O’Reilly Auto Parts

Vineyard, UT

REPRESENTATIVE PHOTO

O'Reilly Auto Parts

4156 TAYLOR BLVD | LOUISVILLE | KY 40215 OFFERING MEMORANDUM

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Table of Contents

TABLE OF CONTENTS

03 EXECUTIVE OVERVIEW

05

FINANCIAL OVERVIEW

06

TENANT OVERVIEW

09

AREA OVERVIEW

LISTED BY:

SIMON ASSAF

Associate

DIR # 949.873.0275 LIC # 02027273 (CA) simon.assaf@

ARON CLINE

SVP & SENIOR DIRECTOR

DIR # 949.432.4509 LIC # 01904371 (CA) aron.cline@

KYLE MATTHEWS

Broker of Record LIC: 77576 (KY)

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ExecutivVeineOyarvd, UeTrview

Investment Highlights

? Brand New Construction - This store just opened June 2019 ? Rare 20 Year Lease - Most New Construction O'Reilly Auto's now only offer 15 year leases, this store has one of the last 20 year leases you will find on

market for this tenant ? Roof Warranty - This property has a 20 year roof warranty further passifying its landlord responsibilities ? Adjacent New Development - This location has a brand new convenience store currently being developed right next store which will drive even more

traffic to this location ? Dense Metro - Louisville is the largest city in KY with a total consolidated population of 771,158 as of the 2017 census estimate ? Downtown Location - This property is located just off I-264 which sees over 123k VPD and is just 4 miles away from Louisville International Airport

ACUTAL PROPERTY PHOTO

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Executive Overview

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REPRESENTATIVE PHOTO

FinanciaVlinOeyavrde, UrTview

ACUTAL PROPERTY PHOTO

Annualized Operating Data

Lease Commence

Current - 5/5/2029

Monthly Rent

$8,000.00

Annual Rent

$96,000.00

5/6/29 - 5/5/39

$8,480.00 $101,760.00

Option 1: 5/6/39 - 5/5/44 $8,988.80 $107,865.60

Option 2: 5/6/44 - 5/5/49 $9,528.13 $114,337.56

Option 3: 5/6/49 - 5/5/54 $10,099.82 $121,197.84

Option 4: 5/6/54 - 5/5/59 $10,705.80 $128,469.60

RPSF

$13.47 $14.28 $15.14 $16.05 $17.01 $18.03

Cap Rate

5.25% 5.57% 5.90% 6.25% 6.63% 7.03%

Investment Summary

? PROPERTY ADDRESS ? OFFERING PRICE

4156 Taylor Blvd Louisville, KY 40215

$1,828,000

? NOI (YEAR 1)

$96,000

? CAP RATE (YEAR 1)

5.25%

? TOTAL BUILDING AREA

? 7,125 SF

? LOT SIZE

? 0.81 Acres

? YEAR BUILT

2019

Tenant Summary

Tenant Trade Name Type of Ownership Lessee Entity Roof, Structure, and Parking Lot Original Lease Term Lease Commencement Date Options

O'Reilly Auto Parts Fee Simple Corporate

Owner Responsible 20 Years

5/6/2019 Four, 5-Year Options

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