ACTUAL SITE

ACE HARDWARE ANCHORED RETAIL CENTER3 4 3 4 W. A N T H E M W AY, A N T H E M , A R I Z O N A 8 5 0 8 6 ( P H O E N I X M S A )

ACTUAL SITE

SEAN THOMAS | VICE PRESIDENT3131 East Camelback Road, Suite 110 | Phoenix, AZ 85016

DL: 602.682.6088 Sean.Thomas@srsre.com | AZ License No. SA116826000

PATRICK R. LUTHER, CCIM | SENIOR VICE PRESIDENT610 Newport Center Drive, Suite 1500 | Newport Beach, CA 92660

DL: 949.698.1115 | M: 480.221.4221Patrick.Luther@srsre.com | AZ License No. BR579712000

EXCLUSIVELY MARKETED BYSRS REAL ESTATE PARTNERS-WEST, LLC

TABLE OF CONTENTS

4INVESTMENT SUMMARY

OFFERING HIGHLIGHTS | INVESTMENT HIGHLIGHTS

7PROPERTY OVERVIEW

PROPERTY PHOTOS | AERIALS | SITE PLAN | LOCATION MAP

14AREA OVERVIEW

DEMOGRAPHICS

16FINANCIALS

RENT ROLL | PRICING SUMMARY | BRAND PROFILE

ACTUAL SITE

SRS is pleased to present the fee simple interest (land & building) for The Shops at Arizona, a 35,710 SF Ace Hardware anchored neighborhood shopping center (consisting of two buildings) located in Anthem, AZ (Phoenix MSA). Built in 2003, the Shops at Arizona sits on approximately 6.68 acres, and encompasses 35,710 SF of quality retail space with a healthy mix of e-commerce resistant tenants. Anchored by Ace Hardware, the tenant roster boasts other notable daily-needs tenants such as Coldwell Banker, Pizza Hut, Princess Nails, Shanghai Club, and more. In addition, all tenants are operating on NNN leases, reimbursing their pro-rata share of expenses, limiting expense leakage for a future investor. The center is 88% occupied, offering potential upside through lease-up for a future investor. The property also boasts a weighted average lease term (WALT) of 5.26 years, demonstrating the stability of the center.

The Shops at Arizona is strategically located at the signalized, hard corner intersection of N. Gavilan Peak Pkwy and W. Anthem Way with a combined 20,400 vehicles passing by daily. West Anthem Way serves as a direct access road to Black Canyon Fwy/Interstate 17 (61,500 VPD), the primary north/south thoroughfare traveling in and out of Phoenix. The property is strategically located across from Anthem Marketplace, a Safeway grocery anchored center, creating excellent tenant synergy and crossover traffic. The asset is also 1.5 miles east of a 24-hour Walmart Supercenter and Outlets at Anthem, a 48-acre, open air, outlet mall with over 60 designer brand shops such as Nike, Bose, Coach, Ralph Lauren, North Face, and many more, greatly increasing consumer traffic to the area. Adjacent to the Outlets is the Anthem Commerce Park, a industrial/office park with over a dozen office buildings. Bela Rosa Apartment Homes (354-units) is half a mile from the site providing a direct consumer base from which to draw from. The 5-mile trade is supported by a population of nearly 49,000 with an affluent average household income of $116,000.

4 | INVESTMENT SUMMARY | SRS

INVESTMENT SUMMARY

ACTUAL SITE

PRICING: $5,400,000

DEC 2018 NOI: $381,714

DEC 2018 CAP RATE: 7.07%

ANCHOR: Ace Hardware

OCCUPANCY: 88%

OFFERING

RENTABLE AREA: 35,710 SF

LAND AREA: 6.68 Acres

PROPERTY ADDRESS: 3434 W. Anthem Way, Anthem, AZ 85086

YEAR BUILT: 2003

PARCEL NUMBER: 203-04-535

OWNERSHIP: Fee Simple (Land and Building)

