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OFFERING MEMORANDUME X C L U S I V E N E T – L E A S E O F F E R I N G

KFC/Taco Bell Home Depot Outparcel

960 South Route 59 Bartlett, Illinois 60103

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

The information contained in this Marketing Brochure hasbeen obtained from sources we believe to be reliable.However, Marcus & Millichap has not and will not verifyany of this information, nor has Marcus & Millichapconducted any investigation regarding these matters.Marcus & Millichap makes no guarantee, warranty orrepresentation whatsoever about the accuracy orcompleteness of any information provided.

As the Buyer of a net leased property, it is the Buyer’sresponsibility to independently confirm the accuracy andcompleteness of all material information beforecompleting any purchase. This Marketing Brochure is nota substitute for your thorough due diligence investigationof this investment opportunity. Marcus & Millichapexpressly denies any obligation to conduct a due diligenceexamination of this Property for Buyer.

Any projections, opinions, assumptions or estimates usedin this Marketing Brochure are for example only and donot represent the current or future performance of thisproperty. The value of a net leased property to youdepends on factors that should be evaluated by you andyour tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and constructionadvisors should conduct a careful, independentinvestigation of any net leased property to determine toyour satisfaction with the suitability of the property foryour needs.

Like all real estate investments, this investment carriessignificant risks. Buyer and Buyer’s legal and financialadvisors must request and carefully review all legal andfinancial documents related to the property and tenant.While the tenant’s past performance at this or otherlocations is an important consideration, it is not aguarantee of future success. Similarly, the lease rate for

some properties, including newly-constructed facilities ornewly-acquired locations, may be set based on a tenant’sprojected sales with little or no record of actualperformance, or comparable rents for the area. Returnsare not guaranteed; the tenant and any guarantors mayfail to pay the lease rent or property taxes, or may fail tocomply with other material terms of the lease; cash flowmay be interrupted in part or in whole due to market,economic, environmental or other conditions. Regardlessof tenant history and lease guarantees, Buyer isresponsible for conducting his/her own investigation of allmatters affecting the intrinsic value of the property andthe value of any long-term lease, including the likelihoodof locating a replacement tenant if the current tenantshould default or abandon the property, and the leaseterms that Buyer may be able to negotiate with apotential replacement tenant considering the location ofthe property, and Buyer’s legal ability to make alternateuse of the property.

By accepting this Marketing Brochure you agree to releaseMarcus & Millichap Real Estate Investment Services andhold it harmless from any kind of claim, cost, expense, orliability arising out of your investigation and/or purchaseof this net leased property.

CONFIDENTIALITY AND DISCLAIMER

The information contained in the following MarketingBrochure is proprietary and strictly confidential. It isintended to be reviewed only by the party receiving itfrom Marcus & Millichap and should not be made availableto any other person or entity without the written consentof Marcus & Millichap. This Marketing Brochure has beenprepared to provide summary, unverified information toprospective purchasers, and to establish only a preliminarylevel of interest in the subject property. The informationcontained herein is not a substitute for a thorough duediligence investigation. Marcus & Millichap has not madeany investigation, and makes no warranty orrepresentation, with respect to the income or expenses for

the subject property, the future projected financialperformance of the property, the size and square footageof the property and improvements, the presence orabsence of contaminating substances, PCB’s or asbestos,the compliance with State and Federal regulations, thephysical condition of the improvements thereon, or thefinancial condition or business prospects of any tenant, orany tenant’s plans or intentions to continue its occupancyof the subject property. The information contained in thisMarketing Brochure has been obtained from sources webelieve to be reliable; however, Marcus & Millichap hasnot verified, and will not verify, any of the informationcontained herein, nor has Marcus & Millichap conductedany investigation regarding these matters and makes nowarranty or representation whatsoever regarding theaccuracy or completeness of the information provided. Allpotential buyers must take appropriate measures to verifyall of the information set forth herein.

NON-ENDORSEMENT NOTICE

Marcus & Millichap Real Estate Investment Services, Inc.(“M&M”) is not affiliated with, sponsored by, or endorsedby any commercial tenant or lessee identified in thismarketing package. The presence of any corporation’slogo or name is not intended to indicate or implyaffiliation with, or sponsorship or endorsement by, saidcorporation of M&M, its affiliates or subsidiaries, or anyagent, product, service, or commercial listing of M&M,and is solely included for the purpose of providing tenantlessee information about this listing to prospectivecustomers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENTONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAPAGENT FOR MORE DETAILS.

