SUBJECT PROPERTY

EXCLUSIVE OFFERING | $4,361,000 – 5.65% CAP Jiffy lube & TACO BELL – ABSOLUTE NNN

460 Alfred St, Biddeford, me

214.675.0175 Property. New construction. 7,074+SF building on 1.86+ acre site. Jiffy Lube: 4,995+ SF | Taco Bell: 2,079+ SF. MATTHEW SCOW Tenants. Lessee: Jiffy Lube International, Inc. | Jiffy Lube: 2,000+ businesses in North America offering oil changes and other automotive services. [email protected] Lessee: Charter Foods North, LLC. | Taco Bell: Over 5,800 Restaurants in the U.S., serves over 2 billion consumers annually JOE CAPUTO Lease structure. Jiffy Lube: Brand new, 20-year, corporate absolute NNN lease with 10% rent increases every 5-years in primary term & options. [email protected] Taco Bell: Brand new, 20-year, absolute NNN lease with 10% rent increases every 5-years in primary term & options. Location. Jiffy Lube and Taco Bell are located along Alfred St. “Route 111” (24,000 VPD), just east of Interstate 95 (I-95) “Maine Turnpike” (35,000 VPD). The subject property is surrounded by notable national tenants such as Walmart, Target, Home Depot, Kohl’s, CVS, Rite Aide, TJ Maxx, Staples, PetSmart, Dressbarn, Big Lots, Planet Fitness, Advance Auto Parts, AutoZone, O’Reilly, YMCA, Dollar Tree, Panera, Wendy’s, Dairy Queen, Burger King, McDonalds, and many more. Biddeford is conveniently situated approximately 70-miles south of Augusta, ME and 90 miles north of Boston, MA. Table of contents Jiffy lube & TACO BELL

460 Alfred St, Biddeford, me

Disclaimer PAGE 1: COVER Trivanta. (“Agent”) has been engaged as an agent for the sale of the property located at 460 Alfred St., Biddeford, ME by the owner of the Property (“Seller”). The Property is being PAGE 2: TABLE OF CONTENTS offered for sale in an “as-is, where-is” condition and Seller and Agent make no representations or warranties as to the accuracy of the information contained in this PAGE 3: INVESTMENT | LEASE OVERVIEW Offering Memorandum. The enclosed materials include highly confidential information and are being furnished solely for the purpose of review by prospective purchasers of the PAGE 4: TENANT OVERVIEW interest described herein. The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsible. The material contained herein is based on information and sources deemed to be reliable, PAGE 5-6: AERIAL PHOTOS but no representation or warranty, express or implied, is being made by Agent or Seller or any of their respective representatives, affiliates, officers, employees, shareholders, PAGE 7: SITE PLAN partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to be PAGE 8: SITE RENDERINGS comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Agent nor the Seller shall PAGE 9: LOCATION OVERVIEW have any liability whatsoever for the accuracy or completeness of the information contained herein or any other written or oral communication or information transmitted or made available or any action taken or decision made by the recipient with respect to the Property. PAGE 10-11: LOCATION MAPS Interested parties are to make their own investigations, projections and conclusions without reliance upon the material contained herein. Seller reserves the right, at its sole and PAGE 12: DEMOGRAPHICS absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Seller and Agent each expressly reserves the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. This offering is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. Agent is not authorized to make any representations or agreements on behalf of Seller. Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions to Seller’s obligations hereunder have been satisfied or waived. By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated in the strictest confidence and shall be returned to Agent or Seller promptly upon request; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied SUBJECT PROPERTY or otherwise reproduced without the prior written authorization of Seller and Agent. MAINE BROKER OF RECORD: ROB BLANCHFLOWER | NATIONAL COMMERCIAL BROKERS, INC. | LICENSE #DB920366

2 Investment | LEASE overview Jiffy lube & TACO BELL

460 Alfred St, Biddeford, me

Lease overview PRICE: $4,361,000

CAP RATE: 5.65%

COMBINED NOI: $246,392

YEAR BUILT: 2017

OWNERSHIP: Fee Simple Interest

LAND AREA: 1.86+ Acres SUBJECT PROPERTY

ProportionateProportionate ProjectedProjected Rent/Lease RentRent RentRent TenantTenant SquareSquare FeetFeet ShareShare CommencementCommencement ExpirationExpiration TermTerm MonthlyMonthly AnnualyAnnualy LeaseLease Type OptionsOptions

