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Asset Summary Report

Eastgate Shopping C t 2830 (2836) North Ave

Grand Junction, CO 81501

Eastgate Shopping Center 2830 (2836) North AveGrand Junction, CO 81501

Retail Asset Summary Report

Eastgate Shopping Center(A value – add / Re-development opportunity)

2830 North Ave.Grand Junction, CO 81501

INVESTMENT DETAILS

Property Address 2830 (2836) North Ave Number of Units/Suites 15Property Type/Subtype Retail Assessor's Parcel Number 2943-073-17-001

Year Built 1972 Lot Size (Acres) 12.16Gross Square Footage 144,147 Occupancy 83.92%Net Rentable Area 144,147 Occupancy As of Date 3/27/17Number of Buildings 1 Most Recent NOI* $600,000Number of Stories 1 Year One As-Is NOI** $635,000

*NAV: Not Available NAP: Not Applicable

EASTGATE SHOPPING CENTER

INVESTMENT OVERVIEW

The opportunity is a 144,147 sq. ft., multi-tenant, retail property located in Grand Junction, Colorado and situatedon one parcel totaling 12.16 acres at 2830 North Avenue, northeast of downtown Grand Junction. The Propertyhas over 650 feet of frontage on the North Avenue Corridor. North Avenue is going through a major revitalizationin which business and property owners are eligible for grants:

http://www.gjcity.org/Economic_Development/content/News/Grants_available_for_North_Avenue_business_revitalization/

Per the county accessor, the alias address for the Property is 2836 North Avenue. The Property is located on NorthAve just west of a Wal-Mart Supercenter. Constructed in 1972; renovated in 2001, 2003, and 2013 in which 100,000sq. ft. of the roof was replaced. The improvements are currently 83.92% leased by nine tenants with 705 surfaceparking spaces (4.89/1,000 sq. ft.). StarTek USA (37.8% NRA; 48.9% of gross rents) and Sears Outlet Stores (29.1%NRA; 24.4% of gross rents) are the largest tenants at the Property, together they occupy 66.9% NRA and accountfor 73.3% of gross rents. StarTek USA is an international business process outsourcing company with 20 locationsworldwide and has occupied the Property for 16 years. Sears Outlet Stores specializes in home appliances,household goods, and lawn & garden equipment, as well as fitness equipment, tools and electronics. SearsOutlet and Startek are publicly-traded companies and Startek has over 750 employees in the Eastgate ShoppingCenter location. Startek is traded at NYSE and symbol is SRT. Sears Outlet is traded at Nasdaq and symbol is SHOS.

The Property benefits from its position on North Avenue- the area's primary retail thoroughfare- which providesconvenient access to nearby Colorado Mesa University and Interstate 70 Business, which provides a direct routeto Interstate 70 to the northeast. The immediate vicinity is a densely populated residential neighborhood with avariety of commercial uses concentrated along North Ave. The Property is located approximately three milesnortheast of downtown Grand Junction, three miles east of Colorado Mesa University, five miles south of GrandJunction Regional Airport and four miles east of Mesa Mall. Grand Junction is a 38.6-square mile city which boastsa healthy retail and professional community. Immediate retailers in the area include Walmart Supercenter,O’Reilly Auto Parts, Auto Zone, Walgreens, Kmart, Texas Roadhouse, McDonald’s, Village Inn, and Spring Hill SuitesGrand Junction Downtown.

The most recent NOI as of December 31, 2016 was $600,000 with a Year One As-Is NOI of $635,000. The investmentoffers potential upside with the opportunity to lease up 23,172 sq. ft. of vacant space at market rates.

INVESTMENTOVERVIEW

*Most Recent NOI: Reflects year ended 12/31/2016.**Year One As-Is NOI: Reflects current in-place rent for the next 12 months and 2016 actual expenses.

