OFFERING MEMORANDUM

Capital Markets | Net Lease Properties

OFFERING MEMORANDUM

Representative Photo

TIRE KINGDOM

32581 US HIGHWAY 19 NORTH | PALM HARBOR, FLORIDA 34684

CBRE, Inc. | Licensed Real Estate Broker

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(79,500 AADT) Belcher Rd (24,000 AADT)

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Tampa School of Real Estate Nationwide Insurance Capital Millwork Baycaare Fitness Center

TAMPA ROAD (17,500 AADT)

EXCLUSIVELY MARKETED BY: MARK DRAZEK Senior Vice President Capital Markets | Net Lease Properties

+1 407 839 3123 mark.drazek@

? 2018 CBRE, Inc. All Rights Reserved.

RAY ROMANO First Vice President Capital Markets | Net Lease Properties

+1 407 404 5022 ray.romano@

CBRE, Inc. Licensed Real Estate Broker

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CLICK FRAME TO SEE PROPERTY VIDEO

(79,500 AADT)

TIRE KINGDOM | PALM HARBOR, FL

1 INVESTMENT SUMMARY

CBRE is pleased to present this high quality single tenant NNN investment opportunity. Tire Kingdom is one of the largest independent tire and automotive services retailer in the US operating over 730 stores. The property is 100% leased to TBC Corporation ? one of the nation's largest tire marketers and distributors that operates retail tire and automotive service centers under the names Tire Kingdom, National Tire & Battery, Big O Tire and Merchant Tire & Auto. TBC Corporation is wholly owned by investment grade (S&P Rated: A) Japanese conglomerate Sumitomo Corporation of America. This is a long term lease with 13 years remaining on an initial 25 year term with a hedge against inflation by including CPI rental increases throughout the entire initial term as well as the options. The lease is absolute NNN with no landlord management obligations. The opportunity includes land and building allowing for very favorable tax benefits through accelerated depreciation.

Positioned just north of the intersection of US Hwy 19 & Tampa Road, this property benefits from heavy traffic counts and being in a densely populated area with above average household incomes. The property also includes additional income generated by a long-term billboard lease with CBS Outdoor.

investment highlights

? Very strong retail location on the heavily travelled U.S. Highway 19 in Palm Harbor (TampaSt. Petersburg-Clearwater MSA) surrounded by many national retailers and close proximity to several car dealerships.

? Strong National Tenant ? Tire Kingdom Guaranteed by TBC Corporation ? One of the nation's largest marketers and distributors of tires for the automotive replacement. TBC Corporation was purchased in 2005 by Sumitomo Corporation (S&P "A" rated).

? Established location - 13 years of term remaining on the original 25-year lease

? No landlord management obligations

? Tax advantage ? The offering includes both land and building allowing for favorable accelerated depreciation.

? Heavy traffic ? total average daily traffic of 79,500 vehicles along US Hwy 19

? Above average household incomes - $78k to $84k within 1 to 3 miles

? Densely populated area ? 90k to over 186k within 3 to 5 miles

? FLORIDA IS AN INCOME TAX FREE STATE

TIRE KINGDOM | PALM HARBOR, FL

PRICE: TOTAL ANNUAL RENT: CAP RATE: TIRE KINGDOM TENANT: TRADE NAME: GUARANTOR:

ANNUAL RENT: INITIAL LEASE TERM: REMAINING LEASE TERM: RENT COMMENCEMENT: LEASE EXPIRATION: RENTAL RATE INCREASES: RENEWAL OPTIONS: LANDLORD OBLIGATIONS: BUILDING SIZE: LAND SIZE: PARKING SPACES: YEAR BUILT: BILLBOARD TENANT: ANNUAL RENT: INITIAL LEASE TERM: REMAINING LEASE TERM: RENT COMMENCEMENT: LEASE EXPIRATION: RENTAL RATE INCREASES:

RENEWAL OPTIONS: LANDLORD OBLIGATIONS:

$4,155,400 $220,237.44 5.30%

TBC Retail Group Tire Kingdom TBC Corporation - TBC Corporation was purchased in 2005 by Sumitomo Corporation (S&P "A" rated) and is now their largest wholly-owned subsidiary. $214,237.44 25 years 13 years November 15, 2006 November 30, 2031 Every 5 years based on CPI with cap of 12% (3) 5-year renewal options None, absolute NNN 6,600 SF 0.69 acres 16 2006

CBS Outdoor $6,000 20 years 9 years December 1, 2007 November 20, 2027 Rent increases to $9,200 per year as of Dec. 1, 2020 through Nov. 30, 2017 None None, absolute NNN

DEMOGRAPHIC BRIEF

32581 US HIGHWAY 19 N

DEMOGRAPHICS 2

NAME

LATITUDE

LONGITUDE

32581 US HIGHWAY 19 N 28.068156 -82.7383635

?2018 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Source: Esri ProjectID:367231

TIRE KINGDOM | PALM HARBOR, FL

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TAMPA ROAD (17,500 AADT)

Car Wash & Lube Express

(79,500 AADT)

Tampa School of Real Estate Nationwide Insurance Capital Millwork Baycaare Fitness Center

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(79,500 AADT)

TAMPA ROAD (17,500 AADT)

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Car Wash & Lube Express

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Tampa School of Real Estate Nationwide Insurance Capital Millwork Baycaare Fitness Center

(79,500 AADT)

TAMPA ROAD (17,500 AADT)

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