STRONG LEASE FUNDAMENTALS

• 10 Year Abs. NNN Lease with a rent escalation in year 6 and 2 extension periods
• 10% rent increases every 5 years and in option periods

HIGH GROWTH SUBMARKET IN RALEIGH, NC MSA

• Garner has a population growth rate of 3.8% yearly and has grown by 17% since its last census in 2020
• Raleigh forecasts a 44% job growth over the next 10 years
• Raleigh ranked #3 in best places to live for 2023-2024 (U.S. News)

POSITIONED IN A MAJOR COMMERCIAL NODE

• Located inside a strong retail node with over 900k SF of retail space in a one mile radius boasting a 0% vacancy rate
• Nearby major retailers include: Target, Burlington, Pet Smart, T.J. Maxx
• Total of ~2.5 MSF of commercial real estate in a one mile radius with an overall vacancy rate of 1.5%

EASILY ACCESSIBLE

• Full access into the site from Timber Drive East
• Approximately 1.5 miles to US - 70 & I-40 interchange

VALUABLE LOCATION

• Over 1,500 multifamily units in a one mile radius
• Cross access to Adeline White Oak Apartments ~336 units
• Across the street from Abberly Place Apartments ~600 units

STRONG TENANT THAT FILLS A MARKET VOID

• Fit4Life has 18 locations throughout the Triangle and Eastern North Carolina
• Next closest fitness concept is over 2.5 miles away