CBAC - Broadview Heights, OH

Representative Photo

BROADWAY HEIGHTS, OH

CHRISTIAN BROTHERS AUTOMOTIVE - BROADVIEW HEIGHTS

PRICING & FINANCIAL ANALYSIS

FINANCIAL ANALYSIS

CBAC - Broadview Heights 4965 Royalton Rd. Broadview Heights, OH 44147

Offering Summary Price Cap Rate Net Operating Income Year Built Lot Size

6.25% $166,200 2017 5,057 SF

PROPERTY DESCRIPTION

Gross Leasable Area

$2,660,000

Representative Photo

0.90 Acres

Annualized Operating Data Lease Summary Lease Term

15 Years

Lease Commencement

At Close of Escrow

Lease Expiration

15 Years from COE

Remaining Term

15 Years

Lease Type Increases Options Options to Purchase

Tenant 1.5% Starting in Yr 6 5 x 10 Year No

Net Operating Income

Annual $166,200 $168,693 $171,223 $173,792 $176,399 $179,045 $181,730 $184,456 $187,223 $190,031 $192,882

$166,200

Increase 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%

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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

MARKET OVERVIEW

Roof & Structure

NNN

Primary Term Yrs 1-5: Yr 6: Yr 7: Yr 8: Yr 9: Yr 10: Yr 11: Yr 12: Yr 13: Yr 14: Yr 15:

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CHRISTIAN BROTHERS AUTOMOTIVE - BROADVIEW HEIGHTS

TENANT & LEASE INFORMATION

FINANCIAL ANALYSIS

Tenant Summary Tenant Ownership

Christian Brothers Automotive Private

Market Cap

See Agent For Details

Sales Volume

See Agent For Details

Number of Locations Years In Business Headquarters Website

PROPERTY DESCRIPTION

Christian Brothers Automotive was founded in 1982 because there was a void in the auto repair industry.

Customer service and honest, genuine auto repair service was tough to find. They haven’t changed their focus in thirty years. They still have some of the original employees on board, and they still believe that it’s possible to provide the best auto repair service with the best customer service. In 2008, Christian Brothers announced a growth initiative that would take their brand to approximately 175 stores throughout the southeast, lower midwest and southwest United States by 2017.

160+ 35+ Years Houston, TX www.cbac.com

MARKET OVERVIEW 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

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INVESTMENT HIGHLIGHTS

CHRISTIAN BROTHERS AUTOMOTIVE - BROADVIEW HEIGHTS

FINANCIAL ANALYSIS

• Long-Term Absolute Triple-Net Lease • Zero Landlord Responsibility • 15-Year Primary Term with Options up to 65 Years • One and One-Half Percent Annual Rent Escalations Starting Year 6

PROPERTY DESCRIPTION

• Strong Corporate Guarantee • Christian Brothers started in 1982, is Growing at 15-20 Locations per Year, Currently Has Over 165 Locations and Never Closed a Store • Average Household Income in 1 mile Radius is More Than $139,500, Almost Double the National Average • Located Adjacent Supermarket

to

Giant

Eagle

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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

MARKET OVERVIEW

• Just off the Crossroads of I-77 & Highway 82 with Traffic Counts Exceeding 77,000 & 31,500 Vehicles Per Day

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ELEVATION

CHRISTIAN BROTHERS AUTOMOTIVE - BROADVIEW HEIGHTS

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW

Note: this is the generic evelation plan for a typical Christian Brothers Automotive location. Actual subject property may vary depending on location.

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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

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SITE PLAN

CHRISTIAN BROTHERS AUTOMOTIVE - BROADVIEW HEIGHTS

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW

Note: this is the generic site plan for all Christian Brothers Automotive locations. Actual subject property may vary depending on location.

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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

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AERIAL MAP

CHRISTIAN BROTHERS AUTOMOTIVE - BROADVIEW HEIGHTS

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

Vatterott College

MARKET OVERVIEW 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

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LOCAL MAP

CHRISTIAN BROTHERS AUTOMOTIVE - BROADVIEW HEIGHTS

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

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REGIONAL MAP

CHRISTIAN BROTHERS AUTOMOTIVE - BROADVIEW HEIGHTS

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

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MARKET SUMMARY

CHRISTIAN BROTHERS AUTOMOTIVE - BROADVIEW HEIGHTS

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

CLEVELAND, OH Cleveland, OH is located on the southern shore of Lake Erie and is approximately 60 west of the Pennslyvania border. The city is the second-largest city, with a population of 388,072, in Ohio after Columbus.

Cleveland is home to the corporate headquarters of many large companies such as Applied Industrial Technologies, Cliffs Natural Resources, Forest City Enterprises, NACCO Industries, Sherwin-Williams Company and KeyCorp.

NASA maintains a facility in Cleveland, the Glenn Research Center. Jones Day, one of the largest law firms in the US, began in Cleveland. In 2007, Cleveland’s commercial real

Cleveland is home to Playhouse Square Center, the second largest performing arts center in the United States behind New York City’s Lincoln Center. Playhouse Square includes the State, Palace, Allen, Hanna, and Ohio theaters within what is known as the Cleveland Theater District. Playhouse Square’s resident performing arts companies include Cleveland Play House, Cleveland State University Department of Theatre and Dance, and Great Lakes Theater Festival. The center hosts various Broadway musicals, special concerts, speaking engagements, and other events throughout the year.

