Chase Bank Ground lease 1440 N Center Rd, Saginaw, MI R E T A I L A D V I S O R S

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1 Chase Bank Ground lease 1440 N Center Rd, Saginaw, MI Offering Memorandum R E T A I L A D V I S O R S

2 CONFIDENTIALITY & DISCLAIMER STATEMENT This Offering Memorandum contains select information pertaining to the business and affairs of Chase Bank located at 1440 N Center Rd, Saginaw, MI ( Property ). It has been prepared by Matthews Retail Advisors. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential 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 available to any other person without the written consent of Seller or Matthews Retail Advisors. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence. By acknowledging your receipt of this Offering Memorandum for the Property, you agree: 1. The Offering Memorandum and its contents are confidential; 2. You will hold it and treat it in the strictest of confidence; and 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller. Owner and Matthews Retail Advisors expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or 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 and delivered. If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum. A prospective purchaser s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Retail Advisors or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property. This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum. Matthews Retail Advisors

3 Table of Contents Pricing & Financial Analysis Investment Overview... 2 Investments Highlights... 2 Executive Summary...3 Company Overview...4 Property Description Physical Description...7 Birds Eye... 8 Regional Map... 9 Tenant Map...10 Demographics City Overview Saginaw, MI...12 Demographics Report...13 EXCLUSIVELY LISTED BY: Chris Andrulis Associate direct MOBILE chris.andrulis@matthews.com License No Calvin Short Partner direct MOBILE calvin.short@matthews.com License No Michigan Broker of Record DZ Net Lease Realty, LLC License No Downtown Saginaw, MI

4 Pricing & Financial Analysis

5 Investment Overview Chris Andrulis and Matthews Retail Advisors are pleased to exclusively offer for sale to qualified investors a prime NNN leased investment opportunity located in Saginaw, MI. JP Morgan Chase (S&P Credit Rating A+, NYSE: JPM) is the largest bank in the US by assets and is one of the largest financial institutions in the world. Located on a signalized corner on a heavily trafficked street, this bank location has proven over the course of decades to be a top performing branch. Investments Highlights Incredible Deposits of over $81 Million Absolute NNN Investment - Zero Landlord Obligations Signalized Corner Position Highly Trafficked Location S&P Rated A+ Credit Investment Grade - NYSE: JPM Largest Bank in the US with over $2.6 Trillion in Assets One (1), Five (5) Year Option P. 2 Matthews Retail Advisors OFFERING MEMORANDUM Chase Bank

6 Executive Summary Chase Bank 1440 N Center Rd Saginaw, MI List Price...$800,000 CAP Rate - Current % Gross Leasable Area... ± 2,448 SF Lot Size...± 0.76 Acres (33,106 SF) Year Built Annualized Operating Data Lease Commencements Monthly Rent Annual Rent Rent/SF CAP Rate Current - 2/12/2018 $4, $48, $ % Tenant has one (1) option to extend their lease term by five (5) years. The Renewal Term shall be on the same terms and conditions of the original lease except the rent shall be based on the prevailing Fair Market Rate. Tenant Summary Tenant Trade Name JP Morgan Chase & Co. Type of Ownership Ground Lease Lease Guarantor Corporate Lease Type Absolute NNN Roof and Structure Tenant Responsible Deposits as of June 30, 2015 $81.42 Million Original Lease Term 20 Years Lease Commencement Date 6/13/1977 Rent Commencement Date 6/15/1977 Lease Expiration Date 2/12/2018* Term Remaining on Lease ± 2.25 Years Increases Fair Market Rent Upon Lease Expiration Options One (1), Five (5) Year Option Tenant shall have the right of refusal to purchase the Right of First Refusal premises if the seller receives a bona fide offer. The tenant must notify within 60 days *Lease has been amended to provide an extended term that expires Ferbruary 12, Chase Bank OFFERING MEMORANDUM Matthews Retail Advisors P. 3

