premier redevelopment opportunity

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This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. PREMIER REDEVELOPMENT OPPORTUNITY 1400 E 104th Ave, Thornton, CO 80233 SRS Real Estate Partners | 1875 Lawrence Street., Suite 850 | Denver, CO 80202 | 303.572.1800 CONTACT Tony Pierangeli | 303.390.5257 [email protected] AVAILABLE 46,512 - 140,619 SF RATE Call for Rates DEMOGRAPHICS 3 Mile 5 Mile 10 Mile Total Population 152,203 322,754 849,661 2018-2023 Growth 0.60% 0.81% 1.77% Avg. HH Income $70,187 $82,461 $89,995 Daytime Population 117,356 249,746 893,929 Year: 2018 | Source: ESRI TRAFFIC COUNTS E 104th Ave 39,014 VPD Washington St 29,241 VPD Year: 2014 | Source: CDOT DESCRIPTION Up to 140,619 SF For Lease, ability to subdivide Freestanding building Excellent visibility on 104th Ave Short distance from I-25 [email protected] SRSRE.COM SERITAGE.COM NNN $3.45

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Page 1: PREMIER REDEVELOPMENT OPPORTUNITY

This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof.

PREMIER REDEVELOPMENT OPPORTUNITY1400 E 104th Ave, Thornton, CO 80233

SRS Real Estate Partners | 1875 Lawrence Street., Suite 850 | Denver, CO 80202 | 303.572.1800

CONTACTTony Pierangeli | [email protected]

AVAILABLE 46,512 - 140,619 SF

RATE Call for Rates

DEMOGRAPHICS 3 Mile 5 Mile 10 MileTotal Population 152,203 322,754 849,6612018-2023 Growth 0.60% 0.81% 1.77%Avg. HH Income $70,187 $82,461 $89,995Daytime Population 117,356 249,746 893,929Year: 2018 | Source: ESRI

TRAFFIC COUNTSE 104th Ave 39,014 VPDWashington St 29,241 VPDYear: 2014 | Source: CDOT

DESCRIPTION• Up to 140,619 SF For Lease, ability to subdivide• Freestanding building• Excellent visibility on 104th Ave• Short distance from I-25

[email protected]

SRSRE.COMSERITAGE.COM

NNN$3.45

Page 2: PREMIER REDEVELOPMENT OPPORTUNITY

This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof.

PREMIER REDEVELOPMENT OPPORTUNITY1400 E 104th Ave, Thornton, CO 80233

SRS Real Estate Partners | 1875 Lawrence Street., Suite 850 | Denver, CO 80202 | 303.572.1800 SRSRE.COMSERITAGE.COM

Page 3: PREMIER REDEVELOPMENT OPPORTUNITY

This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof.

PREMIER REDEVELOPMENT OPPORTUNITY1400 E 104th Ave, Thornton, CO 80233

SRS Real Estate Partners | 1875 Lawrence Street., Suite 850 | Denver, CO 80202 | 303.572.1800

AVAILABLE 47,875 SF

AVAILABLE 46,512 SFAVAILABLE 46,232 SF

VASA FITNESS 52,225 SF

TOTAL CAN BE SUBDIVIDED

[email protected]

SRSRE.COMSERITAGE.COM

Page 4: PREMIER REDEVELOPMENT OPPORTUNITY

This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof.

PREMIER REDEVELOPMENT OPPORTUNITY1400 E 104th Ave, Thornton, CO 80233

SRS Real Estate Partners | 1875 Lawrence Street., Suite 850 | Denver, CO 80202 | 303.572.1800

Demographic Summary Report1400 E 104th Ave, Denver, Colorado, 80233 Prepared by EsriRings: 3, 5, 10 mile radii Latitude: 39.88499

Longitude: -104.96880

3 miles 5 miles 10 milesPopulation

2000 Population 116,896 246,528 623,5262010 Population 138,912 290,929 725,0222018 Population 152,203 322,754 849,6612023 Population 157,367 337,292 925,8322000-2010 Annual Rate 1.74% 1.67% 1.52%2010-2018 Annual Rate 1.11% 1.27% 1.94%2018-2023 Annual Rate 0.67% 0.89% 1.73%2018 Male Population 49.7% 49.8% 49.9%2018 Female Population 50.3% 50.2% 50.1%2018 Median Age 33.3 34.2 35.4

