24
2575 HEMPSTEAD TURNPIKE EAST MEADOW, NEW YORK, 11554 MICHAEL TUCCILLO Licensed Real Estate Salesperson — Retail Specialist Office: (212) 430-5196 Cell: (516) 776-2929 E-mail: [email protected] NJ: 0015107 CT: REB.0754170 BY: STEVEN J. SIEGEL Executive Director Institutional Property Advisors (IPA) Senior Managing Director - Investments Office: (212) 430-5166 Cell: (646) 996-3709 E-mail: [email protected] License: NY: 30SI0857139

Office: (212) 430-5166 Cell: (646) 996-3709 E-mail ......Investment Contacts STEVEN J. SIEGEL Executive Director Institutional Property Advisors (IPA) Senior Managing Director - Investments

  • Upload
    others

  • View
    0

  • Download
    0

Embed Size (px)

Citation preview

  • 2575

    HE

    MP

    ST

    EA

    D T

    UR

    NP

    IKE

    EA

    ST

    ME

    AD

    OW

    , NE

    W Y

    OR

    K, 1

    1554

    MIC

    HA

    EL T

    UCC

    ILLO

    Lice

    nsed

    Rea

    l Est

    ate

    Sale

    sper

    son

    — R

    etai

    l Spe

    cial

    ist

    Off

    ice:

    (2

    12) 4

    30-5

    196

    Cell:

    (5

    16) 7

    76-2

    929

    E-

    mai

    l:

    MTu

    ccill

    o@M

    arcu

    sMill

    icha

    p.co

    m

    NJ:

    0015

    107

    CT:

    REB

    .075

    4170

    BY

    :ST

    EVEN

    J. S

    IEG

    ELEx

    ecut

    ive

    Dire

    ctor

    Inst

    itutio

    nal P

    rope

    rty

    Adv

    isor

    s (IP

    A)

    Seni

    or M

    anag

    ing

    Dire

    ctor

    - In

    vest

    men

    ts

    Off

    ice:

    (

    212)

    430

    -516

    6Ce

    ll:

    (646

    ) 996

    -370

    9E-

    mai

    l:

    SSie

    gel@

    SJSP

    artn

    ers.

    com

    Li

    cens

    e: N

    Y: 3

    0SI0

    8571

    39

  • Inve

    stm

    ent

    Co

    ntac

    ts

    STE

    VE

    N J

    . SIE

    GE

    LE

    xecu

    tive

    Dir

    ecto

    rIn

    stit

    uti

    on

    al P

    rop

    erty

    Ad

    viso

    rs (

    IPA

    )S

    enio

    r M

    anag

    ing

    Dir

    ecto

    r -

    Inve

    stm

    ents

    Offi

    ce:

    (2

    12)

    43

    0-5

    166

    Cel

    l:

    (

    64

    6)

    99

    6-3

    709

    E-m

    ail:

    S

    Sie

    gel

    @S

    Sie

    gel

    @S

    JSP

    artn

    ers.

    com

    Lic

    ense

    : N

    Y: 3

    0S

    I08

    5713

    9N

    J: 0

    015

    107

    CT:

    RE

    B.0

    754

    170

    M&

    M C

    AP

    ITA

    L C

    OR

    PC

    HR

    ISTO

    PH

    ER

    MA

    RK

    SF

    irst

    Vic

    e P

    resi

    den

    t -

    Cap

    ital

    Mar

    kets

    , Ori

    gin

    atio

    n

    Offi

    ce:

    (2

    12)

    43

    0-5

    137

    Cel

    l:

    (

    516

    ) 4

    48

    -329

    3E

    -mai

    l:

    CM

    arks

    @ip

    ausa

    .co

    m

    NA

    NC

    Y L

    EE

    Tran

    sact

    ion

    Man

    ager

    - S

    JS &

    Par

    tner

    s L

    LC

    Off

    ice:

    (

    212)

    43

    0-5

    177

    E-m

    ail:

    N

    Lee

    @S

    JSP

    artn

    ers.

    com

    Lic

    ense

    : N

    Y: 1

    04

    012

    34

    778

    PE

    TE

    R S

    HE

    RM

    AN

    F

    inan

    cial

    An

    alys

    t -

    SJS

    & P

    artn

    ers

    LL

    C

    Off

    ice:

    (

    212)

    43

    0-5

    230

    E-m

    ail:

    P

    Sh

    erm

    an@

    SJS

    Par

    tner

    s.co

    m

    PH

    IL B

    IAN

    CA

    VIL

    LAR

    esea

    rch

    An

    alys

    t -

    SJS

    & P

    artn

    ers

    LL

    C

    Off

    ice:

    (

    212)

    43

    0-5

    293

    E-m

    ail:

    P

    Bia

    nca

    villa

    @S

    JSP

    artn

    ers.

    com

    MIC

    HA

    EL

    TU

    CC

    ILLO

    Lic

    ense

    d R

    eal E

    stat

    e S

    ales

    per

    son

    — R

    etai

    l Sp

    ecia

    list

    Off

    ice:

    (2

    12)

    43

    0-5

    196

    Cel

    l:

    (516

    ) 77

    6-2

    929

    E

    -mai

    l:

    MTu

    ccill

    o@

    Mar

    cusM

    illic

    hap

    .co

    m

  • 2In

    vest

    men

    t O

    verv

    iew

    and

    Hig

    hlig

    hts

    3E

    xecu

    tive

    Sum

    mar

    y &

    Ren

    t S

    ched

    ule

    4P

    rop

    erty

    Det

    ails

    8-10

    Tena

    nt O

    verv

    iew

    s

    14-1

    7M

    aps

    18-1

    9D

    emo

    gra

    phi

    cs &

    Lo

    cati

    on

    Ove

    rvie

    w

    Tab

    le o

    f C

    ont

    ents

    Par

    cel M

    ap5 12

    -13

    Cas

    h F

    low

    Ass

    ump

    tio

    ns &

    10

    -Yea

    r C

    ash

    Flo

    w

    6-7

    Ren

    t R

    oll

    & L

    ease

    Exp

    irat

    ion

    Gra

    ph

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc

    Inve

    stm

    ent

    Ove

    rvie

    wM

    arcu

    s & M

    illic

    hap

    is p

    leas

    ed to

    pre

    sent

    257

    5 H

    emps

    tead

    turn

    pike

    , a re

    tail

    Shop

    ping

    cen

    ter l

    ocat

    ed in

    Eas

    t Mea

    dow

    , Lon

    g Is

    land

    , New

    Yor

    k.

    The

    subj

    ect p

    rope

    rty

    is c

    ompr

    ised

    of a

    gro

    ss le

    asab

    le a

    rea

    (GLA

    ) of 5

    3,52

    6 sq

    uare

    feet

    , sitt

    ing

    on a

    4.3

    3-ac

    re lo

    t with

    app

    roxi

    mat

    ely

    305

    park

    ing

    spac

    es. 2

    575

    Hem

    pste

    ad T

    urnp

    ike

    is a

    ncho

    red

    by R

    etro

    Fitn

    ess,

    occu

    pyin

    g 14

    ,315

    squa

    re fe

    et w

    ith a

    leas

    e ex

    pira

    tion

    of Ju

    ne 2

    021,

    Dol

    lar T

    ree,

    occu

    pyin

    g 10

    ,676

    squa

    re fe

    et w

    ith a

    leas

    e ex

    pira

    tion

    of A

    ugus

    t 202

    6, a

    nd Te

    xas R

    oadh

    ouse

    , occ

    upyi

    ng 9

    ,000

    squa

    re fe

    et w

    ith a

    leas

    e ex

    pira

    tion

    of Ju

    ly 2

    029.

