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

1101 N. D STREETSACRAMENTO, CA

03 EXECUTIVE SUMMARY

04 FINANCIAL OVERVIEW

06 TENANT OVERVIEW

09 AREA OVERVIEW

TABLE OF CONTENTS

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

1101 N. D STREETSACRAMENTO, CA

PROPERTY DETAILS ­ Approximately 7 years remaining

on current lease with Service King

­ Above market 2% annual increases, great hedge against inflation

­ Low price point for Collision Center only $2,145,000

­ Low Rent/SF - Service King is currently only paying $6.08/SF/year, about 50% below market for comparable spaces and substantially below area rent

LOCATION ­ Strategically located in the

Downtown of Sacramento, undergoing major revitalization efforts.

­ High Income Market - Average Incomes Above $60,000

­ High Density - Approximately 165,000 residents in a three mile radius to the property

TENANT ­ Service King is one of the largest

Collision Repair companies in the United States with over 340 Locations in 24 Different States

­ Significant Private Equity Funding - Blackstone Group LP and Carlyle LP backed, with Blackstone Group LP with controlling shares

­ Service King is estimated to have over $1 Billion in annual revenue and employs more than 6,000 people

­ Service King is capitalizing on the consolidation of the rapidly growing Collision Industry, a $33+ billion industry in US and Canada

­ Great Hedge Against E-Commerce

EXECUTIVEOVERVIEW

SERVICE KING COLLISION REPAIR 3

FINANCIALOVERVIEWEXECUTIVE SUMMARY ANNUALIZED OPERATING DATA

Property Name Service King

Property Street 1101 N D Street

City, State, Zip Sacramento, CA 95811

GLA ±16,747 SF

Lot Size 0.99 AC (43,124 SF)

Year Built 1986

Monthly Rent Annual Rent Rent/SF Cap Rate

2019 $8,490 $101,876 $6.08 4.75%

2020 $8,659 $103,913 $6.20 4.84%

2021 $8,833 $105,992 $6.33 4.94%

2022 $9,009 $108,112 $6.46 5.04%

2023 $9,189 $110,274 $6.58 5.14%

2024 $9,373 $112,479 $6.72 5.24%

2025 $9,561 $114,729 $6.85 5.35%

2026 $9,752 $117,023 $6.99 5.46%

2027 $9,947 $119,364 $7.13 5.56%

SERVICE KING COLLISION REPAIR 4

FINANCIALOVERVIEWFINANCIAL HIGHLIGHTS TENANT SUMMARY

Tenant Trade Name Service King

Type of Ownership Fee Simple

Lease Guarantor Service King Paint and Body, LLC

Lease Type NN+

Original Lease Term 10.00 Years

Rent Commencement Date 5/6/2017

Lease Expiration Date 5/31/2027

Term Remaining 7 Years

Increases 2% Annual Increases

Options 3, 5-Year Options

LIST PRICE

$2,145,000

CAP RATE

4.75%

TERM REMAINING

7 YEARS

SERVICE KING COLLISION REPAIR 5

TENANTOVERVIEWService King Collision Repair Centers is a national leader in collision repair, operates in 24 states with over 340 locations, and plans to continue growing. Service King Collision Repair Centers offers high-quality repairs with a lifetime warranty, free estimates, on-site rental cars, and an overall superior customer service experience.

In 2012, as one of the largest independent operator of collision repair centers in the U.S., global asset manager, The Carlyle Group, closes on its acquisition of majority ownership of Service King Collision Repair Centers. In 2014, after Service King triples its revenue over a twoyear period, premier global investment and advisory firm Blackstone purchases majority ownership of the company. The Carlyle Group remains a minority investor as do Service King internal shareholders. In 2015, Service King surpasses $1 billion in annual revenue.

StrategyService King technicians are rigorously trained and certified to work with every make and model of vehicle on the road. No matter what type of car, the veteran team at Service King is up to the job. The collision repair specialists lead the industry in everything from fender repair to dent repair and everything in between. Many Service King collision repair centers are also certified to perform highly specialized repairs, such as aluminum repair and paintless dent repair.

Ownership Non-Public

Parent Company Trade Name Service King Holdings, LLC

Website www.serviceking.com

# Of Locations ±340

Headquartered Richardson,Texas

Year Founded 2012

SERVICE KING COLLISION REPAIR 6

SURROUNDINGTENANTS

GOLD STARINSULATION

SHERWINWILLIAMS

SUBWAY

BODYTRIBEFITNESS

RV Storage

PUBLIC STORAGE

PROPOSED LIGHT RAIL STATION

DOS RIOS HOUSING COMMUNITY(480 UNITS)

PRODUCE WAREHOUSE

MCDONALD’SMARTIN SPROCKET & GEAR WAREHOUSE

VEHICLE STORAGE

DOS RIOS ST 12TH ST - 15,000 VPD

RICHARDS BLVD - 27,000 VPD

SUBJECT PROPERTY

SERVICE KING COLLISION REPAIR 7

Sacramento, CAProperty Name Service King

Property Address1101 N D Street Sacramento, CA 95811

Number of Stories One

Year Built 1986

GLA ±16,747

Lot Size ±0.99 Acres (43,124 SF)

