EXCLUSIVE OFFERING $1,475, % CAP ASPEN DENTAL

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1 REPRESENTATIVE PHOTO EXCLUSIVE OFFERING $1,475, % CAP JOE CAPUTO BOB MOORHEAD RUSSELL SMITH property. 3,200+ SF building on acre site. tenant. Aspen Dental: With more than 420 locations and 4,200 employees in 27 states. $500 million in revenue in lease structure. 10-year, corporate, net lease with 3, 5-year options to renew and 10% rent increases every 5-years during the primary term and options. location. The subject property is located off of Interstate 35 (33,600 Cars / Day) at the intersection of 12th Avenue and Holiday Drive. This visibility has brought extensive retail and business development to the immediate trade area. The subject property is across 12th Avenue from a Lowe s Home Improvement and near a Walmart Supercenter. The site is also just west of Mountain View Mall which is anchored by JCPenney and Hobby Lobby. Other nearby retailers include Staples, Petco, Hibbett Sports, Ross, CVS, Walgreens, Radio Shack, and Starbucks. Site is across Interstate 35 from a Best Buy distribution facility and a Michelin tire plant. Ardmore, OK is equidistant (90 miles) between Dallas and Oklahoma City.

2 Table of contents Disclaimer PAGE 1: PAGE 2: PAGE 3: PAGE 4: PAGE 5: PAGE 6: PAGE 7: PAGE 8-9: PAGE 10: COVER TABLE OF CONTENTS DISCLAIMER INVESTMENT LEASE TENANT OVERVIEW TENANT OVERVIEW CONT. SITE PLAN AERIAL PHOTO LOCATION OVERVIEW LOCATION MAPS DEMOGRAPHICS SUBJECT PROPERTY CONSTRUCTION PROGRESS 11/14/2013 Disclaimer EXP Realty Advisors, Inc. ( Agent ) has been engaged as an agent for the sale of the property located at by the owner of the Property ( Seller ). The Property is being offered for sale in an as-is, where-is condition and Seller and Agent make no representations or warranties as to the accuracy of the information contained in this Offering Memorandum. The enclosed materials include highly confidential information and are being furnished solely for the purpose of review by prospective purchasers of the interest described herein. The enclosed materials are being provided solely to facilitate the prospective investor s own due diligence for which it shall be fully and solely responsible. The material contained herein is based on information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by Agent or Seller or any of their respective representatives, affiliates, officers, employees, shareholders, partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Agent nor the Seller shall have any liability whatsoever for the accuracy or completeness of the information contained herein or any other written or oral communication or information transmitted or made available or any action taken or decision made by the recipient with respect to the Property. Interested parties are to make their own investigations, projections and conclusions without reliance upon the material contained herein. Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Seller and Agent each expressly reserves the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. This offering is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. Agent is not authorized to make any representations or agreements on behalf of Seller. Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions to Seller s obligations hereunder have been satisfied or waived. By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated in the strictest confidence and shall be returned to Agent or Seller promptly upon request; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of Seller and Agent. LISTED IN ASSOCIATION WITH OKLAHOMA BROKER OF RECORD: GLM COMMERCIAL PROPERTIES, LLC LICENSE#

