Cooper Commercial Investment Group 6120 Parkland Blvd., Suite 206 Cleveland, OH 44124 www.coopergrp.com

Bob Havasi bhavasi@coopergrp.com (888) 525-5695 x10

Dan Cooper dcooper@coopergrp.com (888) 525-5695 x12

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INVESTMENT SUMMARY

Investment Highlights …………….……… 4

Investment Overview …………………..… 5

Location Overview …………………………. 6

Offering Summary …….………….………… 7

Tenant Overview ………..………………….. 8

PROPERTY ANALYSIS

Site Plans ……………………………………… 10-11

Aerial Map ..…………………….……………. 12

Location Maps .………………….…………… 13

Demographics ..………………….…...……… 14

Disclosure & Confidentiality …....……… 15

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Single-Tenant Ground Lease Location with High-Profile, McDonald’s (NYSE: MCD/S&P BBB+/Moody's B2): Recently Extended Term (18 Years Remaining) with Multiple Rental Increases, Plans for a Future Remodel & Two-Lane Drive-Thru

Ground Lease Structure: Tenant Responsible for ALL Expenses Directly, Creating No Management Responsibilities to the New Owner (McDonald’s Has Been Operating at This Location for Over 27 Years)

Freestanding McDonald's Strategically Positioned as Outlot Location to Great Eastern Shopping Center (Dollar General, Super Dollar Tree & Sally Beauty) and Centrally Located Along Main Retail Corridor Surrounded by Other Complimentary National Retailers: Meijer, Applebee’s, Menard’s, Advance Auto Parts, Arby’s and Taco Bell

Desirable Suburban Community with Short Commute to Toledo (5.5 Miles) with Immediate Proximity to High-Profile Employers: ProMedica Bay Park Hospital (0.5 Miles), Toledo Refining Company/PBF Energy and the Sunoco Pipeline (1.4 Miles) With 600+ Employees Between Both Plants Creating a Constant Flow of Traffic to the McDonald’s

Strong, Densely Populated Location with Over 108,500 Within a 5-Mile Radius Plus Students Attending the Adjacent Owens Community College (8,500 Students) and the University of Toledo (23,085 Students and Academic Staff of Nearly 2,300 Members)

Along Woodville Road with Highly Visible, Prominent Signage and Situated Within Close Proximity From Major Crossroads: I-280, I-80 and I-75; Only Minutes From International Seaport, Inland Port, Air Cargo Hub and International Airport

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INVESTMENT HIGHLIGHTS

Northwood McDonald’s

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INVESTMENT OVERVIEW The Cooper Commercial Investment Group has been exclusively retained by

ownership to sell the 100% fee simple interest in the McDonald’s Ground

Lease location in Northwood, Ohio, a suburb approximately 5.5 miles south

of Toledo. The property recently extended the ground lease for 20 years

through 2035 picking up all four option periods from the original term (18

years of lease term remaining) with multiple rental increases throughout

the term and adding four additional option periods. The McDonald’s also

has plans for a future remodel along with adding a second drive-thru lane.

Being on a Ground Lease, the new owner will have no management

responsibilities as the tenant is responsible for all expenses directly. The

property is being offered for $1,295,000, representing a 4.00% CAP Rate,

providing an investor with the opportunity to acquire an exceptionally

stable tenant in an economically strong market.

The 5,590 S.F. building accommodates McDonald’s (NYSE: MCD/S&P

“BBB+”/Moody’s “B2”) who has been in this location since it was built (27

years) and hand-picked this site for their desire to be located directly in

front of Great Eastern Shopping Center, a 336,112 square foot property that

is home to several high-profile, national retailers, including: Super Dollar

Tree, Dollar General, Sally Beauty Supply, Curves and H & R Block. Meijer,

Applebee’s, Menard’s, Advance Auto Parts, Arby’s and Taco Bell are all also

located in the direct vicinity. The popular tenants provide a steady flow of

activity at the area. The property is also surrounded by a heavy population

and employment density. ProMedica Bay Park Hospital is located 0.5 miles

from the property and is a 72 private bed hospital with a professional office

building with doctor’s offices and outpatient rehabilitation. Additionally,

the Toledo Refining Company/PBF Energy and the Sunoco Pipeline are

located 1.4 miles from the property and offer 600+ employees between

both plants that work hand-in-hand on a 282-acre site to the area creating a

constant flow of activity at the center. Furthermore, the area attracts

suburban residents, along with students that attend the adjacent Owens

Community College (8,500 students) and the University of Toledo (23,085

students). The population within 5-miles is over 108,500 people.

