Village at

Riverstone

khco.com

In the Midst of Beauty An Exceptional Lifestyle Center at the Doorstep to Coeur d’Alene

Coeur d’Alene, Idaho

Class A Investment Opportunity

Village at

Riverstone

Building D

Building B

Building C

Building A

Pad C

Pad B

Parking Garage

The Village at Riverstone Within the larger master planned community lies the 25 acre

Village at Riverstone. The Village is a mixed-use, live-work-play project including four main buildings (A, B, C and D), three of which have high end residential condominiums on their upper floors. The

Village is center of activity for Riverstone and Coeur d’Alene.

The Investment Offering: Building A, B & C of the Village at Riverstone

The Offering Village at

Riverstone Coeur d’Alene, Idaho

This investment offering includes approximately 92,000 rentable square feet of class A commercial/retail space consisting of the commercial ground floor of Buildings A, B and C of the Village at Riverstone. This building area is divided into three separate buildings, occupied by a total of approximately 32 tenants representing a healthy, diverse mix of traditional retail, service retail, personal care, medical and professional office uses. Currently there is only one smaller unit available for lease (1% of the total square footage). The remaining area is fully leased and occupied with an averaging remaining lease term of 35± months. The average scheduled rent equates to $13/SF±, well below competing centers in the local market including Ironwood Shopping Center, Winco Foods Center, Costco Plaza and Prairie Shopping Center.

• Tenant Count: 32 Diverse Retail, Office and Medical Tenants • Average Remaining Lease Term: 35 Months • 2017/2018 Scheduled Rent: $1,200,000 • Offering Price: $17,900,000 • Price / SF: $195.00 – Well below replacement • Average Contract Rent / SF: $13/SF/YR • Capitalization Rate: 6.2% • Build Out: 100% of rentable area is now second generation

Tenants of the Village

Tenants Village at

Riverstone Coeur d’Alene, Idaho

Building A • Empire Eye (medical)• Orvis (sporting goods)• Alliance Title & Escrow (real estate)• Paint Buzz (entertainment/art)• Rohini (high tech company)• Culinary District (kitchen/housewares)• Vein Clinic (medical)• Custom Den (awards & engraving)

Building B • ReMax (real estate)• Exercise Institute (personal fitness)• Sola Salon (personal care)• Well Read Moose (book store)• Press Start to Play

(gaming/entertainment)• Cork & Tap (specialty retail - craft beer)• Escape Outdoors (clothing)• Nana Macs (clothing)• Grooveberries (froyo)• Bullman’s Pizza (sit down food)

Building C • J. Miller Salon (personal care)• Solar Flair (tanning)• Studio 10/20 (nail salon)• Polka Dot Pottery (entertainment/art)• Artworks (crafts/home decor)• Tiffany Blue (clothing)• Zumiez (clothing/sports)• Buckle (clothing)

Building D The following are also part of the Village but are NOT included in our listing this offering and are owned separately.

• Azteca (sit down food)• Phsyique (fitness)• Regal Cinemas (entertainment)• Coldstone Creamery (food)• San Francisco Sourdough Bakery (QSR)• Sushi 1 (QSR)• Grille from Ipanema (sit down food)• Beyond Bones Chiropractic (medical)• Rivelle’s River Grille (sit down food)• Starbucks (QSR)

Pad A • Available

Pad B • Red Robin (sit down food)

Pad C • Ramen House (sit down food)

Pad D • Under Contract

Direct Capitalization Summary

Financial Analysis Village at

Riverstone Coeur d’Alene, Idaho

Income SF $/SF

Scheduled Rents 91,868 $13 $1,209,000

Expense Reimbursements $5 $432,000

Effective Gross Income (EGI) $18 $1,641,000

Expenses

Total Operating Expenses $5.75 $528,000

Net Operating Income (NOI) $1,113,000

Offering Price $17,900,000

Overall Capitalization Rate 6.2%

* Based on actual income and expenses in place, as provided by building ownership & management. Totals are rounded. Income includes seller guaranty for vacant suite and market rent for Buckle & Zumiez.

For greater detail, please sign and return Non-Disclosure & Confidentiality Agreement (NDA)available from Listing Agents, and also can be found Loopnet and CBA websites.

Non Disclosure / Confidentiality Village at

Riverstone Coeur d’Alene, Idaho

For the purposes of evaluating acquisition of The Village at Riverstone, you have (or will be) provided with confidential information. This information is provided with the understanding that you agree to treat any and all information concerning the Property or Ownership, whether prepared by Owner, Advisor, or otherwise, confidentially and in accordance with the following:

• Property Information does not purport to be all-inclusive or to necessarily contain all the information that a prospective purchaser may desire ininvestigating the Property.

• Property Information has been prepared for informational purposes relating to this transaction only and upon the express understanding that it will beused for only said purpose.

• No information supplied may be used to the detriment of Owner, nor may any of the supplied information be used directly or indirectly by current orprospective competitors of the Owner, its respective officers, employees and representatives.