Type of Ownership Fee Simple

Landscaping Professional

Topography Generally Level

Demographics1 Mile 3 Mile 5 Mile

Population

2024 Projection 10,863 156,964 365,254

2019 Estimate 10,356 151,254 350,497

Percent Change: 2019-2024 4.90% 3.77% 4.21%

Households

2024 Projection 4,222 67,394 146,578

2019 Estimate 3,961 64,875 140,884

Percent Change: 2019-2024 6.59% 3.88% 4.04%

Income

2019 Est. Average Household Income $65,495 82,255 $80,211

AREA OVERVIEW

SERVICE KING COLLISION REPAIR 8

EconomySacramento has experienced economic growth in the last ten years. Unemployment has fallen below 6 percent and job growth is very evident in industries like technology, construction and healthcare. Healthcare is a major industry and Sutter Memorial Hospital and UC Davis Medical center employ a large number of residents. The government continues to be the region’s largest employer and continues to remain stable.

Sacramento’s economy has been fueled by recent job growth in leisure and hospitality, which saw a 12 percent increase in 2016 compared to 2015. This growth in tourism is largely due to Sacramento’s ability to host large events and conventions. Recently these large events have been professional sporting events, like the yearly cycling competition, the Amgen Tour of California and the California International Marathon.

Top EmployersEmployer Name # of Employees

State of California 69,763

Sacramento County 11,450

UC Davis Health System 7,725

Dignity Health/Catholic Healthcare West 7,069

Intel 6,633

Kaiser Permanente 6,360

Sutter Health 5,765

Elk Grove Unified School District 5,021

Sacramento City Unified School District ,000

San Juan Unified School District 4,700

AREAOVERVIEW

SERVICE KING COLLISION REPAIR 9

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

1101 N. D STREETSACRAMENTO, CA

Cushman & Wakefield-Irvine | 18111 Von Karman Ave., Suite 1000, Irvine, CA 92612 | cushmanwakefield.com

OFFERING MEMORANDUM DISCLAIMERThe material contained in this Offering Memorandum is confidential and for the purpose of considering the purchase of the Property described herein. It is subject to the terms and provisions of the Confidentiality Agreement signed by the

recipient of this material, and is not to be used for any purpose or made available to any other person without the express written consent of Cushman & Wakefield of California, Inc. (“Broker”). This Offering Memorandum was prepared by

Broker solely for the use of prospective purchasers of (the “Property”). Neither Broker, the “Seller”nor any of their respective officers, employees or agents, make any representation or warranty, express or implied, as to the completeness

or the accuracy of the material contained in the Offering Memorandum or any of its contents, and no legal commitments or obligations shall arise by reason of this package or any of its contents. Seller reserves the right to eliminate any

portion or all of the Property from any offer for sale at any time prior to the completion of a binding contract of sale executed by both Seller and a prospective purchaser. Prospective purchasers of the Property are advised (i) that changes

may have occurred in the condition of the Property since the time of this Offering Memorandum or the financial statements therein were prepared and that (ii) all financial projections are provided for general reference purposes only in that

they are based on assumptions relating to the general economy, competition, and other factors beyond the control of Broker and the Seller and, therefore, are subject to material variation. Prospective purchasers of the Property are advised

and encouraged to conduct their own comprehensive review and analysis of the Property. The Offering Memorandum is a solicitation of interest only and is not an offer to sell the Property. The Seller and Broker expressly reserve the right, at

their sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and expressly reserve the right, at their sole discretion, to terminate discussions with any entity at any time with or without notice. The Seller

shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until a written agreement satisfactory to the Seller has been fully executed, delivered,

and approved by the Seller and any conditions to the Seller thereunder have been satisfied or waived. This Offering Memorandum is confidential. By accepting the Offering Memorandum, you agree (i) that you hold and treat the Offering

Memorandum and its contents in the strictest confidence, (ii) that you will not photocopy or duplicate any part of the Offering Memorandum, (iii) that you will not disclose the Offering Memorandum or any of its contents to any other entity

without the prior written authorization of Broker and (iv) that you will not use the Offering Memorandum in any fashion or manner detrimental to the interest of the Seller or Broker. The terms and conditions stated in this section will relate to all

of the sections of the package as if stated independently therein. If, after reviewing this package, you have no further interest in purchasing the Property at this time, kindly return this brochure to the Broker at your earliest possible convenience.

JACK CHANG Managing Director +1 949 372 4917 jack.chang@cushwake.com Lic. #01873010

JESSICA LAW Associate +1 949 372 4891 jessica.law@cushwake.com Lic. #02086692

For more information, please contact:

JOSEPH LISING Managing Director +1 949 372 4896 joseph.lising@cushwake.com Lic. #01248258