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

L A N D & D E V E L O P E R S E R V I C E S

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| T A B L E O F C O N T E N T S

THE OFFERINGDisclaimer & Limiting Conditions 3 Executive Summary 4 Property Overview 5

THE PROPERTYProperty Photos 6Area Location Maps 8Area Highlights 9 Demographics & Traffic Count 10

THE FINANCIALSRent Roll 11

THE MARKETSold Comparables 12Rent Comparables 14Market Trends 16 About The Area 17 Broker Profile 18Team Profile 19Confidentiality Agreement 20

L A N D & D E V E L O P E R S E R V I C E S | B U L L R E A L T Y . C O M

PERRY HAYES | 404-876-1640 x 135 | PHayes@BullRealty.com

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This Confidential Offering Memorandum contains selected information pertaining to the Property but does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may require. All financial projections are provided for general reference purposes only and are based upon assumptions relating to the general economy, competition and other factors, which therefore, are subject to material change or variation. Prospective purchasers may not rely upon the financial projections, as they are illustrative only. An opportunity to inspect the Property will be made available to qualified prospective purchasers.

In this Confidential Memorandum, certain documents, including financial information, are described in summary form and do not purport to be complete or accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to review independently all documents.

This Confidential Memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by Bull Realty Inc. or the current Owner/Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein.

Owner/Seller expressly reserve the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate discussions with any party at any time with or without notice. Owner/Seller shall have no legal commitment or obligation to any purchaser reviewing this Confidential Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Owner/Seller and any conditions to the purchaser’s obligations therein have been satisfied or waived. The Seller reserves the right to move forward with an acceptable offer prior to the call for offers deadline.

This Confidential Memorandum may be used only by parties approved by the Owner. The Property is privately offered, and by accepting this Confidential Memorandum, the party in possession hereof agrees (i) to return it if requested and (ii) that this Confidential Memorandum and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Confidential Memorandum may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of Bull Realty, Inc. or Owner/Seller. The terms and conditions set forth above apply to this Confidential Memorandum in its entirety and all documents, disks and other information provided in connection therewith.

D I S C L A I M E R & L I M I T I N G C O N D I T I O N S

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Bull Realty is pleased to present the opportunity to acquire a value add or redevelopment property on the Memorial Drive corridor in the Stone Mountain submarket of Atlanta.

The 15.86 acre site is an improved multi-tenant retail center built in 1973 including a 143,342 SF building.

The property was recently foreclosed by the lender and there appears to be six remaining tenants comprising 36,000 SF, 24.5% of the rentable space. The previous owner continues to occupy a space of 92,000 SF, 62.8% of rentable space without being included on the rent roll. The lender has not yet asked any of the tenants to pay rent. The bank believes they continue to pay rent to the previous owner. The rents reported by the owner in 2014 total $21,175 monthly, not including the 92,000 SF of owner occupied space (see page 11).

Investment Highlights: • Well below replacement cost at $17.44/SF• Commanding roadside visibility• Cell tower lease• Traffic count of 30,800 vehicles per day• ±600’ frontage on Memorial Drive • ±880’ frontage on Hambrick Rd.• Signalized intersection• Submarket retail performance trend is positive

since 2013 (see page 16)

Financial analysis available once the Confidentiality Agreement is signed and returned (see page 20).

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Address 5615-5639 Memorial Drive Stone Mountain, GA 30083County DekalbAssessor’s Parcels 18 070 03 007(5639) 18 070 03 012(5615)Main Bldg Square Footage 143,342 SFTotal Acreage 15.86 AcresZoning C1 (Dekalb County Unincorporated)Year Built 1973Number of Floors 1 Parking 714+ spacesConstruction Concrete slab w/ concrete block & steelPrice $2,500,000Price/SF $17.44Price/Acre $157,629

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A R E A L O C A T I O N M A P S

