Investment Overview

“A” RATED INVESTMENT GRADE TENANT • The lease is guaranteed by Bridgestone, parent company of Firestone, which is the world’s largest manufacturer of tire and rubber products. • Bridgestone/Firestone has an investment grade credit rating of “A” by S&P, giving it the highest credit rating in the auto-service sector. • Founded in 1900 Firestone is a wholly owned subsidiary of the Bridgestone Retail Operations, LLC, which has four retail brands and over 2,200 locations nationwide. • In 2018, Bridgestone (NYSE: BRDCY) had revenue in excess of $33.1 billion and ranked #365 on the Fortune 500 list. NEW 15 YEAR CORPORATE NNN FIRESTONE • New 6,262 SF Firestone with 7 service bays that is scheduled to deliver in August 2024. • The subject property has a 15-Year lease guaranteed by Bridgestone Retail Operations, LLC (Corporate). • The lease is absolute NNN and the tenant is responsible for all taxes, insurance, CAM, roof and structure. • There are attractive 5% rental increases every 5 years during the initial lease and each of the five, 5-year option periods. OUTPARCEL TO TOP PERFORMING RELOCATION FOOD CITY (TOP 98% IN THE COUNTRY) • This Firestone is an outparcel to the #1 performing Food City in Virginia and ranks 3rd out of 129 Food Cities in the country according to Placer.ai (Top 98%). • The Food City was built in 2019 and is a relocation of an former Food City in Abingdon, VA. • Food City was a part of a 30 acre development that included several other retail outlets, restaurants and hotels. The property was originally part of a 70 acre parcel. The remaining 40 acres were donated to the Town of Abingdon to construct a new sports complex. • This private development investment cost $30 million and the project included nearly 191,150 square feet of new retail, office, and hotel space. • The project represents approximately 688 jobs, 300 of which are new jobs created as a result of the development. • The development included significant road improvements to the Exit 17 area. Cook Street and Green Springs Road are now part of a four-way controlled intersection which as improved traffic flow. ACROSS FROM THE MEADOWS SPORTS COMPLEX • The Meadows is a new construction Sports Complex that is approximately 34 acres, and is a state of the art sports facility and community park, located in downtown Abingdon, VA. • The complex offers 4 baseball fields, 3 soccer fields, a bike trail, a walking track, and direct access to the Virginia Creeper Trail. • In total, the Meadows included $40 million in private investments and created 300 jobs. INTERSTATE LOCATION (52,000 VPD) • The subject property is located off interstate 81 (52,000 VPD). • I-81 circumvents major metro areas to connect smaller and mid-size cities from Tennessee to the New York/Canadian Border. • It is the primary north-south freight corridor along the eastern part of the US, handling more truck traffic than I-95 does south of Washington, DC. • Nearly 50% of the state’s value of goods are transported along the corridor, which has the highest per capita truck volume in Virginia.