*ALSO AVAILABLE INDIVIDUALLY

EDINBURG, TX

SINGLE TENANTNET LEASED PORTFOLIO*

Introduction - DisclaimerThis Investment Offering Memorandum has been prepared by Thomas Company and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto, nor do they purport to be all inclusive or to contain all of the information which prospective investors may need or desire. All projections have been developed by Seller, Thomas Company and designated sources, and are based upon assumptions relating to the general economy, competition and other factors beyond the control of Seller, and therefore are subject to variation. No representation is made by Seller or Thomas Company as to the accuracy or completeness of the information contained herein, and nothing contain herein, is, or shall be relied on as a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, Seller and its officers, directors and employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Thomas Company, Seller and its officers, directors and employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or omission from the Investment Offering Memorandum or any other written or oral communication transmitted or made available to the recipient. The Investment Offering Memorandum does not constitute a representation that there has been a change in the business or affairs of the Property or Seller since the date of preparation of the Investment Offering Memorandum. Analysis and verification of the information contained in the Investment Offering Memorandum is solely the responsibility of the prospective purchaser.

Seller and Thomas Company each expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers regarding the Property and/or terminate discussions with any entity at any time with or without notice. Seller shall have no legal commitment or obligation to sell the property to any entity reviewing the Investment Offering Memorandum or making an offer to purchase the Property unless and until such offer is approved by Seller, a written agreement for the purchase of the Property has been fully executed, delivered and approved by Seller and its legal counsel and any conditions to Seller’s obligations thereunder have been satisfied or waived. This Investment Offering Memorandum and the contents are of a confidential nature. By accepting the Investment Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Investment Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confidentiality) without the prior written authorization of Seller, and that you will not use the Investment Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Seller or Thomas Company. If you do not have an interest in the Property at this time, please return the Investment Offering Memorandum forthwith.

© 2017 Thomas Company

Sean McMullan- NM505.821.1662

Homer Guren - OH216.514.1800

Patrick Coates - OK918.610.0700

Scott Haire - TX214.725.1110

Gillian Greenfield - WV540.974.3927

Exclusively Marketed By

PLEASE CONTACT

JEFFREY S. THOMAS

THOMAS COMPANY210 Third Avenue SouthSuite 5CSeattle, WA 98104800.775.3350JEFF@THOMASCOMPANY.COMTHOMASCOMPANY.COM

Offered in coordination & conjunction with:

Tim Flanagan - IL630.954.7310

Richard Kirschman - LA504.486.8964

Levi Smith- MI248.262.1807

Steven Veal - MO314.477.9090

Jim Johnson - NC336.882.8780

Table Of Contents

4The OfferingInvestment Highlights

5The PropertiesThe Lease

6Property List

7Map of Properties

8Demographics

EXECUTIVE SUMMARY

PORTFOLIO OVERVIEW

TENANTOVERVIEW

9CVS Health

Milton, WV

Executive Summary

INVESTMENT HIGHLIGHTS Secure Cash FlowCVS Health Corporation (S&P: BBB+, NYSE: CVS) together with its subsidiaries is one of the largest pharmacy health providers in the United States operating more than 9,600 retail drugstores in the United States, Puerto Rico and Brazil. CVS has the strongest credit profile amongst the three largest drug stores (S&P Ratings for Walgreens and Rite Aid are BBB and B respectively).

Long-Term LeasesEach store has a 25-year lease in place that recently commenced, providing the Landlord with consistent management-free cash flow during that time. There is no rent holiday in any of the leases.

THE OFFERING Thomas Company is pleased to offer for sale a portfolio of unlevered CVS stores located in Illinois, Louisiana, Michigan, Missouri, New Mexico, North Carolina, Ohio, Oklahoma, Texas, and West Virginia. The properties are offered free and clear of debt. Each of the stores has a 25-year triple-net lease in place with no landlord responsibilities and no rent holidays. These assets may be sold individually or as a portfolio.

