Brand New Build to Suit 7-Eleven Absolute NNN Lease with 10% Rent Bumps Every 5-Years Eligible for Accelerated Depreciation $7,181,000 | 4.70% CAP Located Less than 50 Miles from Downtown Washington DC Large Site - Over 2.03 Acres 45955 North Run Drive, Lexington Park, MD (Washington, DC) 20653 INTRO

7-Eleven, Inc., the Irving, Texas-based C-Store chain, operates, franchises and/or licenses almost 70,000 stores in 17 countries, including more than 12,000 locations in North America, making it the largest retailer in the world.

2 SECURE NET LEASE OVERVIEW INVESTMENT OVERVIEW 7-ELEVEN LEXINGTON PARK, MD $7,181,000 4.70% CAP

NOI Strategically Located at the Intersection of Chancellors Mill Run (29,982 VPD) and Great Mills Rd. (37,492 $337,497 VPD).

Building Area Brand new build-to-suit with 7-Eleven, Inc. 7-Eleven (S&P rated AA-) operates more than 11,800 company-owned, ±4,050 SF or franchised convenience stores in North America. Globally, 7-Eleven licenses more than 69,000 stores in over 18 countries. Land Area

±2.03 AC Absolute NNN Lease, with 10% rental increases every 5-years, making it an excellent passive investment that will hedge against inflation. Year Built

2021 The Subject Property is Located Across from Great Mills High School (1,650 students), and near many other large schools. Washington Carver Elementary Lease Type School, Lexington Park Elementary School, Fairfield Academy, and Chesapeake Public Charter School. Absolute NNN CONTACT FOR DETAILS Located only 4 miles from Patuxent River Air Station with over 10,000 active duty personnel and federal Russell Smith Bob Moorhead Occupancy employees. Vice President Managing Partner (214) 915-8890 (214) 522-7200 100% [email protected] [email protected] California-Lexington Park is the wealthiest metro area in .

BROKER OF RECORD Marcus Bourn 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 Newmark Knight Frank accuracy of the information. Buyer must verify the information and bears all risk Washington, DC for any inaccuracies. (202) 725-0235 OVERVIEW TENANT OVERVIEW 7-ELEVEN LEXINGTON PARK, MD 7-Eleven Lesse: 7-Eleven, Inc.

REVENUE 7-Eleven is now part of an international chain of convenience $5.1 B stores, operating under Seven-Eleven Japan Co., Ltd., and surpassed McDonald’s in 2007 as the world’s largest retailer. CREDIT RATING AA- 7-Eleven is also one of the nation's largest independent gasoline retailers. The company's largest markets are in the United States, Canada, the STOCK TICKER Philippines, Hong Kong, Taiwan, Malaysia and Thailand. SVNDF 7-Eleven Accolades include: Ranked #1 on Entrepreneur magazine’s Top Global TOTAL LOCATIONS Franchises List; #1 spot on Entrepreneur magazine’s Franchise 500’s Top 10 Most 70,000 Popular Retail Companies, and #2 in Forbes magazine’s Top 20 Franchises to Start; No. 2 on FranchiseRanking.com for Best Convenience Store Franchise Company USA, and among GI jobs magazine’s Top 100 Military Friendly Employers.

7-eleven.com

4 SECURE NET LEASE FEATURE IN THE NEWS 7-ELEVEN LEXINGTON PARK, MD 7-Eleven seeking 20,000 workers 7-Eleven plays host to entrepreneurs' across US locations, adding to 50,000 exclusive snacks, drinks already hired since March SEPTEMBER 1, 2020 (RETAIL CUSTOMER EXPERIENCE)

