OFFERING MEMORANDUM

NAME OF THE PROPERTY City, State

TRACTOR SUPPLYCOMPANYEbensburg, PA

Andrew FallonExecutive Managing Director

703.787.4733 | afallon@calkain.com

Asset Summary

Net Operating Income (NOI) CONFIDENTIAL

Rent/Month CONFIDENTIAL

Rent/SF CONFIDENTIAL

Rentable Square Feet 19,097+/- SF

Land Area 2.56+/- Acres

Parking Spaces 100+/-

Tenant Name Tractor Supply Company

Stock Symbol Nasdaq: TSCO

Guarantor Corporate

Ownership Type Fee Simple

Lease Type NN

Landlord Responsibilities Roof, Structure & Parking

Store Opened 2017

Lease Term Remaining 15 Years

Rent Commencement October 14, 2017

Lease Expiration October 31, 2032

Increases7.70% Every 5 Yrs Throughout Primary

Term; 5.00% Every 5 Yrs in Options

Options Three (3), Five (5) Years

Investment Highlights

• Long term 15-year net lease with corporate guaranty

• Brand new built-to-suit with structured rent increases every 5 years

• Located in busy College Plaza Shopping Center – next to Penn Highlands Community College (2nd best community college in Pennsylvania)

• Interstate location with nearby retailers including Sheetz, Dollar General and Advance Auto Parts

Rent ScheduleTerm Increases Annual Rent Monthly Rent

10/14/2017 – 10/31/2022 - CONFIDENTIAL

11/1/2022 – 10/31/2027 7.7%

11/1/2027 – 10/31/2032 7.7%

11/1/2032 – 10/31/2037 1st Option

5.0%

11/1/2037 – 10/31/2042 2nd Option

5.0%

11/1/2042 – 10/31/2047 3rd Option

5.0%

Asking Price$3,025,000

875 Hills PlazaEbensburg, PA 15931

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Tractor Supply Company | Financial Summary

Tenant Snapshot

About Tractor Supply CompanyTractor Supply Company is the largest operator of rural lifestyle retail stores in America. Founded in 1938 as a mail order tractor parts business, Tractor Supply Company (also referred to as TSC) owns and operates over 1,853 stores in 49 states, including 1,685 Tractor Supply stores and 168 Petsense pet specialty stores and e-commerce websites at TractorSupply.com and Petsense.com. Based in Brentwood, Tenn., Tractor Supply is a public company whose stock is traded on The Nasdaq National Market under the symbol TSCO.

At TSC, customers find everything they need to maintain their farms, ranches, homes and animals. As the inventors of the “do it yourself” trend, their customers handle practically every chore themselves, from repairing wells to building fences, welding gates together, constructing feed bins, taking care of livestock and pets, repairing tractors and trucks and building trailers for hauling.

TSC’s products include: clothing, equine and pet supplies, tractor/trailer parts and accessories, lawn and garden supplies, sprinkler/irrigation parts, power tools, fencing, welding and pump supplies, riding mowers and more.

# of Locations

1,853

Stock Symbol

Nasdaq: TSCO

Year Founded

1938

2017 Revenue

$7.3Bil

Market Cap

$9.60Bil

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Tenant Overview

Site Photos

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Surrounding Retail

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Hollywood

Harrisburg

Pittsburgh

Baltimore4

81

75

76

Philadelphia

Hagerstown

Washington

70

83

99

Altoona

95

95

Subject Site

Altoona, PA 24 miles

State College, PA 67 miles

Pittsburgh, PA 70 miles

Hagerstown, MD 123 miles

Harrisburg, PA 145 miles

Washington, DC 188 milesDistance To

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Location Overview

Keep all map content (except background) above this margin for website cropping purposes

Keep all map content (except background) above this margin for website cropping purposes

Admiral Peary Hwy 2

4,000 VPD

219

Subject Site

22

875 Hills Plaza | Ebensburg, PA 15931

Keep all map content (except background) above this margin for website cropping purposes

Admiral Peary Hwy 2

4,000 VPD

Subject Site219

875 Hills Plaza | Ebensburg, PA 15931

Location Highlights

Accesible from

Route 219

24,000 VPD

Pass the Site

National Tenant

Shopping Center

PROPOSEDTRACTOR SUPPLY CO.

19,097 S.F.

DISPLAY AREA±12,200 S.F.