Price:

2016 NOI:

CAP:

(Pro-forma) 2017 NOI:

Price per sq. ft. (Structure):

Price per sq. ft. (Land):

$4,350,000

$600,000

13.8

(14.6) $635,000

$30

$8.20

INVESTMENT HIGHLIGHTS:

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AREA MAPS

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**Insert Local Map Here

EASTGATE SHOPPING CENTER INVESTMENT OVERVIEW

Local

Regional

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AREA MAPS




Local

Regional

5

AERIAL PHOTOS




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AERIAL PHOTOS




PROPERTY DESCRIPTION

PROPERTY SPECIFICATIONS

Property Address 2830 (2836) North Ave Building Class NAVCity, ST ZIP Grand Junction, CO 81501 Gross Square Footage 144,147

County Mesa Net Rentable Area 144,147Property Type/Subtype Retail Number of Bldgs. 1

Number of Stories 1Number of Units/Suites 15

SITE DESCRIPTION

Lot Size (Acres) 12.16 Access Curb cuts via North Ave and via 281/4 Rd

Parking Type Surface Traffic Counts (VPD) 27,749 ( North Ave/281/4 Rd)

Parking Spaces 705 Landscaping Trees, shrubs, and grassParking Ratio 4.89 Flood Zone No, Zone X

Zoning C-1, Commercial Parking Surface Asphalt Assessor's Parcel

NumberExterior Lighting Pole and building mounted


2943-073-17-001

PROPERTYOVERVIEW

Eastgate Shopping Center (the "Property") consists of one, single-story building totaling approximately 144,147 sq. ft.located in Grand Junction, Colorado. The Property is situated on one parcel totaling 12.16 acres of land at 2830North Avenue, approximately three miles northeast of downtown Grand Junction. Per the county accessor, thealias address for the Property is 2836 North Avenue. Constructed in 1972, the Property offers 705 surface parkingspaces (4.89/1,000 sq. ft.).

The largest tentant, Star Tek (37.8% NRA; 48.9% of gross rents), has been in occupancy for approximately 16 years with a current lease expiration of January 2018. The second largest tenant, Sears Outlet Stores LLc (29.1% of NRA; 24.4% of gross rents), has been in occupancy since July 2013 with a current lease expiration of February 2019.

Access to the Property is provided by North Avenue. The Property is located approximately five miles south ofInterstate 70 which provides access to Denver, Colorado to the northeast and the Utah state border to the west.Interstate 70 intersects with Interstate15 approximately 230 miles west of the Property. Surrounding land uses consistprimarily of retail and residential development. Nearby restaurants and lodging include the Spring Hill Suites GrandJunction Downtown, Texas Roadhouse, The Ale House, and McDonald’s, all located less than a ten minute drivefrom the Property. The Grand Junction Regional Airport is located approximately five miles north of the Property.

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PROPERTY PHOTOS

EASTGATE SHOPPING CENTER PROPERTYOVERVIEW

7

PROPERTY PHOTOS

EASTGATE SHOPPING CENTER PROPERTYOVERVIEW

MARKET HIGHLIGHTS

MARKET DETAILS

DEMOGRAPHICS

EASTGATE SHOPPING CENTER MARKET

OVERVIEW

• The estimated 2017 population within a three mile radius of the Property is 66,640.• The population within a one, three, and five-mile radius is projected to grow by 1.30%, 2.19%, and 2.62%,

respectively between 2016 and 2021.• Average household income within a one, three, and five-mile radius of the property is estimated at $39,500,

$57,574, and $59,976, respectively for 2017.

The Property is located in Grand Junction, Colorado in Mesa County, which is approximately three miles west ofColorado Mesa University and roughly five miles south of Interstate 70. Interstate 70 is a major east-west route thatprovides access to several major cities from Cove Fort, Utah to Baltimore,Maryland.

The dominant employment sectors in the Grand Junction, Colorado market include education, health services, MesaCounty, government jobs, and the customer service industry. According to the Grand Junction Chamber ofCommerce, some of the largest employers in the area include Mesa County Valley School District, St. Mary’s Hospital& Regional Medical Center, Mesa County, State of Colorado, and Star Tek USA Inc. Star Tek currently occupies thelargest suite in the Eastgate shopping center.

In addition to offering a diverse workforce, Grand Junction offers a variety of area attractions such as outdoorrecreation, arts and culture, and entertainment for the entire family. Grand Junction is located on the banks of theColorado River offering beautiful views and a number of outdoor activities. Outdoor enthusiast can enjoy hiking,rafting, kayaking, mountain biking and paddle board in the many parks and lakes the area has to offer. Grand MesaNational Forest is located approximately 50 miles east of the property. Grand Junction is also home to several artgalleries, museums, theaters, and a botanical garden. In addition, Grand Junction hosts several local events for theentire family; from farmers markets, baseball games, and special events at the Dinosaur Journey Museum andMuseum of the West.

