OFFERING MEMORANDUM RETAIL BUILDING IN AVONDALE ESTATES NATIONAL RETAIL GROUP

OFFERING MEMORANDUM RETAIL BUILDING IN AVONDALE ESTATES NATIONAL RETAIL GROUP

TABLE OF CONTENTS THE OFFERING Disclaimer & Limiting Conditions 3 Executive Summary 4 Property Overview 5 THE PROPERTY Property Photos 6 Immediate Area Overview 8 Surrounding Area Overview 9 Nearby Developments 10 City Master Plan 11 Demographics & Traffic Count 12 THE MARKET About The Area 13 Broker Profile 14 Team Profile 15 AVONDALE ESTATES Georgia PAGE 2 OF 16 MICHAEL WESS 404-876-1640 x 150 MWess@BullRealty.com NATIONAL RETAIL GROUP BULLREALTY.COM

DISCLAIMER & LIMITING CONDITIONS This Confidential Offering Memorandum contains selected information pertaining to the Property but does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may require. All financial projections are provided for general reference purposes only and are based upon assumptions relating to the general economy, competition and other factors, which therefore, are subject to material change or variation. Prospective purchasers may not rely upon the financial projections, as they are illustrative only. An opportunity to inspect the Property will be made available to qualified prospective purchasers. In this Confidential Memorandum, certain documents, including financial information, are described in summary form and do not purport to be complete or accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to review independently all documents. This Confidential Memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by Bull Realty Inc. or the current Owner/Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein. Owner/Seller expressly reserve the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate discussions with any party at any time with or without notice. Owner/Seller shall have no legal commitment or obligation to any purchaser reviewing this Confidential Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Owner/Seller and any conditions to the purchaser s obligations therein have been satisfied or waived. The Seller reserves the right to move forward with an acceptable offer prior to the call for offers deadline. This Confidential Memorandum may be used only by parties approved by the Owner. The Property is privately offered, and by accepting this Confidential Memorandum, the party in possession hereof agrees (i) to return it if requested and (ii) that this Confidential Memorandum and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Confidential Memorandum may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of Bull Realty, Inc. or Owner/Seller. The terms and conditions set forth above apply to this Confidential Memorandum in its entirety and all documents, disks and other information provided in connection therewith. AVONDALE ESTATES Georgia PAGE 3 OF 16

THE OFFERING EXECUTIVE SUMMARY RETAIL BUILDING IN AVONDALE ESTATES AVONDALE ESTATES Georgia PAGE 4 OF 16 Bull Realty is pleased to present the opportunity to acquire this fully occupied retail building on a prime lot in the growing city of Avondale Estates, located 7 miles east of Atlanta and only 2 miles from Decatur. The property currently has 4 tenants on a quarter acre lot with approximately 250 of frontage on three streets: 39 on Clarendon Avenue, 70 on Laredo Drive, and 140 on Parry Street. In addition to its prime corner location, the building is also centrally located within ambitious city master plans for a bustling walking community. Specifically, the lot is adjacent to a 13 acre parcel that was purchased by Avila in 2014 for approximately $5 million. Avila has discussed various plans with the city, including developing a 46,000 SF grocery store and/or 400 apartments, 24 townhomes and 10,000 SF of retail. The city has also proposed a nature park with walking trails and an amphitheater on Laredo Drive catty-cornered from the property. Highlights Located on prime corner location in Avondale Estates Approximately 250 feet of frontage on 3 high traffic streets 1,920 SF 0.25 AC Lot Zoned C2 4 suites fully occupied with an NOI of approximately $15,000 Directly across from 13 acres purchased by developer Avila Property also available for lease or build-to-suit. Seller Financing Available to Qualified Buyers. PRICE $399,900

PROPERTY OVERVIEW THE OFFERING RETAIL BUILDING IN AVONDALE ESTATES Address 106 N Clarendon Ave Avondale Estates, GA 30002 County DeKalb Building Size 1,920 SF Lot Size 0.25 Acres Number of Buildings 1 Number of Units 4 Zoning C2 Parking Spaces 16 Parcel ID 15 249 11 001 Occupancy 100% NOI $15,000 Asking Price $399,900 AVONDALE ESTATES Georgia PAGE 5 OF 16

