761 N. Sebastian Street, West Helena, AR 72390

761 N. Sebastian Street, West Helena, AR 72390 Table of Contents: Financial Overview Financial Overview & Underwriting….………………………………3 Tenant Overview……………………………………………….…………..…4 Lease Abstract…………………………………………………………………..5

Property Overview Investment Overview…………………………………………..……………6 Property Photos………………………………………………………..………7 Aerial Photo…………….………………………………………………….….…8-11 Maps………………………………………………………………………………...12-13

Market Overview West Helena Overview………….……………………………..…………….14 Demographics…………………………………………………………………….15-16

Term Annual Rent Monthly Rent

Year 2 $ 82,820.00 $ 6,833.33 Year 3: $ 83,648.20 $ 6,901.67 Price $1,489,000 Year 4: $ 84,484.68 $ 6,970.68 Gross Leaseable Area (GLA) 1,728 SF Year 5: $ 85,329.53 $ 7,040.39 Price/ SF $861.69 Year 6: $ 86,182.82 $ 7,110.79 Cap Rate 5.56% Year 7: $ 87,044.65 $ 7,181.90 Net Operating Income $82,820 Year 8: $ 87,915.10 $ 7,253.72 Year Built 2016 Year 9: $ 88,794.25 $ 7,326.26 Lot Size 0.56 Acres Year 10: $ 89,682.19 $ 7,399.52 Type of Ownership Fee Simple Year 11: $ 90,579.01 $ 7,473.52 Year 12: $ 91,484.80 $ 7,548.25 Year 13: Lease Type Absolute Net $ 92,399.65 $ 7,623.73 Roof & Structure Tenant Responsible Year 14: $ 93,323.65 $ 7,699.97 Lease Term 20 Years Year 15: $ 94,256.89 $ 7,776.97 Rent Commencement July 1, 2016 Year 16: $ 95,199.45 $ 7,854.74 Lease Expiration June 30, 2036 Year 17: $ 96,151.45 $ 7,933.29 Term Remaining 19 Years Year 18: $ 97,112.96 $ 8,012.62 Increases 1% Annually Year 19: $ 98,084.09 $ 8,092.75 Options Four, Five-Year Year 20: $ 99,064.93 $ 8,173.67 Option to Terminate None NET OPERATING INCOME (NOI): $82,820.00 Option to Purchase None Total Return 5.56%/$1,489,000 Right of First Refusal Yes, 15-day notice

Taco Bell Headquarters Irvin, Texas

Taco Bell is an American chain of fast-food restaurants based in Irvine, Stock Symbol NYSE: YUM California. A subsidiary of Yum! Brands, Inc., they serve a variety of Tex- Mex foods including tacos, burritos, quesadillas, nachos, other specialty Revenue $245 Million (2012) items, and a variety of "Value menu " items. Taco Bell serves more than 2 Credit Rating BBB S&P billion customers each year in more than 5,600 restaurants in the U.S., more than 80 percent of which are owned and operated by independent Locations 5,945 franchisees. Website www.tacobell.com Yum! Brands Yum! Brands, Inc., based in Louisville, Ky., is the world's largest restaurant company in terms of system units with nearly 38,000 restaurants in over 120 countries and territories and more than 1 million associates. Yum! is ranked #213 on the Fortune 500 List and generated more than $12 billion in revenue in 2011. Their brands - KFC, Pizza Hut and Taco Bell - are the global leaders of the chicken, pizza and Mexican-style food categories. The Yum! system includes four operating segments: U.S., International (Yum! Restaurants International), China and India Divisions. Outside the United States in 2011, the Yum! system opened approximately four new restaurants each day of the year, making it a leader in international retail development. K-Mac Enterprises (Guarantor)

K-Mac was founded in 1964 by Ken McGruder. The company is headquartered in Fort Smith, Arkansas and is a leading quick-service restaurant franchisee. Olympus Partners, a private-equity firm in Stamford, Connecticut, acquired majority control of K-Mac, then known as K-Mac Enterprises, Inc., in late 2004, when it had 144 stores. In March 2011, Brentwood Associates, a private-equity firm based in Los Angeles, California acquired K-Mac Holdings Corporation from Olympus partners. K-Mac currently owns and operates more than 290 restaurants in Arkansas, Indiana, Illinois, Kentucky, Mississippi, Missouri, Oklahoma, Tennessee, and Texas. K-Mac Holdings, the parent company achieves annual sales of nearly $250 million. They are the 2nd largest Taco Bell operator in the United States and one of the largest and most successful YUM! Brand operators. In addition to operating Taco Bell and KFC franchises, they also operate Golden Corral restaurants in the Southeast. Brentwood Associates Brentwood Associates is one of the oldest private equity firms in the US with groups focusing on both leveraged buyouts and venture capital investments. Brentwood Associates is a leading consumer-focused private equity investment firm based in Los Angeles. Founded in 1972, Brentwood has an extensive history of investing in leading middle-market growth companies. Brentwood focuses on investments in growing businesses where it is able to leverage its experience in areas such as: branded consumer products; consumer and business services; direct marketing, including direct mail and e-commerce; education; health and wellness; restaurants; and specialty retail. Since 1984, Brentwood's dedicated private equity team has invested in 42 portfolio companies with an aggregate transaction value of over $5 billion. Brentwood is investing out of its ninth private equity fund and has assets under management of over $650 million.

