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2 DISCLOSURE : All materials and information received or derived from Fortis Net Lease (hereinafter collectively referred to as FNL ), its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty by FNL its directors, officers, agent s, advisors, or affiliates as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, suitability, financial performance of the property, projected financial performance of the property for any party s intended use or any and all other matters. Neither FNL its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party s active conduct of its own due diligence to determine these and other matters of significance to such party. FNL will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. ALL PARTIES SHALL CONDUCT THEIR OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE: Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. FNL makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. FNL does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by FNL in compliance with all applicable fair housing and equal opportunity laws. LISTING PROPOSAL PRESENTED BY: Robert Bender Managing Partner rbender@fnlre.com Fortis Agents Cooperate Click Here To Meet The Team

3 INVESTMENT SUMMARY List Price: $1,521,000 Current NOI: $98,880 Initial Cap Rate: 6.50% Average Cap NOI: $113,354 Average Cap Rate: 7.45% Land Acreage:.92 Acres Year Built: 2013 Building Size: 2,120 SF Google Aerial Map: Click HERE Google Street View: Click HERE LEASE SUMMARY Lease Type: Taxes, CAM, & Insurance: Roof, Structure & Parking: Lease Term: Rent Commencement: Rent Increases: Option Periods: Guarantor: Absolute NNN Tenant Tenant 10 Year Close of Escrow 3% Annually (5) Five Year Options Franchisee (2 Locations) INVESTMENT HIGHLIGHTS 3% Annual Rent Increases Absolute Net Lease Zero Landlord Responsibilities E-Commerce Resistant Tenant Free Standing Einstein Bagels Restaurant on.92 Acres The Building Was Completely Renovated in 2013 Healthy Sales Volume With A Profitable Rent-To-Sales Ratio Strong Management Team/Franchisee With 40+ Years Experience LOCATION HIGHLIGHTS Located on E Brainerd Rd. (29,700 VPD) Just off I-75 (102,000 VPD) Near Hamilton Mall Arguably The Busiest Local Retail Zone 5 Miles From the Chattanooga Metropolitan Airport 5 Mile Population Exceeds 99,500 Residents 4.18% Projected Population Growth Within 1 Mile by 2022 Average Household Income Exceeds $74,000 Within 3 Miles Median Home Value Exceeds $180,000 Within 3 Miles More Than 30,000 Cars Per Day Pass Out-Front Website: Einstein Bagels E I N S T E I N B R O S. B A G E L S F O R T I S N E T LE A S E

4 INVESTMENT OVERVIEW Fortis Net Lease is pleased to present a Einstein Bros. Bagel restaurant located at 7737 E. Brainerd Road in Chattanooga, TN. The building was built in 2013 and is located in one of the busiest retail areas in Chattanooga. The subject property has over 99,500 residents within five miles and is located on a major retail corridor. The median home value within three miles exceeds $180,000 and the average household income exceeds $74,000. The subject property is located near other national retail tenants including Starbucks, CVS, AMC Theatre, Old Navy, JoAnn Fabrics, PetSmart, Panera Bread, Walgreens, Chili s, Five Guys, Ulta and Regal Cinemas. TENANT OVERVIEW Einstein Bros. Bagels is a bagel and coffee chain in the United States. As of 2012, there were approximately 800 restaurants with the Einstein Bros. name. Einstein Bros. was created by a chain restaurant corporation Boston Chicken (now Boston Market) in 1995, as a way to market breakfast foods. The chain is now owned by Einstein and Noah Corp., a wholly owned subsidiary of Einstein Noah Restaurant Group, Inc., previously known as New World Restaurant Group. Einstein Noah Restaurant Group, Inc. owns, operates, franchises and licenses bagel specialty restaurants in the United States under brands such as Einstein Bros., Noah s Bagels, Manhattan Bagel, Chesapeake Bagel Bakery and New World Coffee. The company currently employs over 6,500 full-time employees. At Einstein Bros. Bagels, they believe in the bagel. They believe it has the power to do amazing things giving customers a reason to look forward to morning office meetings or an afternoon escape or even the simple joy of a shmear mustache on their kid s face. It s why they get to the store at 2am every day and bake fresh bagels every four hours, so their bagels are as fresh and delicious as possible. It s why they only use the finest ingredients to create the most inspiring flavors. It s why they do everything possible to make their customers day that much better. To spread a little more joy and happiness in the world. To laugh, smile and enjoy each other s company that much more. And to Einstein Bros. Bagels, there s no better way to do that than with the bagel. E I N S T E I N B R O S. B A G E L S F O R T I S N E T LE A S E

