DENNY'S

OFFE

RIN

G M

EM

OR

AN

DU

M

ABSOLUTE NNN | $2,555,44010445 ATLANTIC BLVD, JACKSONVILLE, FLORIDA

Andrew Thomas Knight

860-648-1600License # BK 3287452 / CQ1046052NECBinc@gmail.com

We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors,omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.  We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or futureperformance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

8255 East Raintree Drive Suite 100Scottsdale, AZ 85260

Denny'sCONTENTSExecutive Summary

Executive Summary 5 Location Summary 6

Demographics Demographics 7 Demographic Charts 8

Exclusively Marketed by:Mark McLooneSenior Associate 480-429-4580 License # 673250000 mark@retail1031.com

Steven DavisManaging Member 480-429-4580 License # 101032000steven@retail1031.com

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to bereviewed only by the party receiving it from Retail Investment Group and it should not be made available to any other person orentity without the written consent of Retail Investment Group.

By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such informationin the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offeringmemorandum. If you have no interest in the subject property, please promptly return this offering memorandum to RetailInvestment Group. This offering memorandum has been prepared to provide summary, unverified financial and physicalinformation to prospective purchasers, and to establish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation. Retail Investment Group has notmade any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property,the future projected financial performance of the property, the size and square footage of the property and improvements, thepresence of absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, thephysical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans orintentions to continue its occupancy of the subject property.

The information contained in this offering memorandum has been obtained from sources we believe reliable; however, RetailInvestment Group has not verified, and will not verify, any of the information contained herein, nor has Retail Investment Groupconducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracyor completeness of the information provided. All potential buyers must take appropriate measures to verify all of the informationset forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

Denny's Confidentiality and Disclaimer | 03

CONFIDENTIALITY AND DISCLAIMER:

PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONTACT RETAIL INVESTMENT GROUP FOR MORE DETAILS.Copyright © 2018 CREOP, LLC. All Rights Reserved.

Den

ny's | Execu

tive Sum

mary

Executive Summary DEN

NY

'S

......

......

......

......

......

......

......

...... Offering Summary

Location Summary

Denny's Executive Summary | 05

OFFERING SUMMARYADDRESS 10445 Atlantic Blvd Jacksonville FL

32225COUNTY DuvalLEASE TYPE Absolute NNNBUILDING SQUARE FOOT ±5,390LAND SQUARE FOOT ±51,836 (1.19 Acres)YEAR BUILT 1994YEAR RENOVATED 2012

TENANT Proficient Management, INC. (7 Units)OWNERSHIP TYPE Fee Simple

FINANCIAL SUMMARYOFFERING PRICE $2,555,440PRICE PSF $474.11OCCUPANCY 100 %NOI (CURRENT) $178,898CAP RATE (CURRENT) 7.02 %

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2017 Population 7,175 80,909 212,0812017 Median HH Income $44,401 $51,846 $55,2452017 Average HH Income $56,266 $66,137 $74,202

10% Increases Every 5 Years

49,000+ Vehicles per Day along Atlantic Blvd and 65,000+ along Highway 295

Adjacent to Jacksonville Executive at Craig Airport

Located only 8 Miles to Downtown Jacksonville

Large nearby retailers including The Home Depot, Waffle House, Dunkin Donuts, Harley-Davidson, Tires Plus, Holiday Inn Express, and InTown Suites Extended Stay

Denny's is located on the northwest corner of Highway 9A and Atlantic Blvd which turns into the Arlington Expressway just to the west. The site enjoys excellent visibility from Atlantic Boulevard and is the first commercial property when exiting Highway 9A onto Atlantic Boulevard.

Nearby Retailers include The Home Depot, Waffle House, Dunkin Donuts, Hook Fish & Chicken, Papa John's Pizza, Dollar Tree, Holidays Inn Express Jacksonville East, InTown Suites Extended Stay Jacksonville, Adamec Harley Davidson, Enterprise Rent-A-Car, DriveTime Used Cars, Budget Car Rental, Hertz, Jiffy Lube, Napa Auto Parts Genuine Parts Company, and O'Reilly Auto Parts.

Area Generators include Jacksonville International Airport, Jacksonville University, which currently has 4,200+ enrolled students, and Jacksonville Executive Airport, Southeast Toyota Distributor Center, Mackoul Distributors Inc, and Jack Becker Distributor.

Located ± 8 Miles to Downtown Jacksonville which includes a few of the counties largest employers such as Fanatics, Fidelity Investments, Johnson & Johnson, Vision Care Inc, Maxwell House Coffee Co., and Merrill Lynch Wealth Management.

About Denny's:

Denny's is American Largest full-service family-style restaurants, 553 of which were company-owned and operated and 1,050 of which were franchised/licensed restaurants. these Denny's restaurants are operated in 49 states, the District of Columbia, two U.S territories and four foreign countries. Denny's restaurants are open 24 hours a day, 7 days a week. This "always open" operating platform is a distinct competitive advantage. Denny's provides high-quality menu offerings, Generous portions at reasonable prices with friendly and efficient service in a pleasant atmosphere.

