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E X E C U T I V E S U M M A R Y

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e x c l u s i v e ly l i s t e d b yd a lt o n b a r n e sSenior Associatedalton.barnes@matthews.comDIR (214) 692-2930MOB (925) 234-1772LIC # 01984625 (CA)

b e a u j . b o xBROKER OF RECORDLIC # BROK.0000072286.A-ACT

B R O K E R O F R E C O R D

b r a d e n c r o c k e t tAssociate VP & Directorbraden.crockett@matthews.comDIR (214) 692-2040MOB (714) 345-6206LIC # 01946071 (CA)

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I n v e s t m e n t H i g h l i g h t s

Fastest Growing Economy in the Nation As Reported by US Commerce Department • Economic growth rate was the fastest in the country in 2016; inflation-adjusted gross domestic product for

the area increased by 8.10%

• $126 billion in industrial announcements since 2012 – 44% of these are already constructed or underway

• 25,000 new construction workers expected – driving the low unemployment rate and growth in population

• Fastest growing MSA in the state of Louisiana for the past four years

• Tremendous amount of new residential, commercial and community development

• Biggest casino market in Louisiana with 11 Casinos. Most recent addition is the $700M Golden Nugget Development that opened in 2014

Deal Highlights• Bite-Sized Deal – offered at a 6.25% cap rate for an attractive price point of $576,000

• Priced below replacement cost

• Recently extended 11-Year lease with Heartland Automotive

• Heartland Automotive is Jiffy Lube’s largest franchisee with ± 550 Locations across the nation

• 10% Increases after Year 6 and in every option

• Low rent of $14.92/SF increasing long-term security of the investment

• Strong traffic counts on Ruth St with almost 20,000 VPD and convenient access to Interstate 10 Hwy

• Strong presence of national retailers including Burger King, McDonald’s, Wendy’s, Taco Bell, Checkers, Popeye’s, Goodwill, Capital 1 Bank, Family Dollar, and Planet Fitness

• Planet Fitness is a brand new development completed in 2017

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LIST PRICE

$576,000

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Annualized Operating DataMonthly Rent Annual Rent Rent/SF Cap Rate

12/1/2017 - 11/30/2023 $3,000.00 $36,000.00 $14.93 6.25%

12/1/2023 - 11/30/2028 $3,300.00 $39,600.00 $16.42 6.88%

Option 1 $3,630.00 $43,560.00 $18.06 7.56%

Option 2 $3,993.00 $47,916.00 $19.87 8.32%

Option 3 $4,392.00 $52,704.00 $21.85 9.15%

Tenant Summary

Tenant Trade Name Jiffy Lube

Type of Ownership Fee Simple

Lease Guarantor Heartland Automotive Services

Lease Type NN+

Roof and Structure Landlord Responsible for Structure

Original Lease Term 10 Years

Rent Commencement Date 7/1/2010

Lease Expiration Date 11/30/2028

Increases 10% After 5 Years in Options

Options Three, 5-Year Options

EXECUTIVE SUMMARY

Property Name Jiffy Lube

Property Address1911 Ruth St

Sulphur, LA 70663

Gross Leaseable Area ± 2,412 SF

Lot Size ± 0.41 Acres (17,860 SF)

Year Built 2010

LIST PRICE

$576,000

CAP RATE

6.25%

TERM REMAINING

± 11 Years

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J i f f y L u b e

A leading provider of oil changes and a subsidiary of Shell Oil Company, Jiffy Lube boasts more than 2,100 outlets led throughout North America that are all independently owned by operators. Besides oil changes, Jiffy Lube facilities provide maintenance services for air conditioning, fuel systems, and transmissions. At some of its locations, it also performs inspections and emissions testing, repairs windshields ,and rotates tires. Serving about 22 million customers annually, Jiffy Lube caters to several fleet management firms such as Donlen, Emkay, Voyager and PHH. Heartland Automotive Services, Inc. is a franchisee company that operates over 530 Jiffy Lube locations in the United States.