PROPERTY SPECIFICATIONS

5 | OFFERING HIGHLIGHTS | SRS

ACTUAL SITE

OFFERING HIGHLIGHTS

INVESTMENT HIGHLIGHTS

6 | INVESTMENT HIGHLIGHTS | SRS

ACTUAL SITE

ACE HARDWARE ANCHORED CENTER | STRONG TENANT LINE UP• The Shops at Arizona is anchored by Ace Hardware (over 4,800 locations), the largest

non-grocery American retail cooperative in the country • Built in 2003, the Shops at Arizona sits on approximately 6.68 acres, and encompasses

35,710 SF of quality retail space in an attractive shopping environment• The tenant roster boasts other notable tenants such as Coldwell Banker, Pizza Hut,

Princess Nails, Shanghai Club, and more• Diverse tenant mix comprised of daily needs, food service, and boutique retail tenants

NNN LEASES | UPSIDE POTENTIAL THROUGH LEASE-UP | OVER 5 YEAR WALT• All tenants are operating on NNN leases, reimbursing their pro-rata share of expenses,

limiting expense leakage for a future investor• The center is 88% occupied, offering potential upside through lease-up for a future

investor• The property also boasts a weighted average lease term (WALT) of 5.26 years,

demonstrating the stability of the center

SIGNALIZED HARD CORNER INTERSECTION | INTERSTATE 17 | EXCELLENT VISIBILITY• Situated at the signalized, hard corner intersection of N. Gavilan Peak Pkwy and W.

Anthem Way with a combined 20,400 vehicles passing by daily• West Anthem Way serves as a direct access road to Black Canyon Fwy/Interstate 17, the

primary north/south thoroughfare traveling in and out of Phoenix• Excellent visibility with multiple points of ingress/egress and a prominent monument sign

STRONG RETAIL CORRIDOR | ACROSS FROM SAFEWAY ANCHORED CENTER• The property is strategically located across from Anthem Marketplace, a Safeway

grocery anchored center• Nearby national/credit tenants include CVS, Dollar Tree, Circle K, Wendy’s,

McDonald’s, Starbucks, and more• Creates excellent tenant synergy in the area and promotes crossover shopping

NEARBY OUTLETS AT ANTHEM | WALMART SUPERCENTER (24-HOUR)• The site is located just 1.5 miles east of the Outlets at Anthem and a

24-hour Walmart Supercenter (189,000 SF)• The outlet shops generate strong through traffic with over 60 designer brand shops

such as Nike, Bose, Coach, Ralph Lauren, Rack Room Shoes, North Face, and more

ANTHEM COMMERCE PARK (OFFICES) | BELA ROSE APARTMENT HOMES• Adjacent to the Outlets is the Anthem Commerce Park, a industrial/office park with

over a dozen office buildings • Bela Rosa Apartment Homes (354-units) is half a mile from the site• Provides a consistent employee and resident consumer base for the center

AFFLUENT POPULATION IN THE 5-MILE TRADE AREA• More than 49,000 residents and nearly 10,000 employees support the trade area• $116,000 average household income• 35 minutes to downtown Phoenix

7 | PROPERTY OVERVIEW | SRS

PARCEL MAP

PROPERTY OVERVIEW

ACTUAL SITE

ACCESS

TRAFFIC COUNTS

IMPROVEMENTS

PARKING

YEAR BUILT

PARCEL

ZONING

W. Anthem Way: ...............................................................................2 Access PointsN. Gavilan Peak Parkway: .................................................................3 Access Points

W. Anthem Way: .................................................................................... 14,500 VPD Black Canyon Freeway/ Interstate 17: .................................................... 61,500 VPD

There is approximately 35,710 SF of existing building area.

There are approximately 210 parking spaces on the owned parcel. The parking ratio is approximately 5.88 stalls per 1,000 SF of leasable area.

2003

Parcel Number: 203-04-535 Acres: 6.68 Square Feet: 290,981 SF

C-2: Commercial

NAPNAP

N. Gavilan Peak Pkwy.W. Anthem Way.14,500

CARS PER DAY

Interstate 17

5,900CARS PER DAY

61,500CARS PER DAY

Outlets at Anthem

Anthem SchoolBoulder Creek

High School

N. Gavilan Peak Pkwy.

W. Anthem Way.

Interstate 17

5,900CARS PER DAY

14,500CARS PER DAY

61,500CARS PER DAY

N. Gavila

n Peak

Pkwy.

