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Gillian GreenfieldBroker of RecordLic # WV0026307

M I c h a e l M o r e n o

Senior Associate

Michael .Moreno@matthews.comDIR (949) 432-4511MOB (818) 522-4497LIC # 01982943

r a h u l c h h a j e d

Associate

Rahul .Chhajed@matthews.comDIR (949) 432-4513MOB (818) 434-1106LIC # 01986299

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PROPERTY

• 7-Eleven has been at this location since 2006

• Ideal 1031 exchange property - Absolute NNN lease offers out of state investors a very passive net leased investment

• Location features 6 pumps and a full-service convenience store

LOCATION

• Property is located on the main thoroughfare across town and is the only 7-Eleven within 12 miles

• Property is located in a retail hub that features national tenants such as Dairy Queen, Burger King, Kroger, K-Mart, McDonald’s, Arby’s, Advance Auto Parts, and AutoZone

• Strong Income Demographics - Average Income within a 5-mile radius is $61,147

TENANT

• 7-Eleven is an investment grade tenant with S&P Rated AA- credit

• 7-Eleven is one of the largest conveniences store operators in the world with 8,500 locations nationwide and annual revenues in excess of $10.3 Billion

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7 - E l e v e n5114 Elk River RdElkview, WV 25017

List Price .......................................................................................................$1,345,964

CAP Rate - Current ..............................................................................................8.50%

Gross Leasable Area ...................................................................................± 4,180 SF

Lot Size ..................................................................................... ± 0.3 Acres (±13,068)

Year Built ...................................................................................................................1986

Annualized Operating DataMonthly Rent Annual Rent Rent/SF Cap Rate

Base Term - 2021 $9,533.91 $114,406.88 $27.37 8.50%

Option 1 $10,248.95 $122,987.39 $29.42 9.14%

Option 2 $11,017.62 $132,211.44 $31.63 9.82%

Option 3 $11,843.94 $142,127.30 $34.00 10.56%

Tenant Summary

Tenant Trade Name 7-Eleven Corporation

Type of Ownership Fee Simple

Lease Guarantor Corporate

Lease Type NNN

Roof and Structure Tenant Responsibility

Original Lease Term 15 Years

Rent Commencement Date 8/8/2006

Lease Expiration Date 8/7/2021

Term Remaining on Lease ± 3.75 Years

Increases 7.5% Every Five (5) Years

Options Three, 5-Year Options

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7 - E l e v e n , E l k v i e w , W V | 7

Te 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.

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.

7-Eleven Inc.Private

± 60,000 Locations

± 48,000 Employees

Headquartered: Irving, TX

Founded: 1927

www.7-eleven.com

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t h e o f f e r i n gProperty Name 7-Eleven

Property Address5114 Elk River Rd

Elkview, WV 25071

Assessor’s Parcel Number 15-23B-00290003

Site DescriptionNumber of Stories One

Year Built 1986

Gross Leasable Area (GLA) ± 4,180 SF

Lot Size ± 0.3 Acres (13,068 SF)

Type of Ownership Fee Simple

Parking ± 10 Surface Spaces

Parking Ratio 2.39 : 1,000 SF

Landscaping Professional

Topography Generally Level

p a r c e l m a p

ConstructionFoundation Concrete Slab

Framing Steel

Exterior Brick

Parking Surface Asphalt

Roof Flat

S u r r o u n d i n g R e ta i l

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Elkview is a census-designated place along the Elk River in Kanawha County, West Virginia. Elkview is 12 miles east of Charleston, WV. The cost of living in Elkview is about 16% below the U.S. average cost of living, making Elkview an affordable place to live while still being in a commutable distance to a larger city.

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POPULATION 3 Mile 5 Mile 7 Mile

2022 Projection 4,336 10,804 16,238

2017 Estimate 4,400 10,945 16,518

2010 Census 4,491 11,145 16,979

2000 Census 4,494 10,915 17,034

HOUSEHOLDS 3 Mile 5 Mile 7 Mile

2022 Projection 1,863 4,526 6,828

2017 Estimate 1,883 4,575 6,930

INCOME 3 Mile 5 Mile 7 Mile

2016 Est. Average Household Income

$54,922 $61,147 $59,449

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Charleston, WV

Charleston is the capital and largest city of the State of West Virginia. It is located at the confluence of the Elk and Kanawha Rivers in Kanawha County. It is a center of government, commerce, and industry. It is home to the 130th Airlift Wing of the West Virginia Air National Guard as well as a number of colleges and universities. Charleston is home to numerous annual events and fairs that take place throughout the city, from the banks of the Kanawha River to the capitol grounds.

Charleston is home to numerous annual events and fairs that take place throughout the city, from the banks of the Kanawha River to the capitol grounds. Charleston is also home to numerous annual events and fairs thattake place throughout the city, from the banks of the Kanawha River to the capitol grounds. Some of the most popular include Symphony Sunday, the FestivALL, the Charleston Sternwheel Regatta and the Daily Mail Kanawha County Majorette and Band Festival. Twice a year, in late April and again in early November, the West Virginia International Film Festival occurs, where many domestic and international films are shown that range from full-length feature films, shorts, documentaries, animation and student films. The city also contains public parks, such as Cato Park and Coonskin Park, and the Kanawha State Forest, as well as many historical buildings like the West Virginia State Museum and the Capitol Theatre.

The Clay Center for the Arts and Sciences of West Virginia in Charleston, West Virginia, US is a 240,000-square-foot facility dedicated to promoting performing arts, visual arts, and the sciences. All three being housed under one roof makes the Clay Center one of the few of its kind in the United States. It is currently the home to Avampato Discovery Museum and the West Virginia Symphony. The Avampato Discovery Museum features two floors of interactive science exhibits and an art gallery. The Museum’s art gallery features selections from its permanent collections and traveling exhibitions.

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This Offer ing Memorandum contains select informat ion pertaining to the business and af fa i rs of 7-Eleven located at 5114 Elk River Rd Elkview, WV 25071 (“Property”) . I t has been prepared by Matthews Retai l Advisors. 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 Retai l Advisors. 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 Retai l Advisors 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 Retai l Advisors 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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7-Eleven5 1 1 4 E l k R i v e r R d | E l k v i e w , W V 2 5 0 7 1

™

Gillian GreenfieldBroker of RecordLic # WV0026307

M I c h a e l M o r e n o

Senior Associate

Michael .Moreno@matthews.comDIR (949) 432-4511MOB (818) 522-4497LIC # 01982943

r a h u l c h h a j e d

Associate

Rahul .Chhajed@matthews.comDIR (949) 432-4513MOB (818) 434-1106LIC # 01986299