CIRCLE K & KRYSTAL ABSOLUTE NNN LEASE

1539 SIMPSON US 49 | MAGEE, MS 39111 CIRCLE K & KRYSTAL ABSOLUTE NNN LEASE

1539 SIMPSON US 49 | MAGEE, MS 39111

Offering Memorandum Disclaimer EXCLUSIVELY LISTED BY:

This Confidential Offering Memorandum (“Memorandum”) is being delivered subject to the terms of the Confidentiality Agreement (the “Confidentiality Agreement”) signed by you and constitutes part of the Confidential Information (as defined in the Confidentiality RON DUONG Agreement). It is being given to you for the sole purpose of evaluating the possible investment in the subject property mentioned herein (“the “Project”), and is not to be used for any other purpose or made available to any other party without the prior written Senior Vice President Investments consent of the Seller of Record (“Managing Member”), or its exclusive broker, Marcus & Millichap (“Exclusive Broker”). This Senior Director, National Retail Group Memorandum was prepared by Exclusive Broker based primarily on information supplied by Managing Member. It contains select +1 949 350 5431 information about the Project and the real estate market but does not contain all the information necessary to evaluate the Project. The financial projections contained herein (or in any other Confidential Information) are for general reference only. They are based [email protected] on assumptions relating to the overall economy and local competition, among other factors. Accordingly, actual results may vary Lic. CA 01438643 materially from such projections. Various documents have been summarized herein to facilitate your review; these summaries are not intended to be a comprehensive statement of the terms or a legal analysis of such documents. While the information contained in CRAIG ELSTER this Memorandum and any other Confidential Information is believed to be reliable, neither Exclusive Broker nor Managing Member guarantees its accuracy or completeness. Because of the foregoing and since the investment in the Project is being offered on an “As +1 949 419 3223 Is, Where Is” basis, a prospective investor or other party authorized by the prospective investor to use such material solely to facilitate [email protected] the prospective purchaser’s investigation, must make its independent investigations, projections and conclusions regarding the Lic. CA 01958307 investment in the Project without reliance on this Memorandum or any other Confidential Information. Although additional Confidential Information, which may include engineering, environmental or other reports, may be provided to qualified parties as the marketing period proceeds, prospective purchasers should seek advice from their own attorneys, accountants, engineers and environmental experts. Neither Exclusive Broker nor Managing Member guarantees the accuracy or completeness of the information contained in this Memorandum or any other Confidential Information provided by Exclusive Broker and Managing Member. Managing Member expressly BROKER OF RECORD: reserves the right, at its sole discretion, to reject any offer to invest in the Project or to terminate any negotiations with any party at William M. Davis any time with or without written notice. Managing Member shall have no legal commitment or obligations to any prospective investor unless and until a written sale agreement has been fully executed, delivered and approved by Managing Member and any conditions License: #B-15586 to Managing Member’s obligations thereunder have been satisfied or waived. Managing Member has retained Exclusive Broker as its exclusive broker and will be responsible for any commission due to Exclusive Broker in connection with a transaction relating to the Project pursuant to a separate agreement. Exclusive Broker is not authorized to make any representation or agreement on behalf of Managing Member. Each prospective investor will be responsible for any claims for commissions by any other broker in connection with an investment in the Project if such claims arise from acts of such prospective investor or its broker. This Memorandum is the property of Managing Member and all parties approved by Managing Member and may be used only by parties approved by Managing Member. No portion of this Memorandum may be copied or otherwise reproduced or disclosed to anyone except as permitted under the Confidentiality Agreement.

MARCUS & MILLICHAP / MS MAGEE CIRCLE K & KRYSTAL BURGER OM / 2 EXECUTIVE SUMMARY

Single Tenant Net Leased Gas, C-Store, & Fast Food Investment

Rare Corporate Guaranteed Circle K & Krystal Burger Restaurant

Located at the Corner of a Signalized Intersection with Traffic Counts Exceeding 28,000 Cars Per Day

Tenant Recently Extended their Lease Showing Great Commitment to the Site

Prime Retail Location

f Prime Location on US 49 which Connects Jackson, MS, to Hattiesburg, MS f Located Only 0.5 Miles from the Only Walmart Supercenter Within 40 Miles f Includes an Additional ±0.7 Acre Lot to the West of the Quality Inn that Allows for Semi-Trucks to Park at this Location and Allow for Future Development f Located on Retail Corridor Creating a Great Synergy between other National Brands such as Wendy’s, Popeyes, McAlister’s Deli, McDonald’s, AutoZone, KFC, Walgreens, and Many More

