Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

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Absolute Net Lease

Investment Opportunity

5195 Fernandina Road

Columbia, South Carolina

Actual Store

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

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Table of Contents

Investment Highlights

Property Information

Retail Aerial View

Close-Up Aerial View

Location Maps

Site Plan

Property Photos

Demographics & Traffic Count

Tenant Overview

Active and Sold Comparables

About the Area

Broker Profiles

Confidentiality Agreement

3

4

5

6

7

8

9

10

11

12

13

14

15

For more information, please contact:

Nancy Miller, CCIM/MBA

SVP, National Net Lease

Investment Group

(404) 876-1640 x 118

NMiller@BullRealty.com

William Jackel

VP, National Net Lease

Investment Group

(404) 876-1640 x 173

WJackel@BullRealty.com

Bull Realty, Inc.

50 Glenlake Parkway

Suite 600

Atlanta, GA 30328

www.BullRealty.com

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

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5195 Fernandina Road

Columbia, SC

Hooters Net Lease Investment Opportunity 8.2% cap rate

8.2% cap rate on existing income with significant rent bump in 2016 10 years remaining on initial 20 year term with 2 five year options Absolute NNN lease with no landlord responsibilities & rent increases

every five years Corporate guaranteed lease by Atlanta based, Hooters of America Outstanding retail location with visibility to I-26 near Lowes, Home

Depot, Hampton Inn, and Columbiana Centre Shopping Mall Traffic counts exceed 30,000 vehicles per day +/- 5,793 SF store on a large +/- 1.3 acre parcel

Offered for SALE at $2,599,000.00

Investment Highlights

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

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Term Dates Monthly Rent Annual Rent

Initial Term 4/1/2013 - 3/31/2016 $17,688.75 $212,265.00

Initial Term 4/1/2016 - 9/20/2020 $21,403.38 $256,840.56

Initial Term 9/21/2020 - 9/20/2025 $23,543.73 $282,524.76

First Option 9/21/2025 - 9/20/2030 $25,898.09 $310,777.08

Second Option 9/21/2030 - 9/20/2035 $28,487.91 $341,854.92

Property Information

Property Information Subject Property: Single Tenant Property Location: 5195 Fernandina Road Columbia, SC 29212 Richland County Price: $2,599,000 Rentable sq ft: +/- 5,793 Price/sq ft: $448.65 Current Income: $212,265 Cap Rate: 8.2% Rent/sq ft: $36.65 Year Built: 1998 (Renovated in 2005) Lot Size: +/- 1.31 acre Type of Ownership: Fee Simple Lease Summary Tenant Trade Name: Hooters Tenant: Hooters of N. Columbia, LLC A Georgia LLC owned by Hooters of America, LLC

Lease Type: NNN (No landlord responsibilities) Term: 20 years Renewal Options: Two 5-year renewal options Rent Commencement: 9/21/2005

Rent Schedule

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

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Retail Aerial View

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

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Columbia, SC

Close-Up Aerial View

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

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Representative Photo

Location Maps

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

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5195 Fernandina Road

Columbia, SC

Site Plan

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

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Property Photos

Front Side View Front Entry Interior

Rear Parking Area Applebee’s to Left Front Entry

Hampton Inn across the street Wendy’s across the street Home Depot across the street

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

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2014 Demographics (esri)

