B P G AS S TAT I O N G R O U N D L E AS EC H A R LOT T E , N C

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C O N F I D E N T I A L I T Y 18

NC RE LICENSE NO.: C9467

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CAMBRIDGE COMMONS DR N/A

HARRISBURG RD 12,500

I-485 52,500

P R O P E R T Y D E T A I L S

NAME BP GAS STATION GROUND LEASE NET OPERATING INCOME $99,187

ADDRESS 7910 CAMBRIDGE COMMONS DRIVE RENT INCREASES 15% ON JANUARY 1 IN 2026, 2029 & 2034

MARKET CHARLOTTE, NC 28215 RENT COMMENCEMENT DECEMBER 14, 1998

BUILDING SIZE APPROX. 4,000 SF RENT EXPIRATION DECEMBER 31, 2038

LAND SIZE 1.81 AC LEASE TYPE ABSOLUTE NET GROUND LEASE

PARKING* 19 SPACES ORIGINAL LEASE TERM 15 YEARS

TENANT BP PRODUCTS NORTH AMERICA, INC. LEASE TERM REMAINING 21.5 YEARS

YEAR BUILT 1998 OPTIONS NONE

RIGHT OF FIRST REFUSAL YES, 15 DAYS FROM SIGNED LOI ASKING PRICE $2,045,000 (4.85% CAP RATE)

D E M O G R A P H I C S N A P S H O T

1-MILE 3-MILE 5-MILE

2022 POP. PROJECTION 7,584 33,074 112,894

2017 POP. ESTIMATE 6,850 29,928 103,463

POP. GROWTH 2000-2017 150.91% 123.61% 70.95%

HH GROWTH 2000-2017 136.96% 112.48% 60.42%

2017 EST. AVG. HH INCOME $80,286 $80,778 $74,383

for detai led demographics, p lease cl ick HERE

*There are 16 fuel pumps on site.

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A2/A CREDIT TENANTBP P.L.C. is a British multinational oil and gas company headquartered in London, England. As of December 31, 2016, BP had operations in 72 countries worldwide, produced around 3.3 million barrels per day and had total proved reserves of 17.81 billion barrels of oil equivalent. The company has around 18,000 service stations worldwide with their largest division as BP America in the United States. BP (NYSE:BP) has an excellent credit rating of A2/A.

VERY LONG TERM GROUND LEASE | 21.5 YEARS REMAININGBP has successfully been operating at the subject location since 1998. The initial 15 year term was set to expire in 2013. In 2010, the tenant exercised all three of their five-year options, extending out until 2028. Just recently in 2017, the tenant and landlord agreed to add an additional 10 years of term to the end of the lease in 2028. There are now 21.5 years remaining then no renewal options.

THREE 15% RENT INCREASESThere are three very large 15% rent increases built in throughout the term over the next 21.5 years. The rent will increase by 15% in 2026, 2029 and 2034. Be-tween the lease term remaining and large rent increases, an investor should feel extremely safe about this investment.

RECENT RENOVATIONThe tenant recently made improvements to both the exterior and interior of the building.

LARGE 1.81 ACRE PARCELThis large 1.81 acre parcel is 0.1 miles off Interstate-485. A fuel station on this site is, without question, serving as the highest and best use as the only gas station at exit 39.

I-485 CONSUMER TRAFFICBP largely benefits from the 52,500 VPD that pass exit 39 on I-485. The fuel sta-tion is conveniently positioned immediately off the exit ramp.

VERY GOOD PRICE VERSUS TOTAL COST APPROACH | TENANT INVESTMENTThe tenant has bade a major investment in the building, some site work, and soft costs all subordinate to a reasonable rent based only on land value. Therefore, the ground lease owner intrinsically has more price protection and upside relative to total replacement cost.

EXCELLENT POPULATION GROWTH | STRONG HOUSEHOLD INCOMEThis submarket of Charlotte has experienced high growth since 2000 as the pop-ulation inside of three miles has increased by 123%. That same population inside three miles is projected to increase by 10.51% over the next five years. Average income levels of $80,000 per household compliment the growth well.

MINIMAL NEARBY COMPETITIONFor roughly four miles on I-485, BP is one of the only gas stations immediately off the interstate accessible to vehicles at nearby exits.

CONTINUED SUBURBAN DEVELOPMENTRooftops continue to dominate the immediate area as residential home building has flourished over the past 20 years. This trend is forecasted to continue as household are expected to grow at a rate of 10% in the next five years.

