La Plaza. Pacific Hwy 99. kent-des moines rd 63, Pacific Highway South Kent, WA 98032

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1 Pacific Hwy kent-des moines rd La Plaza Midway Pacific Highway South Kent, WA ,000+ ADT Paul Sleeth Executive Vice President Billy Sleeth senior Vice President Colliers International 601 Union Street, Suite 5300 Seattle, WA

2 puget sound des moines sea-tac international airport Seattle La plaza midway 63,000+ ADT Pacific Hwy ,000+ ADT Shopping Center is located fifteen miles south of Downtown Seattle in Kent, Washington. The property is located one block west of a major I-5 interchange at the intersection of Highway 99 and Highway 516. The asset benefits from having the dominant location in the trade area, strong traffic counts, excellent visibility and curb appeal, successful anchor tenants, and a solid tenant line-up with a good mix of national and regional tenants. 516 kent-des moines rd

3 INVESTMENT HIGHLIGHTS» dominant Location in the Trade Area: has the dominant location in the trade area at the intersection of Highway 99 and Highway 516, one block west of a major I-5 interchange. The center will not be out-positioned within the trade area.» anchor Story: All three anchors are successful at this location and have a positive story. Goodwill is a solid regional tenant with a strong balance sheet. Goodwill reports excellent sales, company-wide, and specifically at this location. UW Medical has previously expanded and invested into their space at La Plaza. Ramirez Brothers has expanded and now taken over the entire grocery space.» rental Increases: In addition to the shop lease increases, four of the largest rent payers, representing 40% of the total revenue, have annual increases. The NOI grows 39% over the 10-year hold period.» tenant Line-Up: The property has a strong lineup of national and regional tenants including Starbucks, Goodwill, UW Medical Center, Pizza Hut, Cash America, Sprint, Sally Beauty, and Subway.» starbucks: Starbucks has recently completed a remodel, revealing success at this location. Starbucks below-market rent provides rental upside in the future.» excellent Visibility and Regional Access: The property benefits from excellent visibility and signage on Highway 99 and Highway 516. Highway 99 is the main north-south highway in the region, connecting north to Seattle and south to Tacoma. Highway 516 is a major east-west highway providing access west to the neighborhoods and waterfront community of Des Moines, and east to I-5, Highway 167 and the Kent Valley.» strong Retail Corridor: The asset is located in a strong retail corridor with tenants including: Lowes, Fred Meyer, Safeway, Walgreens, Rite Aid, LA Fitness and Bartell Drugs. Lowes, Fred Meyer, LA Fitness, and have all been developed or redeveloped within the past five years, showing retailer commitment to the trade area.» traffic Counts: Traffic counts are in excess of 63,000 cars per day at the intersection of Hwy. 99 and Hwy. 516 and over 204,000 cars per day on I-5.» Proper Tenant Mix: caters to its trade area with the proper tenant mix, allowing the tenants and the center to be successful.» kent Economy: The city of Kent has a very strong economy and is driven by a diverse group of companies. Major employers include Boeing, which has a large plant, General Electric, Kimberly-Clark, and Whirlpool, who have distribution facilities. Kent is home to 7,592 companies, including REI, Oberto Sausage Company and Seattle Bicycle Supply.» Located in a Seattle Suburb: The center is located in a suburb of Seattle in close proximity, and with direct access to the Puget Sound s major economic centers. lies just two miles west of the Kent Valley, the major industrial / flex concentration in the Puget Sound. La Plaza lies 15 miles south of Downtown Seattle and 18 miles from Downtown Bellevue.» Long Term Tenancy: Subway has been located at the center for approximately nineteen years; Starbucks, UW Physicians, and Sally Beauty for approximately seventeen years.» adjacent to Future Light Rail Station: Sound Transit is currently expanding the central link light rail system with plans for a new Kent/Des Moines station to be located adjacent to. This new station will connect residents of Kent/Des Moines north to Seattle, Bellevue, Redmond, and Lynnwood and south to Federal Way. The Kent/Des Moines station is scheduled to be completed by 2023 with approximately 27,000 average daily riders.» no Debt: The asset will be offered without an obligation to assume debt, allowing investors the opportunity to take advantage of today s aggressive financing.» 97% Occupied: The center is currently 97% occupied which is a testament to the quality of the project and location.

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5 La Plaza Midway

6 SITE PLAN La Plaza LH MASSAGE & FOOT CARE SMOKE & DRESS Industries International, Inc. CLIPCUTS SALON LOS CABOS RAMIREZ BROTHERS GROCERY AVAILABLE BLUE NILE LIQUOR & WINE KONICH S TERIYAKI PRO NAILS (NAP) (NAP) MIDWAY SUITE TENANT Cash America SQ-FT 6, UW Physicians Network 13, Konich's Teriyaki 1, Blue Nile Liquor & Wine 2, A Available 2, Los Cabos Restaurant 2, Sprint 2, ClipCuts Salon 1, Sally Beauty Supply 1, Metro PCS 1, Subway 1, LH Massage & Foot Care 1, Smoke & Dress 2, B Ramirez Brothers Grocery 15, Goodwill 17, Pro Nails Pizza Hut 1, Starbucks 1,500 TOTAL 75,830

7 retail aerial 99 La Plaza Midway KENT VALLEY 167 Kent Station LA F ITNESS

8 La Plaza Midway dominant location excellent visibility strong kent economy adjacent to future light rail station successful anchor story strong retail corridor suburb to seattle 97% occupied rental increases high traffic counts long term tenancy excellent regional access strong tenant line-up proper tenant mix no debt recent starbucks remodel

9 demographics Population 1 mile 3 miles 5 miles 2000 Population 12,761 71, , Population 13,783 76, , Population 14,541 80, , Population 15,588 85, , Annual Rate 0.77% 0.68% 0.81% Annual Rate 1.02% 0.91% 0.88% Annual Rate 1.40% 1.25% 1.23% 2015 Male Population 49.4% 50.2% 49.9% 2015 Female Population 50.6% 49.8% 50.1% 2015 Median Age Median Household Income 2015 Median Household Income $48,335 $54,899 $55, Median Household Income $55,061 $63,238 $64, Annual Rate 2.64% 2.87% 3.04% Average Household Income 2015 Average Household Income $65,021 $70,009 $73, Average Household Income $74,167 $79,363 $82, Annual Rate 2.67% 2.54% 2.48% Per Capita Income 2015 Per Capita Income $24,153 $27,159 $27, Per Capita Income $27,459 $30,625 $31, Annual Rate 2.60% 2.43% 2.40%

10 La Plaza Midway Update Terms of the offering Address: Total Land Area: Building SF: Parking: Pacific Highway South, Kent, WA 7.11 Acres (Approx. 309,624 SF) 75,830 SF 345 Parking Stalls; 4.7/1,000 SF Building Area Year 1 As-Is Net Operating Income: $1,332,988 Asking Price: $21,000,000 Cap Rate: 6.4% Financing: Offered Free & Clear