™990 EAST PIEDMONT ROAD, MARIETTA, GA 30062

NTB

OFFERING MEMORANDUM

Representative Photo

CONFIDENTIALITY & DISCLAIMER STATEMENT

This Offer ing Memorandum contains select informat ion pertaining to the business and af fa i rs of NTB located at 990 East Piedmont Road, Marietta, GA 30062 (“Property”) . I t has been prepared by Matthews Retai l Advisors . This Offer ing Memorandum may not be al l - inclusive or contain a l l of the informat ion a prospect ive purchaser may desire. The informat ion contained in th is Offer ing Memorandum is conf ident ia l and furnished solely for the purpose of a review by a prospect ive purchaser of the Property. I t is not to be used for any other purpose or made avai lable to any other person without the wri t ten consent of Sel ler or Matthews Retai l Advisors . The mater ia l is based in part upon informat ion suppl ied by the Sel ler and in part upon f inancial informat ion obtained from sources i t deems rel iable. Owner, nor their of f icers , employees, or agents makes any representat ion or warranty, express or impl ied, as to the accuracy or completeness of th is Offer ing Memorandum or any of i ts contents and no legal l iabi l i ty is assumed or shal l be impl ied with respect thereto. Prospect ive purchasers should make their own project ions and form their own conclusions without rel iance upon the mater ia l contained herein and conduct their own due di l igence.

By acknowledging your receipt of th is Offer ing Memorandum for the Property, you agree:

1 . The Offer ing Memorandum and i ts contents are conf ident ia l ;

2 . You wi l l hold i t and treat i t in the str ictest of conf idence; and

3. You wi l l not , d i rect ly or indirect ly, d isclose or permit anyone else to disclose this Offer ing Memorandum or i ts contents in any fashion or manner detr imental to the interest of the Sel ler.

Owner and Matthews Retai l Advisors expressly reserve the r ight , at their sole discret ion, to reject any and al l expressions of interest or of fers to purchase the Property and to terminate discussions with any person or ent i ty reviewing this Offer ing Memorandum or making an of fer to purchase the Property unless and unt i l a wr i t ten agreement for the purchase and sale of the Property has been ful ly executed and del ivered.

I f you wish not to pursue negot iat ions leading to the acquis i t ion of the Property or in the future you discont inue such negot iat ions, then you agree to purge al l mater ia ls relat ing to th is Property including this Offer ing Memorandum.

A prospect ive purchaser ’s sole and exclusive r ights with respect to th is prospect ive t ransact ion, the Property, or informat ion provided herein or in connect ion with the sale of the Property shal l be l imited to those expressly provided in an executed Purchase Agreement and shal l be subject to the terms thereof. In no event shal l a prospect ive purchaser have any other c la ims against Sel ler or Matthews Retai l Advisors or any of their af f i l iates or any of their respect ive of f icers , Directors , shareholders, owners, employees, or agents for any damages, l iabi l i ty, or causes of act ion relat ing to th is sol ic i tat ion process or the market ing or sale of the Property.

This Offer ing Memorandum shal l not be deemed to represent the state of af fa i rs of the Property or const i tute an indicat ion that there has been no change in the state of af fa i rs of the Property s ince the date this Offer ing Memorandum.

TABLE OF CONTENTS

04. Execut ive Summary

06. Property Overv iew

12. Tenant Overv iew

14. Area Overv iew

990 EAST PIEDMONT ROAD, MARIETTA, GA 30062

NTB

Kyle MatthewsBroker of Record

License No. 363764

™

Braden CrockettSenior Associate

License No. 01946071O 310.919.5814M 714.345.6206braden.crockett@matthews.com

EXECUTIVE SUMMARY

Investment Highlights

OFFERING:

• Attractive Offering Price of only $1,454,545

• Low Replaceable Rent when compared to market of only $15.78/SF

• Brand New 15 Year NNN Lease

• 10% Increases Every 5 Years

• Quality Brick Construction

LOCATION:

• Out-parceled to Publix anchored center

• The immediate trade area is one of the wealthiest suburbs of Atlanta

• Over 190,000 people in a 5-Mile radius

• Almost $100,000 average income in the 1,3 & 5-Mile radii

• Well-positioned right off of Roswell Road, which is a heavily trafficked thoroughfare that sees well over 45,000 ADT

TENANT:

