ACTUAL SITE

SPARTANBURGSOUTH CAROLINA

SINGLETENANT

___________________

INVESTMENT OPPORTUNITY

EXCLUSIVELY MARKETED BY

ACTUAL SITE

Broker of Record: Ray Uttenhove, SRS Real Estate Partners SC License No. 62618

SAM HANNA | SENIOR VICE PRESIDENTSRS NATIONAL NET LEASE GROUP

3131 Camino Del Rio N. Suite 310 | San Diego, California 92108 D: 619.489.9003 | C: 619.884.4875

Sam.Hanna@srsre.com | CA License No. 01242719

BRITT RAYMOND | FIRST VICE PRESIDENTSRS NATIONAL NET LEASE GROUP

366 Madison Avenue, 5th Floor | New York, NY 10017DL: 929.229.2614 | M: 704.517.4712

Britt.Raymond@srsre.com | NY License No. 10401234463

KYLE FANT | SENIOR ASSOCIATESRS NATIONAL NET LEASE GROUP

366 Madison Avenue, 5th Floor | New York, NY 10017DL: 929.229.2613 | M: 973.632.1386

Kyle.Fant@srsre.com | NY License No. 10401281546

TABLE OF CONTENTS

4INVESTMENT SUMMARY

OFFERING SUMMARY | INVESTMENT HIGHLIGHTS

7PROPERTY OVERVIEW

AERIALS | SITE PLAN | LOCATION MAP

13AREA OVERVIEW

DEMOGRAPHICS

15FINANCIALS

RENT ROLL | BRAND PROFILE

ACTUAL SITE

4 | INVESTMENT SUMMARY | SRS NATIONAL NET LEASE GROUP .

INVESTMENT SUMMARY

ACTUAL SITE

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building) in a net leased, single tenant, MEDcare Urgent Care investment property located in Spartanburg, SC. The tenant, UCG South Carolina, LLC dba MEDcare Urgent Care, has 11 years remaining on their lease with 1 (15-year) option period to extend. The lease features 5% rental increases in May 2020 and 2025, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to the maintenance and repair of the exterior walls and foundation of the building. Urgent Care Group, a Nashville-based urgent care company, recently acquired MEDcare Urgent Care and now owns and operates all of their 7 locations across South Carolina. Urgent Care Group serves as a well-recognized brand with 36 locations across four states.

The MEDcare Urgent Care is strategically positioned at the signalized, hard corner intersection of East Wood St and East Pearl Street (11,700 combined VPD), and just off US Highway 176 (34,600 VPD), a major thoroughfare connecting Spartanburg with the state’s capital Columbia. The asset is ideally located adjacent to the Spartanburg Medical Center (540 Beds), a regional research and teaching hospital with over 6,500 employees, providing a direct consumer base to draw from. Additionally, the site is in close proximity to national/credit tenants including Food Lion, CVS Pharmacy, Rite Aid, Big Lots, Dollar General, Family Dollar, and more, increasing consumer draw and promoting crossover traffic to the subject property. The 5-mile trade area is supported by a dense population of over 96,800 residents with an average household income of $56,451.

RENTABLE AREA: 7,000 SF

LAND AREA: 0.86 Acres

PROPERTY ADDRESS: 301 E. Wood Street, Spartanburg, SC 29303

YEAR BUILT: 2015

PARCEL NUMBER: 7-08-14-026.00

OWNERSHIP: Fee Simple (Land and Building)

PROPERTY SPECIFICATIONS

5 | OFFERING HIGHLIGHTS | SRS NATIONAL NET LEASE GROUP .

ACTUAL SITE

OFFERING SUMMARY

PRICING: $3,257,000

NET OPERATING INCOME: $228,000

CAP RATE: 7.00%

TENANT: UCG South Carolina, LLC

LEASE TYPE: NNN

LANDLORD RESPONSIBILITIES: Exterior Walls and Foundation

OFFERING

6 | INVESTMENT HIGHLIGHTS | SRS NATIONAL NET LEASE GROUP .

