HAMILTON BUILDING Offering Memorandum

4651 Olde Towne Parkway | Marietta, GA 30068

Hamilton BuildingMarietta, Georgia

01. EXECUTIVE SUMMARY Investment Highlights Investment Profile

02. PORTFOLIO OVERVIEW Portfolio Building Summaries Aerial View Location Map Portfolio Building Specifications

03. TENANT OVERVIEW Tenant Summary Rent Roll

04. FINANCIAL OVERVIEW Rent Growth

05. MARKET OVERVIEW Cobb County

HAMILTON BUILDING

LARRY JAREMA Senior Vice President, Brokerage Direct: 678.392.0893 Email: ljarema@ackermanco.net

BRETT BUCHWALD Vice President, Healthcare Investment Sales Direct: 770.328.8311 Email: bbuchwald@ackermanco.net

Table of Contents

Contacts:

HAMILTON BUILDING

EXECUTIVE SUMMARY . Investment Highlights

. Investment Profile

01

Hamilton Building 4

Ackerman & Co. exclusively presents the opportunity to acquire the

Hamilton Building, located in the heart of the East Cobb market

of Marietta, GA. 4651 Olde Towne Parkway sits at a signalized

intersection with frontage along Johnson Ferry Road, which has

high traffic counts of ± 58,000 vehicles per day. The Hamilton

Building has been 100% occupied by a single tenant for the past

25 years.

Harry Norman Realtors currently has seven years remaining on their 10-year lease, which boasts above market rental escalations of 4% per year as well as below-market rents. The location across from Northside Hospital's East Cobb medical campus, as well as the high visibility along Johnson Ferry Road provide many future advantages for this location. The area’s low vacancy rates, high barriers to entry and high rents makes this an excellent investment opportunity for many years to come.

INVESTMENT HIGHLIGHTS

NNN lease structure provides landlord protection from increasing operating expense

Above market annual escalations of 4%

Below market rents

High visibility along Johnson Ferry Road with traffic counts of 58,000 VPD

Hard corner of signalized intersection

Minimal landlord responsibilities

- Landlord responsible for roof, structure, parking, HVAC replacement split by tenant and landlord

Tenant has 25-year operating history at this location

EXECUTIVE SUMMARY

INVESTMENT PROFILE

SQUARE FEET TOTAL: 12,286 SF

OCCUPANCY: 100%

YEAR-ONE NOI: $262,920

ASKING PRICE: $3,995,000

CAP Rate: 6.58%

HAMILTON BUILDING

PORTFOLIO OVERVIEW . Aerial Views

. Location Map

. Portfolio Building Specifications

02

MERCHANT'S WALK

WOODLAWN SQUARE

WOODLAWN POINT

PARKAIRE LANDING

JOHNSON FERRY RD

JOH

NSO

N FER

RY R

D

JO

HN

SON

FERRY

RD

LOWER ROSWELL RD

LOWER ROSWELL RD LOWER ROSWELL RD

WO

OD

LAW

N D

R

120 ROSWELL RD

Hamilton Building 6

AERIAL VIEW

PROPERTY OVERVIEW

4651 Olde Towne Pwky Marietta, GA

WellStar Medical Group Woodlawn Commons

Northside Family Medicine & Urgent Care

Marietta

KennesawRoswell

Dunwoody

Alpharetta

G W I N N E T T

D E K A L B

F U LT O N

R O C K D A L E

W A L T O N

C L A Y T O N

F A Y E T T E

C O W E T A

D O U G L A S

B A R T O W

C O B B

H E N R Y

H A L LFORSYTH

Sandy Springs

NorthAtlanta

Tucker

Redan

Forest Park

East Point

Atlanta

Duluth

Smyrna

Mableton

Douglasville

78

278

41

139

92

120

92

9

19

Hamilton Building 7

LOCATION MAP

PROPERTY OVERVIEW

4651 Olde Towne Pwky Marietta, GA

Hamilton Building 8

BUILDING SPECIFICATIONS

PROPERTY OVERVIEW

ADDRESS: 4651 Olde TowneMarietta, GA 30068

BUILDING DESCRIPTION: Class B office building, steel frame

YEAR BUILT: 1987; Renovated 2017

FLOORS: 3-story building with elevator

SQUARE FOOTAGE: 12,286 SF

SITE ACREAGE: .95± AC

ZONING: Commercial

PARKING/RATIO: 44± spaces, Ratio of 3.5/1,000 SF

PARCEL NUMBER: 01006800080

HAMILTON BUILDING

TENANT OVERVIEW . Tenant Summary

. Rent Roll

03

Hamilton Building 10

HARRY NORMAN REALTORS - HN REAL ESTATE GROUP, LLC(12 Locations)