W. Anthem Way.

14,500CARS PER DAY

5,900CARS PER DAY

Daisy Mountain Railroad

Anthem MarketplaceAnthem Golf &Country Club

Anthem School

Boulder Creek High School

Gavilan Peak School

W. Anthem Way.

N. Ga

vilan

Peak

Pkwy

.Interstate 17

14,500CARS PER DAY

61,500CARS PER DAY

5,900CARS PER DAY

Anthem Commerce Park

Outlets at Anthem

Bela RosaApts.

354 Units

2017 Estimated Population1 Mile: 9,6543 Mile: 34,054

5 Mile: 49,322

2017 Average Household Income

1 Mile: $117,822

3 Mile: $121,555

5 Mile: $116,732

2017 Estimated Total Employees

1 Mile: 2,486

3 Mile: 6,057

5 Mile: 9,821

A2A1A5 A6

A3

A4 A8A7 A9 A10 A11 A12A13A14 A15 NAP

NAP

N GAVILAN PEAK PKWY. - 5,900 VPD W ANTHEM WAY.

- 14,500 VP

D

SUITE NAME SQ FTA15 Amped Coffee 2,107A14 Pizza Hut 1,181A13 Berkshire Hathaway Real Estate 980A12 Poke Shack 1,307A11 Lifestyle 2 Nutrition 1,307A10 Princess Nails 1,372A9 Vacant 1,236A8 Vacant 1,600A7 Sam's Frozen Yogurt 980A6 Filiberto's 1,635A5 Freedom Cycles 1,673A4 Vacant 1,307A3 The Blind Bear 978A2 Shanghai Club 2,947A1 Ace Hardware 15,100

2017 ESTIMATED POPULATION1 Mile ........................................................... 9,6543 Mile ......................................................... 34,0545 Mile ......................................................... 49,322

2017 AVERAGE HOUSEHOLD INCOME1 Mile ......................................................$117,822 3 Mile ......................................................$121,555 5 Mile ......................................................$116,732

2017 ESTIMATED TOTAL EMPLOYEES1 Mile ........................................................... 2,4863 Mile ........................................................... 6,0575 Mile ........................................................... 9,821

PHOENIX

ANTHEM

35 Minutes | 32 Miles To Phoenix

Anthem, ArizonaAnthem is a census-designated place located in Maricopa County, Arizona, within the Phoenix Metropolitan Area. The Anthem Census Designated Place had a population of 23,729 as of July 1, 2017.

The community is serviced by several large chain retailers, including Fry’s Marketplace, and Walmart. The local outlet mall, Outlets at Anthem, includes over 60 designer brand stores. In 2015, a Safeway location was sold to Haagen’s, but that Haagen’s shut down shortly thereafter. As of January 2017, Safeway has reopened in the space that was previously occupied by Haagen’s. The Anthem Community council has a committee on the treasury which deals with financial issues and elects a chairman to be in charge of this committee. Also, each of the three home owner associations has a treasurer who deals with the monetary issues of their subdivision of Anthem.

Anthem is served by the Deer Valley Unified School District (DVUSD) as well as several private and charter schools. The nearest colleges and universities are Glendale Community College, Paradise Valley Community College, and Arizona State University at the West campus.

Interstate 17 is the primary connection between Anthem and the city of Phoenix. A frontage road running along the east side of Interstate 17 and connecting Carefree Highway in North Gateway to Gavilan Peak Parkway in Anthem opened in October 2009. This frontage road connects to North Valley Parkway and Norterra Parkway in North Gateway, providing Anthem with surface street access to the rest of the Phoenix metropolitan area. Valley Metro does not provide bus service to Anthem; however, the agency can provide a vehicle for vanpooling service.

Maricopa County is a county in the south-central part of the U.S. state of Arizona. As of July 1, 2017, its population was 4,307,033, making it the state’s most populous county and the fourth-most populous in the United States. It is more populous than 23 states. The county seat is Phoenix, the state capital and fifth-most populous city in the country.

Maricopa County is the central county of the Phoenix-Mesa-Glendale, AZ Metropolitan Statistical Area.