WELL-PERFORMING FOOD LION CENTERFood Lion recently underwent a $2MM interior renovation in 2016-2017. This upfit complements an already aesthetically pleasing exterior of the shopping center. In addition, Food Lion has reported excellent sales in recent years. Also, the adjacent Wendy’s performs well above the company’s average unit sales volume.

180 ACRE MIXED USE DEVELOPMENT COMING NEARBYOn June 21, 2017, it was announced that city council approved a massive new 180 acre development one exit down at I-485 and Rocky River Road. Considered to be Charlotte’s next Birkdale Village, this 180 acre development called Farmington will include: a 120-room hotel, 200,000 SF of retail, 160,000 SF of office, 300 town-houses, 275 apartments, 120 units of ‘active senior’ housing and a 14-screen mov-ie theater. This development will expedite growth in the surrounding submarkets.

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CITY COUNCIL APPROVES MASSIVE NEW 180 ACRE DEVELOPMENT – CHARLOTTE’S NEXT BIRKDALE VILLAGE

As Charlotte continues it’s ever expansive growth trend, there’s one thing everyone seems to be asking for – more retail.

This past Monday night, the Charlotte City Council approved a major new re-tail-heavy 180-acre development in North Charlotte, called Farmington. The new mixed-use development will be similar to Baxter Village in Fort Mill, Birkdale Village in Huntersville, and Arsley [sic] in South West Charlotte – only bigger.

It will be built on a 180-acre tract of raw land just north of Rocky River Road near I-485.

According to MPV Properties, the new Farmington development will include:

• A 120-room hotel.• A 14-screen movie theater.• 200,000 square feet of retail space.• 160,000 square feet of office space, including medical offices.• 300 townhouses.• 275 apartments.• 120 units of “active senior” housing.• It will also include walking trails, bike lanes, and a greenway connection.

June 21, 2017www.charlottestories.com

Click HERE to view article online.

F U T U R EF A R M I N G T O N

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T E N A N T O V E R V I E W

Committed to the U.S. economy BP has a larger economic footprint in the U.S. than in any other nation where the company operates, and over the past 10 years no energy company has invested more in America. Since 2006, BP has invested more than $90 billion in oil, gas and renewables in the U.S., as well as the technology to produce them safely.

From the Gulf of Mexico to the North Slope of Alaska, the company’s business activities support about 145,000 American jobs and provide $80 billion in economic impact. BP invests every dollar of profit the company earns in America back into America.

Committed to America’s energy security

To fuel America’s future, BP is focusing on high-value, high-quality projects that play to the company’s distinctive strengths. These include exploration and discovery, deepwater, giant fields and a high — quality downstream business — all supported by leading-edge technology. In 2015, BP produced 643,000 barrels of oil equivalent per day, making the company one of America’s largest oil and natural gas producers. BP also is one of the top refiners in the U.S., with the capacity to process 744,000 barrels of crude oil every day. About 7,000 retail sites operate in the U.S. under a BP brand (BP, ampm and ARCO),

BP in AmericaCommitted to the economy and energy security

together representing 40 percent of the company’s global presence.

BP safely and responsibly provides raw materials that power and heat Americans' homes, fuel vehicles that keep the country moving, and form the building blocks of everyday items ranging from paints and detergents to clothes and packaging.

Committed to BP's communities

With more than 14,000 employees across the country, BP is a strong supporter of communities where the company operates. BP has donated $147 million to U.S. community programs over the past five years and supports a diverse mix of organizations.

In addition to the financial support BP America provides, the BP Foundation has given more than $220 million, or 70 percent of its global spending, to U.S. charities since 2006. The foundation supports science, technology, engineering and math (STEM) education, economic development, practical approaches to environmental issues and humanitarian relief.

BP is committed to America and a secure energy future. The energy the company produces not only keeps America moving, but it also helps drive the American economy.

For 150 years, BP has been contributing to America’s economy and its energy security. Today, the U.S. is central to BP’s global business, and the company is committed to the communities where BP employees live and work.

$90 billion+Investment over the past 10 years(2006-2015)

145,000Jobs supported by BP’s U.S. business activities

1.3 millionBarrels of oil equivalent (BOE) produced and refined per day in 2015

1866ARCO’s oldest heritage company was founded in Pennsylvania in 1866. In 2000, ARCO joined the BP group of companies.

1959BP opens its first office in Anchorage, Alaska. Prudhoe Bay remains one of the largest oil fields in North America, with production topping more than 12 billion barrels.

1987BP acquires Sohio, making it the cornerstone of a new national operation, BP America. Sohio’s history dates back to the Standard Oil Company, which was incorporated in Cleveland, Ohio, in 1870.

