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505.878.0001

FOR SALE: New Chipotle & Stanton Optical10 year NNN Leases 525 S. Telshor Blvd. | Las Cruces, NM 88011

Presented by

Offering Memorandum

Brett HillsSenior Director

brett@gotspaceusa.com | 505 998 1648

Click Here To View Property Drone Footage

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Telshor Blvd.

Nacho Dr.West Star Bank

22,978

16,008Lohman A

ve.S I T

E

PROPOSEDFreddy'sRaising Cane's

For Sale: New Chipotle & Stanton Optical10 year NNN Leases 525 S. Telshor Blvd. | Las Cruces, NM 88011

Location

• Tenants Chipotle – 7 Locations in NM Stanton Optical - 4 Locations in NM

• Diverse restaurant-medical mix in a fundamental real estate location

• Location - Located at the the SEQ of Telshor Blvd. and Lohman Ave. This building is easily accessible off Interstate 25 on exit 3. It's situated at a high volume intersection near the Mesilla Valley Mall. Telshor Blvd. and Lohman Ave. is the hub for high cars per day counts and outstanding visibility from the nearby retail trade areas. The nearby retail trade areas consist of major brands such as Target, Walmart, Home Depot, Hobby Lobby, Marshalls, Ross, Petco, Dick's Sporting Goods and many more. The Mesilla Valley Mall located directly across Telshor Blvd. is a ±602,150 SF mall with great annual revenue and sales.

Investment Highlights

RENDERING OF ACTUAL LOCATION

InvestmentHighlightsFor Sale: New Chipotle & Stanton Optical

10 year NNN Leases 525 S. Telshor Blvd. | Las Cruces, NM 88011

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CHIPOTLEWhen Chipotle opened its first restaurant in 1993, the idea was simple: show that food served fast didn’t have to be a “fast-food” experience. Using high-quality raw ingredients, classic cooking techniques, and distinctive interior design, Chipotle brings features from the realm of fine dining to the world of quick-service restaurants.

Over 23 years later, Chipotle continues to source food with integrity. The brand seeks out only the very best ingredients--raised with respect for animals, farmers, and the environment. As the brand has grown into markets across the US and the world, their mission has also expanded to ensure that sustainable sourced food is accessible to everyone. Chipotle now owns and operates over 2,000 locations worldwide.

STANTON OPTICALSince its inception in 2006, Stanton Optical has become a national leader in the eye health industry offering affordable eye care services.

To circumvent costly markups traditionally associated with national brick-and-mortar stores, Stanton Optical works directly with designer eyewear manufacturers and equips a majority of its stores with optical labs that produce quality prescription eyewear in a matter of minutes. Most retail stores feature over 3,000 designer frames for men, women and children, in addition to popular brands of contact lenses. Today Stanton Optical has over 89 locations across 21 states and is a very fast growing brand.

Tenant Description

PropertySummary

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Location Intersection SEQ of Telshor Blvd. and Lohman Ave.

Address 525 S. Telshor Blvd. Las Cruces, New Mexico 88011

Building Size ±6,066 SF

Land Size ±0.66 Acres ±28,750 SF

Suite Size Chipotle – ±2,350 SFStanton – ±3,716 SF

Lease Term Chipotle – 10 Years Rent Commences in January 2018

Stanton – 10 Years Rent Commences in January 2018

1 Property Summary

Investment Overview

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Options Stanton – 3 x 5 years Chipotle – 4 x 5 years

Price$3,434,000

NOI$214,621

Cap Rate 6.25%

Construction TypeFrame/Stucco

Primary Terms10 years

Escalations10% every 5 years

1 Property Summary

NNN’s & Management Fees

Budget Income Sq. Ft. NNN's Admin. Total

Chipotle Mexican Grill ±2,350 $2.93 7% $7,367.49

Stanton Optical ±3,716 $2.50 3% $9,586.70

$16,936.19

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2 S I T E

10

10

25

25

10

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Las Cruces Metro Summary

Population 220,081

Average Household Income $53,825

Employees 78,514

Las Cruces is the second largest city in New Mexico with a metropolitan area population of 220,000. Located at the intersection of three highways, I-25, I-10 and I-70, Las Cruces trades closely with neighboring El Paso which is 45 miles to the south. Las Cruces is also home to New Mexico State University with approximately 15,000 students on a 900 acre campus.

LocationSummaryCity

Location

6

7

16,008

31,211

Telshor Blvd.

S I T E

MesillaValley Mall

602,150 SF Tenants Include:Sears, JCPenny,

Dillard’s, Barnes & Noble, Cineport 10

Theatre

Foothills Rd.

Walnut St.

Lohman Ave.

22,978

Lynn Middle School

Sierra Middle School Mountain View

Hospital

Young Park

Woodcrest ApartmentHomes

Densely populated neighborhood and various

apartment complexes

Wing Daddy

Hotel Encanto de Las Cruces

Meerscheidt Recreation Center

25

25

2 Location SummaryHigh Altitude Aerial

8

Telshor Blvd.

