BANK OF AMERICA GROUND LEASEBANK OF AMERICA GROUND LEASE1 9 2 1 B O U L E VA R D C O L O N I A L H E I G H T S ( R I C H M O N D M S A ) , VA 2 3 8 3 4

M A R K M C LM A R K M C L O O N EO O N E S T E V E N DS T E V E N D AA V I SV I S A N D R E W T H O M AA N D R E W T H O M A S K N I G H TS K N I G H T

480.429.4580 480.429.4580 314.994.4268

mark@retail1031.com steven@retail1031.com NECBinc@gmail.com

RETRETAIL INVESTMENT GRAIL INVESTMENT GROUP, LLOUP, LLCC

8255 E RAINTREE DR SUITE 100, SCOTTSDALE, AZ 85260

480.429.4580

RETAIL1031.COM

A N D R E W T H O M AA N D R E W T H O M A S K N I G H TS K N I G H T

Broker of Record

VA #225214094

S T E V E N DS T E V E N D AA V I SV I S

Managing Member

480.429.4580

steven@retail1031.com

AZ #BR101032000

M A R K M C LM A R K M C L O O N EO O N E

Senior Associate

480.429.4580

mark@retail1031.com

AZ #SA673250000

R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M

All materials and information received or derived from Retail Investment Group, LLC, LLC its directors,officers, agents, advisors, affiliates and/or any third party sources are provided without representation orwarranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack ofcompliance with applicable governmental requirements, developability or suitability, financial performanceof the property, projected financial performance of the property for any party’s intended use or any and allother matters.

Neither Retail Investment Group, LLC, LLC its directors, officers, agents, advisors, or affiliates makes anyrepresentation or warranty, express or implied, as to accuracy or completeness of the any materials orinformation provided, derived, or received. Materials and information from any source, whether written orverbal, that may be furnished for review are not a substitute for a party’s active conduct of its own duediligence to determine these and other matters of significance to such party. Retail Investment Group, LLC,LLC will not investigate or verify any such matters or conduct due diligence for a party unless otherwiseagreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all informationand to conduct their own inspections and investigations including through appropriate third partyindependent professionals selected by such party. All financial data should be verified by the partyincluding by obtaining and reading applicable documents and reports and consulting appropriateindependent professionals. Retail Investment Group, LLC, LLC makes no warranties and/or representationsregarding the veracity, completeness, or relevance of any financial data or assumptions. Retail InvestmentGroup, LLC, LLC does not serve as a financial advisor to any party regarding any proposed transaction. Alldata and assumptions regarding financial performance, including that used for financial modeling purposes,may differ from actual data or performance. Any estimates of market rents and/or projected rents that maybe provided to a party do not necessarily mean that rents can be established at or increased to that level.Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed bythe party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether theproperty complies with applicable governmental requirements should be discussed by the party withappropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by Retail Investment Group, LLC, LLC in compliance with all applicablefair housing and equal opportunity laws.

CONFIDENTIALITY & DISCLAIMERCONFIDENTIALITY & DISCLAIMER

COLONIAL HEIGHTS VIRGINIA (RICHMOND MSA)COLONIAL HEIGHTS VIRGINIA (RICHMOND MSA)

The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Retail Investment Group has not verified, and willnot verify, any of the information contained herein, nor has Retail Investment Group conducted any investigation regarding these matters and makes no warranty orrepresentation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of theinformation set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

INVESTMENT HIGHLIGHTSINVESTMENT HIGHLIGHTS• Tenant in Place Since 1974• $ 159,985,000 in Deposits

Reported as of June 2018• Best Performing Bank of

America in the Tri-Cities Area• Corporate Tenant• 45 Parking Spots Available• 4 access Points from 3

Roads

• Highest Performing Bank inthe Zip Code

• Hard Corner Location• Ground Lease• Fortune 500 Tenant- #26

Overall• Drive Through Location• Stock Symbol NYSE:BAC

PROPERTY INFORMATIONPROPERTY INFORMATION

Address:1921 Boulevard,

Colonial Heights, VA 23834

Price: $1,708,473

Cap Rate: 5.25%

Lessee: Bank of America

Building Size: 3,221 SF

Land Area: 1.01 AC

LeaseExpiration:

April 30, 2020

Options: 3 x 5 Years

NOI $89,695.00

Increases:1 x CPI Increases Every 6 Yrs

Next Increase on 05/01/23

Guarantee: Corporate: Bank of America

COLONIAL HEIGHTS VIRGINIA (RICHMOND MSA)COLONIAL HEIGHTS VIRGINIA (RICHMOND MSA)

R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M

Bank of America has been the in-place tenant since 1975, on an original 30 year lease. Of the initial six, 5-year option periods, there are three

remaining. There are 1x CPI increases every 6 years, with the next upcoming increase on May 1, 2023. This is the highest performing bank in

the zip code, and the best performing Bank of America in the Tri-Cities area (Colonial Heights, Petersburg, and Hopewell).

Nearby retailers include Walmart, Target, Home Depot, Sam's Club, ALDI, McDonald's, Wendy's, KFC, Waffle House, IHOP, Hardee's, Dairy Queen,

and Little Caesar's. Area Generators include Southpark Mall, Colonial Heights High School, Colonial Heights Health Center, and Colonial Heights

Library.

