WELLS FARGO Ground Lease 115 Bulverde Crossing Bulverde, TX (San Antonio MSA)

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SUBJECT PROPERTY WELLS FARGO Ground Lease 115 Bulverde Crossing Bulverde, TX 78163 (San

com Across from Home Depot and a HEB anchored shopping center 2010 average household

1 SUBJECT PROPERTY WELLS FARGO Ground Lease 115 Bulverde Crossing Bulverde, TX (San Antonio MSA) Price: $2,391,304 l NOI: $137,500 CAP: 5.75% Phone: Fax: exp@exp1031.com Across from Home Depot and a HEB anchored shopping center 2010 average household income: $93,061 within 3 miles 24% population growth % rent escalations in base term and options Public company (NYSE: WFC) with an S&P rating of A+ 9+ years of remaining lease term Bulverde is 25 miles north of San Antonio

Property Investment Line Overview Map PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale a ground leased Wells Fargo located 25 miles north of San Antonio, TX on 2.165 acres of land.

2 Property Investment Line Overview Map PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale a ground leased Wells Fargo located 25 miles north of San Antonio, TX on acres of land. For sale is the fee interest in the land. The building was constructed in The property sits at the northeast corner of Old Boerne Road and Bulverde Crossing Road near the intersection of US Hwy 281 and State Hwy 46. The Wells Fargo bank is located across from Home Depot and HEB. Nearby tenants include Starbucks, Wendy s, and Tractor Supply. There are three schools in the immediate area which add significant daytime population. The area s demographic is wealthy and has excellent population and household growth. LOCATION OVERVIEW: Bulverde is part of the San Antonio Metropolitan Statistical Area, 25 miles north of San Antonio, and situated in South-Central Texas. The official 2010 U.S. Census results showed the metropolitan area's population at 2.14 million, up from a reported 1.71 million in 2000, making it the 25th largest metropolitan area in the United States. The San Antonio New Braunfels MSA is the third-largest metro area in the state of Texas. It is also the third-fastest growing large metropolitan area in the state. LEASE SUMMARY: Annual Rent: $137,500 as of 4/1/2012 Rent Commencement: 3/27/2007 Expiration Date: 3/31/2022 Base Term Escalations: 10% every 5 years Options: Four (5) year options Options Escalations: Lease Type: 10% every 5 years Absolute Triple Net Ground Lease. For sale is the fee interest in the land. When the lease is over, the buyer will own both the building and the land. INVESTMENT SUMMARY Price: $2,391,304 CAP Rate: 5.75% NNN Rent: $137,500 Bld. Sq Ft: 4,055 sf Land Size: ac Lease Type: Triple Net Ground Lease Escalations: 10% every 5 years Expiration: 3/21/2022 TENANT OVERVIEW: Wells Fargo & Company (S&P: A+) Wells Fargo & Company (NYSE: WFC) is an American multinational diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the US by assets and the second largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home mortgage servicing, and debit card. In 2011, Wells Fargo was the 23rd largest company. In 2010 Wells Fargo had 6,335 retail branches, 12,000 automated teller machines, 280,000 employees and over 70 million customers. Wells Fargo operates under the Wells Fargo and Wachovia names. The lease for the property is with Wachovia Bank National Association. INVESTMENT OVERVIEW

3 Area Property Building History Photos Line Map BUILDING PHOTOS

4 Area Property Site Plan History Line Map Subject Property SITE PLAN

5 Area Property Labeled History Aerial Line Map Bulverde Library LABELED AERIAL

6 Area Property Labeled History Aerial Line Map Spring Branch Middle School Bill Brown Elementary School Arlon Seay Intermediate School LABELED AERIAL

7 Property Location Line Map Map LOCATION MAP

8 Property Location Line Map Map LOCATION MAP

Property Demographic Line Data Map Radius 3 Mile 5 Mile 10 Mile Population: 2015 Projection 6,900 20,796 91,289 2010 Estimate 5,741 16,752 73,128 2000 Census 3,738 9,182 26,749 Growth 2010-2015 20.

9 Property Demographic Line Data Map Radius 3 Mile 5 Mile 10 Mile Population: 2015 Projection 6,900 20,796 91, Estimate 5,741 16,752 73, Census 3,738 9,182 26,749 Growth % 24.10% 24.80% Growth % 82.40% % 2010 Population by Race: White 5,184 15,042 64,560 Black or African American American Indian and Alaska Native Asian ,263 Native Hawaiian and Pacific Islanders Other Race ,876 Two or More Races , Households: 2015 Projection 2,366 7,117 31, Estimate 1,967 5,728 25, Census 1,295 3,150 9,335 Growth % 24.20% 24.90% Growth % 81.80% % Owner Occupied 1,754 5,288 22,374 Renter Occupied , Avg Household Income $93,061 $88,479 $90, Med Household Income $78,496 $75,729 $72, Per Capita Income $32,649 $30,846 $31, Households by Household Inc: Income Less than $15, ,413 Income $15,000 - $24, ,389 Income $25,000 - $34, ,831 Income $35,000 - $49, ,253 Income $50,000 - $74, ,302 4,981 Income $75,000 - $99, ,296 4,429 Income $100,000 - $149, ,056 4,695 Income $150,000 - $249, ,300 Income $250,000 - $499, Income $500,000 or more Contact Us EXP Realty Advisors 118 East 28 th Street Suite #901 New York, NY Phone: (212) Fax: (212) Our Team Robert P. James President Phone: (212) rob@exp1031.com Daniel de Sa Director of Sales Phone: (212) dan@exp1031.com DEMOGRAPHIC DATA

WALGREENS. Price: $6,956,522 l NOI: $400,000 CAP: 5.75%

WALGREENS. Price: $6,956,522 l NOI: $400,000 CAP: 5.75% WALGREENS 3900 North Federal Highway (US Rt.#1 at Spanish River Blvd), Boca Raton, FL Phone: 212.972.7457 Fax: 212.686.0078 exp@exp1031.com www.exp1031.com Price: $6,956,522 l NOI: $400,000 CAP: 5.75%