The population explosion is evident in a 2007 Forbes study which ranked four of Maricopa County’s municipalities in the top ten fastest-growing cities in the nation. Those included Buckeye as the second-fastest-growing city, Surprise and Goodyear as 3rd and 4th, and Avondale as 9th.

14 | AREA OVERVIEW | SRS

AREA OVERVIEW

DEMOGRAPHICS 1 MILE 3 MILES 5 MILES

2017 Estimated Population 9,654 34,054 49,3222022 Projected Population 10,297 36,636 53,4652010 Census Population 8,870 30,060 43,462

2017 Estimated Households 3,348 10,885 16,4682022 Projected Households 3,547 11,686 17,8262010 Census Households 3,143 9,870 14,814

2017 Estimated White 87.00% 85.10% 86.40%2017 Estimated Black or African American 2.40% 3.00% 2.60%2017 Estimated Asian or Pacific Islander 3.50% 3.30% 3.10%2017 Estimated American Indian or Native Alaskan 1.10% 1.20% 1.10%2017 Estimated Other Races 2.40% 3.40% 3.10%2017 Estimated Hispanic 10.90% 12.10% 11.10%

2017 Estimated Average Household Income $117,822 $121,555 $116,732 2017 Estimated Median Household Income $83,191 $88,690 $89,054 2017 Estimated Per Capita Income $38,864 $40,632 $40,137

2017 Estimated Total Businesses 330 709 1,1002017 Estimated Total Employees 2,486 6,057 9,821

15 | AREA DEMOGRAPHICS | SRS

AREA DEMOGRAPHICS

RENT ROLL

16 | RENT ROLL | SRS

ACTUAL SITE

The above information has been obtained from sources we believe to be reliable, however we cannot accept responsibility for its correctness.

Pro Pro Rental Increases Lease Lease

Suite Tenant Name Size Rata Rent Rent Rent Rent Rata Increase Rent Rent Rent Rent Start End Lease Options

# SF (SF) Monthly $/SF/Mo Annual $/SF/Yr ($) Date Inc. Monthly $/SF/Mo Annual $/SF/Yr Date DateA15 Amped Coffee 2,107 6% $2,985 $1.42 $35,819 $17.00 8% Sep-18 3% $3,074 $1.46 $36,894 $17.51 Sep-17 Oct-22 1 (5-Year)

Sep-19 3% $3,167 $1.50 $38,000 $18.04 3% Ann. Inc.

A14 Pizza Hut 1,181 3% $1,357 $1.15 $16,286 $13.79 4% Feb-19 3% $1,399 $1.18 $16,782 $14.21 Jan-16 Jan-21 1 (5-Year)Feb-20 3% $1,440 $1.22 $17,278 $14.63 3% Ann. Inc.

A13 Berkshire Hathaway 980 3% $1,952 $1.99 $23,422 $23.90 5% Sep-18 2% $1,991 $2.03 $23,892 $24.38 Jun-09 Aug-19 NoneReal Estate

A12 Poke Shack 1,307 4% $2,124 $1.63 $25,487 $19.50 6% Oct-19 3% $2,188 $1.67 $26,258 $20.09 Oct-18 Dec-23 1 (5-Year)Oct-20 3% $2,253 $1.72 $27,042 $20.69 3% Ann. Inc.

A11 Lifestyle 2 Nutrition 1,307 4% $1,627 $1.25 $19,527 $14.94 4% Jun-19 3% $1,676 $1.28 $20,112 $15.39 Jun-17 Jun-22 1 (5-Year)Jun-20 3% $1,726 $1.32 $20,716 $15.85 3% Ann. Inc.

A10 Princess Nails 1,372 4% $1,819 $1.33 $21,828 $15.91 5% Dec-18 3% $1,874 $1.37 $22,487 $16.39 Sep-02 Nov-20 NoneDec-19 3% $1,930 $1.41 $23,159 $16.88

A9 Vacant 1,236 3% $1,648 $1.33 $19,776 $16.00 4% - - - - - - - - -

A8 Vacant 1,600 4% $2,000 $1.25 $24,000 $15.00 5% - - - - - - - - -

3% Annual Increases

3% Annual Increases Thereafter

3% Annual Increases

RENT ROLL

17 | RENT ROLL | SRS

ACTUAL SITE

The above information has been obtained from sources we believe to be reliable, however we cannot accept responsibility for its correctness.

