2418/2420 Anderson Road, Crescent Springs, KY 41017

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2 DISCLOSURE All materials and information received or derived from Fortis Net Lease, its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty by Fortis Net Lease its directors, officers, agents, 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 Fortis Net Lease 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. Fortis Net Lease 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. Fortis Net Lease makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Fortis Net Lease 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 Fortis Net Lease in compliance with all applicable fair housing and equal opportunity laws. Fortis Net Lease is owned and operated by Fortis Commercial, a Michigan Limited Liability Company.

3 INVESTMENT SUMMARY Asking Price: $1,555,500 Initial Cap Rate: 4.50% NOI: $70,000 (Years 1-5) $74,900 (Years 6-10) $78,645 (Years 11-15) Original Lease Term: 15 Years Lease Term Remaining: 15 Years Lot Size:.51 acres Building: Confirm w/ Seller Year Built: 1Q 2016 LEASE SUMMARY Lease Type: Absolute NNN Ground Lease Taxes, CAM & Insurance: Tenant Responsibility Roof, Structure, Parking: Tenant Responsibility Lease Commencement: 1Q 2016 Option Increases: Every Option Period Option Periods: Four (4), Five (5) Year Options Aerial View: Click HERE Street View: Click HERE TENANT SNAPSHOT Website: Stock Ticker: Number of Locations: Revenue (2014): AZO NYSE 5,391 Worldwide $9.4 Billion in Sales INVESTMENT HIGHLIGHTS Absolute NNN Ground Lease Requires Zero Landlord Responsibilities Brand New AutoZone Opening 1Q 2016 New 15 Year Lease Four, Five (5) Year Options with 5% Rent Increases Rent Escalations During the Primary Term LOCATION HIGHLIGHTS Frontage along Anderson Road Excellent Traffic Visibility Major Retail Corridor Near I-71/75 Exit 5 Mile Population is 196,000+ Residents 2.25% Growth by 2020 Average Household Income within 1 Mile Radius Exceeds $83,000 Median Home Value within 1 Mile Over $221,000 Positioned Near National Tenants Including Dominos, Dunkin Donuts, LA Fitness, Home Depot, Field & Stream, Staples, Petco and More TENANT HIGHLIGHTS AutoZone is the leading retailer and a leading distributor of automotive replacement parts and accessories in North America. Each store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and nonautomotive products. Many stores also have a commercial sales program that provides commercial credit and prompt delivery of parts and other products to local, regional and national repair garages, dealers, service stations, and public sector accounts.

4 LOCATION OVERVIEW Crescent Springs, KY Crescent Springs is a home rule-class city in Kenton County, Kentucky, in the United States. The population was 3,801 at the 2010 census. Originally a stop on the Cincinnati Southern Railroad, the name Crescent Springs could refer to either the shape of the tracks crossing through the community or to New Orleans's nickname "the Crescent City" after its shape beside the Mississippi River. Crescent Springs is one of the many suburban cities in Northern Kentucky located in Kenton County, and is a part of the Cincinnati, Ohio metropolitan area. The City offers excellent commuter and transportation amenities such as Interstate 75, close proximity to the Greater Cincinnati/Northern Kentucky International Airport, both passenger and freight railroad service (Cincinnati) as well as a well-maintained state and county road system. Residents of our area have excellent dining, shopping and entertainment opportunities. We are just 10 minutes from Florence Mall which has its own exit from I-75. The beautiful hill-lined Ohio River is a popular warm-weather playground for watersport enthusiasts.

