TIRE CHOICE | OCALA, FLOffering Memorandum

10-Year Modified Triple Net Lease with 20-Year

Roof Warranty

Brand New Construction, Opening

April 2019

Prime Location; First Major Interchange After Gainesville

Major Retail Corridor with Numerous Hotels in the Immediate Area

Subject Property

CONFIDENTIALITY AND DISCLAIMER

NON-ENDORSEMENT NOTICE

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap Investment Services of Florida, Inc and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success.Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

NET LEASED DISCLAIMER

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Florida© 2018. All rights reserved.

FINANCIAL OVERVIEW

Overview4710 S.W. College Road, Ocala, Florida 34474

Price: $2,515,000Cap Rate: 5.75%Rentable Square Feet: 5,500Annual Rent: $144,528Price PSF: $457.27Land Area: 1.08 AcresYear Built: 2019

Base Term Annual Rent PSF Cap Rate

Lease Years 1-5: $144,528 $26.28 5.75%Lease Years 6-10: $158,981 $28.91 6.32%

Option Periods Annual Rent PSF Cap Rate

Option 1, Years 11-15: $174,879 $31.80 6.95%Option 2, Years 16-20: $192,367 $34.98 7.65%

Lease SummaryTenant: Monro, Inc. (dba Tire Choice) Website: www.Monro.comLease Guarantor: Monro, Inc.Lease Type: Modified NNNLease Term: 10 YearsOption Periods: 2, 5-Year OptionsRent Increases: 10% Every 5 YearsRoof & Structure: Landlord (20-Yr Roof Warranty)Commencement: 4/1/2019 estLease Expiration: 3/31/2029 est

INVESTMENT HIGHLIGHTS

Investment Highlights• 10-Year Corporate Guaranteed, Modified Triple Net Lease• Brand New Construction, Scheduled to Open April 2019• 20-Year Roof Warranty• Two, Five-Year Renewal Options with 10 Percent Increases

Every Five Years Throughout Base Term and Option Periods

Location Highlights• Located off Interstate 75, Which has a Daily Traffic Count of

78,000 Vehicles, and College Road, with a Daily Traffic Count of 47,000 Vehicles

• Major Retail Corridor with Surrounding National Retailers Including Walmart Supercenter, Sam’s Club, Lowe’s, Staples, Kohl’s, Dick’s Sporting Goods, Home Depot, Bed Bath & Beyond, Best Buy, Burlington, Aldi, Hobby Lobby, JC Penney, Macy’s, Ross, Michaels, Applebee’s, Outback Steakhouse, Olive Garden, McDonald’s, Chick-fil-A, CVS and Many More

• Numerous Hotels in the Immediate Area, Including Hilton, Hampton Inn & Suites, Fairfield Inn, Residence Inn by Marriott, Best Western, La Quinta, Holiday Inn and Country Inn & Suites

• Across the Street from West Marion Community Hospital, and Two Miles from the College of Central Florida Ocala Campus, Which has an Enrollment of Approximately 9,000 Students

• Prime Location Near Highway Exit; First Major Interchange After Gainesville (38 Miles North of Ocala), for Travelers Driving South

• First Major Exit After the Merger of Interstate 75 and Florida’s Turnpike

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Florida© 2018. All rights reserved.

TENANT SUMMARY

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Florida© 2018. All rights reserved.

At Tire Choice, it is their mission to provide customers with superior maintenance and repair services, quality replacement parts, and name brand tires, at affordable prices.

Tire Choice & Total Car Care, with nearly 90 stores across Florida, provides complete under-car care, including oil changes, brakes, shocks and struts, exhaust, air conditioning and, of course, tire sales. All tire purchases are backed by a 30-day ride and lowest total price guarantee. Tire Choice will beat any competitor’s written estimate for tires, maintenance work, or repairs by five percent.

Every store is company-owned and operated, not a franchise, ensuring maximum control over service quality and costs. For more information about this company, visit Corporate.Monro.com or TheTireChoice.com

Headquartered in Rochester, New York, Monro, Inc. is a leading independently-owned and operated auto service and tire provider in the United States. The Company went public in 1991 and trades on the NASDAQ under the symbol MNRO.

The Company operates more than 1,150 stores, has 98 franchised locations, 9 wholesale locations and 3 retread facilities in 28 states, serving the Mid-Atlantic and New England regions and portions of the Great Lakes, Midwest and Southeast.

While Monro, Inc. has enjoyed a steady history of success, the company has experienced significant growth in recent years through acquisitions and the opening of new stores.

