AUSTIN PEAY HWY, JIFFY LUBE · AUSTIN PEAY HWY, JIFFY LUBE 3202 Austin Peay Highway Memphis, TN 38128 Dennis Bailey, CCIM Managing Broker (704) 473-4756 [email protected] NC #181090

For more information contact:

AUSTIN PEAY HWY, JIFFY LUBE3202 Austin Peay HighwayMemphis, TN 38128

Dennis Bailey, CCIM

Managing Broker

(704) 473-4756

[email protected]

NC #181090 SC #39468

Ryan Bailey

Associate Broker

(704) 473-4894

[email protected]

NC License #286088

Phone: (704) 473-4756 ● Fax: (704) 943-0665 ● 811 W. Warren Street ● Shelby, North Carolina 28150 ● www.BaileyREA.com

PROPERTY HIGHLIGHTS

Price $594,000 - 8.0% Cap Rate - 1 x 5 yr option to extendremains

●

NOI $47,520 with 10% Increases (rent reflects Seller Advancing11/1/2020 Increase) - Lease Expires 12/31/2027

●

Strong Guarantor - Team Car Care operates 540 Jiffy Lubes●

36,000 cars per day with $8,652,989 Related Auto ServicesConsumer Spending in 2018 within 7 minute drive

●

2640 Kirby Whitten Rd Location also for sale. Purchase both toreceive a total $25,000 Price Reduction.

●

Table of Contents

Confidentiality and Disclaimer 3

Income Property Disclaimer 4

Investment Analysis 5

Executive Summary 6

Pro Forma Summary 7

Pricing and Financial Analysis 8

About the Tenant 9

Investment Details 10

Summary Lease Analysis 11

Tenant Cash Flow Analysis 12

Tenant Mix Report 13

Lease Rent Roll 14

Internal Rate of Return Analysis 15

Property Description 16

Property Description 17

Traffic Counts/ Expenditures 18

Property Photos 22

Aerial Map 23

Location Map 24

Regional Map 25

Demographics 26

Demographics 27

Demographics 28

Agency Disclosure 30

WWREA 31

about Bailey REA 35

Professional Bio 36

CONFIDENTIALITY AND DISCLAIMER

Austin Peay Hwy, Jiffy Lube3202 Austin Peay Highway | Memphis, TN 38128

CONFIDENTIALITY AND DISCLAIMER

The information contained in the following Offering Memorandum is proprietary and confidential. It is intended to be reviewed only by the party receiving it directly from Bailey Real Estate Advisors, LLC and should not be made available to any other person or entity without the written consent of Bailey Real Estate Advisors, LLC. The Purpose of this Offering Memorandum is to provide a summary of unverified information to prospective buyers, and to establish only a preliminary level of interest in the subject property. The information and data contained herein is not a substitute for a thorough due diligence/evaluation investigation. Any potential buyer is strongly encouraged to hire professionals to determine the condition and status of all salient matters regarding the property. Bailey Real Estate Advisors, LLC has not made any investigation, and makes no warranty or representation, with respect to the income, expenses, lease rate escalations for the subject property, the projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, 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. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Bailey Real Estate Advisors, LLC has not verified, and will not verify, any of the information contained herein, nor has Bailey Real Estate Advisors, LLC conducted any investigation regarding these matters and makes 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. Reading below this statement constitutes your understanding and acceptance of this disclaimer.

Non‐Endorsement Notice Bailey Real Estate Advisors, LLC is not affiliated with, sponsored by, or endorsed by any commercial

tenant or lessee identified in this offering memorandum. The presence of any corporation’s logo or name

is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of

Bailey Real Estate Advisors, LLC, its affiliates or subsidiaries, or any agent, product, service, or commercial

listing of Bailey Real Estate Advisors, LLC, and is solely included for the purpose of providing tenant lessee

information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR BAILEY REAL ESTATE ADVISORS, LLC AGENT FOR MORE DETAILS.

