Christian Brothers - Hixson, TN by STRIVE

Representative Photo

HIXSON, TN

CHRISTIAN BROTHERS AUTOMOTIVE - HIXSON

PRICING & FINANCIAL ANALYSIS

FINANCIAL ANALYSIS

CBAC - Hixson 5595 Hixson Pike Hixson, TN 37343

Offering Summary Price Cap Rate Net Operating Income Year Built Gross Leasable Area

6.25% $169,800 2016 5,849 SF

Representative Photo

1.35 Acres

PROPERTY DESCRIPTION

Lot Size

$2,715,000

Annualized Operating Data Lease Summary Lease Term

Lease Commencement

At Close of Escrow

Lease Expiration

15 Years from COE

Remaining Term

15 Years

Lease Type Increases Options Options to Purchase

Tenant 1.5% Starting in Yr 6 5 x 10 Year No

Annual $169,800 $172,347 $174,932 $177,556 $180,220 $182,923 $185,667 $188,452 $191,278 $194,148 $197,060

Net Operating Income

$169,800

Increase 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%

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. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Â© 2017 STRIVE

MARKET OVERVIEW

Roof & Structure

NNN

Primary Term Yrs 1-5: Yr 6: Yr 7: Yr 8: Yr 9: Yr 10: Yr 11: Yr 12: Yr 13: Yr 14: Yr 15:

CHRISTIAN BROTHERS AUTOMOTIVE - HIXSON

TENANT & LEASE INFORMATION

FINANCIAL ANALYSIS

Tenant Summary Tenant Ownership

Christian Brothers Automotive Private

Market Cap

See Agent For Details

Sales Volume

See Agent For Details

Number of Locations Years In Business Headquarters Website

PROPERTY DESCRIPTION

Christian Brothers Automotive was founded in 1982 because there was a void in the auto repair industry. Customer service and honest, genuine auto repair service was tough to find. They haven’t changed their focus in thirty years. They still have some of the original employees on board, and they still believe that it’s possible to provide the best auto repair service with the best customer service. In 2008, Christian Brothers announced a growth initiative that would take their brand to approximately 175 stores throughout the southeast, lower midwest and southwest United States by 2017.

160+ 35+ Years Houston, TX www.cbac.com

MARKET OVERVIEW 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. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 STRIVE

INVESTMENT HIGHLIGHTS

CHRISTIAN BROTHERS AUTOMOTIVE - HIXSON

FINANCIAL ANALYSIS

• Long-Term Absolute Triple-Net Lease • Zero Landlord Responsibility • 15-Year Primary Term with Options up to 65 Years • One and One-Half Percent Annual Rent Escalations Starting Year 6

PROPERTY DESCRIPTION

• Strong Corporate Guarantee • Christian Brothers started in 1982, is Growing at 15-20 Locations per Year, Currently Has Over 165 Locations and Never Closed a Store • Directly Across the Street From Food City Grocery Store

MARKET OVERVIEW

• National Surrounding Retailers Include Publix, Food City, Wendy’s, Hardee’s and More • Strong Growing Area of Chattanooga, TN • Traffic Counts on Hixson Pike Exceed 28,000 Vehicles Per Day

ELEVATION

CHRISTIAN BROTHERS AUTOMOTIVE - HIXSON

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW

Note: this is the generic evelation plan for a typical Christian Brothers Automotive location. Actual subject property may vary depending on location. 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. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. ÂŠ 2017 STRIVE

SITE PLAN

CHRISTIAN BROTHERS AUTOMOTIVE - HIXSON

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW

Note: this is the generic site plan for all Christian Brothers Automotive locations. Actual subject property may vary depending on location. 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. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. ÂŠ 2017 STRIVE

AERIAL MAP

CHRISTIAN BROTHERS AUTOMOTIVE - HIXSON

FINANCIAL ANALYSIS

Hixson High School

Hixson Middle School

PROPERTY DESCRIPTION MARKET OVERVIEW 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. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Â© 2017 STRIVE

LOCAL MAP

CHRISTIAN BROTHERS AUTOMOTIVE - HIXSON

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW 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. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Â© 2017 STRIVE

