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.