Page 3

INCOME PROPERTY DISCLAIMER


INCOME‐PROPERTY DISCLAIMER

Bailey Real Estate Advisors, LLC hereby advises all prospective purchasers of income‐producing property as follows: The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable. However, Bailey Real Estate Advisors, LLC has not and will not verify any of this information, nor has Bailey Real Estate Advisors, LLC conducted any investigation regarding these matters. Bailey Real Estate Advisors, LLC makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of an income‐producing property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Offering Memorandum is not a substitute for your thorough due diligence/examination investigation of this investment property. Bailey Real Estate Advisors, LLC expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Bailey Real Estate Advisors, LLC is the listing agent for the subject property, and as such, represents only the interests of the Seller (See attached Working With Real Estate Agents brochure). Any projections, proforma, opinions, assumptions or estimates used in this Offering Memorandum are for example only and do not represent the current or future performance of this property. The value of an income‐producing property to you, depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any income‐producing property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors should request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success, and should not be considered as such. Similarly, the lease rate and rent escalations for some properties, including newly‐constructed facilities or newly‐acquired locations, may be determined based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any personal or corporate guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the value of the real property/fixtures, and the value of any long‐term lease, including the likelihood of locating a replacement tenant or tenants and the financial stability of those tenants. Buyer should consider the ramifications if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property. By accepting this Offering Memorandum you agree to release Bailey Real Estate Advisors, LLC, and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this income‐producing property.

Page 4

AUSTIN PEAY HWY, JIFFY LUBE3202 Austin Peay Highway | Memphis, TN 38128

Dennis Bailey, CCIMManaging Broker(704) 473[email protected]

I n v e s t m e n t A n a l y s i sS E C T I O N I

EXECUTIVE SUMMARY



Acquisition Costs

Purchase Price, Points and Closing Costs $598,158

Investment Cash $182,358

First Loan $415,800

Investment Information

Purchase Price $594,000

Price per Tenant $594,000

Price per Sq. Ft. $246.06

Income, Expenses & Cash Flow

Gross Scheduled Income $47,520

Total Vacancy and Credits $0

Operating Expenses $0

Net Operating Income $47,520

Debt Service ($33,622)

Cash Flow Before Taxes $13,898

(After Tax Results)

Total Interest (Debt Service) ($21,542)

Depreciation and Amortization ($8,695)

Taxable Income (Loss) $17,284

Tax Savings (Costs) ($6,395)

Cash Flow After Taxes $7,503

Financial Indicators

Cash on Cash Return Before Taxes 7.62%

Optimal Internal Rate of Return (yr 6) 24.93%

Debt Coverage Ratio 1.41

Capitalization Rate 8.00%

Gross Income / Square Feet $19.69

Page 6

PRO FORMA SUMMARY



TENANT ANNUAL SCHEDULED INCOME

Tenant Actual Team Car Care dba Jiffy Lube $47,520

TOTALS $47,520

ANNUALIZED INCOME

Description Actual Gross Potential Rent $47,520Less: Vacancy $0

Effective Gross Income $47,520Less: Expenses $0

Net Operating Income $47,520Debt Service ($33,622)

