Exclusively Offered By:

Ty Underwood

214-520-8818 ext. 4

Fax: 214-520-8815

tyunderwood@sljcompany.com

SLJ COMPANY, LLC 4311 W. Lovers Lane, Suite 200

Dallas, TX 75209

214-520-8818

7-ELEVEN GROUND LEASE 4415 W MOCKINGBIRD LN., DALLAS, TEXAS 75209

CONFIDENTIAL OFFERING MEMORANDUM

UNSUBORDINATED GROUND LEASE OFFERING

TABLE OF CONTENTS 4415 W MOCKINGBIRD LN | 1

I. 2 EXECUTIVE SUMMARY

II. 3 PROPERTY PROFILE

III. 4 LEASE ABSTRACT

IV. 5 TENANT OVERVIEW

V. 6 LOCATION MAP

VI. 7 AERIAL PHOTOGRAPHS

VII. 10 SITE PLAN & DRAWINGS

VIII. 12 DEMOGRAPHICS

IX. 13 LOCATION OVERVIEW

X. 14 DISCLAIMER & DISCLOSURE

EXECUTIVE SUMMARY & HIGHLIGHTS

EXECUTIVE SUMMARY

SLJ Company, LLC (“SLJ”) has been exclusively retained

to offer 7-Eleven, a corporately guaranteed

unsubordinated ground lease offering located at 4415

W Mockingbird Ln. in Dallas, Texas. Located 0.25

miles east of Dallas Love Field Airport, 7-Eleven is

positioned along an established retail corridor with

exposure to combined traffic counts of approximately

47,654 vehicles per day. 7-Eleven is situated at the

signalized intersection of W Mockingbird Ln. and Roper

St. with access points from both roads. 7-Eleven has a

new 10 year ground lease with 7-Eleven, Inc. 7-Eleven

is an international brand name operating over 37,000

convenience stores worldwide. The ground lease has

10% rent escalations every 5 years and 4, five-year

option periods. 7-Eleven is anticipated to open in April

2016.

The 7-Eleven is located in a densely populated area

with over 138,000 and 365,000 people residing within

a 3 and 5 mile radii respectively. Additionally, average

annual household incomes exceed $108,000 within a

3 mile radii which is more than double the national

average. Other area nationally recognized retailers in

the trade area include Home Depot, Lowe’s, Starbucks,

Discount Tire, CVS Pharmacy, AT&T, Wells Fargo Bank,

Bank of America, Comerica Bank and Panera Bread,

among others.

Overall, 7-Eleven offers an investor the opportunity to

acquire an irreplaceable infill income producing asset

with a new 10 year unsubordinated ground lease to a

nationally recognized corporate tenant that will benefit

from the economic growth occurring around Dallas

Love Field Airport.

PROPERTY HIGHLIGHTS

IRREPLACABLE INFILL LOCATION Located at the signalized intersection of W Mockingbird Ln. and Roper St.,

7-Eleven sits in a major commercial corridor in Dallas between the Park

Cities Neighborhoods, Dallas Love Field Airport and the Medical District.

LONG-TERM TENANT 7-Eleven has a new 10 year ground lease which runs through March 31,

2026. Additionally, there are 4, five-year renewal option terms available.

UNSUBORDINATED GROUND LEASE 7-Eleven has a corporately guaranteed unsubordinated ground lease with

zero landlord responsibility.

RENT ESCALATIONS 7-Eleven enjoys 10% rent escalations every 5 years.

HIGH TRAFFIC COUNTS With a combined traffic count of approximately 47,654 vehicles per day on

W Mockingbird Ln. and Lemmon Ave., 7-Eleven has tremendous exposure

to vehicular traffic.

STRONG DEMOGRAPHICS With approximately 138,779 and 365,753 residing within a 3 and 5 mile

radii of 7-Eleven respectively, the Property benefits from a large pool of

consumers within close proximity. Additionally, the average household

income within a 3 mile radius of 7-eleven is $108,380 which is more than

double the national average.

MANY AREA TRAFFIC DRIVERS Dallas Love Field Airport, Dallas Medical District, BMW of Dallas, Park

Place Mercedes/Porsche/Aston Martin, Sewell Cadillac/GMC/Lexus, LA

Fitness, Home Depot, Lowe’s, Starbucks, Comerica Bank, CVS Pharmacy,

AT&T, Wells Fargo Bank, among many others, are located along W

Mockingbird Ln. and Lemmon Ave.

