPERTY

FINANCIAL OVERVIEW

Expenses PSF

Real Estate Taxes: $37,509 $3.71 Insurance: $13,479 $1.33 Utilities: $14,940 $1.48 Grounds & Landscaping: $960 $0.09 Security: $1,600 $0.16 Repairs & Maintenance: $23,446 $2.32 Property Management: $9,139 $0.90 Other/Non CAM $1,600 $0.16

Total Expenses $102,673 $10.16

Multi-Tenant Center• Over 10,000 Square Feet of Multi-Tenant Medical and Retail Space• Anchored by Harvest House of Cannabis With One Small Vacancy• Roof was Replaced in May 2020 with a 20-Year Roof Warranty• Harvest has a New 10-Year Lease with Two Percent Annual Rent

Increases• Bello Dental has Three Percent Annual Rent Increases

Anchor Tenant | Harvest Health and Recreation• Positioned as an Industry Leader in the U.S. Combining a Targeted

Growth Strategy• First Quarter Sales Grew +134 Percent Year Over Year and +19

Percent Sequentially

Harvest Plaza9578 Bird Road, Miami, Florida 33165

Price: $3,335,300Cap Rate: 6.00%Rentable Square Feet: 10,110Net Operating Income: $200,118Price PSF: $329.90Land Area: 0.54 ACYear Built: 1965

Financial SummaryAnnual Rent: $236,704Expense Reimbursements: $66,087Gross Potential Income: $302,791Total Expenses: $102,673

Net Operating Income $200,118

RENT ROLL

Strong Demographics and Traffic Counts• Strong Demographics With a Population Over 480,000 Within Five

Miles of Subject Property• Located on Bird Road/SW 40th Street with a Daily Traffic Count of

Approx. 48,500 Vehicles• Conveniently Positioned Between Florida's Turnpike, Two Miles

West with a Daily Traffic Count of Approx 130,000 Vehicles; and Palmetto Expressway, Two Miles East with 250,000 Vehicles

Part of the Miami Metro Area• Miami is the Most Populous City in Miami-Dade County with Slightly

More Than 443,000 Residents• Miami Metro Area has a Population of Roughly 2.7 Million People

Tenant Square Feet % of GLA Annual

RentRentPSF

Lease Commence

LeaseExpiration

Option Periods Rent Increases Recoveries

Harvest Health and Recreation 3,100 30.66% $142,290 $45.90 7/4/2019 7/31/2029 4, 5-Year Options

2% Annually in Base Term & Options $32,527

Activa Training Center (Ground) 1,000 9.89% $24,000 $24.00 1/1/2019 2/28/2021 2, 1-Year Options 3% in Each Option

Activa Training Center (2nd Floor) 3,075 30.42% $45,664 $14.85 12/28/2018 2/28/2021 2, 1-Year Options 3% in Each Option $21,525

Bello Dental 1,100 10.88% $24,750 $22.50 9/26/2019 3/31/2025 1, 5-Year Option

3% Annually in Base Term & Options $12,035

Vacant 1,835 18.15%

Totals 10,110 100% $236,704 $66,087

Surrounding Area | Colleges and Other Attractions• Two Miles from Kendall Regional Medical Center• Three Miles from Florida International University With an Undergrad

Enrollment of More Than 41,000 Students• Six Miles from the University of Miami, Which Enrolls Over 17,000

Students in 12 Separate Colleges• 11 Miles Southwest of Miami International Airport, Florida's Busiest

Airport by Total Aircraft Operations and Second Busiest by Passenger Traffic

• 14 Miles from Downtown Miami, and 19 Miles from Miami Beach

Representative Photo

Representative PhotoCultivation &Processing Locations

9Employees1,000+

Retail Locations

35

🖱Harvest Health & Recreation Inc. Reports First Quarter 2020 Financial Results

TENANT SUMMARY

Headquartered in Tempe, Arizona, Harvest Health & Recreation Inc. is a vertically integrated cannabis company and multi-state operator. Since 2011, Harvest has been committed to expanding

its retail and wholesale presence throughout the U.S., acquiring, manufacturing, and selling cannabis products for patients and consumers in addition to providing services to retail dispensaries. Through organic license wins, service agreements, and targeted acquisitions, Harvest has assembled an operational footprint spanning multiple states in the U.S., with the potential to more than double the number of revenue generating facilities. Harvest’s mission is to improve lives through the goodness of cannabis. We hope you’ll join us on our journey.

