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I N D U S T R I A L

RYDER TRUCK RENTALOFFERING MEMORANDUM

2539 SULLIVAN RD | COLLEGE PARK, GA 30337

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BROKER OF RECORD

EXCLUSIVE LISTING AGENTS:HARRISON AUERBACHAssociate | Industrial

DIRECT 1 404 445 1092MOBILE 1 407 312 1284harrison.auerbach@matthews.comLIC # SL3422263 (FL)

CONTENTINVESTMENT SUMMARY 3

FINANCIAL OVERVIEW 5

AREA OVERVIEW 14

KYLE MATTHEWSBroker of RecordFIRM # 67120 (GA)

ALEXANDER HARROLDAVP & Senior Director | Industrial

DIRECT 1 310 919 5790MOBILE 1 310 977 1651alex.harrold@matthews.comLIC # 02009656 (CA)

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INVESTMENT SUMMARY

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INVESTMENT SUMMARYINVESTMENT HIGHLIGHTS

• Passive Lease – Ryder Truck Rental is operating on a NN+ Lease with landlord responsible for roof and structural elements of the property. Original 3-year lease with 3% Annual Rent Increases and 1, 3-year option to renew. Below market Rents.

• Great Quality Building – This ±30,000 SF facility has an additional 12,000 SF for outside storage needs. Sitting on just under 4.5 acres of land and boasting over 20’ clear heights, this metal building saw several feature updates in 2019.

• Recent Improvements (2019) – Just this year alone, there have been over $100,000 of Building Improvements.

• Expanded interior space to create pathway for forklift traffic

• New floorcovering in front office to include VCT & Carpet

• Polish Floors in front sales area and storage area

• Painting of all front of house walls

• Installation (4) new edge of dock levelers

• Strong Location – Located 1 mile from Hartsfield/Jackson International Airport and about ¼ mile from Highways I-85 and I-285 (The Perimeter). The site is positioned in the Airport/N Clayton submarket of the Atlanta MSA. Cumulative rent increases in Atlanta have been in the top third of the nation since early 2015.

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INVESTMENT SUMMARY

FINANCIAL OVERVIEW

Tenant Trade Name Ryder Truck Rental

Parent Company Ryder Integrated Logistics, Inc

Lease Guarantor Corporate

Type of Ownership Fee Simple

Lease Type NN+

Landlord Responsibilities Roof, Structure, HVAC Replacement, Parking

Tenant Responsibilities Taxes, Utilities, Insurance

Initial Lease Term 3 Years

Term Remaining 3 Years

Increases 3% Annual

Options Remaining One, 3-Year Option

List Price $2,142,000

Price/SF $71.40

Cap Rate 7.00%

Average Cap Rate 7.21%

Total SF 30,000 SF

Outside Storage SF 12,000 SF

Acres 4.23 AC

Coverage Ratio 16.28%

Year Built 1976

RYDER TRUCK RENTAL2539 Sullivan Rd

College Park, GA 30337

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ANNUALIZED OPERATING DATALease Year Dates Monthly Annual Rent/SF Cap Rate

Year 1 6/13/19 - 6/12/20 $12,500.00 $150,000.00 $5.00 7.00%

Year 2 6/13/20 - 6/12/21 $12,875.00 $154,500.00 $5.15 7.21%

Year 3 6/13/21 - 7/12/22 $13,261.00 $159,132.00 $5.30 7.43%

Year 4 7/13/22 - 7/12/23 $13,659.09 $163,909.08 $5.46 7.65%

Year 5 7/13/23 - 7/12/24 $14,068.86 $168,826.32 $5.63 7.88%

Year 6 7/13/24 - 7/12/25 $14,490.93 $173,891.16 $5.80 8.12%

DHL Global Forwarding

Network GlobalLogistics

±70,000 ADT

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SURROUNDING AREA

HARTSFIELD-JACKSON ATLANTA INTERNATIONAL AIRPORT

SUBJECT PROPERTY

I-285 ±118,000 VPD

I-85 ±70,000 VPD

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SUBJECT PROPERTY

HARTSFIELD-JACKSON ATLANTA INTERNATIONAL AIRPORT

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LOCATION OVERVIEW

College Park is a city in Fulton County and Clayton County, Georgia, United States, adjacent to the southern boundary of the city of Atlanta. As of the 2010 census, the population was 13,942. Hartsfield–Jackson Atlanta International Airport is partially located in the city’s boundaries (including the domestic terminal, Concourse T, Concourse A, and about two-thirds of Concourse B), and the Georgia International Convention Center, owned and operated by the City of College Park, is within the city limits.

