6628 W 10TH STGreeley, CO 80634

Peter Pelusoppeluso@legendLLP.com 720.529.2984

Will Matthewswmatthews@legendLLP.com 720.529.2896

Offering Memorandum

THE OFFERINGLegend Investment Group is pleased to present the opportunity to acquire

a fully occupied strip center in Greeley Colorado. Shadow anchored by

King Soopers, Colorado’s dominant grocer, the center benefits from great

co-tenancy and daily needs traffic. The property is ideally position along

West 10th street offering excellent visibility to the over 23,000 of vehicles

per day.

The property was built in 2013 with all tenants currently in NNN leases

presenting an ideal passive investment opportunity with minimal landlord

responsibilities.

6628 W 10TH ST

W 10th St 23,004 vpd

W 20th St

W 16th St

59

th A

ve10

,99

8 vp

d

71st A

ve5

,50

1 vpd

TWIN RIVERSCOMMUNITY PARK

GROCERY ANCHORED CENTER OUTPARCEL BUILDING

Located in front of a King Soopers anchored center, Colorado’s dominant grocer, the center benefits from great co-tenancy and daily needs traffic.

NNN LEASES WITH MINIMAL MANAGEMENT

All tenants are on NNN leases reimbursing for their Pro Rata share of Taxes, Insurance, and Common Area Maintenance offering an investor with a predictable income stream with minimal management responsibilities.

HIGHLIGHTS

EXCELLENT DEMOGRAPHICS

Average household incomes are above the State average with $97,000 within 1 mile and $93,000 within 3 miles.

EXPLOSIVE GROWTH

Greeley ranked in the Top 10 Fastest Growing Metropolitan Areas in Percentage Growth from 2010-2018.

Income

Scheduled Base Income $150,551

Expense Reimbursements $62,723

Effective Gross Income $213,274

Vacancy Reserve (5%) -$10,664

Gross Effective Income $202,610

Total Operating Expenses -$62,723

Net Operating Income $139,887

Expenses: Projected PSF

Electric $1,350 $0.20

Snow Removal $2,000 $0.30

Lawn Care $2,700 $0.40

Water $7,100 $1.06

Trash $3,200 $0.48

Property Taxes $33,093 $4.94

Insurance $2,700 $0.40

Pest Control $580 $0.09

Fire Alarm $300 $0.04

Telephone for fire alarm $850 $0.13

Grease Trap $850 $0.13

Management Fee - 4% $8,000 $1.20

Total Cost $62,723 $9.37

INVESTMENT SUMMARY

PRICE $2,331,449CAP 6.00%$/SF $348

PROPERTY SUMMARY

NAME NorthGate Village YEAR BUILT 2013

ADDRESS 6628 W 10th StGreeley, CO 80634

PARKING 34 Spaces

BUILDING AREA 6,694 SF PARCEL # 0959-09-2-06-001

LAND AREA 38,507 SF COUNTY Weld

RENT ROLL

TENANT TOTAL SFANNUAL BASE

RENTANNUAL CAM

CURRENT RENT/SF

CURRENT CAM/SF

LEASE TYPELease Term Remaining

Papa Murphy's 1381 $36,597 $12,940 $26.50 $9.37 NNN 3yrs

Dickey's 2857 $58,569 $26,770 $20.50 $9.37 NNN 5yrs

420 Friendly's 1366 $28,681 $12,799 $21.00 $9.37 NNN 3.5yrs

Hiroshi 1090 $26,705 $10,213 $24.50 $9.37 NNN 4.5yrs

Total 6694 $150,551 $62,723 $22.49 $9.37

TENANT SUMMARIES

Hiroshi Teriyaki Grill - previously known as Teriyaki Planet, is a fast-casual Japanese style restaurant with multiple locations in Greeley as well as Johnstown, Colorado. Founded in 1994, Hiroshi Teriyaki Grill has focused on preparing healthy meals while slowly expanding the franchise throughout Colorado.

www.hiroshigrill.com

YEAR FOUNDED | 1994

Papa Murphy’s Take ‘N’ Bake Pizza - is the fifth-largest pizza chain in the United states with over 1,300 locations both nationally and in Canada. Started in 1995 in Petaluma, California, Papa Murphy’s quickly expanded and has since won numerous awards, including Pizza Today’s Chain of the Year in 2001, 2006, 2008, and 2009. In 2011, Papa Murphy’s was ranked No. 5 on Forbes magazine’s list of top 20 restaurant franchises to buy.

www.papamurphys.com

LOCATIONS | 1,300

YEAR FOUNDED | 1995

Dickey’s Barbecue Pit - is a chain store of fast-casual style restaurants and the largest barbecue franchise in the United States. The restaurant chain was founded in Dallas Texas in 1941 and has since expanded to over 560 location in 43 states, as well as its first international location in the United Arab Emirates. Dickey’s Barbecue Pit offers what it calls “six revenue streams,” listed as Dine-In, Online Ordering, Catering, Outside Delivery, Retail Items, and Holiday Meals.

www.dickeys.com

LOCATIONS | 560

YEAR FOUNDED | 1941

420 Friendly’s CBD and Kratom Shop - is a smoke shop specializing in the sale of CBD, glass pipes, and other accessories. Founded in 2018, 420 Friendly’s is quickly becoming Greeley’s best retail shop for all smoke and vape memorabilia.

