OFFERING MEMORANDUM Absolute NNN Lease Investment Opportunity

3303 Rivers Ave | N. Charleston, SC Actual Property Image Exclusively Marketed By: Sands Investment Group

Doug Roland Sands Investment Group Lic. # 74064 2017 Chuck Dawley Blvd, Suite 200 Mount Pleasant, SC 29464 706.814.2217 | DIRECT 844.4.SIG.NNN [email protected] www.SIGnnn.com

3303 Rivers Avenue Chris Sands North Charleston, SC 29405 Lic. # 93103

310.870.3282 | DIRECT [email protected]

INVESTMENT SUMMARY Investment Summary Investment Highlights

Location & Area Map AREA OVERVIEW In Cooperation with Sands Investment Group Charleston, LLC Lic # 20891 Retail Map City Overview © 2017 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. Sands Investment Group does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of TENANT Tenant Profile each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and completeness. Any and all projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these projections, market LEASE ABSTRACT Lease Summary assumptions and cash flow analysis are subject to change with property and market Rent Roll conditions. Sands Investment Group encourages all potential interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction. INVESTMENT SUMMARY

OFFERING SUMMARY

PRICE $1,457,500

CAP 6.59%

NOI $96,000

YEARS REMAINING 20 Years

LEASE GUARANTY State Acquisitions, LLC

PROPERTY SUMMARY

ADDRESS 3303 Rivers Avenue North Charleston, SC 29405 COUNTY Charleston

BUILDING AREA 1,470 SF

LAND AREA 0.23 AC

BUILT 2006

Actual Property Image HIGHLIGHTS INVESTMENT HIGHLIGHTS • New 20 Year Absolute Triple Net (NNN) at Begin at Close of Escrow

• Lease Guarantee with Large Operator – State Acquisitions, LLC

• Low Rent-to-Sales Ratio

• 1.5% Annual Rent Increases

• Four (4) x Five (5) Year Options to Renew

• Strong Location with Historical Record of Success

• Growing North Charleston Submarket with Traffic Counts Near 20,000 VPD Along Rivers Avenue

• Strong Demographics with Over 128,000 Residents Within a 5-Mile Radius

• Neighboring Tenants Include: Family Dollar, NAPA Auto Parts, McDonald’s and Subway

• Located Less Than 2 Miles from The Charleston Naval Base Memorial and Riverfront Park

Actual Property Image LOCATION MAP AERIAL MAP L&W New & Used Thrift Store

Jo-Jo Quick Stop

Rivers & Reynolds Advent Evangelical Liquors Lutheran Church

Bistro @ Rivers Caribbean Delight RETAIL MAP STREET/CROSS ROAD AVERAGE VEHICLES PER DAY AREA OVERVIEW Rivers Avenue 19,391

Cosgrove Avenue 18,080

I-26 90,051

SUBJECT PROPERTY DEMOGRAPHICS 1 Mile 3 Mile 5 Mile

Population 8,964 33,316 128,687

Average Household Income $29,606 $53,535 $63,905 Actual Property Image TENANT PROFILE

Actual Property Image

Church's Chicken is an American chain of fast food restaurants specializing in fried chicken, also trading outside North America and Asia as Texas Chicken. The chain was founded as Church's Fried Chicken To Go by George W. Church, Sr., on April 17, 1952, in San Antonio, Texas, across the street from The Alamo. The company, with more than 1700 locations in 25 countries, is the fourth-largest chicken restaurant chain behind KFC, Chick-fil-A, and Popeyes Louisiana Kitchen.

To date, Church's Chicken has over 1,660 locations in 30 countries. There are locations in Belarus, Bulgaria, Canada, Curaçao, Egypt, Georgia (Tbilisi), Guyana, Honduras, Indonesia, Iraq, Jordan, Kazakhstan, Kuwait, Laos (Vientiane), Malaysia, Mexico, New Zealand, Pakistan, Russia, St. Kitts, Saint Lucia, Saudi Arabia, Singapore, Syria, Thailand, Trinidad and Tobago, Turkey, Ukraine, the United Arab Emirates, Venezuela, Vietnam, and Puerto Rico. The menu for Church's has expanded to include fried okra, cole slaw, mashed potatoes, corn on the cob, and honey butter biscuits. Also, newer entree choices have emerged, including, sandwiches, nuggets, tacos, and a spicy flavor option for the chicken. City Overview AREA OVERVIEW North Charleston is the third-largest city in the U.S. state of South Carolina, with incorporated areas in Berkeley, Charleston, and Dorchester counties. On June 12, 1972, the city of North Charleston incorporated and was the ninth- largest city in South Carolina. South Charleston has an estimated population of 108,304 in 2015, and with a current area of more than 76.6 square miles. North Charleston is one of the state's major industrial centers and is the state's top city in gross retail sales.

Charleston is the oldest and largest city in the U.S. state of South Carolina, the county seat of Charleston County, and the principal city in the Charleston–North Charleston–Summerville Metropolitan Statistical Area. The city lies just south of the geographical midpoint of South Carolina's coastline and is located on Charleston Harbor, an inlet of the Atlantic Ocean formed by the confluence of the Ashley and Cooper Rivers. Charleston had an estimated population of 134,385 in 2016. The estimated population of the Charleston metropolitan area, comprising Berkeley, Charleston, and Dorchester Counties, was 761,155 residents in 2016, the third-largest in the state and the 78th-largest metropolitan statistical area in the United States. LEASE SUMMARY

LEASE ABSTRACT TENANT Church’s Chicken Franchisee

A Building of Approximately PREMISES 1,470 SF

LEASE COMMENCEMENT Close of Escrow

LEASE EXPIRATION 20 Years from COE

LEASE TERM 20 Years

RENEWAL OPTIONS 4 x 5 Year Options

RENT INCREASES 1.5% Annual Increases

LEASE TYPE Absolute Triple Net (NNN)

USE Restaurant

PROPERTY TAXES Tenant’s Responsibility

INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Tenant’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility

UTILITIES Tenant’s Responsibility

RIGHT OF FIRST OFFER No Actual Property Image RENT ROLL

Actual Property Image

SIZE MONTHLY RENT LEASE TERM

SQUARE % OF MONTHLY RENT/S INCREASE RENTAL LEASE LEASE TENANT NAME FOOTAGE TOTAL BASE RENT F DATES INCREASE BEGIN END OPTIONS

Close of 20 Years Church’s Chicken 1,470 SF 100% $8,000 $5.44 Annually 1.5% 4 x 5 Years Escrow from COE CONFIDENTIALITY AGREEEMENT

The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the written consent of Sands Investment Group.

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, 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 regulations, 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, Sands Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conducted any investigation regarding these 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.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree that by accepting this Memorandum you agree to release Sands Investment Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property. Actual Property Image

Exclusively Marketed By: In Cooperation with Sands Investment Group Charleston, LLC Lic # 20891

Doug Roland Chris Sands Lic. # 74064 Lic. # 93103

706.814.2217 | DIRECT 310.870.3282 | DIRECT [email protected] [email protected]

844.4.SIG.NNN | F: 844.328.5905 | WWW.SIGNNN.COM | 2017 CHUCK DAWLEY BLVD, SUITE 200 | MOUNT PLEASANT, SC 29464