Attractive Lease Fundamentals

• 10 year lease provides next owner with stable cash flow for the next decade
• 10% rental increases in primary term and in option periods
• 3 x 5 year option periods

Name Brand Tenant

• Caribou Coffee has over 700 locations worldwide
• Caribou Coffee is a subsidiary of Panera Brands (parent company of Panera Bread and Einstein Bagels)

High Earning Demographics

• Average household income exceeds $116K in a 3-mile radius
• Over 17K people live within a 3-mile radius

Easily Accessible to Major Interstate

• Subject site is located at a full access interchange on Hwy 801 (14.5K VPD) with access to Hwy 158 (13K VPD)
• Half mile from I-40 (51.5K VPD) exit, which is a major logistics and commuter interstate

Near Market Drivers

• Atrium Health Wake Forest Baptist Davie Hospital (~0.8 miles) a 50 bed hospital
• Approximately 2 miles to Bermuda Run Country Club, an 18 hole golf course, tennis and fitness center

New Construction of “Coffee Cabin” Prototype

• New building with Caribou’s new Coffee Cabin Concept, which maximizes service efficiency, reduces cost, and increase profitability
• New roof and structure with transferable warranties in place