420-friendlys.business.site

YEAR FOUNDED | 2018

420 Friendly’s

POPULATION 4,817 44,000 103,675

AVG. HOUSEHOLD INCOME $97,206 $93,991 $78,228

HOUSEHOLDS 1,864 16,486 37,784

BUSINESSES 397 1,599 3,726

DAYTIME POPULATION 3,941 34,958 81,717

1 MILE 3 MILE 5 MILEDEMOGRAPHICS

6628 W 10TH ST

Located approximately 50 miles northeast of Denver, at the confluence of the South Platte

and Cache la Poudre rivers, Greeley was primarily an agricultural development, with some

of the first successful irrigated farmland. Agri-business still provides a solid economic basis,

with Weld County (of which Greeley is the county seat) consistently ranking in the top 10

agricultural producing counties in the nation.

Greeley is also home to the University of Northern Colorado, founded in 1889 as the State

Normal School, but is also recognized today for its quality business, performing arts and

nursing programs. The university draws an array of guest artists and speakers who brighten

the cultural landscape. Each spring, one of the nation’s largest jazz festivals has the whole

town tapping its toes.

The city has several other signature events, including August’s AgriCULTURE Fest and

Feast, a celebration of the community’s agricultural heritage, and the Greeley Stampede,

a nearly 100-year-old northern Colorado tradition featuring rodeos, concerts and other fun.

Recognized as a Colorado Certified Creative District, downtown Greeley and surrounding

neighborhoods also hosts year-round happenings. The monthly First Friday art walk is a

favorite with locals and visitors.

GREELEY, COLORADO

As a market, Colorado is continuing to show signs of stability and

positive growth for the future. Colorado was the second-fastest

growing state in terms of population between 2014 and 2015. In

addition to higher-than-average economic performance, the state’s

unique assets include: a good quality of life, low business costs,

and an educated workforce. Colorado’s growing population will

continue to help keep the residential real estate market healthy

and bring more commercial activity state-wide. Currently 682,545

people call Denver home (the 21st most populous city in the U.S.)

with 2.7 million people within the Denver Metro area.

COLORADO

Over the past decade Colorado has continued to excel as one

of the nations top performing economies. According to figures

released by the U.S. Bureau of Economic Analysis, Colorado’s

per-capita disposable income is $52,059, ranking 15th among

the states and 5% higher than the national average. And at

only 2.3%, Colorado has the lowest unemployment

rate in the nation.

In addition to strong consumer spending, economic and

business growth has continued to exceed national averages,

with Colorado ranking 4th in GPD growth and 3rd in

employment growth. Colorado has continued to have higher

levels of new business activity compared to the national

average, and many statistics show Colorado among the top

states for entrepreneurship.

COLORADO ECONOMY

No. 1 economy in the U.S.

- U.S. News and World

Report, 2017

Best place for business

and careers

- Forbes, 2017

Best metro area for

economic & job growth

-Area Development

COLORADO FORTUNE 1000 COMPANIES

COLORADO FORTUNE 500 COMPANIES

Location Overview • 12

Affiliated Business Disclosure and Confidentiality Agreement

This Proposal has been prepared by Legend Investment Group (LIG) for use by a limited number of parties and has been obtained from sources believed reliable.

While we do not doubt its accuracy, we have not verified it, and make no guarantee, warranty or representation about it. It is your responsibility to confirm,

independently, its accuracy and completeness. All projections have been developed by LIG, Owner and designated sources, are based upon assumptions

relating to the general economy, competition, and other factors beyond the control of Owner, and therefore are subject to variation. No representation is made

by LIG or Owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied on as a promise

or representation as to the future performance of the property. Although the information contained herein is believed to be correct, Owner and its employees

disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further,

LIG, Owner and their employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omissions from, the

Proposal or any other written or oral communication transmitted or made available to the recipient. The Proposal does not constitute a representation that there

has been no change in the business or affairs of the property or Owner since the date of preparation of the Proposal. Analysis and verification of the information

contained in the Proposal is solely the responsibility of the prospective purchaser.

Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective investors.

Owner and LIG each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the property and/or

terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligations to any entity reviewing this Proposal

or making an offer to purchase the property unless and until such offer is approved by Owner, a written agreement for the purchase of the property has been

fully executed, delivered and approved by Owner and its legal counsel, and any obligations set by Owner thereunder have been satisfied or waived.

This Proposal and the contents, except such information, which is a matter of public record or is provided in sources available to the public, are of a confidential

nature. By accepting this Proposal , you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not

disclose this Proposal or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or

not to make a proposal and from whom you have obtained an agreement of confidentiality) without the prior written authorization of Owner or LIG and that you

will use the information in this Proposal for the sole purpose of evaluating your interest in the property and you will not use the Proposal or any of the contents

in any fashion or manner detrimental to the interest of Owner or LIG. If you have no interest in the property, please return the Proposal forthwith.

Legend Investment Group5150 E. Yale Circle, Suite 400 • Denver, CO 80222

720.529.2999 • www.legendLLP.com

Peter Pelusoppeluso@legendLLP.com

720.529.2984

Will Matthewswmatthews@legendLLP.com

720.529.2896