Murphy Oil USA - Plano, TX

Representative Photo

(GROUND LEASE) PLANO, TX

PRICING & FINANCIAL ANALYSIS

MURPHY OIL USA (GROUND LEASE)

FINANCIAL ANALYSIS

Murphy Oil USA (Ground Lease) 430 Coit Road Plano, TX 75075

Offering Summary Price Cap Rate Net Operating Income

$2,000,000 4.50% $90,000 2017

Gross Leasable Area

TBD

Lot Size

1.23 Acres

PROPERTY DESCRIPTION

Year Built

Representative Photo

Annualized Operating Data Lease Summary

Commencement

Annual

Increase

1-5

1/1/2017

$90,000

-

1/1/2017

6-10

1/1/2022

$97,200

8.00%

Lease Expiration

12/31/2036

11-15

1/1/2027

$104,976

8.00%

Remaining Term

20 Years

16-20

1/1/2032

$113,374

8.00%

Lease Term Lease Commencement

Year(s) 20 Years

Ground

Option 1: 21-25

1/1/2037

$122,444

8.00%

Roof & Structure

Tenant

Option 2: 26-30

1/1/2042

$132,239

8.00%

Option 3: 31-35

1/1/2047

$142,819

8.00%

Option 4: 36-40

1/1/2052

$154,244

8.00%

Increases Options Options to Purchase

8% Every 5 Years 4 x 5 Year None

Net Operating Income

MARKET OVERVIEW

Lease Type

$90,000

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. © 2015 Vitorino Group

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TENANT INFORMATION

MURPHY OIL USA (GROUND LEASE)

FINANCIAL ANALYSIS

Tenant Summary Company Ownership Rating Agency

Public BB+ Standard & Poor’s

Ticker Symbol

MUSA

Exchange

NYSE

Market Cap

$2.41 Billion

Sales Volume

$11.5 Billion

Number of Locations Years In Business Headquarters Website

1,263 +

PROPERTY DESCRIPTION

Murphy USA is a leading retailer of gasoline and convenience merchandise with 1,400 stations located primarily in the Southwest, Southeast and Midwest United States. The company and its team of almost 10,000 employees serve an estimated 1.6 million customers each day through its network of retail gasoline stations in 26 states.

The majority of Murphy USA’s sites are located in close proximity to Walmart stores. The company also markets gasoline and other products at standalone stores under the Murphy Express brand.

Murphy USA ranks 258 among Fortune 500 companies. In 2013, Murphy USA, Inc. became independent as a spin-off of Murphy Oil.

Murphy Oil USA, Inc.

66 Years El Dorado, AR www.murphyusa.com

Company Summary Company Ownership Ticker Symbol

Murphy Oil Corporation is a global independent oil and natural gas exploration and production company. The company’s diverse resource base includes offshore production in Southeast Asia, Canada and Gulf of Mexico, as well as North America onshore plays in the Eagle Ford Shale, Kabob Duvernay and Montney.

Public MUR NYSE

Market Cap

$5.4 Billion

Sales Volume

$2.0 Billion

Years In Business Headquarters Website

MARKET OVERVIEW

Exchange

Murphy Oil Corp.

66 Years El Dorado, AR www.murphyoilcorp.com

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. © 2015 Vitorino Group

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INVESTMENT HIGHLIGHTS

MURPHY OIL USA (GROUND LEASE)

FINANCIAL ANALYSIS

• 20-Year Absolute Net Ground Lease - Zero Landlord Responsibility • B rand New 2017 Construction - In Front of Central Market & Across from Walmart Supercenter & Sam’s Club • S trong Corp. Tenant Murphy USA (NYSE: MUSA) $2.4 Billion Market Cap & Fortune 500 Company

PROPERTY DESCRIPTION

• Surrounding Retailers Include Walmart Supercenter, Sam’s Club, Central Market Grocery Store, Discount Tire, McDonald’s, LA Fitness, Wells Fargo as well as Many Others