Lohman Ave.

16,008

22,97

8

West Star Bank

SI T

E

2 Location SummaryLow Altitude Aerial

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2 Location SummaryProperty Photos

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1 Mile 3 Mile 5 Mile

Demographic and Income Profile525 S Telshor Blvd, Las Cruces, New Mexico, 88011 Prepared by EsriRing: 1 mile radius Latitude: 32.31481

Longitude: -106.74411

Summary Census 2010 2016 2021Population 10,213 10,199 10,289Households 4,642 4,695 4,764Families 2,417 2,364 2,356Average Household Size 2.19 2.16 2.15Owner Occupied Housing Units 1,742 1,602 1,624Renter Occupied Housing Units 2,900 3,092 3,140Median Age 29.3 30.4 32.0

Trends: 2016 - 2021 Annual Rate Area State NationalPopulation 0.18% 0.44% 0.84%Households 0.29% 0.41% 0.79%Families -0.07% 0.25% 0.72%Owner HHs 0.27% 0.43% 0.73%Median Household Income 0.51% 1.43% 1.89%

2016 2021 Households by Income Number Percent Number Percent

<$15,000 1,053 22.4% 1,063 22.3%$15,000 - $24,999 797 17.0% 869 18.2%$25,000 - $34,999 550 11.7% 462 9.7%$35,000 - $49,999 562 12.0% 550 11.5%$50,000 - $74,999 787 16.8% 780 16.4%$75,000 - $99,999 440 9.4% 488 10.2%$100,000 - $149,999 348 7.4% 372 7.8%$150,000 - $199,999 103 2.2% 120 2.5%$200,000+ 55 1.2% 59 1.2%

Median Household Income $33,782 $34,654Average Household Income $48,346 $50,866Per Capita Income $21,439 $22,609

Census 2010 2016 2021 Population by Age Number Percent Number Percent Number Percent

0 - 4 667 6.5% 651 6.4% 662 6.4%5 - 9 636 6.2% 573 5.6% 573 5.6%10 - 14 560 5.5% 556 5.4% 527 5.1%15 - 19 815 8.0% 693 6.8% 684 6.6%20 - 24 1,519 14.9% 1,286 12.6% 1,161 11.3%25 - 34 1,732 17.0% 2,115 20.7% 2,154 20.9%35 - 44 1,029 10.1% 1,061 10.4% 1,226 11.9%45 - 54 1,086 10.6% 959 9.4% 900 8.7%55 - 64 903 8.8% 961 9.4% 930 9.0%65 - 74 615 6.0% 708 6.9% 810 7.9%75 - 84 471 4.6% 439 4.3% 461 4.5%

85+ 183 1.8% 200 2.0% 201 2.0%Census 2010 2016 2021

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 7,517 73.6% 7,310 71.7% 7,296 70.9%Black Alone 307 3.0% 351 3.4% 389 3.8%American Indian Alone 211 2.1% 234 2.3% 252 2.4%Asian Alone 190 1.9% 217 2.1% 246 2.4%Pacific Islander Alone 10 0.1% 10 0.1% 10 0.1%Some Other Race Alone 1,646 16.1% 1,715 16.8% 1,715 16.7%Two or More Races 333 3.3% 362 3.5% 381 3.7%

Hispanic Origin (Any Race) 5,928 58.0% 6,111 59.9% 6,288 61.1%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.

May 03, 2017

©2016 Esri Page 1 of 6

Business Summary525 S Telshor Blvd, Las Cruces, New Mexico, 88011 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 32.31481

Longitude: -106.74411Data for all businesses in area 1 mile 3 miles 5 milesTotal Businesses: 709 3,438 4,502Total Employees: 8,803 47,492 61,669Total Residential Population: 10,199 68,030 111,215Employee/Residential Population Ratio: 0.86:1 0.7:1 0.55:1

Businesses Employees Businesses Employees Businesses Employeesby SIC Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number PercentAgriculture & Mining 16 2.3% 95 1.1% 73 2.1% 408 0.9% 110 2.4% 617 1.0%Construction 30 4.2% 204 2.3% 170 4.9% 1,102 2.3% 301 6.7% 2,419 3.9%Manufacturing 7 1.0% 203 2.3% 49 1.4% 915 1.9% 88 2.0% 1,746 2.8%Transportation 7 1.0% 71 0.8% 52 1.5% 295 0.6% 86 1.9% 484 0.8%Communication 9 1.3% 54 0.6% 45 1.3% 325 0.7% 55 1.2% 420 0.7%Utility 0 0.0% 0 0.0% 5 0.1% 259 0.5% 16 0.4% 439 0.7%Wholesale Trade 18 2.5% 123 1.4% 72 2.1% 463 1.0% 122 2.7% 875 1.4%