5615-5639 Memorial Dr ive

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A R E A H I G H L I G H T S

Subject Property

• 2.9 Miles from Interstate 285• 3.9 Miles from Stone Mountain Park• Numerous retail and dining options in close proximity to property• Less than 30 minutes from Downtown Atlanta• Within 1 mile of subject property:

Memorial Bend Shopping Center• Pizza Hut• Subway• IHOPStonemont Village Center• Taco Bell• Domino’s Pizza• Planet Fitness• T-Mobile

• Walgreens• Dollar Tree• Office Depot• Long John Silver’s• Wells Fargo Bank• Chick Fil A• Public Storage• Kroger• Dollar General

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2016 DEMOGRAPHICS (Esri)

11,000

13,511

30,800

# = Vehicles Per Day via GA DOT Station ID 0893049

1 mile 3 miles 5 miles

Population 11,818 98,499 215,855

Households 4,165 35,430 82,509

Average Household Income $50,817 $51,821 $66,708

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Suite Tenant Annual Gross Unit SF Rent Per SF Monthly Rent

A F&D Auto Repair $33,600 4,000 $8.40 $2,800

5639 Action Sports $131,020 25,000 $5.24 $10,918

C Thrift Store $27,600 12,000 $2.30 $2,300

D VACANT $0 4,000 $0.00 $0

E Dragon's Horde $12,996 2,000 $6.50 $1,083

F Hair We Are $17,796 1,500 $11.86 $1,483

G Eye Connection $13,200 2,300 $5.74 $1,100

B Value Mall $0 92,000 $0.00 $0

H VACANT $0 1,000 $0.00 $0

Cell Tower $17,560 0 $0.00 $1,463

Ice Machine $333 0 $0.00 $28

Total $254,105 143,342 $21,175

*Rent Roll as of May 2014

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SUBJECTPROPERTY

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MAP # STREET ADDRESS CITY SIZE SOLD DATE SALE PRICE PRICE/SF DETAIL PAGE

Subject Property 5615-5639 Memorial Drive Stone

Mountain 143,342 SF TBD $2,500,000 $17.44 13

1 3653 Memorial Drive Decatur 146,207 SF 09/02/2015 $3,400,000 $23.25 13

2 6009-6019 Memorial Drive Stone Mountain 97,683 SF 06/24/2014 $1,950,000 $19.96 13

3 3935 Venture Drive Duluth 174,000 SF 09/05/2014 $4,500,000 $25.86 13

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SOLD COMP - 3653 Memorial Drive

SOLD COMP - 6009-6019 Memorial Drive

SUBJECT PROP - 5615-5639 Memorial Drive

Property Size 146,207 SFClosing Date 09/02/2015Sold Price $3,400,000Price/SF $23.25

Property Size 97,683 SFClosing Date 06/24/2014Sold Price $1,950,000Price/SF $19.96

Property Size 143,342 SFSale Price $2,500,000Price/SF $17.44

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COMMENTS: This shopping center was built in 1974 and has 600’ of frontage on Memorial Drive and 620’ of frontage on Hambrick Road. The property consists of 143,342 rentable square feet.

COMMENTS: This shopping center was built in 1969 and has 1,000’ of frontage on Memorial Drive and 1,084’ of frontage on Midway Road. The property is projected to have multiple junior anchor tenants.

COMMENTS: This center was built in 1978 and was 11% occupied at the time of sale and one of the tenants was Family Dollar.

SOLD COMP - 3935 Venture Drive

Property Size 174,000 SFClosing Date 09/05/2014Sold Price $4,500,000Price/SF $25.86

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COMMENTS: This shopping center was built in 1996 and was formerly occupied by Target since its opening. The building sold vacant and in good condition.

