STRONG LEASE FUNDAMENTALS

• 10% rental increases every 5 years of initial term
• 8% rental increases every 5 years during options periods
• Absolute NNN Ground lease providing no Landlord Responsibilities
• Four (4) - Five (5) year option periods

INVESTMENT GRADE TENANT

• Murphy USA has a Market Cap of over $10.45B
• Has over 1,700 locations
• Corporate Lease with a strong investment tenant

HIGH GROWTH AND AFFLUENT TRADE AREA

• Site is positioned in high growth Hickory, NC
• The Murphy Oil is located in between three large North Carolina Cities, Charlotte, Asheville, and Winston-Salem
• The town of Hickory, NC has seen rapid growth over the past few years with an average growth rate of 1.22% annually

POSITIONED IN A DENSE INDUSTRIAL NODE

• Within a 1-mile radius of the Murphy Oil is more than 3.7MSF of industrial Space
• Nearby National Industrial Employers Include: Pepsi Bottling Group, Trane Supply, Master Tech Auto Supplies, Performance Food Group, United Beverages (Broke ground on a 67,000 Sqft expansion)
• Nearby retailers include: McDonalds, Dunkin’, Starbucks, and more

NEARBY ECONOMIC DEVELOPMENT

• Located 1-mile from the Appalachian State University - Hickory Campus
• More than 500 students attend this location
• More than 21K students were enrolled in fall 2024 at all campuses
• There are proposed plans between the city of Hickory and Appalachian State University to create an additional 30 acre satellite campus

HICKORY, NC DEMOGRAPHIC GROWTH INDICATORS

• The city of Hickory, NC is recognized as the economic center of the Catawba River Valley
• Hickory has 2 universities driving growth (LenoirRhyne and App State)
• Average household income within 5-miles of the site is over $86K and population in the same radius is over 68K