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9 Population 1 Mile 3 Mile 5 Mile 2015 Total Population: 9,442 56, , Population: 9,757 58, ,207 Pop Growth : 3.34% 2.88% 2.25% Average Age: Households 2015 Total Households: 4,043 23,518 80,272 HH Growth : 3.31% 2.91% 2.25% Median Household Inc: $54,586 $56,546 $43,923 Avg Household Size: Avg HH Vehicles: Housing Median Home Value: $221,229 $169,496 $132,783 Median Year Built: Population: 1 Mile 3 Mile 5 Mile 2020 Projection 9,757 58, , Estimate 9,442 56, , Census 9,096 55, ,352 Growth % 2.88% 2.25% Growth % 2.68% 1.78% 2015 Population Hispanic Origin 237 1,456 7, Population by Race: White 8,640 52, ,227 Black 282 1,885 25,266 Am. Indian & Alaskan Asian ,449 Hawaiian & Pacific Island Other ,596 Households: 2020 Projection 4,177 24,203 82, Estimate 4,043 23,518 80, Census 3,901 22,929 78,992 Growth % 2.91% 2.25% Growth % 2.57% 1.62% Owner Occupied 2,478 15,072 44,604 Renter Occupied 1,565 8,446 35, Avg Household Income $83,628 $77,769 $60, Med Household Income $54,586 $56,546 $43, Households by Household Inc: <$25, ,524 24,102 $25,000 - $50,000 1,266 6,156 20,916 $50,000 - $75, ,216 14,246 $75,000 - $100, ,843 8,483 $100,000 - $125, ,149 5,175 $125,000 - $150, ,196 2,485 $150,000 - $200, ,051 2,344 $200, ,384 2,520

10 MORE THAN $3.5 BILLION IN SALES Fortis Net Lease is a national investment real estate brokerage firm specializing in the acquisition and disposition of investment real estate. We help developers, franchisees, private investors and institutional funds accomplish their short and long term investment goals. The principals of Fortis Net Lease have successfully sold hundreds of properties in over three dozen states with a total transaction volume topping $3.4 billion. Fortis Net Lease specializes in the acquisition and disposition of the following: Net leased single tenant properties (Pharmacies, Auto Parts, Dollar Stores, Banks, QSR, Office/Industrial, Medical, Junior/Big Box, etc.) Portfolios & Corporate Sale-Leaseback Transactions (Burger King, Arby s, Tutor Time, Taco Bell, Wendy s, etc.) Multi-Tenant Retail Centers & Medical Office (Anchored or Unanchored - 5,000-1,000,000 SF) The advisors at Fortis Net Lease create long term relationships with our investors by delivering superior services and unparalleled results. When you hire Fortis Net Lease as your exclusive representative you will experience the individual attention and professionalism that you will not receive at other large brokerage firms. OUR TEAM DOUG PASSON ROB BENDER RICHARD LUDWIG BRYAN BENDER DENO BISTOLARIDES MARVIN DELAURA Senior Director OUR TEAM Senior Director Senior Director Senior Associate (248) (248) (248) (248) (248) (248) DOUG PASSON ROB BENDER BRYAN BENDER MIKE CARTER MARV DELAURA MIKE JAWORKSI MIKE CARTER PAT HAMMOND MIKE JAWORSKI DANTE HARGIS MATT WEBER KYLE CARSON Associate Director Senior Associate Senior Associate Senior Associate Senior (248) Associate Senior (248) Associate Senior (248) Associate Senior (248) Associate Senior (248) Associate (248) Business Development (248) (248) (248) (248) (248) (248) PAT HAMMOND FRANK ROGERS KYLE CARSON BEN SCHULTZ FORTIS NET LEASE BEN SCHULTZ FRANK ROGERS ABRAHAM LEON DANNY SAMONA BRANDON KASSAB TRACEY RISCH Business Development Associate Associate Associate Associate Coordinator Senior Associate Senior Associate Business Development Business Development Northwestern Highway, Suite 345 (248) (248) (248) (248) (248) (248) (248) (248) (248) (248) Farmington Hills, MI AMY JONES FORTIS NET LEASE Coordinator Northwestern Highway, Suite 275 (248) Farmington Hills, MI This information is deemed confidential and privileged and may contain inside information. If you are not the intended receiver do not read, copy or distribute this offering memorandum, instead delete or destroy it and contact one of our representatives. This information is believe to be accurate but is not represented or warranted by Fortis Net Lease or any of our agents or contractors.