Founded in 1930, Harry Norman, REALTORS ® is Atlanta’s oldest and largest residential real estate firm with 12 sales offices, various franchise and satellite offices, and more than 1,000 real estate professionals. Harry Norman, REALTORS ® is a wholly-owned subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate. Harry Norman, REALTORS ® is the exclusive Atlanta affiliate of Christie’s International Real Estate and achieves additional international exposure through membership in such exclusive real estate networks as Who’s Who in Luxury Real Estate and Leading Real Estate Companies of the World®.

More information is available at www.harrynorman.com.

TENANT SUMMARY

TENANT OVERVIEW

SQUARE FOOTAGE12,286± SF

LEASE EXPIRATION8/31/26

Hamilton Building 11

RENT ROLL

TENANT OVERVIEW

TENANT SF PRO RATA COMMENCEMENT DATE

EXPIRATION DATE

CURRENT RATE PSF

MONTHLY RENT

ANNUAL RENT ESCALATIONS TENANT EXPENSE LANDLORD EXPENSE

Harry Norman Realtors - HN Real Estate Group, LLC

12,286 100% 9/1/1994 8/31/2026 $21.40 $21,920 $262,9204%

Annual Escalations

Taxes, Insurance, CAM, HVAC Maintenance,

50% of HVAC Replacement

Roof, Structure, Parking, 50% of

HVAC Replacement

TOTAL 12,286 100% $21,920 $262,920

EXPENSES

Rental Revenue $262,920.40

Insurance $13,021.00

Taxes $20,393.13

Total $33,414.13

Gross Operating Income $229,506.27

Reimbursable Expenses

Insurance $13,021.00

Taxes $20,393.13

NOI $262,920.40

HAMILTON BUILDING

FINANCIAL OVERVIEW . Rent Growth

04

Hamilton Building 13

RENT GROWTH

FINANCIAL OVERVIEW

PERIOD SF RENTAL RATE MONTHLY ANNUAL CAP RATE

9/1/2019 -8/31/2020 12,286 $21.40 $21,910.03 $262,920.40 6.58% Year 1

9/1/2020 -8/31/2021 12,286 $22.26 $22,786.43 $273,437.22 6.84% Year 2

9/1/2021 -8/31/2022 12,286 $23.15 $23,697.89 $284,374.70 7.12% Year 3

9/1/2022 -8/31/2023 12,286 $24.07 $24,645.81 $295,749.69 7.40% Year 4

9/1/2023 -8/31/2024 12,286 $25.03 $25,631.64 $307,579.68 7.70% Year 5

9/1/2024 -8/31/2025 12,286 $26.04 $26,656.91 $319,882.87 8.01% Year 6

9/1/2025 -8/31/2026 12,286 $27.08 $27,723.18 $332,678.18 8.33% Year 7

NOI CAP RATE

$19,000

$20,000

$21,000

$22,000

$23,000

6.0%

$24,000

6.5%

$24,500

7.0%

$25,000

7.5%

$26,000

8.0%

$27,000

8.5%

$28,000 9.0%

Y2Y1 Y7Y6Y5Y3 Y4

$2,000,000± in rental income over life of lease.

4% annual escalations provides excellent rent growth.

Annual return increases by nearly 2% over life of lease.

HAMILTON BUILDING

MARKET OVERVIEW . Cobb County

. Marietta, GA Demographics

05

EAST COBB JOHNSON FERRY ROAD RETAIL CORRIDOR

The properties along the Johnson Ferry Retail Corridor in East Cobb

have consistently been in high demand. The properties have benefitted

from high traffic counts of ± 58,000 VPD, strong demographics and

heavily concentrated residential on either side of the corridor. These

factors make it an ideal area for businesses to set up shop.

The strong demand this area generates has resulted in vacancy

rates as low as 5% and rental rates as high as $43/SF, which creates

high barriers for entry for new business and discourages existing

businesses to relocate.

5.8%± vacancy rate for properties with frontage on Johnson

Ferry Road.

$23.22 SF average asking rent for properties with frontage on

Johnson Ferry Road.

