Offering Memorandum $799,000 Title Max | Single Tenant Nnn Lease (Fee Simple) 3236 E

offering memorandum $799,000 title max | single tenant nnn lease (Fee simple) 3236 E. McDowell rd., Phoenix, az 85008

Eric Carlton Jereme Snyder John Sharpe Marcus Muirhead Associate Vice President Executive Vice President Director Associate Vice President The SNYDER/CARLTON Team License No. 01809955 License No. 01800769 License No. SA543465000 Colliers NNN Group License No. 01360233 3 Park Plaza Ste. 1200 949.724.5561 949.724.5552 949.724.5546 602.222.5176 Irvine, CA 92614 [email protected] [email protected] [email protected] [email protected] www.colliersnnn.com table of contents executive summary...... 3 tenant overview...... 5 financial overview...... 8 property overview...... 10 market & area overview...... 16

The SNYDER/CARLTON Team Colliers NNN Group www.colliersnnn.com investment highlights STRONG CORPORATE GUARANTEE: >> Lease by TMX Finance - Moody’s Rated B3 - Over 1000 Locations Nationally >> National Lending Leader - Notable Brand in AZ - Over 4,300 Employees >> Large Arizona Presence - Strong Market Presence and Market Share STABLE INCOME - EASE OF MANAGEMENT: >> Single Tenant NNN Lease - 3.5 Years Remaining on Original Lease >> Includes 15% Rental Increase on February 1, 2017 with 1-5 Year Option >> Below Market Rent of $.92 PSF - Below Replacement Cost - Low Downside Risk

>> Single Tenant Freestanding Building with Drive Thru - Plenty of Parking >> Zero Landlord Responsibilities - Tenant Responsible for Repairs & Maintenance EXCELLENT RETAIL LOCATION - ESTABLISHED TRADE AREA: PROPERTY OVERVIEW We are pleased to offer to investors a single tenant NNN drive thru building positioned on a >> Dense Residential Neighborhood - Over 272,440 People within 5 Mile Radius shopping center outparcel that is 100% leased and guaranteed by Title Max - one of the nation’s >> Complimentary Demographics - Average HHI over $48,840 largest and most reputable title lending companies. The subject property has approximately >> McDowell a Main Corridor in Phoenix - Approx. 33,000 Cars per Day 3.5 years remaining on an original 5 year lease term with 1 - 5 year option that includes a >> Just North of Red Mountain 202 Freeway - Close to Phoenix Business District 15% rental increase in 2017. The in-place annual rent of approximately $57,624 represents a PSF rent of $0.92, which is substantially below market rents and offers an investor additional >> Surrounding National Retailers Include; Food City, Family Dollar, Burger King, O’Reilly’s downside risk mitigation. The lease is corporate guaranteed by TMX Finance LLC, which Auto Parts, H&R Block and Boost Mobile owns a network of 1,035 stores, including 831 Title Max stores, 151 Title Bucks stores, 77 PERFECT 1031 EXCHANGE PROPERTY: Equity Auto Loan stores, and 53 InstaLoan stores in over 12 states and is currently rated >> Hands Off Single Tenant NNN Lease (Fee) - Established Location -L ow Downside Risk B3 by Moody’s Rating Agency. Title Max offers a title loan product which allows customers >> Rare 15% Rental Increases in All Options - Great Inflation Hedge to meet their liquidity needs by borrowing against the value of their vehicles while retaining >> Zero Landlord Responsibilities - Rare Opportunity to Purchase National Tenant at use of their vehicle. This opportunity offers an investor a corporate guaranteed, single tenant Low Price Point absolute NNN investment that is price below replacement cost and situated along McDowell Road in the city of Phoenix, AZ.

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s). 2012. All rights reserved. Title Max | 3236 E. McDowell Rd. | page 4 tenant overview

The SNYDER/CARLTON Team Colliers NNN Group www.colliersnnn.com lease summary

LEASE SUMMARY Tenant Trade Name Title Max Title Loans Corporate Guarantor TMX Finance LLC Lease Commencement January 1, 2012 Lease Expiration January 31, 2017 Lease Term 5 Years Term Remaining On Lease 3.5 Years Current NOI $57,623.64 Per Year

1 - 5 Y e a r O p t i o n Option Periods 15% Rent Bump Every Option 02/01/2017 $66,249.00

Roof and Structure Tenant Responsible Building Area 5,196 SF Lease Type Single Tenant NNN Lease (Fee Simple) First Right of Refusal No APN 120-19-130

Colliers International | 3 Park Plaza, Suite 1200 | Irvine, CA 92814 | Snyder/Carlton Team Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s). 2012. All rights reserved. Title Max | 3236 E. McDowell Rd. | page 6 HUNDREDS OF CONVENIENT LOCATIONS About TitleMax Car Title Loans TitleMax is one of the nation’s largest and most reputable title lending companies. Since its inception in 1998, TitleMax has expanded to over 1,000 stores spanning 12 states. TitleMax strives to offer some of the lowest interest rates on title loans in the industry, while providing a superior level of customer service.