Retail Trade Summary 182 25.7% 3,864 43.9% 729 21.2% 11,564 24.3% 950 21.1% 14,120 22.9%Home Improvement 4 0.6% 102 1.2% 36 1.0% 519 1.1% 59 1.3% 734 1.2%General Merchandise Stores 8 1.1% 815 9.3% 26 0.8% 2,093 4.4% 33 0.7% 2,483 4.0%Food Stores 15 2.1% 184 2.1% 72 2.1% 1,133 2.4% 96 2.1% 1,333 2.2%Auto Dealers, Gas Stations, Auto Aftermarket 7 1.0% 67 0.8% 66 1.9% 1,011 2.1% 102 2.3% 1,396 2.3%Apparel & Accessory Stores 32 4.5% 390 4.4% 60 1.7% 609 1.3% 67 1.5% 625 1.0%Furniture & Home Furnishings 10 1.4% 223 2.5% 56 1.6% 446 0.9% 75 1.7% 538 0.9%Eating & Drinking Places 56 7.9% 1,546 17.6% 232 6.7% 4,386 9.2% 289 6.4% 5,421 8.8%Miscellaneous Retail 50 7.1% 537 6.1% 181 5.3% 1,366 2.9% 229 5.1% 1,590 2.6%

Finance, Insurance, Real Estate Summary 104 14.7% 582 6.6% 497 14.5% 2,249 4.7% 592 13.1% 2,611 4.2%Banks, Savings & Lending Institutions 42 5.9% 176 2.0% 202 5.9% 838 1.8% 238 5.3% 967 1.6%Securities Brokers 9 1.3% 43 0.5% 37 1.1% 157 0.3% 43 1.0% 188 0.3%Insurance Carriers & Agents 13 1.8% 65 0.7% 97 2.8% 322 0.7% 114 2.5% 384 0.6%Real Estate, Holding, Other Investment Offices 40 5.6% 298 3.4% 161 4.7% 933 2.0% 197 4.4% 1,072 1.7%

Services Summary 299 42.2% 3,351 38.1% 1,457 42.4% 26,049 54.8% 1,794 39.8% 30,527 49.5%Hotels & Lodging 5 0.7% 210 2.4% 30 0.9% 558 1.2% 47 1.0% 698 1.1%Automotive Services 9 1.3% 48 0.5% 81 2.4% 543 1.1% 129 2.9% 710 1.2%Motion Pictures & Amusements 19 2.7% 276 3.1% 94 2.7% 926 1.9% 117 2.6% 1,016 1.6%Health Services 114 16.1% 1,230 14.0% 325 9.5% 6,504 13.7% 361 8.0% 7,283 11.8%Legal Services 8 1.1% 27 0.3% 70 2.0% 336 0.7% 76 1.7% 455 0.7%Education Institutions & Libraries 8 1.1% 438 5.0% 74 2.2% 9,888 20.8% 95 2.1% 11,689 19.0%Other Services 137 19.3% 1,121 12.7% 783 22.8% 7,295 15.4% 969 21.5% 8,676 14.1%

Government 19 2.7% 252 2.9% 190 5.5% 3,802 8.0% 249 5.5% 7,340 11.9%

Unclassified Establishments 17 2.4% 3 0.0% 100 2.9% 61 0.1% 140 3.1% 71 0.1%

Totals 709 100.0% 8,803 100.0% 3,438 100.0% 47,492 100.0% 4,502 100.0% 61,669 100.0%

Source: Copyright 2016 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2016.Date Note: Data on the Business Summary report is calculated using Esri’s Data allocation method which uses census block groups to allocate business summary data to custom areas.

May 03, 2017

©2016 Esri Page 1 of 2

Business Summary525 S Telshor Blvd, Las Cruces, New Mexico, 88011 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 32.31481

Longitude: -106.74411Data for all businesses in area 1 mile 3 miles 5 milesTotal Businesses: 709 3,438 4,502Total Employees: 8,803 47,492 61,669Total Residential Population: 10,199 68,030 111,215Employee/Residential Population Ratio: 0.86:1 0.7:1 0.55:1

Businesses Employees Businesses Employees Businesses Employeesby SIC Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number PercentAgriculture & Mining 16 2.3% 95 1.1% 73 2.1% 408 0.9% 110 2.4% 617 1.0%Construction 30 4.2% 204 2.3% 170 4.9% 1,102 2.3% 301 6.7% 2,419 3.9%Manufacturing 7 1.0% 203 2.3% 49 1.4% 915 1.9% 88 2.0% 1,746 2.8%Transportation 7 1.0% 71 0.8% 52 1.5% 295 0.6% 86 1.9% 484 0.8%Communication 9 1.3% 54 0.6% 45 1.3% 325 0.7% 55 1.2% 420 0.7%Utility 0 0.0% 0 0.0% 5 0.1% 259 0.5% 16 0.4% 439 0.7%Wholesale Trade 18 2.5% 123 1.4% 72 2.1% 463 1.0% 122 2.7% 875 1.4%

