Rendering -Under Construction- 7-Eleven with Fuel NNN Leased Investment SWC 176th & 78th Street, Puyallup, WA

$4,544,444.00 4.50% CAP Rate | $204,500 NOI

Exclusively Marketed By: Blake D. Federinko Brandi M. Ho Michael A. Jenkins Tim Weber [email protected] [email protected] [email protected] tw 360.823.5111 360.823.5112 360.823.5102 [email protected] properties.com 176TH ST. - 28,000 VPD

THIS OFFERING PRESENTS the opportunity to acquire a Single Tenant Net Leased Investment located in Puyallup, . The newly developed property, consisting of a convenience store and fueling station, is leased to 7-Eleven Corporate on a new 15- year NNN Lease. Located adjacent to Jailen’s Place, a 78-unit apartment community, and in close proximity Jailen’s Place to Walmart Supercenter, Fred Meyer, Kohls, Bank of 78-Unit Multi-Family America, Peirce County Airport Thun Field and many Community more. -Under Construction- 176TH ST. - 28,000 VPD

Jailen’s Place 78-Unit Multi-Family Community -Under Construction- 4

Price | $4,544,444 CAP Rate | 4.50%

Tenant

Investment Overview Investment 7-Eleven

Corporate Guarantee Lease Guarantor Year Built 2020

Building Size 3,000+/- SqFt

Land Area 41,375+/- SqFt

4 MPD’s Completion Date September 2020

Parking 18 Spaces

Yes Tenant’s Right of First Refusal Newly Developed

Located near JBLM with more than 250,000 military residents

15-Year NNN Lease w/ Rent Increases

Located in an Income Tax Free State

Jailen’s Place Apartments -Under Construction- 6

Lease Summary Lease GUARANTOR EXTENDED TERMS 7-Eleven Corporate

TERM NOI4, 5-Year Options 15-Year Primary Term $204,500.00

INCREASES LEASE TYPE

See Enclosed Rent Roll NNN Lease

TAXES

INSURANCE Tenant Responsible (See Sec. 7 of Lease) MAINTENANCE Tenant Responsible (See Sec. 14 of Lease) UTILITIES Tenant Responsible (See Sec. 8 of Lease)

Tenant Responsible (See Sec. 6 of Lease) 7

TENANT SUMMARY Website: 7-Eleven

Lease Guarantor: 7-Eleven Corporate Overview Tenant S&P Credit Rating: AA- Parent Company: Seven & Holdings, Ltd. Number of Locations: 70,000+/- Headqarters: Irving, TX Website: www.7-Eleven.com

7-E

leven is the world’s #1 convenience store with sales of $89 billion in 2016. Based in Dallas, Texas, 7-Eleven operates, franchises or licenses more than 63,000 stores in 18 countries, including 10,900 in North America. 7-Eleven focuses on meeting the needs of convenience-oriented customers by providing a broad selection of fresh, high quality products and services at everyday fair prices, speedy transactions and a clean and friendly shopping environment. Each store’s selections of about 2,500 different products and services is tailored to meet the needs and preferences of local customers.

7-Eleven offers customers industry-leading private brand products under the 7-Select brand including healthy options, decadent treat and every favorites, at an outstanding value. Customers also count on 7-Eleven for payments services, self service lockers and other convenient services. 8 Rent Roll Term Monthly Rent Annual Rent Years 2020 $17,041.67 $204,500.04 1-5 2025 $18,745.84 $224,950.04 6-10 2030 $20,620.44 $247,445.28 11-15

1st Option $22,682.48 $272,189.76 16-20 2nd Option $24,950.73 $299,408.76 21-25 3rd Option $27,445.80 $329,349.60 26-30 4th Option $30,190.38 $362,284.56 31-35 9

Scheduled Income $204,500.00 Less Operating Expenses

CAMs TENANT Summary Financial Property Taxes TENANT Insurance TENANT Total Expenses ($0.00)

Net Operating Income $204,500.00

Sale Price $4,544,444.00 CAP Rate 4.50% 10 Site Plan

12 Aerial

BOEING SITE PIERCE COUNTY AIRPORT

SITE 14 New Interior Format

16 Demographics 5 MILERADIUS 3 MILERADIUS 1 MILERADIUS Median Age 36.4 Years Old AGE

Gender Male 48.7% Female 51.3%

2018 Avg. Income 1 Mile $268,265 3 Mile $274,522 5 Mile $277,363

Population 1 Mile 3 Mile 5 Mile Est. 2019 11,792 77,390 183,686 Proj. 2024 12,920 84,871 200,761 Pop. Growth 9.57% 9.67% 9.30% 18

PUYALLUP, WA

About Puyallup About The City of Puyallup

is situated at the foot of scenic in the beautiful 10 miles east of Tacoma and approximately 35 miles south of . It’s an easy commute on Sound Transit’s Sounder train to Tacoma, Seattle and many cities in between.

In its early years, Puyallup was known for its hops, berries and flowers. Today many events, such as the Washington , the Daffodil Festival and Parade, and the Puyallup Farmers Market pay tribute to the city’s agricultural past. But there’s much more happening in Puyallup than meets the eye. Two regional retail centers in downtown and South Hill offer a variety of shopping and dining opportunities. Great parks, excellent K-12 schools, and a modern regional medical center are some of the amenities appreciated by residents and visitors alike.

Washington State Fair - Puyallup WA The Washington State Fair,

formerly the Puyallup Fair, is the largest single attraction held annually in the state of Washington. The fair, which includes agricultural and pastoral displays and shows, amusement rides, and a concert series, continually ranks in the top ten largest fairs in the .[1] The Washington State Fair hosts two annual events: the 21-day Washington State Fair every September, and the four-day Washington State Spring Fair every April.

Situated in Puyallup, 35 miles (56 km) south of Seattle and 10 miles (16 km) east of Tacoma near Mount Rainier, the fairgrounds comprise 160 acres (0.65 km2), with buildings and land valued at more than $54 million. The facilities are available for rent throughout the year, making the grounds a valuable community resource. It offers various seasonal festivals, such as the Victorian Country Christmas, as well as races, concerts, car shows, and sporting expositions, such as the International Sportsman’s Exposition. A staff of 55 works year-round. Over 7,500 employees are hired each September during the Fair

Washington State Fair - Puyallup WA 300 West 15th Street, Suite 201 , WA 98660 360.699.4494 www.MAJCRE.com

While the information provided is not guaranteed it has been obtained from sources we deem reliable. It is provided without any representations, warranty or guarantee, expressed or implied as to its accuracy. Prospective buyer or tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other Professional advisor.