Big O' Tires Portfolio

Financial Portfolio Financial Lease Tenant Market OverviewFinancial Overview OverviewOverview Summary Overview Overview TWO MISSOURI LOCATIONS

BIG O’ TIRES PORTFOLIO BIG O’ PortfolioPortfolio Financial Lease Tenant Market OverviewOverview Overview Summary Overview Overview PEACH TREE BUSINESS LOOP TWO UNIT TWO TWO UNIT TWO PORTFOLIO PORTFOLIO

Additional Retailers in the immediate vicinity include: Bob Evans, Steak ‘n Shake, McDonald’s, McDonald’s, Shake, ‘n Steak Evans, Bob include: vicinity immediate the in Retailers Additional Castle, Hooters, FedEx, and many more. KFC, Taco Bell, Cracker Barrel, Pizza Hut, White These Big O Tires locations boast strong unit level economics, the top two of all the MFA $3.4 million in sales, Peach Tree does more operated units. Business Loop does more than than $2.4 million in sales. This offering also includes the franchisee’s headquarters. The population in rise percent 10 a with demographics growing features also area surrounding residents within five miles. from 2010 to 2018. There are more than 116,000 Marcus & Millichap is pleased to present the Big O Tires portfolio in Columbia, Missouri. Big O Tires portfolio in Columbia, Missouri. Marcus & Millichap is pleased to present the The offering includes two retail locations, the Business Loop location has more than six years remaining on a triple-net (NNN) lease with zero landlord responsibilities. The Peach Tree location has more than six years remaining on a double-net (NN) lease. There is also office and warehouse spaces (Business Loop) included which have more than seven years remaining on their double-net (NN) lease with landlord responsibilities limited to and roof structure. The leases are guaranteed by MFA Petroleum Company, who operates all Big O brand. Missouri and Arkansas locations within the

the information and bearsthe information inaccuracies. all& Millichap & Millichap. risk for any Marcus is of © 2018 Marcus Activity a trademark ID# Z0331402 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, verify expressed must Buyer approximate. or implied, are or age no representations References been but be reliable, footage has square the accuracy of the information. to we make sourcesThis secured we believe from to as to information 2 Investment Financial Lease Tenant Market Overview Overview Summary Overview Overview $1,288,889 $1,288,889 6.75% $87,000 $198.29 $13.38 1992 0.96 Acres 6,500 Fee Simple MFA Petroleum Company Double-Net (NN) Landlord Responsible peach tree offering peach tree PRICE CAP RATE NOI PRICE PER SQUARE FOOT RENT PER SQUARE FOOT YEAR BUILT SIZE LOT APPROXIMATE GROSS LEASEABLE AREA TYPE OF OWNERSHIP LEASE GUARANTOR LEASE TYPE ROOF AND STRUCTURE $703,448 $703,448 7.25% $51,000 $57.19 $4.15 1982/2015 1.79 Acres 7,500 4,800 Fee Simple MFA Petroleum Company Double-Net (NN)

I O

T P R O $234,000 PRICE CAP RATE NOI PRICE PER SQUARE FOOT RENT PER SQUARE FOOT YEAR BUILT SIZE LOT APPROXIMATE OFFICE/WAREHOUSE GROSS LEASEABLE AREA WAREHOUSE GROSS LEASABLE AREA TYPE OF OWNERSHIP LEASE GUARANTOR LEASE TYPE WAREHOUSE/OFFICE SPACE WAREHOUSE/OFFICE

P 6.63% A C $1,536,000 $1,536,000 6.25% $96,000 $116.56 $7.28 1982 1.79 Acres 13,178 Fee Simple MFA Petroleum Company Triple-Net (NNN) Tenant Responsible

E IC R P

R O P

$3,528,337

PORTFOLIO OVERVIEW PORTFOLIO

PRICE CAP RATE NOI PRICE PER SQUARE FOOT RENT PER SQUARE FOOT YEAR BUILT SIZE LOT APPROXIMATE GROSS LEASEABLE AREA TYPE OF OWNERSHIP LEASE GUARANTOR LEASE TYPE ROOF AND STRUCTURE business loop offering business Portfolio Financial Lease Tenant Market Overview Overview Summary Overview Overview 12/1/2017 5/31/2025 7.5 Years 6+ Years 5 Percent in Options 2, 5-Year Yes PEACH TREE peach tree offering peach tree LEASE COMMENCEMENT LEASE COMMENCEMENT DATE DATE LEASE EXPIRATION LEASE TERM TERM REMAINING INCREASES RENEW OPTIONS TO FIRST RIGHT OF REFUSAL 12/1/2017 11/31/2025 8 Years 7+ Years 5 Percent in Options 2, 5-Year Yes