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MAP # STREET ADDRESS CITY RENTABLE AREA PRICE/SF RENT TYPE DETAIL PAGE

Subject Property 5615-5639 Memorial Drive Stone Mountain 143,342 SF TBD NNN 15

1 5561-5567 Memorial Drive Stone Mountain 115,211 SF $9.39 NNN 15

2 2135 E Main Street Snellville 221,000 SF $5.00-$6.00 NNN 15

3 5152 Memorial Drive Stone Mountain 177,078 SF $13.00-$17.00 NNN 15

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RENT COMP - 5561-5567 Memorial Drive

SUBJECT PROP - 5615-5639 Memorial Drive

Rentable Area 115,211 SFPrice/SF $9.39/SFRent Type NNN

Rentable Area 143,342 SFPrice/SF TBDRent Type NNN

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COMMENTS: This one-story shopping center was originally built in 1974 and consists of 143,342 rentable square feet.

COMMENTS: This was an expansion/renewal of an existing tenant. The space leased on triple-net terms with reimbursements of $1.98 per square foot.

RENT COMP - 5152 Memorial DriveRENT COMP - 2135 E Main Street

Rentable Area 221,000 SFPrice/SF $5.00 - $6.00/SFRent Type NNN

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COMMENTS: This was a former Walmart anchored center and leased for $5.00-$6.00/SF with minimal TI allowance.

COMMENTS: This is a 90% occupied grocery anchored center.

Rentable Area 177,078 SFPrice/SF $13.00 - $17.00/SFRent Type NNN

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Vacancy & Rental Rates

Copyrighted report licensed to Bull Realty Inc. - 327022.8/22/2016

*Source CoStarRadius: 3 MilesRetail Rents in a shopping center sized 20,000 - 250,000 SF

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A B O U T T H E A R E A

S T O N E M O U N T A I N , G E O R G I A Located on the eastern side of DeKalb County, Stone Mounatin is a small city of about 5,802 according to the 2010 Census and spans 1.7 square miles. Best known for its proximity to Stone Mounatin and Stone Mounatin Park, the city’s economy benefits greatly from both nationally known attractions. Drawing over 4,000,000 visitors annually, the park sits on 3,200 acres and hosts 15 miles of wooded nature trails, family friendly attractions, seasonal shows and has a variety of dining and retail options.

Atlanta’s DeKalb County is located six miles east of downtown. The population of the county is approximately 700,000. DeKalb County’s county seat is the City of Decatur and it is the third-most-populated county in Metro Atlanta containing roughly 10 percent of the city of Atlanta.

The county includes the cities of Avondale Estates, Brookhaven, Chamblee, Clarkston, Decatur, Doraville, Dunwoody, Lithonia, Pine Lake, Stone Mountain, and areas of Atlanta. It includes many unique, identifiable communities including Beacon Heights, Candler Park, East Atlanta Village, Druid Hills, Ellenwood, Lynwood Park, Oakhurst, Scottdale, Shermantown, Toco Hills and Tucker.

DeKalb County is international, eclectic and diverse, boasting a selection of exciting attractions, world-class museums, art centers, music venues, universities, original neighborhoods, restaurants and one-of-a-kind shops. DeKalb is only ten miles from Hartsfield-Jackson Atlanta International Airport and is easily accessible by I-85, I-75, I-675, I-285, and MARTA, Atlanta’s rapid transit system.

It is home to DeKalb Peachtree Airport (PDK), Georgia’s second largest airport and Emory University. The Centers for Disease Control (CDC) and AT&T are also located here. DeKalb is the most ethnically diverse county in the Southeast with over 64 spoken languages representing Asian, Hispanic, European, and African cultures, to name a few.

In 2009, DeKalb earned the Atlanta Regional Commission’s “Green Communities” designation for its efforts in conserving energy, water and fuel; investing in renewable energy; reducing waste; and protecting and restoring natural resources.

L O C A T I O N

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B R O K E R P R O F I L E

PERRY HAYES V.P. Land & Developer Services Perry Hayes has been selling and developing real estate in Atlanta area for over twenty years as owner of his own construction company. Perry joined Bull Realty to provide his clients a marketing platform proven to maximize asset value in this economic cycle. Perry uses his experience in land sales and acquisitions, site analysis and development skills to add value to his clients’ real estate transactions.

Perry is a member of the National Association of Realtors and the Atlanta Commercial Board of Realtors.

