(DARK) Marietta, GA Ground Lease

OFFERING 1901 Sandy Plains Road MEMORANDUM Marietta, Georgia 30066 Confidentiality and Disclaimer

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

Investment Highlights 4 Investment Overview 5 Financial Analysis 6 Tenant Overview 7 Press Release 8 Surrounding Area 9 Location Overview 10 Property Photos 11-13 Surrounding Area Photos 14 Maps 15-16 Demographics / Market 17 Overview Investment Highlights PRICE: $2,100,000 | CAP: 7.49% | RENT: $157,300

About the Investment ✓ Absolute Triple-Net (NNN) Ground Lease ✓ 5 Years Remaining on an Original 20-Year Ground Lease ✓ 10% Increases Every Five Years – Including Through Option Periods ✓ Four (4), Five (5)-Year Tenant Renewal Options ✓ Corporate Guarantee (NYSE: BBT) ✓ Investment Grade Credit – Moody’s: A2 About the Location ✓ Directly Across from a Publix Anchor Shopping Center – “Sandy Plains Exchange” ✓ Over 180,900 Individuals Within a Five-Mile Radius and Growing ✓ 22 Miles from Downtown Atlanta ✓ Affluent Area – Over $100,000 Average Household Income in a Five-Mile Radius About the Tenant/Brand ✓ BB&T Corporation Operates Over 2,000 Branches in 15 States & Washington D.C. ✓ As of 2018 – It is the 16th Largest in the United States With More Than $221 Billion Assets Under Management ✓ BB&T Offers a Wide Range of Financial Services Including Retail and Commercial Banking, Investments, Insurance, Wealth Management, Asset Management, Mortgage, Corporate Banking, Capital Markets and Specialized Lending

BB&T (Dark) - Marietta, GA 4 INVESTMENT OVERVIEW

Marcus & Millichap is pleased to exclusively market for sale the subject single-tenant BB&T dark ground lease located at 1901 Sandy Plains Road in Marietta, Georgia. The property made up of a 4,000 square feet building and is situated on approximately 1.35 acres of land. The investment opportunity is subject to an absolute triple-net (NNN) lease which has approximately 5 years of term remaining. The current rent is $157,300 and is subject to 10% rental increases. The lease is guaranteed by Branch Banking and Trust Company.

BB&T is one of the largest financial services holding companies in the U.S. with $225.7 billion in assets and market capitalization of approximately $33.1 billion as of December 31, 2018. Building on a long tradition of excellence in community banking, BB&T offers a wide range of financial services including retail and commercial banking, investments, insurance, wealth management, asset management, mortgage, corporate banking, capital markets and specialized lending. Based in Winston-Salem, N.C., BB&T operates more than 1,800 financial centers in 15 states and Washington, D.C. and is consistently recognized for outstanding client service by Greenwich Associates for small business and middle market banking

BB&T (Dark) - Marietta, GA 5 Financial Analysis PRICE: $2,100,000 | CAP: 7.49% | RENT: $157,300 Property Description Rent Schedule Property Dark BB&T Ground Lease Lease Year(s) Annual Rent Monthly Rent Rent Escalation (%) 2019 $157,300 $13,108 - Property Address 1901 Sandy Plains Road 2020 $157,300 $13,108 - City, State, ZIP Marietta, Georgia 30066 2021 $173,030 $14,419 10.00% Year Built / Renovated 2005 2022 $173,030 $14,419 - Building Size ~4,000 SF 2023 $173,030 $14,419 - Lot Size +/- 1.35 Acres 2024 $173,030 $14,419 - Type of Ownership Ground Lease 2025 $173,030 $14,419 -- The Offering Annual Rent $157,300 CAP Rate 7.49% Purchase Price $2,100,000 Lease Summary Property Type Net Leased Bank Tenant / Guarantor BB&T Ownership Type Public (NYSE: BBT) Original Lease Term 21 Years Lease Commencement July 1st, 2005 Lease Expiration May 31st, 2026 Lease Term Remaining 5 Years Lease Type Absolute Triple-Net (NNN) Roof & Structure Tenant Responsible Rental Increases 10% Every Five Years Options to Renew Four (4), Five (5)-Year Options

BB&T (Dark) - Marietta, GA 6 TENANT OVERVIEW

About BB&T

BB&T Corporation (Branch Banking and Trust Company) is a bank holding company based in Winston-Salem, North Carolina. Its bank operates 2,049 branches in 15 states and Washington, D.C., and offers consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services. It is ranked 16th on the list of largest in the United States by assets. Its Corporate Information subsidiary, BB&T Insurance Services, is one of the largest insurance brokers in the world Headquarters Winston Salem, North Carolina

Ticker NYSE: BBT

Number of Locations 2,049 Branches

AUM $221.642 Billion

Stock Price $49.27 as of 01/28/2019

BB&T (Dark) - Marietta, GA 7 PRESS RELEASE

BB&T to Buy SunTrust in Biggest Bank Merger in a Decade

February 7, 2019, 6:11 AM EST

BB&T Corp. agreed to buy SunTrust Banks Inc. in the world’s largest bank merger in more than a decade, betting that a combination will allow them to keep up with bigger rivals in the arms race for new technology.

The $28 billion deal scraps both companies’ names and headquarters, creating an entirely new bank based in Charlotte, North Carolina, with branches throughout the Southeast. It will be the sixth-biggest commercial bank in the U.S. by assets, supplanting PNC Financial Services Group Inc.