Net Cash Flow after Debt Service $13,898Principal Reduction $12,081

Total Return $25,978

ANNUALIZED EXPENSES

Description Actual Total Expenses $0Expenses Per RSF $0.00

INVESTMENT SUMMARY

Price: $594,000

Year Built: 1988

Tenants: 1

RSF: 2,414

Price/RSF: $246.06

Lot Size: 2,883 sf

Floors: 1

APN: 085027

Cap Rate: 8.0%

FINANCING SUMMARY

Loan Amount: $415,800Down Payment: $178,200

Loan Type: Balloon

Interest Rate: 5.25%

Term: 5 years

Monthly Payment: $2,802

DCR: 1.41

Page 7



P r i c i n g a n d F i n a n c i a lS E C T I O N I I

ABOUT THE TENANT


TeamCarCaredbaJiffyLube The American quick lube industry provides more than 100 million oil changes every year from over 10,000 standalone locations. Within this industry, there is one dynamic growing company that stands out from the rest – Team Car Care, dba Jiffy Lube, the largest franchisee of quick lube retail service stores in the country. Operating over 540 Jiffy Lube locations from coast to coast and serving nearly 5 million guests each year with more than 3,500 professional teammates, Team Car Care strives to provide a WOW experience for every valued guest on every visit. At Jiffy Lube our goal is to extend the life of your vehicle through preventative maintenance. One of our most popular services is the Jiffy Lube Signature Service® Oil Change. This is not your standard oil change; it is a multipoint inspection that is like a combination of all of our services. The Jiffy Lube technicians inspect key components, check and fill your car’s fluids and change out your old oil and replace it with up to 5 quarts of quality Pennzoil® oil. In addition to oil changes, Jiffy Lube automotive services in Team Car Care range from filter changes and transmission services, to serpentine belt replacement and battery maintenance and replacement. You can count on Jiffy Lube to help keep your car on the road. Being part of your community means we work even harder to offer nothing but top-notch, quality products and services. After all, you are more than just our customers; you are our neighbors. Our vision is to be trusted by consumers and recognized by our peers as the BEST place for quick, professional vehicle care within the neighborhoods we serve. We strive to do this by exceeding every guests' expectation, on every visit, with consistent "Signature Service" delivered through our committed organization of friendly, knowledgeable and professional teammates. Team Car Care is trusted by consumers and recognized by the industry as the best place for quick professional vehicle care within the neighborhoods we serve. We accomplish this by exceeding our guests' expectations everyday with consistent "Signature Service" delivered through our dedicated organization of friendly, knowledgeable, and professional teammates. Our company is committed to leading the quick lube industry with clean, safe, and attractive facilities; well trained and courteous teammates; respect for the environment and recycling; and by providing the highest quality Pennzoil products and important vehicle maintenance services to ensure we are the first choice of every consumer.

Excerpts From <https://teamcarcare.jiffylube.com/>

Page 9

INVESTMENT DETAILS



ANALYSIS

Analysis Date April 2019

PROPERTY

Property Austin Peay Hwy, Jiffy Lube

Property Address 3202 Austin Peay HighwayMemphis, TN 38128

Year Built 1988

FINANCIAL INFORMATION

Down Payment $178,200

LT Capital Gain 20.00%

Federal Tax Rate 37.0%

Passive Loss Rules Yes

Discount Rate 4.00%

PURCHASE INFORMATION

Property Type Commercial

Purchase Price $594,000

Fair Market Value $594,000

Tenants 1

Total Rentable Sq. Ft. 2,414

Resale Valuation 1.0% (annual appreciation)

Resale Expenses 5.0%

LOANS

Type Debt Term Amortization Rate Payment LO Costs

Balloon $415,800 5 years 20 years 5.25% $2,802 $4,158

INCOME & EXPENSES

Gross Operating Income $47,520

Monthly GOI $3,960

Total Annual Expenses $0

CONTACT INFORMATION

Dennis Bailey, CCIM(704) 473[email protected]

Ryan Bailey(704) 473[email protected]

Page 10

SUMMARY LEASE ANALYSIS



Description Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9

Potential Lease Revenue

Base Rental Income $47,520 $47,520 $47,520 $47,520 $47,520 $48,708 $52,272 $52,272 $52,272

Leaseup Vacancy $0 $0 $0 $0 $0 $0 $0 $0 $0

Rent Abatement $0 $0 $0 $0 $0 $0 $0 $0 $0

Turnover Vacancy $0 $0 $0 $0 $0 $0 $0 $0 $0

Expense Reimbursements $0 $0 $0 $0 $0 $0 $0 $0 $0

Potential Lease Costs

Tenant Improvements $0 $0 $0 $0 $0 $0 $0 $0 $0

Lease Commissions $0 $0 $0 $0 $0 $0 $0 $0 $0

Net Lease Cash Flow $47,520 $47,520 $47,520 $47,520 $47,520 $48,708 $52,272 $52,272 $52,272

