Offering Memorandum GAS/CONVENIENCE STORE PORTFOLIO GAS/CONVENIENCE STORE PORTFOLIO (MEMPHIS) OFFERING SUMMARY INVESTMENT OVERVIEW Marcus & Millichap is pleased to present a five-store portfolio of gas/convenience stores in the Greater Memphis area for sale leaseback. Each store will execute a new 20-year absolute net lease upon closing, and the leases will be backed both corporately by Radiant Group along with five-year personal guarantee by a principle of Radiant Group. Each unit of the offering will be offered at a 7 percent capitalization rate. While offers for individual units within the portfolio will be considered, the seller would prefer selling the entire portfolio together. Radiant Group operates over 60 properties (gas stations, convenience stores and restaurants) which generate over $350 million annually in revenue. The principals have a combined 100+ years in business. INVESTMENT HIGHLIGHTS . New 20-Year Absolute Net Lease at Closing . 5 Percent Rent Increases Every Five Years of Lease Term . No Landlord Responsibilities . Sale Leaseback Secured by Radiant Group 2 GAS/CONVENIENCE STORE BARTLETT, TN OFFERINGOFFERING SUMMARY SUMMARY EXECUTIVE SUMMARY OFFERING SUMMARY Price $1,371,000 MAJOR EMPLOYERS Net Operating Income $96,000 Capitalization Rate – Current 7.00% Price / SF $388.94 EMPLOYER # OF EMPLOYEES * Rent / SF $27.23 American Pathology 5,005 Lease Type Absolute Net Accredo Health Incorporated 2,868 Gross Leasable Area 3,525 SF Truckpro Holding Corporation 2,600 Year Built / Renovated 1998 Efs Transportation Svcs Inc 2,000 Lot Size 0.85 acre(s) Methodist Le Bnheur Healthcare 1,320 Interstate Blood Bank Inc 1,250 Brother Industries USA Inc 1,200 FINANCING Institutional Packaging Recycl 1,200 Loan Amount $959,700 Gca Services Group Inc 1,185 Loan Type Financed - New Loan Loan to Value 70.00% Verizon Bus Netwrk Svcs Inc 1,100 Down Payment 30% / $411,300 Walmart 1,052 Interest Rate / Amortization 4.85% / 25 Years Impact Logistics Inc 850 Annual Loan Payment $66,321 Net Cash Flow After Debt Service 7.22% / $29,679 Cash on Cash Return 7.22% DEMOGRAPHICS Total Return 0.00% / $49,900 1-Miles 3-Miles 5-Miles 2017 Estimate Pop 9,290 71,732 172,269 2017 Census Pop 9,023 69,579 166,533 2017 Estimate HH 3,380 27,542 63,706 2017 Census HH 3,289 26,804 61,793 Median HH Income $57,726 $60,103 $62,698 Per Capita Income $25,321 $28,667 $29,604 Average HH Income $69,392 $74,529 $79,023 * # of Employees based on 5 mile radius 3# PROPERTYGAS/CONVENIENCE NAME STORE BARTLETT, TN PRICINGPRICING ANDANDLOCATIONLOCATION VALUATIONVALUATIONTENANT OVERVIEW OVERVIEWSUMMARY MATRIXMATRIX 6861 US Highway 70, Memphis, TN 38133 . Signalized Corner of Stage and Summer . Intersection Traffic Exceeds 50,000 VPD . Densely Populated Area . 40,000 VPD . $80k per month inside sales . 90k gallons per month sold The gas/convenience store is located on a signalized hard corner of a high volume intersection in North Memphis. The store is surrounded by shopping, restaurant, banking and movie theaters. Over 40,000 vehicles pass by this location daily. CLOSE PROXIMITY TO: 4# GAS/CONVENIENCE STORE BARTLETT, TN AERIAL PHOTO 5 GAS/CONVENIENCE STORE BARTLETT, TN OFFERINGOFFERING SUMMARY SUMMARY PROPERTY SUMMARY NOTES Gas/Convenience store offered as part of a five-store portfolio. All stores will feature a new 20-year absolute net lease at closing. 