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1 O F F E R I N G M E M O R A N D U M Click Image For Online Property Map

2 DISCLOSURE : All materials and information received or derived from Fortis Net Lease (hereinafter collectively referred to as FNL ), its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty by FNL its directors, officers, agent s, advisors, or affiliates as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, suitability, financial performance of the property, projected financial performance of the property for any party s intended use or any and all other matters. Neither FNL its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party s active conduct of its own due diligence to determine these and other matters of significance to such party. FNL will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. ALL PARTIES SHALL CONDUCT THEIR OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE: Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. FNL makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. FNL does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by FNL in compliance with all applicable fair housing and equal opportunity laws. P R E S E N T E D BY: MARVIN DE LAURA Senior Director mdelaura@fnlre.com Fortis Agents Cooperate Click Here To Meet The Team Circle-K Gas & Convenience Store

3 INVESTMENT SUMMARY List Price: $3,743,200 NOI: $196,518 Initial Cap Rate: 5.25 % Land Acreage: 1.78 Acres Year Built: 2002 Building Size: 2,880 SF Google Aerial Map: Click HERE Google Street View: Click HERE LEASE SUMMARY Lease Type: Modified NNN Taxes/Insurance/CAM: Tenant Responsibility Structure/Roof/Parking/HVAC: Tenant Responsible Slab & Structure: Landlord Responsibility Original Lease Term: 20 years Rent Commencement: August 29th, 2001 Rent Expiration: August 31st Term Remaining: 3+ Rent Increases: 6% increase every 5 years Option Periods: Four, 5 Year Options INVESTMENT HIGHLIGHTS Busy 16 Pump Location Open 24 Hours 7 Days a Week New Build to Suit in 2002 Standard & Poors Credit Rated Tenant (BBB) Minimal Landlord Responsibility Slab & Structure Only Four, 5 year options after primary term Florida is a No Income Tax State LOCATION HIGHLIGHTS Intersection of SW 34th St (12,140+ VPD) and SW 35th Pl 5 Mile Population Exceeds 148,080 Residents Average Household Income Exceeds $64,444 Within 5 Miles Median Home Value Within 5 Miles Exceeds $40,739 Five Minutes from University of Florida Positioned Near National Retail Tenants Including: Walmart, Chick -Fil-A, Chipotle, Tropical Smoothie Café, McDonalds, Publix, Starbucks, TGI Fridays, Taco Bell, Panera, Subway, and many more. TENANT WEBSITE: Number of Locations: Stock Symbol: 3,300 in the US (OTCMKTS:ANCUF) L AC ZiY r cd lo e G K C A FFÉ O RFT OI S R TN IES T NL ET A SL E A S E

4 INVESTMENT OVERVIEW Fortis Net Lease is proud to present a free standing Advance Auto Parts store at the intersection of Superior Ave and Lakeview Rd in Cleveland, OH. There are 3+ years remaining on an original 20 year modified NNN lease requiring minimal landlord responsibilities. The Landlord is only responsible for the slab and structure while the Tenant pays all other expenses including tax, insurance, CAM Roof, Parking lot, and HVAC. The lease has Four 5 year option periods after original term which feature 5% rent increases every 5 years. The subject property is located along a major retail corridor and is surrounded by many national tenants including: Walgreens, Foreman Mills, Rally s, Save-a-lot, Dollar General, McDonald s, Papa Johns, Taco Bell, Wendy s, Shell, Popeye's and more. This location was recently rebranded from Kangaroo to Circle K indicating Circle K s commitment to this site. The non stop customer traffic visiting this location should assure any Investor that Circle K will exercise their options and lease this site for many more years. TENANT OVERVIEW For more than 60 years, Circle K has been one of North America s most popular and successful operators of convenience stores. Today, there are more than 6,050 Circle K stores in the United States, which are located in 41states. Circle K Stores, Inc ( Circle K ) is a convenience store and gasoline service station operator based in Phoenix, Arizona. What began in 1951 with the purchase of three Kay s Food Stores in El Paso, Texas, has become one of the nation s largest chains of company-operated convenience stores. Circle K is known for fast and friendly service all over the world. Circle K is owned and operated by Alimentation Couche-Tard Inc. or simply Couche-Tard. Couche-Tard is one of the largest companyowned convenience store operators in the world with more than 16,000 stores across Canada, the United States, Europe, Mexico, Japan, China, and Indonesia. Couche-Tard is publicly traded on the Toronto Stock Exchange under the symbols ATD.A and ATD.B. Couche-Tard, has announced the creation of a new global convenience brand, Circle K. The new Circle K brand will replace Couche-Tard s existing Circle K, Statoil, Mac s and Kangaroo Express branding on stores and service stations across Canada, the USA, Scandinavia, Central and Eastern Europe. The new Circle K brand will also appear on licensed stores worldwide. LCA iz ry c Dl e O G K C AF OE R TFI S O RN TE IT S LN EEA T S E L E A S E