LEASE COMMENCEMENT LEASE COMMENCEMENT DATE LEASE EXPIRATION DATE LEASE EXPIRATION LEASE TERM TERM REMAINING INCREASES RENEW OPTIONS TO FIRST RIGHT OF REFUSAL WAREHOUSE/OFFICE SPACE WAREHOUSE/OFFICE

11/1/2015 5/31/2025 10 Years 6+ Years 5 Percent in Options 1, 5-Year Yes

LEASE SUMMARY LEASE

DATE LEASE COMMENCEMENT LEASE COMMENCEMENT

LEASE EXPIRATION DATE LEASE EXPIRATION LEASE TERM TERM REMAINING INCREASES RENEW OPTIONS TO FIRST RIGHT OF REFUSAL business loop offering business

BUSINESS LOOP 4 Portfolio Financial Lease Tenant Market Overview Overview Summary Overview Overview Big O Tires Private Big O Tires MFA Petroleum Company (Wholly Owned Subsidiary of MFA Oil) 19 Locations Columbia, MO https://www.mfaoil.com/retail/bigotires $62 Million (2017) $11 Million (2017) TENANT PROFILE TENANT WEB SITE OWNERSHIP NET WORTH SALES VOLUME HEADQUARTERED LEASE GUARANTOR TENANT TRADE NAME NUMBER OF LOCATIONS TENANT TENANT OVERVIEW Formed more than 50 years ago by service auto and tire retail a largest the of one now is collective Tires O Big customers, its of to value providing independent tire dealers committed to States. providers in the United Missouri and Arkansas stores, independently owned and operated by MFA Oil Company, offer friendly, expert services: brakes, shocks, struts, tires, wheels, alignments trust for your auto needs. We’re the team you can and oil changes. Every tire they sell is backed by comprehensive warranty and service policies and Big O brand and damage hazard road for warranty replacement free three-year a with come tires premium their of one at fixed be can’t that tire premium brand O Big Any defects. material/workmanship stores will be replaced at no cost to the owner. In addition, rotations and flat tire repairs are provided free for the life of the tire. PEACH TREE

BUSINESS LOOP

Portfolio Financial Lease Tenant Market Overview Summary Overview Overview Overview

116,00 Residents Within Five Miles

Growth from 2010 to 2018 | More Than Growth from 2010 to 2018 | More Than

Growing Demographics | 10 Percent Growing Demographics | 10 Percent

Day (VPD)

Nearby Interstate-70: 54,000 Vehicles Per Per Nearby Interstate-70: 54,000 Vehicles

70 E, 12,000 Vehicles Per Day (VPD) | | 70 E, 12,000 Vehicles Per Day (VPD)

Ideally Located Along Business Loop Loop Ideally Located Along Business

Company

Headquarters for MFA Petroleum Headquarters for MFA Petroleum

Office Portion of Offering Acting as Office Portion of Offering Acting

Sales Ratio of 2.8 Percent

Than $3.4 Million in Store Sales | Rent to | Rent to Than $3.4 Million in Store Sales

Strong Unit Level Economics | More Strong Unit Level Economics | More

Locations

| Operates All Missouri and Arkansas | Operates All Missouri and Arkansas

Guaranteed by MFA Petroleum Company Company Guaranteed by MFA Petroleum

Landlord Responsibilities

a Double-Net (NN) Lease with Minimal Lease with Minimal a Double-Net (NN)

More Than Seven Years Remaining on Years Remaining on More Than Seven

Office and Warehouse Buildings Have Buildings Have Office and Warehouse

with Zero Landlord Responsibilities with Zero Landlord

Remaining on a Triple-Net (NNN) Lease Triple-Net (NNN) Lease Remaining on a

Retail Location Has More Than Two Years Years Two Than More Has Location Retail

Louis and Kansas City Louis and

in Columbia, MO | Equidistant from St. from St. MO | Equidistant in Columbia,

• Big O Tires Store and Office/Warehouse Store and Office/Warehouse • Big O Tires

