Offering Memorandum Visit our website swpropertyadvisors.com OLD TIME POTTERY 3001 Highway 31 Pelham, Alabama 35124 INVESTMENT HIGHLIGHTS Old Time Pottery 3001 Highway 31, Pelham, Alabama 35124 Tenant is Operating Under a Double-Net Lease | Minimal Landlord Responsibility Price $3,878,550 Tenant Recently Exercised Five-Year Option | Cap Rate 10.00% Exercised Second Option NOI $387,855 Gross Leasable Area 91,260 SF 15 Years of Operating History Year Built 1982 Lot Size 7.20 Acres +/- Replaceable Rents at $4.25 per Square Foot Parcel Number 136132001009003 Recent Upgrades to Property Include Parking Lot Type of Ownership Fee Simple and HVAC System Parking 354 Spaces +/- Tenant Located in 11 States with 43 Locations LEASE SUMMARY Located on Heavily Traveled Highway 31 | 30,400 Lease Type NN Vehicles per Day Lease Guarantor Old Time Pottery, Inc Roof & Structure Landlord High Visibility | 900 Feet of Frontage Lease Term 5 Years 1.5 Miles From Interstate 65 | 98,000 Plus Vehicles Rent Commencement 9/1/2003 per Day Rent Increase 4/30/2024 Lease Expiration One, Five Year Option Remaining Notable Local Retailers Include The Home Depot, Options None Harbor Freight Tools, Dollar General, Waffle House, Option to Terminate No Burger King and O’Reilly Auto Parts Option to Purchase No RENT SCHEDULE Term Period Annual Rent Rent/SF NN Base Current $387,855 $4.25 Option 3 5/1/2024 $410,670 $4.50 Notes: N/A Double-Net National Heavily Highly Lease Tenant Traveled Visible LEASE ABSTRACT Responsible Party Notes Roof Landlord Approximately 12 Years Old Structure Landlord Parking Lot Landlord Recently Updated HVAC Landlord Recently Updated Taxes Tenant Paid as additional rent Insurance Tenant Paid as additional rent CAM Tenant Paid as additional rent TENANT OVERVIEW Retailer of Discounted Home Decor Products (Bed, Kitchen and Bath) Tenant Old Time Pottery 43 Stores Located 11 States Guarantor Old Time Pottery, Inc. Privately Held Company Number of Locations 43 Stores Average Two Acres in Size Founded in 1986 oldtimepottery.com Headquartered in Murfreesboro, Tennessee OLD TIME POTTERY Headquartered in Murfreesboro, Tennessee, Old Time Pottery is a leading discount retailer of home decor products with 43 stores in 11 states throughout the Southeast and Midwest. It has stores in Alabama, Florida, Georgia, Illinois, Tennessee, South Carolina, Indiana, Missouri, North Carolina, Oklahoma, and Ohio. Since its founding in 1986, Old Time Pottery has offered customers a broad selection of products, a differentiated shopping experience, and a compelling customer value proposition. Old Time Pottery, Incorporated engages in the retail of home decor products. It offers home décor products, including candles and candle holders, decorative accessories, frames and albums, furniture, lighting products, rugs, wall décor products window treatments and drapery, and decorative pillows; dining and entertaining products, such as dinnerware, drinkware, flatware, serve ware, and table linens; kitchen products, including cookware and bakeware, kitchen tools and accessories, and