FILE PHOTO

O'Reilly Auto Parts New Construction O'Reilly Auto Parts 15 Year Corporate Guaranteed Net Lease S&P: BBB+ Rent Increases in Primary Term and Options $2,370,500 | 5.00% CAP Investment Grade Tenant, Rated BBB+ by S&P Minimal LL Responsibilities with New 25 Yr Roof Warranty 422 S Main Street, Deer Park, WA 99006 FILE PHOTO

O’Reilly Auto Parts is an American auto parts retailer that INTRO provides automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States serving both the professional service providers and do-it-yourself customers.

2 SECURE NET LEASE OVERVIEW INVESTMENT OVERVIEW O'REILLY AUTO PARTS DEER PARK, WA $2,370,500 5.00% CAP

NOI New Construction O'Reilly Auto Parts, 15 year corporate net lease with rent increases in the primary FILE PHOTO $118,529.64 term and renewal options

Land Area Minimal landlord responsibilities, with a new 25 year roof warranty and landlord being responsible for only roof and ±0.637 AC structure

Occupancy Investment Grade Tenant, O'Reilly Auto Parts is rated BBB+ by S&P, reported $9.5 Billion in revenue for 2018 and 100% operates over 5,400 locations with 82,000 team members

Building Area Deer Park is a growing suburb of Spokane, in the densely forested Okanogan highlands of Northeast ±7,000 SF . Property is located in the heart of the city along Main Street, just off U.S. Route 395, with surrounding retailers including Anytime Fitness, Subway, Year Built CONTACT FOR DETAILS McDonald's and Taco Bell. Edward Benton 2021 Vice President Property is located adjacent to Deer Park High School (713) 263-3981 Lease Type and Deer Park Middle School. [email protected] Corporate Net Lease* WA BROKER OF RECORD

Carl Guenzel License #: 34667 [email protected] This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy 3 SECURE NET LEASE of the information. Buyer must verify the information and bears all risk for any inaccuracies. FILE PHOTO

OVERVIEW TENANT OVERVIEW O'REILLY AUTO PARTS DEER PARK, WA O'Reilly Auto Parts

REVENUE Founded by the O’Reilly family, the company operates more than $10.1 B 5,400 stores in 47 states, and 20+ stores in Mexico.

CREDIT RATING O'Reilly Automotive, Inc. officially started in the auto parts business in BBB+ Springfield, Missouri in November of 1957. It is an American auto parts retailer that provides automotive aftermarket parts, tools, supplies, TOTAL LOCATIONS equipment, and accessories in the United States serving both the 5,589 professional service providers and do-it-yourself customers.

David O'Reilly, Chairman of the Board, has been with the company full time since 1972, after working summers and part time for several years prior. David has worked in almost all capacities within the company. His years of experience and expertise in the company's operations and strategic business development started oreillyauto.com when he was Vice President from 1975 to 1993. From there he was President from 1993 to 1999, Chief Executive Officer from 1993 to 2005, and Co-Chairman of the Board from 1999 to 2005. He has served as Chairman of the Board since February 2005.

4 SECURE NET LEASE FEATURE IN THE NEWS O'REILLY AUTO PARTS DEER PARK, WA

Why This Key Indicator Bodes O'Reilly Q3 sales rise on DIY auto Well for O’Reilly Automotive repairs

NEIL PATEL, JUNE 02, 2020 (THE MOTLEY FOOL) MICAH MAIDENBERG, OCTOBER 28, 2020 (MARKET WATCH)

While it's no surprise that a growing and aging vehicle fleet is Sales increased to $3.21 billion from $2.67 billion and were ahead beneficial to O'Reilly Automotive, probably the most important of the consensus estimate of $3.03 billion. factor to the company's success is the number of miles driven in the U.S. O'Reilly Automotive Inc. said demand picked up again in the third quarter and it plans to spend $1 billion more on stock buybacks. This raises the need for maintenance and repair parts, a boon for the The auto-parts retailer reported a profit of $527.3 million, or $7.07 a company. However, a robust economic environment is good for share, beating expectations from analysts and up compared with business as well. As new automobile sales climb, the total population of earnings of $391.3 million, or $5.08 a share, for the year-earlier period. vehicles on the road goes up.