Retail Trade Summary 182 25.7% 3,864 43.9% 729 21.2% 11,564 24.3% 950 21.1% 14,120 22.9%Home Improvement 4 0.6% 102 1.2% 36 1.0% 519 1.1% 59 1.3% 734 1.2%General Merchandise Stores 8 1.1% 815 9.3% 26 0.8% 2,093 4.4% 33 0.7% 2,483 4.0%Food Stores 15 2.1% 184 2.1% 72 2.1% 1,133 2.4% 96 2.1% 1,333 2.2%Auto Dealers, Gas Stations, Auto Aftermarket 7 1.0% 67 0.8% 66 1.9% 1,011 2.1% 102 2.3% 1,396 2.3%Apparel & Accessory Stores 32 4.5% 390 4.4% 60 1.7% 609 1.3% 67 1.5% 625 1.0%Furniture & Home Furnishings 10 1.4% 223 2.5% 56 1.6% 446 0.9% 75 1.7% 538 0.9%Eating & Drinking Places 56 7.9% 1,546 17.6% 232 6.7% 4,386 9.2% 289 6.4% 5,421 8.8%Miscellaneous Retail 50 7.1% 537 6.1% 181 5.3% 1,366 2.9% 229 5.1% 1,590 2.6%

Finance, Insurance, Real Estate Summary 104 14.7% 582 6.6% 497 14.5% 2,249 4.7% 592 13.1% 2,611 4.2%Banks, Savings & Lending Institutions 42 5.9% 176 2.0% 202 5.9% 838 1.8% 238 5.3% 967 1.6%Securities Brokers 9 1.3% 43 0.5% 37 1.1% 157 0.3% 43 1.0% 188 0.3%Insurance Carriers & Agents 13 1.8% 65 0.7% 97 2.8% 322 0.7% 114 2.5% 384 0.6%Real Estate, Holding, Other Investment Offices 40 5.6% 298 3.4% 161 4.7% 933 2.0% 197 4.4% 1,072 1.7%

Services Summary 299 42.2% 3,351 38.1% 1,457 42.4% 26,049 54.8% 1,794 39.8% 30,527 49.5%Hotels & Lodging 5 0.7% 210 2.4% 30 0.9% 558 1.2% 47 1.0% 698 1.1%Automotive Services 9 1.3% 48 0.5% 81 2.4% 543 1.1% 129 2.9% 710 1.2%Motion Pictures & Amusements 19 2.7% 276 3.1% 94 2.7% 926 1.9% 117 2.6% 1,016 1.6%Health Services 114 16.1% 1,230 14.0% 325 9.5% 6,504 13.7% 361 8.0% 7,283 11.8%Legal Services 8 1.1% 27 0.3% 70 2.0% 336 0.7% 76 1.7% 455 0.7%Education Institutions & Libraries 8 1.1% 438 5.0% 74 2.2% 9,888 20.8% 95 2.1% 11,689 19.0%Other Services 137 19.3% 1,121 12.7% 783 22.8% 7,295 15.4% 969 21.5% 8,676 14.1%

Government 19 2.7% 252 2.9% 190 5.5% 3,802 8.0% 249 5.5% 7,340 11.9%

Unclassified Establishments 17 2.4% 3 0.0% 100 2.9% 61 0.1% 140 3.1% 71 0.1%

Totals 709 100.0% 8,803 100.0% 3,438 100.0% 47,492 100.0% 4,502 100.0% 61,669 100.0%

Source: Copyright 2016 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2016.Date Note: Data on the Business Summary report is calculated using Esri’s Data allocation method which uses census block groups to allocate business summary data to custom areas.

May 03, 2017

©2016 Esri Page 1 of 2

Business Summary525 S Telshor Blvd, Las Cruces, New Mexico, 88011 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 32.31481

Longitude: -106.74411Data for all businesses in area 1 mile 3 miles 5 milesTotal Businesses: 709 3,438 4,502Total Employees: 8,803 47,492 61,669Total Residential Population: 10,199 68,030 111,215Employee/Residential Population Ratio: 0.86:1 0.7:1 0.55:1

Businesses Employees Businesses Employees Businesses Employeesby SIC Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number PercentAgriculture & Mining 16 2.3% 95 1.1% 73 2.1% 408 0.9% 110 2.4% 617 1.0%Construction 30 4.2% 204 2.3% 170 4.9% 1,102 2.3% 301 6.7% 2,419 3.9%Manufacturing 7 1.0% 203 2.3% 49 1.4% 915 1.9% 88 2.0% 1,746 2.8%Transportation 7 1.0% 71 0.8% 52 1.5% 295 0.6% 86 1.9% 484 0.8%Communication 9 1.3% 54 0.6% 45 1.3% 325 0.7% 55 1.2% 420 0.7%Utility 0 0.0% 0 0.0% 5 0.1% 259 0.5% 16 0.4% 439 0.7%Wholesale Trade 18 2.5% 123 1.4% 72 2.1% 463 1.0% 122 2.7% 875 1.4%

