9856 W CAMELBACK ROAD GLENDALE, ARIZONA ACTUAL SITE - SEPTEMBER 2017

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1 RETAIL INVESTMENT GROUP, LLC 9856 W CAMELBACK ROAD GLENDALE, ARIZONA $4,300,000 CAP: 5.16% ACTUAL SITE - SEPTEMBER 2017

16% Lion s Den Management, LLC ±4,948 Square Feet New Ikea & Topgolf Just Announced Direct Visibility from Freeway Absolute NNN Zero LL Responsibilities #1 Denny s in Arizona by Sales Volume 1 mile

2 INVESTMENT SUMMARY PRICE: $4,300,000 CAP: 5.16% PROPERTY INFORMATION INVESTMENT HIGHLIGHTS Address: 9856 W Camelback Rd Glendale, AZ New 20 Year Lease Began 10/1/17 Sales are 2X National Average for Denny s CAP Rate: Lessee: Building Size: 5.16% Lion s Den Management, LLC ±4,948 Square Feet New Ikea & Topgolf Just Announced Direct Visibility from Freeway Absolute NNN Zero LL Responsibilities #1 Denny s in Arizona by Sales Volume 1 mile to University of Phoenix Stadium (Home of the Arizona Cardinals) 1.5 miles to Gila River Arena (Home of the Arizona Coyotes) Land Area: ±41,382 Square Feet Lease Expiration: September 30th, 2037 Lease Options: 4 x 5 Year Options NOI: $222,000 Lease Type: Absolute NNN Lease Increases: 7.5% Every 5 Years Guarantee: 6 Unit Entity The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no representation, guarantee or warranty about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, estimates, opinions use are for example only. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

3 LOCAL MAP

4 REGIONAL MAP

5 SPRING TRAINING MAP

6 LOCAL STADIUM MAP

7 AZ GUARANTOR LOCATIONS

8 SITE PHOTOGRAPHY ACTUAL SITE - SEPTEMBER 2017

ABOUT DENNY S & FRANCHISEE ABOUT DENNY S Denny s is America s diner.

From breakfast anytime to satisfying lunches and dinners, if you re in the mood for it, chances are we re serving it.

ABOUT FRANCHISEE Lion s Den Management was conceived in the spring of 2006 by five successful Denny s franchisees, Doug Koch, William Cox, Robert Gentz, Kimberly Qualls and Robert Duskin, who are

9 ABOUT DENNY S & FRANCHISEE ABOUT DENNY S Denny s is America s diner. This is where guests have come for over 60 years now to sit back, relax and enjoy delicious, hearty meals 24/7, every day of the year. From breakfast anytime to satisfying lunches and dinners, if you re in the mood for it, chances are we re serving it. Denny s is always open, always welcoming and always serving up hearty diner food along with a mug of fresh hot coffee. ABOUT FRANCHISEE Lion s Den Management was conceived in the spring of 2006 by five successful Denny s franchisees, Doug Koch, William Cox, Robert Gentz, Kimberly Qualls and Robert Duskin, who are located within the greater Phoenix market. The idea was to bring the prosperous operators together as a group to mitigate the high cost of real estate and construction the area demanded at that time. The team was formed in 2006 and opened its first of three Denny s restaurants in November 2007, followed by the other two in December 2007 and January The restaurants are located in Gilbert; Tramonton (North Phoenix) and Glendale, respectively. The members continued to grow their own companies in other markets while their management teams supervised the operations of the three Phoenix MSA locations. In 2010, the franchisees formed LD2, LLC to hold a fourth Denny s restaurant which is located in a Flying J truck stop along Interstate 10 and 67th Avenue. Ultimately the last two Denny s were opened in 2011, one is located in Buckeye, AZ and the other in San Tan Valley. In November 2016, with the growth and success of the company, the franchisees decided it would be best to have one District Manager oversee the operations, who is employed by Lion s Den. The backoffice management responsibilities including account, payroll and tax work is performed by the CPA firm owned by Robert Duskin. ACTUAL SITE - SEPTEMBER 2017

RETAIL INVESTMENT GROUP, LLC

RETAIL INVESTMENT GROUP, LLC 6626 E. SUPERSTITION SPRINGS BLVD MESA, AZ 85206 $3,799,354 CAP: 6.35% ACTUAL SITE - TAKEN NOVEMBER 2017 INVESTMENT SUMMARY PRICE: $3,799,354 CAP: 6.35% PROPERTY INFORMATION