1998BP and Amoco merge, becoming the largest producer of oil and gas in the country. Amoco was originally the Standard Oil Company of Indiana, dating back to 1911.

2000One of the world’s most recognized lubricant brands, Castrol, becomes part of the BP group of companies.

Fast facts

BP is the leading marketer of natural gas in North America.

In 2015, BP spent nearly $20 billion with U.S. vendors.

Nearly 40 percent of BP shares are held in the U.S., more than in any other nation.

September 2016

Committed to the U.S. economy BP has a larger economic footprint in the U.S. than in any other nation where the company operates, and over the past 10 years no energy company has invested more in America. Since 2006, BP has invested more than $90 billion in oil, gas and renewables in the U.S., as well as the technology to produce them safely.

From the Gulf of Mexico to the North Slope of Alaska, the company’s business activities support about 145,000 American jobs and provide $80 billion in economic impact. BP invests every dollar of profit the company earns in America back into America.

Committed to America’s energy security

To fuel America’s future, BP is focusing on high-value, high-quality projects that play to the company’s distinctive strengths. These include exploration and discovery, deepwater, giant fields and a high — quality downstream business — all supported by leading-edge technology. In 2015, BP produced 643,000 barrels of oil equivalent per day, making the company one of America’s largest oil and natural gas producers. BP also is one of the top refiners in the U.S., with the capacity to process 744,000 barrels of crude oil every day. About 7,000 retail sites operate in the U.S. under a BP brand (BP, ampm and ARCO),

BP in AmericaCommitted to the economy and energy security

together representing 40 percent of the company’s global presence.

BP safely and responsibly provides raw materials that power and heat Americans' homes, fuel vehicles that keep the country moving, and form the building blocks of everyday items ranging from paints and detergents to clothes and packaging.

Committed to BP's communities

With more than 14,000 employees across the country, BP is a strong supporter of communities where the company operates. BP has donated $147 million to U.S. community programs over the past five years and supports a diverse mix of organizations.

In addition to the financial support BP America provides, the BP Foundation has given more than $220 million, or 70 percent of its global spending, to U.S. charities since 2006. The foundation supports science, technology, engineering and math (STEM) education, economic development, practical approaches to environmental issues and humanitarian relief.

BP is committed to America and a secure energy future. The energy the company produces not only keeps America moving, but it also helps drive the American economy.

For 150 years, BP has been contributing to America’s economy and its energy security. Today, the U.S. is central to BP’s global business, and the company is committed to the communities where BP employees live and work.

$90 billion+Investment over the past 10 years(2006-2015)

145,000Jobs supported by BP’s U.S. business activities

1.3 millionBarrels of oil equivalent (BOE) produced and refined per day in 2015

1866ARCO’s oldest heritage company was founded in Pennsylvania in 1866. In 2000, ARCO joined the BP group of companies.

1959BP opens its first office in Anchorage, Alaska. Prudhoe Bay remains one of the largest oil fields in North America, with production topping more than 12 billion barrels.

1987BP acquires Sohio, making it the cornerstone of a new national operation, BP America. Sohio’s history dates back to the Standard Oil Company, which was incorporated in Cleveland, Ohio, in 1870.

1998BP and Amoco merge, becoming the largest producer of oil and gas in the country. Amoco was originally the Standard Oil Company of Indiana, dating back to 1911.

2000One of the world’s most recognized lubricant brands, Castrol, becomes part of the BP group of companies.

Fast facts

BP is the leading marketer of natural gas in North America.

In 2015, BP spent nearly $20 billion with U.S. vendors.

Nearly 40 percent of BP shares are held in the U.S., more than in any other nation.

September 2016

Committed to the U.S. economy BP has a larger economic footprint in the U.S. than in any other nation where the company operates, and over the past 10 years no energy company has invested more in America. Since 2006, BP has invested more than $90 billion in oil, gas and renewables in the U.S., as well as the technology to produce them safely.

From the Gulf of Mexico to the North Slope of Alaska, the company’s business activities support about 145,000 American jobs and provide $80 billion in economic impact. BP invests every dollar of profit the company earns in America back into America.

Committed to America’s energy security

To fuel America’s future, BP is focusing on high-value, high-quality projects that play to the company’s distinctive strengths. These include exploration and discovery, deepwater, giant fields and a high — quality downstream business — all supported by leading-edge technology. In 2015, BP produced 643,000 barrels of oil equivalent per day, making the company one of America’s largest oil and natural gas producers. BP also is one of the top refiners in the U.S., with the capacity to process 744,000 barrels of crude oil every day. About 7,000 retail sites operate in the U.S. under a BP brand (BP, ampm and ARCO),

BP in AmericaCommitted to the economy and energy security

together representing 40 percent of the company’s global presence.

