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PITTSBURGH PAINT AND GLASS 91 NORTH BROOKWOOD AVENUE, HAMILTON OH 45013 WHOLLY OWNED SUBSIDIARY OF PPG CORPORATE - CINCINNATI MSA Brent L.Hensley | 760-452-2401 | [email protected] 216 N. Coast Hwy 101, Encinitas, CA 92024

WHOLLY OWNED SUBSIDIARY OF PPG CORPORATE …...finishes, INc. 3,677 7/1/2014 6/30/2024 $55,155 7/1/2024 7/1/2029 $60,070 $66,738 (2) 5 Yr NNN 10% Annual Rent Increases In Each Option

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Page 1: WHOLLY OWNED SUBSIDIARY OF PPG CORPORATE …...finishes, INc. 3,677 7/1/2014 6/30/2024 $55,155 7/1/2024 7/1/2029 $60,070 $66,738 (2) 5 Yr NNN 10% Annual Rent Increases In Each Option

PITTSBURGH PAINT AND GLASS 9 1 N O R T H B R O O K W O O D A V E N U E , H A M I L T O N O H 4 5 0 1 3

WHOLLY OWNED SUBS ID IARY OF PPG CORPORATE - C INC INNAT I MSA

Brent L.Hensley | 760-452-2401 | [email protected] N. Coast Hwy 101, Encinitas , CA 92024

Page 2: WHOLLY OWNED SUBSIDIARY OF PPG CORPORATE …...finishes, INc. 3,677 7/1/2014 6/30/2024 $55,155 7/1/2024 7/1/2029 $60,070 $66,738 (2) 5 Yr NNN 10% Annual Rent Increases In Each Option

Net Operating Income: $55,155Price Per Square Foot: $234.40Lease Commencement Date: 7/1/2014Lease Expiration Date: 6/30/2024Lease Type: NNNIncreases: 10% Each OptionOptions: (2), 5 YearsGuarantor: PPG Architectural

Finishes, Inc.Rentable Square Feet: 3,677 SFLot Size: .33 AcresYear Built: 2014

91 North Brookwood Avenue, Hamilton, OH 45013

investment overview

address

PURCHASE PRICE | $1,000,000 | CAP RATE | 5.52%

Page 3: WHOLLY OWNED SUBSIDIARY OF PPG CORPORATE …...finishes, INc. 3,677 7/1/2014 6/30/2024 $55,155 7/1/2024 7/1/2029 $60,070 $66,738 (2) 5 Yr NNN 10% Annual Rent Increases In Each Option

investment overview

The subject property is a 3,677 square foot faci l i ty. This is

a NNN lease guaranteed by a whol ly owned subsidiary of

PPG Corporate.

The property is located within a dense retai l area surrounded

by 45 plus nat ional retai lers including a Walmart Supercenter,

Lowe’s, Mei jer, Kroger, CVS Pharmacy, Texas Roadhouse,

Applebee’s, Burger King, Taco Bel l , Planet Fitness, KFC,

Dol lar General, Great Cl ips, Long John Si lver’s, Arby’s, H&R

Block, Wendy’s, Jimmy Johns, Planet Fitness, Key Bank,

Al lstate, Steak n Shake, Bob Evans, and more.

More than 20,000 cars drive nearby the property each

day, with easy access to Highway 177. The average

household income exceeds $70,000 and the city is located

within Cincinnat i ’s Greater Metropol i tan Area with an MSA

populat ion exceeding 2 mi l l ion.

rent roll

overview

TENANT NAME

SQUARE FEETCOMMENCEMENT

DATELEASE

EXPIRATIONANNUAL BASE

RENTDATE ANNUALLY

LEASE TYPE

PPG architectural finishes, INc.

3,677 7/1/2014 6/30/2024 $55,1557/1/20247/1/2029

$60,070$66,738 (2) 5 Yr NNN

10% Annual Rent Increases In Each Opt ion

TENANT INFO lease terms current rent rent increases options lease type

NOTE: Land lo rd covers Taxes , CAM’s and Insurance Cos ts . Tenan t re imburses month ly w i th ren t .