• NTB is owned by TBC Corporation, which operates almost 1,000 locations in addition to 2,500 franchised retail locations generating an estimated $3.56 Billion in annual revenue

• TBC has ranked #1 for independent US Tire Dealerships

• TBC operates under many household recognized brands such as National Tire & Battery, Tire Kingdom, Big O Tires, Midas and SpeeDee Oil

• TBC is owned by Sumitomo Corporation of America, a subsidiary of Sumitomo Corporation, which boasts an A- credit rating by Standard & Poor’s from 1/15/2016

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Executive Summary

NTB990 East Piedmont Road Marietta, GA 30062

List Price ............................................................................................$1,454,545

CAP Rate - Current ...................................................................................5.50%Gross Leasable Area ...................................................................... ± 5,070 SF Lot Size ................................................................... ± 0.54 Acres (23,653 SF)Year Built / Renovated ................................................................... 1994 / 2017

Annualized Operating DataMonthly Rent Annual Rent Rent/SF Cap Rate

3/1/2017 - 2/28/2022 $6,666.67 $80,000.00 $15.78 5.50%

3/1/2022 - 2/28/2027 $7,333.33 $88,000.00 $17.36 6.05%

3/1/2027 - 2/28/2032 $8,066.67 $96,800.00 $19.09 6.65%

Option 1: 2/28/2037 $8,873.33 $106,480.00 $21.00 7.32%

Option 2: 2/28/2042 $9,760.67 $117,128.00 $23.10 8.05%

Option 3: 2/28/2047 $10,736.73 $128,840.80 $25.41 8.86%

Tenant Summary

Tenant Trade Name NTB

Type of Ownership Fee Simple

Lease Guarantor Corporate

Lease Type NNN

Roof and Structure Structure Only

Original Lease Term 15 Years*

Lease Commencement Date 3/1/2017

Lease Expiration Date 2/28/2032

Term Remaining on Lease 15 Years

Increases 10% Every Five (5) Years

Options Three (3), Five (5) Year Options

*Tenant may terminate the lease during the last two (2) years of the Primary Term by giving Landlord one hundred and eighty (180) days’ written notice. If Tenant shall exercise this right of termination, then Tenant shall pay as consideration to Landlord on the date of termination an equal amount to one (1) year’s Base Monthly Rent. Representative Photo

PROPERTY OVERVIEW

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Physical Description

Property Name NTB

Property Address 990 East Piedmont Road

Marietta, GA 30062

Assessor’s Parcel Number 16-0986-019

Zoning NRC/WS

Site Description

Number of Stories One

Year Built / Renovated 1994 / 2017

Gross Leasable Area (GLA) ± 5,070 SF

Lot Size ± 0.54 Acres (23,653 SF)

Type of Ownership Fee Simple

Parking ± 30 Surface Spaces

Parking Ratio 5.92 : 1,000 SF

Landscaping Professional

Topography Generally Level

Construction

Foundation Concrete Slab

Framing Metal

Exterior Brick

Parking Surface Concrete

Roof Pitched

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Aerial

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Regional Map

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Tenant Map

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Bird’s Eye

Roswell Rd NE ± 45,000 ADT

E Piedmont Rd

TENANT OVERVIEW

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Property Name National Tire and Battery (NTB)

Parent Company Trade Name TBC Corporation

Ownership Private

No. of Locations (All) ± 3,600

No. of Employees (All) ± 9,400

Headquartered Palm Beach Gardens, Florida

Website www.ntb.com

Year Founded 2001

TENANT OVERVIEWNational Tire and Battery (NTB) is an American brand of auto service centers that was created by Sears in 1997. In 2003, NTB was sold to TBC Corporation, one of the nation’s largest vertically integrated marketer of tires for the automotive replacement market. The company’s retail operations include company-operated tire and automotive service centers under the “Tire Kingdom”, “Merchant’s Tire & Auto Centers” and “National Tire & Battery” brands, and franchised stores under the “Big O Tires” brand. TBC markets on a wholesale basis to regional tire chains and distributors serving independent tire dealers throughout the United States, Canada, and Mexico. Sumitomo Corporation of America purchased TBC in 2005, ending the company’s long spell as a publicly traded company on NASDAQ. TBC Corporation continues to function as an independent company of Sumitomo and provide the same services and products.