JiffyJiffy LubeLube 4,9954,995 64%64% OctOct-17-17 OctOct-37-37 YRYR 11-5-5 $13,032.67$13,032.67 $156,392.04$156,392.04 AbsoluteAbsolute NNN NNN (4)(4) 55-Year-Year OptionsOptions YRYR 66-10-10 $14,335.94$14,335.94 $172,031.24$172,031.24 YRYR 1111-15-15 $15,769.53$15,769.53 $189,234.37$189,234.37 YRYR 1616-20-20 $17,346.48$17,346.48 $208,157.81$208,157.81 OptionOption 1 1 $19,081.13$19,081.13 $228,973.59$228,973.59 OptionOption 2 2 $20,989.25$20,989.25 $251,870.94$251,870.94 OptionOption 3 3 $23,088.17$23,088.17 $277,058.04$277,058.04 OptionOption 4 4 $25,396.99$25,396.99 $304,763.84$304,763.84

TacoTaco Bell 2,0792,079 36%36% OctOct-17-17 OctOct-37-37 YRYR 11-5-5 $9,305.75$7,500 $111,669.00$90,000 AbsoluteAbsolute NNN NNN (4)(4) 55-Year-Year OptionsOptions YRYR 66-10-10 $10,236.33$8,250 $122,835.96$99,000 YRYR 1111-15-15 $11,259.96$9,075 $135,119.52$108,900 YRYR 1616-20-20 $9,982.50$12,385.95 $148,631.40$119,790 OptionOption 1 1 $10,980.75$13,624.55 $163,494.60$131,769 OptionOption 2 2 $12,078.82$14,987.00 $144,945.90$179,844.00 OptionOption 3 3 $13,286.70$16,485.70 $159,440.49$197,828.40 OptionOption 4 4 $14,615.37$18,134.27 $175,384.53$217,611.24

TotalsTotals CurrentCurrent NOINOI $20,532.67$22,338.42 $246,392.04$268,061.04 Notes: Tenants (Jiffy Lube and Taco Bell) reimburse Landlord for taxes, insurance, and CAM (based on proportionate share of building). 3 tenant overview Jiffy lube & TACO BELL

460 Alfred St, Biddeford, me

Lessee: Jiffy Lube International, Inc., a Delaware Corporation

JIFFY LUBE | www.jiffylube.com Jiffy Lube is a chain of over 2,000 businesses in North America offering oil changes and other automotive services. The company is based in Houston, Texas, and is a subsidiary of Shell Oil. Jiffy Lube consists of more than 2,000 franchised service centers throughout North America and Canada, serving approximately 24 million customers each year. Jiffy Lube service centers are 100% franchise-owned, independently owned and operated by 252 entity groups. The company was ranked first on National Oil and Lube News 2011 Tops in the Fast Lubes Industry Rankings. Also, Jiffy Lube was ranked number 15 in Entrepreneur Magazine’s 2012 Franchise 500 and number 73 on Franchise Times 2011 Top 200 Franchise Chains by Worldwide Sales. The first Jiffy Lube store was established on 36th Street in Ogden, Utah by Edwin H. Washburn as early as 1971. Over the following years, Washburn franchised a number of Jiffy Lube centers in within Utah. In 1979, then-football coach at Western Maryland College W. James Hindman bought out Washburn's seven franchises and established Jiffy Lube International, relocating to Baltimore, Maryland. It is this year which Jiffy Lube generally states as its founding date with Hindman as its founder. Jiffy Lube went public in 1987, and had opened 1,020 franchises and company stores by 1989. At this point, Jiffy Lube posted a $39 million loss on $350 million in sales and declared bankruptcy. This is the equivalent of $72.2 million and $648 million respectively in present day terms. In 1991, Jiffy Lube became a subsidiary of Pennzoil. Following the merger of Pennzoil and Quaker State in 1998, the 581 Q Lube stores were merged into the Jiffy Lube brand, then possessing 1,541 stores, with overlapping operations being closed down. Pennzoil-Quaker State was ultimately purchased by Shell Oil in 2002. The core offering of Jiffy Lube remains the Jiffy Lube Signature Service® Oil Change, a service that offers customers more than just a standard oil and filter change. In June 2011, Jiffy Lube introduced a new program called Oil Change Schedule (OCS). The new program allows Jiffy Lube customers to choose how often they have their oil changed based on a number of variables including vehicle manufacturer recommendations, driving habits, and road conditions. The OCS program moves away from the old model of changing oil every 3,000 miles and provides a schedule that is unique for each driver.

