$4,218, % CAP. Capital One NNN Ground Lease Offering Iselin, NJ (Greater NYC) Offering Highlights.

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1 Iselin, NJ (Greater NYC) $4,218, % CAP Actual Site Photo Offering Highlights Long Term NNN Ground Lease Conveniently Located 30 Miles from NYC 100% Fee Simple Interest Zero Landlord Obligations Scheduled Increases in Rent S&P Rated BBB+ Investment Grade Credit - NYSE: COF Well Situated at a Major Commercial Thoroughfare Jacob Abusharkh Managing Director jacob@svn.com BRE#

2 Disclaimer Confidentiality The material contained in this Investment Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of Sperry Van Ness or Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Property Owner ( Owner ) in connection with the sale of the Property is the Sperry Van Ness Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Investment Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to Sperry Van Ness. Neither the Sperry Van Ness Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future performance of the Property. This Offering Brochure may include certain statements and estimates by Sperry Van Ness with respect to the projected future performance of the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the Sperry Van Ness Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Investment Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the Sperry Van Ness Advisor, nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Investment Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Investment Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Investment Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the Sperry Van Ness Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

3 CONTENTS PROPERTY OVERVIEW Offering Highlights Executive Summary Tenant Summary FINANCIAL OVERVIEW Financial Summary LOCATION OVERVIEW Location Maps Aerial Photo DEMOGRAPHICS Demographics Report Demographics Map

4 PROPERTY OVERVIEW Offering Highlights Executive Summary Tenant Summary

5 Offering Highlights Long Term NNN Ground Lease Conveniently Located 30 Miles from NYC 100% Fee Simple Interest Zero Landlord Obligations Scheduled Increases in Rent S&P Rated BBB+ Investment Grade Credit - NYSE: COF Well Situated at a Major Commercial Thoroughfare

6 Executive Summary 755 US Highway 1 South Iselin, NJ Investment Overview Sale Price: $4,218,750 CAP Rate: 4.80% Net Operating Income: $202,500 Building Size: 2,200 SF Lot Size: 0.62 Acre Year Built: 2007 Market: Woodbridge Township (Greater NYC Area) Property This is a rare Capital One Bank fee simple absolute NNN ground lease in the Greater New York City area. The ground lease calls for zero landlord obligations. The 100% fee simple interest in the underlying land is being offered. The lease calls for scheduled 12.5% rental increases every 5 years in the initial term and throughout the two 10 year options to renew. The asset is well situated at a major commerical thoroughfare and is surrounded by national retailers including Starbucks, Stapes and T-Mobile, and is approximately 30 miles from NYC. Location Iselin is an unincorporated community and census designated place (CDP) located within Woodbridge Township, in Middlesex County, New Jersey, United States. As of the 2010 United States Census, the CDP s population was 18,695. Previously known as Perrytown and Unionville, Iselin received its current name after a New York investment banker and philanthropist Adrian G Iselin in the 1870s. He established a finishing school for girls from wealthy New York families there and subsidized the erection of a new train station currently known as Metropark. The largest bordering town of Iselin is Edison.

7 Tenant Summary Corporate Information Type: Public Ticker Symbol: NYSE: COF Headquarters: Tysons Corner, VA Founded: 1994 Revenue: $ Billion (2013) Net Income: $4.159 Billion (2012) Credit Rating: S&P Rated BBB+ No. of Employees: 41,100 (2014) Website: Tenant Overview Capital One Financial Corporation is a U.S.-based bank holding company specializing in credit cards, home loans, auto loans, banking and savings products. In terms of total assets and deposits, Capital One is the eighth largest bank holding company in the United States. As of 2012, the bank has 963 Capital One Bank Branches, including 10 café style locations for their Capital One 360 brand and 2,000 ATMs. Capital One Financial is a member of the Fortune 500, and also conducts business in Canada and the United Kingdom. The company helped pioneer the mass marketing of credit cards in the 1990s, and it is now the fourth-largest customer of the United States Postal Service. Its corporate offices are located in Tysons Corner, Virginia. In June 2011, Capital One Financial Corporation purchased ING Direct USA from its Netherlands based parent, ING Group, paying US$9 billion. The sale was completed on June 16, 2011 with the CEO of ING Group at that time Jan Hommen saying the sale marks a further important step in the restructuring of ING Group. Yet at the same time we are saying goodbye to a very successful business and a dedicated team.... Following the acquisition, ING direct was rebranded Capital One 360.

8 FINANCIAL OVERVIEW Financial Summary

9 Financial Summary 755 US Highway 1 South Iselin, NJ $4,218, % CAP CAP Rate: 4.80% Building SF: 2,200 Lot Size: 0.62 Acre Year Built: 2007 Lease Type: NNN Type of Ownership: Fee Simple Tenant Name GLA Lease Begin Lease End Annual Rent Options Increases Capital One 0.62 AC 8/1/2007 7/31/2027 $202,500* Two (2) Scheduled 12.5% Ten Year Options Every 5 to Renew Years Operating Summary Aug Aug Net Operating Income $202,500* $227,812 CAP Rate 4.80% 5.40% Operating Summary Option 1 (Yrs 21-25) Option 1 (Yrs 26-30) Option 2 (Yrs 31-35) Option 2 (Years 36-40) Net Operating Income $256,289 $288,325 $324,365 $364,911 CAP Rate 6.07% 6.83% 7.69% 8.65% * NOI based on August 2017 increase of 12.5%. Seller to credit rent difference at close of escrow.

10 LOCATION OVERVIEW Location Maps Aerial Photo

11 Location Maps

12 Aerial Photo

13 DEMOGRAPHICS Demographics Analysis Demographics Map

14 Demographics Analysis 1 Mile 2 Miles 3 Miles Total Population 16,476 66, ,672 Total Number of Households Total Number of Persons per Household Average House Value Average Household Income 6,067 24,334 51, $351,208 $353,004 $354,085 $91,793 $90,707 $88,466 Median Age Median Age - Male Median Age - Female Total Population - White Total Percent - White 8,661 38,770 85, % 58.4% 58.8% Total Population - Black Total Percent - Black 1,324 4,985 13, % 7.5% 9.1% Total Population - Asian Total Percent - Asian 5,389 18,059 34, % 27.2% 24.0% Total Population - Hawaiian Total Percent - Hawaiian % 0.0% 0.0% Total Population - Indian Total Percent - Indian % 0.3% 0.3% Total Population - Other Total Percent - Other 606 2,769 8, % 4.2% 5.5% Total Population - Hispanic Total Percent - Hispanic 1,853 9,066 25, % 13.7% 17.2% * Demographic information provided by BuildOut, Inc.

15 Demographics Map 755 U.S. 1 Iselin, NJ Radius Map 1 Mile 2 Miles 3 Miles Total Population 16,476 66, ,672 Total Number of Households 6,067 24,334 51,384 Average Household Income $91,793 $90,707 $88,466 Median Age * Demographic information provided by BuildOut, LLC

16 PRESENTED BY Jacob Abusharkh Managing Director BRE# All rights reserved