WINE RETAIL GROUP VCA Bedford, TX

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1 Brian Wine National Retail Group Tel: (310) Fax: (310) License: CA NVA PRINEVILLE VETERINARY CLINIC N E H i c k e y F a r m s R o a d P R I N E V I L L E, O R E G O N P R E S E N T E D B Y WINE RETAIL GROUP VCA Bedford, TX

2 N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E Non-Endorsements 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. Disclaimer THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc Marcus & Millichap. All rights reserved. NVA - PRINEVILLE VETERINARY CLINIC Prineville, OR ACT ID Z THE DANIELAK WINE TEAM

3 EXECUTIVE SUMMARY INVESTMENT OVERVIEW Marcus & Millichap is pleased to present this exclusive listing NVA National Veterinary Associates Animal Hospital located at NE Hickey Farms Road Prineville, Oregon The property is made up of two parcels with two separate buildings equaling approximately 6,000 square feet sitting on approximately.94 acres. The subject property is a triple net (NNN) property with minimal landlord responsibility and approximately four years remaining. The subject property is in the heart of Prineville, Oregon and is near numerous retailers. It is a blue collar city inside of Crook County. Prineville is 37 miles north east of Bend, Oregon. The population is around 14,012 people and the average household income is approximately $49,679 in a five-mile radius. The city has two major tech data centers in the area which include Facebook and Apple. INVESTMENT HIGHLIGHTS Built in 2002 Near Route 26 Recently Purchased by NVA 37 Miles North East of Bend, Oregon Well Performing Vet Hospital OFFERING SUMMARY Price $999,000 Net Operating Income $67,320 Capitalization Rate Current 6.74% Price / SF $ Lease Type NNN Gross Leasable Area 6,000 SF Year Built / Renovated 2002 Down Payment FINANCING All Cash Net Cash Flow 6.74% / $67,320 Cash on Cash Return 6.74% 12

4 THE OFFERING Property NVA Prineville Veterinary Clinic Property Address NE Hickey Farms Road Prineville, Oregon Price $999,000 Capitalization Rate 6.74% Price/ SF $ Year Built Renovated 2002 Gross Leasable Area 6,000 SF Type of Ownership Fee Simple Lot Size.94 Acres Year PROPERTY SUMMARY OFFERING SUMMARY Net Operating Income $67,320 Annual Rent Monthly Rent Rent/SF Cap Rate Current $67,320 $5,610 $ % May 5 th, 2019 $68,866 $5,7222 $ % May 5 th, 2020 $70,243 $5,853 $ % May 5 th, 2021 $71,647 $5,970 $ % LEASE SUMMARY Property Subtype Single Tenant Office Medical Tenant NVA (National Veterinary Associates) Rent Increases 2% each year Guarantor Corporate Guarantee Lease Type NNN Lease Commencement May 4 th, 2017 Lease Expiration May 4 th, 2022 Term Remaining on Lease (Yrs.) 4 Renewal Options 2 Five Year Options Landlord Responsibility Roof & Structure, HVAC, & Parking Lot Tenant Responsibility Insurance, Utilities, & Property Tax

5 TENANT PROFILES National Veterinary Associates (NVA ) is the largest private owner of freestanding veterinary hospitals in the United States. NVA owns approximately 500 companion animal veterinary hospitals and boarding facilities in the United States and Canada. With over 5,500 veterinary professionals that improve the well-being of patients by providing progressive and compassionate veterinary care. Our 900 veterinarians provide a full range of medical and surgical services. NVA was founded in 1996 by Stanley Creighton, DVM, with an emphasis on supporting local medical standards as established by individual hospitals and practitioners. He believed that veterinary medicine is best practiced when veterinarians craft their own hospital and community specific strategies for high quality patient care and client services. The vision continues at NVA as we make available the tools and resources for hospitals to achieve their medical goals while avoiding any single standardized national plan that might not be the best fit for an individual hospital. The variety of tools and resources we provide include emerging research and care standards, access to our national medical database, human resource guidance, marketing support, recruiting assistance, tax preparation and training and education for staff. Managing veterinarians decide what level of medicine they would like their hospital to achieve, and NVA provides the support to get them there. General Information Tenant Name Website Headquartered Rentable Square Feet National Veterinary Associates Agoura Hills, California 6,000 SF Percentage of RBA % Lease Commencement 5/5/2017 Lease Expiration 5/4/2022 No. of Locations +/- 500 throughout the United States & Canada 5

6 VCA PROPERTY - ANDOVER, NAMEMN PRICING AND LOCATION VALUATION TENANT OVERVIEW SUMMARY MATRIX NE Hickey Farms Road Prineville, OR Only NVA in the Area Newer Built in Miles NE of Bend, OR Recently Purchase by NVA NVA VCA Prineville & MY TECH Veterinary AUTO Clinic CLOSE PROXIMITY TO:

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9 VCA PROPERTY - ANDOVER, NAMEMN NE Hickey Farms Road Prineville, OR PRICING REGIONAL AND LOCATION VALUATION TENANT AND LOCAL OVERVIEW SUMMARY MATRIX MAP NVA Prineville Veterinary #

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12 PROPERTY NAME PRICING AND LOCATION VALUATION TENANT MARKETING DEMOGRAPHICS OVERVIEW SUMMARY MATRIX TEAM 3 Miles 5 Miles 10 Miles POPULATION 2022 Projection 12,750 14,668 20, Estimate 12,189 14,012 19, Census 11,822 13,596 18, Census 11,011 12,655 16,757 INCOME Average $49,202 $49,679 $51,373 Median $37,516 $37,963 $39,355 Per Capita $19,553 $19,626 $20,562 HOUSEHOLDS 2022 Projection 5,090 5,828 8, Estimate 4,781 5,471 7, Census 4,672 5,354 7,382 HOUSING 2017 $195,789 $199,174 $215,142 EMPLOYMENT 2017 Daytime Population 12,499 13,731 16, Unemployment 7.08% 7.20% 8.00% 2017 Median Time Traveled Source: 2015 Experian RACE & ETHNICITY White 89.53% 89.85% 91.16% Native American 0.13% 0.12% 0.09% African American 0.28% 0.28% 0.31% Asian/Pacific Islander 0.91% 0.89% 0.79% #

13 The Danielak/Wine Team NVA - PRINEVILLE VETERINARY CLINIC N E H i c k e y F a r m s R o a d P R I N E V I L L E, O R E G O N WINE RETAIL GROUP Exclusively Offered by Adam Lewis Broker Portland Office Tel: (503) Fax: (503) Adam.lewis@marcusmillichap.com License: OR Brian Wine National Retail Group West Los Angeles Office Tel: (310) Fax: (310) brian.wine@marcusmillichap.com License: CA