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1 Representative Photo Click Image For Online Property Map O F F E R I N G M E M O R A N D U M

2 DISCLOSURE : All materials and information received or derived from Fortis Net Lease (hereinafter collectively referred to as FNL ), its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty by FNL its directors, officers, agent s, advisors, or affiliates as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, suitability, financial performance of the property, projected financial performance of the property for any party s intended use or any and all other matters. Neither FNL its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party s active conduct of its own due diligence to determine these and other matters of significance to such party. FNL will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. ALL PARTIES SHALL CONDUCT THEIR OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE: Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. FNL makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. FNL does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by FNL in compliance with all applicable fair housing and equal opportunity laws. E XC LU S I V E LY L I S T E D BY: DOUG PASSON ROBERT BENDER Managing Partner Managing Partner Fortis Agents Cooperate Click Here To Meet The Team dpasson@fnlre.com rbender@fnlre.com ART VAN PURE SLEEP MATTRESS STORE

3 INVESTMENT SUMMARY List Price: $1,350,000 Current NOI: $96,000 Initial Cap Rate: Land Acreage: 7.11% Verify with Seller Year Built: 2017 Building Size: 4,000 SF Google Aerial Map: Click HERE Google Street Map: Click HERE LEASE SUMMARY Lease Type: NN Taxes/CAM/Insurance: Tenant Responsibility Structure/Roof/Parking: Landlord Responsibility Lease Term: 10 Years Rent Commencement: February 15, 2018 Rent Expiration: February 28, 2028 Term Remaining: 10 Years Rent Increases: Approx. 4% Each Option Option Periods: Two, Five Year Options Rent Reduction Option See Agent for Details Subject Property INVESTMENT HIGHLIGHTS Brand New BTS 4,000 SF Art Van Pure Sleep Mattress Store 10 Year NN Lease with Minimal Landlord Responsibilities Two, Five Year Options 4% Rent Increases at Each Option Excellent Accessibility & Visibility Major Retail Corridor LOCATION HIGHLIGHTS Subject Property is Located on Miller Road 25,000+ VPD Situated at the Entrance to a Retail Center with Best Buy, Guitar Center, Dunham s Sports & Office Depot Across From Target, Bed, Bath & Beyond, Petco & JoAnn Fabrics Approx. 1 Mile from Genesee Valley Center (Click for Tenant Directory) Over 117,100 Residents Within 5 Miles Average Household Income Exceeds $48,000 Within 3 Miles Median Home Value Within 5 Miles Exceeds $72,000 Positioned Near National Retail Tenants Including: Target, Best Buy, Kohl s, Hobby Lobby, Party City, JoAnn Fabrics, Bed, Bath & Beyond, ABC Warehouse, Old Navy and More Year Monthly Rent Annual Rent Rent Increase % Increase 1-10 $8, $96, , % Option 1 $8, $99, , % Option 2 $8, $104, A R T V A N P U R E S LE E P M A T T R E S S S T O R E F O R T I S N E T L E A S E

4 INVESTMENT OVERVIEW Fortis Net Lease is proud to present a brand new Art Van Pure Sleep Mattress Store located at 3896 Miller Road in Flint Township, MI. This new ten year NN lease has two, five year options and four percent rent increases at each option. The rent is scheduled to commence on November 1, The subject property is situated in a major retail area and is surrounded by many national tenants including: Target, Best Buy, Kohl s, Hobby Lobby, Party City, JoAnn Fabrics, Bed, Bath & Beyond, ABC Warehouse and Old Navy. It is situated at the entrance to a retail center with Best Buy, Guitar Center, Dunham s Sports & Office Depot. It is also located across from Target, Forman Mills, Bed, Bath & Beyond, Petco and JoAnn Fabrics. The population within five miles exceeds 117,100 residents, the average household income within three miles is $48,000 and the median home value within five miles exceeds $72,000. TENANT OVERVIEW Mr. Van Elslander, founder of Art Van Furniture, began working in a Detroit furniture store as a young man. In just a few short years, he was ready for a bigger challenge and opened his own store on Gratiot Avenue and 10 Mile Road in His founding philosophy was to provide the community with quality furniture at great prices, with always high standards of customer service. Known then as Art Van s, Mr. Van Elslander was the sole employee of the store, which featured Danish and contemporary home furnishings. Though Detroit's economy was struggling, the company grew and later the name was changed to the current Art Van Furniture. In 1973, Art Van Furniture moved its headquarters from 12 Mile and Van Dyke Road to the 14 Mile location in Warren, where it is still located today. After 59 years, Art Van Furniture operates more than 100 stores throughout Michigan, Ohio, Indiana, Illinois and Iowa, including freestanding Art Van PureSleep mattress stores, Art Van Flooring stores, and Art Van Furniture franchise locations, as well as a full service e-commerce website. A R T V A N P U R E S LE E P M A T T R E S S S T O R E F O R T I S N E T LE A S E

