3002 Clark Ave
Cleveland, OH 44109

INVESTMENT GRADE TENANT • AutoZone is a publicly traded (NYSE: ZO) Fortune 500 Company and currently holds an investment grade credit rating of BBB with S&P. • #2 auto parts retailer with 6,000+ locations in the United States with 40 new locations expected in 2019. • AutoZone has been in business for 39 years and has a current net worth of over $22.9B. CORPORATE NN GROUND LEASE WITH INCREASES • 20-year NN ground lease with 11 + years remaining and 10% rent increases in each of the four, 5-year options. • Tenant is responsible for taxes, CAM, roof, and structure. Landlord is responsible for property insurance. CLEVELAND • Cleveland is the second-largest city in Ohio with a Metro Population of 2 million people. • Cleveland is part of the larger Cleveland-Akron-Canton, OH Combined Statistical Area, which has a population in excess of 3,500,000 people and is ranked as the country’s 15th largest CSA. • Cleveland attracted over 19.2 million tourists last year and is home to the Rock and Roll Hall of Fame. • Cleveland’s economy has diversified sectors that include manufacturing, financial services, healthcare, and biomedical industries. Applied Industrial, Progressive Insurance, Parker Hannifin, Sherwin-Williams, TravelCenters of America (TA), and KeyCorp have headquarters in Cleveland. • There are two dozen four-year universities and colleges located within forty miles of Cleveland. Over 170,000 students are currently enrolled in area four-year institutions, the biggest of which are Cleveland State University, Kent State, University of Akron, and Youngstown State University. PRIME METRO LOCATION • Subject property is within half a mile of I-490 (144,695 VPD) and I-71 (118,569 VPD). • 2M Square Feet of retail within a 2-mile radius, which includes Walmart, Home Depot, Target, McDonald’s, Walgreens, and more. • Subject property is less than 1 mile from the MetroHealth System, which recently began a $2M renovation that includes redevelopment of surrounding properties. • 3-mile population is 132,399 and 5-mile population is 305,757. DESIGNATED OPPORTUNITY ZONE • Opportunity Zone Program is an exciting new investment incentive program designed to provide investors with significant tax benefits for investing capital gains in a Qualified Opportunity Fund (QOF). • Investors can defer tax on capital gains invested in a QOF until the earlier of the date when the investment in a QOD is sold or exchanged, or December 31, 2026. • If the QOF investment is held for longer than 5 years, there is a 10% exclusion of the deferred gain. If held for more than 7 years, the 10% becomes 15%. • After holding the QOF investment for 10 years, taxpayers may sell the investment in the QOF at any time before 2048 and exclude the gain resulting from the sale.