Cambridge Franchise Group Corporate HQ 8010 Stage Hills Boulevard, Bartlett, Tennessee CONFIDENTIALITY and DISCLAIMER

OFFERING MEMORANDUM EXCLUSIVE NET – LEASE OFFERING

Cambridge Franchise Group Corporate HQ 8010 Stage Hills Boulevard, Bartlett, Tennessee CONFIDENTIALITY AND DISCLAIMER

Marcus & Millichap hereby advises all prospective some properties, including newly-constructed facilities or the subject property, the future projected financial purchasers of Net Leased property as follows: newly-acquired locations, may be set based on a tenant’s performance of the property, the size and square footage projected sales with little or no record of actual of the property and improvements, the presence or The information contained in this Marketing Brochure has performance, or comparable rents for the area. Returns absence of contaminating substances, PCB’s or asbestos, been obtained from sources we believe to be reliable. are not guaranteed; the tenant and any guarantors may the compliance with State and Federal regulations, the However, Marcus & Millichap has not and will not verify fail to pay the lease rent or property taxes, or may fail to physical condition of the improvements thereon, or the any of this information, nor has Marcus & Millichap comply with other material terms of the lease; cash flow financial condition or business prospects of any tenant, or conducted any investigation regarding these matters. may be interrupted in part or in whole due to market, any tenant’s plans or intentions to continue its occupancy Marcus & Millichap makes no guarantee, warranty or economic, environmental or other conditions. Regardless of the subject property. The information contained in this representation whatsoever about the accuracy or of tenant history and lease guarantees, Buyer is Marketing Brochure has been obtained from sources we completeness of any information provided. responsible for conducting his/her own investigation of all believe to be reliable; however, Marcus & Millichap has matters affecting the intrinsic value of the property and not verified, and will not verify, any of the information As the Buyer of a net leased property, it is the Buyer’s the value of any long-term lease, including the likelihood contained herein, nor has Marcus & Millichap conducted responsibility to independently confirm the accuracy and of locating a replacement tenant if the current tenant any investigation regarding these matters and makes no completeness of all material information before should default or abandon the property, and the lease warranty or representation whatsoever regarding the completing any purchase. This Marketing Brochure is not terms that Buyer may be able to negotiate with a accuracy or completeness of the information provided. All a substitute for your thorough due diligence investigation potential replacement tenant considering the location of potential buyers must take appropriate measures to verify of this investment opportunity. Marcus & Millichap the property, and Buyer’s legal ability to make alternate all of the information set forth herein. expressly denies any obligation to conduct a due diligence use of the property. examinationof this Property for Buyer. NON-ENDORSEMENT NOTICE By accepting this Marketing Brochure you agree to release Any projections, opinions, assumptions or estimates used Marcus & Millichap Real Estate Investment Services and Marcus & Millichap Real Estate Investment Services, Inc. in this Marketing Brochure are for example only and do hold it harmless from any kind of claim, cost, expense, or (“M&M”) is not affiliated with, sponsored by, or endorsed not represent the current or future performance of this liability arising out of your investigation and/or purchase by any commercial tenant or lessee identified in this property. The value of a net leased property to you of this net leased property. marketing package. The presence of any corporation’s depends on factors that should be evaluated by you and logo or name is not intended to indicate or imply your tax, financial and legal advisors. CONFIDENTIALITY AND DISCLAIMER affiliation with, or sponsorship or endorsement by, said corporation of M&M, its affiliates or subsidiaries, or any Buyer and Buyer’s tax, financial, legal, and construction The information contained in the following Marketing agent, product, service, or commercial listing of M&M, advisors should conduct a careful, independent Brochure is proprietary and strictly confidential. It is and is solely included for the purpose of providing tenant investigation of any net leased property to determine to intended to be reviewed only by the party receiving it lessee information about this listing to prospective your satisfaction with the suitability of the property for from Marcus & Millichap and should not be made available customers. your needs. to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been ALL PROPERTY SHOWINGS ARE BY APPOINTMENT Like all real estate investments, this investment carries prepared to provide summary, unverified information to ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP significant risks. Buyer and Buyer’s legal and financial prospective purchasers, and to establish only a preliminary AGENT FOR MORE DETAILS. advisors must request and carefully review all legal and level of interest in the subject property. The information financial documents related to the property and tenant. contained herein is not a substitute for a thorough due While the tenant’s past performance at this or other diligence investigation. Marcus & Millichap has not made locations is an important consideration, it is not a any investigation, and makes no warranty or guarantee of future success. Similarly, the lease rate for representation, with respect to the income or expenses for Table of Contents Financial Overview

