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OFFERING MEMORANDUM

2626 Oneida St Green Bay, WI 54304

Strip centermattress firm, Wingstop,

& foundation chiropractic

EXCLUSIVELY LISTED BY

Broker of RecordKyle Matthews

LIC # 59381054-91 (WI)

Clay SmithAssociateclay.smith@matthews.comDIR (214) 692-2216MOB (404) 316-3197LIC # 693140 (TX)

Josh BishopVP & Directorjosh.bishop@matthews.comDIR (214) 692-2289MOB (315) 730-6228LIC # 688810 (TX)

Chad KurzSVP & National Directorchad.kurz@matthews.comDIR (214) 692-2927MOB (562) 480-2937LIC # 01911198 (CA)

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INVESTMENT HIGHLIGHTS

• Green Bay is the third largest city in the state of Wisconsin and is home to the NFL’s Green Bay Packers • The Green Bay MSA has a population of more than 306,000 residents, with a projected population growth of nearly 3.5% over the

next 5 years• The subject property is located on the hard signalized corner of South Oneida Street and Plymrock Terrace which sees more than

±21,000 vehicles daily and just South of I-45 and Highway 41 which witness more than 100,000 vehicles daily• Attractive Total Return and Cash-on-Cash Return – The property provides an extremely total return of nearly 15% the first year and

over 10% cash-on-cash return. The return continues to get stronger with strong rent increases referenced above• Newer Construction with Diverse Tenant Lineup - The property was constructed about 3 years ago with strong intrinsic real estate

fundamentals. The tenant lineup allows for unique diversification across the retail industry with limited landlord responsibilities

• South Oneida Street is home to many national retail tenants which create an excellent synergy for Mattress Firm, Wing Stop and Foundation Chiropractic

• Surrounding national retailers including: Target, Best Buy, Dick’s Sporting Goods, JC Penny, Panera Bread, Starbucks, Longhorn Steak House, Red Robin, Applebee’s, Olive Garden, Golden Corral, Wendy’s and the 1 Million SF Bay Park Square Shopping Mall

• In addition, the subject property is located 1.5 miles south of historic Lambeau Field, the home of the Green Bay Packers

• Mattress Firm has 6.5 years remaining on their initial 10-year lease, which includes an extremely attractive 10% rent increase that will take place on January 23, 2021

• Wingstop has 5 years remaining on their initial 7-year lease with a 10% rent increase scheduled to take place on June 15, 2022• Foundation Chiropractic has 4 years their initial 5-year lease, which includes attractive 2% annual rent increases• All three tenants reimburse the landlord for Taxes, Insurance, and CAM

INFILL LOCATION ON MAJOR THOROUGHFARE

EXCELLENT RETAIL SYNERGY

NNN LEASES WITH RENT INCREASES

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FINANCIAL OVERVIEW

Tenant GLA % of GLA Monthly Rent

Annual Rent Rent/SF Rent

CommencementLease

Expiration Increases Options

Mattress Firm 4,690 61% $13,581.50 $162,978 $34.75 1/23/15 1/22/25 10% year 6 Two. 5-Year w/ 10% increases

Wingstop 1,500 19.5% $3,000.00 $36,000 $24.00 6/15/16 6/14/23 10% year 6 Two, 5-Year w/ 10% increases

Foundation 1,500 19.5% $2,093.75 $25,125 $16.75 3/15/17 9/15/22 2% Annual Two, 5-Years

Total 7,690 $18,675.25 $224,103

RENT ROLL

Price $2,850,000

Cap Rate 7.86%

Gross Leasable Area ±7,690

Year Built 2015

Lot Size ±1.15 acres

NOI $224,103

FINANCIAL SUMMARY

Term 10 Years

Rate 5.25%

Amortization 30 Years

Loan-to-Value Up to 70%

DEBT QUOTE

ADDRESS2626 Oneida St.Green Bay, WI 54304

*For information regarding debt financing contact Brian Krebs at (949) 777-5988 or brian.krebs@barringtoncapcorp.com

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TENANT OVERVIEWS

TENANT OVERVIEW

The company set out to be a different kind of mattress retailer; focused on creating a unique shopping experience for the customer with a large selection of quality, brand name bedding products, competitive pricing and knowledgeable, well-trained associates. The bedding retailer operates or franchises more than 3,600 stores, primarily under the Mattress Firm name, in some 49 states. It sells conventional (Simmons) and specialty (Tempur Sealy) mattresses, which together account for most of its sales, in addition to other brands. The company also sells bed frames and bedding accessories. Since its founding in 1986, the chain has grown into the top U.S. bedding retailer.

