NORTHSTAR RETAIL GROUP OFFERING MEMORANDUM SAVAGE, MINNESOTA. Presented By NORTHSTAR

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1 NORTHSTAR RETAIL GROUP OFFERING MEMORANDUM Presented By SAVAGE, MINNESOTA NORTHSTAR OF

2 INVESTMENT SUMMARY PRICE $2,186, % CAP Rate ADDRESS 7479 Egan Drive Savage, MN NET OPERATING INCOME $142,140 ($56.86/SF) APN LEASE TERM 7 Years Remaining LEASE TYPE Absolute Net BUILDING/LOT SIZE 2,500 SF/0.99 Acres Marcus & Millichap is pleased to present this freestanding Jiffy Lube located in Savage, MN. This 2,500 square foot Jiffy Lube built in 2003 is an excellent investment opportunity, operated by the largest Jiffy Lube Franchisee in North America. The property is ideally located near the intersections of MN 42 and MN 13, in a prime retail development next to Super Target, Holiday Convenience Store, Buffalo Wild Wings, and several other national retailers. The tenant is in the middle of a 20 year lease, with 7 years remaining, with 10 percent rent increases scheduled every 5 years, and 4 renewal options. The lease is Absolute NNN, with no landlord responsibilities. Highlights: Absolute NNN Lease Largest Jiffy Lube Franchisee (540+ Locations) Traffic Counts - 27,000+ Vehicles Per Day Minimal Landlord Responsibilities Excellent Location Adjacent to Super Target, Buffalo Wild Wings, and Holiday Gas Station Strong Annual Rent 10% Rent Increase Within 2 Years TYPE OF OWNERSHIP Fee Simple YEAR BUILT 2003

3 INVESTMENT SUMMARY LEASE SUMMARY Lease Type Absolute NNN Roof & Structure Tenant Lease Term Remaining 7 Years Increases 10% Every 5 Years Initial Lease Term 20 Years Rent Commencement Date 2/10/2004 Lease Commencement Date 2/10/2004 Lease Expiration 2/10/2024 RENT SCHEDULE Year Annual Monthly Years 1-5 $117,471 $9, Years 6-10 $129,218 $10, Years [CURRENT] $142,140 $ Years $156,354 $13, Years (Option 1) $171,989 $14, Years (Option 2) $189,188 $15, Years (Option 3) $208,107 $17, Years (Option 4) $228,918 $19,076.50

4 PROPERTY PHOTOS

5 TENANT SUMMARY Heartland Automotive Services, dba Jiffy Lube, is the largest franchisee of quick lube retail service stores in the country. Operating over 540 Jiffy Lube locations from coast to coast and serving nearly 5 million guests each year with more than 3,500 professional teammates, Heartland strives to provide a WOW experience for every visit. Heartland is a member of the Sun Capital portfolio, which is one of the most respected private equity organizations in the world. TENANT SUMMARY Tenant Trade Name Jiffy Lube Tenant Heartland Automotive Services Lease Guarantor Franchisee No. of Locations 540+ Headquartered Irving, TX Years in the Business 46 Years Website In the News New Jiffy Lube Service Centers Open in Greater Minneapolis-St. Paul Area Jiffy Lube and MDA Celebrate Five Years of partnership on #GivingTuesday Steven Ledbetter Named President of Jiffy Lube International

6 AERIAL

7 PROPERTY SUMMARY LOCAL MAP CITY MAP

8 MARKET SUMMARY The City of Savage is a suburb of Minneapolis, located just 15 miles to the south of the downtown district. Savage is on the southern bank of the Minnesota River and is a member of the Minneapolis - St. Paul metropolitan statistical area - the sixteenth largest MSA in the United States. Savage was once a shipbuilding port for the United States Navy and today is still a major industrial manufacturing hub in the southern metro. The city was recently named one of the best affordable suburbs in the nation by BusinessWeek Magazine, which evaluated criteria that included crime rates, median family incomes, and overall populations. The city is linked to the downtown Minneapolis - St. Paul area and the rest of the metro by Minnesota State Highway 13 and County Road 42. Minnesota Valley Transit Authority and SmartLink operate public, mass transit connections within the city and to the downtown area.

9 DEMOGRAPHICS 1 Mile 3 Miles 5 Miles 2000 Population 4,394 33,642 85, Population 7,417 41, , Population 7,851 43, , Population 8,993 46, , Households 1,469 10,976 31, Households 2,760 13,940 38, Households 2,939 14,743 40, Households 3,439 16,026 43, Daytime Population 1,803 14,030 47, Owner Occupied Housing Units 87.72% 88.21% 78.29% 2014 Renter Occupied Housing Units 12.28% 11.79% 21.71% 2014 Vacant 2.28% 1.03% 1.99% 2019 Owner Occupied Housing Units 87.14% 87.79% 78.08% 2019 Renter Occupied Housing Units 12.86% 12.21% 21.92% 2019 Vacant 1.98% 0.92% 1.95% $0-$14, % 2.7% 4.6% $15,000-$24, % 3.1% 5.3% $25,000-$34, % 4.4% 5.9% $35,000-$49, % 7.9% 10.8% $50,000-$74, % 16.7% 18.0% $75,000-$99, % 19.6% 17.0% $100,000-$124, % 17.6% 14.6% $125,000-$149, % 10.2% 8.1% $150,000-$199, % 11.0% 9.1% $200,000-$249, % 2.9% 2.7% $250, % 4.0% 3.9% 2014 Median Household Income $99,464 $94,446 $82, Per Capita Income $46,236 $38,068 $38, Average Household Income $123,505 $112,450 $103,291

10 CONTACT Presented By CHRIS WILLIAMS Associate (952) SEAN DOYLE Vice President of Investments (952) MATT HAZELTON Director (952) ADAM AJ PRINS Director (952) CORY VILLAUME Director (952) NORTHSTAR OF