➢ Investment Highlights and Overview ➢ Tenant Overview

Pricing & Financial Analysis

➢ Lease Summary ➢ Recent Rent Comparables

Property Overview ➢ Location Highlights and Overview ➢ Surrounding Area Map ➢ Exterior Photos ➢ Interior Photos ➢ Surrounding Area Photos ➢ Local Map ➢ Regional Map FINANCIAL OVERVIEW Base Base Annual Rent CAP Rate Price Address Property Name Year Built Lot Size Building Size Lease Expiration Lease Commencement Lease Price $4,200,000 Term Financial Summary Offering Terms $303,750 NOI 8010 StageBoulevard,8010 Bartlett, 20Years fromCloseEscrow of Cambridge FranchiseGroup Cambridge CorporateHeadquarters 17,920 SquareFeet 17,920 Close ofClose Escrow 7.25% CAP Rate $4,200,000 2.96 Acres2.96 Tennessee $303,750 20Years 7.25% 1998 ➢ ➢ ➢ ➢ and overseeing system Whitton Chairman King CFG through annual escrow (“CFG”), net The Boulevard Franchise Marcus Corporately term for Strong responsibilities brand Long Million Since fastest corporate Renovations Mission units franchisee, Franchise profitable Franchise (NNN), was Cambridge 1 is franchisee, . . and 50 an - taking rental Term and new . for growing, & in the previously a Tim 115 Inflation percent of in Group renovations 115 Millichap Critical continuing 400 Group corporately Group Burger headquarters four, a the the Bartlett, and - 20 occupancy Investment Highlights increases Unit Furr - decade Triple Unit : Franchise units - Guaranteed base and National year Investment Overview three five has Corporate and This annual Burger acquired Director is (“CFG”) King Burger Asset Hedge - is four, for Tennessee - the year annual since absolute most Net through and offering at pleased commencing guaranteed time BK at Franchise Group Chief King this franchises rental renewal five for of this (NNN) Corporation | prior King grown profitable Headquarters Carolina is rent South | Finance - location Corporate Franchisee year Cambridge the by location, Operating one Attractive and to triple represents Corporate increases operator will to option present Association four, business Cambridge tenant sale consists East Lease year of working - in and be Quality, net . Burger - . leaseback the five the Kevin . the $ Franchisee periods . two . Real CFG 303 Officer lease Headquarters renewal The commencing Headquarters Franchise : The the a - of Rental tenant significantly, year United largest, At , . during King for unique 750 is Estate LLC Whitton 17 Supporting lease . exclusive property closing, led . , The 920 and Franchise renewal . CFG with franchises (“CQL”), options The by has the of Escalations at will States square Group, fastest lease has opportunity Ray is was Cambridge Burger lease the invested is year the base commence listing the is currently Ray option been subject Meeks, . . located a will an year | feet tenant Chief In calls in two term growing, one Group is 22 King $ above for in the 1 Tim 2014 have - approximately on periods unit M and to : a during for Franchise Corporation the Financial and of to the The operating 28 2 at United will Furr 20 upon Invested . , : 1 96 Burger - the acquire no former area Burger - . 8010 year Cambridge Cambridge 50 year Cambridge and lease continuing execute acres . and the landlord close percent largest, States Officer Burger leader Group triple Stage Kevin most base . calls King King Vice . 115 the $ in of 1 a - .