Recently ConstructedEach of the stores was recently constructed, ranging from June 2011 to August 2015. New 25-year leases were executed for each location in October of 2015.

Passive Ownership

The Tenant has executed triple-net (NNN) leases with no Landlord responsibilities. The Tenant is responsible for all maintenance and repair, including the roof and structure.

Taylorville, IL

44

THE LEASES (CONT.)THE PORTFOLIO

Actual Location

PRICE$68,122,226Assets are available individually or as a portfolio

NOI$3,569,274

OWNERSHIPFee Simple

PROPERTY TYPERetail

YEAR BUILT2011-2015

TENANTVarious CVS Corporate Subsidiaries

GUARANTORCVS Health CorporationS&P: BBB+

LEASE TERM REMAINING+/-24 Years

LEASE COMMENCEMENT10/16/15

LEASE EXPIRATION1/31/41

LEASE STRUCTURETriple-Net (NNN)

LANDLORD RESPONSIBILITIESThe Tenant is responsible for all repair and maintenance of the property, including the roof and structure.

RENT HOLIDAYNone. There is no rent holiday.

OPTIONS TO EXTEND10 5-Year Options to Extend.

OPTION RENTThe rent for the first two five-year option periods remains fixed at 100% of the primary term rent. The rent for each of the remaining eight five-year option periods is equal to 100% of Fair Market Rent as determined by an appraiser.

Executive Summary

THE LEASES

5

StoreNumber Address City State

Date Opened

Lease Commencement

Lease Expiration Size Annual Rent Price Cap Rate Status

6829 401 North Webster St. Taylorville IL 3/17/13 10/16/15 1/31/41 13,255 $236,159 $4,498,267 5.25% Available

4501 1204 Elton Road Jennings LA 8/9/15 10/16/15 1/31/41 13,348 $237,506 $4,523,924 5.25% Available

10626 101 North Euclid Ave. Bay City MI 7/11/15 10/16/15 1/31/41 12,051 $225,778 $4,300,533 5.25% Available

10152 1501 E. Ohio Street Clinton MO 4/13/13 10/16/15 1/31/41 13,275 $234,789 $4,472,171 5.25% Available

7344 103 Catawba Road Havelock NC 11/9/14 10/16/15 1/31/41 9,543 $233,431 $4,446,305 5.25% Available

10149 940 N. Main Street Las Cruces NM 1/11/15 10/16/15 1/31/41 14,591 $377,116 $7,183,162 5.25% Available

10520 2107 NW Cache Road Lawton OK 11/15/14 10/16/15 1/31/41 13,275 $350,638 $6,678,819 5.25% Available

3457 201 South Main St New Carlisle OH 9/21/14 10/16/15 1/31/41 9,508 $189,572 $3,610,895 5.25% Available

6271 68501 Addie Way St. Clairsville OH 10/12/14 10/16/15 1/31/41 9,507 $223,050 $4,248,571 5.25% Available

5935 1454 Central Blvd Brownsville TX 6/5/11 10/16/15 1/31/41 13,502 $241,841 $4,650,788 5.20% Available

10356 409 Veterans Boulevard Del Rio TX 6/21/15 10/16/15 1/31/41 13,340 $241,199 $4,638,442 5.20% Available

10405 103 W. Monte Cristo Road Edinburg TX 6/27/15 10/16/15 1/31/41 13,292 $259,816 $4,996,462 5.20% Available

3475 300 Fairmont Ave Fairmont WV 1/4/15 10/16/15 1/31/41 12,154 $312,166 $5,946,019 5.25% Available

10566 278 East Main Street Milton WV 1/3/15 10/16/15 1/31/41 12,082 $206,213 $3,927,867 5.25% Available

Total* 172,723 $3,569,274 $68,122,226

*Total applies to currently available properties

PROPERTY LIST (Assets are available individually or as a portfolio)

