Vigouroux Marketplace 9948 Airport Boulevard Mobile, AL 36608 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY

Vigouroux Marketplace 9948 Airport Boulevard Mobile, AL 36608 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY:

CLIFTON MCCRORY MICHAEL SMITH CHRIS SANDS Lic. # 99847 Lic. # 305786 Lic. # 93103 540.255.5496 | DIRECT 704.315.5044 | DIRECT 310.870.3282 | DIRECT [email protected] [email protected] [email protected]

238 Mathis Ferry Rd, Suite 102 Mount Pleasant, SC 29464 www.SIGnnn.com

In Cooperation with BoR: Andrew Ackerman Lic. #C0001099750 3 SANDS INVESTMENT GROUP TABLE OF CONTENTS

04 06 15 19 21

INVESTMENT OVERVIEW LEASE ABSTRACT PROPERTY OVERVIEW AREA OVERVIEW TENANT OVERVIEW Investment Summary Lease Summaries & Rent Roll Property Images City Overview Tenant Profiles Investment Highlights Cash Flow & Assumptions Location, Aerial & Retail Maps Demographics

© 2020 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum’, has been obtained from sources believed to be reliable. Sands Investment Group does not doubt its accuracy; however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine its accuracy and completeness. Any and all projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these projections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction. ACTUAL PROPERTY IMAGES INVESTMENT SUMMARY 4 Sands Investment Group is Pleased to Present Exclusively For Sale the 66, 125 SF Vigouroux Marketplace Located at 9948 Airport Boulevard in Mobile, AL. The Property is Stabilized With Many Long- Term Tenants Who Have Been There For Over 10 Years, With the Anchor and Junior Anchor Being There Since 1997. The Center Features National Tenants Including: Winn- Dixie, Little Caesars, Edward Jones, Subway and Walgreens. This Opportunity Provides a Steady Income For Years to Come and Rent Bumps This Year and Next. Mobile is the 3 rd Most Populated City in Alabama With Over 600, 000 Residents in the MSA.

OFFERING SUMMARY

PRICE $8,818,945

CAP 7.30%

NOI $643,783

PRICE PER SF $133.37

GUARANTOR Corporate

PROPERTY SUMMARY

ADDRESS 9948 Airport Boulevard Mobile, AL 36608 COUNTY Mobile BUILDING AREA 66,125 SF LAND AREA 10.09 AC BUILT 1997 VIGOUROUX MARKETPLACE 5 HIGHLIGHTS

§ Winn-Dixie Has Had Strong Sales of Over $17,000,000 § This Property is the Closest National Grocery Store to Over The Past 6 Years With a Rent-To-Sales Ratio of the Nearby Big Creek Lake, Which Offers Boating, 2.26% Fishing, Hiking and Camping

§ Long Term Operating History – Winn-Dixie Has Been § Limited Competition – Nearest Grocery Store is Over 3- the Anchor Tenant Since the Property Was Developed Miles Away in 1997

§ Excellent Location – Located at the Intersection of § Strong Tenant Mix – the Shopping Center Includes the Airport Boulevard and Snow Road, Which Sees Over Following National Tenants: Walgreens, Little Caesars, 25,000 Vehicles Per Day Subway, Herbalife and Edward Jones, Along With Local Tenants § Great Demographics – the Population Within a 3-Mile Radius is Close to 21,000 Residents § Easy Access – Includes Multiple Points of Entry on Airport Boulevard and Snow Road § Other National Retailers Nearby Include: McDonald’s, O’Reilly Auto Parts, Shell, Circle K, Regions Bank, § The Shopping Center Averages Close to 4,500 Visits Exxon, Whataburger, Compass Urgent Care and More Per Month ACTUAL PROPERTY IMAGE LEASE SUMMARY6

TENANT Winn-Dixie

PREMISES A Premise of Approximately 44,000 SF

LEASE COMMENCEMENT September 12, 1996

LEASE EXPIRATION July 14, 2027

LEASE TERM 7 Years Remaining

RENEWAL OPTIONS 5 x 5 Years

RENT INCREASES 2.85% Increase February 1, 2024

LEASE TYPE Triple Net (NNN)

PERMITTED USE Grocery Store

PROPERTY TAXES Tenant’s Responsibility

INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Landlord’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility

UTILITIES Tenant’s Responsibility

RIGHT OF FIRST REFUSAL No ACTUAL PROPERTY IMAGE LEASE SUMMARY LEASE SUMMARY 7

TENANT Walgreens (Former Rite Aid) TENANT Best Nails

PREMISES A Premise of Approximately 10,125 SF PREMISES A Premise of Approximately 1,200 SF