5 FINANCIAL OVERVIEW CAMBRIDGE FRANCHISE GROUP Cambridge Franchise Group (“CFG”) is a 115-unit Burger King Franchisee. CFG acquiredCambridgeCarolina Quality, LLC (“CQL”) Franchisein 2014 as a platform Groupto execute (“CFG”)a growth strategy in the Burger King System. At the time of acquisition, CQL was a Burger King franchisee operating 22 restaurants across five states. Since the acquisition CFG has grown the business significantly and currently operates 115 Burger King locations. Today Cambridge Franchise Group is among the largest, fastest growing, and most profitable Burger King franchises in the United States.

Since taking ownership CFG has focused on improving operations in the existing business as well as growing the business through acquisitions, new builds, and remodels. CFG has invested a significant amount to complete remodels on 50% of the restaurant portfolio. In 2015, CFG was the ranked the best performing franchisee in the Burger King system.

CFG is led by Ray Meeks, a 28 year Burger King franchisee, three time South East Franchisee of the year and former Vice Chairman of the NFA. Supporting Ray is Tim Furr and Kevin Whitton. Tim Furr is the Chief Operating Officer and has been in the Burger King system for a decade and prior to working for CFG was an above area leader overseeing ~400 units for BK Corporation. Kevin Whitton is the Chief Financial Officer and was previously Director of Finance and Real Estate at Burger King Corporation. CFG currently operates in eight states. Burger King Locations: • Virginia • North Carolina • Kentucky • Tennessee • Alabama • Mississippi • Louisiana • Arkansas 6 Tenant Overview:

Cambridge Franchise Holdings senior leadership has extensive operating, franchise development, integration and finance

experience in the industry and has developed a strong culture of operational excellence. TENANT TENANT OVERVIEW

industry and Burger King specific experience. TENANT TENANT OVERVIEW

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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap Activity ID: Y0330583 8 Services information This aims Stores and Meeks, 30 Cambridge About Cambridge Franchise Holdings Southeast employees Cambridge formation This years that maintaining Cambridge "Joe and estate MEMPHIS, information is - a service and year Cambridge FranchiseHoldings Acquires 42 Burger King(R) Restaurants and 5 Mississippi VP Cambridge Franchise Holdings Continues toPursue Southeast Consolidation and Growth Strategy is Cambridge bears Mirabile to . has mark We the company, and been all of grow Chief Burger of risk secured Marcus wish for in through Operations largest real Franchise TN Franchise Franchise any that the & from 2014 its Millichap inaccuracies Operating -- built sources them estate (Marketwired from King® restaurants high Franchise Convenience Storesin Tennessee, Mississippiand Arkansas it has Real . of we . Any Cambridge acquisitions Estate intends a believe 15 projections, Mirabile acquired the Holdings standards phenomenal Holdings Holdings Investment Chris franchisee in to restaurant be Officer Alabama, best reliable, opinions, Services, Holdings to Schniepp and but assumptions Investment of - Franchise 42 Inc has . we bring was and January . of "We © Tim make its luck 2013 and BURGER built no and operations Arkansas, business or team Marcus formed remodels representations estimates is . Furr “ . to are seasoned Cambridge & the real Millichap a 11 used the Holdings , through strong excited Corporation, Chief herein KING® or , new Activity estate in warranties, 2016 with newly Louisiana, are of and 2014 ID for : Financial Y operator, existing management example restaurant 0330583 expressed ) to restaurants a consistent, is Franchise acquisitions development - Cambridge focus one acquired purposes by work or implied, which Matt Mississippi, only of restaurants Officer on as and as together Burger to operator do Holdings the Perelman high I operations not was and restaurants accuracy team have represent that Franchise set Kevin owned of quality, King's 5 the the Cambridge North and with All . witnessed and by current information owns The - and in Whitton, Joe or instituted largest development and . future - by our . Holdings, profitable References One Carolina, Company The and and Alex performance Dr restaurant new . to convenience Franchise Ray's Company Joseph and square operates his Sloane Chief of the a team footage team a Tennessee property fastest operations culture is commitment rapidly or of Mirabile Development led age . Marcus in quality," . members new are Holdings " 115 plans approximate partnership by Added growing & of stores Millichap growing restaurants Restaurants, Chief partnership . and . . Real continued Buyer said Estate Mirabile, has in to must and Virginia franchisees Executive Investment Tennessee, Officer verify excellence restaurant Ray completed with are the . among . Meeks, 5 growth "I committed The Ray Joey Convenience am Officer . Company Meeks, Arkansas over and since all pleased Stewart CEO in of real Ray the the its its to of a

