10 Year Family Dollar NNN Lease - Rare Urban location

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1 O w n e r / B r o k e r O w n e r / B r o k e r 10 Year Family Dollar NNN Lease - Rare Urban location A c t u a l P r o p e r t y P h o t o Sale Price: $2,000,000 NOI: $120,000 / year Cap Rate: 6.00% Lease Type: Modified NNN Initial Term: 10 years Building Size: +/- 12,563 SF Property Size: +/ Acres Features: Corporate Guaranteed Lease Minimal Landlord Responsibilities Modified NNN Lease Fee-simple Ownership Low Rent ($9.55/SF) Very Rare Metropolitan Location Corner Property Excellent Access, Visibility, & Signage Expected Delivery Date: 10/31/2017 The information contained herein is believed to be reliable. While we do not doubt the accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Brokers are principals of the seller.

2 Investment Summary Investment Summary. Absolute Investment Realty has been selected as the exclusive representative of this opportunity to own a rare metro area Family Dollar leased property located in one of the most underserved trade areas in Albuquerque, New Mexico. The site sits just blocks away from Albuquerque's Central Business District in the heart of Downtown. Family Dollar has sought a location in this trade area for over 10 years and has just signed a 10 year modified NNN lease for this property. The higher than average rental rate is a testament to the desirability of this location and the tenant s commitment to the property. Real Estate: Fundamental down-town infill location Corner property Freestanding building.7284 Acres +/- 12,563 SF building 100% leased to tenant +/- 8,603 SF retail area. The building includes an additional 3,960 Square feet of storage space. Masonry & Steel Construction Complete remodel of existing building Brand new 20 year TPO roof 32 on site parking stalls on brand new parking lot Lease Summary: Modified NNN Lease Landlord maintains roof and structure (Brand-new TPO roof with 15 year warranty, masonry & steel structure). Tenant: Family Dollar Corporation 10 Year Initial Term Six (6) Five year options Five percent (5%) Rent increase in year 11 5% increases every 5 years. Anticipated delivery date 10/31/2017 Rent commencement: 30 days following delivery

3 Down Town Albuquerque Trade Area Rio Grande Zoo SITE Trade Area Demographics Radius (Miles) Population (2017 Estimate) 13,510 88, ,814 Households (2017 Estimate) 6,013 37,583 97,464 $43,068 $54,376 $52,746 Avg. Household Income (2017) Absolute Investment Realty 105 Jefferson St. NE Albuquerque, NM Bridge Blvd. 32,940 VPD Jeremy Nelson Jeremy@go-absolute.net Alfredo Barrenechea Alfredo@go-absolute.net

4 Site Close Up Site About the Location Situated in the Edo (East Down Town) neighborhood of Albuquerque, New Mexico, the property has fantastic corner access and excellent visibility. Broadway Ave. is a primary corridor running north to south through the entire city and eventually becoming highway 47. The trade area is one of the most densely populated areas of the city, yet is lacking in services. Family Dollar expects very strong sales as reflected by the premium rent of $120,000 per year. Lending more validity to the strength of the location, the neighborhood has been eagerly awaiting the store opening and submitted letters of support for the project. The downtown trade area is the fastest growing area of the city with more residential units per planned than any other submarket. Edo in particular has experienced increased home prices and a recent revitalization.

5 Site Plan

6 Exterior Property Photos About the Building & Property. The completely remodeled building is a masonry building with concrete and steel roof structure. The Roof features a brand new TPO roof with a 20 year warranty which is transferrable to the new owner. The original parking area was completely removed to the dirt and re-graded and paved. The building features all new HVAC, electrical and storefront. Actual Property Photo Actual Property Photo

7 Interior Photos About the Finishes. The masonry building was completely gutted to the bare walls & floors and re0built from the ground-up. Everything is brand new with top quality finishes including all new interior walls, ceilings, lights, finishes, floors, paint, bathrooms, storage area. Landlord Work is Complete. Expected Delivery Oct 31, 2107