5 Flint Township, Michigan The Charter Township of Flint is a charter township of Genesee County in the state of Michigan. The population was 31,929 at the 2010 census. The City of Flint is adjacent to the township on the east, but is administratively autonomous. According to the United States Census Bureau, the township has a total area of 23.6 square miles, all land. The Township is mostly an L-shape around the southwest side of the City of Flint and split in two along I-69/I-75 interchange south along Bishop Airport to Mundy Township. Bishop International Airport is adjacent to Flint Township. The township is served by the Mass Transportation Authority bus lines. In addition, three major highways - I-75, I-69 and US 23 - which run through the township intersect one mile from Bishop Airport. Also, three major rail lines: Grand Trunk Western, CSX Transportation, and Michigan Central Railway intersect at the township's northern border. Flint Township is Genesee County s premier shopping district, home to Genesee Valley Center offering a wonderful shopping experience, with Birch Run Outlets and Historical Frankenmuth just 25 minutes away. McLaren Hospital provides cutting edge technology in Proton Therapy Cancer Treatment offering extended care stay at McLaren s Hospitality House. Genesee Valley Bike Trail offers miles of walking, biking, or hiking for outdoor adventure linking to our Township Park. Baker College, ITT Tech, Davenport College, Spring Arbor College and Northwood University are located in Flint Township. Mott Community, University of Michigan and Kettering are minutes away. A R T V A N P U R E S LE E P M A T T R E S S S T O R E F O R T I S N E T LE A S E

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8 Average Household Income Exceeds $48,000 Within 3 Miles 117,147 People Live Within 5 Miles Click Image For Online Property Map A R T V A N P U R E S LE E P M A T T R E S S S T O R E F O R T I S N E T LE A S E

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10 Population 1 Mile 3 Miles 5 Miles 2017 Total Population: 2,131 39, , Population: 2,098 39, ,511 Average Age: Households 2017 Total Households: ,702 47,466 Median Household Inc: $39,872 $37,856 $36,433 Avg Household Size: Avg HH Vehicles: Housing Median Home Value: $63,019 $66,818 $72,085 Median Year Built: Population: 1 Mile 3 Miles 5 Miles 2022 Projection 2,098 39, , Estimate 2,131 39, , Census 2,217 39, , Population Hispanic Origin 66 1,560 3, Population by Race: White 1,773 28,124 70,431 Black 264 9,273 40,770 Am. Indian & Alaskan Asian ,325 Hawaiian & Pacific Island Other 57 1,389 3,911 U.S. Armed Forces: Households: 2022 Projection ,583 46, Estimate ,702 47, Census ,661 49,089 Owner Occupied ,672 29,675 Renter Occupied 356 6,030 17, Avg Household Income $48,103 $48,986 $48, Med Household Income $39,872 $37,856 $36, Households by Household Inc: <$25, ,951 17,393 $25,000 - $50, ,637 13,246 $50,000 - $75, ,953 8,012 $75,000 - $100, ,674 4,078 $100,000 - $125, ,248 $125,000 - $150, ,107 $150,000 - $200, $200, A R T V A N P U R E S LE E P M A T T R E S S S T O R E F O R T I S N E T LE A S E

11 E XC LU S I V E LY L I S T E D BY: DOUG PASSON Managing Partner ROBERT BENDER Managing Partner dpasson@fnlre.com rbender@fnlre.com ART VAN PURE SLEEP MATTRESS STORE [