BP safely and responsibly provides raw materials that power and heat Americans' homes, fuel vehicles that keep the country moving, and form the building blocks of everyday items ranging from paints and detergents to clothes and packaging.

Committed to BP's communities

With more than 14,000 employees across the country, BP is a strong supporter of communities where the company operates. BP has donated $147 million to U.S. community programs over the past five years and supports a diverse mix of organizations.

In addition to the financial support BP America provides, the BP Foundation has given more than $220 million, or 70 percent of its global spending, to U.S. charities since 2006. The foundation supports science, technology, engineering and math (STEM) education, economic development, practical approaches to environmental issues and humanitarian relief.

BP is committed to America and a secure energy future. The energy the company produces not only keeps America moving, but it also helps drive the American economy.

For 150 years, BP has been contributing to America’s economy and its energy security. Today, the U.S. is central to BP’s global business, and the company is committed to the communities where BP employees live and work.

$90 billion+Investment over the past 10 years(2006-2015)

145,000Jobs supported by BP’s U.S. business activities

1.3 millionBarrels of oil equivalent (BOE) produced and refined per day in 2015

1866ARCO’s oldest heritage company was founded in Pennsylvania in 1866. In 2000, ARCO joined the BP group of companies.

1959BP opens its first office in Anchorage, Alaska. Prudhoe Bay remains one of the largest oil fields in North America, with production topping more than 12 billion barrels.

1987BP acquires Sohio, making it the cornerstone of a new national operation, BP America. Sohio’s history dates back to the Standard Oil Company, which was incorporated in Cleveland, Ohio, in 1870.

1998BP and Amoco merge, becoming the largest producer of oil and gas in the country. Amoco was originally the Standard Oil Company of Indiana, dating back to 1911.

2000One of the world’s most recognized lubricant brands, Castrol, becomes part of the BP group of companies.

Fast facts

BP is the leading marketer of natural gas in North America.

In 2015, BP spent nearly $20 billion with U.S. vendors.

Nearly 40 percent of BP shares are held in the U.S., more than in any other nation.

September 2016

Committed to the U.S. economy BP has a larger economic footprint in the U.S. than in any other nation where the company operates, and over the past 10 years no energy company has invested more in America. Since 2006, BP has invested more than $90 billion in oil, gas and renewables in the U.S., as well as the technology to produce them safely.

From the Gulf of Mexico to the North Slope of Alaska, the company’s business activities support about 145,000 American jobs and provide $80 billion in economic impact. BP invests every dollar of profit the company earns in America back into America.

Committed to America’s energy security

To fuel America’s future, BP is focusing on high-value, high-quality projects that play to the company’s distinctive strengths. These include exploration and discovery, deepwater, giant fields and a high — quality downstream business — all supported by leading-edge technology. In 2015, BP produced 643,000 barrels of oil equivalent per day, making the company one of America’s largest oil and natural gas producers. BP also is one of the top refiners in the U.S., with the capacity to process 744,000 barrels of crude oil every day. About 7,000 retail sites operate in the U.S. under a BP brand (BP, ampm and ARCO),

BP in AmericaCommitted to the economy and energy security

together representing 40 percent of the company’s global presence.

BP safely and responsibly provides raw materials that power and heat Americans' homes, fuel vehicles that keep the country moving, and form the building blocks of everyday items ranging from paints and detergents to clothes and packaging.

Committed to BP's communities

With more than 14,000 employees across the country, BP is a strong supporter of communities where the company operates. BP has donated $147 million to U.S. community programs over the past five years and supports a diverse mix of organizations.

In addition to the financial support BP America provides, the BP Foundation has given more than $220 million, or 70 percent of its global spending, to U.S. charities since 2006. The foundation supports science, technology, engineering and math (STEM) education, economic development, practical approaches to environmental issues and humanitarian relief.

BP is committed to America and a secure energy future. The energy the company produces not only keeps America moving, but it also helps drive the American economy.

For 150 years, BP has been contributing to America’s economy and its energy security. Today, the U.S. is central to BP’s global business, and the company is committed to the communities where BP employees live and work.

$90 billion+Investment over the past 10 years(2006-2015)

145,000Jobs supported by BP’s U.S. business activities

1.3 millionBarrels of oil equivalent (BOE) produced and refined per day in 2015

1866ARCO’s oldest heritage company was founded in Pennsylvania in 1866. In 2000, ARCO joined the BP group of companies.

