FRED S STORE 12-YEAR / NN Kershaw, SC

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1 FRED S STORE 12-YEAR / NN Kershaw, SC * Rendering of Actual Location * * Actual location not shown * Brand New - Upgraded Construction Pharmacy Location (Relo) Rent Commenced: October 2017 Located in Charlotte, NC MSA Split Face Block & Nichiha Panels The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.

FRED'S NET LEASE * Actual location not shown * * Actual location shown * 405 South Hampton Street Kershaw, SC 29067 Building Size: 16,799 Square Feet Kershaw, SC Land Size: Parking: Area Tenants:

68 per building SF) Initial Rent Commencement: October 1, 2017 Lease Expiration: September 30, 2029 Initial Lease Term: Renewal Options: Rent Increases: 12-Year - NN Three (3) / 5-Year Renewal

2 FRED'S NET LEASE * Actual location not shown * * Actual location shown * 405 South Hampton Street Kershaw, SC Building Size: 16,799 Square Feet Kershaw, SC Land Size: Parking: Area Tenants: Approx Acres Adequate Family Dollar, IGA, Bojangles, Subway, Shell, Rite Aid, Dollar General, Dollar Tree Current Annual Rent: $162, ($9.68 per building SF) Initial Rent Commencement: October 1, 2017 Lease Expiration: September 30, 2029 Initial Lease Term: Renewal Options: Rent Increases: 12-Year - NN Three (3) / 5-Year Renewal Options 3% in Renewal Options Demographics: 1-MILE 3-MILE 5-MILE Population: 2,339 4,266 7,797 Median Income: $34,152 $35,977 $37,127 Average Income: $44,986 $46,712 $47,717 Tenant Responsibility: Lessor Responsibility: Lease Guarantor: Real Estate Taxes, Insurance, Interior, & Minor repairs to HVAC (Up to $750 per unit / per year) CAM Reimbursement: $461.97/ Mos. Roof, Structure, Parking Lot & CAM Fred s, Inc. Nasdaq : FRED CONTACT INFORMATION Gregory Fitzgerald (800) gfitz@tri-oak.com

3 AERIAL VIEW WITH AREA TENANTS FRED'S NET LEASE

4 FRED'S NET LEASE National Retailers within 10-Mile Radius Red: 1 Mile Radius Green: 5 Mile Radius Blue: 10 Mile Radius

5 Traffic Counts Data from: 2010 FRED'S NET LEASE Red: 1 Mile Radius 4,800 4,500 1,650 7,600

6 Traffic Counts Data from: 2010 FRED'S NET LEASE Red: 1 Mile Radius Green: 3 Mile Radius Blue: 5 Mile Radius 4,000 2,300 1,400 3,500

7 FRED'S NET LEASE SITE PLAN

8 Kershaw, SC Lancaster County Kershaw, South Carolina is located in the North Central portion of the state in Lancaster County. It is 55 miles Southeast of Charlotte, NC, and is included in the Charlotte MSA, which is the the largest city in North Carolina. In 2014, the Charlotte metropolitan area had an estimated population of 2,380,314 and was the 17 th largest city in the United States. Kershaw, SC is home to The Haile Gold Mine, which was discovered in At one time, this was considered the single largest producer of gold in the Appalachian region, and is still considered one the largest and most advanced gold mines along the East Coast. Charlotte is the second largest banking center in the United States with the corporate headquarters of Bank of America and the east coast operations of Wells Fargo. It is also home to nine Fortune 500 companies. Kershaw is 66 miles Southeast of Charlotte Douglas International Airport. It is the 6 th busiest airport in the United States by passenger traffic and aircraft movements. In 2016, the passenger traffic was over 44.4 million. This airport is the 2 nd largest hub for American Airlines, with 154 domestic and international destinations. The airport has 97 gates and is adding 25 additional gates by 2020.

9 Corporate Profile As of: 06/21/ Source: finance.yahoo.com/q?s=fred&ql=0

Tracing its history back to an original store in Coldwater, Mississippi opened in 1947, today Fred's is headquartered in Memphis, Tennessee and operates almost 700 discount general merchandise

With a unique store format and strategy that combines the best elements of a discount dollar store, drug store and mass merchant, Fred's stores stock more than 12,000 frequently purchased items that

10 Tracing its history back to an original store in Coldwater, Mississippi opened in 1947, today Fred's is headquartered in Memphis, Tennessee and operates almost 700 discount general merchandise stores, including 24 franchised Fred's stores, mainly across the southeastern states. With a unique store format and strategy that combines the best elements of a discount dollar store, drug store and mass merchant, Fred's stores stock more than 12,000 frequently purchased items that address the everyday needs of its customers. This merchandise includes nationally recognized brand name products, proprietary Fred's label products, and lower-priced, and offbrand products. The company has two distribution centers, one in Memphis, Tennessee, and Dublin, Georgia. Source:

FRED S STORE 12-YEAR / NN McDonough, GA

FRED S STORE 12-YEAR / NN McDonough, GA * Actual location shown * * Rendering of Actual Location * All Brick - New Construction 12-Year Lease Term Pharmacy Location Average Daily Traffic Count: 18K 62,749