REPRESENTATIVE PHOTO

HOOTERS | ABSOLUTE NNN LEASED OFFERING

8207 W IRLO BRONSON MEMORIAL HWY, K ISS IMMEE, FL 34747

OFFERING MEMORANDUM Presented By: MICHAEL PAEZ | VICE PRESIDENT OF INVESTMENT SALES T: 415.312.7279 E: mpaez@thekasegroup.com BRE#01937246

DISCLAIMER & CONFIDENTIALITY

WWW.THEK ASEGROUP.COM | HOOTERS KISSIMMEE, FL

The material contained in this Investment Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of The Kase Group or Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Property Owner (“Owner”) in connection with the sale of the Property is The Kase Group Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Investment Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to The Kase Group.

Neither The Kase Group Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future performance of the Property. This Offering Brochure may include certain statements and estimates by The Kase Group with respect to the projected future performance of the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such es mates will be achieved. Further, The Kase Group Advisor and the Owner disclaim any and all liability for representations or warranties, ex- pressed or implied, contained in or omitted from this Investment Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or The Kase Group Advisor, nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Investment Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Investment Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any me with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Investment Offering Brochure or making an offer to purchase the Property unless and un l the Owner executes and delivers a signed Real Estate Purchase Agreement on terms accept- able to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and The Kase Group Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

WWW.THEK ASEGROUP.COM | HOOTERS KISSIMMEE, FL

4 INVESTMENT OVERVIEW

5 FINANCIAL SUMMARY

6 TENANT OVERVIEW

7 LOCATION AERIAL

8 DEMOGRAPHICS

9 AREA OVERVIEW

10 LOCATION ATTRIBUTES

TABLE OF CONTENTS

MICHAEL PAEZ | VICE PRESIDENT OF INVESTMENT SALES T: 415.312.7279 E: mpaez@thekasegroup.com BRE#01937246

WWW.THEK ASEGROUP.COM | HOOTERS KISSIMMEE, FL | 4

INVESTMENT HIGHLIGHTS

OFFERING SPECIFICATIONS

Subject property is a 6,138 square foot Hooters restaurant located in Kissimmee, FL. Hooters is completing a full remodel of the building and will be signing a brand new 20 year NNN corporate backed lease . The restaurant is strategically located on Irlo Bronson Memorial Highway, which winds through several Disney theme parks and exposes the property to over 55,000 cars per day. Subject property is an out parcel to a Publix grocer and other surrounding retailers include: Target, Applebee’s, Olive Garden, Bahama Breeze, Panera Bread, T.J. Maxx, Dollar Tree, Texas Roadhouse and LongHorn Steakhouse among others. The area will soon also be home to the Jimmy Buffett’s 320 acre Margaritaville Resort set to open late 2017.

NEW 20 YEAR ABOSLUTE NNN LEASE

UNDERGOING AN EXTENSIVE REMODEL

100% FEE SIMPLE INTEREST

ZERO LANDLORD OBLIGATIONS

SCHEDULED INCREASES IN RENT

OUTPARCEL TO PUBLIX GROCER AND NEAR MAJOR RETAILERS

HIGH VISIBILITY LOCATION - 67,800+ (AADT)

CLOSE PROXIMITY TO DISNEY WORLD ATTRACTIONS & LODGING

PRICE $4,470,588

CAP RATE 5.10%

NET OPERATING INCOME $228,000

SQUARE-FOOTAGE 6,138

LOT SIZE 1.61 AC

INVESTMENT OVERVIEW

WWW.THEK ASEGROUP.COM | HOOTERS KISSIMMEE, FL | 5

FINANCIAL SUMMARY

SUMMARY

TENANT NAME HOOTERS - HOA HOLDCO, LLC

SQUARE FOOTAGE 6,138

LEASE BEGINS 06/01/2017

LEASE ENDS 05/31/2037

ANNUAL RENT $228,000

OPTIONS TWO, 5 YEAR

INCREASES 10% INCREASES EVERY 5 YEARS

HOOTERS | ABSOLUTE NNN LEASED OFFERING8207 W IRLO BRONSON MEMORIAL HWY, K ISS IMMEE, FL 34747$4 ,470,5885 .10% CAPFEE S IMPLE OWNERSHIP

OPERATING SUMMARY

NET OPERATING INCOME CAP RATE

YEARS 1-5 $228,000 5.10%

YEARS 6-10 $250,800 5.61%

YEARS 11-15 $275,880 6.17%

YEARS 16-20 $303,468 6.79%

OPTION 1 $333,815 7.47%

OPTION 2 $367,196 8.21%

ABOUT HOOTERS

Hooters was appropriately incorporated on April Fool’s Day, 1983, whensix businessmen with absolutely no previous restaurant experience gottogether and decided to open a place they couldn’t get kicked out of.Soon after, on October 4th of that year, the doors to the first HootersRestaurant opened in Clearwater, Florida. The now famous “Hooters Six”were: L.D. Stewart, a painting contractor; Gil DiGiannantonio, a liquorsalesman; “Uncle Billy” Ranieri, a retired service station owner; EdDroste, a real estate executive; Dennis Johnson, a brick mason by trade;and Ken Wimmer, a partner in the painting business with L.D. Strangegroup.

