OFFERING MEMORANDUMCintas Warehouse (BBB Credit) 2005 Brighton Henrietta Town, Rochester, NY

TABLE OF CONTENTS

EXCLUSIVE REPRESENTATION

04 Transaction Summary 05 Tenant Overview 06 Aerial Overview 07 Market Overview

Jordan ShtulmanManaging Principal847 226 4133Jordan@stream-cp.comLic: 475.152062

Phil DiGennaroManaging Director203 610 1541Phil@stream-cp.comLic: RES0804114

2

Broker of Record: Mike Antonoplos - NY-34AN1074933

This Offering Memorandum (“Memorandum”) is intended solely for the use of prospective investors in determining whether or not to pursue the possible acquisition of the Property (“the Property”) at 2005 Brighton Henrietta Town Line Road, Rochester, NY . This Memorandum is of a proprietary and confidential nature. Prospective investors and/or their advisors are expressly forbidden from sharing this information with any individuals or organizations that are not directly connected with the analysis of this investment opportunity. STREAM Capital Partners, LLC (“SCP”) has been retained as the exclusive advisor for this investment opportunity. Any and all inquiries are to be directed to SCP.By accepting this Memorandum, the recipient agrees that it will cause its directors, officers, employees and representatives to use the Memorandum and all of the information contained therein only to evaluate this specific investment opportunity and for no other purpose and shall return this Memorandum together with any copies to SCP upon request. This Memorandum contains confidential material which is non-public information. Receipt of this Memorandum constitutes your acknowledgment that you will maintain the information contained herein in strict confidence.All information contained herein has been provided by the Organization, its affiliates or other sources that SCP deems reliable; however, SCP has not independently verified any of the information, including the financial estimates and projections and selected real estate information, contained herein. This Memorandum includes information about the Organization, including selected financial information, estimates and projections that reflect various assumptions concerning anticipated results, which may or may not prove to be correct and selected real estate information which may or may not prove to be correct. Such projections and estimates may or may not be indicative of future performance, which may be significantly more or less favorable than that as reflected herein.In furnishing this Memorandum, none of the Organization, its affiliates or SCP undertakes any obligation to provide additional information or to correct or update any of the information set forth in the Memorandum. None of the Organization, its affiliates or SCP makes any representation or warranty, expressed or implied, as to the accuracy or completeness of the information contained herein in this Memorandum, or made available in connection with any further investigation of the Organization, and nothing contained herein is, or shall be relied upon as, a promise or representation, whether as to the past or the future. The recipient should rely solely on the representations and warranties made to it by the Organization or its affiliates in any executed definitive agreement.Under no circumstances should the Organization, its affiliates or any of their management, directors, shareholders, employees, customers or vendors be contacted directly.

DISCLAIMER3

Purchase Price: $6,000,000Cap Rate: 8.12%Annual Rent: $487,149

TRANSACTION SUMMARY

Tenant: Cintas Corporation No. 2

Credit: S&P: BBB

Lease Type: NNN

Remaining Lease Term: 14 years

Options to Renew: One, 5-year option @ FMV

Rent Schedule: See Rent Schedule

Rent Commencement: 03/01/2017

Lease Specifications

Location: 2005 Brighton Henrietta Town Line Rd, Rochester, NY

Building Size: 48,703 sf - 10,000 sf Office

Land Size: 1.10 acres

Year Built: 2017

Features: 7 dock doors, 62’ column spacing fully sprinklered, mechanically fastened membrane roof

Property Specifications

4

Rent Summary

1 $487,149 8.12%2 $492,994 8.22%3 $492,994 8.22%4 $498,838 8.31%5 $498,838 8.31%6 $504,682 8.41%

7 $504,682 8.41%

8 $511,014 8.52%

9 $511,014 8.52%

10 $322,414 5.37%

11 $322,414 5.37%

12 $322,745 5.38%

13 $322,745 5.38%

14 $335,564 5.59%

Lease Year Rent Cap Rate

Cintas Corporation, (S&P: BBB+), incorporated on November 13, 1986, is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services. The Company’s segments include uniform rental and facility services, and first aid and safety services. Rental processing plants, rental branches, first aid and safety facilities, fire protection facilities, direct sales offices, distribution centers and manufacturing facilities are all utilized by the businesses included in All Other.