The estimated 2017 population for the one, three, and five-mile radius is 9,998, 66,640, and 102,681, respectively.Since 2000, the population within a one, three, and five-mile radius of the Property has experienced an averageannual growth rate of 0.79%, 1.39%, and 1.53%, respectively. The annual projected growth rate over the next fiveyears within the one, three, and five-mile radius of the Property is 0.26%, 0.44%, and 0.52%, respectively.Comparatively, the projected growth rates of Mesa County, the SMA, and the state of Colorado over the next fiveyears are 0.58%, 0.58%, and 1.32%, respectively. The estimated 2017 average household income for the one, three,and five-mile radius of the Property is $39,500, $57,574, and $59,976, respectively. Comparatively, the averagehousehold income for Mesa County, the SMA, and the state of Colorado are $65,335, $65,335, and $83,805,respectively.

Population (2017 Est.) 9,998 66,640 102,681

2016 - 2021 Forecasted Change (%) 1.30% 2.19% 2.62%

Average Household Income $39,500 $57,574 $59,976

Median Household Income $31,921 $44,403 $45,697

# of Persons per Household 2.25 2.33 2.42

Median Age of Population/Distribution by Age 34.1 36.1 36.4

Percent of owned residences 50.78% 63.19% 67.08%Source: Claritas 2016

Demographics 1 Mile 3 Mile 5 Mile

MARKET HIGHLIGHTS

MARKET DETAILS

DEMOGRAPHICS

EASTGATE SHOPPING CENTER MARKET

OVERVIEW

• The estimated 2017 population within a three mile radius of the Property is 66,640.• The population within a one, three, and five-mile radius is projected to grow by 1.30%, 2.19%, and 2.62%,

respectively between 2016 and 2021.• Average household income within a one, three, and five-mile radius of the property is estimated at $39,500,

$57,574, and $59,976, respectively for 2017.

The Property is located in Grand Junction, Colorado in Mesa County, which is approximately three miles west ofColorado Mesa University and roughly five miles south of Interstate 70. Interstate 70 is a major east-west route thatprovides access to several major cities from Cove Fort, Utah to Baltimore,Maryland.

The dominant employment sectors in the Grand Junction, Colorado market include education, health services, MesaCounty, government jobs, and the customer service industry. According to the Grand Junction Chamber ofCommerce, some of the largest employers in the area include Mesa County Valley School District, St. Mary’s Hospital& Regional Medical Center, Mesa County, State of Colorado, and Star Tek USA Inc. Star Tek currently occupies thelargest suite in the Eastgate shopping center.

In addition to offering a diverse workforce, Grand Junction offers a variety of area attractions such as outdoorrecreation, arts and culture, and entertainment for the entire family. Grand Junction is located on the banks of theColorado River offering beautiful views and a number of outdoor activities. Outdoor enthusiast can enjoy hiking,rafting, kayaking, mountain biking and paddle board in the many parks and lakes the area has to offer. Grand MesaNational Forest is located approximately 50 miles east of the property. Grand Junction is also home to several artgalleries, museums, theaters, and a botanical garden. In addition, Grand Junction hosts several local events for theentire family; from farmers markets, baseball games, and special events at the Dinosaur Journey Museum andMuseum of the West.

The estimated 2017 population for the one, three, and five-mile radius is 9,998, 66,640, and 102,681, respectively.Since 2000, the population within a one, three, and five-mile radius of the Property has experienced an averageannual growth rate of 0.79%, 1.39%, and 1.53%, respectively. The annual projected growth rate over the next fiveyears within the one, three, and five-mile radius of the Property is 0.26%, 0.44%, and 0.52%, respectively.Comparatively, the projected growth rates of Mesa County, the SMA, and the state of Colorado over the next fiveyears are 0.58%, 0.58%, and 1.32%, respectively. The estimated 2017 average household income for the one, three,and five-mile radius of the Property is $39,500, $57,574, and $59,976, respectively. Comparatively, the averagehousehold income for Mesa County, the SMA, and the state of Colorado are $65,335, $65,335, and $83,805,respectively.

