NET LEASE INVESTMENT OFFERING. 7-ELEVEN (Corporate) 8211 Old Centreville Road Manassas, VA (Washington, D.C. MSA)

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1 7-ELEVEN (Corporate) 8211 Old Centreville Road Manassas, VA (Washington, D.C. MSA)

2 TABLE OF CONTENTS TABLE OF CONTENTS I. Executive Profile Executive Summary Investment Highlights Property Overview II. Location Overview Photographs Aerials Site Plan Map III. Market & Tenant Overview Demographic Report Market Overview Tenant Overview

3 DISCLAIMER STATEMENT DISCLAIMER STATEMENT: The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

4 EXECUTIVE SUMMARY EXECUTIVE SUMMARY: The Boulder Group is pleased to exclusively market for sale a single tenant absolute net leased 7-Eleven property located within the Washington, D.C. MSA. The absolute triple net lease was recently extended and has 14 years remaining. 7-Eleven is committed to the location and has operated at this site for over 50 years. The lease has a 10% rental escalation in the initial term and each 5-year renewal option. 7-Eleven is an investment grade tenant with a Standard & Poor s rating of AA-. The 2,640 square foot 7-Eleven is positioned on the southeast corner of Old Centreville Road and Maplewood Drive in a densely populated residential area of Manassas. There are approximately 97,000 people living within a three mile radius of the property earning an average household income of more than $96,400 per year. The 7-Eleven is located within one-half mile of Centreville Road, accessible by both Old Centreville Road and Maplewood Drive. Centreville Road is the primary thoroughfare and retail corridor in the area experiencing traffic counts in excess of 50,720 vehicles per day. 7-Eleven serves as a primary convenience shopping destination for residents in the area. The subject property is located within close proximity to multiple residential communities, local businesses and schools. National retailers in the area include The Home Depot, Starbucks and McDonald s. The property is situated along the route to a number of the schools in the area such as Parkside Middle School, Osbourn Park High School and Yorkshire Elementary School. The area is also a dominant car dealership corridor with Chrysler, Dodge, Jeep, Ram, Nissan and Ford dealers in the immediate vicinity. 7-Eleven signed a lease extension adding an additional ten years to the initial term that will expires December 31, The lease is an absolute triple net and features three 5-year renewal options with 10% rental escalations. 7-Eleven is the world s largest retail store chain with more than 56,600 locations throughout the world. 7-Eleven is an investment grade rated company with a Standard & Poor s rating of AA-.

5 INVESTMENT HIGHLIGHTS INVESTMENT HIGHLIGHTS: Located within the Washington, D.C. MSA Long term lease with more than 14 years remaining Corporately guaranteed Absolute NNN lease with no landlord responsibilities Excellent visibility and convenient access Strong performing store as evidenced by recent lease extension 7-Eleven is an investment grade rated tenant (S&P: AA-) 10% rental escalation in initial term and three 5-year renewal options 7-Eleven has been operating at this site for more than 50 years Densely populated area with average household income of approximately $96,000 within a three mile radius

6 PROPERTY OVERVIEW PROPERTY OVERVIEW: Price: $1,293,061 Cap Rate: 4.90% Rent Schedule: NOI Escalation Date $63,360 $69,696 1/1/2027 $76,666 1/1/2032 (Option 1) $84,332 1/1/2037 (Option 2) $92,765 1/1/2042 (Option 3) Renewal Options: Three 5-Year Lease Commencement Date: July 29, 1963 Lease Expiration Date: December 31, 2031 Tenant: 7-Eleven Credit AA- (Standard & Poor s) Year Built 1964 Lease Type: NNN (No Landlord Responsibilities) Building Size: 2,640 SF Land Size: 0.52 Acres

7 PHOTOGRAPHS

8 AERIAL

9 AERIAL

10 SITE PLAN

11 MAP

12 DEMOGRAPHIC REPORT DEMOGRAPHIC REPORT: Population 1-Mile 3-Mile 5-Mile Total Population 18,925 96, ,172 Total Households 5,171 30,381 60,886 Income 1-Mile 3-Mile 5-Mile Median Household Income $68,834 $78,471 $88,425 Average Household Income $80,728 $96,402 $111,211

