Offering MemorandumAdvanced Auto Parts

1200 N Dixie HighwayHollywood, Florida 33020

COMMERCIAL REAL ESTATE SERVICES, WORLDWIDE

Edward Schmidt, CCIMCo-Chairman+1 786 260 0401eschmidt@naimiami.com

Armando BertemattiVice President+1 305 219 2668abertematti@naimiami.com

Contents Page

03 Executive Summary

07 Property Description

08 Building Information

10 Property Location

12 Exhibits

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NAI Miami has been retained on an exclusive basis to offer for sale a 100% interest in a single tenant Advance Auto Parts (the “Property”), a 7,000 square foot automotive parts retailer located along North Dixie Highway in Hollywood, Florida. Situated with excellent visibility and dual access in the midst of a densely populated neighborhood, the Advance Auto Parts was built in 2006 and is strategically located to provide convenient access to a large number of residents and automotive service shops. North Dixie Highway serves as a connector to both Sheridan Street and Hollywood Boulevard, which provides access to Interstate 95, the major route that traverses the eastern coast of Florida.

Advance Auto Parts is ideally located within a heavily populated, residential area with over 140,000 residents within a three mile radius. There are several other neighborhood-based retailers in the vicinity including automotive repair shops, paint & hardware supply stores, convenience stores and more.

Advance Auto Parts one of the leading automotive aftermarket retailer of parts, accessories, batteries, and maintenance items, in the United States. The company has experienced long term growth and now operates over 5,044 stores and 131 Worldpac branches which serve both the do-it-yourself and professional installer markets.

As a well-situated, easily accessible property along a highly populated corridor, Advance Auto Parts in Hollywood, Florida will provide an investor with a well-positioned asset with strong, stable tenancy.

1200 N. Dixie HighwayHollywood, FL 33020

Executive Summary

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• 100% leased (10+ years remaining on lease)• Three 5-year options with 5% increases per option• Maximum exposure and visibility on corner lot with safe access points

at two side streets• 3 Mile Population: 140,973• 3 Mile Average Household Income: $69,540• Positioned on major North-South thoroughfare between & parallel to

I-95 & US Hwy 1

1200 North Dixie Highway Hollywood, Florida 33020

Land Size:+0.8845 Acres

Building Size:7,000 SF

Parking Spaces:+ 32 spaces4.57 per 1,000 SF

Asking Price:$2,320,000

Year Built:2006

Investment Highlights

Executive Summary

Net Operating Income $121,800.00

Rentable Square Feet 7,000 SF

Land Area 8,845 SF

Tenant Advance Stores Company, Inc

Brand Advance Auto Parts

Website www.advanceautoparts.com

Credit Rating S+P BBB

Guarantor Corporate

Ownership Type Fee Simple

Lease Type NNN

Landlord Responsibilities Foundation + Structure only

Store Built 2006

Lease Term 10+ years remaining

Rent Commencement October 1, 2006

Options Three (3)

Cap Rate:5.25%

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Advance Auto Parts is located within Broward County in the city of Hollywood. The trade area has seen stable growth over the past decade and projections show growth continuing over the next five years. The estimated population within 3 miles of the Property is 140,973, while the average household income is $69,540.

The Advance Auto Parts is a 7,000 square foot automotive parts retailer located in a heavily populated residential and automotive services district, approximately 1 mile east of Interstate 95 in Hollywood, Florida.

As the company caters to both individual and commercial customers alike, this property is ideally located within a 1/2 mile of a dozen individual automotive shops located along North Dixie Highway, as detailed on the map to the left. These businesses have specialties that range from transmission repair, foreign auto repair, collision/body repair, tire sales and more. This heavy concentration of customers provides stable, long-term business for automotive suppliers.

Trade Area Dynamics

Executive Summary

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Nestled between Fort Lauderdale and Miami is Hollywood, a classic Florida beachtown that's enchanted visitors and residents since the 1920s. Founded by Joseph Young in 1925, Hollywood is home to more than 60 parks, seven golf courses, and seven miles of pristine beaches. Warm Florida sun and fresh ocean breezes, award winning beaches and an ideal year-round climate makes Hollywood both a great place to visit and live.

Population & Characteristics

Hollywood is approximately 30 square miles in size and is Broward’s third-largest municipality with a population of roughly 152,000 residents. Founded in 1925, the city grew rapidly in the 1950s and 1960s, and is now the twelfth largest city in Florida.

Hollywood Beach features a one-of-a-kind oceanfront promenade called the Hollywood Beach Broadwalk that stretches nearly two and a half miles along the Atlantic. Named one of America's Best Beach Boardwalks by Travel + Leisure magazine, this brick-paved thoroughfare is a haven for joggers, bicyclists, roller-bladers and all who'd prefer to take in the action from the comfort of one of the countless eateries and cafés along the way.

The easy ocean access and village-like feel make this a can't miss destination with numerous highly-rated restaurants, small inns and hotels right on the broadwalk adding to its yesteryear charm.

World Class LocationHollywood, Florida

Executive Summary

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Project History

The Advance Auto Parts is a 7,000 square foot automotive parts retailer located along North Dixie Highway a mile east of Interstate 95 in Hollywood, Florida. The Property was built and initially occupied in 2006 by Advance Auto Parts.

Location

The Property is located on the western side of North Dixie Highway south of Arthur Street and north of Garfield Street in Hollywood, Broward County, Florida.

Visibility and Signage The Advance Auto Parts store has a prominent monument sign on North Dixie Highway.

Frontage The Property has approximately 285 feet of frontage along North Dixie Highway.

AccessAdvance Auto Parts features two points of ingress and egress along both Arthur Street and Garfield Street, which both have direct access to North Dixie Highway. Garfield Street contin-ues over the railroad and provides access to North 21st Av-enue.