Located near the intersection of Interstates 85 and 285, this neighborhood has easy access to Atlanta and other nearby large cities. With an estimated median home value well above the state average, College Park’s real estate is booming. The area saw approximately 14% population growth from 2010 to 2018. Real estate in the area has appreciated 53.21% since 2000 with an annual appreciation rate of 2.37%.

College Park is also known for its great nightlife and diversity. In 2018 it was ranked on the list of Best Suburbs for Millennials in Georgia and Most Diverse Suburbs in Georgia.

COLLEGE PARK, GA

Population 1 Mile 3 Mile 5 Mile

2019 Population: 5,884 56,906 160,212

2024 Population: 6,216 60,154 170,412

Pop Growth 2019-2024: 5.64% 5.71% 6.37%

Housholds 1 Mile 3 Mile 5 Mile

2019 Households: 2,264 21,950 62,973

HH Growth 2019-2024: 6.41% 6.23% 6.78%

Income 1 Mile 3 Mile 5 Mile

Average Household Income $45,253 $57,156 $59,482

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MARKET OVERVIEWAtlanta is the logistics hub and economic engine of the Southeast, which is the fastest growing region in the country. Its 700 million square feet of industrial space makes it the fifth largest logistics market in the United States.

Traditionally, population and job growth are key drivers of industrial demand, and Atlanta has had strong growth in each. The city is constantly growing and adding roughly 214 new residents every day which in return only nurtures the economic development. Atlanta has experienced solid job growth, growing 2.5% last year, second only to the Dallas/Fort Worth Metroplex.

Specifically, E-Commerce has caused a surge in demand for industrial space that has benefitted the Atlanta industrial market. Online retail sales now make up over 9 percent of total retail sales, according to the U.S. Census Bureau, up from 5 percent in 2012.

The Atlanta industrial market continues to be one of the top markets in the country, with 2017 being a record-setting year. But it is the consistency of the demand over the last five years that has been most impressive. The market absorbed more than 83 million square feet during this timeframe, averaging just under 17 million square feet annually.

GREATER ATLANTA INDUSTRIAL MARKET

UNDERWAYCurrently, the Atlanta industrial market has 23.1 million square feet of new space under construction.

DELIVEREDDuring the last 12 months the Atlanta industrial market has seen 17.2 million square feet enter the inventory.

RANKAtlanta is third in the U.S. for industrial spaceunder construction behind Dallas at 31.1 msf and Inland Empire at 23.6 msf.

This Offering Memorandum contains select information pertaining to the business and affairs of the Ryder Truck Rental located at 2539 Sullivan Rd, College Park, GA 30337 (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum for the Property, you agree:

The Offering Memorandum and its contents are confidential;

You will hold it and treat it in the strictest of confidence; and

You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

CONFIDENTIALITY & DISCLAIMER STATEMENT

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I N D U S T R I A L

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I N D U S T R I A L

BROKER OF RECORDKYLE MATTHEWS

Broker of RecordFIRM # 67120 (GA)

EXCLUSIVE LISTING AGENTS:

ALEXANDER HARROLDAVP & Senior Director | Industrial

DIRECT 1 310 919 5790MOBILE 1 310 977 1651

alex.harrold@matthews.comLIC # 02009656 (CA)

OFFERING MEMORANDUM

HARRISON AUERBACHAssociate | Industrial

DIRECT 1 404 445 1092MOBILE 1 407 312 1284

harrison.auerbach@matthews.comLIC # SL3422263 (FL)

RYDER TRUCK RENTAL2539 SULLIVAN RD | COLLEGE PARK, GA 30337