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7-Eleven5 9 1 4 S t a t e R d 7 0 | B r a d e n t o n , F L

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

f i n a n c i a l O V E R V I E W

a r e a O V E R V I E W

t e n a n t o v e r v i e w

m at t c o at e s

Associate

Matt .Coates@matthews.comDIR (949) 432-4505MOB (714) 366-1236LIC # 01980718 (CA)

A r o n C l i n e

SVP & Sr. Director

Aron.Cl ine@matthews.comDIR (949) 432-4509MOB (818) 632-0233LIC # 01904371 (CA)

Kyle MatthewsBroker of RecordLic # CQ1053263

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

PROPERTY DETAILS

• Absolute NNN Lease - Zero Landlord responsibilities

• Potential for Accelerated Depreciation - huge tax advantage

• Strong, 12% Rental Increases in the Option Periods

LOCATION

• High Daily Traffic Counts in Excess of 51,000 on 53rd Ave E

• 15%+ Population Growth within a 1-mile and 3-mile radius from the site between 2010-2016

• Across the Street from Manatee Technical College (4,000+ students), Braden River High School (2,000+ students), the River Plaza, and Horseshoe Cove RV Resort (12 acres of land with 475 full hookup sites)

• Only gas station for more than a 2-mile stretch on 53rd Ave E aka FL-70

• Major National Tenants within a 1.5-mile radius: Walmart, Publix (2), CVS (2), Starbucks (2), Pet Supermarket, Papa John’s Pizza, Subway (2), GNC, Bank of America (2), Taco Bell, Applebee’s, Tuffy Tire & Auto Service, Tires Plus, McDonald’s (2), Dairy Queen, Long John Silver’s, Jimmy John’s, Tire Kingdom, Dollar Tree, Lowe’s, Dunkin’ Donuts, Chick-fil-A, LA Fitness, Bob Evans, Freddy’s, BB&T, Beef ‘O’ Brady’s

TENANT

• Corporately Guaranteed Lease with 7-Eleven, Inc., backed with AA- Investment Grade Credit (Standard & Poor’s)

• Leased to nationally recognized 7-Eleven, Inc., which has over 8,200 stores nationwide and 60,000 worldwide with annual revenue of more than $10.3 billion

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7 - E l e v e n5914 State Rd 70Bradenton, FL 34203

List Price ....................................................................................................................... $3,160,000

CAP Rate - Current ............................................................................................................... 7.00%

Gross Leasable Area ..................................................................................................± 3,000 SF

Lot Size .........................................................................................................................± 1.11 Acres

Year Built ................................................................................................................................... 1999

Fueling Stations ........................................................................................................................... 12

Annualized Operating DataMonthly Rent Annual Rent Increases CAP Rate

Current thru 11/30/19 $18,439.68 $221,276 N/A 7.00%

Option 1 - 11/30/24 $20,652.44 $247,829 12% 7.84%

Option 2 - 11/30/29 $23,130.74 $277,569 12% 8.78%

Tenant Summary

Tenant Trade Name 7-Eleven

Type of Ownership Fee Simple

Lease Guarantor Corporate

Lease Type NNN

Roof and Structure Tenant Responsible

Original Lease Term 15 Years

Lease Commencement Date 12/1/2014

Rent Commencement Date 12/1/2014

Lease Expiration Date 11/30/2019

Term Remaining on Lease ± 2.25 Years

Increases 12% in Options

Options Two, 5-Year Options

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T e n a n t O v e r v i e w7-Eleven is the world’s largest convenience store chain operating, franchising and licensing more than 60,000 stores in 18 countries and is also one of the nation’s largest independent gasoline retailers. As the pioneer of the convenience store concept, 7-Eleven strives to meet the needs of convenience-oriented guests by providing a broad selection of fresh, high-quality products and services at everyday fair prices, speedy transactions and a clean, friendly shopping environment. Each store maintains a selection of approximately 2,500 different products and services tailored to meet the needs and preferences of its local clientele. Stores typically vary in size from 2,400 to 3,000 square feet and are most often located on corners to maximize visibility and allow for easy access.

The company’s iconic products have become a substantial part of American culture from its well-known Big Gulp® fountain soft drink and Big Bite® grill items to the Slurpee® beverage and its fresh-brewed coffee. 7-Eleven’s food service offerings bring guests a proprietary line of prepared-fresh-daily and daily delivered deli sandwiches, wraps, breakfast sandwiches and a wide assortment fruits, salads and baked goods. Serving guests 24 hours a day is one of the cornerstones of 7-Eleven’s business.

