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1001 EAGLES LANDING PKWY | STOCKBRIDGE, GA 30281 (Atlanta MSA) OFFERING MEMORANDUM ™ 1 EAGLES LANDING

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6 PROPERTY OVERVIEW 8 FINANCIAL OVERVIEW

12 AREA OVERVIEW 16 TENANT OVERVIEW

ANDREW GROSS Senior Associate Capital Markets ™ BROKER OF RECORD KYLE MATTHEWS D: (214) 295-4511 License No. 67120 (GA) M: (435) 659-1404 E: [email protected] License No. 01987860 (CA) 2 EAGLES LANDING

PROPERTY NET LIST PRICE CAP RATE ADDRESS RENTABLE AREA 1001 Eagles Landing Pkwy ±8,900 SF $4,250,000 6.45% Stockbridge, GA

INVESTMENT HIGHLIGHTS

Perfectly situated in the heart of one of the region’s strongest medical districts, across from the Regional Hospital – Piedmont Henry (more than 1,600 employees and medical staff over 700 physicians).

The tenant lineup conveniently serves the area as a “Restaurant Hub” with with growing corporate and franchisee operators : Moe’s Southwest Grill (20 Locations) , Jersey Mike’s (6 Locations), @ Nail Bar (8 Locations) and Chicken Salad Chick (Corporate Guarantee).

Huge Traffic Counts on the main corridor of Eagles Landing Pkwy ( VPD: 20,000) and just off of I -75 ( VPD: 18,000)

High-Income area – property is about 0.5 miles from Eagles Landing Country Club - including 27 holes of championship golf

Phenomenal retail synergy – property surrounded by major national tenants including , Chick-fil-a, BB&T, Mellow Mushroom, QuikTrip, McDonald’s, Bank of America, Walmart Supercenter, Wendy’s, , Zaxby’s, ., Texaco, Waffle House, KFC, Walgreens and more

Stockbridge is one of the fastest growing cities in the Atlanta metropolitan, experiencing 12.57% growth over the last 5 years and projected to grow near 11% from 2017 – 2022.

Perfect for local and out of state investors – this property is just 20 miles from Atlanta Hartsfield Jackson airport – the busiest airport in North America with about 102,00,000 passengers!

High-quality construction – the property offers brand new, premium construction with state-of-the-art architecture and beautiful aesthetic

Very attractive lease structure - all four tenants are on brand new long term, 10-year NNN leases with increases throughout the base terms & minimal landlord responsibilities

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SURROUNDING AREA MAPS

EAGLES LANDING PKWY ±20,000 VPD EAGLES LANDING COUNTRY CLUB

SUBJECT PROPERTY

EAGLES LANDING PHARMACY

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VENTURE PHYSICAL THERAPY EAGLES LANDING PHARMACY

EAGLES LANDING SUBJECT PKWY PROPERTY ±20,000 VPD

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HENRY PEDIATRICS

SUBJECT PROPERTY

EAGLES LANDING PHARMACY VENTURE PHYSICAL THERAPY

EAGLES LANDING PKWY ±20,000 VPD

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EAGLES LANDING E XCHANGE PROPERTY OVERVIEW

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PHYSICAL DESCRIPTION

PROPERTY NET TOTAL CURRENT AVERAGE TERM APN ADDRESS RENTABLE AREA TENANTS OCCUPANCY REMAINING 1001 Eagles Landing Pkwy ±8,900 SF 4 100.0% 10.1 Years 051-01008000 Stockbridge, GA

PARCEL MAP

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SUBJECT PROPERTY

EAGLES LANDING PKWY ±20,000 VPD

I-75 ±18,000 VPD

EAGLES LANDING COUNTRY CLUB

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EAGLES LANDING E XCHANGE FINANCIAL OVERVIEW

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VALUATION SUMMARY

PRICING SUMMARY: List Price $4,250,000 Price PSF ($) $478

RETURNS SUMMARY: In Place Cap Rate 6.45% Financial: Year 1 NOI $273,895 Net Rentable Area +/-8,897 In Place Occupancy 100.0%

RENT ROLL

Lease Lease Square Contract Rental Rate Rent $ PSF Rent Increases Suite Tenant % of GLA Options Start End Feet Year Month $ PSF/Yr. $ PSF/Mo. Date $ PSF/Yr. $ PSF/Mo. Moe's Feb-24 $33.00 $2.75 2x5 years: (1) $39.60 PSF. 1 Feb-19 Feb-29 2,300 SF 25.8% $69,000 $5,750 $30.00 $2.50 Southwest Feb-29 $36.30 $3.03 (2) $43.56 PSF.

2x5 years: (1) $29.04 PSF. 2 Jersey Mike's Feb-19 Feb-29 1,500 SF 16.9% $46,500 $3,875 $31.00 $2.58 Feb-24 $34.10 $2.84 (2) $31.94 PSF.