HIGHLIGHTS

INVESTMENT INVESTMENT

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• PEACHTREE OFFERING Portfolio Financial Lease Tenant Market Overview Overview Summary Overview Overview

Unit Level Economics | More More | Economics Level Unit

Five Mile Population: 139,918 Average Household Income Within 10 Percent From 2010 to 2018 | 10 Percent From 2010 to 2018 |

Population Within Five Miles Rose Population Within Five Miles Rose One Mile is More Than $68,000 Booming Demographics |

Nearby South Providence Road | Nearby South Providence Road and Arkansas Locations Rent to Sales Ratio of 3.6 Percent

Company | Operates All Missouri All Missouri Company | Operates | Than $2.4 Million in Store Sales Strong

Tenant Demonstrates Commitment Minimal Landlord Responsibilities Minimal Landlord (VPD)

on a Double-Net (NN) Lease | (NN) Lease | on a Double-Net Petroleum Guaranteed by MFA Day More Than 18,000 Vehicles Per More Than Seven Years Remaining More Than Seven

December 2017 Big O Tires in Columbia, Missouri in Columbia, Big O Tires Term of Lease by Five Years in

to Location | Extended the Base to Location | Extended the Base Students Enrolled Enrolled Students

University of Missouri | 32,000 32,000 of Missouri | University

| Less Than Three Miles from the from the Three Miles | Less Than

HIGHLIGHTS

INVESTMENT INVESTMENT

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• • Portfolio Financial Lease Tenant Market Overview Overview Summary Overview Overview 1-Mile 3-Mile 5-Mile $64,762 $74,553 $72,407 $44,409 $48,401 $48,887 $28,288 $27,258 $28,778 2018 Average HH Income 2018 Median HH Income 2018 Per Capita Income 3,042 13,442 31,710 3,730 16,337 36,692 4,230 18,622 41,519 1-Mile 3-Mile 5-Mile 2000 Households 2010 Households 2018 Households

38,430 80,449

7,343 8,509 45,400 92,930 9,684 50,933 104,465 1-Mile 3-Mile 5-Mile

2000 Population

2010 Population 2018 Population Portfolio Financial Lease Tenant Market Overview Overview Summary Overview Overview COLUMBIA

thcare, and the insurance by education, healthcare, and the insurance Columbia’s economy is historically dominated either in Columbia or a half-hour south industry. Jobs in government are also common, also common. Insurance corporations in Jefferson City. Commutes into the city are Insurance, and the Columbia Insurance Group. headquartered in Columbia include Shelter Home Loans, MFA Incorporated, the Missouri Other organizations include Veterans United MFA Oil. State High School Activities Association, and gressive politics, persuasive town, the city has a reputation for progressive politics, persuasive As a Midwestern college the art. The tripartite establishment of Stephens College (1833), journalism, and public central ch surround the city’s (1839), and Columbia College (1851), whi University of Missouri a center of learning. east, south, and north, has made Columbia business district to the known as the Avenue of the Columns, which At the center of Downtown is 8th Street, also to the Boone County Courthouse and the City connects Francis Quadrangle and Jesse Hall of the mind is Columbia’s chief economic Hall. Originally an agricultural town, the cultivation the city also depends on healthcare, concern today. Never a major center of manufacturing, such as Shelter Insurance, Carfax, and insurance, and technology businesses. Companies the city. Cultural institutions include the State Slackers CDs and Games, were founded in of Art and Archaeology, and the annual True/ Historical Society of Missouri, the Museum state’s only major college athletic program, False Film Festival. The Missouri Tigers, the at Mizzou Arena as members of the rigorous play football at Faurot Field and basketball Southeastern Conference. to the University of Missouri of Missouri is home to the University in Boone County, city of Columbia, located The Missouri and Stephens College. The city lies in the heart of the state, as well as Columbia College the Kansas City (127 miles to the west) and St. Louis (124 miles to almost equidistant from also 30 connected to the city by Interstate Highway 70. Columbia is east), both of which are City. miles north of Jefferson ABOUT ABOUT

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property. BIG O’ TIRES PORTFOLIO TWO MISSOURI LOCATIONS

BROKER OF RECORD: BRADLEY BARHAM | ST LOUIS, MO | LICENSE: 2005038930