VERIZON WIRELESS TERRE HAUTE, IN

BRAND NEW CONSTRUCTION 10-YEAR LEASE IN PRIMARY RETAIL NODE 2

Overview VERIZON WIRELESS 1452 FORT HARRISON ROAD, TERRE HAUTE, IN 47804 $1,265,000 PRICE 6.70% CAP LEASABLE SF 2,375 SF LAND AREA 0.34 AC LEASE TYPE NN LEASE EXPIRATION 12/31/2027 YEAR BUILT 2017 PARKING 12 SPACES 10-Year lease guaranteed by Verizon s largest authorized retailer 7.5% rent increases during primary term and each option Pad to Menards home improvement center Located off the U.S. Route 41/State Road 63 convergence (35,910 VPD) Newly installed roof has a twenty (20) year warranty 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 and bears all risk for any inaccuracies. 3

Investment Highlights THE OFFERING provides an opportunity to acquire a recently developed Verizon Wireless located along U.S. Route 41, a major north-south thoroughfare, and just minutes away from downtown Terre Haute. The subject property is located within one of Terre Haute s primary retail areas, and is a pad to a Menards and the Big Lots anchored Plaza North Shopping Center. Terre Haute is a regional hub for shopping and entertainment, and is home to five higher education institutions, including Indiana State University (ISU). Located just south of the subject property, ISU has a student population of over 13,500 and has been recognized as one of the Best Midwestern Colleges by the Princeton Review for fourteen straight years as of 2017. VERIZON is on a new 10-year NN lease, where the Tenant is responsible for all non-structural repairs, common area maintenance, taxes, and insurance. The Tenant, Cellular Sales of Indiana, LLC, is a wholly owned subsidiary of Cellular Sales of Knoxville, Inc., which guarantees the lease, and is recognized as the largest Verizon retailer in the U.S. with over 650 stores across 39 states. Contact the team CHRIS PETERS cpeters@capitalpacific.com PH: 415.274.2703 CA BRE# 01339983 JOE CACCAMO jcaccamo@capitalpacific.com PH: 415.274.7394 CA BRE# 01191110 THE SUBJECT PROPERTY, formerly a Dairy Queen, benefits from excellent visibility on Fort Harrison Road, and is surrounded by national retailers. Nearby retailers include Big Lots, Kroger, AutoZone, Walgreens, Applebee s, McDonald s, and Wendy s, helping bring foot traffic to the area. Terre Haute is the county seat of Vigo County, and has a population of over 71,000 within a five mile radius, and an average household incomes of over $53,000. IN CONJUNCTION WITH IN LICENSED BROKER/OWNER: Steven Shaffer Form G Commercial Advisors, LLC 502.338.4216 VERIZON WIRELESS IS THE LARGEST WIRELESS TELECOMMUNICATIONS PROVIDER IN THE U.S. 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 and bears all risk for any inaccuracies. 4

Zoomed-Out Aerial 150 70 63 18,170 VPD WABASH VALLEY FAIR 150 41 150 VIGO COUNTY INDIANA STATE UNIVERSITY 41 THE LANDING GOLF COURSE UNION HOSPITAL INDIANA STATE UNIVERSITY MEMORIAL STADIUM 641 TERRE HAUTE NORTH VIGO HIGH SCHOOL INDIANAPOLIS 1 HR 28 MIN FORT HARRISON ROAD SUGAR GROVE ELEMENTARY WARREN ELEMENTARY ENUE 70 WOODROW WILSON MIDDLE SCHOOL DEMING ELEMENTARY TERRE TOWN ELEMENTARY H AV AS WAB 26,320 VPD BENJAMIN FRANKLIN ELEMENTARY 41 S FRUITRIDGE AVENUE 70 21,010 VPD 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. 5 Buyer must verify the information and bears all risk for any inaccuracies. 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 and bears all risk for any inaccuracies.

