Credit Tenant NNN Lease - LoopNet

Credit Tenant NNN Lease

Arlington | Western Washington I-5 Corridor

STEEL INDUSTRIES, INC.

SELF-SERVICE AUTO & TRUCK DISMANTLERS

a subsidiary of Schnitzer Steel Industries, Inc.

Investment Summary

? ,500,000

? 7.70 Initial Cap ate

? 8.18 Minimum 5 ear Blended Cap Rate

? 500,80

I 1

? 3 Minimum Annual Increases

? 5 ears emaining Initial Term

? our 5- ear enewals

? 10 Acres ully Developed

? etail-Manufactring-Industrial rowth Area

1 As of eb. 201

Vancouver, B.C.

SITE Arlington

Additional Information

Available with Con dentiality Agreement http wp.me a3 el-gI

Tulalip

Marysville

Everett

Seattle

Lake Stevens

323 172nd St E S -531 Arlington, WA 98223

Larry Ingraham, CCIM

425-744-0900 ext.11 Larry

? 2014 Emerald Properties Brokerage & Development, LLC | The information supplied in this package is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy | MM1319k | 1 of 13

Emerald Properties

Brokerage & Development, LLC

18009 Highway 99, Suite L Lynnwood, WA 98037 425-744-0900

Credit Tenant NNN Lease

Arlington | Western Washington I-5 Corridor

67th Ave NE Access

59th Ave NE

Investment Summary

? ,500,000 ? 7.70 Initial Cap ate ? 8.18 Minimum 5 ear Blended

Cap Rate ? 500,80 I ? 3 Minimum Annual Increases ? 5 ears emaining Initial Term ? our 5- ear enewals ? 10 Acres ully Developed ? etail-Manufactring-Industrial

rowth Area

180th St NE Arlington Advanced Manufacturing Park

SITE

172nd St NE Crown Distributing

Source: | ? 2013 oogle

Investment Highlights

ee simple ownership in land and improvements

Absolute NNN lease structure1 State-of-the-art facility Annual Increases High barriers to entry use Income tax free state Available debt free Pending Manufacturing Industrial Center designation

etail growth area

Tenant Summary

Pick-n-Pull

perates 55 self-service auto parts S & Canadian stores

A wholly owned subsidiary of Schnitzer Steel Industries, Inc. SCH ASDA ? 1.9 Billion in revenue for 2015 ? 534 Million of stockholder e uity

Tenant provides strong environmental indemni cation

An industry leader in vehicle recycling ? 350,000 ehicles per year ? 5,400,000 etail Customers per year

1 Landlord provides general liability insurance policy - less than 1,000 per year covering multiple locations

LaLraryrrIynIgnrgarhaahmam, ,CCCCIIMM

425-744-0900 ext.11 Larry emeraldpreb.cdo.cmom

? 2014 Emerald Properties Brokerage & Development, LLC | The information supplied in this package is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy | MM1319k | 2 of 13

Emerald Properties

Brokerage & Development, LLC

18009 Highway 99, Suite L Lynnwood, WA 98037 425-744-0900

Credit Tenant NNN Lease

Arlington | Western Washington I-5 Corridor

Larry Ingraham, CCIM

425-744-0900 ext.11 Larry

? 2014 Emerald Properties Brokerage & Development, LLC | The information supplied in this package is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy | MM1319k | 3 of 13

Emerald Properties

Brokerage & Development, LLC

18009 Highway 99, Suite L Lynnwood, WA 98037 425-744-0900

Credit Tenant NNN Lease

Arlington | Western Washington I-5 Corridor

Vancouver

2015-2016 Opening

400,000 SF Mixed Use Development

Arlington Municipal

Airport

Arlington Advanced Manufacturing Park

SSIITTEE

Access

N

Seattle

$35 Million funded improvements for SR 531 between 43rd Ave NE & 67th Ave NE

Arlington-Marysville MIC Zone

Source: | ? 2013 Microsoft Corporation

? 2014 Emerald Properties Brokerage & Development, LLC | The information supplied in this package is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy | MM1319k

Emerald Properties

Brokerage & Development, LLC

18009 Highway 99, Suite L Lynnwood, WA 98037 425-744-0900

4 of 13

Credit Tenant NNN Lease

Arlington | Western Washington I-5 Corridor

AUTO RECYCLING

Schnitzer operates Pick-n-Pull, one of the nation's premier self-service used auto parts networks dedicated to supplying customers with lowcost, quality used auto parts. Pick-n-Pull has 55 auto recycling facilities in 15 U.S. states and Canada as well as an online inventory for customers to rapidly locate specific vehicles and track availability of parts.

We purchase approximately 350,000 used and salvaged vehicles annually from tow companies, private parties, auto auctions, city contracts and charitable organizations. After the autos are properly drained of fluids and hazardous materials are removed, the autos are then set in our well-organized yards for customers to select and pull valuable parts. We also sell some vehicles as "rebuilders." Over five million customers visit annually, from do-it-yourself retail customers to recreational mechanics, professional rebuilders, entrepreneurial business owners, volume resellers and collision repair shops.