The property was developed with high visibility and prominent signage

along Woodville Road, one of the most heavily traveled roadways in

Northwood with direct access to I-280 and Route 2. The property sits just

west of I-280, which is a 12.41-mile-long highway that connects I-75 in

northeast Toledo with I-80/I-90 southeast of the city in northeastern Wood

County. Several rail lines intersect in Northwood, providing easy access to

local, state, national and international markets. The City of Northwood is

only minutes away from an international seaport, an inland port, an air

cargo hub and international airport.

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It might be only a mile wide and have a total area of 8.4 square miles, but the City of

Northwood is full of economic opportunity. Located in the middle of rapidly growing Wood

County, Northwood, Ohio, is only a few miles from the intersection of the Ohio Turnpike and

I-75, a major crossroad to consumer and industrial markets. Northwood is located 5.5 miles

southeast of Toledo, Ohio. The property also sits just west of I-280, which is a 12.41-mile-long

highway that connects I-75 in northeast Toledo with I-80/I-90 southeast of the city in

northeastern Wood County. Several rail lines intersect in Northwood, providing easy access to

local, state, national and international markets. The City of Northwood is only minutes away

from an international seaport, an inland port, an air cargo hub and an international airport.

Located virtually at the crossroads of North America's most accessible highways, Northwood

is at the center of it all. From Canada to Florida, I-75 connects the north and south. Interstate

80/90 bisects I-75 five miles south of Northwood providing direct links between Northwest

Ohio and the east and west coasts. Northwood is located within the Toledo Metropolitan

Commercial Truck Zone, and because of this, access to the services of some 100 truck lines as

well as air freight and United Parcel Services are readily accessible. Additionally, several

major employers are within the direct vicinity of the McDonald’s, including Bay Park

Community Hospital (72 private bed hospital with a professional office building with doctor’s

offices and outpatient rehabilitation), Toledo Refining Company/PBF Energy and Sunoco

Pipeline (600+ employees between both plants that work hand-in-hand on a 282-acre site),

creating a constant flow of activity to the McDonald’s.

In addition to its accessibility to the nation's best transportation network, Northwood is

centered in an area that offers exceptional educational, technological and cultural resources.

Education, training and job training options to match the needs of any industry abound.

Immediately adjacent to Northwood is Owens Community College which specializes in

technical education, training and workplace literacy programs. At least 25 other colleges and

universities are within a one hour drive, including the University of Toledo, Bowling Green

State University, the Medical College of Ohio and the University of Michigan.

Being a suburb of Toledo, the fourth most populous city in the State of Ohio and the county seat of Lucas County, the property is surrounded by a large population and employment base. The largest employer in Toledo is the University of Toledo. The university boasts 23,085 students an academic staff of nearly 2,300 members. The healthcare industry is now the city's biggest employment sector with the university operating a 450-acre Health Science campus, also known as the University of Toledo Medical Center. The metro area is also home to three Fortune 500 companies: Dana Corporation, Owens Corning and Owens Illinois. Additionally, Fifth-Third Bank's Northwest Ohio headquarters is located in Downtown Toledo. Toledo is known as the Glass City because of its long history of innovation in all aspects of the glass industry: windows, bottles, windshields, construction materials, and glass art, of which the Toledo Museum of Art has a large collection. Several large glass companies have their origins in Toledo. Owens-Illinois, Owens Corning, Libbey Glass, Pilkington North America (formerly Libbey Owens Ford), and Therma-Tru have long been a staple of Toledo's economy. Toledo grew quickly as a result of the Miami and Erie Canal and its position on the railway line between New York and Chicago. It has since become a city well known for its industry, particularly in glass and auto assembly, as well as for its art community, education, healthcare, and local sports teams.

LOCATION OVERVIEW

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Rental Income:

Tenant Reimbursements:

Effective Gross Income:

Expenses:

NOI:

$51,750

$0

$51,750

$0

$51,750

Financial Data

Price:

Gross Leasable Area:

NOI:

CAP Rate:

Year Built:

Lot Size:

Parking:

Exterior:

$1,295,000

5,590 S.F.

