Wendy s (with 60% above average sales)

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Wendy s (with 60% above average sales) 5555 Sherwood Way San Angelo, TX Robert P.

com Price: $2,263,756 NOI: $118,847.20 CAP: 5.

Super Walmart, with Lowe s, & Sam s Club on either side Sales are 60% above an average Wendy's

8% and lease is absolute triple net Located at the major retail corridor of San Angelo which

1 Wendy s (with 60% above average sales) 5555 Sherwood Way San Angelo, TX Robert P. James President rob@exp1031.com Daniel de Sa Director of Sales dan@exp1031.com Price: $2,263,756 NOI: $118, CAP: 5.25% Largest Wendy's franchisee in the nation with 331 locations Pad is directly in front of a Super Walmart, with Lowe s, & Sam s Club on either side Sales are 60% above an average Wendy's unit volume Rent to sales ratio of 4.8% and lease is absolute triple net Located at the major retail corridor of San Angelo which includes Target and the Sunset Mall Other tenants in the area include Best Buy, PetCo, Ross, Bed Bath & Beyond, and Michael s Population growth of 5.1% ( ) and avg. household income of $61,726 in one mile

Whisper Wendy s Valley Ranch Property Investment Line Overview Map PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale a 3,450 sf Wendy s in San Angelo, TX, on 1.

Lowe s and Sam s Club are located on either side. Sales are 60% above an average Wendy s.

The property is located off the intersection of Route 67 and Sherwood Way, with traffic counts of 28,652 & 17,255 respectively.

The tenant is required to report sales per the lease. This store is a top performer. LOCATION OVERVIEW: San Angelo is the county seat of Tom Green County in West Central Texas. U.S. Interstate Highways I-10, I-20 and U.

2 Whisper Wendy s Valley Ranch Property Investment Line Overview Map PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale a 3,450 sf Wendy s in San Angelo, TX, on 1.34 acres with exceptional sales. Located on the major retail corridor of San Angelo, the property is a pad site directly in front of a Walmart Supercenter. Lowe s and Sam s Club are located on either side. Sales are 60% above an average Wendy s. Other tenants in the center include Dollar Tree, Sally Beauty Supply, Chick-fil-A, Dairy Queen, and McDonald s. The property is located off the intersection of Route 67 and Sherwood Way, with traffic counts of 28,652 & 17,255 respectively. The Sunset Mall, anchored by Dillard s, JC Penny, Sears, and Beall s, is located half of a mile from the property off of Route 67. The rent to sales ratio is low at 4.8%. The tenant is required to report sales per the lease. This store is a top performer. LOCATION OVERVIEW: San Angelo is the county seat of Tom Green County in West Central Texas. U.S. Interstate Highways I-10, I-20 and U.S. Highway 67, where the property is located, are the area s major transportation routes. San Angelo has a diverse economy and has consistently been ranked by many publications as one of the best small cities for business and employment. In 2012, it ranked seventh in the nation in Forbes Magazine's "Best Cities For Jobs" rankings. In 2010 Kiplinger's Personal Finance named San Angelo as one of the "Best Cities of the Next Decade". In 2009, CNN Money ranked San Angelo as one of the best cities to launch a small business. Population growth is projected to be 5.1% for 2011 to 2016, and average household income is $61,726 within one mile. INVESTMENT SUMMARY Price: $2,263,756 CAP Rate: 5.25% Sales: 60% above average NNN Rent: $118, Escalations: Bld. Sq Ft: Land Size: 6% every 5 years (in base term & options) 3,450 sf 1.34 acres LEASE SUMMARY: Rent Commencement: 6/9/2006 Lease Expiration: 6/30/2024 Current Rent: $118, * Escalations: 6% every 5 years in base term & options Options: Four, (5) year options Lease Type: Absolute triple net lease with no Landlord responsibilities *Seller will credit the buyer with the difference between current and escalated rent as of closing. TENANT OVERVIEW: WENDAB ASSOCIATES LIMITED PARTNERSHIP Wendab Associates Limited Partnership is a division of WendPartners. WendPartners is the largest Wendy s franchisee with 331 locations in 20 states. The company is based in Cortland, N.Y. WendPartners is a consortium of franchise groups controlled by Lewis Topper, Jeffrey Coghlan and several affiliated companies. The tenant lease was originally with GE Capital Franchise Finance Corporation and is absolute triple net. Wendy's is the world's third largest quick-service hamburger company. The Wendy's system includes more than 6,500 franchise and company owned restaurants in the U.S. and 25 other countries and U.S. territories worldwide. Lease Type: Absolute Triple Net Subject Property Subject Property INVESTMENT OVERVIEW