With the country under stay-at-home orders since the onset of the pandemic, this metric has declined substantially. Comparable store "Our business has continued to perform very well through the sales fell 13% during the four-week period from mid-March through mid- first three weeks of October, generating robust comparable store sales in the low double digits," Mr. Johnson said. April. Deemed an essential business, the company has kept stores open and maintained operations to support those people who still need to get from one place to another. Comparable sales rose almost 17% in the third quarter--better than the same period in 2019 and higher than the 16.2% gain the company recorded for that metric in the second quarter, when coronavirus-related restrictions were eased O'Reilly Automotive is essentially recession-proof, as and consumers spent stimulus checks. consumers use and extend the life of their existing automobiles Consumers choosing to fix up vehicles themselves were a major contributor to instead of purchasing a new car during times of economic the stronger comparable-sales growth, but demand from professional customers stress. beat the company's expectations for the quarter, Chief Executive Greg Johnson said. O'Reilly said its board authorized spending an additional $1 billion on stock With restrictions easing in various states across the country, driving could be buybacks over three years. During the first nine months of 2020, the company making a huge comeback. For investors who shunned O'Reilly Automotive's stock repurchased 2.6 million shares of its common stock, at an average price of with the belief that miles driven would take a material hit and could possibly take $415.28 a share, for a total investment of $1.09 billion. years to recover, it might be time to reconsider.

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5 SECURE NET LEASE FILE PHOTO

OVERVIEW LEASE OVERVIEW O'REILLY AUTO PARTS DEER PARK, WA

Initial Lease Term 15-Years, Plus (5), 5-Year Options to Renew Rent Commencement Mid-February 2021

Lease Expiration Mid-February 2036

Lease Type Corporate Net Lease

Rent Increases 6% In Year 11 and In Option Periods

Annual Rent YRS 1-10 $118,529.64

Annual Rent YRS 11-15 $125,641.32

Option 1 $133,179.84

Option 2 $141,170.64

Option 3 $149,640.84

Option 4 $158,619.36

Option 5 $168,136.44

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

6 SECURE NET LEASE 7 SECURE NET LEASE OVERVIEW SITE OVERVIEW O'REILLY AUTO PARTS DEER PARK, WA

Year Built 2021

Building Area ±7,000 SF

Land Area ±0.637 AC

NEIGHBORING RETAILERS

• AutoZone Auto Parts

• Taco Bell

• Pizza Hut

• Dollar Tree

• U-Haul

• NAPA Auto Parts

• McDonald's

• Domino's Pizza

• Bi-Mart

• Chevron

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FILE PHOTO OVERVIEW ELEVATIONS O'REILLY AUTO PARTS DEER PARK, WA

NEIGHBORING RETAILERS

SECURE NET LEASE OVERVIEW LOCATION OVERVIEW O'REILLY AUTO PARTS DEER PARK, WA

Demographics 1 Mile 3 Mile 5 Mile

Population 3,216 6,760 10,375

Households 1,280 2,650 4,022

Average Household Income US$60,190 US$68,012 US$72,642

Total Household Expenditure $63.33 MM $142.68 MM $226.46 MM

ECONOMIC DRIVERS (NUMBER OF EMPLOYEES)

1. Clearwater Paper 7. Red Lion Hotels 13. CC of Spokane 2. URM Stores 8. Rockwood Clinic PS 14. Spokane Teachers Credit Union 3. Pyrotek 9. Transitions 15. Jubliant HollisterStier 4. Rosauers 10. Tidyman's

