Corporate Guarantee from Strong Credit Tenant

• PNC Bank (NYSE: PNC) is the 6th largest bank in the United States
• PNC Holds over $553.1B in assets
• S&P Rating: A-

Attractive Lease Fundamentals

• 2% annual rental increases during the term
• No Landlord responsibilities

Long Operating History

• PNC has been operating at this location for over 20 years
• PNC recently extended the lease in 2023 for 5 ye

Strong Surrounding Demographics

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

High Visibility in Major Retail Hub

• Situated at the intersection of Kempsville RD (32,000 VPD) & Providence Rd (24,000 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