8930 E. 56th Street Indianapolis, IN OFFERING MEMORANDUM. Joseph Weston

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1 8930 E. 56th Street Indianapolis, IN OFFERING MEMORANDUM Joseph Weston

2 TABLE OF CONTENTS INVESTMENT 4 TENANT OVERVIEW 6 PROPERTY PHOTO 7 RETAIL AERIAL 8 MARKET OVERVIEW 9

3 FINANCIAL ANALYSIS PROPERTY NAME Location: Price: CAP Rate: GLA: Lot Size: Year Built: OLD NATIONAL BANK 8930 E. 56th Street Indianapolis, IN $5,425, % 3,172 SF +/- 2 acres 2004 FINANCIAL ANALYSIS Lease with Old National Bank, the largest regional financial institution headquartered in Indiana Strategically located on the corner of East 56th Street in close proximity to the I-465 interchange at 56th Street Directly across the street from the Regional Social Security Administration office at 5515 N. Post Road Four drive through lanes 13 years remaining of original 20 year net lease plus four 5 year option periods ONB is responsible for every expense of property 2% Annual Increases* INVESTMENT OVERVIEW The property consists of a 3,172 square foot single-story branch bank with four (4) drive through lanes situated on approximately 2 acres. The building is strategically located on the corner of East 56th Street in close proximity to the I-465 interchange at 56th Street, and directly across the street from the Regional Social Security Administration office at 5515 N. Post Road. The property is leased to Old National Bank ( ONB ) under a 20 year net lease agreement which commenced December Under the lease, ONB is responsible for every expense of the property, including but not limited to taxes, insurance, maintenance and repairs, and roof and structure. ONB was founded in Evansville, Indiana in With total assets in excess of $14 billion; 2, 200 employees; and a network of over 200 branch locations throughout Indiana, Wisconsin, Michigan, Kentucky and Illinois, ONB is the largest regional financial institution headquartered in Indiana. ONB is rated A by Moody s. For the nine months ending 9/30/16, ONB had net income of $100 million; stockholder s equity of $1.1 billion; and customer deposits exceeding $10.4 billion. *Increased by 300% of CPI not to exceed 2%.

4 FINANCIAL ANALYSIS OFFERING SUMMARY Purchase Price $5,425,000 CAP Rate 5.5% GLA 3,172 SF Lot Size +/- 2 acres Year Built 2004 VITAL DATA Net Operating Income Lease Type Original Lease Term Rent Commencement Lease Expiration Increases Options $298,350 Absolute Triple Net (NNN) 20 Years 1/1/ /31/2029 Annual Rental Increases of 2% Four 5 Year TENANT Tenant Number of Locations Moody s Rating Old National Bank A

5 TENANT OVERVIEW

6 TENANT OVERVIEW PROPERTY NAME Property Type Total GLA Tenant Trade Name Ownership Headquarters Number of Locations Website Rent Commencement Date Lease Expiration Date Lease Type Lease Term Remaining Roof and Structure Orignal Lease Term Net Operating Income Increases Options OLD NATIONAL BANK Net Leased Bank 3,172 SF Old National Bank Corporate Evansville, IN /1/ /31/2029 Absolute Triple Net (NNN) 13 Years ONB Responsible 20 Years $298,350 Annual Rental Increases of 2% Four 5-Year ONB was founded in Evansville, Indiana in With total assets in excess of $14 billion; 2, 200 employees; and a network of over 200 branch locations throughout Indiana, Wisconsin, Michigan, Kentucky and Illinois, ONB is the largest regional financial institution headquartered in Indiana. ONB is rated A by Moody s. For the nine months ending 9/30/16, ONB had net income of $100 million; stockholder s equity of $1.1 billion; and customer deposits exceeding $10.4 billion.

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8 RETAIL AERIAL N. Post Road SUBJECT PROPERTY

9 MARKET OVERVIEW INDIANAPOLIS, IN Indianapolis is the capital and largest city of the U.S. state of Indiana and the seat of Marion County. With an estimated population of 853,173 in 2015, Indianapolis is the second most populous city in the Midwest, after Chicago, and 14th largest in the U.S. The city is the economic and cultural center of the Indianapolis metropolitan area, home to 2 million people, the 34th most populous metropolitan statistical area in the U.S. The city's philanthropic community, led by the Lilly Endowment, has been instrumental in the development of its cultural institutions, including The Children's Museum of Indianapolis, Indianapolis Zoo, and Indiana Landmarks. Indianapolis is considered a "high sufficiency" global city. Named #21 Best Places for Business and Careers (Forbes) #1 City for Cost of Doing Business (CNBC) Named #52 in Job Growth (Forbes) Named #70 in Education (Forbes) #9 among Cities Creating the Most Technology Jobs (Forbes) 6th for Top Cities for Tech Jobs (Fast Company) 3rd Best Downtown City (Livability)

10 MARKET OVERVIEW 17,789 VEHICLES PER DAY Joseph Weston