    The

    cur

    rent

    ow

    ner j

    ust i

    nked

    a b

    rand

    -new

    , 10-

    year

    leas

    e w

    ith N

    assa

    u Fi

    nanc

    ial F

    eder

    al C

    redi

    t Uni

    on fo

    r 2,4

    41 sq

    uare

    feet

    of s

    pace

    The

    prop

    erty

    has

    8 u

    nits

    tota

    l and

    is c

    urre

    ntly

    %

    occu

    pied

    .

    2575

    Hem

    pste

    ad tu

    rnpi

    ke is

    loca

    ted

    off o

    f Exi

    t W3

    on th

    e co

    rner

    inte

    rsec

    tion

    of W

    anta

    gh P

    arkw

    ay (7

    1,80

    0 Ve

    hicl

    es P

    er D

    ay (V

    PD) a

    nd

    Hem

    pste

    ad T

    urnp

    ike

    (51,

    200

    VPD

    ). Th

    e pr

    oper

    ty is

    in a

    n ar

    ea w

    ith a

    pop

    ulat

    ion

    of o

    ver 5

    06,0

    00 p

    eopl

    e liv

    ing

    with

    in a

    five

    -mile

    radi

    us w

    ith a

    n

    aver

    age

    hous

    ehol

    d in

    com

    e of

    ove

    r $12

    4,00

    0. M

    ajor

    inst

    itutio

    ns a

    nd re

    taile

    rs in

    the

    area

    incl

    ude

    Nas

    sau

    Uni

    vers

    ity M

    edic

    al C

    ente

    r (20

    0-be

    d

    hosp

    ital),

    Eas

    t Mea

    dow

    Hig

    h Sc

    hool

    , Cha

    se B

    ank,

    Ban

    k of

    Am

    eric

    a, W

    algr

    eens

    , Wal

    Mar

    t, St

    arbu

    cks,

    and

    McD

    onal

    d’s,

    amon

    g m

    any

    othe

    rs.

    Hem

    pste

    ad T

    urnp

    ike

    is a

    maj

    or re

    tail

    corr

    idor

    in N

    assa

    u Co

    unty

    , whi

    ch m

    akes

    this

    pro

    pert

    y a

    grea

    t opp

    ortu

    nity

    for q

    ualif

    ied

    inve

    stor

    s to

    own

    an

    inco

    me

    prod

    ucin

    g pr

    oper

    ty in

    one

    of t

    he m

    ost p

    rove

    n re

    tail

    corr

    idor

    s in

    Long

    Isla

    nd.

    Inve

    stm

    ent

    Hig

    hlig

    hts

    53,5

    26-S

    quar

    e Fo

    ot R

    etai

    l Sho

    ppin

    g Ce

    nter

    Loc

    ated

    in E

    ast M

    eado

    w, L

    ong

    Isla

    nd N

    ew Y

    ork

    Com

    pris

    ed o

    f 8 R

    etai

    l Uni

    ts a

    nd 3

    05 P

    arki

    ng S

    pace

    s

    Prop

    erty

    is c

    urre

    ntly

    %

    occ

    upie

    d w

    ith N

    atio

    nal a

    nd L

    ocal

    Tena

    nts

    Anc

    hore

    d by

    Ret

    ro F

    itnes

    s, D

    olla

    r Tre

    e, a

    nd Te

    xas

    Road

    hous

    e, w

    hich

    Com

    bine

    for 6

    4% o

    f the

    Cen

    ter’s

    Tota

    l GLA

    Stag

    gere

    d Le

    ase

    Expi

    ratio

    ns, S

    ever

    al Te

    nant

    s w

    ith A

    ttra

    ctiv

    e In

    crea

    ses

    Loca

    ted

    off o

    f Exi

    t W3

    on th

    e Co

    rner

    Inte

    rsec

    tion

    of W

    anta

    gh P

    arkw

    ay (7

    1,80

    0 VP

    D) a

    nd H

    emps

    tead

    Tur

    npik

    e (5

    1,20

    0 VP

    D)

    Maj

    or In

    stitu

    tions

    and

    Ret

    aile

    rs in

    the

    Are

    a In

    clud

    e N

    assa

    u U

    nive

    rsity

    Med

    ical

    Cen

    ter (

    200-

    Bed

    Hos

    pita

    l), E

    ast M

    eado

    w H

    igh

    Scho

    ol, C

    hase

    Ban

    k,Ba

    nk o

    f Am

    eric

    a, W

    algr

    eens

    , Wal

    Mar

    t, St

    arbu

    cks,

    and

    McD

    onal

    d’s,

    Am

    ong

    Man

    y O

    ther

    s

    In a

    n A

    rea

    with

    a P

    opul

    atio

    n of

    Ove

    r 506

    ,000

    Peo

    ple

    Livi

    ng w

    ithin

    a F

    ive-

    Mile

    Rad

    ius

    with

    an

    Ave

    rage

    Hou

    seho

    ld In

    com

    e of

    Ove

    r $12

    4,00

    0

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc.

    ©

    EA

    ST

    ME

    AD

    OW

    CO

    MM

    ON

    S |

    2575

    HE

    MP

    ST

    EA

    D T

    UR

    NP

    IKE

    | E

    AS

    T M

    EA

    DO

    W, N

    Y 11

    554

    3

    Exe

    cuti

    ve S

    umm

    ary

    The

    Off

    erin

    gP

    rop

    ose

    d F

    inan

    cing

    $14

    ,50

    0,0

    00

    6.4

    6%

    6.5

    7%$

    271

    / S

    q. F

    t.$

    937

    ,26

    353

    ,526

    SF

    100

    %

    Pri

    ceC

    ap R

    ate

    Cas

    h-O

    n-C

    ash

    Ret

    urn

    Pri

    ce /

    SF

    Yea

    r 1

    NO

    IG

    ross

    Lea

    sab

    le A

    rea

    (GLA

    )O

    ccup

    ancy

    Yea

    r B

    uilt

    / R

    eno

    vate

    d19

    56 /

    20

    08

    Loan

    Am

    oun

    tLT

    VA

    mo

    rtiz

    atio

    n T

    erm

    [1]

    Ter

    mIn

    tere

    st R

    ate

    Ann

    ual D

    ebt

    Ser

    vice

    DS

    CR

    (Y

    ear

    1)Lo

    an T

    ype

    $9

    ,425

    ,00

    06

    5%30

    yea

    rs10

    Yea

    rs4

    .95%

    $6

    03,

    69

    41.5

    5xN

    on-

    Rec

    our

    se, C

    MB

    S

    Vit

    al D

    ata

    - Y

    ear

    1P

    oten

    tial

    Gro

    ss R

    even

    ue$

    1,16

    1,758

    Bas

    e R

    enta

    l Rev

    enue

    Ab

    sorp

    tio

    n &

    Tur

    nove

    r V

    acan

    cy$

    0Sc

    hed

    uled

    Bas

    e R

    enta

    l Rev

    enue

    $1,1

    61,

    758

    $51

    2,33

    2 E

    xpen

    se R

    eim

    bur

    sem

    ent

    Rev

    enue

    Par

    king

    Lo

    t E

    asem

    ent

    $23

    ,40

    0To

    tal R

    eim

    bur

    sem

    ent

    & O

    ther

    Inco

    me

    $535

    ,732

    Tota

    l Po

    tent

    ial G

    ross

    Rev

    enue

    $1,6

    97,

    49

    0

    Eff

    ecti

    ve G

    ross

    Rev

    enue

    $1,6

    97,

    49

    0

    Tota

    l Op

    erat

    ing

    Exp

    ense

    s($

    760

    ,227

    )

    Net

    Op

    erat

    ing

    Inco

    me

    $937

    ,26

    3

    Tota

    l Lea

    sing

    & C

    apit

    al C

    ost

    s($

    13,3

    82)

    Cas

    h Fl

    ow B

    efor

    e D

    ebt

    Serv

    ice

    $923

    ,881

    Key

    Ten

    ant

    Sch

    edul

    eTe

    nant

    Sq. F

    t.

