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ADVANCE AUTO PARTSSINGLE TENANT RETAIL FOR SALE

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The Property information contains brief selected information pertaining to the business and affairs of the Property. Itdoes not, however, purport to be all-inclusive or to contain all the information, which a prospective purchaser may desireor require. Neither seller, nor any of its officers, employees or agents (hereinafter collectively referred to as “Owner”make any representation or warranty, express or implied, as to the accuracy or completeness of this information and noliability or any kind whatsoever is assumed by Owner with respect thereto.

By acknowledgement of receipt of the Property information, Principal and Broker, if applicable, agree that the Propertyinformation is confidential, proprietary and the exclusive possession of Owner and further that you will hold and treat itin the strictest of confidence, that you will not directly or indirectly disclose, or permit anyone else to disclose, theProperty information to any other person, firm or entity, without prior written authorization of Owner, Principal andBroker, if applicable, further agree that they will not duplicate, photocopy or otherwise reproduce the Propertyinformation in whole or in part or otherwise use or permit it to be used in any fashion or manner detrimental to theProperty or the interest of Owner.

Both Principal and Broker, if applicable, hereby agree to indemnify Owner from any loss or damage, which Owner maysuffer as a result of undersigned’s breach of the terms and conditions of the Confidentiality Agreement. Owner expresslyreserves the right at Owner’s sole, singular, exclusive and arbitrary discretion to reject any or all proposals orexpressions of interest in their Property and to terminate discussions in connection therewith with any party at any timewithout notice.

The Property information shall not be deemed to represent the state of affairs of the Property or constitute an indicationthat there has been no change in the business or affairs of the Property since the date of preparation of thisinformation. The information provided has been gathered from sources that are deemed reliable, but the Owner doesnot warrant or represent that the information is true and correct. You are advised to verify the informationindependently.

The Owner reserves the right to make any change, to add, delete or modify the information or to withdraw the Propertyfrom consideration at any time, without notice. The Property information is not to be construed as an offer, anexpression of intent, an obligation, or as part of any contract of commitment, to sell the Property.

Furthermore, the inclusion or exclusion of information relating to asbestos or any other hazardous, toxic or dangerouschemical item, waste or substance (thereinafter collectively referred to as “Waste”) relating to the Property shall in no wayconstrued as creating any warranties or representations, expressed or implied by the Owner or its agents as to theexistence or nonexistence or nature of Waste in, under or on the Property, or to create legal and/or obligations upon theOwner, lessee and/or other holder of interest in the Property or part thereof.

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CONFIDENTIALITY AGREEMENT

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Investment Summary

Property Address 4010 N Nebraska Avenue

City, State Tampa, FL 33603

Price $2,727,000

Annual Rent $163,620

Rent/SF $15.00

Cap Rate 6.00%

Tenant Advance Auto Parts (Website)

Lease Type NN Corporate Lease

Rentable Square Feet 10,908 SF

Lot Size 2.01+/- Acres

Year Built 1998

Term Remaining 10 Years (Recently Renewed)

Lease Commencement December 10, 2018

Expiration Date December 31, 2028

Rent Increases In Option Periods

Options to Renew Two, Five-Year Options

Landlord Responsibilities Roof & Structure

INVESTMENT OVERVIEW

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PeriodMonthly

RentAnnual

RentRent/SF Cap Rate

12/10/2018 – 12/31/2028 $13,635 $163,620 $15.00 6.00%

Option 1 (Year 11-15) $15,453 $185,436 $17.00 6.80%

Option 2 (Year 16-20) $16,363 $196,356 $18.00 7.20%

Rent Schedule Investment Highlights Brand New 10-Year Lease ExtensionInitially a build-to-suit for Eckerd Pharmacy, Advance Auto Parts hasoccupied the building under a sub-lease since 2005. Showing theircommitment to the location, Advance Auto Parts signed a newunencumbered 10-year extension that commenced in December 2018.

Excellent Underlying Real EstateIn addition to the high visibility on a corner, the building sits on a 2.01acre parcel which provides for long term viability in the underlying realestate and appealing redevelopment options down the road.

Replaceable Rental RateThe rental rate at the subject property is $15/sf. Submarket rental ratesare $17/sf-$18/sf (per CoStar). Newer construction properties in thesubmarket are achieving rents in the mid-to-high $20’s/sf.

