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BISON CROSSING

OFFERING MEMORANDUM

BISON CROSSING3930 N KICKAPOO ST, SHAWNEE, OK

Call For Offers - Due April 16, 2018

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BISON CROSSING

CONFIDENTIALITY & CONDITIONSNewmark Grubb Levy Strange Beffort (“NGLSB”) has been engaged as the exclusive sales representative for the sale of Bison Crossing, located at 3930 N Kickapoo St., Shawnee, OK 74804 (individually a “Property” or collectively the “Property” or “Portfolio”) by David Peck (the “Seller”).

The Property is being offered for sale in an “as-is, where-is” condition, and the Seller and NGLSB make no representations or warranties as to the accuracy of the information contained in this Offering Memorandum. The enclosed materials include confidential information and are being furnished solely for the purpose of review by prospective purchasers (“Purchasers”) of the interest described herein for which they shall be fully and solely responsible. Neither the enclosed materials, nor any information contained herein, are to be used for any other purpose, or made available to any other person without the express written consent of the Seller. Each recipient, as a prerequisite to receiving the enclosed information, should be registered with NGLSB as a “Registered Potential Investor” or as a “Purchaser’s Broker” as hereinafter defined for an identified “Registered Potential Investor”. 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 NGLSB prior to delivery of this Offering Memorandum.

The material contained herein is based on information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by NGLSB or the Seller or any of their respective representatives, affiliates, officers, employees, shareholders, partners, and directors, as to its accuracy or completeness. 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. Neither the Seller nor NGLSB shall have any liability whatsoever for any other written or oral communication or information transmitted, or made available, or any action taken, or decision made by the recipient with respect to the Property.

The Seller reserves the right, at its sole and absolute discretion, to withdraw the Property

from the market for sale at any time and for any reason without notice, 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. This Offering Memorandum is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. NGLSB is not authorized to make any representations or agreements on behalf of the Seller. The Seller shall have no legal commitment or obligation to any recipient reviewing the enclosed materials, performing additional investigation, and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions required under the contract for title to pass from the Seller to the Purchaser has been satisfied or waived.

By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents will be held and treated in the strictest of confidence; and (b) the recipient shall not contact employees, contractors, sub-contractors or lien-holders of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or NGLSB; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of the Seller or NGLSB or as otherwise provided in the Confidentiality Agreement executed and delivered by the recipient(s) to NGLSB.

The Seller will be responsible for any commission due to NGLSB in connection with a sale of the Property. However, any broker engaged by Purchaser (“Purchaser’s Broker”) shall seek its commission only from the Purchaser. Under no circumstances will NGLSB or the Seller be liable for same and recipient will indemnify and hold NGLSB and the Seller harmless from any claims by any brokers having dealt with recipient other than NGLSB. Any Purchaser’s Broker must provide a registration signed by the recipient acknowledging said Purchaser’s Broker’s authority to act on the recipient’s behalf.

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BISON CROSSING

DANNY OJEDA405.602.3046 (O)

405.206.9659 (C)

dojeda@newmarklsb.com

EXCLUSIVE ADVISORS

MICHAEL RAPELLA405.600.6342 (O)

405.219.6977 (C)

mrapella@newmarklsb.com

EXCLUSIVE ADVISORS

SALE TERMS & CONTACT INFO

EXECUTIVE SUMMARY ���������������������������������������� 4

The Offering ....................................................................... 5

LOCATION OVERVIEW ��������������������������������������� 6-8

Location Map .......................................................................... 7

Site Aerial ............................................................................... 8

Market Aerial.......................................................................... 9

FINANCIAL OVERVIEW ���������������������������������� 10-13

Financial Summary ................................................................11

Income and Expenses ..................................................... 12

Rent Roll .......................................................................... 13

MARKET OVERVIEW �������������������������������������� 14-18

Market and Demographic Summary ..................................... 15

Oklahoma Market Overview .......................................16-17

Advisors ........................................................................... 18

EXCLUSIVE ADVISORS

JAY COHLMIA405.602.2989 (O)

405.620.1935 (C)

jaycohlmia@newmarklsb.com

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BISON CROSSING

EXECUTIVESUMMARY

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BISON CROSSING

BUILDING SF: 7,800 SF

LAND SIZE: 0.75 ACRES

2017 TAXES: $9,578

2017 INSURANCE: $2,682

Newmark Grubb Levy Strange Beffort is pleased to present the opportunity to acquire Bison Crossing (“Property”), which is a 7,800, square foot strip center located along Kickapoo St. (14,790 VPD) in Shawnee, Oklahoma. Bison Crossing benefits from a complimentary tenancy mix, with national, regional, and local retailers.