Portfolio Overview

6

7

1

2

3 4

6

8

1. 940 N. Main Street, Las Cruces, NM2. 409 Veterans Blvd, Del Rio, TX3. 103 W. Monte Cristo Rd, Edinburg, TX4. 1454 Central Blvd, Brownsville, TX5. 2107 NW Cache Rd, Lawton, OK

9

1012

13

14

11. 68501 Addie Way, St. Clairsville, OH12. 278 Main St, Milton, WV13. 300 Fairmont Ave, Fairmont, WV14. 103 Catawba Rd, Havelock, NC

6. 1204 Elton Rd, Jennings LA7. 1501 E. Ohio St, Clinton, MO8. 401 North Webster St, Taylorville, IL9. 101 North Euclid Ave, Bay City, MI10. 201 South Main St, New Carlisle, OH

11

5

PROPERTY LOCATIONS

Portfolio Overview7

PORTFOLIO DEMOGRAPHICS

Location Notes

1Mi 3Mi 5Mi 7Mi 10Mi 1Mi 3Mi 5Mi 7Mi 10Mi 1Mi 3Mi 5Mi 7Mi 10Mi 1Mi 3Mi 5Mi 7Mi 10Mi 1Mi 3Mi 5Mi 7Mi 10Mi

Taylorville,IL 8,922 11,825 15,509 17,484 22,380 $52,374 $55,257 $59,192 $59,082 $59,819 32% 33% 33% 33% 32% -7% -5% -2% -2% -2% -3% -2% -2% -2% -1%

•Hardsignalizedintersection•HalfamiletoTaylorvilleMemorialHospital•Nearbyretailers:McDonald's,CircleK,Domino'sPizza,KFC,FamilyDollar,TacoBell

Jennings,LA 5,125 10,973 13,454 16,852 25,410 $52,027 $50,007 $53,643 $57,516 $58,077 31% 31% 30% 29% 28% -4% -7% -4% -1% 1% 0% 0% 0% 1% 2%•Hardsignalizedintersection•.7mitoJenningsAmericanLegionHospital•1mitoInterstate10

BayCity,MI 9,713 51,199 71,868 82,273 103,388 $50,021 $50,785 $54,296 $55,203 $56,146 31% 31% 33% 32% 32% -3% -3% -4% -2% -1% -1% -1% -1% -1% -1%

•Hardsignalizedintersection•HalfamiletoBaySpecialCareHospital•Nearbyretailers:McDonald's,TacoBell,Wendy's,LittleCaesarsPizza,Kroger

Clinton,MO 2,606 9,633 10,770 11,426 14,242 $63,315 $51,689 $52,848 $53,258 $53,799 41% 35% 36% 36% 37% 7% -1% 1% 2% 3% 2% 1% 1% 1% 1%

•Hardsignalizedintersection•Nearbyretailers:McDonald's,Wendy's,Subway,TacoBell,GoldenCorral,AceHardware•AdjacenttoWestbridgeInnandSuites

Havelock,NC 4,230 14,650 25,224 28,757 44,590 $55,410 $55,805 $56,590 $58,536 $60,272 12% 12% 14% 16% 21% 8% -11% -3% 2% 13% 0% 0% 0% 1% 2%

•Lessthan3milestoMarineCorpsAirStation(workforce:13,765)•Nearbybusinesses:Walmart,McDonald's,DollarGeneral,DollarTree,QualityInn

LasCruces,NM 12,260 75,651 115,206 130,533 142,631 $35,812 $46,453 $52,601 $53,890 $54,529 29% 25% 27% 27% 27% 2% 16% 24% 26% 28% 0% 1% 2% 2% 2%

•Hardsignalizedintersection•ImmediatelynexttoLasCrucesFireDepartment•AdjacenttoLasCrucesCityHallandDistrictCourt