Asking rates as high as $43/SF

$169,887 average household income in three-mile radius

Hamilton Building 15MARKET OVERVIEW

2%

$19

$20

3%

$22

4%

$23

5%

6%

$24

7%

$25

8%

9%

10%

11%

$26

15

15

14

14

19

19

18

18

16

16

17

17

VACANCY RATES

AVERAGE ASKING RENT

COBB COUNTY

Cobb County, part of in the Atlanta-Sandy Springs-Roswell, GA Metropolitan Statistical Area, is situated immediately to the northwest of Atlanta's city limits. It's the state's third most-populous county with a population of 756,865. Its Cumberland district, an edge city, has over 24,000,000 square feet of office space. Major League Baseball's Atlanta Braves play at the SunTrust Park in Cumberland.

A regionally and nationally known travel destination, Cobb County is

a prominent location for planners of conventions, trade shows and

special events.

Notable Attractions:

SunTrust Park

The Battery Atlanta

Marietta Square

Cumberland Mall

Cobb Galleria Centre

Cobb Energy Performing Arts Centre

Suntrust Park

Marietta Square The Battery

Hamilton Building 16MARKET OVERVIEW

Sources: REgis Online

MARIETTA, GA DEMOGRAPHICS

Hamilton Building – Marietta, GA

Hamilton Building 17MARKET OVERVIEW

DETAILED DEMOGRAPHICS 3 MILES 5 MILE

2019 Population 62,831 214,1702024 Projected Population 65,101 223,2392010 Census Population 59,219 194,812Growth 2019 - 2024 0.7% 0.8%Growth 2010 - 2019 0.6% 1.0%2019 Households 25,045 92,0832024 Projected Households 26,172 96,3262010 Census Households 22,871 80,701Growth 2019 - 2024 0.9% 0.9%2019 Average Household Income $169,887 $137,0732019 Occupied Housing Units 25,045 92,0832019 Owner Occupied Units 19,949 58,0012019 Renter Occupied Units 5,096 34,082

This Offering Memorandum and any subsequent evaluation material you may be provided (collectively known as the “Offering Memorandum”) is intended solely for your limited use in considering whether to pursue negotiations to acquire Hamilton Building - 4651 Olde Towne Parkway, Marietta, GA 30068 (the “Property”). The Property is being marketed for sale by Ackerman & Co. (“Broker”).

The Offering Memorandum contains brief, selected information pertaining to the business and affairs of the Property and has been prepared by Broker. It does not, however, purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. Broker and Owner make no representation or warranty, express or implied, as to the accuracy or completeness of the Offering Memorandum or any of its contents, and no legal liability is assumed to be implied with respect thereto.

By acknowledgment of your receipt of the Offering Memorandum you agree that the Offering Memorandum and its contents are confidential, that you will hold and treat it in the strictest of confidence, that you will not directly or indirectly disclose, or permit anyone else to disclose, the Offering Memorandum or its contents to any other person, firm, or entity (including, without limitation, any principal for whom you have been engaged), without prior written authorization of Owner or Broker and that you will not use or permit to be used the Offering Memorandum or its contents to be copied or used in any fashion or manner detrimental to the interest of Owner. Photocopy or other duplication is strictly prohibited except

as allowed by the Owner’s Confidentiality Agreement.

THE OFFERING MEMORANDUM SHALL NOT BE DEEMED TO REPRESENT THAT STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OF PREPARATION OF THE OFFERING MEMORANDUM.

The information provided in the Offering Memorandum has been gathered from sources that are deemed reliable, but the Broker does not warrant or represent that the information is true or correct. Prospective offerors are advised to verify information independently. The Offering Memorandum is not to be construed as an offer or as any part of a contract to sell the property.

Furthermore, the inclusion or exclusion in the Offering Memorandum of information relating to asbestos or any other hazardous, toxic or dangerous chemical item, waste or substance (hereinafter collectively referred to as “Waste”) relating to the Property shall in no way be construed as creating any warranties or representations, expressed or implied by the Broker as to the existence or nonexistence or nature of Waste in, under or on the Property or any significant legal and/or economic obligations upon the Owner, lessee and/or other holders of interest in the Property or a part thereof and you are hereby advised to obtain professional assistance such as from a consultant, engineer and/or attorney prior to taking an interest in the Property or a part thereof.

INFORMATION NOT WARRANTED

©2019 Ackerman & Co. All rights reserved. Ackerman Medical is a registered trademark of Ackerman & Co.

All others are the trademarks of their respective companies.

FOR MORE INFORMATION, PLEASE CONTACT:

LARRY JAREMA Senior Vice President, Brokerage Direct: 678.392.0893 Email: ljarema@ackermanco.net

BRETT BUCHWALD Vice President, Healthcare Investment Sales Direct: 770.328.8311 Email: bbuchwald@ackermanco.net