O F F E R I N G M E M O R A N D U M

Click Image For Online Property Map

DISCLOSURE :

All materials and information received or derived from Fortis Net Lease (hereinafter collectively referred to as “FNL”), its directors, officers, agents, advisors, af-

filiates and/or any third party sources are provided without representation or warranty by FNL its directors, officers, agents, advisors, or affiliates as to com-

pleteness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, suitability, finan-

cial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither FNL its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the

any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for

review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. FNL will

not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

ALL PARTIES SHALL CONDUCT THEIR OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE:

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investiga-

tions including through appropriate third party independent professionals selected by such party.

All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate inde-

pendent professionals. FNL makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assump-

tions. FNL does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance,

including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that

may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable con-

tractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the proper-

ty.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax

attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the

property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other

consultants and governmental agencies. All properties and services are marketed by FNL in compliance with all applicable fair housing and equal opportuni-

ty laws.

E XC LU S I V E LY L I S T E D BY: DOUG PASSON ROBERT BENDER

Managing Partner Managing Partner 248.254.3407 248.254.3406 dpasson@fnlre.com rbender@fnlre.com

O’REILLY AUTO PARTS

Fortis Agents Cooperate Click Here To Meet

The Team

INVESTMENT SUMMARY

List Price: $2,178,000

Current NOI: $123,072

Initial Cap Rate: 5.65%

Land Acreage: Verify with Seller

Year Renovated to Suit: 2017

Building Size: 6,864 SF

Construction Type: Four Sided Brick & Block

Roof: Rubber Membrane

Google Aerial Map: Click HERE

Google Street Map: Click HERE

LEASE SUMMARY

Lease Type: NN

Taxes/CAM/Insurance: Tenant Responsibility

Structure/Roof/Parking: Landlord Responsibility

Lease Term: 15 Years

Rent Commencement: December 1, 2017

Rent Expiration: November 30, 2032

Term Remaining: 15 Years

Rent Increases: 6% Increases Every 5 Years

Including Options

Option Periods: Four, Five Year Options

INVESTMENT HIGHLIGHTS

• Redeveloped “Ground Up” 6,864 SF O’Reilly Auto Parts Store

• 15 Year NN Lease

• Minimum Landlord Responsibilities

• 6% Increases Every 5 Years Including Options

• Downtown Plymouth Location

LOCATION HIGHLIGHTS

• Corner of Ann Arbor Road ( 27,800+ VPD) and S Main Street (9,800+ VPD)

• Major Retail Corridor | Excellent Access and Visibility

• Just South of Historic Downtown Plymouth & North of Ford Road in Canton

• Very Densely Populated Area with Over 191,600 Residents Within 5 Miles

• Average Household Income Exceeds $98,000 Within 5 Miles

• Median Home Value Within 1 Mile Exceeds $222,000

• Positioned Near National Retail Tenants Including; Walmart, Target, Sam’s

Club, Best Buy, Lowe’s, Home Depot, LA Fitness, IKEA, Dollar Tree, Meijer

and more

O ’ R E I L L Y A U T O P A R T S | F O R T I S N E T L E A S E

Year Monthly Rent Annual Rent Rent Increase % Increase

1-5 Years $10,255.96 $123,071.52 7,384 6.00%

6-10 Years $10,871.32 $130,455.84 7,827 6.00%

11-15 Years $11,523.60 $138,283.20 8,297 6.00%

Option 1 $12,215.01 $146,580.12 8,795 6.00%

Option 2 $12,947.91 $155,374.92 9,323 6.00%

Option 3 $13,724.79 $164,697.48 9,882 6.00%

Option 4 $14,548.28 $174,579.36

INVESTMENT OVERVIEW

Fortis Net Lease is proud to present a brand new O’Reilly Auto Parts store at 875 W Ann Arbor Road in Plymouth, MI. The 15 year NN lease will

commence on December 1, 2017 when the store opens for business. The lease has four, five year options with 6 percent rent increases every

five years.

The subject property is situated in a large retail area and is surrounded by many national tenants including: Walmart, Target, Sam’s Club, Best

Buy, Lowe’s, Home Depot, LA Fitness, IKEA, Dollar Tree and Meijer. The subject property is south of historic downtown Plymouth and north of

Ford Road in Canton. It is located in a densely populated area with over 191,600 residents within five miles. The average household income

within five miles is $98,000 and the median home value within one mile exceeds $222,000.

COMPANY OVERVIEW

O'Reilly Automotive, Inc. (NASDAQ: ORLY) is one of

the largest specialty retailers of automotive aftermar-

ket parts, tools, supplies, equipment, and accessories

in the United States, serving both professional service

providers and do-it-yourself customers. O'Reilly's initial

public stock offering in April 1993 was well received

by investors as a welcome addition to publicly trad-

ed companies in the automotive aftermarket indus-

try. O'Reilly Auto Parts intends to be the automotive

aftermarket industry leader, and realizes that this

goal can only be accomplished with the help of their

team members. A philosophy has evolved within

O'Reilly with regard to how team members are treat-

ed and how they treat others. This is the "O'Reilly Cul-

ture" and it can be summed up by the following busi-

ness philosophy: We are enthusiastic, hardworking

professionals who are dedicated to teamwork, safe-

ty and excellent customer service. We will prac-

tice expense control while setting an example

of respect, honesty, and a win-win attitude in every-

thing we do.

