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1770 SCENIC HIGHWAY/SR 124 SNELLVILLE, GEORGIA (ATLANTA MSA) OFFERING MEMORANDUM CBRE | NET LEASE PROPERTY GROUP Actual Location

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Page 1: 1770 SCENIC HIGHWAY/SR 124 SNELLVILLE, GEORGIA … · 2016-10-27 · 3 Investment Overview Investment Summary ADDRESS: 1770 Scenic Highway/SR 124 Snellville, GA 30078 PARCEL SIZE:

1770 SCENIC HIGHWAY/SR 124SNELLVILLE, GEORGIA (ATLANTA MSA)

OFFERING MEMORANDUMCBRE | NET LEASE PROPERTY GROUP

Actual Location

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Chris Bosworth Executive Vice President T +1 404 923 1486 [email protected]

Brian Pfohl Capital Markets ManagerT +1 404 504 7893 [email protected]

Will Pike Executive Vice President T +1 404 923 1381 [email protected]

CONTACTS

Actual Location

www.cbre.com/nlpgatlanta

CBRE, Inc.3280 Peachtree Road NESuite 1400Atlanta, GA 30305+1 404 504 7900

CBRE NET LEASE PROPERTY GROUP

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Investment Overview Investment Summary

ADDRESS: 1770 Scenic Highway/SR 124Snellville, GA 30078

PARCEL SIZE: ±1.35 Acres

BUILDING SIZE: 3,010 Square Feet

YEAR BUILT: 2016

NOI: $149,900

PRICE: $2,855,000

CAP RATE: 5.25%

BLENDED CAP RATE OVER INITIAL TERM: 5.80%

DEMOGRAPHICS

1 Mile Pop 1 Mile AHI 3 Mile Pop 3 Mile AHI 5 Mile Pop 5 Mile AHI Traffic Count

4,898 $99,976 63,562 $92,926 177,711 $83,629 40,700 on Scenic Highway North

The CBRE Net Lease Property Group is pleased to exclusively offer a 3,010-square-

foot freestanding Freddy’s Frozen Custard & Steakburgers situated on ±1.35 acres

in Snellville, Georgia, which is an upscale bedroom community of Atlanta (23 miles

southwest). Freddy’s recently signed a new 15-year, absolute-NNN ground lease with

three 5-year renewal options and 10% rent increases every 5 years. Built in 2016, the

property is part of the new 13-acre Park Place development and is located adjacent to

a newly constructed Zaxby’s and Aspen Dental as well as the sites of planned 5 story,

100-room Hampton Inn & Suites, Cracker Barrel, and a national restaurant tenant.

Freddy’s has excellent access and visibility on Scenic Highway/SR 124 (Traffic Count:

40,700 VPD), which serves as one of the area’s primary thoroughfares and the #1 retail

node east of I-85 in Atlanta with more than 5.4 MSF of retail space (98% leased). The

development benefits from 6 points of ingress and egress and a full access dedicated

traffic light. Additionally, a critical mass of power centers with premier national tenants

surround the site, including the 376,071-square-foot Presidential Commons (Anchors:

Home Depot, Kroger, Stein Mart, buybuy BABY, and Jo-Ann Fabrics and Crafts), the

393,251 Presidential Markets (Anchors: Target, Publix, Bed Bath & Beyond, T.J. Maxx,

PetSmart, Party City, Marshalls, and Ross), the 333,795-square-foot Shoppes at Webb

Gin (Anchors: Sprouts, DSW, Kirkland’s, Barnes & Noble), the 186,603-square-foot

Snellville Exchange Shopping Center (Anchors: Gander Mountain, Hobby Lobby, newly

constructed Carmike Ovation Cinema Grill), and the newly-constructed 87,775-square-

foot Scenic Promenade (Anchors: Best Buy, The Fresh Market, and HomeGoods).

Further, the area benefits from exceptional demographics with a population of 63,562

and average household income of $92,926 within a 3-mile radius. Snellville, Georgia (approximately 20,000 residents) is home to upscale housing, ample shopping and

entertainment options, and has matched the pace of growth in the rest of Gwinnett County in recent years. In 2006, the city dedicated a newly constructed City Hall, part

of a $6,700,000 project called Towne Center at Snellville that replaced an underused supermarket with a municipal complex. Efforts to transform Snellville’s city center are

ongoing, with plans to incorporate public parks, housing, and office and retail space.