DANIELLA GENOVESE, SEPTEMBER 21, 2020 (FOX BUSINESS) Convenience retailer 7-Eleven is once again supporting innovative products with its second Sips & Snacks initiative. 7-Eleven is seeking to hire an additional 20,000 employees nationwide as it looks to meet continued demand for its products This year's program will stock 200 California stores with 84 exclusive amid the COVID-19 pandemic. items from 25 up-and-coming brands, according to a press release. The stores participating in Sips & Snacks 2.0 are located in Los The new hires, which will fill positions across more than 9,000 U.S. Angeles and San Diego. stores, will also help with orders through the company's 7NOW delivery app, which has seen an uptick in orders since the pandemic hit the country earlier this month, the company announced Monday. "7-Eleven's Sips & Snacks initiative offers small businesses a rare opportunity to reach thousands — and potentially millions In hiring 20,000 more employees, 7-Eleven CEO Joe DePinto — of customers with their most innovative products. says the company will be able to "continue to fulfill our mission to give customers what they want, when and where they want it, whether in stores or at home." "This selection of sips and snacks are ones that a 7-Eleven customer might not expect to find at one of our stores," 7-Eleven Senior Vice President, Merchandising and Demand Chain Jack Stout said in the release. "7-Eleven's Sips & Snacks initiative offers small businesses a rare opportunity to reach 7-Eleven was classified as an essential retailer, meaning its convenience retail thousands — and potentially millions — of customers with their most innovative stores remained open since March although it quickly enhanced its cleaning products. We are excited to help boost emerging brands' growth, development procedures and added extra safety protocols to protect employees and and success by giving them the chance to test their products in a real retail customers. environment." Since then, the company -- including its independent 7-Eleven franchise owners -- has hired more than 50,000 workers to assist in its operations during the The products will also be available for purchase on the 7NOW delivery app for course of the pandemic. customers located in the Los Angeles and San Diego areas. In hiring 20,000 more employees, 7-Eleven CEO Joe DePinto says the company More than 750 companies applied to be invited to present their brand at the will be able to "continue to fulfill our mission to give customers what they want, company's second annual emerging brands showcase, and 65 were invited to when and where they want it, whether in stores or at home." participate in the two-day "show and taste" expo, according to the release.

EXPLORE ARTICLE EXPLORE ARTICLE

5 SECURE NET LEASE OVERVIEW LEASE OVERVIEW 7-ELEVEN LEXINGTON PARK, MD

Initial Lease Term 15-Years

Rent Commencement August 2021

Lease Expiration August 2036

Lease Type Absolute NNN

Rent Increases 10% Every 5-Years

Annual Rent Years 1-5 $337,497

Annual Rent Years 6-10 $371,247

Annual Rent Years 11-15 $408,371

Option 1 $449,208

Option 2 $494,208

Option 3 $543,542

Option 4 $597,896

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. Buyer must verify the information and bears all risk for any inaccuracies.

6 SECURE NET LEASE SUBJECT 45955PROPERTY E. RUN DR.

7 SECURE NET LEASE OVERVIEW SITE OVERVIEW 7-ELEVEN LEXINGTON PARK, MD

Year Built 2021

Building Area ±4,050 SF

Land Area ±2.03 AC

NEIGHBORING RETAILERS

• Shell

• Citgo

• Pizza Hut

• Weis Markets

• Dollar General

• U-Haul

• Autozone Auto Parts

• Big Lots

• Aaron’s

• Advance Auto Parts

8 SECURE NET LEASE OVERVIEW LOCATION OVERVIEW 7-ELEVEN LEXINGTON PARK, MD

Demographics 1 Mile 3 Mile 5 Mile

Population 5,899 27,626 46,215

Households 2,289 10,901 18,470

Average Household Income US$88,245 US$95,926 US$104,559

Total Household Expenditure $149.05 MM $748.36 MM $1.35 B

ECONOMIC DRIVERS (NUMBER OF EMPLOYEES)

