118 W MAIN ST Market Positioning and Pricing Analysis Somerville, NJ 08876

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PRESENTED BY Marc Karlin Associate Associate Member - National Retail Group New Jersey Office Tel: (201) 742-6134 Fax: (201) 742-6110 marc.karlin@marcusmillichap.com License: NJ 1646917 Michael Lombardi First Vice President Investments Director - National Retail Group New Jersey Office Tel: (201) 742-6125 Fax: (201) 742-6110 michael.lombardi@marcusmillichap.com License: NJ 0569706

118 W MAIN ST INVESTMENT OVERVIEW

CURRENT MONTHLY INCOME 118 W MAIN STREET OFFERING SUMMARY EXECUTIVE SUMMARY VITAL DATA CURRENT YEAR 1 Price $1,950,000 CAP Rate -1.25% 5.89% Down Payment 100% / $1,950,000 Net Operating Income ($24,383) $114,817 Loan Type All Cash Net Cash Flow After Debt Service -1.25% / ($24,383) 5.89% / $114,817 Total Rentable SF 7,500 Total Return Price/SF $260.00 Year Built 1980 MAJOR EMPLOYERS EMPLOYER # OF EMPLOYEES Marsh 6,783 Trigen Laboratories LLC 3,270 Pts Intermediate Holdings LLC 3,000 In Ventive Commercial Services 2,800 Ethicon Inc 2,500 MetLife 2,367 Janssen Research & Dev LLC 1,800 Sanofi 1,500 Aventis Inc 1,358 Bridgwtr-Rrtan Rgonal Schl Dst 1,200 Zentry LLC Bridgewater Raritan Bd Educatn 1,000 UNIT MIX UNIT COUNT UNIT TYPE AVG. SF CURRENT AVG. RENTS AVG. RENTS/SF MONTHLY INCOME POTENTIAL RENTS AVG. RENTS/SF 2 2 Bedroom - 1 Bathroom 1,500 $0 $0.00 $2,300 $1.53 $4,600 SUITE COUNT TYPE TOTAL GLA CURRENT RENT RANGE CURRENT MONTHLY INCOME PRO FORMA 1 Retail 4,500 $7,000 DEMOGRAPHICS 1-Miles 3-Miles 5-Miles 2018 Estimate Pop 12,454 56,740 118,416 2010 Census Pop 12,184 55,653 114,670 2018 Estimate HH 4,968 21,847 44,534 2010 Census HH 4,782 21,058 42,307 Median HH Income $67,531 $81,283 $93,398 Per Capita Income $36,948 $44,264 $49,536 Average HH Income $91,357 $114,356 $131,305 #

118 W MAIN STREET INVESTMENT OVERVIEW OFFERING SUMMARY Marcus & Millichap is pleased to present 118 West Main Street, in Somerville, NJ. Somerville is located at the center of New Jersey and its transportation network, and has been called Downtown Somerset County. All major transportation routes pass through or near the Borough, NJT and Private buses, NJTs Raritan Valley line trains, Vehicle traffic use State Routes 28, 202 and 206, National Route 22 forms the northern boundary of the Borough while Interstate 287 parallels Route 22 and Interstate 78 is within 2 miles of the Borough. Somerville’s downtown is a thriving commercial district and community-gathering place for residents, shoppers and visitors from Somerville, Somerset County and Central New Jersey. The subject property is currently a 100% occupied, 7,500 square foot mixed use building located on Main Street between the intersections Davenport Street and Union Street of downtown Somerville in Somerset County, NJ. The property holds 2 two bedroom apartments over a ground floor retail store and is currently fully owner occupied. Seller can deliver the property vacant or with a 2 year lease to give the new owner a smooth transition of ownership.118 West Main Street gives an investor a rare opportunity to acquire a well-maintained property in the heart of Somerville's booming downtown surrounded by shopping, entertainment, and only steps away from the Somerville Train Station. Real Estate Taxes are approximately $18,983 per year. Estimated Gross Income is approximately $140,0000 per year. The asking price is $1,950,000. INVESTMENT HIGHLIGHTS Great Demographics Average Household Income Over $127,000 and Over 120,000 People Within Five Miles.