1959BP opens its first office in Anchorage, Alaska. Prudhoe Bay remains one of the largest oil fields in North America, with production topping more than 12 billion barrels.

1987BP acquires Sohio, making it the cornerstone of a new national operation, BP America. Sohio’s history dates back to the Standard Oil Company, which was incorporated in Cleveland, Ohio, in 1870.

1998BP and Amoco merge, becoming the largest producer of oil and gas in the country. Amoco was originally the Standard Oil Company of Indiana, dating back to 1911.

2000One of the world’s most recognized lubricant brands, Castrol, becomes part of the BP group of companies.

Fast facts

BP is the leading marketer of natural gas in North America.

In 2015, BP spent nearly $20 billion with U.S. vendors.

Nearly 40 percent of BP shares are held in the U.S., more than in any other nation.

September 2016

Committed to the U.S. economy BP has a larger economic footprint in the U.S. than in any other nation where the company operates, and over the past 10 years no energy company has invested more in America. Since 2006, BP has invested more than $90 billion in oil, gas and renewables in the U.S., as well as the technology to produce them safely.

From the Gulf of Mexico to the North Slope of Alaska, the company’s business activities support about 145,000 American jobs and provide $80 billion in economic impact. BP invests every dollar of profit the company earns in America back into America.

Committed to America’s energy security

To fuel America’s future, BP is focusing on high-value, high-quality projects that play to the company’s distinctive strengths. These include exploration and discovery, deepwater, giant fields and a high — quality downstream business — all supported by leading-edge technology. In 2015, BP produced 643,000 barrels of oil equivalent per day, making the company one of America’s largest oil and natural gas producers. BP also is one of the top refiners in the U.S., with the capacity to process 744,000 barrels of crude oil every day. About 7,000 retail sites operate in the U.S. under a BP brand (BP, ampm and ARCO),

BP in AmericaCommitted to the economy and energy security

together representing 40 percent of the company’s global presence.

BP safely and responsibly provides raw materials that power and heat Americans' homes, fuel vehicles that keep the country moving, and form the building blocks of everyday items ranging from paints and detergents to clothes and packaging.

Committed to BP's communities

With more than 14,000 employees across the country, BP is a strong supporter of communities where the company operates. BP has donated $147 million to U.S. community programs over the past five years and supports a diverse mix of organizations.

In addition to the financial support BP America provides, the BP Foundation has given more than $220 million, or 70 percent of its global spending, to U.S. charities since 2006. The foundation supports science, technology, engineering and math (STEM) education, economic development, practical approaches to environmental issues and humanitarian relief.

BP is committed to America and a secure energy future. The energy the company produces not only keeps America moving, but it also helps drive the American economy.

For 150 years, BP has been contributing to America’s economy and its energy security. Today, the U.S. is central to BP’s global business, and the company is committed to the communities where BP employees live and work.

$90 billion+Investment over the past 10 years(2006-2015)

145,000Jobs supported by BP’s U.S. business activities

1.3 millionBarrels of oil equivalent (BOE) produced and refined per day in 2015

1866ARCO’s oldest heritage company was founded in Pennsylvania in 1866. In 2000, ARCO joined the BP group of companies.

1959BP opens its first office in Anchorage, Alaska. Prudhoe Bay remains one of the largest oil fields in North America, with production topping more than 12 billion barrels.

1987BP acquires Sohio, making it the cornerstone of a new national operation, BP America. Sohio’s history dates back to the Standard Oil Company, which was incorporated in Cleveland, Ohio, in 1870.

1998BP and Amoco merge, becoming the largest producer of oil and gas in the country. Amoco was originally the Standard Oil Company of Indiana, dating back to 1911.

2000One of the world’s most recognized lubricant brands, Castrol, becomes part of the BP group of companies.

Fast facts

BP is the leading marketer of natural gas in North America.

In 2015, BP spent nearly $20 billion with U.S. vendors.

Nearly 40 percent of BP shares are held in the U.S., more than in any other nation.

September 2016

Committed to the U.S. economy BP has a larger economic footprint in the U.S. than in any other nation where the company operates, and over the past 10 years no energy company has invested more in America. Since 2006, BP has invested more than $90 billion in oil, gas and renewables in the U.S., as well as the technology to produce them safely.

From the Gulf of Mexico to the North Slope of Alaska, the company’s business activities support about 145,000 American jobs and provide $80 billion in economic impact. BP invests every dollar of profit the company earns in America back into America.