• Any projections or similar materials should be considered hypothetical only and no assurances can be given as to the accuracy of assumptions or thepredictability of any given result.

• Information provided by third party sources and included herein shall be verified by Buyer.

• Any purchase should be based on the purchaser’s owner investigations and not upon information contained herein. Neither Owner nor Broker makeany express or implied representations or warranties as to the accuracy of completeness of the Property Information provided.

• Should the supplied information provided through Kiemle & Hagood Company produce a Letter of Intent, leading to an offer to purchase, you agree towork through Kiemle & Hagood Company, as broker.

Casey Brazil Managing Broker

casey.brazil@khco.com | (208) 770-2595

Contact Information

Founded in 1971, Kiemle & Hagood Company is recognized as the Inland Northwest’s leader in commercial real estate and property management services. Kiemle & Hagood currently manages over seven million square feet of space and provides service expertise in sales and leasing, facility management, development and consulting and tenant representation.

khco.com

Spokane | (509) 838-6541 Coeur d’Alene | (208) 770-2590 Kennewick | (509) 783-7663 Missoula | (406) 552-4568

No warranty or representation, expressed or implied, is made by Kiemle & Hagood Company, its agents or its employees as to the accuracy of the Information contained herein. All information furnished is from sources deemed reliable and submitted subject

to errors, omissions, change of terms and conditions, prior sale, lease or financing, or withdrawal without notice. No one should rely solely on the above information, but instead should conduct their own investigation to independently satisfy themselves.

Pat Eberlin Licensed Agent

pat.eberlin@khco.com | (208) 215-1375

Chris Schreiber, CCIM

Broker chris.schreiber@khco.com | (208) 770-2593

Village at

Riverstone Coeur d’Alene, Idaho

Non-Disclosure, Confidentiality &

Waiver of Liability Agreement

In evaluating a potential purchase or lease of The Village at Riverstone (Retail Buildings A, B & C) (“Property”) from property ownership (Idaho Retail, LLC and Idaho Retail Building A, LLC) and/or their affiliated entities (“Owner”), you have requested certain information from Owner, its respective officers, employees and representatives on behalf of the Owner. As a condition to your receipt of such information, you agree to treat any information concerning the Property or the Owner (whether prepared by Owner, Advisor, or otherwise) which is furnished to you by or on behalf of Owner (all such material, collectively, the “Property Information”) confidentially and in accordance with the provisions of this Agreement or to take or refrain from taking certain other actions herein set forth. Specifically, you hereby agree that for the benefit of Owner:

1. The Property Information does not purport to be all-inclusive or to necessarily contain all the information that a prospective purchaser may desire in investigating the Property.

2. By accepting the Property Information, the recipient signing below agrees to keep confidential the information contained therein or made available in connection with any further investigation of the Property or the Owner. The Property Information may not be photocopied, reproduced, or otherwise distributed to others at any time without the prior written consent of Owner. Upon request, you, the recipient of the Property Information, will promptly return all material received without retaining any copies thereof.

3. The Property Information has been prepared for informational purposes relating to this transaction only and upon the express understanding that it will be used for only said purpose. Any projections or similar materials should be considered hypothetical only, and no assurances can be given as to the accuracy of assumptions or the predictability of any given result or outcome. Any purchase must be based upon the prospective purchaser’s own investigations and not upon any information contained herein. Such investigations shall be at the prospective purchaser’s own risk. Neither Owner nor Advisor make any express or implied representation or warranty as to the accuracy or completeness of the Property Information made available in connection with this request or any further investigation of the Property. Both Owner and Advisor expressly disclaim any and all liability which may be based on such Property Information, errors therein or omissions there from. The recipient(s) of such Property Information shall be entitled to rely solely on the representations or warranties made to it by Owner in any final purchase agreement, should such an agreement be fully executed by all parties thereto.

4. No information supplied may be used to the detriment of Owner, nor may any of the supplied information be used directly or indirectly by current or prospective competitors of the Owner, its respective officers, employees and representatives.

5. In furnishing this Property Information, neither Owner nor Advisor undertakes any obligation to provide the recipient with access to any additional information. You agree that the terms of this Letter Agreement will apply to any and all Property Information, whether disclosed to you before or after the date of this Letter Agreement, and agree to abide by such terms with respect to any such Property Information.

6. Should the supplied information provided through Kiemle & Hagood Company produce a Letter of Intent, leading to an offer to purchase, you agree to work through Kiemle & Hagood Company, as listing brokerage.

Please note acceptance of this Agreement by signing and returning to Kiemle & Hagood via fax (208)770-2587 or email Chris.Schreiber@khco.com. Agreed to this ___________ day of ____________________________, 2017. Buyer’s Signature: Printed Name & Company (if applicable): Broker* / Representative Signature: Printed Name & Company (if applicable): *Seller is not offering commission to buyer’s broker. Buyer will be responsible for payment thereof.