CVS - PROSPECT, CT NET LEASE OPPORTUNITY Representative Photo Representative Photo Valvoline (Cincinnati MSA) 1321 S Breiel Blvd Middletown, OH 45044 Jimmy Goodman |Partner Andrew Clifford |7D Commercial RE 847.562.8500 www.bouldergroup.com 317.759.0070 [email protected] [email protected] CVS - PROSPECT, CT NET LEASE OPPORTUNITY 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 The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder 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. The Boulder Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has The Boulder 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. Representative Photo Representative Photo Jimmy Goodman |Partner Andrew Clifford |7D Commercial RE 847.562.8500 www.bouldergroup.com 317.759.0070 [email protected] [email protected] CVS - PROSPECT, CT NET LEASE OPPORTUNITY Representative Photo Representative Photo 1321 S Breiel Blvd, Middletown, OH 45044 The Boulder Group is pleased to exclusively market for sale a single tenant net leased Valvoline property located within the Cincinnati MSA. The Valvoline property is positioned just off of a heavily trafficked signalized intersection and is located approximately two miles west from Interstate 75. The property is benefitted from its location within a dominant retail corridor that features Walmart Supercenter, Lowe’s, Meijer, Kroger, Chase Bank, CVS, Walgreens, Kohl’s, Sears, Big Lots, Save-A-Lot, McDonald’s, and others. The surrounding areas is densely populated with approximately 50,000 people living within a three mile radius. There are approximately 9 years remaining on the Valvoline lease which expires February 1, 2025. The absolute triple net lease features 1.5% annual rental escalations and three 5-year renewal options. Valvoline is a subsidiary of Ashland Inc., an American Fortune 500 company with a market cap in excess of $6 billion. The tenant is Miami Oil Company, a franchisee with 3 locations. Jimmy Goodman |Partner Andrew Clifford |7D Commercial RE 847.562.8500 www.bouldergroup.com 317.759.0070 [email protected] [email protected] CVS - PROSPECT, CT NET LEASE OPPORTUNITY Representative Photo Representative Photo Price: $423,265 Tenant: Miami Oil Company D/B/A Valvoline Cap Rate: 7.75% Lease Commencement: February 1, 2010 Building Size: 2,766 SF Lease Expiration: February 1, 2025 Land Size: 0.37 AC Net Operating Income: $32,803 Year Built: 1987 Rental Escalations: 1.5% Annually Lease Type: Absolute Triple Net Renewal Options: Three 5-Year Jimmy Goodman |Partner Andrew Clifford |7D Commercial RE 847.562.8500 www.bouldergroup.com 317.759.0070 [email protected] [email protected] Located within the Cincinnati MSA Positioned approximately two miles west of I-75 (93,000 Approximately 9 years remaining VPD) 1.5% annual rental escalations The property is benefitted from its’ location within a No landlord responsibilities dominant retail corridor that features Walmart Supercenter, Approximately 50,000 people living within a three mile Lowe’s, Meijer, Kroger, Chase, CVS, Walgreens, US Bank, radius of the property Sears, Big Lots, Save-A-Lot, Sears and McDonald’s. Positioned just off of a heavily trafficked signalized intersection 1-MILE 3-MILE 5-MILE Population: 11,437 47,551 79,164 Total Households 5,016 19,922 31,718 Avg. Household Income: $45,960 $51,938 $57,523 Jimmy Goodman |Partner Andrew Clifford |7D Commercial RE 847.562.8500 www.bouldergroup.com 317.759.0070 [email protected] [email protected] Roosevelt Blvd Jimmy Goodman |Partner Andrew Clifford |7D Commercial RE 847.562.8500 www.bouldergroup.com 317.759.0070 [email protected] [email protected] Valvoline, founded in 1924, is the quick, easy, and trusted choice for drive thru oil changes and maintenance services to help avoid costly and inconvenient breakdowns. Valvoline is the second largest quick lube business in America and is a subsidiary of Ashland Inc. (NYSE: ASH) which has a market cap in excess of $6 billion. The lease is guaranteed by Miami Oil Company. Miami Oil Company is a 3 unit franchisee that serves the Dayton and Miami Valley Area. Website: www.valvoline.com Number of Locations: 930+ Parent Company: Ashland Inc. (S&P: BB) 2012 Revenue: $8.206 billion Jimmy Goodman |Partner Andrew Clifford |7D Commercial RE 847.562.8500 www.bouldergroup.com 317.759.0070 [email protected] [email protected] Middletown is a city located in Butler and Warren counties in the southwestern part of Ohio. The population of Middletown as of the 2010 census was 48,694. It is part of the Cincinnati- Middletown Metropolitan Statistical Area. Middletown is roughly situated half way between Dayton and Cincinnati which how historians state the city received its name. Interstate 75 serves as the primary north-south thoroughfare connecting Cincinnati to Dayton and northern Ohio. Middletown is also home to a regional campus of Miami University (3000 students). Cincinnati is located on the north side of the confluence of the Licking with the Ohio River. The Latter forms the border between the States of Ohio and Kentucky. Cincinnati is the third largest city in Ohio and the 65th-largest city in the United States with a population of 296,945 people at the 2010 census. The larger Cincinnati metropolitan area had a popula- tion of 2,214,954 in 2010, making it the 28th-largest Metropolitan Statistical Area in the United States and the largest centered in Ohio. Cincinnati is home to two major sports teams, the Cincinnati Reds and the Cincinnati Bengals. Cincinnati is also home to 10 Fortune 500 companies including Procter and Gamble, Macy’s, and Kroger. Jimmy Goodman |Partner Andrew Clifford |7D Commercial RE 847.562.8500 www.bouldergroup.com 317.759.0070 [email protected] [email protected] .