504.525.9763mpou@talbot -realty.com

Offering Memorandum8200 Perkins Rd., Baton Rouge, Louisiana

Talbot Realty Group 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, Talbot Realty Group has not and will not verify any of this information, nor has Talbot Realty Group conducted any investigation regarding these matters. Talbot Realty Group makes no guarantee, warranty or representation whatsoever about the accuracy or completeness 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. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Talbot Realty Group expressly denies any obligation to conduct a due diligence examination 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 a net 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 the suitability 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 related to 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 some properties, 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 rents for 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 flow may 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/her own 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 tenant should 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’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Talbot and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

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 Talbot and should not be made available to any other person or entity without the written consent of Talbot. This Marketing Brochure has been prepared to provide summary, unverified information 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 diligence investigation. Talbot Realty Group has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial 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, the compliance 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 or intentions 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, Talbot Realty Group has not verified, and will not verify, any of the information contained herein, nor has Talbot conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE

Talbot Realty Group 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 is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Talbot Realty Group, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Talbot Realty Group, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

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

CONFIDENTIALITY AGREEMENT

OFFERING MEMORANDUM

8200 Perkins Road Baton Rouge, Louisiana 70810

JANUARY 9, 2019

PRICE: $4,878,000 CAP RATE: 6.85%

On behalf of the owner / developer, Talbot Realty Group is pleased to announce the offering of a free standing, single tenant, absolute NNN

build to suit property on the Perkins Road in Baton Rouge, Louisiana. The property is approximately 92,000 square feet and is leased to PetSuites

of America for a primary term of 20 years. The lease is guaranteed by National Veterinary Associates, Inc. (NVA). NVA is one of the largest

private owners of veterinary hospitals in the country. PetSuites of America, d/b/a PetSuites Resorts & Spa, specializes in pet boarding, day care

and grooming.

The owner closed on the land on October 30, 2017 and commenced construction in late April, 2018 on a 14,000 square foot PetSuites Resorts

& Spa prototype facility. The construction period is approximately eleven (11) months from commencement. The Baton Rouge store will open in

April 2019.

The property is located in East Baton Rouge Parish, Louisiana on Perkins Road. Perkins is a major east/west thoroughfare with easy access to

I-10. The property is approximately 1 mile from Our Lady of the Lake Regional Medical Center, a 1,111 bed hospital, and les than 2 miles from

the Mall of Louisiana. Baton Rouge is the capital of Louisiana.

LEASE SUMMARY

TENANT: PETSUITES OF AMERICA D/B/A PETSUITES RESORTS & SPA

GUARANTOR: NATIONAL VETERINARY ASSOCIATES, INC. (NVA)

PROPERTY: 8200 PERKINS ROAD, BATON ROUGE, LOUISIANA 70810

LAND: APPROXIMATELY 92,000 SQUARE FEET

BUILDING: APPROXIMATELY 14,000 RENTABLE SQUARE FEET

LEASE TYPE: ABSOLUTE NET, NET, NET. NO LANDLORD RESPONSIBILITIES.

ANNUAL BASE RENT: $334,173.93

RENTAL INCREASES: EVERY FIVE (5) YEARS BASED ON INCREASES IN CPI CAPPED AT 12%

PRIMARY TERM: TWENTY (20) YEARS COMMENCING ON SUBSTANTIAL COMPLETION OF THE IMPROVEMENTS.

COMMENCEMENT: APPROXIMATE RENT COMMENCEMENT DATE IS APRIL 15,2019

EXPIRATION: APPROXIMATE EXPIRATION DATE IS APRIL 14, 2039

RENEWAL OPTIONS: TENANT SHALL HAVE FIVE – FIVE (5) YEAR OPTIONS TO RENEW WITH RENTAL INCREASES BASED ON THE INCREASES IN CPI OVER THE PREVIOUS FIVE -YEAR TERM

PETSUITES OF AMERICA

UNPARALLELED CARE. UNEXPECTED VALUE!

PetSuites is “The Leader of the Pack” in the pet boarding industry. For over 15 years, we’ve delivered world-class boarding, daycare and grooming services at conveniently located resorts. Whether you are dropping off your furry family for daycare festivities, pet spa pampering or a vacation stay while you are away, there is peace of mind knowing that PetSuites is caring for your pet’s needs. Our ultimate goal is exceptional customer care for all of our guests.

