Offering MemorandumPortfolio Investment Opportunity Available for Sale

Napa Auto PartsA Division of Genuine Parts Company

PRESENTED BY:Ashley W. Smith, CCIM, SIOR Danny S. Chase, SIORPrincipal Principal DIRECT +1 912 662 8011 DIRECT +1 912 662 8012 EMAIL ashley.smith@colliers.com EMAIL danny.chase@colliers.com

COLLIERS INTERNATIONAL P. 2NAPA AUTO PARTS | OFFERING MEMORANDUM CONTACT: ASHLEY W. SMITH DIRECT: +1 912 662 8011 • DANNY S. CHASE DIRECT: +1 912 662 8012

Table of Contents> OFFERING SUMMARY

Financial Overview ................................................................................................................... 3

Tenant Overview ....................................................................................................................... 3

Lease Overview ........................................................................................................................ 3

Investment Highlights ............................................................................................................... 3

> ABOUT THE FRANCHISENAPA Auto Parts ..................................................................................................................... 4

> PORTFOLIO OF PROPERTIES3815 Ogeechee Road Savannah, GA ....................................................................................... 5

1564 Dean Forest Road Savannah, GA .................................................................................... 5

315 U.S. Highway 80 Savannah, GA ....................................................................................... 6

3926 Community Road Brunswick, GA.............OFF MARKET ................................................ 6

> PROPERTY MAP .................................................................................................................... 7

> DEMOGRAPHICS ................................................................................................................... 8

> LIMITING CONDITIONSLimiting Conditions & Contact Information ............................................................................. 9

The material contained in this Offering Memorandum is confidential, furnished solely for the purpose of considering the acquisition of Genuine Parts Company & Napa Auto Parts locations and is not to be used for any other purpose or made available to any other person without the express written consent of Colliers International. The material is based in part upon information obtained from the Seller and in part upon information obtained by Colliers International from sources they deem to be reliable. Summaries contained herein of any legal documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Prospective purchasers should make their own investigations, projections, and conclusions. It is expected that prospective investors will conduct their own independent due diligence concerning the Property, including such engineering inspections as they deem necessary to determine the condition of the Property and the existence or absence of any potentially hazardous material used in the construction or maintenance of the building or located at the land site. No representations expressed or implied are made as to the foregoing matters by Colliers International. or assignees. See “Limiting Conditions.” Colliers Investment Services Group (“CISG”) is a specialty practice group sanctioned and coordinated by Colliers International.

COLLIERS INTERNATIONAL P. 3NAPA AUTO PARTS | OFFERING MEMORANDUM CONTACT: ASHLEY W. SMITH DIRECT: +1 912 662 8011 • DANNY S. CHASE DIRECT: +1 912 662 8012

All information is furnished from sources deemed reliable. No warranty or representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease, financing or withdrawal without notice.

OFFERING MEMORANDUM | NAPA AUTO PARTS

Investment HighlightsOffering Summary

PORTFOLIO OF PROPERTIES> Savannah, GA 3815 Ogeechee Road 1564 Dean Forest Road 4315 U.S. Highway 80

> Brunswick, GA 3926 Community Road

FINANCIAL OVERVIEW4 Location Portfolio

Type of Ownership: Fee Simple

Base Annual Rent: $ 161,400

Lease Type: NN

Increases: 5% Per Term

Asking Price REDUCED: $ 2,152,000 $2,017,500

$1,462,500 8% Cap Rate

TENANT OVERVIEWTenant: Genuine Parts Company

2013 Gross Revenue: $14,077,843,000

2013 Net Profit: $3,358,768,000

Headquarters: Atlanta, Georgia

LEASE OVERVIEWLease Commencements: May 1, 2015

Lease Terms: 5 years, 6 months

Options: (2) 5 year options to renew

Tenant Responsibilities: Taxes, insurance & maintenance

Landlord Responsibilities: Roof, structure, parking lot and HVAC replacement

> Strong Tenant & Guaranteed Rental Income - Genuine Parts Company operates over 6,100 NAPA Auto Parts locations nationally with over 80 years of distribution and service experience.