Additional Information

Sq. Ft. Expires 0 0 0 0 0 0 0 0 2,414

Dollars Expires $0 $0 $0 $0 $0 $0 $0 $0 $52,272

Page 11

TENANT CASH FLOW ANALYSIS



Tenant: Team Car Care dba Jiffy Lube, 2,414 sfExpiration Date: 12/31/2027

Description Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9

Potential Tenant Revenue

Base Rental Income $47,520 $47,520 $47,520 $47,520 $47,520 $48,708 $52,272 $52,272 $52,272

Leaseup Vacancy $0 $0 $0 $0 $0 $0 $0 $0 $0

Rent Abatement $0 $0 $0 $0 $0 $0 $0 $0 $0

Turnover Vacancy $0 $0 $0 $0 $0 $0 $0 $0 $0

Expense Reimbursements $0 $0 $0 $0 $0 $0 $0 $0 $0

Total Potential Revenue $47,520 $47,520 $47,520 $47,520 $47,520 $48,708 $52,272 $52,272 $52,272

Per rsf $19.69 $19.69 $19.69 $19.69 $19.69 $20.18 $21.65 $21.65 $21.65

Potential Tenant Costs

Tenant Improvements $0 $0 $0 $0 $0 $0 $0 $0 $0

Leasing Commissions $0 $0 $0 $0 $0 $0 $0 $0 $0

Total Potential Costs $0 $0 $0 $0 $0 $0 $0 $0 $0

Tenant Net Cash Flow $47,520 $47,520 $47,520 $47,520 $47,520 $48,708 $52,272 $52,272 $52,272

Per rsf $19.69 $19.69 $19.69 $19.69 $19.69 $20.18 $21.65 $21.65 $21.65

Page 12

TENANT MIX REPORT



Suite Tenants Approx. SqFt Avg. Rents Monthly Mkt Rents Monthly

Team Car Care dba 2414 $3,960 $3,960 $3,960 $3,960

1 2,414 $3,960 $3,960

TENANT MIX TENANT MIX SQUARE FEET

● Team Car Care dba Jiffy Lube ● Team Car Care dba Jiffy Lube

TENANT MIX INCOME TENANT MIX MARKET INCOME

● Team Car Care dba Jiffy Lube ● Team Car Care dba Jiffy Lube

Page 13

LEASE RENT ROLL



Suite Tenant Start Date Expire Date RSF $/RSF Annualized Tenant Commissions Renewal Renewal Notes

Team Car Care dba 11/01/2018 12/31/2027 2,414 $19.69 $47,520 $0.00 $0.00 1 year $0.00

Page 14

INTERNAL RATE OF RETURN ANALYSIS



BEFORE TAX IRR

TIME CASH FLOWS

Initial Investment ($182,358)

End of Year 1 $13,898








End of Year 9* $669,439

IRR = 22.7% * ($52,272 + $617,167)

AFTER TAX IRR

TIME CASH FLOWS

Initial Investment ($182,358)









End of Year 9* $630,083

IRR = 19.22% * ($35,841 + $594,242)

Page 15



P r o p e r t y D e s c r i p t i o nS E C T I O N I I I

PROPERTY DESCRIPTION



Bailey Real Estate Advisors is pleased to present the Jiffy Lube located at 3202 Austin Peay Highway in Memphis,

Shelby County, Tennessee 38128. The Property is 0.66 acres and has a freestanding auto lube service building with

concrete and asphalt parking and drives. The property is of masonry construction with a builtup roof. The auto lube center

is occupied by a Team Car Care operating as a Jiffy Lube, with an absolute Net lease agreement that expires in 2027. The

property is located on Austin Peay Hwy, a sixlane roadway with an additional single turn lane. It has curb/gutter, street

lights, storm sewer and sidewalks.

