Kaplan University750 Envious Lane, Nashville, TN

PROPERTY OVERVIEW 4 Summary of Property 5 Building Facts

INFORMATION 7 Kaplan University 8 Nashville 9 Submarket

PROPERTY MAP 11 Property Aerial CONTACT INFORMATION 12 The Leasing Team

Table of Contents

Property OVERVIEW

4

Summary

ABOUT

Centennial Retail is pleased to offer for sale a Build-To-Suit offi ce building located in Nashville, TN. The property is 100% leased to Denver Acquisition Company d/b/a Kaplan Universi-ty. The building is a two story, 26,600 square foot brick offi ce building con-structed in 2007. It is located close to the Nashville International Airport in the Airport North offi ce submarket. This property offers investors the op-portunity to acquire a 100% leased offi ce property in the Nashville mar-ket.

750 Envious Lane, Nashville, TN

Kaplan, Inc. is a for-profi t corporation with headquarters in Fort Lauderdale, Florida and was founded in 1938. Ka-plan provides higher education pro-grams, professional training courses, test preparation materials and other services for various levels of education

5

Building Facts

Two Story Class A offi ce Building

26,600 sq.ft.

Constructed in 2007

2.87 acres

Parking Ratio - 7.6 per 1,000 (200 spaces)

750 Envious Lane, Nashville, TN

Information

7

Kaplan University

Kaplan College Campuses (including the Nash-ville campus) is in the process of being acquired by Birmingham, AL based Education Corpo-ration of America (ECA). Education Corpora-tion of America operates Virginia College, Golf Academy of America, Ecotech Institute, and New England College of Business. Its Virgin-ia College offers Associate’s, Bachelor’s and Master’s Degrees in career-focused programs, through 27 campuses located primarily in the southeast, as well as, online programs. Its oth-er seven colleges offer a range of degree pro-grams in specialized and professional fi elds in a variety of on-campus and online settings. Both Kaplan Colleges and Virginia College are na-tionally accredited by the Accrediting Council for Independent Colleges and Schools (ACICS). The combined ECA footprint, after the transac-tion closes, will include more than 70 career-ori-ented campuses and online programs across 20 states, serving approximately, 30,000 students.

Hagertown, Maryland

South Portland, Maine

Cedar Falls, Iowa

8

Nashville Nashville is the capital of Tennessee and the county seat of Davidson County. It is the princi-pal city in the Nashville metropolitan Statistical Area which consist of a 14 county region in mid-dle Tennessee. Nashville is home to more than 1.8 million people and 40,000 businesses. Nash-ville’s advantages have attracted more diverse new business from across the country than any city its size over the past 20 years. Due to this success, Nashville has become a “who’s who” of corporate relocations, home to headquarter offi ces of HCA, Asurion, Bridgestone American Nissan North America and more. Nashville is consistently ranked as one of the top US markets in terms of investment opportunities.

The economy is diverse with major industries in-cluding healthcare, manufacturing, automotive, music, entertainment, state government and tourism. The city is home to 21 colleges and uni-versities. The list includes Vanderbilt University, Belmont University, Middle TN State University and TN State University; as well as, a number of religious schools and For Profi t trade schools and colleges.

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Submarket - Airport North

The Kaplan Campus Nashville is located at 750 En-vious Lane and is located across the Hwy from the Nashville International Airport. The building is part of the Airport North Offi ce Submarket. This submar-ket is contains over six million square feet of offi ce space and the current occupancy rate is 93%. Of the six million square feet 2.56 million is class A offi ce space and the class A vacancy rate is 7.6%. The airport north market is a vibrant offi ce market devel-oped just west and north of the airport. This market began to develop in the mid 1980’s when the air-port constructed its new terminal on the east side of the airport property. The market is a mix of Class A&B offi ces, general commercial and industrial properties. In addition, the market (both the airport north and south) is also home to several “For Profi t” schools including, Kaplan, Strayer University, Univer-sity of Phoenix, Argosy University, DeVry University and Fortis Institute.

Property MAPS

Kaplan University

Century CityBusiness Park

Opryland Hotel

Downtown Nashville

Berry Hill

11

Aerial

Barry Hardwick, CCIM

Senior Associate615-429-0661

Offi ce: 615-234-4934bhardwick@centenretail.com

Joey Valenti

Senior Associate615-300-5639

Offi ce: 615-234-4908jvalenti@centenretail.com