Page 4: WHOLLY OWNED SUBSIDIARY OF PPG CORPORATE …...finishes, INc. 3,677 7/1/2014 6/30/2024 $55,155 7/1/2024 7/1/2029 $60,070 $66,738 (2) 5 Yr NNN 10% Annual Rent Increases In Each Option

investment overview

highlights

STRONG GUARANTEENNN Lease Backed by a Whol ly Owned Subsidiary of PPG Corporat ion

GREAT MSA LOCATIONLocated within the Cincinnat i , Ohio MSA with a Populat ion Exceeding Two Mi l l ion

HIGHWAY VISIBILITYLocated Direct ly off of Highway 177 with Dai ly Traff ic Counts Exceeding 20,000 Vehicles Per Day

DENSE RETAIL LOCATIONWithin Close Proximity to More Than 45 National Retai lers Including a Walmart Supercenter, Lowe’s, Mei jer, Kroger, CVS Pharmacy, Texas Roadhouse, Jimmy Johns, O’Rei l ly Auto Parts, Pizza Hut, Burger King, Wendy’s, Taco Bel l , H&R Block, KFC, Dol lar General, Great Cl ips, Long John Si lver’s, Arby’s and Applebee’s, Key Bank, Al lstate, Steak n Shake, Bob Evans, and more.

AFFLUENT LOCAL AREAAverage Annual Household Incomes are Close to $70,000 Per Year

Page 5: WHOLLY OWNED SUBSIDIARY OF PPG CORPORATE …...finishes, INc. 3,677 7/1/2014 6/30/2024 $55,155 7/1/2024 7/1/2029 $60,070 $66,738 (2) 5 Yr NNN 10% Annual Rent Increases In Each Option

URGENT CARE OF HAMILTON

Pittsburgh paint and glass

HAMILTON HIGH SCHOOL

AMC THEATER

MCDONALD’S

N

S

Ew

HIGHWAY 177

N. BROOKWOOD AVENUE

N . wa s h i n g t o n b lv d

BURGER KING

JIMMY JOHN’S

retail mapaddress | 91 N. Brookwood AvenueHamilton, OH 45013

traffic counts |21,514 VPD - Highway 177 | 2014

Page 6: WHOLLY OWNED SUBSIDIARY OF PPG CORPORATE …...finishes, INc. 3,677 7/1/2014 6/30/2024 $55,155 7/1/2024 7/1/2029 $60,070 $66,738 (2) 5 Yr NNN 10% Annual Rent Increases In Each Option

Highway 129 is an east-west highway running through Hamilton, Ohio, converging with Highway 177 at the city center. Highway 127 runs north-south and is Hamilton’s main thoroughfare through town.

LOUISVILLE

CINCINNATI

INDIANAPOLISCOLUMBUS

FORT WAYNE

ST. LOUIS

CHARLESTON

HAMILTON

property location

location

PPG INDUSTRIES, INC. 9 1 N . B R O O K W O O D A V E N U E

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8 8

major employers

2010

2014

2019

population |

10,603 50,186 87,384

10,659 50,789 88,303

10,877 51,216 90,297

$53,908 $57,214 $71,130

$41,147 $43,408 $56,342

AVERAGE

MEDIAN

household INCOMES 2014 |

employers

1 MILES

3 MILES

5 MILES

P A R K H I L L S C U L P T U R E P A R K A N D M U S E U M - HA M I L T O N , OH I O -

*Sourced from MapNet, Marcus & Millichap

But ler County

Fort Hami l ton Hospi ta l

Hami l ton Ci ty School D ist r ic t

Communi ty F i rs t So lut ions (Headquarters )

C i ty of Hami l ton

ThyssenKrupp Bi ls te in of Amer ica (Headquarters )

Miami Un ivers i ty

Bethesda But ler Hospi ta l

Va leo Cl imate Contro l

F i rs t F inanc ia l Bank

1,500

1,000

1,000

700

600

550

400

245

235

230

HAMILTON

3 Miles 5 Miles 10 Miles

1 Miles 3 Miles 5 Miles

PPG INDUSTRIES, INC. 9 1 N . B R O O K W O O D A V E N U E

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area overview

hamilton OHIO

H a m i l t o n i s a c i t y i n a n d t h e c o u n t y s e a t o f B u t l e r C o u n t y , O h i o , w i t h a p o p u l a t i o n e x c e e d i n g 5 0 , 0 0 0 a n d i s p a r t o f t h e G r e a t e r C i n c i n n a t i M e t r o A r e a w i t h p o p u l a t i o n o f 2 , 2 1 4 , 9 5 4 ( 2 0 1 4 ) .