small appliances; bed and bath products, such as bedding and accessories, and bath products; and floral products, including dried and silk floral products, floral supplies, and vases; and seasonal products. The company also provides gift wrap and party goods, fabrics, luggage, purses and totes, accessories, pet supplies and accessories, and miscellaneous products. Home décor and furnishing has continued to grow amongst the changing environment of retail and the Amazon effect. Brick-and- mortar sales for this category of goods are up 3.2 percent from last year. This demonstrates the resilience of this product type. Consumers still want to see, in person, what they furnish and decorate their homes with. As the number of renters increases, coupled with the rising cost of living, consumers are looking more towards discount products to fill their homes. This is the market that Old Time Pottery targets. LOCATION HIGHLIGHTS | PELHAM Old Time Pottery 3001 Highway 31, Pelham, Alabama 35124 Located in Shelby County | Fastest Growing County in Alabama DEMOGRAPHICS 15 Miles South of Birmingham Population 1-Mile 3-Miles 5-Miles Anticipated Eight Percent Population Growth by 2016 Population 4,266 36,506 74,094 2021 2021 Population 4,653 39,319 79,439 Average Household Income Within Five Miles is Households 1-Mile 3-Miles 5-Miles $94,275 2016 Households 1,715 13,785 28,056 2021 Households 1,915 14,951 30,069 1.5 Miles from Interstate 65 (98,210 Vehicles per Day) | Easily Accessible via Bessemer Airport Daytime Population 1-Mile 3-Miles 5-Miles 2016 Population 6,112 31,496 77,781 Home to Oak Mountain State Park | Largest State Park in Alabama Income 1-Mile 3-Miles 5-Miles Named the Best Place to Raise Children in Alabama 2016 Median HH Income $65,562 $74,173 $76,651 (Bloomberg Businessweek) 2016 Average HH Income $73,115 $86,870 $94,275 8% Interstate MSA 65 Birmingham Anticipated Near Airport MSA Growth Interstate Nearby AERIAL Subject Property Interstate 65 98,210 VPD Police Department Encompass Health H Rehabilitation Hosptial Highway 31 30,400 VPD AERIAL Highway 31 30,400 VPD Subject Property HUMPHREYS Smyrna HICKMAN Cedar Bluff GIBSON Smithville 70 40 Milan BENTON Franklin CARROLL DE KALB 40 CUMBERLAND Murfreesboro WHITE Rockwood Kingston WILLIAMSON CANNON Humboldt Centerville KNOX RUTHERFORD HENDERSON VAN LOUDON 70S ROANE MAURY BLEDSOE PERRY BUREN MADISON Loudon Lexington Duck R 231 McMinnville 11 Columbia 31A Pikeville Jackson COFFEE BEDFORD WARREN RHEA Hohenwald 24 LEWIS 127 75 45 DECATUR Shelbyville Manchester Dayton 31 Athens MARSHALL MONROE 41A Henderson 27 MEIGS WAYNE Tullahoma CHESTER 431 Woods Res. Dunlap HARDIN Waynesboro GRUNDY MCMINN SEQUATCHIE 411 41 Lawrenceburg 64 HAMILTON MOORE MARION LAWRENCE Savannah CHEROKEE Pulaski Fayetteville Tims Ford Cleveland Selmer 43 Reservoir Natchez Trace Parkway Red Bank Murphy Shiloh GILES 64 BRADLEY MCNAIRY NMP Tennessee Elk River FRANKLIN POLK LINCOLN Chattanooga 64 PICKWICK LIMESTONE 231 LAUDERDALE CATOOSA Corinth LAKE DADE 72 WILSON 75 FANNIN ALCORN 65 LAKE Stevenson WHITFIELD Florence MADISON