Cooper Commercial Investment Group 6120 Parkland Blvd., Suite 206 Cleveland, OH 44124 www.coopergrp.com

Bob Havasi bhavasi@coopergrp.com (216) 562-1981 x10

Dan Cooper dcooper@coopergrp.com (216) 562-1981 x12

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INVESTMENT SUMMARY

Investment Highlights …...………… 4

Investment Overview .……..………. 5

Location Overview …………...……. 6

Offering Summary …………….….… 7

Tenant Overview ………………..….. 8

PROPERTY ANALYSIS

Site Plan ………….………….……… 10

Aerial Maps ……………...……….…. 11-12

Location Maps .…………………..…. 13

Demographics ..………………...…... 14

Disclosure & Confidentiality ........…. 15

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• Brand-New (2020), Single-Tenant Construction (Expected Early Fall 2020 Opening): Largest Ohio Credit Union, Wright-Patt with 15-Yr., Absolute NNN Ground Lease with 10% Rental Increases Every 5 Years

• #1 Credit Union in Ohio and in Top 50 in the Country: Locations in Southwest and Central Ohio with Customer Access to Over 40,000 ATMs and 5,300 Shared Branching Locations

• NO Mgmt. Responsibilities: Tenant Directly Handles ALL Maintenance, Repairs and Operating Expenses

• High Growth Suburb with Ideal Demographics: Densely Populated Area with a 232,155 Residents and Average Household Incomes of $72,200+ Within 5-Miles

• Positioned Directly Across From Brand-New, $20 Million, 103,000 S.F. Kroger Marketplace, Expected New Chipotle and Adjacent to Advance Auto, While Being Surrounded by Other Complimentary Retailers: Texas Roadhouse, Outback Steakhouse, City Barbeque, Burlington/Baby Depot, VCF, Verizon, At Home, Rally’s, Dollar Tree, Harbor Freight Tools, Walgreens, Taco Bell, McDonald’s and Many More

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INVESTMENT HIGHLIGHTS

Wright-Patt Credit Union

• High Traffic Location: Along East Main Street with High Traffic Counts Near 40,000 VPD Directly Passing by Wright-Patt and Convenient Highway Access (Direct Route to Downtown Columbus & OSU): 128,000 VPD at I-270

• Heavy Concentration of Employers: Reynoldsburg’s Largest Employer, LBrands (4.5 Miles) with 4,800 Employees, JCPenney Support Center (3 Miles, 1,790 Employees) and Mount Carmel East Health (Midst of a 4-Year, $310 Million Campus-Wide Modernization Project with a Total of 10,000 Employees in Columbus)

• Direct Access to Columbus’ Employment Landscape (State of Ohio, The Ohio State University, and the United States Government Accounts for an Estimated 55,000 to 60,000 Employees, Combined with Columbus City Schools, the City of Columbus, and Franklin County, the Estimated Number Swells to About 80,000 Employees)

• Quality Education: 1-Mile to Reynoldsburg High School Enrolling 2,000+ Students & 15-Miles to The Ohio State University Main Campus (64,800+ Students)

ADDITIONAL HIGHLIGHTS

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INVESTMENT OVERVIEW

The Cooper Commercial Investment Group has been exclusively retained by ownership to sell the

100% fee simple interest in the brand-new, single-tenant Absolute NNN Ground Lease to

Wright-Patt Credit Union location in the desirable community of Reynoldsburg, a suburb of

Columbus, Ohio. The property is being offered for $2,500,000, representing a new CAP Rate of

5.00%. The bank is under construction by Wright-Patt Credit Union, who hand-picked this

particular location for its robust expansion in Central Ohio. Wright-Patt is the leading credit union

in Ohio and is ranked in the Top 50 in the Country. The bank locations are in Southwest and

Central Ohio with customer access to over 40,000 ATMs and 5,300 shared branching locations.

Wright Patt’s ground lease is expected to commence 4/16/2020 with a 15-year term and multiple

10% rental increases throughout the term. The lease also offers 10% rental increases in each

option period with Wright-Patt handling all on-site maintenance and operating expenses directly,

leaving ownership with NO management responsibilities. Wright-Patt built the building from the

ground up, so they are responsible for every expense incurred and designed the property to

ideally match their specific needs.

The asset is positioned along one of Reynoldsburg’s most heavily traveled roadways due to its

convenient highway access of I-270, which is the beltway loop freeway in the Columbus

Metropolitan Area that provides access to John Glenn Columbus International Airport (7.5 miles).

Traffic counts along E. Main Street are near 40,000 VPD, while I-270 has 128,000 VPD along its

route. Furthermore, the featured property lies just north if I-70, which is the direct route to

Downtown Columbus and The Ohio State University. The main roadway’s constant flurry of traffic

is a result of the complimentary retailers positioned in the corridor, along with the area’s growth.