Zoomed-In Aerial TERRE TOWN ELEMENTARY THE LANDING GOLF COURSE 41 17,770 VPD 41 LA FA YE TT EA VE NU E N 13TH STREET FORT HARRISON ROAD INDIANAPOLIS 1 HR 28 MIN JOHN PAUL II CATHOLIC HIGH SCHOOL 63 GARFIELD HIGH SCHOOL OUABACHE ELEMENTARY 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 and bears all risk for any inaccuracies. 6

Submarket Overview RETAILERS IN CLOSE PROXIMITY INCLUDE: Menards Save a Lot Big Lots Hobby Lobby Kroger Stein Mart Walmart Supercenter T.J. Maxx Kohl s Tractor Supply Co. Lowe s AMC Theatres Carson s Macy s JC Penny Sears Family Dollar Walgreens 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 and bears all risk for any inaccuracies. BUSINESS SUMMARY TOTAL 1-MILE 3-MILES 5-MILES Businesses 211 1,346 2,360 Employees 3,468 26,250 37,914 Residential Population 6,443 33,691 71,074 KEY 1-MILE 3-MILES 5-MILES 7

Subject Property 8

Surrounding Retail 9

Income & Expense PRICE $1,265,000 Price Per Square Foot: $532.63 Capitalization Rate: 6.70% Total Rentable Area (SF): 2,375 Lot Size (AC): 0.34 STABILIZED INCOME PER SQUARE FOOT Scheduled Rent $35.93 $85,323 Effective Gross Income $35.93 $85,323 LESS PER SQUARE FOOT Taxes NNN $0.00 Insurance NNN $0.00 Structural Reserve ($0.25) ($593.75) Total Operating Expenses ($0.25) ($593.75) EQUALS NET OPERATING INCOME $84,729 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 and bears all risk for any inaccuracies. 10

Rent Roll TENANT INFO LEASE TERMS RENT SUMMARY TENANT NAME SQ. FT. CURRENT RENT MONTHLY RENT YEARLY RENT MONTHLY RENT/FT YEAR RENT/FT Verizon Wireless 2,375 12/27/2017 12/31/2022 $85,323 $7,110 $85,323 $2.99 $35.93 1/1/2023 12/31/2027 $7,644 $91,722 $3.22 $38.62 Option 1 1/1/2028 12/31/2032 $8,217 $98,602 $3.46 $41.52 Option 2 1/1/2033 12/31/2037 $8,833 $105,997 $3.72 $44.63 TOTALS: 2,375 $85,323 $7,110 $85,323 $2.99 $35.93 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 and bears all risk for any inaccuracies. 11

Lease Abstract PREMISES & TERM TENANT Cellular Sales of Indiana, LLC GUARANTOR Cellular Sales of Knoxville, Inc. BUILDING SF 2,375 LEASE TYPE NN TERM 10 Years RENT COMMENCEMENT January 2018 EXPIRATION December 31, 2027 OPTIONS Two 5-year options RENT BASE RENT DATE RANGE MONTHLY RENT ANNUAL RENT 12/27/2017-12/31/2022 $7,110 $85,323 1/1/2023-12/31/2027 $7,644 $91,722 OPTION RENTS DATE RANGE MONTHLY RENT ANNUAL RENT #1. 1/1/2028-12/31/2032 $8,217 $98,602 #2. 1/1/2033-12/31/2037 $8,833 $105,997 EXPENSES LEASE PROVISIONS TAXES Tenant reimburses Landlord for real estate taxes assessed against the Premises each year INSURANCE Tenant shall obtain and keep in full force the following policies: (i) Commercial General Liability insurance, with a combined limit of no less than $2,000,000 per occurrence; (ii) Owned Property insurance providing coverage on a replacement cost basis for Tenant s stock, fixtures, and furnishings; and (iii) Workers Compensation insurance coverage. UTILITIES Tenant is responsible for direct payment of all utilities to the appropriate billing authority. TENANT S OBLIGATIONS Tenant is responsible for all non-structural repairs and maintenance including the HVAC system. LANDLORD S OBLIGATIONS Landlord is responsible for roof and structure (20 year roof warranty is in-place). ASSIGNMENT/SUBLETTING Tenant may not assign, transfer, or sublease their interest in the premises without the prior written consent of Landlord, which shall not be unreasonably withheld. ESTOPPEL Tenant shall execute and deliver a signed estoppel to Landlord within 20 days of receipt of request 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 and bears all risk for any inaccuracies. 12