6# Offering Memorandum GAS/CONVENIENCE STORE MEMPHIS 1243 Lamar Ave • Memphis, TN 38104 GAS/CONVENIENCE STORE MEMPHIS OFFERINGOFFERING SUMMARY SUMMARY EXECUTIVE SUMMARY OFFERING SUMMARY Price $1,714,000 MAJOR EMPLOYERS Net Operating Income $120,000 Capitalization Rate – Current 7.00% Price / SF $1,373.40 EMPLOYER # OF EMPLOYEES * Rent / SF $96.15 National Bank of Commerce 5,194 Lease Type Absolute Net Department Cmparative Medicine 4,000 Gross Leasable Area 1,248 SF Memphis Medical School 4,000 Year Built / Renovated 1989 US Post Office 3,426 Lot Size 0.61 acre(s) Methodist Healthcare Memphis H 3,118 St Jude Chld RES Hosp Inc 2,525 Defense Depot Memphis 2,500 FINANCING Memphis Police Dept 2,500 Loan Amount $1,199,800 St Jude Hospital 2,499 Loan Type Financed - New Loan Loan to Value 70.00% Memphis Vamc 2,004 Down Payment 30% / $514,200 Imperial Guard Service 2,000 Interest Rate / Amortization 4.85% / 25 Years Regional Medical Ctr Tenessee 2,000 Annual Loan Payment $82,913 Net Cash Flow After Debt Service 7.21% / $37,087 Cash on Cash Return 7.21% DEMOGRAPHICS Total Return 0.00% / $62,367 1-Miles 3-Miles 5-Miles 2017 Estimate Pop 12,447 107,425 197,953 2017 Census Pop 12,161 104,113 193,449 2017 Estimate HH 6,057 45,890 82,429 2017 Census HH 5,966 44,459 80,634 Median HH Income $24,709 $27,849 $27,664 Per Capita Income $28,066 $22,023 $21,230 Average HH Income $56,291 $49,903 $49,739 * # of Employees based on 5 mile radius 8# PROPERTYGAS/CONVENIENCE NAME STORE MEMPHIS PRICINGPRICING ANDANDLOCATIONLOCATION VALUATIONVALUATIONTENANT OVERVIEW OVERVIEWSUMMARY MATRIXMATRIX 1243 Lamar Ave, Memphis, TN 38104 . Signalized Corner Lot . Less Than A Block from I-240 Interchange . Connector Road to the TN/AR Bridge . 35,000 VPD . $110k per month inside sales projected after remodel . 90k gallons per month sold projected after remodel The gas/convenience store is located on a signalized hard corner of a high volume intersection in South Memphis. The store has been newly renovated in preparation for a new tenant. Over 35,000 vehicles pass by this location daily. CLOSE PROXIMITY TO: 9# GAS/CONVENIENCE STORE MEMPHIS AERIAL PHOTO 10 GAS/CONVENIENCE STORE MEMPHIS OFFERINGOFFERING SUMMARY SUMMARY PROPERTY SUMMARY NOTES Gas/Convenience store offered as part of a five-store portfolio. All stores will feature a new 20-year absolute net lease at closing. 11# Offering Memorandum MARATHON MEMPHIS GAS/CONVENIENCE 8 S Parkway E • Memphis, TN 38106 MARATHON MEMPHIS GAS/CONVENIENCE OFFERINGOFFERING SUMMARY SUMMARY EXECUTIVE SUMMARY OFFERING SUMMARY Price $1,371,000 MAJOR EMPLOYERS Net Operating Income $96,000 Capitalization Rate – Current 7.00% Price / SF $817.53 EMPLOYER # OF EMPLOYEES * Rent / SF $57.25 National Bank of Commerce 5,194 Lease Type Absolute Net Department Cmparative Medicine 4,000 Gross Leasable Area 1,677 SF Memphis Medical School 4,000 Year Built / Renovated 1976 US Post Office 3,319 Lot Size 0.38 acre(s) Methodist Healthcare Memphis H 3,118 St Jude Chld RES Hosp Inc 2,525 Defense Depot Memphis 2,500 FINANCING Memphis Police Dept 2,500 Loan Amount $959,700 St Jude Hospital 2,499 