CIRE PartnersCOMMERCIAL INVESTMENT REAL ESTATE

Investment Offering - Single Tenant 407 S Main Street | Clinton, Indiana

For more information contact: Andrew Slade, Executive Vice President (858) 367-5902Exclusively Listed in Association with: Continental Real Estate IN Lic. #RB14036724

*Representative Photo

Confidentiality & Disclaimer The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended only to be reviewed by the party receiving it from CIRE Brokerage Services Inc. dba CIRE Partners (hereafter “CIRE Partners”) and should not be made available to any other person or entity without the written consent of CIRE Partners. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. CIRE Partners has not made any investigation and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulators, 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. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, CIRE Partners has not verified, and will not verify, any of the information contained herein, nor has CIRE Partners conducted any investigation regarding theses matters and makes 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. This is not an appraisal. Please consult your CIRE Partners agent for more details. The information contained herein was obtained from sources believed reliable, however, CIRE Partners makes no guaranties, warranties or representations as to the completeness thereof. This document has been prepared by CIRE Partners for advertising and general information only. CIRE Partners excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from.

For more information contact:

Andrew Slade(858) 367-5902 direct aslade@cirepartners.com CA BRE #01746250Exclusively Listed in Association with: Continental Real Estate IN Lic. #RB14036724

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s section Iexecutive summary

section IIproperty description

section IIImarket information

section IVtenant profiles

Investment Offering - Single Tenant 407 S Main Street | Clinton, Indiana

Old National Bank | Portfolio Sale

CIRE Partners is pleased to exclusively offer for sale a single tenant bank located in Clinton, Indiana. The investment contains a corporately guaranteed lease from Old National Bank (Aa3 Moody’s Credit Rating). The current lease term runs until 2022 and has four, five year option periods with annual rent increases throughout the remaining lease term and option periods. The property is located in Clinton, IN which is located in Vermilion County 13 miles north of Terre Haute and 66 miles west of Indianapolis. The city is considered to be part of the Terre Haute metropolitan area. Clinton has a population of 5,126. Indianapolis, IN is the major city in the region and the largest city in Indiana. Indianapolis is the twelfth largest city in the United States with a growing population of 800,000 and a strong economy supported by manufacturing, agricultural and service industries. The leading employers in the area include electronics, pharmaceuticals, publishing, food processing and insurance companies.

property snapshot

*Representative Photo

407 S Main Street | Clinton, IndianaTotaling ±14,074 Square FeetSingle Tenant Absolute NNN Leased - RetailFee-Simple OwnershipNo Landlord Responsibilities

pricing informationPurchase Price $2,353,000NOI $188,276CAP Rate 8.00%Lease Term ±4 Years Remaining

Address City, State Total SF Remaining Lease Term NOI Year 1 NOI $/SF 2017 Branch Deposits

407 S Main Street Clinton, Indiana ±14,074 SF ±4 Years Remaining $185,494 $13.18 / SF $60,785,000

FDIC 2000

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47062 49322 53229 51922 51761 49986 52269 54259 53547 52608 53170 53837 57687 56794 57161 53976 56311 60785

Note: All FDIC Branch Deposits shown in $000's.

executive summarypage 3

407 S Main Street | Clinton, Indiana

investment overviewPurchase Price $2,353,000NOI $188,276CAP Rate 8.00%Address 407 S Main Street | Clinton, IndianaBuilding Size / Lot Size ±14,074 SF / ±51,400 SFType of Ownership Fee SimpleLease Term Remaining ±4 Years RemainingRenewal Options 4 - Five Year OptionsLease Type Absolute NNNLandlord Responsibilities NoneAnnual Increases 1.5% Annually

investment highlights• The subject property is located in the immediate area of several tenants including:

First Financial Bank, Fifth Third Bank, TrueValue Hardware, Ace Hardware, Dairy Queen, Cingular Stores, Citgo Gas, etc.

