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1 0 1 - 1 2 5 L A W R E N C E R O A D E A S T S Y R A C U S E , N E W Y O R K 1 3 2 1 2

EIGHT TENANTS (RETAIL / MEDICAL)NORTH PLAZA CENTER

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Marcus & Millichap is pleased to present the 100 percent leased, North Plaza in Syracuse, New York, the fifth largest city in the state. This 42,654-square foot shopping center is anchored by Pace CNY, a senior care medical office with 123 locations in the United States. This asset also features strong national tenants including Bank of America and Subway. The average term remaining across all tenants is three years, all of whom are operating under double-net (NN) leases.

North Plaza benefits from its strong ingress and egress, it is accessible from three roads with six total points of entry. Also, nearby is Interstate-81, this heavily trafficked highway sees more than 65,000 vehicles per day (VPD). Syracuse Hancock International Airport (SYR) is less than two miles east and sees more than one million passengers per year. The surrounding area around North Plaza is dense with retail, totaling more than 550,000 square feet of retail. National anchors include Aldi, Christmas Tree Shops, and Tops Supermarket.

The area also boasts strong demographics, there is more than 160,000 residents within five miles. National tenants in the immediate vicinity include: Sonic, McDonald’s, Popeyes, Taco Bell, Wendy’s, Monro Muffler, Wegmans, Walgreens, and many more.

I N V EST M E N T OV E RV I E W

2This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of © 2018 Marcus & Millichap. Activity ID# Z0331878

• North Plaza in Syracuse, New York | The Fifth Largest City in the State

• Medical Office Anchored Shopping Center, Pace CNY | National Tenants Include: Subway and Bank of America

• Double Net Leases | Minimal Landlord Responsibilities

• Strong Ingress and Egress | Accessible from South Bay Road, Lawrence Road East, and Brewerton Road

• Dense Demographics | More Than 160,000 Residents Within Five Miles

• Strong Trade Area | More than 500,000 Square Feet of Retail | National Anchors Include: Aldi, Christmas Tree Shops, and Tops Supermarket

• Nearby Syracuse Hancock International Airport (SYR) | More Than 1 Million Passengers Per Year

• National Tenants in The Immediate Vicinity Include: Sonic, McDonald’s, Popeyes, Taco Bell, Wendy’s, Monro Muffler, Wegmans, Walgreens, and many more.

INVESTMENT HIGHLIGHTS

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PRICE: $5,984,695

CAP RATE: 7.68%

NOI: $459,815

PRICE PER SQUARE FOOT: $5,300.88

RENT PER SQUARE FOOT: $13.73

YEAR BUILT: 1965

APPROXIMATE LOT SIZE: 3.70 Acres

GROSS LEASEABLE AREA: 42,654

TYPE OF OWNERSHIP: Fee Simple

F I N A N C I A L O V E R V I E W

T E N A N T S U M M A R YTENANT GUARANTOR GLA LEASE

COMMENCEMENTLEASE

EXPIRATIONTERM

REMAININGANNUAL

RENTRENT (PSF) INCREASES

LEASE TYPE

OPTIONS

NEW TIARA NAILS Personal Guaranty 2,940 4/1/2003 3/31/2023 4.5+ Years $47,040 $16.00 12.5% in Options NN 2, 5-Year

EMPIRE VISION CENTER, INC Empire Vision Center, Inc. 4,000 9/1/1994 11/30/2024 6.5 Years $76,000 $19.00 - NN -

BANK OF AMERICA Bank of America, N.A. 3,514 3/29/1985 3/31/2020 1.5+ Years $63,750 $18.14 15% in Options NN 4, 5-Year

REAL DEALS OF AUBURN Real Deals of Auburn, Inc. 11,136 6/1/2005 5/31/2020 2 Years $100,224 $9.00 - NN -

WE R WIRELESS OF UPNY We R Wireless of UPNY, Inc. 3,000 5/1/2016 4/30/2021 3 Years $39,000 $13.00 15% in 2019, 10% in Options NN 2, 5-Year

SUBWAY RESTAURANTS Subway Restaurants Inc. 1,129 9/25/1989 5/31/2023 4+ Years $22,350 $19.80 None NN 1, 5-Year

VACANT - 1,100 - - - - $0.00 - - -

PACE CNY Loretto Independent Living Services, Inc. 15,835 8/1/2016 7/31/2026 8 Years $237,346 $14.99 3% in 2021 &

Option NN 1, 5-Year

42,654 $585,710

E I G H T T E N A N T SR E T A I L / M E D I C A L O F F I C E

4This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of © 2018 Marcus & Millichap. Activity ID# Z0331878

