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P O R T F O L I O

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e x c l u s i v e ly l i s t e d b yb r o k e r o f r e c o r dKYLE MATTHEWSLIC # 67120 (GA)

a l e x h a r r o l dAVP & Senior Directora lex .harro ld@matthews.comDIR 310.919.5790MOB 310.977.1651LIC # 02009656 (CA)

H a r r i s o n a u e r b a c hAssociateharr i son.auerbach@matthews.comDIR 404.445.1092MOB 407.312.1284LIC # SL3422263 (FL)

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Investment Highlights

• Ideal Markets

• Valdosta, GA Location: This 24,000 SF structure, sitting on close to 17 acres is one of the largest United Rentals in the country. United has occupied this space for over 12 years and is the only site servicing all of Valdosta, one of their

strongest markets in the southeast.

• Byron, GA Location: Located directly off I-75, one of the most active highways in Georgia (±77,000 VPD). This is the only site servicing all of Byron, Warner Robins, Perry and Fort Valley, making it one of their strongest middle Georgia locations.

• Attractive Cap Rate: Opportunistic and sophisticated investors can maximize their return with this high cap rate deal. Strong positioning of locations shows long term commitment to existing sites.

• Fortune 500 Company: With over 15,000 employees and 1,000 locations, United Rentals is the largest equipment rental company in North America. In 2017 alone, United Rentals’ revenue totaled more than $6.6 billion. (NYSE: URI)

• Opportunity Zone: (Valdosta, GA) - A step-up in basis for capital gains reinvested in an opportunity fund. The basis is increased by 10% if the investment in the opportunity fund is held by the taxpayer for at least 5 years and by an additional 5% if held for at lease 7 years. A permanent exclusion from taxable income of capital gains from the sale or exchange of investment if the investment is held for a minimum of 10 years. Click here for more information.

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Financial Overview - Byron & Valdosta

NOI

$247,488

PORTFOLIOLIST PRICE

$3,000,000

SQUARE FOOTAGE

Byron: ±7,550 SF (2.00 AC)Valdosta: ±23,250 SF (16.67 AC)

CAP RATE

8.25%

AVG PRICE/SF

$97.40

BYRON

VALDOSTA

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Executive Overview - Byron

135 PEACHTREE PKWY

BYRON, GA 31008

UNITED OCCUPIEDFOR

12 Years

LOT SIZE

±2.00 AC

SQUARE FOOTAGE

±7,550 SF

Tenant Trade Name United Rentals

Guarantor United Rentals Reality, LLC

Lease Expiration 9/30/21

Term Remaining 2.5 years

Renewal Options Two, Five (5) Year Options

Lease Type NN+

Landlord Responsibilities Roof and Structure

Tenant Responsibilities Taxes, Insurance, Maintenance

Property Type Industrial

Type of Ownership Fee Simple

Acres 2.00

Total SF 7,550

Construction Shop - Metal; Show Room - Sheet Rock

TENANT SUMMARY

ANNUALIZED OPERATING DATACLEAR HEIGHT

18’ & 20’

CONSTRUCTION

Prefabricated metal & Sheet rock

GRADE LEVELDOORS

4

Monthly Rent Annual Rent Rent/SfCurrent - 9/30/21 $5,624.00 $67,488.00 $8.94

Option Period 1 9/30/21 - 9/30/26

$6,186.40 $74,236.80 $9.83

Option Period 29/30/26 - 9/30/31

$6,805.04 $81,660.48 $10.82

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SURROUNDING TENANTS

I-75 ±77,000 VPD135 PEACHTREE PKWY

MID-STATE RV

MID-STATE RVInterstate RV Campground

Peach Shops At Byron

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PROPERTY PHOTOS

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Executive Overview - Valdosta

Tenant Trade Name United Rentals

Guarantor United Rentals Southeast, L.P.

Lease Expiration 6/30/21

Term Remaining 2.25 Years

Renewal Options Three, Five (5) Years

Lease Type NN+

Landlord Responsibilities Roof and Structure

Tenant Responsibilities Taxes, Insurance, Maintenance

Property Type Industrial

Type of Ownership Fee Simple

Acres 16.67

Total SF 23,250

Construction Metal

TENANT SUMMARY

ANNUALIZED OPERATING DATA

1824 PATTERSON ST

VALDOSTA, GA 31601

UNITED OCCUPIEDFOR

12 Years

LOT SIZE

±16.67 AC

SQUARE FOOTAGE

±23,250 SF

CLEAR HEIGHT

15’ bay doors25’ at peak

CONSTRUCTION

Prefabricated metal & Sheet rock

GRADE LEVELDOORS

10

Monthly Rent Annual Rent Rent/Sf

Current - 6/30/21 $15,000.00 $180,000.00 $7.74

Option Period 1 6/30/21 - 6/29/26

$15,750.00 $189,000.00 $8.13

Option Period 26/30/26 - 6/29/31

$16,537.50 $198,450.00 $8.54

Option Period 36/30/31 - 6/29/36

$17,364.38 $208,372.50 $8.96

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SURROUNDING TENANTS

Magna SteelSales

S Patterson St ±14,000 VP

D

1824 S PATTERSON ST

Frank’s Used Cars

Lewis Machining & Engineering

Inc.