Population (2017 Est.) 9,998 66,640 102,681

2016 - 2021 Forecasted Change (%) 1.30% 2.19% 2.62%

Average Household Income $39,500 $57,574 $59,976

Median Household Income $31,921 $44,403 $45,697

# of Persons per Household 2.25 2.33 2.42

Median Age of Population/Distribution by Age 34.1 36.1 36.4

Percent of owned residences 50.78% 63.19% 67.08%Source: Claritas 2016

Demographics 1 Mile 3 Mile 5 Mile

Period to Date % Year to Date % INCOME

RENT INCOME Rent 741,169.26 78.59 741,169.26 78.59 CAM Income 105,367.54 11.17 105,367.54 11.17 TAX Income 60,263.89 6.39 60,263.89 6.39 INS Income 13,702.88 1.45 13,702.88 1.45 WST Income 9,489.17 1.01 9,489.17 1.01 Equipment Rental 3,007.69 0.32 3,007.69 0.32 Prepaid Income 16.22 0.00 16.22 0.00 SUB-TOTAL INCOME 933,016.65 98.93 933,016.65 98.93

EXPENSE REIMBURSEMENT Maintenance Reimbursement 4,297.44 0.46 4,297.44 0.46 GE Reimbursement 4,192.68 0.44 4,192.68 0.44 TOTAL REIMBURSEMENT 8,490.12 0.90 8,490.12 0.90

OTHER INCOME Miscellaneous Income 47.85 0.01 47.85 0.01 Late Fee 1,535.95 0.16 1,535.95 0.16 TOTAL OTHER INCOME 1,583.80 0.17 1,583.80 0.17

TOTAL INCOME 943,090.57 100.00 943,090.57 100.00

EXPENSES

OPERATING EXPENSES Repair & Maintenance 43,562.75 4.62 43,562.75 4.62 Painting 17,740.00 1.88 17,740.00 1.88 HVAC 1,386.29 0.15 1,386.29 0.15 Landscape Maintenance-Contract 4,735.00 0.50 4,735.00 0.50 Landscaping/Irrigation Repair 1,902.50 0.20 1,902.50 0.20 Grounds 23,644.32 2.51 23,644.32 2.51 Snow Removal 16,926.94 1.79 16,926.94 1.79 Parking Lot 27,108.94 2.87 27,108.94 2.87 Management 40,764.32 4.32 40,764.32 4.32 Security Service 1,300.00 0.14 1,300.00 0.14 Alarm Monitoring 531.00 0.06 531.00 0.06 Alarm Line 2,818.72 0.30 2,818.72 0.30 Security-Protection 216.76 0.02 216.76 0.02 Insurance 26,726.00 2.83 26,726.00 2.83 Property Tax 132,665.56 14.07 132,665.56 14.07 Miscellaneous Common 108.00 0.01 108.00 0.01 Electricity 4,071.85 0.43 4,071.85 0.43 TOTAL OPERATING EXPENSES 328,468.95 36.71 346,208.95 36.71

GENERAL & ADMINISTRATIVE Legal 11,405.20 1.21 11,405.20 1.21

TOTAL G & A EXPENSE 11,405.20 1.21 11,405.20 1.21

OWNERS EXPENSE Owner Utilities 4,712.15 0.50 4,712.15 0.50 Owner Maintenance 1,891.15 0.20 1,891.15 0.20 Leasing Commissions 44,931.49 4.76 44,931.49 4.76

Eastgate Shopping Center (eastgate) Page 1

Income StatementPeriod = Jan 2016-Dec 2016Book = Cash ; Tree = ysi_is

Wednesday, April 19, 201701:09 PM





TOTAL INCOME 943,090.57 100.00 943,090.57 100.00

EXPENSES



TOTAL G & A EXPENSE 11,405.20 1.21 11,405.20 1.21









TOTAL INCOME 943,090.57 100.00 943,090.57 100.00

EXPENSES



TOTAL G & A EXPENSE 11,405.20 1.21 11,405.20 1.21





Net Income $604,547.70

ACTUAL 2016 INCOME

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RENT ROLL

ROLLOVER SCHEDULE


RENT ROLL

Notes:• Rent roll as of August 2016.• Unit 6A TMPT F8, Inc. - dba Rib City is in the process of finalizing a 10-year lease and spending

over $150,000 in this Rib City BBQ location.• The tenant listed on the rent roll in suite 3D, recently vacated.

