Fleetpride 134 E Woodland Ave | Youngstown, OH

OFFERING MEMORANDUM ™

134 E Woodland Ave | Youngstown, OH FleetPride, Albuquerque, NM | 1 ™

exclusively listed by KYLER BEAN Chad Kurz

Senior Associate - Industrial SVP & National Director STNL Laurence Bergman Broker of Record [email protected] [email protected] Lic # 000348029 (OH) DIR (214) 692-2192 DIR (214) 692-2927 MOB (325) 227-0893 MOB (562) 480-2937 2 | OfferingLIC # 646910 (TX) MemorandumLIC # 01911198 (CA)

Investment Highlights

• 18,089 SF Distribution Warehouse

• Strategic Location - FleetPride just acquired this location, taking over Ohio Diesel Fleet Supply, giving FleetPride four Ohio locations, joining Toledo, Cincinnati, and Cleveland

• Low Rent - FleetPride is only paying $3.32 / SF at this site, well below their average rent / SF nation-wide

• National Tenant - With 270+ locations across 46 states, FleetPride has been growing rapidly since their formation in 1999

• Price / SF of $35.10 at list price, below replacement cost for the area

FleetPride, Albuquerque, NM | 3 Financial Overview

4 | Offering Memorandum Address 134 E Woodland Ave Youngstown, OH

List Price Annualized Operating Data $635,000 Landlord Term Monthly Rent Annual NOI Rent PSF Cap Rate Insurance Current - 5/31/2025 $5,000 $2,000 $58,000 $3.21 9.13% Option 1 (5 Years) $5,500. $2,200 $63,800 $3.53 10.05% CAp Rate 9.13%

Tenant Summary

Tenant Trade Name FleetPride GLA Type of Ownership Fee Simple ± 18,089 SF

Lease Guarantor Corporate

Lease Type NN Roof and Structure Landlord Responsibility Lot Size Original Lease Term 7 Years ± 0.69 AC

Rent Commencement Date 5/14/2018

Lease Expiration Date 5/31/2025

Term Remaining on Lease ±6 Years Year Renovated 2018 Increases 10% Increases Every 5 Years in Options

Options One 5-Year Option

FleetPride, Youngstown, OH | 5 Tenant Overview

6 | Offering Memorandum The Heavy Duty Experts Formed in 1999, FleetPride is the largest distributor of truck and trailer parts in the independent heavy-duty aftermarket channel. FleetPride operates over 270 locations in 45 states and carries over 400 nationally-recognized brands. In addition, FleetPride offers in- house remanufactured products such as brake shoes and driveline components. Truck and trailer repair services are also offered at a Parent Corporation number of locations under the FleetCare brand. TPG National Footprint. Local Expertise. Operating through five regional distribution centers, FleetPride serves a diverse customer base across multiple industries, including freight and shipping, leasing services, agriculture, food and beverage, Headquarters construction and waste management. Our supply chain expertise Irving, TX ensures that customers get what they need, when and where they need it. Our local knowledge allows us to tailor products and services for area customers, while our national footprint allows for consistent, reliable service at every branch location. No. of Locations TPG – Corporate Backing ± 270 TPG is a leading global private investment firm founded in 1992 with $51.5 billion of assets under management and offices in San Francisco, Fort Worth, Austin, Beijing, Chongqing, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, Paris, Sao Paulo, Shanghai, Singapore and Tokyo. TPG has extensive experience with Year Founded global public and private investments executed through leveraged 1992 buyouts, recapitalizations, spinouts, growth investments, joint ventures, and restructurings. The firm has a strong presence in the industrial, manufacturing and retail sectors. Significant investments have included American Tire Distributors, Armstrong World Industries, Burger King, China Grand Auto, Ducati, Graphic Packaging, Grohe, J. Crew, Lenta, Neiman Marcus, Nexeo Solutions, Petco, and Savers. For more information visit www.tpg.com. FleetPride, Youngstown, OH | 7 FleetPride, Albuquerque, NM | 7 The Offering

GLA ± 18,089 SF

Lot Size ± 0.69 AC

Year Built Renovated 2018

8 | Offering Memorandum SuRROUNDING TENANTS

DOWNTOWN YOUNGSTOWN, OH

Seats 5,900 People

Year Built Renovated 2018

FleetPride, Youngstown, OH | 9 10 | Offering Memorandum Area Overview Youngstown, OH

Youngstown is a city in Ohio and the county seat of Mahoning County, with small portions extending into Trumbull County.