T h e c i t y h a s a l e g a c y o f a r c h i t e c t u r a l a n d h i s t o r i c d i s t r i c t s i n c l u d i n g D o w n t o w n , R o s s v i l l e , D a y t o n L a n e , a n d G e r m a n V i l l a g e . T h e c i t y a l s o o f f e r s s e v e r a l u n i q u e m u s e u m s , s u c h a s , t h e S o l i d e r s a n d S a i l e r s M o n u m e n t a n d t h e 2 6 5 - a c r e P y r a m i d H i l l S c u l p t u r e P a r k a n d M u s e u m w h i c h b o a s t s o f m o r e t h a n 8 0 d i f f e r e n t a r c h i t e c t u r a l s c u l p t u r e s ,

H a m i l t o n i s h o m e t o M i a m i U n i v e r i s t y , a l s o k n o w n a s “ t h e Y a l e o f t h e W e s t ” . I t b o a s t s a s t u d e n t b o d y o f n e a r l y 5 , 0 0 0 a t i t s m a i n c a m p u s d o w n t o w n a n d 2 , 7 0 0 s t u d e n t s a t i t s n e a r b y M i d d l e t o w n c a m p u s . M i a m i i s o n e o f t h e t o p f i v e p u b l i c / p r i v a t e s c h o o l s n a t i o n a l l y . I t i s t h e s e c o n d b e s t p u b l i c s c h o o l i n t h e U . S . i n t h e c a t e g o r y o f “ S t r o n g C o m m i t m e n t t o U n d e r g r a d u a t e T e a c h i n g ” .

H a m i l t o n i s h o m e t o m o r e t h a n 2 m i l l i o n w o r k e r s w h o l i v e i n t h e G r e a t e r C i n c i n n a t i a n d G r e a t e r D a y t o n m e t r o p o l i t a n a r e a s . R e c e n t l y , O h i o , K e n t u c k y a n d G r e a t e r C i n c i n n a t i h a v e b e e n r a n k e d a t t h e t o p o f S i t e S e l e c t i o n m a g a z i n e ’ s a n n u a l r a n k i n g s o f n e w e c o n o m i c d e v e l o p m e n t p r o j e c t a n n o u n c e m e n t s . T h e C i t y o f H a m i l t o n h a s a v a r i e t y o f e c o n o m i c d e v e l o p m e n t i n c e n t i v e s f o r b u s i n e s s e s l o o k i n g t o m a k e i n v e s t m e n t s i n t h e c o m m u n i t y . W h e t h e r s m a l l o r l a r g e , t h e C i t y o f H a m i l t o n p a r t n e r s w i t h J o b s O h i o t o c r e a t e a n i n c e n t i v e p a c k a g e t o f i t t h e b u s i n e s s n e e d s .

| Downtown Hamilton, Ohio

| Miami University, Oxford, Ohio

Page 9: WHOLLY OWNED SUBSIDIARY OF PPG CORPORATE …...finishes, INc. 3,677 7/1/2014 6/30/2024 $55,155 7/1/2024 7/1/2029 $60,070 $66,738 (2) 5 Yr NNN 10% Annual Rent Increases In Each Option

