Actual Site

OFFERING MEMORANDUM

Andrew FallonExecutive Managing Director703.787.4733 | afallon@calkain.com

VERIZON WIRELESS CELLULAR SALES OF KNOXVILLE, INC.Bainbridge, GA

Sheree Strome, CCIMAssociate Director404.900.5629 | sstrome@calkain.com

Michael BerkInvestment Sales Associate404.835.7666 | mberk@calkain.com

Asset SummaryNet Operating Income (NOI) $136,000.00

Rent/Month $11,333.33

Rent/SF $34.00

Rentable Square Feet 4,000+/- SF

Land Area 1.30+/- Acres

Tenant Cellular Sales of Georgia, LLC

Credit Rating S&P: BBB+

Stock Symbol Nasdaq: VZ

Guarantor Cellular Sales of Knoxville, Inc

Ownership Type Fee Simple

Lease Type NN

Landlord Responsibilities Roof & Structure

Year Built 2006

Lease Term Remaining 6+ Years

Rent Commencement August 1, 2018

Lease Expiration July 31, 2025

Increases 10% in Options

Options Two (2), Five (5) Year

Investment Highlights • Lease guaranty with Cellular Sales of Knoxville, Inc. • Structured 10% rent escalations in options • Destination retail location anchored by Walmart, Home Depot and

Tractor Supply • Interstate location off US-84 with traffic counts of 14,000 VPD • Verizon has prominent pylon signage, increasing visibility from US-84 • Brand new 7 year lease, commenced August 2018

Rent ScheduleTerm Increases Annual Rent Monthly Rent

8/1/2018 – 7/31/2025 - $136,000 $11,333.33

8/1/2025 – 7/31/2030 (Option 1) 10% $149,600 $12,466.67

8/1/2030 – 7/31/2035 (Option 2 ) 10% $164,560 $13,713.33

Asking Price$1,942,857

Cap Rate 7.00%

1402 Tallahassee HwyBainbridge, GA 39819

Calkain Companies | 2

Verizon Wireless | Financial Summary

Cellular Sales of Georgia d/b/a Verizon WirelessFor the past three years, Inc. Magazine has named Cellular Sales one of the nation’s fastest growing retail companies in the country.

• Founded in 1993 • Cellular Sales Tops 700 Stores • Located in 41 states • 5,200 nationwide employees

This year, Inc. magazine listed Cellular Sales at No. 72 on its list of the nation’s fastest growing companies according to gross dollars of growth. Cellular Sales was ranked No. 1,856 on the fourth annual overall list of the nation’s fastest growing companies (up from No. 2,069 last year). The “Inc. 5,000” represents a comprehensive look at America’s independent-minded entrepreneurs.

Growth for Cellular Sales this year was reported at 147 percent according to Inc. magazine. The magazine ranked Cellular Sales No. 96 on the “Inc. 5,000” list of the nation’s fastest-growing privately held retail companies. The magazine reported that Cellular Sales’ 2006 revenue of $127.9 million grew to $316.1 million last year.

For more information about Cellular Sales, visit the company’s web site www.cellularsales.com.

Tenant SnapshotTenant Snapshot

# of Locations 7,313+

Stock Symbol Nasdaq: VZ

Credit Rating S&P: BBB+

2017 Revenue $126Bil

Market Cap $245Bil

About Cellular Sales of Knoxville, Inc.Cellular Sales of Knoxville, Inc., was founded in Knoxville, TN in 1993 by University of Tennessee graduates, Dane and Meg Scism. The company is currently over 600 locations strong and growing. It is the nation’s largest Verizon premium retailer, and has been chosen by Inc. Magazine as one of the 5,000 fastest-growing private companies in the U.S. for the ninth time since 2008, as part of the publication’s annual Inc. 5000 list. Verizon Wireless is an American telecommunications company which offers wireless products and services. With 149 million subscribers as of October 2017, Verizon Wireless is the largest wireless telecommunications provider in the United States. It operates a national 4G LTE network covering about 98 percent of the U.S. population.

Calkain Companies | 3

Tenant Overview

Site Photos

84US

Calkain Companies | 4

Hollywood

Bainbridge, GA

Jacksonville, FLTallahassee, FL

Atlanta, GAMarietta, GA

Savannah, GA

Augusta, GABirmingham, AL

Albany, GA

Thomasville, GA

Panama City, FL

Subject Site

Tallahassee, FL 49 miles

Albany, GA 60 miles

Panama City 101 miles

Atlanta, GA 234 miles

Calkain Companies | 5

Location Overview

Distance To

Keep all map content (except background) above this margin for website cropping purposes

Tallahassee Hwy 10,000 VPD

US 84

14,00

0 VPD

Shopping Center

Subject Site

84US

84US

1402 Tallahassee Hwy | Bainbridge, GA 39819

Tallahassee Hwy 10,000 VPD

Calkain Companies | 7

Site Plan

3 Mile 5 Miles 10 MilesPopulation2018 Population 13,428 16,516 22,1882023 Population 13,115 16,145 21,7132018 Median Age 36.8 36.9 38.0

Households2018 Total Households 5,052 6,190 8,2082023 Total Households 4,934 6,050 8,034

Average Household Income2018 Average HH Income $49,754 $49,773 $50,5232023 Average HH Income $53,821 $53,941 $55,119

Population 16,516

Median Age 36.9

Total Businesses 848

Total Employees 8,531

5 Mile Radius | Demographics

Bainbridge

Location Overview, 1/3/5 Miles

Calkain Companies | 8

About UsCalkain Companies LLC is a boutique commercial real estate investment banking firm that provides consulting and brokerage services to both private and institutional clientele with a focus on single tenant net lease investments. We pride ourselves on being an innovative leader by providing our clients a full array of commercial real estate investment brokerage and asset management solutions, including advisory, research, debt and equity placement and wealth management.

Calkain has built solid, lasting relationships that have been the cornerstone of how we do business. Calkain approaches each assignment with an eye toward each client’s individual needs. Whether private or institutional investors, Calkain delivers real estate solutions that maximize value while building wealth for all of our clients.

At Calkain, our foresight and innovation are leading the net lease investment industry.

Building a solid foundation for your investment portfoliocalkain.com

Disclaimer: The information contained in this document is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Calkain and its subsidiaries, and should not be made available to any other person or entity without the written consent of Calkain. This document has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property(s). The information contained herein is not a substitute for a thorough due diligence investigation. Calkain and its subsidiaries have not made any investigation, and make no warranty or representation, with respect to the income or expenses for the subject property(s), the future projected financial performance of the property, the size and square footage of the property(s) 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(s). The information contained in this document has been obtained from sources we believe to be reliable; however neither Calkain and its subsidiaries nor the Seller have verified, and will not verify, any of the information contained herein, nor has Calkain and its subsidiaries or the Seller conducted any investigation regarding these matters and make 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.

$12 Billion in Closed Transactions

$400 Million

in Active Listings

Washington, DC 12930 Worldgate Dr Ste 150 | Herndon, VA Tel: 703.787.4714

Fort Lauderdale 200 SW 1st Ave Ste 880 | Fort Lauderdale, FL Tel: 813.282.6000

Atlanta 111 Village Pkwy, Bldg 2 Ste 202 | Marietta, GA Tel: 404.900.5629

Boston 101 Federal St Ste 1900 | Boston, MA Tel: 617.261.8584

Philadelphia 3477 Corporate Pkwy Ste 100 | Center Valley, PA Tel: 610.410.5410

New York 450 Lexington Ave 4th Fl | New York, NY Tel: 703.787.4714