CBRE NET LEASE PROPERTY GROUP

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PH

ARRS R

OA

D

PHARR ELEMENTARY SCHOOL

124 NEW HOMES FROM$340,000

SCENIC HIGHWAY – 40,700 VPD

130 ROOMS

STARBUCKS

SAM’S CLUB

WALMARTSUPERCENTER

NATIONAL BANKBRANCH

STARBUCKSPROPOSED NATIONAL RESTAURANT

WOODBURY COMMUNITY:HOMES $250K-$350K

WEBB GIN HOUSE ROAD - 13,516 VPD

RONALD REAGAN PARKWAY – 24,700 VPD

PRESIDENTIAL CIRCLE

12STONE CHURCH

CBRE NET LEASE PROPERTY GROUP

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• Tenant: Freddy’s Frozen Custard & Steakburgers is a fast-casual restaurant chain specializing in lean ground beef steakburgers, Vienna beef hot dogs and shoestring fries, and house-churned frozen custard. Founded in 2002, the privately-owned company expanded to more than 200 locations in 29 states, making it one of the fastest-growing fast-casual restaurant franchises in the country. Company leaders anticipate growth to continue, adding up to 400 additional stores in the coming years.

• Long-Term Absolute NNN Ground Lease: 15-year absolute-NNN ground lease with three 5-year renewal options and 10% rent increases every 5 years.

• New Construction: Newly built 3,010-square-foot restaurant featuring two drive-through lanes, an outdoor patio, and seating for 100 guests.

• New Park Place Development: Freddy’s is part of the new 13-acre Park Place development and is located adjacent to a newly constructed Zaxby’s and Aspen Dental as well as the site of a planned 5 story, 100-room Hampton Inn & Suites, Cracker Barrel, and national restaurant tenant. The development benefits from 6 points of ingress and egress and a full access dedicated traffic light. In addition, Park Place features high-end lighting, signage, and lanscaping as well as full pedestrian connectivity with all surrounding developments. Due to the substantial commercial and residential density in the trade area and lack of available sites for new development, there are few opportunities for new development within the trade area providing the investor with a unique opportunity.

• Excellent Access/Visibility: The property has excellent access and visibility on Scenic Highway (Traffic Count: 40,700 VPD), one of the area’s primary thoroughfares, just 0.4 miles north of Ronald Reagan Highway (Traffic Count: 24,700 VPD) and 1.5 miles north of Downtown Snellville.

• Dominant Retail Corridor: 5.4 MSF of retail within 3 miles of the subject property, making Scenic Highway the #1 retail node in the Atlanta MSA east of I-85 (98% leased). Other major retailers in the immediate vicinity include Walmart Supercenter, Home Depot, Lowe’s Home Improvement, Sam’s Club, Target, Publix, Kroger, Sprouts, The Fresh Market, Bed Bath & Beyond, Academy Sports & Outdoors, Best Buy, T.J. Maxx, Office Depot and Petco, among many others.

Investment Highlights• Dynamic Demographics: 3-mile population of 63,562 and average household

income of $92,926.

• Eastside Medical Center Advantage: Site has direct access to the 131-bed Emory Eastside Medical Center via Tree Lane (0.6 miles south). The hospital is one of the area’s largest employers and generates approximately $371 million for the local and state economy.

• Snellville, Georgia Market: Snellville, Georgia, is an affluent city of approximately 20,000 residents situated 23 miles northeast of Atlanta and 45 miles west of Athens. The city is home to upscale housing, ample shopping and entertainment options, and has matched the pace of growth in the rest of Gwinnett County in recent years. In 2006, the city dedicated a newly constructed City Hall, part of a $6,700,000 project called Towne Center at Snellville that replaced an underused supermarket with a municipal complex. Efforts to transform Snellville’s city center are ongoing, with plans to incorporate public parks, housing, and office and retail space.

• Gwinnett County Advantage: Situated approximately 20 miles from Atlanta’s CBD and bisected by Interstate 85, Gwinnett County is one of metro Atlanta’s fastest growing markets and has historically been one of the fastest growing counties in the nation. With an estimated population of more than 877,922 (predicted to grow to more than 1.2 million by 2025), Gwinnett is projected to become the largest county in the state of Georgia within five years. The county is home to more than 6.2 MSF of office space and its growing population also supports a thriving retail market that tops annual revenues of over $13 billion. Gwinnett is also known for its highly regarded public school system.

• Atlanta MSA: Atlanta is the hub and economic engine of the Southeast, which is the fastest growing region in the U.S. The city’s thriving economy and job base, coupled with its high quality and low cost of living, make it an ideal destination to draw young and educated talent from the region’s major universities. With an overall population of 5.7 million throughout the 28-county metro area, Atlanta evolved from the regional “capital” of the Southeast into its current distinction as a leading international city for business.