$51,750

4.00%

1990

1.46 Acres

Approx. 47 Spaces

Block/Metal

OFFERING SUMMARY

Tenant Name:

Lease Type:

Remaining Lease Term:

Tenant Since:

Lease Expiration Date:

Option to Extend:

Rental Increase (s):

Options to Terminate:

Roof:

HVAC:

Parking Lot Repair & Maintenance:

Common Area Maintenance:

Real Estate Taxes:

Insurance:

Structure:

McDonald’s

Ground Lease

18 Years

1990

7/23/2035

(4) 5-Yr. Options

Yes

None

Tenant Responsibility

Tenant Responsibility

Tenant Responsibility

Tenant Responsibility

Tenant Pays Directly

Tenant Responsibility

Tenant Responsibility

TENANT SUMMARY

$4,312.50

$4,743.75

$5,218.17

$5,739.92

$6,313.92

$6,945.33

$7,640.75

$8,403.83

$51,750.00

$56,925.00

$62,618.00

$68,879.00

$75,767.00

$83,344.00

$91,678.00

$100,846.00

Current:

Bump (2020):

Bump (2025):

Bump (2030):

Option 1:

Option 2:

Option 3;

Option 4:

Annual PSF

$9.26

$10.18

$11.20

$12.32

$13.55

$14.91

$16.40

$18.04

Monthly

Tenant Base Rent Schedule

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Property Name:

Property Address:

Property Type:

Rentable Area:

Ticker Symbol:

Moody’s Credit Rating:

S&P Credit Rating:

# of Locations:

Headquartered:

Web Site:

McDonald’s

2700 Woodville Road

Northwood, OH 43619

Ground Lease

5,590 S.F.

NYSE: MDC

“B2”

“BBB+”

36,899+

Oakbrook, IL

www.mcdonalds.com

Founded in 1940, McDonald’s Corporation operates and franchises

McDonald’s restaurants in the U.S. and internationally. The company

reports operation of 36,899 restaurants, including 31,230 franchised

restaurants comprising 21,559 franchised to conventional franchisees,

6,300 licensed to development licensees, 3,371 licensed to foreign

affiliates, and 5,669 company-operated restaurants. The company's

restaurants offer various food products, soft drinks, coffee, and other

beverages, including famous items from the menu including the Big Mac,

Quarter Pounder with Cheese, Filet-O-Fish, several chicken sandwiches,

Chicken McNuggets, wraps, french fries, salads, oatmeal, shakes,

McFlurry desserts, sundaes, soft serve cones, pies, and McCafe

beverages. In addition, the restaurants sell a range of other products

during limited-time promotions. McDonald's restaurants also offer a full

or limited breakfast menu. Breakfast offerings may include Egg

McMuffin, Sausage McMuffin with Egg, McGriddles, biscuit and bagel

sandwiches, and hotcakes.

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Former Woodville Mall

Sunoco Pipeline Co.

Refining Plant

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2700 Woodville Rd 1 mi radius 3 mi radius 5 mi radius 10 mi radius

Northwood, OH 43619-1447

POPULATION

2017 Estimated Population 2,982 49,753 108,574 363,003

2022 Projected Population 2,899 49,170 111,696 362,734

2010 Census Population 2,927 50,407 110,433 371,635

2000 Census Population 3,099 53,228 119,694 396,513

2017 Median Age 38.1 36.7 35.2 37

HOUSEHOLDS

2017 Estimated Households 1,273 20,204 44,092 155,493

2022 Projected Households 1,280 20,677 46,948 160,771

2010 Census Households 1,202 19,699 43,187 153,128

2000 Census Households 1,290 20,579 46,233 160,671

Projected Annual Growth 2017 to 2022 0.1% 0.5% 1.3% 0.7%

RACE AND

ETHNICITY

2017 Estimated White 91.7% 82.1% 68.4% 71.0%

2017 Estimated Black or African American 2.3% 7.4% 21.7% 21.4%

2017 Estimated Asian or Pacific Islander 1.1% 0.7% 0.8% 1.4%

2017 Estimated American Indian or Native Alaskan 0.4% 0.5% 0.5% 0.3%

2017 Estimated Other Races 4.6% 9.3% 8.6% 5.9%

2017 Estimated Hispanic 9.7% 13.5% 12.3% 7.4%

INCOME

2017 Estimated Average Household Income $60,892 $52,424 $47,294 $55,402

2017 Estimated Median Household Income $53,126 $45,024 $39,551 $47,337

2017 Estimated Per Capita Income $26,138 $21,371 $19,576 $23,922

EDUCATION

(AGE 25+)

