Alexandria Retail Center

CONFIDENTIALITY DISCLAIMER

This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the MAJ Commercial Real Estate affiliate or by the Seller.

The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections.

This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent.

Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing.

The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties.

Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.

TABLE OF CONTENTS

MAJ COMMERCIAL REAL ESTATE

MAJ Commercial Real Estate is pleased to present the opportunity to acquire Alexandria Retail Center, a +/-8,740 SF Multi-Tenant Building, that is leased to WingStop, FedEX and Game Stop. Alexandria Retail Center is situated adjacent to Alexandria Mall, which encompasses +/-869,000 SF of shopping center space. This property is ideally located on S MacArthur Dr. in a high barriers to entry market with surrounding businesses that include CVS, Kroger, Burlington Coat Factory, Target, Lowe’s and much more.

Highlights

Lease

GUARANTOR:

Franchising, LLC

COMPANY: Wingstop Restaurants, Inc.

NUMBER OF LOCATIONS: 1,500 +/-

Addison, Texas

2021: $ $282.5 Million

www.wingstop.com

What began as a small buffalo-style chicken wing restaurant in Garland, Texas, continues to soar to great heights. Today there are more than 1,500 restaurants open across the globe.

Wingstop quickly became a fan favorite when we first opened our doors in 1994. Our proprietary recipes, outstanding food and superior customer service created a demand that could only be satisfied by more locations. And in 1997 we began offering franchises. Today we are one of the fastest-growing concepts in the country, attracting top entrepreneurs and operators with the drive and passion to own their own business.

Lease Summary

Drive

Print Services,

LEASE GUARANTOR: FedEx Office and Print Services, INC.

PARENT COMPANY: FedEx Corporation

NUMBER OF LOCATIONS: 18,650 +/-

HEADQUARTERS: Memphis, Tennessee

REVENUE 2021: $ $22.6 Billion

WEBSITE: www.fedex.com

FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational conglomerate holding company focused on transportation, e-commerce and services based in Memphis, Tennessee. The name “FedEx” is a syllabic abbreviation of the name of the company’s original air division, Federal Express, which was used from 1973 until 2000. FedEx today is best known for its air delivery service, FedEx Express, which was one of the first major shipping companies to offer overnight delivery as a flagship service. Since then, FedEx also started FedEx Ground, FedEx Office (originally known as Kinko’s),

FedEx Supply Chain, FedEx Freight, and various other services across multiple subsidiaries, often meant to respond to its main competitor, UPS. FedEx is also one of the top contractors of the US government and assists in the transport of some United States Postal Service packages through their Air Cargo Network contract.

Lease

LEASE GUARANTOR: GameStop, Inc.

PARENT COMPANY: GameStop, Inc.

NUMBER OF LOCATIONS: 4,573 +/-

HEADQUARTERS: Grapevine, Texas

REVENUE 2021: $282.5 Million

www.gamestop.com/

GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine, Texas (a suburb of Dallas), and is the largest video game retailer worldwide. As of 29 January 2022, the company operated 4,573 stores including 3,018 in the United States, 231 in Canada, 417 in Australia and 907 in Europe under the GameStop, EB Games, EB Games Australia, Micromania-Zing, ThinkGeek and Zing Pop Culture brands. The company was founded in Dallas in 1984 as Babbage’s, and took on its current name in 1999.

Aerial

Operating Expenses

Rent Roll

Property Unit(s)

2303 South MacArthur

Lease Lease Type Area Lease From Lease

A Burke Alex Wings, LLC Retail Net 1,750.00 08/25/2021 08/31/2031

Rent Steps

Charge Type Unit Area Label Area retbas Rent A Rentable 1,750.00 retbas Rent A Rentable 1,750.00

Charge Charge Type Unit Area Label Area retbas Rent A Rentable 1,750.00 comare CAM A Rentable 1,750.00 insura CAM A Rentable 1,750.00 reatax CAM A Rentable 1,750.00

Options Type Status Who Date Valid

Renewal Active Tenant 08/31/2031

2303 South MacArthur C GameStop Inc Retail Net 2,000.00 08/05/2005 08/31/2023

Rent Steps Charge Type Unit Area Label Area retbas Rent C Rentable 2,000.00

Charge Charge Type Unit Area Label Area retbas Rent C Rentable 2,000.00 comare CAM C Rentable 2,000.00 insura CAM C Rentable 2,000.00 reatax CAM C Rentable 2,000.00

Options Type Status Who Date Valid

Renewal Active Tenant 08/31/2023

2303 South MacArthur D FedEx Kinko's - Store Retail Net 3,000.00 05/02/2005 05/31/2027

Rent Steps

Charge Type Unit Area Label Area retbas Rent D Rentable 3,000.00 retbas Rent D Rentable 3,000.00

Charge Charge Type Unit Area Label Area retbas Rent D Rentable 3,000.00 comare CAM D Rentable 3,000.00 insura CAM D Rentable 3,000.00 reatax CAM D Rentable 3,000.00