Lessee: Charter Foods North, LLC.

CHARTER FOODS NORTH, LLC. Charter Foods North, LLC. is a privately held company in Morristown, Tennessee. This organization primarily operates in the Ice Cream, Soft Drink and Soda Fountain Stands business/industry within the Eating and Drinking Places sector. This company has been operating for approximately 7 years. Charter Foods North is estimated to generate $4.6 million in annual revenues, and employs approximately 48 people at this single location. TACO BELL | www.tacobell.com Taco Bell is an American chain of fast-food restaurants based in Irvine, California. A subsidiary of Yum! Brands, Inc., which serves American-adapted Mexican food. Taco Bell serves tacos, burritos, quesadillas, nachos, other specialty items, and a variety of "Value Menu" items. Taco Bell serves more than 2 billion consumers each year in more than 5,800 restaurants in the U.S., more than 80 percent of which are owned and operated by independent franchisees. Taco Bell is also present in the Dominican Republic, Puerto Rico, Guam, Aruba, Costa Rica, Chile, Colombia, Ecuador, Panama, and on AAFES military bases in Japan, Germany, and Iraq. Yum! Brands, Inc. or Yum! is an American fast food company. A Fortune 500 corporation, Yum operates the licensed brands Taco Bell, KFC, Pizza Hut, and WingStreet worldwide. Prior to 2011, Yum! also owned Long John Silver's and A&W Restaurants. Based in Louisville, Kentucky, it is the world's largest fast food restaurant company in terms of system units—more than 40,000 restaurants around the world in over 125 countries. In 2013, Yum!'s global sales totaled more than $13 billion.

