The Definitive Guide to Quick Lube Rents

QUICK LUBE

THE DEFINITIVE GUIDE TO RENTS DAVID CANTU ASSOCIATE

(512) 535-3606 • david.cantu@matthews.com License No. 734269

WHAT’S IN THIS GUIDE? Since its inception, this guide has been the industry standard for aiding investors in understanding the position of their assets in the overall market. Utilized by institutional and professional investors, developers, and private clients, this guide provides the data and resources necessary to make informed investment decisions effectively as you navigate the Quick Lube property market. Whether you’re the owner of a single Quick Lube property or a large portfolio, The Definitive Guide to Quick Lube Rents will provide you with immediate actionable information to:

PROTECT YOUR CASH FLOW

INCREASE YOUR LEVERAGE AS AN OWNER

PROTECT YOUR WEALTH

Ultimately, you will thoroughly understand where your Quick Lube investment stands and how to plan for the future.

TA B L E O F C O N T E N T S 03

A B O U T M AT T H E W S TM

05

Q U I C K LU B E I N D U S T R Y AT A G L A N C E

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RENT DISTRIBUTION

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U N D E R S TA N D I N G T H E B I G P I C T U R E

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SAMPLE RENTS

DISCLAIMER: This information has been produced by Matthews REIS™ solely for information purposes and the information contained has been obtained from public sources believed to be reliable. While we do not doubt their accuracy, we have not verified such information. No guarantee, warranty or representation, expressed or implied, is made as to the accuracy or completeness of any information contained and Matthews REIS™ shall not be liable to any reader or third party in any way.

This information is not intended to be a complete description of the markets or developments to which it refers. All rights to the material are reserved and cannot be reproduced without prior written consent of Matthews REIS™.

THE DEFINITIVE GUIDE TO RENTS

ABOUT MATTHEWS™ Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance.

Matthews™ delivers superior results through the firm’s industry revered work ethic, unique culture, collaboration, and advanced technology. Since 2015, Matthews™ has experienced unprecedented growth adding over 400 real estate professionals to serve clients. Founded in El Segundo, CA, and strategically positioned in 13 offices across the United States, Matthews™ continues to expand into new markets. Matthews™ redefines what clients expect by accelerating the evolution of how the commercial real estate industry services clients through technology. By leveraging technology and industry-leading resources, Matthews™ is committed to growing and preserving client wealth and adding value to their investment strategy.

FULL SERVICE REAL ESTATE SOLUTIONS Our centralized client services foster specialization and collaboration across all divisions to provide an array of commercial real estate solutions for our clients.

NET LEASE RETAIL

H E A LT H C A R E

SHOPPING CENTERS

OFFICE

A PA R T M E N T S

SELF-STORAGE

INDUSTRIAL

LEASING

DEBT & STRUCTURED FINANCE

EQUITY

PROVEN TRACK RECORD Our professional team of agents have many years of experience with representing the top institutions, developers, and private clients in commercial real estate. We hire the best and provide them with top of the line support, systems, and materials – with the goal of exceeding expectations.

+8,940

TRANSACTIONS

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400

AGENTS

AVERAGE CLOSE PRICE IS WITHIN

3% OF LISTING PRICE

400,000

CLIENT BUYER DATABASE

$22.8 BILLION IN DEALS CLOSED

QUICK LUBE

DAVID CANTU ASSOCIATE | NET LEASE RETAIL DIRECT (512) 535-3606 MOBILE (214) 725-1395 EMAIL david.cantu@matthews.com

AREA OVERVIEW David Cantu serves as an associate for Matthews™, specializing in quick-service restaurants across the country. David has a strong entrepreneurial and financial mindset that he uses to advise his clients on making investment decisions. His market knowledge, unrelenting work ethic, and professionalism have leveraged his relationships with private investors, developers, institutions, and 1031 exchange buyers to better position his clients in their investment strategies and goals.

Prior to joining Matthews™, David was a net lease advisor and analyst for Sands Investment Group, specializing in automotive service properties. While attending the University of Texas, David interned for Worth Ross Management, which manages high-rise condominiums in Austin, Dallas, San Antonio, and Denver. He then transitioned into an assistant and licensed agent for an Austin Residential Realtor at Spyglass.

Texas Real Estate Commission License No. 734269

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THE DEFINITIVE GUIDE TO RENTS

QUICK LUBE INDUSTRY AT A GLANCE Though the industry took a hit in 2020 from the COVID-19 pandemic, the quick lube industry is expected to grow by 2.3% annually to reach $8 billion in revenue by 2026, according to IBISWorld. Auto care industry shifts influenced by the pandemic have presented new opportunities, including e-commerce growth, vehicle maintenance delays, increased average vehicle age, and more miles driven. An expected decline in the national unemployment rate during the outlook period, coupled with a rise in consumer spending, will likely increase the number of vehicles on the road as more individuals look to afford personal transportation. However, warehouse clubs are expected to rise as external competitors pose a threat to industry operators.

From 2016 to 2021, industry demand has become dependent on the number of vehicles and total mileage as oil change and maintenance services are carried out periodically after vehicles reach a certain mile threshold. Prior to 2020, declining oil prices encouraged vehicle owners to drive their vehicles rather than using ride sharing platforms or public transportation. Therefore, higher vehicle usage over the last five years led to an increased need for oil change services, benefiting industry growth.

The average cap rate for auto repair trades in 2021 is 6.5% and $194 per square foot. The total transaction volume year-to-date is $2.9 billion, compared to $2.8 billion in 2020.

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With electric vehicles revolutionizing the automotive industry, auto service providers will need to implement training programs for skilled technicians to enhance the conventional auto technician with the necessary skills to maintain an electric vehicle.

The electric vehicle era presents immense opportunities, as they come with their own set of repairs, including glass, technology, battery chips, tires, and more.

KEY SUCCESS FACTORS Quality Service: Companies that focus on customer service will secure repeat customers.

Pricing Flexibility: Consumers base their oil change and other automobile maintenance decisions on price. Companies that are able to charge a lower price are more likely to win the customer’s business.

Location: Being located on busy motorways is an important means for increasing visibility and attracting new customers.

Franchise Opportunities: Enterprises that are able to franchise operations will gain a larger customer base and greater wholesale purchasing power.

Reputation: Having a good reputation will put a company ahead of its competition.

In this industry, a positive reputation comes from quality service and fair pricing.

Specialized Equipment or Facilities: Particularly in specialty fields like diagnostics, access to the latest technology can offer significant advantages, such as decreasing the amount of time spent on each vehicle.

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Q UH I COKO LT U EB RS E

JIFFY LUBE

RENT DISTRIBUTION $9,690.14

$14,074.11

$5,306.16

$922.18

$18,458.09

ZONE 1

ZONE 2

ZONE 3

ZONE 4

ZONE 5

ZONE 6

Less rent than 98% of all Jiffy Lube properties.

Less rent than 2% - 16% of all Jiffy Lube properties.

