TD Bank (S&P AA-) | 55 Boston Post Road, Darien, CT OFFERING MEMORANDUM 2

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All materials and information received or derived from B Plus E LLC, its directors, officers, agents, advisors, affiliates and/ Scott Scurich or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, 415.302.6498 condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or [email protected] suitability, financial performance of the property, projected financial performance of the property for any party’s intended NY: 10301210508 use or any and all other matters.

Camille Renshaw Neither B Plus E LLC., its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and 646.701.4536 information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s [email protected] active conduct of its own due diligence to determine these and other matters of significance to such party. B Plus E LLC CT: REB.0790909 will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. B Plus E LLC makes no warranties and/ or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. B Plus E LLC does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property.

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Brokers + Engineers is pleased to offer to qualified investors the opportunity to own a top-rated retail bank totaling +/- 4,380 SF located at 55 Boston Post Road in Darien, CT (the “Property,”“Subject Property”). The Property is occupied by TD Bank (NYSE: TD) and subject to a long-term Absolute NNN lease.

INVESTMENT HIGHLIGHTS Asking Price Lease Structure • TD BANK CORPORATE GUARANTEE (S&P AA-) $7,700,000 Absolute NNN

• ADJACENT TO PRICELINE.COM HEADQUARTERS Cap Rate Ownership Interest • AFFLUENT DEMOGRAPHICS - OVER $200K MEDIAN INCOME 5.10% Fee Simple

• STRONG BANK DEPOSITS - $125M TOP 40% OF ALL DARIEN BANKS NOI Rent Escalations • LOCATED IN A BUSY RETAIL CORRIDOR - DIRECTLY OFF I-95 $392,645* 10% Every Five (5) Years

• NEARBY TENANTS INCLUDE COSTCO, WALMART, THE HOME DEPOT, Tenant Remaining Term DICK’S SPORTING GOODS, KOHL’S, AND BEST BUY TD Bank +/- Seven and a Half (7.5) Years *NOI is based on 2020 rent escalation, seller will credit rent difference between current and 2020 rent at closing.

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Lease Abstract Property Overview

Tenant Lease Commencement Address Year Built/Renovated TD Bank 12/28/2005 55 Boston Post Road, 1977/2006 Darien, CT Guarantor Lease Expiration Property Type TD Bank, N.A. 12/27/2025 Land Area Retail Bank +/- 1.38 Acres Rent Remaining Terms $392,645 +/- Seven and half (7.5) years Building SF +/- 4,380 SF Renewal Options Four (4), five (5) year options

Effective Dates Annual Rent Monthly Rent Percentage Increase

12/28/2015 – 12/27/2020 $356,950 $29,745 10%

12/28/2020 – 12/27/2025 $392,645 $32,720 10%

Option 12/28/2025 – 12/27/2030 $431,909 $35,992 10%

Option 12/28/2030 – 12/27/2034 $475,100 $39,591 10%

Option 12/28/2035 – 12/27/2039 $522,610 $43,550 10%

Option 12/28/2040 – 12/27/2044 $574,871 $47,905 10%

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Tenant Overview TD Bank (NYSE: TD) America’s Most Convenient Bank® is one of the 10 largest banks in the U.S., with Tenant Name approximately 26,000 employees and deep roots in TD Bank the community dating back more than 150 years. The Bank offers a broad array of retail, small business Parent Company and commercial banking products and services to Toronto-Dominion Bank more than 9 million customers through its extensive network of approximately 1,300 convenient locations Guarantor throughout the Northeast, Mid-Atlantic, Metro D.C., TD Bank, N.A the Carolinas and Florida.

Number of Locations In addition to banking products, TD Bank and 1,301 its subsidiaries offer customized private banking and wealth management services through TD Wealth® Total Revenue and vehicle financing and dealer commercial services $29.9 billion through TD Auto Finance.

Net Income TD Bank is a member of TD Bank Group and $2.5 billion a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company Net Worth in North America. The Toronto-Dominion Bank $3.9 billion trades on the New York and Toronto stock exchanges under the ticker symbol “TD”. Stock Ticker NYSE: TD

Market Cap $106.42 billion

Headquarters Toronto, Ontario, CA

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Median Household Income: $208,906

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BOWLMOR LANES

PIER 1

Median Household Income: $208,906

PRICELINE.COM HQ

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Demographic Data 1 Mile 3 Miles 5 Miles Darien is a town in Fairfield County, Connecticut, United States. Located on Connecticut’s “Gold Coast,” the population TOTAL HOUSEHOLDS 2,359 27,350 62,696 was 20,732 at the 2010 census.[Darien is one of the wealthiest communities in the U.S.; it was listed at #2 on CNN Money’s TOTAL POPULATION 6,395 70,767 158,939 list of “top-earning towns” in the United States as of 2010.[3] POPULATION WHITE 5,692 52,826 122,488 Situated just off of I-95 between the cities of Norwalk and POPULATION BLACK 242 9,204 17,265 Stamford, houses two Metro-North railroad stations – POPULATION HISPANIC 778 14,092 26,693 Noroton Heights and Darien – which link the town to Grand Central Terminal and the rest of the New Haven Line. For POPULATION ASIAN 194 3,081 6,914 recreation, the town includes four small parks, two public POPULATION PACIFIC ISLANDER 8 30 68 beaches on Long Island Sound, four country clubs, a hunt club, and two yacht clubs. POPULATION AMERICAN INDIAN 0 216 252

POPULATION OTHER 137 4,192 9,479 Darien, CT is a growing, upper-middle class community with population of 21,392 and a median age of 38.7, the median PERSONS PER HOUSEHOLD 2.7 2.6 2.5 household income being $208,906. Additionally, there were 8,680 residents in Darien, CT with jobs in 2015, which is a AVERAGE HOUSEHOLD INCOME $184,748 $135.924 $134,370 4.31% growth from the previous year. AVERAGE HOUSE VALUE $719,769 $699,762 $667,286

AVERAGE AGE 40.5 38.3 39.1

AVERAGE AGE MALE 35.6 37 37.7

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