HOLLAND, MI

Representative Photo

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CHRISTIAN BROTHERS AUTOMOTIVE - HOLLAND

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

PRICING & FINANCIAL ANALYSIS

CBAC - Holland

Lease summary

Lease Term 15 Years

Lease Commencement At Close of Escrow

Lease Expiration 15 Years from COE

Remaining Term 15 Years

Lease Type NNN

Roof & Structure Tenant

Increases 1.5% Starting in Yr 6

Options 5 x 10 Year

Options to Purchase No

Offering summary

Price $2,305,000

Cap Rate 6.25%

Net Operating Income $144,000

Year Built 2015

Gross Leasable Area 5,069 SF

Lot Size 0.84 AcresRepresentative Photo

annualized Operating data

Primary Term Annual Increase

Yrs 1-5: $144,000 -

Yr 6: $146,160 1.50%

Yr 7: $148,352 1.50%

Yr 8: $150,577 1.50%

Yr 9: $152,836 1.50%

Yr 10: $155,128 1.50%

Yr 11: $157,455 1.50%

Yr 12: $159,817 1.50%

Yr 13: $162,214 1.50%

Yr 14: $164,648 1.50%

Yr 15: $167,117 1.50%

Net OperatiNg iNcOme $144,000

424 Baypark DriveHolland, MI 49424

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CHRISTIAN BROTHERS AUTOMOTIVE - HOLLAND

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

TENANT & LEASE INFORMATION

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 200 stores throughout the southeast, lower midwest and southwest United States by 2017.

tenant summary

Tenant Christian Brothers Automotive

Ownership Private

Market Cap See Agent For Details

Sales Volume See Agent For Details

Number of Locations 125+

Years In Business 30+ Years

Headquarters Houston, TX

Website www.cbac.com

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CHRISTIAN BROTHERS AUTOMOTIVE - HOLLAND

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

INVESTMENT HIGHLIGHTS

• 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

• Strong Corporate Guarantee

• Population in a 5-Mile Radius is Over 94,000

• Traffic Counts Along Lakewood Ave Are Over 34,000 Vehicles Per Day

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5This 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

CHRISTIAN BROTHERS AUTOMOTIVE - HOLLANDELEVATION

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

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6This 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

CHRISTIAN BROTHERS AUTOMOTIVE - HOLLANDSITE PLAN

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

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7This 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

CHRISTIAN BROTHERS AUTOMOTIVE - HOLLANDAERIAL MAP

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8This 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

CHRISTIAN BROTHERS AUTOMOTIVE - HOLLANDLOCAL MAP

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9This 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

CHRISTIAN BROTHERS AUTOMOTIVE - HOLLANDREGIONAL MAP

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10This 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

CHRISTIAN BROTHERS AUTOMOTIVE - HOLLANDMARKET SUMMARY

GRAND RAPIDS, MI

Grand Rapids is the second-largest city in the U.S. state of Michigan, and the largest city in West Michigan. It is located on the Grand River about 30 miles east of Lake Michigan.

A historic furniture-manufacturing center, Grand Rapids is still home to five of the world’s leading office furniture companies, and is nicknamed Furniture City. Its more common modern nickname of River City refers to the landmark river for which it was named. The city and surrounding communities are economically diverse, based in the health care, information technology, automotive, aviation, and consumer goods manufacturing industries, among others.

Grand Rapids has long been a center for furniture, automobile, and aviation manufacturing; American Seating, Steelcase, Haworth and Herman Miller,

major manufacturers of office furniture, are based in the Grand Rapids area. The area serves as an important location for GE Aviation Systems.

The Grand Rapids area is home to a number of well-known companies that include: Alticor/Amway, Bissell, Highlight Industries, Spartan Stores, Foremost Insurance Company, Meijer, GE Aviation , Wolverine World Wide, MC Sports, Inc. , Universal Forest Products and Schuler Books & Music, one of the largest independent bookstores in the country.

