OFFERING MEMORANDUM Absolute NNN Lease Investment Opportunity

13450 US-43 S | Russellville, AL 35653Actual Property Image

03 INVESTMENT SUMMARY• Investment Summary• Investment Highlights

05 AREA OVERVIEW• Location Map• Aerial & Retail Map• City Overview

10 TENANT OVERVIEW • Tenant Profile

13 LEASE ABSTRACT• Lease Summary• Rent Roll

Exclusively Marketed By: Sands Investment Group

© 2018 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. Sands InvestmentGroup does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibilityof each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and completeness. Any and allprojections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance theseprojections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential interestedbuyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction.In Cooperation with BoR: Andrew Ackerman - Lic # C0001099750

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Will SchuhmacherLic. # 629275

512.277.5924 | DIRECTwill@SIGnnn.com

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OFFERING SUMMARY

PRICE $660,000

CAP 8.60%

NOI $56,844

PRICE PER SF $293.07

YEARS REMAINING ~3 Years

LEASE GUARANTY NPC International

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PROPERTY SUMMARY

ADDRESS 13450 US-43 S

Russellville, AL 35653

COUNTY Franklin

BUILDING AREA 2,252 SF

LAND AREA 1.31 Acres

BUILT 1993

Investment Summary

Absolute NNN Lease

● Value-Add Deal with Over $160,000+ in Cash Flow Over the Next 3 Years

● New Prototype Building with ~3 Years Remaining on the Lease

● Small Price Point Deal & Attractive CAP Rate

● Operated By the Largest Pizza Hut Franchisee in the World and 7th Largest Restaurant Operator in the UnitedStates

● Located on An Oversized Lot with Ample Parking and Across the Street From a Walmart Supercenter

● High Traffic Exposure from Major Highway Intersection US-43 and I-24

● Surrounded by National Retailers Such as Wendy’s, Jack’s, Waffle House, Bojangles’, AutoZone, AdvancedAuto Parts, O’Reilly Auto Parts and More

● 3-Miles From Russellville High School That Has Over 745 Students

● Russellville High School Ranks as One of the Best Football Teams in Alabama and as One of the MostAttended Stadiums in High School Football

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Village Wood Dr SE

Scotty Moore Dr

Mills St

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Southside Ball Field

Russellville Hospital

Franklin Manufacturing Inc.

Russellville High School

Russellville Police Department

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SUBJECT PROPERTY DEMOGRAPHICS

1 Mile 3 Mile 5 Mile

Population 3,075 11,235 14,367

Average Household Income $53,029 $52,499 $54,065

STREET/CROSS ROAD AVERAGE VEHICLES PER DAY

US Hwy 43 / Andrew Jackson Hwy 18,760

Andrew Jackson Hwy / 1st St 12,210

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Founded in 1962 – NPC International collectively operates more than 1,400 restaurants in28 states. It operates more than 1,240 Pizza Hut units in 27 states with significant presencein the Midwest, South and Southeast, representing approximately 20% of the domesticPizza Hut restaurant system. NPC Quality Burgers, Inc. is a wholly owned subsidiary of NPCInternational and currently operates more than 184 Wendy’s units in five states.

NPC International, Inc. is the largest Pizza Hut franchisee and the largest franchisee of anyrestaurant concept in the United States according to the 2015 “Top 200 RestaurantFranchisees” by the Restaurant Finance Monitor. NPC is the eighth largest restaurant unitoperator, based on unit count, in the U.S.

NPC is owned by an entity controlled by Olympus Growth Fund V, L.P. and certainaffiliated entities. In connection with the acquisition of NPC by Olympus on December 28,2011, the Company obtained debt financing consisting of a term loan, a revolving creditfacility and the issuance of Senior Notes that are registered under the Securities Act of1933.

Pizza Hut has a more than 50-year history, beginning in 1958 in Wichita, Kansas. NPCopened its first Pizza Hut restaurant shortly after in 1962. Today, Pizza Hut is an iconicglobal brand that delivers more pizza, pasta and wings than any other restaurant in theworld. NPC currently operates more than 1,144 Pizza Hut units in 27 states and more than386 Wendy’s units in 8 states.

BNPC International gives back to their communities and to people around the worldthrough programs such as World Hunger Relief and the Dave Thomas AdoptionFoundation.

NPC is an institutional consolidator anddeveloper of great time-tested restaurantbrands. Our management team provides aunique partnership to our franchisors toprovide a professionally managed analyticalpartner to execute the brands’ strategy.NPC has a long history as an operationallyfocused company that delivers strong,consistent financial performance andleverageable free cash flow.

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Franklin County with a population of 9,815 in 2016.Franklin County, Alabama is centrally located betweenBirmingham, Memphis and Nashville, near Interstate22, close to the Tennessee River and the TennesseeTombigbee Waterway.

The growing city of Russellville offers the convenienceof major retailers, restaurants, recreational amenities,and a strong industrial base. The authority invests inworkforce development programs and providesassistance with new construction and expansionprojects. Working with the Alabama Department ofCommerce and local governments, as wellas TVA and Alabama Power, Franklin County offerscompetitive tax incentives and other financialand business resources. The county offers a well-trained workforce, competitive tax incentives, and alow cost of living, and is in close proximity to manyfood-related, automotive-related and metals industriesin the Southeast.

Franklin County offers a low cost of living. Residents inthe county enjoy small town living, but have theresources of larger cities nearby. Franklin County alsofeatures many recreational attractions, including BearCreek Lakes, The Roxy and the Dismal’s Canyon. TheRoxy Theater is a main attraction in Russellville wherevisitors and locals can enjoy musical events on theweekends. The annual "Watermelon Festival" is heldeach August in downtown Russellville, in which acarnival event is held by the chamber of commerce toto ignite interest in Franklin county and thesurrounding areas.

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TLEASE SUMMARY

TENANT NPC International

PREMISESA Building of

Approximately 2,252 SF

LEASE COMMENCEMENT January 18, 1984

LEASE EXPIRATION June 30, 2021

LEASE TERM ~3 Years Remaining

RENEWAL OPTIONS None

RENT INCREASES 6% of Sales Over Annual Base Rent

LEASE TYPE Absolute Triple Net (NNN)

USE Restaurant

PROPERTY TAXES Tenant’s Responsibility

INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Tenant’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility

UTILITIES Tenant’s Responsibility

RIGHT OF FIRST REFUSAL Yes

RENT ROLL

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ANNUALBASE RENT

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INCREASE DATES

RENTAL INCREASE

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NPC International 2,252 SF 100% $56,844 $25.24 Annual 6% of Sales Above Base 06/18/1984 06/30/2021 None

The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewedonly by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without thewritten consent of Sands Investment Group.

This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establishonly a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence 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 andsquare footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, thecompliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or businessprospects 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, SandsInvestment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conductedany investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completenessof the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

By receipt of this Memorandum, you agree that this Memorandum and its contentsare of confidential nature, that you will hold and treat it in the strictest confidence andthat you will not disclose its contents in any manner detrimental to the interest of theOwner. You also agree that by accepting this Memorandum you agree to releaseSands Investment Group and hold it harmless from any kind of claim, cost, expense,or liability arising out of your investigation and/or purchase of this property.

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Will SchuhmacherLic. # 629275

512.277.5924 | DIRECTwill@SIGnnn.com

Exclusively Marketed By:

Sands Investment Group2101 S IH 35, Suite 402

Austin, TX 78741844.4.SIG.NNN

www.SIGnnn.com

In Cooperation with BoR: Andrew AckermanLic # C0001099750