Loan Type Financed - New Loan Loan to Value 70.00% Memphis Vamc 2,004 Down Payment 30% / $411,300 Regional Medical Ctr Tenessee 2,000 Interest Rate / Amortization 4.85% / 25 Years Le Bonheur Childrens Med Ctr 1,800 Annual Loan Payment $66,321 Net Cash Flow After Debt Service 7.22% / $29,679 Cash on Cash Return 7.22% DEMOGRAPHICS Total Return 0.00% / $49,900 1-Miles 3-Miles 5-Miles 2017 Estimate Pop 8,413 50,654 141,273 2017 Census Pop 8,304 48,710 137,410 2017 Estimate HH 3,013 20,679 59,378 2017 Census HH 2,988 19,742 57,716 Median HH Income $19,821 $22,368 $27,758 Per Capita Income $10,815 $17,561 $20,848 Average HH Income $29,689 $41,062 $48,465 * # of Employees based on 5 mile radius 13# PROPERTYMARATHON NAMEMEMPHIS GAS/CONVENIENCE PRICINGPRICING ANDANDLOCATIONLOCATION VALUATIONVALUATIONTENANT OVERVIEW OVERVIEWSUMMARY MATRIXMATRIX 8 S Parkway E, Memphis, TN 38106 . Big Lunch Business . Only Store in The Market . Less Than a Mile From I-55 Interchange . 20,000 VPD . $90k per month inside sales . 80k gallons sold per month The gas/convenience store is located on a signalized hard corner of a high volume intersection in Southwest Memphis. The store has been newly renovated in preparation for a new tenant. Over 20,000 vehicles pass by this location daily. CLOSE PROXIMITY TO: 14# MARATHON MEMPHIS GAS/CONVENIENCE AERIAL PHOTO 15 MARATHON MEMPHIS GAS/CONVENIENCE OFFERINGOFFERING SUMMARY SUMMARY PROPERTY SUMMARY NOTES Gas/Convenience store offered as part of a five-store portfolio. All stores will feature a new 20-year absolute net lease at closing. 16# Offering Memorandum GAS/CONVENIENCE STORE COVINGTON PIKE 2510 Covington Pike • Memphis, TN 38128 GAS/CONVENIENCE STORE COVINGTON PIKE OFFERINGOFFERING SUMMARY SUMMARY EXECUTIVE SUMMARY OFFERING SUMMARY Price $1,714,000 MAJOR EMPLOYERS Net Operating Income $120,000 Capitalization Rate – Current 7.00% Price / SF $1,373.40 EMPLOYER # OF EMPLOYEES * Rent / SF $96.15 American Pathology 5,005 Lease Type Absolute Net Baptist Memorial Hospital 4,010 Gross Leasable Area 1,248 SF Accredo Health Incorporated 2,868 Year Built / Renovated 1988 / 2018 Truckpro Holding Corporation 2,600 Lot Size 0.5 acre(s) Methodist Le Bnheur Healthcare 1,320 Interstate Blood Bank Inc 1,250 Gca Services Group Inc 1,185 FINANCING Verizon Bus Netwrk Svcs Inc 1,100 Loan Amount $1,199,800 Baptist Memorial Health Care 985 Loan Type Financed - New Loan Loan to Value 70.00% Buckeye Technologies Inc 838 Down Payment 30% / $514,200 U-Haul 827 Interest Rate / Amortization 4.85% / 25 Years ISS Facility Services Inc 600 Annual Loan Payment $82,913 Net Cash Flow After Debt Service 7.21% / $37,087 Cash on Cash Return 7.21% DEMOGRAPHICS Total Return 0.00% / $62,367 1-Miles 3-Miles 5-Miles 2017 Estimate Pop 7,396 75,078 199,248 2017 Census Pop 7,307 73,592 195,469 2017 Estimate HH 2,886 28,137 72,987 2017 Census HH 2,866 27,690 71,902 Median HH Income $40,187 $41,260 $46,429 Per Capita Income $19,734 $20,802 $23,929 Average HH Income $50,550 $54,641 $64,498 * # of Employees based on 5 mile radius 18# PROPERTYGAS/CONVENIENCE NAME STORE COVINGTON PIKE PRICINGPRICING ANDANDLOCATIONLOCATION VALUATIONVALUATIONTENANT OVERVIEW OVERVIEWSUMMARY MATRIXMATRIX 2510 Covington Pike, Memphis, TN 38128 .