    %E

    xpir

    atio

    n14

    ,315

    26.7

    4%

    Jun-

    2110

    ,676

    19.9

    5%A

    ug-2

    69

    ,00

    016

    .81%

    Jul-

    29

    Ret

    ro F

    itne

    ssD

    olla

    r T

    ree

    Tex

    as R

    oad

    hous

    eTo

    tal

    33,9

    9163

    .50

    %

    [1]

    Inte

    rest

    onl

    y al

    so a

    vaila

    ble

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc

    Pro

    per

    ty D

    etai

    ls

    Str

    eet

    Ad

    dre

    ss25

    75 H

    emp

    stea

    d T

    urnp

    ike

    Cit

    y, S

    tate

    Zip

    Eas

    t M

    ead

    ow

    , NY

    115

    54C

    oun

    tyN

    assa

    uT

    ax P

    arce

    l Num

    ber

    s4

    5-0

    0J-

    00

    -012

    04

    5 J

    011

    704

    5 J

    012

    40

    Lot

    Siz

    e4

    .33

    Acr

    es /

    18

    8,6

    10 S

    FG

    ross

    Lea

    sab

    le A

    rea

    (GLA

    )53

    ,526

    SF

    Num

    ber

    of

    Bui

    ldin

    gs

    Tw

    o (

    One

    Sto

    ry)

    Yea

    r B

    uilt

    /Ren

    ova

    ted

    1956

    / 2

    00

    8O

    ccup

    ancy

    100

    %P

    arki

    ngA

    pp

    roxi

    mat

    ely

    30

    5 S

    pac

    esP

    arki

    ng R

    atio

    5.70

    / 1

    ,00

    0 S

    F

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc.

    ©

    EA

    ST

    ME

    AD

    OW

    CO

    MM

    ON

    S |

    2575

    HE

    MP

    ST

    EA

    D T

    UR

    NP

    IKE

    | E

    AS

    T M

    EA

    DO

    W, N

    Y 11

    554

    5

    Par

    cel M

    ap

    HE

    MP

    STE

    AD

    B

    ETH

    PAG

    E T

    UR

    NP

    IKE

    51

    ,20

    0 V

    PD

    WA

    NTA

    GH

    STA

    TE

    PK

    WY

    71,

    800

    VP

    D

    NE

    WB

    RID

    GE

    RO

    AD

    23

    ,70

    0 V

    PD

    SUP

    ER

    STO

    P &

    SH

    OP

    T-M

    OB

    ILE WA

    LMA

    RT

    *N

    AP

    = N

    OT

    A P

    AR

    T

    PAN

    ER

    A B

    RE

    AD

    (N

    AP

    )

    TD B

    AN

    K (

    NA

    P)

    MO

    E’S

    (N

    AP

    )

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc

    Ren

    t R

    oll

    Tena

    ntSu

    ite

    Sq. F

    t.%

    Star

    tE

    xpir

    atio

    nP

    er S

    FM

    onth

    lyA

    nnua

    lIn

    crea

    ses

    Op

    tio

    ns

    Tex

    as R

    oad

    hous

    e A

    100

    9,0

    00

    16.8

    1%Ju

    l-0

    9Ju

    l-29

    $18

    .48

    $13

    ,86

    0$

    166

    ,320

    12%

    Eve

    ry 5

    Yea

    rs

    Fo

    ur, 5

    -Yea

    r

    WLZ

    Nai

    ls A

    110

    5,33

    69

    .97%

    May

    -18

    May

    -18

    $29

    .24

    $13

    ,00

    0$

    156

    ,00

    03%

    Ann

    ually

    B

    egin

    ning

    in Y

    ear

    6

    One

    , 5-Y

    ear

    Do

    llar

    Tre

    e A

    120

    10,6

    7619

    .95%

    Aug

    -16

    Aug

    -26

    $9

    .79

    $8

    ,710

    $10

    4,5

    1810

    % E

    very

    5 Y

    ears

    O

    ne, 5

    -Yea

    r

    JMac

    Sui

    tes

    (db

    a P

    heni

    x S

    alo

    n) A

    130

    5,71

    310

    .67%

    May

    -17

    Ap

    r-27

    $21

    .00

    $9

    ,99

    8$

    119

    ,973

    10%

    Eve

    ry 5

    Yea

    rs

    Thr

    ee, 5

    -Yea

    r

    Ret

    ro F

    itne

    ss B

    100

    14,3

    1526

    .74

    %Ju

    n-11

    Jun-

    21$

    24.4

    4$

    29,15

    5$

    349

    ,859

    No

    ne in

    Bas

    e T

    erm

    , 16

    .5%

    Eac

    h O

    pti

    on

    Tw

    o, 5

    -Yea

    r

    She

    rwin

    Will

    iam

    s B

    200

    4,0

    45

    7.56

    %Ju

    n-0

    8M

    ay-2

    3$

    35.3

    1$

    11,9

    01

    $14

    2,8

    15N

    one

    in B

    ase

    Ter

    m,

    15%

    Eac

    h O

    pti

    on

    Fo

    ur, 5

    -Yea

    r

    Nas

    sau

    Fin

    anci

    al

    Fed

    eral

    Cre

    dit

    Uni

    on

    B25

    02,

    44

    14

    .56

    %M

    ar-1

    8M

    ar-2

    8$

    30.0

    0$

    6,10

    3$

    73,2

    3012

    % E

    very

    5 Y

    ears

    O

    ne, 5

    -Yea

    r

    Tre

    asur

    e Is

    land

    B26

    02,

    00

    03.

    74%

    Feb

    -16

    Feb

    -26

    $23

    .34

    $3,

    89

    0$

    46

    ,679

    3% A

    nnua

    lly

    No

    ne

    Tota

    l53

    ,526

    100

    .00

    %$2

    1.66

    $96

    ,616

    $1,1

    59,3

    94

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc.

    ©

    EA

    ST

    ME

    AD

    OW

    CO

    MM

    ON

    S |

    2575

    HE

    MP

    ST

    EA

    D T

    UR

    NP

    IKE

    | E

    AS

    T M

    EA

    DO

    W, N

    Y 11

    554

    7

    Leas

    e E

    xpir

    atio

    n G

    rap

    h

    Sq. F

    t.#

    Ten

    ants

    %C

    um.

    Exp

    irat

    ions

    2018

    -20

    204

    ,04

    51

    7.56

    %7.

    56%

    2021

    -20

    2314

    ,315

    126

    .74

    %34

    .30

    %20

    24-2

    026

    12,6

    762

    23.6

    8%

    57.9

    8%

    2027

    -20

    2922

    ,49

    04

    42.

