Attractive Lease Fundamentals

• 15 year Abs. NNN lease provides next owner with zero landlord responsibilities
• 8.0% rental increases every 5 years

Highly Accessible & Visible Site

• Subject site is located at the lighted intersection of S. Horner Blvd (24K VPD) & Dalrymple St with ingress and egress provided on both roads
• Shared access with the adjacent Circle K

Located in a Major Retail Trade Area

• Approximately 990K SF of retail space within a 1-mile radius boasting a 1.2% vacancy rate
• Nearby Retailers include: Planet Fitness, Food Lion, Cookout, Taco Bell, Dollar Tree, and O’Reilly Auto Parts

Fully Renovated Building

• Tenant has added major capital improvements to the building to suit their operations needs

Medtail Asset Class

• According to Costar Group, the proportion of lease medical space in retail building has grown 16% in 2010 to 20% today
• Nearly 70% of US adults have visited a healthcare provider located in a shopping center as retail medical tenants

A Top Performing Market Nationally

• Raleigh, NC ranked #3 in 2023 of best residential markets (Rocket Mortgage)
• Raleigh forecasts a 44% job growth over the next 10 years (3.0% growth from 2021 to 2022)
• Raleigh ranked #3 best places to live for 2023-2024 (U.S. News)