Corporate Guaranteed Lease

f Absolute NNN Lease with Zero Landlord Responsibilities – Ideal for Investors not local to the market f Rare Opportunity to Purchase a Gas Station with an Attached Drive-Thru Restaurant that Creates an Additional Source of Revenue for the Tenant f Proven Location with the Tenant Occupying this Site since 1990 f Circle K has Over 16,000 Locations in All 50 States

MARCUS & MILLICHAP / MS MAGEE CIRCLE K & KRYSTAL BURGER OM / 3 FINANCIAL ANALYSIS

Offering Summary Annualized Operating Data Property Name Circle K Gross Potential Rent $90,000 1539 Simpson US 49 Total Expenses Absolute NNN Property Address Magee, MS 39111 Net Operating Income $90,000 Assessor’s Parcel Number 4183C000070016500101 Year Built 1990 Gross Leasable Area (GLA) ±4,540 Square Feet Lease Information Lot Size ±1.44 Acres (±62,726 Square Feet) Initial Lease Term ±25 Years Lease Commencement Date June 14, 2001 Pricing Lease Expiration Date May 31, 2026 Lease Remaining ±5 Years LIST PRICE Lease Type Absolute NNN Price $1,525,000 Increases 6.5% Every Five Years Cap Rate 5.90% Options Six, Five Year Price Per Square Foot $335.90 Guarantee Corporate Right of First Refusal Yes

MARCUS & MILLICHAP / MS MAGEE CIRCLE K & KRYSTAL BURGER OM / 4 Market Overview - Aerial Photo

US H ±24,000 Cars Per Day ighway 49 Burger King

McDonald’s

Pinola Drive ±5,700 Cars Per Day

Maxem Health Urgent Care SUBJECT PROPERTY SUBJECT PROPERTY SEMI-TRUCK PARKING ±0.7 ACRES (INCLUDED IN SALE) MARKET OVERVIEW

Site Plan

Subject Property ±4,540 SF

Simpson US 49

Drive-Thru LaneDrive-Thru

±24,000 Cars Per Day

4th Avenue SW SW Avenue Avenue 4th 4th Adjacent Property (Hotel) Property Adjacent

Drive-Thru Lane

Note: Site Plan is for representation purposes only and is not to scale.

MARCUS & MILLICHAP / MS MAGEE CIRCLE K & KRYSTAL BURGER OM / 6 MARKET OVERVIEW

Regional Map

Jackson

SUBJECT PROPERTY

Hattiesburg

±24,000 ±47 MILES ±1 MILE ±0.1 MILE CARS PER DAY ON SIMPSON US 49 TO JACKSON-MEDGAR WILEY EVERS TO DOWNTOWN MAGEE TO SIMPSON US 49 ONRAMP HIGHWAY INTERNATIONAL (JAN) AIRPORT

MARCUS & MILLICHAP / MS MAGEE CIRCLE K & KRYSTAL BURGER OM / 7 MARKET OVERVIEW

The City Of Jackson Attractions

Jackson, Mississippi is the most populous city in Mississippi f A city rich with history, Jackson has several museums ready to explore. with a population of 160,000 in 2019. Jackson sits on the Visitors can learn about the Civil Rights movement at the Mississippi Civil Pearl River and is located in the greater Jackson Prairie Rights Museum, or meet over 200 living aquatic species at the Mississippi region of Mississippi. The city was founded and named Museum of Natural Science. The original Jackson Capitol building, built in after General Andrew Jackson in 1821. The city’s slogan 1839, is also open to the public as a museum. is “The City With Soul” and has been home to several prominent musicians. f The Fondren District is Jackson’s art district, full of unique boutiques, cafes, The metropolitan Jackson area is home to about one-fifth of Mississippi’s total and bakeries. Its quirky and eclectic vibe attracts visitors looking to explore population. something new. Book signings, art shows, and food tastings are often hosted in this lively area. Jackson is the only capital city in the United states to sit atop an extinct volcano, the Jackson Volcano, which now sits 2,900 feet underground. As f LeFleur’s Bluff State Park is the perfect place to get outdoors for the whole a result, the city’s water supply has relied on large-scale wells and surface family. With activities like golf, hiking, disc-golf and playgrounds, Lefleur’s water resources. Fortunately, Jackson gets ample rainfall throughout the year, Bluff has something for everyone. Visitors can enjoy a day-trip for a picnic especially in the winter and spring. or pack a tent and stay the night.

