JOHN ANDREINI (415) CA BRE# RICK SANNER (415) CA BRE#

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1 verizon wireless (franchisee) Representative Photo NN Verizon across from walmart supercenter NEC Rinconada Blvd & Northrise Drive, Las Cruces, NM JOHN ANDREINI (415) CA BRE# RICK SANNER (415) CA BRE# BOB SANNER (415) CA BRE# CHRIS KOSTANECKI (415) CA BRE# ZEB RIPPLE (415) CA BRE# CHRIS PETERS (415) CA BRE# In Association with: Sean McMullan, NM Licensed Broker. (505) / sean@mcmullanrealestate.com

2 NEW BUILD-TO-SUIT VERIZON WIRELESS IN BOOMING TRADE AREA Investment Highlights PURCHASE PRICE... $582,192 CAP RATE % YEAR ONE NOI...$42,500 RENTABLE SF... 2,012 SF LAND AREA Acres PROPERTY HIGHLIGHTS > Excellent retail location directly across from recently opened Walmart Supercenter, Walgreens, and Murphy Oil > Freeway visibility with access from off ramp > Very low rent and price point > 13% projected population growth in a 1-mile radius TENANT - CREDIT Corporate Information: > 2012 Revenues of $120 billion > 2012 operating cash flow of $38.2B Franchisee (I d Go Wireless): > Upgraded to premium retailer, which requires other franchisee in their territories to buy products from them > Has 10 locations LEASE DETAILS > New 10-year lease > 10% rental increases in year 6 and in the 3 five year option periods > Tenant responsible HVAC and interior non-structural elements > Landlord responsible for roof & structure Area Retail VERIZON WIRELESS 2

3 se thri NorDrive 70 S onom a Ranc h Boul 3,032 ada con d Rin ulevar Bo Aerial evard DAILY N se thri ILY No r e t Stre 786 DA 33, MESILLA VALLEY MALL Park runner N Road 84 DAILY way 3,4 32, ain S tr Washington Elementary School Las Cruces High School 342 eet 27,6 14 DA IL Y E University A venue NM Dona Ana Elementary School S M ain MacArthur Middle School 342 S t re e t A m a d o r Ro a d nue 28 Mayfield High School W Picacho Ave Jornada Elementary School E Lohman Ave Hermosa Heights School nue DAILY VERIZON WIRELESS 3

4 Representative Photo Income & Expense PRICE $582,192 Price Per Square Foot: $ Capitalization Rate: 7.30% Total Rentable Area (SF): 2,012 Lot Size (Acres): 0.27 Year Built: 2014 STABILIZED INCOME Per Square Foot Scheduled Rent $21.12 $42,500 Effective Gross Income $21.12 $42,500 LESS Per Square Foot Taxes NN $0.00 Insurance NN $0.00 Total Operating Expenses $0.00 EQUALS NET OPERATING INCOME $42,500 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. VERIZON WIRELESS 4

5 Rent Roll TENANT INFO LEASE TERMS RENT SUMMARY Tenant Name Sq. Ft. Term Current Rent Monthly Rent Yearly Rent Monthly Rent/FT Yearly Rent/FT Verizon 2, $42,500 $3,542 $42,500 $1.76 $ $3,896 $46,750 $1.94 $23.24 Option $4,285 $51,524 $2.13 $25.56 Option $4,714 $56,568 $2.34 $28.12 Option $5,185 $62,224 $2.58 $30.93 Current Totals: 2,012 $42,500 $3,542 $42,500 $1.76 $21.12 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. Representative Photo VERIZON WIRELESS 5

6 Directly across the street Area Retail Directly across the street Across the street Directly across the street VERIZON WIRELESS 6

7 Tenant Verizon Wireless Verizon Communications Inc, headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America s most reliable wireless network, serving more than 101 million customers nationwide. Globally, they offer voice and data services in more than 200 countries. Verizon Wireless employs 71,900 people and has 1,900+ companyoperated retail locations in the US. In the second-quarter 2013, Verizon Wireless reported total revenues of $20 billion, up 7.5% year-over-year. NASDAQ VOD 2012 REVENUE $75.9 BILLION S&P CREDIT RATING BBB+ (Outlook Stable) Representative Photo VERIZON WIRELESS 7

8 Regional Map HIGH VISIBILITY LOCATION AT MAJOR INTERSECTION WHERE 3 NEW RETAIL DEVELOPMENTS HAVE BEEN COMPLETED THIS YEAR VERIZON WIRELESS VERIZON WIRELESS 8

9 Proposed Conceptual Plan VERIZON WIRELESS 9

10 Elevations VERIZON WIRELESS 10

11 Las Cruces, NM Las Cruces, also known as The City of the Crosses, is the county seat of Doña Ana County, New Mexico, United States. The population was 97,618 in 2010 according to the 2010 Census, making it the second largest city in the state. Las Cruces is one of the fastest-growing metro area in New Mexico and among the top 10 in the United States. The median age is younger than the state or national average, providing a prime, mostly bilingual, labor source. The four mainstays of the local economy are agriculture, commerce, education, and defense/aerospace. Since World War II, federal, state, and local government have become the main sources of jobs in the area, due to the proximity of New Mexico State University (NMSU) and White Sands Missile Range. NMSU is the city s largest employer, and it also provides training and education for research facilities at White Sands. White Sands Missile Range is the Army s largest installation, and the largest military installation in the Western Hemisphere covering more than 2.2 million acres, and is used by the Navy, Air Force, and NASA. Other government agencies, universities, private industries, and even foreign militaries conduct research there as well. Demographics Population 1 Mile 3 Miles 5 Miles 2010 Population 3,564 39,194 95, Population 3,947 41,591 99, Population (Projection) 4,566 46, , Income 2012 Average Household Income $59,215 $56,549 $49, Median Household Income $49,075 $45,626 $38,688 Top Employers in Las Cruces Employer # of Employees (Approx.) New Mexico State University 6,500 White Sands Missile Range 4,500 Las Cruces Public Schools 3,000 Gasden Independent Schools 1,500 City of Las Cruces 1,500 Copyright 2013 [Capital Pacific Real Estate Brokerage Company] VERIZON WIRELESS 11