CLIFF AVENUE PLAZA MULTI-TENANT RETAIL STRIP CENTER FOR SALE SIOUX FALLS, SD INVESTMENT PROPERTY FOR SALE

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1 CLIFF AVENUE PLAZA MULTI-TENANT RETAIL STRIP CENTER FOR SALE SIOUX FALLS, SD INVESTMENT PROPERTY FOR SALE LLOYD C O M P A N I E S 3501 E 10TH STREET, SIOUX FALLS, SD S. Reid Street, Suite 201, Sioux Falls, SD Information herein is deemed reliable, but not guaranteed.

2 3501 E 10th Street SIOUX FALLS, SD Lloyd Companies is pleased to present the opportunity to acquire 3501 E 10th Street, located in Sioux Falls, SD. This single tenant investment opportunity is currently occupied by Caribou Coffee & Einstein Bagels and consists of a 2,500 square feet. This investment would be an excellent opportunity for any portfolio, providing great visibility along E 10th Street with traffic counts estimated at 24,600 cars per day. Investment Summary Pricing $1,346,000 Year Built 2008; Renovated in 2015 Total Building Size Approximately 2,500 Square Feet Site Size 33,420 SF +/- (0.77 Acres +/-) Current Occupancy 100% Zoning Commercial RAQUEL BLOUNT, SIOR VP OF COMMERCIAL REAL ESTATE raquel@lloydcompanies.com JORDAN RIEFFENBERGER, CCIM DIRECTOR OF COMMERCIAL REAL ESTATE jordan@lloydcompanies.com E 10th Street Investment Opportunity LLOYD COMPANIES INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. 2

3 FINANCIAL OVERVIEW 3501 E 10th Street Sioux Falls, SD Occupancy Rate: 100% (Fully Leased) Sales Price: $1,346,000 Net Rentable Area (NRA): 2,500 SF Cap Rate: 6.50% (Fully Leased) Lot Size: 33,420 SF (0.77 Acres) Year Built: 2008; Renovated in E 10th Street Investment Opportunity LLOYD COMPANIES INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. 4

4 TENANT INFO SIOUX FALLS, SD Caribou Coffee & Einstein Bagels A co-branded restaurant simply called Coffee & Bagels joins Caribou Coffee and Einstein Bros. Bagels. The dual concept pairs fresh baked goods with a coffee-shop atmosphere in a company effort to fill a niche and potentially take on the Starbucks Corp. Address: Lease Expiration: Gross Leasable Area: Pro Rata Share of Project: Original Term: Lease Termination Clause: Number of Locations: Headquartered: Website: 3501 E. 10th Street January 31, ,500 Square Feet 100% Ten (10) years with two (2) five (5) year options Yes, Tenant has a one time right to terminate lease if store sales do not exceed $500,000 for the fifth lease year 46 currently with 40+ in development Minneapolis, MN E 10th Street Investment Opportunity LLOYD COMPANIES INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. 5

5 BUILDING PLAN SIOUX FALLS, SD 3501 E 10th Street Investment Opportunity LLOYD COMPANIES INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. 6

6 3501 E 10th Street SIOUX FALLS, SD 3501 E 10th Street Investment Opportunity LLOYD COMPANIES INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. 7

7 3501 E 10th Street SIOUX FALLS, SD 3501 E 10th Street Investment Opportunity LLOYD COMPANIES INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. 8

8 3501 E 10th Street Sioux Falls, SD MONTANA NORTH DAKOTA MINNESOTA RAPID CITY SOUTH DAKOTA PIERRE ABERDEEN WATERTOWN BROOKINGS SIOUX FALLS WYOMING YANKTONN IOWA NEBRASKA SIOUX FALLS 3501 E 10TH STREET COLORADO 3501 E 10th Street Investment Opportunity LLOYD COMPANIES INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. 9

9 SIOUX FALLS DEMOGRAPHICS 3501 E 10th Street Sioux Falls MSA Demographics POPULATION YEAR SIOUX FALLS MSA* , , , , , ,250 *Prior to December 31, 1992, the Sioux Falls Metropolitan Statistical Area consisted of Minnehaha County. On December 31, 1992, the Federal Office of Management and Budget revised the MSA designation to include Lincoln County. The MSA figures include the counties of McCook & Turner. PROJECTED POPULATION YEAR SIOUX FALLS , , , , ,400 AGE DISTRIBUTION AGE (YEARS) SIOUX FALLS MSA* ,764 49, ,852 95, ,973 57, ,403 24,706 RETAIL SALES As the largest retail center between Denver and the Twin Cities, Sioux Falls offers the consumer a vast selection of goods with thousands of retail stores scattered throughout the metro area. Employing approximately 12.6 percent of the metro labor force, the retail sector has a primary market area of 570,000 consumers and draws shoppers from a four state area. Site Specific Demographics HOLLY PLAZA MULTI-TENANT RETAIL STRIP CENTER ON 41ST STREET LLOYD COMPANIES INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. 10

10 SIOUX FALLS DEMOGRAPHICS 3501 E 10th Street Forbes named Sioux Falls #2 Best Small Places for Business and Careers, #20 in Job Growth, #30 in Cost of Doing Business, #41 in Education and #1 in their 2015 top 10 list of Up and Coming Cities for Recent College Grads. Forbes has also identified Sioux Falls within the top 5 in the nation for Best Small Metro for Business and Careers for twelve straight years. Sioux Falls MSA has the 8th strongest local economy in the US, according to POLICOM Corporation s annual economic strength rankings in WalletHub ranked Sioux Falls #1 in 2014 for Wallet Wellness which gauges the connection between physical, financial and emotional health, #4 as best city for families in 2016, #4 as best city in America to find a job in 2015, and #9 for best-run city in America in League of American Bicyclists recognized Sioux Falls with a bronze-level as a bicycle-friendly community. Sioux Falls was mentioned as one of 25 happiest, healthiest cities in America by Prevention Magazine, winning the all-around healthiest category due to its highest levels of self-reported health. Easy commutes, low crime and unemployment, and good access to health insurance were also highly recognized. Healthline also recognized Sioux Falls among their top 10 list of Healthiest Small Towns in the U.S. in In 2016, MSN Money listed Sioux Falls #10 in this list of the 25 Most Livable Cities in the U.S. Sioux Falls ranked #8 in 2015 for well-being, according to the Gallup- Healthways 2015 Well-Being Index. Livability.com recognized Sioux Falls in the top ten for Best Place to Live in 2015, mentioning its big-city mixture of culture, business and industry. MoneyRates.com classified Sioux Falls as #7 for Best Cities for Young Entrepreneurs, in the top 10 nationally for Young Adult Affluence and #2 for Cities with Favorable Business Tax Climates. HOLLY PLAZA MULTI-TENANT RETAIL STRIP CENTER ON 41ST STREET LLOYD COMPANIES INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. 11