Offering Memorandum

C-Store & Car Wash / Redevelopment Opportunity9401 S 700 E • Sandy, UT 84070

Exclusively Listed by:Matthew Porter

Senior Associate National Retail Group

Net Leased Properties GroupDirect Office: (801) 736-2638

Matthew.Porter@marcusmillichap.com

OFFERING SUMMARYPrice $1,100,000Price / SF $793.65Gross Leasable Area 1,386 SFYear Built / Renovated 1995Lot Size 0.44 acre(s)Zoning Commercial

APN 28-08-101-061 & 28-08-101-055

#

EXECUTIVE SUMMARYOFFERING SUMMARY

#

TESORO

2

TESORO

2

OFFERING SUMMARY

MAJOR EMPLOYERS

EMPLOYER # OF EMPLOYEES *

Comenity Capital Bank 7,392

National Guard Utah 5,000

CSS Corporation 3,580

A C S 2,500

Intermountain Health Care Inc 1,470

Stock Building Supply West LLC 1,400

Becton Dickinson Infusn Therpy 1,200

Innovative Staffing Inc 1,100

Snowbird Ski & Summer Resort 1,100

Ultradent Products Inc 1,000

Uspfo 1,000

Walmart 910

DEMOGRAPHICS

1-Miles 3-Miles 5-Miles

2017 Estimate Pop 15,451 126,494 290,902

2017 Census Pop 13,878 116,078 266,704

2017 Estimate HH 5,274 43,301 99,288

2017 Census HH 4,694 39,270 90,158

Median HH Income $66,154 $72,276 $76,351

Per Capita Income $26,114 $31,687 $34,785

Average HH Income $76,168 $92,434 $101,794

* # of Employees based on 5 mile radius

TESORO

OFFERING SUMMARY

Business and Real Estate Sale of a Tesoro C-Store & Car Wash

Outparcel to 234,151 SF Sandy Village Shopping Center with 33 Retail & Office Tenants

2017 Monthly Numbers: $12,107 in Inside Sales | 34,990 in Gallons Sold

Nearby Tenants Include: Walmart, Lowes, McDonald's, Wendy's, Cinemark, Wells Fargo & Many Others

45,735 Combined AADT on 700 E & 9400 S | Over 266K Residents in a 5-Mile Radius

INVESTMENT HIGHLIGHTS

The property includes the sale of the business and real estate of a Tesoro C-Store and Car Wash. The C-Store building is 350 SF and the Car Wash buildingis 1,036 SF and sits on 2 parcels which total .44 Acres. Located on a hard, signalized corner at the intersection of two major thoroughfares (9400 South and700 East,) this property is right in the center of a main commercial node. The property has great visibility and two access points on 9400 South and one on700 E with excellent combined traffic counts at 45,735 AADT.

In 2017, the store did $145,290 in inside sales and 419,880 in gallons of fuel sold. The site includes eight self-serve, multi-product dispensers (8 fuelingpositions) and three fiberglass, under ground storage tanks. This station has no fuel supply contract which gives the buyer the opportunity to either changethe fuel brand or re-develop the site entirely.

This gas station is uniquely situated close to the major recreation areas of the Cottonwood Canyons. It is an out-parcel of The Sandy Village ShoppingCenter which is a 234,151 SF retail shopping center which has 33 retail tenants including Cinemark, Utah Community Bank and Intermountain Healthcare.The I-15 on/off ramp is less than two miles to the west and a Walmart Anchored shopping center that also features the Quarry Bend apartment complex is athree minute drive to the east.

Sandy is located in the Salt Lake City Metropolitan Statistical Area (MSA) which was ranked #10 by Forbes for fastest growing cities in 2017.

INVESTMENT OVERVIEW

3

PHOTOS

TESORO

4

RETAIL MAP

TESORO

5

McDonald’s

Walgreens

9400 South – 28,130 AADT

700

East

–17

,605

AA

DT

SUBJECT PROPERTY

AERIAL PHOTO

TESORO

6

Sandy Village

PLAT MAP

TESORO

7

Key:Digital Monument Signs

Ingress / Egress

#

9401 S 700 E, Sandy, UT 84070

LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX

PROPERTY NAMETESORO

PRICING AND VALUATION MATRIX

PROPERTY NAMETESORO

8

REGIONAL AND LOCAL MAP

MARCUS & MILLICHAP CAPITAL CORPORATION CAPABILITIESMMCC—our fully integrated, dedicated financing arm—is committed to providing superior capital market expertise, precisely managed execution, and unparalleled access to capital sources providing the most competitive rates and terms.

We leverage our prominent capital market relationships with commercial banks, life insurance companies, CMBS, private and public debt/equity funds, Fannie Mae, Freddie Mac and HUD to provide our clients with the greatest range of financing options.

Our dedicated, knowledgeable experts understand the challenges of financingand work tirelessly to resolve all potential issues to the benefit of our clients.

National platform operating

within the firm’s brokerage offices

$5.63 billion total national

volume in 2017

Access to more capital sources than any other

firm in the industry

Optimum financing solutions to enhance value

Our ability to enhance buyer pool by expanding finance options

Our ability to enhance seller control

• Through buyer qualification support

• Our ability to manage buyers finance expectations

• Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings

• By relying on a world class set of debt/equity sources and presenting a tightly underwritten credit file

WHY MMCC?

Closed 1,707 debt and equity

financings in 2017

ACQUISITION FINANCING

TESORO

9

MARKETING TEAM

Source: © 2015 Experian

PROPERTY NAME

#

LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX

PROPERTY NAMETESORO

PRICING AND VALUATION MATRIX

PROPERTY NAMETESORO

10

DEMOGRAPHICS

1 Miles 3 Miles 5 MilesPOPULATION

2022 Projection 15,644 129,601 300,0482017 Estimate 15,451 126,494 290,9022010 Census 13,878 116,078 266,7042000 Census 13,621 114,096 259,891

INCOMEAverage $76,168 $92,434 $101,794Median $66,154 $72,276 $76,351Per Capita $26,114 $31,687 $34,785

HOUSEHOLDS2022 Projection 5,473 45,347 104,2922017 Estimate 5,274 43,301 99,2882010 Census 4,694 39,270 90,1582000 Census 4,334 35,410 80,587

HOUSING2017 $252,194 $280,349 $297,701

EMPLOYMENT2017 Daytime Population 22,749 127,124 303,119

2017 Unemployment 3.00% 3.48% 3.05%2017 Median Time Traveled 24 23 23

RACE & ETHNICITYWhite 88.37% 85.49% 87.02%Native American 0.97% 0.70% 0.65%African American 0.51% 0.97% 0.99%Asian/Pacific Islander 3.05% 3.73% 3.46%

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap andshould not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverifiedinformation to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough duediligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, thefuture projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's orasbestos, 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 anytenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable;however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these mattersand 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 ofthe information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or nameis not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, orcommercial listing of Marcus & Millichap, 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 MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

TESOROSandy, UTACT ID Z0200106

11