THE OFFERING

EXECUTIVE SUMMARY

SALE PRICE: Call For Offers - April 16, 2018

PROPERTY DETAILS

SHAWNEE, OKLAHOMA• Located 45 minutes east of downtown, Oklahoma City, Shawnee has a trade

area that serves over 400,000 people within a 30 mile radius.• Bison Crossing is located at the main retail corridor in Shawnee, near I-40

(25,800 VPD) along Kickapoo St.(14,790 VPD).• A few of the surrounding neighbors include Hobby Lobby, Petsmart, TJ Maxx,

Lowe’s (highest volume Lowe’s in Oklahoma), Starbucks, What-A-Burger, Aldi, McDonald’s, McAlister’s, and Qdoba.

AREA HIGHLIGHTS

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LOCATION OVERVIEW

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LOCATION MAP

PROPERTY OVERVIEW

SITE

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SITE AERIAL

PROPERTY OVERVIEW

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MARKET AERIAL

PROPERTY OVERVIEW

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FINANCIAL OVERVIEW

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FINANCIAL SUMMARY

FINANCIAL OVERVIEW

INVESTMENT OVERVIEW

Call For Offers - Due April 16, 2018

OPERATING DATA

Gross Income $133,007

Operating Expenses $23,145Net Operating Income $109,862

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BISON CROSSING

INCOME & EXPENSES

FINANCIAL OVERVIEW

INCOME SUMMARY

GROSS INCOME $133,007

EXPENSE SUMMARY

Taxes $9,578Insurance $2,682Common Area Maintenance $6,896Management Fee $3,990GROSS EXPENSES $23,145

NET OPERATING INCOME $109,862

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BISON CROSSING

RENT ROLL

FINANCIAL OVERVIEW

Suite Tenant Occupied SF Vacant SF Lease Exp. Rent/Month Annual Rent Annual

Reimbursables Total

1 Envy Nails 1,536 11/30/2022 $18.00 $27,648.00 $3,840.00 $31,488.002 Vacant 1,0243 Supercuts 1,152 12/31/2022 $18.00 $20,736.00 $3,456.00 $24,192.004 Physical Therapy Central 2,432 10/30/2022 $17.00 $41,344.00 $4,864.00 $46,208.005 Elevated Grounds Coffee 1,518 10/30/2022 $18.00 $27,324.00 $3,795.00 $31,119.00

Totals/Averages 6,638 1,024 $117,052.00 $15,955.00 $133,007.00

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MARKET OVERVIEW

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MARKET AND DEMOGRAPHIC SUMMARY

0-1 MI� 0-3 MI� 0-5 MI�

2017 Population 5,288 25,959 35,017

2022 Population 5,399 26,596 35,886

2010-2017 Annual Rate 0.38% 0.53% 0.56%

2017-2022 Annual Rate 0.42% 0.49% 0.49%

2017 Total Households 1,806 9,409 12,673

2022 Total Households 1,900 10,359 13,907

2010-2017 Annual Rate 0.55% 0.59% 0.59%

2017-2022 Annual Rate 0.42% 0.53% 0.53%

2017 Average Household Income $52,557 $58,759 $57,103

2017-2022 Annual Rate 2.22% 2.53% 2.50%

2017 Median Household Income $39,700 $41,743 $40,438

2017-2022 Annual Rate 1.00% 1.36% 1.18%

MARKET OVERVIEW

0

5000

10000

15000

20000

25000

30000

35000

40000

1 MI 3 MI 5 MI 1 MI 3 MI 5 MI

2017 POPULATION 2022 POPULATION

5,288

25,959

35,017

5,399

26,596

35,886

Population

$52,557

$58,759

$57,103

$39,700

$41,743

$40,438

2017 Household Income

2017 Average Income 1 MI

2017 Average Income 3 MI

2017 Average Income 5 MI

2017 Median Income 1 MI

2017 Median Income 3 MI

2017 Median Income 5 MI

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OKLAHOMAOVERVIEW

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OKLAHOMA MARKET OVERVIEWOklahoma City has seen immense growth over the past decade. As of 2017, the Oklahoma City Metro area’s population is nearing 1.4 million people. Since 2010, the Oklahoma MSA is the 10th fastest growing large metro in the country and has grown twice as fast as the U.S.

ECONOMIC DEVELOPMENTPROJECT 180Funded by the tax increment financing district created for Devon Energy’s project, the $176 million project redesigned downtown streets, sidewalks, parks and plazas to improve appearance and make the central core more pedestrian friendly.NEW CONVENTION CENTERThe $287 million convention center will be located just south of the Chesapeake Arena and is expected to triple the economic impact of the existing Cox Convention Center. Annual economic impact of the new 470,000 square foot center is estimated at $80 million, while a total of 1,100 jobs to be created by the site. Construction is expected to begin in 2018 with an opening in 2020.GENERAL ELECTRICCompleted in 2016, the $110 million global energy research center will employ 130 employees focused on solving problems facing the oil and natural gas industry and is expected to generate an economic impact of $13 million annually.HOBBY LOBBYIn 2015, Hobby Lobby completed its $88 million, 1.9 million square foot warehouse (equal to 33 football fields) adjacent to its corporate campus in southwest Oklahoma City.BOEINGCompleted an $80 million, 290,000 square foot facility to house the engineering and research and development laboratories in July 2016. Boeing’s economic impact to Oklahoma City is estimated at more than $637 million.