For 2018, Inside a Seven minute Drive time from the property, an average of $366.56 per household was spent on

services similar to those provided by Jiffy Lube, for a total of $8,652,989. Additionally the Section of Austin Peay Highway

adjacent to the Property has 36,000 vehicles traveling the highway per day. With the high visibility street view coupled with

large traffic counts, as well as impressive expenditures of auto maintenance provide for stability for sustained business.

The general neighborhood of the subject is commonly referred to as Raleigh. The neighborhood is approximately 70%

to 80% developed, and a wide variety of land uses are represented. commercial land uses are concentrated along the

major thoroughfares with residential and service oriented properties located along interior streets. Properties in the

neighborhood include low to moderate density singlefamily housing, strip retail centers, community retail centers.

Page 17

PROPERTY PHOTOS



104617PP1.jpg 104617PP2.jpg

104617PP3.jpg 104617PP4.jpg

Page 22

AERIAL MAP



Page 23

LOCATION MAP



Page 24

REGIONAL MAP



Page 25



D em o g r a p h i c sS E C T I O N I V

DEMOGRAPHICS



Population Characteristic 1 Mile 3 Mile 5 Mile

Ages 04 597 5,549 12,644

Ages 59 725 6,598 15,204

Ages 1014 695 6,059 13,947

Ages 1519 657 5,858 13,452

Ages 2024 602 5,518 12,894

Ages 2529 556 5,110 12,079

Ages 3034 517 4,791 11,353

Ages 3539 500 4,755 11,158

Ages 4044 495 4,792 11,255

Ages 4549 523 4,851 11,598

Ages 5054 504 4,454 11,137

Ages 5559 440 3,944 10,183

Ages 6064 350 3,230 8,496

Ages 6569 257 2,417 6,443

Ages 7074 152 1,636 4,462

Ages 7579 87 1,046 2,900

Ages 8084 59 588 1,713

Household Income 1 Mile 3 Mile 5 Mile

Median Household Income $44,596 $42,142 $37,002

< $10000 251 2,723 6,703

$10000$14999 173 1,530 4,494

$15000$19999 137 1,772 4,359

$20000$24999 182 1,631 4,359

$25000$29999 88 1,413 3,768

$30000$34999 232 2,202 4,793

$35000$39999 145 1,832 4,234

$40000$44999 199 1,552 2,923

$45000$49999 88 989 2,555

$50000$60000 307 2,383 5,291

$60000$74000 437 3,236 7,091

$75000$99999 166 2,303 5,766

$100000$124999 230 1,324 3,321

$125000$149999 26 621 1,570

$150000$199999 73 305 1,077

> $200000 30 188 693

Race Characteristic 1 Mile 3 Mile 5 Mile

Non Hispanic White 1,147 19,035 63,261

Population Black 6,460 46,692 94,256

Population Am In/AK Nat N/A 55 158

Characteristic Housing 1 Mile 3 Mile 5 Mile

Housing Units 3,076 29,773 73,083

Occupied Housing Units 2,758 26,346 64,186

Owner Occupied Housing Units 1,619 14,823 38,153

Renter Occupied Housing Units 1,139 11,523 26,033

Vacant Housing Units 318 3,427 8,897

Page 27

DEMOGRAPHICS



Population 1 Mile 3 Mile 5 Mile

Male 3,694 (47.41 %) 34,511 (47.91 %) 83,716 (48.27 %)

Female 4,097 (52.59 %) 37,524 (52.09 %) 89,725 (51.73 %)

Total Population 7,791 72,035 173,441

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 04 597 (7.66 %) 5,549 (7.70 %) 12,644 (7.29 %)

Ages 59 725 (9.31 %) 6,598 (9.16 %) 15,204 (8.77 %)

Ages 1014 695 (8.92 %) 6,059 (8.41 %) 13,947 (8.77 %)

Ages 1519 657 (8.43 %) 5,858 (8.13 %) 13,452 (7.76 %)

Ages 2024 602 (7.73 %) 5,518 (7.66 %) 12,894 (7.43 %)

Ages 2529 556 (7.14 %) 5,110 (7.09 %) 12,079 (6.96 %)