Options Type Status Who Date Valid

Renewal Active Tenant 05/31/2027

2303 South MacArthur B VACANT 1,989.00

Lease To Term

Tenancy Years Monthly Rent

Monthly Rent/ Area Annual Rent Annual Rent/Area

08/31/2031 121 0.83 3,208.33 1.83 38,499.96 22.00

Area From To Monthly Amt Amt/Area Annual Annual/Area 1,750.00 08/25/2021 08/31/2026 3,208.33 1.83 38,499.96 22.00 1,750.00 09/01/2026 08/31/2031 3,368.75 1.92 40,425.00 23.10

Area From To Monthly Amt Amt/Area

Annual Annual/Area 1,750.00 08/25/2021 08/31/2026 3,208.33 1.83 38,499.96 22.00 1,750.00 01/01/2022 08/31/2031 457.74 0.26 5,492.88 3.13 1,750.00 01/01/2022 08/31/2031 135.38 0.07 1,624.56 0.92 1,750.00 01/01/2022 08/31/2031 473.63 0.27 5,683.56 3.24

Valid Till Date Term Earliest Latest Monthly Rent Description 60 03/04/2031

08/31/2023 217 16.83 4,855.00 2.43 58,260.00 29.13

Area From To Monthly Amt Amt/Area Annual Annual/Are a 2,000.00 09/01/2021 08/31/2023 4,855.00 2.42 58,260.00 29.13

Area From To Monthly Amt Amt/Area Annual Annual/Are a 2,000.00 09/01/2021 08/31/2023 4,855.00 2.42 58,260.00 29.13 2,000.00 01/01/2022 08/31/2023 523.14 0.26 6,277.68 3.13 2,000.00 01/01/2022 08/31/2023 154.72 0.07 1,856.64 0.92 2,000.00 01/01/2022 08/31/2023 541.29 0.27 6,495.48 3.24

Valid Till Date Term Earliest Latest Monthly Rent Description 24 06/02/2023 0.00

05/31/2027 265 17.08 6,500.00 2.17 78,000.00 26.00

Area From To Monthly Amt Amt/Area Annual Annual/Are a 3,000.00 06/01/2017 05/31/2022 6,500.00 2.16 78,000.00 26.00 3,000.00 06/01/2022 05/31/2027 7,100.00 2.36 85,200.00 28.40

Area From To Monthly Amt Amt/Area Annual Annual/Are a 3,000.00 06/01/2017 05/31/2022 6,500.00 2.16 78,000.00 26.00 3,000.00 01/01/2022 05/31/2027 784.70 0.26 9,416.40 3.13 3,000.00 01/01/2022 05/31/2027 232.08 0.07 2,784.96 0.92 3,000.00 01/01/2022 05/31/2027 811.94 0.27 9,743.28 3.24

Valid Till Date Term Earliest Latest Monthly Rent Description 120 12/02/2026

Floor Plan

Tenant Space "A-1" 1,749.62 sf

Tenant Space "A-2" 1,989.58 sf

Tenant Space 1,987.45

Space "B" 1,987.45 sf

Tenant Space "C" 3,000.18 sf

Surrounding Retailers

LA

Alexandria is the ninth-largest city in the state of Louisiana and is the parish seat of Rapides Parish, Louisiana, United States. It lies on the south bank of the Red River in almost the exact geographic center of the state. It is the principal city of the Alexandria metropolitan area which encompasses all of Rapides and Grant parishes. Its neighboring city is Pineville.

Situated south of the city, Louisiana State University at Alexandria (or LSUA) is a regional campus of the state’s flagship university system, Louisiana State University. From its establishment in 1959, the campus offered only two-year degrees; students seeking baccalaureate degrees had to commute or move to the main campus in Baton Rouge in order to gain a four-year degree. After 1976, students could either commute or telecommute in order to attend upperlevel courses, including graduate classes. In 2002, following approval by the Louisiana State University Board of Supervisors and the Louisiana Board of Regents the Louisiana Legislature passed legislation allowing LSUA to offer baccalaureate degrees.

The Alexandria Zoological Park is a 33-acre (13 ha) zoo first opened to the public in 1926. Owned by the City of Alexandria and operated by the Division of Public Works, it is home to about 500 animals and includes an award-winning Louisiana Habitat exhibit. The zoo is accredited by the Association of Zoos and Aquariums (AZA) and takes part in about 20 Species Survival Plans (SSP) as part of its conservation efforts.

Cotile Lake is a man-made impoundment located in the uplands approximately 15 miles (24 km) west-northwest of Alexandria, Louisiana. The lake is approximately 1,775 acres (7 km2) in size and was completed in October 1965. The Louisiana Wild Life and Fisheries Commission stocked this impoundment with the proper species and number of game fish in 1965–66 shortly after its completion date. The recreational facilities include a large area cleared and zoned for swimming with complete bath house facilities nearby. There is a water skiing area that is cleared and snagged for safety of the skiers. The picnic and camping areas are modern and complete. There is also space available for campers.

Encompasses a 2,250-acre (9 km2) lake, 100 acres (0.4 km2) of developed recreation facilities and a 250 acres (1.0 km2) primitive camping area all within the Alexander State Forest. The lake, located in central Louisiana, was constructed as a joint venture of the Louisiana Forestry Commission, the Rapides Parish Police Jury, and the Lower West Red River Soil and Water Conservation District as a reservoir for agricultural irrigation in times of need and for recreation purposes.

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