Retail Trade Summary 182 25.7% 3,864 43.9% 729 21.2% 11,564 24.3% 950 21.1% 14,120 22.9%Home Improvement 4 0.6% 102 1.2% 36 1.0% 519 1.1% 59 1.3% 734 1.2%General Merchandise Stores 8 1.1% 815 9.3% 26 0.8% 2,093 4.4% 33 0.7% 2,483 4.0%Food Stores 15 2.1% 184 2.1% 72 2.1% 1,133 2.4% 96 2.1% 1,333 2.2%Auto Dealers, Gas Stations, Auto Aftermarket 7 1.0% 67 0.8% 66 1.9% 1,011 2.1% 102 2.3% 1,396 2.3%Apparel & Accessory Stores 32 4.5% 390 4.4% 60 1.7% 609 1.3% 67 1.5% 625 1.0%Furniture & Home Furnishings 10 1.4% 223 2.5% 56 1.6% 446 0.9% 75 1.7% 538 0.9%Eating & Drinking Places 56 7.9% 1,546 17.6% 232 6.7% 4,386 9.2% 289 6.4% 5,421 8.8%Miscellaneous Retail 50 7.1% 537 6.1% 181 5.3% 1,366 2.9% 229 5.1% 1,590 2.6%

Finance, Insurance, Real Estate Summary 104 14.7% 582 6.6% 497 14.5% 2,249 4.7% 592 13.1% 2,611 4.2%Banks, Savings & Lending Institutions 42 5.9% 176 2.0% 202 5.9% 838 1.8% 238 5.3% 967 1.6%Securities Brokers 9 1.3% 43 0.5% 37 1.1% 157 0.3% 43 1.0% 188 0.3%Insurance Carriers & Agents 13 1.8% 65 0.7% 97 2.8% 322 0.7% 114 2.5% 384 0.6%Real Estate, Holding, Other Investment Offices 40 5.6% 298 3.4% 161 4.7% 933 2.0% 197 4.4% 1,072 1.7%

Services Summary 299 42.2% 3,351 38.1% 1,457 42.4% 26,049 54.8% 1,794 39.8% 30,527 49.5%Hotels & Lodging 5 0.7% 210 2.4% 30 0.9% 558 1.2% 47 1.0% 698 1.1%Automotive Services 9 1.3% 48 0.5% 81 2.4% 543 1.1% 129 2.9% 710 1.2%Motion Pictures & Amusements 19 2.7% 276 3.1% 94 2.7% 926 1.9% 117 2.6% 1,016 1.6%Health Services 114 16.1% 1,230 14.0% 325 9.5% 6,504 13.7% 361 8.0% 7,283 11.8%Legal Services 8 1.1% 27 0.3% 70 2.0% 336 0.7% 76 1.7% 455 0.7%Education Institutions & Libraries 8 1.1% 438 5.0% 74 2.2% 9,888 20.8% 95 2.1% 11,689 19.0%Other Services 137 19.3% 1,121 12.7% 783 22.8% 7,295 15.4% 969 21.5% 8,676 14.1%

Government 19 2.7% 252 2.9% 190 5.5% 3,802 8.0% 249 5.5% 7,340 11.9%

Unclassified Establishments 17 2.4% 3 0.0% 100 2.9% 61 0.1% 140 3.1% 71 0.1%

Totals 709 100.0% 8,803 100.0% 3,438 100.0% 47,492 100.0% 4,502 100.0% 61,669 100.0%

Source: Copyright 2016 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2016.Date Note: Data on the Business Summary report is calculated using Esri’s Data allocation method which uses census block groups to allocate business summary data to custom areas.

May 03, 2017

©2016 Esri Page 1 of 2

Business Summary525 S Telshor Blvd, Las Cruces, New Mexico, 88011 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 32.31481

Longitude: -106.74411Data for all businesses in area 1 mile 3 miles 5 milesTotal Businesses: 709 3,438 4,502Total Employees: 8,803 47,492 61,669Total Residential Population: 10,199 68,030 111,215Employee/Residential Population Ratio: 0.86:1 0.7:1 0.55:1

Businesses Employees Businesses Employees Businesses Employeesby SIC Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number PercentAgriculture & Mining 16 2.3% 95 1.1% 73 2.1% 408 0.9% 110 2.4% 617 1.0%Construction 30 4.2% 204 2.3% 170 4.9% 1,102 2.3% 301 6.7% 2,419 3.9%Manufacturing 7 1.0% 203 2.3% 49 1.4% 915 1.9% 88 2.0% 1,746 2.8%Transportation 7 1.0% 71 0.8% 52 1.5% 295 0.6% 86 1.9% 484 0.8%Communication 9 1.3% 54 0.6% 45 1.3% 325 0.7% 55 1.2% 420 0.7%Utility 0 0.0% 0 0.0% 5 0.1% 259 0.5% 16 0.4% 439 0.7%Wholesale Trade 18 2.5% 123 1.4% 72 2.1% 463 1.0% 122 2.7% 875 1.4%

