Enterprise Rent-A-Car Ground Lease NNN Ground Lease

1107 N Grand Ave Dallas/Fort Worth Metroplex

Gainesville, Texas 76240 Hard Corner Location

Contact: Jordan Woolf 26 Miles from nearest Enterprise Location

817.343.7752 | Jordan@ConiferRE.com Low Price Point Investment

List Price 6.50% Major Cross Street

Gross Operating Income Year Built

Landlord Expenses* Rent Commencement

Net Operating Income Initial Term Expiration*

Building Square Feet Land Acres 0.40

1 Mile 2 Mile 3 Mile - 10 year primary term

Population 7,529 14,978 17,460 - Four (4) Five (5) year options

Business Population 3,416 8,612 10,343 - 7.5% Rent increases on options

Average HH Income $49,193 $52,595 $54,508 - No Landlord Responsibility

- Tenant paid for 100% of the remodel costs

and parking lot addition

- Enterprise Rent-A-Car is a subsidiary of Enterprise Holdings (EHI)

- 2017 Revenue was $22.3 Billion

- EHI employs 100,000 people, operates in 90 countries, and has over 1.8 Million vehicles

- EHI owns and operates 9,900 rental car locations worldwide under Enterprise Rent-A-Car, National

Rent-A-Car and Alamo

- EHI is ranked by Forbes as one of America's Largest Private Companies

- EHI was founded in 1957 in St. Louis, Mo and is still privately held by the Jack Taylor Family

- EAN Holdings is a wholly owned subsidiary of EHI and operates all of the Enterprise Rent-A-Car

locations in the state of Texas

*Landlord required to carry $2,000,000 in CGL Insurance estimated to

cost $840 per year

*Tenant has a termination option after 24 months. Tenant also put in

100% of the cost to improve the property

Demographics Lease Summary

NNN Investment Sale:

The Tenant: Enterprise Rent-A-Car

Grand Ave & O'Neal St

1995/2017 Remodel

9/13/2017

8/31/2017

$371,692

$25,000

$840

$24,160

456

Conifer Real Estate | Principle. Passion. Perseverance | 75+ years of experience you can trust

Property Highlights

NNN Investment Sale:Conifer Real Estate | Principle. Passion. Perseverance | 75+ years of experience you can trust

Property Pictures

Conifer Real Estate| Principle. Passion. Perseverance | 75+ years of experience you can trust

About Enterprise Rent-A-Car

Enterprise Rent-A-Car was founded in

1957 by Jack Taylor who selected the

name to salute the WWII aircraft carrier

he served on. The Jack Taylor Family

still privately owns Enterprise Rent-A-

Car under Enterprise Holdings Inc

(EHI). EHI is the largest transportation

provider that offers car, truck, and

motorcycle rentals and also does car

sharing and car sales. EHI is in over 90

countries with more than 9,900 locations.

EHI also owns Alamo and National

which are Rent-A-Car companies. 2017

Revenue for EHI was $22.3 Billion. The

company employs 100,000 people and

has a fleet of $1.9 million vehicles.

WORLD HEADQUARTERSEnterprise Holdings Inc. 600 Corporate Park Drive St. Louis, Missouri 63105 (314) 512-5000enterpriseholdings.com

Enterprise Holdings Inc. and its affiliate Enterprise Fleet Management together offer a total transportation solution. Combined, these businesses – which include extensive car rental and car-sharing services, truck rental, corporate fleet management and retail car sales – accounted for $22.3 billion in revenue and operated nearly 1.9 million vehicles in fiscal year 2017.

Enterprise Holdings – through its integrated global network of independent regional subsidiaries and franchises – operates the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands at more than 9,900 fully staffed neighborhood and airport locations in more than 90 countries throughout the world.

Its affiliate, Enterprise Fleet Management, provides full-service fleet management to companies, government agencies and organizations operating medium-sized fleets of 20 or more vehicles, as well as those seeking an alternative to employee reimbursement programs.

Enterprise Holdings is the largest car rental company in the world as measured by revenue and fleet. Enterprise Holdings’ annual revenues also place it near the top of the global travel industry, exceeding all other rental car companies, many airlines, and most cruise lines, hotels, tour operators and online travel agencies.

For information on Enterprise Holdings’ long-term commitment to corporate social responsibility, visit enterpriseholdings.com/csr.

