Investment Highlights

NEW 15-YEAR ABSOLUTE NNN GROUND LEASE TO CORPORATE TENANT
» Corporate tenant with iconic brand recognition (NYSE: “VVV”)
» 10% rental increases every five years in initial term and option periods, providing a hedge against inflation
» No landlord management, ideal for an out-of-area investor
» With an average consumer rating of 4.6 out of 5 stars, Valvoline Inc. has built the model for transparency and convenience to take the worry out of vehicle care
» Valvoline ranks #2 in quick-lube chains in the US by number of stores with nearly 1,800 locations

HARD-CORNER LOCATION IN MAJOR BRISTOL RETAIL CORRIDOR
» Located at the signalized intersection along Kennedy Road between US Route 19 and Bluff City Highway with access to a combined 31,767 vehicles per day
» Well-positioned directly across from a Food City grocery store & fuel station and situated near national tenants including Lowe’s, Starbucks, Walgreens, CVS, Wendy’s, and Burger King
» Beneficial proximity to major car dealerships and agencies such as Honda, Nissan, and Enterprise
» Projected income increases within 1-, 3-, and 5-mile radii over the next five years, poising Valvoline and Bristol for steady concurrent growth

CENTRAL LOCATION BETWEEN THE BRISTOL MOTOR SPEEDWAY AND DOWNTOWN BRISTOL
» Advantageous location only 4 miles away from the Bristol Motor Speedway NASCAR short track and Downtown Bristol
» With close to 1M annual visitors, the Bristol Motor Speedway hosts several NASCAR events and is ranked the 4th largest sports venue in the US
» Bristol is among the most popular tracks on the NASCAR schedule because of its distinct features, which include extraordinarily steep banking, an all-concrete surface, two pit roads, different turn radii, and stadium-like seating
» Conveniently located 5.3 miles from Hard Rock Hotel & Casino Bristol, a brand new$520M casino featuring 2,700 slot machines, 100 table game and a sportsbook,
a 750-room hotel, 3200-seat concert theater, and an outdoor entertainment center

Property Description

SOLD

» High-Visibility Location: Located at a signalized intersection and easily accessible with two entrypoints on Kennedy Road and U.S. Route 19/Volunteer Parkway (24,080 AADT)
» Excellent Location in Growing Retail Corridor: Well-positioned directly across from Food City & its fuel station Food City Gas ‘N Go and near national tenants such as Starbucks, Lowe’s, Walgreens, and more
» Ideal Nearby Customer Base: Beneficial proximity to car dealerships including Nissan and Honda as well as the Bristol Motor Speedway which serves several NASCAR events and hosts nearly 1 million visitors per year
» Gateway to Downtown Bristol: This site is 4 miles away from Downtown Bristol, recognized as the Birthplace of Country Music and home to the brand new Hard Rock Hotel & Casino
» Poised to Serve Growing Suburb: Projected income increases of more than 15% within 1-, 3-, and 5-mile radii by 2028