M c D O N A L D ’ S

1 4 2 9 M a r i o n Wa l d o R o a d , M a r i o n , O H 4 3 3 0 2

Long Term Occupancy: 24+ Years | Ground Lease | Recent 5-Year Extension

O F F E R I N G M E M O R A N D U M

A C T U A L P R O P E R T Y

N O N - E N D O R S E M E N T & D I S C L A I M E R N O T I C E

C O N F I D E N T I A L I T Y & D I S C L A I M E RThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should

not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to

prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation.

Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial

performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and

Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of

the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify,

any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy

or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus &

Millichap Real Estate Investment Services, Inc.

© 2018 Marcus & Millichap. All rights reserved.

N O N - E N D O R S E M E N T N O T I C EMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not

intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial

listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

S P E C I A L C O V I D 1 9 N O T I C EA l l p ot e nt i a l buye r s are s t rong ly a dv i s e d t o t a ke a dv ant a ge o f t h e i r opp or tu n i t i e s an d o b l i g at i ons t o c on du c t t h orou g h du e d i l i ge n c e an d s e e k e x p e r t opi n i ons a s t h e y m ay

d e e m n e c e s s ar y, e s p e c i a l l y g ive n t h e u npre d i c t ab l e c h ange s re s u l t i ng f rom t h e c ont i nu i ng C OV I D - 1 9 p an d e m i c . Marc u s & Mi l l i c h ap h a s n ot b e e n re t a i n e d t o p e r for m ,

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p ot e nt i a l buye r s a re a d m on i s h e d an d a dv i s e d t o e ng a ge o t h e r profe s s i on a l s on l e g a l i s s u e s , t a x , re g u l at or y, f i n an c i a l , an d a c c ou nt i ng m at t e r s , an d for qu e s t i ons

i nvo lv i ng t h e prop e r t y ’s phy s i c a l c on d i t i on or f i n an c i a l out l o ok . Pro j e c t i ons an d pro for m a f i n an c i a l s t at e m e nt s a re n ot g u ar ant e e s an d , g ive n t h e p ot e nt i a l

vo l at i l i t y c re at e d by C OV I D - 1 9 , a l l p ot e nt i a l buye r s s h ou l d b e c om for t ab l e w i t h an d re ly s o l e ly on t h e i r ow n pro j e c t i ons , an a ly s e s , an d d e c i s i on - m a k i ng .

OFFICES THROUGHOUT THE U.S. AND CANADAwww.marcusmillichap.com

R E P R E S E N T A T I V E P H O T O3

Marcus & Millichap is pleased to present a McDonald’s restaurant located at 1429 Marion-Waldo Road, Marion, Ohio. The property consists of 4,922 square feet of building space and sits on approximately 1.32 acres of land. This ground

lease investment calls for zero landlord responsibilities.

The subject property was built in 1995, and McDonald’s has been operating at this location for over 24 years. McDonald’s recently signed a five year extension with approximately five and a half years remaining on the lease.

The proposed base rent is $80,000 and will be subject to rental increases every five years. These rental increases will continue through the remaining two, five-year tenant renewal options.

This McDonald’s is backed by a corporate guaranteed. McDonald’s Corporation (NASDAQ: MCD), a publicly traded company with annual revenue in excess of $21 billion, is one of the leading global food-service retailers with more than

38,695 local restaurants serving approximately 69 million people in over 100 countries each day.