REGIONAL MAP

CHRISTIAN BROTHERS AUTOMOTIVE - HIXSON

MARKET SUMMARY

CHRISTIAN BROTHERS AUTOMOTIVE - HIXSON

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

CHATTANOOGA, TN Tucked between the mountains of Southeast Tennessee, along the beautiful Tennessee River, Chattanooga is one of America’s most breathtaking cities. The official nickname for Chattanooga is the Scenic City, reinforced by the city’s reputation for outdoor activities such as rock climbing, mountain biking, hiking and whitewater rafting. Chattanooga is home to the second-largest campus of the University of Tennessee System with a student population of more than 11,000, and is home to manufacturing and distributing facilities for several large companies including Amazon and Volkswagen. Chattanooga hosts the well-known Riverbend Festival, an annual nine-day music festival held in June in the downtown area. One of the most popular events is the “Bessie Smith Strut”, a one-night showcase of blues and jazz music named for the city’s most noted blues singer. There are also annual festivals celebrating beer, barbecue, all types of music and dance, and science fiction among other things.

MARKET OVERVIEW

hattanooga is the fourth-largest Tennessee city and is C the seat of Hamilton County. Located in southeastern Tennessee, on the Tennessee River, served by multiple railroads and Interstate highways, Chattanooga is a transit hub. The city has received national recognition for the renaissance of its beautiful downtown and redevelopment of its riverfront. The city boasts the most productive affordable housing program in the nation, and is notable for leveraging development funds through effective public/private partnerships, with significant civic involvement on the part of private foundations. Chattanooga was one of the first US cities to effectively use a citizen visioning process to set specific long-range goals to enrich the lives of residents and visitors. Chattanooga, a city in southeastern Tennessee, is set along the Tennessee River in the foothills of the Appalachian Mountains. Its trolleylike Incline Railway scales steep Lookout Mountain before reaching Ruby Falls waterfall and Rock City, featuring sweeping views, sandstone formations and gardens. Point Park, also atop Lookout, marks the site of a Civil War battle now honored at the Battles for Chattanooga Museum.

DEMOGRAPHIC STATISTICS 1 Mile

3 Mile

5 Mile

2,155 2,106 2,124 2.33% -0.85% 155

32,966 32,044 31,452 2.88% 1.88% 1,520

75,000 72,709 70,319 3.15% 3.40% 2,782

1,796 166 14 86 7 37 2

28,406 1,987 134 994 21 502 27

59,821 9,850 273 1,560 35 1,171 43

952 928 932 2.59% -0.43% 495 434 $55,996 $44,856

13,896 13,516 13,343 2.81% 1.30% 9,296 4,220 $79,491 $63,223

31,565 30,607 29,716 3.13% 3.00% 21,057 9,550 $71,468 $54,076

287 235 178 87 68 40 18 15

2,313 3,049 2,363 2,063 1,310 965 960 494

6,348 7,903 5,524 3,891 2,759 1,675 1,476 1,030

FINANCIAL ANALYSIS

Radius

CHRISTIAN BROTHERS AUTOMOTIVE - HIXSON

Population: 2022 Projection 2017 Estimate 2010 Census Growth 2017-2022 Growth 2010-2017 2017 Population Hispanic Origin

2017 Population by Race:

Households:

2022 Projection 2017 Estimate 2010 Census Growth 2017 - 2022 Growth 2010 - 2017 Owner Occupied Renter Occupied 2017 Avg Household Income 2017 Med Household Income

2017 Households by Household Inc:

MARKET OVERVIEW

<$25,000 $25,000 - $50,000 $50,000 - $75,000 $75,000 - $100,000 $100,000 - $125,000 $125,000 - $150,000 $150,000 - $200,000 $200,000+

PROPERTY DESCRIPTION

White Black Am. Indian & Alaskan Asian Hawaiian & Pacific Island Other U.S. Armed Forces:

CONFIDENTIALITY AGREEMENT The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from STRIVE and it should not be made available to any other person or entity without the written consent of STRIVE. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to STRIVE. This offering memorandum has been prepared to provide summary, unverified financial and physical 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. STRIVE 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, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenantâ&#x20AC;&#x2122;s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE 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. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.

Net Lease Disclaimer STRIVE 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, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE 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. STRIVE 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 STRIVE 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.

Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

Information About Brokerage Services

efore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an

intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: (1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

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