NationalTire& Battery Absolute NNN Lease Smyrna (Atlanta MSA), GA IREA TROPHY LOCATION ADJACENT TO THE NEW $1B ATLANTA BRAVES’ SUNTRUST STADIUM & THE BATTERY ATLANTA Adjacent To Area Auto Center: Infiniti, GMC, Cadillac Hyundai, Chevrolet, & Kia IREA I-75 FWY (281K CPD) NTB Location INVESTMENT REAL ESTATE ASSOCIATES Dobbins OFFICE Air Reserve 16501 Ventura Blvd. Suite 448 Encino, CA 91436 Base Phone: 818.386.6888 Fax: 818.386.2805 WellStar Windy www.irea.com Hill Hospital The Promenade Shopping Center Cumberland Square North INVESTMENT ADVISORS Heritage Pavillion Cobb Parkway SE (42k CPD) Chris Thompson Senior Partner Cumberland Marketplace (818) 522-4792 [email protected] 01205918 Cumberland Crossing Shopping Center Cobb Parkway ± 39,320 ADT SpringSpring RoadRoad SESE less than 1.1 miles away Cumberland Mall 5 min. car ride NTB - IREA The Shops at Cumberland Shopping Center Cumberland Blvd SE Trophy Location I-75 FWY (281K CPD) I-285 FWY (150K CPD) Contents Dobbins Investment Highlights 4-5 Air Reserve Base SunTrust Park Investment Overview 6-7 Home of The 8-9 WellStar Windy Aerial & Context Hill Hospital The Promenade Location Overview 10-11 Shopping Center Cumberland Square North 12-13 Heritage Pavillion Cobb Parkway SE (42k CPD) Stadium/ The Battery Info. Cumberland Marketplace Living & Amenities 14-15 Cumberland Crossing Shopping Center Roxy/ Entertainment Info. 16-17 Omni Hotel/ Hospitality Info. 18-19 The Battery Site & Tenant Profile 20-21 Cobb Parkway ± 39,320 ADT Financials 22-23 SpringSpring RoadRoad SESE Demographics 24-25 Cumberland Mall TEAM & TABLE OF CONTENTS | 3 The Shops at Cumberland Shopping Center Cumberland Blvd SE Highlights Absolute NNN The Battery Atlanta is a $1.3 billion, 1.5 million square foot mixed-use destination with 15 years that integrates a state-of-the-art Major remaining on base League Baseball park with a multi-use development and community. The new lease and rental home of the Atlanta Braves is the first escalations every of its kind, offering an unprecedented entertainment experience 365 days a 5 years + options. year. NTB - IREA Highlights Major Destination Center Affluent Demographics Atlanta Braves’ new $1 billion The area has a five mile SunTrust Park and The Battery population exceeding 211,000 Atlanta™ are just 1.1 miles and an average household south of NTB. income of over $94,500. Battery Prime Trophy Location Absolute NNN Lease Strategically located in premier National Tire & Battery is & retail and office location guaranteed by TBC Corp., adjacent to Target Center and one of the nation’s largest on the same street as the distributors of automotive tires new Atlanta Braves SunTrust and a subsidiary of Sumitomo Stadium & The Battery Atlanta! Corp. of America (S&P: A-) Tire Adjacent To Area Auto Center High Traffic Location Major auto dealerships include Impressive traffic counts in excess Infiniti, Cadillac, GMC, Hyundai, of 42,000 cars per day along Cobb Chevrolet, & Kia (north of subject Parkway SE. 281,000 CPD along property). HWY I-75. Licensed LYFT Facility Rental Increases & Options This NTB location features a Rare CPI 12% rental increases dedicated licensed LYFT facility, every five years during primary with preferred pricing for LYFT term and the three 5-year vehicles. options. National INVESTMENT HIGHLIGHTS | 5 Overview Property Type: Single Tenant Absolute NNN Lease Address: 2195 Cobb Parkway SE Smyrna (Atlanta MSA), GA 30080 Tenants: National Tire & Battery Rentable Area: 6,922 Sq Ft | Land Area: 40,336 Sq Ft (0.926 Acres) Parking: Surface: 26 Spaces Built: 2013 NTB - IREA Investment Overview IREA is pleased to offer for sale a freestanding, ±6,922 square foot National Tire & Battery store situated on 0.926 acres in Smyrna, Georgia (Atlanta MSA). Built in 2013, the property is operating on an absolute NNN lease with 15 years of primary term remaining, with three 5-year options to renew. The lease features CPI increases up to a rare maximum of 12% every five years. This NTB location also features a dedicated licensed LYFT facility, with preferred pricing for LYFT vehicles. Battery & The property is ideally located on Cobb Parkway (Traffic Count: 42,000 CPD), just 1.5 miles from the intersection of I-285 and I-75 (Combined Traffic Count: 355,000 CPD), within the Cumberland Galleria community, one of metro Atlanta’s premier retail and office submarkets. The Cumberland Galleria area is expected to see major growth in the coming years as a result of the recent 2017 opening of the Atlanta Braves’ $1 billion SunTrust Park and The Tire Battery Atlanta, which when fully completed, will feature approximately 1.5 million square feet of retail, restaurant, residential (approximately 500 residences), hotel and office space. The National Tire & Battery is located only 