Brand New - Corporate - Majestic Fine Wines & Spirits 3350 S. Clack Street in Abilene, TX

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1 PROPOSED Brand New - Corporate - Majestic Fine Wines & Spirits 3350 S. Clack Street in Abilene, TX $2,023,000 / 9% CAP 20-Year Absolute NNN Lease 10% Rental Increases Every 5-Years Corporate Lease: 49 TX Locations Founded in 1942 $148M Sales Majestic s 7,400 SF Super Store Concept Store Includes Humidor, Fine Wines, 20 Door Refrigerated Beer Display Seasoned Management Team Nearly Doubled Sales From #2 Retail Beverage Store Chain in TX #1 Avg. Sales Per Store in TX Excellent Highway Visibilty - Traffic: 70,000+ Cars Per Day at Intersection Within Thirving Retail Corridor The Retail Hub - 22 County Radius Directly Adjacent to Target, Wal-Mart, Home Depot, Kohls, Lowes, Bed Bath Exclusive Listing Agent: Joe Caputo (415) joe@exp1031.com and Beyond, Michaels, Old Navy, Petsmart, Ross & The Mall of Abilene The Mall of Abilene Attracts Over 9 Million Shoppers Per Year 4 Miles From Dyess Airforce Base - $310M+ Economic Impact on the Region EXP REALTY ADVISORS HQ: 118 East 28th Street #808 New York NY T: (212) F: (212)

2 Purchase Price: $2,023,000 CAP Rate: 9% Lease Term: 20 Years Building Area: +/- 7,400 SF Land Area: +/ Acres Lease Type: Absolute NNN Rent Increases: 10%, Every 5-Years Occupancy: 100% EXP Realty Advisors is pleased to present for sale a brand new single tenant Majestic Fine Wines & Spirits super store in Abilene, Texas. The subject property consists of a +/- 7,400 SF stand alone building on approximately 0.78 acres and is strategically located at the heart of the premier shopping destination for customers within the neighboring 22 counties. This offering gives investors the unique opportunity to own an investment property leased to a well established (recession proof) tenant for 20 years with rental increases and virtually no landlord responsibility. Investment Highlights Brand New Construction To Be Built Seasoned Mgt. Team Nearly Doubled Sales From Top Performing Sales Revenue Projected at this Location Will Likely Operate As DOC S, Majestic s West Texas Brand Subject Property Adjacent to the Busiest Intersection in Abilene No Significant Competition Within Immediate Trade Area Dyess AFB: 6,500 Miltary/Civilian Personnel w/ 8,000+ Family - Abilene MSA s Largest Employer Abilene, TX: 5% Unemployment Rate (US Avg: 8.1%) in 2009 Ranked 17th in US for Higher Education by Outlook Magazine - Home to 4 Universities & 3 Colleges Representative Photo Addison, TX Location COPYRIGHT ALL USE, DISCLOSURE AND/OR REPRODUCTION NOT SPECIFICALLY AUTHORIZED IS PROHIBITED. ALL RIGHTS RESERVED. EXP Realty Advisors ( Agent ) has presented this confidential Investment Memorandum to assist the recipient in evaluating the Property and it is intended for your use only. This confidential material contains brief, selected information pertaining to the Property and shall not be considered all-inclusive or unchanged since the date of preparation. No warranty as to the accuracy or completeness is expressed or implied. The information has been received from sources believed to be reliable but is not guaranteed. Agent disclaims all liabilities in connection with any inaccuracies or incompleteness. The Buyer should independently verify each item of information and have the same reviewed by its tax advisor and/or legal counsel. The Buyer agrees that (a) the materials are of a highly confidential nature and will be held in the strictest confidence or shall be returned to Agent upon request; (b) the Buyer shall not contact any property manager, employee or tenant of the Property regarding the enclosed materials or the Property, without prior approval of Agent; and (c) the Buyer understands and agrees that Agent represents the seller and not the Buyer. Neither the seller nor Agent shall have any obligation to pay any commission, finder s fee, or other compensation to any broker or other person dealing with the Buyer. The Buyer may provide information to persons retained for the purpose of evaluating the Property after first obtaining a signed confidentiality agreement from such persons to keep such information confidential. The Buyer shall defend, indemnify and hold harmless the seller, Agent and its affiliates from and against any claims, demands, damages, liabilities, costs or expenses, including reasonable attorneys fees, relating to any claim for a commission, finder s fee or other compensation by any broker or other person dealing with the Buyer. The Property is being sold on an as-is, where-is and with all faults basis.

