530 S. Southwest Loop 323 Tyler, TX 75702 Burger King 530 S. Southwest Loop 323 Tyler, TX 75702 (Representation Photo)

NON-ENDORSEMENT AND DISCLAIMER NOTICE Confidentiality and Disclaimer The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any 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 and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved. Non-Endorsement Notice Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. BURGER KING Tyler, TX ACT ID Y0380821

NET LEASED DISCLAIMER Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property. By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

INFORMATION ABOUT BROKERAGE SERVICES Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. 11-2-2015 TYPES OF REAL ESTATE LICENSE HOLDERS: A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interests of the client above all others, including the broker’s own interests; Inform the client of any material information about the property or transaction received by the broker; Answer the client’s questions and present any offer to or counter-offer from the client; and Treat all parties to a real estate transaction honestly and fairly. A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent. AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer's agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent. AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: Must treat all parties to the transaction impartially and fairly; May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. Must not, unless specifically authorized in writing to do so by the party, disclose: that the owner will accept a price less than the written asking price; that the buyer/tenant will pay a price greater than the price submitted in a written offer; and any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law. AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker’s duties and responsibilities to you, and your obligations under the representation agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated. LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records. Licensed Broker /Broker Firm Name or Primary Assumed Business Name License No. Email Phone Designated Broker of Firm Licensed Supervisor of Sales Agent/Associate Sales Agent/Associate’s Name Buyer/Tenant/Seller/Landlord Initials Date Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov IABS 1-0

5 5 # BURGER KING BURGER KING EXECUTIVE SUMMARY OFFERING SUMMARY Price $1,821,429 Net Operating Income $102,000 Capitalization Rate – Current 5.60% Price / SF $505.11 Rent / SF $28.29 Lease Type Absolute Net Gross Leasable Area 3,606 SF Year Built / Renovated 1985/2017 Lot Size 0.62 acre(s) MAJOR EMPLOYERS EMPLOYER # OF EMPLOYEES * Etmc Regional Health System 3,300 Mother Frances Hospital 2,742 Cox Southwest Holdings LP 1,200 Brookshire Food Stores 1,195 Suddenlink Communications 895 Natural Grocers 794 Tll Partners LLC 716 Garden Estates 641 Chicago Bridge & Iron Company 524 Blacksheep Inc 500 University of Texas System 463 Chicago Bridge & Iron Co 400 DEMOGRAPHICS 1-Miles 3-Miles 5-Miles 2016 Estimate Pop 2,994 41,924 90,266 2010 Census Pop 2,907 40,363 85,986 2016 Estimate HH 950 14,794 33,855 2010 Census HH 942 14,465 32,621 Median HH Income $29,627 $34,562 $40,345 Per Capita Income $13,017 $18,173 $22,486 Average HH Income $39,801 $50,441 $58,887 FINANCING Down Payment All Cash Net Cash Flow 5.60% / $102,000 Cash on Cash Return 5.60% * # of Employees based on 5 mile radius 5 5 #

Proven Location Since 1985 # INVESTMENT OVERVIEW BURGER KING OFFERING SUMMARY Marcus & Millichap is pleased to present this Burger King restaurant located at 530 South Southwest Loop 323 in Tyler, Texas 75702. This Burger King is subject to a 20-Year absolute net (NNN) that commenced on September 11th, 2017. The Annual Rent is $102,000 with attractive Ten (10%) Percent increase every five years. There are four (5) year renewal options. Built in 1985 and fully remodeled in 2017. The property consists of a 3,606 square feet building and sits on .62 acres of land. This location is one block away from a Super Walmart Center and is surrounded by several national retailers Taco Bell, Family Dollar, Chase Bank, McDonalds, Sonic and Walgreens to name a few. The current tenant is a 20 Unit operator in the state of Texas. Performance of the lease will be guaranteed by Broil-R-Corp, a Four-unit entity. Founded in 1954, Burger King Corporation is the world's second largest hamburger chain, currently operating 11,350 restaurants in 57 countries and territories worldwide. Burger King Corporation has huge marketing budget, which is estimated to be $2.2 billion over five years and $500 million annually. Burger King Corporation is an innovative leader in today's competitive and growing quick service restaurant industry. Burger King is known for its distinct brand recognition: "Flame-Broiled Whopper" and "Have it Your Way." Proven Location Since 1985 INVESTMENT HIGHLIGHTS #