Committed to America’s energy security

To fuel America’s future, BP is focusing on high-value, high-quality projects that play to the company’s distinctive strengths. These include exploration and discovery, deepwater, giant fields and a high — quality downstream business — all supported by leading-edge technology. In 2015, BP produced 643,000 barrels of oil equivalent per day, making the company one of America’s largest oil and natural gas producers. BP also is one of the top refiners in the U.S., with the capacity to process 744,000 barrels of crude oil every day. About 7,000 retail sites operate in the U.S. under a BP brand (BP, ampm and ARCO),

BP in AmericaCommitted to the economy and energy security

together representing 40 percent of the company’s global presence.

BP safely and responsibly provides raw materials that power and heat Americans' homes, fuel vehicles that keep the country moving, and form the building blocks of everyday items ranging from paints and detergents to clothes and packaging.

Committed to BP's communities

With more than 14,000 employees across the country, BP is a strong supporter of communities where the company operates. BP has donated $147 million to U.S. community programs over the past five years and supports a diverse mix of organizations.

In addition to the financial support BP America provides, the BP Foundation has given more than $220 million, or 70 percent of its global spending, to U.S. charities since 2006. The foundation supports science, technology, engineering and math (STEM) education, economic development, practical approaches to environmental issues and humanitarian relief.

BP is committed to America and a secure energy future. The energy the company produces not only keeps America moving, but it also helps drive the American economy.

For 150 years, BP has been contributing to America’s economy and its energy security. Today, the U.S. is central to BP’s global business, and the company is committed to the communities where BP employees live and work.

$90 billion+Investment over the past 10 years(2006-2015)

145,000Jobs supported by BP’s U.S. business activities

1.3 millionBarrels of oil equivalent (BOE) produced and refined per day in 2015

1866ARCO’s oldest heritage company was founded in Pennsylvania in 1866. In 2000, ARCO joined the BP group of companies.

1959BP opens its first office in Anchorage, Alaska. Prudhoe Bay remains one of the largest oil fields in North America, with production topping more than 12 billion barrels.

1987BP acquires Sohio, making it the cornerstone of a new national operation, BP America. Sohio’s history dates back to the Standard Oil Company, which was incorporated in Cleveland, Ohio, in 1870.

1998BP and Amoco merge, becoming the largest producer of oil and gas in the country. Amoco was originally the Standard Oil Company of Indiana, dating back to 1911.

2000One of the world’s most recognized lubricant brands, Castrol, becomes part of the BP group of companies.

Fast facts

BP is the leading marketer of natural gas in North America.

In 2015, BP spent nearly $20 billion with U.S. vendors.

Nearly 40 percent of BP shares are held in the U.S., more than in any other nation.

September 2016

PLEASE CLICK HERE TO VIEW ONLINE

S H O P P I N G C E N T E R S I T E P L A N

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C H A R L O T T E , N C

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M A R K E T O V E R V I E W

Charlotte Top Employers by Employee Count

Carolinas Healthcare System:

Wells Fargo:

Charlotte-Mecklenburg Schools:

Wal-Mart:

Bank of America:

Novant Health Inc.:

American Airlines Group:

Lowe's Co's Inc.:

Harris Teeter:

Duke Energy Corp.:

JOBS & INVESTMENT INFRASTRUCTURE

20%Employment increases

projected over next 5 years

50%Increase in Annual Rate of Venture Capital Funding

since 2010

236$$$

Million Dollars in VentureCapital Funding was

invested in 2015

700

5THBusiest airport in the nation,

measured by takeoffs and landings

Departures and landings daily out of Charlotte-Douglas

International Airport.

GOOGLE FIBERbrought the fastest available

internet to Charlotte

14

M A R K E T O V E R V I E WM A R K E T O V E R V I E W

14

PEOPLE

17,500New degreed residents move to

Charlotte each year

The median age of residents who live in Charlotte

Largest population growth in real numbers across the U.S. during 2015

REAL ESTATE

5.3Million square feet of office

planned or under construction

2$$$

Billion dollars in real estate projects were under construction

33

10TH

The average rent for an apartment in Charlotte

$1,052 72%Increase in the amount of

institutionally-owned office space in Uptown Charlotte

S T O R E

Square feet of retail space planned or under construction

777,392Housing units planned or

under construction

9,72515

M A R K E T O V E R V I E W

15

M A R K E T O V E R V I E W

16

M A R K E T O V E R V I E W

Bank of America Stadium - Home of the Carolina Panthers

BB&T Ballpark - Home of the Charlotte Knights Charlotte Motor Speedway

Spectrum Center - Home of the Charlotte Hornets

POPULATION 1-MILE % 3-MILE % 5-MILE % 2022 Projection 7,584 33,074 112,894 2017 Estimate 6,850 29,928 103,463 2010 Census 5,719 23,704 87,725 2000 Census 2,730 13,384 60,519 Growth 2017-2022 10.72% 10.51% 9.12% Growth 2010-2017 19.78% 26.26% 17.94% Growth 2000-2010 109.47% 77.11% 44.95%