3 Whisper Wendy s Valley Ranch Area Property Aerial History Line Map Sunset Mall AERIAL

4 Whisper Wendy s Valley Ranch Area Property Aerial History Line Map Sunset Mall AERIAL

5 Whisper Wendy s Valley Ranch Property Site Plan Line Map SITE PLAN

6 Whisper Wendy s Valley Ranch Property Location Line Map Map LOCATION MAP

7 Whisper Wendy s Valley Ranch Property Location Line Map Map LOCATION MAP

Whisper Wendy s Valley Ranch Property Demographic Line Data Map Radius 3 Mile 5 Mile 10 Mile Population: 2016 Projection 28,781 60,192 104,002 2011 Estimate 27,391 58,148 100,502 2010 Census 27,038

10% 2011 Population By Hispanic Origin 5,904 17,873 37,958 2011 Population by Race: White 23,576 48,313 81,332 Black or African American 910 2,384 4,384 American Indian and Alaska Native 158 413 805

8 Whisper Wendy s Valley Ranch Property Demographic Line Data Map Radius 3 Mile 5 Mile 10 Mile Population: 2016 Projection 28,781 60, , Estimate 27,391 58, , Census 27,038 57,686 99,444 Growth % 3.50% 3.50% Growth % 0.80% 1.10% 2011 Population By Hispanic Origin 5,904 17,873 37, Population by Race: White 23,576 48,313 81,332 Black or African American 910 2,384 4,384 American Indian and Alaska Native Asian ,078 Native Hawaiian and Pacific Islander Other Race 1,581 4,753 9,892 Two or More Races 682 1,503 2, Households: 2016 Projection 12,712 24,955 40, Estimate 12,032 24,013 38, Census 11,886 23,836 38,474 Growth % 3.90% 4.10% Growth % 0.70% 1.10% Owner Occupied 7,261 14,359 24,182 Renter Occupied 4,771 9,654 14, Avg Household Income $61,726 $55,846 $50, Med Household Income $44,885 $39,389 $36, Per Capita Income $27,451 $24,186 $21, Households by Household Inc: Income Less than $15,000 1,895 4,181 7,386 Income $15,000 - $24,999 1,423 3,267 5,852 Income $25,000 - $34,999 1,408 3,161 5,346 Income $35,000 - $49,999 1,777 3,781 6,356 Income $50,000 - $74,999 2,285 4,414 6,779 Income $75,000 - $99,999 1,389 2,302 3,381 Income $100,000 - $149,999 1,178 1,756 2,405 Income $150,000 - $199, Income $200, Contact Us EXP Realty Advisors 118 East 28 th Street Suite #901 New York, NY Fax: (212) Our Team Robert P. James President rob@exp1031.com Daniel de Sa Director of Sales dan@exp1031.com DEMOGRAPHIC DATA

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

SUBJECT PROPERTY WELLS FARGO Ground Lease 115 Bulverde Crossing Bulverde, TX 78163 (San Antonio MSA) Price: $2,391,304 l NOI: $137,500 CAP: 5.75% Phone: 212.972.7457 Fax: 212.686.0078 exp@exp1031.com www.exp1031.com