MURPHY EXPRESS G R O U N D L E A S E - 2 0 Y E A R S1 0 3 5 S R A N D R D L A K E Z U R I C H , I L 6 0 0 4 7

O F F E R I N G M E M O R A N D U M

Confidentiality and Disclaimer

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 andshould 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, unverifiedinformation to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligenceinvestigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projectedfinancial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, thecompliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans orintentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus &Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty orrepresentation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forthherein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved.

Non-Endorsement Notice

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name isnot intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, orcommercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information,nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy orcompleteness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. ThisMarketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligenceexamination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of anet leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with thesuitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents relatedto the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for someproperties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rentsfor the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flowmay be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/herown investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenantshould default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’slegal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out ofyour investigation and/or purchase of this net leased property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

V I T A L D A T A

R E N T S C H E D U L E

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap

Gross Leasable Area (GLA) 1,200 SF

Price Per Square Foot $1,583.33

Year Built/Renovated 2018

Lot Size 1.00 AC

Type Of Ownership Fee Simple

Proposed Financing All Cash

Cash On Cash Return $95,000 / 5.00%

YEAR ANNUAL RENT RENT/SF CAP RATE

Years 1 - 5 $95,000 $79.17 5.00%

Years 6 - 10 $102,600 $85.50 5.40%

Years 11 - 15 $110,808 $92.34 5.83%

Years 16 - 20 $119,673 $99.73 6.30%

Option 1 $129,246 $107.71 6.80%

Option 2 $139,586 $116.32 7.35%

Option 3 $150,753 $125.63 7.93%

Option 4 $162,813 $135.68 8.57%

1035 S RAND RD LAKE ZURICH, IL 60047A D D R E S S

L I S T P R I C E :C A P R A T E :N O I (NET OPERATING INCOME)

$ 1 , 9 0 0 , 0 0 05 . 0 0 %

$ 9 5 , 0 0 0

L E A S E S U M M A R YLease Type Absolute-Net Ground Lease

Option To Purchase / ROFR No

Sales Reporting No

Rent Commencement 9/18/2017

Lease Expiration 9/30/2037

Rent Increases Every Five Years

Options Four-Five Years

2 0 Y E A R C O R P O R A T E G R O U N D L E A S E

Brand New 20 Year Ground Lease

Corporate Guarantee - 1,400+ Locations

Rental Increases Every Five Years

Four - Five Year Tenant Renewal Options

Absolute Triple-Net (NNN) Lease

Extremely High Average Household Income

Located Along S Rand Rd With Over 39,000 VPD

Situated Next To A New Day Care Facility

Dense Retail Corridor With Numerous National

And Local Retailers

TENANT & PROPERTYHIGHL IGHTS

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap

D E M O G R A P H I C SPOPULATION 1 Miles 3 Miles 5 Miles

2017 Estimate 9,037 39,243 126,744

2010 Census 9,096 38,571 125,014

2000 Census 9,164 37,086 118,857

INCOME 1 Miles 3 Miles 5 Miles

Average $165,222 $168,609 $144,991

Median $119,867 $117,774 $53,466

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

2017 Estimate 2,834 13,376 46,669

2010 Census 2,836 13,058 45,840

2000 Census 2,720 11,925 42,619

Source: © 2015 Experian.

$168,609Average Household

Income 3 Mile Radius

13,376Households Within 3

Mile Radius

39,243Population Within 3

Mile Radius

C O R P O R A T E G U A R A N T E E G R O U N D L E A S E

Since 1996, Murphy USA has been the place people go to save on the gas that fuels their lives. From

the lowest prices on gas to exclusive deals on your family’s favorite snacks and drinks, we’re always

going the extra mile to help you buy smarter and drive farther. Welcome to Murphy USA.

Murphy USA is the place hard-working people count on for big savings on quality gas, so they can

go farther down the road. Our team works hard to provide our customers with the quickest and

friendliest service, as well as the best value. Our principles keep us focused on that mission.

