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Transaction Notes <br />The single-tenant retail property sold for $5,702,205, or $103.68 per square foot. <br />The 55,000-square-foot single-tenant building was a build to suit for Hobby Lobby, which opened at the beginning of 2017. The tenant’s <br />lease runs through January 2032. <br />The buyer, in a public filing which also stated the purchase price, reported going-in base rent of $7.05 per square foot or a 6.8% cap rate. <br />There are $.51 per square foot rent increases every five years. <br />This is one of several Hobby Lobby stores the buyer acquired during the quarter. <br />Income Expense Data <br />$142,740 <br />$142,740 <br />Total Expenses <br />- Operating Expenses <br />- TaxesExpenses <br />Property Type:Retail - Freestanding <br />Hobby Lobby <br />Built in Jan 2017 <br />Center: <br />Bldg Status: <br />Owner Type:Private REIT <br />Current Retail Information <br />GLA:55,000 SF <br />0 SFTotal Avail: <br />Bldg Vacant:0 SF <br />% Leased:100.0% <br />Zoning:- <br />Owner Occupied:No <br />CAM:- <br />Rent/SF/Yr:-No. of Stores:- <br />Land Area:5.62 AC <br />Expenses:2018 Tax @ $2.60/sf <br />Lot Dimensions:- <br />ID: 10733160 <br />Building FAR:0.22 <br />Location Information <br />County:Kandiyohi <br />CBSA:Willmar, MN <br />DMA:Minneapolis-St Paul, MN-WI <br />Spacer <br />3001 1st St S - Hobby Lobby SOLD <br />55,000 SF Retail Freestanding Building Built in Jan 2017 (con't) <br />Copyrighted report licensed to International Appraisal Company - 691368. <br />Page 4