Less rent than 16% - 50% of all Jiffy Lube properties.

Higher rent than 50% - 84% of all Jiffy Lube properties.

Higher rent than 84% - 98% of all Jiffy Lube properties.

Higher rent than 98% of all Jiffy Lube properties.

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THE DEFINITIVE GUIDE TO RENTS

VALVOLINE

RENT DISTRIBUTION $7,851.99

$11,314.85

$4,389.14

$926.29

7

$14,777.70

ZONE 1

ZONE 2

ZONE 3

ZONE 4

ZONE 5

ZONE 6

Less rent than 98% of all Valvoline properties.

Less rent than 2% - 16% of all Valvoline properties.

Less rent than 16% - 50% of all Valvoline properties.

Higher rent than 50% - 84% of all Valvoline properties.

Higher rent than 84% - 98% of all Valvoline properties.

Higher rent than 98% of all Valvoline properties.

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QUICK LUBE

TAKE 5 OIL CHANGE

RENT DISTRIBUTION $6,439.88

$8,567.14

$4,312.62

$2,185.53

$10,694.40

ZONE 1

ZONE 2

ZONE 3

ZONE 4

ZONE 5

ZONE 6

Less rent than 98% of all Take 5 Oil Change properties.

Less rent than 2% - 16% of all Take 5 Oil Change properties.

Less rent than 16% - 50% of all Take 5 Oil Change properties.

Higher rent than 50% - 84% of all Take 5 Oil Change properties.

Higher rent than 84% - 98% of all Take 5 Oil Change properties.

Higher rent than 98% of all Take 5 Oil Change properties.

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THE DEFINITIVE GUIDE TO RENTS

GRE ASE M ONKE Y

RENT DISTRIBUTION $7,875.97

$12,580.76

$3,171.17

-$1,533.61

9

$17,285.55

ZONE 1

ZONE 2

ZONE 3

ZONE 4

ZONE 5

ZONE 6

Less rent than 98% of all Grease Monkey properties.

Less rent than 2% - 16% of all Grease Monkey properties.

Less rent than 16% - 50% of all Grease Monkey properties.

Higher rent than 50% - 84% of all Grease Monkey properties.

Higher rent than 84% - 98% of all Grease Monkey properties.

Higher rent than 98% of all Grease Monkey properties.

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QUICK LUBE

UNDERSTANDING THE BIG PICTURE O C C U PA N CY C O S T ( R E N T ) Occupancy cost is simply defined as all costs related to a tenant occupying a space, including rent, taxes, insurance, maintenance, etc. One of the largest expenses a retailer will incur is the rent paid by the tenant to the landlord. Low rent is advantageous for you as a landlord because it keeps the operator’s expenses low, allowing for greater profitability at a location. When your tenant is profitable, they continue to operate out of the space preserving your equity in your investment. On the other hand, high rent attaches additional risk as there is higher probability of store failure and termination of the lease.

A N A LY Z I N G Y O U R Q U I C K L U B E P R O P E R T Y After reviewing the bell curve on the previous page, one is able to see that the average rent is: Tenant

Rent

Jiffy Lube

$9,809.38

Valvoline

$8,372.03

Take 5 Oil Change

$6,595.62

Grease Monkey

$8,502.03

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THE DEFINITIVE GUIDE TO RENTS

JIFFY LUBE

SAMPLE RENTS

11

Property Address

Property City

State

SF

Rent/SF

Monthly Rent

Asking Cap

Actual Cap Rate

SEQ FM 529 & Fry Rd 1672 3rd St S 913 William D Fitch Pkwy 10512 SE Mill Plain Blvd (Portfolio) 7007 E Bird St 521 NE 181st Ave 518 S Main St 3420 S Rainbow Blvd 6630 N 72nd St 1423 E San Marnan Dr 735 W Hallandale Beach Blvd 309 Auburn Way S 115 E Van Buren St 1408 Hecla Way 5805 Independence St 1244 Robert St S 2355 S Federal Blvd 645 Rogers St 4513 Highway 6 N 9005-9013 Sunland Blvd (Portfolio) 452 Western Blvd 9420 Ulmerton Rd 42100 W Maricopa Casa Grande Hwy 17317 Smokey Point Blvd 2901 N Carson St 115 E Van Buren St 0 Pine Ave 7001 265th St NW 2991 Fowler St 7007 E Bird St 5136 W Atlantic Ave 2411 Stirling Rd 2611 Fairfield St

Katy Jacksonville Beach College Station Vancouver Columbus Gresham O'Fallon Las Vegas Omaha Waterloo Hallandale Beach Auburn Avondale Louisville Arvada West Saint Paul Denver Lowell Houston Sun Valley Jacksonville Largo Maricopa Arlington Carson City Avondale Chino Stanwood Fort Myers Columbus Delray Beach Fort Lauderdale Lincoln

TX FL TX WA OH OR MO NV NE IA FL WA AZ CO CO MN CO MA TX CA NC FL AZ WA NV AZ CA WA FL OH FL FL NE

4,042 2,068 4,375 11,932 1,612 2,138 1,742 2,053 3,006 1,545 2,024 1,428 1,947 4,128 1,808 3,376 4,327 2,485 1,936 17,178 1,972 2,187 3,400 1,344 1,936 1,947 2,805 1,344 2,894 1,612 3,154 1,633 2,000

$43.17 $61.09 $40.17 $18.57 $68.21 $41.47 $43.05 $19.00 $33.05 $41.34 $52.36 $99.10 $65.53 $25.68 $59.39 $17.77 $36.05 $22.54 $25.93 $14.92 $47.79 $58.02 $37.48 $61.98 $60.98 $59.66 $56.26 $63.94 $38.21 $78.22 $45.36 $65.58 $21.00

$14,542 $10,528 $14,645 $18,465 $9,163 $7,388 $6,250 $3,250 $8,278 $5,323 $8,831 $11,793 $10,633 $8,833 $8,948 $5,000 $13,000 $4,667 $4,183 $21,356 $7,853 $10,574 $10,619 $6,942 $9,838 $9,680 $13,151 $7,161 $9,214 $10,507 $11,922 $8,924 $3,500

5.45% 6.50% 5.00% 6.00% 6.25% 5.50% 6.50% 5.79% 7.75% 5.25% 6.75% 6.25% 7.00% 5.33% -

6.99% 5.15% 6.43% 5.50% 6.00% 6.00% 5.93% 7.52% 5.25% 6.82% 6.89% 6.60% 6.71% 7.90% 5.65% 7.00% 7.08% 6.03% 6.20% 5.33% 5.74% 5.95% 7.87% 7.17% 5.05% 6.30% 5.25% 9.17% 6.23% 5.50% 7.50%