Harvest Health has Grown to

Become One of the Largest Multistate

Cannabis Operators in the

U.S.

Bird Road (SW 40

Bird Road (SW 40 thth Street) Street)

SW 97

SW 97

thth Avenue Avenue

Population Over 480,000 Within Five

Miles of Subject Property

11,500Daily

48,500Daily

AERIAL

Bird RoadBird Road

3 Miles from Florida

International U. with an Undergrad

Enrollment of 41,000+

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Rona

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Palmetto Expressw

ay

Palmetto Expressw

ay

Located Between the

Ronald Reagan Turnpike and

Palmetto Expressway

HarvestPlaza

48,500Daily

165,000Daily

130,000Daily

AERIAL

FortLauderdale

Florida Keys

🏙Downtown Miami

14 Miles

🏖Miami Beach

19 Miles

🛩Miami International

Airport11 Miles

🏫Florida International

University3 Miles

LOCAL & REGIONAL MAPS

Miami

MARKET OVERVIEW

MIAMI-DADEOVERVIEW

Miami-Dade County is a gateway to South American and Caribbean markets and a tourist destination. The 2,400-square-mile county extends from the Florida Everglades east to the Atlantic Ocean. It is bordered to the north by Broward County and to the south by the Florida Keys. The main portion of the city of Miami lies on the shores of Biscayne Bay and is separated from the Atlantic Ocean by barrier islands, the largest of which holds the city of Miami Beach. The metro, with a population of roughly 2.7 million, is located entirely within Miami-Dade County. Miami is the most populous city, with slightly more than 443,000 residents, followed by Hialeah with roughly 237,000 people.

MARKET OVERVIEW

METRO HIGHLIGHTS

BUSINESS-FRIENDLY ENVIRONMENT

The metro has no local business or personal income

taxes, which attracts businesses and residents to the

area.

INTERNATIONAL GATEWAY

Miami is a gateway for international trading activities,

tourism and immigration, connecting to airports and

ports around the world.

MEDICAL COMMUNITY

The county contains the largest concentration of

medical facilities in Florida, drawing residents needing

services throughout the state.

MARKET OVERVIEW

ECONOMY▪ Various industries provide a diverse economy. Trade, international finance, healthcare and

entertainment have become major segments in the local business community.

▪ A strong tourism industry has developed with ties to Latin America and the Caribbean.

▪ Tourism and trade depend on a large transportation sector. PortMiami and Miami International Airport are both major contributors to employment and the economy.

▪ The Miami metro gross metropolitan product (GMP) expansion is expected to be on par with the U.S. GDP in 2019 and retail sales for the county are also rising.

SHARE OF 2018 TOTAL EMPLOYMENT

MAJOR AREA EMPLOYERS

Baptist Health South Florida

University of Miami

American Airlines

Miami Children’s Hospital

Publix Supermarkets

Winn-Dixie Stores

Florida Power & Light Co.

Carnival Cruise Lines

AT&T

Mount Sinai Medical Center* Forecast

MANUFACTURING4%

GOVERNMENT

HEALTH SERVICES

EDUCATION AND

+OTHER SERVICES

4%

LEISURE AND HOSPITALITY FINANCIAL ACTIVITIES

25%

AND UTILITIES

TRADE, TRANSPORTATION CONSTRUCTION

PROFESSIONAL AND

BUSINESS SERVICES

2%INFORMATION

14%

5%

12% 12% 7%

16%

MARKET OVERVIEW

DEMOGRAPHICS

SPORTS

EDUCATION

ARTS & ENTERTAINMENT

▪ The metro is expected to add nearly 127,000 people over the next five years. During the same period, approximately 62,000 households will be formed, generating demand for housing.

▪ The homeownership rate of 53 percent is below the national rate of 64 percent, maintaining a strong rental market.

▪ The cohort of 20- to 34-year-olds composes 21 percent of the population.

Miami-Dade County has developed into a cosmopolitan urban area offering a vibrant business and cultural community. The metro has an abundance of popular attractions. Miami hosts the Capital One Orange Bowl and is home to several professional sports teams, including the Miami Dolphins, the Miami Marlins and the Miami Heat. The county has a broad array of cultural attractions, historic sites and parks. These include the Adrienne Arsht Center for the Performing Arts, Zoo Miami and Everglades National Park. The region is home to a vibrant and diverse culture, family-friendly neighborhoods, a plethora of shops and restaurants, and beautiful weather and beaches. It also offers easy access to Latin America and the Caribbean.