1 mile

Population 8,062

Households 3,747

Average Household Income $50,886

3 mile

Population 46,886

Households 19,555

Average Household Income $66,265

5 mile

Population 97,513

Households 38,429

Average Household Income $68,456

Demographics & Traffic Count

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

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Tenant Information

Hooters of America, LLC, is based in Atlanta, GA and is the franchisor and operator of over 430 Hooters restaurants in 42 states and 28 coun-tries. Known for its Hooters style chicken wings and hospitality, Hooters offers a beach themed casual dining experience, fun and informality in its restaurants. Established in 1983 in Clearwater, FL, Hooters has a robust growth plan calling for 150 new units, worldwide over the next five years. Hooters of America currently owns and operates 160 of the total 430 units. According to Knapp Track, Hooters has outperformed the casual dining segment in nine of the past 10 quarters ending in September, 2014. Ad-ditionally, Hooters company-owned stores posted same store sales growth of 3.6 percent in the 3rd quarter of 2014. CEO of Hooters of America, Terry Marks recently said “Our focus on food, atmosphere and service continues to pay dividends. Guests are responding enthusiastically to our newly remodeled restaurants, and potential franchisees are also taking note.” Hooters is extremely focused on the selection of outstanding locations, whether corporate or franchise operated. They have very specific crite-ria for population, median income and location size to ensure consisten-cy with the brand. General requirements include a minimum of 100,000 population in the surrounding trade area and a median household in-come of $50,000+. They also prefer to locate in areas with strong area retail traffic generators such as malls, theatres and sporting venues and require traffic counts of at least 30,000 vehicles per day along with and outstanding access and visibility. For more information, visit www.hooters.com.

New Hooters prototype restaurant.

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

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Active and Sold Comparables

Subject Property Price Cap Rate Price/sq ft Building sq ft Land Size

(acres) Location

Hooters $2,599,000 8.20% $448.65 5793 +/-1.31 Columbia, SC

Available Hooters

Location Price Cap Rate Price/sq ft Building sq ft Land Size

(acres)

Indianapolis, IN $3,415,500 6.00% $682.42 5005 0.63 Hooters

Valdosta, GA $2,562,500 6.00% $610.12 4200 4.30 Hooters

Hiram, GA $2,082,064 6.25% $473.41 4398 1.21 Hooters

Sold Hooters

Date Sold Location Price Cap rate Price/sq ft Building sq ft Land Size (acres)

8/5/2014 Topeka, KS $2,798,000 7.15% $466.33 6000 1.85

4/29/2014 Loveland, CO $2,435,000 7.58% $551.53 4415 1.91

3/31/2014 Fort Worth, TX $3,425,000 7.00% $613.69 5581 1.50

2/21/2014 Waco, TX $2,640,000 7.00% $395.62 6673 1.89

2/7/2014 Kansas City,

MO $1,931,034 7.00% $471.44 4096 0.56

12/31/2013 Lubbock, TX $2,695,000 7.00% $588.17 4582 0.68

8/22/2013 Sanford, FL $2,770,000 7.40% $554.00 5000 1.50

7/2/2013 Chattanooga,

TN $3,250,000 7.50% $508.61 6390 1.26

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

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About The Area

Columbia, SC is the capital of and largest city in the U.S. state of South Carolina, with a population of 129,272 as of the 2010 United States Census. The city serves as the county seat of Richland County, and a portion of the city extends into neighboring Lexington County. It is the center of the Columbia metropolitan statistical area, which had a population of 767,598 as of 2010, making it the second largest metropolitan area in the state of South Carolina. Columbia has a diversified economy. Major employers include the South Carolina state government, Palmetto Health hospital system, the University of South Carolina, the corporate headquarters of SCANA Energy , Colonial Life & Accident Insurance Company, and over 14 Fortune 500 companies. It is also home to Ft. Jackson, the largest US Army installation for basic combat training. Several major interstate highways connect through Columbia: I-20 goes West to Augusta and Atlanta, I-26 connects Charleston to Greenville-Spartanburg, I-77 which connects north to Rock Hill and Charlotte.

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

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Broker Profiles

NANCY MILLER

Nancy Miller joined Bull Realty in 2001 after being a client of the firm. She specializes in income producing properties, including single and multi-tenant retail properties. Her primary focus is on national credit tenant investment properties. Since joining Bull Realty, Nancy has successfully brokered nearly $250M in investment sales. She and the Net Lease Investment Group list and sell single tenant properties throughout the US, and are recognized retail net lease industry leaders. They publish a quarterly investor newsletter, a monthly electronic newsletter, periodic retail industry surveys, and contribute to the company’s retail blog. In addition, Nancy periodically appears on the Commercial Real Estate Show, a national weekly radio show hosted and produced in Atlanta by broker Michael Bull. Nancy has held a real estate license for over 25 years and is licensed in several southeastern states. She is a Life Member of the Atlanta Commercial Board of Realtors and a member of the International Council of Shopping Centers (ICSC). She holds the prestigious CCIM designation. She also holds a Bachelor of Arts degree from Tulane University and an MBA from Emory University’s Goizueta Business School.