GREAT FOOD COMES FIRST 3G CAPITAL CONCEPT OVERVIEW BURGER KING CONCEPT OVERVIEW CONCEPT OVERVIEW GREAT FOOD COMES FIRST Every day, more than 11 million guests visit BURGER KING® restaurants around the world. And they do so because our restaurants are known for serving high-quality, great-tasting, and affordable food. Founded in 1954, BURGER KING® is the second largest fast food hamburger chain in the world. The original HOME OF THE WHOPPER®, our commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined our brand for more than 50 successful years. #2 Fast Food Hamburger Chain, Globally More than $16 billion in annual system-wide sales, and nearly 350,000 team members, worldwide as of August 22nd, 2014. The concept has a market capitalization of roughly $10 billion. Global Brand Presence | Fully-Franchised Business Model Nearly 14,000 restaurants in 100+ countries. QSR industry-leading EBITDA margins. Rich Heritage | Stable, Reliable Long-Term Ownership Founded in 1954 with deep ties to the Miami Community. Burger King has been actively managed by 3G since 2010. 3G CAPITAL 3G Capital is a global investment firm focused on long-term value, with a particular emphasis on maximizing the potential of brands and businesses. The firm and its partners have a strong history of operational excellence, board involvement, deep sector expertise, and an extensive global network. 3G Capital works in close partnership with management teams at its portfolio companies and places a strong emphasis on recruiting, developing and retaining top-tier talent. In October 2010, 3G Capital completed the acquisition of Burger King®, one of the most widely-recognized consumer brands in the world. Recent Merger with Tim Hortons Both concepts will reside under the “Restaurant Brands International” title. 3G Capital is primarily responsible for the financing that helped the merger to finish. Corporate headquarters will be moved to Ontario, Canada. Creating 3rd Largest Global QSR | Value Creation New company will generate $23 billion in system sales with attractive business mix. Leading growth and profitability driving long-term value creation for all shareholders. 7

530 S. Southwest Loop 323, Tyler, TX 75702 PROPERTY NAME BURGER KING BURGER KING PROPERTY NAME PRICING AND VALUATION MATRIX PRICING AND VALUATION MATRIX LOCATION OVERVIEW TENANT SUMMARY LOCATION OVERVIEW 530 S. Southwest Loop 323, Tyler, TX 75702 Pad to a 30,000+ SF Shopping Center with Credit tenants Less than 1-Mile to Walmart Combined Intersection 67,000 VPD Excellent Street Visibility The city of Tyler is located just 95 miles east of Dallas/Fort Worth, Texas and 95 miles west of Shreveport, Louisiana. Tyler is accessible from Interstate 20, U.S. Highway 271 and U.S. Highway 69, or one of the four state highways that pass through the community. With a population of more than 87,000 and covering 52.7 square miles, the city is considered the manufacturing, health care, educational and retail center of East Texas. 8

ANNUALIZED OPERATING INFORMATION BURGER KING OFFERING SUMMARY OFFERING SUMMARY PROPERTY SUMMARY THE OFFERING ANNUALIZED OPERATING INFORMATION Property Burger King INCOME   Property Address 530 S. Southwest Loop 323 Tyler, TX 75702 Net Operating Income $102,000 Price $1,821,429 RENT SCHEDULE Capitalization Rate 5.60% YEAR ANNUAL RENT MONTHLY RENT RENT/YR/SF Price/SF $505.11 Current $8,500 $28.29 6th-10th $112,200 $9,350 $31.05 PROPERTY DESCRIPTION 11th-15th $123,420 $10,285 $34.22 Year Built / Renovated 1985/2017 15th-20th $135,762 $11,314 $37.64 Gross Leasable Area 3,606 SF Zoning Commercial OPERATING EXPENSES Type of Ownership Fee Simple Taxes $50,000 Insurance $8,000 LEASE SUMMARY CAM $3,000 Property Subtype Net Leased Restaurant Management Fee $4,000 Tenant Trash $800 Rent Increases 10% Every 5 years Landscaping $550 Guarantor Franchisee Guarantee Total Expenses $66,350 Lease Type Absolute Net Lease Commencement 9/11/2017 Lease Expiration 12/31/2037 Lease Term 20 Term Remaining on Lease (Years) Renewal Options Four (5) Year Options Landlord Responsibility None Tenant Responsibility Right of First Refusal/Offer No 9 #