New Large-Scale Developments Near PropertyThe subject property is located in the middle of Tampa Heights andSeminole Heights, an area that has seen major positive transformationover the past few years. Large notable developments near the propertyinclude the mixed-use Armature Works project, new multifamilydevelopments and trendy restaurants.

Densely Populated AreaWith over 17,500 people within a one-mile radius, this is a denselypopulated area just north of downtown Tampa that is growing at ahealthy rate of 1.5% annually.

Lighted IntersectionThe property is located on a hard corner on a highly traffickedintersection directly off of Interstate 275, a major thoroughfare in theTampa Bay Region.

INVESTMENT OVERVIEW

Low Tax BurdenWith no personal income taxes imposed by Florida, the state featuresone of the lowest tax burdens in the country.

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LEASE EXPENSE RESPONSIBILITIES

Maintenance and Repairs Tenant will keep the interior and exterior of the building on the Leased Premises in good order and repair, including all mechanical equipment, at its own cost and expense.

Roof and StructureLandlord shall, at its own cost and expense, maintain in good operating condition (including making all necessary repairs and replacements to accomplish the same) The roof and structural members of the building on the Leased Premises.

UtilitiesTenant shall pay, directly to the provider thereof with no surcharge paid to the Landlord, for all sewerage and trash disposal services, water, gas, heat, electricCurrent and other utilities consumed by it, in or upon the Leased Premises.

Casualty InsuranceDuring the Term, Tenant shall, at its sole cost and expense, obtain andMaintain property insurance covering the Leased Premises in an amount Not less that the full replacement cost thereof.

InsuranceTenant shall keep in full force a policy of general liability insurance, whichinsurance shall stipulate limits of liability of not less than $2,000,000 each occurrence, single limit bodily injury and/or property damage combined. Landlord shall, during the entire Term hereof, keep in full force a policy of commercial general liability insurance, which insurance shall stipulate limits of liability of not less than $2,000,000 each occurrence, single limit bodily injury and/or damage combined. Tenant shall reimburse Landlord the cost of the insurance policypremium within thirty (30) days of receipt of an invoice and supporting documentation.

TaxesLandlord shall cooperate with Tenant in having the real estatetaxes billed directly to the Tenant. Tenant shall pay such tax bills directly to the taxing authority.

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INVESTMENT OVERVIEW

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FUTURE

SITE

INVESTMENT OVERVIEW

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INVESTMENT OVERVIEW

DEMOGRAPHICS

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1-Mile

3-Mile

5-Mile 1-Mile 3-Mile 5-Mile

Population

2010 Population 16,306 120,202 264,454

2018 Population 17,502 133,854 292,487

2023 Population 18,492 145,810 315,076

2018 Median Age 36.6 35.9 36.2

Households

2010 Households 6,023 46,284 106,396

2018 Households 6,415 51,857 117,607

2023 Households 6,754 57,261 127,280

2018 Avg. HH Size 2.66 2.48 2.43

Income

2018 Avg HH Income $45,892 $54,147 $63,683

2023 Avg HH Income $54,304 $65,299 $75,210

2018 Median HH Income $33,492 $36,213 $40,475

2023 Median HH Income $38,416 $42,054 $46,999

Businesses

Total Businesses 492 7,016 16,273

Total Employees 4,725 101,414 224,750

Demo Rings

Traffic Counts

TENANT OVERVIEW

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Advance Auto Parts, Inc. is a leading automotive aftermarket partsprovider that serves both professional installer and do-it-yourselfcustomers. Most stores are open 7:30 am to 9:00 pm, 365 days ayear.

Advance Auto Parts ranks in the top 4 for auto parts in brick-and-mortar stores and ranks number 1 in auto parts sales online- henceits new partnership with Walmart’s online shop.

Advance Auto Parts was founded in Raleigh, NC in 1932 and todaythey nearly have 5,000 stores servicing the United States, PuertoRico, the U.S. Virgin Islands and Canada. There are over 516 storesin Florida alone and they are continually converting their Carquestbranded stores to Advance Auto Parts. In 2017, Advance Auto Partsdid 9.37 billion in revenue. Advanced Auto Parts employsapproximately 74,000 team members.