5 Gainesville, FL The Florida city of Gainesville is the county seat of Alachua County, and also the county's largest city. It is situated 37 miles north of Ocala, 71 miles southwest of Jacksonville and 114 miles northwest of Orlando. The city is served by an extensive road system, including Interstate 75, US Route 301, US Route 441 and Florida State Highways 20, 24 and 26. Gainesville is noteworthy for being the home of the University of Florida, Florida's principal state university and the fourth-largest university in the nation. Gainesville is also home to Santa Fe Community College, one of the largest community colleges in the U.S. Incorporated in 1869, Gainesville was named in honor of General Edmund Pendleton Gaines, a noted commander in the Second Seminole War. During the latter part of the 19th century, the city and its county prospered, riding the success of the citrus and phosphate industries. The city's advantageous central location also made it a prime target of the burgeoning railroad industry. Although the early part of the 20th century brought the boll weevil and its devastating effect on cotton crops, the new century also brought construction of the University of Florida (1906), giving Gainesville a staple that would later prove vital in helping the city's economy weather the depression era. The university has also been a key factor in the continued prosperity of Gainesville during the latter half of the 20th century. Today, Gainesville boasts world class medical facilities, historic districts, new or newly-restored city buildings and numerous cultural venues. P O TC Bi re cl Ll Y e & K T - MF O RB TI LI S E N EF T OLE R TAI S E N E T LE A S E

6 P O TC LB Ai Er ZL cy LlY De O& K G T -C MA F FO E BR IT LI E FS O NR EF T OI S RL TE NI AE ST E NL ET ALE S E A S E

7 Subject Property SW 34th St. ADT: 36,669 VPD L A Z Y D O G C A F E F O R T I S N E T L E A S E C i r c l e K F O R T I S N E T L E A S E

8 Top Employers in Alachua County University of Florida UF Health Alachua County School Board North FL/South GA Veterans Health System City of Gainesville Publix Supermarkets North Florida Regional Medical Center Average Household Income Exceeds $64,000 Within 5 Miles 148,080 People Live Within 5 Miles C i r c l e K F O R T I S N E T L E A S E

9 P O TL CB Ai EZ rl Y cl Y lde O& K G T -C MA F OE BR I TL IE FS O NR FE TO T I S RL TN EI AE S T SN E L ET ALE S E A S E

10 Population 1 Mile 3 Mile 5 Mile 2017 Total Population: 18,737 72, , Population: 19,472 76, ,427 Pop Growth : 3.92% 4.58% 4.96% Average Age: Households 2017 Total Households: 8,718 29,556 62,084 HH Growth : 4.08% 5.12% 5.19% Median Household Inc: $20,630 $27,424 $40,739 Avg Household Size: Avg HH Vehicles: Housing Median Home Value: $82,465 $138,481 $181,468 Median Year Built: Population: 1 Mile 3 Mile 5 Mile 2022 Projection 19,472 76, , Estimate 18,737 72, , Census 18,591 69, , Population Hispanic Origin 2,906 9,990 16, Population by Race: White 11,339 49, ,007 Black 3,654 12,718 27,909 Am. Indian & Alaskan Asian 3,029 7,964 12,152 Hawaiian & Pacific Island Other 640 2,372 4,414 U.S. Armed Forces: Households: 2022 Projection 9,074 31,069 65, Estimate 8,718 29,556 62, Census 8,589 27,532 57,586 Growth % 5.12% 5.19% Owner Occupied 730 6,055 24,957 Renter Occupied 7,988 23,502 37, Avg Household Income $31,115 $43,751 $64, Med Household Income $20,630 $27,424 $40, Households by Household Inc: <$25,000 4,872 13,735 21,098 $25,000 - $50,000 2,279 7,555 14,428 $50,000 - $75, ,661 8,413 $75,000 - $100, ,024 6,214 $100,000 - $125, ,978 $125,000 - $150, ,276 $150,000 - $200, ,913 $200, ,766 P O TL CB Ai EZ rl Y cl ly De O& K G T -C MA F FO E BR I TL IE FS O NR FE TO T I S RL TN EIA ES ST NE L ET ALE S E A S E

11 P R E S E N T E D BY: MARVIN DE LAURA Senior Director mdelaura@fnlre.com Circle-K Gas & Convenience Store [