Retail Trade Summary 182 25.7% 3,864 43.9% 729 21.2% 11,564 24.3% 950 21.1% 14,120 22.9%Home Improvement 4 0.6% 102 1.2% 36 1.0% 519 1.1% 59 1.3% 734 1.2%General Merchandise Stores 8 1.1% 815 9.3% 26 0.8% 2,093 4.4% 33 0.7% 2,483 4.0%Food Stores 15 2.1% 184 2.1% 72 2.1% 1,133 2.4% 96 2.1% 1,333 2.2%Auto Dealers, Gas Stations, Auto Aftermarket 7 1.0% 67 0.8% 66 1.9% 1,011 2.1% 102 2.3% 1,396 2.3%Apparel & Accessory Stores 32 4.5% 390 4.4% 60 1.7% 609 1.3% 67 1.5% 625 1.0%Furniture & Home Furnishings 10 1.4% 223 2.5% 56 1.6% 446 0.9% 75 1.7% 538 0.9%Eating & Drinking Places 56 7.9% 1,546 17.6% 232 6.7% 4,386 9.2% 289 6.4% 5,421 8.8%Miscellaneous Retail 50 7.1% 537 6.1% 181 5.3% 1,366 2.9% 229 5.1% 1,590 2.6%

Finance, Insurance, Real Estate Summary 104 14.7% 582 6.6% 497 14.5% 2,249 4.7% 592 13.1% 2,611 4.2%Banks, Savings & Lending Institutions 42 5.9% 176 2.0% 202 5.9% 838 1.8% 238 5.3% 967 1.6%Securities Brokers 9 1.3% 43 0.5% 37 1.1% 157 0.3% 43 1.0% 188 0.3%Insurance Carriers & Agents 13 1.8% 65 0.7% 97 2.8% 322 0.7% 114 2.5% 384 0.6%Real Estate, Holding, Other Investment Offices 40 5.6% 298 3.4% 161 4.7% 933 2.0% 197 4.4% 1,072 1.7%

Services Summary 299 42.2% 3,351 38.1% 1,457 42.4% 26,049 54.8% 1,794 39.8% 30,527 49.5%Hotels & Lodging 5 0.7% 210 2.4% 30 0.9% 558 1.2% 47 1.0% 698 1.1%Automotive Services 9 1.3% 48 0.5% 81 2.4% 543 1.1% 129 2.9% 710 1.2%Motion Pictures & Amusements 19 2.7% 276 3.1% 94 2.7% 926 1.9% 117 2.6% 1,016 1.6%Health Services 114 16.1% 1,230 14.0% 325 9.5% 6,504 13.7% 361 8.0% 7,283 11.8%Legal Services 8 1.1% 27 0.3% 70 2.0% 336 0.7% 76 1.7% 455 0.7%Education Institutions & Libraries 8 1.1% 438 5.0% 74 2.2% 9,888 20.8% 95 2.1% 11,689 19.0%Other Services 137 19.3% 1,121 12.7% 783 22.8% 7,295 15.4% 969 21.5% 8,676 14.1%

Government 19 2.7% 252 2.9% 190 5.5% 3,802 8.0% 249 5.5% 7,340 11.9%

Unclassified Establishments 17 2.4% 3 0.0% 100 2.9% 61 0.1% 140 3.1% 71 0.1%

Totals 709 100.0% 8,803 100.0% 3,438 100.0% 47,492 100.0% 4,502 100.0% 61,669 100.0%

Source: Copyright 2016 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2016.Date Note: Data on the Business Summary report is calculated using Esri’s Data allocation method which uses census block groups to allocate business summary data to custom areas.

May 03, 2017

©2016 Esri Page 1 of 2

Demographic and Income Profile525 S Telshor Blvd, Las Cruces, New Mexico, 88011 Prepared by EsriRing: 1 mile radius Latitude: 32.31481

Longitude: -106.74411

Summary Census 2010 2016 2021Population 10,213 10,199 10,289Households 4,642 4,695 4,764Families 2,417 2,364 2,356Average Household Size 2.19 2.16 2.15Owner Occupied Housing Units 1,742 1,602 1,624Renter Occupied Housing Units 2,900 3,092 3,140Median Age 29.3 30.4 32.0

Trends: 2016 - 2021 Annual Rate Area State NationalPopulation 0.18% 0.44% 0.84%Households 0.29% 0.41% 0.79%Families -0.07% 0.25% 0.72%Owner HHs 0.27% 0.43% 0.73%Median Household Income 0.51% 1.43% 1.89%

2016 2021 Households by Income Number Percent Number Percent

<$15,000 1,053 22.4% 1,063 22.3%$15,000 - $24,999 797 17.0% 869 18.2%$25,000 - $34,999 550 11.7% 462 9.7%$35,000 - $49,999 562 12.0% 550 11.5%$50,000 - $74,999 787 16.8% 780 16.4%$75,000 - $99,999 440 9.4% 488 10.2%$100,000 - $149,999 348 7.4% 372 7.8%$150,000 - $199,999 103 2.2% 120 2.5%$200,000+ 55 1.2% 59 1.2%

Median Household Income $33,782 $34,654Average Household Income $48,346 $50,866Per Capita Income $21,439 $22,609

Census 2010 2016 2021 Population by Age Number Percent Number Percent Number Percent