2017 Estimated Elementary (Grade Level 0 to 8) 2.7% 4.2% 4.7% 3.0%

2017 Estimated Some High School (Grade Level 9 to 11) 9.3% 11.2% 13.1% 9.3%

2017 Estimated High School Graduate 35.3% 39.3% 35.8% 32.9%

2017 Estimated Some College 27.8% 24.0% 24.2% 23.9%

2017 Estimated Associates Degree Only 10.4% 9.7% 9.2% 10.1%

2017 Estimated Bachelors Degree Only 12.0% 7.8% 8.3% 13.1%

2017 Estimated Graduate Degree 2.5% 3.9% 4.6% 7.6%

BUSINESS

2017 Estimated Total Businesses 222 1,576 4,999 15,138

2017 Estimated Total Employees 2,918 18,598 74,049 211,706

2017 Estimated Employee Population per Business 13.2 11.8 14.8 14.0

2017 Estimated Residential Population per Business 13.5 31.6 21.7 24.0

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DISCLOSURE, CONFIDENTIALITY & DISCLAIMER

CONFIDENTIALITY AGREEMENT DISCLOSURE & DISCLAIMER The information within this Offering Memorandum will set forth an understanding regarding the relationship between the Recipient of this package (the “Recipient”) and The Cooper Group and the confidentiality of the investment information to be supplied to you and your organization for use in considering, evaluating and/or purchasing this property (the “Property”). The recipient acknowledges that all financial, contractual, marketing, and informational materials including but not limited to lease information, occupancy information, financial information, projections, data information and any other similar information provided by The Cooper Group which relates to the Property (collectively, the Confidential Information), whether said information was transmitted orally, in print, in writing or by electronic media is confidential in nature and is not to be copied or disseminated to any party without the prior consent of The Cooper Group. The Recipient acknowledges and agrees that the Confidential Information is of such a confidential nature that severe monetary damage could result from dissemination of that information to unauthorized individuals. The Recipient shall limit access to the Confidential Information to those individuals in the Recipient’s organization with a “need to know” and shall take all precautions reasonably necessary to protect the confidentiality of the Confidential Information. The Recipient acknowledges and agrees that the Confidential Information and any copies thereof are the property of The Cooper Group and that all such information will be returned to The Cooper Group upon written request. Any offers or inquiries from Recipient in connection with this investment proposal shall be forwarded, confidentiality, to The Cooper Group. Other than The Cooper Group, recipient agrees that neither Recipient nor The Cooper Group shall be obligated to pay any procuring broker fees in connection with this investment unless a separate written Brokerage Agreement is entered into and written acknowledgement of any procuring Brokerage Agreement is received from all parties to the investment transaction. Procuring brokers must provide written introductions of potential investors and receive written acknowledgment from The Cooper Group for representation to be recognized. This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.

The Memorandum contains selected information pertaining to the property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property, to be all-inclusive or to contain all or part of the information which perspective Recipients may require to evaluate the purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the owner or The Cooper Group. All references disclosed herein related to acreage, square footages and/or other measurements may be approximations and the best information available. The summaries of information included herein do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Photos herein are the Property and respective owners and use of these images without the express written consent of the owner is prohibited. The owner and the Cooper Group expressly reserve the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or terminate discussions with any entity and any time with or without notice which may arise as a result of review of this Memorandum. Neither the owner or the Cooper Group, nor any of their respective directors, officers, affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or its contents; and you are to rely solely on your investigators and inspections of the property in evaluating a possible purchase of the Property. The information contained in this document has been obtained from sources to be reliable. While the Cooper Group does not doubt its accuracy, the Cooper Group has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm the accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the Property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors.

Cooper Commercial Investment Group 6120 Parkland Blvd., Suite 206 Cleveland, OH 44124 www.coopergrp.com

Bob Havasi bhavasi@coopergrp.com (888) 525-5695 x10

Dan Cooper dcooper@coopergrp.com (888) 525-5695 x12