FAMILY DOLLAR1168 Whal ley Avenue, New Haven, CT 06515 of RPS Capital Management LLC

� Family Dollar in New Haven, Connecticut 3 MILES WEST OF YALE UNIVERSITY | MORE THAN 12,000 STUDENTS ENROLLED

� Double-Net (NN) Lease MINIMAL LANDLORD RESPONSIBILITIES | FOUR, FIVE YEAR EXTENSION OPTIONS

� Recently Renovated Location ROOF, HVAC AND ELECTRIC SERVICE REPLACED IN 2018 | PARKING LOT AND ENTIRE SUB SURFACE DRAINAGE SYSTEM REPLACED AND BROUGHT UP TO CURRENT ADA STANDARDS.

� Corporate Guaranty | Standard & Poor’s (S&P): BBB SUBSIDIARY OF DOLLAR TREE (NYSE: DLTR)

� Ideally Located Along Whalley Ave. HIGH TRAFFIC THOROUGHFARE SEEING MORE THAN 22,000 VPD

� Dense Retail Corridor MORE THAN 1 MILLION SQUARE FEET OF RETAIL WITHIN 5 MILES OF SUBJECT ASSET

� Significant Capital Commitment to Market MORE THAN $40 MILLION IN DEVELOPMENT PERMITS IN SUBJECT ASSET ZIP CODE

� Strong Demographics MORE THAN 112,000 RESIDENTS WITHIN THREE MILES

� Additional Tenants in the Immediate Vicinity Include: McDonald’s, CVS Pharmacy, Five Guys, Starbucks, Taco Bell, TGI Fridays, Panera Bread, Chipotle Mexican Grill, Burger King, Walgreens and Many More.

O N M A R K E T :F A M I LY D O L L A R I N N E W H A V E N , C O N N E C T I C U T

I N V E S T M E N T H I G H L I G H T S

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

FAMILY DOLLAR | NEW HAVEN, CONNECTICUT

PRICE $1,900,000

CAP RATE 7.00%

NOI $133,000

PRICE PER SQUARE FOOT $193.03

RENT PER SQUARE FOOT $13.51

YEAR BUILT 1960/2018

APPROXIMATE LOT SIZE .69 Acres

GROSS LEASEABLE AREA 9,843 Square Feet

TYPE OF OWNERSHIP Fee Simple

LEASE GUARANTOR Family Dollar Stores, Incorporated (Inc.)

LEASE TYPE Double-Net (NN)

ROOF AND STRUCTURE Landlord Responsibility

F I N A N C I A L O V E R V I E W 1 1 6 8 W H A L L E Y A V E N U EN E W H A V E N , C O N N E C T I C U T 0 6 5 1 5

A N N U A L I Z E D O P E R A T I N G D A T ABASE RENT ANNUAL RENT MONTHLY RENT

6/1/2018 6/30/2028 $133,000.00 $11,083.33OPTIONS

7/1/2028 6/30/2033 $140,800.00 $11,733.337/1/2033 6/30/2038 $147,840.00 $12,320.007/1/2038 6/30/2043 $155,232.00 $12,936.007/1/2043 6/30/2048 $162,993.00 $13,582.75

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

FAMILY DOLLAR | NEW HAVEN, CONNECTICUT

LEASE COMMENCEMENT DATE 6/1/2018

LEASE EXPIRATION DATE 6/30/2028

LEASE TERM 10 Years

TERM REMAINING 9+ Years

INCREASES In Options

OPTIONS TO RENEW 4, 5-Year Options

FIRST RIGHT OF REFUSAL Yes

L E A S E S U M M A RY

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

FAMILY DOLLAR | NEW HAVEN, CONNECTICUT

Family Dollar is an American variety store chain. With over 8,000 locations across the United States, it is the second largest retailer of its type. Family Dollar was headquartered in Matthews, North Carolina, until it was acquired by Dollar Tree and headquarters operations were moved to Chesapeake, Virginia.

For over 50 years, Family Dollar has provided their customers with value and convenience. With the help of their vendor community we’re able to keep our costs low, enabling us to pass those savings down to our customer.

On July 28, 2014, Dollar Tree announced that it would buy Family Dollar for $8.5 billion. The sale delivered a windfall to the company’s biggest shareholder Carl Icahn, who acquired his 9.4 percent stake in June 2014. On January 22, 2015, Family Dollar shareholders approved the Dollar Tree bid.

T E N A N T O V E R V I E W

T E N A N T P R O F I L ETENANT TRADE NAME Family Dollar

OWNERSHIP Wholly Owned Subsidiary of Dollar TreeLEASE GUARANTOR Family Dollar Stores of Ohio, Incorporated

NUMBER OF LOCATIONS 8,000+ LocationsSALES VOLUME $22.2 BillionCREDIT RATING BBB

RATING AGENCY Standard & Poor’sSTOCK SYMBOL DLTR

BOARD NASDAQ

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

FAMILY DOLLAR | NEW HAVEN, CONNECTICUT

New Haven is a coastal city in Connecticut, located on the northern shore of Long Island Sound in New Haven County. The first planned city in America, New Haven has billed itself as the “Cultural Capital of Connecticut.” New Haven is home to Yale University. As New Haven’s biggest taxpayer and employer, Yale serves as an integral part of the city’s economy.