0 - 4 667 6.5% 651 6.4% 662 6.4%5 - 9 636 6.2% 573 5.6% 573 5.6%10 - 14 560 5.5% 556 5.4% 527 5.1%15 - 19 815 8.0% 693 6.8% 684 6.6%20 - 24 1,519 14.9% 1,286 12.6% 1,161 11.3%25 - 34 1,732 17.0% 2,115 20.7% 2,154 20.9%35 - 44 1,029 10.1% 1,061 10.4% 1,226 11.9%45 - 54 1,086 10.6% 959 9.4% 900 8.7%55 - 64 903 8.8% 961 9.4% 930 9.0%65 - 74 615 6.0% 708 6.9% 810 7.9%75 - 84 471 4.6% 439 4.3% 461 4.5%

85+ 183 1.8% 200 2.0% 201 2.0%Census 2010 2016 2021

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 7,517 73.6% 7,310 71.7% 7,296 70.9%Black Alone 307 3.0% 351 3.4% 389 3.8%American Indian Alone 211 2.1% 234 2.3% 252 2.4%Asian Alone 190 1.9% 217 2.1% 246 2.4%Pacific Islander Alone 10 0.1% 10 0.1% 10 0.1%Some Other Race Alone 1,646 16.1% 1,715 16.8% 1,715 16.7%Two or More Races 333 3.3% 362 3.5% 381 3.7%

Hispanic Origin (Any Race) 5,928 58.0% 6,111 59.9% 6,288 61.1%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.

May 03, 2017

©2016 Esri Page 1 of 6

Demographic and Income Profile525 S Telshor Blvd, Las Cruces, New Mexico, 88011 Prepared by EsriRing: 3 mile radius Latitude: 32.31481

Longitude: -106.74411

Summary Census 2010 2016 2021Population 67,259 68,030 68,842Households 27,979 28,473 28,893Families 15,658 15,515 15,534Average Household Size 2.31 2.30 2.30Owner Occupied Housing Units 13,210 12,602 12,894Renter Occupied Housing Units 14,769 15,871 15,999Median Age 31.1 32.4 33.6

Trends: 2016 - 2021 Annual Rate Area State NationalPopulation 0.24% 0.44% 0.84%Households 0.29% 0.41% 0.79%Families 0.02% 0.25% 0.72%Owner HHs 0.46% 0.43% 0.73%Median Household Income 0.91% 1.43% 1.89%

2016 2021 Households by Income Number Percent Number Percent

<$15,000 6,681 23.5% 6,668 23.1%$15,000 - $24,999 4,595 16.1% 4,956 17.2%$25,000 - $34,999 3,309 11.6% 2,745 9.5%$35,000 - $49,999 3,786 13.3% 3,830 13.3%$50,000 - $74,999 4,010 14.1% 4,068 14.1%$75,000 - $99,999 2,561 9.0% 2,721 9.4%$100,000 - $149,999 2,222 7.8% 2,364 8.2%$150,000 - $199,999 859 3.0% 1,030 3.6%$200,000+ 451 1.6% 510 1.8%

Median Household Income $33,662 $35,217Average Household Income $50,181 $53,409Per Capita Income $21,310 $22,708

Census 2010 2016 2021 Population by Age Number Percent Number Percent Number Percent

0 - 4 4,430 6.6% 4,286 6.3% 4,359 6.3%5 - 9 4,040 6.0% 3,868 5.7% 3,875 5.6%10 - 14 3,726 5.5% 3,662 5.4% 3,610 5.2%15 - 19 6,152 9.1% 5,523 8.1% 5,349 7.8%20 - 24 8,691 12.9% 7,793 11.5% 7,088 10.3%25 - 34 9,776 14.5% 11,389 16.7% 11,693 17.0%35 - 44 6,695 10.0% 6,833 10.0% 7,714 11.2%45 - 54 7,555 11.2% 6,934 10.2% 6,442 9.4%55 - 64 6,626 9.9% 7,000 10.3% 7,030 10.2%65 - 74 4,826 7.2% 5,637 8.3% 6,191 9.0%75 - 84 3,392 5.0% 3,548 5.2% 3,872 5.6%

85+ 1,351 2.0% 1,555 2.3% 1,619 2.4%Census 2010 2016 2021

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 49,997 74.3% 49,435 72.7% 49,580 72.0%Black Alone 1,784 2.7% 2,063 3.0% 2,280 3.3%American Indian Alone 1,431 2.1% 1,602 2.4% 1,716 2.5%Asian Alone 1,465 2.2% 1,726 2.5% 1,973 2.9%Pacific Islander Alone 89 0.1% 102 0.1% 112 0.2%Some Other Race Alone 10,065 15.0% 10,421 15.3% 10,369 15.1%Two or More Races 2,428 3.6% 2,680 3.9% 2,813 4.1%

Hispanic Origin (Any Race) 37,118 55.2% 38,360 56.4% 39,495 57.4%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.

