OFFERING MEMORANDUM

FIRESTONE 131 S FRANKLIN ST, CHAMBERSBURG, PA 17201

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OFFERING MEMORANDUM | Firestone

PRICING AND FINANCIAL ANALYSIS PROPERTY DESCRIPTION DEMOGRAPHICS

Matthews Retail Group

CONFIDENTIALITY & DISCLAIMER STATEMENTThis Of fer ing Memorandum contains se lec t in format ion per ta in ing to the bus iness and af fa i rs of Firestone located at 131 S Franklin St, Chambersburg, PA 17201 (Proper ty). I t has been prepared by Mat thews Retai l Group . This Of fer ing Memorandum may not be al l - inc lus ive or contain a l l o f the in format ion a prospect ive purchaser may desi re. The in format ion contained in th is Of fer ing Memorandum is conf ident ia l and furn ished sole ly for the purpose of a rev iew by a prospect ive purchaser of the Proper ty. I t i s not to be used for any other purpose or made avai lable to any other person wi thout the wr i t ten consent of Sel le r or Mat thews Retai l Group . The mater ia l i s based in par t upon in format ion suppl ied by the Sel ler and in par t upon f inancia l in format ion obtained f rom sources i t deems re l iable. Owner, nor thei r of f icers, employees, or agents makes any representa t ion or warranty, express or impl ied, as to the accuracy or comple teness of th is Of fer ing Memorandum or any of i t s contents and no legal l iabi l i ty i s assumed or shal l be impl ied wi th respect there to. Prospect ive purchasers should make thei r own projec t ions and form thei r own conclus ions wi thout re l iance upon the mater ia l contained herein and conduct thei r own due di l igence.

By acknowledging your receipt of th is Of fer ing Memorandum for the Proper ty, you agree:

1. The Of fer ing Memorandum and i t s contents are conf ident ia l ;

2. You wi l l ho ld i t and t reat i t in the s t r ic tes t o f conf idence; and

3. You wi l l not , di rec t ly or indi rec t ly, disc lose or permi t anyone e lse to disc lose th is Of fer ing Memorandum or i t s contents in any fashion or manner det r imenta l to the in teres t of the Sel ler.

Owner and Mat thews Retai l Group express ly reser ve the r igh t , a t thei r so le discre t ion, to re jec t any and al l express ions of in teres t or of fers to purchase the Proper ty and to terminate discuss ions wi th any person or ent i ty rev iewing th is Of fer ing Memorandum or making an of fer to purchase the Proper ty un less and unt i l a wr i t ten agreement for the purchase and sale of the Proper ty has been fu l ly executed and del ivered.

I f you wish not to pursue negot ia t ions leading to the acquis i t ion of the Proper ty or in the fu tu re you discont inue such negot ia t ions, then you agree to purge al l mater ia ls re la t ing to th is Proper ty inc luding th is Of fer ing Memorandum.

A prospect ive purchaser s so le and exc lus ive r igh ts wi th respect to th is prospect ive t ransact ion, the Proper ty, or in format ion provided herein or in connect ion wi th the sale of the Proper ty shal l be l imi ted to those express ly provided in an executed Purchase Agreement and shal l be subjec t to the terms thereof. In no event shal l a prospect ive purchaser have any other c la ims agains t Sel le r or Mat thews Retai l Group or any of thei r af f i l ia tes or any of thei r respect ive of f icers, Di rec tors, shareholders, owners, employees, or agents for any damages, l iabi l i ty, or causes of act ion re la t ing to th is so l ic i ta t ion process or the market ing or sa le of the Proper ty.

This Of fer ing Memorandum shal l not be deemed to represent the s ta te of af fa i rs of the Proper ty or cons t i tu te an indicat ion that there has been no change in the s ta te of af fa i rs of the Proper ty s ince the date th is Of fer ing Memorandum.

EXCLUSIVELY L ISTED BY:

Table of ContentsPRICING & FINANCIAL ANALYSIS

Investment Overview .................................................... 2Investments Highlights .................................................. 2Executive Summary ..................................................... 3Company Overview .................................................... 4

PROPERTY DESCRIPTIONPhysical Description ..................................................... 7Tenant Map ................................................................ 8Regional Map ............................................................. 9Birds Eye .................................................................. 10

DEMOGRAPHICSCity Overview |Chambersburg, PA ............................ 12Demographics Report ................................................ 13

Braden CrockettAssociate DIRECT +1.310.919.5814 MOBILE +1.714.345.6206 braden.crockett@matthewsretailgroup.com License No. 01946071

OFFERING MEMORANDUM | FirestoneMatthews Retail Group

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Pricing & Financial Analysis