Pro Pro Rental Increases Lease Lease

Suite Tenant Name Size Rata Rent Rent Rent Rent Rata Increase Rent Rent Rent Rent Start End Lease Options

# SF (SF) Monthly $/SF/Mo Annual $/SF/Yr ($) Date Inc. Monthly $/SF/Mo Annual $/SF/Yr Date DateA7 Sam's Frozen Yogurt 980 3% $1,388 $1.42 $16,656 $17.00 4% Dec-18 3% $1,430 $1.46 $17,160 $17.51 Dec-17 Dec-23 2 (5-Year)

Dec-19 3% $1,473 $1.50 $17,679 $18.04 3% Ann. Inc.

A6 Filiberto's 1,635 5% $2,245 $1.37 $26,940 $16.48 6% Aug-19 3% $2,312 $1.41 $27,748 $16.97 Aug-17 Dec-23 NoneAug-20 3% $2,382 $1.46 $28,581 $17.48

A5 Freedom Cycles 1,673 5% $2,298 $1.37 $27,576 $16.48 6% Aug-19 3% $2,367 $1.41 $28,403 $16.98 Aug-17 Dec-23 NoneAug-20 3% $2,438 $1.46 $29,255 $17.49

A4 Vacant 1,307 4% $1,743 $1.33 $20,912 $16.00 5% - - - - - - - - -

A3 The Blind Bear 978 3% $1,511 $1.55 $18,132 $18.54 4% Aug-19 3% $1,556 $1.59 $18,676 $19.10 Oct-18 Dec-23 -Aug-20 3% $1,603 $1.64 $19,236 $19.67

A2 Shanghai Club 2,947 8% $6,569 $2.23 $78,832 $26.75 17% Jan-19 -3% $6,385 $2.17 $76,622 $26.00 Apr-03 Dec-29 1 (5-Year)Jan-22 2% $6,508 $2.21 $78,096 $26.50 FMVJan-24 2% $6,631 $2.25 $79,569 $27.00Jan-26 2% $6,754 $2.29 $81,042 $27.50Jan-28 2% $6,876 $2.33 $82,516 $28.00

A1 Ace Hardware 15,100 42% $6,921 $0.46 $83,050 $5.50 18% Dec-18 9% $7,550 $0.50 $90,600 $6.00 Nov-14 Nov-24 4 (5-Year)Dec-19 4% $7,865 $0.52 $94,375 $6.25 FMV

Total Occupied 31,567 88% $32,796 $1.04 $393,555 $12.47 86%Total Vacant 4,143 12% $5,391 $1.30 $64,688 $15.61 14%

Total / Wtd. Avg: 35,710 100% $38,187 $1.07 $458,243 $12.83 100%

$0.25 / SF Annual Increases Thereafter

3% Annual Increases

3% Annual Increases

3% Annual Increases

3% Annual Increases

REIMBURSEMENT SUMMARY

18 | REIMBURSEMENT RENT ROLL | SRS

ACTUAL SITE

ProSuite Tenant Name Size Rata Prop. Ins. CAM Mngmt. Admin Notes

# SF (SF) Taxes Fee

A15 Amped Coffee 2,107 6% Net Net Net 4% 15% Tenant reimburses 15% Admin on CAM and 4% management fee on gross revenues

A14 Pizza Hut 1,181 3% Net Net Net 4% 15%Tenant has the right to Go Dark at any time with at least 30 days prior notice.

After 60 consecutive days of ceased operations, Landlord has the right to recapture the premises.

