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Confidential Offering Memorandum presented by

NAI Heartland

Forum PlazaShopping Center10th & Forum Drive | Rolla, Missouri

Carl LaSalacarl@nai-heartland.comtel +1 913 956 5805

Jon S. England, CCIM, SECjon@nai-heartland.comtel +1 913 890 2002

NAI Heartland (“Broker”) has been retained by the Seller of Forum Plaza Shopping Center (“Property”) as the exclusive broker for this opportunity.

This Offering Memorandum has been prepared by Broker for use by the principal (“Principal”) to whom Broker has provided this Offering Memorandum. The use of this Offering Memorandum and the information provided herein is subject to the terms, provisions and limitations of the Confidentiality Agreement furnished by Broker and executed by Principal prior to delivery of this Offering Memorandum. Although the information contained herein is based upon sources believed to be reasonably reliable, Owner and Broker, on their own behalf, and on behalf of their respective officers, employees, shareholders, partners, directors, members and affiliates, disclaim any responsibility or liability for inaccuracies, representations and warranties (expressed or implied) contained in, or omitted from, the Offering Memorandum or any other written or oral communication or information transmitted or made available to the recipient

of this Offering Memorandum. In amplification of and without limiting the foregoing, summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents but rather only outlines of some of the principal provisions contained therein, and no representations or warranties are made as to the completeness and/or accuracy of the projections contained herein. Prospective purchasers of the Property should make their own investigations and conclusions without reliance upon this Offering Memorandum, the information contained herein or any other written or oral communication or information transmitted or made available. Additional information and an opportunity to inspect the Property will be made available upon written request by interested and qualified prospective purchasers.

Owner expressly reserves the right, exercisable in Owner’s sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Owner and Broker each

expressly reserves the right, exercisable in their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. Broker is not authorized to make any representations or agreements on behalf of Owner. Owner shall not have any legal commitment or obligation to any entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed, delivered and approved by Owner and the other party thereto and any conditions to Owner’s obligations hereunder have been satisfied or waived. If you have no interest in the Property at this time, return this Offering Memorandum immediately to:

NAI Heartland

4400 College Boulevard, Suite 170 tel +1 913 362 1000 fax +1 913 362 6700 www.nai-heartland.com

Disclaimer

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04 Section 01 Executive Summary

05 Section 02 Property Description

12 Section 03 Financial Analysis

22 Section 04 Market Overview

Table ofContents

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Executive Summary

OFFERING SUMMARYOffering Price $12,128,000

CAP Rate 6.60%

Total SF / Acres 144,300 SF / 12.45 AC

Year Built 1976 to 2015

Occupancy 98%

Subject Property Tenants Associated Wholesale Grocers, Inc. (Price Chopper)

Dickey Bub Farm & HomeGoodwill

Family Dollar

NOI $801,118

Zoning Commercial

Forum Plaza Shopping Center 10th & Forum DriveRolla, Missouri

52The Forum Plaza Shopping Center in Rolla, Missouri is a 144,300 SF strip center anchored by both a 48,000 SF Associated Wholesale Grocers, Inc. Price Chopper branded grocery store and a 47,000 SF Dickey Bub Farm & Home Store. The Price Chopper represents a solid anchor for the other retailers and businesses in the shopping center which also includes national credit tenants Goodwill and Family Dollar. A grocery store promotes a number of retail visits to the center on a daily basis. The AWG credit makes this property easily financiable for the buyer under favorable terms. The Dickey Bub Farm & Home Store is also a retail draw for the center, it offers hardware for both homeowners and commercial uses.

The 98% leased center hosts a good mix of other quality retailers including Shoe Sensation, Goodwill and Family Dollar. These tenants are not only good draws for the center, but also national credit tenants. Plus, the property is located in a well-established neighborhood at a good intersection.

Investment Highlights• Price Chopper is a credit worthy tenant backed by AWG• Co-anchored by Dickey Bub Farm & Home Store• 98% leased with a good mix of quality retailers including several national credit tenants• Located in well-established neighborhood

PropertyDescription

Investment Overview

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2 Regional Map

Greater Kansas City Metro

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2 Local Map

Forum PlazaShopping

Center

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2 Aerial Photo

E 10th Street

McC

utch

en D

rive

Hol

low

ay S

treet

E 10th Street

Rolla Health and Recreation

Complex

GreentreeChristian Church

Rolla Health & Rehabilitation

Suites

USGS Center

Rolla Technical Institute

Foru

m D

rive

Subject Property

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2 Site Plan

48,000 SF

4,800 SF 6,400 SF

Vacant2,500 SF

7,500 SF 7,600 SF 9,600 SF 47,000 SF6,800 SF 4,100 SF

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2 Property Photos

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2 Surrounding Property

4Rolla, Missouri Location Overview

MarketOverview

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Rolla is the County Seat of Phelps county with an estimated population of 16,983. The community also serves residents of rural Missouri including a 30-mile radius with an estimated population of over 130,000. Located half way between St. Louis and Springfield, Rolla is accessible to traffic from Interstate 44, US Highway 63 and Missouri Highway 72. Burlington Northern-Santa Fe’s main rail line passes through Rolla. Lambert-St. Louis International Airport is located 2 hours east of Rolla/Phelps to the northeast and Springfield-Branson Regional Airport is approximately 1.5 hours driving time from Rolla on Interstate 44. Rolla/Phelps County was the US Census year 2000 Demographic Center of the United States adding new meaning to the community slogan, “The Middle of Everywhere.” This central location makes access to major city markets, like St. Louis, Kansas City, Memphis, Chicago and Dallas/Ft. Worth quick and convenient. Rolla’s 500 mile “Immediate Market Area” includes 42% of the US population, 39% of US retail sales, 73% of US farm-product raw materials wholesalers and 41% of US effective buying income.