The Monro, Inc. brand portfolio features 10 quality brands, the majority offering complete auto care and service at significant savings compared to dealers and local repair shops.

$1.128Billion

FISCAL 2018 SALES

NASDAQ:MNRO

STOCK SYMBOL

1,150+LOCATIONS

$1.78Billion

MARKET CAP

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Florida© 2018. All rights reserved.

SITE PLAN

S.W. C

ollege

Road

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Florida© 2018. All rights reserved.

Taxes Tenant shall pay directly to the taxing authority the real estate taxes and assessments, general and special, and all other impositions, ordinary and extraordinary of every kind and nature whatsoever, which may be levied or assessed against the Premises.

Premises

At all times during the Occupancy Term, except as otherwise stated herein Tenant shall, at its sole cost and expense, keep, maintain, and replace when necessary the entire Premises, including by way of example, not limitation, the interior of the Premises and the exterior wall surfaces of the Premises, all glass, doors, the HVAC system, plumbing, electrical, landscaping, and parking lot, in good order and repair and in a clean and safe condition. During the Occupancy Term, Landlord shall perform and/or install, at its sole cost and expense, all additions, alterations, repairs or replacements to the Premises which are required in order to comply with all public laws, ordinances and regulations from time to time applicable to the Premises other than as specifically set forth and other than those solely related to Tenant’s particular use of the Premises. Tenant shall make any and all additions to and all alterations and repairs in, on and about the Premises which may be required by, and shall otherwise observe and comply with, all public laws, ordinances and regulations from time to time applicable to the Premises which relate to Tenant’s particular use of the Premises.

Except for damaged caused by Tenant, its employees, vendors and customers, during the Occupancy Term, Landlord shall, at its sole cost and expense, maintain, repair and replace the roof of the Building in which the Premises is located and maintain repair and replace any and all structural components of the Building in which the Premises is located (including the walls, floor slab and foundation thereof), in good order, repair and a safe condition. Landlord shall also, at its sole cost and expense, contain, repair and replace the electric and gas lines to the meter on the Building, and the water and sanitary sewer lines from the mains to the connection at the perimeter of the building.

Insurance

Tenant shall procure and maintain, and pay all premiums, fees, and charges for the purpose of procuring and maintaining continuously throughout the Term subsequent to the Delivery Date, commercial general liability insurance for bodily injury or property damage in such amounts (not less than ($2,000,000 for personal injury and $250,000 for property damage) and with such coverages and deductibles as are consistent with Tenant’s current insurance programs.

Tenant shall procure and maintain, and pay all premiums, fees and charges for the purpose of procuring and maintaining continuously throughout the Term subsequent to the Delivery Date insurance on all improvements on the Premises against loss or damage by fire or other casualty (including flood, if required by law and wind) with endorsements providing what is commonly known as all risk fire and extended coverage, vandalism and malicious mischief insurance, in an amount equal to the full replacement cost thereof, with deductibles as are consistent with Tenant’s current insurance program. Tenant’s insurance shall include “Loss of Rents” coverage.

LEASE ABSTRACT

20-Year Roof

Warranty in Place

AERIAL

College Road

78,000Daily

Walgreens

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Florida© 2018. All rights reserved.

AERIAL

McDonald’s

78,000Daily

47,000Daily

College Road

North of Subject

Property

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Florida© 2018. All rights reserved.

LOCAL & REGIONAL MAPS

Click to View in Google Maps

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Florida© 2018. All rights reserved.

MARKET OVERVIEW

OVERVIEW

OCALA

DEMOGRAPHICS

ECONOMY

METRO HIGHLIGHTS

* Forecast

Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau

Known as a strong manufacturing base and for its equine industry, the Ocala metro is able to attract global companies. A lower cost of doing business and strategic location in central Florida are strong motivators for businesses that establish a footprint here. The metro comprises all of Marion County and Jacksonville, Orlando and Tampa are all within a two-hour drive. Residents age 65 and older account for 28 percent of the population, contributing to a large healthcare sector.

HEALTHCARE

Munroe Regional Medical Center and Ocala Health are two of the

largest employers, with thousands of workers locally.

LOGISTICS & DISTRIBUTION

Ocala is centered among Jacksonville, Orlando and Tampa, leading

companies to locate their distribution networks here.

MANUFACTURING

Lockheed Martin employs over 1,000 workers in the county,

assembling numerous products for defense and aerospace purposes.

