Representative Photo TRUIST BANK EXCLUSIVE NET - LEASE OFFERING

OFFERING MEMORANDUM 3491 Courtyard Way - Columbus, GA 31909 Confidentiality and Disclaimer

Marcus & Millichap hereby advises all prospective purchasers of market, economic, environmental or other conditions. Regardless the accuracy or completeness of the information provided. All Net Leased property as follows: of tenant history and lease guarantees, Buyer is responsible for potential buyers must take appropriate measures to verify all of conducting his/her own investigation of all matters affecting the the information set forth herein. The information contained in this Marketing Brochure has been intrinsic value of the property and the value of any long-term obtained from sources we believe to be reliable. However, lease, including the likelihood of locating a replacement tenant if NON-ENDORSEMENT NOTICE Marcus & Millichap has not and will not verify any of this the current tenant should default or abandon the property, and information, nor has Marcus & Millichap conducted any the lease terms that Buyer may be able to negotiate with a Marcus & Millichap Real Estate Investment Services, Inc. investigation regarding these matters. Marcus & Millichap makes potential replacement tenant considering the location of the (“M&M”) is not affiliated with, sponsored by, or endorsed by any no guarantee, warranty or representation whatsoever about the property, and Buyer’s legal ability to make alternate use of the commercial tenant or lessee identified in this marketing package. accuracy or completeness of any information provided. property. The presence of any corporation’s logo or name is not intended By accepting this Marketing Brochure you agree to release to indicate or imply affiliation with, or sponsorship or As the Buyer of a net leased property, it is the Buyer’s Marcus & Millichap Real Estate Investment Services and hold it endorsement by, said corporation of M&M, its affiliates or responsibility to independently confirm the accuracy and harmless from any kind of claim, cost, expense, or liability arising subsidiaries, or any agent, product, service, or commercial listing completeness of all material information before completing any out of your investigation and/or purchase of this net leased of M&M, and is solely included for the purpose of providing purchase. This Marketing Brochure is not a substitute for your property. tenant lessee information about this listing to prospective thorough due diligence investigation of this investment customers. opportunity. Marcus & Millichap expressly denies any obligation CONFIDENTIALITY AND DISCLAIMER to conduct a due diligence examination of this Property for Buyer. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE The information contained in the following Marketing Brochure is CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE Any projections, opinions, assumptions or estimates used in this proprietary and strictly confidential. It is intended to be reviewed DETAILS. Marketing Brochure are for example only and do not represent only by the party receiving it from Marcus & Millichap and should the current or future performance of this property. The value of a not be made available to any other person or entity without the SPECIAL COVID-19 NOTICE net leased property to you depends on factors that should be written consent of Marcus & Millichap. This Marketing Brochure evaluated by you and your tax, financial and legal advisors. has been prepared to provide summary, unverified information All potential buyers are strongly advised to take advantage of to prospective purchasers, and to establish only a preliminary their opportunities and obligations to conduct thorough due Buyer and Buyer’s tax, financial, legal, and construction advisors level of interest in the subject property. The information diligence and seek expert opinions as they may deem necessary, should conduct a careful, independent investigation of any net contained herein is not a substitute for a thorough due diligence especially given the unpredictable changes resulting from the leased property to determine to your satisfaction with the investigation. Marcus & Millichap has not made any investigation, continuing COVID-19 pandemic. Marcus & Millichap has not been suitability of the property for your needs. and makes no warranty or representation, with respect to the retained to perform, and cannot conduct, due diligence on behalf income or expenses for the subject property, the future projected of any prospective purchaser. Marcus & Millichap’s principal Like all real estate investments, this investment carries significant financial performance of the property, the size and square expertise is in marketing investment properties and acting as risks. Buyer and Buyer’s legal and financial advisors must request footage of the property and improvements, the presence or intermediaries between buyers and sellers. Marcus & Millichap and carefully review all legal and financial documents related to absence of contaminating substances, PCB’s or asbestos, the and its investment professionals cannot and will not act as the property and tenant. While the tenant’s past performance at compliance with State and Federal regulations, the physical lawyers, accountants, contractors, or engineers. All potential this or other locations is an important consideration, it is not a condition of the improvements thereon, or the financial buyers are admonished and advised to engage other guarantee of future success. Similarly, the lease rate for some condition or business prospects of any tenant, or any tenant’s professionals on legal issues, tax, regulatory, financial, and properties, including newly-constructed facilities or newly- plans or intentions to continue its occupancy of the subject accounting matters, and for questions involving the property’s acquired locations, may be set based on a tenant’s projected property. The information contained in this Marketing Brochure physical condition or financial outlook. Projections and pro forma sales with little or no record of actual performance, or has been obtained from sources we believe to be reliable; financial statements are not guarantees and, given the potential comparable rents for the area. Returns are not guaranteed; the however, Marcus & Millichap has not verified, and will not verify, volatility created by COVID-19, all potential buyers should be tenant and any guarantors may fail to pay the lease rent or any of the information contained herein, nor has Marcus & comfortable with and rely solely on their own projections, property taxes, or may fail to comply with other material terms of Millichap conducted any investigation regarding these matters analyses, and decision-making.) the lease; cash flow may be interrupted in part or in whole due to and makes no warranty or representation whatsoever regarding