MARKET OVERVIEW

Cleveland’s location on the Cuyahoga River and Lake Erie has been key to its growth. The Port of Cleveland, located at the Cuyahoga River’s mouth, is a major bulk freight terminal on Lake Erie, receiving much of the raw materials used by the region’s manufacturing industries The Ohio and Erie Canal coupled with rail links helped establish the city as an important business center. Steel and many other manufactured goods emerged as leading industries.

estate market experienced rebound with a record pace of purchases, with a housing vacancy of 10%.

In the 21st century, the city has improved infrastructure, is more diversified, has gained a national reputation in medical fields, and has invested in the arts. Cleveland is generally considered an example of revitalization.

The city’s goals include additional neighborhood revitalization and increased funding for public education.

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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

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DEMOGRAPHIC SUMMARY

CHRISTIAN BROTHERS AUTOMOTIVE - BROADVIEW HEIGHTS

Geography: 5 Miles

FINANCIAL ANALYSIS

Population In the identified area, the 2016 population was 80,786. The rate of change since 2000 was 5.03%. The five-year projection for the population in the area is 80,273 representing a change of -0.64% from 2016 to 2021. The 2016 population was 48.8% male and 51.2% female. The median age in this area was 49.0, compared to U.S. median age of 38.0.

Households There were 32,971 households in your selected geography in 2016. The number of households has changed by 11.1% since 2000. It is estimated that the number of households in your area will be 33,000 in 2021, which represents a change of 0.08% in five years. The 2016 average household size in your area was 2.42 persons.

PROPERTY DESCRIPTION

Income In 2016, the median household income for your selected geography was $76,190, compared to the Entire US average which was $54,149. It is estimated that the median household income in your area will be $85,741 in 2021, which represents a change of 12.5% from 2016.

The per capita income in your area was $39,927, compared to the Entire US average, which was $29,472. The 2016 average household income in your area was $96,897, compared to the Entire US average which was $77,008.

Race and Ethnicity The racial makeup of your selected area was as follows: 92.6% White, 1.7% Black, 0.1% Native American and 3.8% Asian/Pacific Islander. Compare these to Entire US averages which were: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin made up 1.9% of the population in your selected area.

Compare this to the Entire US average of 17.9%.

Housing MARKET OVERVIEW

In 2016, there were 27,033 owner occupied housing units in your area and there were 5,938 renter occupied housing units in your area. Median home value in the area is $222,499, compared to a median home value of $198,891 for the U.S.

Employment In 2016, there were 42,923 employees in your selected area; this is also known as the daytime population. 72.2% of employees were employed in white-collar occupations in this geography, and 15.2% are employed in blue-collar occupations. In 2016, unemployment in this area was 3.3%.

Demographic data Š 2016 esri 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Š 2017 STRIVE

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DEMOGRAPHIC STATISTICS

CHRISTIAN BROTHERS AUTOMOTIVE - BROADVIEW HEIGHTS

1-Mile

3-Miles

5-Miles

2000 Population

2,042

28,684

76,911

2010 Population

2,271

31,704

81,113

2016 Population

2,216

31,400

80,786

2021 Population

2,182

31,081

80,273

Households

Income

1-Mile

3-Miles

5-Miles

$ 0 - $14,999

3.3%

6.2%

5.6%

$ 15,000 - $24,999

4.7%

6.0%

8.0%

$ 25,000 - $34,999

4.2%

6.7%

8.2%

$ 35,000 - $49,999

8.2%

9.0%

11.3%

$ 50,000 - $74,999

11.4%

13.7%

16.0%

$ 75,000 - $99,999

11.4%

14.5%

14.7%

$100,000 - $149,999

24.0%

22.0%

20.0%

3-Miles

5-Miles

$150,000 - $199,999

13.0%

9.5%

7.5%

2000 Households

687

11,148

29,676

$200,000+

19.6%

12.5%

8.7%

2010 Households

793

12,485

32,685

2016 Median Household Income

$109,556

$87,867

$76,190

2016 Households

779

12,455

32,971

2016 Per Capita Income

$49,755

$44,839

$39,927

2021 Households

771

12,392

33,000

2016 Average Household Income

$139,668

$111,663

$96,897

2016 Daytime Population

4,126

28,117

65,387

2016 Average Household Size

2.59

2.49

2.42

2010 Owner Occupied Housing Units

85.2%

78.7%

79.9%

2010 Renter Occupied Housing Units

11.9%

15.5%

15.2%

2010 Vacant

2.9%

5.8%

4.9%

2016 Owner Occupied Housing Units

82.8%

77.5%

78.6%

2016 Renter Occupied Housing Units

13.6%

17.7%

17.3%

2016 Vacant

3.6%

4.8%

4.2%

2021 Owner Occupied Housing Units

82.6%

77.4%

78.5%

2021 Renter Occupied Housing Units

13.6%

17.8%

17.4%

2021 Vacant

3.6%

4.8%

4.1%

PROPERTY DESCRIPTION

1-Mile

FINANCIAL ANALYSIS

Population

Traffic Counts

77,270

MARKET OVERVIEW

31,734

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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Š 2017 STRIVE

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CONFIDENTIALITY AGREEMENT The information contained in the following offering memorandum is proprietary and strictly confidential.

It is intended to be reviewed only by the party receiving it from STRIVE and it should not be made available to any other person or entity without the written consent of STRIVE. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to STRIVE. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. STRIVE has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.

Net Lease Disclaimer STRIVE hereby advises all prospective purchasers of Net Leased property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. STRIVE expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release STRIVE and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

B

Information About Brokerage Services

efore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain

the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: (1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property.

With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

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