    02%

    100

    .00

    %To

    tal

    53,5

    268

    100

    .00

    %10

    0.0

    0%

    7.56

    %

    26.7

    4%

    23.6

    8%

    42.0

    2%

    0.00

    %

    20.0

    0%

    40.0

    0%

    60.0

    0%

    80.0

    0%

    100.

    00%

    120.

    00%

    0.00

    %

    5.00

    %

    10.0

    0%

    15.0

    0%

    20.0

    0%

    25.0

    0%

    30.0

    0%

    35.0

    0%

    40.0

    0%

    45.0

    0%

    2018

    -202

    020

    21-2

    023

    2027

    -202

    9

    % E

    xpiri

    ng

    2024

    -202

    6

    Cum

    ulat

    ive

    Expi

    ring

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc

    Tena

    nt O

    verv

    iew

    - T

    exas

    Ro

    adho

    use

    Texa

    s Ro

    adho

    use,

    Inc

    ., to

    geth

    er w

    ith i

    ts s

    ubsi

    diar

    ies,

    oper

    ates

    ful

    l-

    serv

    ice

    casu

    al d

    inin

    g re

    stau

    rant

    s in

    the

    Uni

    ted

    Stat

    es a

    nd in

    tern

    atio

    nally

    .

    The

    com

    pany

    ope

    rate

    s an

    d fra

    nchi

    ses

    its r

    esta

    uran

    ts u

    nder

    the

    Tex

    as

    Road

    hous

    e na

    me.

    It al

    so o

    pera

    tes s

    port

    s res

    taur

    ants

    und

    er th

    e Bu

    bba’s

    33

    nam

    e. In

    add

    ition

    , the

    com

    pany

    pro

    vide

    s sup

    ervi

    sory

    and

    adm

    inis

    trat

    ive

    serv

    ices

    for o

    ther

    fran

    chis

    e re

    stau

    rant

    s. As

    of F

    ebru

    ary

    21, 2

    017,

    it o

    wne

    d

    and

    oper

    ated

    520

    rest

    aura

    nts

    in 4

    9 st

    ates

    and

    6 fo

    reig

    n co

    untr

    ies.

    The

    com

    pany

    was

    foun

    ded

    in 1

    993

    and

    is b

    ased

    in L

    ouis

    ville

    , Ken

    tuck

    y.

    TE

    NA

    NT

    OV

    ER

    VIE

    W

    Ten

    ant

    Tra

    de

    Nam

    eT

    exas

    Ro

    adho

    use

    Gro

    ss L

    easa

    ble

    Are

    a (G

    LA)

    9,0

    00

    SF

    % o

    f T

    ota

    l GLA

    16.8

    1%

    Web

    site

    ww

    w.t

    exas

    road

    hous

    e.co

    m

    Hea

    dq

    uart

    ers

    Loui

    svill

    e, K

    Y

    Num

    ber

    of

    Loca

    tio

    ns52

    0+

    Leas

    e S

    tart

    Dat

    eJu

    ly-0

    9

    Leas

    e E

    xpir

    atio

    n D

    ate

    July

    -29

    Ter

    m R

    emai

    ning

    on

    Leas

    e11

    Yea

    rs

    Ann

    ual R

    ent

    $16

    6,3

    20

    Op

    tio

    ns t

    o R

    enew

    Fo

    ur, 5

    -Yea

    r

    Incr

    ease

    s12

    % E

    very

    5 Y

    ears

    Gua

    rant

    or

    Co

    rpo

    rate

    Gua

    rant

    ee

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc.

    ©

    EA

    ST

    ME

    AD

    OW

    CO

    MM

    ON

    S |

    2575

    HE

    MP

    ST

    EA

    D T

    UR

    NP

    IKE

    | E

    AS

    T M

    EA

    DO

    W, N

    Y 11

    554

    9

    Tena

    nt O

    verv

    iew

    - D

    olla

    r Tr

    ee

    Dol

    lar

    Tree

    Sto

    res,

    Inc.

    ow

    ns a

    nd o

    pera

    tes

    a ch

    ain

    of d

    isco

    unt

    varie

    ty

    stor

    es i

    n th

    e U

    nite

    d St

    ates

    . Its

    sto

    res

    offer

    hou

    sew

    ares

    , gl

    assw

    are,

    dinn

    erw

    are,

    cle

    anin

    g su

    pplie

    s, ca

    ndie

    s, sn

    acks

    , foo

    ds, h

    ealth

    and

    bea

    uty

    prod

    ucts

    , toy

    s, gi

    fts,

    gift

    bag

    s and

    wra

    ps, p

    arty

    supp

    lies,

    stat

    ione

    ry, c

    raft

    supp

    lies,

    teac

    hing

    sup

    plie

    s, bo

    oks,

    seas

    onal

    déc

    or it

    ems,

    and

    mor

    e. T

    he

    com

    pany

    als

    o se

    lls p

    rodu

    cts o

    nlin

    e. It

    was

    form

    erly

    kno

    wn

    as O

    nly

    $1.0

    0

    Inc.

    and

    cha

    nged

    its

    nam

    e to

    Dol

    lar

    Tree

    Sto

    res,

    Inc.

    in J

    anua

    ry 1

    993.

    The

    com

    pany

    was

    foun

    ded

    in 1

    986

    and

    is b

    ased

    in C

    hesa

    peak

    e, V

    irgin

    ia.

    Dol

    lar T

    ree

    Stor

    es, I

    nc. o

    pera

    tes a

    s a su

    bsid

    iary

    of D

    olla

    r Tre

    e, In

    c

    TE

    NA

    NT

    OV

    ER

    VIE

    W

    Ten

    ant

    Tra

    de

    Nam

    eD

    olla

    r T

    ree

    Gro

    ss L

    easa

    ble

    Are

    a (G

    LA)

    10,6

    76 S

    F

    % o

    f T

    ota

    l GLA

    19.9

    5%

    Web

    site

    ww

    w.d

    olla

    rtre

    e.co

    m

    Hea

    dq

    uart

    ers

    Che

    sap

    eake

    , VA

    Num

    ber

    of

    Loca

    tio

    ns14

    ,30

    0+

    Leas

    e S

    tart

    Dat

    eA

    ugus

    t-16

    Leas

    e E

    xpir

    atio

    n D

    ate

    Aug

    ust-

    26

    Ter

    m R

    emai

    ning

    on

    Leas

    e8

    Yea

    rs

    Ann

    ual R

    ent

    $10

    4,5

    18

    Op

    tio

    ns t

    o R

    enew

    One

    , 5-Y

    ear

    Incr

    ease

    s10

    % E

    very

    5 Y

    ears

    Gua

    rant

    or

    Co

    rpo

    rate

    Gua

    rant

    ee

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc

    Tena

    nt O

    verv

    iew

    - R

    etro

    Fit

    ness

    Foun

    ded

    by E

    ric C

    asab

    uri

    in 2

    002,

    New

    Jer

    sey-

    base

    d Re

    tro

    Fitn

    ess

    bega

    n fra

    nchi

    sing

    in 2

    006.

    Ret

    ro F

    itnes

    s gym

    s fea

    ture

    car

    dio

    equi

    pmen

    t,

    circ

    uit t

    rain

    ing

    equi

    pmen

    t, m

    ovie

    thea

    ters

    that

    pla

    y ‘8

    0’s

    film

    s, w

    eigh

    ts,

    pers

    onal

    tra

    inin

    g, t

    anni

    ng, g

    roup

    fitn

    ess,

    a Re

    tro

    Blen

    ds s

    moo

    thie

    bar

    ,

    supp

    lem

    ents

    , and

    chi

    ropr

    actic

    serv

    ices

    .

