5710 West Broad Street, Richmond, JIFFY LUBE #2906 | VA 23230 INVESTMENT SUMMARY Jiffy Lube, Richmond,VA

Property Name Jiffy Lube Investment Highlights Property Address 5710 West Broad Street LEASED OFFERING Richmond, VA 23230 (Henrico County) • Top Jiffy Lube Franchisee (Lucor 158 Units) • 10 Years Remain on Absolute NNN Lease Price $2.395.000 • Jiffy Lube #1 Serves 25 Million Each Year Cap Rate 6,05% • Low $34.42 Rent/SF Building Size/SF 4.210 • Successful 15 Year Operating Location Price/SF $574 • No ROFR or Option to Terminate Current NOI* $138.000 • 15 Year Accelerated Depreciation Oppty. NOI Starting 12.1.19* $144.900 • Busy 47,000+ VPD Traffic Counts Rent/SF $34,42 • Next to $343M 80 Acre Development Lot Size/AC 0,53

EXCLUSIVE NET EXCLUSIVE • Dense 5 Mi Pop 238,274 / AHHI $77,820 Year Built 2001 • Two Fortune 500 Companies in 2 Miles • 5 Biz/Med Campuses in 2 Miles Lease Type Abolute NNN • Large Richmond MSA make1,258,250 Pop Lease Term Rmaining 10,5 • Home to 15 Colleges & Universities Rent Increases 5%/5yrs • State of Virginia Capital Renewal Options 5 x 5yrs * Seller to credit rent varience from close to 12.1.19 2 INVESTMENT SUMMARY Jiffy Lube, Richmond,VA LEASED OFFERING

Location Highlights Libbie Place Center Adjacent Libbie Mill Development .02 Miles • Signalized Hard Corner Willow Place Center .02 Miles • Busy 47,000+ VPD Traffic Counts Willow Lawn Center 1 Mile • Two Fortune 500 Companies in 2 Miles Anthen Blue Cross 1.5 Miles • Five Biz/Med Campuses in 2 Miles • Dense 5 Mi Pop 238,274 / AHHI $77,820 Holland Park Office Park 1.5 Miles Genworth Financial 2 Miles Altria Group 2 Miles

EXCLUSIVE NET EXCLUSIVE Jiffy Lube is located adjacent to the new Libbie Mill Development, a $434M project on 80 acres Renyolds Crossing 2 Miles started in 2014 that will include: 994 homes, Saint Mary’s Hospita 2 Miles 1,096 apartments and 160,000 SF of office University of Richmond 4,140 Students / 3 Mi & retail plus a public library. This project is Virginia Commonwealth 31,288 Students / 4 Mi scheduled for completion in 2024 Downtown Richmond 4 Miles

3 LOCATION SUMMARY Jiffy Lube, Richmond,VA

Intersection W Broad St & Libby Ave Market Richmond County Henrico Parcel APN 771-739-7295 Zoning Commercial LEASED OFFERING Lot Size/AC 0,53 Building Size/SF 4.210 Parking 11 Spaces Service Bays 4 EXCLUSIVE NET EXCLUSIVE

4 TENANT & LEASE OVERVIEW Jiffy Lube, Richmond,VA

Jiffy Lube

• Largest US Fast Service Oil Change Co. • Over 2,000 Franchiseed locations • Owned by as of 2002 • Services Now Include: All Fluids, Brakes, Bat- teries, Engine, Suspension and more

Jiffy Lube is an American brand of automotive oil change specialty shops founded in , , in 1971. It has been a subsidiary of since 2002, and is headquartered in , . Jiffy Lube franchises in North America are independently owned by 252 operators, with about 24 million customers each year. https://www.jiffylube.com/

Tenant Name Jiffy Lube LEASED OFFERING Ownership Leased Fee Lucor, Inc. Lease Guarantor Lucor, Inc. Guarantor HQ Raleigh, NC • One of the Largest US Franchisees # Units Backing 158 • 2018 “Franchisee of the Year.” Lease Commencement November 11.2014 • 3 x Winner “Franchisee of the Year” Lease Expiration Date November 10, 2029 • All Services + (select) State Inspections Lease Term 15 Yrs Founded in 1986 by Stephen and Jerry Remaining Term 10.5 Yrs Lease Type Absolute NNN

EXCLUSIVE NET EXCLUSIVE Conway, Lucor employs more than 1,500 team members in the greater metropolitan areas of Current NOI* $138.000 Raleigh/Durham, NC; Atlanta, GA; Nashville, NOI* 12.1.2019 $144.900 TN; Richmond and Tidewater, VA; Cincinnati Rent Increases 5% / 5 Yrs and Dayton,OH; and Pittsburgh, PA Options 5 x 5 Yrs https://www.jiffylube.com/franchise/lucor-group * Seller to credit rent varience from close to 12.1.19

5 B. Quentin Foster CRC Income Properties Partner 323-822-7000 [email protected]