7 Company Overview Property Name Chase Bank Parent Company Trade Name JP Morgan Chase & Co. Ownership Public Credit Rating A Rating Agency Standard & Poor s Revenue ± $91.07 Billion Net Income ± $21.76 Billion Stock Symbol JPM Board NYSE No. of Locations ± 5,500 Branches, ± 18,000 ATMs No. of Employees ±265,359 Headquartered New York, NY Web Site Year Founded 1799 JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; and residential mortgages and home equity loans, as well as provides credit cards, payment services, payment processing services, and auto and student loans. The Corporate & Investment Bank segment provides investment banking, market-making, prime brokerage, and treasury and securities products and services to corporations, investors, financial institutions, and government and municipal entities. The Commercial Banking segment offers financial solutions, including lending, treasury, investment banking, and asset management to corporations, municipalities, financial institutions, and nonprofit entities, as well as finances real estate investors and owners. The Asset Management segment provides investment and wealth management services across various asset classes, such as equities, fixed income, alternatives, and money market funds; multi-asset investment management services; retirement products and services; and brokerage and banking services comprising trusts and estates, loans, mortgages, and deposits. Source: Yahoo Finance P. 4 Matthews Retail Advisors OFFERING MEMORANDUM Chase Bank

8 Property Description

9 P. 6 Matthews Retail Advisors OFFERING MEMORANDUM Chase Bank

10 Physical Description THE OFFERING Property Name...Chase Bank Property Address N Center Rd Saginaw, MI Assessor s Parcel Number SITE DESCRIPTION Number of Stories...One Year Built Gross Leasable Area (GLA)...± 2,448 SF Lot Size...± 0.76 Acres (33,106 SF) Type of Ownership... Ground Lease Parking...± 28 Surface Spaces Parking Ratio... ± : 1,000 SF Landscaping...Professional Topography... Generally Level Chase Bank OFFERING MEMORANDUM Matthews Retail Advisors P. 7

11 Birds Eye P. 8 Matthews Retail Advisors OFFERING MEMORANDUM Chase Bank

12 Regional Map Chase Bank OFFERING MEMORANDUM Matthews Retail Advisors P. 9

13 Tenant Map P. 10 Matthews Retail Advisors OFFERING MEMORANDUM Chase Bank

14 Demographics

15 City Overview Saginaw, MI Saginaw County is a place where collaboration fuels innovative business opportunities and lives are empowered by a shared vision for the future. Long known for its productive agricultural lands, lively culture, solid manufacturing base and bountiful natural resources, Saginaw County offers a rich and diverse quality of life enhanced and defined by a population willing to roll up their sleeves and make things happen. Saginaw County provides friendly and affordable living for approximately 200,000 citizens who live, work, learn and play within its borders. Encompassing 810 square miles located within the heart of the Great Lakes Bay Region, Saginaw County is home to a vast system of waterways and woodlands as well as a wealth of nature preserves, trails and facilities that support a love for green spaces and active lifestyles. P. 12 Matthews Retail Advisors OFFERING MEMORANDUM Chase Bank

16 Demographics Report Population 1-Mile 3-Mile 5-Mile 2020 Projection 8, ,636 62, Estimate 8, ,490 64, Census 8, ,370 65, Census 8, ,287 68,462 Households 1-Mile 3-Mile 5-Mile 2020 Projection 3,684 59,687 26, Estimate 3,717 60,418 27, Census 3,763 61,278 27, Census 3,548 62,738 28,299 Income 1-Mile 3-Mile 5-Mile $0 - $15, % 18.31% 15.63% $15,000 - $24, % 14.24% 14.55% $25,000 - $34, % 12.44% 12.62% $35,000 - $49, % 15.68% 16.53% $50,000 - $74, % 17.37% 17.99% $75,000 - $99, % 9.67% 9.89% $100,000 - $124, % 5.36% 5.81% $125,000 - $149, % 3.17% 3.35% $150,000 - $199, % 2.51% 2.43% $200,000 - $249, % 0.62% 0.60% $250,000 - $499, % 0.57% 0.56% $500, % 0.07% 0.05% 2015 Est. Average Household Income $64,173 $52,179 $53, Est. Median Household Income $51,795 $39,792 $41,541 Chase Bank OFFERING MEMORANDUM Matthews Retail Advisors P. 13

17 Chase Bank Ground lease 1440 N Center Rd Saginaw, MI OFFERING MEMORANDUM Chris Andrulis Associate direct MOBILE chris.andrulis@matthews.com License No Calvin Short Partner direct MOBILE calvin.short@matthews.com License No Michigan Broker of Record DZ Net Lease Realty, LLC License No Matthews Retail Advisors 841 Apollo Street, Suite 150 El Segundo, CA