7.0% CAP6901 MOFFETT ROAD, MOBILE, AL 36618

2 - T E N A N T R E T A I L C E N T E R | S H E R W I N - W I L L I A M S & C R O S S F I T $943,385

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$943,385 | 7.0% CAP

• Two Tenant Retail Center - Sherwin-Williams andCrossFit - NN Lease

• Strong 5 Mile Population of 63,500+ Residents

• Impressive Traffic Counts of 21,100+ VPD Directly inFront of Subject Property (Moffett Rd.)

• Positioned on a Dense Retail Corridor With SeveralNational Credit Tenants Including Walmart, DollarTree, McDonald's, and Walgreens

• Located 13 Miles From Downtown Mobile, Alabama -the Third Most Populous City in the State With105,100+ Residents

MOBILE, AL

EXCLUSIVELY MARKETED BY:

COLE HOWARD469.371.6178 | cole@trinityreis.com

Property Name: 2-Tenant Retail CenterSherwin-Williams & CrossFit

Price: $943,385

Cap Rate - Current: 7.0%

Year Built: 2002

Price (PSF): $103.31

No. of Tenant Spaces: 2

Building Area: 9,132 SF

Type of Ownership: Fee Simple

Percent Occupied: 100.0%

Land Area: 1.5 Acres

PROPERTY DETAILS:

6901 MOFFETT ROAD | MOBILE, ALINVESTMENT OVERVIEW

TENANT

NAME GUARANTOR

LEASE

TYPE

UNIT

NUMBER

LEASE

START

LEASE

END

RENT

PSF

ANNUAL

RENT

SQUARE

FOOTAGE

PRICE

PER SF/YR

OPTIONS AND

INCREASES

Sherwin-Williams The Sherwin-Williams Company NN 1 4/17/2002 12/31/2029 $7.34 $45,037 6,132 $7.34 Five (5), 5-Year; 8%

CrossFit CrossFit, Inc. NN 2 10/6/2016 8/31/2020 $7.00 $21,000 3,000 $7.00 Please Inquire

Totals/Averages $66,037 9,132 SF $7.23

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6901 MOFFETT ROAD | MOBILE, ALRENT ROLL

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POPULATION 1 MILE 3 MILE 5 MILE

Census Population (2010) 3,256 16,613 62,467

Estimated Population (2019) 3,479 16,276 63,521

Projected Population (2024) 3,518 16,194 63,650

POPULATION GROWTH

2010-2019 (Historical) 6.85% (2.03%) 1.69%

2019-2024 (Projected) 1.12% (0.50%) 0.20%

CONSUMER SPENDING

Aggregate (in Thousands) $34,379 $143,435 $552,111

HOUSEHOLD INCOME

2019 Average $69,939 $64,931 $63,148

2019 Median $48,282 $48,992 $48,140

DEMOGRAPHICS

6901 MOFFETT ROAD | MOBILE, ALDEMOGRAPHICS OVERVIEW

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2019-2024Growth/Yr:Population

.20%

2019 AverageHousehold Income

$63,1482019 TotalPopulation

63,521

MOBILE 5 MILE RADIUS KEY DEMOGRAPHICS

Mobile is home to several higher education institutionsinluding the University of South Alabama, FaulknerUniversity, Spring Hill College, and the University of Mobile.

Considered one of the Gulf Coast's cultural centers, Mobilehas several art museums, a symphony orchestra,professional opera, professional ballet company, and a largeconcentration of historic architecture.

Mobile is known for having the oldest organized Carnival orMardi Gras celebrations in the United States. This two-weekevent attracts an average of 1 million people each year.

Mobile is the third-largest city in Alabama and the largestmunicipality on the Gulf Coast between New Orleans,Louisiana, and St. Petersburg, Florida. Mobile's totalpopulation as of 2019 was 189,500+.

The Port of Mobile has always played a key role in theeconomic health of the city and is currently the twelfth-largest port in the United States.

The economy of Mobile employs 81.4k people. The largestindustries in the city are health care & social assistance,retail trade, and accommodation & food services.