CONFIDENTIALITY AND DISCLAIMER

Table of ContentsFinancial Overview

Offering TermsInvestment Highlights & OverviewTenant OverviewLease Summary

Location Overview

Location Highlights & OverviewSurrounding Aerial MapProperty PhotoLocal MapRegional Map

Demographics

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Property Name Kentucky Fried Chicken/Taco BellProperty Address 960 South Route 59

Bartlett, IL 60103Initial Annual Rent $90,000Price per SF $470Rent per SF $25.86Building Size 3,480 SFLot Size 0.75 AcresYear Built 2002

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify theinformation and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate InvestmentServices is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap 5

Marcus & Millichap is pleased to present the exclusive listing for aKFC/Taco Bell located at 960 South Route 59 in Bartlett, Illinois. Theproperty consists of 3,480 square feet of building space and sits on0.75 acres of land.

This Kentucky Fried Chicken/Taco Bell is subject brand new 20-yeartriple-net (NNN) sale-leaseback. The base rent is $90,000 and issubject to 1.25% annual rental increases starting in year six of thelease term. The increases will continue through the four, five-yeartenant renewal options.

KFC and Taco Bell operate under YUM! Brands, Incorporated (NYSE:YUM), which is an established brand in the marketplace. Yumoperates nearly 43,000 restaurants in almost 140 countries andterritories. Yum! is ranked number 218 on the Fortune 500 List withrevenues of over $13 billion in 2015 and is one of the Aon HewittTop Companies for Leaders in North America. The company’srestaurant brands – KFC, Pizza Hut, and Taco Bell – are the globalleaders of the chicken, pizza and Mexican-style food categories.Worldwide, the Yum! Brands system opens over six new restaurantsper day on average, making it a leader in global retail development.

The Ampex Brands family owns and operates over 300 franchises inthe Tim Horton’s, KFC, Taco Bell, Pizza Hut, Long John Silver’s and theA&W family, and plans on actively increasing their store count in theupcoming years. This lease contains a guarantee from a 16-unit KFCentity owned by Ampex Brands.

Offering Terms Investment Highlights

Long-Term 20-Year Absolute Triple-Net (NNN) Sale Leaseback Attractive 1.25% Annual Increases Starting in Year 6 Four, Five-Year Tenant Renewal Options Positioned as an Outparcel to Home Depot Located Thirty Miles West of Chicago

Investment Overview Financial Summary

Price NOI CAP Rate$1,636,364 $90,000 5.50%

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6This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify theinformation and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate InvestmentServices is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap

Taco Bell Corporation is an Irvine, California-based quick service restaurantchain that specializes in Mexican-style fast food. Taco Bell is the nation’sleading Mexican-inspired restaurant chain and is a subsidiary of YUM!Brands, which is the largest restaurant company in the world. YUM! Brandsis publically traded on the New York Stock Exchange and operates TacoBell, Kentucky Fried Chicken, Pizza Hut, and WingStreet restaurantsworldwide.

About Taco Bell

Taco Bell Headquarters

Taco-Bell serves a variety of Tex-Mex foods to more than 2 billioncustomers each year in more than 6,500 locations worldwide. More than80 percent of its locations are franchised and 2015 system wide salessurpassed $9 billion dollars.

Taco Bell is on the cutting edge of QSR and is the industry gold standard forsocial engagement, product development, brand positioning andadvertising. The brand’s Live Más positioning is an example of how strongbrand identity can drive success across the spectrum. Given the brand’sstrong economics and broad franchisee appeal, Taco Bell continues toaccelerate new-unit openings both domestically and internationally. Theyhad a record number of U.S. openings in 2015 and expect to build uponthis in 2016.