Representative Photo

• Located near Intersection of Coit Road and President George Bush Turnpike in prestigious Plano, Texas • H eavily Populated Area - Population Exceeds 341,000 within a 5-Mile Radius

MARKET OVERVIEW

• A verage Household Income within 3-Mile Radius is Approximately 1.4x the National Average • T raffic Counts Along Coit Road Exceed 51,000 Vehicles Per Day & 129,000 on George Bush Turnpike 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. 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. © 2015 Vitorino Group

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SITE PLAN

MURPHY OIL USA (GROUND LEASE)

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW

MURPHY OIL USA

ROSA’S CAFE

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. © 2015 Vitorino Group

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AERIAL MAP

MURPHY OIL USA (GROUND LEASE)

PROPERTY DESCRIPTION

COIT RD

FINANCIAL ANALYSIS

John Paul II High School

Representative Photo

MAPLESHADE LN

MARKET OVERVIEW

IKE PGB TURNP

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. © 2015 Vitorino Group

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LOCAL MAP

MURPHY OIL USA (GROUND LEASE)

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. Š 2015 Vitorino Group

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REGIONAL MAP

MURPHY OIL USA (GROUND LEASE)

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. Š 2015 Vitorino Group

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MARKET SUMMARY

MURPHY OIL USA (GROUND LEASE)

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

DALLAS, TX Dallas encompasses half of the Dallas/Fort Worth Metroplex and is the third-largest city in Texas and the ninth-largest city in the United States. Dallas is home to the third-largest concentration of Fortune 500 companies in the country and is the largest economic center of the Dallas/Fort Worth metropolitan area. The Metroplex has strong submarket occupancy rates, is home to more shopping centers per capita and has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States.

Dallas is the best-ranked city on the Regulatory Climate Index thanks to its efficient local regulations.

Entrepreneurs and small businesses can expect a welcoming business environment across all five areas of local regulation. Dallas scores above average across each meaningful measure of an interaction that a business has with a local government agency through procedure, time, and cost. These rankings reflect the city’s continuing efforts to develop programs and initiatives to strengthen the business environment, provide access to capital, and encourage economic growth at the local level.

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. © 2015 Vitorino Group

MARKET OVERVIEW

The city is the largest economic center of the 12-county Dallas–Fort Worth–Arlington metropolitan area, which had a population of 6,810,913 people as of July 1, 2013.

The metropolitan economy is the sixth largest in the United States, with a 2012 real GDP of $420.34 billion. In 2013 the metropolitan area led the nation with the largest year-over-year increase in employment, and advanced to become the fourth-largest employment center in the nation (behind New York City, Los Angeles, and Chicago) with more than three million non-farm jobs. In the latest rankings released in 2013, Dallas was rated as a “beta

plus” world city by the Globalization and World Cities Study Group & Network. Dallas is also ranked 14th in world rankings of GDP by the Organization for Economic Co-operation and Development. The Dallas-Fort Worth Metroplex has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. The city of Dallas has 12 Fortune 500 companies, and the DFW region as a whole has 20.

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DEMOGRAPHIC SUMMARY

MURPHY OIL USA (GROUND LEASE)

Geography: 5 Miles

FINANCIAL ANALYSIS

Population In the identified area, the 2016 population was 341,058. The rate of change since 2000 was 9.14%. The five-year projection for the population in the area was 365,390 representing a change of 7.13% from 2016 to 2021. In 2016, the population was 49.2% male and 50.8% female. The median age in this area was 37.4, compared to U.S. median age of 38.0.

Households There were 147,361 households in your selected geography last year. The number of households changed by 10.91% since 2000. It is estimated that the number of households in your area will be 157,202 in 2021, which represents a change of 6.68% from 2016. The average household size in your area was 2.30 persons.

PROPERTY DESCRIPTION

Income In 2016, the median household income for your selected geography was $66,927, compared to the Entire US average which was $54,149. It is estimated that the median household income in your area will be $75,298 in 2021, which represents a change of 12.51% in five years.