3 Investment overview PRICE: $1,475,000 CAP RATE: 7.00% NET OPERATING INCOME: $103,200 BUILDING AREA: 3,200+ Square Feet LAND AREA: Acres YEAR BUILT: 2013 LANDLORD RESPONSIBILITY: Roof, Structure, Parking Lease overview Initial Lease Term: 10-year term with 3, 5-year options to extend Projected Rent Commencement: January 2014 Projected Lease Expiration: January 2024 Lease Type: Net Lease Rent Increases: 10% every 5-years through term and options Year 1-5 Annual Rent (Current): $103,200 Year 6-10 Annual Rent: $113,535 OWNERSHIP: Fee Simple Interest Year Annual Rent (Option 1): $124,896 OCCUPANCY: 100% Year Annual Rent (Option 2): $137,376 Year Annual Rent (Option 3): $151,104 Aspen Dental Aspen Dental, is one of the largest and fastest-growing providers of denture and dental care services in the U.S., and is committed to providing patients with affordable, high quality care. Aspen Dental s history started in Syracuse, New York, at a dental lab called Upstate Dental, which began operations in As of 2012, Aspen Dental serves approximately 2 million dental patients at more than 420 office locations in 27 states. Through 2015, Aspen Dental is scheduled to open 55 new offices each year throughout various locations in the United States, with new markets in 2013 including Alabama, Oklahoma, and Georgia. Aspen Dental practices follow a patient-driven retail model that feature visible locations in highly trafficked retail centers, affordable and comprehensive dental care, and convenient payment options. Aspen Dental Management Inc., Aspen Dental s integrated business support service, provides a broad range of nonclinical services, including human resources, and accounting. This allows dentists to spend more time caring for their patients and less time on the administrative and financial aspects of running a successful dental practice. Each office has certified oral hygienists, dentists and oral surgeons for general dental care. Aspen Dental will provide patients with a full range of denture and dental services, including hygiene, oral surgery, fillings, whitening and crown and bridge work. Aspen Dental is the only authorized provider of 8 styles of full and partial hand-crafted ComfiDents brand dentures. With more than 420 locations in 27 states, Aspen Dental practices are nationally accredited by the Better Business Bureau (BBB). In 2012, Aspen Dental-branded practices recorded nearly 2.6 million patient visits and welcomed more than 550,000 new patients. Aspen Dental seeks A+ locations in major retail areas and looks for prime retail visibility, including maximum storefront and pylon signage opportunities, strong traffic counts, great access, and ample, convenient parking. The dental profession is not affected by the same economic challenges many other retailers face. More than 10 years experience building successful dental practices with 100% success rate. They have never closed a location. (Source: 3

4 TENANT OVERVIEW CONTINUED 4

5 SITE PLAN 5

6 Aerial photo Ardmore Middle School Veterans Boulevard (10,840 Cars / Day) Ardmore High School Distribution Center Mercy Hospital Ardmore 12 th Avenue Tire Plant 6