1.1 miles south of this amazing development. The property is also strategically positioned within one of Atlanta’s premier commercial corridors with 8.5 MSF of retail, 24.6 MSF of office, 4.4 MSF of industrial, and 29,341 units of multifamily housing within a 3-mile radius. Other major retailers in the surrounding area include: Target, Best Buy, Aldi, Walgreens, Marshalls, TJ Maxx, PetSmart, Office Depot, OfficeMax, LA Fitness, Bank of America, Chase Bank, and Olive Garden among many others. In addition, the area benefits from infill demographics with a 5-mile population of 211,000 and average household income of $94,500. National INVESTMENT OVERVIEW | 7 Adjacent To Area Auto Center: Infiniti, GMC, Cadillac Hyundai, Chevrolet, & Kia Local Aerial I-285 FWY (150K CPD) I-75 FWY (281K CPD) Dobbins NTB Location Air Reserve Base SunTrust Park Home of The WellStar Windy Hill Hospital The Promenade Shopping Center Cumberland Square North Heritage Pavillion Cobb Parkway SE (42K CPD) Cumberland Marketplace Cumberland Crossing less than 1.1 milesShopping away Center 5 min. car ride Cobb Parkway ± 39,320 ADT LocatedSpringSpring Road Roadnear SESE The Battery the heart of the area’s dominate Cumberland Mall destination center Atlanta SunTrust The Shops at Cumberland Park & The Battery Shopping Center Cumberland Blvd SE Atlanta™ Cumberland Blvd SE NTB - IREA Aerial Provided Context Map I-285 FWY (150K CPD) less than 18 miles away 30 min. car ride Battery & Tire Downtown ATL National AERIAL & CONTEXT MAPS | 9 SunTrust Park Home of The I-75 FWY (281K CPD) Cobb Parkway SE (42K CPD) The Battery The Battery Atlanta™ is the South’s preeminent NEW lifestyle destination. NTB - IREA Premier Trophy Location Located along I-75 and I-285, The Battery Atlanta™ is a 1.5 million-square-foot mixed-use development in the Cumberland area. Anchored by SunTrust Park - the new home of the Atlanta Braves - The Battery Atlanta combines a variety of architectural styles to produce the ultimate live, work, shop, and dine environment. This premier location Battery has become the area’s dominate destination center. & The area surrounding NTB is one of Atlanta’s preeminent retail, office, and hotel centers with approximately 40 hotels within 3 miles, operated by national brands including Marriott, Sheraton, Hyatt, Renaissance, Hilton, Holiday Inn, and Hampton Inn & Suites. Additionally, the Cumberland office submarket is Tire the second-largest in the Atlanta metropolitan area, with total rentable area of approximately 25.6 MSF. Cumberland-Galleria is home to 76,400 jobs and is expected to add 50,000 more jobs over the next 30 years. Many Fortune 500 and international companies have a significant presence in the Cumberland-Galleria area, including corporate headquarters for The Home Depot, GE Energy Management, Travelport, and The Weather Channel. National Tire & Battery’s location next to this exceptional development offers a prospective purchaser entry into a high growth, “A” class market that is positioned to thrive. National LOCATION OVERVIEW | 11 More than a few dining options! For most Atlanta Braves fans visiting SunTrust Park for the first time, the focus will likely be on the game. But where do you gear up for the action — or wind down after it’s over? The Battery, the entertainment complex attached to the park, offers up spots to throw back a cold beer, down a gourmet sausage or chow down on a burger or BBQ. NTB - IREA Atlanta Braves’ SunTrust Park & The Battery Atlanta™ The Battery Atlanta is a $1.3 billion, 1.5 million square foot mixed- use destination that integrates a state-of-the-art Major League Baseball park with a multi-use development and community. The new home of the Atlanta Braves’at SunTrust is Parkthe first of its kind, offering HOME OF THE an unprecedented entertainmentDELIVERING experience A NEW 365 STANDARD days a year. TO THE SOUTHEAST Battery The Battery redefines the traditionalRESIDENTIAL: model of523,000 a “live, SF work, HOTEL:play” SF development into a “play, work, stay” destination, with SunTrust • 550 UNITS OF ONE, TWO & THREE BEDROOM • 1,050 HOTEL ROOMS & Park as its crown jewel. Featuring CONDOSupwards of 400,000 square feet of unique and experiential retail—including restaurants by some of Atlanta’s most acclaimed chefs, 400,000OFFICE: 400,000square feetSF of new classRETAIL: A 400,000 SF • HOME TO COMCAST’S SOUTHEAST • UNIQUE AND EXPERIENTIAL RETAIL office—adding to the area’s alreadyHEADQUARTERS, booming WHICH EMPLOYS daytime 1,000+ population,INCLUDING RESTAURANTS BY SOME OF and over 500,000 square feet of residentialINDIVIDUALS IN ITS 250,000 in the SF SPACE immediate area.ATLANTA’S MOST ACCLAIMED CHEFS 37% +1,300 Tire INCREASE IN GAME NEW RESIDENTSat SunTrust Park ATTENDANCE HOME OF THE DELIVERING A NEW STANDARD