▪ Retailers Walmart and Publix employ roughly 3,900 workers across several locations in Marion County, accounting for a substantial portion of the workforce. Walmart is the second largest employer here.

▪ A skilled workforce, rich distribution advantages and a strong manufacturing base offer an attractive environment for major companies to establish or grow their business in the county. Large companies in the area include FedEx, Frito Lay, ClosetMaid and National Parts Depot.

▪ The Ocala Metro is the Horse Capital of the World. The equine industry has a yearly economic impact of $2.6 billion.

346K

2017POPULATION:

142K

2017HOUSEHOLDS:

48.6

2017MEDIAN AGE:

$42,000

2017 MEDIAN HOUSEHOLD INCOME:

U.S. Median:

37.8U.S. Median:

$56,30012.1%

Growth2017-2022*:

9.8%

Growth2017-2022*:

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services© 2017. All rights reserved.

DEMOGRAPHICS

POPULATION 3 MILES 5 MILES 10 MILES

2010 Population 18,070 52,813 182,9772018 Population 19,177 56,458 194,2002023 Population 22,646 62,743 213,7902018 Male Population 9,069 27,404 92,4552018 Female Population 10,108 29,053 101,7452018 Median Age 39.7 44.3 46.5

RACE & ETHNICITY 3 MILES 5 MILES 10 MILES

American Indian, Eskimo 0.3% 0.5% 0.5%Asian 7.1% 4.0% 2.4%Black 9.4% 18.7% 15.0%Hawaiian/Pacific Islander 0.1% 0.1% 0.1%White 75.7% 70.1% 75.7%Other 3.9% 3.8% 3.7%Multi-Race 3.5% 2.8% 2.7%Hispanic Ethnicity 17.7% 15.8% 14.6%Not of Hispanic Ethnicity 82.3% 84.2% 85.4%

HOUSEHOLDS 3 MILES 5 MILES 10 MILES

2010 Households 7,930 21,852 76,1002018 Households 8,315 23,129 80,0052023 Households 10,014 26,269 89,340

HOUSEHOLD INCOME 3 MILES 5 MILES 10 MILES

2010 Avg Household Income $66,266 $60,325 $57,6722018 Avg Household Income $65,209 $58,827 $56,9012023 Avg Household Income $76,091 $68,801 $65,6862010 Med. Household Income $44,079 $39,685 $41,1382018 Med. Household Income $43,316 $38,879 $40,3562023 Med. Household Income $51,305 $46,984 $48,0752010 Per Capita Income $29,528 $25,719 $24,2632018 Per Capita Income $28,733 $24,868 $23,7242023 Per Capita Income $34,042 $29,506 $27,709

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Florida© 2018. All rights reserved.

The Wolfe Retail Group of Marcus & Millichap specializes in the sale of single-tenant properties and shopping centers and has successfully assisted clients in selling over 450 separate commercial properties with a market value exceeding $1.25 billion. Having closed sales in more than 40 states, our track record is evidence that we are one of the premier brokerage teams in the United States.

With our experience and background in various fields such as law and finance, we have proved to be invaluable to our clients, earning their trust and exceeding their expectations while best assisting them in their real estate transactions.

For more about the Wolfe Retail Group or to view all of our available listings, visit www.WolfeRetailGroup.com

About Marcus & MillichapWith over 1,800 investment professionals located throughout the United States and Canada, Marcus & Millichap (NYSE: MMI) is a leading specialist in commercial real estate investment sales, financing, research and advisory services. The firm closed nearly 9,000 transactions in 2017 with a value of approx $42.2 billion.

Marcus & Millichap has been a pioneer in the real estate investment industry and has established a reputation for maximizing value for its clients while fostering long-term relationships built on integrity, trust and service. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. Marcus & Millichap also offers clients access to the most competitive real estate financing through Marcus & Millichap Capital Corporation (MMCC), which maintains relationships with the industry’s leading national, regional and local lenders.

The Wolfe Retail Group has sold over

450 properties in more than

40 states

Subject Property

Barry M. WolfeSenior Managing Director Investments

Barry.Wolfe@marcusmillichap.com(954) 245-3493

Alan LipskyFirst Vice President Investments

Alan.Lipsky@marcusmillichap.com(954) 245-3595

Catie JacksonMarketing Coordinator

Catherine.Jackson@marcusmillichap.com(954) 245-3592

Ashley BarrettTransaction Coordinator

Ashley.Barrett@marcusmillichap.com(954) 245-3416