THORNTON, CO(DENVER MSA)

2F INANCIAL ANALYSIS

CHRISTIAN BROTHERS AUTOMOTIVE - THORNTON, COPRICING & FINANCIAL ANALYSIS

OFFERING SUMMARY

Price $3,300,000

Cap Rate 6.00%

Net Operating Income $198,000

Year Built 2017/2018

Gross Leasable Area 4,921 SF

Lot Size 1.063 Acres

LEASE SUMMARY

Lease Term 15 Years

Lease Commencement At Close of Escrow

Lease Expiration 15 Years from COE

Remaining Term 15 Years

Lease Type NNN

Roof & Structure Tenant

Increases 1.5% Starting in Yr 6

Options 5 x 10 Year

Options to Purchase None

ANNUALIZED OPERATING DATA

Year(s) Annual Increase

Yrs 1-5 $198,000 -

Yr 6 $200,970 1.50%

Yr 7 $203,985 1.50%

Yr 8 $207,044 1.50%

Yr 9 $210,150 1.50%

Yr 10 $213,302 1.50%

Yr 11 $216,502 1.50%

Yr 12 $219,749 1.50%

Yr 13 $223,046 1.50%

Yr 14 $226,391 1.50%

Yr 15 $229,787 1.50%

NET OPERATING INCOME $198,000

Christian Brothers Automotive5703 E 136th Ave

Thornton, CO 80602

For Financing Options Please Contact:

Greg Holley | Managing PartnerHigh St Capital(O) 469-998-7200 | (C) 714.514.2990gholley@highstcapital.com

3PROPERTY DESCRIPTION

CHRISTIAN BROTHERS AUTOMOTIVE - THORNTON, COTENANT OVERVIEW

COMPANY SUMMARY

Company Christian Brothers Automotive

Ownership Private

Market Cap See Agent for Details

Sales Volume See Agent for Details

Number of Locations 180+

Years in Business 35+ Years

Headquarters Houston, TX

Website www.cbac.com

Christian Brothers Automotive was founded in 1982 because there was a void in the auto repair industry. Customer service and honest, genuine auto repair service was tough to find. They haven’t changed their focus in thirty years. They still have some of the original employees on board, and they still believe that it’s possible to provide the best auto repair service with the best customer service. In 2008, Christian Brothers announced a growth initiative that would take their brand to approximately 175 stores throughout the southeast, lower midwest and southwest United States by 2017.

4PROPERTY DESCRIPTION

CHRISTIAN BROTHERS AUTOMOTIVE - THORNTON, COINVESTMENT HIGHLIGHTS

Estimated Vehicles Per Day

Average Household Income

Projected Population Growth 2018-2023

Population: 5 Mile Radius

161,70810.10%

$114,70519,279

S N A P S H O T• Long-Term Absolute Triple-Net Lease

• Zero Landlord Responsibility

• 15-Year Primary Term with Options up to 65 Years

• One and One-Half Percent Annual Rent Escalations

• Strong Corporate Guarantee

• Christian Brothers started in 1982, is Growing at 15-20 Locations per Year, Currently Has Over 180 Locations and Never Closed a Store

• Average Household Income in the Area is 1.5x the National Average at $114,705

• More Than 161,708 People in a 5 Mile Radius - 18.28% Growth Since 2010 and a Projected Growth of 10.10% in the Next 5 Years

• Traffic Counts Along 136th Ave Exceed 19,200 Vehicles Per Day and 12,800 Vehicles Per Day Along Holly St

• Surrounding National Retailers Include Walmart Supercenter, Lowe’s, Hobby Lobby, Cabela’s, Target, Staples, AMC Theaters, Starbucks, Dollar Tree, Sprouts and Many More

5PROPERTY DESCRIPTION

CHRISTIAN BROTHERS AUTOMOTIVE - THORNTON, COELEVATION

Note: this is the generic evelation plan for a typical Christian Brothers Automotive location. Actual subject property may vary depending on location.

6PROPERTY DESCRIPTION

CHRISTIAN BROTHERS AUTOMOTIVE - THORNTON, COSITE PLAN

Note: this is the generic site plan for all Christian Brothers Automotive locations. Actual subject property may vary depending on location.

