christian brothers - highland pointe, oh

Highland Pointe, OH

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The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and it should not be made available to any other person or entity without the written consent of Marcus & Millichap. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Marcus & Millichap.

This offering memorandum has been prepared to provide summary, unverified financial and physical 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. 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 projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, 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 offering memorandum 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 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. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

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

Confidentiality Agreement

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 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. Marcus & Millichap 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 care-fully 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 com-parable 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 Marcus & Millichap Real Estate Investment Services 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

Net Lease Disclaimer

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Christian Brothers Automotive-Highland Pointe

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. © 2013 Marcus & Millichap ACT ID W0060259

Pricing & Financial analysis

CBAC - HigHlAnd Pointe8127 Highland Pointe DrWest Chester Township, OH 45069

Lease SummaryLease Term 15 YearsLease Commencement At Close of EscrowLease Expiration 15 Yrs From COERemaining Term 15 YearsLease Type NNNRoof & Structure TenantIncreases 1.5% Starting in Yr 6Options 5 x 10 YrOptions to Purchase No

Offering SummaryPrice $2,670,000Cap Rate 6.25%Net Operating Income (NOI) $166,800Year Built 2015Gross Leasable Area (GLA) 4,945 SFLot Size 0.78 AcresFinancing Free & Clear

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Annualized Operating DataPrimary Term Rent IncreasesYrs 1-5: $166,800.00 -Yr 6: $169,302.00 1.50%Yr 7: $171,841.53 1.50%Yr 8: $174,419.15 1.50%Yr 9: $177,035.44 1.50%Yr 10: $179,690.97 1.50%Yr 11: $182,386.34 1.50%Yr 12: $185,122.13 1.50%Yr 13: $187,898.96 1.50%Yr 14: $190,717.45 1.50%Yr 15: $193,578.21 1.50%Net Operating Income $166,800.00

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TenanT & Lease InformaTIon

Christian Brothers Automotive was founded in 1982 because there was a void in the auto repair industry. Customer service and honest, genuine auto repair service was tough to find. They haven’t changed their focus in thirty years. They still have some of the original employees on board, and they still believe that it’s possible to provide the best auto repair service with the best customer service. In 2008, Christian Brothers announced a growth initiative that would take their brand to approximately 200 stores throughout the southeast, lower midwest and southwest United States by 2017.

Tenant SummaryTenant Christian Brothers AutomotiveOwnership PrivateMarket Cap See Agent For DetailsSales Volume See Agent For DetailsNumber of Locations 125+Years In Business 30+ Years Headquarters Houston, TXWebsite www.cbac.com

Notes:(1) The location is currently under construction and projected to be open in September 2015, however this date is subject to change.(2) Property will be available to close escrow on or after 11/21/2015

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Investment HIgHlIgHts

Overview• Long-Term Absolute Triple-Net Lease

• Zero Landlord Responsibility

• 15-Year Primary Term with Options up to 50 Years

• One and One-Half Percent Annual Rent Escalations

• Strong Corporate Guarantee

• 5-Mile Population Exceeds 137,000 People - 31% Increase Since 2000

• Average Household Income is 1.57x More Than National Average

• Traffic Counts Exceed 23,000 Vehicles Per Day

Christian Brothers Automotive in West Chester Township, Ohio is a single-tenant, triple-net asset. Built in 2015, the investment contains a 15-year primary term net lease providing zero landlord responsibility. The lease is guaranteed by the corporation and includes one and one-half percent escalations every year beginning in year six, with options up to 65 years. This single-tenant triple-net asset is not only a beautiful design, but each location also serves as an extremely functional automotive repair facility, thus providing an investor with a quality piece of real estate with a strong growing company.

Christian Brothers Automotive Corporation is a national automotive service franchisor headquartered in Houston, Texas. Today, Christian Brothers Automotive has more than 125 locations across 15 states with an annual expansion rate of 15 stores. They are a leading seller of full service automotive repair franchise locations dedicated to providing high quality service and professionalism, while maintaining the highest level of ethical standards. The company targets high growth, upper income markets with significant real estate appreciation potential. In addition, they choose the site foreach franchise location, as well as construct the building and lease the premises to the franchisee.

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7This 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. © 2013 Marcus & Millichap ACT ID W0060259

Christian Brothers Automotive-Highland PointeElEvation

Note: this is the generic evelation plan for a typical Christian Brothers Automotive location. Actual subject property may vary depending on location.

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Christian Brothers Automotive-Highland PointeSite Plan

Note: this is the generic site plan for all Christian Brothers Automotive locations. Actual subject property may vary depending on location.

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Christian Brothers Automotive-Highland PointeAeriAl MAp

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Christian Brothers Automotive-Highland PointeLocaL Map

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Christian Brothers Automotive-Highland PointeRegional Map

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Christian Brothers Automotive-Highland PointeMarket SuMMary

CINCINNATI, OH

Cincinnati is a city in and the county seat of Hamilton County, Ohio, United States. The third-largest city in Ohio and the 65th-largest city in the United States, it had a population of 296,945 at the 2010 census. According to the census, the population of the metropolitan area was 2,214,954 - the 28th-largest Metropolitan Statistical Area (MSA) in the United States and the largest centered in Ohio. Settled in 1788, the city is located on the north side of the confluence of the Licking with the Ohio River. The latter forms the border between the states of Ohio and Kentucky.

