REPRESENTATIVE PHOTO TACO JOHN S NASHVILLE, TN

REPRESENTATIVE PHOTO TACO JOHN S NASHVILLE, TN

Overview REPRESENTATIVE PHOTO TACO JOHN S 2827 MURFREESBORO PIKE, NASHVILLE, TN 37013 $2,602,708 PRICE 6.50% CAP LEASABLE SF 1,650 SF LAND AREA 1.00 Acres LEASE TYPE Absolute NNN LEASE TERM 20 Years YEAR BUILT 2018 New 20-year lease with 2% annual rental increases Major Draws Pad to Walmart Supercenter and next to Walgreens Traffic counts of over 25,000 Nashville explosive growth and tax free state New IKEA under construction in town The 2 largest hospitals in the US are opening major offices in town (see page 6 for more info) 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. 2

Investment Highlights THE OFFERING provides an opportunity to acquire a Taco John s in Nashville, TN. The lease is absolute NNN with zero landlord maintenance or management responsibilities. The brand new 20-year lease features very attractive annual rental increases of approximately 2%. Taco John s is at the entrance to a Walmart Supercenter which provides a massive draw to the trade area. Traffic counts exceed 25,000 vehicles per day. There are two personal guaranties and a corporate guarantee on this lease. The personal guarantors each have over 25 years of restaurant experience and over 30 restaurants currently in operation. Their previous experience includes operating over 58 KFC s which has lead to a strong industry background in the fast food segment. There is also a corporate guaranty from Power Restaurant Group, who has 25 restaurants open or under construction throughout the U.S., spanning a number of fast food concepts such as Checker s and Dairy Queen. THE RETAIL MARKET includes Walmart Supercenter, Walgreens, Domino s Pizza, Dairy Queen, CVS and many others. Antioch s population has been growing faster than anywhere else in Nashville-Davidson County. This location, with over 25,000 vehicles per day, is one of the most traveled corridors in Antioch. Contact the team JOE CACCAMO jcaccamo@capitalpacific.com PH: 415.274.7394 CA BRE # 01191110 JOHN ANDREINI jandreini@capitalpacific.com PH: 415.274.2715 CA BRE # 01440360 SUBJECT PROPERTY RENDERING IN CONJUNCTION WITH TN LICENSED BROKER: Kevin Fulton Market Retail Partners 615.345.4455 kfulton@marketretailpartners.com 100 NEW TACO JOHN S FRANCHISEE RESTAURANTS TO OPEN IN 2018 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

Zoomed-In Aerial 70S 41 NASHVILLE CITY CENTER 24 254 RO AD 254 BE LL CITY OF NASHVILLE THE ACADEMY AT HICKORY HOLLOW EZELLHARDING CHRISTIAN 39,671 BE LL 254 RO AD 12,142 HAMILTON CROSSING HAMILTON CHURCH 146,538 ROAD 24 32,769 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. 70S 41 4

Zoomed-Out Aerial NASHBORO GOLF CLUB LAKEVIEW ELEMENTARY DESIGN CENTER NASHVILLE INTERNATIONAL AIRPORT UNA ELEMENTARY 41 41 IKE OP OR B EES FR R MU ANTIOCH HIGH CANE RIDGE ELEMENTARY EZELLHARDING CHRISTIAN 32,769 ROA D 4 25 CANE RIDGE HIGH BELL 146,538 24 GLENCLIFF ELEMENTARY 24 ANTIOCH MIDDLE GLENCLIFF HIGH BELL ROAD HAYWOOD ELEMENTARY WRIGHT MIDDLE TRISTAR SOUTHERN HILLS MEDICAL CENTER KROFT MIDDLE DESIGN CENTER 41A 38,000 4 25 39,671 NASHVILLE CITY CENTER MCMURRAY MIDDLE NO LE NS VI LL E 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. PI KE 5

Zoomed-Out Area Development Aerial IKEA NASHVILLE RENDERING THE ANTIOCH NEIGHBORHOOD OF NASHVILLE is undergoing significant development including an IKEA & Community Health Systems largest non-corporate offices in the country. Community Health Systems is the 2nd largest hospital in the United States and is a Fortune 200 company. Their facility just opened and is a 6 story, 240,000 square foot office building which will house 2,000 employees. In addition to this, there is another 30,000,000 square feet of retail and office space approved, and will be centered around a renovated Hickory Hollow Parkway (Exit 60) Interchange, which will soon provide easy access to both sides of I-24. Other major employers that have come to town include Asurion, HCA (the largest hospital company in the U.S.), and Bridgestone Americas. HCA just filed an application April 4th, 2018 to build a new $14M facility in town as well. On the retail front, IKEA has broken ground on a new 341,000 square foot store, which will be the largest single-tenant retail building in Tennessee upon completion. There are a variety of other tenants expected to join IKEA as they typically draw from an 80-mile radius for shoppers. Centrally located in the heart of Nashville s fastest growth corridor, and extremely accessible to a 4-county area, the Antioch neighborhood of Nashville is seeing tremendous population growth due to the amount of job growth in the market as evidenced by the new IKEA and the 2 largest hospitals in the United States opening major office & medical facilities. REPRESENTATIVE PHOTO 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

Surrounding Retail 7

Income & Expense REPRESENTATIVE PHOTO PRICE $2,602,708 Capitalization Rate: 6.50% Total Rentable Area (SF): 1,650 Lot Size (AC): 1.00 STABILIZED INCOME Scheduled Rent $169,176 Effective Gross Income $169,176 LESS Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses NNN $0.00 EQUALS NET OPERATING INCOME $169,176 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. REPRESENTATIVE PHOTO 8

