100 Village Center Drive, Chapel Hill, NC 27516

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire a two-tenant strip center at 100 Village Center Drive in Chapel Hill, North Carolina ("Property" or "Asset"). The 6,192 SF Property operates on a NN lease structure with a WALT of ±4.4 years and features institutional tenancy from UNC Health Care System and Starbucks Corporation, with additional rental income from a Tesla Supercharger license agreement. Notably, due to Chapel Hill's restrictive permitting, this is the only Starbucks drive-thru location in the town of Chapel Hill proper.

UNC Health is one of the nation's leading academic health systems with an estimated $7.6 billion in annual revenue and a recently upgraded Moody's credit rating of 'Aa2'. Starbucks (NASDAQ: SBUX) is the largest coffee chain in the world by locations with over 40,000 stores globally and a market capitalization of $114.7 billion.

The Property is positioned on the hard corner of Eubanks Road and NC-86, with direct visibility to traffic exiting Interstate 40 at Exit 266 — one of the busiest interchanges in Orange County, with I-40 carrying approximately 77,000 vehicles per day at this segment. Eubanks Road (14,000 VPD) serves as the primary east-west connector linking I-40 to NC-86 (Martin Luther King Jr. Boulevard), Chapel Hill's principal north-south corridor with 29,000+ vehicles per day.

The Property sits roughly 4 miles north of downtown Chapel Hill, and 10 miles southwest of downtown Durham. The surrounding 3-mile radius is home to a highly affluent residential base with average household incomes exceeding $193,000 and strong daytime population driven by UNC, UNC Health, Duke University, and the Research Triangle workforce.

The Property is located within Carraway Village — a 900,000 SF, 55-acre master-planned mixed-use development by Northwood Ravin and is the largest greenfield development site delivered in Chapel Hill in the past decade. At full build-out, the $250 million Carraway Village will include residential, retail, storage, and healthcare components anchored by a credit tenant retail lineup. The development provides the Asset accessibility to ~1,200 residents all within a 5-minute walk.