C h a r l e s t o w n , I N | 1O F F E R I N G M E M O R A N D U M

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Yamato (Pizza Hut Sub Lease) 1 0 8 4 M a r k e t S t | C h a r l e s t o w n , I N

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EXCLUSIVELY L ISTED BY:

Simon AssafAssociate

Simon.Assaf@matthews.comDIR (949) 873-0275MOB (909) 800-7139LIC # 02027273 (CA)

Aron Cl ineSVP & Sr. Director

Aron.Cl ine@matthews.comDIR (949) 432-4509MOB (818) 632-0233LIC # 01904371 (CA)

Kyle MatthewsBroker of RecordLic # RC51700140

INVESTMENT HIGHLIGHTS

• Great Return on Investment - 10% cap rate with 9 years remaining on the base term of the lease

• Absolute NNN - Zero landlord responsibilities

• Hedge against Inflation - 5% increase remaining in the base term of the lease

• Strong Guarantee - 2JR Pizza Enterprises operates 30 locations in KY, IN, IA, and IL

Location Highlights

• Great Retail Corridor - Surrounded by national tenants and located down the street from Charlestown High School

• Growing Population - 4.99% growth in a 5-mile radius over the next 5 years

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Annualized Operating DataMonthly Rent Annual Rent Rent/SF Cap Rate

Current - 9/30/2021 $2,882.42 $34,589.00 $14.29 10.00%

10/1/2021 - 9/30/2026 $3,228.31 $38,739.68 $16.01 11.06%

Option 1: 10/1/2026 - 9/30/2031 $3,615.70 $43,388.44 $17.93 12.39%

Tenant Summary

Tenant Trade Name Yamato (Pizza Hut Sub Lease)

Type of Ownership Fee Simple

Lease Guarantor Corporate

Lease Type NNN

Roof and Structure Tenant Responsible

Original Lease Term 25 Years

Rent Commencement Date 10/1/2016

Lease Expiration Date 9/30/2026

Term Remaining on Lease ± 9 Years

Increases 12% Increase on 10/1/2021

Options One, 5-Year Options

List Price$350,000

Cap Rate10.00%

GLA± 2,420 SF

Lot Size± 0.78 Acres

Yamato (Pizza Hut Sub Lease)1084 Market St

Charlestown, IN 47111

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Financial Overview

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Number of StoriesOne

Lot Size± 0.78 Acres (33,977 SF)

Assessor’s Parcel Number10-18-11/700-023.000-004

GLA± 2,420 SF

The OfferingParcel Map

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Regional Map

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Demographics

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Charlestown is a located in southern Indiana, across the Ohio River from Louisville, KY. The area is known for its amazing residential area and has a family-friendly view on everything the community creates and develops. Being in close proximity to the Ohio River, there are many different outdoor activities available in Charlestown. The community is well-known for their park and recreational facilities. Greenway Park holds many different events and activities throughout the year, while also providing easy trails that allow visitors to explore the natural side of Charlestown.

The city is also regionally known for their Christmas celebration. Charlestown is the most visited area in southern Indiana during Novermber and December. There are Carriage Rides, a Christmas parade, and one-of-a-kind lights that light up the whole town.

Charlestown, IN

Population 1 Mile 3 Mile 5 Mile2022 Projection 5,745 10,788 18,292

2017 Estimate 5,513 10,246 17,268

2010 Census 5,158 9,367 15,580

2000 Census 4,975 8,361 13,036

Growth 2017-2022 4.21% 5.29% 5.93%

Households 1 Mile 3 Mile 5 Mile2022 Projection 2,252 4,114 6,784

2017 Estimate 2,152 3,902 6,404

Growth 2017-2022 4.65% 5.43% 5.93%Income 1 Mile 3 Mile 5 Mile2017 Est. Average Household Income

$67,266 $70,668 $81,342

Demographics

Area Overview

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Louisville, KY

As the largest city in the Commonwealth of Kentucky and the 30th-most populous city in the United States, Louisville is sited beside the Falls of the Ohio, the only major obstruction to river traffic between the upper Ohio River and the Gulf of Mexico. Designated as a first-class city, Louisville has a prosperous river-town character with a distinct Southern accent.

The city is known as the home of the Kentucky Derby, Kentucky Fried Chicken, the University of Louisville and its Louisville Cardinals athletic teams, Louisville Slugger baseball bats, and three of Kentucky’s six Fortune 500 companies. Its main airport is also the site of United Parcel Service’s worldwide air hub.

Louisville’s importance to the shipping industry continues today with the presence of the Worldport global air-freight hub for UPS at Louisville International Airport. Louisville’s location at the crossroads of three major interstate highways also contributes to its modern-day strategic importance to the shipping and cargo industry. As of 2003, Louisville ranks as the seventh-largest inland port in the United States.

Top 10 “City for Jobs”

Top 10 city for homeownership

Top 14 places to visit in 2016

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E c o n o m yLouisville is home to dozens of companies and organizations across several industrial classifications. Its strategic location at the Falls of the Ohio, and its unique position in the central United States make it a practical location for the transfer of cargo along its route to other destinations. Louisville offers a high value proposition and allows businesses to succeed in a vibrant city. Louisville is a competitive, authentic, global city, home to UPS Worldport and a center for advanced manufacturing and logistics. Since 2014, Louisville has seen more than $8 billion in investments.