PHOTOS AVILA DEVELOPMENT SITE PROPOSED PARK & AMPHITHEATER CLARENDON AVE LAREDO DR PARRY STREET PAGE 6 OF 16

PHOTOS AVILA DEVELOPMENT SITE PAGE 7 OF 16

IMMEDIATE AREA OVERVIEW Avila Development Site Subject Property PAGE 8 OF 16

SURROUNDING AREA OVERVIEW Subject Property PAGE 9 OF 16

NEARBY DEVELOPMENTS THE PROPERTY ALLIANCE REALTY AVILA PROPOSED AMPHITHEATER COLUMBIA VENTURES SOUTH CITY PARTNERS Subject Property AVILA COMMERCIAL PROPERTIES Avila Development Site (Discussion with City ongoing): plans discussed with City of Avondale include a 46,000 SF grocer and/or 400 apartments, 24 town homes, 10,000 SF of commercial space, and open park space directly across from the 140 of frontage 106 North Clarendon enjoys on Parry Street. SOUTH CITY PARTNERS South City Partners (Breaking Ground Early 2017): 196 apartments, 8,000 SF of commercial space and 1 acre of open park space on the corner of Sam s Crossing and North Avondale Road, only 0.7 miles west of 106 North Clarendon. AVONDALE ESTATES Georgia PAGE 10 OF 16 ALLIANCE REALTY Alliance Realty (Planning Stage): five-story mixed use development anchored by Publix and several other smaller commercial spaces with 250 apartments only 1.0 mile west of 106 North Clarendon. PROPOSED AMPHITHEATER Park space with proposed amphitheater catty-cornered from the 39 & 70 of frontage 106 North Clarendon enjoys on Clarendon Avenue and Laredo Drive COLUMBIA VENTURES Columbia Ventures Avondale Estates MARTA Redevelopment (Broke Ground late 2016): Phase I to include 288 apartments, a 92 unit premier senior living facility, 22,000 square feet of commercial space and a large parking facility with 728 spaces. Future phases could include 125 additional apartments, a mixed-use building, and an early childhood learning center. This development is only 0.9 miles west of 106 North Clarendon.

CITY MASTER PLAN THE PROPERTY Subject Property AVONDALE ESTATES Georgia PAGE 11 OF 16

MASTER PLAN THE PROPERTY Subject Property AVONDALE ESTATES Georgia PAGE 12 OF 16 * Proposed December 7, 2016

DEMOGRAPHICS & TRAFFIC COUNT THE PROPERTY 17,960 # = Vehicles Per Day 2016 DEMOGRAPHICS (Esri) 1 mile 3 miles 5 miles Population 9,230 109,083 278,843 Households 4,322 44,136 112,349 Average Household Income $72,689 $72,260 $75,974 AVONDALE ESTATES Georgia PAGE 13 OF 16

ABOUT THE AREA THE MARKET LOCATION AVONDALE ESTATES, GEORGIA HISTORY Avondale Estates was founded in 1924 by George Francis Willis, who purchased the entire village of Ingleside to create a planned community. The City was named after Stratford-upon-Avon, Warwickshire, England, birthplace of William Shakespeare. Downtown buildings were designed in a Tudor style to reinforce the English image, as were many of the houses in the City. The Old House online magazine featured Avondale Estates as one of the Best Old House Neighborhoods 2012. The list features neighborhoods across the country with one-of-a-kind period houses. CURRENT STATISTICS AVONDALE ESTATES Georgia PAGE 14 OF 16 The City of Avondale Estates is located in DeKalb County, Georgia and has a population of 3,360 residents. The City is known for its close-knit community, beautiful setting and diverse architectural styles. The first Waffle House, which opened its doors Labor Day weekend of 1955, is now a museum. Community amenities for residents include beautiful Lake Avondale, the Avondale Community Club, tennis courts and a swimming pool. The City is about 789.65 acres, or 1.23 square miles.

BROKER PROFILE MICHAEL WESS Associate, National Retail Group Mr. Michael Wess joined the National Retail Group for the commercial real estate firm Bull Realty in 2016. He has experience with the consulting and sales of various types of commercial real estate and specializes in the acquisition and disposition of retail properties. Michael understands the necessity of producing individualized plans of action for his clients and he consistently works in collaboration with them in order to execute these plans and achieve their financial objectives. Michael s expertise in the real estate industry includes experience as a property manager, property tax consultant and financial analyst for a multifamily developer. He earned his Georgia Real Estate License and the Certified Commercial Broker (CCB) certification. He is also an active member of the Atlanta Commercial Board of Realtors. Michael graduated from the Terry College of Business at the University of Georgia earning three degrees in Finance, Real Estate and International Business. Michael also earned a minor in Spanish while participating on the rugby team and various philanthropic organizations. In his free time Michael enjoys traveling, hiking and camping. Bull Realty is a commercial real estate sales, leasing and advisory firm licensed in ten southeast states headquartered in Atlanta. The firm was founded twenty years ago with two primary missions: to provide a company of advisors known for their integrity and to provide the best disposition marketing in the nation. Client services include acquisition, disposition, project leasing, tenant representation, asset management, auctions and consulting services. Advisors focus on specific property types and services to provide expertise in their sectors including office, retail, industrial, multifamily, land, healthcare, senior housing, self-storage, automotive, hospitality, sale-leaseback and single tenant net lease properties. Disposition services for appropriate properties can include marketing on up to 415 websites, 17 marketing systems, 7 e-marketing systems, video, social media, auctions and national radio exposure. The firm produces and hosts The Commercial Real Estate Show, a talk radio show heard by millions of people around the country. Industry analysts, leading market participants and Bull Realty s founder Michael Bull share market intelligence, forecasts and success strategies. The show has aired weekly on radio stations for six years and is available anytime on itunes, YouTube and www.creshow.com. Michael Wess Associate, National Retail Group 404-876-1640 x 150 MWess@BullRealty.com PAGE 15 OF 16

TEAM PROFILE MICHAEL WESS Associate, National Retail Group MICHELLE MEHRJERDIAN Marketing RICK LEWIS Marketing SCOTT JACKSON Analyst PAGE 16 OF 16 Michael Wess Associate, National Retail Group 404-876-1640 x 150 MWess@BullRealty.com