NewCarlisle,OH 4,732 10,205 22,446 46,936 142,843 $54,392 $61,067 $62,024 $67,138 $65,594 30% 32% 33% 33% 32% -2% -2% 0% 1% -1% 0% 0% 1% 1% 0%•Hardsignalizedintersection•Locatedinthehistoricdowntown•1blockfromBelleManorNursingHome

St.Clairsville,OH 5,112 9,818 17,897 27,276 61,928 $65,941 $65,850 $63,188 $59,568 $49,455 43% 43% 35% 36% 36% 3% 7% 11% 8% -3% -1% 0% 1% 1% 0%

•AdjacenttoOhioValleyMall•Nearbybusinesses:Toys"R"Us,McDonald's,KFC,CrackerBarrel,BobEvans,Chipotle,FairfieldInn&Suites,DoctorsUrgentCare

Lawton,OK 13,929 59,162 88,968 97,177 105,516 $44,849 $44,436 $52,059 $53,893 $54,945 24% 20% 20% 20% 21% 0% 10% 8% 7% 7% -2% -1% 0% 0% 0%•Nearbyretailers:WalmartSupercenter,Whataburger,Chick-fil-A,BankofAmerica•AcrossthestreetfromHamptonInn

Brownsville,TX 13,638 86,442 162,966 204,679 221,514 $43,594 $43,151 $43,981 $44,122 $44,593 27% 23% 21% 20% 20% -5% 14% 24% 30% 33% 2% 4% 5% 6% 6%•.5mitoValleyBaptistMedicalCenter•Nearbyretailers:McDonald's,BurgerKing,DairyQueen,LittleCaesarsPizza,DollarTree

DelRio,TX 10,948 34,535 43,803 46,772 48,258 $40,573 $50,114 $51,447 $51,653 $52,030 28% 26% 24% 23% 23% -7% 1% 10% 8% 10% -2% -1% 0% 0% 0%

•Nearbyretailers:AdvanceAutoParts,FamilyDollar,Sonic,LittleCaesarsPizza•LessthanamiletoValVerdeRegionalMedicalCenter

Edinburg,TX 5,124 43,963 102,170 167,834 333,484 $46,776 $43,201 $53,440 $59,044 $55,769 12% 14% 16% 15% 17% 128% 56% 62% 67% 51% 7% 8% 9% 9% 9%

•AcrossstreetfromEdinburgNorthHighSchool(enrollment:2,600)•4mifromTheUniversityofTexasRioGrandeValley(enrollment:29,000)

Fairmont,WV 9,569 27,988 39,747 48,607 63,244 $41,682 $51,872 $54,758 $56,738 $58,699 26% 32% 33% 33% 33% -4% -1% 2% 3% 3% 0% 2% 2% 2% 3%

•Hardsignalizedintersection•1mitoFairmontStateUniversity(enrollment:4,500)•1mitoFairmontGeneralHospital

Milton,WV 2,145 6,988 16,222 30,018 58,411 $48,936 $56,594 $63,840 $66,701 $71,327 36% 36% 33% 32% 32% 3% 10% 11% 16% 14% 1% 4% 6% 6% 4%•LocatedindowntownMilton•Nearbybusinesses:PigglyWiggly,Save-A-Lot,Wendy's,McDonald's,Goodwill,PizzaHut

2015TotalPopulation(Estimate) 2015AverageHouseholdIncome(Estimate) PercentageofPopulation55+(Estimate) PopulationGrowth2000-2015(Esitmate) PopulationGrowth2015-2020(Estimate)

Portfolio Overview8

(NYSE: CVS; S&P: BBB+)

BUSINESS OVERVIEWCVS Health Corporation (formerly CVS

Caremark Corp.) together with its subsidiaries

is one of the largest pharmacy health care

providers in the United States; with integrated

offerings across the entire spectrum of

pharmacy care. CVS is unique among the big

three retail drugstore chains (Walgreen’s, Rite

Aid, CVS), in that it operates its own pharmacy

benefit management (“PBM”), and is thus, an

integrated pharmacy health care provider.

