KANSAS DOLLARGENERALPORTFOLIO337 E 11TH ST, ALMA13746 S. KS-214 HIGHWAY, HOYT100 DAKOTA DR, SOLOMON

Will HolmanManaging Director636.628.2111will.holman@svn.com

Richard S. Hurst, CCIMManaging Director913.538.5568rick.hurst@svn.com

SVN | HOLMAN NORDEN | 4660 MEXICO ROAD, ST. PETERS, MO 63376 OFFERING MEMORANDUM

The Offering

KANSAS DOLLAR GENERAL PORTFOLIO | 3 PROPERTY PORTFOLIO, VARIOUS LOCATIONS, KS 00000 SVN | Holman Norden | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

OFFERING SUMMARY

Address: 337 E. 11th St.

Alma, KS 66401

NOI: $74,940

Lot Size: +/- 1.20 acres

Building Size: +/- 9,100 SF

Year Built: 2016

Remaining Lease Term: +/- 12 years

Renewal Options Four (5) Year Options

Lease Type Absolute NNN Lease

No Landlord

Responsibilities

PROPERTY OVERVIEWSVN | Holman Norden is pleased to present a 100% fee simple interest in aDollar General property located at 337 E. 11th St, Alma, KS 66401. Alma rests 3miles south of Highway 70 in between Topeka and Junction City, KS. Alma isthe county seat of Wabaunsee County KS with a population of +/-3072 peoplein a 10-mile radius. The Dollar General store is strategically located in Alma togive it a nearly 20-mile service area to the south of the town. This combineswith the 10-mile radius average household income of $65,700 +/- make this astrong location for Dollar General. The 9100 SF store was built in November2016 and is operated on a Fifteen (15) Year Absolute NNN Lease, leaving zerolandlord responsibilities. The lease includes Four (5) Year Options to renew,with 10% base rent escalations at each option.

PROPERTY HIGHLIGHTS

• Absolute Triple Net Lease - No Landlord Responsibilities

• Four (5) Year Renewal Options

• 10% Base Rent Increases at Each Option

• Initial Tern runs until November 2031

Alma Property Summary

KANSAS DOLLAR GENERAL PORTFOLIO | 3 PROPERTY PORTFOLIO, VARIOUS LOCATIONS, KS 00000 SVN | Holman Norden | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

OFFERING SUMMARY

Address: 13746 S. K-214 Highway

Hoyt, KS 66440

NOI: $76,800

Lot Size: +/- 2.32 Acres

Building Size: +/- 9,026 SF

Year Built: 2017

Remaining Lease Term: +/- 12.5 years

Renewal Options: Four (5) Year Options

Lease Type: Absolute NNN Lease

No Landlord

Responsibilities

PROPERTY OVERVIEWSVN | Holman Norden is pleased to present a 100% fee simple interest in aDollar General property located at 13746 S K-214 Highway, Hoyt, Kansas 66440.Hoyt acts as a bedroom community for the state capital of Topeka only 11 milesto the south. Dollar General is strategically at the corner of US Route 75 and W1st Street making it a convenient stop for both morning and afternooncommuters or for travelers moving between Topeka and Omaha, NE. All of thiscombines to make this a strong location for Dollar General. The 9026 SF storewas built in February 2017 and is operated on a Fifteen (15) Year Absolute NNNLease, leaving zero landlord responsibilities. The lease includes Four (5) YearOptions to renew, each with strong rent escalations.

PROPERTY HIGHLIGHTS

• Absolute Triple Net Lease - No Landlord Responsibilities

• Four (5) Year Renewal Options

• Base Rent Increases at Each Option

• Initial Tern runs until February 2032

Hoyt Property Summary

KANSAS DOLLAR GENERAL PORTFOLIO | 3 PROPERTY PORTFOLIO, VARIOUS LOCATIONS, KS 00000 SVN | Holman Norden | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

OFFERING SUMMARY

Address: 100 Dakota Drive

Solomon, KS 67480

NOI: $79,505

Lot Size: +/- 1.03 Acres

Building Size: +/- 7,489 SF

Remaining Lease Term: +/- 12.5 years

Renewal Options: Five (5) Year Options

Lease Type:: Absolute NNN Lease

No Landlord

Responsibilities

PROPERTY OVERVIEWSVN | Holman Norden is pleased to present a 100% fee simple interest in aDollar General property located at 100 Dakota Dr, Solomon, KS 67480. Theproperty was built in May 2017 and holds a Fifteen (15) Year Absolute NNNLease, leaving zero landlord responsibilities. The lease includes Five (5) YearOptions to renew, each with a 10% escalation in rent. The store is 7489 squarefeet and is visible from Interstate 70, a heavily traveled (nearly 17,000 VPD)highway running East to West through the state. The property is the majorgrocery retailer in the north portion of Solomon. Solomon is located 15 milesfrom the City of Salina which is one of the world’s largest wheat producingareas. Salina is a regional trade center for north-central Kansas and is home toseveral colleges. A 10-mile radius population of 5,000+/- and an averagehousehold income of $61,000 +/- make this a powerful location for DollarGeneral.

