OFFERING MEMORANDUM

GOLDEN CORRAL | ABSOLUTE NNN LEASE160 S MARLIN ROAD, GREENWOOD, IN 46142

THE KASE GROUP

ACTUAL SITE PHOTO

WWW.THEK ASEGROUP.COM | GOLDEN CORRAL GREENWOOD, IN

The material contained in this Investment Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of Sperry Van Ness or Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Property Owner (“Owner”) in connection with the sale of the Property is the Sperry Van Ness Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Investment Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to Sperry Van Ness.

Neither the Sperry Van Ness Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future performance of the Property. This Offering Brochure may include certain statements and estimates by Sperry Van Ness with respect to the projected future performance of the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such es mates will be achieved. Further, the Sperry Van Ness Advisor and the Owner disclaim any and all liability for representations or warranties, ex- pressed or implied, contained in or omitted from this Investment Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner.

DISCLAIMER & CONFIDENTIALITY

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the Sperry Van Ness Advisor, nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Investment Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Investment Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any me with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Investment Offering Brochure or making an offer to purchase the Property unless and un l the Owner executes and delivers a signed Real Estate Purchase Agreement on terms accept- able to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the Sperry Van Ness Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

WWW.THEK ASEGROUP.COM | GOLDEN CORRAL GREENWOOD, IN

4 INVESTMENT OVERVIEW

5 FINANCIAL SUMMARY

6 TENANT OVERVIEW

7 LOCATION AERIAL

8 DEMOGRAPHICS

9 AREA OVERVIEW

TABLE OF CONTENTS

JEFF GATES | SENIOR ADVISOR T: 415.231.5231 E: jgates@svn.com BRE#01768554

JACOB ABUSHARKH | MANAGING DIRECTOR T: 415.269.2474 E: jacob@svn.com BRE#01385529

WWW.THEK ASEGROUP.COM | GOLDEN CORRAL GREENWOOD, IN | 4

INVESTMENT HIGHLIGHTS

OFFERING SPECIFICATIONS

The Kase Group is pleased to present this rare Golden Corral fee simple absolute NNN lease. The lease calls for zero landlord obligations. There are scheduled 9.8% rental increases every five years, with four 5 year options to renew. The asset is well situated approximately 12 miles south of Indianapolis, directly along Route 135. Golden Corral benefits from this heavily trafficked retail location with nearby retailers including Kroger, Fifth Third Bank, LA Fitness, ALDI, Walgreens, Target, CVS and FedEx, among others.

ABSOLUTE NNN LEASE

100% FEE SIMPLE INTEREST

ZERO LANDLORD OBLIGATIONS

SCHEDULED INCREASES IN RENT

HEALTHY RENT TO SALES RATIO

STRONG AND EXPERIENCED OPERATOR

LOCATED ON A MAJOR RETAIL THOROUGHFARE, WITH NEARBY RETAILERS INCLUDING KROGER AND ALDI

PRICE $2,907,057

CAP RATE 7.95%

NET OPERATING INCOME $231,111

SQUARE-FOOTAGE 10,040

YEAR BUILT 2001

LOT SIZE 1.94 AC

INVESETMENT OVERVIEW

WWW.THEK ASEGROUP.COM | GOLDEN CORRAL GREENWOOD, IN | 5

FINANCIAL SUMMARY

SUMMARY

TENANT NAME CPB FOODS, INC

SQUARE FOOTAGE 10,040

LEASE BEGINS 01/10/2013

LEASE ENDS 01/31/2028

ANNUAL RENT $231,111*

INCREASES 9.788% EVERY 5 AND IN EACH OPTION

OPTIONS FOUR, 5 YEAR

GOLDEN CORRAL | ABSOLUTE NNN LEASE160 S MARLIN ROAD, GREENWOOD, IN 46142

$2 ,907,057 7.95% CAPFEE S IMPLE OWNERSHIP

OPERATING SUMMARY

NET OPERATING INCOME CAP RATE

CURRENT $231,111 7.95%

2/2023 - 1/2028 $253,733 8.73%

OPTION 1 $278,568 9.58%

OPTION 2 $305,834 10.52%

OPTION 3 $335,769 11.55%

OPTION 4 $368,634 12.68%

*Current rent is $210,507 annually. The next rental increase occurs in February of 2018. Seller to credit the difference between current rent and rental increase at close of escrow.

