Jerome E Lewless II

Florida Licensed Real Estate Broker

Smith McIntosh Properties, Inc.

1971 Lee Road Suite B

Winter Park, FL 32789

Cellular: 407-353-8139

Skype: jlewless

www.smithmcintosh.com10/18/2016

Quite often we hear from our larger real estate clients regarding their inability to locate above average return, long

term investment properties. Our colleagues tell us how many of their clients are acquiring commercial real estate with

average returns in the 4-5% range mainly due to lack of viable options in today's marketplace.

We are about to bring a warehouse distribution portfolio to market with 4-10 year NNN leases in place producing a

true 9%+ CAP Rate. The assets are located in major MSA's in the southeast backed by a strong tenant. All of the

boxes investors look for in a high yield portfolio have been checked prior to our introduction of this asset to the

marketplace. Seller and Tenant are amenable to adjusting lease terms to meet a qualified buyers needs.

Thomaston, GA: Estimated Cost to Build: $32,000,000.00USD10/18/2016

10/18/2016

Financials Based on Current Leases

10/18/2016

Location Sq./Ft.Lease Start

Date Term in Years

Lease Rate per Sq./Ft. Est. NOI

CAP RATE Target Target Price Year Built

Memphis, TN 40,000 2/1/2016 4 $ 2.75 $ 110,000.00 1985

72,000 6/1/2016 6 $ 4.70 $ 338,400.00

9,000 6/1/2016 6 $ 6.13 $ 55,170.00

$ 503,570.00 9% $ 5,595,222

Fort Myers, FL 14,020 9/1/2016 6 $ 8.00 $ 112,160.00 9% $ 1,246,222 1979

Thomaston, GA 433,000 10/1/2016 8 $ 2.00 $ 866,000.00 9% $ 9,622,222 1994

Highpoint, NC 46,000 12/1/2016 10 $ 5.00 $ 230,000.00 9% $ 2,555,556

Manning, SC 70,960 10/1/2016 8 $ 4.00 $ 283,840.00 9% $ 3,153,778 1985

Jacksonville, FL 157,355 11/1/2016 8 $ 4.50 $ 708,097.50 9% $ 7,867,750 1971

TOTALS 842,335 $ 2,703,668 9% $30,040,750

TenantFormed in 1960, this tenant has now become one of the largest and most successful distribution companies in the

South East of the United States and one of the top 3 largest bookers in the Specialized Transportation Industry.

Today the company has 15 locations nationally, and employs over 300 employees with estimated revenues for 2017

exceeding $22,000,000.00USD

The company represents numerous Fortune 500 companies, such as Electrolux, Dick’s Sporting Goods, American

Woodmark, Sears, The Trane Corporation, Dollar General as well as hundreds more local and regional

companies. They have become Florida’s leading distribution company, and have done so because they have delivered

as promised for almost 60 years.

10/18/2016

Due Diligence Items in Possession

• Fully executed leases

• Vendor Agreements

• Financial Statements for Assets

• Tenant Company Financial Statements

• Tenant Company Owner Personal Financial Statements

• Tenant Bank References

• Tenant Client References

• Seller Due Diligence Materials

10/18/2016

Terms

• Cash at Closing

• 30 Day Due Diligence Period

• Close within 30 Days of Completion of Due Diligence

• Seller and Tenant are readily willing and able to be available to expedite the sales process

10/18/2016

Assets are Being Sold Below Replacement Cost

Neither Broker nor any of their respective officers, directors, employees or agents has made nor will make any representation or warranty, expressed or implied, as to the accuracy or completeness of the Confidential Information and no legal liability is assumed or shall be implied with respect thereto. The Confidential Information has been or will be gathered from sources that are deemed reasonably reliable, but Broker does not warrant or represent that the Confidential Information is true or correct. Recipient is strongly advised to verify the Confidential Information independently. Broker reserves the right to change the price, or any Confidential Information provided or to withdraw the Property or any portion thereof from the market at any time without notice. While Owner and/or Broker may discuss the purchase and sale of the Property, either Owner or Broker, in their sole and absolute discretion, may terminate discussions at any time and for any reason or for no reason. Recipient acknowledges that Broker has no obligation to discuss or agree to the sale of the Property or any portion thereof. The discussions may be lengthy and complex, notwithstanding that Owner and Broker may reach one or more oral understandings or agreements on one or more issues they are discussing, neither Owner nor Broker shall be bound by any oral agreement of any kind and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by the party to be bound. Recipient understands that Broker has no power or authority to bind Owner to any agreement.10/18/2016