LEASE COMMENCEMENT July 1, 1997 LEASE COMMENCEMENT July 1, 2009

LEASE EXPIRATION July 16, 2022 LEASE EXPIRATION August 31, 2025

LEASE TERM 2 Years Remaining LEASE TERM 5+ Years Remaining

RENEWAL OPTIONS 3 x 5 Years RENEWAL OPTIONS None

RENT INCREASES At Options RENT INCREASES 4% Increase September 1, 2021

LEASE TYPE Triple Net (NNN) LEASE TYPE Triple Net (NNN)

PERMITTED USE Drugstore PERMITTED USE Retail

PROPERTY TAXES Tenant’s Responsibility PROPERTY TAXES Tenant’s Responsibility

INSURANCE Tenant’s Responsibility INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Landlord’s Responsibility ROOF & STRUCTURE Landlord’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility HVAC Tenant’s Responsibility

UTILITIES Tenant’s Responsibility UTILITIES Tenant’s Responsibility

RIGHT OF FIRST REFUSAL No RIGHT OF FIRST REFUSAL No ACTUAL PROPERTY IMAGE LEASE SUMMARY LEASE SUMMARY 8

TENANT Divine Design TENANT Edward Jones

PREMISES A Premise of Approximately 1,200 SF PREMISES A Premise of Approximately 1,200 SF

LEASE COMMENCEMENT August 4, 2017 LEASE COMMENCEMENT October 1, 2011

LEASE EXPIRATION September 30, 2020 LEASE EXPIRATION September 30, 2021

LEASE TERM 2 Months Remaining LEASE TERM 1+ Year Remaining 2 x 2 Years 1 x 5 Year RENEWAL OPTIONS (1st Option Starts October 1, 2020) RENEWAL OPTIONS

RENT INCREASES At Options RENT INCREASES 7.41% Increase October 1, 2020

LEASE TYPE Triple Net (NNN) LEASE TYPE Triple Net (NNN)

PERMITTED USE Retail PERMITTED USE Financial Services

PROPERTY TAXES Tenant’s Responsibility PROPERTY TAXES Tenant’s Responsibility

INSURANCE Tenant’s Responsibility INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Landlord’s Responsibility ROOF & STRUCTURE Landlord’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility HVAC Tenant’s Responsibility

UTILITIES Tenant’s Responsibility UTILITIES Tenant’s Responsibility

RIGHT OF FIRST REFUSAL No RIGHT OF FIRST REFUSAL No ACTUAL PROPERTY IMAGE LEASE SUMMARY LEASE SUMMARY 9

TENANT Herbalife TENANT Little Caesars

PREMISES A Premise of Approximately 1,200 SF PREMISES A Premise of Approximately 1,200 SF

LEASE COMMENCEMENT June 1, 2020 LEASE COMMENCEMENT January 1, 2011

LEASE EXPIRATION August 31, 2023 LEASE EXPIRATION May 22, 2023

LEASE TERM 3+ Years Remaining LEASE TERM ~3 Years Remaining

RENEWAL OPTIONS 1 x 2 Year RENEWAL OPTIONS None

RENT INCREASES At Options RENT INCREASES At Options

LEASE TYPE Triple Net (NNN) LEASE TYPE Triple Net (NNN)

PERMITTED USE Retail PERMITTED USE Quick Service Restaurant

PROPERTY TAXES Tenant’s Responsibility PROPERTY TAXES Tenant’s Responsibility

INSURANCE Tenant’s Responsibility INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Landlord’s Responsibility ROOF & STRUCTURE Landlord’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility HVAC Tenant’s Responsibility

UTILITIES Tenant’s Responsibility UTILITIES Tenant’s Responsibility

RIGHT OF FIRST REFUSAL No RIGHT OF FIRST REFUSAL No ACTUAL PROPERTY IMAGE LEASE SUMMARY LEASE SUMMARY 10

TENANT Panda King TENANT Subway

PREMISES A Premise of Approximately 1,200 SF PREMISES A Premise of Approximately 1,200 SF

LEASE COMMENCEMENT October 15, 2011 LEASE COMMENCEMENT March 4, 2003

LEASE EXPIRATION October 14, 2021 LEASE EXPIRATION April 30, 2023

LEASE TERM 1+ Year Remaining LEASE TERM ~3 Years Remaining

RENEWAL OPTIONS None RENEWAL OPTIONS None

RENT INCREASES None RENT INCREASES None

LEASE TYPE Triple Net (NNN) LEASE TYPE Triple Net (NNN)