Utilities and ServicesAll basic utilities are available including electricity, water and sewer, telephone, and gas.

Parking LotThe Advanced Auto Parts contains asphalt paved parking for 32 cars at a ratio of 4.57 per 1,000 square feet.

LandscapingThe perimeter of the site and concrete islands through-out the parking area are attractively landscaped with flowering shrubs and trees.

Size 7,000 square feet of gross leasable area (GLA).

Building DimensionsThe building is approximately 100 feet wide and 70 feet deep.

Exterior FinishesThe building features a concrete masonry unit and stucco façade.

WindowsFace of building has full frontage, aluminum frame glass windows.

Pedestrian EntrancesFront of building has a double glass door entranceway.

Property Description

Headquartered in Roanoke, Va., Advance Auto Parts, Inc. is a leading specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items primarily operating within the United States. Their stores carry an extensive product line for cars, vans, sport utility vehicles and light trucks. The company serves both “do-it-yourself,” or DIY, and “do-it-for-me,” or commercial, customers. Commercial customers consist primarily of delivery customers for whom the company delivers product from their store locations to commercial customers’ places of business, including independent garages, service stations and auto dealers.

The company was founded in 1929 as Advance Stores Company, Incorporated and operated as a retailer of general merchandise until the 1980s. During the 1980s, they sharpened their focus to target sales of automotive parts and accessories to DIY customers. From the 1980s to the present, the company has grown significantly as a result of comparable store sales growth, new store openings and strategic acquisitions. Advance Auto Parts began their commercial delivery program in 1996 and have significantly increased sales to commercial customers since 2000.

Today, Advance Auto Parts operates over 5,044 branded stores and 131 Worldpac branches in the US, Puerto Rico, and the Virgin Islands and employs over 71,000 team members.

The company also serves approximately 1,225 independently owned Carquest branded stores across these locations in addition to Mexico, The Bahamas, Turks & Caicos, British Virgin Islands and Pacific Islands.

Tenant ProfileAdvanced Auto Parts

Building Information

8

9

Lease SummaryLease Terms10 year term commenced expires December 31, 2028.

Rent$121,800 fixed for the term

Options Three, 5 year options:• 1/1/29 - 12/31/2033: $138,011.04 per year• 1/1/34 - 12/31/2038: $144,911.04 per year• 1/1/39 - 12/31/2043: $152,157.00 per year

Repairs & Maintenance Tenant to maintain, repair and/or replace each and every portion of the Leased Premises, including the roof, parking lot and HVAC.Landlord responsible for foundation and structure excluding painting of the exterior walls.

Assignment & SublettingTenant shall have the right to sublet, assign, transfer, reassign and grant concessions or licenses in all or any part of the Leased Premises and any of Tenant’s rights and obligations under this Lease, without Landlord’s consent.

Utilities Tenant agrees to pay the charges and all required deposits for all utility services furnished to and used by Tenant in the Leased Premises during the Term directly to the utility companies providing such services.

TaxesTenant shall reimburse Landlord for all Real Estate Taxes during the term of the lease.

InsuranceTenant shall, at its sole cost and expense, obtain and maintain property insurance covering the Leased Premises in an amount not less than the full replacement cost thereof, with such deductibles and retentions as determined by Tenant in its sole and absolute discretion.

Building Information

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4Property Location

Local Perspective

11

Regional Perspective

Property Location

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1 4Exhibits

Aerial

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4

Site Plan

Exhibits

NAI Miami (“Broker”) has been retained by the Owner as the exclusive broker for this opportunity.

This Offering Memorandum has been prepared by Broker for use by the principal (“Principal”) to whom Broker has provided this Offering Memorandum. The use of this Offering Memorandum and the information provided herein is subject to the terms, provisions and limitations of the Confidentiality Agreement furnished by Broker and executed by Principal prior to delivery of this Offering Memorandum. Although the information contained herein is based upon sources believed to be reasonably reliable, Owner and Broker, on their own behalf, and on behalf of their respective officers, employees, shareholders, partners, directors, members and affiliates, disclaim any responsibility or liability for inaccuracies, representations and warranties (expressed or implied) contained in, or omitted from, the Offering Memorandum or any other written or oral communication or information transmitted or made available to the recipient of this Offering Memorandum. In amplification

of and without limiting the foregoing, summaries contained herein of any legal or other 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, and no representations or warranties are made as to the completeness and/or accuracy of the projections contained herein. Prospective purchasers of the Property should make their own investigations and conclusions without reliance upon this Offering Memorandum, the information contained herein or any other written or oral communication or information transmitted or made available. Additional information and an opportunity to inspect the Property will be made available upon written request by interested and qualified prospective purchasers.

Owner expressly reserves the right, exercisable in Owner’s sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Owner and Broker each expressly reserves the right, exercisable in

their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. Broker is not authorized to make any representations or agreements on behalf of Owner. Owner shall not have any legal commitment or obligation to any 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, delivered and approved by Owner and the other party thereto and any conditions to Owner’s obligations hereunder have been satisfied or waived. If you have no interest in the Property at this time, return this Offering Memorandum immediately to:

NAI Miami 9655 South Dixie Highway Suite 300

tel +1 305 938 4000 fax +1 305 938 4002 www.naimiami.com

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NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR

OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE

CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.

Disclaimer

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NAI Miami9655 South Dixie Highway Suite 300Miami, Florida 33156+1 305 938 4000naimiami.com

Edward Schmidt, CCIMCo-Chairman+1 786 260 0401eschmidt@naimiami.com

Armando BertemattiVice President+1 305 219 2668abertematti@naimiami.com