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5This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of © 2018 Marcus & Millichap. Activity ID# Z0331878

P & L STAT E M E N T

New Tiara Nails Empire Vision Center, Inc

Bank of America

Real Deals of Auburn

We R Wireless of UPNY

Subway Restaurants Vacant Loretto/PACE Total

GLA 2,940 4,000 3,514 11,136 3,000 1,129 1,100 15,835 42,654

Pro Rata 6.89% 9.38% 8.24% 26.11% 7.03% 2.65% 2.58% 37.12% 100.00%

Management Fee (Expense) 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Base Rent $47,040 $76,000 $63,750 $100,224 $39,000 $22,350 $0 $237,346 $585,710

Total Expense Reimbursements $14,258 $15,576 $14,058 $53,694 $14,443 $5,711 $0 $7,381 $125,121

Effective Gross Income $61,298 $91,576 $77,808 $153,918 $53,443 $28,061 $0 $244,727 $710,831

Expenses

Real Estate Taxes $4,589 $6,243 $5,485 $17,381 $4,682 $1,762 $1,717 $24,715 $66,573

Insurance $1,023 $1,391 $1,222 $3,873 $1,043 $393 $383 $5,507 $14,835

CAM $9,365 $12,741 $11,193 $35,472 $9,556 $3,596 $3,504 $50,439 $135,866

Other $856 $1,164 $1,023 $3,242 $873 $329 $320 $4,610 $12,417

Total Operating Expenses $15,832 $21,540 $18,923 $59,967 $16,155 $6,080 $5,923 $85,271 $229,691

Nonreimbursable Expenses

Management Fee (3% of EGI) $1,470 $2,000 $1,757 $5,567 $1,500 $564 $550 $7,917 $21,325

Total Nonreimbursable $1,470 $2,000 $1,757 $5,567 $1,500 $564 $550 $7,917 $21,325

Total Expenses $17,302 $23,540 $20,680 $65,535 $17,655 $6,644 $6,473 $93,188 $251,016

Net Operating Income $43,996 $68,036 $57,128 $88,383 $35,788 $21,417 -$6,473 $151,539 $459,815

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Subway is an American privately held fast food restaurant franchise that primarily sells submarine sandwiches (subs) and salads. Subway is one of the fastest-growing

franchises in the world and, as of June 2017, has approximately 45,000 stores located in more than 100 countries. More than half of the stores are in the United

States.

It is the largest single-brand restaurant chain and the largest restaurant operator in the world.

T E N A N T P R O F I L ETENANT TRADE NAME Subway

OWNERSHIP Private

TENANT Subway

LEASE GUARANTOR Subway Real Estate, Limited Liability Company (LLC)

NUMBER OF LOCATIONS 43,306 Restaurants

HEADQUARTERED Milford, Connecticut

T E N A N T O V E RV I E W

Bank of America Corporation is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is the second-largest bank holding company in the United States by assets. Bank of America has a relationship with 99 percent of the United States Fortune 500 companies and 83 percent of the Fortune Global 500. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the Standard and Poor (S&P) 500 Index and the Dow Jones Industrial Average.

Bank of America services clients in over 150 countries with operations based in 40 countries. It provides services ranging from investment and corporate banking to investing and equity execution services. In the United States, Bank of America serves over 57 million customers and small businesses, operates around 4,700 retail banking offices and approximately 17,250 ATMs. It also has 30 million active users of their online banking.

T E N A N T P R O F I L ETENANT TRADE NAME Bank of America Corporation

OWNERSHIP PublicTENANT Corporate Store

LEASE GUARANTOR Corporate Guaranty

NUMBER OF LOCATIONS 4,700

REVENUE $83.7 Billion (2016)

NET WORTH $231.9 Billion (2016)CREDIT RATING A6

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of © 2018 Marcus & Millichap. Activity ID# Z0331878

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PACE CNY, is an innovative program available to residents of Onondaga County. PACE CNY is a separate not-for-profit corporation of Loretto which, since 1926, has

provided long-term care services to the disabled and chronically ill.

The purpose of PACE CNY is to provide a wide spectrum of care and services to individuals who would otherwise qualify for nursing home care. From primary care

physicians and nurse practitioners to social workers and dietitians, the PACE CNY team can provide home care services in the participant’s home, day health centers, hospitals or long-term facilities, if needed. On-call health care coverage by doctors

and nurses is available 24 hours a day, 7 days a week, 365 days a year.

T E N A N T P R O F I L ETENANT TRADE NAME Pace CNY

OWNERSHIP Private

TENANT Pace CNY

LEASE GUARANTOR Loretto Independent Living Services, Incorporated (Inc.)

