Maple Glen Maple Glen Retail Center 32201 Kent Black ...NOI $220,335 PRICEPER SF $302.60 GUARANTOR Personal Guarantees ADDRESS 32201 Kent Black Diamond Rd Auburn, WA 98092 COUNTY King

1

Maple G len Reta i l Center 32201 Kent B lack D iamond Rd Auburn, WA 98092

Maple Glen Retail Center

32201 K e n t B l a ck D i am on d R d Au b u rn , W as h in g ton 98092

2

EXCLUSIVELY MARKETED BY: S A N D S I N V E S T M E N T G R O U P

JUSTIN HALLNC Lic. # 305693

980.729.5631 | [email protected]

MARIANNE CHRISTIANWA Lic. # 12244


AMAR GOLINC Lic. # 310575


310 Arlington Avenue, Suite 302Charlotte, NC 28203

844.4.SIG.NNN

www.SIGnnn.com

3

Investment SummaryInvestment Highlights

INVESTMENT OVERVIEW

04 06 09 12LEASE ABSTRACT PROPERTY OVERVIEW AREA OVERVIEW

City OverviewDemographics

Lease SummariesRent Roll

Property ImagesLocation and Aerial Maps

TABLE OF CONTENTSS A N D S I N V E S T M E N T G R O U P

© 2 0 2 0 S a n d s I n v e s t m e n t G r o u p ( S I G ) . T h e i n f o r m a t i o n c o n t a i n e d i n t h i s ‘ O f f e r i n g M e m o r a n d u m ’ , h a s b e e n o b t a i n e d f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . S a n d s I n v e s t m e n tG r o u p d o e s n o t d o u b t i t s a c c u r a c y ; h o w e v e r , S a n d s I n v e s t m e n t G r o u p m a k e s n o g u a r a n t e e , r e p r e s e n t a t i o n o r w a r r a n t y a b o u t t h e a c c u r a c y c o n t a i n e d h e r e i n . I t i s t h er e s p o n s i b i l i t y o f e a c h i n d i v i d u a l t o c o n d u c t t h o r o u g h d u e d i l i g e n c e o n a n y a n d a l l i n f o r m a t i o n t h a t i s p a s s e d o n a b o u t t h e p r o p e r t y t o d e t e r m i n e i t s a c c u r a c y a n dc o m p l e t e n e s s . A n y a n d a l l p r o j e c t i o n s , m a r k e t a s s u m p t i o n s a n d c a s h f l o w a n a l y s i s a r e u s e d t o h e l p d e t e r m i n e a p o t e n t i a l o v e r v i e w o n t h e p r o p e r t y , h o w e v e r t h e r e i s n og u a r a n t e e o r a s s u r a n c e t h e s e p r o j e c t i o n s , m a r k e t a s s u m p t i o n s a n d c a s h f l o w a n a l y s i s a r e s u b j e c t t o c h a n g e w i t h p r o p e r t y a n d m a r k e t c o n d i t i o n s . S a n d s I n v e s t m e n t G r o u pe n c o u r a g e s a l l p o t e n t i a l i n t e r e s t e d b u y e r s t o s e e k a d v i c e f r o m y o u r t a x , f i n a n c i a l a n d l e g a l a d v i s o r s b e f o r e m a k i n g a n y r e a l e s t a t e p u r c h a s e a n d t r a n s a c t i o n .

4

INVESTMENT SUMMARY

S A N D S I N V E S T M E N T G R O U P

Sands Investment Group i s P leased to Present Exc lus i ve l y For Sa l e

the 11,202 SF Maple Glen Reta i l Center at 32201 Kent Bl ack

Diamond Road in Auburn , Washington. Thi s Dea l Inc ludes Tr ip l e

Net (NNN) Leases and At t rac t i ve Rent Increases . Thi s Oppor tuni ty

Prov ides For a So l i d Investment Wi th Income Growth and Va lue-

Add Potent i a l i n a Des i rab l e Washington Market .