> Below Market Rents - Each of the offered properties rent at an average of $6.30/SF, NN, well below market avearge.

> Below Average Asking Prices - The average cost of each building is $80/SF, which is well below replacement cost.

> Growth Potential - The Savannah MSA is a rapidly growing area with favorable demographics; $54,077 average household income and 84,953+ population, within a seven-mile radius of the Savannah locations.

OFF

MARKET

COLLIERS INTERNATIONAL P. 4NAPA AUTO PARTS | OFFERING MEMORANDUM CONTACT: ASHLEY W. SMITH DIRECT: +1 912 662 8011 • DANNY S. CHASE DIRECT: +1 912 662 8012

All information is furnished from sources deemed reliable. No warranty or representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease, financing or withdrawal without notice.

OFFERING MEMORANDUM | ABOUT THE FRANCHISE

DBA: Napa Auto Parts

Today, 91% of do-it-yourself customers recognize the NAPA

brand name.

NAPA AUTO PARTS Stores are known for:

• Having over 6,100 NAPA AUTO PARTS Stores nationwide

• Its 64 strategically located distribution centers serving all 50 states

• Over 422,000 quality parts and accessories for automotive and industrial applications—the most extensive inventory in the industry

• NAPA AUTO PARTS Classification—a unique inventory control system that helps you find the exact part that you need

http://www.napaonline.com/about.aspx

Tenant Year Founded: 1928 Corportate headquarters: Atlanta, Georgia 2013 Gross Revenue: $14,077,843,000 2013 Net Profit: $3,358,768,000

Founded in 1928, Genuine Parts Company (GPC) is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. Products and services are offered through a network of over 2,000 operations, geographically located across the United States, Canada and Mexico. With over 80 years of distribution expertise, the well-positioned, regionally located distribution centers provide them with the unique ability to adapt their product and service lines to better suit the customers’ needs. GPC’s commitment and reputation for just-in-time service position them as a critical partner in their customers’ success.

GPC began to diversify its product lines over 30 years ago into several end-markets with strong growth opportunities. Although each product is unique, they have leveraged more than 80 years of distribution know-how to manage these businesses the GPC way - continually improving operating and distribution efficiencies.

AUTOMOTIVE The Automotive Parts Group, the largest division of GPC, distributes over 380,000 products through it’s 58 NAPA distribution centers located across the United States. The Automotive Parts Group also consists of NAPA Canada/UAP Inc., Canada’s leading automotive parts distributor, as well as Auto Todo, one of Mexico’s largest automotive aftermarket organizations. Additionally, we operate our heavy vehicle parts distribution business under the name TW Distribution and Traction, and our import parts distribution operations under the name Altrom.

INDUSTRIAL The Industrial Parts Group, which operates under the name Motion Industries, distributes over three million items from 500 operations located throughout the Unites States and Canada. Motion’s rapid-delivery model provides customized product and technical expertise to customers in a just-in-time response, enabling clients to reduce production costs and free working capital. Its People, Products, and Processes are the foundation for growth at Motion Industries.

OFFICE The Office Products group distributes over 50,000 business products from 45 distribution centers across the U.S. and Canada under the name S.P.Richards Company to thousands of office product resellers, including independent dealers, large contract stationers, national office supply superstores, mail order distributors, internet resellers and college bookstores.

ELECTRICAL The Electrical/Electronic Materials Group is one of North America’s leading distributors of process materials, production supplies, industrial MRO and value added fabricated parts. Primary markets are the electrical OEM, apparatus repair and assembly markets. The group distributes over 100,000 items from 36 locations in the U.S., Puerto Rico, Dominican Republic, Mexico and Canada.

http://www.genpt.com/portal/page/portal/GENPT.COM/about

COLLIERS INTERNATIONAL P. 5NAPA AUTO PARTS | OFFERING MEMORANDUM CONTACT: ASHLEY W. SMITH DIRECT: +1 912 662 8011 • DANNY S. CHASE DIRECT: +1 912 662 8012

All information is furnished from sources deemed reliable. No warranty or representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease, financing or withdrawal without notice.