PARCELS NUMBER 162962-0000ZONING TYPE CCG-2

12/21/27LEASE EXPIRATION

4 x 5 Year OptionsLEASE OPTIONS

Denny's Location Summary | 06

Jacksonville, Florida is one of the most populous cities in the State of Florida with an MSA population of ±1,345,596 people and the largest city in the Continental US with over 840 square miles. Jacksonville is full of large assets including Cecil Commerce Center, Jacksonville International Airport, Jacksonville International Sea Port, Multiple Military Bases and a growing downtown.

Jacksonville's location on the St. Johns River and the Atlantic Ocean proved providential in the growth of the city and its industry. Jacksonville has a sizable deepwater port, which helps make it a leading port in the U.S. for automobile imports, as well as the leading transportation and distribution hub in the state. However, the strength of the city's economy lies in its broad diversification. The area's economy is balanced among distribution, financial services, biomedical technology, consumer goods, information services, manufacturing, insurance, and other industries.

Due to its convenient location, mild climate, reasonable cost of living, high quality of life and a business-friendly government, Jacksonville is a popular location for corporate expansions and relocations. Its status as an intermodal transportation hub is another incentive, and the city is also a leading distribution center, with a transportation network embracing port and air cargo facilities, rail and trucking routes. Millions of tons of raw materials and manufactured goods move through the city annually.

As a rapidly growing municipality, Jacksonville is recognized as a national leader in managing development. A growth management task force in 2005 formed a vision for the next 25 years: The overall strategy involves balancing commercial and residential development with transit and infrastructure capacity and the preservation of green space.

With a growing population, a strong economy, diverse cultural and recreational opportunities and abundant natural resources, Jacksonville continues to distinguish itself as one of the nation's most dynamic and progressive cities.

Den

ny's | D

emog

raph

ics

Demographics DEN

NY

'S

......

......

......

......

......

......

......

...... Demographic Details

Demographic Charts

Denny's Demographics | 08

POPULATION 1 MILE 3 MILE 5 MILE

2000 Population 7,140 60,353 168,641

2010 Population 6,556 71,951 191,429

2017 Population 7,175 80,909 212,081

2022 Population 7,601 87,176 226,358

2017 African American 1,767 21,316 46,729

2017 American Indian 27 324 802

2017 Asian 392 7,163 14,760

2017 Hispanic 1,160 12,149 28,638

2017 White 4,262 44,069 131,555

2017 Other Race 373 3,817 8,458

2017 Multiracial 348 4,118 9,507

2017-2022: Population: Growth Rate 5.80 % 7.50 % 6.55 %

2017 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE

less than $15,000 305 3,418 8,019

$15,000-$24,999 247 2,570 7,082

$25,000-$34,999 388 3,315 8,304

$35,000-$49,999 574 5,208 12,786

$50,000-$74,999 557 6,139 16,302

$75,000-$99,999 299 4,369 11,822

$100,000-$149,999 266 3,740 11,055

$150,000-$199,999 33 979 3,122

$200,000 or greater 26 642 3,295

Median HH Income $44,401 $51,846 $55,245

Average HH Income $56,266 $66,137 $74,202

HOUSEHOLDS 1 MILE 3 MILE 5 MILE

2000 Total Housing 2,894 24,719 68,195

2010 Total Households 2,484 27,389 74,398

2017 Total Households 2,695 30,379 81,787

2022 Total Households 2,845 32,564 87,038

2017 Average Household Size 2.62 2.65 2.55

2000 Owner Occupied Housing 1,510 14,011 42,254

2000 Renter Occupied Housing 1,216 9,317 22,040

2017 Owner Occupied Housing 1,306 16,333 46,936

2017 Renter Occupied Housing 1,389 14,046 34,851

2017 Vacant Housing 491 3,470 7,806

2017 Total Housing 3,186 33,849 89,593

2022 Owner Occupied Housing 1,438 17,989 50,986

2022 Renter Occupied Housing 1,407 14,576 36,052

2022 Vacant Housing 507 3,310 7,404

2022 Total Housing 3,352 35,874 94,442

2017-2022: Households: Growth Rate 5.45 % 7.00 % 6.25 %

Source: esri

Denny's Demographic Charts | 09

1 Mile Radius 3 Mile Radius 5 Mile Radius

2017 Household Income

1 Mile Radius 3 Mile Radius 5 Mile Radius

2017 Population by Race

Andrew Thomas Knight

860-648-1600License # BK 3287452 / CQ1046052

Steven DavisManaging Member 480-429-4580 License # 101032000steven@retail1031.com

Exclusively Marketed by:Mark McLooneSenior Associate 480-429-4580 License # 673250000 mark@retail1031.com NECBinc@gmail.com

8255 East Raintree Drive Suite 100, Scottsdale, AZ 85260