• Potential Portfolio Acquisition: Property is also being offered as part of a 4-Asset Snellville Park Place Ground Lease Portfolio. Other tenants include Zaxby’s, Aspen Dental, and Cracker Barrel.

CBRE NET LEASE PROPERTY GROUP

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6

PHARR ELEMENTARY SCHOOL

SCEN

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24 –

40,7

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PD

SAM’S CLUB

WALMARTSUPERCENTER

PHAR

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WOODBURY COMMUNITY:HOMES $250K-$350K

12STONE CHURCHTREE LANE

CBRE NET LEASE PROPERTY GROUP

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Restaurant6,000 SF

Rest

aura

nt6,

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SF

Rest

aura

nt6,

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PHARRS RD

SCENIC HIGHWAY/SR 124 - 40,700 VPD

Key

Subject Property

Not a Part of Offering

CBRE NET LEASE PROPERTY GROUP

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Lease Summary

Not Actual Location

PROPERTY NAME: Freddy’s Frozen Custard and Steakburgers

TENANT: Snellville Custard Operations, LLC

PARENT COMPANY: AC Operations, LLC

RENT COMMENCEMENT: July 24, 2016

LEASE EXPIRATION: July 31, 2031

LEASE TERM REMAINING: 15 years

LEASE TYPE: Ground Lease

INITIAL TERM RENT:Years 1-5: $149,900Years 6-10: $164,890Years 11-15: $181,379

RENT INCREASES: 10% every 5 years

OPTIONS: Three 5-year options

OPTION RENT:Option 1: $199,517Option 2: $219,469Option 3: $241,415

OPTION RENT INCREASES: 10% in each option

TERMINATION OPTION: Provided Tenant has been continuously open and operating under its Permitted Use and no Event of Default has occurred during the Term which remains uncured, if Tenant’s Gross Sales during the Period beginning in the 108th month of this Lease through the 120th month (the “Measuring Period”) do not equal or exceed $1,250,000, Tenant shall have the one-time right to terminate this Lease following the expiration of the 10th Lease Year by providing notice to Landlord within 30 days following the end of the 10th Lease Year. Average Freddy’s sales are approximately $1,850,000.

TAXES: Tenant shall be responsible to pay all Taxes with respect to the Premises.

LANDLORD’S INSURANCE: Landlord shall maintain Commercial General Liability Insurance in an amount not less than $1,000,000 for each occurrence and $2,000,000 general aggregate, insuring against claims for bodily injury, personal injury and property damage sustained in, on or about the Project, operations at the Project, independent contractors, products/completed operations, personal and advertising injury and contractual liability.

TENANT’S INSURANCE: Tenant shall maintain the following Commercial General Liability Insurance: General Liability - Occurrence Form: including premises liability, independent contractors, products/completed operations, contractual liability, property damage from explosion, collapse and underground hazards (where applicable). Additional Insured endorsement naming Landlord as Additional Insured. Tenant’s Coverage is Primary and Landlord’s is Excess Aggregate Limit per location endorsement. The policy shall name Landlord and any designee of Landlord as additional insureds. The coverage limits shall be at least $2,000,000 dollars combined single limit with respect to any bodily injury or property damage. This limit may be insured under an umbrella policy.

Tenant shall maintain so called “all risk” fire and extended coverage insurance (including vandalism and malicious mischief insurance, and flood insurance) on the Tenant Improvements with a limit of or in an amount not less than the full replacement value thereof, less the cost of excavations, foundation, footings and underground tanks, conduits, pipes, pilings and other underground items. Payments for losses shall be made solely to Tenant or the mortgagees of Tenant as their interests shall appear, but the insurance shall be applied to the construction of the Tenant Improvements, subject to such modification of the plans and specifications as the parties shall approve.

Tenant may self-insure so long as Tenant maintains a tangible net worth of at least $50,000,000.

REPAIRS & MAINTENANCE: Tenant shall maintain the Tenant Improvements. Tenant’s obligations for Maintenance extend to interior as well as exterior Maintenance, to structural as well as nonstructural Maintenance. Landlord shall have no obligation to make any repairs or to maintain the Tenant Improvements or any portion thereof under any circumstances. In addition to the foregoing, tenant agrees to Maintain the landscaping located in the right of way directly in front of the Premises.

CAM: Tenant shall pay Tenant’s share of Common Area Maintenance charges.