4415 W MOCKINGBIRD LN | 2

PROPERTY PROFILE

ADDRESS 4415 W Mockingbird Ln., Dallas, Texas 75209

LOCATION 7-Eleven is located at the northwest corner of W Mockingbird Ln. and Roper St., in Dallas, Texas.

BUILDING AREA Approximately 3,010 Square Feet

YEAR BUILT To Be Completed in April 2016

LAND AREA ±29,650 Square Feet (0.680 Acres)

TRAFFIC COUNTS W Mockingbird Ln: 23,749 VPD (2014)

Lemmon Ave: 23,905 VPD (2014)

POINTS OF INTEREST/NEIGHBORING RETAILERS Dallas Love Field Airport, The Medical District, BMW of Dallas, Park Place

Mercedes/Porsche/Aston Martin, Sewell Cadillac/GMC/Lexus, LA Fitness, Home Depot, Lowe’s,

Starbucks, Comerica Bank, CVS Pharmacy, AT&T, Wells Fargo Bank, among many others.

4415 W MOCKINGBIRD LN | 3

LEASE ABSTRACT 4415 W MOCKINGBIRD LN | 4

OFFERING PRICE $2,572,000

CAP RATE 3.50%

TENANT 7-Eleven, Inc.

NET OPERATING INCOME $90,000

RENT ESCALATIONS 10% every 5 years

BASE LEASE TERM 10 Years

RENEWAL OPTIONS Four, 5-Year Options

LEASE TYPE Corporate Unsubordinated Ground

Lease

LEASE COMMENCEMENT April 1, 2016

LEASE EXPIRATION (PRIMARY TERM) March 31, 2026

RENT SCHEDULE

LEASE YEAR ANNUAL RENT MONTHLY RENT

1-5 (Initial Term) $90,000.00 $7,500.00

6-10 (initial Term) $99,000.00 $8,250.00

11-15 (First Extended Term) $108,900.00 $9,075.00

16-20 (Second Extended Term) $119,790.00 $9,982.50

21-25 (Third Extended Term) $131,769.00 $10,980.75

26-30 (Fourth Extended Term) $144,945.90 $12,078.82

TENANT OVERVIEW

CORPORATE SUMMARY The brand name 7-Eleven is now part of an international chain of convenience stores, operating under

Seven-Eleven Japan Co., Ltd., primarily operating as a franchise. It is the largest chain store with more

than 37,000 outlets operating around the world, surpassing the previous record-holder McDonald’s

Corporation in 2007 by approximately 1,000 retail stores. Its stores are located in eighteen countries,

with its largest markets being Japan, the United States, Canada, the Philippines, Hong Kong, Taiwan,

Malaysia and Thailand. 7-Eleven, Inc. as a former U.S.-originating company, is a subsidiary of Seven-

Eleven Japan Co., Ltd, which in turn is owned by Seven & I Holdings Co. of Japan. The US chain has its

headquarters in downtown Dallas, Texas approximately 4 miles from the subject property.

7-Eleven also is one of the nation’s largest independent gasoline retailers. Its company’s name was

changed from The Southland Corporation to 7-Eleven, Inc. after approval by shareholders on April 28,

1999.

7-Eleven was founded in 1927 in Dallas, Texas. The company pioneered the convenience store concept

during its first years of operation as an ice company when its retail outlets began selling milk, bread and

eggs as a convenience to customers. The name 7-Eleven originated in 1946 when the stores were open

from 7 a.m. to 11 p.m. Today, offering customers 24-hour convenience, seven days a week.

7-Eleven focuses on meeting the needs of convenience-oriented customers by providing a broad

selection of fresh, high-quality products and services at everyday fair prices, speedy transactions and a

clean and friendly shopping environment. Each store’s selection of about 2,500 different products and

services is tailored to meet the needs and preferences of local customers. Stores typically vary in size

from 2,400 to 3,000 square feet and are most often located on corners for great visibility and easy

access.

7-Eleven operates, franchises and licenses more than 7,000 stores in North America. Of the close to

5,400 stores the company operates and franchises in the United States, more than 3,600 are franchised.