±70 MILES Youngstown is located on the Mahoning River, approximately 65 miles southeast of Cleveland and 61 miles northwest of Pittsburgh. Despite having its own media market, Youngstown is often included in commercial and cultural depictions of both Northeast Ohio as well as the Greater Pittsburgh Region due to these proximities. Youngstown is also the midway between New York City and Chicago via Interstate 80.

±60 MILES

demographics

POPULATION 3 Mile 5 Mile 10 Mile 2010 Census 63,661 151,187 281,971 2019 Estimate 58,650 141,974 268,877 2024 Projection 57,286 139,236 264,905 HOUSEHOLDS 3 Mile 5 Mile 10 Mile 2010 Census 25,335 63,286 117,889 2019 Estimate 23,518 60,471 114,497 2024 Projection 23,003 59,620 113,467 INCOME 3 Mile 5 Mile 10 Mile 2019 Est. Average $39,042 $50,475 $62,816 Household Income

FleetPride,FleetPride, Albuquerque, Youngstown, NM OH | |11 11 PITTSBURGH, PA

Pittsburgh is in the Commonwealth of Pennsylvania, and is the county seat of Allegheny County. The city has a population of about 302,407, making it the 65th-largest city in the U.S. The metropolitan population of 2,324,743 is the largest in both the Ohio Valley and Appalachia, the second-largest in Pennsylvania, and the 27th-largest in the U.S. Pittsburgh is known both as “the Steel City” for its more than 300 steel-related businesses and as the “City of Bridges” for its 446 bridges.

Google, Apple Inc., Bosch, Facebook, Uber, Nokia, Autodesk, Microsoft and IBM are among 1,600 technology firms generating $20.7 billion in annual Pittsburgh payrolls. The area has served as the long-time federal agency headquarters for cyber defense, software engineering, robotics, energy research and the nuclear navy. The area is home to 68 colleges and universities, including research and development leaders Carnegie Mellon University and the University of Pittsburgh. The nation’s eighth-largest bank, eight Fortune 500 companies, and six of the top 300 U.S. law firms make their global headquarters in the area, while RAND, BNY Mellon, Nova, FedEx, Bayer and NIOSH have regional bases that helped Pittsburgh become the sixth-best area for U.S. job growth.

In 2015, Pittsburgh was listed among the “eleven most livable cities in the world”. The Economist’s Global Liveability Ranking placed Pittsburgh as the first- or second- most livable city in the United States in 2005, 2009, 2011, 2012 and 2014. The region is a hub for Leadership in Energy and Environmental Design and energy extraction.

12 | Offering Memorandum Cleveland, OH

Cleveland is based on the southern shore of Lake Erie near the mouth of the Cuyahoga River. It is 90 miles west of the Pennsylvania border and the county seat of Cuyahoga County. Considered part of the “Great Lakes Region”, Cleveland has access to major waterways, namely the Ohio and Erie Canals. The city’s geographic location has been instrumental to its growth and establishment as an important business center. Consequently, the steel and manufacturing industries emerged as leading sectors of Cleveland’s economy. Through the promotion of the technology sector, city leaders have propagated the diversification of the economy. The new economic powerhouses include health care and academics, with major hospital systems, universities and related businesses. Cleveland’s largest employer is the Cleveland Clinic, which carries the distinction of being among America’s best hospitals. Combining its strengths in technology and health care, Cleveland is also growing its biotech and medical research industries. The Greater Cleveland area, Cleveland’s metropolitan area, had a GDP of $134.4 billion in 2011, which ranked it 57th among countries. Nearly 2.1 million people inhabit Greater Cleveland. Many people are drawn to the area for work, the relatively low cost of living and the quality of life. More than 37% of Fortune 500 companies have a presence in Northeast Ohio. Additionally, the region is currently boasting more than $17 billion in capital developments, some of which is tourism related.

FleetPride,FleetPride, Albuquerque, Youngstown, NMOH | 13 CONFIDENTIALITY & DISCLAIMER STATEMENT

This Offering Memorandum contains select information pertaining to the business and affairs of FleetPride located at 134 E Woodland Ave, Youngstown, OH 44502 (“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.

Owner and Matthews Real Estate Investment Services 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 the Property 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 Matthews Real Estate Investment Services 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. BROKER OF RECORD

exclusively listed by KYLER BEAN Chad Kurz

™

134 E Woodland Ave | Youngstown, OH FleetPride FleetPride, Albuquerque, NM | 15