A13 Berkshire Hathaway 980 3% Net Net Net 4% - Tenant reimburses 4% management fee on gross revenues

A12 Poke Shack 1,307 4% Net Net Net Net 15% Tenant reimburses 15% Admin on CAM and 4% management fee on gross revenues

A11 Lifestyle 2 Nutrition 1,307 4% Net Net Net 4% 15% Tenant reimburses 15% Admin on CAM and 4% management fee on gross revenues

A10 Princess Nails 1,372 4% Net Net Net 4% 15% Tenant reimburses 15% Admin on CAM and 4% management fee on gross revenues

A9 Vacant 1,236 3% Net Net Net Net 15% Assumes full pass-through with a 15% admin fee on CAM

A8 Vacant 1,600 4% Net Net Net Net 15% Assumes full pass-through with a 15% admin fee on CAM

A7 Sam's Frozen Yogurt 980 3% Net Net Net 4% 15% Tenant reimburses 15% Admin on CAM and 4% management fee on gross revenues

A6 Filiberto's 1,635 5% Net Net Net 4% 15% Tenant reimburses 15% Admin on CAM and 4% management fee on gross revenues

A5 Freedom Cycles 1,673 5% Net Net Net 4% 15% Tenant reimburses 15% Admin on CAM and 4% management fee on gross revenues

A4 Vacant 1,307 4% Net Net Net Net 15% Assumes full pass-through with a 15% admin fee on CAM

A3 The Blind Bear 978 3% Net Net Net Net 15% Tenant reimburses 15% Admin on CAM and 4% management fee on gross revenues

A2 Shanghai Club 2,947 8% Net Net Net 4% 15% Tenant reimburses 15% Admin on CAM and 4% management fee on gross revenues

A1 Ace Hardware 15,100 42% Net Net Net 4% - Tenant reimburses 4% management fee on gross revenues

Pad1Deer Valley

Credit Union (NAP)3,436 0% - Net Net - - Square footage from title.

Pad2The Pitstop

(NAP)1,027 0% - Net Net - - Square footage from title.

Total Occupied 31,567 88%Total Vacant 4,143 12%

Total / Wtd. Avg: 35,710 100%

PRICING SUMMARY

19 | PRICING SUMMARY | SRS

ACTUAL SITE

NOTES1) Operating Expenses are per the 2018 Operating Budget

2) Management is estimated at 4% of EGR.

3) Stabilized cap rate includes stabilizing costs.

4) Stabilizing costs estimated at $10/SF in TIs and 6% LCs (5-year)

5) See Reimbursement Rent Roll for recovery notes.

6) Loan is fixed for ther first 5 years and has no prepayment penalty.

OPERATING CASH FLOW DEC 2018 STABILIZEDPotential Rental Revenue: $468,500 $468,500

Potential Reimbursement Revenue: $251,589 $251,589

Gross Potential Revenue: $720,089 $720,089

Rental Vacancy: ($64,688) 14% ($23,425) 5%

Reimbursement Vacancy: ($28,315) 11% ($12,579) 5%

Effective Gross Revenue (EGR): $627,087 $684,085

Less Expenses: ($245,373) ($247,653)

Net Operating Income: $381,714 $436,432

Less Loan Payment: ($255,855) ($255,855)

Cash Flow: $125,859 $180,577

OPERATING EXPENSES 1 DEC 2018 PSF/YR STABILIZED PSF/YRTaxes: $86,095 $2.41 $86,095 $2.41

Insurance: $11,364 $0.32 $11,364 $0.32

CAM: $122,831 $3.44 $122,831 $3.44

Management: 2 $25,083 $0.70 $27,363 $0.77

Total: $245,373 $6.87 $247,653 $6.94

PRICING SUMMARYPrice: $5,400,000

Price/SF: $151

Dec 2018 Cap Rate: 7.07%

Dec 2018 Cash/Cash 7.92%

Stabilized Cap Rate: 3 7.99%

Stabilized Cash/Cash: 11.30%

Stabilizing Costs: 4 $60,836

POTENTIAL FIRST LOAN 6

Loan Amount (70%): $3,780,000

Down Payment (30%): $1,620,000

Payment (annual): ($253,415)

Interest Rate: 4.55%

Amortization: 25 years

Maturity: 10 years

PIZZA HUTPizza Hut, Inc. operates a chain of pizza restaurants in the United States and internationally. The company offers pizzas, pastas, wings, sides, dipping sauces, drinks, and desserts. It also offers catering services. Pizza Hut operates nearly 17,000 restaurants in more than 100 countries. In addition, the company provides franchise opportunities. Further, it enables customers to order its products online. The company was founded in 1958 and is based in Plano, Texas. Pizza Hut, Inc. operates as a subsidiary of

