STRONG LEASE FUNDAMENTALS

• 10% rent increase every 5 years and during options periods
• Absolute NNN providing no Landlord Responsibilities
• 15 Year Lease with Three (3) - Five (5) year option periods

INVESTMENT GRADE TENANT

• Corporate Guaranty from Investment Grade Tenant - Panera Bread
• More than 2,100 locations across the country
• Company Revenue in 2022 exceeded $4.8 billion

HIGH PROFILE SITE IN DOMINANT RETAIL NODE

• Property is located off of Highway 16 (33.5k VPD) which connects Denver to Charlotte, NC
• Over 1.1MSF of retail space in a one mile radius of the site
• Nearby National Retail Tenants include: Walmart Supercenter, Lowe’s Home Improvement (86th Percentile; Placer.ai), Tractor Supply Co., and More

CHARLOTTE, NC MSA

• Denver, NC is located just 25 miles north of downtown Charlotte, NC
• Charlotte’s population grew the third fastest in the country during 2022- 2023
• Charlotte is also the nation’s second-largest banking center, behind only New York City

LAKE NORMAN MARKET

• Denver, NC is located on the west side of Lake Norman which boasts an AHHI of over $125K
• The lake is a destination spot that pulls more than 6 million people a year from across the country
• The man made lake boasts more than 500 miles of shoreline and is the largest lake in NC

NEW CONSTRUCTION

• The site was completed in 2023 and comes with warranties that are transferable to the new owner