NUMBER OF LOCATIONS 10 Locations

HEADQUARTERED Syracuse, NY

T E N A N T O V E RV I E W

Vision Works, formerly Eye Care Centers of America, Inc., is the third largest retail optical chain in the United States, operating over 750 locations. The company was incorporated in 1988. It is based in Downtown San Antonio, Texas, and has about 5,600 employees. Before June 2013, when it began operating under the Visionworks name, stores operated under eleven different trade names, including “Eyemasters,” “Visionworks,” “Vision World,” “Doctor’s VisionWorks,” “Dr. Bizer’s VisionWorld,” “Dr. Bizer’s ValuVision,” “Doctor’s ValuVision,” “Hour Eyes,” “Stein Optical,” “Eye DRx” and “Binyon’s”.

Visionworks of America is a subsidiary of HVHC, a Highmark Inc. company. Its former parent company, ECCA Holdings Corp., merged with Pittsburgh-based HVHC in 2006, resulting in Eye Care Centers of America Inc. becoming a wholly owned Highmark subsidiary. ECCA had 385 stores, in 36 states, at that time.

T E N A N T P R O F I L ETENANT TRADE NAME Vision Works

OWNERSHIP PublicTENANT Empire Vision Works

LEASE GUARANTOR Vision Works of America, Incorporated (Inc.)

NUMBER OF LOCATIONS 750

7This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of © 2018 Marcus & Millichap. Activity ID# Z0331878

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Syracuse is the fifth most populous city in the state of New York. Located in the center of state on the southern shore of Lake Ontario, the city of Syracuse is the region’s major metropolitan center. The city has functioned as a major crossroads over the last two centuries, first between the Erie Canal and its branch canals, then from its railway network. Today, Syracuse is located at the intersection of Interstates 81 and 90, and its airport is the largest in the region. Syracuse is home to Syracuse University, a major research university, as well as Le Moyne College, a nationally recognized liberal arts college. In 2010, Forbes rated Syracuse fourth in the top 10 places in the United States to raise a family.

More than 150 motor carriers and small package carriers service the Syracuse area. Air and rail terminals are just 15 minutes from downtown. Seven major airlines, along with affiliated commuter service, offer approximately 250 daily arrivals and departures. Over two million travelers pass through Hancock International Airport each year. The region is also serviced by six major air cargo carriers. CSX operates an intermodal center in Dewitt/Manlius for transfer of trailers and containers between railcars and trucks with storage available for 345 trailers or containers. Amtrak services rail passenger needs.

Syracuse’s top employers are primarily in education and the service industry. University Hill is Syracuse’s fastest growing neighborhood, fueled by expansions in Syracuse University and Upstate Medical University, as well as dozens of small medical office complexes.

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A B O U T SY R AC US E

TOP EMPLOYERS:

• State University of New York Upstate Medical University: 6,400

• Syracuse University: 5,925

• Wegmans Food Markets: 3,760

• St. Joseph’s Hospital Health Center: 3,150

• Crouse Hospital: 2,400

• Lockheed Martin Corp.: 2,350

• National Grid USA: 1,860

• Loretto : 1,8258This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of © 2018 Marcus & Millichap. Activity ID# Z0331878

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1-Mile 3-Mile 5-Mile 1-Mile 3-Mile 5-Mile 1-Mile 3-Mile 5-Mile

2010 Population 7,176 59,599 162,498 2010 Households 3,247 25,825 69,702 2018 Average HH Income $59,381 $65,223 $62,022

2018 Population 7,026 58,252 159,922 2018 Households 3,179 25,273 68,842 2018 Median HH Income $48,698 $54,290 $47,689

2023 Population 6,959 57,685 158,586 2023 Households 3,149 25,029 68,308 2018 Per Capita Income $26,868 $28,297 $26,699

MARCUS & MILLICHAP HEREBY ADVISES ALL PROSPECTIVE PURCHASERS OF NET LEASED PROPERTY AS FOLLOWS:

The i n f o rma t i on con t a i ned i n t h i s Ma r ke t i ng B rochu re has been ob t a i ned f r om sou rces we be l i e ve t o be r e l i ab l e. Howeve r, Ma rcus & M i l l i c hap has no t and w i l l no t ve r i f y an y o f t h i s i n f o rma t i on , no r has Ma rcus & M i l l i c hap conduc ted any i n ves t i ga t i on r ega rd i ng t hese ma t t e r s . Ma rcus & M i l l i c hap makes no gua ran t ee, wa r r an t y o r r ep resen t a t i on wha t soeve r abou t t he accu racy o r comp le t eness o f an y i n f o rma t i on p ro v i ded .

