$2,046, Cap / Absolute NNN Lease 2374 Old Fort Parkway, Murfreesboro, TN Circle K (Kangaroo Express)

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1 $2,046, Cap / Absolute NNN Lease 2374 Old Fort Parkway, Murfreesboro, TN Circle K (Kangaroo Express) The subject property is a ± 2,596-square foot Circle K (Kangaroo Express) building and gas station location in Murfreesboro, Tennessee. Circle K, Inc. is one of the nation's largest chains of company-operated convenience stores with more than 7,300 stores across the United States and the globe including Japan, Mexico, Guam, Vietnam, United Arab Emirates, and China. Couche-Tard acquired The Pantry, Inc., in 2015, a leading chain of convenience stores in the southeastern US region and one of the largest independent operators of chain convenience stores in the United States. The Pantry operates approximately 1,500 stores in 13 states under various banners, including Kangaroo Express, its main banner. The Pantry stores offer a wide selection of goods, in addition to fuel and other services. Overview Price: $2,046,000 CAP Rate: 6.5 Building: ± 2,596 SF Lot Size: ±.96 Acres (41,757 SF) Year Built: 1992 NNN Rent: $133, Lease Summary Tenant Trade Name: The Pantry, Inc. Tenant: (Couche-Tard Subsidiary) Lease Type: Absolute NNN Remaining Lease Term: ± 6.5 Years Commencement Date: 10/31/2003 Expiration Date: 10/31/2023 Options: Six (6) five (5) year periods Rent Increase: Each five (5) years lease provides for rental increases by the lesser of 6.5% or 1.5 times the cumulative CPI (Base Year ) Next Increase: October 31, 2018 TENNESSEE BROKER OF RECORD: JIM HOLLEMAN LICENSE # This information is being provided with the understanding that all negotiations relating to the lease and/or purchase of the property shall be conducted through Triple Net America, L.L.C. The information contained herein 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.

2 $2,046, Cap / Absolute NNN Lease 2374 Old Fort Parkway, Murfreesboro, TN Murfreesboro named one of the 10 fastest growing large cities in the U.S. by the U.S. Census Bureau, May 25, 2017 Executive Summary SUBJECT

3 Executive Summary Property Address: 2374 Old Fort Parkway, Murfreesboro, Tennessee Price: $2,046,000 Cap Rate: 6.5 Building Size: ± 2,596 SF Annual NNN Rent: $133, Tenant: Circle K (Kangaroo Express) Lease Commencement: October 31, 2003 Lease Expiration: October 31, 2023 Lease Type: NNN Lease Rent Increases: Each five (5) years lease provides for rental increases by the lesser of 6.5% or 1.5 times the cumulative CPI (Base Year ) Next Increase: October 31, 2018 Renewal Options: Six (6) Five (5) Year Options Land Area: ±..96 Acres (41,757 SF) Jerry L. Robers DIRECT: Triple Net America jerry@nationalnnn.com

4 Circle K Circle K is Couche-Tard's largest and most international brand. It can be seen today serving the needs of customers in 14 countries around the world. Circle K is a convenience store and gasoline service station operator. For the past half century, customers have come to recognize the convenience and quality associated with the Circle K brand. What began in 1951 with the purchase of three Kay's Food Stores in El Paso, Texas has become one of the nation's largest convenience store chains. Circle K has more than 3,300 convenience locations across the United States. There are approximately 4,000 stores across the globe including Japan, Mexico, Guam, Vietnam, United Arab Emirates, and China. In addition, Circle K is the largest convenience store retailer in Canada. Alimentation Couche-Tard Couche-Tard is the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of number of company-operated stores. In Europe, Couche-Tard is a leader in convenience store and road transportation fuel retail in Scandinavian and the Baltic countries with a significant presence in Poland. The Corporation also offers other products, including stationary energy, marine fuel, lubricants and chemicals. Couche-Tard operates key fuel terminals and fuel depots in six countries. As of July 19, 2015, Couche-Tard s network comprised 7,987 convenience stores throughout North America, including 6,556 stores offering road transportation fuel. Its North American network consists of 15 business units, including 11 in the United States covering 41 States and four in Canada covering all 10 provinces. UNITED STATES EUROPE INTERNATIONAL

5 $2,046, Cap / Absolute NNN Lease 2374 Old Fort Parkway, Murfreesboro, TN SUBJECT

6 Murfreesboro is one of Tennessee's fastest-growing cities and a highly desirable place to live. The city ranked #1 on Livability.com's Most Affordable Cities in Tennessee in 2016 and its high-quality schools and access to first-rate health-care providers, including St. Thomas Rutherford Hospital and Stonecrest Medical Center, make it even more appealing. Murfreesboro is home to the 21,000-student Middle Tennessee State University, the largest undergraduate campus in Tennessee. Murfreesboro has grown as a tourist destination and a center of commerce, with headquarters or major operations for companies such as National Health Care, Schwan Cosmetics, Amazon.com and State Farm Insurance Cos. With its historic, cultural and recreational attractions as well as its close proximity to Nashville, Rutherford County TN is a popular destination for tourists looking to have a good time. Rutherford County, Tennessee, has enjoyed steady economic growth for more than a decade, with a business climate among the best in the nation.

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