The $20 million, 103,000 S.F. Kroger Marketplace just opened across the street from Wright-Patt

and rumors of a new Chipotle entering the market are swirling. The retail corridor includes other

retailers, including: Advance Parts, Texas Roadhouse, Outback Steakhouse, Burlington/Baby

Depot, VCF, Verizon, At Home, Rally’s, Dollar Tree, Harbor Freight Tools, Walgreens, Taco Bell,

McDonald’s and many more.

Wright-Patt Credit Union has picked a position in the market that is surrounded by a densely

populated residential community with a population over 232,155 and average household incomes

over $72,200 within a 5-mile radius. The brand-new property is being built with a modern, inviting

appearance, drawing many customers to the area. The Ohio State University to the northwest,

attracts over 64,800 students to the area, along with several other universities and colleges in the

nearby region. Additionally, the property is located in the immediate vicinity of Mount Carmel East

Health, who is in in the midst of a four-year, $310 million campus-wide modernization project that

includes the addition of a new five-story patient tower, a conversion to all-private rooms, the

introduction of level II trauma care, a new surgical suite with 12 operating rooms and 40

perioperative spaces, an expanded cafeteria, a new main entrance and lobby, expanding parking,

peaceful respite areas and park-like outdoor spaces. Additionally, just 3 miles from Wright-Patt is

the JCPenney Customer Support Center that employs approximately 1,790 people and LBrands

(4.5 miles) that employs 4,800 people, creating an abundance of people in the Reynoldsburg area

every day. Due to the fact that the bank is positioned to be serviced by COTA (Central Ohio

Transportation Authority), the center is easily accessible to employees, customers and students.

Many people find that living just outside of Downtown Columbus offers them everything they need

with a short commute to the downtown area. With this property’s strategic placement, coupled

with a location in a dense area of students, employees and residents; the asset is positioned to be

a quality investment for years to come, but one that also offers future income growth potential.

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Reynoldsburg is a city in Fairfield, Franklin, and Licking counties in the State of Ohio. It

is a suburban community in the Columbus, Ohio metropolitan area. Columbus is the

capital and largest city in the State of Ohio, fourth largest city in the American Midwest, and the state's third largest metropolitan area. Columbus is also the county seat of

Franklin County. Columbus is bisected by two major Interstate Highways, Interstate 70

running east–west, and Interstate 71 running north to roughly southwest. The two

interstates combine downtown for about 1.5 miles in an area locally known as "The

Split.” The Interstate 270 Outerbelt encircles the vast majority of the city, while the newly redesigned Innerbelt consists of the Interstate 670 spur on the north side (which

continues to the east past the Airport and to the west where it merges with I-70), State

Route 315 on the west side, the I-70/71 split on the south side, and I-71 on the east. Due

to its central location within Ohio and abundance of outbound roadways, nearly all of the state's destinations are within a 2-hour drive of Columbus. The area has several

airports, most notably Port Columbus International Airport (10 miles from featured

property), on the east side of the city. The featured property is located just north of I-70

and directly east of I-270. Traffic counts at the intersection of Brice Road and I-70 are in

upwards of 99k VPD, while traffic counts at the intersection of I-70 and I-270, which is only .5 miles from the property is in the upwards of 118k VPD, making this a very high

traffic area with a constant flow of traffic near the center. Most residents in the area work in Downtown Columbus or one of its immediate suburbs. The Columbus area is said to be one of the best places to live in the U.S., according to CNN/Money Magazine. Since receiving that distinction, the accolades have continued. The portion of central Ohio that the new Wright-Patt location calls home, was named one of the "Best Places to Get Ahead" in the U.S. by Forbes.com. The Central Ohio employment landscape shows that with the State of Ohio, The Ohio State University, and the United States Government accounting for an estimated 55,000 to 60,000 employees, combined with Columbus City Schools, the City of Columbus, and Franklin County, the estimated number swells to about 80,000 employees. The city has a diverse economy and is home to the Battelle Memorial Institute, the world's largest private research and development foundation; Chemical Abstracts Service, the world's largest clearinghouse of chemical information; and NetJets, the world's largest fractional ownership jet aircraft fleet. The city has the headquarters of five corporations in the U.S. Fortune 500: Nationwide Mutual Insurance Company, American Electric Power, L Brands (Reynoldsburg’s largest employer that includes subsidiary brands such as Bath & Body Works and Victoria’s Secret, 4,800 employees, 4.5 miles northeast), Big Lots and Cardinal Health. The fast-food corporations Wendy's and White Castle are also based in the Columbus, Ohio metropolitan area. Columbus is also home to Abercrombie & Fitch and Bob Evans. Additionally, the Columbus area offers a wide range of financial institutions that supply employment to Central Ohio. JPMorgan Chase is the area's largest financial employer, with Huntington Bank having a headquarters and with significant presence by banks such as KeyBank, Fifth Third, National City Corp. (PNC), Park National Corporation, and Commerce National Bank. In addition to Nationwide, other insurance-based companies in Central Ohio include Motorists Insurance, Grange Insurance, Safe Auto Insurance, and State Auto Insurance.