Company Type: ............................... SubsidiaryParent:...................................Yum! Brands, Inc.2017 Employees: ................................... 60,0002017 Revenue: ............................. $5.88 Billion2017 Net Income: ......................... $1.34 Billion2017 Assets: ................................. $5.31 BillionWebsite: ...........................# 422 FORTUNE 500

20 | BRAND PROFILE | SRS

BRAND PROFILE

ACTUAL SITE

ACE HARDWAREFor more than 90 years, Ace Hardware has been known as the place with the helpful hardware folks in thousands of neighborhoods across America, providing customers with a more personal kind of helpful. In 2017, Ace ranked “Highest in Customer Satisfaction with Home Improvement Retail Stores, Eleven Years in a Row,” according to J.D. Power. With more than 5,000 hardware stores locally owned and operated across the globe, Ace is the largest retailer-owned hardware cooperative in the world. Headquartered in Oak Brook, Ill., Ace and its subsidiaries operate an expansive network of distribution centers in the U.S. and also have

Company Type: ..................................... PrivateLocations: ............................................. 5,000+Website: ..................... www.acehardware.com

SAM’S FROZEN YOGURT Sam’s Frozen Yogurt is all about quality and fun. They will proudly serve Honey Hill Farms products, including frozen yogurt, sorbets and ice creams. They are so excited about serving the best frozen yogurt, their founder is traveling to the headquarters of Honey Hill Farms to meet the owners and tour their facility. Opening in Spring 2018, they will be located in Anthem, Arizona, an incredible community on the north tip of Phoenix.

Company Type: ..................................... PrivateLocation: ........................................................1Website: ............. www. samsfrozenyogurt.com

21 | BRAND PROFILE | SRS

BRAND PROFILE

ACTUAL SITE

FILIBERTO’S MEXICAN FOODFiliberto’s is the southwest’s favorite mexican fast food. The Mexican eatery has an extensive menu of classic and delicious Mexican dishes. Options range from breakfast platters and burritos to tacos, tostadas, enchiladas, tortas, and rice bowls. Quality ingredients and quick service make Filiberto’s an easy and convenient choice for good Mexican food.

Company Type: ..................................... PrivateLocations: .....................................................44Website: ............................www.filibertos.com

22 | BRAND PROFILE | SRS

BRAND PROFILE

ACTUAL SITE

SHANGHAI CLUBShanghai Club was founded in 1992 by Harry and Ming Wong. Shanghai Club provides an extensive menu of French, Mandarin and Vietnamese Chinese Cuisine in a relaxing environment.

Company Type: ..................................... PrivateLocations: ......................................................1Website: ..................www.shanghaiclubaz.com

1000+PROPERTIES CURRENTLY

REPRESENTED

$2.6B*TRANSACTION VALUE

600+CLIENTS REPRESENTED

IN 2016

250+BROKERS,

PROFESSIONALS,AND STAFF

#1LARGEST REAL ESTATE FIRM

EXCLUSIVELY DEDICATED TO RETAIL SERVICES IN NORTH AMERICA

20+OFFICES

*STATISTICS ARE FOR 2017.

SRS GLOBAL STATS

This Offering Memorandum has been prepared by SRS National Net Lease Group (SRS) and has been approved for distribution by the owner. Although effort has been made to provide accurate information, neither the owner nor SRS can warrant or represent accuracy or completeness of the materials presented herein or in any other written or oral communications transmitted or made available to the purchaser. Many documents have been referred to in summary form and these summaries do not purport to represent or constitute a legal analysis of the contents of the applicable documents. Neither owner nor SRS represents that this offering summary is all inclusive or contains all of the information a purchaser may require. All of the financial projections and/or conclusions presented herein are provided strictly for reference purposes and have been developed based upon assumptions and conditions in effect at the time the evaluations were undertaken. They do not purport to reflect changes in the economic performance of the property or the business activities of the owner since the date of preparation of this Offering Memorandum. The projected economic performance of the property, competitive submarket conditions, and selected economic and demographic statistics may have changed subsequent to the preparation of the package. Qualified purchasers are urged to inspect the property and undertake their own independent evaluation of the property, the market and the surrounding competitive environment.

ACTUAL SITE