Olive Garden Alcoa, Tennessee Absolute NNN Corporate Lease with 10+ Years Remaining $2,377,069 Actual Location Investment Highlights •Original 15 year lease with 10+ years remaining •Strong store sales, very low rent to sales ratio •Absolute NNN lease – no landlord responsibilities •Corporate lease - tenant is GMRI, Inc., wholly owned by Darden Restaurants, Inc. with BBB credit rating (S&P) •Stable rent growth with annual 1.0% rent increases Jared Meyers •Frontage on Highway 115 with AADT of 37,899 Sage Capital Partners •Busy shopping center surrounded by national tenants and big box o: 801-438-0018 retailers, including: Walmart, Lowe’s, Dick’s Sporting Goods, Petsmart, c: 801-787-3981 Michaels, Ross, Old Navy, Aldi, Office Depot, Dollar Tree, Shoe [email protected] Carnival, and more Adam Slutzky •72,955 residents and $69,791 ave household income within 5 miles License: TN 301797 •Positive population and income growth trends Sage Capital Partners | 2265 East Murray Holladay Road | Salt Lake City, Utah 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. It is the Buyer’s responsibility to verify the information and the Buyer will bear all risks of any inaccuracies. This offering is subject to change of conditions or terms, prior sale or withdrawal from the market without notice. Property Photos - Strong Store Sales Jared Meyers 801-438-0018 [email protected] Investment Summary Property Address: 244 Hamilton Crossing Drive, Alcoa, Tennessee Price: $2,377,069 Cap Rate: 5.00% Land Size: 2.10 Acres Building Size: 7,561 Square Feet Year Built: 2009 Lease Term: 15 Years (10+ Years Remaining) Primary Lease Start and End Dates: July 1, 2015 – June 30, 2030 Current Rent: $118,853.47 (July 2020) Lease Type: Absolute NNN – No Landlord Responsibilities Rent Increases: 1.0% Annually Lease Options: Five 5 Year Option Periods Lease Guarantor: GMRI, Inc., wholly owned by Darden Restaurants, Inc. Tenant ROFR: Yes – 20 Days to Respond after Notification Jared Meyers 801-438-0018 [email protected] Rent Schedule Rent Period Start Rent Period End Annual Rent Cap Rate 7/1/2020 (Current) 6/30/2021 $118,853.47 5.00% 7/1/2021 6/30/2022 $120,042.01 5.05% 7/1/2022 6/30/2023 $121,242.43 5.10% 7/1/2023 6/30/2024 $122,454.85 5.15% 7/1/2024 6/30/2025 $123,679.40 5.20% 7/1/2025 6/30/2026 $124,916.19 5.26% 7/1/2026 6/30/2027 $126,165.35 5.31% 7/1/2027 6/30/2028 $127,427.01 5.36% 7/1/2028 6/30/2029 $128,701.28 5.41% 7/1/2029 6/30/2030 $129,988.29 5.47% Jared Meyers 801-438-0018 [email protected] Surrounding Tenants and Businesses Jared Meyers 801-438-0018 [email protected] Surrounding Tenants and Businesses Jared Meyers 801-438-0018 [email protected] Surrounding Tenants and Businesses Jared Meyers 801-438-0018 [email protected] Property Photos Jared Meyers 801-438-0018 [email protected] Property Photos Jared Meyers 801-438-0018 [email protected] Alcoa-Maryville, Tennessee Alcoa/Maryville city is located south of Knoxville and serves as the county seat for Blount County, Tennessee. The city has received a number of accolades for its quality of life. It is included in the Knoxville Metropolitan Area and a short distance from popular tourist destinations such as the Great Smoky Mountains National Park, Dollywood, Gatlinburg, and Pigeon Forge. Blount County is one of the oldest counties in Tennessee having been first settled in 1785. Lumbering was the first primary industrial trade in the county, which has been replaced over time with manufacturing. Today, Blount County contains over 100 manufacturing plants. Businesses and Industries continue to find Blount County an attractive place to do business. Below are the top 5 employers in the area: Employer Number of Employees Denso Corporation 3,000 Clayton Homes(Owned by Berkshire Hathaway) 2,820 Blount Memorial Hospital 2,130 Blount County Schools 1,600 Alcoa, Inc. 1,207 Jared Meyers 801-438-0018 [email protected] Darden Restaurants, Inc. Darden Restaurants, Inc. is a full-service restaurant company which operates over 1,785 restaurants through subsidiaries in the United States and Canada under the Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V’s Prime Seafood trademarks. The company served nearly 395 million meals in fiscal year 2019. In addition to its 1,785 corporate-operated restaurants, the company has 70 franchisee-operated restaurants. Darden Restaurants, Inc. is a Florida corporation incorporated in 1995, and is the parent company of GMRI, Inc., also a Florida corporation. GMRI, Inc. and other subsidiaries own and operate all of the company’s corporate-operated restaurants. GMRI, Inc. was originally incorporated in March 1968 as Red Lobster Inns of America, Inc. The company is currently rated BBB (S&P) and reported revenues of over $8.51B in 2019, which was up from $8.08B in 2018. Darden Restaurants, Inc. Number of Corporate Operated Restaurants 1,785 2019 Revenue $8.51+ Billion Standard & Poor’s Credit Rating BBB Employees 185,000 Website: www.Darden.com Jared Meyers 801-438-0018 [email protected] Demographics Jared Meyers 801-438-0018 [email protected] Contact Information Jared Meyers 2265 East Murray Holladay Road Salt Lake City, Utah o: 801-438-0018 c: 801-787-3981 [email protected] License: UT 5722105-PB00 Listed in cooperation with: Adam Slutzky License: TN 301797 .