OFFERING MEMORANDUM | PROPERTY INFORMATION

315 U.S. HIGHWAY 80GARDEN CITY, GA 31408

building size 7,000 square feet lot size .514 acres type Free Standing year built 1967, Renovated in 2009 zoning C-2-A (Garden City)commercial frontage ±140’

lease commencement October 2013 annual base rent $45,000lease term 5 yearsoptions (2) 5 year options to renewincreases 5% per termlease type NNtenant responsibilities Taxes, insurance & maintenancelandlord responsibilities Roof, structure, parking lot and HVAC replacement

asking price reduced! $600,000 $562,500

Portfolio of Properties • Information obtained from Chatham County & Glynn County Board of Assesors Property Cards •

* actual location shown * actual location shown

3815 OGEECHEE ROADSAVANNAH, GA 31405

building size 6,400 square feet lot size .56 acres type Free Standing year built 1982, Renovated in 1998 zoning B-C (Chatham County Unincorporated)commercial frontage ±108’

lease commencement October 2013 annual base rent $36,000lease term 5 yearsoptions (2) 5 year options to renewincreases 5% per termlease type NNtenant responsibilities Taxes, insurance & maintenancelandlord responsibilities Roof, structure, parking lot and HVAC replacement

asking price reduced! $480,000 $450,000

COLLIERS INTERNATIONAL P. 6NAPA AUTO PARTS | OFFERING MEMORANDUM CONTACT: ASHLEY W. SMITH DIRECT: +1 912 662 8011 • DANNY S. CHASE DIRECT: +1 912 662 8012

All information is furnished from sources deemed reliable. No warranty or representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease, financing or withdrawal without notice.

OFFERING MEMORANDUM | PROPERTY INFORMATION

Portfolio of Properties • Information obtained from Chatham County Board of Assesors Property Cards •

1564 DEAN FOREST ROADSAVANNAH, GA 31408

building size 4,740 square feet lot size .79 acres type Free Standing year built 1984 zoning P-C-2-A (Garden City, GA)commercial frontage ±150’

lease commencement October 2013 annual base rent $36,000lease term 5 yearsoptions (2) 5 year options to renewincreases 5% per termlease type NNtenant responsibilities Taxes, insurance & maintenancelandlord responsibilities Roof, structure, parking lot and HVAC replacement

asking price reduced! $480,000 $450,000

* actual location shown * actual location shown

3926 COMMUNITY ROADBRUNSWICK, GA 31520

building size 7,560 square feet lot size .81 acres type Free Standing year built 1984, Renovated in 1998 zoning HCcommercial frontage ±310’

lease commencement October 2013 annual base rent $44,400lease term 5 yearsoptions (2) 5 year options to renewincreases 5% per termlease type NNtenant responsibilities Taxes, insurance & maintenancelandlord responsibilities Roof, structure, parking lot and HVAC replacement

asking price reduced! $592,000 $555,000

OFF

MARKET

COLLIERS INTERNATIONAL P. 7NAPA AUTO PARTS | OFFERING MEMORANDUM CONTACT: ASHLEY W. SMITH DIRECT: +1 912 662 8011 • DANNY S. CHASE DIRECT: +1 912 662 8012

All information is furnished from sources deemed reliable. No warranty or representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease, financing or withdrawal without notice.

OFFERING MEMORANDUM | LOCATION MAP

Location Map

BRUNSWICK

SAVANNAH

SAVANNAH

3815 Ogeechee Rd

1564 Dean Forest Rd

315 U.S. Hwy 80

3926 Community RdOFF

MARKET

COLLIERS INTERNATIONAL P. 8NAPA AUTO PARTS | OFFERING MEMORANDUM CONTACT: ASHLEY W. SMITH DIRECT: +1 912 662 8011 • DANNY S. CHASE DIRECT: +1 912 662 8012

All information is furnished from sources deemed reliable. No warranty or representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease, financing or withdrawal without notice.