8 Rent Schedule Initial Term Lease Year Annual Rent % Increase 1 $120,000 2 $120,000 3 $120,000 4 $120,000 5 $120,000 6 $120,000 7 $120,000 8 $120,000 9 $120, $120,000 Option 1 Lease Year Annual Rent % Increase 11 $126,000 5% 12 $126, $126, $126, $126,000 Option 2 Lease Year Annual Rent % Increase 16 $132,300 5% 17 $132, $132, $132, $132,300 Option 3 Lease Year Annual Rent % Increase 21 $138,915 5% 22 $138, $138, $138, $138,915 Option 4 Lease Year Rent % Increase 26 $145,860 5% 27 $145, $145, $145, $145,860 Option 5 Lease Year Annual Rent % Increase 31 $153,154 5% 32 $153, $153, $153, $153,154 Option 6 Lease Year Annual Rent % Increase 36 $160,811 5% 37 $160, $160, $160, $160,811 Representative Photo. Not Actual Building

9 Tenant Overview Dollar Tree, Inc., the parent company of Family Dollar, incorporated on February 22, 2008, is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores in approximately 48 states and over five Canadian provinces. The Company's segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores. The Company's stores operate under the names of Dollar Tree, Family Dollar, Dollar Tree Canada, Deals and Dollar Tree Deals. The Dollar Tree segment includes its operations under the Dollar Tree, Dollar Tree Canada, Deals and Dollar Tree Deals brands, approximately 10 distribution centers in the United States and over two in Canada, and a Store Support Center in Chesapeake, Virginia. The Family Dollar segment consists of its operations under the Family Dollar brand, over 11 distribution centers and a Store Support Center in Matthews, North Carolina.

10 Lease Abstract Property Address 613 Broadway Blvd SE, Albuquerque, NM Tenant Trade Name Guarantor Use Total GLA Family Dollar Stores of New Mexico Inc. Family Dollar Family Dollar Stores, Inc. Sale of Retail Merchandise 12,125 SF Lease Executed December 19, 2016 Lease Commencement Rent Commencement Initial Term Option Terms Upon Delivery to Tenant October 31, 2017 (Estimated) 60 days from the Delivery Date 10 Years 6, 5 year options Lease End September 30, 2027 Initial Rent Rent Excalations Security Deposit $0 Lease Type Landlord Expenses Exclusive Use Sales Reporting Landlord TI Contribution $10,000/mo ($9.60/psf) 5.00% every 5 years beginning with the 1st option Modified - NNN Landlord responsible for Roof & Structure and certain other misc. items. Masonry Building has been completely remodeled with new 20 year TPO roof, parking lot, interior, etc. None - Landlord pays commercial property insurance which is reimbursed by Tenant. n/a n/a None

11 Albuquerque, New Mexico MSA Albuquerque MSA SITE SITE New Mexico j e r e m g o - a b s o l u t e. n e t a l f r e d g o - a b s o l u t e. n e t

12 Albuquerque MSA Albuquerque is located in the Rio Grande Valley, and is shadowed by the majestic Sandia Mountains. The metro area has a population of approximately 887,000 people with a projected growth rate of 7.2% over the next 2.5 years. Rio Rancho, a suburb of Albuquerque with a population of 89,900, has experienced explosive growth of over 65% from 2, , is the fastest growing city in New Mexico, and one of the fastest growing cities in the United States. Albuquerque MSA Demographics Population (2015 Estimate) 907,679 Households (2015 Estimate) 357,434 Avg. Household Income (2015 Estimate) $65,193 Albuquerque is home to the University of New Mexico (UNM) and the University of New Mexico Hospital (UNMH) which together employ 20,210 people. Kirtland Air Force Base and Sandia National employ a high-tech, educated work force of about 23,000 people. Albuquerque lies at the center of the New Mexico Technology Corridor, a concentration of high-tech private companies and government institutions along the Rio Grande river valley. Some key technology based employers include Sandia National Laboratories, Intel, Raytheon, Northrup Grumman, and Titan Aerospace (recently purchased by Google). Albuquerque is a regional center for transportation, health care and medical services, government agencies, nuclear research, banking, and tourism. Albuquerque is host to the world famous Albuquerque International Balloon Fiesta which draws over 1,000,000 visitors per year. Albuquerque is less than 1 hour from the world famous tourist destination of Santa Fe, has year round outdoor activities and consistently wins awards for quality of life, and low cost of living,. Albuquerque is ranked as one of Forbes Best Cities for Business