To p C o u n t y E m p l o y e r sEmployer

United Parcel Service

Ford Motor Co.

Norton Healthcare

Humana Inc.

Jewish Hospital Healthcare

GE Consumer & Industrial

Kroger Co.

C h a r l e s t o w n , I N | 99 | O f f e r i n g M e m o r a n d u m

The Kentucky Derby takes place on the first Saturday in May every year, and typically draws a crowd of 155,000 people. It is the longest continually held sporting event in America, and it is one of the most prestigious horse races in the world.

The 390-million-year-old fossil beds are among the largest, naturally exposed, Devonian fossil beds in the world. The “Falls” was originally a series of rapids allowing the Ohio River to drop 26 feet over a distance of two and a half miles. This was the only navigational hazard over the 981 mile-length river formed by rock outcrops. Today much of the original falls have been flooded behind the McAlpine dam.

The University of Louisville is a public university located just 5 miles from the subject property, University of Louisville has a total enrollment of 22,640 students and a total staff of 7,000. The university has three campuses in the Louisville area, the Bellknap, the Health Science, and the Shelby.

University of Louisville is known for its Louisville Cardinals athletics, several of which are among the most successful in the country. Since 2005, the Cardinals have made appearances in the NCAA Division 1 men’s basketball Final Four in 2005, 2012, and 2013.

Kentucky Derby Falls of Ohio

University of Louisville Louisville Cardinals

Points of Interest

This Offer ing Memorandum contains select informat ion pertaining to the business and af fa i rs of Yamato (Pizza Hut Sub Lease) located at 1084 Market St, Charlestown, IN 47111 (“Property”) . I t has been prepared by Matthews Real Estate Investment Services. This Offer ing Memorandum may not be al l - inclusive or contain a l l of the informat ion a prospect ive purchaser may desire. The informat ion contained in th is Offer ing Memorandum is conf ident ia l and furnished solely for the purpose of a review by a prospect ive purchaser of the Property. I t is not to be used for any other purpose or made avai lable to any other person without the wri t ten consent of Sel ler or Matthews Real Estate Investment Services. The mater ia l is based in part upon informat ion suppl ied by the Sel ler and in part upon f inancial informat ion obtained from sources i t deems rel iable. Owner, nor their of f icers , employees, or agents makes any representat ion or warranty, express or impl ied, as to the accuracy or completeness of th is Offer ing Memorandum or any of i ts contents and no legal l iabi l i ty is assumed or shal l be impl ied with respect thereto. Prospect ive purchasers should make their own project ions and form their own conclusions without rel iance upon the mater ia l contained herein and conduct their own due di l igence.

By acknowledging your receipt of th is Offer ing Memorandum for the Property, you agree:

1 . The Offer ing Memorandum and i ts contents are conf ident ia l ;

2 . You wi l l hold i t and treat i t in the str ictest of conf idence; and

3. You wi l l not , d i rect ly or indirect ly, d isclose or permit anyone else to disclose this Offer ing Memorandum or i ts contents in any fashion or manner detr imental to the interest of the Sel ler.

Owner and Matthews Real Estate Investment Services expressly reserve the r ight , at their sole discret ion, to reject any and al l expressions of interest or of fers to purchase the Property and to terminate discussions with any person or ent i ty reviewing this Offer ing Memorandum or making an of fer to purchase the Property unless and unt i l a wr i t ten agreement for the purchase and sale of the Property has been ful ly executed and del ivered.

I f you wish not to pursue negot iat ions leading to the acquis i t ion of the Property or in the future you discont inue such negot iat ions, then you agree to purge al l mater ia ls relat ing to th is Property including this Offer ing Memorandum.

A prospect ive purchaser ’s sole and exclusive r ights with respect to th is prospect ive t ransact ion, the Property, or informat ion provided herein or in connect ion with the sale of the Property shal l be l imited to those expressly provided in an executed Purchase Agreement and shal l be subject to the terms thereof. In no event shal l a prospect ive purchaser have any other c la ims against Sel ler or Matthews Real Estate Investment Services or any of their af f i l iates or any of their respect ive of f icers , Directors , shareholders, owners, employees, or agents for any damages, l iabi l i ty, or causes of act ion relat ing to th is sol ic i tat ion process or the market ing or sale of the Property.

This Offer ing Memorandum shal l not be deemed to represent the state of af fa i rs of the Property or const i tute an indicat ion that there has been no change in the state of af fa i rs of the Property s ince the date this Offer ing Memorandum.

C O N F I D E N T I A L I T Y & D I S C L A I M E R S TAT E M E N T

C h a r l e s t o w n , I N | 1 1

BROKER OF RECORD

EXCLUSIVELY L ISTED BY

Yamato (Pizza Hut Sub Lease)1 0 8 4 M a r ket St | C h a r l estow n , I N

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Simon AssafAssociate

Simon.Assaf@matthews.comDIR (949) 873-0275MOB (909) 800-7139LIC # 02027273 (CA)

Aron Cl ineSVP & Sr. Director

Aron.Cl ine@matthews.comDIR (949) 432-4509MOB (818) 632-0233LIC # 01904371 (CA)

Kyle MatthewsBroker of RecordLic # RC51700140