NET LEASE INVESTMENT ADVANCE AUTO PARTS

JOHN HEEREN 5858 Ridgeway Center Parkway Memphis, Tennesee 38120 FAX: 901 - 324 - 2066 TEL: 901 - 327 - 7676 www.smpo.com Johnhe@smpo.com NET LEASE INVESTMENT ADVANCE AUTO PARTS 1801 Valleydale Rd. Hoover, AL (Birmingham Suburb) WE’RE READY IN ADVANCE Building under construction Note: The property information contained herein is subject to errors, ommissions, change of price,and other terms prior to sale or withdrawal notice. We make no warranties, either expressed or implied, as to the completeness or accuracy of information contained herein. ADVANCE AUTO - Hoover, AL (Birmingham Suburb) McDonald's at the intersection Exxon and Rite-Aid across the street SALES PRICE: $1,914,100.00 Property Information 7.25% Cap Rate The City of Hoover is the largest suburb in Birmingham. With soft rolling hills, scenic natural beauty, numerous lakes, and country sized estates, Hoover offers a healthy, family community with prosperous commerce, an acclaimed school district, and substantial household income. Commercial activity is thriving in the area as the population has ballooned over the last 8 years. Since 2000, the one mile population increase was over 27%, the two mile population increase was 35%, and the 3 mile was 48%. The new Advance Auto property is part of the commercial corridor at the intersection Annual Income: $138,778.00 of Caldwell Mill Road and Valleydale Road. The Building Size: 6000 sq. ft. commercial intersection provides a McDonald’s, Rite Lot Size: 70,131 sq. ft. (1.61 Acres) Aid, Walgreen’s, Winn Dixie Grocery with additional mall tenants, a Publix Grocery with solid strip mall tenants, a Compass Bank, Region’s bank, Pizza hut, numerous Medical Office and professional office buildings, and a first class Animal Hospital. Options Annual 1st Option Period 16-20 $145,716.90 The Advance Auto is located next door to a 2nd Option Period 21-25 $153,002.32 brand new Zaxby’s Restaurant located in front 3rd Option Period 26- 30 $160,652.43 of the Publix center. The Advance provides excellent visibility and access to Valleydale Road. 15 Year Lease w/ Three 5 Year Options Initial Term: 15 Years - $138,778.00 Rent Commencement Date: January, 2008 Landlord Responsibilities: Structure only, no roof responsibility. ADVANCE AUTO - Hoover, AL (Birmingham Suburb) Property Information The property is also located in close proximity to the Riverchase Galleria, the largest mall in the area with over 2.4 Million s.f. and the I-65 Corridor. There is a new Lowe’s Home Improvement Center with additional Mall tenants • Largest Suburb of beside the Interstate on Valleydale Road.. Birmingham • 9,000 Vehicles per day – There are 10 auto related repair businesses within 2 miles of 2003 count the property, including a Porsche service center and Mercedes • 9.49% Population increase service center called Momentum. This is significant because between 2000-2006 Advance Auto does tremendous commercial business with • 68,700 residents mechanics and dealerships. Advance ships parts within 24 • Strong Commercial Area hours, which eliminates burdensome inventory/overhead for the local shops and dealers. The Shelby-Hoover Campus of Jefferson County Community College is located within one mile of the new Advance Auto. The Shelby-Hoover Campus has enrollment of over 3,100 students for 2008-09. Alabama’s largest State park, Oak Mountain is only 2 miles from the site. Oak Mountain provides 9,940 acres of pine-studded ridges and lush green hardwood bottoms. The park offers vacation cottages, golf, pro shop with snack bar, camping, picnicking, swimming, boating, fishing, hiking, mountain bike trails, busy road biking routes, backpacking, a demonstration farm and horseback riding facilities. With the largest area and variety of outdoor recreational pursuits, Oak Mountain is a year round destination just minutes from the new Advance store. Street view north Zaxby's next door ADVANCE AUTO - Hoover, AL (Birmingham Suburb) Advance Auto is the second largest auto parts retailer in the country, in operation for over 75 years. They currently operate over 3,200 locations and employ over 43,000 people. Advance is a member of the Fortune 500 and Forbes Magazine named Advance the Best-Managed company in the retail sector in 2005. Tenant: Advance Auto Stores, Inc., a Virginia Corporation Headquartered in Roanoke, VA, Advance Auto Parts is the second-largest auto aftermarket retailer in the United States. Moody’s Investors Services has assigned Advance a Ba1 credit rating with a positive outlook. S & P Rating, BB+, Stable. Recent Sales Information: 2005 Sales: $ 4.265 Billion 2006 Sales: $ 4.62 Billion 2007 Sales: $4.88 Billion including $1 Billion in Commercial Sales. Birmingham Hoover SITE MAP ADVANCE AUTO - Hoover, AL (Birmingham Suburb) BUILDING UNDER CONSTRUCTION VIEW FROM THE CORNER OF THE PROPERTY MCDONALDS ACROSS THE STREET PUBLIX BEHIND THE BUILDING WALGREENS STRIP MALL AT CORNER JEFFERSON COUNTY COMMUNITY COLLEGE ADVANCE AUTO - Hoover, AL (Birmingham Suburb)