PROPERTY HIGHLIGHTS

• Absolute Triple Net Lease - No Landlord Responsibilities

• Five (5) Year Renewal Options

• 10% Base Rent Increases at Each Option

• Visible from Interstate 70

• Initial Tern runs until May 2032

Solomon Property Summary

KANSAS DOLLAR GENERAL PORTFOLIO | 3 PROPERTY PORTFOLIO, VARIOUS LOCATIONS, KS 00000 SVN | Holman Norden | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

INVESTMENT OVERVIEW KANSAS DOLLAR GENERAL PORTFOLIO

Price $3,700,000

Price per SF $144.45

CAP Rate 6.3%

Cash-on-Cash Return (yr 1) 5.33 %

Total Return (yr 1) $117,989

Debt Coverage Ratio 1.36

OPERATING DATA KANSAS DOLLAR GENERAL PORTFOLIO

Gross Scheduled Income $231,245

Other Income $0

Total Scheduled Income $231,245

Vacancy Cost $0

Gross Income $231,245

Operating Expenses $0

Net Operating Income $231,245

Pre-Tax Cash Flow $61,667

FINANCING DATA KANSAS DOLLAR GENERAL PORTFOLIO

Down Payment $1,157,600

Loan Amount $2,542,400

Debt Service $169,578

Debt Service Monthly $14,131

Principal Reduction (yr 1) $56,322

Financial Summary

KANSAS DOLLAR GENERAL PORTFOLIO | 3 PROPERTY PORTFOLIO, VARIOUS LOCATIONS, KS 00000 SVN | Holman Norden | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Location Map

KANSAS DOLLAR GENERAL PORTFOLIO | 3 PROPERTY PORTFOLIO, VARIOUS LOCATIONS, KS 00000 SVN | Holman Norden | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Alma Retailer Map

KANSAS DOLLAR GENERAL PORTFOLIO | 3 PROPERTY PORTFOLIO, VARIOUS LOCATIONS, KS 00000 SVN | Holman Norden | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Hoyt Retailer Map

KANSAS DOLLAR GENERAL PORTFOLIO | 3 PROPERTY PORTFOLIO, VARIOUS LOCATIONS, KS 00000 SVN | Holman Norden | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Solomon Retailer Map

KANSAS DOLLAR GENERAL PORTFOLIO | 3 PROPERTY PORTFOLIO, VARIOUS LOCATIONS, KS 00000 SVN | Holman Norden | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Alma Site Plan

KANSAS DOLLAR GENERAL PORTFOLIO | 3 PROPERTY PORTFOLIO, VARIOUS LOCATIONS, KS 00000 SVN | Holman Norden | Page 11The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Hoyt Site Plan

KANSAS DOLLAR GENERAL PORTFOLIO | 3 PROPERTY PORTFOLIO, VARIOUS LOCATIONS, KS 00000 SVN | Holman Norden | Page 12The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Solomon Site Plan

KANSAS DOLLAR GENERAL PORTFOLIO | 3 PROPERTY PORTFOLIO, VARIOUS LOCATIONS, KS 00000 SVN | Holman Norden | Page 13The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Alma Demographics Map

KANSAS DOLLAR GENERAL PORTFOLIO | 3 PROPERTY PORTFOLIO, VARIOUS LOCATIONS, KS 00000 SVN | Holman Norden | Page 14The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Hoyt Demographics Map

KANSAS DOLLAR GENERAL PORTFOLIO | 3 PROPERTY PORTFOLIO, VARIOUS LOCATIONS, KS 00000 SVN | Holman Norden | Page 15The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Solomon Demographics Map

KANSAS DOLLAR GENERAL PORTFOLIO | 3 PROPERTY PORTFOLIO, VARIOUS LOCATIONS, KS 00000 SVN | Holman Norden | Page 16The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

4660 Mexico RoadSt. Peters, MO 63376T 636.628.2111C 636.734.1815will.holman@svn.comMO #1999033650

PROFESSIONAL BACKGROUND

Prior to forming SVN® | Holman Norden (SVN | HN), Will had spent severalyears at Marcus & Millichap Will has had a successful and diverse careersince starting in the Real Estate sales industry in 1984. After being raised in aReal Estate Development and Construction family it only made sense that hechose that as his career. He began in the sales and development ofresidential product types and quickly moved into the commercial arena. Hisclients include owner/users, investors, landlords and tenants in the areas ofinvestment sales, leasing, construction and development, covering theIndustrial, Retail, Multi-Family and Office product types. Will has participatedin excess of One Billion Dollars ($1,000,000,000) in transactions not only asthe Broker but also as Principal, Developer and Builder. This gives Will auniquely beneficial view point and skill set that greatly benefits his clients.