Ages 3034 517 (6.64 %) 4,791 (6.65 %) 11,353 (6.55 %)

Ages 3539 500 (6.42 %) 4,755 (6.60 %) 11,158 (6.43 %)

Ages 4044 495 (6.35 %) 4,792 (6.65 %) 11,255 (6.49 %)

Ages 4549 523 (6.71 %) 4,851 (6.73 %) 11,598 (6.69 %)

Ages 5054 504 (6.47 %) 4,454 (6.18 %) 11,137 (6.42 %)

Ages 5559 440 (5.65 %) 3,944 (5.48 %) 10,183 (5.87 %)

Ages 6064 350 (4.49 %) 3,230 (4.48 %) 8,496 (4.90 %)

Ages 6569 257 (3.30 %) 2,417 (3.36 %) 6,443 (3.71 %)

Ages 7074 152 (1.95 %) 1,636 (2.27 %) 4,462 (2.57 %)

Ages 7579 87 (1.12 %) 1,046 (1.45 %) 2,900 (1.67 %)

Ages 8084 59 (0.76 %) 588 (0.82 %) 1,713 (0.99 %)

Ages 85+ 75 (0.96 %) 839 (1.16 %) 2,523 (1.45 %)

Page 28

DEMOGRAPHICS



Household Income 1 Mile 3 Mile 5 Mile

Median Income $44,596 $42,142 $37,002

Less than $10,000 251 2,723 6,703

$10,000 $14,999 173 1,530 4,494

$15,000 $19,999 137 1,772 4,359

$20,000 $24,999 182 1,631 4,359

$25,000 $29,999 88 1,413 3,768

$30,000 $34,999 232 2,202 4,793

$35,000 $39,999 145 1,832 4,234

$40,000 $44,999 199 1,552 2,923

$45,000 $49,999 88 989 2,555

$50,000 $59,999 307 2,383 5,291

$60,000 $74,999 437 3,236 7,091

$75,000 $99,999 166 2,303 5,766

$100,000 $124,999 230 1,324 3,321

$125,000 $149,999 26 621 1,570

$150,000 $199,999 73 305 1,077

Greater than $200,000 30 188 693

Housing 1 Mile 3 Mile 5 Mile

Housing Units 3,076 29,773 73,083

Occupied Units 2,758 26,346 64,186

Owner Occupied Units 1,619 14,823 38,153

Renter Occupied Units 1,139 11,523 26,033

Vacant Units 318 3,427 8,897

Race Demographics 1 Mile 3 Mile 5 Mile

Population Non Hispanic White 1,147 19,035 63,261

Population Black 6,460 46,692 94,256

Population Am In/Ak Nat N/A 55 158

Page 29



A g e n c y D i s c l o s u r eS E C T I O N V

WWREA


RE/MAX Select, 500 W. Warren Street Shelby, NC 28150704.473.4756 704.943.0665 Dennis Bailey 1201-1203 Colonial

Page 31

WWREA


Buyer's Agent

If the real estate firm and its agents represent you, they must • promote your best interests • be loyal to

you • follow your lawful instructions • provide you with all material facts that could influence your decisions • use reasonable skill,

care and diligence, and • account for all monies they handle for you. Once you have agreed (either orally or in writing) for the firm

and its agents to be your buyer's agent, they may not give any confidential information about you to sellers or their agents without

your permission so long as they represent you. But until you make this agreement with your buyer's agent, you should avoid

telling the agent anything you would not want a seller to know.

Be sure to read and understand any agency agreement before you sign it. Once you sign it, the agent must give you a copy

Services and Compensation: Whether you have a written or unwritten agreement, a buyer's agent will perform a number of

services for you. These may include helping you • find a suitable property • arrange financing • learn more about the property and

• otherwise promote your best interests. If you have a written agency agreement, the agent can also help you prepare and submit a

written offer to the seller.