PERMITTED USE Quick Service Restaurant PERMITTED USE Quick Service Restaurant

PROPERTY TAXES Tenant’s Responsibility PROPERTY TAXES Tenant’s Responsibility

INSURANCE Tenant’s Responsibility INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Landlord’s Responsibility ROOF & STRUCTURE Landlord’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility HVAC Tenant’s Responsibility

UTILITIES Tenant’s Responsibility UTILITIES Tenant’s Responsibility

RIGHT OF FIRST REFUSAL No RIGHT OF FIRST REFUSAL No ACTUAL PROPERTY IMAGE LEASE SUMMARY LEASE SUMMARY 11

TENANT Chic Jolie TENANT Master Lease

PREMISES A Premise of Approximately 1,200 SF PREMISES A Premise of Approximately 2,400 SF

LEASE COMMENCEMENT November 1, 2018 LEASE COMMENCEMENT September 1, 2020

LEASE EXPIRATION October 21, 2023 LEASE EXPIRATION August 31, 2022

LEASE TERM 3+ Years Remaining LEASE TERM 2+ Years Remaining

RENEWAL OPTIONS 2 x 2 Years RENEWAL OPTIONS None

RENT INCREASES 3.7% Increase November 1, 2020 RENT INCREASES None

LEASE TYPE Triple Net (NNN) LEASE TYPE Triple Net (NNN)

PERMITTED USE Retail PERMITTED USE Retail

PROPERTY TAXES Tenant’s Responsibility PROPERTY TAXES Tenant’s Responsibility

INSURANCE Tenant’s Responsibility INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Landlord’s Responsibility ROOF & STRUCTURE Landlord’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility HVAC Tenant’s Responsibility

UTILITIES Tenant’s Responsibility UTILITIES Tenant’s Responsibility

RIGHT OF FIRST REFUSAL No RIGHT OF FIRST REFUSAL No RENT ROLL 12 Rent Roll as of July 2020 LEASE TERM AMOUNT EXPENSE REIMBURSEMENTS SQUARE % UNIT # TENANT NAME FEET OF TOTAL BEGIN END OPTIONS BEGIN PSF ANNUAL METHOD 6 Best Nails 1,200 SF 1.81% 07/01/2009 08/31/2025 (1) 2 Year Option Current $12.50 $15,000 CAM: Pro Rata + 15% 09/01/2021 $13.00 $15,600 TAX: Pro Rata INS: Pro Rata MGT: Pro Rata

9 Divine Design 1,200 SF 1.81% 08/04/2017 09/31/2020* (2) 2 Year Options Current $14.00 $16,800 CAM: Pro Rata + 15% Option I $16.00 $19,200 TAX: Pro Rata Option II $17.00 $20,400 INS: Pro Rata *1st Option Starts 10/01/2020 MGT: Pro Rata

1 Edward Jones 1,200 SF 1.81% 10/01/2011 09/30/2021 (1) 5 Year Option Current $13.50 $16,200 CAM: Pro Rata + 10% 10/01/2020 $14.50 $17,400 TAX: Pro Rata Option I FMV INS: Pro Rata MGT: Pro Rata

7 Herbalife 1,200 SF 1.81% 06/01/2020 08/31/2023 (1) 2 Year Option Current $0.00 $0 CAM: Pro Rata + 15% 09/01/2020 $15.00 $18,000 TAX: Pro Rata Option $16.00 $19,200 INS: Pro Rata MGT: Pro Rata

