7-ELEVEN (S&P: AA-) & MAGNUM INSURANCE INC.

INVESTMENT OPPORTUNITY

7-ELEVEN (S&P: AA-) & MAGNUM INSURANCE INC.

CHICAGO, IL

OFFERED AT: $1,520,000 | 6.75% CAP OFFERED AT $2,027,000 | 6% CAP

Actual Property

EXECUTIVE SUMMARY

TENANT/LEASE OVERVIEWS

PROPERTY INFORMATION

AREA OVERVIEW

TABLE OF CONTENTS

EXECUTIVE SUMMARY 4 Offering Summary 5 Investment Highlights 6 Rent Roll & Cash Flow Projection

TENANT/LEASE OVERVIEWS 8 Lease Overview & Abstract - 7-Eleven 9 Lease Overview & Abstract - Magnum Insurance

PROPERTY INFORMATION 11 Location Maps 12 Site Plan 13 Property Photos 14 Neighboring Tenants 17 Aerials

AREA OVERVIEW 23 Chicago Overview 24 Demographics

Confidentiality Agreement & Disclosures

EXCLUSIVELY LISTED BY

RYAN BARR Principal

760.448.2446 rbarr@lee-

CA BRE LIC#01338994

RYAN BENNETT Principal

760.448.2449 rbennett@lee-

CA BRE LIC#01826517

Actual Property

BROKER OF RECORD: Lee & Associates Illinois, LLC IL Brokers Lic# 475-093078

7-ELEVEN & MAGNUM INSURANCE, INC. | Chicago, IL | 2

EXECUTIVE SUMMARY

7-ELEVEN & MAGNUM INSURANCE INC Chicago, IL

7-ELEVEN | Chicago, IL | 3 Actual Property

EXECUTIVE SUMMARY

TENANT/LEASE OVERVIEWS

PROPERTY INFORMATION

AREA OVERVIEW

? Offering Summary ?

Investment Highlights

Rent Roll & Cash Flow Projection

-- OFFERING SUMMARY --

INVESTMENT HIGHLIGHTS

Offering Price:

$1,520,000

Net Operating Income:

$102,612

Cap Rate:

6.75%

Price/SF:

$324

Address:

Property Size: Land Size: Ownership: Year Built:

PROPERTY OVERVIEW 6440-6444 W Diversey Ave Chicago, IL 60707 Approx 4,680 Sq. Ft.

Approx 16,966 Sq. Ft.

Fee Simple (Land, Building)

1959

Lee & Associates is pleased to exclusively offer for sale the fee simple interest (land & building) in a two-tenant retail property located in the city of Chicago, IL (the "Property"). The Property consists of a 4,680-square-foot retail building that sits on an approximately 16,966-square-foot parcel and includes an off-street parking lot. Built in 1959, the building is 100% leased to 7-Eleven Inc. (corporate) who holds an AA- investment credit rating from Standard & Poor's, and Magnum Insurance, Inc.

7-Eleven, Inc. is the largest chain in the convenience-retailing industry, operating more than 66,000 stores in 17 countries, including 11,800 in North America. 7-Eleven ranked #2 on Entrepreneur magazine's 2018 Top Global Franchises List and #32 on the Stores magazine's Top 2018 Retailers and reported revenues of $12 Billion in 2018.

Magnum Insurance Inc. is an insurance company that provides services for Auto, Dental, Vision, Life, Health, Home, Rental and more. Magnum is a Chicago staple, operating throughout the Chicago area for over 38 years. They operate more than 30 offices and have an A+ rating with the Better Business Bureau.

7-Eleven has successfully operated at this location since 2006 and has seven years remaining on their triple-net lease. The lease features a 3% rent increase in 2021, offering an investor a passive investment with rent growth. Magnum Insurance commenced its new 5-year lease in February 2019.

The subject property offers frontage along Diversey Ave, offering visibility to combined 31,000+ cars per day. The property features off-street parking for convenience and in/out access for customers. The property is strategically located within a dense infill location with over 902,000 people and 334,000 households within a 5-mile radius. The subject property offers frontage along Diversey Ave, and is just one block from N. Narragansett Ave, which sees traffic counts of 20,000+ cars per day. In addition, the property ideally features off-street parking for convenience and in/out access for customers.

