INVESTMENT HIGHLIGHTS

DOLLAR GENERAL CORPORATE LEASE:

• 3.25 Years of Guaranteed Lease Term (Lease Exp: 09/30/2026)
• 2006 Build to Suit Construction
• Four (4) - Five (5) Year Option Periods with Rental Increases (7% at Option 1 & 12% at Options 2-4)

NN LEASE:

• Landlord Responsibilities Limited to Roof, Structure, HVAC & Parking Lot
• Tenant Pays $488.26 Per Month ($5,859.12 Per Year) for Parking Lot Maintenance Expenses
• Tenant is Responsible for Minor Repairs (Costing Less than $1,000.00 per Occurrence) to HVAC System
• Tenant is Required to Carry a Quarterly Maintenance Service Contract for the HVAC System

MERITAGE HOMES PROPOSED DEVELOPMENT:

• Located 3 Miles from the Subject Property
• Meritage Homes Recently Submitted Plans for a New Housing Community Called Lyon Station
• The Proposed Development Would Be Built on 334 Acres Along Interstate 85
• Site Plans Call for 647 Single-Family Lots and 201 Townhomes

GRANVILLE CORRECTIONAL INSTITUTION:

• Located 2.3 Miles from the Subject Property
• Established in 1995
• 4 Units and 1 Medical Center
• 4,048 Federal Inmates

CLOSE PROXIMITY TO SCHOOLS:

• Butner-Stem Elementary School (0.2 Miles Away) - 444 Students
• Butner-Stem Middle School (0.7 Miles Away) - 498 Students

PROXIMITY FROM BUTNER, NORTH CAROLINA:

• Durham, NC | 15 Miles
• Raleigh, NC | 28 Miles
• Greensboro, NC | 66 Miles
• Winston-Salem, NC | 92 Miles
• Fayetteville, NC | 92 Miles
• Charlotte, NC | 157 Miles

TRADE AREA DEMOGRAPHICS:

• 1-Mile Population: 3,267 Residents
• 1-Mile Average Household Income: $76,676
• 3-Mile Population: 13,356 Residents
• 3-Mile Average Household Income: $92,539
• 5-Mile Population: 20,170 Residents
• 5-Mile Average Household Income: $90,618
• 7-Mile Population: 29,620 Residents
• 7-Mile Average Household Income: $102,438

TENANT:

• Dollar General Corporation (NYSE: "DG")
• Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
• 19,488 Stores in 47 States as of August 4, 2023