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QUICK LUBE

JIFFY LUBE

SAMPLE RENTS Property Address

Property City

State

SF

Rent/SF

Monthly Rent

Asking Cap

Actual Cap Rate

3292 Virginia Beach Blvd 215 E Prater Way 7443 E Broadway Blvd 13803 Nacogdoches Rd 5710 W BRd St 3727 Auburn St 5921 San Pedro Ave 14409 NE Fourth Plain Blvd 36167 Date Palm Dr 7025 Seminole Blvd 7001 265th St NW (Portfolio) 17317 Smokey Point Blvd (Portfolio) 9919 Manchaca Rd 4806 S Union Ave 1711 Church St 715 W Oglethorpe Hwy 220 Riverstone Pkwy (Portfolio) 988 Duluth Hwy (Portfolio) 11345 New Halls Ferry Rd 35 - 45 W Combs Rd 3295 Ogden Ave 2621 S State Route 291 460 Alfred St 507 SE 10th Ave 7479 Egan Dr 3206 Austin Peay Hwy 8130 Goodman Rd 5710 Forest Bend Dr 2640 Kirby Whitten Rd 1850 Main St 1952 10th Ave N 12701 Telge Rd

Virginia Beach Sparks Tucson San Antonio Richmond Bakersfield San Antonio Vancouver Cathedral City Seminole Stanwood Arlington Austin Tulsa Conway Hinesville Canton Lawrenceville Florissant San Tan Valley Lisle Independence Biddeford Hillsboro Savage Memphis Olive Branch Arlington Memphis Ramona Myrtle Beach Cypress

VA NV AZ TX VA CA TX WA CA FL WA WA TX OK SC GA GA GA MO AZ IL MO ME OR MN TN MS TX TN CA SC TX

3,060 2,409 1,861 4,155 4,210 1,344 2,542 4,763 3,500 1,200 1,344 1,344 3,952 1,777 2,135 1,500 9,167 7,311 3,878 3,272 1,835 2,810 4,752 2,160 4,141 1,440 2,791 1,590 2,808 3,316 1,708 4,042

$25.56 $42.86 $31.40 $35.94 $33.97 $53.57 $15.45 $29.38 $21.65 $63.72 $50.98 $47.04 $38.10 $20.56 $20.64 $47.56 $32.73 $37.75 $26.28 $44.15 $25.50 $26.67 $51.85 $46.72 $37.75 $33.00 $43.38 $65.82 $14.11 $47.48 $64.60 $43.13

$6,517 $8,604 $4,870 $12,444 $11,917 $6,000 $3,274 $11,662 $6,316 $6,372 $5,709 $5,268 $12,547 $3,045 $3,672 $5,945 $25,000 $23,000 $8,492 $12,038 $3,900 $6,245 $20,533 $8,409 $13,027 $3,960 $10,089 $8,721 $3,302 $13,121 $9,194 $14,528

5.50% 5.45%

9.20% 7.00% 8.06% 7.50% 6.50% 7.20% 5.82% 5.56% 6.45% 5.6% 6.3% 5.95% 7.75% 6.96% 6.48% 6.89% 7.00% 7.00% 7.25% 5.4% 6.50% 6.50% 6.25% 5.85% 11.72% 8.64% 7.40% 6.44% 6.66% 5.04% M AT T H E W S ™

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THE DEFINITIVE GUIDE TO RENTS

JIFFY LUBE

SAMPLE RENTS

13

Property Address

Property City

State

SF

Rent/SF

Monthly Rent

Asking Cap

Actual Cap Rate

Jiffy Lube 3140 Maple Valley Dr 17221 S Golden Rd 889 N Kings Hwy St 1335 Versailles Rd 2119 Geneva St 12398 SW 8th St 15305 W 135th St 10312 SE 256th St 4821 Blanding Blvd 3240 John Williams Blvd 3936 W 5400 S 2415 Iowa St 54765 50th Ave 326 W Indiantown Rd 1540 Briargate Blvd 4611 Rib Mountain Dr 1332 W. Airport Rd 12544 30th Ave 4656 Calumet Ave 3700 North University Ave 4806 S Union Ave 12208 Meridian E 6818 S 180th St 2099 W Sims Way 1540 Briargate Blvd 84765 Ave 50 1645 N 51st Ave 12208 Meridian E (Part of Portfolio) 6818 S 180th St (Part of Portfolio) 2099 W Sims Way (Part of Portfolio) 1802 S Parsons Ave

Spring Madison Golden Cape Girardeau Frankfort Delavan Miami Olathe Kent Jacksonville Bedford Salt Lake City Lawrence Coachella Jupiter Colorado Springs Wausau Romeoville, Lake Hallie Manitowoc Provo Tulsa Puyallup Tukwila Port Townsend Colorado Springs Coachella Phoenix Puyallup Seattle Port Townsend Seffner

TX WI CO MO KY WI FL KS WA FL IN UT KS CA FL CO WI IL WI WI UT OK WA WA WA CO CA AZ WA WA WA FL

1,792 4,041 3,666 6,812 4,042 4,042 2,496 1,920 2,280 2,024 2,000 1,760 1,398 4,400 3,596 1,936 4,042 4,042 4,042 4,042 4,736 1,777 1,740 1,984 1,886 2,035 4,400 1,936 1,740 1,984 1,886 3,634

$58.62 $26.20 $16.59 $21.10 $42.06 $42.00 $47.16 $49.48 $63.80 $35.52 $79.70 $15.68 $32.85 $21.17 $29.61 $59.37 $45.88 $42.05 $43.74 $44.03 $23.53 $20.87 $128.54 $77.21 $52.85 $53.07 $21.17 $59.40 $86.10 $75.51 $79.44 $18.31

$8,755 $8,823 $5,068.25 $11,977.42 $14,168.58 $14,147.08 $9,808.67 $7,916.67 $12,122.75 $5,991.67 $13,283.67 $2,300 $3,826.83 $7,761.58 $8,873.42 $9,579.08 $15,454.33 $14,162.50 $14,733.42 $14,830.33 $9,286.25 $3,090.67 $18,638.33 $12,765.75 $8,305.58 $9,000 $7,761.58 $9,583.33 $12,484.83 $12,484.83 $12,484.83 $5,544.22

7.00% 8.83% 5.41% 6.00% 5.60% 5.00% 5.32% 7.48% 5.60% 4.42% 5.85% 7.00% 5.00% 5.60% 5.60% 5.60% 5.60% 5.00% 6.18% 6.00% 6.00% 6.00% 4.50% 6.00% 5.90% 6.00% 6.00% 6.00% -

5.28% 5.35% 5.75% 10.39% 6.69% 5.75% 4.42% 7.01% 6.92% 5.30% 9.13% 5.75% 5.91% 5.00% 6.62% 7.97% 6.00% 6.00% 6.92% 6.05% 6.00% 6.00% 6.00% 5.80%