3 LEASE OVERVIEW: Tenant: Lease Term: Options: Base Rent: Increases: Majestic Liquor Stores, Inc. Twenty (20) Years 4 - Five (5) Year Options $182,058 / Year 10% - Every Five (5) Years, Including Options Lease Type: Absolute NNN Tenant Pays All Taxes, Insurance and Maintenance to Include Roof and Structure TENANT OVERVIEW: Founded: 1942 Headquarters: Ft. Worth, TX Locations: 49 Majestic Liquor Stores, Inc. Website: Revenue: $148 Million (April 2009 TTM) Majestic Liquor Stores, Inc. is the second largest chain of retail beverage stores with the highest average unit volumes in the State of Texas. Founded in 1942, the company now operates 49 locations. During 2005 the chain began a program of expansion into other markets through the acquisition of Fat Dog Beverage Stores in Coffee City and the purchase of five stores from Red Coleman in Dallas and Addison. Majestic topped off 2005 with construction of a large modern store in Granbury, Texas. In 2006 Majestic entered the Austin, Texas market with acquisition of the Grape Vine Market. Experienced management and leadership is one of Majestic s principal competitive advantages. The team consists of seasoned talent whose collective 90 years of experience includes engineering, industrial management, retail operations, insurance and real estate. In addition, the management team possesses the proven ability to successfully run large operations in multiple markets and to profitably manage various aquisitions in order to deliver world-class results. Management has consistently demonstrated its ability generate levels of cash flow that provide an attractive platform for investment. Management has grown revenue from approximately $80 million in 2006 to approximately $148.5 million as of the trailing twelve months ended in April The company poses the market position, financial stability and magement experience required to grow revenue through the implementation of several existing opportunities. Majestic Liquor Stores, Inc s top opportunites for growth include: (1) organic growth; (2) building new stores from the ground up; and (3) aquisitions. This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information an bears all risk for any inaccuracies.

4 Representative Photo Highland Village, TX Checkout Similar Super Store Concept

5 CORPORATE MAJESTIC FINE WINES & SPIRITS Abilene TX Catlclaw Dr. Subject Property The Plaza at Park Central Abilene Mall Shops at Abilene Southwest Dr. - 14,480 CPD Catclaw S. Clack St. Corners - 56,000 CPD Century Theatres Abilene Marketplace This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information an bears all risk for any inaccuracies.

6 LOCATION OVERVIEW: Immediate Trade Area The subject property is Majestic s first site in the Abilene MSA is strategically located along S. Clack Street (Highways 83/84) at Southwest Drive within a thriving retail corridor and the fastest growing area in Abilene, Texas. Average daily traffic at this intersection exceeds 70,000 cars. Majestic will be bookended by several national anchor retailers which include Home Depot, Wal-Mart, Michaels, Old Navy, Bed Bath & Beyond, Petsmart and Kohls to its immediate southwest and Target, Academy Sports, Office Max, Century Theatres, Lowes and The Mall of Abilene directly east. The Mall of Abilene is the largest shopping destination and retail hub for an area reaching 22 counties. Its tenants include Dillards, Sears, JC Penny, Best Buy, Books a Million, American Eagle, Victoria s Secret, Aéropostale and PacSun. Annual mall traffic exceeds 9 million people. There are no significant retail beverage competitors in the immediate trade area. Abilene, Texas Abilene is a city in Jones and Taylor Counties in central Texas. It is located off Interstate 20, between exits 279 on its western edge and 292 on the east. Abilene is 140 miles west of Fort Worth, Texas The city is looped by I-20 to the north, US 83/84 on the west, and Loop 322 to the east. A railroad divides the city down the center into north and south. The historic downtown area is on the north side of the railroad. Abilene is the principal city of the Abilene, Texas Metropolitan Statistical Area, which had a 2006 estimated population of 158,063. The January 2008 to October 2008 Gross Sales for the Abilene MSA total retail trade is $1.7 Billion, a 7.2% increase over 2007 same period. (Abilene MSA covers Taylor, Callahan and Jones Counties.) Abilene is enjoying a relatively low unemployment rate of 5.0% compared to the state average of 6.5% and U.S. average of 8.1% in Dyess Air Force Base is located just west of the city and is approximately 4 miles from the subject property, its primary option for retail shops and restaurants. Dyess has been operational since 1963 and has more than 6,500 military/civilian personnel and an additional 8,000+ family members. The base has an economic impact of nearly $310 million a year on the region. Abilene is home to four universities and three colleges and was ranked by Business Outlook Magazine as the 17th city in the nation for higher education, the highest ranked city in Texas. Abilene is one of the nation s best small cities for business and careers, a Forbes magazine special report recently concluded. The city was ranked 58 out of 179 small metropolitan areas, one of 4 Texas cities to crack the top 100. Outlook Magazine ranked Abilene fifth out of 25 cities in the nation for best cities for businesses in Demographic Snapshot Excludes Dyess Airforce Base CATAGORY 1 MILE 3 MILE 5 MILE Historic Downtown Abilene, TX Population 8,264 56,737 98,647 Households 3,935 22,440 37,779 Average HH Income $49,286 $51,846 $50,937 Median HH Income $40,618 $43,101 $42,523 Median Disposable Income $35,474 $37,453 $36,974 Owner Occupied Housing 36.4% 47.2% 49.6% Median Age Employment Rate 85.7% 83.2% 8.42% Drive to Work (Alone) 83.6% 83.9% 82.1% White Collar Occupation 71.8% 62% 59.3% Source: Demographics Now March 2010 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information an bears all risk for any inaccuracies.

7 EXISTING DEBT: MUST BE ASSUMED Location Maps