OFFERING MEMORANDUM | DEMOGRAPHICS

Demographics • US CENSUS BUREAU 2013 •

3815 Ogeechee Road Savannah, GA 31405

Radius 1 Mile 3 Mile 5 Mile

Population: 5,256 42,093 120,071Households: 2,077 14,989 47,262Avg. Household Income: $45,596 $37,981 $44,219

Traffic Counts

Ogeechee Road: 30,956 vehicles per day

1564 Dean Forest Road Savannah, GA 31408

Radius 1 Mile 3 Mile 5 Mile

Population: 879 13,355 59,661Households: 331 4,669 21,322Avg. Household Income: $52,324 $56,320 $56,805

Traffic Counts

Dean Forest Road: 16,357 vehicles per day

315 U.S. Highway 80 Savannah, GA 31408

Radius 1 Mile 3 Mile 5 Mile

Population: 3,232 24,015 79,120Households: 1,174 7,724 29,523Avg. Household Income: $39,233 $37,056 $41,038

Traffic Counts

U.S. Highway 80: 17,873 vehicles per day

3926 Community Road Brunswick, GA 31520

Radius 1 Mile 3 Mile 5 Mile

Population: 3,940 29,751 48,027Households: 1,656 11,784 18,333Avg. Household Income: $43,675 $46,372 $48,427

Traffic Counts

Community Road: 14,241 vehicles per day

OFF

MARKET

COLLIERS INTERNATIONAL P. 9NAPA AUTO PARTS | OFFERING MEMORANDUM CONTACT: ASHLEY W. SMITH DIRECT: +1 912 662 8011 • DANNY S. CHASE DIRECT: +1 912 662 8012

All information is furnished from sources deemed reliable. No warranty or representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease, financing or withdrawal without notice.

OFFERING MEMORANDUM | LIMITING CONDITIONS

Limiting Conditions

Contact Information

This Offering Memorandum was prepared by Colliers International and has been reviewed by the Seller. It contains selected information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. All financial projections are provided for general reference purposes only and are based on assumptions relating to the general economy, competition, and other factors, which therefore are subject to material change or variation. An opportunity to inspect the Property will be made available to qualified prospective purchasers.

In this Offering Memorandum, certain documents, including leases and other materials, are described in summary form and do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents.

This Offering Memorandum is subject to prior placement, errors, omissions, changes, or withdrawal without notice and does not constitute a recommendation, endorsement, or advice as to the value of the Property by Colliers International or the Seller. Each prospective purchaser is to rely upon its own investigation, evaluation, and judgment as to the advisability of purchasing the Property described herein.

Seller, Colliers International expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate discussions with any party at any time with or without notice. Seller shall have no legal commitment or obligation to any purchaser reviewing this Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller, and any conditions to Seller’s obligations thereunder have been satisfied or waived. Colliers International is not authorized to make any representations or agreements on behalf of the Seller.

This Offering Memorandum is the property of Colliers International and may be used only by parties approved by Colliers International. The Property is privately offered, and by accepting this Offering Memorandum, the party in possession hereof agrees (i) to return it to Colliers International and (ii) that this Offering Memorandum and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwise reproduced or disclosed to anyone without prior written authorization of Colliers International and the Seller.

The terms and conditions set forth above apply to this Offering Memorandum in its entirety.

DANNY S. CHASE, SIOR

PrincipalDIRECT: 912 662 8012 danny.chase@colliers.com

ASHLEY W. SMITH, CCIM, SIOR

PrincipalDIRECT: 912 662 8011 ashley.smith@colliers.com

NAPA Auto PartsA Division of Genuine Parts Company

Offering MemorandumPortfolio Investment Opportunity

Colliers International

545 E. York StreetSavannah, GA 31401 | USA MAIN: +1 912 233 7111 FAX: +1 912 236 1200WEBSITE: www.colliers.com/savannah