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JIFFY LUBE

SAMPLE RENTS Property Address

Property City

State

SF

Rent/SF

Monthly Rent

Asking Cap

Actual Cap Rate

1268 E Ridge Rd 27 Lafayette Rd (Part of Portfolio) 5057 Bethel Rd SE 13560 Atlantic Blvd 1445 S 6th St 1335 Versailles Rd 1335 Versailles Rd 914 W 23rd St (Part of Portfolio) 1010 N 78th St (Part of Portfolio) 305 SE G St 1574 Palm Ave 1247 S Hairston Rd 920 N Mission St (Part of Multi-Property Sale) 746 S Mission St (Part of Multi-Property Sale) 1112 N Tx-336-loop 516 Wilderness Rd 4465 W Ina Rd 1301 N Frazier St 9950 S Rural Rd 24037 104th Ave SE 570 W Princeton Dr 3432 TX-114 13803 Nacogdoches 11219 Ranch Rd 2222 13015 NE Lake City Way 7210 Watson Rd (Part of Portfolio) 9998 Manchester Rd (Part of Portfolio) 424 N Delsea Dr 6209 Evergreen Way 13418 Palm Dr 570 W Princeton Dr 2111 W Washington St (Part of Portfolio)

Rochester North Hampton Port Orchard Jacksonville Macclenny Frankfort Frankfort Lawrence Kansas City Grants Pass San Diego Stone Mountain Wenatchee Wenatchee Conroe Nixa Tucson Conroe Tempe Kent Princeton Fort Worth San Antonio Austin Seattle Saint Louis Saint Louis Vineland Everett Desert Hot Springs Princeton Broken Arrow

NY NH WA FL FL KY KY KS KS OR CA GA WA WA TX MO AZ TX AZ WA TX TX TX TX WA MO MO NJ WA CA TX OK

4,042 10,606 4,243 1,543 1,504 4,042 4,042 1,692 2,913 4,673 4,376 2,024 1,764 1,726 1,468 4,042 2,250 1,421 1,568 2,008 4,024 4,042 1,947 2,521 2,610 3,412 1,860 1,965 1,422 1,936 4,024 2,625

$42.22 $22.53 $34.02 $54.82 $42.06 $45.14 $60.28 $35.02 $16.69 $34.28 $32.11 $37.61 $37.46 $91.96 $42.37 $35.56 $95.00 $76.93 $68.43 $46.49 $51.26 $102.72 $62.00 $49.63 $23.41 $37.42 $35.62 $63.45 $38.33 $46.49 $27.38

$14,222.67 $19,911.25 $12,028.58 $7,049 $3,194.10 $14,168.58 $15,203.58 $8,500 $8,500 $6,500 $12,500 $5,416.67 $5,529.16 $5,387.51 $11,250 $14,270.67 $6,667.42 $11,250 $10,052.30 $11,450 $15,591.08 $17,265.42 $16,666.67 $13,027.81 $10,795.83 $6,656 $5,800 $5,833.33 $7,519.08 $6,184.42 $15,591.08 $5,989.04

5.70% 7.28% 6.00% 6.50% 5.60% 6.85% 6.85% 6.50% 6.40% 6.55% 6.16% 5.80% 5.60% 5.50% 5.75% 6.75% 5.45% 5.45% 5.80% 5.75% 7.00% 7.00% 7.75% 6.50% 6.59% 5.60% 5.45% -

5.70% 7.00% 6.00% 6.80% 6.76% 5.65% 6.00% 6.00% 6.50% 5.17% 6.06% 6.55% 6.55% 5.60% 6.00% 6.75% 6.00% 5.45% 5.45% 5.80% 5.97% 6.51% 7.75% 7.75% 7.25% 6.94% 5.91% 5.45% 7.34% M AT T H E W S ™

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THE DEFINITIVE GUIDE TO RENTS

JIFFY LUBE

SAMPLE RENTS

15

Property Address

Property City

State

SF

Rent/SF

Monthly Rent

Asking Cap

Actual Cap Rate

11621 E 31st St (Part of Portfolio) 3418 E 10th St 2062 W Guadalupe Rd 4089 Lexington Rd 8301 Phoenix Ave 325 Marketplace Dr 1745 Bradford Ln SE Eagle Way 881 Oak Grove Rd 4320 S Durango Dr 205 Edgewood Dr 809 Keyser Ave 20602 S Cicero Ave 1270 W 400 S 955 N Main St 2390 East Conner 58 E Main St 3100 Sierra Hwy 11345 New Halls Ferry Rd 26990 S Dixie Hwy 1755 N New Florissant Rd 4000 S Military Trail 1349 Blackwood Clementon Rd 5763 Central Ave 3526 Bell Shoals Rd 1047 Williams Reserve Blvd 9736 S Dixie Hwy 5215 University Ave 3314 Palmer Hwy 55 N White Horse Pike 342 S BRd St

Tulsa Jeffersonville Mesa Nicholasville Fort Smith Henrietta Normal Bentonville Springdale Las Vegas Pineville Natchitoches Matteson Vernal Richfield Arlington Noblesville Milford Rosamond Florissant Homestead Florissant Lake Worth Clementon St. Petersburg Valrico Wadsworth Miami Cedar Falls Texas City Audubon Woodbury

OK IN AZ KY AR NY IL AR AR NV LA LA IL UT UT WA IN MA CA MO FL MO FL NJ FL FL OH FL IA TX NJ NJ

2,208 4,040 3,612 4,042 4,042 3,200 4,042 4,042 4,042 1,980 1,600 1,600 2,200 1,680 1,800 1,344 1,920 1,800 1,770 3,878 7,929 2,800 2,150 2,200 2,040 5,149 2,984 3,069 1,920 1,435 1,866 1,860

$28.12 $43.35 $28.14 $45.69 $37.92 $46.00 $46.00 $42.46 $38.96 $53.03 $26.70 $26.70 $38.41 $47.14 $33.33 $61.98 $43.79 $63.89 $41.02 $28.25 $26.75 $16.07 $61.67 $34.72 $45.10 $15.41 $20.11 $32.09 $22.34 $139.37 $32.88 $68.17

$5,173.87 $14,593.50 $8,470 $15,391.58 $12,774.17 $12,166.83 $15,587.83 $14,303.50 $13,121.58 $8,750 $3,559.58 $3,559.58 $7,041.67 $6,600 $5,000 $6,942 $7,007.17 $9,583.25 $6,050 $9,129.42 $17,674.83 $3,750 $11,048.67 $6,365.17 $7,667.75 $6,614.08 $5,000 $8,206.17 $3,573.75 $16,666.67 $5,112.17 $10,566.08

5.60% 7.40% 5.60% 5.55% 5.55% 5.60% 5.55% 5.55% 5.80% 7.50% 7.50% 6.50% 6.50% 6.50% 5.50% 6.00% 6.00% 9.69% 7.00% 5.00% 6.50% 5.25% 8.04% 5.50% 5.25% 4.74% 5.00% 6.25% 5.70% 6.17% 6.73%