Common Area Tenant pays and handles all CAM directly Maintenance Real Estate Taxes Tenant Pays Directly to Taxing Authority Insurance Tenant pays for and maintains policy Utilities Tenant directly responsible for the payment of utilities. Capital Expenditures Tenant is responsible for the building and leased premises

Parking Areas Tenant shall keep the sidewalks, parking areas and drives on or about the Leased premises in a clean, slightly, and sanitary condition, free of ice and snow and repair and fill any potholes.

HVAC Tenant is responsible for repair and replacement of HVAC

Tenant shall have 15 Days to provide an executed Estoppel Estoppel

Marcus & Millichap is pleased to present for sale the following net-leased Taco Bell Investment Highlights restaurant located in West Helena, Arkansas.

K-Mac Enterprises, Inc signed a new 20-year absolute net lease in 2016 with one  19 Years Remaining on 20 Year Absolute NNN percent annual increases to the rent. The property is located along the main Lease thoroughfare within West Helena, Arkansas and is just down from Walmart Supercenter. West Helena is about an hour and a half southwest of Memphis, TN.  No Landlord Responsibilities The lease is guaranteed by K-Mac Enterprises, which is the second-largest Taco Bell  Lease is Guaranteed by K-Mac Enterprises, operator in the country, with nearly 300 locations in 9 states including Arkansas, Second Largest Taco Bell Franchisee in the U.S. Illinois, Indiana, Kentucky, Mississippi, Missouri, Oklahoma, Tennessee, and Texas. K-Mac also operates KFC franchises and Golden Corral franchisees, with a regional concentration in the Midwest and Southeast United States.  Rare 1% Annual Rent Increases The opportunity is to acquire a passive single-tenant net-leased asset with no landlord responsibilities with the ability to achieve higher returns through annual rental  K-Mac Operates nearly 300 Locations in 9 states escalations.

 New Prototype Building Built in 2016

 West Helena is approximately one and one-half hour from Memphis, TN.

Helena–West Helena is the county seat of and the largest city within Phillips County, Arkansas, United States.[1] The current city was consolidated, effective January 1, 2006, from the two Arkansas cities of Helena and West Helena. Helena is sited on lowlands between the Mississippi River and the eastern side of Crowley's Ridge. West Helena is located on the western side of Crowley's Ridge, a geographic anomaly in the typically flat Arkansas Delta. The Helena Bridge, one of Arkansas' four Mississippi River bridges, carries U.S. Route 49 across to Mississippi. The combined population of the two cities was 15,012 at the 2000 census and at the 2010 census, the official population was 12,282. The municipality traces its historical roots to the founding of the port town of Helena on the Mississippi River by European Americans in 1833. As the county seat, Helena was the center of a prosperous cotton plantation region in the antebellum years. Helena was occupied by the Union Army early in the American Civil War. The city was the site of the Battle of Helena fought in 1863. Confederate forces unsuccessfully tried to expel Union forces from Helena in order to help relieve pressure on the strategic river town of Vicksburg, Mississippi. Later in the year, Helena served as the launching point for the Union Army in the capture of Little Rock, the state capital.

A thriving blues community developed here in the 1940s and 1950s as rural musicians relocated for city jobs. Mechanization had reduced the need for farm workers. The city continued to grow until the closing of the Mohawk Rubber Company, a subsidiary of Yokohama Rubber Company, in the 1970s. Unemployment surged shortly after.[3]

Among the attractions in Helena–West Helena are the Delta Cultural Center, the Pillow- Thompson House (owned and operated by the Phillips Community College of the University of Arkansas), and the Helena Confederate Cemetery, which holds the remains of seven Confederate Army generals.[4] The city holds an annual King Biscuit Blues Festival each October. It has been held under this name since 2010, when it was renamed at a 25th- anniversary performance by musician B.B. King. Helena-West Helena Bridge

Geography: 10 Miles Population Race and Ethnicity In 2016, the population in your selected geography is 4,590. The The current year racial makeup of your selected area is as follows: 24.52% population has changed by -19.47% since 2000. It is estimated that the White, 72.91% Black, 0.00% Native American and 0.51% Asian/Pacific population in your area will be 4,444.00 five years from now, which Islander. Compare these to US averages which are: 70.77% White, represents a change of -3.18% from the current year. The current 12.80% Black, 0.19% Native American and 5.36% Asian/Pacific Islander. population is 47.09% male and 52.91% female. The median age of the People of Hispanic origin are counted independently of race. population in your area is 33.98, compare this to the US average which is 37.68. The population density in your area is 1,460.67 people per square People of Hispanic origin make up 1.76% of the current year population mile. in your selected area. Compare this to the US average of 17.65%.