Dual Agent

You may permit an agent or firm to represent you and the seller at the same time. This "dual agency relationship" is most

likely to happen if you become interested in a property listed with your buyer’s agent or the agent’s firm. If this occurs and you have

not already agreed to a dual agency relationship in your (written or oral) buyer agency agreement, your buyer’s agent will ask you to

amend the buyer agency agreement or sign a separate agreement or document permitting him or her to act as agent for both you and

the seller. It may be difficult for a dual agent to advance the interests of both the buyer and seller. Nevertheless, a dual agent must

treat buyers and sellers fairly and equally. Although the dual agent owes them the same duties, buyers and sellers can prohibit dual

agents from divulging certain confidential information about them to the other party.

Some firms also offer a form of dual agency called "designated agency" where one agent in the firm represents the seller

and another agent represents the buyer. This option (when available) may allow each "designated agent" to more fully represent each

party.If you choose the "dual agency" option, remember that since a dual agent's loyalty is divided between parties with

competing interests, it is especially important that you have a clear understanding of • what your relationship is with the dual agent

and • what the agent will be doing for you in the transaction. This can best be accomplished by putting the agreement in writing at the

earliest possible time.

Duties to Buyer:

Unwritten Agreements: To make sure that you and the real estate firm have a clear understanding of what your relationship

will be and what the firm will do for you, you may want to have a written agreement. However, some firms may be willing to

represent and assist you for a time as a buyer’s agent without a written agreement. But if you decide to make an offer to purchase a

particular property, the agent must obtain a written agency agreement before writing the offer. If you do not sign it, the agent can no

longer represent and assist you and is no longer required to keep information about you confidential.

A buyer's agent can be compensated in different ways. For example, you can pay the agent out of your own pocket.

Or the agent may seek compensation from the seller or listing agent first, but require you to pay if the listing agent refuses. Whatever

the case, be sure your compensation arrangement with your buyer's agent is spelled out in a buyer agency agreement before you make

an offer to purchase property and that you carefully read and understand the compensation provision.

If the real estate agent or firm that you contact does not offer buyer agency or you do not want them to act as your buyer

agent, you can still work with the firm and its agents. However, they will be acting as the seller's agent (or "subagent"). The agent

can still help you find and purchase property and provide many of the same services as a buyer's agent. The agent must be fair with

you and provide you with any "material facts" (such as a leaky roof) about properties.

But remember, the agent represents the seller - not you - and therefore must try to obtain for the seller the best possible

price and terms for the seller's property. Furthermore, a seller's agent is required to give the seller any information about you (even

personal, financial or confidential information) that would help the seller in the sale of his or her property. Agents must tell you in

writing if they are sellers' agents before you say anything that can help the seller. But until you are sure that an agent is not a

seller's agent, you should avoid saying anything you do not want a seller to know.

Seller's agents are compensated by the sellers.

Seller's Agent Working with a Buyer

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1201-1203 Colonial

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WWREA


FOR BUYER/SELLER

This is not a contract

Date

Firm Name

Agent Name License Number

Disclosure of Seller Subagency

(Complete, if applicable)

When showing you property and assisting you in the purchase of a property, the above agent and firm will represent the SELLER.

For more information, see "Seller's Agent Working with a Buyer" in the brochure.

Agent’s Initials Acknowledging Disclosure:

The North Carolina Real Estate Commission

P.O. Box 17100 • Raleigh, North Carolina 27619-7100

919/875-3700 • Web Site: www.ncrec.gov

REC 3.45 1/1/09


REC 1/1/2009


Bailey Real Estate Advisors, LLC

Dennis Bailey 181090

X

1201-1203 Colonial


Page 33

WWREA


WORKING WITH REAL ESTATE AGENTS

This is not a contract

By signing, I acknowledge that the agent named below furnished a copy of this brochure and reviewed it with me.

Buyer or Seller Name (Print or Type) Buyer or Seller Name (Print or Type)

Buyer or Seller Signature Buyer or Seller Signature

Date Date

Firm Name

Agent Name and License Number

Disclosure of Seller Subagency

When showing you property and assisting you in the purchase of a property, the above agent and firm will represent the SELLER.