Rolla is home to the Missouri University of Science & Technology (MS&T), ranked by the US News and World Report as one of the leading technology and engineering schools in the United States. The University has more than 8,800 students, most of which study engineering, business, sciences and mathematics. Rolla is also blessed with a diverse and highly rated public school district. The AAA rated district serves over 4,000 students with three elementary, a middle school, one junior high and one high school. Both Rolla Middle School and Rolla High School have been named Blue Ribbon Schools of Excellence by the US Department of Education and Gold Star Schools.

Fast Facts• Located half way between St. Louis and Springfield• Home to Missouri University of Science & Technology (MS&T)• Quick and convenient access to major city markets including

St. Louis, Kansas City, Memphis, Chicago and Dallas/Ft. Worth

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4 DemographicSummary

Population 1 Mile 3 Mile 5 Mile2021 Projection 8,102 23,147 27,1852016 Estimate 8,241 23,404 27,499Growth 2016-2021 -0.3% -0.2% -0.2%2010 Census 7,964 22,963 27,2082000 Census 7,071 19,994 23,597Growth 2000-2016 1.0% 1.1% 1.0%

Households 1 Mile 3 Mile 5 Mile2021 Projections 3,770 9,717 11,3912016 Estimate 3,657 9,367 10,9842010 Census 3,424 8,915 10,5472000 Census 3,045 7,907 9,3002016 TotalHousing Units

3,981 10,201 11,992

2016 Est. Owner Occupied

36.4% 42.5% 46.9%

2016 Est. Renter Occupied

55.5% 49.3% 44.7%

2016 Vacant 8.1% 8.2% 8.4%

2016 Income 1 Mile 3 Mile 5 Mile2016 Est. Average Household Income

$46,115 $51,013 $53,426

2016 Est. Median Household Income

$35,177 $40,467 $42,844

2016 Est. PerCapita Income

$20,787 $20,957 $21,813

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Broker Bio

Carl LaSalaPartner+1 916 956 5805carl@nai-heartland.com

Experience

Carl enjoys over thirty-five years of commercial real estate experience with noteworthy achievements in the areas of site selection, development, project marketing and excess property disposition. He has volunteered his entrepreneurial spirit to a host of civic and professional activities including ICSC State Director, past President of both the Kansas City Metropolitan Commercial Brokers Association and the Johnson County Commercial and Industrial Division Board of Directors. Carl was awarded the Johnson County Board of Realtors 1999 Commercial Realtor of the Year Award.

Carl’s experience is leasing big box spaces is unparalleled by any other broker in this market due to his experience in marketing Walmart, Kmart and Associated Wholesale Grocers closed stores. Additionally, he has sold countless pad sites for Walmart over several years of marketing their properties.

Personal Life

Carl is a former Navy pilot and a retired Naval Reserve Commander. He is married and has three sons, nine grandchildren and one cat.

Education

Carl LaSala is a graduate of Rockhurst University in Kansas City.

Background & Experience

Licensed Commercial Real Estate Agent Kansas, Missouri, Colorado, Iowa, Nebraska, South Dakota

International Council of Shopping Centers Member Former State Director

Johnson County Board of Realtors Past President,Commercial Industrial Division

Commercial Brokers Association of Kansas City Past President

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Broker Bio

Jon S. England, CCIM, SECPartner+1 913 890 2002jon@nai-heartland.com

Profile

Jon specializes in Investment Sales, which includes specialties in Self Storage, Multifamily and Strategic Consulting. Jon also has recent transaction experience in Office, Industrial, Retail, Land and net leased transactions. He creates value for his clients through individual consideration of investment goals, problem solving and superior market understanding. Through specialized education Jon has expertise in all types of real estate, marketing methods, and exchanging of property assets to accomplish creative solutions to meet all types of investment goals.

Education

Jon graduated with a B.A. in Business Administration from the University of Nebraska-Lincoln.

Professional Affiliations & Designations

Jon England is a licensed Kansas and Missouri Real Estate Broker and

is the 2016 President of the Kansas City CCIM Chapter. He is currently

the only Missouri Broker to be a member of the Society of Exchange

Counselors (SEC), a national “by invitation only” real estate group that

holds regular marketing sessions around the United States which Jon

attends on behalf of his clients.

Background & Experience2016 – present: Partner, NAI Heartland

(Investment Brokerage)2011 – 2016: Principal, Lee & Associates

(Investment Brokerage)2006 – 2011: Cassidy Turley / Colliers Turley Martin Tucker (Office Sales /

Investment Brokerage)2001 – 2006: Meyer Companies, Inc.

(Brokerage & Development)

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NAI Heartland4400 College Boulevard, Suite 170Overland Park, KS 66211+1 913 362 1000jon@nai-heartland.com