Households2000 Households 43,297 88,680 231,8592010 Households 51,296 104,049 278,9732018 Total Households 55,498 114,004 326,4492023 Total Households 57,190 118,692 356,4452000-2010 Annual Rate 1.71% 1.61% 1.87%2010-2018 Annual Rate 0.96% 1.11% 1.92%2018-2023 Annual Rate 0.60% 0.81% 1.77%2018 Average Household Size 2.73 2.82 2.57

Housing Units2018 Total Housing Units 56,626 116,502 338,909

2018 Owner Occupied Housing Units 32,229 74,517 197,9772018 Renter Occupied Housing Units 23,269 39,487 128,4722018 Vacant Housing Units 1,128 2,498 12,460

Race and Ethnicity2018 White Alone 71.7% 73.6% 74.3%2018 Black Alone 2.3% 2.0% 4.7%2018 American Indian/Alaska Native Alone 1.5% 1.4% 1.3%2018 Asian Alone 3.8% 4.6% 3.9%2018 Pacific Islander Alone 0.2% 0.1% 0.1%2018 Hispanic Origin (Any Race) 41.1% 37.5% 31.5%

Income2018 Median Household Income $57,310 $65,161 $67,5532018 Average Household Income $70,187 $82,461 $89,995Per Capita Income $25,748 $29,190 $34,898

2018 Population 25+ by Educational AttainmentTotal 97,918 208,303 570,145

High School Graduate 25.7% 22.6% 18.7%GED/Alternative Credential 5.9% 5.6% 4.6%Some College, No Degree 22.9% 21.2% 19.6%Associate Degree 9.3% 9.5% 8.1%Bachelor's Degree 14.1% 17.1% 23.7%Graduate/Professional Degree 5.5% 8.4% 13.2%

Daytime Population2018 Total Daytime Population 117,356 249,746 893,929

Workers 43,620 94,173 495,061Residents 73,736 155,573 398,868

Source: Esri, U.S. Census

April 03, 2019

Page 1 of 1

SRSRE.COMSERITAGE.COM

Page 5: PREMIER REDEVELOPMENT OPPORTUNITY

Seritage Growth Properties is a publicly traded, self-administered, self-managed REIT primarily engaged in the real property business through its investment in its operating partnership, Seritage Growth Properties, L.P. Our portfolio contains 235 wholly-owned properties and 31 joint venture properties, consisting of approximately 42 million square feet of building space, which is broadly diversified by location across 49 states and Puerto Rico. Pursuant to a master lease, 224 of our wholly-owned properties are leased to Sears Holdings and are operated under either the Sears or K-Mart brand. Third parties under direct leases also occupy a portion of the overall leasable space alongside Sears and Kmart. Additionally, 11 of our wholly-owned properties are leased entirely to third parties. The master lease provides Seritage with rights to recapture certain space from Sears Holdings at each property. In addition, Seritage has 50% interests in 31 additional properties through our joint venture investments with General Growth Properties (12 properties), Simon Property Group (10 properties), and Macerich (nine properties) that are also master leased to Sears Holdings.

Seritage Growth Properties is a publicly traded, self-administered, self-managed REIT primarily engaged in the real property business through its investment in its operating partnership, Seritage Growth Properties, L.P. Our portfolio contains 235 wholly-owned properties and 31 joint venture properties, consisting of approximately 42 million square feet of building space, which is broadly diversified by location across 49 states and Puerto Rico. Pursuant to a master lease, 224 of our wholly-owned properties are leased to Sears Holdingsand are operated under either the Sears or K-Mart brand. Third parties under direct leases also occupy a portion of the overall leasable space alongside Sears and Kmart. Additionally, 11 of our wholly-owned properties are leased entirely to third parties. The master lease provides Seritage with rights to recapture certain space from Sears Holdings at each property. In addition, Seritage has 50% interests in 31 additional properties through our joint venture investments with General Growth Properties (12 properties), Simon Property Group (10 properties), and Macerich (nine properties) that are also master leased to Sears Holdings.

Seritage Growth Properties is a publicly-traded, self-administered

and self-managed REIT with 211 wholly-owned properties and 26

joint venture properties totaling approximately 37.5 million square

feet of space across 48 states and Puerto Rico. The Company was

formed to unlock the underlying real estate value of a high-quality

retail portfolio it acquired from Sears Holdings in July 2015. Pursuant

to a master lease, the Company has the right to recapture certain

space from Sears Holdings for retenanting or redevelopment

purposes. The Company’s mission is to create and own revitalized

shopping, dining, entertainment and mixed-use destinations that

provide enriched experiences for consumers and local communities,

and create long-term value for our shareholders.