3491 Courtyard Way - Columbus, GA 31909 Representative Photo

Table of Contents Investment Highlights 4 Financial Analysis 5 Tenant Overview 6 Surrounding Area 7 Location Overview 8 Local / Regional Maps 9-10 Demographics / Market Overview 11-12 Investment Highlights PRICE: $1,620,424 | CAP: 5.50% | RENT: $89,123

Representative Photo About the Investment ✓ Absolute Triple Net (NNN) Lease | 6.7 Years Remaining ✓ Attractive 1.5% Annual Rental Increases ✓ Investment Grade Tenant | A Rating (S&P) ✓ Six (6), Five (5)-Year Tenant Renewal Options ✓ Corporate Tenant | Corporate Guarantee ✓ In 2016, Truist Bank Executed its Renewal Option Early & Extended the Term of the Lease by 11.5 Years About the Location ✓ Dense Retail Corridor | The Home Depot, Walmart, Macy’s, J.C. Penney, At Home, Burlington, Walgreens, CVS Pharmacy, McDonald’s, Burger King, Chick-fil- A, KFC, Dollar General, and Many More ✓ Strong Real Estate Fundamentals | Directly Adjacent to | 92 Tenants ✓ High Academic Presence | Across the Street from Columbus State University | More than 8,300 Students Enrolled ✓ Strong Traffic Counts | Manchester Expressway & Interstate 185 | Average 50,500 and 84,500 Vehicles Per Day, Respectively ✓ Immediate Access to Healthcare | Less than Two-Miles From St. Francis Hospital | A Massive 376-Bed State-of-the-Art Facility About the Tenant / Brand ✓ Investment Grade Tenant | A Rating (S&P) ✓ Truist Financial Corporation is the nation’s sixth largest U.S. bank holding company ✓ $306 billion in Loans ✓ $381 billion in Deposits ✓ 10 Million Households Served ✓ 275 years of combined history serving clients and communities in high-growth markets ✓ Headquartered in the financial district of Uptown Charlotte, North Carolina

Truist Bank 4 Financial Analysis PRICE: $1,620,424 | CAP: 5.50% | RENT: $89,123 Property Description RENT SCHEDULE Property Truist Bank Lease Year(s) Annual Rent Monthly Rent Rent Escalation (%) Property Address 3491 Courtyard Way 4/1/2021 - 3/31/2022 $89,123 $7,427 - 4/1/2022 - 3/31/2023 $90,460 $7,538 1.50% City, State, ZIP Columbus, GA 31909 4/1/2023 - 3/31/2024 $91,817 $7,651 1.50% Year Built / Renovated 1988 4/1/2024 - 3/31/2025 $93,194 $7,766 1.50% Building Size 3,810 4/1/2025 - 3/31/2026 $94,592 $7,883 1.50% Lot Size +/- 0.69 Acres 4/1/2026 - 3/31/2027 $96,011 $8,001 1.50% Type of Ownership Fee Simple 4/1/2027 - 3/31/2028 $97,451 $8,121 1.50% The Offering Purchase Price $1,620,424 CAP Rate 5.50% Annual Rent $89,123

Property Type Net Leased Bank INVESTMENT SUMMARY Tenant / Guarantor Corporate Marcus & Millichap is pleased to present the exclusive listing for a Truist Bank Ownership Type Public located at 3491 Courtyard Way in Columbus, . The site constructed in 1988, consists of roughly 3,810 rentable square feet of building space on Lease Commencement March 28, 2008 estimated 0.69 acre parcel of land. Lease Expiration March 31, 2028 Lease Term Remaining 6.7 Years Truist Bank is subject to an absolute triple-net (NNN) lease. The annual rent is Lease Type Triple Net (NNN) $89,123 with annual one and a half (1.50%) rental increases. In 2016, Truist Rental Increases 1.50% Annually Bank executed its renewal options early & extended the term of the lease by Options to Renew Six (6), Five (5)-Year Option Periods 11.5 years. There are six (6), five (5)-year tenant renewal options remaining.