The economy of New Haven employs over 59,000 people, with the largest industries being educational services, healthcare & social assistance, and retail trade. New Haven is connected to New York city and points along the Northeast corridor by commuter rail, regional rail and inter-city rail.

A B O U T N E W H AV E N

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

FAMILY DOLLAR | NEW HAVEN, CONNECTICUT

NEW HAVEN, CONNECTICUT

SOUTHERN CONNECTICUT UNIVERSITY

YALE UNIVERSITY

WEST VILLAGE APARTMENTS

WEST ROCK

WHALLEY AVENUE22,000 VPD

SUBJECT ASSET IS LOCATED ON THE MAIN RETAIL STREET OF THE WESTVILLE NEIGHBORHOOD OF

NEW HAVEN.

THE AREA HAS A GROWING POPULATION AND IS CONSISTENTLY

RANKED AS ONE OF THE BEST NEIGHBORHOODS TO LIVE IN NEW

HAVEN DUE TO PROXIMITY TO DOWNTOWN.

BROKER HEREBY ADVISES ALL PROSPECTIVE PURCHASERS OF NET LEASED PROPERTY AS FOLLOWS:

The i n f o rma t i on con t a i ned i n t he f o l l ow i ng Ma rke t i ng B rochu re i s p rop r i e t a r y and s t r i c t l y con f i den t i a l . I t i s i n t ended t o be r e v i ewed on l y b y t he pa r t y r ece i v i ng i t f r om B roke r and shou l d no t be made a va i l ab l e t o any o t he r pe r son o r en t i t y w i t hou t t he w r i t t en consen t o f B roke r.

Th i s Ma rke t i ng B rochu re has been p repa red t o p ro v i de summar y, unve r i f i ed i n f o rma t i on t o p rospec t i v e pu r chase r s , and t o es t ab l i s h on l y a p re l im i na r y l e ve l o f i n t e r e s t i n t he sub j ec t p rope r t y. The i n f o rma t i on con t a i ned he re i n i s no t a subs t i t u t e f o r a t ho rough due d i l i gence i n ves t i ga t i on . B roke r has no t made any i n ves t i ga t i on , and makes no wa r r an t y o r r ep resen t a t i on , w i t h r e spec t t o t he i ncome o r e xpenses f o r t he sub j ec t p rope r t y, t he f u t u r e p ro j ec t ed f i n anc i a l pe r f o rmance o f t he p rope r t y, t he s i z e and squa re f oo t age o f t he p rope r t y and imp rovemen t s , t he p resence o r absence o f con t am ina t i ng subs t ances , PCB ’s o r a sbes tos , t he comp l i ance w i t h S t a t e and Fede ra l r egu l a t i ons , t he phys i ca l cond i t i on o f t he imp rovemen t s t he reon , o r t he f i n anc i a l cond i t i on o r bus i ness p rospec t s o f an y t enan t , o r an y t enan t ’s p l ans o r i n t en t i ons t o con t i nue i t s occupancy o f t he sub j ec t p rope r t y. The i n f o rma t i on con t a i ned i n t h i s Ma r ke t i ng B rochu re has been ob t a i ned f r om sou rces we be l i e ve t o be r e l i ab l e ; howeve r, B roke r has no t ve r i f i ed , and w i l l no t ve r i f y, an y o f t he i n f o rma t i on con t a i ned he re i n , no r has B roke r conduc ted any i n ves t i ga t i on r ega rd i ng t hese ma t t e r s and makes no wa r r an t y o r r ep resen t a t i on wha t soeve r r ega rd i ng t he accu racy o r comp le t eness o f t he i n f o rma t i on p ro v i ded . A l l po t en t i a l buye r s mus t t a ke app rop r i a t e measu res t o ve r i f y a l l o f t he i n f o rma t i on se t f o r t h he re i n .

NON-ENDORSEMENT NOT ICE

B roke r i s no t a f f i l i a t ed w i t h , sponso red by, o r endo r sed by any commerc i a l t enan t o r l e s see i den t i f i ed i n t h i s ma r ke t i ng package. The p resence o f an y co rpo ra t i on ’s l ogo o r name i s no t i n t ended t o i nd i ca t e o r imp l y a f f i l i a t i on w i t h , o r sponso r sh i p o r endo r semen t b y, sa i d co rpo ra t i on o f B roke r, i t s a f f i l i a t e s o r subs i d i a r i e s , o r an y agen t , p roduc t , se r v i ce, o r commerc i a l l i s t i ng o f B roke r, and i s so l e l y i n c l uded f o r t he pu rpose o f p ro v i d i ng t enan t l e s see i n f o rma t i on abou t t h i s l i s t i ng t o p rospec t i v e cus tome r s .

ALL PROPERTY SHOWINGS ARE BY APPO INTMENT ONLY. PLEASE CONSULT YOUR BROKER AGENT FOR MORE DETA ILS.

EXCLUS IVELY L ISTED BY :

RICHARD DORFMANLICENSED REAL ESTATE SALESPERSONr d o r f m a n @ s a b g r o u p . c o m

t . 6 4 6 . 8 0 9 . 8 8 3 6L I C E N S E # : 1 0 4 0 1 2 7 9 6 9 9 ( N Y )

BROKER OF RECORDA n d r e w T . K n i g h t

New England Commercial Brokerage, Inc. L I C E N S E # : R E B . 0 7 5 6 8 7 2 ( C T )

of RPS Capital Management LLC

I N C O N J U N C T I O N W I T H