STRATEGY

Jiffy Lube focuses on its four key areas of preventative maintenance service: change, inspect, check/fill, and clean. The company’s extensive technician training program has made Jiffy Lube an Automotive Service Excellence (ASE) Accredited Training Provider. With a focus on reuse, Jiffy Lube makes a point to collect more used oil than any of its competitors in North America. The oil is then refined and used for making concrete, generating electricity, and heating asphalt to pave roads.

GEOGRAPHIC OUTREACH

Jiffy Lube has an approximate 2,100 franchised service centers in North America and Canada.

P A R E N T C O M P A N Y T R A D E N A M ER O Y A L D U T C H S H E L L P L C ( A D R )

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PROPERTY NAMEProperty Name Jiffy Lube

Property Address 1911 Ruth StSulphur, LA 70663

Assessor’s Parcel Number 031010-0000-420002703-0000

SITE DESCRIPTIONNumber of Stories One

Year Built 2010

GLA ± 2,412 SF

Lot Size ± 0.41 Acres (17,860 SF)

Parking ± 4 Surface Spaces

Parking Ratio 1.66 : 1,000 SF

Landscaping Professional

Topography Generally Level

CONSTRUCTIONFoundation Concrete Slab

Framing Steel

Exterior Brick

Parking Surface Asphalt

Roof Flat

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POPULATION 1 Mile 3 Mile 5 Mile

2022 Projection 5,046 25,911 34,830

2017 Estimate 4,729 24,589 33,082

2010 Census 4,911 24,970 33,491

Growth 2017-2022 6.70% 5.37% 5.28%

HOUSEHOLDS 1 Mile 3 Mile 5 Mile

2022 Projection 2,227 10,666 14,132

2017 Estimate 2,028 9,820 13,025

2010 Census 2,039 9,672 12,785

Growth 2017-2022 9.84 % 8.62 % 8.49 %

INCOME 1 Mile 3 Mile 5 Mile2017 Est. Average Household Income $58,231 $63,174 $67,403

S u l p h u r , L A

Sulphur is a city in Calcasieu Parish, Louisiana. Sulphur is part of the Lake Charles Metropolitan Statistical Area. The city lies on Interstate 10 between the towns of Vinton and Westlake, approximately 20 miles east of the Texas border and is 9 miles to the east of Lake Charles.

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L a k e c h a r l e s , l a

Lake Charles is the fifth-largest incorporated city in the U.S. state of Louisiana, located on Lake Charles, Prien Lake, and the Calcasieu River. Founded in 1861 in Calcasieu Parish, it is a major industrial, cultural, and educational center in the southwest region of the state.

Lake Charles is the principal city of the Lake Charles Metropolitan Statistical Area, having a population of 202,040. It is the larger principal city of the Lake Charles-Jennings Combined Statistical Area, with a population of 225,235. It is considered a regionally significant center of petrochemical refining, gaming, tourism, and education, being home to McNeese State University and Sowela Technical Community College. Because of the lakes and waterways throughout the city, metropolitan Lake Charles is often referred to as the Lake Area.

i n d u s t r y a n d m a n u f a c t u r i n g

Several petrochemical plants and an oil refinery are located nearby along the Calcasieu Ship Channel. Turner Industries, Westlake Chemical Corporation and Citgo each employ over a thousand engineers. The Trunkline LNG terminal, immediately southwest of Lake Charles, is one of the United States’ few liquified natural gas terminals. It has facilities for LNG receipt, storage, and re-gasification. Other industrial companies include PPG Industries, Phillips 66, Sasol, and W. R. Grace. Local industry also includes a number of manufacturing companies. Chennault International Airport hosts AAR Corp, which services airplanes, and a Northrop Grumman facility. The Shaw Group has a manufacturing facility which manufactures and exports parts for nuclear power plants.