1, 2 StarTek USA Retail 54,475 37.79% 10/1/2010 1/31/2018 $400,391 $7.35 48.86%

1A Jewel Phillips - dba Hair Razors Retail 1,200 0.83% 5/1/2016 6/30/2019 $12,000 $10.00 1.46%

1C Western CO Financial Services - dba H & R Block Retail 3,300 2.29% 5/1/2010 4/30/2020 $33,000 $10.00 4.03%

1D Carpetland - dba Carpetland Retail 8,250 5.72% 4/1/2011 10/31/2018 $49,500 $6.00 6.04%

2C Trey Franzoy - dba Charlie Cheddas Retail 3,000 2.08% 6/1/2016 5/31/2021 $33,000 $11.00 4.03%

3B Sears Outlet Stores LLC Retail 42,000 29.14% 2/20/2014 2/28/2019 $200,000 $4.76 24.40%

3C DeAnn Ritter - dba Todays Imagine Home Furnishings Retail 4,000 2.77% 9/1/2013 8/31/2018 $33,600 $8.40 4.10%

3D VACANT Retail 1,500 1.04% Vacant Vacant $0 $0.00 0.00%

5A Grand Junction Hookah Longe - dba Grand Junction Hookah Retail 2,000 1.39% 10/1/2010 9/30/2019 $22,800 $11.40 2.78%

6A TMPT F8, Inc. - dba Rib City Retail 2,750 1.91% 6/1/2009 8/31/2026 $35,241 $12.81 4.30%

3A VACANT Retail 16,672 11.57% Vacant Vacant $0 $0.00 0.00%

4B VACANT Retail 1,500 1.04% Vacant Vacant $0 $0.00 0.00%



120,975 83.92% $819,533 $6.77 100.00%

23,172 16.08% $0 $0.00 0.00%

144,147 100.00% $819,533 $5.69 100.00%

Unit/Suite No.

Tenant NameTenant Type

Sq. Ft.

Vacant

Total

% of Total Sq.

Ft.

Lease Start

Lease End Annual RentAnnual

Rent per Sq. Ft.

% of Total Revenue

Leased

MTM 0 0 0.0% 0 0.0% $0 $0.00

2016 1 2,000 1.4% 2,000 1.4% $22,800 $11.40

2017 0 0 0.0% 2,000 1.4% $0 $0.00

2018 3 66,725 46.3% 68,725 47.7% $483,491 $7.25

2019 2 43,200 30.0% 111,925 77.6% $212,000 $4.91

2020 1 3,300 2.3% 115,225 79.9% $33,000 $10.00

Thereafter 2 5,750 4.0% 120,975 83.9% $68,241 $11.87

Vacant 5 23,172 16.1% 144,147 100.0% $0 $0.00

Totals / Wtd. Avg. 14 144,147 100% 144,147 100.00% $819,533 $5.69

No. of Tenants Expiring

YearExpiring

Sq. Ft.% of Total

Sq. Ft.

Cumulative of Total

Sq. Ft.

Cumulative % of Total Sq.

Ft.

Annual Base Rent Per Sq.

Ft.Annual Base Rent

9

RENT ROLL

ROLLOVER SCHEDULE


RENT ROLL

















120,975 83.92% $819,533 $6.77 100.00%

23,172 16.08% $0 $0.00 0.00%

144,147 100.00% $819,533 $5.69 100.00%

Unit/Suite No.


Sq. Ft.

Vacant

Total

% of Total Sq.

Ft.

Lease Start


Rent per Sq. Ft.

