CHEVRON OREM OFFERING MEMORANDUM

50 SOUTH 1200 WEST OREM, UT 84058

CHEVRON OREM CHEVRON OREM OFFERING MEMORANDUM OFFERING CONFIDENTIALITY MEMORANDUM AND DISCLOSURE

50 SOUTH 1200 WEST Mountain West Commercial Real Estate has been retained on an exclusive basis to market the property OREM, 84058 described as 50 South 1200 West, Orem, Uah 84058. Broker has been authorized by seller of the property to prepare and distribute the enclosed information for the purpose of soliciting offers to purchase from EXCLUSIVELY interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller LISTED BY and the prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate.

The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and /or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma.

Seller reserves the right, for any reason, to withdraw the Property from the Market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto.

Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information.

312 East South Temple l , UT 84111 l Office 801.456.8800 l www.mtnwest.com 3 EXECUTIVE SUMMARY INVESTMENT HIGHLIGHTS

PRICING & PROPERTY INFORMATION 50 South 1200 West, PROPERTY ADDRESS • Business & Real Estate Sale of Chevron Gas Station and Car Wash Orem, UT PURCHASE PRICE $2,750,000 • Visible to Over 190,000 Vehicles Per Day PRICE / SF $804.56 • Located off I-15 at Center St exit LOT SIZE 0.67 Acres GROSS LEASABLE AREA (SF) 3,418 • 2018 Monthly Average Inside Sales $91,895 CONVENIENCE STORE 2,554 SF • 2018 Monthly Average Gallons Sold 114,109 CAR WASH 864 SF • Less than 1 mile from University YEAR BUILT 1983 APN 18-008-0021 ZONING Commercial # OF PUMPS 4 DAYS OPEN 7 Days Per Week

CHEVRON OREM OFFERING MEMORANDUM 4 312 East South Temple l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com CHEVRON OREM OFFERING MEMORANDUM SALES HIGHLIGHTS / INVESTMENT OVERVIEW 2018 SALES

Mountain West Commercial is pleased to offer the sale of the business and real estate of a Chevron GALLONS: 1,369,310 branded gas station, convenience store, and car wash. The property is located in Orem, Utah which is part of Utah County. The subject property is prominently located on I-15 off the Center St. exit, which is one of the main arteries through town and has an average daily traffic count of over 34,500 vehicles. The INSIDE SALES: $1,102,746 building is approximately 2,094 square feet with a land area of approximately .67 acres. The current estimated population for Orem is 97,653, making it the 5th largest city in Utah. The city is home to (UVU), which has an enrollment of over 37,000 students and is now one of the largest institutions of higher learning in Utah. The city uses the slogan “Family City USA.” In 2018 Forbes rated it the most livable large city in the United States.. Orem is just minutes from Sundance Mountain Resort and is close to other outdoor activities such as hiking, biking, hang gliding, and camping.

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OREM, UTAH F:\PROJECTS\SL\PORTER\CHEVRON\OREM\TENANTAERIAL.MXD - 5/2/2019 LPLANT PROPERTY FEATURES & CHEVRON OREM OFFERING MEMORANDUM LAND OVERVIEW

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F:\Projects\SL\Porter\Chevron\Orem\Parcel.mxd - 4/30/2019 mliapis

312 East South Temple l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com 7 DEMOGRAPHICS

POPULATION BUFFERS - 1, 3, 5 MILES Lehi

American Fork 1 MILE 3 MILES 5 MILES Pleasant 14,327 97,929 193,253 Grove 2018 EST. 2018 EST. 2018 EST. POPULATION POPULATION POPULATION 5 Miles Lindon 1 MILE 3 MILES 5 MILES 15,437 107,075 209,576 2023 EST. 2023 EST. 2023 EST. +, 3 Miles POPULATION POPULATION POPULATION 89

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HOUSEHOLDS & MEDIAN INCOME ^^ Orem +,189

1 MILE 3 MILES 5 MILES 4,086 28,853 54,572 2018 EST. 2018 EST. 2018 EST. HOUSEHOLDS HOUSEHOLDS HOUSEHOLDS

1 MILE 3 MILES 5 MILES $59,598 $62,974 $62,444 Provo 2018 EST. 2018 EST. 2018 EST. INCOME INCOME INCOME F R O NT RUNNER SO UTH

F:\Projects\SL\Porter\Chevron\Orem\DemoRings.mxd - 4/30/2019 mliapis

CHEVRON OREM OFFERING MEMORANDUM 8 312 East South Temple l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com 9 8 1 CHEVRON OREM OFFERING MEMORANDUM Y HW

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312 East South Temple l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com 9 CHEVRON

OREM, UTAH F:\PROJECTS\SL\PORTER\CHEVRON\OREM\LOCATION.MXD - 5/2/2019 LPLANT AREA OVERVIEW- PROVO-OREM METROPOLITAN AREA

Orem is adjacent to Provo and is about forty-five miles south of Salt Lake City. The city is located off the I-15 corridor in the heart of the Provo-Orem Metropolitan area in Utah County. This area is home to Silicon Slopes, Utah’s own startup and tech industry hub. Major players in the area include Adobe, Oracle, Entrata, MX Technologies and Boostability. Utah County is also home to with over 32,000 students. Over the last ten years Utah County has seen extensive population increases and is expected to see substantial growth over the next 20 years as well. This area enjoys a population of over 193,253 within a five-mile radius and an average household income exceeding $82,845 per year.

Photo source: https://www.provo.org/about-us/provo-rankings CHEVRON OREM OFFERING MEMORANDUM 10 312 East South Temple l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com WHY UTAH? CHEVRON OREM OFFERING MEMORANDUM

REAL STADIUM HALE THEATRE TEMPLE SQUARE SOUTH TOWNE EXPO CENTER

ECCLES THEATER SALT PALACE SMART HOME ARENA WORLD CLASS SKI RESORTS

BEST CITY FOR YOUNG BEST PLACE TO LIVE CITY FOR MILLENIAL PROFESSIONALS HOME BUYSERS NO.1 NO. U.S. News NO.1 Forbes 1 realtor.com

FASTEST GROWING CITY TOP CITY WHERE EMPLOYEES CITY WITH AMAZING ARE HAPPIEST JOB OPPORTUNITIES NO.10 Forbes NO.3 NO.1 Forbes CNBC

REAL ESTATE MARKET TO WATCH CITY WHERE MILLENIALS NO.3 pwc NO.15 ARE MOVING TIME

PLACES WHERE RETIREMENT IS AFFORDABLE, CITY POISED TO BECOME NO.6 HEALTHCARE IS EXCELLENT, AND LIFE IS GOOD NO.1 TOMORROW’S TECH MECCA BUSINESS INSIDER Forbes

312 East South Temple l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com 11 EXCLUSIVELY LISTED BY

312 East South Temple l Salt Lake City, UT 84111 l Office 801.456.8800 l www.mtnwest.com