7.34% 7.52% 6.15% 6.15% 6.15% 5.60% 5.55% 5.55% 5.79% -

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QUICK LUBE

JIFFY LUBE

SAMPLE RENTS Property Address

Property City

State

SF

Rent/SF

Monthly Rent

Asking Cap

Actual Cap Rate

11940 Riley St 915 NE Rice Rd 1830 SW Wanamaker Rd 13520 W 87th St Pkwy 3120 S 4th St 15734 Jackson Creek Pkwy 125 E Cypress Ave 2266 St Rd 2100 Marlton Pike E 906 E US Hwy 377 30 E 1400 N 4846 McKnight 2355 S Federal Blvd 1206 US-130 1824 Nagel Rd Jiffy Lube and Gas Station 30622 Lyon Center Dr E 7836 W Lower Buckeye Rd 4933 S Scatterfield Rd

Overland Park Lee's Summit Topeka Lenexa Leavenworth Monument Redding Bensalem Cherry Hill Granbury Logan Pittsburgh Denver Cinnaminson Avon New Hudson Phoenix Anderson

KS MO KS KS KS CO CA PA NJ TX UT PA CO NJ OH MI AZ IN

2,200 2,238 1,818 1,805 1,889 3,500 1,936 2,518 1,712 1,650 2,000 4,000 4,327 4,000 4,262 4,478 3,734 2,539 1,440

$39.59 $53.42 $48.90 $54.05 $43.47 $34.14 $61.98 $46.19 $40.63 $40.75 $54.00 $23.82 $36.05 $16.25 $50.67 $26.35 $57.85 $65.41 $29.07

$7,258 $9,962 $7,408 $8,130 $6,843 $9,958.67 $10,000 $9,692.42 $5,796 $5,602.67 $9,000 $7,940.75 $13,000 $5,416.67 $17,997.92 $9,833.33 $18,001.67 $13,840.14 $3,488.50

6.75% 5.50% 6.00% 6.65% 7.25% 6.50% 5.00% 6.75% 5.00% 4.50% 5.25% 5.25% 7.12% 6.00%

6.72% -

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16

THE DEFINITIVE GUIDE TO RENTS

V A LV O L I N E

SAMPLE RENTS

17

Property Address

Property City

State

SF

Rent/SF

Monthly Rent

Asking Cap

Actual Cap Rate

3911 S Hamilton Rd 2370 E Main St 9835 N Michigan Rd 2501 W Hundred Rd 6011 W 12th St 1713 W DeWitt Henry Dr 201 Plaza Blvd 513 N JP Wright Loop Rd 307 W Hudson Rd 7737 Firestone Blvd Townsen & US Hwy 59 Frontage Rd 13357 Beach Blvd 2117 N Argonne Rd 12980 S US Hwy 301 112 S 68th St 29295 Central Ave 3804 W 11th Ave 124 W Hanley Ave (Portfolio) 2181 Delaware Ave 14949 Bear Valley Rd 1613 Union Ave 7612 In-311 Hwy 3305 Dr M L King Jr Blvd 12972 Newport Ave 5380 Sepulveda Blvd 9531 W 87th St 2104 SW Brandywine Ln 1805 W Island Green 10150 Wornall Rd 8700 W University Dr 4206 Franklin Rd SW 601 Shenandoah Village Dr

Groveport Plainfield Carmel Chester Little Rock Beebe Cabot Jacksonville Rogers Downey Humble Jacksonville Spokane Valley Riverview Milwaukee Lake Elsinore Eugene Coeur d'Alene Buffalo Hesperia Memphis Sellersburg New Bern Tustin Culver City Overland Topeka Meridian Kansas City McKinney Roanoke Waynesboro

OH IN IN VA AR AR AR AR AR CA TX FL WA FL WI CA OR ID NY CA TN IN NC CA CA KS KS ID MO TX VA VA

2,089 1,666 2,077 1,668 1,600 2,800 1,891 2,580 1,800 2,590 2,100 6,201 1,592 1,146 5,142 2,000 3,057 1,496 1,225 1,878 2,000 1,357 2,334 1,800 3,138 3,685 3,422 3,178 4,092 2,108 1,668 1,700

$35.90 $42.02 $43.33 $53.96 $22.50 $9.86 $30.46 $13.95 $34.67 $46.33 $42.86 $21.33 $51.44 $61.85 $37.28 $49.64 $25.51 $44.37 $21.55 $60.70 $47.50 $47.84 $30.07 $100.70 $22.56 $21.98 $20.46 $33.04 $23.94 $42.67 $44.06 $44.12

$6,250 $5,833 $7,500 $7,500 $3,000 $2,300 $4,800 $3,000 $5,200 $10,000 $7,500 $11,023 $6,825 $5,906 $15,973 $8,273 $6,499 $5,531 $2,200 $9,500 $7,917 $5,409.84 $5,675.83 $15,105.33 $5,900 $6,750.83 $5,834.58 $8,750 $8,164 $7,495.83 $6,125 $6,250

5.00% 5.00% 7.50% 7.50% 7.50% 7.50% 7.50% 4.70% 5.50% 5.75% 5.32% 6.50% 5.50% 7.90% 5.00% 5.00% 7.50% 5.15% 5.50% 4.50% 5.14% 5.15% 5.00%

5.25% 5.25% 5.00% 5.29% 7.50% 7.50% 7.50% 7.50% 7.50% 5.00% 5.54% 5.65% 5.74% 5.25% 6.97% 5.50% 7.09% 7.00% 6.00% 6.64% 5.66% 5.25% 6.89% 5.20% 5.44% 5.00%

M AT T H E W S ™

QUICK LUBE

V A LV O L I N E

SAMPLE RENTS Property Address

Property City

State

SF

Rent/SF

Monthly Rent

Asking Cap

Actual Cap Rate

885 Blanding Blvd 8647 Blanding Blvd 7125 96th St 19321 W Bellfort St 7065 E US Highway 36 3911 S Hamilton Rd 2370 E Main St 1701 Pacific Coast Hwy 9835 N Michigan Rd 6100 N Port Washington Rd 1700 E North Ave 401 Kings Hwy 2457 W Loop 281 12409 TX-64 1506 E End Blvd S 1898 Airline Dr 6715 S Broadway Ave 894 TN-92 23711 Katy Fwy 159 Valley Mall Pkwy 402 SE State Route 291 301 Ridgewalk Pkwy 2299 TX-121 1925 GA-20 2325 Sun Valley Dr 400 E 17th St 3504 Central Ave 750 S Meadows Pkwy 508 Garrisonville Rd 20876 E Queen Creek Rd 12972 Newport Ave 2615 Sycamore Rd

Orange Park Jacksonville Indianapolis Richmond Avon Groveport Plainfield Lomita Carmel Glendale Milwaukee Shreveport Longview Tyler Marshall Bossier City Tyler Dandridge Houston East Wenatchee Lees Summit Woodstock Euless Conyers Delafield Costa Mesa Riverside Reno Stafford Queen Creek Tustin DeKalb