4 Aerial photo Jiffy lube & TACO BELL

460 Alfred St, Biddeford, me

Southern Maine H.C. Medical Center

The Shops at Biddeford Crossing

5 Aerial photo Jiffy lube & TACO BELL

460 Alfred St, Biddeford, me

West Coast Sticker Station Marine Products

Amato’s Sandwich Shop

Robert G. Dodge Business Park

Five Star Auto Sales

Plat It Again Biddeford Sports Savings Bank

Gentle Dental Journal Tribune

6 site plan Jiffy lube & TACO BELL

460 Alfred St, Biddeford, me

7 site RENDERINGS Jiffy lube & TACO BELL

460 Alfred St, Biddeford, me

8 Location overview Jiffy lube & TACO BELL

460 Alfred St, Biddeford, me

IMMEDIATE TRADE AREA AUGUSTA, ME / KENNEBEC VALLEY Jiffy Lube and Taco Bell are located along Alfred St. “Route 111” (24,000 Located on both sides of the Kennebec River, Augusta is the center of VPD), just east of Interstate 95 (I-95) “Maine Turnpike” (35,000 VPD). Route employment, commerce and service for Central Maine and is the seat of state 111 is a major commercial corridor offering multiple major shopping centers and county government. Augusta is a one-hour drive from Portland, less than with numerous national chain restaurants. three hours drive from Boston. While the City's population is 18,500, the City is The subject property is surrounded by notable national tenants such as the service center to a large area of some 70,000 people - and more recently a Walmart, Target, Home Depot, Kohl’s, CVS, Rite Aide, TJ Maxx, Staples, retail shopping mecca for a population of some 250,000. PetSmart, Dressbarn, Big Lots, Planet Fitness, Advance Auto Parts, AutoZone, Augusta is a city rich in history. From its early days as a Pilgrim trading post, O’Reilly, YMCA, Dollar Tree, Panera, Wendy’s, Dairy Queen, Burger King, the City has grown as an industrial and trade center and has become a center McDonalds, and many more. for the region's health and educational services. Joint public and private efforts have resulted in the development of the Augusta Business Park, Augusta Civic BIDDEFORD, ME Center Complex, downtown redevelopment and regional retail shopping Biddeford, with a population of 22,000 persons, is Maine’s 6th largest City. centers. A new City Hall Complex, including a renovated Old Fort Western Located along the I-95 corridor, Biddeford is conveniently situated museum complex, now resides on the banks of the Kennebec. approximately 70-miles south of Augusta, ME and 90 miles north of Boston, The Kennebec Valley Chamber of Commerce is a business association of MA. some 750 businesses, industries and organizations in the greater Augusta Settled in the early 1600’s, Biddeford and its sister City of Saco, have a long region and southern Kennebec County. The Chamber's teamwork approach is and rich history as the commercial center of York County. Once a textile center key in building a stronger economy, better business environment and higher of world prominence, Biddeford’s economy today is a diverse mix of quality of life for the 70,000 citizens in the 23-community area. manufacturing, technology, and serviced-based companies and institutions many of whom conduct business in the City’s business and industrial parks. While government provides nearly four of every ten jobs in the region, other Anchoring the City’s economic base are two of Maine’s truly dynamic large employers include major distribution companies, health organizations, the institutions: the award-winning Southern Maine Medical Center and the state's largest electric utility headquarters, natural gas headquarters, financial University of New England – both of whom are experiencing impressive growth. institutions, growing retail centers and statewide non-profit associations’ Combined, they account for 2,500 jobs and hundreds of millions of dollars in headquarters. Due to it's central location, the Kennebec Valley has become economic impact. home to some leaders in technological development and innovative manufacturing. The quality of life for Biddeford residents is further enhanced by the availability of an outstanding array of community facilities including a modern regional The Capital area has grown significantly in retail business in the past decade hospital, schools and colleges, library and cultural facilities, and numerous with the addition of some major new retailers and redevelopment of parks and recreational facilities which appeal to all interests. others. Hannaford Supermarkets manages five large grocery stores and a large distribution center in the Augusta Micropolitan. In 2009 Hannaford built the World’s First Platinum LEED’s grocery in the center of the capital. The Marketplace at Augusta is the largest open air shopping mall north of Boston with 40 stores in about 1.3 million square feet of retail space and significant expansions planned.

9 Location map Jiffy lube & TACO BELL

460 Alfred St, Biddeford, me

10 Location map Jiffy lube & TACO BELL

460 Alfred St, Biddeford, me

11 Demographics Jiffy lube & TACO BELL

460 Alfred St, Biddeford, me

460 Alfred St 460 Alfred St 1 mi radius 3 mi radius 5 mi radius 1 mi radius 3 mi radius 5 mi radius Biddeford, ME 04005 Biddeford, ME 04005

2018 Estimated Population 2,881 27,598 41,744 2018 Est. Labor Population Age 16 Years or Over 2,427 23,069 35,039 2023 Projected Population 2,948 28,509 42,913 2018 Est. Civilian Employed 63.3% 68.1% 67.0% 2010 Census Population 2,973 26,930 40,683 2018 Est. Civilian Unemployed 1.7% 1.7% 1.4% 2000 Census Population 2,908 26,773 39,080 2018 Est. in Armed Forces - 0.1% 0.1%

Projected Annual Growth 2018 to 2023 0.5% 0.7% 0.6% 2018 Est. not in Labor Force 35.1% 30.1% 31.5% POPULATION

Historical Annual Growth 2000 to 2018 -0.1% 0.2% 0.4% FORCE LABOR 2018 Labor Force Males 47.7% 47.6% 47.5% 2018 Labor Force Females 52.3% 52.4% 52.5% 2018 Estimated Households 1,241 12,317 18,345 2023 Projected Households 1,289 12,910 19,142 2010 Occupation: Population Age 16 Years or Over 1,562 15,717 23,518 2010 Census Households 1,235 11,583 17,250 2010 Mgmt, Business, & Financial Operations 13.2% 12.9% 14.1% 2000 Census Households 1,178 11,289 16,213 2010 Professional, Related 19.3% 17.4% 19.6%

Projected Annual Growth 2018 to 2023 0.8% 1.0% 0.9% 2010 Service 16.6% 22.0% 20.8% HOUSEHOLDS Historical Annual Growth 2000 to 2018 0.3% 0.5% 0.7% 2010 Sales, Office 29.1% 25.3% 24.9% 2010 Farming, Fishing, Forestry - - 0.1%

