916 E Innes St, Salisbury, NC 28144

LEASE TERMS: Starbucks has been at this location since it was constructed in 2005 and has continuously extended their lease, demonstrating their commitment to the site and market. Starbucks has 4+ years remaining on their lease with four (4), 5-year renewal options, Jersey Mike’s has 5+ years remaining on their lease with two (2), 5-year renewal options, Nothing Bundt Cakes has 8+ years remaining on their lease with two (2), 5-year renewal options, and Novant Health – Go Health Urgent Care has 6+ years remaining on their lease with two (2), 5-year renewal options. Starbucks benefits from a patio with outdoor seating and a dedicated drive-thru lane.

ATTRACTIVE RENT INCREASES: Starbucks’ lease features 7% rent increases at the start of reach renewal option, Jersey Mike’s lease features 10% rent increases every five years throughout the primary lease terms and at the start of each renewal option. Nothing Bundt Cakes and Novant Health – Go Health Urgent Care’s leases feature 2% annual increases throughout the primary term and renewal options, providing the investor with an attractive increase in revenue and hedge against inflation.

MINIMAL LANDLORD RESPONSIBILITIES: All four tenants reimburse their pro- rata share of all operating expenses, including taxes, insurance, and common area maintenance, making it an attractive investment for the passive real estate investor. Starbucks, Jersey Mike’s and Nothing Bundt Cakes leases provide for a 5% cap on the controllable operating expenses.

INVESTMENT GRADE ANCHORS: Novant Health – Go Health Urgent Care is a joint venture between Novant Health and GoHealth Urgent Care, designed to provide convenient, on-demand medical services across North Carolina. Novant Health– GoHealth Urgent Care operates approximately 33 locations, all concentrated in North Carolina, with continued expansion in key metropolitan areas such as Charlotte, Winston-Salem, and Asheville. Starbucks Corp. (NASDAQ: SBUX) boasts an investment grade credit rating of BBB+ (S&P) and Baa1 (Moody’s). Starbucks has a market cap of approximately $106.9 billion (3/23/2026) and reported FY 2025 revenues of $37.2 billion, a 3.0% increase over 2024 revenues.

EXPERIENCED OPERATORS: Jersey Mike’s and Nothing Bundt Cakes are operated by two experienced franchisees in their respective systems. Jersey Mike’s is operated by ACD Subs Salisbury, LLC, an experienced operator with 15+ locations, and Nothing Bundt Cakes is operated by Frostin City Limits, an experienced operator with over 30 locations.

STRATEGIC RETAIL LOCATION: Towne Creek Commons is adjacent to the signalized intersection of Arlington Street and E Innes Street, the area’s primary commercial and commuter corridor. Situated in the heart of Salisbury’s commercial district and Towne Creek Commons enjoys outstanding frontage and visibility and is surrounded by national and local retailers and restaurants that drive traffic to the area. Towne Creek Commons also offers quick access to the area’s main roads including US Routes 52, 29 and 601, as well as Interstate 85.

TRADE AREA: Additional retailers bringing consumers to the immediate trade area include Walmart Supercenter, Lowes, Food Lion, Aldi, Ashley, Big Lots, Marshalls, PetSmart, Cinemark Tinseltown Salisbury, Anytime Fitness, Staples, CVS, Walgreens, Firestone, Mavis, AutoZone, Dollar Tree, Outback, Buffalo Wild Wings, Cracker Barrel, Panera, Chick-fil-A, McDonald’s, Wendy’s, KFC, Taco Bell, Burger King, Bojangles, Cook Out, IHOP, Zaxby’s, Dominos, Dunkin’ and 7-Eleven.

TRAFFIC COUNTS: Approximately 43,600 vehicles per day pass by the Property at the signalized intersection of E Innes Street and Arlington Street. An Additional 101,200 vehicles pass near the Property along Interstate 85.

STRONG DEMOGRAPHICS: More than 33,300 people live within 3 miles of the Property with an average household income of $86,384. Over 57,500 people live within a 5-mile radius of the Property with an average household income of $88,098.