2019 – Five Redevelopment Areas West Main Street Redevelopment Area This area is bound by West Main Street, South Doughty Avenue, Veterans Memorial Drive, Union Street and Division Street. Recently the Redevelopment Area was amended to include the properties along the North side of West Main Street and is bounded by Davenport Street and North Doughty Avenue. The major portion of this area is currently under development and contains a world Class Shoprite supermarket, Chase Bank, 108 luxury apartments and retail store including Starbucks, weight watchers and the only Wolfgang’s Steakhouse outside a major world city. 2019 – Five Redevelopment Areas

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118 W MAIN ST MARKET OVERVIEW

2018 MEDIAN HOUSEHOLD INCOME: 118 W MAIN ST CENTRAL NEW JERSEY OVERVIEW The Central New Jersey region is conveniently located near both the New York City metro and the Philadelphia metro and contains a well-developed interstate network and mass-transit opportunities. Consisting of Mercer, Middlesex, Monmouth, Ocean and Somerset counties, Central New Jersey includes more than 150 municipalities, and the city of Edison in Middlesex County is the largest. Mercer County is home to the state’s capital in Trenton and Princeton University in Princeton. METRO HIGHLIGHTS DIVERSIFYING EMPLOYMENT The economy is diversifying from its manufacturing base to include energy, healthcare, pharmaceuticals, tourism, logistics and distribution. EDUCATED LABOR FORCE Roughly 40 percent of residents age 25 and older have a bachelor’s degree; of these, 16 percent also hold a graduate or professional degree. HIGH BARRIERS TO ENTRY Expensive land costs, dense development and strict governmental regulations moderate additional development. ECONOMY Many counties in the region consistently rank among the nation’s top 50 for per capita income. Elevated incomes produce strong retail sales and support a healthy service industry. New Jersey is home to 20 Fortune 500 companies in diverse industries from healthcare to energy. Two Fortune 500 companies operate out of Central Jersey: Johnson & Johnson in New Brunswick, and NRG Energy in Princeton. Kinder Morgan also operates locally. Amazon has a fulfillment center in Carteret in Middlesex County; the company has two facilities in the market, growing the region’s distribution sector. DEMOGRAPHICS 2.8M 2018 POPULATION: 1M 2018 HOUSEHOLDS: 40.6 2018 MEDIAN AGE: $83,200 2018 MEDIAN HOUSEHOLD INCOME: U.S. Median: 38.0 $58,800 3.9% Growth 2018-2023*: 3.0% * Forecast Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau 1

118 W MAIN ST PROPERTY NAME DEMOGRAPHICS MARKETING TEAM Population Race and Ethnicity In 2018, the population in your selected geography is 12,454. The population has changed by 3.01% since 2000. It is estimated that the population in your area will be 12,407.00 five years from now, which represents a change of -0.38% from the current year. The current population is 51.85% male and 48.15% female. The median age of the population in your area is 35.82, compare this to the US average which is 37.95. The population density in your area is 3,957.73 people per square mile. People of Hispanic origin make up 27.93% of the current year population in your selected area. Compare this to the US average of 18.01%. Households Housing There are currently 4,968 households in your selected geography. The number of households has changed by 2.67% since 2000. It is estimated that the number of households in your area will be 5,024 five years from now, which represents a change of 1.13% from the current year. The average household size in your area is 2.43 persons. The median housing value in your area was $311,521 in 2018, compare this to the US average of $201,842. In 2000, there were 2,118 owner occupied housing units in your area and there were 2,721 renter occupied housing units in your area. The median rent at the time was $736. Income Employment The current year per capita income in your area is $36,948, compare this to the US average, which is $32,356. The current year average household income in your area is $91,357, compare this to the US average which is $84,609. In 2018, there are 19,562 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 63.39% of employees are employed in white-collar occupations in this geography, and 36.84% are employed in blue-collar occupations. In 2018, unemployment in this area is 6.44%. In 2000, the average time traveled to work was 26.00 minutes. Source: © 2018 Experian