INVESTMENT HIGHLIGHTS: LEASE: SECURE, CORPORATE LEASE WITH NATIONAL TENANT AND STRONG OPERATING HISTORY Rite Aid just exercised its first option period with a rent increase, proving the strength of the location and Rite Aid’s commitment to the site Tenant has over 20 years of successful operating history at the location Recognizable National Brand: Rite Aid has ±2,500 stores across 19 states HIGHLY TRAFFICKED LOCATION IN CLOSE PROXIMITY TO MICHIGAN STATE UNIVERSITY The subject property is just over a mile north of I-496 ±4 miles from Michigan State University, a 5,200-acre Less than 1 mile from Lansing Community College, a 42-acre site in downtown Lansing ±2 miles from Sparrow Hospital, a 733-bed teaching hospital affiliated with Michigan State University Less than 5 miles from Capital Regional International Airport Less than 1.5 miles from the GM Lansing Grand River Assembly, GM’s second newest U.S. assembly plant GROWING AREA WITH PLANNED DEVELOPMENT IN PLACE Commercial developments continue to change the landscape of Lansing with the addition of: Center City District: a large-scale, redevelopment project in the heart of downtown East Lansing, just 4.5 miles from the subject property, which will include a 12-story, 273 residential unit apartment building on E Grand River Ave and a 10-story, 92 active-living residential rental unit building on Albert Ave McLaren Greater Lansing Hospital: the $450 MM development that will consolidate operations of its two South Lansing facilities and will include 240 beds and 18 operating rooms. The project is slated for completion in 2021