Investment Grade Portfolio of 12 Corporate 7-Eleven Locations in the Cleveland MSA Walgreens and a Walgreens in Milwaukee, WI OFFERING MEMORANDUM Confidentiality and Disclaimer Walgreens Table of Contents Marcus & Millichap hereby advises all guarantee of future success. Similarly, the thorough due diligence investigation. prospective purchasers of Net Leased lease rate for some properties, including Marcus & Millichap has not made any Tenant Overview 3-4 property as follows: newly-constructed facilities or newly- investigation, and makes no warranty or acquired locations, may be set based on a representation, with respect to the income Investment Overview 5 The information contained in this tenant’s projected sales with little or no or expenses for the subject property, the Marketing Brochure has been obtained record of actual performance, or future projected financial performance of Investment Highlights 6-9 from sources we believe to be reliable. comparable rents for the area. Returns are the property, the size and square footage However, Marcus & Millichap has not and not guaranteed; the tenant and any of the property and improvements, the will not verify any of this information, nor guarantors may fail to pay the lease rent presence or absence of contaminating Market Overviews 10-11 has Marcus & Millichap conducted any or property taxes, or may fail to comply substances, PCB’s or asbestos, the investigation regarding these matters. with other material terms of the lease; compliance with State and Federal Property Summary 12 Marcus & Millichap makes no guarantee, cash flow may be interrupted in part or in regulations, the physical condition of the warranty or representation whatsoever whole due to market, economic, improvements thereon, or the financial Property Locations 13-14 about the accuracy or completeness of environmental or other conditions. condition or business prospects of any any information provided. Regardless of tenant history and lease tenant, or any tenant’s plans or intentions Property Overviews: guarantees, Buyer is responsible for to continue its occupancy of the subject As the Buyer of a net leased property, it is conducting his/her own investigation of all property. The information contained in this the Buyer’s responsibility to independently matters affecting the intrinsic value of the Marketing Brochure has been obtained Strongsville, OH 15-20 confirm the accuracy and completeness of property and the value of any long-term from sources we believe to be reliable; Stow, OH 21-26 all material information before completing lease, including the likelihood of locating a however, Marcus & Millichap has not any purchase. This Marketing Brochure is replacement tenant if the current tenant verified, and will not verify, any of the Willoughby, OH 27-32 not a substitute for your thorough due should default or abandon the property, information contained herein, nor has Mentor, OH 33-38 diligence investigation of this investment and the lease terms that Buyer may be Marcus & Millichap conducted any opportunity. Marcus & Millichap expressly able to negotiate with a potential investigation regarding these matters and Twinsburg, OH 39-44 denies any obligation to conduct a due replacement tenant considering the makes no warranty or representation Brunswick, OH 45-50 diligence examination of this Property for location of the property, and Buyer’s legal whatsoever regarding the accuracy or Buyer. ability to make alternate use of the completeness of the information provided. Willoughby Hills, OH 51-55 property. All potential buyers must take appropriate Cleveland, OH 57-62 Any projections, opinions, assumptions or By accepting this Marketing Brochure you measures to verify all of the information estimates used in this Marketing Brochure agree to release Marcus & Millichap Real set forth herein. Akron, OH 63-68 are for example only and do not represent Estate Investment Services and hold it Chagrin Falls, OH 69-74 the current or future performance of this harmless from any kind of claim, cost, NON-ENDORSEMENT NOTICE property. The value of a net leased expense, or liability arising out of your Streetsboro, OH 75-80 property to you depends on factors that investigation and/or purchase of this net Marcus & Millichap Real Estate Investment Painesville, OH 81-86 should be evaluated by you and your tax, leased property. Services, Inc. (“M&M”) is not affiliated with, financial and legal advisors. sponsored by, or endorsed by any Milwaukee, WI 87-92 CONFIDENTIALITY AND DISCLAIMER commercial tenant or lessee identified in Buyer and Buyer’s tax, financial, legal, and this marketing package. The presence of construction advisors should conduct a The information contained in the following any corporation’s logo or