OPERATIONS

In addition to its fast-growing retail operation of over 3,600 franchised and company-owned tire and auto service centers, TBC serves independent tire dealers through Carroll Tire, a regional tire wholesale distributor, and National Tire Warehouse. Through its Carroll Tire wholesale distribution centers, TBC also markets directly to independent tire dealers across the United States. Carroll Tire Company sells a wide variety of proprietary and national brands from 38 distribution centers.

GEOGRAPHIC OUTREACH

TBC Corporation has more than 3,600 auto service centers nationwide in 41 states, Washington D.C., Alberta & British Columbia, Canada.

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Marietta, Georgia

Settled in the historic foothills of Kennesaw Mountain along the dramatic backdrops of the Chattahoochee River in northwestern Georgia, Marietta is a city characterized by numerous natural resources, affordable real estate and cultural assets. Just 18 miles northwest of downtown Atlanta, Marietta is the county seat of Cobb County and one of the state’s most populous cities. The city is a full-service municipality that provides residents a high quality of life and sense of community.

A growing business environment of industry and commerce is fostered by the city’s sound economic foundation, which is rooted in its base of over one hundred Fortune 500 companies and a longstanding aeronautics industry. Expanding economic clusters in health services, hospitality, tourism and entertainment have positioned Marietta for continuing private sector investment, new business and industry development.

Honoring its past and embracing its future as a vibrant and charming Southern city, Marietta is a thriving community with modern, world-class amenities. Visitors and residents can take advantage of an abundance of recreational activities, outdoor concerts, festivals and an exciting selection of attractions, including two Nationally Registered Historic Landmarks. Glover Park and Marietta Square lie at the center of the city, and “old town” center that has undergone redevelopment into the picturesque heart of Marietta’s historic revitalization. Marietta Square contains an eclectic mix of busy restaurants, lively nightspots, several museums, a Broadway-style theater and a treasure-trove of specialty shops.

AREA OVERVIEW

14 | NTB

DemographicsPopulation 1-Mile 3-Mile 5-Mile

2021 Projection 9,325 72,761 197,935

2016 Estimate 8,715 69,549 189,019

2010 Census 7,985 66,090 179,300

Growth 2016 - 2021 6.99% 4.62% 4.72%

Growth 2010 - 2016 9.15% 5.23% 5.42%

Growth 2000 - 2010 13.00% 0.60% -0.35%

Households 1-Mile 3-Mile 5-Mile

2021 Projection 3,834 29,172 79,451

2016 Estimate 3,554 27,638 75,237

2010 Census 3,206 25,832 70,291

Growth 2016 - 2021 7.88% 5.55% 5.60%

Growth 2010 - 2016 10.88% 6.99% 7.04%

Growth 2000 - 2010 16.54% 1.02% 2.16%

Income 1-Mile 3-Mile 5-Mile

2016 Est. Average Household Income

$100,828 $101,983 $97,741

Metro Atlanta

Designated as the Atlanta-Sandy Springs-Roswell, GA Metropolitan Statistical Area, Metro Atlanta is the most populous metropolitan area in the state of Georgia and the ninth largest in the United States with an estimated population of 5.7 million people. The large, energetic and cosmopolitan area is a thriving regional center for the growing and increasingly prosperous American South. Playing a role as a transportation crossroads for both ground and air transport, Atlanta has become a vital regional and headquarters business center for large corporations. Atlanta, which is considered an alpha world city, is the metropolitan area’s economic, cultural and demographic center. Encompassing $304 billion, Metro Atlanta is the eight-largest economy in the world.

Atlanta is Georgia’s capital and most populous city, as well as the economic and cultural hub of the Atlanta metropolitan area. The rapidly growing city contains the country’s third largest concentration of Fortune 500 companies and is the global headquarters of corporations such as The Coca-Cola Company, The Home Depot, Delta Air Lines, AT&T Mobility, Chick-fil-A, UPS, and Newell-Rubbermaid. Drawn to the area due to the city’s educated workforce, over 75 percent of Fortune 1000 companies conduct business operations in the Atlanta metropolitan area, and the region hosts offices of about 1,250 multinational corporations.

Ranked 8th in the nation with a gross domestic product of $270 billion, Atlanta’s economy is diverse. Dominant industries in the economy consist of logistics, professional and business services, media operations and information technology.

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™

Kyle MatthewsBroker of Record

License No. 363764

Braden CrockettSenior Associate

License No. 01946071O 310.919.5814M 714.345.6206braden.crockett@matthews.com