7PROPERTY DESCRIPTION

CHRISTIAN BROTHERS AUTOMOTIVE - THORNTON, COAERIAL MAP

THE ORCHARD TOWN CENTER

THORNCREEK CROSSING

136th AVE

HO

LLY

ST

19,279 VPD

12,881 VPD

8PROPERTY DESCRIPTION

CHRISTIAN BROTHERS AUTOMOTIVE - THORNTON, COLOCAL MAP

9MARKET OVERVIEW

CHRISTIAN BROTHERS AUTOMOTIVE - THORNTON, COMARKET OVERVIEW

Denver is the capital and most-populous municipality in the U.S. state of Colorado. It is located just east of the foothills of the Rocky Mountains. Denver is nicknamed the Mile High City because its official elevation is exactly one mile (5280 feet) above sea level. Denver is ranked as a Beta-world city by the Globalization and World Cities Research Network. It has an estimated population of 704,621 in 2017, making it the 19th-most populous city, and with a 17.41% increase since 2010 U.S. Census, it has been one of the fastest- growing major cities in the United States. Denver is the most populous city of the 18-county Front Range Urban Corridor, an oblong urban region stretching across two states with an estimated 2016 population of 4,833,260. In 2016, Denver was named the best place to live in the United States by U.S. News & World Report.

The Denver MSA has a gross metropolitan product of $157.6 billion in 2010, making it the 18th largest metro economy in the United States. Denver’s economy is based partially on its geographic position and its connection to some of the country’s

major transportation systems. Because Denver is the largest city within 500 miles, it has become a natural location for storage and distribution of goods and services to the Mountain States, Southwest states, as well as all western states. Another benefit for distribution is that Denver is nearly equidistant from large cities of the Midwest and some large cities of the West Coast. Naturally, Denver is home to large corporations, making the city a key trade point for the country.

Denver has also enjoyed success as a pioneer in the fast-casual restaurant industry, with many popular national chain restaurants founded and based in Denver. Chipotle Mexican Grill, Quiznos, and Smashburger were founded and headquartered in Denver. Geography also allows Denver to have a considerable government presence, with many federal agencies based or having offices in the Denver area. Along with federal agencies come many companies based on US defense and space projects, and more jobs are brought to the city by virtue of its being the capital of the state of Colorado.

Denver, CO

#1

#2

10

15M

Best Places for Business and Careers(2016, Forbes)

Best Place to Live(2017, U.S. News & World Report)

O V E R V I E W Q U I C K S TAT S

Fortune 500 Companies Call Denver Home (Fortune)

Tourists Visits the Area Each Year

10MARKET OVERVIEW

CHRISTIAN BROTHERS AUTOMOTIVE - THORNTON, CODEMOGRAPHIC STATISTICS

Demographic data © CoStar 2018

1 MILE 3 MILE 5 MILE

Population:2023 Projection 12,825 83,951 176,6462018 Estimate 11,648 76,701 161,7082010 Census 9,240 63,789 136,720Growth 2018-2023 10.10% 9.45% 9.24%Growth 2010-2018 26.06% 20.24% 18.28%2018 Population Hispanic Origin 2,460 15,913 41,060

2018 Population by Race:White 9,974 67,177 141,800Black 234 1,482 3,491Am. Indian & Alaskan 122 953 2,524Asian 865 4,440 8,350Hawaiian & Pacific Island 25 133 296Other 427 2,515 5,246U.S. Armed Forces: 0 85 130

Households:2023 Projection 4,019 28,606 61,5772018 Estimate 3,663 26,197 56,5412010 Census 2,945 21,848 48,169Growth 2018 - 2023 9.72% 9.20% 8.91%Growth 2010 - 2018 24.38% 19.91% 17.38%Owner Occupied 3,397 21,257 41,762Renter Occupied 266 4,940 14,779

2018 Avg Household Income (National Avg - $75,558) $114,705 $110,540 $99,937 2018 Med Household Income (National Avg - $53,889) $98,318 $94,048 $85,002 2018 Households by Household Inc:

<$25,000 143 1,295 4,177$25,000 - $50,000 408 3,268 9,087$50,000 - $75,000 615 4,334 10,593$75,000 - $100,000 714 5,514 11,031$100,000 - $125,000 592 3,899 7,822$125,000 - $150,000 479 2,814 4,859$150,000 - $200,000 400 2,974 5,248$200,000+ 313 2,099 3,724

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from STRIVE and it should not be made available to any other person or entity without the written consent of STRIVE. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to STRIVE.