For more information, see "Seller's Agent Working with a Buyer" in the brochure.

Buyer's Initials Acknowledging Disclosure:


REC 1/1/2009


(Complete, if applicable)

Agents must retain this acknowledgment for their files.

Bailey Real Estate Advisors, LLC

Dennis Bailey181090

X

1201-1203 Colonial


Page 34

ABOUT BAILEY REA


About Bailey Real Estate Advisors, LLC

Bailey Real Estate Advisors, LLC was formed to focus on assisting clients in Purchasing and

Selling income‐producing properties. The Founder, Dennis Bailey, CCIM, after serving as the

Director of RE/MAX Select’s Commercial Division, recognized that the best method of assisting

clients would be from an independent company that is focused on income producing real

estate.

Bailey Real Estate Advisors, LLC provides broad spectrum real estate brokerage services to

buyers, tenants, sellers and landlords of retail, office, industrial, and residential investment

properties. Our Brokers and Advisors guide clients through all aspects of the acquisition process

including market and competitive analysis, location and site analysis, financial analysis, and

political and legal analysis, regardless of property category. The Leadership and Brokers of

Bailey Real Estate Advisors have over 20 Years of Brokerage Experience spanning over half of

the United States.

Page 35

PROFESSIONAL BIO


Dennis' Career in Real Estate began in 1996 in San Antonio, Texas, moving to

North Carolina in 2000. Dennis Represents buyers and sellers as a Real Estate

Broker and Broker/Owner of Bailey Real Estate Advisors, LLC and is responsible

for providing broad spectrum real estate brokerage services to buyers, tenants,

sellers and landlords of retail, office, industrial, and residential investment

properties. Dennis advises clients through all aspects of the acquisition process

including market and competitive analysis, location and site analysis, financial

analysis,and political and legal analysis, regardless of property category. He

guides clients through negotiations, due diligence, loan acquisition and

commitment, and closing.

Dennis has helped clients buy and sell real estate in North Carolina, South

Carolina, Virginia, West Virginia, Tennessee, Mississippi, Alabama, Louisiana, and

Georgia. Dennis formed Bailey Real Estate Advisors, LLC to concentrate on Net

Leased Properties.

Dennis was 2014 inductee into the RE/MAX Hall of fame, and was 2nd highest

producing RE/MAX Commercial Agent in the Carolinas in 2011 and 3rd highest in 2009. Dennis is a Certified Commercial

Investment Member (CCIM), Graduate of the Charlotte Region Commercial Board of REALTORs Commercial Certificate

Program (2002), Graduate of the Realtor Institute (GRI) and also holds the professional designations ABR, SRES, SFR, and

CRS.

Dennis has served in many leadership roles in the REALTOR community including as a Director, Chairman of

Professional Standards Committees, Chairman of Grievance Committees, and as Chairman of Legislative Actions

Committees. Dennis is the Immediate Past President of Cleveland County Association of REALTORS for 2017.

Dennis has been involved in politics as an activist since the mid2000's, and held office as a City Councilman for Ward

4, and Mayor Pro Tempore' from 20102017.

Dennis also served as ViceChairman of the GastonClevelandLincoln Metropolitan Planning Organization (MPO)

responsible for prioritizing transportation projects. from 20142017

Dennis was twice elected to serve as Director (Division 12) on the North Carolina League of Municipalities (NCLM) and

previously on the General Govt. Legislative Action Committee.

Born in Shelby, NC, Dennis Joined the United States Air Force in 1980, served briefly as a Airframe Repair Specialist,

then as an National Security Agency (NSA) Signals Intelligence Analyst and Information Warfare Analyst and

Superintendent. Dennis Retired from the USAF and returned to his home town in Shelby NC.

Page 36

Documents

AUSTIN PEAY HWY, JIFFY LUBE · AUSTIN PEAY HWY, JIFFY LUBE 3202 Austin Peay Highway Memphis, TN 38128 Dennis Bailey, CCIM Managing Broker (704) 473-4756 [email protected] NC #181090