Confidential Version 1.0

Northern Lights CenterAnchorage, Alaska

Prepared By:

Joe Saunders907.227.2238

Confidential Version 1.0

All materials and information received or derived from Alcan Realty its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. Neither Alcan Realty its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Alcan Realty will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Alcan Realty makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Alcan Realty does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Alcan Realty in compliance with all applicable fair housing and equal opportunity laws.

CONFIDENTIALITY & DISCLAIMER

Overview

The Northern Lights Center is located in one of the most desired midtown areas of Anchorage along the Northern Lights & Benson Boulevard corridor. Minnesota Dr, one of the primary North/South routes through Anchorage, borders the property to the West with Spenard Rd to the East.

This area of town provides easy access from all locations within Anchorage with close proximity to the highly sought after professional upper/middle-income Turnagain neighborhood. The gentrifying Spenard neighborhood is home to a growing population of professionals and ‘hipsters’. The State of Alaska and City of Anchorage has been investing in the community with recent and upcoming upgrades to the road system and public pathways surrounding the property.

The Northern Lights Center is home to several existing Natural food restaurants and holistic retailers. Existing tenants include one of Anchorage’s only 24/hr Health Clubs with an attached Women’s Only Health facility. The mall is also home to Middleway, a locally owned restaurant & coffee house focused on organic and vegan options, and home to one of the largest used bookstores on the West Coast.

The heart of Anchorage’s Midtown retail shopping area

Locations of Note

2nd-run & indie moviehouse (that also hosts concerts)

serving microbrews, wine & casual eats.

SITE

Market Highlights

Market Stats Below is a selection of Anchorage demographic highlights.

POPULATION

294,356 / 739,795 Anchorage / Alaska

PER-CAPITA RETAIL SPENDING

$16,633 / $14,320 Anchorage / Alaska

MEDIAN AGE

32.8 Anchorage

GENDER MIX

46.5% / 53.5% Male / Female

BACHELOR’S DEGREE OR HIGHER

34.3% / 28.8% Anchorage / Alaska

MEDIAN HOUSEHOLD INCOME

$80,862 / $74,444 Anchorage / Alaska

Source: US Census Bureau 2012-2016 American Community Survey 5-Year Estimates

According to statistical information provided by the Alaska Department of Transportation, an average of over 26% of the entire Anchorage population drives by the property every day.

Traffic Count

26.23%77,210 Avg Annual Daily Traffic

According to statistical information provided by the Alaska Department of Transportation, an average of over 35% of the entire Anchorage population drives within the immediate vicinity of the property every day.

35.06%103,209 Avg Annual Daily Traffic

2017 Average Annual Daily Traffic Count by street:● Minnesota Dr: 39,633● Northern Lights Blvd: 14,371● W. Benson Blvd: 13,926● Spenard Rd: 9,280

Great Clips is a hair salon franchise with over 4,100 locations across the United States and Canada

Notable Current Tenants

1

4Alaska Club West includes a 24/hr fitness facility open to the public with an adjoining dedicated Women’s fitness facility. The company operates 15 fitness facilities throughout Alaska and is the state’s largest fitness gym.

2

5What began as an espresso cart on Anchorage’s 4th Avenue in the spring of 1986, is now Alaska’s premier coffee roaster. Kaladi Brothers Coffee is made in Alaska, by Alaskans, for Alaskans.

Title Wave Books

The Alaska Club West Kaladi Brothers Coffee

Title Wave Books is a local source for new & used books, DVDs, CDs & more. The company is is the largest bookstore in Alaska, and one of the biggest used bookstores in the country.

Middle Way CafeMiddle Way Cafe is a restaurant and coffee house that offers baked goods with gluten-free and vegan options. Using many organic, ethically produced and socially just ingredients, the company is focused on offering healthy, balanced, and sustainable food and drink.

3

6

Great Clips

WalgreensWalgreens operates the second-largest pharmacy store chain in the United States behind CVS Health

Lease

Space

Lease SpaceThe lease space available is currently occupied by REI and was upgraded and remodeled in 2002. The space includes two floors of retail space, offices, and class room style space.

Building owner is open to improvements with long-term lessee.

HIGHLIGHTS

● 2 Floors of retail space (with elevator)● 49K Square Feet Available

AVAILABLE AREA

AERIAL VIEW

AERIAL VIEW

AERIAL VIEW

AERIAL VIEW

AERIAL VIEW

PHOTOS

PHOTOS

PHOTOS

PHOTOS

PHOTOS

PHOTOS

PHOTOS

Thank you.For additional information, contact:

Joe SaundersCALL/TXT: 907.227.2238