FL FL IN TX IN OH IN CA IN WI WI LA TX TX TX LA TX TN TX WA MO GA TX GA WI CA CA NV VA AZ CA IL

5,000 2,067 2,100 2,019 1,674 2,400 1,666 3,600 2,077 2420 3,690 1,505 2,024 2,173 1,925 4,660 1,713 2,310 2,087 3,784 1,560 2,080 1,352 2,087 8,194 1,725 1,909 1,700 1,664 2,100 1,800 2,242

$23.50 $60.96 $40.00 $43.34 $38.83 $31.25 $42.02 $45.72 $43.33 $70.58 $30.49 $47.14 $25.40 $25.35 $32.61 $16.38 $39.90 $30.30 $59.89 $25.64 $93.59 $52.88 $66.57 $50.31 $28.23 $81.11 $96.90 $21.18 $70.61 $39.05 $100.70 $35.06

$9,791.67 $10,500 $7,000 $7,291.17 $5,416.67 $6,250 $5,833.33 $13,715.63 $7,500 $14,234 $9,375.83 $5,912.25 $4,284.92 $4,590.17 $5,231.08 $6,362.25 $5,695.17 $5,833.33 $10,416.67 $8,085 $12,166.67 $9,166.67 $7,500 $8,750 $19,276.92 $11,660 $15,415.58 $3,000 $9,791.67 $6,833.33 $15,105.33 $6,551.17

5.75%

6.00% 6.00% 5.00% 4.85% 5.25% 5.25% 4.75% 5.00% 7.00% -

5.00% 5.25% 5.00% 5.00% 7.00% 6.50% 6.50% 6.50% 6.75% 6.75% 6.25% 5.74% 4.35% 5.70% 5.20% 4.75% 4.50% 4.75% 7.00% 4.50% 5.25% 4.50% 4.00% 4.75% 6.58%

M AT T H E W S ™

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THE DEFINITIVE GUIDE TO RENTS

TA K E 5 O I L C H A N G E

SAMPLE RENTS

19

Property Address

Property City

State

SF

Rent/SF

Monthly Rent

Asking Cap

Actual Cap Rate

14011 Walsingham Rd 2060 W Spring Creek Pkwy 3601 Havendale Blvd 8955 Hickory St 760 Beal Pkwy 2355 W Hillsborough Ave 1500 W Pinhook Rd 5028 US Hwy 19 16164 County Line Rd 1565 11th St 1897 Martin Luther King Jr Blvd 2213 Kaliste Saloom Rd 10241 Two Notch Rd 3601 Havendale Blvd 3949 Airport Blvd 2112 O'Neal Ln 112 S Morrison Blvd 2317 Crawfordville Hwy 2703 Airport Rd 8716 South Tryon St 3131 Washington Rd 606 N Berkeley Blvd 7701 N Navarro St 7569 Mentor Ave 1900 E Victory Dr 1792 Whiskey Rd 111 Southwest Pkwy 1500 W Pinhook Rd 4794 Raeford Rd 2920 52nd St 5309 Gunn Hwy 111 Southwest Pkwy

Largo Plano Auburndale Frisco Fort Walton Beach Tampa Lafayette New Port Richey Spring Hill Huntsville Houma Lafayette Columbia Auburndale Mobile Baton Rouge Hammond Crawfordville Dalton Chartlotte Augusta Goldsboro Victoria Mentor Savannah Aiken College Station Lafayette Fayetteville Kenosha Tampa College Station

FL TX FL TX FL FL LA FL FL TX LA LA SC FL AL LA LA FL GA NC GA NC TX OH GA SC TX LA NC WI FL TX

1,421 1,531 2,142 1,400 1,200 1,491 1,285 1,200 1,421 2,213 1,710 6,497 1,250 2,142 1,980 1,462 2,165 4,300 1,450 1,700 1,450 1,438 1,462 2,160 1,500 1,200 2,601 1,285 1,438 1,716 3,370 2,601

$62.28 $59.09 $31.16 $57.43 $37.91 $53.64 $36.37 $48.32 $52.82 $22.19 $35.67 $12.31 $60.00 $31.16 $42.41 $40.36 $31.83 $16.30 $81.03 $41.18 $41.38 $81.48 $47.88 $11.25 Ground Lease $50.00 $26.53 $36.37 $83.42 $32.00 $21.36 $26.53

$7,375 $7,540 $5,562 $6,700 $3,791 $6,665 $3,895 $4,832 $6,255 $4,093 $5,083 $6,667 $6,250 $5,562 $6,998 $4,917 $5,743 $5,842 $9,791.67 $5,833.33 $5,000 $9,764.25 $5,833.33 $2,024.88 $6,062.50 $5,000 $5,749.79 $3,895 $9,997 $4,617.58 $6,000 $5,749.79

6.00% 5.45% 5.50% 5.50% 5.25% 5.25% 5.60% 5.50% 5.55% 6.75% 5.40% 5.75% 5.25% 6.35% 6.00% 6.25% 7.12% 5.50% 5.00% 5.35% 5.90% 5.00% 4.85% 5.00% 5.25% 5.50% 6.00% 6.00% 5.50%

6.21% 5.75% 5.68% 5.76% 5.84% 5.75% 7.60% 5.77% 5.56% 5.55% 6.95% 4.19% 5.95% 5.50% 6.50% 5.05% 5.36% 7.60% 5.19% -

M AT T H E W S ™

QUICK LUBE

TA K E 5 O I L C H A N G E

SAMPLE RENTS

Property Address

Property City

State

SF

Rent/SF

Monthly Rent

Asking Cap

Actual Cap Rate

7124 Cliffdale Rd 5634 Yadkin Rd 2510 Lebanon Pike 9218 Spencer Hwy 3121 Macon Rd 2450 Augusta Rd 1561 W Martin Luther King Blvd 2059 Remount Rd 3311 Denton Hwy 3046 Lavon Dr 7124 Cliffdale Rd 5515 FM 1960 1142 Broad St 3696 Boiling Springs Rd 257 W Main St 2430 Lewisville Clemmons Rd 3075 Johnson Ferry Rd 369 Valley Hi Dr 4771 Fl-64 3608 E Colonial Dr 2301 S McKenzie St 3024 S Broadway Ext 4440 Market St 2101 Rankin Hwy 11330 Barker Cypress Rd 3640 Belt Line Rd 9218 Spencer Hwy 767 Bell Rd 1030 Edgewood Ave N 12251 Jones Rd 818 8th St 12521 Kuykendahl Rd

Fayetteville Fayetteville Nashville La Porte Columbus West Columbia Fayetteville Charleston Fort Worth Garland Fayetteville Humble Sumter Boiling Springs Hendersonville Clemmons Marietta San Antonio Bradenton Orlando Foley Edmond Wilmington Midland Cypress Dallas La Porte Antioch Jacksonville Houston Baraboo Houston

