FOR SALE CARE PLUS, A SPARKS HEALTH URGENT CARE FACILITY 14 GOTHIC RIDGE RD, VAN BUREN, AR 72956

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1 FOR SALE

2 EXECUTIVE SUMMARY OFFERING SUMMARY Sale Price: Cap Rate: NOI: Lot Size: Year Built: Building Size: Renovated: $1,750, % $157, Acres ,671 sf 2005 Zoning: Commercial 2 Market: Fort Smith Submarket: Van Buren Traffic Count: Price / SF: 22,000 $ sf PROPERTY OVERVIEW Prominently located with excellent visibility and convenient access, this single-tenant, triple-net lease medical office building is occupied by CarePlus, a Sparks Medical Center urgent care affiliate facility in Van Buren, AR. Built in 1998 and expanded in 2005, the corporate guaranteed lease was recently extended through 2023, includes 2% annual base rent increases and two additional five year renewal terms.

3 ADDITIONAL PHOTOS

4 REGIONAL MAP Care Plus

5 LOCATION MAPS

6 DEMOGRAPHICS MAP POPULATION 1 MILE 5 MILES 10 MILES Total population , ,668 Median age Median age (Male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES Total households ,813 48,685 # of persons per HH Average HH income $53,101 $45,768 $49,002 Average house value $148,139 $137,902 $148,640 ETHNICITY (%) 1 MILE 5 MILES 10 MILES Hispanic 4.4% 15.1% 14.8% RACE (%) White 90.4% 82.4% 80.6% Black 1.6% 4.2% 6.5% Asian 1.6% 3.8% 3.8% Hawaiian 0.0% 0.0% 0.0% American Indian 1.7% 1.3% 1.1% Other 1.1% 4.6% 3.4% * Demographic data derived from 2010 US Census

7 LOCATION DESCRIPTION VAN BUREN Van Buren is the second largest city in the Fort Smith, Arkansas-Oklahoma Metropolitan Statistical Area and the county seat of Crawford County, Arkansas. The city is located directly northeast of Fort Smith and the Interstate 40 & Interstate 540 junction. The 2018 estimated population is 23,377 persons. Located in the southwest corner of Crawford County, the Arkansas-Oklahoma state line is two miles to the west. The Arkansas River forms the southern boundary of the city separating it from Fort Smith. Van Buren is home to many large corporations within the state and employs a great deal of the city's population within its Port and Industrial Park district. Major employers include poultry processors Tyson Foods and Simmons, the Van Buren School District, USA Truck and Sparks Medical Center Van Buren. FORT SMITH Fort Smith is the second largest city in Arkansas and one of two county seats of Sebastian County. The estimated 2018 population is 89,644 persons and is the principal city of the Fort Smith, Arkansas-Oklahoma Metropolitan Statistical Area, a region of an estimated 290,094 persons as of Fort Smith lies on the Arkansas-Oklahoma state border, situated at the confluence of the Arkansas and Poteau Rivers, also known as Bell Point. Fort Smith has long been a regional manufacturing center, with major plants located in the city operated by Rheem, Trane, Georgia-Pacific, Gerber, Planters Peanuts, Mars Petcare, Umarex USA, Graphic Packaging, Pernod Ricard-USA and many others. Top employers in the city are Sparks Health System, Baldor Electric Company and OK Foods. The city sits just southwest of the intersection of Interstate 40 and future Interstate 49 when it extends southward to meet Interstate 30 in Texarkana, Texas. US Highways 71 and 64 also run through the community.

8 PROPERTY DETAILS SALE PRICE $1,750,000 LOCATION INFORMATION Building Name Care Plus, A Sparks Health Urgent Care Facility Street Address 14 Gothic Ridge Rd City, State, Zip Van Buren, AR County/Township Crawford Market Fort Smith Submarket Van Buren Cross Streets State Highway 59 (Fayetteville Rd) & Gothic Ridge Rd Side Of Street rthwest Road Type Highway Market Type Small Nearest Highway Interstate 40 Nearest Airport Fort Smith Regional Airport PROPERTY DETAILS Property Type Office Property Subtype Medical Zoning Commercial 2 Lot Size 1.12 Acres Submarket Van Buren Lot Frontage 150+/- feet Lot Depth 325+/- feet Corner Property Yes Traffic Count 22,000 Traffic Count Street Fayetteville Rd Traffic Count Frontage 150+/- feet Waterfront Thomas Guide Page # Fort Smith Regional Airport PARKING & TRANSPORTATION Street Parking Parking Type Surface Parking Ratio 9.18 Number Of Spaces 79 UTILITIES & AMENITIES Security Guard Handicap Access Freight Elevator Central HVAC Centrix Equipped Leed Certified Yes Central