2018 Est. Population Under 10 Years 9.3% 10.1% 9.6% 2010 Construction, Extraction, Maintenance 8.5% 10.3% 9.8% OCCUPATION 2018 Est. Population 10 to 19 Years 11.0% 10.7% 11.0% 2010 Production, Transport, Material Moving 13.2% 12.0% 10.8% 2018 Est. Population 20 to 29 Years 13.6% 16.0% 14.2% 2010 White Collar Workers 61.6% 55.7% 58.5% 2018 Est. Population 30 to 44 Years 17.6% 18.7% 18.1% 2010 Blue Collar Workers 38.4% 44.3% 41.5%

AGE 2018 Est. Population 45 to 59 Years 20.1% 19.4% 20.7% 2018 Est. Population 60 to 74 Years 18.0% 16.2% 17.8% 2010 Drive to Work Alone 81.9% 77.1% 79.4% 2018 Est. Population 75 Years or Over 10.4% 8.7% 8.6% 2010 Drive to Work in Carpool 9.7% 12.5% 11.1% 2018 Est. Median Age 42.6 39.3 41.5 2010 Travel to Work by Public Transportation 1.6% 3.1% 2.3% 2010 Drive to Work on Motorcycle 0.2% 0.1% 0.1% 2018 Est. Male Population 48.0% 48.3% 48.2% 2010 Walk or Bicycle to Work 4.6% 3.9% 3.1% 2018 Est. Female Population 52.0% 51.7% 51.8% WORK TO 2010 Other Means 1.0% 0.8% 0.8%

2018 Est. Never Married 31.9% 34.7% 31.5% TRANSPORTATION 2010 Work at Home 1.0% 2.6% 3.3% 2018 Est. Now Married 47.3% 39.3% 42.4%

& GENDER& 2018 Est. Separated or Divorced 14.1% 19.3% 18.5% 2010 Travel to Work in 14 Minutes or Less 39.9% 33.8% 31.6%

MARITAL STATUS STATUS MARITAL 2018 Est. Widowed 6.6% 6.7% 7.5% 2010 Travel to Work in 15 to 29 Minutes 29.3% 37.5% 39.1% 2010 Travel to Work in 30 to 59 Minutes 26.8% 30.9% 29.9% 2018 Est. HH Income $200,000 or More 2.2% 3.0% 4.5% 2010 Travel to Work in 60 Minutes or More 4.5% 3.8% 4.6%

2018 Est. HH Income $150,000 to $199,999 4.3% 3.2% 4.2% TIME TRAVEL 2010 Average Travel Time to Work 18.2 20.9 21.2 2018 Est. HH Income $100,000 to $149,999 10.7% 9.7% 12.2% 2018 Est. HH Income $75,000 to $99,999 14.1% 12.9% 13.6% 2018 Est. Total Household Expenditure $64.5 M $645 M $1.02 B 2018 Est. HH Income $50,000 to $74,999 24.3% 23.5% 22.0% 2018 Est. Apparel $2.24 M $22.4 M $35.6 M 2018 Est. HH Income $35,000 to $49,999 13.6% 15.5% 14.4% 2018 Est. Contributions, Gifts $4.16 M $41.5 M $68.4 M

2018 Est. HH Income $25,000 to $34,999 10.7% 12.0% 10.3% 2018 Est. Education, Reading $2.33 M $23.3 M $38.4 M INCOME 2018 Est. HH Income $15,000 to $24,999 11.0% 10.7% 10.3% 2018 Est. Entertainment $3.60 M $35.9 M $57.2 M 2018 Est. HH Income Under $15,000 9.2% 9.6% 8.7% 2018 Est. Food, Beverages, Tobacco $10.0 M $100 M $158 M 2018 Est. Average Household Income $64,488 $65,424 $71,771 2018 Est. Furnishings, Equipment $2.18 M $21.7 M $35.0 M 2018 Est. Median Household Income $55,229 $53,836 $59,699 2018 Est. Health Care, Insurance $5.78 M $58.0 M $90.9 M 2018 Est. Per Capita Income $28,039 $29,400 $31,748 2018 Est. Household Operations, Shelter, Utilities $20.0 M $200 M $317 M

2018 Est. Miscellaneous Expenses $964 K $9.74 M $15.3 M CONSUMEREXPENDITURE 2018 Est. Total Businesses 465 1,685 2,207 2018 Est. Personal Care $841 K $8.41 M $13.3 M 2018 Est. Total Employees 6,428 16,675 21,263 2018 Est. Transportation $12.4 M $124 M $195 M 12