NC NC TN TX OH SC AR SC TX TX NC TX SC SC TN NC GA TX FL FL AL OK NC TX TX TX TX TN FL TX WI TX

1,438 2,883 1,200 2,000 5,000 1,438 2,000 1,935 2,550 1418 1,438 3,449 1,250 1,450 1,563 1,400 1,876 1,400 1,430 2,788 1,462 1,620 1,438 1,462 1,450 1,462 3,556 2,280 1,260 1,417 1,632 2,640

$83.05 $38.34 $56.50 $20.95 $14.12 $60.92 $32.50 $36.18 $28.02 $41.93 $83.03 $56.83 $72.06 $48.28 $43.83 $37.52 $29.60 $49.54 $72.00 $48.96 $44.49 $43.21 $86.68 $50.62 $44.83 $39.33 $11.78 $28.51 $33.33 $45.01 $25.74 $26.52

$9,952.27 $9,211.17 $5,650 $3,491.67 $5,882.81 $7,300.83 $5,416.67 $5,833.33 $5,955.08 $4,954.17 $9,949.74 $16,333.33 $7,506.63 $5,833.33 $5,708.33 $4,377.08 $4,627.50 $5,779.50 $8,625 $11,376.17 $5,420.35 $5,833.33 $10,386.67 $6,166.67 $5,417.50 $4,791.66 $3,491.67 $5,416.67 $3,500 $5,314.42 $3,500 $5,833.33

6.08% 5.75% 5.50% 5.25% 6.00% 5.00% 5.30% 5.75% 5.25% 5.50%

6.07% 6.08% 6.00% 5.02% 6.25% 5.50% 5.27% 5.45% 5.98% 5.61% 6.07% 5.75% 5.25% 6.06% 5.50% 6.17% 5.71% 5.70% 6.00% 5.38% 5.69% 6.08% 5.78% 5.91% 5.50% 4.30% 5.93% -

6.17% 5.50% 5.65% 5.75% 5.33% 5.71% 5.50% 5.99% 7.25% 5.50% 6.50% 5.40%

M AT T H E W S ™

20

THE DEFINITIVE GUIDE TO RENTS

TA K E 5 O I L C H A N G E

SAMPLE RENTS

21

Property Address

Property City

State

SF

Rent/SF

Monthly Rent

Asking Cap

Actual Cap Rate

7124 Cliffdale Rd 5634 Yadkin Rd 2510 Lebanon Pike 9218 Spencer Hwy 3121 Macon Rd 2450 Augusta Rd 1561 W Martin Luther King Blvd 2059 Remount Rd 3311 Denton Hwy 3046 Lavon Dr 7124 Cliffdale Rd 5515 FM 1960 1142 Broad St 3696 Boiling Springs Rd 257 W Main St 2430 Lewisville Clemmons Rd 3075 Johnson Ferry Rd 369 Valley Hi Dr 4771 Fl-64 3608 E Colonial Dr 2301 S McKenzie St 3024 S Broadway Ext 4440 Market St 2101 Rankin Hwy 11330 Barker Cypress Rd 3640 Belt Line Rd 9218 Spencer Hwy 767 Bell Rd 1030 Edgewood Ave N 12251 Jones Rd 818 8th St 12521 Kuykendahl Rd 3207 N Fry Rd

Fayetteville Fayetteville Nashville La Porte Columbus West Columbia Fayetteville Charleston Fort Worth Garland Fayetteville Humble Sumter Boiling Springs Hendersonville Clemmons Marietta San Antonio Bradenton Orlando Foley Edmond Wilmington Midland Cypress Dallas La Porte Antioch Jacksonville Houston Baraboo Houston Katy

NC NC TN TX OH SC AR SC TX TX NC TX SC SC TN NC GA TX FL FL AL OK NC TX TX TX TX TN FL TX WI TX TX

1,438 2,883 1,200 2,000 5,000 1,438 2,000 1,935 2,550 1418 1,438 3,449 1,250 1,450 1,563 1,400 1,876 1,400 1,430 2,788 1,462 1,620 1,438 1,462 1,450 1,462 3,556 2,280 1,260 1,417 1,632 2,640 3,256

$83.05 $38.34 $56.50 $20.95 $14.12 $60.92 $32.50 $36.18 $28.02 $41.93 $83.03 $56.83 $72.06 $48.28 $43.83 $37.52 $29.60 $49.54 $72.00 $48.96 $44.49 $43.21 $86.68 $50.62 $44.83 $39.33 $11.78 $28.51 $33.33 $45.01 $25.74 $26.52 $35.01

$9,952.27 $9,211.17 $5,650 $3,491.67 $5,882.81 $7,300.83 $5,416.67 $5,833.33 $5,955.08 $4,954.17 $9,949.74 $16,333.33 $7,506.63 $5,833.33 $5,708.33 $4,377.08 $4,627.50 $5,779.50 $8,625.00 $11,376.17 $5,420.35 $5,833.33 $10,386.67 $6,166.67 $5,417.50 $4,791.66 $3,491.67 $5,416.67 $3,500 $5,314.42 $3,500 $5,833.33 $9,500

6.08% 5.75% 5.50% 5.25% 6.00% 5.00% 5.30% 5.75% 5.25% 5.50%

6.07% 6.08% 6.00% 5.02% 6.25% 5.50% 5.27% 5.45% 5.98% 5.61% 6.07% 5.75% 5.25% 6.06% 5.50% 6.17% 5.71% 5.70% 6.00% 5.38% 5.69% 6.08% 5.78% 5.91% 5.50% 4.30% 5.93% -

M AT T H E W S ™

6.17% 5.50% 5.65% 5.75% 5.33% 5.71% 5.50% 5.99% 7.25% 5.50% 6.50% 5.40% 5.40%

QUICK LUBE

TA K E 5 O I L C H A N G E

SAMPLE RENTS

Property Address

Property City

State

SF

Rent/SF

Monthly Rent

Asking Cap

Actual Cap Rate

720 Sheldon Rd 2102 W Main St 803 W University Dr 3680 E Silver Springs Blvd 3150 S Alameda St 1740 S Tamiami Trail 8725 Mentor Ave 11911 E Dr Martin Luther King Jr Blvd 5202 Cortez Rd W 857 Warren Dr 7002 Wesley St 15207 FM 1825 2747 S Monroe St 105 W Brandon Blvd 17780 Bagley Rd 17588 Airline Hwy 8805 S McClintock Dr 1037 High St 1405 FM 1092 Rd 3600 W Stan Schlueter Loop 4100 N May Ave 973 N Wesleyan Blvd 14519 Bellaire Blvd 3008 N Main St 4803 E Chandler Blvd 100 Eglin Pkwy NE 2015 W Broad St 7416 Goodman Rd 3861 Stone Mountain Hwy 1530 W Laurel Ave 9600 N Milwaukee Ave 4504 LA-19 3901-3903 W. Baring Trace 3915 N Duke St

Channelview League City Denton Ocala Corpus Christi Venice Mentor Seffner Bradenton Warner Robins Greenville Pflugerville Tallahasee Brandon Cleveland Prairieville Tempe Wadsworth Missouri City Killeen Oklahoma City Rocky Mount Houston Liberty Phoenix Fort Walton Beach Athens Olive Branch Snellville Eunice Niles Zachary Peoria Durham

