3401 VILLAGE DR Fayetteville NC 28304-4516

The first tenant is the General Services Administration of the United States of America (the “GSA”). The GSA is currently completing construction on the build-out of its space and signed a fifteen (15) year lease that will commence upon completion of the work. The expense structure under the lease is Modified Gross with 100% reimbursement of taxes over the Base Year Tax and CPI-based increase reimbursements over the Base Year Operating Expenses. The GSA occupies around 44% of the total RBA.

The second tenant is the State of North Carolina and it is used by the Department of Revenue (the "DOR"). The DOR signed a ten (10) year, full service lease that commenced in April of 2018 with three percent (3%) annual rental increases.

The third and final tenant is Piedmont Physical Therapy Specialists, LLC and it has signed an 87-month lease ending December 31, 2026. Its lease is NNN and annual base rent increases at a rate of two percent (2%) annually.

The Property consists of 1.29 acres and a three story, 28,434-SF office that was built in 2017 and is currently undergoing very specified build-out for its final tenant. Situated with immediate proximity to Cape Fear Valley Medical Center on the southwest side of Fayetteville, the Property is neighbored by many of the region's largest office users. There are over 150,000 in population in the five mile radius with average household income in excess of $56,000.

• Dense Medical and Office District
• Top MSA in North Carolina
• Strong Military Base
• Government Leases
• Likelihood of Renewal
• Strong Credits
• Strong State for Business
• Revenue-Generating Tenant
• Favorable Leases
• Increasing Yield