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

Click Image For Online Property Map

Representative Photo

Same Prototype and Developer

MARCH 8, 2018 - DOLLAR TREE CREDIT RATING UPGRADED TO “BBB-”

CLICK HERE FOR MORE INFORMATION REGARDING JUMP

DISCLOSURE :

All materials and information received or derived from Fortis Net Lease (hereinafter collectively referred to as “FNL”), its directors, officers, agents, advisors, af-

filiates and/or any third party sources are provided without representation or warranty by FNL its directors, officers, agents, advisors, or affiliates as to com-

pleteness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, suitability, finan-

cial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither FNL its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, 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 these and other matters of significance to such party. FNL will

not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

ALL PARTIES SHALL CONDUCT THEIR 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 and investiga-

tions including through appropriate third party independent professionals selected by such party.

All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate inde-

pendent professionals. FNL makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assump-

tions. FNL 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 or performance. Any estimates of market rents and/or projected rents that

may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable con-

tractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the proper-

ty.

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 a title officer or attorney. Questions regarding the condition of the property and whether the

property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other

consultants and governmental agencies. All properties and services are marketed by FNL in compliance with all applicable fair housing and equal opportuni-

ty laws.

E XC LU S I V E LY L I S T E D BY: FRANK ROGERS MICHAEL V. CARTER BROKER OF RECORD:

Senior Advisor Senior Director MIKE FENNESSY | Dietz Commercial, LLC

248.419.3741 248.419.3812 LN # 2013001375 frogers@fortisnetlease.com mcarter@fortisnetlease.com

FAMILY DOLLAR | 10 YEAR NN CORPORATE LEASE | 2017 BTS CONSTRUCTION

INVESTMENT HIGHLIGHTS

• Brand New 2017 Built-to-Suit Construction for National Tenant

• Equipped with (6) Additional Five Year Options w/ Increases

• Corporately Guaranteed by Dollar Tree Stores, Inc.| S&P “BBB-”

• NN+ Lease Terms Require Very Minimal Landlord Responsibilities

• Investment Grade Tenant & Depreciable Asset

• Manageable Price Point and Excellent Asking Cap Rate

LOCATION HIGHLIGHTS

• Population Exceeds 8,100 w/in 5 Mile Radius of Property

• Average Household Income Exceeds $61,000 Within 5 Miles

• Subject Property Will Serve As Community’s Discount Retail Store

• Property is Located off HWY 172, Just East of Canton, OH

• Lisbon is Located Amongst Akron, Youngstown, & Canton MSAs

TENANT HIGHTLIGHTS

NYSE Ticker Symbol: DLTR

Stock Information: Click HERE:

2016 Revenue: $10,69 Billion

S&P Credit Rating: BBB-

Tenant Website Click HERE:

INVESTMENT SUMMARY

List Price: $1,106,993

Current NOI: $85,792

Initial Cap Rate 7.75%

Land Acreage: 1.38 Acres

Year Built: 2017

Building Size: 8,400 SF

Google Maps: Click HERE:

Google Street view: Click HERE:

LEASE SUMMARY

Lease Type: NN+

Taxes/CAM/Insurance: Tenant Responsibility

Roof/Structure/HVAC: Landlord Responsibility

*Manufacturer Roof Warranty

Parking Lot Maintenance: Tenant Responsibility

Parking Lot Replacement: Landlord Responsibility

Original Lease Term: 10.5 Years

Start Date: October 2017

Expiration: June 2028

Term Remaining: 10 Years

Rent Increases: 5% in Option 1

Various Increases in Options 2-6

Renewal Options: (6), Five Year Options

Operating Tenant: Family Dollar Stores of Ohio, LP

Lease Guarantor Corporate

ROFR: NO

F A M I LY D O L L A R | F O R T I S N E T L E A S E

INVESTMENT OVERVIEW

Fortis Net Lease is proud to present a brand new free standing O’Reilly Auto Parts located in Prestonburg, KY off of Highway 114. O’Reilly Au-

to signed a brand new 20 year primary term with a 6.0% rent increase in year 11. This a built-to-suit constructed building for the investment

grade tenant which is set to deliver in the second quarter of 2017.

The lease is double net in nature, which leaves the landlord responsible for the roof & structure, and parking lot of the property. The lease is

also equipped with three additional (5) year option periods, each of which present 6.0% rent bumps. Additionally, the lease is corporately

guaranteed by O’Reilly Auto Parts, Inc., an investment grade national tenant., who’s S&P credit rating is “BBB.”

The subject property is located along a major thoroughfare leading into downtown Prestonburg, which boasts an average daily traffic

count of 22,000 VPD at the subject property’s egress/ingress. The average household income within 5 miles of the property is over $46,000,

and the population within 5 miles if over 11,500. This demographic make-up is perfect for the tenant ORLY.

TENANT OVERVIEW

In November 1959, Leon Levine opened the first Family Dollar store in Charlotte, North Carolina, and was on his way to becoming a retailing

legend. Leon Levine believed he could offer his customers a variety of high-quality, good value merchandise for under $2. The concept is a

simple one, "The customers are the boss, and you need to keep them happy."

The average size of a Family Dollar store is approximately 7,000 square feet, and most stores are operated in leased facilities. This relatively

small footprint allows the Company to open new stores in rural areas and small town, as well as in large urban neighborhoods. A general

floor plan used in each of the stores allows customers to easily shop for their favorite products in any Family Dollar store. With the stores uni-

formly laid out and stocked, store managers are able to focus on providing good customer service. This concept for a self-serve, cash-and-

carry neighborhood discount store in low to middle income neighborhoods proves so successful that today Family Dollar is a chain with over

8,000 stores from Maine to California. In 2015, Family Dollar became a wholly owned subsidiary of Dollar Tree.