L e s s t h a n a 2 0 - m i n u t e d r i v e , H a m i l t o n i s w i t h i n c l o s e p r o x i m i t y t o C i n c i n n a t i ’ s o f f e r i n g s . C i n c i n n a t i i s o n e o f o n l y 1 3 U . S . c i t i e s w i t h a l l f i v e a r t s : b a l l e t , o p e r a ,f i n e a r t m u s e u m s , s y m p h o n y a n d t h e a t e r . T h e c i t y i s a l s o h o m e t o t h e n a t i o n ’ sf i r s t p r o f e s s i o n a l b a s e b a l l t e a m , t h e C i n c i n n a t i R e d s , a n d N F L t e a m , t h e C i n c i n n a t iB e n g a l s . O t h e r m a j o r a t t r a c t i o n s i n c l u d e K i n g I s l a n d , t h e l a r g e s t a m u s e m e n t a n dw a t e r p a r k i n t h e M i d w e s t , E n s e m b l e T h e a t r e C i n c i n n a t i , t h e U S I T T C o n f e r e n c e a n dS t a g e E x p o a t t h e D u k e E n e r g y C o n v e n t i o n C e n t e r , a n d F i n d l a y M a r k e t , O h i o ’ so l d e s t o p e r a t i n g m a r k e t .

T h e c i t y o f C i n c i n n a t i i s w e l l p o s i t i o n e d f o r e c o n o m i c g r o w t h , w i t h a 9 . 6 % p e r c e n t g r o w t h i n 2 0 1 4 , r e s u l t i n g i n t h e c r e a t i o n o f a p p r o x i m a t e l y 1 0 3 , 6 0 0 n e w j o b s . O h i o ’ s f a v o r a b l e b u s i n e s s c l i m a t e a n d h i g h q u a l i t y o f l i v i n g , c o m b i n e d w i t h l o w b u s i n e s s a n d p e r s o n a l c o s t s , m a k e t h e s t a t e a n i n c r e a s i n g l y v i a b l e l o c a t i o n f o r b u s i n e s s g r o w t h . E n t r e p r e n e u r M a g a z i n e r a t e d C i n c i n n a t i o n e o f t h e T o p 2 0 m a r k e t s f o r e n t r e p r e n e u r s h i p a n d “ B e s t b e t f o r l o w e s t f a i l u r e r a t e . ”

C i n c i n n a t i i s w e l l k n o w n f o r i t s e s t a b l i s h e d k e y s e c t o r s - A e r o s p a c e , A u t o m o t i v e , C h e m i s t r y & P l a s t i c s , a n d F i n a n c i a l S e r v i c e s . T h e s e c o m p a n i e s s e r v e a s t h e b a c k b o n e f o r t h e C i n c i n n a t i e c o n o m y a n d i t s c o n t i n u e d g r o w t h . A d v a n c e d E n e r g y , C o n s u m e r P r o d u c t s & C r e a t i v e S e r v i c e s , I n f o r m a t i o n T e c h n o l o g y , a n d L i f e S c i e n c e s i n d u s t r i e s h a v e g r o w n t o b e c o m e k e y c o m p o n e n t s i n t h e c o n t i n u i n g e v o l u t i o n o f C i n c i n n a t i ’ s e c o n o m y . F i f t h T h i r d B a n c o r p , W e s t e r n S o u t h e r n F i n a n c i a l G r o u p a n d A m e r i c a n F i n a n c i a l G r o u p a r e h e a d q u a r t e r e d i n d o w n t o w n C i n c i n n a t i . P N C a n d U . S . B a n k a l s o h a v e a m a j o r p r e s e n c e d o w n t o w n , w h i l e B a r r P h a r m a c e u t i c a l s , I n c . , K a o B r a n d s , G i v a u d a n F l a v o r s C o r p . , a n d S u n C h e m i c a l a r e l e a d e r s i n t h e c h e m i c a l /p l a s t i c s i n d u s t r i e s .

I n a d d i t i o n t o C i n c i n n a t i ’ s K e y S e c t o r s , t h e c i t y p r o f i t s f r o m a r o b u s t a n d d i v e r s e I T e c o s y s t e m w i t h a s t r o n g n e t w o r k o f h i g h l y - r a t e d a c a d e m i c i n s t i t u t i o n s , a b r e a d t h o f g l o b a l I T s e r v i c e p r o v i d e r s , w o r l d c l a s s i n f r a s t r u c t u r e , p a s s i o n a t e a n d e n g a g e dI T l e a d e r s h i p , a s w e l l a s , n i n e F o r t u n e 5 0 0 a n d f o u r F o r t u n e 1 0 0 0 c o m p a n i e s . I nt h e I T f i e l d , t h e r e a r e a n e s t i m a t e d 1 5 , 0 0 0 I T - r e l a t e d j o b s i n C i n c i n n a t i a n d a na d d i t i o n a l 1 5 , 0 0 0 j o b s i n t h e b u s i n e s s p r o c e s s - o u t s o u r c i n g ( B P O ) i n d u s t r y .