CAMBRIDGE FRANCHISE HOLDINGS: 9 JANUARY 2016 ACQUISITION Services information This Cambridge Franchise Holdings now operatesnow CambridgeFranchise restaurantsHoldings 115 company as the continues to Southeastpursue grow and consolidation aims Stores and Meeks, 30 Cambridge About Cambridge Franchise Holdings 2014 This Franchise know Holdings great “We respected estate COOKEVILLE, information Cambridge FranchiseHoldings Acquires 10 Burger King Restaurants in Tennessee is - a service and year VP . is bears are to has operations Cambridge mark that company, and been all the of grow Chief Burger of . risk very secured Marcus Added team for operator Operations real our Franchise fourth any & from its Millichap inaccuracies excited TN Operating sources estate and restaurants King® restaurants -- has Tish that Real Franchise (PR we . acquisition Any Estate of believe wish projections, acquired to Holdings Short, Investment the Chris Burger franchisee in WEB to be have Officer Alabama, them reliable, opinions, Wilmoths Services, Holdings Schniepp and are - a but King® the assumptions January member 10 that Inc we the was . © Tim make left its 2013 BURGER and Wilmoth no best Arkansas, or team Marcus Cambridge restaurants formed representations estimates have Furr is in . seasoned Cambridge & 10 one of Millichap very of used , through , instilled Chief the from the WilmothFamily luck KING® herein or 2017 portfolio of Activity in warranties, capable Louisiana, are Burger Wilmoth . 2014 ID . ” for Franchise : ) Financial Y example restaurant 0330583 expressed restaurants - consistent, Franchise Cambridge in purposes by of King’s® or their hands implied, restaurants Matt family, Mississippi, only Holdings Officer as and team to . operator do Holdings the largest Perelman high not We in accuracy Franchise “My represent Tennessee members,” Kevin have of quality, the the join has family North and . current information owns The and very Whitton, our completed or fastest Holdings, future . profitable References and Carolina, Company from and organization Alex performance said much to I growing square are operates the Sloane Ray Chief of the a footage in enjoyed Tennessee excited property operations Wilmoth is rapidly Meeks, 2016 or Development led age . Marcus . franchisees in are We 115 approximate partnership by & to and Millichap working growing will CEO Family, Restaurants, Chief begin . and . Real Buyer the continue of Estate must Virginia . Executive our 8 Cambridge Investment with a Officer verify th restaurant long with the next acquisition the the . 5 - The time Ray Joey Convenience chapter Officer example Cambridge Franchise Company Meeks, and and th Stewart strategy. since well and real Ray of a

CAMBRIDGE FRANCHISE HOLDINGS: 10 JANUARY 2017 ACQUISITION PRICING AND FINANCIAL ANALYSIS Rental Increases Options to Renew Roof & Structure Lease Type Lease Expiration Lease Commencement Lease Term Tenant Ownership Property Type Property Name Lease Summary Lease 20 Years from Close of Escrow Cambridge Franchise Group Cambridge Franchise Group Absolute Triple Corporate Headquarters Tenant Responsible Close Close of Escrow 1.50% Annually Office Building Five, Five Net - Fee Simple Net (NNN) 20 Years - Leased - Year Annual Annual Rent Annualized Operating Data OperatingAnnualized Lease Lease Year CAP CAP Rate Year 20 Year 19 Year 18 Year 17 Year 16 Year 15 Year 14 Year 13 Year 12 Year 11 Year 10 Price Year 3 Year 2 Year 1 Year 9 Year 8 Year 7 Year 6 Year 5 Year 4 Annual Annual Rent $403,061 $397,105 $391,236 $385,454 $379,758 $374,146 $368,617 $363,169 $357,802 $352,514 $347,305 $342,172 $337,115 $332,133 $327,225 $322,389 $317,625 $312,931 $308,306 $303,750 Monthly Rent $4,200,000 $303,750 $33,588 $33,092 $32,603 $32,121 $31,646 $31,179 $30,718 $30,264 $29,817 $29,376 $28,942 $28,514 $28,093 $27,678 $27,269 $26,866 $26,469 $26,078 $25,692 $25,313 7.25%