The subject property is ideally located across from the Brickyard Mall, a 551,000-square-foot regional shopping mall anchored by big box retailers Lowe's and Target, and grocer, Jewel-Osco, as well as national retail tenants including Five Below, Marshalls, Dressbarn, Pier 1 Imports, and Shoe Carnival, and restaurants such as McDonald's, Buffalo Wild Wings, Jimmy John's, Chipotle, and Starbucks.

The subject property is located just 12 miles west of Downtown Chicago. Chicago is the most populous city in the Midwest, and the third most populous city in the United States. Chicago is an international hub for finance, culture, commerce, industry, technology, telecommunications, and transportation. The Chicago area has one of the highest gross domestic products (GDP) in the world, generating $680 billion in 2017, The city and its surrounding metropolitan area contain the third-largest labor pool in the United States with about 4.63 million workers, and it has one of the world's most diversified and balanced economies, with no single industry employing more than 14% of the workforce.

Chicago is a huge tourist destination as well. In 2018, the city attracted an unprecedented 57.6 million visitors - a 4.3% jump over 2017's record of 55.2 million. The rate of growth was greatest among domestic travelers, whose numbers contributed more than US$15 billion to Chicago's economy. From its upscale shopping along the Magnificent Mile and State Street, thousands of restaurants, music events such as Lollapalooza, and numerous professional sports teams, there are endless destinations that continue to draw tourists and sports enthusiasts every year.

DIVERSEY AVE 11,000 CPD

Actual Property 7-ELEVEN & MAGNUM INSURANCE, INC. | Chicago, IL | 4

EXECUTIVE SUMMARY

TENANT/LEASE OVERVIEWS

PROPERTY INFORMATION

AREA OVERVIEW

Offering Summary

? Investment Highlights ?

Rent Roll & Cash Flow Projection

-- INVESTMENT HIGHLIGHTS --

100% LEASED 2-TENANT RETAIL BUILDING ? STRONG CORPORATE LEASES ? 7-ELEVEN (S&P: AA-) & MAGNUM INSURANCE, INC. (30 CHICAGO LOCATIONS)

The Property consists of a 4,680-square-foot retail building that is 100% leased to 7-Eleven Inc. (Corporate) and Magnum Insurance, Inc.

7-Eleven, Inc (S&P: AA-) is the largest chain in the convenience-retailing industry, operating more than 67,000 stores in 17 countries, including 10,000 in North America. 7-Eleven ranked #2 on Entrepreneur magazine's 2018 Top Global Franchises List and #32 on the Stores magazine's Top 2018 Retailers and reported revenues of $12 Billion in 2018. 7-Eleven has an AA- Credit Rating from Standard & Poor's.

Magnum Insurance Inc. provides insurance services for Auto, Dental, Visioin, Life, Health, Home, Rental and more. Magnum is a Chicago staple, operating throughout the Chicago area for over 38 years. They operate more than 30 offices and have an A+ rating with the Better Business Bureau.

DENSE INFILL LOCATION (OVER 902,000 PEOPLE & 334,000+ HOUSEHOLDS WITHIN 5 MILES) ? FRONTAGE ALONG DIVERSEY AVENUE ? OFF-STREET PARKING

The property is located within a dense infill location with over 902,000 people and 334,000 households within a 5-mile radius. The subject property offers frontage along Diversey Ave, and is just one block from N. Narragansett Ave, which sees traffic counts of 20,000+ cars per day. In addition, the property ideally features off-street parking for convenience and in/out access for customers.

7-ELEVEN: 24 HOUR STORE ? SUCCESSFUL 13 YEAR OPERATING HISTORY ? 3% RENT INCREASES EVERY 5 YEARS (NEXT BUMP IN NOV 2021) ? MAGNUM INSURANCE: NEW LEASE COMMENCED FEB 2019

This 7-Eleven location is a 24-hour store and has successfully operated at this location since 2006. There are seven years remaining on their triple-net lease. The lease features a 3% rent increase in 2021, offering an investor a passive investment with rent growth. Magnum Insurance commenced its new 5-year lease in February 2019.