The 2016 per capita income in your area is $43,687, compared to the Entire US average, which was $29,472. The average household income in your area was $100,692, compared to the Entire US average which was $77,008.

Race and Ethnicity The 2016 racial makeup of your selected area was as follows: 65.2% White, 10.8% Black, 0.5% Native American and 12.2% 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 make up 20.0% of the 2016 population in your selected area. Compare this to the Entire US average of 17.9%.

Housing MARKET OVERVIEW

In 2016, there were 67,856 owner occupied housing units in your area and there were 79,505 renter occupied housing units in your area. Median home value in the area is $248,390, compared to a median home value of $198,891 for the U.S.

Employment In 2016, there were 186,599 employees in your selected area, this is also known as the daytime population. 74.2% of employees were employed in white-collar occupations in this geography, and 10.7% were employed in blue-collar occupations. In 2016, unemployment in this area was 3.8%.

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 2015 Vitorino Group

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DEMOGRAPHIC STATISTICS

MURPHY OIL USA (GROUND LEASE)

1-Mile

3-Miles

5-Miles

Income

1-Mile

3-Miles

5-Miles

2000 Population

4,521

105,876

312,496

$ 0 - $14,999

10.3%

9.9%

8.6%

2010 Population

5,705

107,583

320,973

$ 15,000 - $24,999

7.2%

6.9%

7.6%

2016 Population

6,734

113,880

341,058

$ 25,000 - $34,999

8.6%

7.9%

9.1%

2021 Population

7,027

121,815

365,390

$ 35,000 - $49,999

13.5%

9.2%

12.0%

$ 50,000 - $74,999

21.9%

15.0%

16.9%

$ 75,000 - $99,999

10.0%

11.9%

11.9%

$100,000 - $149,999

13.9%

18.3%

15.7%

1-Mile

3-Miles

5-Miles

$150,000 - $199,999

7.6%

9.1%

7.7%

2000 Households

2,249

44,211

132,868

$200,000+

6.9%

11.7%

10.5%

2010 Households

2,879

46,384

139,764

2016 Median Household Income

$59,182

$76,627

$66,927

2016 Households

3,234

48,935

147,361

2016 Per Capita Income

$44,231

$46,563

$43,687

2021 Households

3,574

52,269

157,202

2016 Average Household Income

$85,468

$107,583

$100,692

2016 Daytime Population

11,002

140,210

454,364

1.97

2.31

2.30

2010 Owner Occupied Housing Units

25.6%

57.5%

45.8%

2010 Renter Occupied Housing Units

65.2%

37.0%

47.4%

9.2%

5.3%

6.8%

2016 Owner Occupied Housing Units

23.6%

54.5%

42.9%

2016 Renter Occupied Housing Units

66.8%

40.8%

50.2%

2016 Vacant

9.6%

5.5%

6.9%

2021 Owner Occupied Housing Units

23.3%

53.6%

42.2%

2021 Renter Occupied Housing Units

66.7%

40.9%

51.0%

2021 Vacant

10.0%

5.5%

6.7%

2016 Average Household Size

2010 Vacant

PROPERTY DESCRIPTION

Households

FINANCIAL ANALYSIS

Population

Traffic Counts

51,027

MARKET OVERVIEW

129,000

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 2015 Vitorino Group

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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 Vitorino Group and it should not be made available to any other person or entity without the written consent of Vitorino Group. 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 Vitorino Group.

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.

Vitorino Group 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, Vitorino Group has not verified, and will not verify, any of the information contained herein, nor has Vitorino Group 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 THE VITORINO GROUP AGENT FOR MORE DETAILS.

Net Lease Disclaimer Vitorino Group 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, the Vitorino Group has not and will not verify any of this information, nor has the Vitorino Group conducted any investigation regarding these matters.

The Vitorino Group 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. The Vitorino Group 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 The Vitorino Group 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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