INVESTMENT HIGHLIGHTS

ACTUAL SITE

11 YEARS REMAINING ON LEASE | RENTAL INCREASES | RECENTLY ACQUIRED BY URGENT CARE GROUP

• The tenant has 11 years remaining on their lease with 1 (15-year) option to extend• Features 5% rental increases in May 2020 and 2025• Urgent Care Group, a Nashville-based urgent care company, recently acquired MEDcare

Urgent Care and now owns and operates all 7 of their locations across South Carolina• Urgent Care Group serves as a well-recognized brand with 36 locations across four states

NNN LEASE | FEE SIMPLE OWNERSHIP | MINIMAL LANDLORD RESPONSIBILITIES• Tenant pays for CAM, taxes, and insurance• Landlord responsibilities limited to the maintenance and repair of the exterior walls

and foundation of the building

SIGNALIZED, HARD CORNER INTERSECTION | US HIGHWAY 176 (34,600 VPD) | EXCELLENT VISIBILITY & ACCESS

• MEDcare Urgent Care is strategically located at the signalized, hard corner intersection of E Wood St and E Pearl Street with 11,700 combined vehicles passing by daily

• Just off US Highway 176 (34,600 VPD), a major thoroughfare connecting Spartanburg with the state’s capital, Columbia

• Convenient location with excellent visibility and access

ADJACENT TO THE SPARTANBURG MEDICAL CENTER (540 BEDS) | NEARBY NATIONAL/CREDIT TENANTS

• Ideally positioned adjacent to the Spartanburg Medical Center (540 Beds), a regional research and teaching hospital with over 6,500 employees

• Close proximity to national/credit tenants including Food Lion, CVS Pharmacy, Rite Aid, Big Lots, Dollar General, Family Dollar, and more

• Increases consumer draw and promotes crossover traffic in the subject trade area

NEXT TO WOFFORD COLLEGE | STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA• The asset is just a quarter mile from Wofford College (1,683 Students), a highly rated

private, Christian college located on a 175-acre campus• More than 96,800 residents and nearly 79,400 employees support the trade area• $56,451 average household income

7 | PROPERTY OVERVIEW | SRS NATIONAL NET LEASE GROUP .

PARCEL MAP

PROPERTY OVERVIEW

ACTUAL SITE

ACCESS

TRAFFIC COUNTS

IMPROVEMENTS

PARKING

YEAR BUILT

PARCEL

ZONING

Cummings Street: .............................................................................. 1 Access Point

E. Wood Street: ..........................................................................6,900 Cars Per DayN. Pine Street/ U.S. Highway 176/ State Highway 9: .................34,600 Cars Per Day

There is approximately 7,000 SF of existing building area.

There are approximately 34 parking spaces on the owned parcel. The parking ratio is approximately 4.86 stalls per 1,000 SF of leasable area.

2015

Parcel Number: 7-08-14-026.00 Acres: 0.86 Square Feet: 43,548 SF

Commercial

E. Wood St.

U.S. Highway 176

McCr

avy D

r.

E. Pe

arl S

t.7,700

CARS PER DAY

11,700CARS PER DAY

34,600CARS PER DAY

34,600CARS PER DAY

6,900CARS PER DAY

E. Wood St.

E Pearl St.

U.S. Highway 176

Spartanburg Medical Center

(540 Beds)

19,400CARS PER DAY

34,600CARS PER DAY

7,700CARS PER DAY

24,200CARS PER DAY

6,900CARS PER DAY

Spartanburg Medical Center

(540 Beds)

PINEWOOD SHOPPING CENTER

Wofford College175-Acres

(1,683 Students)

E. Wood St.

U.S Hi

ghwa

y 221

State Highway 56

McCra

vy Dr

.

U.S. Highway 176

E. Pea

rl St.

4,800CARS PER DAY

11,700CARS PER DAY

E. WOOD ST. - 6,900 VPD

CUMMINGS ST.