% of Total Revenue

Leased

MTM 0 0 0.0% 0 0.0% $0 $0.00

2016 1 2,000 1.4% 2,000 1.4% $22,800 $11.40

2017 0 0 0.0% 2,000 1.4% $0 $0.00

2018 3 66,725 46.3% 68,725 47.7% $483,491 $7.25

2019 2 43,200 30.0% 111,925 77.6% $212,000 $4.91

2020 1 3,300 2.3% 115,225 79.9% $33,000 $10.00

Thereafter 2 5,750 4.0% 120,975 83.9% $68,241 $11.87

Vacant 5 23,172 16.1% 144,147 100.0% $0 $0.00

Totals / Wtd. Avg. 14 144,147 100% 144,147 100.00% $819,533 $5.69


YearExpiring

Sq. Ft.% of Total

Sq. Ft.

Cumulative of Total

Sq. Ft.


Ft.


Ft.Annual Base Rent

9

RENT ROLL

ROLLOVER SCHEDULE


RENT ROLL

















120,975 83.92% $819,533 $6.77 100.00%

23,172 16.08% $0 $0.00 0.00%

144,147 100.00% $819,533 $5.69 100.00%

Unit/Suite No.


Sq. Ft.

Vacant

Total

% of Total Sq.

Ft.

Lease Start


Rent per Sq. Ft.

% of Total Revenue

Leased

MTM 0 0 0.0% 0 0.0% $0 $0.00

2016 1 2,000 1.4% 2,000 1.4% $22,800 $11.40

2017 0 0 0.0% 2,000 1.4% $0 $0.00

2018 3 66,725 46.3% 68,725 47.7% $483,491 $7.25

2019 2 43,200 30.0% 111,925 77.6% $212,000 $4.91

2020 1 3,300 2.3% 115,225 79.9% $33,000 $10.00

Thereafter 2 5,750 4.0% 120,975 83.9% $68,241 $11.87

Vacant 5 23,172 16.1% 144,147 100.0% $0 $0.00

Totals / Wtd. Avg. 14 144,147 100% 144,147 100.00% $819,533 $5.69


YearExpiring

Sq. Ft.% of Total

Sq. Ft.

Cumulative of Total

Sq. Ft.


Ft.


Ft.Annual Base Rent

MAJOR TENANTS

Sears Outlet stores are designed to provide in-store and online access to purchase outlet-value products across a broad assortment of merchandise categories, including home appliances, lawn and garden equipment, apparel, sporting goods, tools, household goods, and consumer electronics at prices that are significantly lower than manufacturers’ suggested retail prices. Outlet-value products are generally covered by a manufacturer’s warranty, and Sears Outlet also offers a full suite of product protection plans and services options.

NASDAQ Stock Symbol: SHOS

Sears Outlet stores are independently owned and operated under license from Sears, Roebuck and Co.The SEARS mark is a service mark of Sears Brands, LLC

www.searsoutlet.com

StarTek, Inc., incorporated on December 30, 1996, is a customer engagement business pro-cess outsourcing (BPO) services provider. The Company operates through three segments: Domestic, Nearshore and Offshore. As of December 31, 2016, its Domestic segment included the operations of 13 facilities in the United States and one facility in Canada; its Offshore segment included the operations of four facilities in the Philippines, and its Nearshore segment included the operations of two facilities in Honduras and one facility in Jamaica.

(Source: Reuters)

NYSE Stock Symbol: SRT

www.startek.com

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LEASE ABSTRACTS

EASTGATE SHOPPING CENTER DUE DILIGENCE

OVERVIEW

These Summaries are to be considered solely as an overview document summarizing certainmaterial economic terms of the leases and necessarily contain abridgements and paraphrasingfrom the leases, which are substantially larger and more detailed. As such, these summaries areintended to be read in conjunction with the leases and not in isolation. Additionally, thesesummaries are not a legal analysis and the leases have not been subjected to any legal review.Legal counsel should be separately consulted for any such review. No representation or warranty ismade as to the completeness of any documents reviewed or the existence or nonexistence of anyother documents that purport to modify, amend, supplement or supercede the documentsreviewed.

T Tenant LY Lease YearLL Landlord FMV Fair Market ValueLCD Lease Commencement Date ROFR Right of First RefusalRR Rent Roll ROFO Right of First OfferPRS Prorated Share NAV Not Available

Key

Space # Unit 1

Property 2830 North Avenue

Tenant StarTek

Lease Square Footage 54,475

Lease Commencement Date (LCD) 10/01/00

Lease Expiration Date (LED) 01/31/18

Renewal Option(s)One 2-yr option w/ 6-12 mos notice at FMV.