Why TitleMax? Company Overview TitleMax provides title loans to over 2,000 people every day. They choose TMX Finance LLC, a specialty finance company, engages in the origination TitleMax because: and servicing of automobile title loans in the United States. It also sells * TitleMax offers the most cash – title loans up to $10,000!* insurance products as an agent. The company serves individuals and * TitleMax doesn’t check your credit – you’re approved!** small business owners. As of December 31, 2012, it owned and operated * TitleMax has some of the lowest rates – up to 50% less! a network of 1,035 stores, including 831 TitleMax stores, 151 TitleBucks * TitleMax offers instant approval – get your cash faster! stores, 77 EquityAuto Loan stores, and 53 InstaLoan stores in Georgia, * TitleMax doesn’t require auto insurance – getting cash is easy! Alabama, South Carolina, Tennessee, Missouri, Mississippi, Virginia, Texas, Illinois, Nevada, Arizona, and Florida. The company was formerly With over 1,000 convenient locations, getting cash is easy with TitleMax! known as TitleMax Holdings, LLC and changed its name to TMX Finance The title loan process only takes about 30 minutes. And the best part is LLC in June 2010. TMX Finance LLC was you get to keep driving your vehicle. founded in 1998 and is based in Savannah, Georgia.

www.titlemax.biz Title Max | 3236 E. McDowell Rd. | page 7 financial overview

The SNYDER/CARLTON Team Colliers NNN Group www.colliersnnn.com financial analysis

LEASE LEASE RENT/ TENANT BLDG SF ANNUAL RENT OPTIONS START EXPIRATION SQ. FT.

1- 5 Year Option TitleMax 5,196 1/21/2012 1/31/2017 $11.09 $57,623.64 15% Rent Bump Every Option 02/01/2017 $66,249.00

TOTALS 5,196 SF $57,623.64

PRICING OPERATING EXPENSE DATA Price $799,000 Taxes NNN NOI $57,623.64 Insurance NNN Cap Rate 7.21% CAM NNN Price / PSF $153.77 Total Expenses NNN

The SNYDER/CARLTON Team Colliers NNN Group www.colliersnnn.com property information

Address / Location Zoning 3236 E. McDowell Rd. | Phoenix, AZ 85008 C-C Commercial Market/Submarket Year Built/Renovated Phoenix Built in 1972 Price Renovated in 2012 $799,000 Current NOI $57,623.64 Cap Rate 7.21% Parcel APN#: 120-19-130 Total Land Area Approximately 27,443 SF (.63 Acres) Building Area Approximately 5,196 SF Visibility And Frontage Excellent visibility and frontage along E. McDowell Rd. Access Easy access from E. McDowell Rd. & I-202 Freeway Over 173,688 AADT

37’

N. 33rd Street 41’6” Drive T hru Drive

Existing Pylon Sign for building Car Wash

E. McDowell Road

E. Thomas Rd.

N. 36th St.

N. 32nd St. 32nd N.

6 8

N. 48th St.

N. 44th St.

24th St. 24th

51 E. McDowell Rd. 33,000 CPD McDowell Plaza

202 10

17 N. 40th St. E. Roosevelt St. 3,688 CPD Maricopa Integrated Health System E. Filmore St. 143

E. Washington St.

303

101 Sun City West North W. Bell Rd. 41,000 CPD Scottsdale 17 Moon El Mirage W. Thunderbird Rd.Valley Park 51 E. Cactus Rd. Peoria W. Dunlap Ave. Phoenix Mountains Preserve Glendale Maryvale Municipal

Golf Course N. Scottsdale Rd. Scottsdale N.