SHADOW ANCHORED BY BRICKYARD MALL (551,000 SF) ? CO-ANCHORED BY TARGET, LOWE'S, JEWEL-OSCO ? OUTSTANDING DRAW TO THE TRADE AREA

The subject property is ideally located across from the Brickyard Mall, a 551,000-square-foot regional shopping mall anchored by big box retailers Lowe's and Target, and grocer, Jewel-Osco, as well as national retail tenants including Five Below, Marshalls, Dressbarn, Pier 1 Imports, and Shoe Carnival, and restaurants such as McDonald's, Buffalo Wild Wings, Jimmy John's, Chipotle, and Starbucks.

LOCATED IN CHICAGO ? 3RD-LARGEST METROPOLITAN AREA IN THE U.S. ? LARGE LABOR POOL, DIVERSIFIED AND BALANCED ECONOMY, HUGE TOURIST DESTINATION

The subject property is located in Chicago, the most populous city in the Midwest, and the third most populous city in the United States. Chicago is an international hub for finance, culture, commerce, industry, technology, telecommunications, and transportation. The Chicago area has one of the highest gross domestic products (GDP) in the world, generating $680 billion in 2017, The city and its surrounding metropolitan area contain the third-largest labor pool in the United States with about 4.63 million workers, and it has one of the world's most diversified and balanced economies, with no single industry employing more than 14% of the workforce.

Chicago is a huge tourist destination as well. In 2018, the city attracted an unprecedented 57.6 million visitors - a 4.3% jump over 2017's record of 55.2 million. The rate of growth was greatest among domestic travelers, whose numbers contributed more than US$15 billion to Chicago's economy. From its upscale shopping along the Magnificent Mile and State Street, thousands of restaurants, music events such as Lollapalooza, and numerous professional sports teams, there are endless destinations that continue to draw tourists and sports enthusiasts every year.

7-ELEVEN & MAGNUM INSURANCE, INC. | Chicago, IL | 5

EXECUTIVE SUMMARY

TENANT/LEASE OVERVIEWS

PROPERTY INFORMATION

AREA OVERVIEW

Offering Summary

Investment Highlights

? Rent Roll & Cash Flow Projection ?

-- RENT ROLL --

Tenant Name Lease Dates

7-Eleven Oct-2006 to Dec-2026

Magnum Insurance Feb-2019 to Feb-2024

Total Occupied SqFt

Lease Term (Months)

120

60

Size (Sq. Ft.) Bldg Share

2,580 55.12%

2,100 44.87%

4,680

Rent/SF/Year Annual Rent

$30.72 $79,380

$20.04 $42,000

$121,380

Rent/SF/Mo Monthly Rent

$2.56 $6,615

$1.67 $3,500

$10,115

Increase Date Nov-2021

New Rent/Yr $81,761

Lease Type

Renewal Options

NNN Gross

(2) 5-Year Options Rent Increases in Options

(2) 3-Year Options Rent Increases in Options

-- CASH FLOW PROJECTION --

For the Years Ending POTENTIAL GROSS REVENUE

Base Rental Revenue Scheduled Base Rental Revenue Expense Reimbursement Revenue Total Potential Gross Revenue Effective Gross Revenue OPERATING EXPENSES Taxes Insurance CAM Management Fee Total Operating Expenses Net Operating Income