During his career Will has been associated with some of the St. Louis areaslarger companies. Prior to SVN | HN, Will served as Associate Director of theNational Retail Group - Marcus & Millichap where he honed his NationalMarket Real Estate Investment skills. Will also was a Principal, ManagingPartner and Broker with Commercial Brokerage Group, Inc., a 22 personfull-service Commercial Real Estate, Construction and Development firm,serving the entire St. Louis Regional Market.

Will has since continued to manage and develop his brokerage andmentoring skills. His experience and expertise aid owners in developingsuccessful strategies for their Single Tenant Net Leased Properties as well asMulti-Tenant Industrial, Office and Retail properties. Since forming SVN | HNand after utilizing the expansive network he has developed Will has beenable to expand the region he serves throughout the Midwest and South andSoutheastern area of the country. This expanded territory combined with theability to mentor and co-broker with agents across the country has broughtsubstantial benefits to his clients.

WILL HOLMAN

Managing Director

Advisor Bio

KANSAS DOLLAR GENERAL PORTFOLIO | 3 PROPERTY PORTFOLIO, VARIOUS LOCATIONS, KS 00000 SVN | Holman Norden | Page 17The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

15004 Linden StSuite 100Leawood, KS 66224T 913.538.5568C 816.305.5587rick.hurst@svn.com

PROFESSIONAL BACKGROUND

Richard Hurst, CCIM, serves as the Managing Director for SVN | The HurstCompany in Overland Park, KS. Richard is licensed in Missouri, Kansas andOklahoma and with more than 20 years of commercial real estateexperience.

Prior to affiliating with SVN, Richard owned and operated his ownindependent full service real estate firm for more than 10 years, specializingin the sales and leasing of several property types including: retail, office, andindustrial. his expertise is in retail and restaurant sales, development, andrepresentation working with national concepts such as; Caribou Coffee,Hooter's, Famous Dave's, Dairy Queen, Hardees, Supercuts, Sprint, CityTrends, City Gear, and Schlotzsky's as well as many local and regionalconcepts looking to expand within the Midwest. Richard has alsorepresented many national companies with the disposition of their assets,like VEREIT, Excess Space, and CNL. In addition to brokerage services Richardhas developed several multi-tenant retail centers throughout the Kansas CityMetropolitan area.

Active in the industry and community, Richard is a member of the NationalAssociation of Realtors, Kansas City Regional Association of Realtors, ICSC,in which he is the Missouri/Kansas Operations Chair. He is a member of theprestigious CCIM Institute where he attained the designation in 2001. On thecommunity level, as an Eagle Scout, Richard remains active with the BoyScouts of America. Richard earned his Bachelor of Science degree from theUniversity of Missouri and resides in Overland Park with his family.

MEMBERSHIPS & AFFILIATIONS

KCRARNARICSCCCIMBSAProduct Council - RetailProduct Council - Restaurant

RICHARD S. HURST, CCIM

Managing Director

Kansas Broker Of Record

KANSAS DOLLAR GENERAL PORTFOLIO | 3 PROPERTY PORTFOLIO, VARIOUS LOCATIONS, KS 00000 SVN | Holman Norden | Page 18The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Disclaimer

KANSAS DOLLAR GENERAL PORTFOLIO | 3 PROPERTY PORTFOLIO, VARIOUS LOCATIONS, KS 00000 SVN | Holman Norden | Page 19The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of theproperty within and is not to be used for any other purpose. This information should not, under any circumstances, bephotocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or usedfor any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed inthis proposal, and no other person is authorized by the Owner to provide any information or to make anyrepresentations other than contained in this Offering Brochure. If the person receiving these materials does not chooseto pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy orcompleteness of the information contained herein, and nothing contained herein is or shall be relied upon as a promiseor representation as to the future representation of the Property. This Offering Brochure may include certain statementsand estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there canbe no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and allliability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, orany other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled torely solely on those representations and warranties that may be made to it in any final, fully executed and delivered RealEstate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not lookto Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates,for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conducttheir own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expresslyreserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property andexpressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any timewith or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed RealEstate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, aprospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and theSVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchasershould not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate PurchaseAgreement shall bind the property and each prospective purchaser proceeds at its own risk.