©2017 Enterprise Holdings Inc. as of 12/1/17

BUSINESS LINESEnterprise Car Salesenterprisecarsales.com

Enterprise Truck Rentalenterprisetrucks.com

Enterprise CarShareenterprisecarshare.com

Enterprise Rideshareenterpriserideshare.com

Zimride by Enterprisezimride.com

Exotic Car Collection by Enterpriseexoticcars.enterprise.com

Enterprise Flex-E-Rentflexerent.co.uk

Enterprise Car Clubenterprisecarclub.co.uk

AFFILIATEEnterprise Fleet Managementefleets.com

Alamo Rent A Caralamo.com

Enterprise Rent-A-Carenterprise.com

National Car Rentalnationalcar.com

AWARDS• Workforce 100 from Workforce Magazine, 2017

• Gold LearningElite organization from Chief Learning Officer magazine, 2017

• Training Top 125 from Training magazine, 2017

• No. 1 Entry Level Employer from CollegeGrad.com, 2017

• National Car Rental, Enterprise Rent-A-Car and Alamo Rent A Car named to The World’s Best Car Rental Companies in Travel + Leisure magazine’s World’s Best Awards, 2017

• Gold Travvy Award: Best Fleet, Best Domestic Car Rentals and Best Overall Car Rentals, 2017

• Supplier Engagement of the Year Finalist from the Ethical Corporation’s Responsible Business Awards, 2017

• Transportation Partner of the year from the American Society of Travel Agents (ASTA), 2017

• President and CEO Pamela Nicholson named to Fortune magazine’s list of “America’s 50 Most Powerful Women in Business” for past 11 years

Enterprise Holdings Inc. and its three brands have continually been recognized for customer service, corporate social responsibility efforts, employment practices and policies, and overall leadership in the car rental industry. A comprehensive awards list is available at enterpriseholdings.com/en/awards.

GLOBAL REVENUE

FY 2017 $22.3 billion

FY 2016 $20.9 billion

FY 2015 $19.4 billion

FY 2014 $17.8 billion

FY 2013 $16.4 billion

Revenue includes Enterprise FleetManagement, which was spun off fromEnterprise Holdings Aug. 1, 2011.

EXECUTIVESAndrew C. TaylorEXECUTIVE CHAIRMAN

Donald RossVICE CHAIRMAN

Pamela NicholsonPRESIDENT AND CHIEF EXECUTIVE OFFICER

Jo Ann Taylor KindlePRESIDENT, ENTERPRISE HOLDINGS FOUNDATION

Christine TaylorEXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER

Greg StubblefieldEXECUTIVE VICE PRESIDENT AND CHIEF STRATEGY OFFICER

Rick ShortEXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER

Shelley RoitherVICE PRESIDENT, HUMAN RESOURCES

Brice AdamsonSENIOR VICE PRESIDENT, ENTERPRISE FLEET MANAGEMENT

Mike AndrewSENIOR VICE PRESIDENT AND GENERAL COUNSEL

Patrick T. FarrellSENIOR VICE PRESIDENT AND CHIEF MARKETING & COMMUNICATIONS OFFICER

Lee KaplanSENIOR VICE PRESIDENT AND CHIEF ADMINISTRATIVE OFFICER

Craig KennedySENIOR VICE PRESIDENT AND CHIEF INFORMATION OFFICER

Rose LanghorstSENIOR VICE PRESIDENT AND TREASURER

David NestorSENIOR VICE PRESIDENT, NORTH AMERICAN OPERATIONS

Carolyn Kindle BetzSENIOR VICE PRESIDENT ANDEXECUTIVE DIRECTOR, ENTERPRISE HOLDINGS FOUNDATION

Kurt KohlerSENIOR VICE PRESIDENT, FLEET ACQUISITION AND REMARKETING, NORTH AMERICA

©2017 Enterprise Holdings Inc. as of 12/1/17

FAST FACTS• 100,000 employees*†

• Nearly 1.9 million vehicles*

• More than 450 vehicle makes and models*

• More than 9,900 fully staffed neighborhood and airport locations worldwide, including more than 6,400 fully staffed neighborhood and airport locations in the U.S. alone

• Operates in more than 90 countries and territories, including North America, Central America, South America, the Caribbean and Europe, as well as parts of Asia-Pacific and the Middle East

• Ranked by Forbes as one of America’s Largest Private Companies

*includes affiliate Enterprise Fleet Management †employed by Enterprise Holdings and its network of independent regional subsidiaries

Alamo Rent A Car• Attracts value-oriented international and U.S. leisure

travelers looking for an easy and hassle-free rental experience

• Largest car rental provider to international travelers visiting North America

• Operates 286 self-service kiosks at 90 U.S. locations

• Official Rental Car of Walt Disney World®Resort and Disneyland® Resort

• The Alamo Insiders loyalty program provides members a discount of 5 percent

Enterprise Rent-A-Car• Internationally recognized brand, known for

affordable rates, neighborhood convenience and outstanding customer service, including picking up local customers at no extra cost

• More than 7,700 locations, including more than 5,800 fully staffed neighborhood and airport branch offices located within 15 miles of 90 percent of the U.S. population

• Offers consumers a total transportation solution through its network of services including Enterprise Fleet Management, Enterprise Car Sales, Enterprise Truck Rental, Enterprise CarShare, Enterprise Rideshare, Zimride by Enterprise, Exotic Car Collection by Enterprise, Enterprise Car Club (U.K.)and Enterprise Flex-E-Rent (U.K.)

