OFFERING MEMORANDUM. 7-Eleven Elk River Rd Elkview, WV 25071

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1 OFFERING MEMORANDUM 7-Eleven 5114 Elk River Rd Elkview, WV 25071

2 contents 03 EXECUTIVE SUMMARY financial OVERVIEW tenant overview area OVERVIEW exclusively listed by MIchael Moreno Senior Associate DIR (949) MOB (818) LIC # rahul chhajed Associate Rahul.Chhajed@matthews.com DIR (949) MOB (818) LIC # Gillian Greenfield Broker of Record Lic # WV

3 executive summary investment highlights PROPERTY 7-Eleven has been at this location since 2006 Ideal 1031 exchange property - Absolute NNN lease offers out of state investors a very passive net leased investment Location features 6 pumps and a full-service convenience store LOCATION Property is located on the main thoroughfare across town and is the only 7-Eleven within 12 miles Property is located in a retail hub that features national tenants such as Dairy Queen, Burger King, Kroger, K-Mart, McDonald s, Arby s, Advance Auto Parts, and AutoZone Strong Income Demographics - Average Income within a 5-mile radius is $61,147 TENANT 7-Eleven is an investment grade tenant with S&P Rated AA- credit 7-Eleven is one of the largest conveniences store operators in the world with 8,500 locations nationwide and annual revenues in excess of $10.3 Billion 3 Matthews Real Estate Investment Services

4 financial overview

5 7-Eleven 5114 Elk River Rd Elkview, WV List Price...$1,345,964 CAP Rate - Current % Gross Leasable Area...± 4,180 SF Lot Size... ± 0.3 Acres (±13,068) Year Built Annualized Operating Data Monthly Rent Annual Rent Rent/SF Cap Rate Base Term $9, $114, $ % Option 1 $10, $122, $ % Option 2 $11, $132, $ % Option 3 $11, $142, $ % Tenant Summary Tenant Trade Name 7-Eleven Corporation Type of Ownership Fee Simple Lease Guarantor Corporate Lease Type NNN Roof and Structure Tenant Responsibility Original Lease Term 15 Years Rent Commencement Date 8/8/2006 Lease Expiration Date 8/7/2021 Term Remaining on Lease ± 3.75 Years Increases 7.5% Every Five (5) Years Options Three, 5-Year Options 7-Eleven, Elkview, WV 5

6 tenant overview

7 7-Eleven Inc. Private Tenant Overview 7 Eleven is the world s largest convenience store chain operating, franchising and licensing more than 60,000 stores in 18 countries and is also one of the nation s largest independent gasoline retailers. As the pioneer of the convenience store concept, 7-Eleven strives to meet the needs of convenience-oriented guests by providing a broad selection of fresh, high-quality products and services at everyday fair prices, speedy transactions, and a clean, friendly shopping environment. Each store maintains a selection of approximately 2,500 different products and services tailored to meet the needs and preferences of its local clientele. Stores typically vary in size from 2,400 to 3,000 square feet and are most often located on corners to maximize visibility and allow for easy access. ± 60,000 Locations ± 48,000 Employees Headquartered: Irving, TX The company s iconic products have become a substantial part of American culture from its well-known Big Gulp fountain soft drink and Big Bite grill items to the Slurpee beverage and its fresh-brewed coffee. 7 Eleven s food service offerings bring guests a proprietary line of prepared-fresh-daily and daily delivered deli sandwiches, wraps, breakfast sandwiches and a wide assortment fruits, salads and baked goods. Serving guests 24 hours a day is one of the cornerstones of 7 Eleven s business. Founded: 1927 GEOGRAPHIC REACH The company operates, franchises and licenses approximately 10,700 stores in the U.S. and Canada. Of the close to 8,200 stores the company operates and franchises in the United States, more than 6,700 are franchised. Outside of the U.S. and Canada, there are more than 49,300 7-Eleven and other convenience stores in Japan, Taiwan, Thailand, South Korea, China, Malaysia, Mexico, Singapore, Australia, the Philippines, Indonesia, Norway, Sweden, Denmark, and United Arab Emirates. 7-Eleven, Elkview, WV 7