Many colleges and universities are within close proximity to the center which makes

this a convenient place to live for individuals that are working and going to school in the

Greater Columbus area. Some of the higher education options include: The Ohio State

University Main Campus (64,800+ students), Capital University, Columbus State Community College, Franklin University, Otterbein College and Denison.

LOCATION OVERVIEW

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Price:

Gross Leasable Area:

NOI:

CAP Rate:

Year Built:

Lot Size:

Parking:

Foundation:

Exterior:

Roof:

$2,500,000

2,824 S.F.

$125,000

5.00%

2020

Approx. 1.00 Acre

Approx. 20 Spaces

Concrete

Brick

2020 - New Build

OFFERING SUMMARY

Rental Income:

Expenses:

NOI:

$125,000

($0)

$125,000

Tenant Name:

Executed By:

Lease Type:

Remaining Lease Term:

Tenant Since:

Commencement Date:

Opening Date:

Lease Expiration Date:

Option to Extend:

Rental Increase (s):

Options to Terminate:

Right of First Refusal:

Roof:

HVAC:

Parking Lot Repairs & Maintenance:

Parking Lot Replacement:

Common Area Maintenance:

Real Estate Taxes:

Insurance:

Structure:

Wright-Patt Credit Union

Corporate

Absolute NNN Ground Lease

15 Years

2020

Expected 4/6/2020

Early Fall 2020

Expected 4/5/2035

(7) 5-Yr. Options

2025 and 2030

None

None

Tenant Responsibility

Tenant Responsibility

Tenant Responsibility

Tenant Responsibility

Tenant Handles Direct

Tenant Handles Direct

Tenant Handles Direct

Tenant Responsibility

TENANT SUMMARY

$10,416.67

$11,458.33

$12,604.17

$13,864.58

$15,251.04

$16,776.15

$18,453.77

$20,299.13

$22,329.05

$24,561.95

$125,000.00

$137,500.00

$151,250.00

$166,375.00

$183,012.50

$201,313.75

$221,445.30

$243,589.64

$267,948.60

$294,743.46

Current:

Bump (2025):

Bump (2030):

Option 1:

Option 2:

Option 3:

Option 4:

Option 5:

Option 6:

Option 7:

$44.26

$48.69

$53.56

$58.91

$64.81

$71.29

$78.42

$86.26

$94.88

$104.37

Financial Data

Monthly Annual PSF

Tenant Base Rent Schedule

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Property Name:

Property Address:

Property Type:

Rentable Area:

# of Total Locations:

Corp. Headquarter:

Wright-Patt Credit Union

6523 East Main Street

Reynoldsburg, OH 43068

Absolute NNN Ground Lease

2,824 S.F.

31 / 5,300+ / 40,000 ATMs

Beavercreek, OH

Wright-Patt Credit Union (WPCU) operates 31 Member Center locations in Southwest and Central Ohio, 40,000+ of lower-to-no-fee ATMs, thousands of Shared Branching locations nationwide, and an award winning mobile app. The credit union provides all the conveniences of a traditional bank, but with personal service and commitment to helping customers can save better, borrow smarter, and learn a lot so they can keep more hard-earned money in their pocket. As a credit union, Wright-Patt’s goal is to be the best organization through better value, great rates, trusted expertise, and EXTRAORDINARY service. The bank branches primarily offer deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card,

payment processing, auto loan, and leasing services.

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10

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High School 2,000 Students

Brand-New $20 Million

103,000 S.F.

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Customer Support Call Center:

1,890 Employees

LBrands HQ (2 Miles): 4,800 Employees 13 Miles

64,800 Students

10,000 Total City-Wide Employees

High School 2,000 Students

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6523 E Main St 1 mi radius 3 mi radius 5 mi radius 10 mi radius