5. North Central High School 11. Washington Trust Bank

6. Avista 12. The Spokesman-Review

10 SECURE NET LEASE OVERVIEW LOCATION OVERVIEW O'REILLY AUTO PARTS DEER PARK, WA

Deer Park Washington

4,245 $51,570 Population Median Household Income

Spokane was named in Deer Park is a city in Spokane County, Washington. Interstate 900. Spokane is the second largest city in the state of Washington. Forbes Top 100 Best There are six major hospitals and 1,000 health-related businesses in the area Places for Business and Deer Park is located 22 miles north of Spokane in the northwest corner employing 35,000 people. Healthcare is the largest industry in the area and the Careers of Spokane County amid the southeastern reach of the densely Spokane MSA has the largest healthcare network between Seattle and forested Okanogan highlands of Northeast Washington. Minneapolis. Major employers in the area include Fairchild Air Force Base, Top 100 Providence Health & Services, State of Washington and the Kalispel Tribal Economic Authority/North Quest Resort & Casino. Between Gonzaga University Deer Park is located 22 miles north of Spokane in the northwest corner and the Riverpoint Campus (Washington State University, Eastern Washington Spokane ranked No. 6 city of Spokane County amid the southeastern reach of the densely forested University, University of Washington and Whitworth University) the booming for entrepreneurship by Okanogan highlands of Northeast Washington. Inc. in 2020 University district of Spokane has approximately 20,000 students and is growing. Recent research from Moody's Analytics discovered that Spokane's cost of doing business is 18% below the national average. Forbes named Spokane in their "Top Spokane is located along the Spokane River adjacent to the Selkirk Mountains and 2020 25 Best Cost of Doing Business" list. west of the Rocky Mountain foothills-92 miles south of the Canada/US border, 18 miles west of the Washington/ border and 275 miles east of Seattle along

11 SECURE NET LEASE FEATURE IN THE NEWS O'REILLY AUTO PARTS DEER PARK, WA Spokane County has grown, and Spokane named one of top 50 is expected to continue that U.S. cities to start a business in trend 2020

MEGAN CARROLL, DECEMBER 12, 2019 (KREM) AMY EDELEN, MARCH 09, 2020 (THE SPOKESMAN-REVIEW)

Spokane also ranked No. 6 for entrepreneurship, No. 14 for population growth Spokane County added 7,300 residents in 2019, a 1.4% increase in population and No. 19 for early-stage funding deals. compared to a year prior, according to the Washington state Office of Financial Management. Spokane came in at No. 31, ranking even higher in specific categories. The city ranked No. 6 for rate of entrepreneurship, No. 14 for population growth and No. 19 for early-stage The county’s annual population growth rate has exceeded that of the U.S. every year since funding deals. 2016 and is close to the state’s growth overall, which was 1.6% last year, said Patrick Jones, executive director of Eastern Washington University’s Institute for Public Policy and Economic Analysis. The multimedia company Inc. named Spokane among the best 50 cities in America for starting a business in its 2020 Surge Cities Index. In the past decade, Spokane County has experienced an influx of 44,000 residents, some of whom are relocating from higher-priced West Coast cities in search of affordable housing, easier commutes and outdoor activities. Innovation policy firm Startup Genome, a partner with Inc., used public data and insights from the Inc. 5000 list of the fastest-growing private companies in America to compile the city rankings. Startup Genome developed its scoring system for surge cities based on “For the first time, we are growing almost as fast as the state of Washington, which is a growth, opportunity and innovation. rapidly growing state,” he said. “That’s a significant trend.” Indicators used in the rankings also include early-stage funding and job creation, among The Spokane metro area’s percentage growth, to a large degree, is mirrored in Kootenai others. County, where the number of residents has grown by about 26,000 to more than 165,000 in the past decade. “Logistics and manufacturing companies thrive in Spokane, where costs are low and the Pacific Northwest’s largest cities are all a few hours’ drive away,” the list says of Today and each of the following four Sundays, The Spokesman-Review will examine Spokane. growth projections across the region and steps municipal leaders in Spokane, Spokane Valley, the West Plains, north Spokane County and Kootenai County are taking to meet the The rankings also praised Spokane’s affordability, which they say tends to serve as an challenges brought by a growing population. added bonus for people moving to the area. The series also comes as the U.S. Census count is scheduled to begin April 1. The census, Gonzaga University’s top-rated business program is also mentioned as a fixture in the which counts the population of every person in the U.S., is used to draw congressional and Spokane community, while the University of Washington and Washington State “fuel health legislative districts and determine federal funding allocations. care and biotech startups.” The region’s gains in employment, wages and population come during a period in which the U.S. economy has grown for 129 consecutive months since June 2009, marking the longest expansion – or period of economic growth – in the nation’s history. EXPLORE ARTICLE

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12 SECURE NET LEASE MAP SPOKANE–SPOKANE VALLEY METROPOLITAN STATISTICAL AREA O'REILLY AUTO PARTS DEER PARK, WA

13 SECURE NET LEASE CALL FOR ADDITIONAL INFORMATION Dallas Los Angeles Office Office

3100 Monticello Avenue 123 Nevada Street Suite 220 El Segundo, CA 90245 Dallas, TX 75205 (424) 224-6430 (214) 522-7200

CALL FOR ADDITIONAL INFORMATION

Edward Benton Vice President (713) 263-3981 [email protected]

14 SECURE NET LEASE