Truist Bank 5 Tenant Overview

About Truist Bank

SunTrust and BB&T have combined in a historic merger of equals to create Truist, the sixth largest U.S. bank holding company. With 275 years of combined history serving clients and communities in high-growth markets, the new company will deliver the best of both companies’ talent, technology and processes.

BB&T and SunTrust formed Truist with a shared purpose—to inspire and build better lives and communities. With combined resources, collective passion, and commitment to innovation, Truist is creating a better financial experience to help people and businesses achieve more.

At Truist, their purpose is to inspire and build better lives and communities. Every day, the pursuit of better drives them—to empower clients with more choice, teammates with more fulfillment, and communities with more hope. The Truist Executive Leadership team is made up of 14 seasoned leaders committed to helping clients, teammates, and communities achieve more. Representative Photo

Truist is headquartered in Charlotte, North Carolina, in the heart of its vibrant financial district. Charlotte will also be home to its Innovation and Technology Center, where client inspiration will drive the company to develop transformative banking experiences.

Representative Photo

Truist Bank 6 Surrounding Area Property Address: 3491 Courtyard Way - Columbus, GA 31909

Arnold Middle School 600+ students

Columbus

ADTC:84,500 Airport

Peachtree Mall 92 Tenants

St. Francis Hospital 376 Beds Columbus State University 8,300+ Students

Truist Bank 7 Location Overview Property Address: 3491 Courtyard Way - Columbus, GA 31909

The subject investment property is situated on Courtyard Way, which is immediately off Manchester Expressway. Manchester Expressway boasts average daily traffic counts of 50,500 vehicles. Manchester Expressway serves as an access Road to Interstate 185, which brings an additional 84,500 vehicles into the immediate area per day. This Truist Bank benefits from being situated in a heavily populated area. There are more than 63,000 individuals residing within a three-mile radius of the property and more than 163,000 individuals within a five-mile radius of the property.

The subject property benefits from being well-positioned in a dense retail corridor consisting of national and local tenants, shopping centers, hospitality accommodations, medical facilities, schools, and other points of interest. Major national tenants include: The Home Depot, Walmart, Macy’s, J.C. Penney, At Home, Burlington, Walgreens, CVS Pharmacy, McDonald’s, Burger King, Chick-fil-A, KFC, Dollar General, and so many more. ADTC: 84,500 Hospitality accommodation within immediate proximity to the subject property include: Courtyard by Marriott, Fairfield Inn & Suites, La Quinta Inn & Suites, Double Tree, Comfort Inn, Super 8, and more. This Truist Bank benefits from being located within footsteps of Peachtree Mall. Peachtree Mall is home to 92 tenants and is one of two major shopping areas in the city of Columbus. Additionally, the subject property is across the street from Columbus State University. Ranked among the top regional universities in the South by U.S. News & World Report, Columbus State offers nationally distinctive programs in the arts, education, business, nursing and more. The University has an enrollment greater than 8,300 students. Furthermore, the subject property ADTC: 50,500 benefits from its immediate access to healthcare. St. Francis Hospital is located less than two miles from the subject property. Founded in 1950, St. Francis Hospital provides residents of Columbus and the surrounding region with a full range of inpatient and outpatient services at its massive 376-bed, state-of-the- art facility. Also, the subject investment property is located less than two miles from Columbus Airport, the metro area’s primary airport.

Columbus is a consolidated city-county in the west central U.S. state of Georgia. Located on the Chattahoochee River directly across from Phenix City, Alabama, Columbus is the county seat of Muscogee County. Columbus is the third-largest city in Georgia and the fourth-largest metropolitan area. Columbus lies 100 miles southwest of . , the United States Army's Maneuver Center of Excellence and a major employer, is located south of the city in Chattahoochee County. Columbus is home to museums and tourism sites, including the National Infantry Museum, dedicated to the United States Army's Infantry Branch. It has the longest urban whitewater rafting course in the world constructed on the Chattahoochee River.