CVS’s offerings include pharmacy benefit

management services; mail order, retail and

specialty pharmacy; disease management

programs; and retail clinics. CVS operates

drugstores throughout the U.S., the District of

Columbia, and Puerto Rico.

The company has launched assertive growth

plans in recent quarters. In June 2015, it

announced the $1.9 billion purchase of Target’s

pharmacy business, a deal which brings the

total store count to 9,500 and adds sites in

west coast metro areas CVS hadn’t previously

serviced—including Portland, Seattle, Denver,

and Salt Lake City.

In August 2015 the company completed a $12.9

billion acquistion of pharmacy services

firm Omnicare, which helps manage specialty

pharmaceutical distribution to long-term care

facilities, among other medical environments.

As of August 2016, CVS operated 9,600 retail

locations in the U.S. and Brazil. Its stores sell

prescription drugs, as well as other products

such as nonprescription medications, health

and beauty aids, and cosmetics. The company

also operates the nation’s largest medical care

clinic, with 1,100 MinuteClinic® health care

clinics throughout the country. MinuteClinics

are staffed by nurse practitioners and physician

assistants, who utilize nationally recognized

protocols to diagnose and treat minor health

conditions, perform health screenings, monitor

chronic conditions, and deliver vaccinations.

CVS expects to grow MinuteClinic® to 1,500

locations in more than 35 states by 2017.

STRATEGYFormerly known as CVS Caremark, the

company rebranded as CVS Health in

2014—and in so doing announced it was

eliminating the sale of tobacco products

that year across its network of stores,

in keeping with the “health” side of its

corporate mission. CVS has four divisions—

pharmacy, Caremark (pharmacy benefits

management and mail service pharmacy),

Minuteclinic walk-in clinics, and specialty

pharmacy management. The company

acquired Caremark in 2007, and now serves

75 million plan members via that division.

STORE PROFILEAs of August 2016, CVS operated 9,600

retail stores in 49 states, the District of

Columbia, Puerto Rico, and Brazil under

the CVS pharmacy name. CVS/pharmacy

stores sell prescription drugs and a wide

assortment of general merchandise—front-

end products. Typical retail stores range in

size from approximately 5,000 to

25,000 square feet, although most new

stores range in size from approximately

8,000 to 13,000 square feet and typically

include a drive-thru pharmacy. In 2015, CVS

filled or managed 1.9 billion prescriptions,

representing the capture of 39% of the past

5-year U.S. market prescription growth.

FINANCIAL SUMMARYTotal revenue for 2015 increased 10% to a

record $153.3 billion, up from $139.4 billion

in the year prior, while operating profit in

2015 rose 7.4% to $9.5 billion. Adjusted

earnings per share from continuing

operations rose by more than 16% to

$4.62 from $3.96. CVS generated USD

$6.5 billion in free cash flow in 2015, and

the company’s dividends per share rose in

2015 to $1.40 from $1.10.

Tenant Overview

9

INVESTMENT SALES • ADVISORY SERVICES • SALE LEASEBACKS • DEBT PLACEMENT

Exclusively Marketed By

PLEASE CONTACT

JEFFREY S. THOMAS

THOMAS COMPANY210 Third Avenue South | Suite 5C

Seattle, WA 98104800.775.3350

jeff@thomascompany.com

THOMASCOMPANY.COM

Offered in coordination and conjunction with:

IL: Tim Flanagan, 630.954.7310 | LA: Richard Kirschman, 504.486.8964 | MI: Levi Smith, 248.262.1807 | MO: Steven Veal, 314.477.9090 | NC: Jim Johnson, 336.882.8780

NM: Sean McMullan, 505.821.1662 | OH: Homer Guren, 216.514.1800 | OK: Patrick Coates, 918.610.0700 | TX: Scott Haire, 214.725.1110 | WV: Gillian Greenfield, 540.974.3927