6901 MOFFETT ROAD | MOBILE, ALLOCATION OVERVIEW

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6901 MOFFETT ROAD | MOBILE, ALRETAIL MAP

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6901 MOFFETT ROAD | MOBILE, ALRETAIL MAP

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6901 MOFFETT ROAD | MOBILE, ALRETAIL MAP

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6901 MOFFETT ROAD | MOBILE, ALADDITIONAL PHOTO

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6901 MOFFETT ROAD | MOBILE, ALADDITIONAL PHOTO

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6901 MOFFETT ROAD | MOBILE, ALADDITIONAL PHOTO

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6901 MOFFETT ROAD | MOBILE, ALADDITIONAL PHOTO

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TENANT SUMMARYSherwin-Williams is an American Fortune 500 company in the general building materials industry. Founded by Henry Sherwin and Edward Williams inClevelend, OH in 1866, the company has only experienced substantial growth throughout the years, becoming the second largest paint manufacturer in theworld and largest in the United States. They primarily engage in the manufacture, distribution, and sale of paints, coatings and related products.Sherwin-Williams prides themselves on maintaining strong relationships, allowing them to continue being the leading paint and coatings company for over 150years.

STRATEGYSherwin-Williams has been in business since 1866. The Company's core business is the manufacture, distribution and sale of coatings and related products.Sherwin-Williams has annually increased dividends since 1979. In 2015, Sherwin-Williams was recognized as the most used brand as well as the winner for brandfamiliarity and quality rating in the Paints category by Builder magazine. The company's guiding values include Integrity, Quality, Performance, Innovation, andGrowth. They stand by their slogan "What is Worth Doing is Worth Doing Well", by providing quality of services and products to customers across the country.

Tenant Name: Sherwin-Williams

Tenant Type: Home & Garden

Parent Company Trade Name: The Sherwin-Williams Co.

Ownership: Public

No. of Locations: 4,000+ Locations

Website: sherwin-williams.com

Year Founded: 1866

Credit Rating (S&P): BBB

No. of Employees: 30,700+ Employees

Headquartered: Cleveland, OH

TENANT DETAILS:

6901 MOFFETT ROAD | MOBILE, ALSHERWIN-WILLIAMS OVERVIEW

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TENANT SUMMARYCrossFit has experienced rapid growth since the company opened its first gym in 2000. With its high-intensity mix of weight training, cardio, and gymnastics,the company now operates in more than 15,000 locations and 160 countries. Americans are joining CrossFit gyms, known in industry parlance as boxes, by thethousands to get in on the trend of the boutique, specialized fitness experience.

CrossFit members are greeted by barbells, Olympic weightlifting platforms, climbing ropes attached to high ceilings, rowers, and gymnastic bars and rings.Workouts are conducted in structured classes led by trainers, known as coaches, who are required to attend a CrossFit certification class.

STRATEGYPerhaps the biggest difference between a CrossFit gym and a traditional gym is the price. While traditional gyms frequently offer membership specials for aslittle as $10 or $20 per month, a CrossFit membership fee varies depending on the plan, but can easily top $150 per month. CrossFit justifies the high price bynoting the individual attention members receive from coaches, stating the experience is more akin to personal training than to working out at a traditionalgym.

Tenant Name: CrossFit

Tenant Type: Gym

Parent Company Trade Name: CrossFit, Inc.

Ownership: Private

No. of Locations: 15,000+

Website: crossfit.com

Year Founded: 2000

No. of Employees: 95,000+ Trainers (as of 2020)

Headquartered: Santa Cruz, CA

TENANT DETAILS:

6901 MOFFETT ROAD | MOBILE, ALCROSSFIT OVERVIEW

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6901 MOFFETT ROAD | MOBILE, ALDISCLAIMER

All materials and information received or derived from Trinity Real Estate Investment Services its directors, officers, agents, advisors, affiliates and/orany third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, complianceor lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financialperformance of the property for any party’s intended use or any and all other matters.

Neither Trinity Real Estate Investment Services its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express orimplied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source,whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine theseand other matters of significance to such party. Trinity Real Estate Investment Services will not investigate or verify any such matters or conduct duediligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Trinity Real EstateInvestment Services makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data orassumptions. Trinity Real Estate Investment Services does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney.Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with atitle officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by Trinity Real Estate Investment Services in compliance with all applicable fair housing and equal opportunitylaws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warrantyor representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease orfinancing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not representcurrent or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property andtransaction.

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CONTACT INFORMATION

EXCLUSIVELY MARKETED BY:

BROKER OF RECORD

COLE HOWARD469.371.6178cole@trinityreis.com

ROBERT FISHERKeller Williams RealtyAL #000076131