E. PE

ARL S

T. - 4

,800 V

PD

CHARLOTTE

ATLANTA

1 Hr 17 Minutes | 74 Miles To Charlotte

2 Hr 28 Minutes | 174 Miles To Atlanta

2018 ESTIMATED POPULATION1 Mile ........................................................... 6,201 3 Mile ......................................................... 45,8245 Mile ......................................................... 96,870

2018 AVERAGE HOUSEHOLD INCOME1 Mile ........................................................$38,367 3 Mile ........................................................$51,0065 Mile ........................................................$56,451

2018 ESTIMATED TOTAL EMPLOYEES1 Mile ......................................................... 19,8933 Mile ......................................................... 51,4205 Mile ......................................................... 79,379SPARTANBURG

Spartanburg, South CarolinaSpartanburg, South Carolina is located near the foothills of the beautiful Blue Ridge Mountains. The City of approximately 40,000, which is part of a county of approximately 275,000, is conveniently situated at the junction of I-26 and I-85. The area of the City covers approximately 20 square miles. Although the City is restricted in its ability to expand, it draws on a population of nearly 750,000 within a 30-mile radius. The City of Spartanburg had a population of 39,018 as of July 1, 2018.

Spartanburg is also home to the world headquarters and research facility for Milliken & Company, a textile and chemical manufacturer. Strong hospitality tax results indicate that the City’s role as a commercial and entertainment hub for the region continues to be a source of strength. Likewise we see increases in commercial development activity in the downtown and along significant commercial corridors, which bodes well for tax base growth in future years. Downtown residential and employment numbers continue to move in a positive direction. Those factors combined with several larger employment announcements within the region support the belief that demand for residential properties in city neighborhoods is also poised for growth. Numerous other smaller businesses such as RJ Rockers Brewing Company have also moved downtown as a result of this community-wide effort.

Spartanburg County’s healthcare is mainly provided by the Spartanburg Regional Healthcare System. Spartanburg Regional is a public, not-for-profit, integrated health care delivery system based in the Spartanburg Regional Medical Center, a 540-bed teaching and research hospital. SRHS provides healthcare services to a five-county area in North and South Carolina, serving an Upstate medical population of more than 300,000 people. In 1925, Dr. Hugh Ratchford Black opened a 35-bed facility named in honor of his wife, Mary Black. The current Skylyn Drive facility opened in 1968, and today, the campus features a 353,690-square-foot modern medical facility. The medical staff consists of more than 350 physicians representing all specialties. Mary Black Physician Group has over 100 employed physicians in more than 30 locations.

The city is served by the Greenville-Spartanburg International Airport and the Spartanburg Downtown Memorial Airport. The Spartanburg Area Regional Transit Agency serves the region. Amtrak Crescent train provides transportation from the city to numerous large metropolitan areas. The city is home to the University of South Carolina Upstate, Converse College, Spartanburg Methodist College, Spartanburg Community College and Wofford College.

The city’s nearby attractions are The Chapman Cultural Center features history, dance, art, music, theatre and science. The Showroom contains a gallery, stage and concert venue. The Spartanburg Memorial Auditorium offers well known performers. Lawson’s Fort Creek features waterfalls and woodlands. The Cottonwood Trail offers a wide variety of wildlife. Hatcher Garden Woodland Preserve showcases a noteworthy flower garden and a large variety of birds and other types of wildlife and Walnut Grove Plantation.

13 | AREA OVERVIEW | SRS NATIONAL NET LEASE GROUP .

AREA OVERVIEW

14 | AREA DEMOGRAPHICS | SRS NATIONAL NET LEASE GROUP .

AREA DEMOGRAPHICSDEMOGRAPHICS 1 MILE 3 MILES 5 MILES

2018 Estimated Population 6,201 45,824 96,8702023 Projected Population 6,370 47,845 101,4632010 Census Population 5,964 43,003 89,692Projected Annual Growth 2018 to 2023 0.54% 0.87% 0.93%Historical Annual Growth 2010 to 2018 0.47% 0.77% 0.94%

2018 Estimated Households 1,997 17,819 38,3372023 Projected Households 2,074 18,660 40,1732010 Census Households 1,933 16,765 35,684Projected Annual Growth 2018 to 2023 0.76% 0.93% 0.94%Historical Annual Growth 2010 to 2018 0.40% 0.74% 0.87%

2018 Estimated White 53.62% 48.36% 57.51%2018 Estimated Black or African American 40.01% 44.02% 34.32%2018 Estimated Asian or Pacific Islander 1.92% 1.58% 2.61%2018 Estimated American Indian or Native Alaskan 0.34% 0.34% 0.33%2018 Estimated Other Races 1.90% 4.33% 4.58%2018 Estimated Hispanic 5.26% 8.16% 8.87%

2018 Estimated Average Household Income $38,367 $51,006 $56,4512018 Estimated Median Household Income $24,432 $33,546 $40,0902018 Estimated Per Capita Income $15,405 $21,573 $23,320

2018 Estimated Total Businesses 481 2,632 4,6782018 Estimated Total Employees 19,893 51,420 79,379

RENT ROLL

15 | RENT ROLL | SRS NATIONAL NET LEASE GROUP .