12 LEASE SUMMARY RENT COMPARABLES

Subject Property: 8010 Stage Hills Boulevard, Bartlett, Tennessee

5124 Poplar Avenue Memphis, Tennessee 942 S Shady Grove Road, Memphis, Tennessee

Address City State On Market / Leased Rent / SF Building Size (SF) Property Type

Subject: 8010 Stage Hills Blvd Bartlett TN On Market $16.95 17,920 Single Tenant Office

942 S Shady Grove Road Memphis TN Leased $17.00 90,437 Single Tenant Office

5124 Poplar Avenue Memphis TN Leased $18.62 13,322 Multi Tenant Office

Subject Property: CFG Corporate HQ | 20 Year Sale-Leaseback | Bartlett, TN Building Type: Single Tenant Office Year Built: 1998 Building Size: 19,920 SF Leased / On Market: Sale-Leaseback Rent/ SF: $16.95 / SF

Fed Ex Executive Center | 942 S Shady Grove Road, Memphis, TN Building Type: Single Tenant Office Year Built: 1999 Building Size: 90,437 SF Leased / On Market: Leased Rent/ SF $17.00 / SF

Multi Tenant Office | 5124 Poplar Avenue, Memphis, TN Building Type: Multi Tenant Office Year Built: 1987 Building Size: 13,322 SF Leased / On Market: Leased Rent / SF $18.62 / SF

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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap Activity ID: Y0330583 Activity ID: Y0330283 14 PROPERTY OVERVIEW Location Highlights Location Overview ➢ Centrally Located In Bartlett/Wolf-Chase: Region’s Largest Retail The Cambridge Franchise Group Corporate Headquarters is located at 8010 Stage Hills Center and Prime Hotel and Restaurant Venue Boulevard in Bartlett, Tennessee. Bartlett is a rapidly-growing, full-service city, adjoining ➢ Located Immediately on the Border of Memphis and Bartlett Memphis in the southwest corner of Tennessee. Bartlett is located in the center of Shelby County and the subject property is located immediately on the border of Bartlett ➢ Less Than One-Half Mile from Wolfchase Galleria: Premier Indoor and Memphis. Shopping Mall and the Largest Shopping Mall in the Memphis region Surrounding Retail and Points of Interest ➢ Walking Distance to “The Commons”: Premier Power Center The Cambridge Franchise Group Corporate Headquarters is located in the Heart of Anchored by Dillard’s, JCPenney, Sears, & Malco Theatres Bartlett along Stage Hills Boulevard, directly off of Highway 64. The subject property is ➢ Walking Distance to Numerous National Retailers and Restaurants: centrally located in the Wolfchase area of Bartlett. The Bartlett/Wolf-Chase area is the Walmart Supercenter, Sam’s Club, Lowe’s Home Improvement, Target, region’s largest retail center, as well as a prime hotel and restaurant venue. Most major Red Lobster, Romano's Macaroni Grill, Olive Garden and Many More retailers and service companies have a presence in the corridor, which provides ➢ Exceptional Traffic Counts | Combined Average Daily Traffic Counts of excellent amenities for local residents and employees. over 80,000 Vehicles at the Intersection of North Germantown Parkway and Highway 64 The subject property is located less than one-half mile from the Wolfchase Galleria, a premier indoor shopping mall and the largest shopping mall in the Memphis region. ➢ Strong Demographics: Approximately 61,000 Residents Within a Three- Wolfchase Galleria features Dillard's, JC Penney, and Macy's plus 120 of the most Mile Radius of This Property and 162,000 Within a Five-Mile Radius exciting stores in the Mid-South, including West Tennessee's first Cheesecake Factory. Directly across from Wolfchase Galleria is The Commons, a premier power center anchored by Dillard’s, JCPenney, Sears, & Malco Theatres.