Each facility stocks a large number of domestic and foreign cars, vans and light trucks which are continually replaced by new arrivals to offer our customers a wide and fresh selection of parts from which to choose. The customer pays a nominal admission fee, finds a vehicle with the desired parts and removes the part with their own tools, or using our wheelbarrows and engine hoists. After a vehicle has finished its time in the retail area, our staff removes remaining recyclable nonferrous materials and valuable core parts that can be sold wholesale such as engines, transmissions and alternators. The remaining auto body is crushed and sold as ferrous scrap metal to metal recyclers, including our metals recycling facilities.

Why buy auto parts from Pick-n-Pull?

It's simple:

Our quality recycled parts saves money, energy, resources and landfill space Our huge inventory includes many hard-to-find parts Our computerized parts interchange system lists alternative vehicles that have the same parts Our parts are considerably less expensive than traditional parts sources Our shopping experience and excellent customer service can't be beat

We remain competitive in our industry because of these reasons, plus our efficient processing of auto bodies and use of technology in managing our geographically diverse network of locations.

Recycling, Sustainability and the Environment Our vehicle disposal process recycles everything we possibly can. Countless parts are purchased by retaCil oanndt.

Info above is from http schnit auto recycling.aspx and is ?201 Schnit er Steel.Industries, Inc.

? 2014 Emerald Properties Brokerage & Development, LLC | The information supplied in this package is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy | MM1319k | 5 of 13

Emerald Properties

Brokerage & Development, LLC

18009 Highway 99, Suite L Lynnwood, WA 98037 425-744-0900

Credit Tenant NNN Lease

Arlington | Western Washington I-5 Corridor

wholesale customers as a sustainable and cost-effective alternative to purchasing from traditional parts sources. Parts that can be refurbished (i.e. transmissions, alternators, compressors) are sold for remanufacturing. Many vehicle fluids including gasoline and oil are recycled. Ferrous and nonferrous metals are recycled and sold to steel mills and foundries for new products. All of this reuse reduces the amount of virgin materials needed to create new products as well as the energy needed to create them.

Environmental compliance and conservation is a priority. We have implemented standardized policies and procedures at all locations for managing vehicles and disposing of hazardous wastes. In fact, our best practices set many of the standards adopted by local communities as guidelines for others to follow.

All of these efforts taken together protect the environment, beautify our neighborhoods and reduce the cost of new goods by returning valuable scrap metal to new production.

? 2016 SchnInitfzoear bSoteveel Iinsdfruosmtriehstt,pInc.schnit auto recycling.aspx and is ?201 Schnit er Steel.Industries, Inc.

? 2014 Emerald Properties Brokerage & Development, LLC | The information supplied in this package is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy | MM1319k |

Emerald Properties

Brokerage & Development, LLC

18009 Highway 99, Suite L Lynnwood, WA 98037 425-744-0900

of 13

Credit Tenant NNN Lease

Arlington | Western Washington I-5 Corridor

Arlington-Marysville Manufacturing/Industrial Center

e Cities of Arlington and Marysville are establishing a joint Manufacturing/Industrial Center (MIC) to promote long term economic growth by encouraging expansion of existing manufacturing businesses and attracting new concentrated manufacturing uses1. e 4,091 acre area is mostly underdeveloped and has over 1,200 acres of undeveloped land available. It currently includes 5,513 jobs, with the goal to eventually support over 77,000 jobs, of which approximately 70% would be family wage aerospace and high tech jobs, adding to Snohomish County's existing 109,000 aerospace and high tech jobs now generating $5.9 billion in annual wages.

As a MIC, the zone is eligible for state and federal transportation and infrastructure funding. e MIC designation creates a streamlined permitting process to encourage new manufacturing and industrial growth in coordination with local and regional economic development strategies.

Located between three major transportation corridors (SR 530/31, SR 9, I-5), the MIC includes Arlington Municipal Airport and the BNSF rail line. e MIC designation prioritizes the development of policies and building infrastructure to encourage and facilitate new manufacturing and industrial growth. e Arlington-Marysville MIC has the potential to become Snohomish County's second largest manufacturing/employment center, behind Paine Field.

1 MIC designation approved by Snohomish County Council June 2014; Puget Sound Regional Council currently reviewing awarding MIC designation.

? 2014 Emerald Properties Brokerage & Development, LLC | The information supplied in this package is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy | MM1319k | 7 of 13

Emerald Properties

Brokerage & Development, LLC

18009 Highway 99, Suite L Lynnwood, WA 98037 425-744-0900

Credit Tenant NNN Lease

Arlington | Western Washington I-5 Corridor

Arlington - Marysville Joint Manufacturing/Industrial Center

Arlington - Smokey Point Local MIC

Major Retail Users

Marysville - Smokey Point Local MIC

SITE

4,091 Acres in Joint MIC 1,200+ Acres Undeveloped Current Jobs: 5,513 Total Jobs Goal: 77,000

? 2014 Emerald Properties Brokerage & Development, LLC | The information supplied in this package is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy | MM1319k | 8 of 13

Emerald Properties

Brokerage & Development, LLC

18009 Highway 99, Suite L Lynnwood, WA 98037 425-744-0900

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