• Absolute NNN Lease- No Landlord Responsibilities Whatsoever• Corporate Guarantee by Old National Bancorp• Credit Rating (Moody’s) Aa3, Stable / A3, Stable (Total Assets $14.9 billion 2016)• 1.5% Annual Increases• Large Parcel – Property Situated on Over an Acre of Land

2015 demographics1 mile 3 miles 5 miles

total population 3,941 8,364 10,406

total households 1,595 3,441 4,273

average household income $40,853 $49,187 $50,969

Clinton City Court

Union Hospital Clinton

Year Annual Rent* Monthly Rent Monthly ($/SF)

10/2018 - 10/2019 $188,276 $15,690 $1.11 / SF

10/2019 - 10/2020 $191,101 $15,925 $1.13 / SF

10/2020 - 10/2021 $193,967 $16,164 $1.15 / SF

10/2021 - 10/2022 $196,877 $16,406 $1.17 / SF

*NOI based on an assumed annual CPI increase of 1.5%.

property descriptionpage 4

407 S Main Street | Clinton, Indiana

S Main Street

163163

property site plan

property descriptionpage 5

407 S Main Street | Clinton, Indiana

location map

property descriptionpage 6

407 S Main Street | Clinton, Indiana

photo Property Address SF NOI $/SF

4805 East 96th Street Indianapolis, IN

±5,945 SF $327,624 $55.11 / SF

402 Main StreetMt. Vernon, IN

±21,700 SF $548,924 $25.30 / SF

1703 W Broadway Princeton, IN

±6,909 SF $362,024 $52.40 / SF

1825 Lafayette AvenueTerre Haute, IN

±7,500 SF $406,543 $54.21 / SF

311 SE 21st Street Washington, IN

±5,600 SF $293,434 $52.40 / SF

3012 West Parrish AvenueOwensboro, KY

±3,336 SF $178,134 $53.40 / SF

market informationpage 7

market rent comparables

*Some Representative Photos have been used in Comparables.

407 S Main Street | Clinton, Indiana

tenant profilespage 8

tenant profile

Year Founded 1834

Headquarters Evansville, Indiana

Website www.oldnational.com

Total Locations 200+

Total Employees 2,652

Total Assets $14.9 Billion

Moody's Rating Aa3

Old National Bank is a top 100 ranked banking company in the United States and dominant institution in markets throughout Indiana, southeastern Illinois, western Kentucky, and southwestern Michigan. Old National Bank has developed its business on the foundation of community banking, building long-term, highly valued partnerships with its clients. The Bank’s unfailing commitment to its core strategy has led it to become the largest financial services holding company in its home state of Indiana as well as demonstrating the top three market share in 13 of the bank’s primary markets. Old National Bank currently holds an Aa3 credit rating (Moody’s).

Headquartered in Evansville, Indiana, Old National Bank boasts a market capitalization of $2.44 billion (6/2015), over $10.8 billion in deposits, and $14.9 billion in total assets. Not only does the offering benefit from the high investment grade credit rating of the Tenant, but Old National Bancorp, the Parent company, also serves as the unconditional guarantor under the Lease. The guaranty further enhances the credit profile and security of the offering, an added benefit not commonly found in traditional bank branch leases. Old National Bank is Indiana’s largest bank with $6.5 billion in statewide deposits and the branches included in the Portfolio have over $379 million in total deposits.

A majority of the Old National Portfolio bank branches are situated along primary commercial corridors and feature excellent visibility and access. Many of the branches are located on hard corners proximate to bustling shopping centers or within dense residential communities. Within five miles of each branch, the average annual household incomes are nearly $60,000. Indiana is consistently ranked as one of the ten lowest cost states to live in the United States, which helps attract business to the state and increases individuals’ purchasing power.

Furthermore, the majority of the county unemployment rates are well below the state and national average rates, reflecting the superior employment conditions within the local markets. The Old National Bank Portfolio will be transferred free and clear of debt. Investors will be able to capitalize on today’s attractive debt markets and secure highly aggressive and favorable financing.

CIRE PartnersCOMMERCIAL INVESTMENT REAL ESTATE

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