INVESTMENT OPPORTUNITY Store # 228 Sioux City, IA

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Shonda Rogers
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SINGLE-TENANT 100% ABSOLUTE NNN LEASE 1925 S Lakeport Street, Sioux City 20 Year Absolute Triple Net Lease $3,215,000 5.85% CAP After Tax IRR of 10.

* *IRS Circular 230 Disclosure: Agent and its affiliates do not provide tax advice and nothing contained herein should be construed to be tax advice.

for the purpose of avoiding US tax related penalties; and (ii) was written to support the promotion or marketing of the transaction or other matters addressed herein.

1 SINGLE-TENANT 100% ABSOLUTE NNN LEASE 1925 S Lakeport Street, Sioux City 20 Year Absolute Triple Net Lease $3,215, % CAP After Tax IRR of 10.82%* Eligible for 100% bonus depreciation in 2018 providing a significant tax benefit.* *IRS Circular 230 Disclosure: Agent and its affiliates do not provide tax advice and nothing contained herein should be construed to be tax advice. Please be advised that any discussion of US tax matters contained herein (including any attachments) (i) is not intended or written to be used, and cannot be used, by the recipient of any information for the purpose of avoiding US tax related penalties; and (ii) was written to support the promotion or marketing of the transaction or other matters addressed herein. Accordingly, any recipient of this offering and information contained herein should seek advice based on your particular circumstances from an independent tax advisor. Representative photo INVESTMENT HIGHLIGHTS 20 Year Absolute Triple Net Lease with 13 years remaining on the lease 7.5% rent increase effective every 5 years for initial 20 year term Zero landlord responsibilities Ideal property for 1031 exchange Four (4) five-year options to renew, with a 7.5% rent increase 100% Bonus Depreciation

2 THE TENANT HIGHLIGHTS Revenues: Over $2.9 billion in 2014 Rank: 20th largest convenience store operator in the nation Rank: 177 th largest private company as ranked by Forbes Over fifty-five years ago, W.A. Krause and T.S. Gentle pioneered a convenience store concept where people could purchase gas & groceries. But more than that, they pioneered a belief system. For four generations, our family is still dedicated to giving our customers more than they expect. It s why we give 10% of our profits to good causes in our communities. And, why every time you see an & in and around our stores, you ll know that we created something special just for you. It s another way we are delivering more every day. More Convenience: From fuel options to fresh pizza slices, fountain drinks and everything in between we strive to offer the right products at the right locations to quickly meet the needs of our customers and provide energy for their day. More Service: Our friendly associates deliver excellent customer service through our GUEST process. We have fun delivering all the little extras to delight our customers. Whether its ensuring the restrooms are clean, or making sure the coffee is hot & ready, we pride ourselves on the service we provide to our customers. More surprises: Kum & Go donates 10% of our profits to good causes in our communities. While that might be surprising to some, for us it s just part of who we are and what we believe in. It s the little things, like free air for tires and free samples, that exceed our customers expectations each and every day. Kum & Go s goal is to be the #1 convenience retailer in the U.S. They are excited about this goal and are motivated by those words from the president and CEO, Kyle Krause: We want to be the best in the industry. We are doing a lot of things well, but we have to keep improving to get to where we want to be. We want to be a great company doing the right things for our communities, our customers and our associates. Store Number #228 Address Building Size Land Size THE PROPERTY 1925 S Lake Court Street Sioux City, IA 4,958 SF Year Built 2011 Lessee Lease Type Landlord Responsibilities Lease Commencement 1.07 Acres 46,466 SF THE LEASE Kum and Go, L.C. Absolute Net None 20 year NNN lease, 13 years left on lease with options to renew Lease Expiration November 30, 2031 App. Annual Rent $188,125 Renewal Options Four (4) five-year options Rent Increases 7.5% rent increase effective every 5 years for remainder of 20 year lease

OFFERING CBRE/Hubbell Commercial is pleased to offer for sale a 4,958 square foot freestanding retail property on 46,466 square feet of land which is net leased to Kum & Go for twenty years.

INVESTMENT HIGHLIGHTS: Excellent credit tenant ranked 20th largest convenience store operator in the nation 2017 marks Kum & Go s 58 th year of business 7.

3 OFFERING CBRE/Hubbell Commercial is pleased to offer for sale a 4,958 square foot freestanding retail property on 46,466 square feet of land which is net leased to Kum & Go for twenty years. The property is offered at a price of $3,215,000. Based on this price the cap rate is 5.85%. INVESTMENT HIGHLIGHTS: Excellent credit tenant ranked 20th largest convenience store operator in the nation 2017 marks Kum & Go s 58 th year of business 7.5% rent increase effective every 5 years during initial term New construction using latest in green technology and convenience store design Corporate Lease with Kum & Go, L.C. Corporate Environmental Indemnification INVESTMENT SUMMARY: Price: $3,215,000 Cap Rate: 5.85% Size: Lease Expiration: Lease Structure: 4,958 SF (Bldg) / 46,466 SF (Lot) 20 year lease Absolute Net App. Annual Rent: $188,125 Representative Photo

4 AREA DEMOGRAPHICS SIOUX CITY, IA MARKET HIGHLIGHTS Sioux City is the 4 th largest city in the state of Iowa, nestled along the rolling Loess Hills along the Missouri River. In 2018, Sioux City was ranked in the Top 10 Most Livable Small Cities by Smart Asset. The city is rich with arts and entertainment with attractions like the Sioux City Art Museum or taking in a show by The Sioux City Symphony. Considered a hub for the Siouxland area, Sioux city is a great place for outstanding business opportunities and offers an excellent quality of life. THE PROPERTY LOCATION: Located near US HWY 29 and HWY 20 Close proximity to Morningside College Located off Morningside Avenue, a major thoroughfare MILE Population 13,195 33,583 82,626 Median Household Income $49,281 $47,845 $44,759 AREA HIGHLIGHTS: Home to Briar Cliff University, Morningside College, St. Luke s College of Nursing and Health Sciences, Tri-State Graduate Center and Western Iowa Tech Community College Hard Rock Hotel & Casino features over 100,000 SF of entertainment for residents and tourist Ranked #4 for Easiest Place in Iowa to Sell a Home by Smart Asset in 2017 In 2016, Sioux City Economic Development received the Silver Award of Excellence in Entrepreneurship by the International Economic Development Council

5 SITE PLAN i N

6 AERIAL VIEW i N

7 CONTACT PRESENTED BY: Tyler Dingel, CCIM Senior Vice President P: CBRE Hubbell Commercial 6900 Westown Parkway West Des Moines, IA LISTING#

ABSOLUTE NNN INVESTMENT (FEE SIMPLE)

ABSOLUTE NNN INVESTMENT (FEE SIMPLE) 1624 E Howard Ln Austin, TX 78753 COLLIERS INTERNATIONAL 3 PARK PLAZA, SUITE 1200 IRVINE, CA 92614 SNYDER/CARLTON TEAM PRICING List Price $3,184,200 NOI $151,250 CAP