This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. STRIVE has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.

CONFIDENTIALITY AGREEMENT

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

STRIVE hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. STRIVE expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release STRIVE and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Net Lease Disclaimer

TYPES OF REAL ESTATE LICENSE HOLDERS:• ABROKERisresponsibleforallbrokerageactivities,includingactsperformedbysalesagentssponsoredbythebroker.• ASALESAGENT mustbesponsoredbyabrokerandworkswithclientsonbehalfofthebroker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):• Puttheinterestsoftheclientaboveallothers,includingthebroker’sowninterests;• Informtheclientofanymaterialinformationaboutthepropertyortransactionreceivedbythebroker;• Answertheclient’squestionsandpresentanyoffertoorcounter-offerfromtheclient;and• Treatallpartiestoarealestatetransactionhonestlyandfairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): Thebrokerbecomesthepropertyowner’sagentthroughanagreementwiththeowner,usuallyinawrittenlistingtosellorpropertymanagementagreement.Anowner’sagentmustperformthebroker’sminimumdutiesaboveandmustinformtheownerofanymaterialinformationaboutthepropertyortransactionknownbytheagent,includinginformationdisclosedtotheagentorsubagentbythebuyerorbuyer’sagent.

AS AGENT FOR BUYER/TENANT: Thebrokerbecomes thebuyer/tenant’sagentbyagreeing to represent thebuyer,usually throughawrittenrepresentationagreement.Abuyer’sagentmustperformthebroker’sminimumdutiesaboveandmustinformthebuyerofanymaterialinformationaboutthepropertyortransactionknownbytheagent,includinginformationdisclosedtotheagentbythesellerorseller’sagent.

AS AGENT FOR BOTH - INTERMEDIARY: Toactasanintermediarybetweenthepartiesthebrokermustfirstobtainthewrittenagreementofeachpartytothetransaction.Thewrittenagreementmuststatewhowillpaythebrokerand,inconspicuousboldorunderlinedprint,setforththebroker’sobligationsasanintermediary.Abrokerwhoactsasanintermediary:• Musttreatallpartiestothetransactionimpartiallyandfairly;• May,withtheparties’writtenconsent,appointadifferentlicenseholderassociatedwiththebrokertoeachparty(ownerand• buyer)tocommunicatewith,provideopinionsandadviceto,andcarryouttheinstructionsofeachpartytothetransaction.• Mustnot,unlessspecificallyauthorizedinwritingtodosobytheparty,disclose:

ӽ thattheownerwillacceptapricelessthanthewrittenaskingprice;ӽ thatthebuyer/tenantwillpayapricegreaterthanthepricesubmittedinawrittenoffer;andӽ anyconfidentialinformationoranyotherinformationthatapartyspecificallyinstructsthebrokerinwritingnottodisclose,unlessrequiredtodosobylaw.

AS SUBAGENT: Alicenseholderactsasasubagentwhenaidingabuyerinatransactionwithoutanagreementtorepresentthebuyer.Asubagentcanassistthebuyerbutdoesnotrepresentthebuyerandmustplacetheinterestsoftheownerfirst.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:• Thebroker’sdutiesandresponsibilitiestoyou,andyourobligationsundertherepresentationagreement.• Whowillpaythebrokerforservicesprovidedtoyou,whenpaymentwillbemadeandhowthepaymentwillbecalculated.

LICENSE HOLDER CONTACT INFORMATION: Thisnoticeisbeingprovidedforinformationpurposes.Itdoesnotcreateanobligationforyoutousethebroker’sservices.Pleaseacknowledgereceiptofthisnoticebelowandretainacopyforyourrecords.

Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov

Information About Brokerage Services

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