OFFERING SUMMARY

P R I CE $3 ,389 ,767

CA P 6 . 50%

NO I $220 ,335

P R I CE P ER SF $302 . 60

G U A RA NT O R P e r sona l G ua ra n te e s

A D D RESS 32201 K e nt B l a ck D i a m ond Rd

A uburn , WA 98092

CO U NT Y K i ng

B U I L D I NG A REA 11 ,202 SF

L A ND A REA 0 . 94 A C

B U I L T 1987

PROPERTY SUMMARY

A C T U A L P R O P E R T Y I M A G E

5

HIGHLIGHTS

M A P L E G L E N R E T A I L C E N T E R

§ Convenience Store With Long-Term Astro FuelContract in P lace For Wel l Past the Lease Term

§ Al l Leases Are a Tr ip le Net (NNN) Lease With NoLandlord Respons ib i l i t ies

§ L imited Compet i t ion With in a 5-Mi le Radius

§ Over $200,000 Spent in Recent Renovat ionsInc lud ing Roof and Structure

§ Popular Local Sports Bar Which Recent ly UnderwentMajor Renovat ions Showing Commitment to the Site

§ Annual Rent Increases For Over 70% of the LeasedSpaces

§ These Bus inesses Have Been Operat ing at ThisLocat ion For Over 25 Years , Showing a Commitmentto the Site

§ The Reta i l Center S i ts on a 0.94 Acre Corner S i te

§ Auburn is a Suburb Located Just 27-Mi les South ofSeatt le

§ Auburn is Home to the Muckleshoot Cas ino , Pac i f icRaceways and the Washington Nat ional Gol f Club

§ The Average Household Income is $139,490 With ina 1-Mi le Radius and $136,390 With in a 3-Mi leRadius

6

TENANT Brookside Grocery

PREMISES A Premise of Approximately 2,462 SF

LEASE COMMENCEMENT November 1, 2012

CURRENT LEASE EXPIRATION October 31, 2022

LEASE TERM 2+ Years Remaining

RENEWAL OPTIONS 1 x 10 Year

RENT INCREASESAnnually By CPI or 4%

Whichever is Higher

LEASE TYPE Triple Net (NNN)

PERMITTED USE Grocery Store

PROPERTY TAXES Tenant Reimburses

INSURANCE Tenant’s Responsibi l i ty

COMMON AREA Tenant’s Responsibi l i ty

ROOF & STRUCTURE Tenant’s Responsibi l i ty

REPAIRS & MAINTENANCE Tenant’s Responsibi l i ty

HVAC Tenant’s Responsibi l i ty

UTILITIES Tenant’s Responsibi l i ty

RIGHT OF FIRST REFUSAL No

LEASE SUMMARY


7

TENANT Draft Choice (Lower Level)


LEASE COMMENCEMENT June 1, 2014

CURRENT LEASE EXPIRATION May 31, 2024

LEASE TERM ~4 Years Remaining

RENEWAL OPTIONS 2 x 5 Years

RENT INCREASES3% Annually Then

4% Annually Beginning June 1, 2022


PERMITTED USE Sports Bar & Gri l l









LEASE SUMMARYTENANT Draft Choice (102, 103 & 104)


LEASE COMMENCEMENT February 1, 2018 + August 1, 2016

CURRENT LEASE EXPIRATION May 31, 2024

LEASE TERM ~4 Years Remaining

RENEWAL OPTIONS 3 x 5 Years + 2 x 10 Years

RENT INCREASES Negotiable at Options


PERMITTED USECorporate Office Space &

Extension of Sports Bar & Gri l l









LEASE SUMMARY

8

TENANT SQUARE FOOTAGE

% OF TOTAL

ORIGINAL BASE MONTHLY RENT

CURRENT MONTHLY RENT NNN RENT

PER SFRENTAL

INCREASE & DATESLEASEBEGIN

LEASEEND OPTIONS

Brooks ide Grocery 2 ,462 SF 21.98% $6,700 $6,968 $1,450 $2.83 Annua l ly CPI or 4% (Whichever i s Higher ) 11/01/2012 11/01/2022 1 x 10 Years

