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

7-ELEVEN11690 SNOW ROADCLEVELAND, OH 44130

i . I n v e s t m e n t O v e r v i e w

i i . F i n a n c i a l S u m m a r y

i i i . Te n a n t O v e r v i e w

i v. M a r k e t S u m m a r y

TABLE of

CONTENTSBROKER:

RYAN GOMEZ Senior Director Capital Markets | Net Lease Group Direct: 760-431-3824Mobile: 858-822-9811ryan.gomez@cushwake.comLicense: CA 01753933

ROBERT DONNELLAssociateCapital Markets | Net Lease GroupDirect: 619-732-3974Mobile: 619-818-5852robert.donnell@cushwake.comLicense: CA 02082187

Listed in conjunction with Ohio Broker of Record:

JIM KRIVANEKLicense: SAL.2011000949

CONTACT:This Confidential Offering Memorandum (“Memorandum”) is being delivered subject to the terms of the Confidentiality Agreement (the “Confidentiality Agreement”) signed by you and constitutes part of the Confidential Information (as defined in the Confidentiality Agreement). It is being given to you for the sole purpose of evaluating the possible investment in 11690 Snow Road, Cleveland, OH 44130 (the “Project”), and is not to be used for any other purpose or made available to any other party without the prior written consent of its exclusive broker, Cushman & Wakefield. This Memorandum was prepared by Cushman & Wakefield based primarily on information supplied by Managing Member. It contains select information about the Project and the real estate market but does not contain all the information necessary to evaluate the Project. The financial projections contained herein (or in any other Confidential Information) are for general reference only. They are based on assumptions relating to the overall economy and local competition, among other factors. Accordingly, actual results may vary materially from such projections. Various documents have been summarized herein to facilitate your review; these summaries are not intended to be a comprehensive statement of the terms or a legal analysis of such documents. While the information contained in this Memorandum and any other Confidential Information is believed to be reliable, neither Cushman & Wakefield nor Managing Member guarantees its accuracy or completeness. Because of the foregoing and since the investment in the Project is being offered on an “As Is, Where Is” basis, a prospective investor or other party authorized by the prospective investor to use such material solely to facilitate the prospective purchaser’s investigation, must make its independent investigations, projections and conclusions regarding the investment in the Project without reliance on this Memorandum or any other Confidential Information. Although additional Confidential Information, which may include engineering, environmental or other reports, may be provided to qualified parties as the marketing period proceeds, prospective purchasers should seek advice from their own attorneys, accountants, engineers and environmental experts. Neither Cushman & Wakefield nor Managing Member guarantees the accuracy or completeness of the information contained in this Memorandum or any other Confidential Information provided by Cushman & Wakefield and Managing Member. Managing Member expressly reserves the right, at its sole discretion, to reject any offer to invest in the Project or to terminate any negotiations with any party at any time with or without written notice. Managing Member shall have no legal commitment or obligations to any prospective investor unless and until a written sale agreement has been fully executed, delivered and approved by Managing Member and any conditions to Managing Member’s obligations thereunder have been satisfied or waived. Managing Member has retained Cushman & Wakefield as its exclusive broker and will be responsible for any commission due to Cushman & Wakefield in connection with a transaction relating to the Project pursuant to a separate agreement. Cushman & Wakefield is not authorized to make any representation or agreement on behalf of Managing Member. Each prospective investor will be responsible for any claims for commissions by any other broker in connection with an investment in the Project if such claims arise from acts of such prospective investor or its broker. This Memorandum is the property of Managing Member and all parties approved by Managing Member and may be used only by parties approved by Managing Member. No portion of this Memorandum may be copied or otherwise reproduced or disclosed to anyone except as permitted under the Confidentiality Agreement.

7-ELEVEN

PROPERTY ADDRESS11690 Snow Road

Cleveland, OH 44130

SIZELand: 0.52 Acres (22,651 sqft)

Bldg: 2,900 sqft

YEAR BUILT1990

FRONTAGE & PARKING SPACESRatio of 4.16/1,000 SF

INVESTMENT HIGHLIGHTS

i . Investment Overview

7-ELEVEN

ABSOLUTE NNN FEE SIMPLE investment with zero landlord responsibilities

Tenant has shown 27 YEARS OF COMMITMENT to the site

Recently EXTENDED 8-YEAR LEASE showing strong commitment with three 5-year options

i . Investment Overview

PROPERTY OVERVIEW

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Snow RdSnow Rd Snow RdSnow Rd

Crafters Wholesale Superstore, LLC

• Located on signalized hard corner with 4 entrances and exits

• 2 miles from Interstate 480 (123,000 VPD), 1 mile from Highway 17 (37,000 VPD), and 1.3 miles from U.S. Route 42 (20,000 VPD)