name is not careful, independent investigation of any Marketing Brochure is proprietary and intended to indicate or imply affiliation with, net leased property to determine to your strictly confidential. It is intended to be or sponsorship or endorsement by, said satisfaction with the suitability of the reviewed only by the party receiving it from corporation of M&M, its affiliates or property for your needs. Marcus & Millichap and should not be subsidiaries, or any agent, product, made available to any other person or service, or commercial listing of M&M, and Like all real estate investments, this entity without the written consent of is solely included for the purpose of OH Broker of Record WI Broker of Record investment carries significant risks. Buyer Marcus & Millichap. This Marketing providing tenant lessee information about Michael Glass Todd Lindblom and Buyer’s legal and financial advisors Brochure has been prepared to provide this listing to prospective customers. Marcus & Millichap Title: Regional Manager must request and carefully review all legal summary, unverified information to 5005 Rockside Road, Suite 1100 Marcus & Millichap and financial documents related to the prospective purchasers, and to establish ALL PROPERTY SHOWINGS ARE BY Independence, OH 44131 13890 Bishops Drive, Suite 300 property and tenant. While the tenant’s only a preliminary level of interest in the APPOINTMENT ONLY. PLEASE Tel: 216-264-2000 Brookfield, WI 53005 past performance at this or other locations subject property. The information CONSULT YOUR MARCUS & MILLICHAP Fax: 216-264-2010 Tel: (262) 364-1964 is an important consideration, it is not a contained herein is not a substitute for a AGENT FOR MORE DETAILS. License: BRK.2007005898 Fax: (262) 364-1910 License: 56163-90 Tenant Overview Company Profile 7-Eleven is the world’s largest convenience store chain 7-Eleven focuses on meeting the needs of convenience-oriented operating, franchising and licensing more than 60,000 stores in guests by providing a broad selection of fresh, high-quality products 18 countries, of which nearly 10,700 are in North America. and services at everyday fair prices, speedy transactions and a clean, 7-Eleven also is one of the nation's largest independent friendly shopping environment. Each store's selection of about 2,500 gasoline retailers. Its company’s name was changed from The different products and services is tailored to meet the needs and Southland Corporation to 7-Eleven, Inc. after approval by preferences of local guests. Stores typically vary in size from 2,400 to shareholders on April 28, 1999. Founded in 1927 in Dallas, 3,000 square feet and are most often located on corners for great Texas, 7-Eleven pioneered the convenience store concept visibility and easy access. Well known for the Big Gulp® fountain soft during its first years of operation as an ice company when its drink, Big Bite® grill items, the Slurpee® beverage and its fresh-brewed retail outlets began selling milk, bread and eggs as a coffee, 7-Eleven’s food service offerings bring guests a proprietary line convenience to guests. The name 7-Eleven originated in 1946 of prepared-fresh-daily and daily delivered deli sandwiches, wraps, when the stores were open from 7 a.m. to 11 p.m. Today, breakfast sandwiches and a wide assortment fruits, salads and baked offering busy shoppers 24-hour convenience, seven days a goods. week is the cornerstone of 7-Eleven's business. 7-Eleven/Walgreens Portfolio 3 Tenant Overview Walgreens Company Profile Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health and wellbeing enterprise. The company was created through the combination of Walgreens and Alliance Boots in December 2014, bringing together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted health care services through pharmaceutical wholesaling and community pharmacy care, dating 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 385,000* people. The Company is a global leader in pharmacy-led, health and wellbeing retail and, together with the companies in which it has equity method investments, has more than 13,200 stores in 11countries 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. In addition, Walgreens Boots Alliance is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products. The company's portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as increasingly global health and beauty product brands, such as No7, Botanics, Liz Earle and Soap & Glory. In October 2016 Walgreens Boots Alliance received the United Nations Foundation Global Leadership Award for its commitment to the UN's Sustainable Development Goals. The company also ranks No. 1 in the Food and Drug Stores industry of Fortune magazine’s 2017 list of the World’s Most Admired Companies.