    TE

    NA

    NT

    OV

    ER

    VIE

    W

    Ten

    ant

    Tra

    de

    Nam

    eR

    etro

    Fit

    ness

    Gro

    ss L

    easa

    ble

    Are

    a (G

    LA)

    14,3

    15 S

    F

    % o

    f T

    ota

    l GLA

    26.7

    4%

    Web

    site

    ww

    w.r

    etro

    fitn

    ess.

    com

    Hea

    dq

    uart

    ers

    Co

    lts

    Nec

    k, N

    J

    Num

    ber

    of

    Loca

    tio

    ns15

    0+

    Leas

    e S

    tart

    Dat

    eJu

    ne-1

    1

    Leas

    e E

    xpir

    atio

    n D

    ate

    June

    -21

    Ter

    m R

    emai

    ning

    on

    Leas

    e3

    Yea

    rs

    Ann

    ual R

    ent

    $34

    9,8

    59

    Op

    tio

    ns t

    o R

    enew

    Tw

    o, 5

    -Yea

    r

    Incr

    ease

    sN

    one

    Rem

    aini

    ng in

    Bas

    e T

    erm

    , 16

    .5%

    in E

    ach

    Op

    tio

    n

    Gua

    rant

    or

    Per

    sona

    l Gua

    rant

    ee

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc.

    ©

    EA

    ST

    ME

    AD

    OW

    CO

    MM

    ON

    S |

    2575

    HE

    MP

    ST

    EA

    D T

    UR

    NP

    IKE

    | E

    AS

    T M

    EA

    DO

    W, N

    Y 11

    554

    11

    Pro

    per

    ty P

    hoto

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc

    Cas

    h Fl

    ow A

    ssum

    pti

    ons

    Pro

    per

    ty T

    imin

    gM

    arke

    t L

    easi

    ng A

    ssum

    pti

    on

    sD

    ebt

    Ass

    ump

    tio

    ns

    Sta

    rt o

    f A

    nal

    ysis

    9/1

    /20

    18~2

    ,00

    0 S

    FO

    rig

    inal

    Lo

    anE

    nd

    of

    An

    alys

    is8

    /31/

    2028

    75%

    Mo

    nth

    0A

    naly

    sis

    Per

    iod

    10 Y

    ears

    $25

    .00

    $9

    ,425

    ,00

    0

    10 Y

    ears

    65%

    Op

    erat

    ing

    Ass

    ump

    tio

    ns

    6 M

    on

    ths

    4.9

    5%

    Rev

    enue

    Ass

    ump

    tio

    ns3%

    An

    nu

    ally

    30 Y

    rs.

    Mar

    ket

    Ren

    t G

    row

    th2.

    50%

    Ren

    ewal

    Pro

    bab

    ility

    Mar

    ket

    Ren

    t

    Lea

    se T

    erm

    Do

    wnt

    ime

    Incr

    ease

    s

    TI

    10 Y

    rs.

    New

    $25

    .00

    0.5

    0%

    Ren

    ewal

    $0

    .00

    $6

    03

    ,69

    4

    Exp

    ense

    Ass

    ump

    tio

    nsL

    C

    Mo

    nth

    of

    Fin

    anci

    ng

    Lo

    an A

    mo

    unt

    LTV

    Inte

    rest

    Rat

    e

    Am

    ort

    izat

    ion

    Ter

    m

    Ter

    m

    Ori

    gin

    atio

    n F

    ee

    An

    nu

    al D

    ebt

    Ser

    vice

    DS

    CR

    1.55x

    2.50

    %N

    ew6

    .00

    %

    2.50

    %R

    enew

    al3.

    00

    %V

    ital

    Dat

    a

    Exp

    ense

    Gro

    wth

    Rat

    e

    Rea

    l Est

    ate

    Tax

    Gro

    wth

    Rat

    e

    Yea

    r 1

    Op

    . Exp

    . (ex

    cl. t

    axes

    , ins

    . & m

    gm

    t)$

    1.92

    Leas

    e T

    ype

    Net

    +10

    % A

    dm

    inU

    nlev

    ered

    $11

    .34

    IRR

    8.6

    6%

    $0

    .30

    4,0

    00

    -6,0

    00

    SF

    CF

    Mu

    ltip

    le1.9

    2x

    Rea

    l Est

    ate

    Tax

    es

    Insu

    ranc

    e

    Man

    agem

    ent

    $0

    .63

    75%

    Pro

    fit

    $13

    ,46

    5,10

    8

    To

    tal Y

    ear

    1 O

    per

    atin

    g E

    xpen

    se$

    14.2

    0$

    22.0

    0Le

    vere

    d

    10 Y

    ears

    IRR

    13.18

    %

    Dis

    po

    siti

    on

    Ass

    ump

    tio

    ns

    9 M

    on

    ths

    CF

    Mu

    ltip

    le2.

    74x

    10 Y

    rs.

    5% E

    very

    5 Y

    ears

    Pro

    fit

    $9

    ,151,1

    34

    $1,2

    40

    ,28

    2

    Ren

    ewal

    Pro

    bab

    ility

    Mar

    ket

    Ren

    t

    Lea

    se T

    erm

    Do

    wnt

    ime

    Incr

    ease

    s

    TI

    7.0

    0%

    New

    $15

    .00

    1.00

    %R

    enew

    al$

    0.0

    0

    LC

    $17

    ,718

    ,314

    New

    6.0

    0%

    Ho

    ld P

    erio

    d

    Fo

    rwar

    d Y

    ear

    NO

    I

    Res

    idua

    l Cap

    Rat

    e

    Tra

    nsa

    ctio

    n C

    ost

    s

    Gro

    ss R

    esid

    ual

    Val

    ue

    Net

    Res

    idua

    l Val

    ue$

    17,5

    41,1

    31

    Ren

    ewal

    3.0

    0%

    Leas

    e T

    ype

    Net

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc.

