MEADOWLARK RETAIL DEVELOPMENT OPPORTUNITY WILLISTON, ND

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1 MEADOWLARK RETAIL DEVELOPMENT OPPORTUNITY WILLISTON, ND

2 PROPERTY SUMMARY OVERVIEW TH AVENUE SW, WILLISTON, ND FOR SALE: CALL FOR PRICING 7.5 acres of prime commercial land Located at the center of Bakken energy activity in Williston, ND, the Meadowlark property is in a center profile position to take advantage of the high and unmet retail demand in the region Highway 2 frontage offers significant visibility to retail or commercial businesses wishing to capitalize on traffic flowing from Highway 85 to downtown Williston This area is projected for continuous substantial growth over the next years and is poised to continue to be the epicenter of Bakken oil production activity for the foreseeable future Located in the prime thoroughfare from the central fracking area to the existing and emerging residential Williston town and Williston Region areas In close proximity to numerous energy and energy servicing companies Driving distances: 5-15 minutes from all Williston town residential areas minutes from all Williston Region residents

3 PROPERTY SUMMARY REGIONAL LOCATION WILLISTON

4 PROPERTY SUMMARY AREA RETAILERS & EMPLOYERS TOP EMPLOYERS WILLIAMS COUNTY 1. Halliburton 2. Williston Public School District 3. Wal-Mart 4. Nabors Drilling USA 5. CHI St. Alexius Health 6. City of Williston 7. Liberty Oilfield Services 8. Oasis Petroleum, LLC 9. Bethel Lutheran Nursing & Rehabilitation Center 10.Williams County STARBOARD CLOTHING

5 PROPERTY SUMMARY CONCEPTUAL SITE PLAN

6 NORTH AMERICAN SHALE MAP Williston is the center of the Bakken 82% of current horizontal crude production comes from the Bakken and Eagle Ford

7 BAKKEN OIL FORMATION & WILLISTON BASIN BAKKEN OIL FORMATION Spanning North Dakota, Montana, Saskatchewan and Manitoba, the Bakken Shale Formation has approximately 9,000 wells (and counting) with estimates prior to the recent dramatic shift in oil prices highlighting potential growth to 50,000 to 150,000 wells. With key areas in the Bakken projecting some of the most significant population growth estimates in the U.S. and Canada, the highest industrial, retail, office, and residential rates in the U.S., and some of the lowest unemployment and vacancy rates, a need for increased infrastructure and support will be key to supporting the future development of this rural energy market. Although debate continues regarding the amount of recoverable oil in the Bakken, the United States Geological Survey (USGS) estimates there may be 4.4 to 11.4 billion barrels of undiscovered, extractable oil in the basin -- more oil than any other U.S. oil field, including more than Alaska s Prudhoe Bay, the longtime leader in domestic oil output. WILLISTON BASIN Despite the dramatic fall in oil prices in 2014, oil and natural production in the Williston Basin has remained strong. After declining 23%, current daily oil production has returned to prior peak levels. With transportation pipelines coming on line, natural gas production continues to increase. The permanent working population production, fracking, and gathering have continued to increase even through the 2014 oil price decline. Drilling employees typically fall in the temporary category. As efficiencies were gained after 2014, fewer and a more permanent and stable employees are required.

8 WILLISTON, ND OVERVIEW Between 2010 and 2014, Williston, ND was labeled the fastest growing small city in America, tripling in size from 4,781 acres to 14,167 acres. The driving force behind this exponential economic growth, which drives significant capital and operational needs for the city, is the oil and gas industry. FROM 2000 TO TODAY Williston area population has grown significantly over the past ten years to 31,848 residents in 2017, with a projected growth to 49,300 by Per capita average personal income has increased to $106,601/year, with it projected to hit $119,667/year by Total wages for the area reached over $3 billion in Taxable purchases are at a $1 billion/year run rate. Approximately 4,000 business establishments. Unemployment rate for the area is 2.3%. DEMOGRAPHICS Since 2000, Williston s population has been materially changing beyond just growth. The population is transitioning from (i) an older retirement age adult population and (ii) male dominated workforce-to-a permanent family-based community with young children. Population is 54% male and 46% female. Enrollment in public schools has more than doubled since 2000 Children under the age of 10 represent 16.75% of the total population further indicating that families are establishing permanent residence. Children and young adults account for 30% of the population. Adults from 20 to 59 years old account for 57% of the population..

9 WILLISTON, ND DEMOGRAPHICS AGE DISTRIBUTION SIZE OF HOUSEHOLD

10 WILLISTON, ND DEMOGRAPHICS HOUSEHOLD INCOME DISTRIBUTION LABOR FORCE STATUS

11 WILLISTON, ND CONSUMER EXPENDITURES APPARAL ENTERTAINMENT

12 WILLISTON, ND CONSUMER EXPENDITURES FOOD & BEVERAGE GIFTS

13 WILLISTON, ND CONSUMER EXPENDITURES HOUSEHOLD FURNISHINGS PERSONAL CARE

14 WILLISTON AREA RETAIL LEAKAGE/SURPLUS MARKET POTENTIAL VARIABLES WILLISTON & SURROUNDING TOWNSHIPS Estimated Household Count 12,592 Total Demand $498,888,008 Total Supply $358,825,438 Leakage/Surplus $140,062,570 STORE TYPE POTENTIAL ESTIMATED SALES Motor Vehicle Parts & Dealers $126,594,592 $91,909, Furniture & Home Furnishing $11,951,629 $8,527, Electronics & Appliance $12,279,553 $15,550, Building Material, Garden Equip. & Supplies $35,114,576 $75,984, Food & Beverage $72,350,675 $29,163, Health & Personal Care $32,512,615 $16,840, Clothing & Clothing Accessories $31,191,140 $10,336, Sporting Goods, Hobby, Book & Music $11,055,286 $5,173, General Merchandise $76,467,726 $38,731, Miscellaneous Store Retailers $15,506,539 $7,057, Foodservice & Drinking Places $73,863,677 $59,551, TOTAL $498,888,008 $358,825, LEAKAGE/ SURPLUS

15 CONTACT MIKE ELLIOTT Founder & Managing Principal Energy Real Estate Solutions