F A M I LY D O L L A R | F O R T I S N E T L E A S E

TENANT OVERVIEW

Family Dollar was founded in 1959 by Leon Levine, a 21-year-old entrepreneur. In November of that year, the company’s first store was opened,

in Charlotte, North Carolina. In 1961, their first store in South Carolina opened, followed by stores in Georgia and Virginia, which were opened in

1962 and 1965, respectively. During the 1960s, the store company was largely a southern United States operation. By 1969, there were fifty stores

in Charlotte alone.

On July 28, 2014, Dollar Tree announced that it would acquire Family Dollar for $74.50 per share, a deal valuing Family Dollar at $8.5 billion, and

that Dollar Tree would also assume $1 billion in debt currently owed by Family Dollar, for a total of $9.5 billion. This acquisition allowed for Dollar

Tree to grow their dollar store network to over 13,000 stores and annual sales exceeding $20B a year.

Headquartered in Chesapeake, VA, Dollar Tree is the largest and most successful single-price-point retailer in North America, operating thou-

sands of stores across 48 contiguous U.S. states and five Canadian provinces, supported by a solid and scalable logistics network.

For Additional Information on Family Dollar, please click HERE.

Tenant Snapshot

• “Strong Grade” S&P Rating of BBB-

• Recently Acquired by Dollar Tree For $9.5 B

• Operates in 44 States Over 8,000 Locations

• Adding New Locations Every Year

• Revenue of $10.489 Billion Last Fiscal Year

• Ranked #281 on Fortune 500

F A M I LY D O L L A R | F O R T I S N E T L E A S E

Columbiana County Ohio

Lisbon is a village in Center Township, Columbiana County, Ohio, United States. The population was

2,821 at the 2010 census. It is the county seat of Columbiana County. Lisbon is located in the Salem,

OH Micropolitan Statistical Area, as well as the southern regions of the greater Mahoning Valley.

Columbiana County is a county located in the U.S. state of Ohio. As of the 2010 census, the popula-

tion was 107,841. The county seat is Lisbon. The county name is derived from the explorer of the

Americas, Christopher Columbus.

Columbiana County comprises the Salem, OH Micropolitan Statistical Area, which is also included in

the larger Youngstown-Warren, OH-PA Combined Statistical Area. It also abuts the Pittsburgh ar-

ea directly to the east and south. Pittsburgh International Airport is only a 35-minute drive southeast

of East Liverpool, while Downtown Pittsburgh is only 50 minutes away.

Due to its location, Columbiana County is traditionally considered part of both Appalachian

Ohio and the Steel Valley, sharing more in common culturally with neighboring Western Pennsylva-

nia and West Virginia (both of which are also part of Appalachia) than much of Northeast Ohio in

general. Officially considered part of the Youngstown television market, the Steubenville television

market regularly reports in the area as well.

The Youngstown–Warren–Boardman metropolitan area, typically known as the Mahoning Valley or

the Steel Valley, is a metropolitan area in Northeast Ohio in the United States, with the city

of Youngstown, Ohio at its center. According to the US Census Bureau, the metropolitan statistical

area (MSA) includes Mahoning and Trumbull counties in Ohio and Mercer county in Pennsylvania.

As of the 2010 census, the MSA had a population of 565,773. his area also has a strong commuter

interchange with Cleveland and Pittsburgh and their metropolitan areas. It is located at the geo-

graphic center of the Rust Belt of the United States which stretches from Minneapolis in the west

to Johnstown and Altoona in the east.

F A M I LY D O L L A R | F O R T I S N E T L E A S E

K O H L ’S | F O R T I S N E T L E A S E F A M I LY D O L L A R | F O R T I S N E T L E A S E

8,049+ People Live

Within 5 Miles

Average Household Income

Exceeds $61,330

Within 5

F A M I LY D O L L A R | F O R T I S N E T L E A S E

Click Image For Online

Property Map

Radius 1 Mile 3 Mile 5 Mile

Population:

2021 Projection 1,022 3,019 7,950

2016 Estimate 1,023 3,033 8,049

2010 Census 992 2,987 8,216

Growth 2010-2016 2.42% 3.54% 1.22%

2016 Population Hispanic Origin 12 32 65

2016 Population by Race:

White 996 2,956 7,878

Black 10 28 58

Am. Indian & Alaskan 1 3 9

Asian 2 5 14

Hawaiian & Pacific Island 0 1 5

Other 14 40 85

Households:

2021 Projection 417 1,217 3,133

2016 Estimate 418 1,223 3,173

2010 Census 406 1,205 3,243

Growth 2016 - 2021 (0.24%) (0.49%) (1.26%)

Growth 2010 - 2016 2.96% 1.49% (2.16%)

Owner Occupied 328 966 2,493

Renter Occupied 90 257 681

2016 Avg Household Income $64,662 $64,093 $61,330

2016 Med Household Income $52,273 $51,326 $48,358

F A M I LY D O L L A R | F O R T I S N E T L E A S E

E XC LU S I V E LY L I S T E D BY:

FRANK ROGERS MICHAEL V. CARTER

Senior Advisor Senior Director

248.419.3741 248.419.3812

frogers@FNLRE.com mcarter@FNLRE.com [ www.fortisnetlease.com ]