Industry executives have long predicted a wave of bank mergers that until Thursday had played out only in smaller or midsize deals. Brian Moynihan, chief executive officer of Corp., said last month he could envision the creation of another megabank, given the large number of small players spread throughout the country. And Ernst & Young said it expects a flurry of transactions this year, fueled by easing regulations and the U.S. tax overhaul, which helped lenders build a war chest to spend on acquiring new clients and technology.

SunTrust shares climbed 8.7 percent to $63.84 at 10:10 a.m. in New York, their biggest increase in intraday trading since 2011. BB&T rose 2.9 percent. The banks said the deal will allow more investment in technology while cutting more than 10 percent of combined total expenses through eliminating duplicate branches and digital systems. The company will create an “Innovation and Technology Center” in its new headquarters, and the statement on the deal used the words technology, digital and innovation more than a dozen times.

BB&T (Dark) - Marietta, GA 8 Surrounding Area

Winston’s Food & Spirits

ADTC: 27,450

Kincaid Elementary Speed Shine Express Car Wash School Le Package (643 Students)

BB&T (Dark) - Marietta, GA 9 Location Overview

This BB&T dark asset is located at 1901 Sandy Plains Road in Marietta, Georgia. Marietta is the county’s seat and a large cultural hub. The city is northwest of Atlanta, Georgia, the state’s capital and most populous city.

The subject property is well-positioned on Sandy Plains Road and is surrounded by many major national and local tenants. Tenants in the area include: Publix, SunTrust Bank, Goodwill, Sally Beauty Supply, Papa John’s Pizza, Wendy’s, Chevron, QuikTrip, Speed Shine Express Car Wash, Laredo’s Mexican Bar & Grill, as well as many others. The subject property is in close proximity many significant points of interest in the area including but not exclusive to Kennesaw State University, Chattahoochee Technical College, and Life University, which have a combined enrollment exceeding 48,724 students. Six Flags White Water, a 69-acre water park, a part of the Six Flags Amusement Park Company, is located within four miles of this bank location. The Dobbins Air Reserve Base, a United States Air Force reserve Base is located seven miles away from the subject property. ADTC: 27,450 The BB&T property benefits from strong demographics with 69,034 individuals residing within a three-mile radius and 180,934 individuals residing within a five-mile radius. The property is located on Sandy Plains Road which has traffic counts of 27,450 vehicles per day. Additionally, within a one-mile radius, the average household income exceeds $100,000.

Marietta is located in central Cobb County, Georgia, approximately 25 miles outside of Atlanta, Georgia. The town’s main economic background is built up from the Dobbins Air Reserve Base on the south side of town and a Lockheed Martin manufacturing plant. The Cobb Community Transit, Marietta/Cobb County’s Transit System and Xpress GA Buses serve the city. All of the public schools in Marietta are operated by the Marietta City School, while the remainder of the schools in Cobb County, but outside the city limits, are operated by the Cobb County School District, including all of the county’s other cities. Marietta has six historic districts, some on the National Register of Historic ADTC: 13,500 Places these include: Northwest Marietta, Whitlock Avenue, Washington Avenue, and Church-Cherokee Street. Downtown is the town square and former location for the county courthouse. The square is the center of several cultural productions and public events, including a weekly farmers market. The Marietta Museum of History exhibits the history of the city and county and is home to thousands of artifacts including items from Marietta residents and businesses.

BB&T (Dark) - Marietta, GA 10 Property Photo

BB&T (Dark) - Marietta, GA 11 Property Photo

BB&T (Dark) - Marietta, GA 12 Property Photo

BB&T (Dark) - Marietta, GA 13 Surrounding Area Photos

BB&T (Dark) - Marietta, GA 14 Local Map

BB&T (Dark) - Marietta, GA 15 Regional Map

BB&T (Dark) - Marietta, GA 16 Demographics

1 Mile 3 Miles 5 Miles Population: 2023 Projection 8,821 73,214 191,955 2018 Estimate 8,288 69,034 180,934 2010 Census 7,478 63,715 166,668 Growth 2018-2023 6.43% 6.05% 6.09% Growth 2010-2018 10.83% 8.35% 8.56% 2018 Population Hispanic Origin 694 7,460 19,927 2018 Population by Race: White 6,042 48,239 129,495 Black 1,335 12,500 31,833 Am. Indian & Alaskan 31 284 745 Asian 666 6,129 14,235 Hawaiian & Pacific Island 12 67 130 Other 202 1,815 4,496 U.S. Armed Forces: 17 53 100 Households: 2023 Projection 3,381 28,736 74,124 2018 Estimate 3,178 27,102 69,872 2010 Census 2,883 25,098 64,462 Growth 2018 - 2023 6.39% 6.03% 6.09% Growth 2010 - 2018 10.23% 7.98% 8.39% 1 Mile Owner Occupied 2,724 18,463 47,541 Renter Occupied 454 8,639 22,330 2018 Avg Household Income $107,817 $98,734 $101,220 2018 Med Household Income $88,435 $76,639 $78,532 2018 Households by Household 3 Miles Inc: <$25,000 275 3,469 9,332 $25,000 - $50,000 516 5,069 12,557 $50,000 - $75,000 518 4,759 11,632 $75,000 - $100,000 521 3,882 10,011 5 Miles $100,000 - $125,000 405 2,872 7,500 $125,000 - $150,000 225 2,162 5,700

BB&T (Dark) - Marietta, GA 17 EXCLUSIVE NET LEASE OFFERING

GA Broker of Record: Tim Giambrone License #265556