2017 EST. HOUSEHOLDS BY HOUSEHOLD INCOME 2,263 10,074 36,583 Income < $15,000 155 6.84% 783 7.77% 3,085 8.43% Income $15,000 - $24,999 129 5.71% 586 5.82% 2,695 7.37% Income $25,000 - $34,999 91 4.02% 635 6.30% 3,484 9.52% Income $35,000 - $49,999 319 14.08% 1,342 13.32% 5,552 15.18% Income $50,000 - $74,999 577 25.49% 2,588 25.69% 7,942 21.71% Income $75,000 - $99,999 395 17.44% 1,645 16.32% 5,418 14.81% Income $100,000 - $124,999 285 12.61% 937 9.30% 3,353 9.16% Income $125,000 - $149,999 124 5.47% 499 4.95% 1,840 5.03% Income $150,000 - $199,999 120 5.29% 621 6.16% 2,013 5.50% Income $200,000 - $249,999 38 1.67% 242 2.40% 712 1.95% Income $250,000 - $499,999 25 1.13% 160 1.59% 384 1.05% Income $500,000+ 6 0.26% 37 0.37% 106 0.29%2017 EST. AVERAGE HOUSEHOLD INCOME $80,286 $80,778 $74,383

17

D E M O G R A P H I C S

Berkeley Capital Advisors, LLC (“BCA”) has been authorized by the owner of the subject property (the “Seller”) to present you with this marketing package. This is a confidential package intended solely for your own limited use and benefit, as a principal, in considering whether you desire to pursue negotiations to acquire the subject property. Your receipt and acceptance of this package serves to acknowledge your agreement to: (1) hold the information and materials contained herein, and the offering they represent, in the strictest of confidence; (2) not disclose, directly or indirectly, the information and materials contained herein, or the offering they rep-resent, to any other person, firm or entity without prior written authorization from BCA or the Seller; (3) not use the information and materials contained herein in any fashion or manner detrimental to the interest of BCA or the Seller; (4) not disturb any tenants in possession of the subject property nor reveal to them the offering this package represents. This marketing package was prepared by BCA and it has been reviewed by representatives of the Seller. The information and materials contained herein are selective and limited in nature, and neither BCA nor the Seller purports this to be an all-inclusive report on the subject property. Within this package, certain leases, documents and other materials are described in summary form. These summa-ries do not purport to be complete nor necessarily accurate descriptions of the full agreements involved, nor do they purport to constitute a legal analysis of the provisions of those documents. Interested and qualified prospective purchasers will be afforded an opportunity to review additional information and to inspect the subject property, and all such prospective purchasers should conduct their own independent due diligence. This package is based in part upon information supplied by the Seller and in part upon information obtained by BCA from sources believed to be reliable. All in-come, expense and/or investment projections contained herein are provided for general reference purposes only, in that they are based on assumptions relating to the general economy, competition and other factors beyond the control of BCA and the Seller, and all such projections are therefore subject to variation. This package shall not be deemed an indication of the state of affairs of the sub-ject property, nor constitute an indication that there has been no change in the business or affairs of the subject property since the date of preparation of this package.

Neither BCA, the Seller, nor any of their respective officers, employees or agents, has made or does make any representation or warranty, expressed or implied, as to the accuracy or completeness of this package or any of its contents, and no legal commitments or obligations shall arise by reason of this package or its contents. BCA and the Seller expressly reserve the right, at their sole discretion, to alter or amend the terms of this offering, to reject any or all expressions of interest or of-fers to acquire the subject property and/or to terminate discussions with any en-

tity at any time with or without notice. The Seller shall have no legal commitment or obligation to any entity reviewing this package or making an offer to acquire the subject property unless and until a written agreement for such acquisition has been fully executed, delivered and approved by the Seller and any conditions to the Seller’s obligations thereunder have been satisfied or waived.

