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BASTROP,BASTROP,BASTROP,BASTROP, LA LA LA LA

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OFFERING MEMORANDUM

CONFIDENTIALITY AND DISCLAIMER

The 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.


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Marcus & 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.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR

MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

NON-ENDORSEMENT NOTICE

NET LEASED DISCLAIMER

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Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Section 1 PROPERTY DESCRIPTION

Section 2 PRICING AND FINANCIAL ANALYSIS

TABLE OF CONTENTS

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PROPERTY DESCRIPTION

Marcus & Millichap is pleased to present this single-tenant, net-leased AT&T store located at 6070 Mer Rouge Road in Bastrop, Louisiana. Built in 2011, this 2,400 square foot building is a NNN deal with minimal landlord responsibilities. There are approximately 4 years and 6 months remaining on the lease, with three five-year options to renew, including a 10% increase with each option.

The subject property is situated adjacent to Walmart along heavily trafficked Mer Rouge Road and Highway 165, the most densely situated retail corridor in Bastrop. Approximately 24,000 vehicles pass the property daily, with 12,000 residents within a 1-mile radius.

This AT&T is Franchisee Backed by Prime Communications, LP, one of the nation's largest AT&T Authorized Retailers, with over 450 locations coast to coast. The company has successfully been in business for over 16 years, employing over 1,700 Sales Associates.

Investment Highlights

■ Attractive Low Price Point | Ideal 1031 Exchange Property

■ Approximately 4 years, 6 months remaining on initial 5-YearTerm | Operator has Three, Five-Year Options to Renew

■ Franchisee Guarantee with Prime Communications, LP, Oneof the Nation's Largest AT&T Authorized Retailers withover 450 locations

■ Strategically Positioned Across from Walmart Supercenter

■ New 2011 Construction | New Roof and HVAC UnitRecently Installed

■ Surrounded by National Retailers Including: Walmart,Toyota, Walgreens, AutoZone, O’Reilly Auto Parts, TacoBell, McDonalds, Subway, Sherwin Williams

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PROPERTY DESCRIPTIONAT&TAT&TAT&TAT&TBASTROP, LA

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Texas, Inc. © 2016 Marcus &Millichap. All rights reserved.

INVESTMENT OVERVIEW

2


The Offering

Property AT&T

Property Address 6070 Mer Rouge Road

Bastrop, LA 71220

Assessor's Parcel Number 904007054

Zoning Commercial

Site Description

Number of Stories 1

Year Built 2011

Rentable Square Feet 2,400

Lot Size 0.2 Acres (8,712 SF)

Type of Ownership Fee Simple

Landscaping None

Topography Flat

Construction

Foundation Cement

Framing Wood

Exterior Brick/Siding

Parking Surface Cement

Roof Flat


PROPERTY SUMMARY

Local Map Regional Map

3



AREA MAPS

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AERIAL PHOTO


PRICING AND FINANCIAL ANALYSIS

Annualized Operating Data

6070 Mer Rouge Road

Bastrop, LA 71220

Price 525,000

Down Payment 100% / $525,000


Price/SF $218.75

CAP Rate 8.00%

Year Built 2011

Lot Size 0.2 Acres (8,712 SF)

Type of Ownership Fee Simple

Location

Rent Increases Annual Rent Monthly Rent

Current: 07/19/2015 - 07/18/2020 $42,000.00 $3,500.00

Option 1: 07/19/2020 - 07/18/2025 $46,200.00 $3,850.00

Option 2: 07/19/2025 - 07/18/2030 $50,820.00 $4,235.00

Option 3: 07/19/2030 - 07/18/2035 $55,902.00 $4,658.50

6

Base Rent ($17.50/SF) $42,000

Net Operating Income $42,000

Total Return 8.00% / $42,000


Tenant Trade Name Prime Communications, LP

Ownership Private

Tenant Franchisee

Lease Guarantor Franchisee Guarantee

Lease Type Absolute Net

Roof and Structure Landlord Responsible

Lease Term 5 Years

Lease Commencement Date July 19, 2015

Rent Commencement Date July 19, 2015

Lease Expiration Date July 18, 2020

Term Remaining on Lease Four Years, Eight Months

Increases 10% Every 5 Years

Options Three Five-Year Options

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Tenant Summary


FINANCIAL OVERVIEW

7


Property Name AT&T

Property Address 6070 Mer Rouge Road

Bastrop, LA 71220

Property Type Net Leased Miscellaneous


Tenant Trade Name Prime Communications, LP

Ownership Private

Tenant Franchisee

Lease Guarantor Franchisee Guarantee

Lease Commencement Date July 19, 2015

Rent Commencement Date July 19, 2015

Lease Expiration Date July 18, 2020

Term Remaining on Lease Four Years, Eight Months

Lease Type Absolute Net

Roof and Structure Landlord Responsible

Lease Term 5 Years

Year 1 Net Operating Income $42,000

Increases 10% Every 5 Years

Options to Renew Three Five-Year Options

Options to Terminate N/A

Options to Purchase N/A

First Right of Refusal N/A

No. of Locations 450+

Headquartered Sugar Land, Texas

Web Site www.primecomms.com

Franchisee Profile

Years in the Business 16+ Years

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*Prime Communications, LP*Prime Communications, LP*Prime Communications, LP*Prime Communications, LP, one of the nation's largest AT&T National Authorized Retailers, has over 450 locations coast-to-coast. They have a 16+ year track record of retail and customer service excellence. The company has successfully been in business for over 16 years, employing over 1,700 Sales Associates.

TENANT OVERVIEW


OFFERING MEMORANDUM

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Offices Throughout the U.S. and Canadawww.MarcusMillichap.com

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