9 PROPERTY DETAILS BUILDING INFORMATION Building Size 8,671 SF Building Class A Occupancy % 100% Tenancy Single Number Of Floors 1 Average Floor Size 8,671 SF Year Built 1998 Last Renovated 2005 Gross Leasable Area 8,671 SF Load Factor Yes Construction Status Existing Framing Steel Condition Excellent Roof Flat with permanent elastomeric membrane Free Standing Yes Number Of Buildings 1 Walls Drywall Ceilings Suspended drop ceiling Floor Coverings Carpet and sheet vinyl Exterior Walls Brick veneer; Dryvit Foundation Concrete PROPERTY DETAILS Property Type Property Subtype Office Medical Zoning Commercial 2 Lot Size Submarket Lot Frontage Lot Depth Corner Property 1.12 Acres Van Buren 150+/- feet 325+/- feet Yes Traffic Count 22,000 Traffic Count Street Traffic Count Frontage Waterfront Thomas Guide Page # PARKING & TRANSPORTATION Street Parking Parking Type Fayetteville Rd 150+/- feet Fort Smith Regional Airport Surface Parking Ratio 9.18 Number Of Spaces 79 UTILITIES & AMENITIES Security Guard Handicap Access Freight Elevator Central HVAC Centrix Equipped Leed Certified Yes Central

10 FLOOR PLANS

11 INCOME & EXPENSES INCOME SUMMARY PER SF Rental Income $157,898 $18.21 NNN Reimbursements $14,680 $1.69 Gross Income $172,579 $19.90 EXPENSE SUMMARY PER SF Property Taxes $6,924 $0.80 Insurance $5,225 $0.60 Mangement Fee $2,530 $0.29 Gross Expenses $14,680 $1.69 Net Operating Income $157,898 $18.21

12 RENT ROLL BASE RENTAL RATES BASE RENTAL RATE UNIT LEASE LEASE ANNUAL % OF PRICE (2% ANNUAL INCREASES) SIZE (SF) START END RENT BUILDING PER SF/YR Van Buren H.M.A., LLC 8,671 6/1/2018 5/31/2019 $156, $18.00 Van Buren H.M.A., LLC 8,671 6/1/2019 5/31/2020 $159, $18.36 Van Buren H.M.A., LLC 8,671 6/1/2020 5/31/2021 $162, $18.73 Van Buren H.M.A., LLC 8,671 6/1/2021 5/31/2022 $165, $19.10 Van Buren H.M.A., LLC 8,671 6/1/2022 5/31/2023 $168, $19.48

13 RENT ROLL BASE RENTAL RATES 2019 RENT ROLL COUNT % TOTAL SIZE (SF) $/SF/YR ANNUAL RENT Van Buren H.M.A., LLC ,671 $18.21 $157,898.91

14 FINANCIAL SUMMARY INVESTMENT OVERVIEW Price $1,750,000 Price per SF $ CAP Rate 9.02% Cash-on-Cash Return (yr 1) % Total Return (yr 1) $99,276 Debt Coverage Ratio 1.52 OPERATING DATA Gross Scheduled Income $172,579 Total Scheduled Income $172,579 Gross Income $172,579 Operating Expenses $14,680 Net Operating Income $157,898 Pre-Tax Cash Flow $53,867 FINANCING DATA Down Payment $350,000 Loan Amount $1,400,000 Debt Service $104,031 Debt Service Monthly $8,669 Principal Reduction (yr 1) $45,408 Financing data based on loan with 20% down, interest rate of 4.25%, twenty year amortization and a ten year term.

15 BROKER BIO SCOTT OVERBY, CCIM Principal Broker Overby, Inc. PROFESSIONAL BACKGROUND Serving as president and principal broker for Overby, Inc. since 2003, Scott employs a distinctive blend of experienced real estate savvy and complex financial expertise to provide strategic consulting and brokerage services to commercial real estate investors and owners at all levels of complexity and experience. Beginning a theme park career as a seasonal employee in 1986, Scott held a number of management positions at several parks before becoming Director of Operations for Six Flags America in In addition to park operations, Scott also assumed company-wide responsibilities for operational standardization at thirty-nine U.S. properties. The broad focus covering property operations and risk management combined with a detailed emphasis to the bottom line proved to be instrumental in Scott s transition into commercial brokerage and development in P.O. Box 4644 Jackson, MS T C scott@overby.net He earned the coveted CCIM (Certified Commercial Investment Member) designation in 2008 after successfully completing a process that ensures proficiency not only in theory, but also in practice. Scott has been honored annually for his sales and leasing volume amongst his peers and received the Power Broker 2015, 2016 & 2017 firm awards for Top Leasing Firm and Top Sales Firm and the Power Broker 2015, 2016 & 2017 individual awards for Sales, Retail Leasing, Office Leasing and Industrial Leasing. He was named 2017 REALTOR of the year by the Mississippi Commercial Association of REALTORS. He remains active in a variety of professional, civic and cultural organizations and currently serves as President for Friends of Children s Hospital, Vice President for the CCIM Chapter of Mississippi, and as a Director for the Greater Jackson Arts Council. Scott has also held various board positions with the Central Mississippi MLS and Mississippi Commercial Association of REALTORS. His wife Amanda oversees Overby Residential. They have two daughters - Isabella, 17 and Avery, 14. His third child is a 145 pound Great Dane named Vince. EDUCATION George Mason University, Bachelor of Arts in Communications and Marketing, 1993 MEMBERSHIPS & AFFILIATIONS 2017 CCIM Mississippi Chapter, Vice President 2016 Mississippi Commercial Association of REALTORS, President 2016 Central Mississippi MLS, Director Central Mississippi REALTORS (CMR) Building Owners and Managers Association International (BOMA) Institute of Real Estate Management (IREM)