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Transaction Notes <br />On February 28, 2017, the 94,688 sf class C general retail building at 1001 Highway 23 Bypass North in Marshall, Minnesota was sold by <br />the recorded seller to the recorded buyer. The recorded buyer paid $1,850,000 in cash at $19.54 psf. <br />The building was built in 1990 with a construction type as reinforced concrete. The building sits on a 11.4902 acre land parcel and is <br />accommodated with 400 free surface parking spaces making the ratio 4.12/1000 sf. The property is zoned commercial allowing for a <br />department store as an secondary use. <br />It was noted that the vacant property will be redeveloped into a multi-tenant building. According to the recorded buyer they plan to place <br />Ashley HomeStore as is anchor tenant. This property had been vacant since 2014 when Sears Holdings closed Kmart due to a series of <br />cost-saving procedures. <br />At the completion of the sale comparable, the listing broker and a recorded buyer representative were able to confirm the sale comparable. <br />Income Expense Data <br />$87,452 <br />$87,452 <br />Total Expenses <br />- Operating Expenses <br />- TaxesExpenses <br />Property Type:Retail - Department Store <br />Former Kmart <br />Built in 1990 <br />Center: <br />Bldg Status: <br />Owner Type:Corporate/User <br />Current Retail Information <br />GLA:94,688 SF <br />0 SFTotal Avail: <br />Bldg Vacant:0 SF <br />% Leased:100.0% <br />Parking:400 Surface Spaces are available <br />Zoning:- <br />Owner Occupied:Yes <br />CAM:- <br />Rent/SF/Yr:-No. of Stores:- <br />Land Area:11.49 AC <br />Expenses:2017 Tax @ $0.92/sf <br />Lot Dimensions:- <br />ID: 8952246 <br />Building FAR:0.19 <br />Location Information <br />County:Lyon <br />CBSA:Marshall, MN <br />DMA:Minneapolis-St Paul, MN-WI <br />Spacer <br />1001 Hwy 23 Byp N - Former Kmart SOLD <br />94,688 SF Retail Department Store Building Built in 1990 (con't) <br />Copyrighted report licensed to International Appraisal Company - 691368. <br />Page 16