As t he Buye r o f a ne t l e a sed p rope r t y, i t i s t he Buye r ’s r e spons i b i l i t y t o i ndependen t l y con f i rm t he accu racy and comp le t eness o f a l l ma te r i a l i n f o rma t i on be fo re comp le t i ng any pu r chase. Th i s Ma rke t i ng B rochu re i s no t a subs t i t u t e f o r you r t ho rough due d i l i gence i n ves t i ga t i on o f t h i s i n ves tmen t oppo r t un i t y. Ma rcus & M i l l i c hap e xp ress l y den i e s any ob l i ga t i on t o conduc t a due d i l i gence e xam ina t i on o f t h i s P rope r t y f o r Buye r.

Any p ro j ec t i ons , op i n i ons , a s sump t i ons o r e s t ima tes used i n t h i s Ma r ke t i ng B rochu re a r e f o r e xamp le on l y and do no t r ep resen t t he cu r r en t o r f u t u r e pe r f o rmance o f t h i s p rope r t y. The va l ue o f a ne t l e a sed p rope r t y t o you depends on f ac to r s t ha t shou l d be e va l ua t ed by you and you r t a x , f i n anc i a l and l ega l adv i so r s .

Buye r and Buye r ’s t a x , f i n anc i a l , l ega l , and cons t r uc t i on adv i so r s shou l d conduc t a ca re f u l , i ndependen t i n ves t i ga t i on o f an y ne t l e a sed p rope r t y t o de t e rm ine t o you r sa t i s f ac t i on w i t h t he su i t ab i l i t y o f t he p rope r t y f o r you r needs .

L i ke a l l r ea l e s t a t e i n ves tmen t s , t h i s i n ves tmen t ca r r i e s s i gn i f i c an t r i s k s . Buye r and Buye r ’s l ega l and f i n anc i a l adv i so r s mus t r eques t and ca re f u l l y r e v i ew a l l l ega l and f i n anc i a l documen t s r e l a t ed t o t he p rope r t y and t enan t . Wh i l e t he t enan t ’s pas t pe r f o rmance a t t h i s o r o t he r l oca t i ons i s an impo r t an t cons i de r a t i on , i t i s no t a gua r an t ee o f f u t u r e success . S im i l a r l y, t he l ease r a t e f o r some p rope r t i e s , i n c l ud i ng new l y -cons t r uc t ed f ac i l i t i e s o r new l y - acqu i r ed l oca t i ons , may be se t based on a t enan t ’s p ro j ec t ed sa l e s w i t h l i t t l e o r no r eco rd o f ac t ua l pe r f o rmance, o r compa rab l e r en t s f o r t he a r ea . Re tu r ns a r e no t gua r an t eed ; t he t enan t and any gua r an to r s may f a i l t o pay t he l ease r en t o r p rope r t y t a xes , o r may f a i l t o comp l y w i t h o t he r ma te r i a l t e rms o f t he l ease ; cash f l ow may be i n t e r r up t ed i n pa r t o r i n who l e due t o ma rke t , econom ic, env i r onmen ta l o r o t he r cond i t i ons . Rega rd l e s s o f t enan t h i s t o r y and l ease gua r an t ees , Buye r i s r e spons i b l e f o r conduc t i ng h i s /he r own i n ves t i ga t i on o f a l l ma t t e r s a f f ec t i ng t he i n t r i n s i c v a l ue o f t he p rope r t y and t he va l ue o f an y l ong- t e rm l ease, i n c l ud i ng t he l i k e l i hood o f l oca t i ng a r ep l acemen t t enan t i f t he cu r r en t t enan t shou l d de f au l t o r abandon t he p rope r t y, and t he l ease t e rms t ha t Buye r may be ab l e t o nego t i a t e w i t h a po ten t i a l r ep l acemen t t enan t cons i de r i ng t he l oca t i on o f t he p rope r t y, and Buye r ’s l ega l ab i l i t y t o make a l t e r na t e use o f t he p rope r t y.

By accep t i ng t h i s Ma r ke t i ng B rochu re you ag ree t o r e l ease Ma rcus & M i l l i c hap Rea l E s t a t e I n ves tmen t Se r v i ces and ho l d i t ha rm less f r om any k i nd o f c l a im , cos t , e xpense, o r l i ab i l i t y a r i s i ng ou t o f you r i n ves t i ga t i on and /o r pu r chase o f t h i s ne t l e a sed p rope r t y.

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SYRACUSE, NYNORTH PLAZA CENTER