Our resort is designed just for dogs and cats. We’ve spent countless hours and over 15 years of ensuring that our resorts style and amenities meet each of our guests needs. Our large one level canine boarding area works for any age and activity level. No steps or elevators are needed when walking to your pet’s room. All of our rooms are designed with special flooring that is nice and smooth on our guest’s paws.

What else makes us the Top Dog for boarding, daycare and grooming?

• We offer full-access tours for our customers regarding their pet’s accommodations. You are welcome to visit for a tour anytime during our business hours. We’ll show you everything before your pet arrives – indoor rooms, outdoor play areas, even where we prepare their meals! We believe that earning our client’s trust is critical for our success. We want you to feel welcomed and familiar with our pet resort.

• Our spacious rooms are the cleanest in the industry. Take a look around at other pet boarding options – you’ll see and smell the difference!

• We have specially designed heating and air conditioning systems that ensure a comfortable and healthy environment for our four-legged friends.

• Our canine guests enjoy large outdoor play areas 365 days a year. Outdoor time is essential for the well-being of your pet. Fresh air and sunlight keeps playtimes exciting, potty breaks regular and PetSuites routine consistent with their home environment. Our indoor play area is the perfect oasis during inclement weather.

• We carefully administer most oral or topical medications so your precious pet doesn’t have to miss any doses.

• You will love our state-of-the-art facility, but the thing that separates us from other boarding providers is our friendly, experienced and professional staff. We are simply the best at what we do. Please read our testimonials to learn more!

• We offer grooming and bathing for all breed dogs seven days a week. This fantastic PetSpa service leaves your pampered pet looking and feeling great. Our PetSpa also offers premium spa packages that include the latest treatments like blueberry facials and deluxe de-shedding.

ABOUT PET SUITES PET RESORT & SPA

PETSUITES OF AMERICA

PetSuites Pet Resort & Spa is a pet hotel and boarding facility that provides canine and feline services that include daycare, overnight, and extended stay accommodation. PetSuites also provides exercise and recreation, and full service pet bathing and grooming.

PetSuites is headquartered in Covington, Kentucky and was founded in 2000 as PetSuites of America, Inc. PetSuites currently employs approximately 120 pet care professionals and has since grown to 12 locations in Georgia, Indiana, Kentucky, North Carolina and Ohio with plans underway to expand operations within the next 3-5 years. PetSuites has three locations in the Indianapolis area, which places it as a leader in the region for pet care.

PetSuites was designed to meet the needs of their guests with indoor rooms and outdoor play areas, along with a specially designed heating and air conditioning system that is regulated to ensure pet comfort. PetSuites offers care and boarding 365 days a year. In March 2015, Pet Suites of America was acquired by National Veterinary Associates, Inc. (NVA™), the largest private owner of free-standing veterinary hospitals and boarding facilities in the United States. PetSuites now operates as a wholly-owned subsidiary of NVA.

TENANT OVERVIEW

Tenant Credit Summary

Tenant Name PetSuites of America, Inc.

Parent Company National Veterinary Associates, Inc. (NVA)

Type Private

Year Founded 2000 (Covington, KY)

Industry Consumer Services; Boarding Services, Kennels

# of Locations 12+Headquarters Covington, KYOfficial Website www.petsuitesofamerica.com

Parent Company

Entity Name National Veterinary Associates, Inc. (NVA)

Type Private.

Year Founded 1996

Industry Veterinary Services

# of Locations 462+

Headquarters Agoura Hills, CAOfficial Website www.nvaonline.com

Talbot Realty Group | 747 Magazine St, Suite 7, New Orleans, LA 70130 | www.talbot-realty.com

SITE PLAN

TRACT Z-5

TRACT Z-4-1

PERKINS ROAD

TRACT Z-5-B

TRACT Z-5-A

TRACT Z-5-C

TRACT A

8100 PERKINS RD.

BATON ROUGE, LA

MBP REALTY, LLC

(NOW OR FORM

ERLY)

(M.S.P. 4/100)

80'-11"

24'-0"

EBR UDC INDICATES A REQUIRED BUFFER BETWEEN HEAVYCOMMERCIAL & LIGHT COMMERCIALREQUIRED BUFFER TO BE LANDSCAPED WITH L3 PLATEDESIGN OF CLASS A TREES @ 40' SPACING & CONTINUOS LINEOF EVERGREEN SHRUBBERY.PER ANTONIO CARRIER WITH EBR PLANNING OFFICE,THE LANDSCAPE IS ONLY NEEDED IF IT IS EXISTING LIGHTCOMMERCIAL USE THAT IS ADJACENT. IF BORDERING VACANTLIGHT COMMERCIAL FUTURE DEVELOPMENT WOULD BERESPONSIBLE FOR DESIRED SCREENING.