7 Location overview IMMEDIATE TRADE AREA The subject property is located off of Interstate 35 (33,600 Cars / Day) near the intersection of 12 th Avenue and Holiday Drive. Interstate 35 is a major northsouth freeway that spans the continental US from Mexico to Canada. The length, central location, and traffic volumes on Interstate 35 have caused the road to earn the nickname Main Street of America. This visibility has brought extensive retail and business development to the immediate trade area. The subject property is across 12 th Avenue from a Lowe s Home Improvement and near a Walmart Supercenter. The site is also just west of Mountain View Mall which is anchored by JCPenney and Hobby Lobby. Other nearby retailers include Staples, Petco, Hibbett Sports, Ross, CVS, Walgreens, Radio Shack, and Starbucks. Aspen Dental is close to some of the largest employers in Ardmore. The site is across Interstate 35 from a Michelin tire plant that employs 1,900 people and a Best Buy distribution center. The site is just west of Mercy Hospital Ardmore which has approximately 900 employees. Ardmore High School (780 Students) and Ardmore Middle School (618 Students) are located to the northeast of the subject property. ARDMORE, OK / CARTER COUNTY Ardmore is a business, cultural and tourism city in south central Oklahoma. The city is the county seat of Carter County and has a population of 24,283. Ardmore is located 90 miles equidistant from Oklahoma City and Dallas / Fort Worth Metroplex at the junction of Interstate 35 and U.S. Highway 70, and is generally considered the hub of the ten-county region in South Central Oklahoma. As a result of this hub status, Ardmore has a retail pull factor between 1.7 and 1.9. In addition to Best Buy, Dollar Tree and Dollar General also have distribution centers located in Carter County. A Valero Refinery in northeast Ardmore employs approximately 250 area residents. Ardmore is also home to the Samuel Roberts Noble Foundation, which is among the nation's 50 largest private foundations, and is primarily engaged in agricultural bioresearch activities. Located just to the south of the Ardmore city limits on the Oklahoma- Texas state line is the WinStar World Casino, which is owned by the Chickasaw Nation. In 2001, East Jordan Iron Works opened a foundry located at the Ardmore Industrial Airpark. DALLAS / FORT WORTH & OKLAHOMA CITY As a result of Ardmore s location along Interstate 35 and proximity to the Dallas / Fort Worth Metroplex and Oklahoma City, the city benefits greatly from close economic integration with these urban areas. The 2010 U.S. Census has the Dallas-Fort Worth Metroplex at a population 6,371,773. During the 12-month period from July 2008 to July 2009, the Dallas- Fort Worth-Arlington metropolitan area gained 146,530 new residents, more than any other metropolitan area in the United States. The area's population has grown by about one million since the last census was administered in The Dallas Fort Worth Arlington MSA is, by population, the largest metropolitan area in Texas, the largest in the South, the fourth-largest in the United States, and the tenth largest in the Americas. The metropolitan area has the sixth largest gross metropolitan product (GMP) in the United States, and approximately tenth largest by GMP in the world. Dallas and its suburbs also have one of the highest concentrations of corporate headquarters in the United States. The Oklahoma City Metropolitan Statistical Area (MSA) is a large urban region located in the central part of the State of Oklahoma and currently has a population of 1,322,429. It is often known as Oklahoma City Metro and contains the state capital and principal city, Oklahoma City which has a population of 591,967. The diversified economy of Oklahoma City includes information technology, general services, health services, and administration sectors in addition to the energy and government sector mainstays. The city has two Fortune 500 companies: Devon Energy Corporation and Chesapeake Energy Corporation, several others that are in the Fortune 1000, and a number of large privately owned companies. Oklahoma City is also home to the corporate headquarters of Sonic Drive-In, whose office building and corporate restaurant is located in Bricktown, an intown neighborhood that has undergone a renaissance in the last decade. Devon Energy began construction in 2009 on a new 844-foot tall, 1,800,000 SF headquarters building in downtown Oklahoma City. According to the Oklahoma City Chamber of Commerce, the metropolitan area's economic output grew by 33 percent between 2001 and 2005 due chiefly to economic diversification. Its gross metropolitan product was $43.1 billion in 2005 and grew to $61.1 billion in In 2008, Forbes magazine named Oklahoma City the most "recession proof city in America". 7

8 Location map 8

9 Location map 9

10 Demographics Demographic snapshot Radius 1 Mile 3 Mile 5 Mile Population: 2017 Projection 2,806 21,601 26, Estimate 2,800 21,738 26, Census 2,828 22,096 26,638 Growth % -0.60% 0.10% Growth % -1.60% -1.20% Households: 2017 Projection 1,188 8,694 10, Estimate 1,191 8,802 10, Census 1,198 8,923 10,587 Growth % -1.20% -0.60% Growth % -1.40% -0.90% Owner Occupied 591 5,219 6,485 Renter Occupied 601 3,583 4, Avg Household Income $53,430 $48,965 $49, Med Household Income $35,754 $33,408 $34, Per Capita Income $24,639 $20,123 $20, Households by Household Inc: Income Less than $15, ,773 2,027 Income $15,000 - $24, ,449 1,680 Income $25,000 - $34, ,343 1,587 Income $35,000 - $49, ,098 1,338 Income $50,000 - $74, ,496 1,867 Income $75,000 - $99, Income $100,000 - $149, Income $150,000 - $199, Income $200, DOWNTOWN DALLAS, TX WINSTAR WORLD CASINO, THACKERVILLE, OK 10