1570 OLD TROLLEY ROAD Summerville, South Carolina

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1 $850, % CAP RATE FOR SALE 1570 OLD TROLLEY ROAD Presented By: Taylor Hall Brokerage Associate East McBee Avenue, Greenville, SC THE INFORMATION CONTAINED HEREIN HAS BEEN GIVEN TO US BY THE OWNER OF THE PROPERTY OR OTHER SOURCES WE DEEM RELIABLE. WE HAVE NO REASON TO DOUBT ITS ACCURACY, BUT WE DO NOT GUARANTEE IT. ALL INFORMATION SHOULD BE VERIFIED PRIOR TO PURCHASE OR LEASE.

2 Offering Information $850, % Cap Rate Newly executed 10-year lease Recession and Amazon-proof business True Triple Net Lease, Zero Landlord Responsibilities 8% Rental Increases Every Five Years Operating Partnership Affiliated with Largest Precision Tune Area Developer with 100 Locations Business in Operation at Location for Over 20 Years Traffic Count on Old Trolley Road: 28,100 VPD Traffic Count on Ladson Road: 27,400 VPD DEMOGRAPHICS 1-MI. 3-MI. 5-MI Population 10,688 59, , Households 2017 Average Income 4,260 $66,005 22,273 $72,761 46,510 $73,254 1 Newmark Wilson Kibler

3 Tenant Information Tenant is a partnership comprising of the nation s largest area developer and franchisee of Precision Tune Auto Care, operating 16 locations in South Carolina and 100 locations nationwide. Description Precision Auto Care, Inc. (PACI) franchises Precision Tune Auto Care centers through Precision Franchising LLC (PFL). There are 275 independently owned and operated auto service centers providing routine automotive maintenance and repair throughout the continental U.S. and around the world in Nigeria, Oman, Portugal, Republic of Georgia, Mexico and Taiwan. Franchising domestically since 1977 and internationally since 1990, Precision Tune Auto Care today offers a one-stop-shop specializing in diagnostics, factory scheduled maintenance and car repair services. In addition to franchising, PACI operates Precision Tune Auto Care centers in the U.S. through PTAC Operating Centers (PTACOC). Currently, there are 46 centers operated by PTACOC but the company intends to add several more. Background PACI was incorporated as a Virginia corporation in April 1997, but through predecessors, has been in the automotive maintenance services business for over 40 years, with the first Precision Tune established in 1976 in Beaumont, Texas to provide quick, convenient and inexpensive engine tune-ups. The company began franchising Precision Tune centers the next year. As automotive technology changed, Precision Tune expanded its service menu to include automotive oil changes, fuel injection, auto air conditioning, cooling systems, brake service and repair and other diagnostic services. In September 1996, the Precision Tune brand name was changed to Precision Tune Auto Care to reflect the shift in emphasis to complete auto care. For more rapid market penetration, Precision Tune Auto Care entered into area development agreements beginning in 1979 in Orlando, FL, which grant area developers the right and obligation to develop auto repair franchises on Precision Tune Auto Care s behalf within specific geographic regions for stated periods of time. However, franchise agreements within the area are between PACI and the franchisee. In 2017 Icahn Automotive purchased Precision Tune Auto Care. Precision Tune Auto Care continues to operate as a standalone entity focused on providing customers total car care. 2 Newmark Wilson Kibler

4 Retail Aerial Old Trolley Road (28,100 VPD) Midland Parkway (14,400VPD) 3 Newmark Wilson Kibler

5 Market Information Charleston Market Overview Tourism, job gains, and residential growth continue to drive development and strengthen Charleston s already thriving retail market. Companies including Boeing, Benefitfocus, Daimler, and PeopleMatter have added thousands of jobs to the region recently, contributing to the metro s dramatic population increase over the past few years. Annual deliveries have remained in line with the metro s historical average this cycle, and larger projects can be found in submarkets outside of Charleston s core, such as the Dorchester County and Outlying Berkeley County submarkets. The vacancy rate within the metro has held steady at an all-time low of around 3.5% for several quarters. This trough in vacancies resulted in strong 12-month rolling rent growth through rent growth has slowed in recent quarters, has been below one percent in recent quarters. Sales volume has increased in recent years, with just over $250 Million in transaction volume in High occupancy and asking rents create favorable investment conditions for the Charleston metro. Dorchester County Retail Submarket Data 4 Newmark Wilson Kibler