Big Lots

20-Year Absolute NNN Lease with 2% Annual Increases

PREMIER TENANT - Big Lots, Inc (NYSE: BIG) is one of the world’s leading discount retail providers. Founded in 1967, today Big Lots is headquartered in Columbus, Ohio, and operates approximately 1,425 stores in 48 states. They offer an extensive assortment of brand name items and quality products, including food, furniture, seasonal items, electronics and accessories, home décor, toys, and gifts.

OPTIMAL NET-LEASE STRUCTURE - The Properties feature twenty (20)-year individual absolute net-leases where the Tenant is directly responsible for all operating expenses, insurance, and real estate taxes. The lease structure provides investors with superior long-term capital protection in the form of rental rate increases.

FAVORABLE RENEWAL TERMS & ATTRACTIVE NOI GROWTH - Renewal options will vary by state. All initial term and renewal periods will feature a 2.0% annual increase providing for long-term income growth.

STRONG REAL ESTATE FUNDAMENTALS - Characteristically situated amid retail corridors or within robust industrial hubs, an overwhelming majority of the Properties are situated along a bustling local or regional thoroughfare with excellent access and prominent visibility. Across the entire Portfolio, almost 89% of the NOI is generated from Properties located in California, Colorado, Florida and Texas.

ATTRACTIVE DEMOGRAPHIC PROFILES - Within three miles of the Properties, the average population is greater than 144,000 with an average household income of nearly $86,100. Within five miles of the Properties, the average population is more than 333,000 and the average household income is in excess of $93,000.

APPEALING RENTAL RATES & ACQUISITION BASIS - The properties are leased below market rents with annual rents of $10.00 PSF average for Retail Store Properties. The Portfolio provides for an excellent basis for a collection of well-located premier retail assets.

FREE & CLEAR OF FINANCING - The Properties will be transferred free and clear of debt. Investors will be able to capitalize on today’s attractive debt markets and secure highly aggressive and favorable financing. Please contact Scott Budzenski (+1 310 363 4936; [email protected]) with CBRE’s Debt & Structured Finance team to discuss the attractive financing options currently available.

STRONG INTRINSIC VALUE - Anticipated pricing could be below replacement cost, providing strong long-term residual value. Additionally, large lots with attractive zoning potentially allow higher density future redevelopment.

OFFERED AS SUB-PORTFOLIOS OR A PORTFOLIO - The Seller will entertain offers for the entire 22-property portfolio, sub-portfolio, or individual property sales to cater to buyer’s preferences.

VALUE-ADD POTENTIAL - With large lots and ample parking, the sites and leases potentially allow pad development with tenant approve. Please contact agent for details.