1. U.S. Navy (11,725) 7. HMR of Maryland-Charlotte Hall (440) 13. Lockheed Martin (315)

2. MedStar St. Mary's Hospital (1,200) 8. Booz Allen Hamilton (400) 14. Boeing (280)

3. DynCorp International (985) 9. PAE Applied Technologies (395) 15. McKay's Food and Drug (275)

4. Wyle (910) 10. Northrop Grumman (380)

5. BAE Systems (580) 11. General Dynamics (350)

6. St. Mary's College of MD (460) 12. J.F. Taylor (335)

9 SECURE NET LEASE OVERVIEW LOCATION OVERVIEW 7-ELEVEN LEXINGTON PARK, MD

Lexington Park Maryland

11,082 $74,598 Population Median Household Income

Lexington Park has a large military population, and the area's booming Lexington Park was ranked Lexington Park is also well-served by the St. Mary's City technology and aerospace sectors also attract people from around the country. the healthiest place to live Transit System, which has 10 separate routes passing through On any given day, you'll find the people of Lexington Park, working, running in Maryland by 24/7 Tempo town. errands on Three Notch Road and Great Mills Road, or kicking back at beautiful Elms Beach Park. For activities with a bit more historic flare, there's the Patuxent 24/7 The result is a dynamic, diverse, and rapidly growing population. River Naval Air Museum; the Mattapany-Sewall archaeological site, which offers an interesting glimpse at the 17th-century arsenal; and nearby Historic St Mary's City, a careful recreation of Maryland's first settlement. Residents of Lexington Lexington Park has a large military population, and the area's booming St. Mary's is the 3rd Park tend to work either in the town itself or in nearby towns such as St. Mary's technology and aerospace sectors also attract people from around the Fastest Growing City, California, and Leonardtown, and getting around is relatively easy. The County in Maryland. country. main thoroughfares are Great Mills Road and Three Notch Road, which merges with to take you directly to Washington, D.C., just 60 miles away. 3rd Lexington Park is located where the Patuxent River meets the , 62 miles south of Washington, D.C., and it is home to the Patuxent Naval Air Station, where astronauts John Glenn and Alan Shepard trained.

10 SECURE NET LEASE FEATURE IN THE NEWS 7-ELEVEN LEXINGTON PARK, MD

Why Lexington Park And St. Mary’s 25 Richest Cities in America County? SAMUEL STEBBINS, MICHAEL B. SAUTER, JANUARY 11, 2020 (24/7 WALL)

(ST. MARY’S COUNTY) Most wealthy metro areas are home to a relatively large share of college educated residents, but not California-Lexington Park. St. Mary’s County is home to Naval Air Station Patuxent River, where $40 billion of Navy procurement, research, development, Just 26.1% of area adults have a bachelor’s degree, below both the test and evaluation takes place every year. 31.3% college attainment rate nationwide and the 39.3% rate statewide.

St. Mary’s County, Maryland offers coastal, country living in a high-tech world. With the most coastline of any county in Maryland and tobacco California-Lexington Park is the wealthiest metro area in the barns peppering the landscape, you can experience beautiful, bucolic wealthiest state. landscapes and perfectly prepared raw oysters.

The typical metro area household earns $78,195 per year, in line with the The County and community are pushing to better attract and $78,945 statewide median income — both of which are well above the national retain a young, talented and diverse workforce to support the median household income of $57,617. growing and diversifying economy

That brings a substantial base of highly-skilled engineers, lawyers, and other business professionals, as well as advanced manufacturing trades. EXPLORE ARTICLE St. Mary’s is dedicated to growing its targeted industries: unmanned and autonomous systems, aviation and aircraft modification, advanced manufacturing, tourism, and aquaculture and agriculture. The County and community are pushing to better attract and retain a young, talented and diverse workforce to support the growing and diversifying economy. This will happen by expanding the variety of housing options and accelerating the development of gathering places and walkable, denser arts and entertainment districts.

EXPLORE ARTICLE

11 SECURE NET LEASE MAP CALIFORNIA-LEXINGTON PARK 7-ELEVEN LEXINGTON PARK, MD

SUBJECT 45955PROPERTY E. RUN DR.

12 SECURE NET LEASE CALL FOR ADDITIONAL INFORMATION Dallas Los Angeles Office Office

10000 N Central Expressway 123 Nevada Street Suite 200 El Segundo, CA 90245 Dallas, TX 75231 (424) 224-6430 (214) 522-7200

CALL FOR ADDITIONAL INFORMATION

Russell Smith Vice President (214) 915-8890 [email protected]

Bob Moorhead Managin Partner (214) 522-7200 [email protected]

13 SECURE NET LEASE