Corporate Guarantee from Strong Credit Tenant

• Truist Financial (NYSE: TFC) is the 7th largest bank in the United States
• Truist holds over $543B in assets
• S&P Rating: A-

Attractive Lease Fundamentals

• 10% rental increase during current term
• Rent adjusts to Fair Market Value in the Extension Term
• No LL responsibilities

Long Operating History

• Truist/Sun-Trust has been operating at this location for over 25 years
• Truist recently extended the lease
• $109M in deposits at this location (110% increase from 2018), most out of all branches in the Virginia Beach

Strong Surrounding Demographics

• Over 322k people live within a 5-mile radius
• Average household income is nearly $100K
• Nearly 500k residents live within a 15 minute drive time

High Visibility In Major Retail Hub

• Situated at the intersection of Kempsville Rd (32k VPD) & Providence Rd (24K VPD)
• Over 800k SF of retail located in 1 mile radius
• Fairfield Shopping Center has recently gone through $1.5M of capital improvements
• Nearby National Tenant’s include: TJ Maxx, Kroger’s, Starbucks, Verizon, and Chase