MARKETING & COMPANY STRATEGYWith nonstop innovation, 7-Eleven and its product development teams continue to introduce new products as they search for new flavors, better recipes and useful inventions to satisfy time-constrained customers. Keeping pace with the ways technology is redefining how people shop, 7-Eleven has invested in software and business processes that have revolutionized store operations.

Furthermore, stores reap the benefits from the strong marketing campaigns and advertisements, including national TV and radio commercials, social media, special events and promotions and even public relations support.

GEOGRAPHIC REACHThe company operates, franchises and licenses approximately 10,700 stores in the U.S. and Canada. Of the close to 8,200 stores the company operates and franchises in the United States, more than 6,700 are franchised. Outside of the U.S. and Canada, there are more than 49,300 7-Eleven and other convenience stores in Japan, Taiwan, Thailand, South Korea, China, Malaysia, Mexico, Singapore, Australia, the Philippines, Indonesia, Norway, Sweden, Denmark and United Arab Emirates.

Company Name 7-Eleven Inc.

Ownership Private

No. of Locations (all) ± 60,000

No. of Employees ± 48,000

Headquartered Irving, Texas

Website www.7-eleven.com

Year Founded 1927

Oceanside Blvd ± 31,792

Col

lege

Blv

d ±

40,11

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t h e o f f e r i n g

Property Name 7-Eleven

Property Address 5914 State Rd 70

Bradenton, FL 34203

Assessor’s Parcel Number 17322-1805-9

Zoning PDC

Site DescriptionNumber of Stories One

Year Built 1999

Gross Leasable Area (GLA) ± 3,000 SF

Lot Size ± 1.11 Acres (48,352 SF)

Type of Ownership Fee Simple

Parking ± 20 Surface Spaces

Parking Ratio 6.80 : 1,000 SF

Landscaping Professional

Topography Generally Level

ConstructionFoundation Concrete Slab

Framing Wood

Exterior Concrete Block

Parking Surface Concrete

Roof Flat

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State Road 70 ± 51,000 ADT

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Located in Florida’s Manatee County, Bradenton is a friendly tropical spot just south of Tampa Bay. With its vibrant downtown, beautiful RiverWalk and Village of the Arts, Bradenton is an unexplored paradise. Not only does it boast culture through its working artist community, but Bradenton also celebrates its pioneer past in the Manatee Village Historical Park and the Cortez fishing village.

East Bradenton has been experiencing rapid growth as a result of the increasing popularity of the Lakewood Ranch community. However, the west part of the city continues to attract tourists and potential residents, thereby bringing traffic on the interstate freeways.

B r a d e n t o n , F L

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C o u n t y d e m o g r a p h i c s

POPULATION 1 Mile 3 Mile 5 Mile

2022 Projection 6,294 47,412 150,691

2017 Estimate 5,675 42,919 137,756

2010 Census 4,696 35,518 116,498

2000 Census 4,034 24,912 89,717

Growth 2017 - 2022 10.91% 10.47% 9.39%

HOUSEHOLDS 1 Mile 3 Mile 5 Mile

2022 Projection 2,876 19,892 61,846

2017 Estimate 2,595 18,083 56,643

2010 Census 2,151 15,112 47,998

2000 Census 1,831 10,456 36,114

Growth 2017 - 2022 10.83% 10.00% 9.19%

Growth 2010 - 2017 20.64% 19.66% 18.01%

INCOME 1 Mile 3 Mile 5 Mile

2017 Est. Average Household Income

$81,822 $87,314 $79,231

TOP EMPLOYERS - BRADENTON, FLORIDA1. Manatee County School District

2. Bealls Inc.

3. Manatee County Government

4. Manatee Memorial Hospital

5. Tropicana Products Inc.

6. Manatee County Sheriff’s Department

7. Blake Medical Center

8. Publix

9. IMG Academy

10. State College of Florida Manatee Sarasota

This Offer ing Memorandum contains select informat ion pertaining to the business and af fa i rs of 7-Eleven located at 5914 State Rd 70, Bradenton, FL 34203 (“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 or manner 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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BROKER OF RECORD

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7-Eleven5 9 1 4 S t a t e R d 7 0 | B r a d e n t o n , F L

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m at t c o at e s

Associate

Matt .Coates@matthews.comDIR (949) 432-4505MOB (714) 366-1236LIC # 01980718 (CA)

A r o n C l i n e

SVP & Sr. Director

Aron.Cl ine@matthews.comDIR (949) 432-4509MOB (818) 632-0233LIC # 01904371 (CA)

Kyle MatthewsBroker of RecordLic # CQ1053263