7-ELEVEN 689 E 14 Mile Rd CLAWSON, MI 48017 TABLE of CONTENTS

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7-ELEVEN 689 E 14 Mile Rd CLAWSON, MI 48017 TABLE of CONTENTS CLAWSON | MI ™ OFFERING MEMORANDUM 7-ELEVEN 689 E 14 Mile Rd CLAWSON, MI 48017 TABLE OF CONTENTS 03 EXECUTIVE OVERVIEW 04 FINANCIAL OVERVIEW 05 PROPERTY OVERVIEW 08 AREA OVERVIEW LISTED BY JOSH BISHOP CHAD KURZ CALVIN SHORT VP & DIRECTOR svp & national director svp & senior director LIC # 01911198 (CA) LIC # 01927216 (CA) DIRECT (214) 692-2289 MOBILE (315) 730-6228 ARON CLINE BROKER OF RECORD [email protected] svp & senior director kyle matthews LIC # 6505399495 (mi) LIC # 688810 (TX) LIC # 01904371 (CA) | 2 ExecutiveFort Myers Overview | FL Investment Highlights » Clawson named #8 of the 50 safest cities in Michigan » NNN Lease with Rent Growth - an 8% Increase in 2020 provides a great hedge against inflation » Investment Grade S&P Rated “AA-” - Corporate Guarantee » High-Quality Brick Construction 7-Eleven Built to Suit » Signalized Corner - 40,000 VPD » 3-Mile Population exceeds 105,000 » 1-Mile Average Household Income - $77,000 » Daily Commute Route - In close proximity to William Beaumont Hospital that has over 7,000 employees 3 | FINANCIALFort Myers Overview | FL Annualized Operating Data Monthly Rent Annual Rent RPSF Cap Rate 03/30/2014 - 03/31/2019 $6,667 $80,004.00 $26.58 5.13% 04/1/2019 - 06/1/2024 $7,200.00 $86,400.00 $28.70 5.54% Option 1 $7,776.00 $93,312.00 $31.00 5.98% Option 2 $8,398.08 $100,776.96 $33.48 6.46% Tenant Summary Investment Summary Tenant Trade Name 7-Eleven Type of Ownership Fee Simple » LIST PRICE $1,560,000 Lease Guarantor Corporate Guarantee Lease Type NNN » NOI (YEAR 1) $80,004 Roof and Structure Tenant Responsibility Original Lease Term 10 Years » CAP RATE (YEAR 1) 5.13% Rent Commencement Date 3/30/2013 » TOTAL BUILDING AREA ± 3,010 SF Lease Expiration Date 6/30/2024 Term Remaining on Lease ±5 Years » TOTAL LAND AREA ± 0.28 Acres Rental escalations - 8.00% increases in Increase each option Options Two, 5-Year Options | 4 PROPERTYFort Myers Overview | FL The Offering Tenant Overview PROPERTY NAME 7-Eleven » Company Name » Year Founded » Headquarters Property Address 689 E 14 Mile Rd 7-Eleven 1927 Irving, TX Clawson, MI 48017 » Ownership » Industry » Website SITE DESCRIPTION Private Convenience Store www.7-eleven.com Number of Stories One 7-Eleven is the world’s largest convenience store chain operating, franchising and licensing more than 70,000 stores in 18 2013 Year Built countries and is also one of the nation’s largest independent gasoline retailers. As the pioneer of the convenience store GLA ±3,010 SF concept, 7-Eleven strives to meet the needs of convenience-oriented guests by providing a broad selection of fresh, high- quality products and services at everyday fair prices, speedy transactions and a clean, friendly shopping environment. Each Lot Size ±0.28AC (12,197 SF) store maintains a selection of approximately 2,500 different products and services tailored to meet the needs and Type of Ownership Fee Simple preferences of its local clientele. Landscaping Professional Topography Generally Level #1 TOP C-STORE #3 Entrepreneur’s Forbes’ Top 20 Franchises Magazine Top Global Team Members to Start Franchises List 5 | SURROUNDINGCLAWSON | MI TENANTS E 14 MILE RD ±26,000 ADT | 6 LOCALCLAWSON | MI MAP Subject Property 7 | Area OverviewCLAWSON | MI CLAWSON, MI Clawson is a city in Oakland County and part of the Detroit metropolitan area. The City of Clawson is best described as a community of neighbors that offers a friendly, small-town atmosphere where all amenities are within walking distance in a 2.2-square-mile community. Residents work together to make Clawson a desirable place to live, work and raise a family. Visitors are drawn to Clawson’s signature events including weekly, seasonal outdoor Farmers Market through the summer and an indoor Market during the winter; an acclaimed Fourth of July celebration; Fall Festival; Lion’s Club Car Show; Cinema in the Street and many more. The city’s annual traditions and many programs help enrich daily living that contributes to the appeal of Clawson being a destination for entertainment and fun. 16 Miles Demographics POPULATION 1 - MILE 3 - MILE 5 - MILE 2023 Projection 12,462 106,853 317,965 2018 Estimate 12,345 105,295 313,751 2010 Census 12,153 100,853 304,816 HOUSEHOLDS 1 - MILE 3 - MILE 5 - MILE 2023 Projection 5,668 48,376 134,085 2018 Estimate 5,617 47,682 132,329 2010 Census 5,553 45,782 128,691 INCOME 1 - MILE 3 - MILE 5 - MILE 2018 Est. Average $77,547 $82,777 $90,941 Household Income | 8 CLAWSON | MI DETROIT, MI Detroit is the most populated city in the state of Michigan. The metropolitan area, Metro Detroit, is home to 4.3 million people, making it the second-largest msa in the Midwest. Detroit is a major port on the Detroit River, and is one of the major straits that connect the Great Lakes system to the Saint Lawrence Seaway. The Detroit area is one-of-a-kind and known for its food, entertainment, and dedicated residents. The downtown area has been growing substantially in the last decade and has been attracting many new residents the fun night life and low cost of living. 9 | 7-Eleven ECONOMY About 80,500 people work in downtown Detroit, comprising one-fifth of the city’s employment base. Aside from the numerous Detroit-based companies listed above, downtown contains large offices for Comerica, Chrysler, HP Enterprise, Deloitte, Pricewaterhouse Coopers, KPMG, and Ernst & Young. Ford Motor Company is located in the adjacent city of Dearborn. Thousands more employees work in Midtown, north of the central business district. Midtown’s anchors are the city’s largest single employer Detroit Medical Center, Wayne State University, and the Henry Ford Health System in New Center. Midtown is also home to watchmaker Shinola and an array of small and startup companies. New Center bases TechTown, a research and business incubator hub that is part of the WSU system. Like downtown and Corktown, Midtown also has a fast-growing retailing and restaurant scene. A number of the city’s downtown employers are relatively new, as there has been a marked trend of companies moving from satellite suburbs around Metropolitan Detroit into the downtown core. Compuware completed its world headquarters in downtown in 2003. OnStar, Blue Cross Blue Shield, and HP Enterprise Services are located at the Renaissance Center. Pricewaterhouse Coopers Plaza offices are adjacent to Ford Field, and Ernst & Young completed its office building at One Kennedy Square in 2006. Perhaps most prominently, in 2010, Quicken Loans, one of the largest mortgage lenders, relocated its world headquarters and 4,000 employees to downtown Detroit, consolidating its suburban offices. In July 2012, the U.S. Patent and Trademark Office opened its Elijah J. McCoy Satellite Office in the Rivertown/Warehouse District as its first location outside Washington, D.C.’s metropolitan area. | 10 CLAWSON | MI Sports The Detroit Lions and Detroit Tigers are the two professional teams in the city. The Lions are a professional NFL team that play at the Ford Field in Downtown Detroit. They have won four NFL championships and have created a large fan base. The Tigers are a professional baseball team that play at the Comerica Park. They have won four World Series and play in the American League. Ford Piquette Plant Detroit Institute of Arts Detroit is known for being the birthplace of The Detroit Institute of Arts is located the assembly line, specifically when building in Midtown and has one of the largest the first Ford Model T car. Take a trip to the and most significant art collections in the past and see where it all started at the Ford nation. There are over 100 galleries that Piquette Plant. It is recognized as one of the covers 658,000 square feet. The institute is most significant automotive heritage sites considered one of the top six museums in in the world. A nonprofit saved the building the United States. The collection spans the from being demolished in 2000 and now globe from ancient Egyptian and European gives tours of the plant. works to contemporary art. 11 | CLAWSON | MI Confidentiality Agreement & Disclaimer This Offering Memorandum contains select information pertaining to the business and affairs 7-Elevenof located at 689 E 14 Mile Rd Clawson, MI (“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.
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