8 the offering Property Name Property Address Assessor s Parcel Number 7-Eleven 5114 Elk River Rd Elkview, WV B parcel map Site Description Number of Stories One Year Built 1986 Gross Leasable Area (GLA) ± 4,180 SF Lot Size ± 0.3 Acres (13,068 SF) Type of Ownership Fee Simple Parking ± 10 Surface Spaces Parking Ratio 2.39 : 1,000 SF Landscaping Professional Topography Generally Level Oceanside Blvd ± 31,792 College Blvd ± 40,116 Construction Foundation Framing Exterior Parking Surface Roof Concrete Slab Steel Brick Asphalt Flat 8 Matthews Real Estate Investment Services

9 Surrounding Retail

10 area overview Elkview, WV Elkview is a census-designated place along the Elk River in Kanawha County, West Virginia. Elkview is 12 miles east of Charleston, WV. The cost of living in Elkview is about 16% below the U.S. average cost of living, making Elkview an affordable place to live while still being in a commutable distance to a larger city. demographics POPULATION 3 Mile 5 Mile 7 Mile 2022 Projection 4,336 10,804 16, Estimate 4,400 10,945 16, Census 4,491 11,145 16, Census 4,494 10,915 17,034 HOUSEHOLDS 3 Mile 5 Mile 7 Mile 2022 Projection 1,863 4,526 6, Estimate 1,883 4,575 6,930 INCOME 3 Mile 5 Mile 7 Mile 2016 Est. Average Household Income $54,922 $61,147 $59, Matthews Real Estate Investment Services

11 Charleston, WV Charleston is the capital and largest city of the State of West Virginia. It is located at the confluence of the Elk and Kanawha Rivers in Kanawha County. It is a center of government, commerce, and industry. It is home to the 130th Airlift Wing of the West Virginia Air National Guard as well as a number of colleges and universities. Charleston is home to numerous annual events and fairs that take place throughout the city, from the banks of the Kanawha River to the capitol grounds. Charleston is home to numerous annual events and fairs that take place throughout the city, from the banks of the Kanawha River to the capitol grounds. Charleston is also home to numerous annual events and fairs that take place throughout the city, from the banks of the Kanawha River to the capitol grounds. Some of the most popular include Symphony Sunday, the FestivALL, the Charleston Sternwheel Regatta and the Daily Mail Kanawha County Majorette and Band Festival. Twice a year, in late April and again in early November, the West Virginia International Film Festival occurs, where many domestic and international films are shown that range from full-length feature films, shorts, documentaries, animation and student films. The city also contains public parks, such as Cato Park and Coonskin Park, and the Kanawha State Forest, as well as many historical buildings like the West Virginia State Museum and the Capitol Theatre. The Clay Center for the Arts and Sciences of West Virginia in Charleston, West Virginia, US is a 240,000-square-foot facility dedicated to promoting performing arts, visual arts, and the sciences. All three being housed under one roof makes the Clay Center one of the few of its kind in the United States. It is currently the home to Avampato Discovery Museum and the West Virginia Symphony. The Avampato Discovery Museum features two floors of interactive science exhibits and an art gallery. The Museum s art gallery features selections from its permanent collections and traveling exhibitions. 7-Eleven, Elkview, WV 11

12 CONFIDENTIALITY & DISCLAIMER STATEMENT This Offering Memorandum contains select information pertaining to the business and affairs of 7-Eleven located at 5114 Elk River Rd Elkview, WV ( Property ). It has been prepared by Matthews Retail Advisors. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Retail Advisors. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence. By acknowledging your receipt of this Offering Memorandum for the Property, you agree: 1. The Offering Memorandum and its contents are confidential; 2. You will hold it and treat it in the strictest of confidence; and 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller. Owner and Matthews Retail Advisors expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered. If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum. A prospective purchaser s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Retail Advisors or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property. This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

13 exclusively listed by MIchael Moreno Senior Associate DIR (949) MOB (818) LIC # rahul chhajed Associate Rahul.Chhajed@matthews.com DIR (949) MOB (818) LIC # Gillian Greenfield Broker of Record Lic # WV Eleven 5114 Elk River Rd Elkview, WV 25071