While Taco Bell is primarily a U.S. brand, Yum! Brands plans to make it theCompany’s third global brand. Outside the U.S., they have nearly 300 TacoBell units in 20 countries, excluding the Yum! China Division. The company,with restaurants in Canada, Guam, Aruba, Dominican Republic, Chile, CostaRica, Guatemala, Puerto Rico, Ecuador, Hawaii, Asia, and Europe. Somemenu options include: tacos, burritos, quesadillas, nachos, and otherspecialty items. The company was founded in 1962 by Glen Bell and hassince become one of the most popular restaurant chains in the entireworld.

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KFC Corporation, based in Louisville, Kentucky, is one of the few brands inAmerica that can boast a rich, decades-long history of success andinnovation. It all started with one cook who created a soon-to-be world-famous recipe more than 70 years ago, a list of secret herbs and spicesscratched out on the back of the door to his kitchen. That cook was ColonelHarland Sanders, of course, and now KFC is the world’s most popularchicken restaurant chain, specializing in that same Original Recipe® alongwith Extra Crispy™ chicken, home-style sides and buttermilk biscuits. Thereare more than 18,000 KFC outlets in 115 countries and territories aroundthe world. And you know what? There’s still a cook in a kitchen in everylast one of them, freshly preparing delicious, complete family meals ataffordable prices.

IT’S MADE THE HARD WAY

Hand breaded, freshly prepared and Finger Lickin’ Good®! Our chicken isn't made the fast way or the easy way.

Kentucky Fried Chicken Corporation

Each fresh batch of the world’s best chicken starts with our cooks inspecting each individual piece.

We could find an easier way to make chicken, but then we couldn’t put our name on it.

Then, our fresh chicken is carefully rolled 7 times in our secret blend of 11 herbs & spices before being rocked 7 times and then pressure cooked at a low temperature to preserve all the great taste we’re known for around the world.Ampex Brands was formed in 2005 to acquire 18 Long John Silver’s

restaurants, and has since grown tremendously, landing as the 21st largestfranchisee in the US according to The 2015 Mega 99 Rankings. Currently,Ampex owns and operates around 300 units of KFC, Taco Bell, Tim Hortons,Long John Silver’s and A&W in Arkansas, Louisiana, Texas, Oklahoma, Ohio,Pennsylvania, West Virginia, Illinois, New York and Missouri, and employsover 6,000 team members.

AMPEX Brands

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Lease Summary Annualized Operating DataProperty Name Taco Bell / KFCProperty Type Net Leased Fast Casual Dining

Ownership Fee SimpleTenant Franchisee

Guarantor Ampex Brands of St. Louis Inc(16-Unit Guaranty)

Lease Term 20 YearsLease Commencement Close of EscrowLease Expiration Close of EscrowLease Term Remaining 20 Years from Close of EscrowLease Type Absolute Triple-Net (NNN)Roof & Structure Tenant Responsible

Options to Renew Four, 5-Year OptionsRental Increases 1.25% Annually Starting in Year 6

Rent Increases Annual Rent Monthly Rent

Year 1 $90,000 $7,500 Year 2 $90,000 $7,500 Year 3 $90,000 $7,500 Year 4 $90,000 $7,500 Year 5 $90,000 $7,500 Year 6 $91,125 $7,594 Year 7 $92,264 $7,689 Year 8 $93,417 $7,785 Year 9 $94,585 $7,882

Year 10 $95,767 $7,981 Year 11 $96,964 $8,080 Year 12 $98,177 $8,181 Year 13 $99,404 $8,284 Year 14 $100,646 $8,387 Year 15 $101,904 $8,492 Year 16 $103,178 $8,598 Year 17 $104,468 $8,706 Year 18 $105,774 $8,814 Year 19 $107,096 $8,925 Year 20 $108,435 $9,036

Annual Rent $90,000

CAP Rate 5.50%

Price $1,636,364

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Chicago, IL

This Taco Bell/KFC property is located at 960 South Route 59 in Bartlett,Illinois. Bartlett is a city located in Cook and DuPage counties. Bartlett islocated roughly thirty miles west of Chicago, the most populous city in thestate of Illinois.