McDonald’s1 4 2 9 M a r i o n Wa l d o R d , M a r i o n , O H 4 3 3 0 2

I N V E S T M E N T H I G H L I G H T S

Tenant Recently Executed a Five (5)-Year Extension

Ground Lease (NNN) | No Landlord Responsibilities

Strong Commitment to Location | Operating at This Location for Over 24 Years

Two (2), Five (5)-Year Options with Increases Remaining

Out-Parcel to Marion Centre Mall | Across the Street from Kroger

Visibility to over 16,000+ VPD

Corporate Guarantee

I N V E S T M E N T S U M M A R Y 4

TENANT SUMMARY // McDonald’s

McDonald’s is the world’s largest restaurant chain by revenue, serving over 69 million customers daily in over 100 countries across 38,695 outlets as of 2019. Although McDonald’s is best known for its hamburgers, cheeseburgers and french fries, they feature chicken products, breakfast items, soft drinks, milkshakes, wraps, and desserts. In response to changing consumer tastes and a negative backlash because of the unhealthiness of their food, the company has added to its menu salads, fish, smoothies, and fruit. The McDonald’s Corporation revenues come from the rent, royalties, and feespaid by the franchisees, as well as sales in company-operated restaurants. McDonald’s has three pillars in their growth strategy that has kept them successful over the past 60+ Years. These pillars include Retaining, Regaining, and Converting customers. With such a large focus on customer satisfaction they have stayed at the top of the list of fast food restaurants.

P R O P E R T Y O V E R V I E W 6

Company NamePublic (NYSE:MCD)

2019 Employees210,000

2019 Revenue$21.08 Bi l l ion

2019 Net Income$5.92 Bi l l ion

2019 Assets$47.51 Bi l l ion

Credit RatingS&P: BBB+

P R O P E R T Y O V E R V I E W 7

RENT SCHEDULE ANNUAL RENT % CHANGE

12/31/2015 - 12/30/2020 $70,000

12/31/2020 - 12/30/2025 $80,000 14.29%

12/31/2025 - 12/30/2030 $91,000 13.75%

12/31/2030 - 12/31/2035 $103,000 13.19%

A C T U A L P R O P E R T Y

A C T U A L P R O P E R T Y

*Parcel to be separated prior ro closing

PRICING DETAILS // McDonald’s

THE OFFERING

Price $1,650,000

Capitalization Rate 4.85%

Price/SF $335.23

NOI $80,000

PROPERT Y DESCRIPTION

Parcel No. (APN) 18-010001.1800

Property Address 1429 Marion-Waldo Road

City, State, Zip Marion, OH 43302

Year Built // Renovated 1995 // 2011

Building Area 4,922-SF

Parcel Size 1.32 ± Acres

LEASE SUMMARY

Original Lease Term 20-Years

Lease Term Remaining 5.5-Years Remaining

Rent Commencement October 26th, 1995

Lease Expiration December 30th, 2025

Lease Type Ground-Lease (NNN)

Land Lord Responsibility None

Options to Renew Two (2), Five (5)-Year Options

Rental Increases 13%+ During Options

Right of First Refusal No

Marion is a city in and the county seat of Marion County, Ohio, United States. The municipality is located in north-central Ohio, approximately 50 miles north of Columbus. Marion currently styles itself as “America’s Workforce Development Capital” given public–private educational partnerships and coordination of educational venues, from four and two–year college programs to vocational and technical training and skill certification programs.

While Marion and the surrounding area is generally rural, manufacturing is a significant source of employment. The county is a well-positioned rail transportation hub with access to U.S. 23, serving as a major connection to Interstate 80 and Interstate 90 through Detroit and Toledo to the north, and connections to Interstate 71 and Interstate 70 through nearby Columbus.

One of the largest intermodal freight transport facilities in the country is located in Marion. It provides rail and local truck delivery services for Whirlpool Corporation, International Paper and major automotive parts manufacturers, among many others. Whirlpool’s dryer manufacturing facility in Marion is the largest in the world, producing over 20,000 dryers daily.

Marion City Schools enroll 4,206 students in public primary and secondary schools. The district administers 8 public schools including six elementary schools, one middle school, and one high school.