Third Quarter 2018 Earnings Call Highlights

• Net Sales Increased 4.3% to $2.3B

• Comparable store sales increased 4.6%

• Gross profit increased 6.2% to $1.0B; 83 basis point margin expansion

Year to Date (2018) Highlights

• Net Sales Increased 1.9% to $7.5B

• Comparable store sales increased 2.0%

• Operating income increased 7.7% to $520.0M; 37 basis point margin

expansion

Tenant Advance Auto Parts

Headquarters Roanoke, VA

Year Founded 1932

Number of Locations 5,026

Revenue (2017) $9.373 Billion

Employees 71,000+

Ticker NYSE: AAP

Credit Rating S&P: BBB- / Moody’s: Baa2

MARKET OVERVIEW

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TAMPA BAY REGION OVERVIEW

The Tampa Bay area is a region in West CentralFlorida that encompasses main cities Tampa,Saint Petersburg, and Clearwater. With around3 million residents, Tampa Bay’s economy israpidly growing. As a result of a favorablenational economic climate and a rise indiscretionary income, tourism numbers havestrengthened as visitors flock to the area totake advantage of the sandy white beaches inPinellas County. Tampa Bay is home to Fortune500 companies such as Jabil Circuit, Tech Data,and WellCare Health Plans, Inc. Job numbers inthe area have all seen a boost as industriessuch as construction, professional services,retail trade, and hospitality services are thriving.

Tampa Bay continues to outpace the U.S. in jobgrowth and has lowered the jobless rate to 5.4percent in mid-2015 from 6 percent in the prioryear. Over the past year, over 32,000 jobs havebeen added which has spurred propertydevelopment. Companies, such as TwinlabConsolidation Corporation out of New York,have recently relocated to St. Petersburg totake advantage of a strong technology base.

Home prices in the Tampa bay area rose 7percent in the past year. This home priceappreciation is set to ease into a sustainablepace over the next several quarters as a resultof increased migration to the area.

Both single-family and multi-family constructionis on the rise. Existing multi-family units arealso getting absorbed at a rapid pace and arestable at around 95 percent occupancy.

There are a wide range of higher educationaloptions in the Tampa Bay area includingUniversity of South Florida, University of Tampa,and St. Petersburg College. Tampa Bay hasseveral powerhouse research institutions thatare engaged in activities such as scientificresearch (Moffit Cancer Center, Baycare HealthSystems) and technology (Crystal ClearTechnologies, USF-High Tech Corridor).

MAJOR EMPLOYERS

Company Industry # of Local Employees

Publix Super Markets Inc. Retail 37,254

BayCare Health System Health Care 26,900

Hillsborough County School District Education 26,016

HCA West Florida Division Health Care 18,911

MacDill Air Force Base Military 18,000

Pinellas County School Board Education 15,905

University of South Florida Education 15,243

Polk County Public School District Education 13,068

State of Florida Government 10,711

MARKET OVERVIEW

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TAMPA OVERVIEW

DEGREES AWARDED

28,858USF, UT, AND HCC

NUMBER OF EMPLOYEES

181,6933.98% GROWTH

MEDIAN HOUSEHOLD INCOME

$50,40513.4% GROWTH

POPULATION

377,1722.21% GROWTH

• ONE OF THE BEST CITIES IN THE WORLD – WORLD RESONANCE REPORT (2019)

• SECOND-BEST LARGE COLLEGE CITY IN THE U.S. – WALLET HUB (2019)

• TAMPA’S RIVERWALK WINS PEOPLE’S CHOICE AWARD FOR GREAT PLACES IN AMERICA – AMERICAN

PLANNING ASSOCIATION (2018)

• HOW TAMPA TURNED AROUND – URBAN LAND INSTITUTE

• SECOND-BEST PLACE FOR FIRST-TIME HOME BUYERS – WALLET HUB (2018)

• FORMER HEDGE-FUND TITAN AND BILL GATES ARE BETTING BILLIONS ON TAMPA – THE WALL STREET

JOURNAL

Russell BlumenthalO: 813.254.6200C: 813.340.4033

rblumenthal@redstonecommercial.com

Will WambleO: 813.254.6200C: 813.434.8278

wwamble@redstonecommercial.com

FOR MORE INFORMATION:

Disclaimer

All information has been obtained from sources deemed reliable. Redstone Commercial and their representativesmake no guarantees as to the accuracy of the information contained herein.