STRATEGY

Since its 2011 IPO, Mattress Firm has made multiple acquisitions to solidify its position as the nation’s top mattress seller. Fast-growing Mattress Firm is doing its bit to further the consolidation of the mattress business through an active acquisition schedule, both of independent chains and its own franchisees. The retailer has extended its reach into new markets, including Hawaii, and consolidated its hold on existing ones, by snapping up other bedding companies. Indeed, in fiscal 2015 (ends January) alone, the company added about 800 locations.

Rent Commencement 1/23/2015

Original Term 10 Years

Options Two, 5-Year Options

Increases 10% Every 5 Years

Number of Locations ±3,200

Website www.mattressfirm.com

LEASE SUMMARY

Landlord Responsibilities

Roof & Structure (Exterior)

Tenant Responsibilities

Interior and any non-structural damage

Common Area Maintenance

Landlord shall be responsible for the maintenance of common areas. Tenant shall pay Landlord, as additional rent, its pro rata share of CAM, including an admin fee not to exceed 10%. Annual increases in CAM shall not exceed 5%.

Taxes Tenant shall pay, as additional rent, its pro rata share of taxes.

Insurance

Tenant, at Tenant’s sole cost and expense, shall obtain and maintain all-risk property insurance, commercial general liability insurance naming Landlord as additionally insured, and workers’ compensation insurance. Landlord shall carry, at its expense, special perils property insurance and commercial general liability insurance. Tenant shall pay Landlord its pro rata share for the cost of Landlord’s insurance.

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TENANT OVERVIEW

Wingstop Restaurants, Inc. is a chain of nostalgic, aviation-themed restaurants specializing in chicken wings. Wingstop locations are decorated following a 1930s and 1940s “pre-jet” aviation theme. The restaurant chain was founded in 1994 in Garland, Texas, and began offering franchises in 1998. Since then, Wingstop has grown into a chain with more than 1,000 restaurants either open or in development.

Wingstop’s former national spokesman was Troy Aikman, three-time Super Bowl champion and NFL Hall of Fame inductee. It was acquired by Gemini Investors in 2003, which sold it to Roark Capital Group in 2010.

GEOGRAPHIC REACH

As of June 2018, Wingstop has approximately 1,000 locations across the United States, Australia, Indonesia, Malaysia, Mexico, the Philippines, Russia, Singapore, and the United Arab Emirates.

Rent Commencement 6/15/2016Original Term 7 YearsOptions Two, 5-Year OptionsIncreases 10% at Year 6 and 10% in the OptionsNumber of Locations ±650Website www.wingstop.com

LEASE SUMMARY

Landlord Responsibilities

Roof & Structure (Exterior)

Tenant Responsibilities

Interior and any non-structural damage

Common Area Maintenance

Landlord shall be responsible for the maintenance of common areas. Tenant shall pay Landlord, as additional rent, its pro rata share of CAM, including an admin fee not to exceed 10%. Annual increases in CAM shall not exceed 3%.

Taxes Tenant shall pay, as additional rent, its pro rata share of taxes.

Insurance

Tenant, at Tenant’s sole cost and expense, shall obtain and maintain all-risk property insurance, commercial general liability insurance naming Landlord as additionally insured, and workers’ compensation insurance. Landlord shall carry, at its expense, special perils property insurance and commercial general liability insurance. Tenant shall pay Landlord its pro rata share for the cost of Landlord’s insurance.

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TENANT OVERVIEW

Foundation Chiropractic is a local Green Bay business with strong ties to the community. The business provides in-depth examination to create scientifically customized plans of care for their clients. Foundation Chiropractic specializes in Principled and Neurologically Based Chiropractic Care- based on the correction of bone misalignments in the spine.