Truist Bank 8 Local Map Property Address: 3491 Courtyard Way - Columbus, GA 31909

Columbus Airport

Montgomery Regional Airport

Truist Bank 9 Regional Map Property Address: 3491 Courtyard Way - Columbus, GA 31909

GEORGIA

Truist Bank 10 Demographics Property Address: 3491 Courtyard Way - Columbus, GA 31909 3 Miles 5 Miles 10 Miles Population Trends: 2010 Population 65,908 162,682 251,021 2020 Population 63,387 163,755 257,388 2025 Population Projection 61,584 160,589 254,499 Growth 2010 - 2020 -0.40% 0.10% 0.30% 10 Miles Growth 2020 - 2025 -0.60% -0.40% -0.20% Population by Race (2020): White 36,946 78,007 127,659 Black 22,629 75,509 114,012 American Indian/Alaskan Native 338 733 1,362 5 Miles Asian 1,352 4,342 6,180 Hawaiian & Pacific Islander 133 346 602 3 Miles Two or More Races 1,989 4,818 7,572 Hispanic Origin 4,558 10,494 18,336 Household Trends: 2010 Households 27,202 65,581 97,375 2020 Households 26,235 66,222 100,304 2025 Household Projection 25,506 64,947 99,160 Growth 2010 - 2020 -0.10% 0.30% 0.50% Growth 2020 - 2025 -0.60% -0.40% -0.20% Owner Occupied 14,661 34,725 54,380 Renter Occupied 11,574 31,497 45,924 Average Household Income (2020): $59,915 $61,317 $62,817 Households by Household Income (2020): <$25,000 7,215 18,668 27,871 $25,000 - $50,000 6,446 15,876 24,067 $50,000 - $75,000 5,234 12,885 19,290 $75,000 - $100,000 3,125 7,691 11,355 $100,000 - $125,000 1,868 4,766 7,204 $125,000 - $150,000 1,067 2,597 4,159 $150,000 - $200,000 796 2,059 3,482 $200,000+ 484 1,680 2,875 Median Household Income (2020): $47,649 $47,459 $47,752

Truist Bank 11 Market Overview City: Columbus | County: Muscogee | State: Georgia

Columbus, Georgia Columbus is a city located 100 miles south of Atlanta, the largest city in Georgia. Columbus is one of Georgia's three Fall Line Cities, along with Augusta and Macon. The Fall Line is where the hilly lands of the Piedmont plateau meet the flat terrain of the coastal plain. As such, Columbus has a varied landscape of rolling hills on the north side and flat plains on the south. Companies headquartered in Columbus include Aflac, TSYS, Realtree, Synovus, and the W. C. Bradley Co. Columbus is home to a few very popular museums, the Columbus museum which contains artifacts of regional history, the National Civil War Naval Museum, the Coca-Cola Space Science Center, which includes a planetarium, and the National Infantry Museum. In 2012 the Eagle & Phenix Dam was breached, restoring river flow to natural conditions allowing for Chattahoochee River white water rafting. The 2.5-mile course is the longest urban whitewater rafting and kayaking in the world and has been ranked as the world’s best manmade whitewater course by USA Today. The course also features a zip-line that connects users from the Georgia side of the river to the Alabama side.

Fort Benning supports more than 120,000 active-duty military, family members, reserve component soldiers, retirees, and civilian employees on a daily basis. It is a power projection platform and possesses the capability to deploy combat-ready forces by air, rail, and highway. Fort Benning is the home of the United States Army Maneuver Center of Excellence, the United States Army Armor School, United States Army Infantry School, the Western Hemisphere Institute for Security Cooperation , elements of the 75th Ranger Regiment, 3rd Brigade – 3rd Infantry Division, and many other additional tenant units.

Truist Bank 12 Glen Kunofsky Alexandre Marietto Kyle Karsian [email protected] [email protected] [email protected] 212.430.5115 212.430.5182 212.430.5130 NY: 10301203289 NY: 10401294047 NY: 10401321452

EXCLUSIVE NET LEASE OFFERING

GA Broker of Record: John Leonard 3491 Courtyard Way - Columbus, GA 31909 Marcus & Millichap License: 252904