Year 1 Oct-2020

$121,380 121,380 17,923 139,303 139,303

28,512 1,725 2,275 4,179 36,691 102,612

Year 2 Oct-2021

$121,380 121,380 18,282 139,662 139,662

29,082 1,760 2,321 4,190 37,353 102,309

Year 3 Oct-2022

$124,089 124,089 18,647 142,736 142,736

29,664 1,795 2,367 4,282 38,108 104,628

Year 4 Oct-2023

$124,089 124,089 19,020 143,109 143,109

30,257 1,831 2,414 4,293 38,795 104,314

Year 5 Oct-2024

$124,929 124,929 19,401 144,330 144,330

30,862 1,867 2,463 4,330 39,522 104,808

Year 6 Oct-2025

$125,349 125,349 19,789 145,138 145,138

31,480 1,905 2,512 4,354 40,251 104,887

Year 7 Oct-2026

$125,349 125,349 20,184 145,533 145,533

32,109 1,943 2,562 4,366 40,980 104,553

Year 8 Oct-2027

$130,318 130,318 20,588 150,906 150,906

32,751 1,981 2,613 4,527 41,872 109,034

Year 9 Oct-2028

$130,750 130,750 20,999 151,749 151,749

33,406 2,021 2,666 4,552 42,645 109,104

7-ELEVEN & MAGNUM INSURANCE, INC. | Chicago, IL | 6

TENANT/LEASE OVERVIEW

7-ELEVEN & MAGNUM INSURANCE INC Chicago, IL

7-ELEVEN | Chicago, IL | 7 Actual Property

EXECUTIVE SUMMARY

TENANT/LEASE OVERVIEWS

? 7-Eleven ?

PROPERTY INFORMATION

Magnum Insurance, Inc.

AREA OVERVIEW

-- LEASE OVERVIEW --

LEASE INFORMATION

Tenant:

7-Eleven

Credit Rating:

Standard & Poor's: AA-

Size:

2,580 Sq. Ft.

% of Total Leaseable SF:

55.12%

Rent Commencement:

October 2, 2006

Lease Expiration:

December 31, 2026

Original Lease Term:

20 Years

Lease Term Remaining:

7 Years

Renewal Options:

(2) 5-Year Options

Annual Rent:

$79,380

Rent Increases:

3% Increase Every 5 Years in Primary & Options

Lease Type:

NNN

Tenant's Option to Terminate (Extension Sec.4): Tenant has the one-time option to terminate the Lease effective October 31, 2021, (the "Termination Date") by delivering notice to Landlord no later than April 30, 2021 of its election to cancel the Lease. Should Tenant deliver such notice to Landlord, the Lease shall end effective the Termination Date, and the Premises shall be delivered to Landlord in "as is" broom clean condition on the Termination Date without obligation to make any repairs or improvements thereto.

-- RENT SCHEDULE --

Years 11 - 15 Years 16 - 20*

Option 1 Option 2

START DATE 10/2/2016 11/1/2021

1/1/2027 1/1/2032

RENT SCHEDULE - PRIMARY TERM

END DATE

NOI/YR

NOI/MO

10/31/2021 $79,380.00

$6,615.00

12/31/2026 $82,089.48

$6,840.79

OPTION PERIODS - (2) 5-Year Options

12/31/2031 $86,193.96

$7,182.83

12/31/2036 $90,503.64

$7,541.97

NOI/SF/YR $30.76 $31.81

INCREASE 3% 3%

$33.41

3%

$35.08

3%

* Tenant has a one-time option to terminate the lease effective October 31, 2021 by delivering notice to Landlord no later than April 31, 2021.

-- TENANT INFORMATION --

7-Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, Texas, 7-Eleven operates, franchises or licenses more than 66,000 stores in 17 countries, including 11,800 in North America. 7-Eleven is privately owned and is a wholly-owned subsidiary of Seven-Eleven Japan Co., Ltd in Tokyo, Japan.

Known for its iconic brands such as Slurpee?, Big Bite? and Big Gulp?, 7-Eleven has expanded into high-quality salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings, cheeseburgers and hot chicken sandwiches. 7-Eleven offers customers industry-leading private-brand products under the 7-Select? brand including healthy options, decadent treats and everyday favorites, at an outstanding value. Customers also count on 7-Eleven for payment services, selfservice lockers and other convenient services.

7-Eleven focuses on meeting the needs of convenience-oriented customers by providing a broad selection of fresh, highquality products and services at everyday fair prices, speedy transactions and a clean and friendly shopping environment. Each store's selection of about 2,500 different products and services is tailored to meet the needs and preferences of local customers. Stores typically vary in size from 2,400 to 3,000 square feet and are most often located on corners for great visibility and easy access. 7-Eleven ranked #2 on Entrepreneur magazine's 2018 Top Global Franchises List, #32 on the Stores magazine's Top 2018 Retailers, was No. 1 on Entrepreneur magazines Franchise 500's Top 10 Most Popular Retail Companies, and No. 3 on Forbes magazine's "Top 20 Franchises to start" in 2016. .

7-ELEVEN & MAGNUM INSURANCE, INC. | Chicago, IL | 8

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