±212 CONTIGUOUS ACRES: NEUSE RIVER-ADJACENT RESIDENTIAL AND COMMERCIAL OPPORTUNITY IN THE SOUGHT-AFTER NORTH RALEIGH AREA

B U F FA LO E R E S E R V EB U F FA LO E R E S E R V E

D O W N T O W N R A L E I G H 15 minute drive

540

BUFFALOE RD

BUFFALOE RD

401

2 | EXECUTIVE SUMMARY

THE IN V E S TMENT OPPORTUNIT Y±212 contiguous acres: Neuse River-adjacent residential and commercial opportunity in the sought-after North Raleigh area

Jones Lang LaSalle, a North Carolina licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for Buffaloe Reserve (the “Property”), a +/- 212 gross acre residential and commercial development opportunity in the fast-growing, highly sought-after North Raleigh area of the Triangle region. The Property is a unique offering with approximately 2,018’ of frontage along the Neuse River as well as 2,906’ of frontage along I-540 – and is one of the largest undeveloped single-ownership parcels remaining in Wake County.

The immediate area has experienced significant single-family growth in the past severalyears, with successful communities such as 5401 North ($200,000 to $600,000+ homes), Belmont ($350,000 to $400,000+ homes), and Townes at Stoneridge ( Under Construction) achieving strong pricing and robust absorption. Additionally, there has been limited multifamily development in the immediate area, while there is ample demand for more product.

E X E C U T I V E S U M M A R Y

PROPERTY DETAILSAddress 6515 Buffaloe Road, Raleigh, NC 27616

Wake County PINs 1736764233, 1736453588, 1736844773

Municipality City of Raleigh

Gross Acreage ±212 acres

Net Buildable Acreage (approx.)

±180.14 (due to USGS stream impacts, and net of land dedicated for greenway use)

Frontages (approx.) 2,906' I-540 2,018' Neuse River

Current Zoning (Raleigh) RX-3-CU, OX-5-CU, CX-5-CU, NX-3-CUConditional Use documents are available in the JLL doc center

Current Usage Vacant, wooded land

Availability Available immediately

Pricing Unpriced

BUFFALOE RESERVE

74,000 VPD74,000 VPD

41,0

00 V

PD

41,0

00 V

PD

540

401

BUFFALOE RESERVE | 3

DOWNTOWN R ALEIGH15-minute drive

BUFFALOE RESERVE

BUFFALOE ROAD ATHLETIC PARK

BUFFALOE ROADBUFFALOE ROAD3,000 VPD

3,000 VPD

74,000 VPD74,000 VPD

41,0

00 V

PD

41,0

00 V

PD

Homes from $350,000+

THE OASISHomes from $300,000 - $400,000

LEVEL AT 401$1,065 average rents

BRINLEY MANOR Homes from

$310,000 - $400,000

STONE RIDGEHomes from $250,000 - $300,000+

NEUSE RIVER

5401 NORTH1,400 residential units

400 acresPlanned for 1.6MSF commercial space

Homes from $200,000 - $600,000+

WAKE TECHNICAL COMMUNITY COLLEGE North campus127 acres

540

401

540

Homes from $284,000+

LANDOVER HOMESHomes from

$200,000 - $380,000+

TOWNES AT STONERIDGERyan Homes - 106 Townhomes

NEUSE RIVER TR AILRaleigh Greenway

RIVERWALK TOWNHOMESLGI Homes - Townhomes from

$170,000+

40

40

40

40

440

440

440

495

87

540

540

540

540

40

40

8586

86

751

751

751

751

751

540

55

55

55

55

147

1621

1600

540

54

54

54

147

54

54

54

9898

98

98

50

50

1613

1613

50

70

501

15

15

70

70

70

401

401

70

401

1

1

1

1

1

1

501

501

501

Durham

Fwy

Durham

Fwy

Northern Wake ExpyNorthern Wake Expy

US Hwy 64US Hwy 64

Glenwood Ave

Glenwood Ave

Claude E. Pope Memorial Hwy

Claude E. Pope Memorial Hwy

Wade AveWade Ave

McD

owell

St

McD

owell

St

Ford

ham

Blv

dFo

rdha

m B

lvd

Chape l H

ill RdC

hape l Hill Rd

Raleigh-DurhamInternational Airport

Raleigh-DurhamInternational Airport

Research Triangle Park

Research Triangle Park

D O W N T O W NR A L E I G H

D O W N T O W NR A L E I G H

D O W N T O W NR A L E I G H

C A R YC A R YC A R Y

C H A P E L H I L LC H A P E L H I L LC H A P E L H I L L

D U R H A MD U R H A MD U R H A M

N O R T H H I L L S

N O R T H H I L L S

N O R T H H I L L S

R A D I US 3-Mile 5-Mile 7-Mile

2018 Population 63,500 154,763 283,958

Census Population (2000) 53,974 131,837 238,406

Historical Population CAGR (2010-2018) 2.2% 2.2% 2.4%

Avg Household Income $81,871 $89,331 $94,833

% White Collar Workers 67.5% 69.8% 71.5%

% College or Higher Education 70.2% 72.3% 74.0%

Avg. Household Size 3.3 3.3 3.2

Median Age 33.3 35.2 35.8

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

B U F FA L O E R E S E R V E

DESIRABLE NORTH RALEIGH LIFESTYLE

Known as well-heeled residential enclaves with extensive executive housing, the North Raleigh area attracts residents with a desirable, amenitized lifestyle due to an easy commute to the Triangle’s large employment nodes, well-ranked public and private schools, and ample nearby parks, greenway access, proximity to the Neuse River, and recreational facilities.

