Columbia, SC

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O F F E R I N G M E M O R A N D U M™

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TABLE OF CONTENTS

BRIANNA BURGESS Senior Associate

DIRECT 310.919.5825 MOBILE 858.603.0532brianna.burgess@matthews.com

LIC # 01980639 (CA)

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KYLE MATTHEWSBroker Of Record LIC # 22684 (SC)

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Investment Highlights

PROPERTY DETAILS: » Tenant recently extended the lease for an additional 5 years bringing the total lease term to 6 years » Three 5-years options to renew the lease » Tenant will increase the rent by 8% or CPI at the beginning of each option, working as a strong hedge against inflation » Tenant is responsible to pay taxes, insurance and utilities directly. Landlord shall reimburse tenant up to a maximum of $8,000 (tenant

improvement allowance), to be used once throughout the remainder of the lease for any necessary and proven improvement, repair or maintenance.

» Cheap rent – tenant is paying below market rent of $10.44/SF providing landlord long term security

Executive Overview

TENANT DETAILS: » NTB is a leading tenant in the auto service industry owned by TBC Corporation - NTB specializes in tire and battery replacement along with

other mechanical services » TBC Corporation operates about 2,400 North American retail locations and is owned by Sumitomo Corporation of America (SCOA) » At the beginning of this year, Michelin North America Inc. and SCOA announced their definitive agreement to combine their service operations

in a 50-50 joint venture, at which time TBC Corp was valued at $1.5B » This new JV forms the second-largest tire service operation in the US, and eventually will operate under a new brand name, NTW

LOCATION DETAILS: » The property benefits from its proximity to I-26 with over 130,000 vehicles passing each day » Excellent access to the location with two curb cuts and direct access for both sides of traffic » Strong demographics with nearly 125,000 residents in a 5-mile radius and an average household income of $64,090 » Other major retailers in the area include Walmart, Sam’s Club, Target, Office Depot, AMC, Wells Fargo and McDonald’s to name a few

Executive OverviewFinancial Overview

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Columbia, SC

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Annualized Operating DataMonthly Rent Annual Rent Rent/SF Cap Rate

Current $9,908.00 $118,896.00 $10.35 6.93%

9/1/19 $10,000.00 $120,000.00 $10.44 7.00%

9/1/2024 (Opt 1) $10,800.00 $129,600.00 $11.28 7.56%

9/1/2029 (Opt 2) $11,664.00 $139,968.00 $12.18 8.16%

9/1/2034 (Opt 3) $12,597.12 $151,165.44 $13.16 8.82%

Tenant Summary

Tenant Trade Name NTB

Type of Ownership Fee Simple

Lease Type NNN (LL responsible for one-time Tenant Improvement Allowance)

Original Lease Term 20 Years

Increases 8% or CPI Increases in each option

Options Three, 5-Year Options

Investment Summary » OFFERING PRICE

» NOI

» CAP RATE

» TOTAL BUILDING AREA

» TOTAL LAND AREA

$1,715,000

7.00% *

± 0.94 Acres (± 41,077 SF)

$120,000

± 11,490 SF

Parcel Map

Saint Andrews Rd ±21,000 ADT

*Cap Rate is determined by upcoming rent increase

Property Overview

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Property Overview

The Offering Tenant OverviewPROPERTY NAME NTB

Property Address 640 Saint Andrews RdColumbia, SC 29210

APN 003697-02-060

SITE DESCRIPTION

Number of Stories One

GLA ± 11,490 SF

Lot Size ± 0.94 AC (± 41,077 SF)

Type of Ownership Fee Simple

Roof Flat

Exterior Brick

National Tire and Battery is an American brand of auto service centers that was created by Sears in 1997. In 2003, NTB was sold to TBC Corporation, one of the nation’s largest vertically integrated marketer of tires for the automotive replacement market. The company’s retail operations include company-operated tire and automotive service centers under the “Tire Kingdom”, “Merchant’s Tire & Auto Centers” and “National Tire & Battery” brands, and franchised stores under the “Big O Tires” brand. TBC markets on a wholesale basis to regional tire chains and distributors serving independent tire dealers throughout the United States, Canada, and Mexico. Sumitomo Corporation of America purchased TBC in 2005, ending the company’s long spell as a publicly traded company on NASDAQ. In 2018, Michelin North America Inc. and SCOA announced their definitive agreement to combine their service operations in a 50-50 joint venture. The joint venture forms the second-largest tire service operation in the United States, positioning TBC for future growth as it allow the company to focus on serving all exisiting and new customers with TBC-branded product. The company will eventually operate under a new name, NTW.