WILL JACKEL

Will Jackel joined Bull Realty and its National Net Lease Investment Group, led by 14-year Bull Realty veteran broker and Senior Vice President, Nancy Miller, in late 2013. Will recently completed his course work for the prestigious CCIM designation. In just over one year, he has been involved in over $14M in single tenant transactions. Prior to joining the Bull Realty team, Will played professional baseball from 2007—2011 with the Florida Marlins and the Philadelphia Phillies. He brings his strong leadership and competitive skills honed on the baseball diamond to better serve his clients. Most recently, Will owned and operated a baseball recruiting service, where he developed his passion for giving back through helping student athletes obtain college scholarships. Baseball taught Will the value of preparation and how to persevere through adversity toward a goal which makes him an outstanding real estate professional. Will attended Florida State University and when not working, he enjoys hunting, fishing, hiking and most of all, spending quality time with his two-year-old son.

Nancy Miller, CCIM, MBA SVP | National Net Lease Investment Group (404) 876-1640 x 118 NMiller@BullRealty.com

William Jackel Associate| National Net Lease Investment Group (404) 876-1640 x 173 WJackel@BullRealty.com

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

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Confidentiality Agreement

This Confidentiality Agreement (“Agreement”) is made and agreed to for the benefit of the undersigned party (“Receiving Party”), the owner of the subject property (the “Seller”) and undersigned broker Bull Realty Incorporated (“Broker”). Now therefore in consideration of the privileges granted to Receiving Party with respect to receiving certain confidential information, and other good and valuable consideration, the Receiving Party hereby agrees to the following: I. Confidential Information: Receiving Party will receive confidential information regarding property referred to as Hooters 5195 Fernandina Road, Columbia, SC. Prospect agrees to not disclose to any person that the property may be available for sale or lease, or that discussions or negotiations are taking place concerning the property, n or any terms, conditions, or other facts with respect to the property, including but not limited to tenant information, lease rates, lease expirations, income and expenses, and any such possible purchase, including the status thereof. The term “person” used in this agreement shall be interpreted broadly and shall include, without limitation, any corporation, company, partnership or individual other than parties to which Broker approves in writing. Receiving Party may share information with directors, officers, employees, agents, affiliates, counsel, lending sources, accountants or representatives of Receiving Party that Receiving Party notifies of the requirements of this Agreement. Receiving Party agrees to not contact the property owner, the management, the tenants, the lender, the vendors, the insurers, the employees or the customers of any business at the site. II. Acting as a Principal: Receiving Party hereby warrants that it is acting as a principal only, and not as a broker, regarding this contemplated transaction. Receiving Party acknowledges that Broker is working an agency capacity as representing the Seller only in this transaction and is the only Broker involved in this potential transaction. Receiving Party agrees to not be involved in any arrangement to lease or purchase the property, in whole or in part, as a lender, partner, buyer of the note, buy in foreclosure, buy from bankruptcy court, or in any other manner acquire an investment in, joint venture or control of the property, unless Bull Realty, Incorporated is paid a commission at closing as per separate agreement with Seller. This agreement will expire two years from the date hereof. III. Governing Law This Agreement shall be governed and construed in accordance with the laws of the State of South Carolina.

Accepted and agreed to this _______ day of ___________________, 2015.

Receiving Party

Signature ___________________________________________________________________

Printed Name _______________________________________________________________

Title _______________________________________________________________________

Company Name _____________________________________________________________

Address ____________________________________________________________________

____________________________________________________________________

You may return the executed agreement by fax (404-876-7073) or email. Bull Realty, Inc. | 50 Glenlake Parkway, Suite 600 | Atlanta, GA 30328

Bull Realty SC license # 57796 | Nancy Miller SC license #65151

Email ______________________________________________________________________

Phone _____________________________________________________________________

Fax ________________________________________________________________________

Broker

Signature ___________________________________________________________________

Printed Name ________________________________________________________________