Jackson boasts over 300 restaurants, 29 museums and attractions, and year- round events and festivals. Living up to its “City of Soul” legacy, Jackson pulses with live music of all genres from classical to jazz.

MARCUS & MILLICHAP / MS MAGEE CIRCLE K & KRYSTAL BURGER OM / 8 MARKET OVERVIEW

Demographic Summary

Population 1-Mile 3-Miles 5-Miles Income 1-Mile 3-Miles 5-Miles 2025 Population 2,184 6,263 8,960 $ 0 - $ 14,999 26.6% 24.2% 22.6% 2020 Population 2,178 6,255 8,914 $ 15,000 - $24,999 14.4% 14.1% 14.0% 2010 Population 2,274 6,489 9,132 $ 25,000 - $34,999 9.8% 10.7% 11.5% 2000 Population 2,209 6,242 8,977 $ 35,000 - $49,999 12.2% 14.9% 16.5% $ 50,000 - $74,999 19.3% 17.9% 16.9% $ 75,000 - $99,999 9.0% 7.7% 7.8% Households 1-Mile 3-Miles 5-Miles $100,000 - $124,999 3.1% 3.5% 3.9% 2025 Households 885 2,345 3,354 $125,000 - $149,999 1.6% 3.1% 3.2% 2020 Households 888 2,336 3,320 $150,000 - $200,000 1.9% 1.7% 1.4% 2010 Households 919 2,397 3,364 $200,000 to $249,999 0.8% 0.9% 1.0% 2000 Households 921 2,360 3,301 $250,000 + 1.3% 1.4% 1.3% 2025 Owner Occupied Housing 47.5% 61.3% 67.2% Median Household Income $33,321 $35,981 $36,882 2025 Rent Occupied Housing 52.5% 38.7% 32.8% Average Household Income $49,012 $50,811 $51,171 2020 Owner Occupied Housing 47.3% 61.1% 67.1% 2020 Renter Occupied Housing 52.7% 38.9% 32.9% 2010 Owner Occupied Housing 45.8% 60.3% 66.5% 2010 Renter Occupied Housing 54.2% 39.7% 33.5% 2000 Owner Occupied Housing 48.6% 61.2% 65.9% 2000 Renter Occupied Housing 41.4% 29.5% 24.9%

MARCUS & MILLICHAP / MS MAGEE CIRCLE K & KRYSTAL BURGER OM / 9 CIRCLE K & KRYSTAL ABSOLUTE NNN LEASE

1539 SIMPSON US 49 | MAGEE, MS 39111

EXCLUSIVELY LISTED BY:

RON DUONG Senior Vice President Investments Senior Director, National Retail Group +1 949 350 5431 [email protected] Lic. CA 01438643

CRAIG ELSTER +1 949 419 3223 [email protected] Lic. CA 01958307

BROKER OF RECORD: William M. Davis License: #B-15586

Marcus & Millichap / 19800 MacArthur Boulevard, Suite 150, Irvine, CA 92612

©2020 Marcus & Millichap. All rights reserved. The material in this presentation has been prepared solely for information purposes, and is strictly confidential. Any disclosure, use, copying or circulation of this presentation (or the information contained within it) is strictly prohibited, unless you have obtained Marcus & Millichap’s prior written consent. The views expressed in this presentation are the views of the author and do not necessarily reflect the views of Marcus & Millichap. Neither this presentation nor any part of it shall form the basis of, or be relied upon in connection with any offer, or act as an inducement to enter into any contract or commitment whatsoever. NO REPRESENTATION OR WARRANTY IS GIVEN, EXPRESS OR IMPLIED, AS TO THE ACCURACY OF THE IN- FORMATION CONTAINED WITHIN THIS PRESENTATION, AND MARCUS & MILLICHAP IS UNDER NO OBLIGATION TO SUBSEQUENTLY CORRECT IT IN THE EVENT OF ERRORS.