Autry Bar B Que

ULMERS POND

Farmer Brown’s Produce

Stop N Go

Lowndes County Recycling Center

VALDOSTA WOODGATE

VALDOSTA REGIONAL AIRPORT

±2.2 Miles SE

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PROPERTY PHOTOS

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S Patterson St ±14,000 VPD

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Tenant Overview

TENANT OVERVIEWUnited Rentals (NYSE:URI) was founded in 1997 and quickly became the world’s largest equipment rental provider, with about 11 percent of the region’s market share. Today, the company continues to build on its industry leadership with a best-in-class range of resources and the largest customer service network of its kind in North America. United Rentals deploys over $11.6 billion of fleet (original equipment cost) through approximately 1,000 branches, a centralized reservation service and automated online ordering. The branches are fully integrated through technology, allowing them to collaborate on solving customer needs.

United Rentals was founded in 1997 by Bradley Jacobs and grew primarily through acquisition. It offers general, aerial, and specialty rentals to a customer base that includes construction and industrial companies, utilities, municipalities, and homeowners. In addition to rentals, the company offers new and used equipment sales, servicing, and safety training. United Rentals is currently led by Michael J. Kneeland (President & CEO) and William B. Plummer (Executive Vice President & CFO). It is headquartered in Stamford, Connecticut.

BUSINESS OPERATIONSUnited Rentals serves its customers as a single-source solution, provided through two business segments: General Rentals and Specialty Rentals: General Rentals offers construction, industrial and homeowner equipment for rent, and related services. Specialty Rentals includes the rental of equipment and tools for underground construction, temporary power, climate control, fluid transfer, disaster recovery, onsite tool management and related services. To serve specific sectors of its customer base, United Rentals has a comprehensive National Accounts program, industry specialists, and government sales specialists. Additional customer services are provided by the company’s centralized, toll-free call centers, emergency response teams, and individuals dedicated to larger accounts, such as managed services consultants, and single points of contact.

Property Name United Rentals

Parent Company Trade Name United Rentals, Inc. (NYSE: URI)

Ownership Public

No. of Locations ± 1,000

No. of Employees ± 15,000

Annual Revenue ± $6.6 Billion

Headquartered Stamford, Conneticut

Website www.ur.com

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POPULATION 3 Mile 5 Mile 7 Mile

2010 Census 11,512 32,318 71,863

2019 Estimate 12,384 34,975 75,997

2024 Projection 12,921 36,641 78,968

Growth 2019-2024 4.34% 4.76% 3.91%

HOUSEHOLD 3 Mile 5 Mile 7 Mile

2010 Census 4,397 12,579 28,069

2019 Estimate 4,756 13,595 29,846

2024 Projection 4,968 14,231 31,063

Growth 2019-2024 4.46% 4.68% 4.08%

INCOME 3 Mile 5 Mile 7 Mile

2019 Est. Average Household Income

$72,318 $78,018 $75,380

DEMOGRAPHICS

BYRON, GAThe City of Byron, named for the poet Lord Byron, was incorporated in 1874 and covers 5.8 square miles. The population according to the 2010 census is 4,561. With exits within the city limits off Interstate 75, Byron is poised for continued growth in the years to come.

Whether you have lived in Byron all your life or have recently moved here, you quickly understand that this is a special place. It is special because of the sense of community you find when you stop by City Hall to pay your utilities or Freshway Foods for your weekly groceries.

People are moving to Byron, now more than ever. The reason is simple: people want what Byron has to offer. Byron, a Better Hometown Community, offers the best of both worlds. Located on Hwy 49 and I-75 at exit 149 in Peach County, Byron offers small-town charm, beautiful new subdivisions, a thriving industrial park, great schools and so much more while still being just minutes from Macon, Warner Robins, and Robins Air Force Base. It’s a great place to come when you want to leave the hustle and bustle of the workplace.

Area Overview

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POPULATION 3 Mile 5 Mile 7 Mile

2010 Census 16,539 51,324 69,885

2019 Estimate 16,259 52,241 72,703

2024 Projection 16,433 53,595 75,283

Growth 2019-2024 1.07% 2.59% 3.55%

HOUSEHOLD 3 Mile 5 Mile 7 Mile

2010 Census 5,898 18,917 26,393

2019 Estimate 5,922 19,595 27,821

2024 Projection 6,037 20,268 28,977

Growth 2019-2024 1.94% 3.44% 4.16%

INCOME 3 Mile 5 Mile 7 Mile

2019 Est. Average Household Income

$39,468 $47,816 $57,347

DEMOGRAPHICS

VALDOSTA, GAValdosta/Lowndes County has always been a popular gathering place. Beginning with the Creek and Seminole Indians, the Spanish missionaries and the American pioneers, the fertile and beautiful land of this area has enticed people to make their homes here.