C i t y O fM A R I O N

M A R ION ’ S TOP T E N E M PL OY E R S

EMPLOYER # EMP. TYPE

1. Whirlpool Corp. 2,384 Industrial

2. OhioHealth Marion Genreal Hospital 1,421 Medical

3. Marion City Schools 769 Education

4. Andersen Windows 600 Industrial

5. The Kroger Co. 850 Retail

6. Wyandot, Inc 410 Industrial

7. Union Tank Car Company 385 Industrial

8. US Yachiyo, Inc. 373 Indsutrial

9. Marion Industires, Inc 330 Industrial

10. Nucor Steel Marion, Inc 259 Industrial

M A R ION L O C A L S C HO OL S

SCHOOL # ENROLLED

1. Marion City Schools 4,330

2. Marion Technical College 2,477

3. River Valley Local Schools 1,941

4. Ohio State University at Marion 1,252

5. Pleasant Local Schools 1,180

6. Elgin Local Schools 989

7. Ridgedale Local Schools 673

8. Heritage Christian School 173

L O C A T I O N O V E R V I E W 8

POPUL ATION 3 Mi les 5 Mi les 7 Mi les2019 Estimate

Total Population 37,494 49,348 54,958

2010 Census

Total Population 38,013 49,283 54,929

2000 Census

Total Population 38,761 48,042 54,489

Current Daytime Population

2019 Estimate 36,847 48,375 55,019

HOUSEHOLDS 3 Mi les 5 Mi les 7 Mi les2019 Estimate

Total Households 14,876 17,404 19,483

Average (Mean) Household Size 2.48 2.5 2.52

2010 Census

Total Households 15,581 18,113 20,244

2000 Census

Total Households 15,837 18,209 20,192

O C CUPIED UNIT S 3 Mi les 5 Mi les 7 Mi les2019 Estimate 17,763 20,597 22,872

HOUSEHOLDS BY INCOME 3 Miles 5 Miles 7 Miles

§2019 Estimate

$150,000 or More 3.83% 3.81% 3.96%

$100,000 - $149,000 8.24% 8.74% 9.36%

$75,000 - $99,999 10.10% 10.44% 10.97%

$50,000 - $74,999 20.42% 20.61% 21.24%

$35,000 - $49,999 15.14% 15.48% 15.61%

Under $35,000 42.25% 40.93% 38.87%

Average Household Income $55,587 $56,267 $58,023

Median Household Income $42,446 $43,615 $45,650

Per Capita Income $22,292 $21,228 $21,905

HOUSEHOLDS BY EXPENDITURE 3 Mi les 5 Mi les 7 Mi lesTotal Average Household Retail Expenditure $66,119 $67,029 $68,743

• Consumer Expenditure Top 10 Categories

Housing $16,568 $16,758 $17,103

Transportation $11,921 $11,995 $12,265

Shelter $9,038 $9,124 $9,281

Food $7,499 $7,584 $7,762

Personal Insurance and Pensions $6,879 $7,089 $7,419

Health Care $4,851 $4,934 $5,085

Utilities $3,619 $3,662 $3,736

Entertainment $3,294 $3,363 $3,468

Gifts $1,859 $1,879 $1,936

Household Furnishings and Equipment $1,827 $1,851 $1,900

POPUL ATION PROFILE 3 Mi les 5 Mi les 7 Mi lesPopulation By Age

2019 Estimate Total Population 37,494 49,348 54,958

Under 20 25.19% 22.70% 22.64%

20 to 34 Years 18.61% 20.63% 20.09%

35 to 39 Years 5.71% 6.36% 6.27%

40 to 49 Years 11.64% 13.20% 13.16%

50 to 64 Years 19.99% 20.21% 20.71%

Age 65+ 18.87% 16.89% 17.12%

Median Age 40.45 40.24 40.82

• Population 25+ by Education Level

2019 Estimate Population Age 25+ 25,868 34,898 38,989

Elementary (0-8) 2.13% 2.05% 2.00%

Some High School (9-11) 10.24% 11.71% 11.22%

High School Graduate (12) 42.55% 42.50% 42.82%

Some College (13-15) 22.54% 22.78% 22.76%

Associate Degree Only 8.04% 7.98% 8.02%

Bachelors Degree Only 8.00% 7.18% 7.28%

Graduate Degree 5.51% 4.90% 4.97%

D E M O G R A P H I C S 9

Michael GlassBroker of Record

Lic.# BRK 2007005898

E X C L U S I V E L Y L I S T E D B Y

Dar p an PatelFirst Vice President, Investments

Net Lease Retail GroupDirect: (513) 878-7723 // Fax: (513) 878-7710

Darpan.Patel@marcusmillichap.comLicense: OH SAL 2012000748

Frank SimcicPartner | The Patel Group

National Retail GroupDirect: (513) 878-7745 // Fax: (513) 878-7710

Frank.Simcic@marcusmillichap.comLicense: OH SAL 2015005386