WWW.THEK ASEGROUP.COM | GOLDEN CORRAL GREENWOOD, IN | 6

CPB FOODS, INC

CPB Foods, LLC was formed by Ulysses “Junior” Bridgeman, Michael Canteyand David Peterson for the purpose of owning and operating Golden Corralrestaurants.

Golden Corral is an American family-style restaurant chain serving breakfast, lunch and dinner, featuring a large all-you-can-eat buffet, a grill offeringnumerous hot and cold dishes, a carving station and a bakery. It is a privately held company headquartered in Raleigh, North Carolina with approximately 500 locations across 41 states.

Golden Corral has a tradition of offering all of its guests real, wholesome foodsin a family-friendly atmosphere at a great value. Golden Corral’s legendary,endless buffet features an abundant variety of delicious familiar favoritesand continuous new menu offerings. The Company’s vision is to be the leaderin the family restaurant segment by making pleasurable dining affordable forevery guest, at every restaurant, every day. Among other accolades received,Entrepreneur magazine named Golden Corral the #1 franchisor in the U.S.among family steakhouses in 2016 for the 20th year

TENANT OVERVIEW

500LOCATIONS

PRIVATELYHELD

$

WWW.THEK ASEGROUP.COM | GOLDEN CORRAL GREENWOOD, IN | 7

LOCATION AERIAL

WWW.THEK ASEGROUP.COM | GOLDEN CORRAL GREENWOOD, IN | 8

1 MILE 3 MILES 5 MILES

TOTAL POPULATION 7,905 62,543 137,563

TOTAL NUMBER OF HOUSEHOLDS 3,057 24,115 54,343

AVERAGE HOUSEHOLD INCOME $85,233 $79,014 $72,272

AVERAGE AGE 41.4 39.1 37.4

DEMOGRAPHICS

WWW.THEK ASEGROUP.COM | GOLDEN CORRAL GREENWOOD, IN | 9

GREENWOOD, INDIANA

Greenwood is a city in Johnson County, Indiana, United States. The population was 49,791 at the 2010 Census, and increased to 55,586 in the Census 2015 estimates. Greenwood is located between Indiana State Road 37 and Interstate 65. The city shares a border with Indianapolis and is the most populous suburb in the southern portion of the Indianapolis Metropolitan Area.

AREA OVERVIEWDEMOGRAPHICS 1 MILE 3 MILES 5 MILES

TOTAL - HOUSEHOLDS 3,057 24,115 54,343

TOTAL - POPULATION 7,905 62,543 137,563

PERSONS PER HOUSEHOLD 2.6 2.6 2.5

AVERAGE HOUSEHOLD INCOME $85,233 $79,014 $72,272

AVERAGE HOUSE VALUE $174,405 $172,434 $161,069

AVERAGE AGE 41.4 39.1 37.4

AVERAGE AGE MALE 40.3 37.6 36.1

AVERAGE AGE FEMALE 42.7 40.9 38.9

POPULATION WHITE 7,604 58,860 126,848

POPULATION BLACK 38 647 2,199

POPULATION HISPANIC 177 2,397 5,833

POPULATION ASIAN 236 1,718 4,419

POPULATION PACIFIC ISLANDER 0 0 0

POPULATION AMERICAN INDIAN 4 45 149

POPULATION OTHER 0 862 2,506

GOLDEN CORRAL | ABSOLUTE NNN LEASE160 S MARLIN ROAD, GREENWOOD, IN 46142

THE KASE GROUP

WWW.THEK ASEGROUP.COMAl l Sperr y Van Ness® Of f ices

Independent lyOwned & Operated

GREENWOOD | INDIANA

JEFF GATES | SENIOR ADVISOR T: 415.231.5231 E: jgates@svn.com BRE#01768554

JACOB ABUSHARKH | MANAGING DIRECTOR T: 415.269.2474 E: jacob@svn.com BRE#01385529