Valdosta is a network of neighbors created by the many diverse members of the community – each celebrated and valued individually and collectively. Whether you are a long-time resident, a newcomer to the community or just passing through, you are a vital part of this community.

Tours of many of the city’s historic homes—such as the Crescent (the current headquarters for the Valdosta Garden Center) and the Barber Pittman House (former home to the first bottler of Coca-Cola outside of Atlanta, which now houses the Valdosta-Lowndes County Chamber of Commerce) are also available.

The stately appearance of the downtown streets and storefronts has earned Valdosta repeat National Main Street Certifications and awards from the Georgia Downtown Association. Home to over 120 restaurants, shops, government agencies, and churches, Valdosta Main Street is alive with active residents and businesses of the city.

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V A L D O S T A

B Y R O N

13

9 M

I L E S

This Offer ing Memorandum contains select informat ion pertaining to the business and af fa i rs of United Rentals located at 135 Peachtree Park | Byron, GA and 1824 S Patterson Street | Valdosta, GA ( “Propert ies” ) . I t has been prepared by Matthews Real Estate Investment Services. This Offer ing Memorandum may not be al l - inclusive or contain a l l of the informat ion a prospect ive purchaser may desire. The informat ion contained in th is Offer ing Memorandum is conf ident ia l and furnished solely for the purpose of a review by a prospect ive purchaser of the Property. I t is not to be used for any other purpose or made avai lable to any other person without the wri t ten consent of Sel ler or Matthews Real Estate Investment Services. The mater ia l is based in part upon informat ion suppl ied by the Sel ler and in part upon f inancial informat ion obtained from sources i t deems rel iable. Owner, nor their of f icers , employees, or agents makes any representat ion or warranty, express or impl ied, as to the accuracy or completeness of th is Offer ing Memorandum or any of i ts contents and no legal l iabi l i ty is assumed or shal l be impl ied with respect thereto. Prospect ive purchasers should make their own project ions and form their own conclusions without rel iance upon the mater ia l contained herein and conduct their own due di l igence.

By acknowledging your receipt of th is Offer ing Memorandum for the Property, you agree:

1 . The Offer ing Memorandum and i ts contents are conf ident ia l ;

2 . You wi l l hold i t and treat i t in the str ictest of conf idence; and

3. You wi l l not , d i rect ly or indirect ly, d isclose or permit anyone else to disclose this Offer ing Memorandum or i ts contents in any fashion or manner detr imental to the interest of the Sel ler.

Owner and Matthews Real Estate Investment Services expressly reserve the r ight , at their sole discret ion, to reject any and al l expressions of interest or of fers to purchase the Property and to terminate discussions with any person or ent i ty reviewing this Offer ing Memorandum or making an of fer to purchase the Property unless and unt i l a wr i t ten agreement for the purchase and sale of the Property has been ful ly executed and del ivered.

I f you wish not to pursue negot iat ions leading to the acquis i t ion of the Property or in the future you discont inue such negot iat ions, then you agree to purge al l mater ia ls relat ing to th is Property including this Offer ing Memorandum.

A prospect ive purchaser ’s sole and exclusive r ights with respect to th is prospect ive t ransact ion, the Property, or informat ion provided herein or in connect ion with the sale of the Property shal l be l imited to those expressly provided in an executed Purchase Agreement and shal l be subject to the terms thereof. In no event shal l a prospect ive purchaser have any other c la ims against Sel ler or Matthews Real Estate Investment Services or any of their af f i l iates or any of their respect ive of f icers , Directors , shareholders, owners, employees, or agents for any damages, l iabi l i ty, or causes of act ion relat ing to th is sol ic i tat ion process or the market ing or sale of the Property.

This Offer ing Memorandum shal l not be deemed to represent the state of af fa i rs of the Property or const i tute an indicat ion that there has been no change in the state of af fa i rs of the Property s ince the date this Offer ing Memorandum.

C O N F I D E N T I A L I T Y & D I S C L A I M E R S TAT E M E N T

e x c l u s i v e ly l i s t e d b yb r o k e r o f r e c o r dKYLE MATTHEWSLIC # 67120 (GA)

a l e x h a r r o l dAVP & Senior Directora lex .harro ld@matthews.comDIR 310.919.5790MOB 310.977.1651LIC # 02009656 (CA)

H a r r i s o n a u e r b a c hAssociateharr i son.auerbach@matthews.comDIR 404.445.1092MOB 407.312.1284LIC # SL3422263 (FL)

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