Draf t Choice (102, 103 & 104) 3 ,040 SF 27.14% $2,250 $2,398.24 $1,755 $0.79

02/01/2018+

08/01/201605/31/2024

3 x 5 Years+

2 x 10 Years

Draf t ChoiceBar & Gr i l l

( Lower Leve l )5 ,700 SF 50.88% $6,214.29 $8,995 $1,072 $1.58

3% Annua l ly Then4% Annua l ly Beg inn ing

06/01/2022 06/01/2014 05/31/2024 2 x 5 Years

TOTAL 11,202 SF 100% $15,164.29 $18,361.24 $4,277

RENT ROLLM A P L E G L E N R E T A I L C E N T E R


INCOME

Renta l Income $220 ,334 .88

Tr ip le Net Charges $51 ,324

EST IMATED GROSS INCOME $271 ,658 .88

NET OPERATING INCOME $220 ,334 .88

9

A C T U A L P R O P E R T Y I M A G E S

10

MAPLE GLEN RETAIL CENTER

SEATTLE

TACOMA

11


Kent

Bla

ck D

iam

ond

Rd

Thomas Rd

SE Auburn-Black Diam

ond Rd

12A U B U R N | K I N G C O U N T Y | W A S H I N G T O N

Auburn is a city in King County, with a small portion in Pierce County, Washington. Thepopulation was 81,905 at the 2018 estimate United States Census. Auburn is a suburbin the Seattle metropolitan area, currently ranked the fifteenth largest city in the stateof Washington. Auburn is bordered by the cities of Federal Way, Pacific, and Algona tothe west, Sumner to the south, Kent to the north, and unincorporated King County tothe east. The Muckleshoot Indian Reservation is in or near the southern city limits.Auburn is located 25 miles from Seattle and 14 miles from Tacoma.

Due to the city’s close proximity, Seattle’s economy also affects Auburn’s. Seattle'seconomy is driven by a mix of older industrial companies, and "new economy" Internetand technology companies, service, design, and clean technology companies. The Portof Seattle, which also operates Seattle–Tacoma International Airport, is a major gatewayfor trade with Asia and cruises to Alaska. It also is the 8th largest port in the UnitedStates when measured by container capacity. Large companies continue to dominatethe business landscape. Five companies on Fortune 500's 2017 list of the UnitedStates' largest companies are headquartered in Seattle: Internet retailer Amazon.com;coffee chain Starbucks; department store Nordstrom; freight forwarder ExpeditorsInternational of Washington; and forest products company Weyerhaeuser.

Auburn is home to the Muckleshoot Casino which was opened in April 1995 and isowned and operated by the Muckleshoot Indian Tribe. The city is also home to the LakeTapps which is a reservoir which creates opportunities for fishing, boating, hiking andcamping. Seattle is about a 30-minute drive from Auburn, making it the perfect place tospend the day. Seattle is home to the vastness of Puget Sound, the outline of theOlympic Mountains off to the west and the colossal mass of Mount Rainier, the mostprominent peak in the United States. Visitors can savor these views for hours, from theelevated Kerry Park, the famous Space Needle, the Columbia Center or the Waterfront.The city is home to the Pike Place Market, the first ever Starbucks, the Seattle Center,the Museum of Pop Culture, the Chihuly Garden and Glass and so much more forvisitors to enjoy.

D O WNTO WN AU B U R N, WAS E ATTLE , WA MU CK LE S HO O T CAS I NO

13

1 M I L E 3 M I L E S 5 M I L E S

P O P U L A T I O N 1 , 8 7 1 1 2 , 6 8 4 1 0 4 , 1 6 0

A V E R A G E H H I N C O M E

$ 1 3 9 , 4 9 0 $ 1 3 6 , 3 9 0 $ 1 1 9 , 2 8 5

Kent Black Diamond Rd


(6,849 VPD)

SE Lake Holm Rd (1,996 VPD)Au

burn

Ech

o La

ke C

utof

f Rd

(49,271 VPD)

14

CONFIDENTIALITY AGREEMENT

S A N D S I N V E S T M E N T G R O U P

T h e i n f o r m a t i o n c o n t a i n e d i n t h e f o l l o w i n g O f f e r i n g M e m o r a n d u m i s p r o p r i e t a r y a n ds t r i c t l y c o n f i d e n t i a l . I t i s i n t e n d e d t o b e r e v i e w e d o n l y b y t h e p a r t y r e c e i v i n g i t f r o mS a n d s I n v e s t m e n t G r o u p a n d s h o u l d n o t b e m a d e a v a i l a b l e t o a n y o t h e r p e r s o n o re n t i t y w i t h o u t t h e w r i t t e n c o n s e n t o f S a n d s I n v e s t m e n t G r o u p .

T h i s O f f e r i n g M e m o r a n d u m h a s b e e n p r e p a r e d t o p r o v i d e s u m m a r y , u n v e r i f i e di n f o r m a t i o n t o p r o s p e c t i v e p u r c h a s e r s , a n d t o e s t a b l i s h o n l y a p r e l i m i n a r y l e v e l o fi n t e r e s t i n t h e s u b j e c t p r o p e r t y .