n e w d e v e l o p m e n t & p r o p o s e d e x p a n s i o n p r o j e c t s i n s o u t h w e s t l o u i s i a n a

This Offer ing Memorandum contains select informat ion pertaining to the business and af fa i rs of Jiffy Lube located at 1911 Ruth St, Sulphur, LA 70663 (“Property”) . I t has been prepared by Matthews Real Estate Investment Services. This Offer ing Memorandum may not be al l - inclusive or contain a l l of the informat ion a prospect ive purchaser may desire. The informat ion contained in th is Offer ing Memorandum is conf ident ia l and furnished solely for the purpose of a review by a prospect ive purchaser of the Property. I t is not to be used for any other purpose or made avai lable to any other person without the wri t ten consent of Sel ler or Matthews Real Estate Investment Services. The mater ia l is based in part upon informat ion suppl ied by the Sel ler and in part upon f inancial informat ion obtained from sources i t deems rel iable. Owner, nor their of f icers , employees, or agents makes any representat ion or warranty, express or impl ied, as to the accuracy or completeness of th is Offer ing Memorandum or any of i ts contents and no legal l iabi l i ty is assumed or shal l be impl ied with respect thereto. Prospect ive purchasers should make their own project ions and form their own conclusions without rel iance upon the mater ia l contained herein and conduct their own due di l igence.

By acknowledging your receipt of th is Offer ing Memorandum for the Property, you agree:

1 . The Offer ing Memorandum and i ts contents are conf ident ia l ;

2 . You wi l l hold i t and treat i t in the str ictest of conf idence; and

3. You wi l l not , d i rect ly or indirect ly, d isclose or permit anyone else to disclose this Offer ing Memorandum or i ts contents in any fashion ormanner detr imental to the interest of the Sel ler.

Owner and Matthews Real Estate Investment Services expressly reserve the r ight , at their sole discret ion, to reject any and al l expressions of interest or of fers to purchase the Property and to terminate discussions with any person or ent i ty reviewing this Offer ing Memorandum or making an of fer to purchase the Property unless and unt i l a wr i t ten agreement for the purchase and sale of the Property has been ful ly executed and del ivered.

I f you wish not to pursue negot iat ions leading to the acquis i t ion of the Property or in the future you discont inue such negot iat ions, then you agree to purge al l mater ia ls relat ing to th is Property including this Offer ing Memorandum.

A prospect ive purchaser ’s sole and exclusive r ights with respect to th is prospect ive t ransact ion, the Property, or informat ion provided herein or in connect ion with the sale of the Property shal l be l imited to those expressly provided in an executed Purchase Agreement and shal l be subject to the terms thereof. In no event shal l a prospect ive purchaser have any other c la ims against Sel ler or Matthews Real Estate Investment Services or any of their af f i l iates or any of their respect ive of f icers , Directors , shareholders, owners, employees, or agents for any damages, l iabi l i ty, or causes of act ion relat ing to th is sol ic i tat ion process or the market ing or sale of the Property.

This Offer ing Memorandum shal l not be deemed to represent the state of af fa i rs of the Property or const i tute an indicat ion that there has been no change in the state of af fa i rs of the Property s ince the date this Offer ing Memorandum.

C O N F I D E N T I A L I T Y & D I S C L A I M E R S TAT E M E N T

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

J i f f y L u b e1 9 1 1 R U T H S T | S U L P H U R , L A 7 0 6 6 3

e x c l u s i v e ly l i s t e d b yd a lt o n b a r n e sSenior Associatedalton.barnes@matthews.comDIR (214) 692-2930MOB (925) 234-1772LIC # 01984625 (CA)

b e a u j . b o xBROKER OF RECORDLIC # BROK.0000072286.A-ACT

B R O K E R O F R E C O R D

b r a d e n c r o c k e t tAssociate VP & Directorbraden.crockett@matthews.comDIR (214) 692-2040MOB (714) 345-6206LIC # 01946071 (CA)