OFFERING MEMORANDUM | FirestoneP. 2 Matthews Retail Group

PRICING AND FINANCIAL ANALYSIS PROPERTY DESCRIPTION DEMOGRAPHICS

Offered at an attractive 7% cap rate

Low Price Point of $580,000 for a National Tenant

Low Annual Rents for a Tire Store - only $40,620 Annually

Proven Location - Tenant has Operated at this location Since 1996

Survived Post Merger - Firestone demonstrates commitment to this site by exercising option after their acquisition of Expert Tire to solidify their presence in this market

Recent Renovations done to exterior by Tenant at Tenants Expense

Fee Simple Interest in Net Leased Tire Store

Net Leased Investment - Limited Landlord responsibilities

Very Low Rent/SF - Increased security of long term, consistent rents

Guaranteed by Bridgestone Retail operations known under the trade name of Firestone Complete Auto Care

High Volume Store - Consistently fills all 6 bays

Located in the Center of Town

High Quality Service - Excellent Consumer Reviews leads to additional long-term viability of the business

Investments Highlights

Low Rent to Squarefoot Ratio

Low Price/Squarefoot Ratio

Recently Rebranded in July of 2014 as a Firestone Complete Auto Care from Expert Tire - may demonstrate increased commitment to the site

Matthews Retail Group P. 3Firestone | OFFERING MEMORANDUM

PRICING AND FINANCIAL ANALYSIS PROPERTY DESCRIPTION DEMOGRAPHICS

Executive Summary

FIRESTONE131 S FRANKLIN ST CHAMBERSBURG, PA 17201

List Price ............................................................................$580,000Gross Leasable Area .......................................................... 7,126 SFPrice/SF ................................................................................$81.39CAP Rate - Current .................................................................. 7.00%Lot Size ....................................................... 0.52 Acres (22,500 SF)

Annualized Operating DataMonthly Rent Annual Rent Rent/SF CAP Rate

Current - 4/30/2018 $3,385.00 $40,620.00 $5.72 7.00%

Option 1 - 5/1/2018 $3,725.00 $44,700.00 $6.30 7.70%

Option 2 - 5/1/2023 $4,095.00 $49,140.00 $6.92 8.47%

Tenant Summary

Tenant Trade Name Firestone

Type of Ownership Fee Simple

Lease Guarantor Corporate

Lease Type NN

Roof and Structure Landlord Responsible

Original Lease Term 10 Years

Lease Commencement Date May 1, 1996

Rent Commencement Date May 1, 1996

Lease Expiration Date April 30, 2018

Term Remaining on Lease +/- 3 Years

Increases 10% Every Option

Options Two (2) Five (5) Year

OFFERING MEMORANDUM | FirestoneP. 4 Matthews Retail Group

PRICING AND FINANCIAL ANALYSIS PROPERTY DESCRIPTION DEMOGRAPHICS

Consumer Testimony 10 out of 11 - 5 Star Reviews

Source: http://www.firestonecompleteautocare.com/store-detail/22020/131-s-franklin-st-chambersburg-pa-17201-2049/

Matthews Retail Group P. 5Firestone | OFFERING MEMORANDUM

PRICING AND FINANCIAL ANALYSIS PROPERTY DESCRIPTION DEMOGRAPHICS

Lease AbstractTenant Firestone ( Guaranteed by Bridgestone Retail Operations.)Parent Company Bridgestone Corporations of AmericaDate of Lease June 6th, 1996Rent Commencement Date August 1st, 1996

Lease Expiration April 30, 2018Lease Term +/ - 3 Years RemainingRenewal Options Two (2) Five (5) year optionsAnnual Rent Current April 30th, 2018: $40,620

Option Periods:

May 1st 2018 April 30th 2023: $44,700May 1st 2023 April 30th 2028: $49,140.

Real Estate Taxes Tenant Responsible Utilities Tenant Responsible Common Area Expenses Tenant Responsible Insurance (Tenant) Tenant reimburses landlord for InsuranceRepairs & Maintenance (Tenant)

With respect to any major interior maintenance or repairs, Tenant shall be responsible for the first $7,500 per occurrence for such costs and Landlord shall be responsible for the cost in excess of $7,500. (Tenant responsible for electrical plumbing, HVAC, interior and exterior painting, storefront windows, etc. See Section 7 of lease.)

Repairs & Maintenance (Landlord)

Landlord responsible for roof and structure maintainence and repair. Tenant may make repairs under $1,500 which Landlord will be responsible for reimbursement.

Estoppel Within 20 days from request

OFFERING MEMORANDUM | FirestoneP. 6 Matthews Retail Group

PRICING AND FINANCIAL ANALYSIS PROPERTY DESCRIPTION DEMOGRAPHICS

Guarantor Overview

Bridgestone Corporation purchased Firestone in 1988 for $2.6 billion, transform