Out of their fertile imaginations – and more R & R than R & D – came theconcept of Hooters. The restaurant would combine their favorite manlyfinger foods with the 50’s and 60’s music they felt best exemplified ahappy, nostalgic time in most Americans’ memories. Then came the wood.Lots of wood. Walls, floors, tables, bars-Denny & L.D. put it everywhere,choosing T1-11 as the exterior of choice because it was the cheapest.Although fun, once opened, the pressure to succeed was intense (twoof the Hooters Six were Italian). So Droste, the marketing guy, donneda chicken suit and stood in traffic waving people in the door (many stillconsider the costume a great improvement in his wardrobe). Shortly afterthe trick in the costume (and a little event known as Super Bowl), thelittle joint’s fame began to spread. Now you know which came first, thechicken or the Super Bowl. They had a hunch, but little did the HootersSix knew how much the public yearned for a fun, casual alternative tothe existing fern bars and fine dining establishments. Hooters was tobecome an oasis. An oasis with great food.

CONCEPT OVERVIEW

430+LOCATIONS

10,000 +EMPLOYEES

PRIVATELYHELD

$

WWW.THEK ASEGROUP.COM | HOOTERS KISSIMMEE, FL | 6

GLOBALLOCATIONS

WWW.THEK ASEGROUP.COM | HOOTERS KISSIMMEE, FL | 7

LOCATION AERIAL

WWW.THEK ASEGROUP.COM | HOOTERS KISSIMMEE, FL | 8

3 MILES 5 MILES 10 MILES

TOTAL POPULATION 3,747 16,530 101,452

TOTAL NUMBER OF HOUSEHOLDS 1,489 6,731 38,268

AVERAGE HOUSEHOLD INCOME $68,838 $69,812 $82,002

MEDIAN AGE 33 39.6 37.6

DEMOGRAPHICS

WWW.THEK ASEGROUP.COM | HOOTERS KISSIMMEE, FL | 9

KISSIMMEE, FLORIDA

Kissimmee is a city in central Florida’s Osceola County, just south of Orlando. It’s defined by its proximity to the region’s multitude of amusement parks, including the massive Walt Disney World Resort complex. The city lies along the northwest shore of Lake Tohopekaliga (nicknamed Lake Toho), and its verdant Kissimmee Waterfront Park encompasses walking paths, playgrounds and a fishing pier.

AREA OVERVIEWDEMOGRAPHICS 3 MILES 5 MILES 10 MILES

TOTAL POPULATION 3,747 16,530 101,452

TOTAL NUMBER HOUSEHOLDS 1,489 6,731 38,268

TOTAL NO. PERSONS PER HOUSEHOLD 2.5 2.5 2.7

AVERAGE HOUSE VALUE $300,714 $263,665 $370,769

AVERAGE HOUSEHOLD INCOME $68,838 $69,812 $82,002

MEDIAN AGE 33 39.6 37.6

MEDIAN AGE - MALE 33 39.2 37.5

MEDIAN AGE - FEMALE 32.5 39.9 37.6

POPULATION WHITE 2,843 13,078 79,824

POPULATION BLACK 286 1,008 6,358

POPULATION HISPANIC 634 2,939 22,180

POPULATION ASIAN 253 730 5,557

POPULATION PACIFIC ISLANDER 0 3 18

POPULATION AMERICAN INDIAN 27 87 241

POPULATION OTHER 232 919 6,325

LOCATION ATTRIBUTES

MARGARITAVILLE RESORT HIGHLIGHTS

JIMMY BUFFETT’S MARGARITAVILLE RESORT

The Hooters property will neighbor Jimmy Buffett’s Margaritaville Resort. The resort will open in phases. The first of the rental homes will be available in the fourth quarter of 2017.The entire project will be complete by 2022. The $750 million dollar investment will encompass 320 acres. The site will have 1,000 vacation rental homes, a newly constructed hotel, 300 timeshares, and a 200,000 square foot shopping plaza. Margaritaville will also have a 12-acre water park. The new resort is expected to have nearly 4 million visitors.

WWW.THEK ASEGROUP.COM | HOOTERS KISSIMMEE, FL | 10

• 320 ACRE DEVELOPMENT WITH OVER $750 MILLION IN INVESTMENT

• 1,000 VACATION RENTAL HOMES

• 300 TIMESHARES

• 200,000 SF SHOPPING PLAZA AND A 12 AC WATER PARK

KISSIMMEE | FLORIDA

OFFERING MEMORANDUMHOOTERS | ABSOLUTE NNN LEASED OFFERING8207 W IRLO BRONSON MEMORIAL HWY, K ISS IMMEE, FL 34747

MICHAEL PAEZ | VICE PRESIDENT OF INVESTMENT SALES T: 415.312.7279 E: mpaez@thekasegroup.com BRE#01937246

WWW.THEK ASEGROUP.COM