    ©

    EA

    ST

    ME

    AD

    OW

    CO

    MM

    ON

    S |

    2575

    HE

    MP

    ST

    EA

    D T

    UR

    NP

    IKE

    | E

    AS

    T M

    EA

    DO

    W, N

    Y 11

    554

    13

    10-Y

    ear

    Cas

    h Fl

    owY

    ear

    0Y

    ear

    1Y

    ear

    2Y

    ear

    3Y

    ear

    4Y

    ear

    5Y

    ear

    6Y

    ear

    7Y

    ear

    8Y

    ear

    9Y

    ear

    10Y

    ear

    End

    ing

    Jul-

    18Ju

    l-19

    Jul-

    20Ju

    l-21

    Jul-

    22Ju

    l-23

    Jul-

    24Ju

    l-25

    Jul-

    26Ju

    l-27

    Jul-

    28P

    ote

    ntia

    l Gro

    ss R

    even

    ue$

    1,16

    1,75

    8$

    1,18

    1,474

    $1,1

    92,

    55

    3$

    1,25

    6,5

    97

    $1,2

    75,6

    33$

    1,30

    7,5

    94

    $1,3

    34,6

    01

    $1,3

    52,

    677

    $1,4

    31,4

    46

    $1,4

    56

    ,159

    Bas

    e R

    enta

    l Rev

    enue

    Ab

    sorp

    tio

    n &

    Tur

    nove

    r V

    acan

    cy($

    9,9

    06

    )Sc

    hed

    uled

    Bas

    e R

    enta

    l Rev

    enue

    $1,1

    61,

    758

    $1,1

    81,4

    74$1

    ,19

    2,55

    3$1

    ,256

    ,59

    7$1

    ,275

    ,633

    $1,3

    07,

    594

    $1,3

    34,6

    01

    $1,3

    42,

    771

    $1,4

    31,4

    46

    $1,4

    56,1

    59$

    512,

    332

    $53

    2,8

    48

    $55

    3,76

    9$

    576

    ,121

    $59

    8,4

    06

    $6

    19,2

    68

    $6

    40

    ,54

    8$

    656

    ,229

    $6

    85,

    46

    7$

    703,

    950

    Exp

    ense

    Rei

    mb

    urse

    men

    t R

    even

    ue P

    arki

    ng L

    ot

    Eas

    emen

    t$

    23,4

    00

    $23

    ,98

    5$

    24,5

    85

    $25

    ,199

    $25

    ,829

    $26

    ,475

    $27

    ,137

    $27

    ,815

    $28

    ,511

    $29

    ,223

    Tota

    l Rei

    mb

    urse

    men

    t &

    Oth

    er In

    com

    e$5

    35,7

    32$5

    56,8

    33$5

    78,3

    54$6

    01,

    320

    $624

    ,235

    $64

    5,74

    3$6

    67,

    685

    $684

    ,04

    4$7

    13,9

    78$7

    33,1

    73To

    tal P

    ote

    ntia

    l Gro

    ss R

    even

    ue$1

    ,69

    7,4

    90

    $1,7

    38,3

    07

    $1,7

    70,9

    07

    $1,8

    57,9

    17$1

    ,89

    9,8

    68

    $1,9

    53,3

    37$2

    ,00

    2,28

    6$2

    ,026

    ,815

    $2,1

    45,

    424

    $2,1

    89,3

    32

    Eff

    ecti

    ve G

    ross

    Rev

    enue

    $1,6

    97,

    49

    0$1

    ,738

    ,30

    7$1

    ,770

    ,90

    7$1

    ,857

    ,917

    $1,8

    99

    ,86

    8$1

    ,953

    ,337

    $2,0

    02,

    286

    $2,0

    26,8

    15$2

    ,14

    5,4

    24$2

    ,189

    ,332

    Op

    erat

    ing

    Exp

    ense

    s$

    7,53

    8$

    7,72

    7$

    7,9

    20$

    8,11

    8$

    8,3

    21$

    8,5

    29$

    8,7

    42

    $8

    ,96

    1$

    9,18

    5$

    9,4

    15$

    4,6

    69

    $4

    ,78

    5$

    4,9

    05

    $5,

    028

    $5,

    153

    $5,

    282

    $5,

    414

    $5,

    550

    $5,

    68

    8$

    5,8

    31$

    234

    $23

    9$

    245

    $25

    1$

    258

    $26

    4$

    271

    $27

    8$

    285

    $29

    2$

    798

    $8

    18$

    838

    $8

    59$

    88

    0$

    90

    2$

    925

    $9

    48

    $9

    72$

    99

    6$

    14,7

    95

    $15

    ,165

    $15

    ,54

    4$

    15,9

    32$

    16,3

    31$

    16,7

    39$

    17,15

    7$

    17,5

    86

    $18

    ,026

    $18

    ,477

    $2,

    161

    $2,

    215

    $2,

    270

    $2,

    327

    $2,

    385

    $2,

    44

    5$

    2,50

    6$

    2,56

    8$

    2,6

    33$

    2,6

    99

    $4

    ,00

    0$

    4,10

    0$

    4,2

    02

    $4

    ,30

    8$

    4,4

    15$

    4,5

    26$

    4,6

    39$

    4,7

    55$

    4,8

    74$

    4,9

    95

    $4

    ,04

    6$

    4,14

    7$

    4,2

    51

    $4

    ,35

    7$

    4,4

    66

    $4

    ,578

    $4

    ,69

    2$

    4,8

    10$

    4,9

    30$

    5,0

    53

    $14

    0$

    143

    $14

    7$

    151

    $15

    5$

    158

    $16

    2$

    166

    $17

    1$

    175

    $4

    94

    $50

    7$

    520

    $53

    3$

    546

    $55

    9$

    573

    $58

    8$

    60

    2$

    618

    $18

    ,184

    $18

    ,638

    $19

    ,104

    $19

    ,58

    2$

    20,0

    72$

    20,5

    73$

    21,0

    88

    $21

    ,615

    $22

    ,155

    $22

    ,70

    9$

    815

    $8

    35$

    856

    $8

    77$

    89

    9$

    922

    $9

    45

    $9

    68

    $9

    93

    $1,0

    17$

    18,7

    50$

    19,2

    19$

    19,6

    99

    $20

    ,192

    $20

    ,69

    6$

    21,2

    14$

    21,7

    44

    $22

    ,28

    8$

    22,8

    45

    $23

    ,416

    $16

    3$

    167

    $17

    1$

    175

    $18

    0$

    184

    $18

    9$

    194

    $19

    9$

    203

    $33

    ,950

    $34

    ,76

    6$

    35,4

    18$

    37,15

    8$

    37,9

    97

    $39

    ,06

    7$

    40

    ,04

    6$

    40

    ,536

    $4

    2,9

    08

    $4

    3,78

    7$

    16,6

    95

    $17

    ,113

    $17

    ,54

    0$

    17,9

    79$

    18,4

    28$

    18,8

    89

    $19

    ,36

    1$

    19,8

    45

    $20

    ,34

    1$

    20,8

    50$

    3,28

    8$

    3,37

    0$

    3,4

    55$

    3,54

    1$

    3,6

    30$

    3,72

    0$

    3,8

    13$

    3,9

    09

    $4

    ,00

    6$

    4,10

    7$

    4,6

    63

    $4

    ,78

    0$

    4,8

    99

    $5,

    022

    $5,

    147

    $5,

    276

    $5,

    40

    8$

    5,54

    3$

    5,6

    82

    $5,

    824

    $1,4

    97

    $1,5

    34$

    1,573

    $1,6

    12$

    1,652

    $1,6

    94

    $1,7

    36$

    1,779

    $1,8

    24$

    1,870

    $16

    ,190

    $16

    ,59

    5$

    17,0

    10$

    17,4

    35$

    17,8

    71$

    18,3

    17$

    18,7

    75$

    19,2

    45

    $19

    ,726

    $20

    ,219

    Ele

    c. R

    &M

    Fir

    e S

    afet

    y &

    Mai

    nten

    ance

    Gen

    eral

    R&

    M H

    VA

    C L

    and

    scap

    e/G

    roun

    ds

    R&

    M M

    isc.