» Company Name National Tire and Battery (NTB)

» Parent Company TBC Corporation

» Headquarters Palm Beach Gardens, FL

» No. of Locations ± 3,600

» No. of Employees ± 9,400

» Website www.ntb.com

» Ownership Private

» Year Founded 1997

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Columbia, SCLocation

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Nor th

» No. of Employees ± 9,400

» Website www.ntb.com

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SURROUNDING AREA

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Columbia, SCExecutive OverviewArea Overview

Columbia is the capital city of South Carolina. The City also serves as the county seat of Richland County in central South Carolina. The South Carolina State House is in

Columbia and serves as the center of government for the state. Columbia offers so much to both visitors and residents. The City has various museums and historical sites

along with a zoo & garden, art galleries, and expansive shopping districts. The City also offers a variety of outdoor recreation including fishing, boating, camping, canoeing

and kayaking at any of the parks found in Columbia.

Columbia, SC

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Columbia has taken on the term of “The New Southern Hotspot.” With its significant

growth and revitalization, it has become a hub for talent, business, and recreation.

Columbia is home to a variety of manufacturers that focus on high tech products.

Manufacturing plays a key role in Columbia economy and overall growth of the area.

Key players in the Columbia Manufacturing industry include Westinghouse Electric,

FN manufacturing, and Intertape Polymer Group.

Healthcare is another major contributor to the Columbia economy. The Medical

University of South Carolina is a major influencer in research and advancing the

health science field in the area. Three major hospitals are also just short distances

from downtown Columbia and all contribute to health being a top employer in the

Capital City of South Carolina. Other major employers and industries in the area

include Information Technology: Blue Cross Blue Shield, USC Technology Incubator,

and IT-ology.

Economy

Columbia, SC

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DemographicsPOPULATION 1 - MILE 3 - MILE 5 - MILE

2023 Projection 12,997 56,816 124,162

2018 Estimate 12,414 54,335 118,056

2010 Census 12,050 51,294 110,119

Growth 2010-2018 3.02% 5.93% 7.21%

Growth 2018-2023 4.70% 4.57% 5.17%

HOUSEHOLDS 1 - MILE 3 - MILE 5 - MILE

2023 Projection 6,088 23,424 51,551

2018 Estimate 5,814 22,281 48,927

2010 Census 5,619 20,748 45,459

Growth 2010-2018 3.47% 7.39% 7.63%

Growth 2018-2023 4.71% 5.13% 5.36%

INCOME 1 - MILE 3 - MILE 5 - MILE

2018 Est. AverageHousehold Income $51,122 $58,260 $64,090

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UNIVERSITIESUniversity of South Carolina – ±50,099 Students

Benedict College – ±2,247 Students

Columbia College – ±1,200 Students

Allen University – ±848 Students

FORT JACKSON52,000 Acres of land

100 Ranges & Field Training Site±1,000 Buildings

Higher Education

Fort Jackson

The University of South Carolina is the state’s flagship university

and located in Columbia. There is a constant flow of sporting

events to attend at the NCAA DI University of South Carolina.

Other universities in Columbia include Allen University, Benedict

College, and Columbia College.

Columbia is also home to Fort Jackson, the largest United

States Army Installation for Basic Combat Training. Just 15 miles

Southeast of Fort Jackson is McEntire Joint National Guard Base,

which is operated by the U.S. Air Force.

Confidentiality Agreement & DisclaimerThis Offering Memorandum contains select information pertaining to the business and affairs of NTB located at 640 Saint Andrews Rd Columbia, SC 29210 (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum for the Property, you agree:

1 . The Offering Memorandum and its contents are confidential;2. You will hold it and treat it in the strictest of confidence; and3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner

detrimental to the interest of the Seller.

Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

Van Nuys, CA

N T BO F F E R I N G M E M O R A N D U M

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6 4 0 S A I N T A N D R E W S R DC O L U M B I A , S C 2 9 2 1 0

BRIANNA BURGESS Senior Associate

DIRECT 310.919.5825 MOBILE 858.603.0532brianna.burgess@matthews.com

LIC # 01980639 (CA)

KYLE MATTHEWSBroker Of Record LIC # 22684 (SC)