4 Little Caesars 1,200 SF 1.81% 01/01/2011 05/22/2023 (2) 5 Year Options Current $13.50 $16,200 CAM: Pro Rata + 15% Option 1 TAX: Pro Rata Option 2 INS: Pro Rata MGT: Pro Rata 5 Panda King 1,200 SF 1.81% 10/15/2011 10/14/2021 None Current $14.00 $16,800 CAM: Pro Rata + 15% TAX: Pro Rata INS: Pro Rata MGT: Pro Rata 11 Walgreens 10,125 SF 15.31% 07/01/1997 07/16/2022 (3) 5 Year Options Current $7.65 $77,457 CAM: Pro Rata Option II $8.50 $86,063 TAX: Pro Rata Option III $8.50 $86,063 INS: Pro Rata Option IV $8.50 $86,063 MGT: Pro Rata 10 Subway 1,200 SF 1.81% 03/04/2003 04/30/2023 None Current $14.00 $16,800 CAM: $3,000 TAX: Pro Rata INS: Pro Rata MGT: Pro Rata 12 Winn-Dixie 44,000 SF 66.54% 09/12/1996 07/14/2027 (5) 5 Year Options Current $9.18 $404,000 CAM: Pro Rata 02/01/2024 $9.44 $415,525 TAX: Pro Rata Option I-V $8.75 $385,000 INS: Pro Rata MGT: Pro Rata 8 Chic Jolie 1,200 SF 1.81% 11/01/2018 10/21/2023 (2) 2 Year Options Current $13.50 $16,200 CAM: Pro Rata + 15% 11/01/2020 $14.00 $16,800 TAX: Pro Rata Option I $15.00 $18,000 INS: Pro Rata Option II $16.00 $19,200 MGT: Pro Rata 2 & 3 Master Lease 2,400 SF 3.63% 09/01/2020 08/31/2022 None Current $14.00 $33,600 CAM: Pro Rata TAX: Pro Rata INS: Pro Rata MGT: Pro Rata TOTAL SF 66,125 SF TOTAL CURRENT RENT (09/01/2020) $647,057 Per Year LEASED AREA 66,125 SF 100% $53,921.39 Per Month CASH FLOW 13

Analysis Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 For Years Ending $/SF/YR 1 Aug-21 Aug-22 Aug-23 Aug-24 Aug-25 Aug-26 Aug-27 Aug-28 Aug-29 Aug-30

Potential Gross Revenue Base Rental Revenue 649,276 652,595 665,117 677,457 683,236 689,935 692,411 671,512 679,790 685,062 Absorption & Turnover Vacancy - (2,233) (8,912) - (3,151) (6,492) (6,687) (10,331) - (3,653) Scheduled Base Rental Revenue $9.82 649,276 650,363 656,205 677,457 680,085 683,443 685,724 661,181 679,790 681,409

Expense Reimbursement Revenue Total Expense Recoveries 164,445 168,719 172,583 179,371 183,894 188,128 193,531 198,710 206,538 212,093 Total Reimbursement Revenue $2.49 164,445 168,719 172,583 179,371 183,894 188,128 193,531 198,710 206,538 212,093

Other Revenue Recycling 2,613 ------Total Reimbursement Revenue $0.04 2,613 ------

Total Potential Gross Income 816,335 819,082 828,788 856,828 863,979 871,570 879,254 859,891 886,328 893,502 Vacancy & Credit Loss 5.00% (10,099) (8,475) (6,942) (10,744) (9,034) (9,334) (7,701) (7,895) (12,341) (10,552) Effective Gross Revenue $17.46 806,235 810,608 821,846 846,084 854,946 862,237 871,554 851,996 873,987 882,950

Operating Expenses CAM 83,134 85,628 88,197 90,843 93,568 96,375 99,266 102,244 105,312 108,471 Insurance 20,757 21,380 22,021 22,682 23,362 24,063 24,785 25,528 26,294 27,083 Real Estate Taxes 58,561 60,318 62,127 63,991 65,911 67,888 69,925 72,023 74,183 76,409 Total Operating Expenses $2.46 162,452 167,326 172,345 177,516 182,841 188,326 193,976 199,795 205,789 211,963

Net Operating Income (NOI) $9.74 643,783 643,282 649,501 668,568 672,104 673,910 677,577 652,201 668,198 670,987

Leasing & Capital Costs Tenant Improvements - 1,545 4,774 - 1,688 3,478 3,582 3,690 1,900 1,957 Leasing Commissions - 2,379 7,352 - 2,600 5,356 5,517 5,682 2,926 3,014 Capital Reserves 9,919 9,919 9,919 9,919 9,919 9,919 9,919 9,919 9,919 9,919 Total Leasing & Capital Costs 9,919 13,843 22,045 9,919 14,207 18,752 19,017 19,290 14,745 14,890

Cash Flow Before Debt Service 633,864 629,439 627,456 658,650 657,898 655,158 658,560 632,910 653,453 656,097 ACTUAL PROPERTY IMAGE

PROPERTY ASSUMPTIONS 14

PROPERTY ASSUMPTIONS Analysis Period Commencement Date September 1, 2020 End Date August 30, 2030 Term 10 Years