FINANCIAL INFORMATION PROPERTY SPECIFICATIONS

ACTUAL SITE

Price: ..................................................................................................................................$3,257,000Net Operating Income: ..........................................................................................................$228,000Cap Rate: ....................................................................................................................................7.00%Lease Type:...................................................................................................................................NNN

Year Built: .....................................................................................................................................2015Rentable Area: ........................................................................................................................ 7,000 SFLand Area: ........................................................................................................................... 0.86 AcresAddress: .......................................................................... 301 E. Wood Street, Spartanburg, SC 29303

For financing options and loan quotes, please contact our SRS Debt & Equity team at debtequity-npb@srsre.com.

LEASE TERM RENTAL RATES

TENANT NAME SQUARE FEET LEASE START LEASE END BEGIN INCREASE MONTHLY PSF ANNUALLY PSF RECOVERY TYPE OPTIONSUCG South Carolina LLC 7,000 04/27/2015 04/30/2030 Current - $19,000 $2.71 $228,000 $32.57 NNN 1 (15-Year)

5/1/2020 5% $19,950 $2.85 $239,400 $34.20 Option at

5/1/2025 5% $20,948 $2.99 $251,370 $35.91 Fair Market Value

MEDCARE URGENT CAREMEDcare Urgent Care was originally founded in 2007 in North Charleston, South Carolina with the goal of providing affordable care to patients with busy schedules. Over the past decade, they have opened 6 additional centers across South Carolina to better serve the community. With urgent care centers in Anderson, Spartanburg, Columbia, and Charleston, the number one goal is to provide reliable and effective healthcare to the citizens of the Palmetto State.

URGENT CARE GROUPBased in Nashville, Urgent Care Group (UCG) is creating the leading urgent care company by combining the best urgent care centers resulting in significant economies of scale, greater operating efficiencies, and enhanced clinical quality. We are focused on markets/geographies with growing populations that utilize urgent care where we can become a leader by acquiring and/or developing new centers in partnership with leading urgent care providers and health systems.

16 | BRAND PROFILE | SRS NATIONAL NET LEASE GROUP .

BRAND PROFILE

ACTUAL SITE

1000+PROPERTIES CURRENTLY

REPRESENTED

$2.6B*TRANSACTION VALUE

600+CLIENTS REPRESENTED

IN 2016

250+BROKERS,

PROFESSIONALS,AND STAFF

#1LARGEST REAL ESTATE FIRM

EXCLUSIVELY DEDICATED TO RETAIL SERVICES IN NORTH AMERICA

20+OFFICES

*STATISTICS ARE FOR 2017.

SRS GLOBAL STATS

This Offering Memorandum has been prepared by SRS National Net Lease Group (SRS) and has been approved for distribution by the owner. Although effort has been made to provide accurate information, neither the owner nor SRS can warrant or represent accuracy or completeness of the materials presented herein or in any other written or oral communications transmitted or made available to the purchaser. Many documents have been referred to in summary form and these summaries do not purport to represent or constitute a legal analysis of the contents of the applicable documents. Neither owner nor SRS represents that this offering summary is all inclusive or contains all of the information a purchaser may require. All of the financial projections and/or conclusions presented herein are provided strictly for reference purposes and have been developed based upon assumptions and conditions in effect at the time the evaluations were undertaken. They do not purport to reflect changes in the economic performance of the property or the business activities of the owner since the date of preparation of this Offering Memorandum. The projected economic performance of the property, competitive submarket conditions, and selected economic and demographic statistics may have changed subsequent to the preparation of the package. Qualified purchasers are urged to inspect the property and undertake their own independent evaluation of the property, the market and the surrounding competitive environment.

ACTUAL SITE