Well Known, Brand Name Tenant Driving Sales

• Scooter’s Coffee has over 600 stores, with plans to open 1,000 stores by the end of 2024
• Located in over 20 states

Attractive Lease Fundamentals

• 15 year ground lease provides next owner with zero landlord responsibilities
• 10% rental increases in primary term and in option periods

Strong Surrounding Demos in High-Growth MSA

• More than 73K people live in a 3-mile radius
• AHHI is approximately $70k in a 3-mile radius
• Wilmington MSA has grown 8.32% from 2020 to 2023

Located on Wilmington’s Main Retail Corridor

• Over 1.6MSF of retail space is located in a 1-mile radius, boasting a 0.85 vacancy rate
• Nearby national retailers include: Publix, Aldi, Chick-Fil-A, Chipotle, Dunkin’, and Burger King

Well Positioned on High Trafficked Road

• Subject site is positioned on the morning side of S. College Rd (48K VPD) to University of North Carolina Wilmington (18K enrollment)

Close Proximity to UNC Wilmington

• Subject site is less than 2 Miles to UNCW
• Total enrollment of 18k
• UNCW generated more than 9,200 jobs in the region and more than $335 million in labor income