PARKINGKENNEL IS THE CLOSEST CONFORMING USE SPECIFIED1 SPACE PER 400 SQ. FT. OF FLOOR AREAREQUIRES 35 SPACES31 SPACES PROVIDEDVARIANCE SHOULD BE OBTAINABLE BASED ON USE BEINGNOT EXACTLY KENNELS BUT A MIX OF MULTIPLE USES THATINCLUDE KENNELS

FINAL LAYOUT IS SUBJECT TO SUBMITTAL TO THE PLANNING &ZONING BOARD FOR ULTIMATE DESIGN APPROVAL

SIGNSPER CODE 1 PYLON SIGNALLOWED FOR 0-200' FEET OF FRONTAGE 35' MAX HT.150 SQ. FT. MAX***FOR SIGNS OVER 32 SQ. FT. SETBACK INCREASES FROM 5'TO 10'***

PETSUITES

14,000 SQ. FT.

BUILDING

80'-0"

178'-0"

5'-0"

5'-0"

4'-0"

24'-0"

15'-0"20'-0"

9'-0"

9'-0"

14 SPACES

8'-0"

9'-0"

43'-2"

15'-0"

PER CODE 1 PYLO

N SIGN

ALLOW

ED FOR 0-200' FEET

OF FRO

NTAGE 35' M

AX HT.

150 SQ. FT. M

AX

***FOR SIG

NS OVER 32 SQ

.

FT. SETBACK INCREASES

FROM

5' TO 10'***

5'-0"

17 SPACES

5'

10'

20'

25'

50'

GRAPHIC SCALENO

RTH

NO

RTH

CLOSE-UP AERIAL

RETAIL AERIAL

1 mile 2 miles 3 miles 5 miles

Population

2010 Total 6,811 27,314 62,985 167,810

2016 Total 7,186 28,809 66,102 172,184

2021 Projection 4.8% 3.7% 4.8% 2.9%

Median Age 39.1 39.9 37.5 35.6

Income

Median $58,325 $71,157 $67,381 $61,514

Average $75,516 $92,381 $90,304 $81,320

Households

Average HH Size 2.1 2.2 2.3 2.3

2016 Total 3,494 12,887 29,005 74,657

Employment

Employees 13,825 43,737 88,126 181,527

Employers 497 1,594 3,117 6,926

DEMOGRAPHICS

BATON ROUGE, LOUISIANA

Baton Rouge is the capital of the U.S. state of Louisiana and its second-largest city. It forms the parish seat of East Baton Rouge Parish and is located on the eastern bank of the Mississippi River.

As the capital city, Baton Rouge is the political hub for Louisiana, and is the second-largest city in the state after New Orleans, with an estimated population of 228,590 in 2015. The metropolitan area surrounding the city, known as Greater Baton Rouge, is also the second-largest in Louisiana, with a population of 830,480 people as of 2015. The urban area has around 594,309 inhabitants.

Baton Rouge is a major industrial, petrochemical, medical, research, motion picture, and growing technology center of the American South. The Port of Greater Baton Rouge is the tenth largest in the United States in terms of tonnage shipped, and is the farthest upstream Mississippi River port capable of handling Panamax ships.

The Baton Rouge area owes its historical importance to its strategic site upon the Istrouma Bluff, the first natural bluff upriver from the Mississippi River Delta. This allowed development of a business quarter safe from seasonal flooding. In addition, the city built a levee system stretching from the bluff southward to protect the riverfront and low-lying agricultural areas. The city is a culturally rich center, with settlement by immigrants from numerous European nations and African peoples. It was ruled by seven different governments: French, British, and Spanish in the colonial era, West Floridian, United States territory and state, Confederate, and United States again.

LOCATION OVERVIEW

504.525.9763mpou@talbot -realty.com