Area Measures Total Owned 66,125 SF Available Space 0 SF % Leased 100.0% General Vacancy & Credit Loss (excl. Anchors) 5.00% General Inflation 3.00% Management Fee (% of EGR) Not Included 0.00% Capital Reserves per SF $0.15 Operating Expense Source 2019 HR Mobile Partners CAM Rec Property Tax Source 2019 HR Mobile Partners CAM Rec

MARKET LEASING Anchors Drug Store/Jr Anchor Strip Space Retention Ratio 75% 75% 75% Term 10 Years 10 Years 5 Years Market Rent per SF $9.50 $8.00 $14.00 Rent Increases 5% in Year 6 5% in Year 6 3.0% Annual Expense Recovery Type NNN NNN NNN

Tenant Improvements New $10.00 Per SF $10.00 Per SF $5.00 Per SF Renewal $0.00 Per SF $0.00 Per SF $0.00 Per SF Downtime New 12 Months 12 Months 6 Months Renewal 0 Months 0 Months 0 Months

NOTES (1) All Tenants Are Projected to Exercise All Their Available Options (2) Per the Existing Expenses, No Management Fee was Added. Typically Would Add 3.0% (3) Excluded Anchors, Winn-Dixie and Walgreens From the Vacancy Factor ACTUAL PROPERTY IMAGES

15 16

MOBILE

VIGOUROUX MARKETPLACE 17

VIGOUROUX MARKETPLACE

Airport Blvd Snow Rd N Snow Rd N 18

VIGOUROUX MARKETPLACE

Airport Blvd MOBILE, AL MOBILE | MOBILE COUNTY | ALABAMA 19 Mobile is the county seat of Mobile County in Alabama. The population within the city limits was 192,085 residents as of the 2019 estimate census, making it the third most populous city in Alabama, the most populous in Mobile County, and the largest municipality on the Gulf Coast. Alabama's only saltwater port, Mobile is located on the Mobile River at the head of the Mobile Bay and the north- central Gulf Coast. The Port of Mobile has always played a key role in the economic health of the city; it is currently the 12th- largest port in the United States. Mobile is the principal municipality of the Mobile metropolitan area. This region of 413,757 residents is composed solely of Mobile County; it is the third- largest metropolitan statistical area in the state. Mobile is the largest city in the Mobile- Daphne−Fairhope CSA, with a total population of 631,779, the second largest in the state.

Aerospace, steel, ship building, retail, services, construction, medicine, and manufacturing are Mobile's major industries. Defunct companies that had been founded or based in Mobile included Alabama Drydock and Shipbuilding Company, Delchamps, and Gayfers. Current companies that were formerly based in the city include Checkers, Minolta- QMS, Morrison's, and the Waterman Steamship Corporation. The city’s port greatly affects the economy. Mobile's Alabama State Docks underwent the largest expansion in its history in the early 21st century.

Mobile is a city rich with history and culture. Mobile is a port city on Alabama’s Gulf Coast. The WWII- era USS Alabama battleship is anchored in Battleship Memorial Park. Floats, costumes and photos at the Mobile Carnival Museum illuminate the city’s centuries- old Mardi Gras tradition. The 1850 Cathedral Basilica of the Immaculate Conception features intricate German stained glass. International fine and decorative art is displayed at the Mobile Museum of Art. The city is also home to Forte Conde which is a fort with large cannons that face soaring skyscrapers. The interstate goes right under the fort. Visitors can walk through the fort and take in the rooms, all set up in their original way.

FORT CONDE MOBILE PORT Snow Rd N (12,055 VPD) 3 MILES 5 MILES 1020 MILES

POPULATION 20,814 60,259 212,396

AVERAGE HH $82,028 $77,614 $68,112 INCOME

(21,318 VPD)

Airport Blvd

BAKER (106,913 VPD) NEIGHBORHOOD

VIGOUROUX MARKETPLACE (95,978 VPD) TENANT PROFILES 21

WINN-DIXIE

JACKSONVILLE, FL LOCATIONS: 575+ | SUBSIDIARY

Founded in 1925, Winn-Dixie employs more than 45,000 associates who serve customers in approximately 575 grocery stores with a majority having in-store pharmacies throughout the five Southeastern states of Alabama, Florida, Georgia, Louisiana and Mississippi. Winn-Dixie targets the value shopper looking for a convenient, local, full-service grocer offering very competitive prices. Winn-Dixie’s parent company, Southeastern Grocers, LLC is the fifth largest conventional supermarket chain in the U.S. and the second-largest conventional supermarket in the southeast based on store count. As of May 28, 2018 Southeastern Grocers, LLC successfully completed its financial restructuring and emerged from Chapter 11. They transformed their financial profile and beefed up their balance sheet by lowering overall debt levels by about $600 million, including $522 million of debt exchanged for equity in the reorganized company while maintaining their strong liquidity position. In addition to Winn-Dixie, Southeastern Grocers operates the BI-LO, Harveys and Fresco y Mas banners. The company has 575 grocery stores with a majority having in-store pharmacies and 145 liquor stores throughout seven Southeastern states.