PROPERTY OVERVIEWPROPERTY OVERVIEW

COLONIAL HEIGHTS VIRGINIACOLONIAL HEIGHTS VIRGINIA

R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M

The location of Richmond MSA includes 3 cities (Petersburg, Hopewell and Colonial

Heights), and is home to approximately 1.3 million Virginians or 15.1% of Virginia's

population. The Richmond region is growing at a steady rate, adding nearly 400,000

residents in the past two decades. This rise resulted in boosts in its economy, the

building of malls, more national attention, and major sporting events and concerts

coming to Richmond. Its arts and culture scene has also seen a major gain, with the

building or renovations of many new arenas, including the Landmark Theater, Carpenter

Center, CenterStage, and the creation of an art walk, the First Fridays Art Walk,

occurring on the first Friday of every month on Broad Street in Downtown Richmond,

drawing crowds of over 20,000 people.

In order of the number of workers, the major employment categories of the region are

services; retail trade; manufacturing; state government; finance, insurance and real

estate; local government; construction; wholesale trade; transportation and public

utilities and federal government. This economic diversity, which is typical of the entire

Richmond-Petersburg region, helps to insulate it from hardship due to economic

fluctuation in particular sectors of the economy. The region's central location also

allows it to benefit from growth in other regions of Virginia and the state as a whole.

LOCATION OVERVIEWLOCATION OVERVIEW

COLONIAL HEIGHTS VIRGINIA (RICHMOND MSA)COLONIAL HEIGHTS VIRGINIA (RICHMOND MSA)

R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M

Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina.

Bank of America Corporation, through its subsidiaries, provides banking and financial products and

services for individual consumers, small and middle-market businesses, institutional investors,

large corporations, and governments worldwide. It operates through four segments: Consumer

Banking, Global Wealth & Investment Management, Global Banking, and Global Markets.

The Consumer Banking segment offers traditional and money market savings accounts, CDs and

IRAs, non-interest and interest-bearing checking accounts, and investment accounts and products,

as well as credit and debit cards, residential mortgages and home equity loans, and direct and

indirect loans. This segment provides its products and services through approximately 4,600

financial centers, 15,900 ATMs, call centers, and online and mobile platforms.

The Global Wealth & Investment Management segment offers investment management, brokerage,

banking, and retirement products, as well as wealth management and customized solutions.

The Global Banking segment provides lending products and services, including commercial loans,

leases, commitment facilities, trade finance, real estate lending, and asset-based lending; treasury

solutions, such as treasury management, foreign exchange, and short-term investing options;

working capital management solutions; and debt and equity underwriting and distribution, and

merger-related and other advisory services.

The Global Markets segment offers market-making, financing, securities clearing, settlement, and

custody services, as well as risk management, foreign exchange, fixed-income, and

mortgage-related products.

BANK OF AMERICA CORPORATIONBANK OF AMERICA CORPORATION

COLONIAL HEIGHTS VIRGINIA (RICHMOND MSA)COLONIAL HEIGHTS VIRGINIA (RICHMOND MSA)

R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M

COLONIAL HEIGHTSCOLONIAL HEIGHTS (RICHMOND MSA)(RICHMOND MSA) VIRGINIAVIRGINIA

R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M

COLONIAL HEIGHTSCOLONIAL HEIGHTS (RICHMOND MSA)(RICHMOND MSA) VIRGINIAVIRGINIA

R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M

COLONIAL HEIGHTS (RICHMOND MSA) VIRGINIACOLONIAL HEIGHTS (RICHMOND MSA) VIRGINIA

R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M

PPOPULAOPULATIONTION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

20182018 8,816 47,432 95,850

INCOMEINCOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

20182018 $52,300 $55,295 $57,329

HOUSEHOLDSHOUSEHOLDS 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

20182018 3,394 17,018 33,350

AVG HH VALUEAVG HH VALUE $164,003 $164,490 $168,174

TRTRAFFICAFFIC TEMPLE ATEMPLE AVEVE BOULEVBOULEVARDARD

VPDVPD 26,000/day 26,000/day

COLONIAL HEIGHTS (RICHMOND MSA) VIRGINIACOLONIAL HEIGHTS (RICHMOND MSA) VIRGINIA

The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Retail Investment Group has not verified, and will not verify, any of the information contained herein, nor has Retail Investment Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding theaccuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

RETRETAIL INVESTMENT GRAIL INVESTMENT GROUP, LLOUP, LLCC | 8255 E RAINTREE DR SUITE 100 | SCOTTSDALE, AZ 85260 | 480.429.4580 | RETAIL1031.COM

M A R K M C LM A R K M C L O O N EO O N E

Senior Associate

480.429.4580

mark@retail1031.com

AZ #SA673250000

S T E V E N DS T E V E N D AA V I SV I S

Managing Member

480.429.4580

steven@retail1031.com

AZ #BR101032000

A N D R E W T H O M AA N D R E W T H O M A S K N I G H TS K N I G H T

Broker of Record

VA #225214094