    R&

    M P

    arki

    ng L

    ot

    R&

    M R

    oo

    f R

    &M

    Plu

    mb

    ing

    R&

    M S

    ign

    R&

    M L

    ot

    Sw

    eep

    ing

    Pes

    t C

    ont

    rol

    Sno

    w R

    emo

    val

    Tra

    sh R

    emo

    val

    MG

    MT

    Ele

    ctri

    city

    Gas

    Wat

    er S

    W D

    ump

    ster

    Exp

    ense

    Ins

    uran

    ce R

    eal E

    stat

    e T

    axes

    $6

    07,

    157

    $6

    22,3

    35$

    637

    ,89

    4$

    653

    ,84

    1$

    670

    ,187

    $6

    86

    ,94

    2$

    704

    ,115

    $72

    1,718

    $73

    9,7

    61

    $75

    8,2

    55To

    tal O

    per

    atin

    g E

    xpen

    ses

    $760

    ,227

    $779

    ,19

    8$7

    98,4

    61

    $819

    ,278

    $839

    ,669

    $86

    0,7

    80$8

    82,3

    01

    $90

    3,85

    0$9

    27,8

    06

    $950

    ,80

    8N

    et O

    per

    atin

    g In

    com

    e$9

    37,2

    63

    $959

    ,10

    9$9

    72,4

    46

    $1,0

    38,6

    39$1

    ,06

    0,1

    99

    $1,0

    92,

    557

    $1,1

    19,9

    85$1

    ,122

    ,965

    $1,2

    17,6

    18$1

    ,238

    ,524

    Leas

    ing

    & C

    apit

    al C

    ost

    s$

    14,8

    59$

    25,5

    51 T

    enan

    t Im

    pro

    vem

    ents

    Lea

    sing

    Co

    mm

    issi

    ons

    Res

    erve

    s$

    13,3

    82

    $13

    ,716

    $14

    ,059

    $14

    ,410

    $14

    ,771

    $15

    ,140

    $15

    ,518

    $15

    ,90

    6$

    16,3

    04

    $16

    ,712

    Tota

    l Lea

    sing

    & C

    apit

    al C

    ost

    s$1

    3,38

    2$1

    3,71

    6$1

    4,0

    59$1

    4,4

    10$1

    4,7

    71$1

    5,14

    0$1

    5,51

    8$5

    6,3

    16$1

    6,3

    04

    $16

    ,712

    Tota

    l Cas

    h Fl

    ow$9

    23,8

    81$9

    45,

    393

    $958

    ,387

    $1,0

    24,2

    29$1

    ,04

    5,4

    28$1

    ,077

    ,417

    $1,1

    04

    ,46

    7$1

    ,06

    6,6

    49

    $1,2

    01,

    314

    $1,2

    21,8

    12($

    14,5

    00

    ,00

    0)

    ($14

    5,0

    00

    )P

    urch

    ase

    Pri

    ceC

    losi

    ng C

    ost

    s/Le

    gal

    Fee

    sT

    rans

    fer

    Tax

    Net

    Sal

    e P

    roce

    eds

    $17

    ,54

    1,131

    Cas

    h Fl

    ow B

    efo

    re D

    ebt

    Serv

    ice

    ($14

    ,64

    5,0

    00

    )$9

    23,8

    81$9

    45,

    393

    $958

    ,387

    $1,0

    24,2

    29$1

    ,04

    5,4

    28$1

    ,077

    ,417

    $1,1

    04

    ,46

    7$1

    ,06

    6,6

    49

    $1,2

    01,

    314

    $18,

    762,

    94

    3U

    nlev

    ered

    CF

    Yie

    ld6

    .40

    %6

    .55%

    6.6

    4%

    7.0

    9%

    7.24

    %7.

    46

    %7.

    65%

    7.6

    7%8

    .31%

    8.4

    6%

    8.6

    6%

    Unl

    ever

    ed IR

    RU

    nlev

    ered

    CF

    Mul

    tip

    le1.

    92x

    Leve

    rag

    e Ex

    pen

    ses

    Ori

    gin

    atio

    n F

    ee($

    47,

    125)

    Tota

    l Lev

    erag

    e Ex

    pen

    ses

    ($4

    7,12

    5)D

    ebt

    Serv

    ice

    - O

    rig

    inal

    Lo

    anIn

    tere

    st P

    aym

    ents

    $4

    63,

    383

    $4

    56,2

    77$

    44

    8,8

    12$

    44

    0,9

    69

    $4

    32,7

    29$

    424

    ,072

    $4

    14,9

    76$

    40

    5,4

    20$

    395,

    379

    $38

    4,8

    31P

    rinc

    ipal

    Pay

    men

    ts$

    140

    ,311

    $14

    7,4

    16$

    154

    ,88

    1$

    162,

    724

    $17

    0,9

    65

    $17

    9,6

    22$

    188

    ,718

    $19

    8,2

    74$

    208

    ,314

    $21

    8,8

    63

    Tota

    l Deb

    t Se

    rvic

    e &

    Lev

    erag

    e Ex

    pen

    se($

    47,

    125)

    ($6

    03,

    69

    4)

    ($6

    03,

    69

    4)

    ($6

    03,

    69

    4)

    ($6

    03,

    69

    4)

    ($6

    03,

    69

    4)

    ($6

    03,

    69

    4)

    ($6

    03,

    69

    4)

    ($6

    03,

    69

    4)

    ($6

    03,

    694

    )($

    60

    3,6

    94)

    Cas

    h Fl

    ow A

    fter

    Deb

    t Se

    rvic

    e($

    5,26

    7,12

    5)$3

    20,1

    87$3

    41,

    699

    $354

    ,693

    $420

    ,535

    $44

    1,73

    4$4

    73,7

    23$5

    00

    ,773

    $46

    2,9

    55$5

    97,

    620

    $10

    ,50

    4,3

    39($

    4,6

    05,

    239

    )($

    4,2

    50,5

    46

    )($

    3,8

    30,0

    10)

    ($3,

    388

    ,276

    )($

    2,9

    14,5

    53)

    ($2,

    413

    ,78

    0)

    ($1,9

    50,8

    25)

    ($1,3

    53,2

    05)

    $9,15

    1,134

    6.4

    9%

    6.7

    3%7.

    98

    %8

    .39

    %8

    .99

    %9

    .51%

    8.7

    9%

    11.3

    5%19

    9.4

    3%C

    umul

    ativ

    e C

    ash

    Flo

    wLe

    vere

    d C

    ash

    Flo

    w Y

    ield

    NO

    I/To

    tal D

    ebt

    Ser

    vice

    ($5,

    267,

    125)

    ($4

    ,94

    6,9

    38)

    6.0

    8%

    1.55x

    1.59

    x1.6

    1x1.7

    2x1.7

    6x

    1.81x

    1.86

    x1.8

    6x

    2.0

    2x2.

    05x

    13.1

    8%Le

    vere

    d IR

    RLe

    vere

    d C

    F M

    ulti

    ple

    2.74

    x

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc

    Maj

    or

    Loca

    l Ret

    aile

    rs

    *Bo

    rder

    s ar

    e ap

    pro

    xim

    ate

    and

    to

    be

    use

    d f

    or

    refe

    ren

    ce p

    urp

    ose

    s o

    nly

    .

    WA

    NTA

    GH

    STA

    TE

    PK

    WY

    71,

    800

    VP

    D

    NE

    WB

    RID

    GE

    RO

    AD

    23

    ,70

    0 V

    PD

    HE

    MP

    STE

    AD

    B

    ETH

    PAG

    E T

    UR

    NP

    IKE

    51

    ,20

    0 V

    PD

    SU

    BJE

    CT P

    RO

    PE

    RT

    Y

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc.

    ©

    EA

    ST

    ME

    AD

    OW

    CO

    MM

    ON

    S |

    2575

    HE

    MP

    ST

    EA

    D T

    UR

    NP

    IKE

    | E

    AS

    T M

    EA

    DO

    W, N

    Y 11

    554

    15

    Pro

    per

    ty P

    hoto

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc

    Pro

    per

    ty P

    hoto

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc.

