RARE OPPORTUNITY TO PURCHASE FREEWAY-VISIBLE BIG BOX ASSET IN REGIONAL TRADE AREA WELL BELOW MARKET RENT NNN LEASE RARE OPPORTUNITY TO PURCHASE FREEWAY-VISIBLE BIG BOX ASSET IN REGIONAL TRADE AREA J.C. Penney Long Operating History at the Location The Tenant has been operating at this location since 2005, providing a twenty-year operating history Versatile Building with Potential For Multitude of Uses With 104,880 SF of air-conditioned space, +/- 20.5 foot clear heights, and two recessed loading docs, this building is prepared for a multitude of different uses. Significantly Below Replacement Cost A like-kind building would cost significantly more to construct in today’s market, providing embeded value and downside protection to the asset. Purchase of the fully-improved land with building for less than $30.00 per square foot. Future Upside Potential The existing net operating income is well below current market rates for like kind spaces. Ability to demise the space into 20,000 to 50,000 square foot spaces for additional rental upside in today’s market. cash-flow potential. Located in the Ahwatukee submarket of Phoenix, AZ Ahwatukee is one of the most highly sought after submarkets in the state of Arizona. Entrance to Ahwatukee, leading to heavy traffic flow to and from this location from residents of Ahwatukee, Tempe and Chandler. Heavily Visited Retail Cooridor Over 12m annual visits to Foothills Park Place and Ahwatukee Foothills Towne Center power centers at the intersection. In-Fill Location with High Barriers to Entry The subject property is located in an in-fill location of the Ahwatukee submarket of the Greater Phoenix Metropolitain area. Rare Direct Freeway Visibility to Exceptional Traffic Counts The JC Penney’s box is strategically located on the hard corner of the Interstate 10 and Ray Road with nearly 230,000 cars per day. Heavily trafficked section of the Interestate 10 with over 187,000 cars per day, and over 13,000 cars using this leg of the Ray Road exit. Strong Trade Area Demographics Average Household Incomes in a Three-Mile Radius are over $133,000. Daytime population of 214,000 in a Five-Mile radius of the asset.