MISSION

It is Foundation Chiropractic’s mission to educate their community about true health. They aim to lay a solid foundation for their clients’ families’ health and give hope to those who have lost it, through neurologically based chiropractic care.

Rent Commencement 3/15/2017Original Term 5.5 YearsOptions Two, 5-Year Options at Market RateIncreases 2% Annual IncreasesNumber of Locations 2Website www.fcc4health.com

LEASE SUMMARY

Landlord Responsibilities

Roof Structure and any repairs to HVAC exceeding $1,000

Tenant Responsibilities

Interior and any non-structural damages

Common Area Maintenance

Landlord shall be responsible for the maintenance of common areas. Tenant shall pay Landlord, as additional rent, its pro rata share of CAM, including an admin fee not to exceed 5%. Annual increases in CAM shall not exceed 5%.

Taxes Tenant shall pay, as additional rent, its pro rata share of taxes.

Insurance

Tenant, at Tenant’s sole cost and expense, shall obtain and maintain all-risk property insurance, commercial general liability insurance naming Landlord as additionally insured, and workers’ compensation insurance. Landlord shall carry, at its expense, special perils property insurance and commercial general liability insurance. Tenant shall pay Landlord its pro rata share for the cost of Landlord’s insurance.

SURROUNDING TENANTS

LAMBEAU FIELD

Subject Property

Bay Park Square MallVillage at Bay Park

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Subject Property

Green Bay DMV

Bayside Marketplace IndustrialPark

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TRAFFIC COUNTS

± 72,000 VPD

Airport Drive± 64,000 VPD

S. Oneida St± 24,000 VPD

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PARCEL MAP

S. O

neid

a St

± 2

4,00

0 V

PD

1 2 |

LOCATION MAP

1

2

3

4

1 M i l e 3 M i l e s

DISTANCE TO:

DOWNTOWN GREEN BAY ±4.6 MILES

LAMBEAU FIELD±1.6 MILES

BAY BEACH AMUSEMENT PARK±7.1 MILES

AUSTIN STRAUBEL INT’L AIRPORT ±4.2 MILES

1

3

2

45 M i l e s

SubjectProperty

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Oldest Cityin Wisconsin

352,422MSA Residents

$550 Million+ annual tourism impact

AREA OVERVIEW

GREEN BAY, WISCONSIN

Green Bay is the third-largest city in the state of Wisconsin, the third-largest city on Lake Michigan’s west shore, and the seat of Brown County. It is the principal city of the Green Bay Metropolitan Statistical Area, which is home to over 350,000 people

as of the 2010 census.

Green Bay is an industrial city with several meatpacking plants, paper mills, and a port on Green Bay, an arm of Lake Michigan known locally as “the Bay of Green Bay”. Green Bay hosts the Neville Public Museum, with exhibitions of art, history, and

science; the Children’s Museum; and the University of Wisconsin–Green Bay.

INDUSTRY

Green Bay is known as the “Toilet Paper Capital of the World” because of the prevalence of the paper industry in the city. The presence of the paper industry helped Green Bay avoid the worst effects of the Great Depression. Today, major paper producers include Georgia-Pacific, Procter & Gamble, and Steen-Macek Paper Company. With unemployment levels well below the national average, Green Bay has a healthy economy bolstered by production. The manufacturing industry represents approximately 30% of Green Bay jobs.

Among the earliest packing companies in Green Bay were Acme Packing Company and Indian Packing Company, the namesake of the Green Bay Packers. Today, major meatpackers in the city include JBS S.A. and American Foods Group.

TOURISM

Green Bay’s tourism industry supports approximately 11,500 full-time jobs. The economic impact of tourism is over $550 Million each year, and traveler expenditures contribute over $83.1 Million in local and state taxes annually. Major attractions include Bay Beach Amusement Park, Bay Beach Wildlife Sanctuary, Green Bay Botanical Garden, Heritage Hill State Historical Park, and Lambeau Field, among many others.