The Company’s uniform rental and facility service segment offers services, which includes rental and servicing of uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items. It also offers restroom cleaning services and supplies, carpet and tile cleaning services and the sale of items from its catalogs. It provides its products and services to customers through local delivery routes originating from rental processing plants and branches. The Company’s first aid and safety service segment offers services, which includes first aid and safety products and services. It provides its products and services through its distribution network and local delivery routes or local representatives.

As of May 31, 2016, the Company provided its products and services to over 900,000 businesses of all types from small service and manufacturing companies to major corporations. As of May 31, 2016, the Company operated five manufacturing facilities that provide for standard uniform needs. It provides its products and services to customers via local delivery routes originating from rental processing plants and branches.

TENANT OVERVIEW 5

AERIAL OVERVIEW 6

University of Rochester

11,000+ Students

Central Business

District

Greater Rochester International Airport

Strong MemorialHospital830 Beds

Highland Hospital247 Beds

Subject Property

Business in Rochester

• Over 1,500 Manufacturers | 66,000 Employees in the Rochester Area

• Bausch & Lomb HQ since 1853

• Eastman Business Park - a 1,200 acre industrial park, one of the nation’s largest, with over 70 companies

• 100 Food & Beverage Companies including • Barilla Pasta, • Constellation Brands, • Dr. Pepper/Snapple, • Kraft-Heinze, • Seneca Foods, • North American Breweries

Gleason WorksCorporate HQ

Rochester Instituteof Technology

12,000+ Students

Wegmans FoodsCorporate HQ

Demographics | Rochester

MARKET OVERVIEWBuffalo, NY 74 MilesSyracuse, NY 87 Miles

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1-mile 3-mile 5-milePopulation 3,215 63,698 181,272Avg. Household Income $53,054 $74,202 $78,434

Rochester combines small-town accessibility with big-city services. Amidst some of the most beautiful scenery in the United States, residents enjoy a housing market known for great bargains, short commute times, world-class cultural and entertainment offerings and a fast-growing innovation economy poised to thrive in the 21st century. The Rochester area is known for its increasingly diverse high technology sphere encompassing STEM (science, technology, engineering and mathematics) fields.

Rochester’s economy benefits from many advantages, including an ample supply of fresh water from Lake Ontario and the pristine Finger Lakes, a central location among the population centers of the Northeastern United States and the innovative foundations laid by such firms as Kodak, Xerox and Bausch and Lomb. A host of colleges and universities, including the University of Rochester and the Rochester Institute of Technology, produce an educated workforce and generates cutting-edge research that drives the city’s innovation and technology sectors. Rochester is emerging as the imaging, optics and photonics capital of the world and in 2015 the White House announced that new Integrated Photonics Institute for Manufacturing Innovation would be located in Rochester. Other growing industries include food-and-beverage manufacturing, biotechnology and green innovation.

The city’s central location in Western New York provides residents a short drive to such destinations as the Niagara Falls, the Finger Lakes region and the Adirondack Mountains. Big cities, including New York, Toronto, and Boston are also within a day’s drive.

The Rochester Metropolitan Industrial market is comprised of almost 80 msf of occupied space. Industrial occupiers are finding it difficult to find space within the already existing inventory, thus driving demand for new construction.

Broker of Record | Mike Antonoplos - NY-34AN1074933

EXCLUSIVE REPRESENTATION

Jordan ShtulmanManaging Principal

847 226 4133Jordan@stream-cp.com

Lic: 475.152062

Phil DiGennaroManaging Director

203 610 1541Phil@stream-cp.com

Lic: RES0804114

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