130 NC-801, Advance, NC 27006

HIGH EARNING DEMOGRAPHICS

• Average household income exceeds $116K in a 3-mile radius

• Over 17K people live within a 3-mile radius

ATTRACTIVE LEASE FUNDAMENTALS

• 10 year lease provides next owner with stable cash flow for the next decade

• 10% rental increases in primary term and in option periods

• 3x5 year option periods

NAME BRAND TENANT

• Caribou Coffee has over 700 locations worldwide

• Caribou Coffee is a subsidiary of Panera Brands (parent company of Panera Bread and Einstein Bagels)

EASILY ACCESSIBLE TO MAJOR INTERSTATE

• Subject Site is located at a full access interchange on Hwy 801 (14.5K VPD) with access to Hwy 158 (13K VPD)

• Half mile from an I-40 (51.5K VPD) exit, which is a major logistics and commuter interstate

NEAR MARKET DRIVERS

• Atrium Health Wake Forest Baptist Davie Hospital (~0.8 miles) a 50 bed hospital

• Approximately 2 miles to Bermuda Run Country Club, an 18 hole golf course, tennis and fitness center

NEW CONSTRUCTION OF “COFFEE CABIN” PROTOTYPE

• New Building with Caribou’s new Coffee Cabin Concept, which maximizes service efficiency, reduces cost, and increase profitability

• New roof and structure with transferable warranties in place