176,000 CPD Piestewa Fwy. W. Indian School Rd. Scottsdale 87

E. McDowell Rd. 33,000 CPD Fwy. Pima Tolleson 143

168,918 CPD 168,918 202 Phoenix Tolleson Red Mountain Fwy. Veteran Park 10 Tempe N. 51st Ave. Mesa

The SNYDER/CARLTON Team Colliers NNN Group www.colliersnnn.com location overview

POPULATION 1-MILE 3-MILE 5-MILE

Estimated Population (2013) 26,761 136,046 272,440

Projected Population (2018) 27,479 138,906 278,836

Projected Annual Growth 2013-2018 2.68% 2.10% 2.35%

HOUSEHOLDS 1-MILE 3-MILE 5-MILE

Estimated Households (2013) 8,105 53,599 114,366

Projected Households (2018) 8,448 55,629 119,025

Projected Annual Growth 2013-2018 4.23% 3.79% 4.07%

The subject property is positioned along McDowell Road near the INCOME 1-MILE 3-MILE 5-MILE intersection of West McDowell Road and North 32nd Street in the city Avg. Household Income (2013) $32,515 $41,009 $48,840 of Phoenix, AZ. Surrounding retailers include Burger King, Express Title, Median Household Income (2013) $24,581 $27,819 $30,971 Family Dollar, Subway, O’Reilly Auto Parts, Boost Mobile and H&R Block. The property is situated just north of the Red Mountain Fwy (202) close DAYTIME DEMOS 1-MILE 3-MILE 5-MILE to the Phoenix Central Business District. The trade area holds strong Total # of Businesses (2012) 521 6,118 21,173 demographics, with approximately 136,046 residents within a 3 mile radius and approximately $48,840 in household income within a 5 mile radius. Total # of Employees (2012) 5,468 115,450 382,493

The Average Traffic County at the signalized intersection is 33,000 per Employee Pop. per Business 10.49 18.87 18.06 day. The city of Phoenix is one of the fastest growing regions in the nation, Greater Phoenix has a population of nearly 4.3M residents and enjoys 14 to Residential Pop. per Business 51.36 22.23 12.86 16 million leisure visitors each year.

Colliers International | 3 Park Plaza, Suite 1200 | Irvine, CA 92814 | Snyder/Carlton Team Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s). 2012. All rights reserved. Title Max | 3236 E. McDowell Rd. | page 17 Sixth Largest US City Phoenix is the sixth largest city in the United States with a population of more than 1.5 million residents and an extended metropolitan population of more than 4.4 million residents. Phoenix has an excellent quality of life, with 320 days of sunshine, proximity to skiing, boating, hiking, and a multitude of other outdoor activities. Major professional sports and cultural entertainment venues, affordable housing, and beautiful sunsets and mountains surround Phoenix. Younger than Average Population The median age of the population is 33 years old, younger than the national average, and 28 percent of the total population hold a bachelor’s degree or higher.

Talented Labor Pool The Phoenix area has a talented labor pool fed by over 300,000 current college students. All three Arizona public universities have a presence in Phoenix, nine private academic institutions offering undergraduate and graduate degrees are located in Phoenix, and there are 17 other academic institutions. Relatively Low Cost-of-Living The cost of living and doing business in Phoenix is lower than in many other major metropolitan areas in the United States. Real estate, both residential and commercial, are plentiful and affordable in Phoenix. Businesses located in Phoenix enjoy reasonable operating costs because of our low taxes and affordable labor rates. Phoenix Sky Harbor International Airport Sky Harbor International Airport, owned and operated by the City of Phoenix, is one of the 10 busiest airports in the world for aircraft operations with non-stop flights to every major American city. Strong Presence in Established Industries Phoenix has a strong presence of companies in the aerospace, bioscience, IT, software development, and renewable energy industries. Abundant Energy Supply Arizona has an abundant supply of electricity from various sources, including the largest U.S. nuclear plant, dams, coal and gas burning plants as well as wind and solar plants. Excellent Access and Infrastructure Phoenix is the hub of the rapidly growing Southwest, close to the major markets of Los Angeles, San Diego and Las Vegas. Highways and Railways provide efficient access to major Western US cities and Mexico. The 20-mile light rail line through Central Phoenix , Tempe and Mesa, has been operational for five years and serves over 13 million passengers annually.

Title Max | 3236 E. McDowell Rd. | page 18 regional map

This Offering Memorandum contains select information pertaining to the business and affairs of Title Max, Phoenix, AZ It has been prepared by Colliers International. 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 Colliers International. 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 or 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 from Colliers, 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 Colliers International 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 Title Max, Phoenix, AZ 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 Colliers International 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.

Eric Carlton Jereme Snyder John Sharpe Marcus Muirhead Associate Vice President Executive Vice President Director Associate Vice President The SNYDER/CARLTON Team License No. 01809955 License No. 01360233 License No. 01800769 License No. SA543465000 Colliers NNN Group 3 Park Plaza Ste. 1200 949.724.5561 949.724.5552 949.724.5546 602.222.5176 Irvine, CA 92614 [email protected] [email protected] [email protected] [email protected] www.colliersnnn.com