Households There are currently 1,772 households in your selected geography. The Employment number of households has changed by -18.53% since 2000. It is estimated In 2016, there are 1,395 employees in your selected area, this is also known that the number of households in your area will be 1,721 five years from as the daytime population. The 2000 Census revealed that 55.24% of now, which represents a change of -2.88% from the current year. The employees are employed in white-collar occupations in this geography, and average household size in your area is 2.62 persons 43.87% are employed in blue-collar occupations. In 2016, unemployment in this area is 8.82%. In 2000, the average time traveled to work was 18.00 minutes. Income In 2016, the median household income for your selected geography is $25,083, compare this to the US average which is currently $54,505. The median household income for your area has changed by 7.29% since 2000. It is estimated that the median household income in your area will be $27,226 five years from now, which represents a change of 8.54% from the current year.

The current year per capita income in your area is $13,598, compare this to the US average, which is $29,962. The current year average household income in your area is $35,006, compare this to the US average which is $78,425.

POPULATION 1 Miles 3 Miles 5 Miles HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 Miles Total Average Household Retail . 2021 Projection $38,807 $40,928 $41,222 Total Population 4,444 9,281 13,307 Expenditure . Consumer Expenditure Top 10 . 2016 Estimate Categories Total Population 4,590 9,620 13,977 Housing $11,629 $12,100 $12,117 . 2010 Census Transportation $7,595 $7,989 $8,005 Total Population 5,015 10,447 15,062 Shelter $6,289 $6,583 $6,587 . 2000 Census Food $4,245 $4,474 $4,485 Total Population 5,700 11,873 17,999 Utilities $3,545 $3,598 $3,603 . Current Daytime Population Health Care $2,553 $2,751 $2,762 2016 Estimate 4,527 9,428 14,304 Personal Insurance and Pensions $2,540 $2,808 $2,836 HOUSEHOLDS 1 Miles 3 Miles 5 Miles Entertainment $1,570 $1,689 $1,693 . 2021 Projection Cash Contributions $1,140 $1,234 $1,228 Total Households 1,721 3,525 5,119 . 2016 Estimate Apparel $1,123 $1,177 $1,185 Total Households 1,772 3,630 5,334 POPULATION PROFILE 1 Miles 3 Miles 5 Miles Average (Mean) Household Size 2.62 2.60 2.58 . Population By Age . 2010 Census 2016 Estimate Total Population 4,590 9,620 13,977 Total Households 1,957 3,980 5,792 Under 20 32.44% 31.47% 31.51% . 2000 Census 20 to 34 Years 18.73% 18.23% 18.14% Total Households 2,175 4,378 6,624 35 to 39 Years 5.35% 5.35% 5.34% . Occupied Units 40 to 49 Years 10.31% 10.31% 10.45% 2021 Projection 1,721 3,525 5,119 50 to 64 Years 18.74% 19.10% 19.39% 2016 Estimate 2,291 4,646 6,973 Age 65+ 14.44% 15.52% 15.18% HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles Median Age 33.98 35.27 35.33 . 2016 Estimate . Population 25+ by Education Level $150,000 or More 0.63% 1.40% 1.55% 2016 Estimate Population Age 25+ 2,784 5,929 8,613 $100,000 - $149,000 2.76% 4.20% 4.73% Elementary (0-8) 6.10% 7.58% 7.31% $75,000 - $99,999 6.00% 6.67% 6.27% Some High School (9-11) 17.87% 16.53% 16.45% $50,000 - $74,999 9.70% 9.99% 9.69% $35,000 - $49,999 15.74% 14.36% 13.40% High School Graduate (12) 30.31% 28.39% 28.40% Under $35,000 64.83% 62.80% 63.69% Some College (13-15) 21.08% 20.35% 21.65% Average Household Income $35,006 $39,206 $39,807 Associate Degree Only 12.96% 12.33% 10.89% Median Household Income $25,083 $26,035 $25,924 Bachelors Degree Only 6.86% 8.88% 8.65% Per Capita Income $13,598 $14,915 $15,340 Graduate Degree 2.94% 4.29% 4.67%

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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Services, Inc. © 2015 Marcus & Millichap ACT ID Y0260198 CONFIDENTIALITY & DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepare to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, not has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

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NET LEASED DISCLAIMER Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:

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. exclusive offering

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