POPULATION 1-MILE 3-MILE 5-MILE

2018 Estimate 4,662 60,866 145,834

2023 Projection 4,817 62,547 150,115

Growth: 2018-2023 3.32% 2.76% 2.94%

HOUSEHOLDS 1-MILE 3-MILE 5-MILE

2018 Estimate 2,265 25,011 60,176

Growth: 2018-2023 3.36% 2.88% 3.06%

INCOME 1-MILE 3-MILE 5-MILE

2018 Average Household Income

$55,305

$74,152

$69,023

AREA DEMOGRAPHICS

AREA DEMOGRAPHICS GREEN BAY PACKERS

The Green Bay Packers are a professional American football team based in Green Bay, Wisconsin. It is the third-oldest franchise in the NFL, dating back to 1919, and is the only non-profit, community-owned major league professional sports team based in the United States. Home games have been played at the legendary Lambeau Field since 1957.

The Packers have won 13 league championships, the most in NFL history, with nine pre-Super Bowl NFL titles in addition to four Super Bowl victories. The community of Green Bay is widely known as “Titletown.” And despite its small market, Forbes ranked the Packers as the world’s 26th most valuable sports franchise in 2016, with a value of $2.35 billion.

The Packers have an exceptionally loyal fan base. Regardless of team performance, every game played in Green Bay has been sold out since 1960. Despite the Packers having by far the smallest local TV market, the team consistently ranks as one of the most popular in the NFL.

13Super Bowl Championships

78,092Average GameAttendance 2017

$454.9 MGreen Bay Packers

Revenue 2017 (record)

61 Seasonsat Lambeau Field

(most in NFL history)

This Offer ing Memorandum contains select information pertaining to the business and affairs of Strip Center located at 2626 Oneida St Green Bay, WI 54304(“Property”) . It has been prepared by Matthews Retai l Advisors . This Offer ing Memorandum may not be al l - inclusive or contain a l l of the information a prospective purchaser may desire. The information contained in this Offer ing Memorandum is confidentia l and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made avai lable to any other person without the written consent of Sel ler or Matthews Retai l Advisors . The materia l is based in part upon information suppl ied by the Sel ler and in part upon f inancial information obtained from sources i t deems rel iable. Owner, nor their off icers , employees, or agents makes any representat ion or warranty, express or impl ied, as to the accuracy or completeness of this 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. Prospective purchasers should make their own project ions and form their own conclusions without rel iance upon the materia l contained herein and conduct their own due di l igence.

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

1. The Offer ing Memorandum and its contents are confidentia l ;

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

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

Owner and Matthews Retai l Advisors expressly reserve the r ight , at their sole discret ion, to reject any and al l expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offer ing Memorandum or making an offer to purchase the Property unless and unti l a written agreement for the purchase and sale of the Property has been ful ly executed and del ivered.

If you wish not to pursue negotiat ions leading to the acquis it ion of the Property or in the future you discontinue such negotiat ions, then you agree to purge al l mater ia ls relat ing to this Property including this Offer ing Memorandum.

A prospective purchaser ’s sole and exclusive r ights with respect to this prospective transact ion, the Property, or information provided herein or in connection 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 prospective purchaser have any other c la ims against Sel ler or Matthews Retai l Advisors or any of their aff i l iates or any of their respect ive off icers , Directors , shareholders , owners, employees, or agents for any damages, l iabi l i ty, or causes of act ion relat ing to this sol ic itat ion process or the marketing or sale of the Property.

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

CO 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

OFFERING MEMORANDUM

2626 Oneida St Green Bay, WI 54304

Strip centermattress firm, Wingstop,

& foundation chiropractic

EXCLUSIVELY LISTED BY

Broker of RecordKyle Matthews

LIC # 9381054-91 (WI)

Clay SmithAssociateclay.smith@matthews.comDIR (214) 692-2216MOB (404) 316-3197LIC # 693140 (TX)

Josh BishopVP & Directorjosh.bishop@matthews.comDIR (214) 692-2289MOB (315) 730-6228LIC # 688810 (TX)

Chad KurzSVP & National Directorchad.kurz@matthews.comDIR (214) 692-2927MOB (562) 480-2937LIC # 01911198 (CA)