Sold at development cost Relocated from high performing 12-pump facility to 16-pump facility FILE PHOTO OFFERING | $5,596,154 – 5.50% CAP QuikTrip | absolute NNN, corporate Sale-leaseback 3230 E Admiral Pl n, tulsa, ok 310.736.4179 Property. New 4,840+ SF building on 1.98+ acre site. Relocated QuikTrip: From high performing 12-pump facility to new 16-pump facility. Lessee: QuikTrip Corporation. Operates 780+ stores across 11 states with 20,000 employees and 2017 annual sales in excess of $11 billion. JOE CAPUTO Tenant. [email protected] Lease structure. New 15-year, corporate absolute NNN with Cap Rate increases of 25 basis points every 5 years after the primary term. ALEX TOWER Location. QuikTrip is strategically located on the northwest corner of Admiral Pl. (15,000 VPD) and Harvard Ave. (22,000 VPD) in Tulsa, OK. The immediate trade [email protected] area features high population demographics of 86,000 within a 3-mile radius. Directly across I-244 “Crosstown Expy.” (67,000 VPD) is the University of Tulsa (4,433 students), a top 50 private research institution with renowned programs in law, literature, computer science, natural sciences, psychology, and engineering. Other traffic generators within a mile of the site are Will Rogers High School (692 students), Sequoyah Elementary School (597 students), Whittier Square Historic District, and Hardesty Sports & Recreation Complex. Notable national credit tenants in the immediate trade area are O’Reilly, AutoZone, Advanced Auto, Walgreen’s, Dollar General, Family Dollar, Sonic, Chick-Fil-A, Einstein Bros. Bagels, Metro PCS, McDonald’s, Arby’s, Papa John’s, Subway, Burger King, Taco Bell, Jimmy Johns and more. QuikTrip is located approximately 3-miles from downtown Tulsa, OK. Table of contents | Disclaimer quiktrip 3230 E Admiral Pl n, tulsa, ok PAGE 1: COVER Disclaimer Trivanta (“Agent”) has been engaged as an agent for the sale of the property located at PAGE 2: TABLE OF CONTENTS | DISCLAIMER 3230 E. Admiral Pl. N., Tulsa, OK the owner of the Property (“Seller”). Seller and Agent make no representations or warranties as to the accuracy of the information contained in PAGE 3: INVESTMENT | TENANT | LEASE OVERVIEW this Offering Memorandum. The enclosed materials include highly confidential information and are being furnished solely for the purpose of review by prospective purchasers of the PAGE 4: TENANT OVERVIEW CONTINUED interest described herein. The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsible. The material contained herein is based on information and sources deemed to be reliable, PAGE 5-6: AERIAL PHOTOS but no representation or warranty, express or implied, is being made by Agent or Seller or any of their respective representatives, affiliates, officers, employees, shareholders, PAGE 7: SITE PLAN partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of PAGE 8-9: LOCATION OVERVIEW some of the principal provisions contained therein. Neither the Agent nor the Seller shall have any liability whatsoever for the accuracy or completeness of the information contained PAGE 10: ECONOMIC DRIVERS herein or any other written or oral communication or information transmitted or made available or any action taken or decision made by the recipient with respect to the Property. PAGE 11-12: LOCATION MAPS Interested parties are to make their own investigations, projections and conclusions without reliance upon the material contained herein. Seller reserves the right, at its sole and PAGE 13: DEMOGRAPHICS absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Seller and Agent each expressly reserves the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. This offering is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. Agent is not authorized to make any representations or agreements on behalf of Seller. Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions to Seller’s obligations hereunder have been satisfied or waived. By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated in the strictest confidence and shall be returned to Agent or Seller promptly upon request; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of Seller and Agent. FILE PHOTO 2 Investment overview quiktrip 3230 E Admiral Pl n, tulsa, ok Lease overview PRICE | CAP: $5,596,154 | 5.50% Primary Lease Term: 15-Years NET OPERATING INCOME: $307,788 Option Periods: 10, 5-Year Options BUILDING AREA: 4,840+ Square Feet Rent Commencement: At Closing LAND AREA: 1.98+ Acres Lease Type: Corporate Absolute NNN YEAR BUILT: 2019 Rent Increases: See Parenthesis * Annual Rent Yrs 1-15: $307,788 (Current) LANDLORD RESPONSIBILITY: None Option 1 | Yrs 16-20: $321,779 (5.75% CAP) Option 6 | Yrs 41-45: $391,731 (7.00% CAP) OWNERSHIP: Fee Simple Interest Option 2 | Yrs 21-25: $335,769 (6.00% CAP) Option 7 | Yrs 46-50: $405,721 (7.25% CAP) OCCUPANCY: 100% Option 3 | Yrs 26-30: $349,760 (6.25% CAP) Option 8 | Yrs 51-55: $419,712 (7.50% CAP) Option 4 | Yrs 31-35: $363,750 (6.50% CAP) Option 9 | Yrs 56-60: $433,702 (7.75% CAP) Option 5 | Yrs 36-40: $377,740 (6.75% CAP) Option 10 | Yrs 61-65: $447,692 (8.00% CAP) * Cap Rate increases 25 basis points every 5 years at the beginning of each option period Tenant overview Lessee: QuikTrip Corporation QUIKTRIP | www.quiktrip.com | Credit Rating: NAIC 2 (Equivalent BBB) QuikTrip Corporation is a privately held company headquartered in Tulsa, Oklahoma that owns and operates gasoline and convenience stores. Founded in 1958, QuikTrip has grown to a more than $11 billion company with 780+ stores across 11 states. Those revenues place QuikTrip high on the Forbes listing of largest privately held companies. QuikTrip Corp. currently holds an NAIC 2 Rating which is the equivalent of a “BBB” rating by Standard & Poor’s. QuikTrip locations feature the company’s own QT brand of gas, as well as brand-name beverages, candy, tobacco and QT’s own Quik’n Tasy and Hotzi lines of sandwiches. With over 20,000 employees, QuikTrip has made Fortune Magazine’s list of “Best Companies to Work For” every year for the last 15 years and received the 38th spot in People Magazine’s “50 Companies That Care.” QuikTrip is consistently ranked as one of the top convenience store marketers in product quality and friendly service, including a top spot on GasBuddy’s Top Rated C-Store list for 2017, and Top Rated Convenience Store Brand in the state of Missouri. It is also ranked 68th on Fortunes 100 best companies to work for in 2017 and 33rd on Forbes List of Private Companies. QuikTrip also gives back to the communities it serves, donating 5% of net profits to qualified 501c3 non-profit agencies, which includes United Way campaign match, support for National Safe Place agencies, Folds of Honor scholarships and many other agencies that support at-risk youth and early childhood education. 3 tenant overview continued quiktrip 3230 E Admiral Pl n, tulsa, ok QUIKTRIP AWARDS QUIKTRIP IN THE NEWS • People Companies That Care (#38) BOSTON – Convenience Store News (1/11/2018) - QuikTrip and Wawa came out on top of GasBuddy's • Best Workplaces in Texas 2017 (#15) latest ranking of pit stops. Article Link • Best Workplaces for Giving Back 2017 (#45) The Top 100 Pit Stops in the United States in 2017 list highlights the best-of-the-best, where drivers can • Best Workplaces for Diversity 2017 (#29) enjoy pleasant customer service, perk themselves up with amazing coffee, use the restroom in peace • Best Work for Women 2017 (#54) and enjoy a perfect pumping experience, according to GasBuddy. • Best Workplaces in Retail 2017 (#2) Users of the GasBuddy mobile app had a say in the list, which honors businesses ranked highly by the GasBuddy community. "Gas stations have evolved through the years to become true destinations. No QUIKTRIP EMPLOYEE SURVEY longer are they just a place to top off the tank, but they provide exceptional experiences for those (2,487 Employees Surveyed on October 5, 2017) looking for a good meal, coffee, and more," said Frank Beard, convenience store and retail trends analyst at GasBuddy. "GasBuddy users have given these gas stations the highest ratings in our app - each one a unique expression of regional flavor.“ QuikTrip made the most appearances on the list • Great Challenges - 92% with 18 locations, followed by Wawa with 14 and Shell with seven. QuikTrip also topped the list • Workplace is Great - 89% as the overall No.