Offering Memorandum ADVANCE AUTO BARNWELL, SOUTH CAROLINA. 35 West Court Street, Suite 50 Greenville, SC broadstreetsoutheast.

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1 Offering Memorandum ADVANCE AUTO BARNWELL, SOUTH CAROLINA 35 West Court Street, Suite 50 Greenville, SC broadstreetsoutheast.com

2 INVESTMENT HIGHLIGHTS 7 Years Remaining on Lease Year 1 Return % Largest retailer of automotive replacement parts and accessories in the US Contacts Matthew E. Covington matt@broadstreetsoutheast.com Craig A. Stipes craig@broadstreetsoutheast.com Overview Map Executive Summary Investment Highlights Tenant Corporate Information Competition Maps

3 CONFIDENTIAL OFFERING MEMORANDUM DISCLAIMER The Offering Memorandum was prepared by Broadstreet Partners solely for the use of prospective purchasers of the Advance Auto location in Barnwell, SC. The Brokers do not make any representation or warranty, express or implied, as to the completeness or the accuracy of the material contained in the Offering Memorandum. Prospective purchasers of the Property are advised (1) that changes may have occurred in the physical or financial condition of the Property since the time this Offering Memorandum was prepared and (2) that the projections contained herein were made by Brokers and are based on assumptions of events beyond the control of Brokers, and therefore may be subject to variation. No representation is made by Broadstreet Partners as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the owner and its employees disclaim any responsibility for inaccuracies, and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broadstreet Partners, and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or for omissions from the Memorandum or any other written or oral communication transmitted or made available to the recipient. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or the owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser. The Offering Memorandum is a solicitation of interest only and is not an offer to sell the Property. The Seller expressly reserves the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and expressly reserve the right, at their sole discretion, to terminate discussions with any entity at any time with or without notice. The owner shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer for the Property is approved by seller pursuant to its Investment Committee authorities and the signature of a duly authorized signatory of owner is affixed to a Real Estate Purchase Agreement prepared by owner. This Offering Memorandum is confidential. By accepting the Offering Memorandum, you agree (1) that you will hold and treat the Offering Memorandum and its contents in the strictest confidence, (2) that you will not photocopy or duplicate any part of the Offering Memorandum, (3) that you will not disclose the Offering Memorandum or any of its contents to any other entity without prior authorization of the Owner, and (4) that you will not use the Offering Memorandum in any fashion or manner detrimental to the interest of the owner or Brokers. If you have no further interest in the Property, please return the Offering Memorandum forthwith. 3

4 BROADSTREET PARTNERS OFFERING MEMORANDUM Regional Map 4

5 Executive Summary Broadstreet Partners is pleased to present for sale this net leased free standing Advance Auto Parts located in the City of Barnwell, South Carolina which is in Barnwell County. Barnwell County borders on Aiken County and Orangeburg County to the north and along the Savannah River to the west which forms the South Carolina/Georgia border. This 6,000 sf building is occupied and corporately guaranteed by Advance Auto who is the largest retailer of automotive replacement parts and accessories in the US after acquiring Carquest in October The property operates under a double net lease with approximately 7 years remaining on the term. Advance Auto started in 1932 and now has over 4,000 locations in forty US states with over 70,000 employees. Advance Auto enjoys annual sales of over $9 billion. The property is strategically located in the heart of the main commercial corridor in Barnwell. The site is on an out parcel of a Bi Lo and Goody s anchored shopping center. The Bi Lo store was recently re-branded upon their purchase of Reid s grocery store. This commercial area also boasts a new Tractor Supply and Dollar Tree. This asset offers an investor the opportunity to own a proven investment guaranteed by one of America s most recognizable brands. The lease also enjoys a 17.65% rental increase in 2016 with the tenant reimbursing landlord for the property taxes. The tenant pays their own insurance directly under an umbrella policy and all their own utilities. The landlord is responsible for roof and structure. Investment Summary Price: $675,000 Cap Rate: 7.25% Annual Rent Years 1 and 2 $51,000 per year Years 3-7 $60,000 per year (17.65% rent increase) Tenant: Advance Auto Parts Guarantor: Advance Stores Company, Inc. Initial Lease Term Remaining: 7 years (ending 12/31/21) Options: (1) Five Year Renewal Option Building Size: 6,000 sf Land Size: Approximately 1 Acre Year Built:

6 Investment Highlights Rent Increases Monthly Rent Annual Rent Financial Overview Year 1-2 $4,250 $51,000 Year 3-7 $5,000 $60,000 Gross Revenue Base Rent - Year 1 $51,000 Recoveries RE Taxes $10,211 Insurance Paid by Advance Auto Effective Gross Income $61,211 Reimbursable Expenses Real Estate Taxes $10,211 Other Expenses/Capital Item (projected) $2,000 Total OpEx $12,211 Net Operating Income $49,000 Total Return 7.25% $49,000 Price Rentable Square Feet Cap Rate 2013 Sales Sale PSF Year Built Lot Size Type of Ownership Tenant Summary Ownership Tenant Lease Guarantor Lease Type Roof and Structure Lease Commencement Date Current Renewal Commencement Lease Expiration Date Increases Option Option Rate $675,000 6,000 sf 7.25% $1,610,619 $ Approximately.929 acres Fee Simple Private Advance Stores Company, Inc. Same Double Net Landlord Responsible 1/1/ /20/ /31/ % in 2017 (1) Five Year $5,500 per month 6

7 Company Info Our Values Treat all people with respect and dignity; value differences Pursue an unrelenting quest for quality; use speed and simplicity to achieve goals Conduct ourselves with the highest level of integrity and business ethics Place the interests of customers first; our success depends on your success Commit to teamwork; seek out and use the ideas and skills of all associates Reach for the highest standards of performance; show a passion for winning. Headquartered in Roanoke, Va., Advance Auto Parts, Inc., the largest automotive aftermarket parts provider in North America, serves both the do-it-yourself and professional installer markets. As of April 19, 2014 Advance operated 5,276 company-operated stores, 105 Worldpac branches, and served approximately 1,400 independently owned Carquest branded stores in 49 states, Puerto Rico, the Virgin Islands and Canada. Advance employs approximately 74,000 Team Members. Additional information about the Company, employment opportunities, customer services, and on-line shopping for parts, accessories and other offerings can be found on the Company s website at Advance Auto Parts works hard to create an environment of honesty, integrity, mutual trust and dedication. Since our founding by Arthur Taubman in 1932, the values haven t changed. Inspire and build the self-confidence and success of every Team Member. Serve our customers better than anyone else help them succeed. Grow the business and profitability with integrity. 7

8 BROADSTREET PARTNERS OFFERING MEMORANDUM Location Map 8

9 BROADSTREET PARTNERS OFFERING MEMORANDUM Aerial Map 9

10 Demographics Dunbarton Blvd Barnwell, SC mi radius RS1 3 mi radius 10 mi radius POPULATION 2014 Estimated Population 1,124 4,508 16, Projected Population 1,132 4,539 17, Census Population 1,121 4,495 16, Census Population 1,210 4,662 17,277 Projected Annual Growth 2014 to % 0.1% 0.1% Historical Annual Growth 2000 to % -0.2% -0.2% 2014 Median Age HOUSEHOLDS 2014 Estimated Households 467 1,848 6, Projected Households 473 1,873 6, Census Households 460 1,820 6, Census Households 505 1,881 6,676 Projected Annual Growth 2014 to % 0.3% 0.3% Historical Annual Growth 2000 to % -0.1% 0.1% RACE AND ETHNICITY 2014 Estimated White 42.4% 48.8% 56.0% 2014 Estimated Black or African American 52.9% 47.6% 40.7% 2014 Estimated Asian or Pacific Islander 2.4% 1.5% 0.7% 2014 Estimated American Indian or Native Alaskan 0.1% 0.2% 0.3% 2014 Estimated Other Races 2.2% 1.9% 2.3% 2014 Estimated Hispanic 0.9% 1.4% 2.4% INCOME 2014 Estimated Average Household Income $40,312 $45,918 $47, Estimated Median Household Income $30,576 $34,975 $35, Estimated Per Capita Income $16,838 $18,960 $19,054 EDUCATION (AGE 25+) 2014 Estimated Elementary (Grade Level 0 to 8) 5.7% 5.7% 7.1% 2014 Estimated Some High School (Grade Level 9 to 11) 9.2% 11.2% 13.8% 2014 Estimated High School Graduate 41.9% 39.3% 40.8% 2014 Estimated Some College 20.9% 20.7% 18.8% 2014 Estimated Associates Degree Only 5.6% 6.8% 7.9% 2014 Estimated Bachelors Degree Only 12.3% 11.7% 8.2% 2014 Estimated Graduate Degree 4.4% 4.4% 3.3% BUSINESS 2014 Estimated Total Businesses Estimated Total Employees 1,199 2,782 5, Estimated Employee Population per Business Estimated Residential Population per Business

11 For further information please contact: Matthew E. Covington Craig A. Stipes Broadstreet Partners 35 W. Court Street Suite 50 Greenville, South Carolina