Parties seeking to act in a third-party brokerage capacity must register their cli-ent(s) with BCA prior to receiving or dispersing any marketing information. BCA will not recognize any third-party brokerage relationships without first receiving and approving such written client registration, nor will BCA or the Seller be ob-ligated for any brokerage claims which may result, regardless of such broker’s involvement in procuring a purchaser for the subject property. This package is the property of BCA. Photocopying, re-typing or other dupli-cation of the information and materials contained herein is expressly prohibited. The information contained within this package and the offering of the subject property may not be announced, posted or otherwise publicized in any electron-ic media (such as, by way of example only, any Internet or “broadcast facsimile” communications).

If, after reviewing this package, you have no further interest in acquiring the sub-ject property at this time, please return this package in its entirety to BCA. Like-wise, if the terms contained in this Confidentiality & Disclaimer section are not acceptable to you, please immediately return this package to BCA.

The terms and conditions stated in this Confidentiality & Disclaimer section apply and relate to all of the sections of this package as if stated independently therein.

Prospective purchasers of the subject property are hereby notified that Berkeley Capital Advisors, and its agents, are acting in the capacity of a “Seller’s Agent” during the course of this offering, and as such are solely representing the inter-ests of the Seller.

DESCRIPTION OF AGENT DUTIES AND RELATIONSHIPSBefore you begin working with any real estate agent, you should know who the agent represents in the transaction. Every listing agreement, buyer agen-cy agreement or other agreement for brokerage services in a real estate sales transaction in North Carolina must contain this “Description of Agent Duties and Relationships” [N.C. Real Estate Commission Rule 21 NCAC 58A.0104(c), eff. 7/1/95]. Real estate agents should carefully review this information with you prior to entering into any agency agreement.

AGENT’S DUTIESWhen you contract with a real estate firm to act as your agent in a real estate transaction, the agent must help you obtain the best price and terms possible, whether you are the buyer or seller.

The agent also owes you the duty to: • Safeguard and account for any money handled for you • Act with reasonable skill, care and diligence • Be loyal and follow reasonable and lawful instructions • Disclose to you any information which might influence your decision to buy or sell

Even if the agent does not represent you, the agent must still be fair and hon-est and disclose to you all “material facts” which the agent knows or reasonably should know. A fact is “material” if it relates to defects or other conditions affect-ing the property, or if it may influence your decision to buy or sell. This does not require a seller’s agent to disclose to the buyer the minimum amount the seller will accept, nor does it require a buyer’s agent to disclose to the seller the maxi-mum price the buyer will pay.

AGENTS WORKING WITH SELLERSA seller can enter into a “listing agreement” with a real estate firm authorizing the firm and its agent(s) to represent the seller in finding a buyer for his property. The listing agreement should state what the seller will pay the listing firm for its ser-vices, and it may require the seller to pay the firm no matter who finds the buyer.

The listing firm may belong to a listing service to expose the seller’s property to other agents who are members of the service. Some of those agents may be working with buyers as buyers’ agents; others will be working with buyers but still representing the sellers’ interests as an agent or “subagent”. When the buyer’s agents and seller’s subagents desire to share in the commission the seller pays to the listing firm, the listing agent may share the commission with the seller’s permission.

AGENTS WORKING WITH BUYERSA buyer may contract with an agent or firm to represent him (as a buyer’s agent), or may work with an agent or firm that represents the seller (as a seller’s agent or subagent). All parties in the transaction should find out at the beginning who the agent working with the buyer represents.

If a buyer wants a buyer’s agent to represent him in purchasing a property, the buyer should enter into a “buyer agency agreement” with the agent. The buy-er agency agreement should state how the buyer’s agent will be paid. Unless some other arrangement is made which is satisfactory to the parties, the buyer’s agent will be paid by the buyer. Many buyer agency agreements will also obli-gate the buyer to pay the buyer’s agent no matter who finds the property that the buyer purchases.

A buyer may decide to work with a firm that is acting as agent for the seller (a seller’s agent or subagent). If a buyer does not enter into a buyer agency agree-ment with the firm that shows him properties, that firm and its agents will show the buyer properties as an agent or subagent working on the seller’s behalf. Such a firm represents the seller (not the buyer) and must disclose that fact to the buyer.

18

C O N F I D E N T I A L I T Y

A S H E V I L L E138 Charlotte Street, Suite 220Asheville, North Carolina 28801

704.714.2365

C H A R L O T T E1228 East Morehead Street, Suite 200

Charlotte, North Carolina 28204704.379.1980

N A S H V I L L E1510 16th Avenue, Suite 300Nashville, Tennessee 32712

615.970.6596

B E R K E L E Y C A P. C O M