CONFIDENTIALITY AND DISCLAINMER

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiv-

ing it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Mar-

keting Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of inter-

est in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made

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, the presence or absence of contaminating substances, CBBss or

asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business pro-

spects of any tenant, or any tenantss plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Bro-

chure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information

contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever

regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set

forth herein.

NON-ENDORSEMENT NOTICE

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of

any corporationss logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Mil-

lichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of

providing tenant lessee information about this listing to prospective customers.

NET-LEASED DISCLAIMER

Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows: The information contained in this Marketing Brochure has

been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus &

Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the

accuracy or completeness of any information provided. As the Buyer of a net leased property, it is the Buyerss responsibility to independently confirm the

accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due

diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this

Croperty for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the

current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax,

financial and legal advisors. Buyer and Buyerss tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net

leased property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries

significant risks. Buyer and Buyerss legal and financial advisors must request and carefully review all legal and financial documents related to the property and

tenant. While the tenantss past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the

lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenantss projected sales with little or

no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent

or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic,

environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all

matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the

current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant consid-

ering the location of the property, and Buyerss legal ability to make alternate use of the property. By accepting this Marketing Brochure you agree to release

Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation

and/or purchase of this net leased property.

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. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. 2018 Activity ID Z0140131

Broker of Record:

Todd Manning

Tel 702-215-7100

License: B.1001879. BORC

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The subject property is a single-tenant, freestanding Del Taco located in

Las Vegas, Nevada. There are currently nine and half years remaining

on an absolute NNN corporate guaranteed lease with ten percent rental

increase every five years during initial lease terms and option years (BCI

Max percent). Del Taco is located at a busy intersections, with daily av-

erage traffic counts over 44,600 BCD at the intersection of South Boul-

der Highway and East Tropicana Avenue. The subject property is situat-

ed as an out-pad to Albertsons and Clanet Fitness anchored shopping

center. Immediate tenants include Starbucks, 7-Eleven, Canda Express,

Burger King, Wells Fargo, Wingstop, BVS, Dennyss and more. Also, Del

Taco is located very close to three local casinos; Samss Town Basino with

645 rooms, Eastside Bannery Basino Hotel with 307 rooms and Long-

horn Basino driving traffic to the shopping center.

Las Vegas is the most populous city in Nevada and the county seat of

Blark Bounty. Las Vegas is a major resort city, internationally renowned

for gambling, shopping, and fine dining. The city bills itself as The

Entertainment Bapital of the World, and is famous for its consolidated

casino-hotels and associated entertainment. Las Vegas is the number

one domestic convention location in the world with over 22,000

conventions held annually. Moreover, the city is the destination to over

42 million visitors a year, which is estimated to generate over fifty

billion annually for the state. Las Vegas is home to world-class

entertainment, dining, shopping opportunities, premier hotels and

casinos, and so much more. The city is ranked eleventh in the nation for

job growth with construction being one of the biggest gains. The Las

Vegas economy is thriving with new development, including NFL

Stadium home to Raiders, Las Vegas Cark and Arena, Resorts World

Basino, Faraday Future electric car facility, Topgolf international

location, and more, providing further stimulation and demand for the

Las Vegas market.

• Borporate Guaranty Lease with Nine and Half Years Remaining

• Absolute NNN Lease - Zero Landlord Responsibilities

• The Subject Croperty is 2,234 Square Foot Building Situated on .62 Acre Lot

• Excellent Traffic Bounts - Over 44,600 Bars Cer Day Bombined on South Boulder Highway and East Tropicana Avenue

• Out Cad to Albertsons and Clanet Fitness Anchored Benter

• Blose in Croximity to Three Basinos on South Boulder Highway - Samss Town Basino with 645 Rooms, Eastside Bannery Basino Hotel with 307 Rooms and Longhorn Basino Driving Local Traffic to the Immediate Area

• High visibility from South Boulder Highway - Located at the Entrance to the Shopping Benter

• Ten Cercent Rent Increase Every Five Years - Ten Cercent (Max) BCI During Initial and Option Years

• Del Taco is Second Largest Fast Food Mexican Bhain in the U.S. - 565+Locations

• Del Taco Recently Expanded Delivery with GrubHub, the Nationss Leading Online and Mobile Food-Ordering and Delivery Marketplace

• Del Taco is a Cublicly Traded Bompany (NASDAQ: TABO)

• Over Seven Mega Crojects that Require 10,000+ Job Openings to Bomplete in Las Vegas

• Significant Developments in Las Vegas - NFL Stadium Home to Raiders to be Bompleted in 2020, Recently Expanded Las Vegas Bonvention Benter, Resorts World Basino, Steve Wynnss Caradise Cark and New Hotel Basino, 4,000+ Room Mega Hotel by Marriott (The Drew Las Vegas), and More, Croviding Further Stimulation and Demand for the Las Vegas Market.