Landlord shall perform the maintenance obligations in accordance with the Declaration. Effective as of the Rent Commencement Date, Tenant shall contribute toward the cost of the operation, repair and maintenance of the Project (the “Outparcel Contribution”) in accordance with the Declaration, the sum of $2,500 per acre per year, and subject to increases as set forth in the Declaration.

CBRE NET LEASE PROPERTY GROUP

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WALMART SUPERCENTER

SAM’SCLUB

CBRE NET LEASE PROPERTY GROUP

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Surrounding Uses

CBRE NET LEASE PROPERTY GROUP

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Surrounding Uses

CBRE NET LEASE PROPERTY GROUP

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Tenant Overview

Freddy’s Frozen Custard & Steakburgers is a fast-casual restaurant

chain specializing in steakburgers, Vienna beef hot dogs and

shoestring fries, and house-churned frozen custard. Founded in

2002, the privately-owned company expanded to more than 200

locations in 29 states, making it one of the fastest-growing fast-casual

restaurant franchises in the country. Currently, Freddy’s employs

more than 8,000 people and the average store has 43 employees.

A typical Freddy’s store is a freestanding building between 2,800

and 3,600 square feet with seating for 100 guests, with most stores

offering outdoor seating as well as drive-thru service. Company

leaders anticipate growth to continue, adding up to 400 additional

stores in the coming years. AC Operations, LLC, is an investor group

with a collective net worth in excess of $50 million that has a 25-store

franchise agreement for the Atlanta area. The group has five stores

currently in operation, three units under construction, and plans to

open four additional stores in 2017.

CBRE NET LEASE PROPERTY GROUP

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Area Overview

SNELLVILLE MARKET OVERVIEW

Snellville, Georgia is an affluent city of approximately 20,000 residents located about 7.5 miles south of Lawrenceville in Gwinnett County. Situated 23 miles northeast of

Atlanta and 45 miles west of Athens, the city is home to upscale housing and ample shopping and entertainment options. In 2006, the city dedicated a newly constructed

City Hall, part of a $6,700,000 project called Towne Center at Snellville that replaced an underused supermarket with a municipal complex. Snellville is also home to Emory

Eastside Medical Center, a 131-bed general medical and surgical hospital. The Eastside Medical Center is one of the area’s largest employers and generates approximately

$371 million for the local and state economy. Efforts to transform Snellville’s city center are ongoing, with plans to incorporate public parks, housing, and office and retail

space. The highlight of these efforts is Towne Center at Snellville, a placemaking initiative by the Snellville Town Council to transform 12+ acres of underused land near the

downtown area into a walkable town center that would include a town green surrounded by a shopping district and a mix of housing types.

GWINNETT COUNTY OVERVIEW

Bisected by Interstate 85 and one of the metro Atlanta’s fastest growing markets, Gwinnett County has evolved over the past 30 years into a self-supporting commercial

and residential center. The opening of the 1.4 MSF Gwinnett Place Mall in 1984 triggered growth to the north and east. This growth most recently took the form of upscale

single-family communities and supporting retail and services centers. Gwinnett Place also kicked off a massive commercial buildup in the area around I-85 and Pleasant

Hill Road, a development surge that took Northeast office inventory from practically non-existent to its current total of 6.2 MSF. In addition, Georgia’s largest mall, the 1.78

MSF Mall of Georgia has further bolstered the development of the area in 1999. Home to more than 200 stores and 500-seat amphitheater, the mall attracts a substantial

population all over the region. In 2001, Simon Property Group also opened a 1.2 MSF Sugarloaf Mills shopping mall further investing in the area.

Gwinnett County has historically been one of the fastest growing counties in the nation. With an estimated population of more than 877,922 (predicted to grow to more

than 1.2 million by 2025) Gwinnett is projected to become the largest county in the state of Georgia within five years. Rapid growth has had a tremendous financial benefit

on the county. Gwinnett county’s bonds were first elevated to AAA status in 1997, making Gwinnett one of only 39 counties in the nation to hold that distinction.

CBRE NET LEASE PROPERTY GROUP

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Area Overview Continued

GWINNETT COUNTY OVERVIEW

ECONOMY

Gwinnett County is one of the strongest economic areas in the Atlanta MSA. Home to Cisco Systems, Atlanta Biologicals, and the 553-bed Gwinnett Medical Center, the area

has a diverse economy based on manufacturing, construction, retail trade and healthcare. The Gwinnett Medical Center is comprised of two hospitals and numerous supporting

medical facilities and employs more than 4,300 employees and 800 physicians. In addition, the AAA minor league baseball Gwinnett Braves of the International League

play at 10,000-seat Coolray Field. Several major corporations are headquartered in Gwinnett, including Waffle House, NCR, Primerica, American Megatrends and the US

headquarters of Canon.