• Official Partner of the National Collegiate Athletic Association (NCAA), National Hockey League (NHL) and National Hockey League Players' Association (NHLPA)

National Car Rental• Premium, internationally recognized brand serving

the daily rental needs of frequent airport travelers seeking choice, convenience and time savings for personal and business trips

• Helped pioneer corporate-account business with the car rental industry’s first comprehensive frequent-rental program, Emerald Club, allowing for an expedited rental process and counter bypass

• Official Partner and Official Rental Car of theProfessional Golfers' Association (PGA) of America

• Official Car Rental Partner of nine Major League Baseball (MLB) teams – Baltimore Orioles, Boston Red Sox, Chicago White Sox, Houston Astros, Kansas City Royals, Los Angeles Angels, New York Mets, St. Louis Cardinals and Texas Rangers

©2017 Enterprise Holdings Inc. as of 12/1/17

MILESTONESEnterprise Rent-A-Car opens its first Rent-A-Truck location.

Alamo Rent A Car launches industry’s first online check-in system.

Exotic Car Collection by Enterprise begins operations. Enterprise announces 50 Million Tree Pledge, in partnership with the Arbor Day Foundation and the U.S. Forest Service, commits to planting 50 million trees over50 years, at a cost of $50 million.

Enterprise celebrates its 50th anniversary. Taylor family acquires Alamo Rent A Car and National Car Rental brands.

Enterprise Holdings Inc. is created for its growing portfolio of car rental and transportation services, including the Alamo, National and Enterprise brands.

Enterprise Rent-A-Car launches “The Enterprise Way,” its first television advertising campaign featuring employees. The campaign includes Enterprise team members at branch offices, highlighting in their own words the brand’s renowned customer service, culture and heritage.

Enterprise Holdings further expands its European presence with its acquisition of Citer and Atesa car rental brands and enters the car rental market in China through a strategic investment in eHi Auto Services.

Pam Nicholson named CEO, the first from outside the Taylor family. Enterprise Holdings acquires ride-matching business Zimride.

Chrissy Taylor named EVP and COO. Enterprise Holdings also acquires vRide, a vanpooling company that has been serving U.S. commuters for 40 years while also providing American business leaders one of the most resourceful, efficient and sustainable transportation solutions available.

2005

2006

2007

2009

2011

2012

2013

2016

Jack Taylor founds Executive Leasing in St. Louis, with a fleet of seven cars.

Executive Leasing begins rental operations in response to customer demand for rental cars while their own cars are being repaired. Executive also starts a Car Sales Division.

Executive Leasing is renamed Enterprise Leasing in honor of the World War II aircraft carrier Jack Taylor served on –the USS Enterprise.

Alamo Rent A Car is founded with four locations in Florida; pioneers the concept of unlimited mileage. Enterprise pilots the practice of providing customers with a free ride to the rental office. This service leads to Enterprise’s well-known “We’ll Pick You Up” tradition.

Enterprise opens its National Reservation Center, allowing customers to call a toll-free number to reserve rental vehicles nationwide.

National Car Rental introduces Emerald Club, the industry’s first comprehensive frequent-renter program, which provides members with an expedited rental process and counter bypass.

Enterprise Leasing changes its name to Enterprise Rent-A-Car to reflect the enormous growth of its rental car business.

Jack Taylor’s son, Andy Taylor, named Enterprise’s CEO.

Enterprise’s leasing division becomes Enterprise Fleet Services, focusing on serving businesses with small- to mid-sized fleets.

Enterprise Rent-A-Car opens its first international office in Windsor, Canada.

Enterprise Rent-A-Car opens its first European rental office in Reading, England.

Enterprise Rent-A-Car opens its first airportrental location at the Denver International Airport. Alamo Rent A Car is the first in car rental industry to offer customers real-time internet booking capabilities.

1957

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1989

1991

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1999

©2017 Enterprise Holdings Inc. as of 12/1/17

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B efore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord

(owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an

Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about

brokerage services to prospective buyers, tenants, sellers and landlords.

Information About Brokerage Services

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:

(1) shall treat all parties honestly;

(2) may not disclose that the owner will accept a price less that the asking price unless authorized in writing to do so by the owner;

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(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property.

With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

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TREC No. OP-K