OFFERING MEMORANDUM Absolute Triple Net (NNN) Lease Investment Opportunity

405 Pass Road | Gulfport, MS 39507Google Image

FORMER AARON’S RENTS

03 INVESTMENT SUMMARY• Investment Summary• Investment Highlights

05 AREA OVERVIEW• Location Map• Aerial & Retail Maps

08 CITY OVERVIEW• Gulfport, MS

09 LEASE ABSTRACT• Lease Summary• Rent Roll

Exclusively Marketed By: Sands Investment Group

© 2018 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. Sands InvestmentGroup does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is theresponsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and completeness.Any and all projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurancethese projections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potentialinterested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction.

Ashley SayeLic. # 01955010

424.334.0750 | DIRECTashley@SIGnnn.com

In Cooperation with JDS Real Estate Services, Inc., LLCBoR: Jennifer D. Stein – Lic # 21201

Kaveh EbrahimiLic. # 01896322

310.853.1426 | DIRECTkaveh@SIGnnn.com

FORMER AARON’S RENTS

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PROPERTY SUMMARY

ADDRESS 405 Pass Road

Gulfport, MS 39507

COUNTY Harrison

BUILDING AREA 8,020 SF

LAND AREA 1.06 Acres

BUILT 1974

OFFERING SUMMARY

PRICE $682,000

CAP 8.00%

NOI $54,547

PRICE PER SF $85.04

YEARS REMAINING 3+ Years

LEASE GUARANTY Corporate

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Investment Summary

CorporateGuarantee

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• Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities

• Short Lease Term with the Opportunity to Reposition and Subdivide Into Multiple Businesses

• Corporate Guarantee with Aaron’s Rents – Currently Sublet to Christ Cathedral for the Remainder of theLease

• Tenant Has Completed Upgrades at Their Own Expense

• The Building is Located at a Signalized Corner on Pass Road with Excellent Visibility, High Traffic Counts, andPlenty of Parking

• Great Access to the Property with 3 Points of Ingress and Egress

• Located Blocks Away from Gulfport-Biloxi International Airport, Pass Road Elementary School, Gulfport HighSchool, Herbert Wilson Recreation Center, Lynn Meadows Discovery Center, Gulfport Visitor Center and theBeach

• Located in Gulfport which is the Second Largest City in Mississippi After the State Capital, Jackson

FORMER AARON’S RENTS

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Gulfport Veterinary Hospital

Mississippi Coast Model Railroad Museum

STREET/CROSS ROAD AVERAGE VEHICLES PER DAY

Pass Road 19,000

Courthouse Rd 13,000

FORMER AARON’S RENTS

SUBJECT PROPERTY DEMOGRAPHICS

3 Mile 5 Mile 10 Mile

Population 29,435 67,397 156,390

Average Household Income $54,213 $50,492 $57,432

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Gulfport High School

Pass Road Elementary School

Herbert Wilson Recreation Center

Gulfport Visitors Center

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GULFPORT, MSABOUT THE CITY

Gulfport is the second largest city in Mississippi after the state capital, Jackson. Gulfport had apopulation of 72,076 in 2016. It is the larger of the two principal cities of the Gulfport-Biloxi,Mississippi Metropolitan Statistical Area, which is included in the Gulfport-Biloxi-Pascagoula,Mississippi Combined Statistical Area. Gulfport is also home to the U.S Navy Atlantic Fleet Seabees.The Gulf Park Campus of the University of Southern Mississippi is located in Long Beach, just westof Gulfport.

ECONOMY

From its beginnings as a lumber port, Gulfport evolved into a diversified city. With about 6.7 milesof white sand beaches along the Gulf of Mexico, Gulfport has become a tourism destination, due inlarge part to Mississippi's Coast Casinos. Gulfport has served as host to popular cultural events suchas the "World's Largest Fishing Rodeo," "Cruisin' the Coast" (a week of classic cars), and "Smokin'the Sound" (speedboat races). Gulfport is a thriving residential community with a strong mercantilecenter. There are historic neighborhoods and home sites, as well as diverse shopping opportunitiesand several motels scattered throughout to accommodate golfing, gambling, and water-sporttourism.

CULTURE & CONTEMPORARY LIFE

Gulfport is located along the beautiful Gulf of Mexico. Whether you’re looking to enjoy a beachvacation or spend your time out on the gambling floors of casinos, there’s plenty to do to keep youbusy. Jones Park has a waterfront promenade and marina. The Mississippi Coast Model RailroadMuseum features miniature train exhibits. The Lynn Meadows Discovery Center offers interactivescience displays and an indoor playground. Many residents like to canoe on the Wolf River. Thisriver is calm and preserved for over 100 miles, so you won’t see any construction on its banks, butyou will see birds flying throughout and turtles basking in the sun on logs.

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TLEASE SUMMARY

TENANT Aaron’s Rents

PREMISESA Building of Approximately

8,020 SF

LEASE COMMENCEMENT August 1, 2006

LEASE EXPIRATION July 31, 2021

LEASE TERM REMAINING 3+ Years

RENEWAL OPTIONS 1 x 5 Year

RENT INCREASES 10% Every 5 Years

LEASE TYPE Absolute Triple Net (NNN)

USE Furniture Rentals

PROPERTY TAXES Tenant’s Responsibility

INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Tenant’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility

UTILITIES Tenant’s Responsibility

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ANNUAL BASE RENT

RENT / SF

INCREASE DATES

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OPTIONS

Aaron’s Rents 8,020 SF 100% $54,547 $6.80 10% Every 5 Years 08/01/2006 07/31/2021 1 x 5 Year

The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewedonly by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without thewritten consent of Sands Investment Group.

This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establishonly a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence 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 andsquare footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, thecompliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or businessprospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.

The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, SandsInvestment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conductedany investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completenessof the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

By receipt of this Memorandum, you agree that this Memorandum and its contentsare of confidential nature, that you will hold and treat it in the strictest confidence andthat you will not disclose its contents in any manner detrimental to the interest of theOwner. You also agree that by accepting this Memorandum you agree to releaseSands Investment Group and hold it harmless from any kind of claim, cost, expense,or liability arising out of your investigation and/or purchase of this property.

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Exclusively Marketed By:

Sands Investment Group2701 Ocean Park Blvd, Suite 140

Santa Monica, CA 90405844.4.SIG.NNN

www.SIGnnn.com

Ashley SayeLic. # 01955010

424.334.0750 | DIRECTashley@SIGnnn.com

In Cooperation with JDS Real Estate Services, Inc., LLCBoR: Jennifer D. Stein – Lic # 21201

Kaveh EbrahimiLic. # 01896322

310.853.1426 | DIRECTkaveh@SIGnnn.com

FORMER AARON’S RENTS