EDUCATION

Public schools for Snellville are operated by Gwinnett County Public Schools. There are 14 public elementary schools, 4 public middle schools, and 5 public high schools.

In addition, the area is home to the Georgia Gwinnett College with an enrollment of 9,719 students as well as the Gwinnett Technical College with an enrollment of

approximately 7,040 students.

ATTRACTIONS

The Infinite Energy Arena has a seating capacity of 13,000, and features a state-of-the-art house reduction system that can easily and comfortably convert the space for

groups from 3,500 to 13,000. It was built as an expansion to the Gwinnett Center, which also includes a 702-seat performing arts center and a convention center.

TRANSPORTATION

Gwinnett’s solid transportation network is well facilitated by roadways, air, rail, and ports, placing Gwinnett within two days of 60 percent of the US population. Highways

I-85 and I-985 traverse the county, as do Georgia Highways 316, 29, 78, 23, and 141. The county and state have invested more than $700 million dollars in recent road

improvements including the reconstruction and improvements to the I-85/316 interchange, the largest road project in DOT history.

CBRE NET LEASE PROPERTY GROUP

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Area Overview

GREATER ATLANTA

Atlanta is the hub and economic engine of the Southeast, which is the fastest growing region in the U.S. The city’s thriving economy and job base, coupled with its high

quality and low cost of living, make it an ideal destination to draw young and educated talent from the region’s major universities.

With an overall population of 5.7 million throughout the 28–county metro area, Atlanta is the ninth–largest Metropolitan Statistical Area (MSA) in the United States and is

projected to be the 6th most populated metro area by 2020. Over the course of the 1990s and into the 2000s, Atlanta evolved from the regional “capital” of the Southeast

into its current distinction as a leading international city for business. During that period of time, Atlanta led the U.S. economy in terms of job growth, averaging between

80,000 and 100,000 new jobs created each year for several years. While the job market cooled between 2008 and 2010, over the last two years, Atlanta’s positive

economic momentum has returned. Atlanta prospers by combining layers of logistical advantages with low cost of doing business, an educated workforce and high quality

of living. Diversified and substantial investment from corporations and state and local governments make Atlanta an incredible place to do business. As further proof that

Atlanta is a mainstay of global commerce, this fast-growing metropolis is also host to the busiest airport in the world, Hartsfield-Jackson Atlanta International Airport.

CBRE NET LEASE PROPERTY GROUP

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GREATER ATLANTA

ECONOMIC STRENGTH AND STABILITY

»» Atlanta’s economy ranks 15th among world cities and sixth in the nation

»» Home to 18 Fortune 500 company headquarters, including Delta, Coca-Cola, UPS, The Home Depot, and Southern Company. Also home to notable private companies and major subsidiaries including GE Power Systems, Georgia Pacific, Cox Enterprises, Porsche USA, and Novellis.

»» Over 2,100 international companies are represented in Atlanta

»» Total employment base stands at 2.46 million jobs

»» Cost of living is below the U.S. average

»» Atlanta has been recognized for some of the lowest operating costs in the nation

»» Hartsfield-Jackson Atlanta International Airport is #1 in the world in passenger volume, serving 90+ million passengers annually with over 90 international destinations in 55 countries

MAJOR POPULATION CENTER

»» The 28-county MSA–the nation’s 9th largest–contains approximately 5.7 million people

»» More than 58% of individuals 25+ years of age have post-secondary education, well above the national average of 52%

»» Median household income has increased 62% since 1990, with 22.5% of households

currently earning $100,000+ annually

HIGHLY EDUCATED WORKFORCE

»» Ranked as 7th Major U.S. city for production of graduates with Bachelor’s degrees or higher

»» Home to more than 50 accredited universities, colleges, and technical schools including Georgia Institute of Technology, Emory University, Georgia State University, and the Atlanta University Center which includes Clark, Spelman, and Morehouse Colleges

Area Overview

CBRE NET LEASE PROPERTY GROUP

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CBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a waythat benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum.

CONFIDENTIALITY AGREEMENTThis is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.

This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions

relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.

Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.

The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’sobligations therein have been satisfied or waived.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and

treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc.

DISCLAIMER© 2016 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc.does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent thecurrent or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax,financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

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Actual Location

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Brian Pfohl Capital Markets ManagerT +1 404 504 7893 [email protected]

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