In addition to the major retail destinations stated above, the subject property is located within walking distance to numerous other national retailers and restaurants including Walmart Supercenter, Sam’s Club, Lowe’s Home Improvement, Target, Red Lobster, Romano's Macaroni Grill, Olive Garden and many more. Demographics and Traffic Counts There are approximately 61,000 residents within a three-mile radius of this property and 162,000 within a five-mile radius. The subject property benefits from its excellent visibility, located directly off of the intersection of North Germantown Parkway and ADTC 36,000 Highway 64, with combined average daily traffic counts of over 81,000 vehicles. The exit ramp for Interstate 40 is located one mile from the subject property. Interstate 40 is a major road in Tennessee that traverses the entire state. Average traffic counts near the exit ramp for the subject property are approximately 80,000 vehicles per day. Bartlett, Tennessee ADTC 45,000 Bartlett is the largest suburban community of the Memphis Metro area. It serves as one of the metro area’s and the state’s most vibrant economic engines for new technologies and job growth. Bartlett serves as the hub for Northeast Shelby County, which boasts over 15,000 businesses, 185,000 employees and 150,000 households. In ADTC 80,000 recent years, Bartlett has emerged as one of the largest concentrations of medical

device manufacturing in the country. This dynamic industry provides good paying jobs OVERVIEW LOCATION for both professional technicians and advanced-degreed engineers and specialists. In Bartlett, Tennessee addition, the area contains a large number of other life-science-related industries, including pharmaceuticals, laboratories and healthcare.

Kate Bond Middle and Elementary School

18 PROPERTY PHOTOS PROPERTY

19 PROPERTY PHOTOS PROPERTY

20 INTERIOR PHOTOS INTERIOR

21 INTERIOR PHOTOS INTERIOR

22 SURROUNDING AREA PHOTOS AREA SURROUNDING

23 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate 24 Investment Services, Inc. © 2013 Marcus & Millichap Activity ID: Y0330583 Activity ID: Y0330283 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate 25 Investment Services, Inc. © 2013 Marcus & Millichap Activity ID: Y0330583 Activity ID: Y0330283 DEMOGRAPHICS In Income 37 the year 176 changed In Population average blue employed daytime In Employment which that household compare . 2014 2014 2014 3 , population . - . 496 the collar The The represents , , , time median five there by the population the population this current in income occupations 33 white years population traveled median . to are 18 in household % a the population your - 61 change collar from for since . density , 726 to The Entire household your . area work In now, in occupations 2000 employees of 2000 2014 your income area in is 14 is US was which . 35 your It 47 . , 28 selected has average Census . is unemployment 4 . income 26 79 % , estimated in area compare . represents % from 1 changed in in your minutes male this your is revealed geography which the for 2 area , geography, 070 and selected that this current by your . will a . 35 is 52 in 11 change the to that . currently be . selected people this 20 20 is the year area, population % $ % 162 and 74 area 73 Entire female since of . , , . 932 per 670 this 07 26 8 geography . is $ 49 % . 71 51 square . 2000 five is US 4 . The % . The in of , % 45 also 972 from average your years are . % employees population It median . . mile known In The employed is is the area from estimated 2000 . $ which 65 median current will age as , now, , 565 the has the are be of in is , TOPEMPLOYERS INCOME HOUSEHOLD 2014 POPULATION Median Average CalhounCounty Schools Regional Honda Employers 2019 2014 2010 ManufacturingAlabama MedicalCenter Memphis, $62,507 $76,459 1 1 3,414 3,155 3,052 - - Mile Mile $65,480 $82,968 3 Tennessee 64,310 61,290 58,744 3 - - Mile Mile 1,400 1,585 4,100 Employees # of $65,565 $82,055 176,497 162,671 156,227 5 5 - - Mile Mile

27 DEMOGRAPHICS