FENCED OUTDOOR

S

Subject Site

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Site Plan

3 Mile 5 Miles 10 MilesPopulation2018 Population 6,176 13,153 46,373

2023 Population 5,850 12,331 43,468

2018 Median Age 45.3 44.7 43.1

Households2018 Total Households 2,745 5,511 18,731

2023 Total Households 2,692 5,343 18,151

Median Household Income2018 Median HH Income $64,463 $59,197 $54,890

2023 Median HH Income $73,972 $67,825 $63,257

Average Household Income2018 Average HH Income $89,971 $80,253 $70,680

2023 Average HH Income $113,407 $104,127 $87,919

Population 46,373

Median Age 43.1

Avg HH Income $70,680

Total Businesses 1,844

Total Employees 17,510

Net Worth $510,956

10 Mile Radius | Demographics

Location Overview, 3/5/10 Miles

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Ebensburg, PAEbensburg, first permanent settlement on the Allegheny Front, is built on lands purchased by the Cambria Company of the Welsh visionary Morgan John Rhys’ in 1796 from Dr. Benjamin Rush, Philadelphia, signer of the Declaration of Independence. Rev. Rhys’ model village at Beulah, three miles west of here, failed but the outlying cabins of Rees Lloyd, who had led the advance party of the Cambria Company up onto the mountain, developed into a coherent community which within a decade became the seat of the newly-formed Pennsylvania county.

In 1796, pioneer huts clustered about the gully and creek running down from the “Big Spring” toward the Conemaugh. This spring located on Crawford (Water) Street provided plenteous natural potable water to the community center for over 150 years without ever going dry.

To date, three log houses remain from the pioneer period including Cambria County’s oldest structure, the Hugh Robert’s Homestead – 1799 on East High Street. Other log structures are the David Schinkle House – 1825 on Shinkle Mill Road and the Griffith Homestead – 1810 on the Willmore Road.

This mountain town was the hub of our young nation’s last great push westward over the Appalachians. Early newspaper accounts describe High Street as being lined with conestoga wagons and migrants staying in such early hostelries as the Berryhill Inn, California House, Cambria House and the Mountain House.

The second phase of Ebensburg’s development was that of a mountain resort. Word of the area’s scenic beauty spread and the natural springs which attracted the first settlers became famous. The urban rich of New York, Philadelphia and Pittsburgh flocked to Belmont, Lloyd Springs and the Mountain House, hotels whose registers contain names such as Andrew Carnegie, William H. Vanderbilt, and Mary Todd Lincoln. Many built “cottages” of fifteen to twenty rooms and entered the life of the community as “summer people”. Some, like Pittsburgh philanthropist D.E. Park, contributed generously to the welfare of native residents especially after the Great Fire of 1915 which destroyed most of the downtown landmarks. Many of these “summer cottages” such as the Bissell Home – 1890 (L.R. Kimball headquarters), the D.E. Park Mansion – 1900 (Aquinas Hall, B.C.H.S) and the D.C. Phillips Estate can still be seen as well as the year-round residence of the Evans-Kephart House – 1885, M.D. Kittell House – 1910, Phillip Noon House – 1834 (Noon-Collins Inn) and the A.W. Buck House which now houses the Cambria County Historical Society.

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Market Overview

About UsCalkain Companies LLC is a boutique commercial real estate investment banking firm that provides consulting and brokerage services to both private and institutional clientele with a focus on single tenant net lease investments. It prides itself on being an innovative leader by providing its clients a full array of commercial real estate investment brokerage and asset management solutions, including advisory, research, debt and equity placement and wealth management.

Calkain has built solid, lasting relationships that have been the cornerstone of how they do business. Calkain approaches each assignment with an eye toward each client’s individual needs. Whether private or institutional investors, Calkain delivers real estate solutions that maximize value while building wealth for all of its clients.

At Calkain, their foresight and innovation are leading the net lease investment industry.

Building a solid foundation for your investment portfoliocalkain.com

Disclaimer: The information contained in this document is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Calkain and its subsidiaries, and should not be made available to any other person or entity without the written consent of Calkain. This document has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property(s). The information contained herein is not a substitute for a thorough due diligence investigation. Calkain and its subsidiaries have not made any investigation, and make no warranty or representation, with respect to the income or expenses for the subject property(s), the future projected financial performance of the property, the size and square footage of the property(s) and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property(s). The information contained in this document has been obtained from sources we believe to be reliable; however neither Calkain and its subsidiaries nor the Seller have verified, and will not verify, any of the information contained herein, nor has Calkain and its subsidiaries or the Seller conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

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