13 MARKET OVERVIEW MARKET OVERVIEW: Manassas, Virginia Manassas is an independent city in the Commonwealth of Virginia with a population of over 38,000. Known for Civil War history, Manassas originated in 1852 at the junction of two railroads which linked Northern Virginia and Washington, D.C. with the Shenandoah Valley and Richmond. The city is part of the Washington-Arlington-Alexandria Metropolitan Statistical Area and it is situated in the Northern Virginia region. The city borders Prince William County, the independent city of Manassas Park, and Fairfax County. The Bureau of Economic Analysis includes both Manassas and Manassas Park with Prince William County for statistical purposes. The major roads into and out of Manassas are Virginia State Route 28 and State Route 234 Business. Interstate 66 and U.S. Route 29 service Manassas, but neither passes through the city itself. Manassas Regional Airport is located within the city limits. The Manassas Regional Airport is the busiest general aviation airport in the Commonwealth of Virginia with more than 415 based aircraft and 26 businesses based onsite ranging from charter companies, avionics, maintenance, flight schools and aircraft services. The Manassas Regional Airport has 26 businesses operating out of the airport property with 415 based airplanes and two fixed based operators, APP Jet Center and Dulles Aviation. The Manassas Regional Airport has developable land ready for businesses in the market. The city s third largest employer is Micron Technology. Headquartered in Boise, ID, this manufacturer of semiconductors operates its wafer factory in Manassas where it employs 1,650 people directly, and several hundred others through vendor contracts. Other major employers include Lockheed Martin (1,500 employees) and the Novant Prince William Health System (1,400 employees).

14 MARKET OVERVIEW MARKET OVERVIEW: Washington, D.C. Washington, D.C. is the capital of the United States with a population of more than 681,000 people. Commuters from the surrounding Maryland and Virginia suburbs raise the city s population to more than one million during the workweek. The Washington metropolitan area, of which the District is the principal city, has a population of over 6 million people, the sixth-largest metropolitan statistical area in the country. The signing of the Residence Act on July 16, 1790, approved the creation of a capital district located along the Potomac River on the country s East Coast. The U.S. Constitution provided for a federal district under the exclusive jurisdiction of the Congress and the District is therefore not a part of any state. The states of Maryland and Virginia each donated land to form the federal district, which included the pre-existing settlements of Georgetown and Alexandria. Named in honor of President George Washington, the City of Washington was founded in 1791 to serve as the new national capital. The centers of all three branches of the federal government of the United States are in the District, including the Congress, President, and Supreme Court. Washington is home to many national monuments and museums, which are primarily situated on or around the National Mall. The city hosts 176 foreign embassies as well as the headquarters of many international organizations, trade unions, non-profit organizations, lobbying groups, and professional associations. The gross product of the Washington Metropolitan Area was $435 billion in 2014, making it the sixth-largest metropolitan economy in the United States. Three major airports serve the District. Ronald Reagan Washington National Airport is across the Potomac River from downtown Washington in Arlington, Virginia and primarily handles domestic flights. Major international flights arrive and depart from Washington Dulles International Airport, 26 miles west of the District in Fairfax and Loudoun counties in Virginia. Baltimore-Washington International Thurgood Marshall Airport is 32 miles northeast of the District in Anne Arundel County, Maryland.

15 TENANT OVERVIEW TENANT OVERVIEW: 7-Eleven 7-Eleven is the world s largest convenience store chain operating, franchising and licensing more than 56,600 stores in 18 countries. 7-Eleven is also one of the nation s largest independent gasoline retailers. Founded in 1927 in Dallas, Texas, 7-Eleven pioneered the convenience store concept during its first years of operation as an ice company when its retail outlets began selling perishable items as a convenience to guests. The name 7-Eleven originated in 1946 when the stores were open from 7:00AM to 11:00PM. 7-Eleven was ranked #1 by Entrepreneur Magazine in the 2017 annual Franchise 500 ranking. 7-Eleven is an investment grade rated company with a Standard & Poor s rating of AA-. Website: Locations Worldwide: 56,600 Number of Employees: 45,000+ Founded: 1927 Headquarters: Irving, Texas Standard & Poor s Rating: AA-

16 Randy Blankstein President John Feeney Vice President Dundee Road, Suite 1801 Northbrook, IL