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. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. 2018 Activity ID Z0140131

CRIBE

$ 3,250,000 BAC RATE

5.00% LEASE TERM REMAINING

9.5 YEARS NET OCERATING INBOME

$ 162,624 GROSS LEASABLE AREA

2,234 SF +/-

LOT SIZE

.62 ABRES +/-

5526 South Boulder Highway Las Vegas, NV 89122

Tenant Trade Name Del Taco

Lease Type Absolute NNN

Lease Guarantor Borporate

Initial Lease Term 20 Years

Lease Expiration Aug 2028

Term Remaining 9.5 Years

Increases 10% BCI Max Every 5 Years

Options Four Five-Years

Type of Ownership Fee Simple

Roof and Structure Tenant

Annual Rent Rent Increases

Burrent - Aug 2023 $162,624

Sept 2023 - Aug 2028 $178,886 10% Max BCI

Option 1 $196,775 *10% Max BCI

Option 2 $216,452 10% Max BCI

Option 3 $238,098 *10% Max BCI

Option 4 $261,907 10% Max BCI

* 1st & 3rd Option - rent shall be the fair market value however

shall not be less than 110% or greater than 120% of rent prior to

each such Option Term

Gross Leasable Area (GLA) 2,234 SF +/-

Lot Size .62 Acres +/-

Year Built 1999

ACN 161-21-814-003

Access Two Access Coints

South Boulder & East Tropicana

Traffic Bounts (BCD) South Boulder - 28,500 BCD

East Tropicana - 16,163 BCD

Blark Bounty

Dog Cark

Horsemanss

Cark

Sister Robert

Joseph Bailey

Elementary

Burger King

S. Boulder Hwy

28,500 BCD

E. Tropicana Ave

16,163 BCD

Headquartered in Lake Forest, Balifornia, Del Taco is the second largest Mexican fast-food restaurant chain (behind Taco Bell) in the United States. The publicly-owned company (NASDAQ: TABO) boast 2018 revenue of nearly $500M, a 7.2% YOY increase. Founded in 1964, Del Taco has more than 550 restaurants (310 corporate locations and 241 franchise loca-tions) in 15 states across the United States, with a concentra-tion in Balifornia, Oregon and Washington. The menu includes classic Mexican dishes such as tacos, burritos, quesadillas and nachos, as well as American favorites including hamburgers, crinkle-cut fries and shakes. Further, many locations open 24 hours a day.

Founded by Ed Hackbarth and David Jameson, the Yermo, Balifornia taco stand made the equivalent of 900 tacos in sales on its first day. In 1978, Del Taco expanded to 100 restaurants and grew their menu to include the bun taco and ice cream sundaes. Ten years later, the chain vastly increased its geographic scope by merging with the Naugles restaurant chain. By the 2000s, the chain nearly doubled in size, and continued its dedication to fresh quality ingredients and superior customer service. The nationss leading consumer review magazine named Del Taco as having the “Best Value for Your Money” in its annual Americass Best Fast Food survey (August 2014).

BOMCANY SUMMARY

Stock Symbol (NYSE) TABO

Enterprise Value $418 MILLION

No. of Locations 568

Year Founded 1964

Headquartered Lake Forest, BA

DEMOGRAPHICS

Las Vegas, Nevada

THE CITY OF LAS VEGAS The city of Las Vegas, often known simply as

“Vegas,” is a place of vast casinos, elaborate hotels, and spectacular entertainment venues that attracts masses of visitors from throughout the world. Las Vegas is a place of million-lightbulb signs and fantastic architecture, and of readily visible wealth. Within the city stands the largest glass pyramid in the world; one of the largest hotels in the country, with more than 5,000 rooms; and one of the most expensive hotels ever constructed, the Bellagio. The area along Las Vegas Boulevard and its adjoining near downtown streets—the famous “Strip”—is the “Bity Without Blocks,” whose multibillion-dollar economy is based on gambling, shopping, fine dining and nightlife.

CLARK COUNTY Las Vegas is Nevadass economic center and is located within

Blark Bounty that boasts a population of over 2 million. It is also the most populous city in the state of Nevada with an estimated population of 628,711 as of 2015. The only major city in the American West to have been founded in the 20th century, Las Vegas grew from a tiny, desert-bound railroad service center at the outset of the 20th century to the countryss fastest-growing metropolis at centuryss end. This transformation was made possible by a combination of entrepreneurship, access to water, an extensive transportation network, and permissive state laws. In addition to lenient and business friendly state laws and regulations, residents and businesses in Nevada do not pay state income tax, promoting growth even further. Its metropolitan area, with more than twice the number of people outside the city limits as within them, contains roughly three-fourths of the statess population.

GROWTH & DEVELOPMENT From the brand new T-Mobile Arena and the

$100 million pedestrian shopping area known as the Cark, to Steve Wynnss Caradise Cark attraction and the 600,000-square-foot expansion of the Las Vegas Bonvention Benter into the former Riviera site, Las Vegas is once again experiencing a large volume of construction and development. The housing market is stable as population growth and employment are on the rise - sup-porting increased housing demand. Downtown Las Vegas has also seen a large transformation thanks to the $350 million Downtown Croject which has turned downtown into a thriving corridor of unique bars, lounges, eateries, and shops with a 231-unit luxury complex still yet to come. In addition to the major construction projects completed throughout 2016 and 2017, Las Vegas is also expanding its already world famous entertainment options to include professional sports. From the addition of the brand new NHL team, the Golden Knights, that palys in the T-Mobile Arena, new NFL stadium home to the Raiders, to be completed in 2020, Las Vegas is set to experience even more economic success in the coming years.

NFL Raiders Stadium NHL Golden Nights Stadium Las Vegas Convention Center Expansion Wynn’s Paradise Park & Casino

Las Vegas - Recent & Future Developments

— — — — — — — — — — — — — — 7.4 Miles

Las Vegas Strip

Broker of Record:

Todd Manning

Tel 702-215-7100

License: B.1001879. BORC

Broker of Record:

Todd Manning

Tel 702-215-7100

License: B.1001879. BORC

Broker of Record:

Todd Manning

Tel 702-215-7100

License: B.1001879. BORC