(3rd Am 2/§2)

Lease Annual Rent $400,391.25

Date: Rent Increase/Decrease ($) None

Other Income (e.g. Promo)

Parking: LL to prov ide T w/ 188 Parking Spaces (30 at the front of the Premises, 47 on the west side of the Premises and 111 at rear of Eastgate SC) , plus add'l

25 spaces as of 11/01/15.

Percentage Rent (% over $) None

Real Estate Taxes Gross

Insurance Gross

CAM Gross

Mgmt/Admin Fees Admin Fee of 15% of CAM is included in CAM.

UtilitiesPremises: T pays

Common Areas: Included in CAM

Co-Tenancy (Y/N, if Y, cite) No

Purchase Rights/ROFR/ROFO (Y/N, cite) No

T Right to Terminate None

Comments This is a Gross Lease per 2nd Am 1-2/§1

IssuesDiscrepancy as to LCD b/w Lease (10/01/00) and RR

(10/01/10).

Tenant Reimbursements

11

LEASE ABSTRACTS


OVERVIEW



Key

Space # Unit 1


Tenant StarTek





(3rd Am 2/§2)








Insurance Gross

CAM Gross









(10/01/10).


11

LEASE ABSTRACTS


OVERVIEW



Key

Space # Unit 1


Tenant StarTek





(3rd Am 2/§2)








Insurance Gross

CAM Gross









(10/01/10).


STARTEK

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LEASE ABSTRACTS


OVERVIEW



Key

Space # #2


Tenant Sears Outlet

Lease Square Footage 42,000 approx.



Renewal Option(s)

Two 5-yr options w/ 6 mos' notice, prov ided that if T fails to give notice LL shall prov ide reminder to T and T has not later than 30 days after receipt of reminder to

extend at following Rent:3/01/19: $220,000.00/yr3/01/24: $260,000.00/yr

(5/§3(g) &§4)



Other Income (e.g. Promo) None


Real Estate Taxes

T pays PRS.Taxes may include tax on sale, transfer or assignment of title or estate of LL in Entire Tract one time per five-

yr period; however, taxes may not include any increase caused by reassessment of Entire Parcel

resulting from change in ownership or transfer.

Insurance T pays PRS

CAMT pays PRS which is capped at increase of 5% per

year over prior yr.

Mgmt/Admin FeesLL may charge an admin fee or a mgmt fee, but not

both, in amount NTE 15% of CAM.

UtilitiesPremises: T pays. Utilities to be separately metered.




T Right to Terminate

Exclusive: T has exclusive right to sell, serv ice and store household appliances, including,but not limited to washers, dryers, refrigerators, freezers, ovens and

ranges. I f LL v iolates T's exclusive, T has right to reduce base rent by 50% until cured, but not to

exceed one year. After such one-yr period, T may terminate or carry on and pay full rent due under

Lease.(26/§21)

Comments None

IssuesDiscrepancy as to Space # b/w Lease (#2) and RR

(3B)


12

LEASE ABSTRACTS


OVERVIEW



Key

Space # #2


Tenant Sears Outlet




Renewal Option(s)



(5/§3(g) &§4)





Real Estate Taxes






year over prior yr.











Lease.(26/§21)

Comments None


(3B)


SEARS OUTLET

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LEASE ABSTRACTS


OVERVIEW



Key

Space # #2


Tenant Sears Outlet




Renewal Option(s)



(5/§3(g) &§4)





Real Estate Taxes






year over prior yr.











Lease.(26/§21)

Comments None


(3B)


Retail

Asset Summary Report

Eastgate Shopping C t 2830 (2836) North Ave

Grand Junction, CO 81501

Eastgate Shopping Center 2830 (2836) North AveGrand Junction, CO 81501

Retail Asset Summary Report

Eastgate Shopping Center(A value – add / Re-development opportunity)

2830 North Ave.Grand Junction, CO 81501

POOYA DAYANIM310-704-5700

[email protected]*In cooperation with Colorado Licensee

No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to omissions, change of price, rental or other condition, without notice, and to any listing conditions, imposed by the owner.

eastgate shopping center - loopnet · household goods, and lawn & garden equipment, as well as...

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