Reynoldsburg, OH 43068

POPULATION

2019 Estimated Population 14,116 102,420 232,155 634,483

2024 Projected Population 14,624 106,577 242,464 672,948

2010 Census Population 13,017 92,772 206,300 553,169

Projected Annual Growth 2019 to 2024 0.7% 0.8% 0.9% 1.2%

Historical Annual Growth 2000 to 2019 0.3% 1.2% 1.7% 1.6%

2019 Median Age 38.6 34.7 34.7 34.8

HOUSEHOLDS

2019 Estimated Households 6,096 43,238 93,744 258,753

2024 Projected Households 6,262 44,600 97,003 271,855

2010 Census Households 5,617 39,134 83,210 224,325

Projected Annual Growth 2019 to 2024 0.5% 0.6% 0.7% 1.0%

Historical Annual Growth 2000 to 2019 0.2% 1.2% 1.6% 1.6%

RACE AND

ETHNICITY

2019 Estimated White 60.3% 49.0% 52.8% 55.4%

2019 Estimated Black or African American 31.6% 40.9% 37.2% 35.2%

2019 Estimated Asian or Pacific Islander 2.4% 3.5% 3.6% 3.7%

2019 Estimated American Indian or Native Alaskan 0.2% 0.3% 0.2% 0.3%

2019 Estimated Other Races 5.5% 6.4% 6.1% 5.4%

INCOME

2019 Estimated Average Household Income $71,998 $69,356 $72,263 $75,986

2019 Estimated Median Household Income $57,156 $60,643 $64,153 $66,050

2019 Estimated Per Capita Income $31,175 $29,309 $29,201 $31,081

EDUCATION

(AGE 25+)

2019 Estimated High School Graduate 30.5% 30.1% 29.0% 27.9%

2019 Estimated Some College 26.0% 24.0% 23.8% 21.5%

2019 Estimated Associates Degree Only 10.5% 9.5% 8.7% 7.7%

2019 Estimated Bachelors Degree Only 16.5% 19.2% 19.8% 21.7%

2019 Estimated Graduate Degree 10.3% 10.5% 10.5% 12.2%

BUSINESS

2019 Estimated Total Businesses 651 3,618 6,743 23,815

2019 Estimated Total Employees 5,392 44,234 81,570 349,845

2019 Estimated Employee Population per Business 8.3 12.2 12.1 14.7

2019 Estimated Residential Population per Business 21.7 28.3 34.4 26.6

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DISCLOSURE, CONFIDENTIALITY & DISCLAIMER

CONFIDENTIALITY AGREEMENT DISCLOSURE & DISCLAIMER The information within this Offering Memorandum will set forth an understanding regarding the relationship between the Recipient of this package (the “Recipient”) and The Cooper Group and the confidentiality of the investment information to be supplied to you and your organization for use in considering, evaluating and/or purchasing this property (the “Property”). The recipient acknowledges that all financial, contractual, marketing, and informational materials including but not limited to lease information, occupancy information, financial information, projections, data information and any other similar information provided by The Cooper Group which relates to the Property (collectively, the Confidential Information), whether said information was transmitted orally, in print, in writing or by electronic media is confidential in nature and is not to be copied to any party without the prior consent of The Cooper Group. The Recipient acknowledges and agrees that the Confidential Information is of such a confidential nature that severe monetary damage could result from dissemination of that information to unauthorized individuals. The Recipient shall limit access to the Confidential Information to those individuals in the Recipient’s organization with a “need to know” and shall take all precautions reasonably necessary to protect the confidentiality of the Confidential Information. The Recipient acknowledges and agrees that the Confidential Information and any copies thereof are the property of The Cooper Group and that all such information will be returned to The Cooper Group upon written request. Any offers or inquiries from Recipient in connection with this investment proposal shall be forwarded, confidentiality, to The Cooper Group. Other than The Cooper Group, recipient agrees that neither Recipient nor The Cooper Group shall be obligated to pay any procuring broker fees in connection with this investment unless a separate written Brokerage Agreement is entered into and written acknowledgement of any procuring Brokerage Agreement is received from all parties to the investment transaction. Procuring brokers must provide written introductions of potential investors and receive written acknowledgment from The Cooper Group for representation to be recognized. This 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.

The 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, to be all-inclusive or to contain all or part of the information which perspective Recipients may require to evaluate the purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the economy, market conditions, competition and other factors beyond the control of the owner or The Cooper Group. All references disclosed herein related to acreage, square footages and/or other measurements may be approximations and the best information available. The summaries of information included herein do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Photos herein are the Property and respective owners and use of these images without the express written consent of the owner is prohibited. The owner and the Cooper Group expressly reserve the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or terminate discussions with any entity and any time with or without notice which may arise as a result of review of this Memorandum. Neither the owner or the Cooper Group, 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 its contents; and you are to rely solely on your investigators and inspections of the property in evaluating a possible purchase of the Property. The information contained in this document has been obtained from sources to be reliable. While the Cooper Group does not doubt its accuracy, the Cooper Group has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm the accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current 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.

Cooper Commercial Investment Group 6120 Parkland Blvd., Suite 206 Cleveland, OH 44124 www.coopergrp.com

Bob Havasi bhavasi@coopergrp.com (216) 562-1981 x10

Dan Cooper dcooper@coopergrp.com (216) 562-1981 x12