Perry received a B.S. Degree from Auburn University.

Bull Realty is a commercial real estate sales, leasing and advisory firm headquartered in Atlanta and licensed in ten Southeast states. The firm was founded in 1998 with two primary missions: to provide a company of advisors knownfor their integrity and to provide the best disposition marketing in the nation. Client services include disposition, acquisition, project leasing, tenant representation, asset management and consulting services. Advisors focus on specific property types including office, retail, industrial, multifamily, land, healthcare, senior housing, self-storage, automotive, hospitality and single tenant net lease properties.

The firm produces America’s Commercial Real Estate Show, a national video and podcast enjoyed by millions of people around the country. Industry analysts, leading market participants and the firm’s founder Michael Bull share market intelligence, forecasts and success strategies. The show has aired every week since 2010 on iTunes, YouTube and www.CREshow.com. The firm also produces Atlanta’s Commercial Real Estate Show available on www.atlCREshow.com.

Perry Hayes404-876-1640 x 135PHayes@BullRealty.com

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Perry Hayes404-876-1640 x 135PHayes@BullRealty.com

PERRY HAYES V.P. Land & Developer Services

MAILE FLOYDMarketing

JUDE SULLIVANMarketing

SCOTT JACKSONAnalyst

T E A M P R O F I L E

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C O N F I D E N T I A L I T Y A G R E E M E N T

This Confidentiality Agreement (“Agreement”) is made and agreed to for the benefit of the undersigned party (“Receiving Party”), the owner of the subject property (the “Seller”) and undersigned broker Bull Realty Incorporated (“Broker”).Now therefore in consideration of the privileges granted to Receiving Party with respect to receiving certain confidential information, and other good and valuable consideration, the Receiving Party hereby agrees to the following:

I. Confidential Information:Receiving Party will receive confidential information regarding proper-ty referred to as 5615-5639 Memorial Drive, Stone Mountain, GA 30083. Prospect agrees to not disclose to any person that the proper-ty may be available for sale or lease, or that discussions or negotiations are taking place concerning the property, nor any terms, conditions, or other facts with respect to the property, including but not limited to tenant information, lease rates, lease expirations, income and expens-es, and any such possible purchase, including the status thereof. The term “person” used in this agreement shall be interpreted broadly and shall include, without limitation, any corporation, company, partner-ship or individual other than parties to which Broker approves in writing. Receiving Party may share information with directors, officers, employees, agents, affiliates, counsel, lending sources, accountants or representatives of Receiving Party that Receiving Party notifies of the

requirements of this Agreement. Receiving Party agrees to not con-tact the property owner, the management, the tenants, the lender, the vendors, the insurers, the employees or the customers of any business at the site.

II. Acting as a Principal:Receiving Party hereby warrants that it is acting as a principal only, and not as a broker, regarding this contemplated transaction. Receiv-ing Party acknowledges that Broker is working an agency capacity as representing the Seller only in this transaction and is the only Broker involved in this potential transaction. Receiving Party agrees to not be involved in any arrangement to lease or purchase the property, in whole or in part, as a lender, partner, buyer of the note, buy in fore-closure, buy from bankruptcy court, or in any other manner acquire an investment in, joint venture or control of the property, unless Bull Realty, Incorporated is paid a commission at closing as per separate agreement with Seller. This agreement will expire two years from the date hereof.

III. Governing LawThis Agreement shall be governed and construed in accordance with the laws of the State of Georgia.

Accepted and agreed to this _______ day of ___________________, 20___.

Receiving PartySignature ___________________________________________________

Printed Name _______________________________________________

Title ______________________________________________________

Company Name _____________________________________________

Address ____________________________________________________

___________________________________________________

Email _______________________________________________________

Phone ______________________________________________________

Fax _________________________________________________________

Perry Hayes404-876-1640 x 135PHayes@BullRealty.comFax: 404-876-7073

50 Glenlake ParkwaySuite 600Atlanta, GA 30328