THE GO-TO PLACE FOR BIG SAVINGS

Murphy USA operates more than 1,400 retail stations in 26 U.S. states under our brands, Murphy USA

and Murphy Express. The majority of our locations are positioned near Walmart locations. Our

brands provide quality fuels at the best value to approximately 1.6 million customers a day.

FUELING GROWTH

Throughout 2017, the Murphy USA leadership team will guide us in expanding our store count by 55

to 60 stores. As we follow our growth strategy, our commitment to investors will be to deliver results

and continue the exceptional performance they have come to expect from Murphy USA.

Corporate Profile

Murphy USA is one of the largest independent

retailers of gasoline products and convenience

store merchandise across the Southern and

Midwestern United States. Our stores are 100%

company operated and 90% company

owned; most are adjacent to Walmart stores.

Murphy USA serves approximately 1.6 million

customers per day. Information provided by: https://corporate.murphyusa.com/Corp-About-Us/

C O M P A N Y I N F O R M A T I O N

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap

Population 19,631

44.7% Lived There Over Five Years

Median Age 38.6

Median Household Income $115,330

89,139 Population Within Five Miles

93.4% Of High School Students Graduate

2,512 Businesses Within Lake Zurich

42,800 Average Daily Traffic Counts On US

Route 12

QUICK CITY FACTS

The Village of Lake Zurich has a rich history starting when it was incorporated in 1896, turning

into a summer home resort after US Rt. 12 and IL Rt. 22 were built in the 1920’s, and now as a

thriving suburban community. Lake Zurich is the commercial and industrial center of southwest

Lake County. High income levels and a strong workforce, Lake Zurich is the perfect town to

raise your family, start a business, or shop at one of the many anchor retailers.

Information & Photos Provided By: https://lakezurich.org/

1 0 3 5 S R A N D R D L A K E Z U R I C H , I L 6 0 0 4 7REGIONAL MAP

SALES COMPARABLES

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap

1

Close Of Escrow 7/3/2018

Sales Price $2,912,621

Price/SF $2,427.18

CAP Rate 5.15%

GLA 1,200 SF

Lot Size 1.24 acre(s)

Year Built 2018

Lease Term Remaining 19 Years

MURPHY EXPRESS GROUND LEASEAlt Highway 90 & University Blvd, Sugar Land, TX, 77478

2

Close Of Escrow 1/29/2019

Sales Price $2,598,000

Price/SF $919.97

CAP Rate 5.10%

GLA 2,824 SF

Lot Size 0.85 acre(s)

Year Built 2018

Lease Term Remaining 20 Years

NEW 20-YR. MURPHY EXPRESS GROUND LEASEMcFarland Blvd E & Hargrove Rd E, Tuscaloosa, AL, 35405

3

Close Of Escrow 12/21/2018

Sales Price $1,523,810

Price/SF $1,269.84

CAP Rate 5.25%

GLA 1,200 SF

Lot Size 1.33 acre(s)

Year Built 2017

Lease Term Remaining 20 Years

NEW 20-YR. MURPHY EXPRESS GROUND LEASEAsh Road & Gillespie St, Fayetteville, NC, 28306

4

Close Of Escrow 10/5/2018

Sales Price $1,059,611

Price/SF $423.84

CAP Rate 5.15%

GLA 2,500 SF

Lot Size 0.96 acre(s)

Year Built 2013

Lease Term Remaining 20 Years

MURPHY EXPRESS1495 US Highway 31, Franklin, KY, 42134

MURPHY EXPRESS G R O U N D L E A S E - 2 0 Y E A R S1 0 3 5 S R A N D R D L A K E Z U R I C H , I L 6 0 0 4 7

O F F E R I N G M E M O R A N D U M

E X C L U S I V E L Y L I S T E D

Jeff R. RowlettSenior Vice President InvestmentsSenior Director - National Retail GroupMilwaukee OfficeTel: (262) 364-1924Fax: (262) 364-1910jeff.rowlett@marcusmillichap.comLicenses: WI 74743-94, IL 471.016866