Site Plan 2,375 RENTABLE SF 0.34 ACRES 12 SPACES HANDICAPPED SIGN N 13TH STREET FORT HARRISON ROAD N 13TH STREET This site plan is a rendering that has been created based on sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 13

Tenant Overview ABOUT VERIZON WIRELESS Verizon Wireless is the largest U.S. telecommunications services provider. The company s wireline business provides local telephone, long-distance, and Internet access services to residential and business customers in 24 states and Washington, DC. It has about 40 million voice access lines in operation and serves about 8 million broadband Internet customers. Verizon Wireless (known legally as Cellco Partnership), the company s joint venture with Vodafone Group, serves more than 80 million customers. Verizon Business provides communications and IT services to business and government clients in the U.S. and abroad. 2,330 VERIZON LOCATIONS IN THE UNITED STATES ABOUT CELLULAR SALES 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 and bears all risk for any inaccuracies. Cellular Sales is a wireless retailer based in Knoxville, Tennessee, and is Verizon Wireless largest authorized retailer in the United States. Founded in 1993, Cellular Sales has grown to the extent of operating more than 650 retail stores across 39 states, and has over 7,200 employees. The Knoxville-based company sells cellphones, accessories and service plans to customers across the country, and is routinely ranked on Inc. Magazine s Inc. 5000 list, which recognizes the country s fastest-growing private companies. 14

Demographics POPULATION 1-MILE 3-MILES 5-MILES 2010 6,303 32,735 69,770 INDIANAPOLIS (1 HR 22 MILES) 2017 6,443 33,691 71,074 2022 6,511 34,180 71,939 TERRE HAUTE 2017 HH INCOME 1-MILE 3-MILES 5-MILES Average $48,922 $46,965 $53,182 Median $36,814 $35,151 $37,819 TOP EMPLOYERS EMPLOYER # OF EMPLOYEES Union Hospital 2,075 Vigo County School Corp 1,971 Indiana State University 1,742 Sony DADC, USA 950 Terre Haute Regional Hospital 862 THE AVERAGE HOUSEHOLD INCOME WITHIN A 5-MILE RADIUS IS OVER $53K 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 and bears all risk for any inaccuracies. 15

Location Overview TERRE HAUTE, INDIANA [INDIANAPOLIS, IN] TERRE HAUTE is a city located near Indiana s western border with Illinois and is the county seat of Vigo County. As of July 2017, Terre Haute has an estimated population of 60,852 people. The city is located along the Wabash River, and is the self-proclaimed capital of the Wabash Valley. Just 75 miles west of Indianapolis, Terre Haute is home to several higher education institutions, including Indiana State University, Saint Mary-of-the-Woods College, Rose-Hulman Institute of Technology and Ivy Tech Community College of Indiana. Terre Haute has revitalized the businesses and culture in its downtown district. From festivals, museums, restaurants, shopping, and the addition of multiple hotels in the area it has greatly improved the overall image of downtown Terre Haute. Its revitalization efforts were recognized in 2010 when the Indiana Chamber of Commerce named Terre Haute Indiana s Community of the Year. EMPLOYMENT GROWTH EMPLOYMENT IN TERRE HAUTE is projected to grow by 35% over the next ten years. In November 2017, there were 71,500 jobs in Terre Haute according to the CES survey of employers. Terre Haute is ranked #90 on the Forbes List of Best Small Places for Business and Careers. 169,000 TERRE HAUTE MSA POPULATION (ESTIMATED) 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 and bears all risk for any inaccuracies. 16

We d love to hear from you. CHRIS PETERS cpeters@capitalpacific.com PH: 415.274.2703 CA BRE# 01339983 JOE CACCAMO jcaccamo@capitalpacific.com PH: 415.274.7394 CA BRE# 01191110 IN CONJUNCTION WITH IN LICENSED BROKER: Steven Shaffer Form G Commercial Advisors, LLC 502.338.4216 CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM: ZEB RIPPLE JOHN ANDREINI ZANDY SMITH JACK NAVARRA CHRIS KOSTANECKI JOE CACCAMO RICK SANNER CHRIS PETERS DAVE LUCAS AARON SUSMAN 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 and bears all risk for any inaccuracies.