Downtown Park

The $130 million, 70 acre urban park proposed as part of MAPS 3 will include a playground, walking/biking trails, athletic fields, amphitheaters, a dog park, restaurants, public art space, and gar-dens. The park will be bisected by the new I-40, with the sections linked by a pedestrian skybridge. Completion is expected in 2021.

Riversport Rapids Whitewater Rafting & Kayaking Center

The new $45 million whitewater rafting and kayaking center will be a state-of-the-art aquatic adventure facility, one of the biggest raft-ing facilities in the world. Oklahoma City is the home of the U.S. Olympic canoe and kayak team and was one of only six stops on the 2016 Road to Rio Olympic tour.

Downtown Oklahoma City and the Central Business District are in the midst of an economic revival - one of the largest in the nation. Downtown has attracted more than $5 billion in public and private investment since the original MAPS project. Since 2000, Downtown Oklahoma City has witnessed:

> Population increase of over 20%, with the daytime population within a three-mile radius swelling to nearly 200,000.

> Traffic counts exceeding 100,000 daily at I-35 and I-40.

> Property value increase 118% along with more than 1,000 multifamily units that opened in 2015 and 2016.

Of the numerous development and redevelopment projects oc-curring or completed throughout the city, the most significant ventures include:

MAPS 3 PROJECTSIn 2009, voters approved a MAPS 3 initiative that will use a penny sales tax to fund $777 million in eight community projects through 2022. These projects are expected to create 25,000 new, per-manent private-sector jobs. Officials hope that MAPS 3 will spur billions of dollars in private investments, as its predecessors did. Although final designs are still to be determined, major compo-nents of the latest MAPS program include the following:

New Convention Center

The $287 million convention center will be located just south of the Chesapeake Arena and is expected to triple the economic impact of the existing Cox Convention Center. Annual economic impact of the new 470,000 square foot center is estimated at $80 million, while a total of 1,100 jobs would be created by the site, up from the current 400. Construction is expected to begin in 2018 with an opening in 2020.

Economic Development | New Construction

OKLAHOMA CITY Market Overview

Oklahoma City boasts myriad world-class museums, exquisite dining, luxury hotel accommodations, and a thriving nightlife. The City’s NBA basketball team—the Oklahoma City Thunder—play in the new Chesapeake Energy Arena. In addition, professional hockey returned to Oklahoma City in 2010. Some of the city’s area attractions include (but are not limited to):

BRICKTOWNOne of the City’s most notable attractions is its Bricktown neigh-borhood, a premiere entertainment and dining venue. This once-busy warehouse district is now home to restaurants, movie the-aters, monumental bronze sculptures, and Chickasaw Bricktown Ballpark. The area is linked by the mile-long Bricktown Canal. The canal’s water taxi pass, which grants riders all-day access, is considered the best way to traverse Oklahoma City.

RIVERSPORT RAPIDS WHITEWATER RAFTING AND KAYAKING CENTER This $45 million state-of-the-art center, which is located just south of Bricktown, is one of the biggest rafting facilities in the world. The center opened in the summer of 2016 and is home to the U.S. Olympic kayak and canoe team. The adjoining Boathouse District also offers a zip line, pump track, extreme jumping, flatwa-ter kayaking, stand up paddle boarding, and dragon boat racing.

OKLAHOMA CITY MUSEUM OF ARTLocated in the heart of the Art District, the museum boasts the most comprehensive Dale Chihuly exhibit in the world.

STOCKYARDS CITYHome to Cattleman’s Steakhouse and Red Prime Steak, as well as western apparel and goods stores and Native American jewel-ers and art galleries.

THE MOTHER ROADOklahoma has more drivable miles of Route 66 than any other state.

OKLAHOMA RIVEREach year, the recently rejuvenated river attracts the nation’s top kayakers and canoeists.

MYRIAD BOTANICAL GARDENSKnown for its Crystal Bridge Tropical Conservatory; the bridge was designed by I.M. Pei.

Tourism & Recreation

OKLAHOMA CITY Market Overview

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BISON CROSSING

DANNY OJEDA405.602.3046 (O)

405.206.9659 (C)

dojeda@newmarklsb.com

Oklahoma City | 204 N. Robinson, Ste. 700, Oklahoma City, OK, 73102 | 405.840.1500Tulsa | 2021 S Lewis Ave., Ste. 410, Tulsa, OK 74104 | 918.481.3200

Levy Strange Bef fort

EXCLUSIVE ADVISOR

www.newmarklsb.com

MICHAEL RAPELLA405.600.6342 (O)

405.219.6977 (C)

mrapella@newmarklsb.com

EXCLUSIVE ADVISOR EXCLUSIVE ADVISOR

JAY COHLMIA405.602.2989 (O)

405.620.1935 (C)

jaycohlmia@newmarklsb.com