Major National Tenants In Surrounding Area Include: Home Depot,Walgreens, Dollar Tree, McDonald’s, Wendy’s, Subway, GNC, Dunkin’Donuts, Sonic, BP, AutoZone

Strong Traffic Counts | Located on South Route 59 and in Close Proximityto West Stearns Road | Average Daily Traffic Counts of 46,223 and 21,100Vehicles Respectively

Bartlett Elementary School and Bartlett High School are Both LocatedWithin Two Miles of the Subject Property | Combined Enrollment: 3,214Students

Elgin Mental Health Center | Located Within Five Miles of the SubjectProperty | Number of Beds: 500


Bartlett, IL

Location Highlights Location Overview

Surrounding Retail and Points of InterestThe subject property is well-positioned, benefiting from its proximity to othermajor national and local retailers. Major national retailers in the area include:Home Depot, Walgreens, Dollar Tree, McDonald’s, Wendy’s, Subway, Sonic,Dunkin Donuts, Baskin Robbins, Radio Shack, AutoZone, Chase Bank, BP, aswell as many others. Bartlett Elementary School and Bartlett High School areboth located within two miles of the Taco Bell-KFC property. The schools havea combined enrollment of 3,214 students. Elgin Mental Health Center, a 500-bed hospital, is located within five miles of the subject property.

Traffic Counts and DemographicsBartlett has approximately 59,244 individuals residing within a three-mileradius of the subject property and more than 194,779 individuals within afive-mile radius. The subject property benefits from its position on SouthRoute 59, which has an average daily traffic count of 46,223 vehicles. Thesubject property is also situated near West Stearns Road, which has anaverage daily traffic count of 21,100 vehicles.

Chicago, IllinoisChicago is the third largest city in the United States as well as the countyseat of Cook County. Located where the Chicago River meets LakeMichigan, Chicago is known as the “Windy City” due to the weathercaused by the nearby bodies of water. Chicago is the second largestbusiness district and the most balanced economy in the nation. MultipleDow 30 companies are based in the Chicago Metropolitan Area, such asBoeing, Kraft, and McDonald’s. Every year, over 50 million people visit thecity. With three-time World Series winners the Chicago Cubs, the six-timeStanley Cup winning Chicago Blackhawks, and six-time NBA championshipwinning Chicago Bulls, the city has a tradition of excellence in all sports.Chicago is also home to several universities such as NorthwesternUniversity, University of Chicago, the Art Institute of Chicago, DePaulUniversity, and several others with a combined total enrollment of over60,000 students. LO

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ADTC 21,100

ADTC 46,223


SURROUNDING AREA MAP

Walgreens


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Chicago, IL

Chicago, IL

17This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bearsall risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus &Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap

PopulationIn 2014, the population in your selected geography is 194,779. The population haschanged by 8.97% since 2000. It is estimated that the population in your area will be201,518 five years from now, which represents a change of 3.45% from the currentyear. The current population is 49.70% male and 50.29% female. The median age ofthe population in your area is 35.8, compare this to the Entire US average which is37.3. The population density in your area is 2,475.18 people per square mile.

IncomeIn 2014, the median household income for your selected geography is $77,455,compare this to the Entire US average which is currently $51,972. The medianhousehold income for your area has changed by 13.22% since 2000. It is estimatedthat the median household income in your area will be $89,291 five years from now,which represents a change of 15.28% from the current year. The current year percapita income in your area is $32,033, compare this to the Entire US average, which is$28,599. The current year average household income in your area is $97,003,compare this to the Entire US average which is $74,533.

EmploymentIn 2014, there are 48,226 employees in your selected area, this is also known as thedaytime population. The 2000 Census revealed that 66.68% of employees areemployed in white-collar occupations in this geography, and 33.42% are employed inblue-collar occupations. In 2014, unemployment in this area is 6.33%. In 2000, theaverage time traveled to work was 33.3 minutes.

1-Mile 3-Mile 5-Mile

2010 5,964 58,647 192,305

2014 6,061 59,244 194,779

2019 6,063 62,156 201,518

POPULATION

1-Mile 3-Mile 5-Mile

Average $122,388 $104,526 $97,004

Median $105,471 $86,213 $77,455

2014 HOUSEHOLD INCOME

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Employers # of Employees

School District 827

Senior Flexonics 432

Greco and Sons 310

TOP EMPLOYERS IN BARTLETT

IL Broker of RecordSteven Weinstock

Title: Mr.M&M REIS

Out of State BrokerOak Brook Terrace, IL 60181

Tel: 6305702250License: 471.011175

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