2x5 years: (1) $32.67 PSF. 3 Nail Bar Feb-19 Feb-29 2,500 SF 28.1% $67,500 $5,625 $27.00 $2.25 Feb-29 $29.70 $2.48 (2) $35.94 PSF.

Chicken Salad 2x5 years: (1) $42.35 PSF. 4 Feb-19 Feb-29 2,597 SF 29.2% $90,895 $7,575 $35.00 $2.92 Feb-24 $38.50 $3.20 Chick (2) $46.59 PSF.

Occupied Totals - In Place 8,897 SF 100.0% $273,895 $22,825 $123.00 $10.25 Vacant Totals 0 0.0% $0 $0 $0.00 $0.00 Totals 8,897 SF 100.0% $273,895 $22,825 $123.00 $10.25

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SUMMARY TENANT PROFILE

Lease Tenant Name Square Feet In-Place Rent % of Revenue Tenant Type Credit Expiration

Moe's Southwest 2,300 Feb-29 $69,000 25.2% Restaurant Local/Regional

Jersey Mike's 1,500 Feb-29 $46,500 17.0% Restaurant Local/Regional

@ Nail Bar 2,500 Feb-29 $67,500 24.6% Shops Local/Regional

Chicken Salad Chick 2,597 Feb-29 $90,895 33.2% Restaurant Local/Regional

Grand Total 8,897 $273,895 100%

INCOME AND EXPENSES

Year 1 Total $/SF Income Rental Income $273,895 $50.89 Other Income $0 - Vacancy Factor $0 - Reimbursement Revenue $40,255 $7.48 Effective Gross Income $314,150 $58.37

Expenses Real Estate Taxes $20,029 $3.72 Insurance $1,308 $0.24 CAM $13,854 $2.57 Management Fees $5,064 - EGI (%) Administrative / Professional Fees $0 - Total Operating Expense $40,255 $7.48 Net Operating Income $273,895 $50.89

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EAGLES LANDING E XCHANGE AREA OVERVIEW

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STOCKBRIDGE, GEORGIA LOCATION MAP

The City of Stockbridge is located in the northern part of Henry County, Georgia with close proximity to I-75 as well as I-675. The county has an area of approximately 331 square miles located in the Piedmont Section of northern Georgia and is surrounded by the counties of Butts, Clayton, Dekalb, Newton, Rockdale and Spalding Counties.

Conveniently located 20 miles south of Atlanta and 12 miles east of the Atlanta Hartsfield-Jackson International Airport, Stockbridge is often recognized as the gateway to Henry County.

Supportive economic development, excellent public services and fabulous small-town hospitality are all reasons why Stockbridge continues to enjoy tremendous growth.

DEMOGRAPHICS

Population 1 Mile 3 Mile 5 Mile 2023 Projection 5,887 48,423 101,473 2018 Estimate 5,343 43,866 91,982 2010 Census 4,746 39,733 82,280 Growth 2018-2023 10.18% 10.39% 10.32% Growth 2010-2018 12.57% 10.40% 11.79% Households 1 Mile 3 Mile 5 Mile 2023 Projection 2,356 17,13 4 35,559 2018 Estimate 2,224 16,202 33,771 2010 Census 1,940 14,422 29,781 Growth 2018-2023 5.94% 5.76% 5.30% Growth 2010-2018 14.63% 12.34% 13.40% Income 1 Mile 3 Mile 5 Mile Average Household Income $67,771 $85,803 $82,623 Median Household Income $54,893 $66,429 $65,601

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ATLANTA, GEORGIA

Atlanta is the capital of and the most populous city in the U.S. state of Georgia, the cultural and economic center of the Atlanta metropolitan area, and the ninth largest metropolitan area in the United States.

Atlanta is an “alpha-” or “world city”, exerting a significant impact upon commerce, finance, research, technology, education, media, art, and entertainment. It ranks 36th among world cities and 8th in the nation with a gross domestic product of $270 billion. Atlanta’s economy is considered diverse, with dominant sectors including logistics, professional and business services, media operations, and information technology.

Encompassing $304 billion, the Atlanta metropolitan area is the eighth-largest economy in the country and 17th-largest in the world. Corporate operations comprise a large portion of Atlanta’s economy, with the city serving as the regional, national, or global headquarters for many corporations. Atlanta contains the country’s third largest concentration of Fortune 500 companies, and the city is the global headquarters of corporations such as The Coca-Cola Company, The Home Depot, Delta Air Lines, AT&T Mobility, Chick-fil-A, UPS, and Newell-Rubbermaid. Over 75 percent of Fortune 1000 companies conduct business operations in the Atlanta metropolitan area, and the region hosts offices of about 1,250 multinational corporations.

Atlanta is home to professional franchises for three major team sports: the Atlanta Braves of Major League Baseball, the Atlanta Hawks of the National Basketball Association, and the Atlanta Falcons of the National Football League. Due to the more than 30 colleges and universities located in the city, Atlanta is considered a center for higher education.