Rent Roll TENANT INFO LEASE TERMS RENT SUMMARY TENANT NAME SQ. FT. CURRENT RENT MONTHLY RENT YEARLY RENT Taco John s 1,650 1 $169,176 $14,098 $169,176 Years 2-20 2% Annual Rental Increases TOTALS: 1,650 $169,176 $14,098 $169,176 *Tenant shall have three 5-year options. **Rent commencement scheduled for July 10th, 2018 ***This is a 20 year lease with 2% annual rental increases 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. 9

Lease Abstract PREMISES & TERM TENANT Taco John s BUILDING SF 1,650 SF LEASE TYPE Absolute NNN TERM 20 Years RENT COMMENCEMENT Approximately July 10th, 2018 EXPIRATION Approximately July 30th, 2038 OPTIONS Three 5-year Options RENT BASE RENT DATE RANGE MONTHLY RENT ANNUAL RENT 1 $14,098 $169,176 2-20 2% Annual Rental Increases 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. EXPENSES LEASE PROVISIONS TAXES Tenant is responsible for the direct payment of property taxes to the taxing authority at least 20 days prior to the delinquency date. INSURANCE Tenant is responsible for maintaining the property and all-risk liability policies alongside a policy of rental value insurance covering a period of 6 months, with loss payable to Landlord, which insurance shall also cover all real estate taxes and insurance for said period. UTILITIES Tenant is responsible for direct payment of all utilities to appropriate billing authority. TENANT S OBLIGATIONS Tenant is responsible for all maintenance and repair to the entirety of the Premises, including all interior and exterior, structural, and nonstructural repairs and replacement. LANDLORD S OBLIGATIONS Zero Landlord maintenance or management responsibilities. 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. 10

HAMILTON CROSSING Site Plan 27,000 NOT A PART 1,650 RENTABLE SF HAMILTON CHURCH ROAD 1.00 ACRES NOT A PART 17 SPACES 32,769 70S 41 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. 11

Tenant Overview TACO JOHN S Taco John s is a fast food Mexican restaurant chain known for bold, Mexican-inspired flavors and fresh ingredients that keep customers coming in for breakfast, lunch, and dinner. Founded in 1968 as a small taco stand in Cheyenne, WY, Taco John s restaurants began popping up across the Midwest, evolving to include drive-thrus, interior seating and bold originals like Potato Olés and Nachos Navidad. Today Taco John s operates and franchises nearly 400 quick-service restaurants in 25 states, making it one of the largest Mexican quick service restaurant brands in America. At the beginning of 2018 they announced a 100-restaurant franchise agreement, which will bring dozens of QSR Mexican franchises into new territories along the Eastern seaboard. 400 LOCATIONS IN 27 STATES ABOUT THE OPERATOR / GUARANTORS REPRESENTATIVE PHOTO 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. The respective guarantors are Richard Reeves, Larry Lavigne, and Power Restaurant Group whom have a combined 50+ years of restaurant experience operating over 200 restaurants in their collective histories. The combined net worth of the two guarantors is over $15M. Power Restaurant Group whom has 25 fast food restaurants open or under construction also is a guarantor on the lease. 12

Demographics POPULATION 1-MILE 3-MILES 5-MILES 2010 9,700 67,365 135,010 2017 11,057 77,929 153,090 NASHVILLE (24 MINS 15 MILES) 2022 11,799 84,485 166,197 2017 HH INCOME 1-MILE 3-MILES 5-MILES Average $54,406 $60,958 $61,983 ANTIOCH Median $43,355 $48,775 $49,940 NASHVILLE MSA TOP EMPLOYERS EMPLOYER Vanderbilt University & Medical Center Nissan North America HCA Holdings Inc. Saint Thomas Health Randstad Staffing THE AVERAGE HOUSEHOLD INCOME WITHIN A 5-MILE RADIUS IS OVER $61K 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. 13

Location Overview ANTIOCH, TENNESSEE NASHVILLE, TN ANTIOCH is a community in Davidson County, 12 miles southeast of Nashville. Antioch s population has been growing faster than anywhere else in the Nashville- Davidson County metro area. Anitoch is seeing major investments by companies such as IKEA, Bridgestone, and Community Health Systems, as well as a new 600-acre regional park. The former Hickory Hollow Mall has been redeveloped into the Commons at the Crossings, with a state-of-the-art 30,000 SF Library, Community Recreation Center, and the Ford Ice Center which features 2 full-size ice rinks. Additionally, the area is seeing infrastructure improvements to help support the influx of residents and visitors to Antioch. ABOUT NASHVILLE NASHVILLE is a center for health care, publishing, banking, and transportation industries, and is home to numerous colleges and universities. It is known as a center of the music industry, earning it the nickname Music City. Nashville s music industry is estimated to have a total economic impact of $6.4 billion per year and to contribute 19,000 jobs to the Nashville area. Nashville is home to more than 250 health care companies, including Hospital Corporation of America, the largest private operator of hospitals in the world. Fortune 500 companies within Nashville include Dell, HCA Inc. and Dollar General Corporation. 1,830,345 NASHVILLE 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. 14

We d love to hear from you. JOE CACCAMO jcaccamo@capitalpacific.com PH: 415.274.7394 CA BRE # 01191110 JOHN ANDREINI jandreini@capitalpacific.com PH: 415.274.2715 CA BRE # 01440360 IN CONJUNCTION WITH TN LICENSED BROKER: Kevin Fulton Market Retail Partners 615.345.4455 kfulton@marketretailpartners.com CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM: ZEB RIPPLE CHRIS KOSTANECKI CHRIS PETERS JOHN ANDREINI JOE CACCAMO DAVE LUCAS Copyright 2018 Capital Pacific Partners ZANDY SMITH RICK SANNER JACK NAVARRA 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. CAPITALPACIFIC.COM