TX TX TX FL TX FL OH FL FL GA TX TX FL FL OH LA AZ OH TX TX OK NC TX TX AZ FL GA MS GA LA IL LA IL NC

2,280 3,212 1,074 841 1,460 1,650 2,734 1,462 1,596 1,824 1,462 1,800 1,748 1,654 1,610 1,456 3,500 1,500 1,680 1,100 1,560 1,425 2,340 2,631 1,460 1,421 1430 1,546 5,000 2,000 1,500 2,000 6,580 1,936

$50.00 $37.36 $74.49 $99.88 $34.25 $52.21 $23.29 $37.28 $45.11 $39.47 $47.88 $27.78 $27.35 $61.45 $49.52 $35.03 $22.86 $56.90 $33.00 $64.00 $46.00 $81.00 $34.00 $34.00 $71.92 $52.78 $50.70 $51.75 $24.00 $40.00 $58.08 $18.00 $18.79 $38.74

$9,500 $10,000 $6,666.67 $7,000 $4,166.67 $7,179.42 $5,306 $4,541.67 $6,000 $6,000 $5,833.33 $4,166.67 $3,983.92 $8,470 $6,644.17 $4,250 $6,666.67 $7,112.50 $4,583.33 $5,833.33 $6,000 $9,666.42 $6,562.50 $7,410.42 $8,750 $6,250 $6,041.67 $6,666.67 $10,000 $6,666.67 $7,260.42 $3,000 $10,304.50 $6,250

5.40% 5.35% 5.35% 10.24% 4.50% 5.15% 5.25% 4.75% 5.40% 6.25% 4.75% 5.50% 5.00% 4.62% 6.50% 6.00% 4.70% 5.75% 5.00% 4.75% 5.50% 5.80% 5.00% 4.75% 4.50% 4.50% 5.75% 5.50% 5.00% 5.0% 4.70% 6.02% 4.85%

6.00% M AT T H E W S ™

22

THE DEFINITIVE GUIDE TO RENTS

GREASE MONKEY

SAMPLE RENTS

23

Property Address

Property City

State

SF

Rent/SF

Monthly Rent

Asking Cap

Actual Cap Rate

9875 W Remington Pl 404 W Bromley Ln 8885 Washington St 4114 Bromley Ln 2520 8th Ave 3633 Peachtree Pkwy 1230 Ken Pratt Blvd 1160 Dexter St 12060 Colorado Blvd 10001 Jordan Rd 4323 Bells Ferry Rd NW 19502 FM 529 (Portfolio) 3633 Peachtree Pkwy 3610 W Lucas Dr 2928 S Glen Eagle Dr 6457 Old Jacksonville Hwy 13662 Colorado Blvd 416 E Loop 281 6230 159th St 1986 W Sunset Blvd 3633 Peachtree Pkwy 2327 Milton Ave 835 E Geneva Rd 2857 North Ave 948 US Hwy 271 N 503 E Tyler St 309 & 311 S Timberland Dr 2236 Mercantile Dr 417 W Royall Blvd 525 TX-31 801 West Bluff St 402 S Palestine St (and Texas Cafe)

Littleton Brighton Thornton Brighton Garden City Suwanee Longmont Fort Lupton Thornton Parker Kennesaw Katy Suwanee Beaumont West Valley City Tyler Thornton Longview Oak Forest Saint George Suwanee Janesville Carol Stream Grand Junction Gilmer Athens Lufkin Eau Claire Malakoff Chandler Woodville Athens

CO CO CO CO CO GA CO CO CO CO GA TX GA TX UT TX CO TX IL UT GA WI IL CO TX TX TX WI TX TX TX TX

8,692 1,882 1,785 2,500 1,400 2,555 3,744 2,305 1,956 2,847 2,400 2,200 2,555 1,680 2,100 2,045 2,432 3,842 1,800 4,266 2,555 1,830 3,600 2,361 2,805 4,905 6,616 4,416 1,674 1,320 1,408 10,394

$36.45 $56.96 $33.05 $38.00 $38.57 $44.32 $17.36 $19.96 $30.67 $21.07 $38.05 $21.82 $40.33 $24.31 $28.57 $24.66 $41.92 $14.74 $25.16 $30.94 $40.33 $36.07 $18.47 $32.05 $19.72 $22.67 $35.49 $11.96 $25.66 $64.86 $35.30 $10.04

$26,401 $8,933 $4,917 $7,917 $4,500 $9,436 $5,417 $3,833 $5,000 $5,000 $7,610 $4,000 $8,586 $3,403 $5,000 $4,202 $8,496 $4,718 $3,774 $11,000 $8,586 $5,500 $5,541.25 $6,306.33 $4,610.08 $9,265.42 $19,567.42 $4,400 $3,579.83 $7,134.92 $4,142.25 $8,698.25

9.90% 6.25% 6.00% 6.00% 6.00% 6.70% 6.00% 6.00% 5.50% 6.00% 6.50% 7.00% 6.35% 5.80% 5.75% 5.75% 6.00% 6.00% 6.35% 6.25% 6.15% 6.36% 5.90% 5.55% 6.25% 5.25% 5.65% 5.50% 6.00% 7.00%

10.70% 5.88% 6.30% 6.20% 6.30% 6.72% 6.40% 6.30% 5.50% 5.71% 7.16% 6.36% 6.00% 5.94% 5.75% 5.75% 6.12% 6.36% 6.25% 6.48% 6.44% -

M AT T H E W S ™

QUICK LUBE

GREASE MONKEY

SAMPLE RENTS Property Address

Property City

State

SF

Rent/SF

Monthly Rent

Asking Cap

Actual Cap Rate

5030 State Hwy 31 W 1401 N Prince St 11611 Main St 1111 W Round Grove Rd 3548 Gus Thomasson Rd 2712 K Ave, Plano, TX 6533 K Ave 1949 Frankford Rd E 3015 US-281 321 S Jeffers St

Tyler Clovis Roscoe Lewisville Mesquite Plano Plano Carrollton Marble Falls North Platte

TX NM IL TX TX TX TX TX TX NE

2,336 4,022 1,620 7,359 3,150 4,180 4,320 3,180 6,250 2,698

$30.69 $33.71 $18.52 $24.46 $34.29 $28.13 $27.78 $45.28 $32.64 $20.64

$5,975.08 $11,299.58 $2,500 $15,000 $9,000 $9,800 $10,000 $12,000 $17,000 $4,640.45

5.75% 14.82% 8.50% 5.25% 5.25% 5.25% 5.25% 5.25% 5.25% 6.01%

-

M AT T H E W S ™

24

QUICK LUBE

THE DEFINITIVE GUIDE TO RENTS DAVID CANTU ASSOCIATE

(512) 535-3606 • david.cantu@matthews.com License No. 734269