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11This 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

CHRISTIAN BROTHERS AUTOMOTIVE - HOLLANDDEMOGRAPHIC SUMMARY

pOpulatiON

HOuseHOlds

iNcOme

race aNd etHNicity

HOusiNg

emplOymeNt

Geography: 5 miles

In the identified area, the current year population is 94,642. The rate of change since 2010 was 0.43% annually. The five-year projection for the population in the area is 98,234 representing a change of 0.75% annually from 2015 to 2020. Currently, the population is 48.8% male and 51.2% female. The median age in this area is 35.9, compared to the U.S. median agoe of 37.9.

There are currently 34,455 households in your selected georgraphy. The number of households has changed by 0.61% annually since 2010. It is estimated that the number of households in your area will be 35,904 five years from now, which represents a change of 0.04% from the current year. The average household size in your area is 2.65 persons.

In 2015, the median household income for your selected georgraphy is $51,233, compare this to the Entire U.S. average, which is currently $53,217. It is estimated that the median household income in your area will be $58,746 five years from now, which represents a change of 12.80% from the current year.

The current year per capita income in your area is $24,357, compare this to the Entire U.S. average, which is $28,597. The current year average household income in your area is $65,741, compare this to the Entire U.S. average, which is $74,699.

The current year racial makeup of your selected area is as follows: 78.1% White, 3.0% Black, 0.5% Native American and 5.9% Asian/Pacific Islander. Compare these to the Entire U.S. Averages which are: 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 21.7% of the current year population in your selected area. Compare this to the Entire U.S. average of 17.6%.

In 2015, there were 24,180 owner occupied housing units in your area and there were 10,276 renter occupied housing units in your area. Median home value in the area is $150,886.

In 2015, there are 48,363 employees in your selected area, this is also known as the daytime population. Currently, 50.9% of employees are employed in white-collar occupations in this geography, and 33.1% are employed in blue-collar occupations. In 2015, unemployment in this area is 5.7%.

Demographic data © 2015 esri

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12This 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

CHRISTIAN BROTHERS AUTOMOTIVE - HOLLANDDEMOGRAPHIC STATISTICS

traffic cOunts

incOme 1 mile 3 miles 5 miles

$ 0 - $14,999 11.1% 9.7% 9.4%

$ 15,000 - $24,999 17.9% 10.5% 9.9%

$ 25,000 - $34,999 8.9% 11.1% 11.2%

$ 35,000 - $49,999 18.0% 19.5% 18.0%

$ 50,000 - $74,999 25.6% 21.6% 20.5%

$ 75,000 - $99,999 13.0% 13.2% 13.1%

$100,000 - $149,999 4.5% 10.0% 12.0%

$150,000 - $199,999 0.2% 3.0% 3.6%

$200,000 + 0.8% 1.5% 2.3%

2015 Median Household Income $43,878 49.210 $51,223

2015 Per Capita Income $20,368 $22,320 $24,357

2015 Average Household Income $50,311 $60,973 $65,741

pOpulatiOn 1 mile 3 miles 5 miles

2000 Population 3,340 55,073 86,026

2010 Population 3,270 58,909 92,529

2015 Population 3,219 60,048 94,642

2020 Population 3,253 62,075 98,234

HOuseHOlds 1 mile 3 miles 5 miles

2000 Households 1,409 18,669 29.933

2010 Households 1,384 20,641 33,370

2015 Households 1,330 21,199 34,455

2020 Households 1,333 21,984 35,904

2015 Average Household Size 2.34 2.70 2.65

2000 Owner Occupied Housing Units 1,014 12,694 22,042

2000 Renter Occupied Housing Units 395 5,974 7,891

2000 Vacant 95 941 1,509

2015 Owner Occupied Housing Units 1,582 23,214 37,493

2015 Renter Occupied Housing Units 609 7,403 10,276

2015 Vacant 252 2,015 3,083

2020 Owner Occupied Housing Units 717 14,233 25,132

2020 Renter Occupied Housing Units 617 7,751 10,772

2020 Vacant 271 2,026 3,01434,918

41,097

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.

CONFIDENTIALITY AGREEMENT

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.

Net Lease Disclaimer

exclusively listed

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