O ’ R E I L L Y A U T O P A R T S | F O R T I S N E T L E A S E

Plymouth, MI

Plymouth is a city in Wayne County in the U.S. state of Michigan. The population was 9,132 at the 2010 cen-

sus. The City of Plymouth is landlocked, being entirely surrounded by the Charter Township of Plymouth.

The city of Plymouth has a variety of shops and restaurants surrounding Kellogg Park, the de facto center of

town. The Inn at St. John's, a hotel conference center and golf resort, is located in Plymouth. The city offers

more than fifty recreation programs for all age groups, an NHL-size ice arena and twelve parks. It also or-

ganizes major community events such as the popular Fall Festival, Ice Sculpture Spectacular and the Art in

the Park, and access to the Plymouth-Canton school district, with a unique complex composed of three

high schools located on one 305-acre campus and is now one of the highest populated high school cam-

puses in the country with close to 6500 students and over 800 faculty members.

The Plymouth Ice Spectacular, the largest and oldest ice carving festival in North America, is held every

year in Plymouth in late January. Founded in 1982 by then 25-year-old Scott Lorenz, the weekend-long

event draws an average of 500,000 people to Plymouth each year and has helped establish ice carving as

a world-class competitive event.

Plymouth's "Art in the Park" is Michigan's second largest art fair. Visitors have enjoyed Plymouth Art in the

Park since its inaugural event in 1980. Plymouth Art in the Park, founded, directed and managed by mother

and daughter team Dianne Quinn and Raychel Rork, celebrated its 33rd show in 2012. The event hosts over

450 artists and 300,000 attendees each year.

O ’ R E I L L Y A U T O P A R T S | F O R T I S N E T L E A S E

O ’ R E I L L Y A U T O P A R T S | F O R T I S N E T L E A S E

O ’ R E I L L Y A U T O P A R T S | F O R T I S N E T L E A S E

O ’ R E I L L Y A U T O P A R T S | F O R T I S N E T L E A S E

Construction Progress Photos As Of 08/25/17

O ’ R E I L L Y A U T O P A R T S | F O R T I S N E T L E A S E

Construction Progress Photos As Of 08/25/17

O ’ R E I L L Y A U T O P A R T S | F O R T I S N E T L E A S E

Construction Progress Photos As Of 08/25/17

O ’ R E I L L Y A U T O P A R T S | F O R T I S N E T L E A S E

Construction Progress Photos As Of 08/25/17

O ’ R E I L L Y A U T O P A R T S | F O R T I S N E T L E A S E

Construction Progress Photos As Of 08/25/17

O ’ R E I L L Y A U T O P A R T S | F O R T I S N E T L E A S E

Construction Progress Photos As Of 08/25/17

O ’ R E I L L Y A U T O P A R T S | F O R T I S N E T L E A S E

O ’ R E I L L Y A U T O P A R T S | F O R T I S N E T L E A S E

191,674 People Live

Within 5 Miles

Largest Employers in Wayne County

Ford Motor Co.

Oakwood Healthcare Inc.

Henry Ford Health System

Johnson Controls

US Steel - Great Lakes Works

Dearborn Public Schools

US Government

Severstal Dearborn LLC

Click Image For Online Property Map

Average Household Income

Exceeds $98,000

Within 5 Miles

O ’ R E I L L Y A U T O P A R T S | F O R T I S N E T L E A S E

Population: 1 Mile 3 Miles 5 Miles

2022 Projection 11,051 73,314 189,292

2017 Estimate 11,236 74,283 191,674

2010 Census 11,643 75,749 194,977

2017 Population Hispanic Origin 267 2,219 5,916

2017 Population by Race:

White 10,371 63,037 152,493

Black 315 4,093 14,909

Am. Indian & Alaskan 40 209 525

Asian 319 5,602 19,975

Hawaiian & Pacific Island 1 14 38

Other 189 1,327 3,733

U.S. Armed Forces: 6 35 85

Households:

2022 Projection 4,769 29,614 75,839

2017 Estimate 4,845 29,988 76,786

2010 Census 5,005 30,508 78,051

Owner Occupied 3,516 21,918 55,521

Renter Occupied 1,328 8,070 21,264

2017 Avg Household Income $93,534 $97,991 $98,920

2017 Med Household Income $79,172 $78,251 $75,914

2017 Households by Household Inc:

<$25,000 723 3,830 11,245

$25,000 - $50,000 863 5,616 14,151

$50,000 - $75,000 712 4,974 12,608

$75,000 - $100,000 743 4,418 10,627

$100,000 - $125,000 607 3,668 8,532

$125,000 - $150,000 405 2,390 5,542

$150,000 - $200,000 512 2,527 6,606

$200,000+ 279 2,566 7,474

Population 1 Mile 3 Miles 5 Miles

2017 Total Population: 11,236 74,283 191,674

2022 Population: 11,051 73,314 189,292

Average Age: 40.70 40.30 40.00

Households

2017 Total Households: 4,845 29,988 76,786

Median Household Inc: $79,172 $78,251 $75,914

Avg Household Size: 2.30 2.50 2.50

2017 Avg HH Vehicles: 2.00 2.00 2.00

Housing

Median Home Value: $222,321 $208,631 $207,407

Median Year Built: 1966 1974 1977

O ’ R E I L L Y A U T O P A R T S | F O R T I S N E T L E A S E

E XC LU S I V E LY L I S T E D BY: DOUG PASSON ROBERT BENDER

Managing Partner Managing Partner 248.254.3407 248.254.3406 dpasson@fnlre.com rbender@fnlre.com

O’REILLY AUTO PARTS

[ www.fortisnetlease.com