In the early 19th century, Cincinnati was an American boomtown in the heart of the country; it rivaled the larger coastal cities in size and wealth. In 1840 it was the 6th-largest city in the United States by population, surpassed only by the older, established settlements of the Eastern Seaboard and New Orleans. It was by far the largest city in the west. Because it is the first major American city founded after the American Revolution as well as the first major inland city in the country, Cincinnati is sometimes thought of as the

first purely ‘American’ city. It developed with less European immigration or influence than eastern cities attracted in the same period; however, it received a significant number of German immigrants, who founded many of the city’s cultural institutions. By the end of the 19th century, with the shift from steamboats to railroads drawing off freight shipping, trade patterns had altered and Cincinnati’s growth slowed considerably.

Cincinnati is home to two major sports teams, the Cincinnati Reds, one of the oldest franchises in Major League Baseball, and the Cincinnati Bengals of the National Football League. The University of Cincinnati, founded in 1819, is one of the 50 largest in the United States. Cincinnati is known for its historic architecture. In the late 1800s, Cincinnati was commonly referred to as “Paris of America”, due mainly to such ambitious architectural projects as the Music Hall.

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Christian Brothers Automotive-Highland PointeDemographic Summary

Demographic data © 2010 by Experian/Applied Geographic Solutions.

PopulationIn 2014, the population in your selected geography is 137,472. The population has changed by 31.02% since 2000. It is estimated that the population in your area will be 148,967 five years from now, which represents a change of 8.36% from the current year. The current population is 49.34% male and 50.65% female. The median age of the population in your area is 37.7, compare this to the Entire US average which is 37.3. The population density in your area is 1,748.01 people per square mile.

Households There are currently 48,124 households in your selected geography. The number of households has changed by 30.97% since 2000. It is estimated that the number of households in your area will be 52,236 five years from now, which represents a change of 8.54% from the current year. The average household size in your area is 2.83 persons.

Income In 2014, the median household income for your selected geography is $81,591, compare this to the Entire US average which is currently $51,972. The median household income for your area has changed by 17.54% since 2000. It is estimated that the median household income in your area will be $94,695 five years from now, which represents a change of 16.05% from the current year. The current year per capita income in your area is $36,388, compare this to the Entire US average, which is $28,599. The current year average household income in your area is $103,802, compare this to the Entire US average which is $74,533.

Race and Ethnicity The current year racial makeup of your selected area is as follows: 79.66% White, 7.66% Black, 0.17% Native American and 7.94%Asian/Pacific Islander. Compare these to Entire US averages which are: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander. People of His-panic origin are counted independently of race. People of Hispanic origin make up 5.40% of the current year population in your selected area. Compare this to the Entire US average of 17.13%.

Housing In 2000, there were 30,258 owner occupied housing units in your area and there were 6,484 renter occupied housing units in your area. The median rent at the time was $631.

Employment In 2014, there are 74,591 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 74.90% of employees are employed in white-collar occupations in this geography, and 25.12% are employed in blue-collar occupations. In 2014, unemployment in this area is 4.80%. In 2000, the average time traveled to work was 25.1 minutes.

Geography: 5 Miles

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Christian Brothers Automotive-Highland PointeDemographic statistics

Traffic Counts

1 Mile 3 Miles 5 Miles$ 0 - $14,999 6.1% 4.0% 5.4%$ 15,000 - $24,999 5.1% 4.9% 6.0%$ 25,000 - $34,999 11.1% 6.9% 7.0%$ 35,000 - $49,999 10.5% 8.9% 9.8%$ 50,000 - $74,999 19.6% 17.2% 17.4%$ 75,000 - $99,999 15.0% 17.8% 16.1%$100,000 - $124,999 12.8% 14.2% 13.3%$125,000 - $149,999 8.0% 9.7% 8.6%$150,000 - $199,999 7.8% 9.9% 9.6%$200,000 - $249,999 1.7% 2.6% 2.8%$250,000 + 2.5% 3.9% 4.1%2014 Median Household Income $71,962 $86,185 $81,5922014 Per Capita Income $34,238 $37,059 $36,3892014 Average Household Income $90,899 $106,275 $103,803

1 Mile 3 Miles 5 Miles2000 Population 8,633 50,773 104,9182010 Population 8,437 53,327 135,1232014 Population 8,547 54,039 137,4722019 Population 8,630 55,639 148,967

1 Mile 3 Miles 5 Miles2000 Households 3,156 17,050 36,7422010 Households 3,166 18,520 47,2032014 Households 3,219 18,825 48,1242019 Households 3,291 19,498 52,2372014 Average Household Size 2.70 2.85 2.842014 Daytime Population 2,660 23,884 74,5922000 Owner Occupied Housing Units 67.20% 84.86% 78.87%2000 Renter Occupied Housing Units 27.19% 11.76% 16.90%2000 Vacant 5.61% 3.37% 4.23%2014 Owner Occupied Housing Units 69.05% 86.69% 80.24%2014 Renter Occupied Housing Units 30.95% 13.31% 19.76%2014 Vacant 11.40% 4.53% 4.72%2019 Owner Occupied Housing Units 67.21% 86.18% 79.66%2019 Renter Occupied Housing Units 32.79% 13.82% 20.34%2019 Vacant 13.10% 4.86% 4.77%

23,860

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Christian Brothers Automotive-Highland PointeRegional Map

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christian brothers - highland pointe, oh

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