    ©

    EA

    ST

    ME

    AD

    OW

    CO

    MM

    ON

    S |

    2575

    HE

    MP

    ST

    EA

    D T

    UR

    NP

    IKE

    | E

    AS

    T M

    EA

    DO

    W, N

    Y 11

    554

    17

    Pro

    per

    ty P

    hoto

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc

    Reg

    iona

    l Map

    SU

    BJE

    CT P

    RO

    PE

    RT

    Y

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc.

    ©

    EA

    ST

    ME

    AD

    OW

    CO

    MM

    ON

    S |

    2575

    HE

    MP

    ST

    EA

    D T

    UR

    NP

    IKE

    | E

    AS

    T M

    EA

    DO

    W, N

    Y 11

    554

    17

    Loca

    l Map

    SUBJEC

    TE

    ISE

    NH

    OW

    ER

    PA

    RK

    ISE

    NH

    OWW

    ER

    PA

    RG

    OLF

    CO

    UR

    SESO

    FT B

    ALL

    NA

    SSA

    U M

    ALL

    HO

    FSTR

    AU

    NIV

    ER

    SITY

    RO

    OSE

    VE

    LTFI

    ELD

    2,24

    4,5

    81 S

    FT

    WA

    LMA

    RT

    NA

    SSA

    U U

    NIV

    ER

    SITY

    ME

    DIC

    AL

    CE

    NTE

    R

    THE

    CH

    EE

    SCA

    KE

    FA

    CTO

    RY

    DA

    VE

    & B

    UST

    ER

    SC

    OST

    CO

    THE

    SO

    UR

    CE

    MA

    LL

    SU

    BJE

    CT P

    RO

    PE

    RT

    Y

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc

    Loca

    tio

    n O

    verv

    iew

    Dem

    og

    rap

    hic

    Sum

    mar

    yD

    ista

    nce

    1 M

    ile3

    Mile

    5 M

    ile24

    ,815

    185,

    381

    506

    ,39

    524

    ,46

    318

    3,21

    850

    1,021

    $11

    6,9

    21$

    123,

    071

    $12

    4,6

    36$

    92,

    376

    $9

    8,3

    61

    $9

    6,8

    65

    2017

    Po

    pul

    atio

    n20

    22 P

    op

    ulat

    ion

    2017

    Ave

    rag

    e H

    ous

    eho

    ld In

    com

    e20

    17 M

    edia

    n H

    ous

    eho

    ld In

    com

    e20

    17 P

    er C

    apit

    a In

    com

    e$

    37,9

    31$

    39,5

    12$

    39,6

    35

    Maj

    or

    Ret

    aile

    rsC

    hase

    Ban

    kS

    top

    & S

    hop

    TD

    Ban

    kW

    alg

    reen

    sW

    alm

    art

    Tra

    ffic

    Co

    unts

    Stre

    et N

    ame

    VP

    D51

    ,20

    071

    ,80

    0H

    emp

    stea

    d T

    urnp

    ike

    Wan

    tag

    h P

    arkw

    ayN

    ewb

    rid

    ge

    Ro

    ad23

    ,70

    0

  • Thi

    s in

    form

    atio

    n ha

    s b

    een

    secu

    red

    fro

    m s

    our

    ces

    we

    bel

    ieve

    to

    be

    relia

    ble

    , but

    we

    mak

    e no

    rep

    rese

    ntat

    ions

    or

    war

    rant

    ies,

    exp

    ress

    ed o

    r im

    plie

    d, a

    s to

    the

    acc

    urac

    y o

    f th

    e in

    form

    atio

    n. R

    efer

    ence

    s to

    sq

    uare

    fo

    ota

    ge

    or

    age

    are

    app

    roxi

    mat

    e. B

    uyer

    mus

    t ve

    rify

    the

    info

    rmat

    ion

    and

    bea

    rs a

    ll ri

    sk f

    or

    any

    inac

    cura

    cies

    . Any

    pro

    ject

    ions

    , op

    inio

    ns, a

    ssum

    pti

    ons

    or

    esti

    mat

    es u

    sed

    her

    ein

    are

    for

    exam

    ple

    pur

    po

    ses

    onl

    y an

    d d

    o n

    ot

    rep

    rese

    nt t

    he c

    urre

    nt o

    r fu

    ture

    per

    form

    ance

    of

    the

    pro

    per

    ty. M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces

    is a

    ser

    vice

    mar

    k o

    f M

    arcu

    s &

    Mill

    icha

    p R

    eal E

    stat

    e In

    vest

    men

    t S

    ervi

    ces,

    Inc.

    ©

    EA

    ST

    ME

    AD

    OW

    CO

    MM

    ON

    S |

    2575

    HE

    MP

    ST

    EA

    D T

    UR

    NP

    IKE

    | E

    AS

    T M

    EA

    DO

    W, N

    Y 11

    554

    19

    Dem

    og

    rap

    hic

    Sum

    mar

    yPO

    PULA

    TIO

    NIn

    201

    , th

    e po

    pula

    tion

    in y

    our

    sele

    cted

    geo

    grap

    hy i

    s 50

    6,39

    5.

    The

    popu

    latio

    n ha

    s ch

    ange

    d by

    2.5

    7% s

    ince

    200

    0. I

    t is

    est

    imat

    ed

    that

    the

    pop

    ulat

    ion

    in y

    our

    area

    will

    be

    501,

    021

    five

    year

    s fr

    om

    now

    , w

    hich

    rep

    rese

    nts

    a ch

    ange

    of

    -1.0

    6% f

    rom

    the

    cur

    rent

    yea

    r.

    The

    curr

    ent

    popu

    latio

    n is

    48.

    73%

    mal

    e an

    d 51

    .27%

    fem

    ale.

    The

    med

    ian

    age

    of t

    he p

    opul

    atio

    n in

    you

    r ar

    ea is

    39.

    6, c

    ompa

    re t

    his

    to

    the

    Entir

    e U

    S av

    erag

    e w

    hich

    is 3

    7.7.

    The

    pop

    ulat

    ion

    dens

    ity in

    you

    r

    area

    is 6

    ,436

    .97

    peop

    le p

    er s

    quar

    e m

    ile.

    HO

    USE

    HO

    LDS

    Ther

    e ar

    e cu

    rren

    tly 1

    60,0

    64 h

    ouse

    hold

    s in

    you

    r sel

    ecte

    d ge

    ogra

    phy.

    The

    num

    ber o

    f hou

    seho

    lds

    has

    chan

    ged

    by 2

    .65%

    sin

    ce 2

    000.

    It is

    est

    imat

    ed

    that

    the

    num

    ber

    of h

    ouse

    hold

    s in

    you

    r ar

    ea w

    ill b

    e 16

    1,65

    2 fiv

    e ye

    ars

    from

    now

    , whi

    ch re

    pres

    ents

    a c

    hang

    e of

    0.9

    9% fr

    om th

    e cu

    rren

    t yea

    r. Th

    e

    aver

    age

    hous

    ehol

    d si

    ze in

    you

    r are

    a is

    3.0

    5 pe

    rson

    s.

    INCO

    ME

    In 2

    01,

    the

    med

    ian

    hous

    ehol

    d in

    com

    e fo

    r yo

    ur s

    elec

    ted

    geog

    raph

    y

    is $

    96,8

    65,

    com

    pare

    thi

    s