T h e i n f o r m a t i o n c o n t a i n e d h e r e i n i s n o t a s u b s t i t u t e f o r a t h o r o u g h d u e d i l i g e n c ei n v e s t i g a t i o n , a n d m a k e s n o w a r r a n t y o r r e p r e s e n t a t i o n , w i t h r e s p e c t t o t h e i n c o m e o re x p e n s e s f o r t h e s u b j e c t p r o p e r t y , t h e f u t u r e p r o j e c t e d f i n a n c i a l p e r f o r m a n c e o f t h ep r o p e r t y , t h e s i z e a n d s q u a r e f o o t a g e o f t h e p r o p e r t y a n d i m p r o v e m e n t s , t h ep r e s e n c e o r a b s e n c e o f c o n t a m i n a t i n g s u b s t a n c e s , P C B ’ s o r a s b e s t o s , t h e c o m p l i a n c ew i t h S t a t e a n d F e d e r a l r e g u l a t i o n s , t h e p h y s i c a l c o n d i t i o n o f t h e i m p r o v e m e n t st h e r e o n , o r t h e f i n a n c i a l c o n d i t i o n o r b u s i n e s s p r o s p e c t s o f a n y t e n a n t , o r a n yt e n a n t ’ s p l a n s o r i n t e n t i o n s t o c o n t i n u e i t s o c c u p a n c y o f t h e s u b j e c t p r o p e r t y .

T h e i n f o r m a t i o n c o n t a i n e d i n t h i s O f f e r i n g M e m o r a n d u m h a s b e e n o b t a i n e d f r o ms o u r c e s w e b e l i e v e t o b e r e l i a b l e ; h o w e v e r , S a n d s I n v e s t m e n t G r o u p h a s n o t v e r i f i e d ,a n d w i l l n o t v e r i f y , a n y o f t h e i n f o r m a t i o n c o n t a i n e d h e r e i n , n o r h a s S a n d s I n v e s t m e n tG r o u p c o n d u c t e d a n y i n v e s t i g a t i o n r e g a r d i n g t h e s e m a t t e r s a n d m a k e s n o w a r r a n t y o rr e p r e s e n t a t i o n w h a t s o e v e r r e g a r d i n g t h e a c c u r a c y o r c o m p l e t e n e s s o f t h e i n f o r m a t i o np r o v i d e d . A l l p o t e n t i a l b u y e r s m u s t t a k e a p p r o p r i a t e m e a s u r e s t o v e r i f y a l l o f t h ei n f o r m a t i o n s e t f o r t h h e r e i n .

B y r e c e i p t o f t h i s M e m o r a n d u m , y o u a g r e e t h a t t h i s M e m o r a n d u m a n d i t s c o n t e n t s a r eo f c o n f i d e n t i a l n a t u r e , t h a t y o u w i l l h o l d a n d t r e a t i t i n t h e s t r i c t e s t c o n f i d e n c e a n dt h a t y o u w i l l n o t d i s c l o s e i t s c o n t e n t s i n a n y m a n n e r d e t r i m e n t a l t o t h e i n t e r e s t o ft h e O w n e r . Y o u a l s o a g r e e t h a t b y a c c e p t i n g t h i s M e m o r a n d u m y o u a g r e e t o r e l e a s eS a n d s I n v e s t m e n t G r o u p a n d h o l d i t h a r m l e s s f r o m a n y k i n d o f c l a i m , c o s t , e x p e n s e , o rl i a b i l i t y a r i s i n g o u t o f y o u r i n v e s t i g a t i o n a n d / o r p u r c h a s e o f t h i s p r o p e r t y .


15EX C LU S I VELY M AR K ET ED BY :

Maple G len Reta i l Center 3 2 2 0 1 K e n t B l a c k D i a m o n d R o a d

A u b u r n , W A 9 8 0 9 2

JUSTIN HALLNC Lic. # 305693


MARIANNE CHRISTIANWA Lic. # 12244


AMAR GOLINC Lic. # 310575


Documents

Maple Glen Maple Glen Retail Center 32201 Kent Black ...NOI $220,335 PRICEPER SF $302.60 GUARANTOR Personal Guarantees ADDRESS 32201 Kent Black Diamond Rd Auburn, WA 98092 COUNTY King