QUALITY OF LIFE

2018 Population by Age

0-4 YEARS

6%5-19 YEARS

17%20-24 YEARS

6%25-44 YEARS

28%45-64 YEARS

27%65+ YEARS

16%

39.9

2018MEDIAN AGE:

U.S. Median:

38.0

$45,300

2018 MEDIAN HOUSEHOLD INCOME:

U.S. Median:

$58,800

2.7M

2018POPULATION:

Growth2018-2023*:

4.6%

954K

2018HOUSEHOLDS:

6.5%

Growth2018-2023*:

Or in Google Street View

Click to View in Google Maps

POPULATION 1 MILE 3 MILES 5 MILES

2010 Population 23,263 182,015 461,0812019 Population 24,108 189,586 488,1002024 Population 24,244 191,012 496,2172019 Male Population 11,592 89,249 230,3882019 Female Population 12,516 100,337 257,7112019 Median Age 47.0 44.9 43.6

RACE & ETHNICITY 1 MILE 3 MILES 5 MILES

American Indian, Eskimo 0.2% 0.1% 0.1%Asian 0.5% 1.2% 1.7%Black 1.6% 2.1% 2.7%Hawaiian/Pacific Islander 0.1% 0.0% 0.0%White 94.9% 93.0% 91.5%Other 1.7% 2.0% 2.2%Multi-Race 1.1% 1.6% 1.8%Hispanic Ethnicity 92.3% 89.1% 85.0%Not of Hispanic Ethnicity 7.7% 10.9% 15.0%

HOUSEHOLDS 1 MILE 3 MILES 5 MILES

2010 Households 7,056 59,735 156,7712019 Households 7,354 62,786 167,6862024 Households 7,424 63,585 171,403

HOUSEHOLD INCOME 1 MILE 3 MILES 5 MILES

2010 Avg Household Income $60,963 $67,697 $73,1262019 Avg Household Income $66,882 $74,504 $81,0892024 Avg Household Income $76,355 $84,656 $91,8582010 Med. Household Income $44,829 $46,970 $49,0282019 Med. Household Income $48,757 $51,153 $53,6252024 Med. Household Income $57,896 $59,717 $62,2862010 Per Capita Income $18,616 $22,497 $25,1942019 Per Capita Income $20,523 $24,953 $28,1832024 Per Capita Income $23,502 $28,459 $32,052

Miami, Florida

DEMOGRAPHICS

The Wolfe Retail Group of Marcus & Millichap specializes in the sale of single-tenant properties and shopping centers and has successfully assisted clients in selling over 500

separate commercial properties with a market value exceeding $1.45 billion. Having closed sales in more than 40 states, our track record is evidence that we are one of the premier brokerage teams in the United States.

With our experience and background in various fields such as law and finance, we have proved to be invaluable to our clients, earning their trust and exceeding their expectations while best assisting them in their real estate transactions.

For more about the Wolfe Retail Group or to view all of our available listings, visit www.WolfeRetailGroup.com

The Wolfe Retail Group has sold over

500 properties in more than

40 states

About Marcus & MillichapWith nearly 2,000 investment professionals located throughout the U.S. and Canada, Marcus & Millichap (NYSE: MMI) is a leading specialist in commercial real estate investment sales, financing, research and advisory services. The firm closed more than 9,400 transactions in 2018 with a value of approximately $46.3 billion.

Marcus & Millichap has been a pioneer in the real estate investment industry and has established a reputation for maximizing value for its clients while fostering long-term relationships built on integrity, trust and service. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. Marcus & Millichap also offers clients access to the most competitive real estate financing through Marcus & Millichap Capital Corporation (MMCC), which maintains relationships with the industry’s leading national, regional and local lenders.

SPECIAL COVID-19 NOTICE: All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.)

Evan WhelanAssociate

License: SL 310245

Charles MoodyAssociate

License: SL 3404499

Michael TalbertAssociate

License: SL 3418448

Joseph PrioAssociate

License: SL 3422291

Ashley BarrettTransaction Coordinator

Catie JacksonMarketing Coordinator

Alan LipskyFirst Vice President Investments

License: SL 3279054Alan.Lipsky@marcusmillichap.com

(954) 245-3595

Barry M. WolfeSenior Managing Director Investments

License: SL 702613Barry.Wolfe@marcusmillichap.com

(954) 245-3493