• Near 300,000 residents in a 5-mile radius

• Cleveland is the second-most populated city in Ohio and 51st largest in the nation

METAL FABRICATION DIVISION

LEASE DETAILS

Lease Type

ABSOLUTE NNN

Lease Guarantor

CORPORATE

Rent Commencement Date

OCTOBER 2, 2017

Lease Expiration Date

SEPTEMBER 30, 2025

Term Remaining on Lease

5+ YEARS

Options

THREE 5-YEAR

Increases

10% INCREASES IN THE OPTIONS

i . Investment Overview ii . FInancial Summary

YEARMONTHLY

RENTANNUAL

RENT

Current – Year 8 $5,312.50 $63,750

Option 1 $5,843.75 $70,125

Option 2 $6,428.13 $77,137

Option 3 $7,070.94 $84,851

Cap Rate

5.5%

Price

$1,160,000

RENT SCHEDULE

Price/ft Bldg.

$400.00

NOI

$63,750

Price/ft Land

$51.21

i i i . Tenant Overview

7-Eleven is the world’s largest convenience store chain operating, franchising and licensing more than 60,000 stores in 18 countries and is also one of the nation’s largest independent gasoline

retailers. As the pioneer of the convenience store concept, 7-Eleven strives to meet the needs of convenience-oriented guests by providing a broad selection of fresh, high-quality products and

services at everyday fair prices, speedy transactions and a clean, friendly shopping environment. Each store maintains a selection of approximately 2,500 different products and services tailored to meet the

needs and preferences of its local clientele. Stores typically vary in size from 2,400 to 3,000 square feet and are most often located on corners to maximize visibility and allow for easy access.

The company’s iconic products have become a substantial part of American culture from its well-known Big Gulp® fountain soft drink and Big Bite® grill items to the Slurpee® beverage and its fresh-brewed coffee. 7-Eleven’s

food service offerings bring guests a proprietary line of prepared-fresh-daily and daily delivered deli sandwiches, wraps, breakfast sandwiches and a wide assortment fruits, salads and baked goods. Serving guests 24 hours a day

is one of the cornerstones of 7-Eleven’s business.

The company operates, franchises and licenses approximately 10,700 stores in the U.S. and Canada. Of the close to 8,200 stores the company operates and franchises in the United States, more than 6,700 are franchised. Outside of the

U.S. and Canada, there are more than 49,300 7-Eleven and other convenience stores in Japan, Taiwan, Thailand, South Korea, China, Malaysia, Mexico, Singapore, Australia, the Philippines, Indonesia, Norway, Sweden, Denmark and United

Arab Emirates.

7-ELEVEN

POPULATION 1 MILE 3 MILE 5 MILE

2019 Total Population: 9,883 110,656 290,702

2024 Population: 9,851 109,533 285,838

Pop Growth 2019-2024: (0.32%) (1.01%) (1.67%)

Average Age: 40.50 41.10 40.20

HOUSEHOLDS 1 MILE 3 MILE 5 MILE

2019 Total Households: 4,587 47,671 121,620

HH Growth 2019-2024: (0.28%) (1.10%) (1.78%)

Median Household Inc: $50,392 $48,459 $46,456

Avg Household Size: 2.20 2.30 2.30

2019 Avg HH Vehicles: 2.00 2.00 2.00

HOUSING 1 MILE 3 MILE 5 MILE

Median Home Value: $130,794 $103,791 $107,176

Median Year Built: 1961 1956 1954

DEMOGRAPHICS

iv. Market Summary

TRAFFIC COUNTS (2018)

COLLECTION ST. CROSS ST. CROSS ST. DIST./DIR.

TRAFFIC VOLUME

DIST. FROM

SUBJECT

Snow Rd Doxmere Dr 0.03 E 17,422 0.03

Chevrolet Blvd Gabriella Dr 0.31 N 14,192 0.04

Stumph Rd Snow Rd 0.05 N 17,218 0.08

Snow Rd Woolman Ct 0.07 W 18,602 0.10

Snow Rd Woolman Ct 0.26 E 14,691 0.43

Chevrolet Blvd Deborah Dr 0.03 N 12,471 0.43

Snow Rd Flower Dr 0.02 W 9,317 0.50

R YA N G O M E Z Senior DirectorCapital Markets | Net Lease Group Direct: 760-431-3824 // Mobile: 858-822-9811ryan.gomez@cushwake.comLicense: CA 01753933

R O B E R T D O N N E L LAssociateCapital Markets | Net Lease GroupDirect: 619-732-3974 // Mobile: 619-818-5852robert.donnell@cushwake.comLicense: CA 02082187

©January 23, 2020 12:13 PM Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. No warranty or representa-tion, express or implied, is made as to the condition of the property (or properties) referenced herein or as to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). Any projections, opinions or estimates are subject to uncertainty and do not signify current or future property performance.

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