Investment Opportunity. Foot Locker Outlet. 200 East Ridge Road Griffith, IN 46319

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1 Foot Locker Outlet 200 East Ridge Road Griffith, IN Property Summary: This Foot Locker Outlet is is comprised of 7,970 sf situated on 1.20 acres. Griffith, Indiana is is a town located in Lake County and is is a part of the Chicago metropolitan area. Local area retailers include Big K-Mart, Payless Shoe Source, McDonald s, Taco Bell, White Castle, Pizza Hut, Subway, Jiffy Lube, Advance Auto Parts, KFC, Movie Galley, Dairy Queen, Menard s and PayLow. Griffith is is less than an hour away from Chicago, 6 miles from the Gary/Chicago airport and 7 miles from the nearest Amtrak station. Within 13 miles of Griffith there are 5 Universities and Colleges totaling over 18,000 full time students. These include Perdue University Calmut Campus, Indiana University Northwest, Ivy Tech College Northwest, Prairie State College and Chicago State University. Griffith currently holds the world record for most number of baseball diamonds for its population and most train tracks to intersect at one point. The tenant has been successfully operating at this location since it it was built, over 30 years ago. Price and Cap: We offer this property at $640,000 which is is a 8.75% cap rate on NOI of $56,000 ($7.03 psf) Tenant: Foot Locker, Inc (NYSE: FL) Foot Locker, Inc., through its subsidiaries, operates as a retailer of athletic footwear and apparel stores under various formats, including Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, and Footaction. These stores offer athletic-inspired performance products, manufactured primarily by various athletic brands for activities, including running, basketball, hiking, tennis, aerobics, fitness, baseball, football, and soccer to men and women of all ages. As of February 3, 2007, the company operated 3,942 stores in the United States, Canada, Europe, Australia, and New Zealand. The Direct-to-Customers segment sells, through its affiliates, athletic footwear, apparel, equipment, and team licensed and private-label merchandise in the United States through catalogs and web sites. Foot Locker, Inc. has a strategic alliance to offer footwear and apparel on the Amazon.com web site. The company is is headquartered in New York, New York and has over 16,800 employees. Net income for the year ending February 3, 2007 was $251 million with total assets over $3.25 billion, and sales of $5.75 billion. Sales have grown consistently over the last three years. Lease Summary: Term: 10 years Rent: $56,000 Rent Commencement: 11/1/1999 Expiration Date: 10/31/2009 Options: 2 (5) year with 10% increases at the beginning of each option Lease Type: This is is a triple net lease. Landlord has absolutely no maintenance, repair or replacement responsibility for the building or land, such responsibility being solely that of the tenant. Tenant pays taxes directly and insures the property at no cost to landlord.

2 Pepe s Restaurant Car Wash

3 Strip With Many National Tenants Gas Gas Bank / Furniture Store Local Strip Car Wash Pepe s Restaurant

4 Subject Property Subject Property Pepe s Restaurant Pepe s Restaurant Subject Property Pepe s Restaurant

5 Fire House Pepe s Restaurant Bakeries Auto Garage Car Wash Cambridge Co. Water Tower Ridge Liquors

6 Subject Property PayLow Subject Property

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11 DEMOGRAPHIC PROFILE 2000 Census, 2007 Estimates & 2012 Projections Calculated using Proportional Block Groups Lat/Lon: / E Ridge Rd Griffith, Indiana Mar mi radius 3.00 mi radius 5.00 mi radius AGE HOUSEHOLDS POPULATION MARITAL STATUS & SEX INCOME 2007 Estimated Population 10,519 70, , Projected Population 10,650 71, , Census Population 10,374 70, , Census Population 10,200 71, ,776 Historical Annual Growth 1990 to % -0.1% -0.1% Projected Annual Growth 2007 to % 0.2% 0.1% 2007 Est. Households 4,078 27,467 73, Est. Households 4,111 27,657 73, Census Households 4,068 27,453 73, Census Households 3,910 26,476 71,447 Historical Annual Growth 1990 to % 0.2% 0.1% Projected Annual Growth 2007 to % 0.1% 0.1% 2007 Population 0 to 9 Years 13.6% 13.3% 13.8% 2007 Population 10 to 19 Years 14.0% 14.0% 14.4% 2007 Population 20 to 24 Years 7.1% 6.8% 6.5% 2007 Population 25 to 44 Years 27.7% 26.0% 24.7% 2007 Population 45 to 59 Years 21.6% 21.1% 21.5% 2007 Population 60 to 74 Years 11.1% 12.8% 12.7% 2007 Population 75 Years Plus 4.8% 5.9% 6.6% 2007 Est. Median Age Male Population 48.8% 48.2% 47.6% 2007 Female Population 51.2% 51.8% 52.4% Married Base (15yrs+) 8,346 56, ,354 Never Married 28.7% 27.2% 28.9% Now Married 52.5% 52.5% 48.7% Separated, Divorced or Widowed 18.8% 20.3% 22.4% Households with Kids 38.4% 36.5% 37.3% Average Household Size Est. HH Income $200,000 or More 1.6% 2.1% 3.0% 2007 Est. HH Income $150,000 to 199, % 2.5% 3.1% 2007 Est. HH Income $100,000 to 149, % 11.8% 11.3% 2007 Est. HH Income $75,000 to 99, % 15.1% 13.3% 2007 Est. HH Income $50,000 to 74, % 23.4% 21.2% 2007 Est. HH Income $35,000 to 49, % 15.0% 14.3% 2007 Est. HH Income $25,000 to 34, % 9.8% 10.6% 2007 Est. HH Income $15,000 to 24, % 10.7% 10.4% 2007 Est. HH Income $0 to 14, % 9.7% 12.8% 2007 Est. Average Household Income $59,340 $56,854 $58, Est. Median Household Income $58,943 $55,598 $53, Est. Per Capita Income $23,125 $22,046 $22,347 Number of Businesses 282 2,134 5,604 Total Number of Employees 2,821 23,504 69,057 RACE 2007 Estimated Population 10,519 70, , Est. White Population 70.4% 70.6% 58.5% 2007 Est. Black or African American 18.7% 18.9% 31.0% 2007 Est. American Indian & Alaska Native 0.4% 0.5% 0.5% 2007 Est. Asian & Pacific Islander 1.1% 1.0% 1.3% 2007 Est. Two or more and Other Races 9.4% 9.0% 8.8%