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ATLANTA ECONOMY

Atlanta’s economy is considered diverse, with dominant sectors including logistics, professional and business services, media operations, and information technology. Corporate operations comprise a large portion of Atlanta’s economy, with the city serving as the regional, national, or global headquarters for many corporations. Atlanta contains the country’s third largest concentration of Fortune 500 companies, and the city is the global headquarters of corporations such as The Coca-Cola Company, The Home Depot, Delta Air Lines, AT&T Mobility, Chick-fil-A, UPS, and Newell- Rubbermaid. Many corporations are drawn to Atlanta on account of the city’s educated workforce; as of 2010, nearly 43% of adults in the city of Atlanta have college degrees, compared to 27% in the nation as a whole.

ATLANTA TOURISM

Atlanta is one of the most visited cities in National Historic Site, which includes the in Grant Park, accommodates over 1,300 America, with over 37 million visitors per year. preserved childhood home of Dr. Martin Luther animals representing more than 220 species. In 2015 alone, the tourism industry generated King, Jr., as well as his final resting placeAtlanta Home to the nation’s largest collections of $58.9 billion in business sales. Although the most also contains various outdoor attractions. The gorillas and orangutans, the Zoo is also one of popular attraction among visitors to Atlanta Atlanta Botanical Garden, adjacent to Piedmont only four zoos in the U.S. to house giant pandas. is the Georgia Aquarium, the world’s largest Park, is home to the 600-foot-long Kendeda Festivals showcasing arts and crafts, film, and indoor aquarium, Atlanta’s tourism industry Canopy Walk, a skywalk that allows visitors music, including the Atlanta Dogwood Festival, mostly driven by the city’s history museums to tour one of the city’s last remaining urban the Atlanta Film Festival, and Music Midtown, and outdoor attractions. Atlanta contains a forests from 40-foot-high. The Canopy Walk is respectively, are also popular with tourists. notable amount of historical museums and considered the only canopy-level pathway of its sites, including the Martin Luther King, Jr. kind in the United States. Zoo Atlanta, located

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EAGLES LANDING E XCHANGE TENANT OVERVIEW

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Chicken Salad Chick, the nation’s only Southern-inspired, fast-casual chicken salad restaurant concept, was founded in 2008 in Auburn, Alabama. What started as a small takeout restaurant has quickly grown throughout the Southeast. Our founders instilled a strong culture of genuine southern hospitality. Chicken Salad Chick is attractive to owners, developers, and landlords because of its streamlined and simple operation, lack of fryers and vents, and unique dining experience. The concept is supported by local and brand-wide marketing to create awareness and store traffic. Our owners are trained in community marketing, which includes on-site marketing events as well as off-premise catering Chicken Salad Chick boasts 95 restaurants across 10 states and will grow to 100+ by the end of 2018.

WWW.CHICKENSALADCHICK.COM

Originally Mike’s Subs, this small sub shop was started in 1956 in Point Pleasant, NJ. In 1974, at the age of 17, Peter Cancro (current CEO) became the owner and proprietor of Mike’s Subs. Cancro spent the next decade building on the strong following that Mike’s Subs already enjoyed. In 1987, Peter began franchising and changed the name from Mike’s Subs to Jersey Mike’s Subs to capture the authenticity of where the authentic sub sandwich was born. There are currently more than 1,500 locations open and under development across the United States.

WWW.JERSEYMIKES.COM

From the second you walk into a Moe’s, you’ll notice there’s something different. You actually feel welcomed. Ever since our employees at the first location in Atlanta, GA in the year 2000 shouted “Welcome to Moe’s!” – which probably scared the bejesus out of those first guests – that phrase has embodied our entire culture. Everybody is welcome at Moe’s. Our passion for fun and flavor make us the go-to brand for those who crave adventurous, authentically Southwest flavors. Moe’s Southwest Grill® has been recognized as the Brand of the Year in the Fast Casual Mexican Restaurant category based on the 2017 Harris Poll EquiTrend® Study, for the second year in a row†, and we have more than 700 restaurants in 40 states with a lot more room to grow. And like the Southwest itself, the future looks bold and bright for our concept. Mexican has now eclipsed Pizza as the 2nd largest category behind burgers and fast casual dining continues to grow at a healthy pace.

WWW.MOES.COM

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Confidentiality Agreement & Disclaimer This Offering Memorandum contains select information pertaining to the business and affairs ofEagles Landing Exchange located at 1001 Eagles Landing Parkway | Stockbridge, GA 30281 (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum for the Property, you agree:

1 . The Offering Memorandum and its contents are confidential; 2. You will hold it and treat it in the strictest of confidence; and 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

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OFFERING MEMORANDUM

ANDREW GROSS Senior Associate Capital Markets

D: (214) 295-4511 M: (435) 659-1404 E: [email protected] License No. 01987860 (CA)

BROKER OF RECORD KYLE MATTHEWS License No. 67120 (GA)

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