Iuka Athens JACKSON TIPPAH 11 TISHOMINGO WHEELER Muscle Shoals 72 GILMER Mississippi LAKE Huntsville Dalton Guntersville WALKER PRENTISS Lake 76 Booneville 72A Georgia COLBERT 27 MURRAY 72 Scottsboro TENNESSEE R Decatur CHATTOOGA Baldwyn Calhoun UNION Moulton 431 DE KALB PICKENS Natchez Trace Parkway FRANKLIN GORDON Hartselle Fort Payne 78 ITAWAMBA DAWSON 59 LAWRENCE MORGAN CHEROKEE LEE CHEROKEE BARTOW CULLMAN 575 FORSYTH REGIONAL MAP MARSHALL Albertville Fulton 43 WINSTON Rome Tupelo LEWIS SMITH Cullman LAKE Cartersville 278 Hamilton FLOYD ETOWAH Sugar Hill . 411 R E E B MARION IG 23 B 231 Cedartown Kennesaw Roswell Okolona M Gadsden O T Mountain NBP Guin 31 Oneonta 278 POLK Chattahoochee 45A 278 Norcross CALHOUN COBB Sulligent River NRA 78 Jasper BLOUNT MONROE 11 PAULDING Scottdale Aberdeen HARALSON FAYETTE ST. CLAIR DE KALB Sumiton JEFFERSON 45 43 DOUGLAS Atlanta WALKER Saks 20 20 Anniston CLAY LAMAR Center Point FULTON Riverdale Birmingham CarrolltonCARROLL Columbus CLEBURNE CLAYTON FAYETTE TOMBIGBEE R. Hueytown Mountain Brook Talladega Starkville 82 Subject Property Reform HENRY LOWNDES 459 TUSCALOOSA SHELBY TALLADEGA Newnan 27 COWETA SPALDING RANDOLPH 23 Alabaster Griffin CLAY HEARD NOXUBEE Tuscaloosa 431 59 Sylacauga 85 PICKENS 75 PIKE Macon Calera Roanoke 41 LAMAR Noxubee R. Sipsey R. MERIWETHER La Grange Barnesville 31 Horseshoe Bend NMP GREENE BIBB Alexander City West Point Brent 65 Lake HALE MARTIN LAKE 27A COOSA TROUP Lafayette 45 82 Manchester UPSON Eutaw TALLAPOOSA Clanton CHAMBERS 231 19 280 CHILTON TALBOT PERRY 29 HARRIS KEMPER 80 Flint R. 43 Auburn LEE TAYLOR LAUDERDALE 11 ELMORE Demopolis MUSCOGEE AUTAUGA Prattville Columbus 80 ALABAMA R. Selma Phenix City MARION SUMTER 20 MACON MACON DALLAS CHATAHOOCHEE Meridian Linden Montezuma Montgomery RUSSELL 431 MARENGO BULLOCK SCHLEY LOWNDES Union Springs 27 CHOCTAW MONTGOMERY STEWART Americus Quitman C h i c k a s a WEBSTER 280 w 59 h a y SUMTER R Thomasville . CLARKE . R WILCOX Eufaula E BUTLER 29 QUITMAN BE IG B 331 M O TERRELL T 82 LEE CLARKE ALABAMA Troy BARBOUR Dawson 31 WALTER F. GEORGE 84 RES. Waynesboro MONROE PIKE RANDOLPH CRENSHAW WAYNE 231 Albany DALE CLAY 65 HENRY DOUGHERTY Jackson CHATTAHOOCHEE RIVER 84 CALHOUN Ozark 431 19 WASHINGTON . Blakely R A BAKER M CONECUH A EARLY B A Enterprise L A Andalusia MITCHELL 84 COFFEE Dothan L Flint River ea MILLER f GREENE R. COVINGTON 27 29 Pelham ESCAMBIA 43 HOUSTON GENEVA 45 Donalsonville Florala GRADY 98 MOBILE SEMINOLE ESCAMBIA Lucedale Bainbridge DECATUR HOLMES JACKSON GEORGE Bay Minette 84 SANTA ROSA P 31 29 90 a s c Prichard Crestview a Lake g o 10 u Seminole l 319 a BALDWIN R BIG . CREEK Chattahoochee LAKE WASHINGTON Mobile GADSDEN Pace OKALOOSA WALTON 90 JACKSON 331 90 Lake Talquin Pensacola Florida CALHOUN 10 Choctawhatchee Bay Pensacola 27 98 Bay Moss Point BAY Tallahassee Biloxi MOBILE BAY LEON Gulf Islands NS 231 WAKULLA 98 Gulf Islands NS APALACHICOLA R. 98 Panama City LIBERTY Gulf of Mexico Tyndall AFB SITE PLAN CONFIDENTIALITY AGREEMENT The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information