SUBWAY

BRIDGEPORT, CT LOCATIONS: 41,600+ | PRIVATE COMPANY

Subway is an American privately held fast food restaurant franchise that primarily sells submarine sandwiches and salads. In 1965, the founder Fred Deluca started the company as “Pete’s Super Submarines” in Bridgeport, Connecticut. In 1968, the sandwich shop was renamed "Subway". Since then, Subway has become one of the fastest-growing franchises in the world. As of 2019, the company has approximately 41,600 stores located in 112 countries. More than half of the stores are located in the United States. Outside North America, the countries with the most locations are Australia, Brazil and the United Kingdom. Subway's international headquarters are located in Milford, Connecticut, and the company also has 5 regional centers. Subway is the largest single- brand restaurant chain and the largest restaurant operator in the world. Since 2007, Subway has consistently ranked in Entrepreneur magazine’s “Top 500 Franchises list”. At the end of 2010, Subway became the largest fast food chain worldwide, beating McDonald’s and Burger King. TENANT PROFILES 22

WALGREENS

DEERFIELD, IL LOCATIONS: 18,500+ | SUBSIDIARY

Walgreens Boots Alliance (NASDAQ: WBA) is the first global pharmacy-led, health and wellbeing enterprise. The company's heritage of trusted health care services through community pharmacy care and pharmaceutical wholesaling dates back more than 100 years. Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the U.S. and Europe. Walgreens Boots Alliance and the companies in which it has equity method investments together have a presence in more than 25 countries and employ more than 415,000 people. The company is a global leader with more than 18,500 stores in 11 countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with more than 390 distribution centers delivering to more than 230,000 pharmacies, doctors, health centers and hospitals each year in more than 20 countries.

LITTLE CAESARS

DETROIT, MI LOCATIONS: 4,237+ | SUBSIDIARY

Little Caesars® is the largest carryout-only pizza chain and fastest growing pizza chain in America. Founded in 1959 as a single, family-owned restaurant, Little Caesars has become the third largest pizza chain in the world and today has stores in all 50 U.S. states, as well as 18 countries and territories worldwide. Known for its HOT-N-READY® pizza and famed Crazy Bread®, Little Caesars has been named “Best Value in America” for nine years in a row. An exceptionally high growth company with more than 57 years of experience in the nearly $135 billion worldwide pizza industry, Little Caesars is continually looking for franchisee candidates to join our team in markets around the world.

EDWARD JONES

ST. LOUIS, MO LOCATIONS: 14,000+ | PARTNERSHIP

Edward Jones is a financial service firm headquartered in Des Peres, Missouri. The company serves investment clients in the U.S. and Canada, through its branch network of more than 14,000 locations The company currently has relationships with nearly 7 million clients and $1 trillion in assets under management worldwide. The firm focuses solely on individual investors and small-business owners. Edward Jones is a subsidiary of The Jones Financial Companies, L.L.L.P., a limited liability limited partnership owned only by its employees and retired employees and is not publicly traded. With more than 14,000 branch offices in all 50 states, Edward Jones has more branch offices nationwide than any other brokerage firm in the country. In 1994, Edward Jones' Canadian affiliate opened its first branch office and today has nearly 600 branch locations. SANDS INVESTMENT GROUP 23 CONFIDENTIALITY AGREEMENT

The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the written consent of Sands Investment Group.

This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.

The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree that by accepting this Memorandum you agree to release Sands Investment Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property. ACTUAL PROPERTY IMAGES EXCLUSIVELY MARKETED BY: 24

CLIFTON MCCRORY MICHAEL SMITH CHRIS SANDS Lic. # 99847 Lic. # 305786 Lic. # 01387583 540.255.5496 | DIRECT 704.315.5044 | DIRECT 310.870.3282 | DIRECT [email protected] [email protected] [email protected] In Cooperation with BoR: Andrew Ackerman Lic. #C0001099750

Vigouroux Marketplace 9948 Airport Boulevard Mobile, AL 36608