May 03, 2017

©2016 Esri Page 3 of 6

Demographic and Income Profile525 S Telshor Blvd, Las Cruces, New Mexico, 88011 Prepared by EsriRing: 5 mile radius Latitude: 32.31481

Longitude: -106.74411

Summary Census 2010 2016 2021Population 108,312 111,215 113,113Households 43,410 44,710 45,554Families 26,359 26,519 26,692Average Household Size 2.42 2.41 2.41Owner Occupied Housing Units 24,338 23,862 24,428Renter Occupied Housing Units 19,072 20,848 21,126Median Age 32.4 33.5 34.3

Trends: 2016 - 2021 Annual Rate Area State NationalPopulation 0.34% 0.44% 0.84%Households 0.37% 0.41% 0.79%Families 0.13% 0.25% 0.72%Owner HHs 0.47% 0.43% 0.73%Median Household Income 0.76% 1.43% 1.89%

2016 2021 Households by Income Number Percent Number Percent

<$15,000 8,917 19.9% 8,915 19.6%$15,000 - $24,999 6,985 15.6% 7,585 16.7%$25,000 - $34,999 4,898 11.0% 4,120 9.0%$35,000 - $49,999 6,305 14.1% 6,040 13.3%$50,000 - $74,999 6,591 14.7% 6,876 15.1%$75,000 - $99,999 4,574 10.2% 4,912 10.8%$100,000 - $149,999 4,105 9.2% 4,375 9.6%$150,000 - $199,999 1,432 3.2% 1,711 3.8%$200,000+ 900 2.0% 1,016 2.2%

Median Household Income $37,850 $39,314Average Household Income $54,798 $58,382Per Capita Income $22,274 $23,749

Census 2010 2016 2021 Population by Age Number Percent Number Percent Number Percent

0 - 4 7,420 6.9% 7,315 6.6% 7,487 6.6%5 - 9 6,967 6.4% 6,800 6.1% 6,901 6.1%10 - 14 6,692 6.2% 6,589 5.9% 6,627 5.9%15 - 19 9,220 8.5% 8,438 7.6% 8,186 7.2%20 - 24 11,840 10.9% 10,961 9.9% 9,977 8.8%25 - 34 15,566 14.4% 17,930 16.1% 18,684 16.5%35 - 44 11,531 10.6% 12,059 10.8% 13,479 11.9%45 - 54 12,819 11.8% 11,897 10.7% 11,127 9.8%55 - 64 11,333 10.5% 12,088 10.9% 11,949 10.6%65 - 74 8,030 7.4% 9,476 8.5% 10,337 9.1%75 - 84 5,049 4.7% 5,500 4.9% 6,076 5.4%

85+ 1,845 1.7% 2,163 1.9% 2,284 2.0%Census 2010 2016 2021

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 81,881 75.6% 82,352 74.0% 83,071 73.4%Black Alone 2,499 2.3% 2,938 2.6% 3,269 2.9%American Indian Alone 2,060 1.9% 2,336 2.1% 2,522 2.2%Asian Alone 1,835 1.7% 2,205 2.0% 2,533 2.2%Pacific Islander Alone 119 0.1% 141 0.1% 160 0.1%Some Other Race Alone 16,205 15.0% 17,077 15.4% 17,162 15.2%Two or More Races 3,714 3.4% 4,166 3.7% 4,396 3.9%

Hispanic Origin (Any Race) 60,960 56.3% 64,097 57.6% 66,580 58.9%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.

May 03, 2017

©2016 Esri Page 5 of 6

2 Location Summary

1, 3 & 5 Mile Demographics

Las Cruces has developed an ever-increasing base of private employers and light manufacturing facilities, with an

economy driven by aerospace research and development at nearby White Sands Missile Range. Other major employers of the

Las Cruces metropolitan area include the State of New Mexico, New Mexico State University, the City of Las Cruces,

Doña Ana County Independent School Districts, Wal-Mart Stores, Inc., Memorial Medical Center, NASA White Sands Test

Facility, Doña Ana Community College, Doña Ana County, Mountain View Regional Medical Center, SiTel/Client Logic, Tresco

Inc. and the U.S. Postal Service.

Las Cruces People Helping People

The primary employment sectors and their share of total employment in the Las Cruces metropolitan area comprises:• Government Services (29.9%)• Education (17.8%)• Trade/Transportation/Utilities (14.3%)• Leisure/Hospitality (10.5%)• Professional/Business Services (9.5%)• Construction/Mining (5.2%)• Manufacturing (4.2%)• Financial Activities (3.6%)• Other Services (2.8%)

City of Las Cruces, NM

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The information contained in this Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving from NAI Maestas & Ward and should not be made available to any other person or entity without the written consent of NAI Maestas & Ward. This marketing brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation.

NAI Maestas & Ward has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this marketing brochure has been obtained from sources we believe to be reliable. However, NAI Maestas & Ward has not verified, and will not verify, any of the information contained herein, nor has NAI Maestas & Ward conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT A NAI MAESTAS & WARD ADVISOR FOR MORE DETAILS.

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