BURGER KING AERIAL PHOTO 43,000 VPD 24,000 VPD

PROPERTY NAME BURGER KING DEMOGRAPHICS MARKETING TEAM Created on April 2017 DEMOGRAPHICS MARKETING TEAM POPULATION 1 Miles 3 Miles 5 Miles 2021 Projection Total Population 3,009 43,227 93,314 2016 Estimate 2,994 41,924 90,266 2010 Census 2,907 40,363 85,986 2000 Census 2,592 36,613 77,501 Current Daytime Population 6,505 60,732 139,121 HOUSEHOLDS Total Households 951 15,396 35,339 950 14,794 33,855 Average (Mean) Household Size 3.06 2.72 2.53 942 14,465 32,621 876 13,229 29,321 Occupied Units 1,009 16,041 36,349 HOUSEHOLDS BY INCOME $150,000 or More 0.70% 2.81% 4.07% $100,000 - $149,000 5.15% 6.01% 7.51% $75,000 - $99,999 5.82% 8.08% 9.81% $50,000 - $74,999 18.64% 16.10% 17.74% $35,000 - $49,999 12.92% 15.56% 15.46% Under $35,000 56.44% 50.48% 44.08% Average Household Income $39,801 $50,441 $58,887 Median Household Income $29,627 $34,562 $40,345 Per Capita Income $13,017 $18,173 $22,486 HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 Miles Total Average Household Retail Expenditure $51,504 $55,093 $58,445 Consumer Expenditure Top 10 Categories Housing $14,267 $15,207 $16,022 Transportation $10,111 $10,956 $11,472 Shelter $7,940 $8,322 $8,752 Food $6,377 $6,408 $6,560 Utilities $3,670 $3,878 $3,958 Personal Insurance and Pensions $3,223 $3,839 $4,268 Health Care $3,197 $3,639 $3,908 Entertainment $1,792 $2,099 $2,294 Apparel $1,588 $1,664 $1,711 Household Furnishings and Equipment $1,234 $1,438 $1,561 POPULATION PROFILE Population By Age 2016 Estimate Total Population 2,994 41,924 90,266 Under 20 37.69% 30.57% 28.20% 20 to 34 Years 21.55% 22.92% 24.03% 35 to 39 Years 6.03% 6.13% 5.82% 40 to 49 Years 10.97% 11.50% 11.00% 50 to 64 Years 14.94% 16.76% 16.50% Age 65+ 8.82% 12.13% 14.44% Median Age 28.30 32.51 33.31 Population 25+ by Education Level 2016 Estimate Population Age 25+ 1,651 25,929 57,138 Elementary (0-8) 9.55% 10.14% 7.99% Some High School (9-11) 16.71% 12.43% 9.59% High School Graduate (12) 28.88% 27.46% 24.72% Some College (13-15) 25.18% 22.70% 23.84% Associate Degree Only 7.22% 7.26% 8.10% Bachelors Degree Only 7.58% 11.96% 15.64% Graduate Degree 2.15% 4.72% 7.40% Source: © 2016 Experian

BURGER KING PROPERTY NAME DEMOGRAPHICS MARKETING TEAM Population Race and Ethnicity In 2016, the population in your selected geography is 2,994. The population has changed by 15.51% since 2000. It is estimated that the population in your area will be 3,009.00 five years from now, which represents a change of 0.50% from the current year. The current population is 44.67% male and 55.33% female. The median age of the population in your area is 28.30, compare this to the US average which is 37.68. The population density in your area is 953.36 people per square mile. People of Hispanic origin make up 34.32% of the current year population in your selected area. Compare this to the US average of 17.65%. Households Housing There are currently 950 households in your selected geography. The number of households has changed by 8.45% since 2000. It is estimated that the number of households in your area will be 951 five years from now, which represents a change of 0.11% from the current year. The average household size in your area is 3.06 persons. The median housing value in your area was $63,556 in 2016, compare this to the US average of $187,181. In 2000, there were 557 owner occupied housing units in your area and there were 318 renter occupied housing units in your area. The median rent at the time was $346. Income Employment The current year per capita income in your area is $13,017, compare this to the US average, which is $29,962. The current year average household income in your area is $39,801, compare this to the US average which is $78,425. In 2016, there are 2,629 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 35.65% of employees are employed in white-collar occupations in this geography, and 64.02% are employed in blue-collar occupations. In 2016, unemployment in this area is 7.64%. In 2000, the average time traveled to work was 19.00 minutes. Source: © 2016 Experian