STRONG SURROUNDING DEMOGRAPHICS

The Property is able to tap into impressive demographics in a three-mile radius with an average annual household income of $81,871, 68% of the population comprised of white-collar workers, and 70% college or higher educational attainment with strong concentrations of young professionals, families, and retirees.

Source: Regis

No 2

No 1

No 2

3.3%

BEST PLACE TO LIVEMoney Magazine

AMERICAN CITIES OF THE FUTURE

Financial Times

TOP 10 CITIES FOR TECH JOBS

Fast Company

UNEMPLOYMENT RATE

T R I A N G L E T O W N C E N T E R

C R A B T R E E V A L L E Y M A L L

4 | EXECUTIVE SUMMARY

540

401

1

40440 495

1

3

2

4

9

8

5

6

7

10

S Buffaloe Reserve

1 Wake Technical Community College: North Wake Campus

2 Mallinckrodt & Xellia Pharmaceuticals

3 Eaton Corporation

4 Xerox Services, Liposcience, Bosch

5 Duke Raleigh Hospital

6 NC Department of Health & Human Services

7 Merz North America (HQ)

8 The Forum: Genworth, Applied Research

9 WakeMed Hospital

10 UNC REX Hospital

NORTH HILLS

RESEARCH TRIANGLE PARK

NC STATE UNIVERSITY

DOWNTOWN RALEIGH

HIGHWOODS OFFICE PARK

Advance Auto (HQ, 2021), CapTrust, Bank of America, SunTrust, Allscripts, KPMG

200+ Global firms, 55,000+ jobs

Red Hat/IBM, State of North Carolina, Citrix, Duke Energy

34,000+ students8,500+ faculty/staff

Highwoods REIT (HQ), WakeMed (corporate), NC State Treasurer

STRONG CONNEC TIVIT Y TO MA JOR EMPLOYMENT CENTERS

The Property is well-located near key east-west regional connector I-540 and north-south connectivity from both U.S. Highway 401/Louisburg Road and U.S. Highway 1/Capital Boulevard within three minutes. Situated within 20 minutes of the Raleigh-Durham market’s largest employment nodes, the Property has convenient access to:

• Burgeoning tech hub Downtown Raleigh (45,000+ jobs): Red Hat, Citrix, Duke Energy, NC State Capitol

• Globally recognized R&D-focused Research Triangle Park (55,000+ workers): IBM, Cisco, Fidelity Investments

• Renowned Tier 1 North Carolina State University (34,000+ students/8,500+ faculty/staff)

• Live-work-play North Hills (7,000+ employees): Bank of America, SunTrust, Allscripts, KPMG, CapTrust

S

BUFFALOE RESERVE | 5

BUFFALOE RESERVE

41,000 VPD41,000 VPD

NEUSE RIVER TR AILRaleigh Greenway

74,000 VPD

74,000 VPD

WAKE TECHNICAL COMMUNITY COLLEGE

North campus127 acres

TRIANGLE TOWN CENTER MALL 1.2MSF

BUFFALOE ROADBUFFALOE ROAD

LEVEL AT 401

THE OASISHomes from $300,000 - $400,000

STONE RIDGEHomes from $250,000 - $300,000+

NEUSE RIVER

5401 NORTH1,400 residential units400 acresPlanned for 1.6MSF commercial spaceHomes from $200,000 - $600,000+

540

401

JOHN MIKELSAssociate919.573.4648john.mikels@am.jll.com

TRAVIS ANDERSONSenior Managing Director704.526.2806travis.anderson@am.jll.com

HUNTER BARRON Senior Director704 526 2840hunter.barron@am.jll.com

GARRICK WIERAnalyst704 526 2859garrick.wier@am.jll.com

SARAH GODWINDirector919 573 4643sarah.godwin@am.jll.com

INVESTMENT ADVISORS ANALYSTS STRUCTURED FINANCE

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding

opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune

500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of March 31, 2019. JLL is the brand name, and a registered

trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com

ROGER EDWARDSManaging Director919.573.4647roger.edwards@am.jll.com

ALEXIS KAISERAnalyst704 526 2867alexis.kaiser@am.jll.com

201 NORTH TRYON STREET | SUITE 1400 | CHARLOTTE, NORTH CAROLINA | 28202

4509 CREEDMOOR RD | SUITE 300 | RALEIGH, NORTH CAROLINA | 27612

RIVER WALK TOWNHOMES

Under Construction

TOWNES AT STONERIDGEProposed development

108 Townhome