5 Chattanooga, TN Chattanooga is a city in the state of Tennessee, with a population of 177,571 in The fourth-largest Tennessee city, it is the seat of Hamilton County. Located in southeastern Tennessee, on the Tennessee River, served by multiple railroads and Interstate highways, Chattanooga is a transit hub. Chattanooga lies 120 miles northwest of Atlanta, Georgia, 120 miles southwest of Knoxville, Tennessee, 135 miles southeast of Nashville, Tennessee, 120 miles northeast of Huntsville, Alabama, and 148 miles northeast of Birmingham, Alabama. The city, with a downtown elevation of approximately 680 feet, lies at the transition between the ridge-and-valley portion of the Appalachian Mountains and the Cumberland Plateau. Surrounded by mountains and ridges, the official nickname for Chattanooga is the Scenic City, reinforced by the city's reputation for outdoor activities. Unofficial nicknames include River City, Chatt, Nooga, Chattown, and Gig City, referencing Chattanooga's claims that it has the fastest internet service in the Western Hemisphere. Chattanooga is home to the University of Tennessee at Chattanooga (UTC) and Chattanooga State Community College. Chattanooga s economy includes a diversified and growing mix of manufacturing and service industries. Tourism and Hospitality has been a growing part of Chattanooga s economy, with 2014 being the First year for Hamilton County to surpass $1 billion in revenue. Chattanooga is the fourth largest city in the State of Tennessee. It has been named by Lonely Planet as the "Best in the U.S." and "10 U.S. destinations you need to see in 2018". In fact, the New York Times named Chattanooga one of the "Top 45 Places to go" in the World. And it's no wonder. Tucked between the mountains of Southeast Tennessee, along the beautiful Tennessee River, Chattanooga is one of America's most breathtaking cities. Chattanooga has been recognized several times over the decades, including the prestigious All-America City Award and being recognized as a Tree City USA community. Only four United States destinations were named, and the Scenic City was the only place outside of California. E I N S T E I N B R O S. B A G E L S F O R T I S N E T LE A S E

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13 Traffic Counts One Mile From Interstate 75 and Two Miles From Hamilton Place Mall - One of the Busiest Retail Areas in Chattanooga E I N S T E I N B R O S. B A G E L S F O R T I S N E T LE A S E

14 99,523 People Live Within 5 Miles Top Employers in Chattanooga, TN Erlanger Health System Dept. of Education Blue Cross Blue Shield of TN Tennessee Valley Authority Memorial Health Care System McKee Foods Corporation Average Household Income Exceeds $74,000 Within 3 Miles E I N S T E I N B R O S. B A G E L S F O R T I S N E T LE A S E

15 D E M O G R A P H I C S U M M A R Y Population 1 Mile 3 Miles 5 Miles 2017 Total Population: 6,309 44,942 99, Population: 6,573 46, ,799 Pop Growth : 4.18% 3.76% 3.29% Average Age: Households 2017 Total Households: 2,941 19,210 40,564 HH Growth : 3.98% 3.73% 3.31% Median Household Inc: $56,263 $56,232 $51,328 Avg Household Size: Avg HH Vehicles: Housing Median Home Value: $163,818 $180,350 $160,824 Median Year Built: Population: 1 Mile 3 Miles 5 Miles 2022 Projection 6,573 46, , Estimate 6,309 44,942 99, Census 5,748 41,736 94,425 Growth % 3.76% 3.29% Growth % 7.68% 5.40% 2017 Population Hispanic Origin 351 2,695 5, Population by Race: White 4,954 35,014 73,176 Black 869 6,607 20,491 Am. Indian & Alaskan Asian 363 2,316 3,619 Hawaiian & Pacific Island Other ,746 Households: 2022 Projection 3,058 19,926 41, Estimate 2,941 19,210 40, Census 2,726 17,938 38,574 Growth % 3.73% 3.31% Growth % 7.09% 5.16% Owner Occupied 1,549 11,603 26,420 Renter Occupied 1,392 7,608 14, Avg Household Income $71,912 $74,439 $67, Med Household Income $56,263 $56,232 $51, Households by Household Inc: <$25, ,780 9,256 $25,000 - $50, ,634 10,474 $50,000 - $75, ,680 7,816 $75,000 - $100, ,245 4,623 $100,000 - $125, ,864 3,075 $125,000 - $150, ,520 2,655 $150,000 - $200, ,372 $200, ,291 E I N S T E I N B R O S. B A G E L S F O R T I S N E T LE A S E

16 LISTING PROPOSAL PRESENTED BY: Robert Bender Managing Partner All information is believed to be accurate but is not represented or warranted by Fortis Commercial, LLC.