t o p f o r t u n e 5 0 0 c o m pa n i e s :

1. The Kroger Co.

2. American Financial Group

3. Macy’s Inc.

4. Ashland, Inc

5. Omnicare

6. Fifth Third Bancorp

7. Procter & Gamble

8. General Cable

9. Western & Southern Financial

t o p f o r t u n e 1 0 0 0 c o m pa n i e s :

1. Cincinnat i Financial

2. Cintas

3. Convergys

4. Vant iv

cincinnati OHIO area overview

| Duke Convention Center

| Great American Ball Park - Cincinnati Reds

| King Island Amusement and Waterpark

Page 10: WHOLLY OWNED SUBSIDIARY OF PPG CORPORATE …...finishes, INc. 3,677 7/1/2014 6/30/2024 $55,155 7/1/2024 7/1/2029 $60,070 $66,738 (2) 5 Yr NNN 10% Annual Rent Increases In Each Option

tenant overview

T h e l e a s e i s G u a r a n t e e d b y P P G A r c h i t e c t u r a l F i n i s h e s , I n c . , a w h o l l y o w n e d s u b s i d i a r y

o f P P G I n d u s t r i e s .

P P G I n d u s t r i e s i s a n A m e r i c a n g l o b a l s u p p l i e r o f p a i n t s , c o a t i n g s , o p t i c a l p r o d u c t s ,

s p e c i a l t y m a t e r i a l s , c h e m i c a l s , g l a s s , a n d f i b e r g l a s s . W i t h h e a d q u a r t e r s i n P i t t s b u r g h ,

P e n n s y l v a n i a , P P G o p e r a t e s i n m o r e t h a n 7 0 c o u n t r i e s a r o u n d t h e g l o b e . S a l e s i n 2 0 1 4

w e r e $ 1 5 . 1 4 b i l l i o n . I t i s h e a d q u a r t e r e d i n P P G P l a c e , a n o f f i c e a n d r e t a i l c o m p l e x i n

d o w n t o w n P i t t s b u r g h , a n d i s k n o w n f o r i t s g l a s s f a c a d e d e s i g n e d b y P h i l i p J o h n s o n .

| NUMBERS TO KNOW

CLICK FOR MORE DETAILS ON PPG’S SECOND QUARTER NET

SALE/EARNINGS REPORT

NYSE:PPG

• S e c o n d q u a r t e r n e t s a l e s i n c r e a s e d 8 p e r c e n t i n l o c a l c u r r e n c i e s v e r s u s p r i o r y e a r

• N e t s a l e s i n c r e a s e d a b o u t 1 p e r c e n t v e r s u s p r i o r y e a r i n c l u d i n g u n f a v o r a b l e f o r e i g nc u r r e n c y t r a n s l a t i o n

• A d j u s t e d e a r n i n g s p e r d i l u t e d s h a r e f r o m c o n t i n u i n g o p e r a t i o n s o f $ 1 . 6 7 g r e w 1 8p e r c e n t y e a r - o v e r - y e a r

• P r e v i o u s l y a n n o u n c e d b u s i n e s s r e s t r u c t u r i n g r e c o r d e d d u r i n g s e c o n d q u a r t e r

• C a s h d e p l o y m e n t c o n t i n u e d ; p u r c h a s e p r i c e o f a c q u i s i t i o n s c l o s e d o r a n n o u n c e d t o t a la b o u t $ 4 0 0 m i l l i o n a n d s h a r e r e p u r c h a s e s t o t a l $ 3 5 0 m i l l i o n y e a r - t o - d a t e

• C a s h a n d s h o r t - t e r m i n v e s t m e n t s t o t a l e d a p p r o x i m a t e l y $ 1 . 2 b i l l i o n a t q u a r t e r - e n d

P P G R e p o r t s R e c o r d S e c o n d Q u a r t e r N e t S a l e s a n d E a r n i n g s P e r S h a r e