Internationally, 7-Eleven licensees and affiliates operate approximately 34,000 7-Eleven and other

convenience stores in countries including Japan, Australia, Taiwan, Singapore, Philippines, Sweden,

Denmark, South Korea, Thailand, Norway, Turkey, Malaysia, China, Hong Kong and the U.S. territory of

Puerto Rico.

4415 W MOCKINGBIRD LN | 5

FOUNDED 1927

HEADQUARTERS Dallas, Texas

LOCATIONS 37,000+

Ownership Private

S&P RATING AA-

WEBSITE www.7-Eleven.com

LOCATION MAP 4415 W MOCKINGBIRD LN | 6

AERIAL PHOTOGRAPH 4415 W MOCKINGBIRD LN | 7

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AERIAL PHOTOGRAPH 4415 W MOCKINGBIRD LN | 9

SITE PLAN 4415 W MOCKINGBIRD LN | 10

STORE ELEVATION 4415 W MOCKINGBIRD LN | 11

DEMOGRAPHICS

RADIUS 1 MILE 3 MILE 5 MILE

2015 Total Population 12,855 138,779 343,087

2015 Daytime Population 18,707 221,926 635,571

2015 Estimated Households 5,286 59,502 146,677

RADIUS 1 MILE 3 MILE 5 MILE

2015 Avg Household Income $89,471 $108,380 $96,409

INCOME

POPULATION

AGE

RADIUS 1 MILE 3 MILE 5 MILE

2015 Median Age Estimate 37 36 35

4415 W MOCKINGBIRD LN | 12

LOCATION OVERVIEW

INTRODUCTION The dynamic urban neighborhood that includes Dallas Love Field Airport and the Medical District

continues to experience growth and vibrancy. Multifamily residential in the surrounding

neighborhoods continues to expand, with significant growth along Maple Avenue in the past few

years. Between the most recently constructed complexes and the developments currently being

planned, there are over 6,000 residential units being added to the area. The completion of the

DART Green Line adds a convenient access to the metro area. The 37-acre West Love

development at Mockingbird and Maple is currently under construction. The project will include

1,000 new residential units, a national dual-branded hotel and approximately 80,000 square feet

of retail.

DALLAS LOVE FIELD AIRPORT Love Field is going through a complete revitalization, The Love Field Modernization Program

(LFMP) has renovated and expanded Love Field - creating a cohesive, modern facility that serves

the needs of Dallas citizens and travelers for many years to come. The LFMP renovations include a

new centralized concourse with 20 gates, a remodeled lobby, expanded baggage claim area and a

new ticketing wing. Southwest Airlines’ traffic has increase 60% on an annualized basis.

MEDICAL DISTRICT The Medical District continues to flourish and expand with the recent completion of two new

hospitals. The brand new $1.3 billion dollar Parkland Memorial Hospital opened in August of

2015. The hospital averages more than 1 million patient visits annually and the 2.8 million

square-foot facility is equipped with 862 single-patient rooms, a Level I Trauma Center, the second

largest civilian burn center in the U.S. and a Level III Neonatal Intensive Care Unit. UT

Southwestern’s new $800 million state-of-the-art medical facility – the William P. Clements Jr.

University Hospital – is rapidly changing the West Campus skyline. The 12-story, 1.3 million

square-foot hospital opened in late 2014. A 500,000-square-foot biotechnology park on 13 acres,

called BioCenter at Southwestern Medical District, is attracting innovative biotech companies to

the area, as well as increasing research opportunities.

MEDICAL DISTRICT DATA

390 acres in size 3 major hospital systems

+/- 30,032 total employees 4,533 students/residents and fellows

6,000 visits per day to clinics and ER’s 2,239,690 annual visits in 2013

1,955 licensed beds and growing 90,367 patients admitted in 2013

4415 W MOCKINGBIRD LN | 13

DISCLAIMER & DISCLOSURE

The material contained in this Memorandum is

confidential, furnished solely for the purpose of

considering an investment in the properties described

herein, and is not to be used for any other purpose, or

made available to any other person without the

express written consent of the SLJ Company, LLC. The

material is based, in part, upon information obtained

from third party sources, which SLJ Company, LLC

deems to be reliable. However, no warranty or

representation is made by SLJ Company, LLC or its

affiliates, agents, or representations as to the

accuracy or completeness of the information

contained herein. Prospective investors should make

their own investigations, projections, and conclusions

regarding this investment.

4415 W MOCKINGBIRD LN | 14