Forest City Domino's Pizza372 S Broadway St, Forest City NC 28043

O F F E R I N G M E M O R A N D U M

Forest City Domino's Pizza Investment Summary | 02

OFFERING SUMMARY

ADDRESS 372 S Broadway StForest City NC 28043

COUNTY Rutherford

GLA (SF) 2,700

LAND SF 23,958 SF

YEAR BUILT 1972

APN 432377

FINANCIAL SUMMARY

OFFERING PRICE $680,000

PRICE PSF $251.85

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE

2019 Population 3,546 13,539 28,066

2019 Median HH Income $29,600 $36,450 $38,038

2019 Average HH Income $44,040 $50,583 $51,269

NOI: $38,080

Cap Rate: 5.60%

Corner Lot with Excellent Accessibility

Prime Fast Food Retail Investment Opportunity. 10-year lease bythe top ten franchisees in the Domino's System.

Forest City Domino's Pizza Location Summary | 03

Forest City Domino's Pizza Property Features | 04

PROPERTY FEATURES

NUMBER OF TENANTS 1

GLA (SF) 2,700

LAND SF 23,958

LAND ACRES 0.55

YEAR BUILT 1972

ZONING TYPE C2

NUMBER OF STORIES 1

NUMBER OF BUILDINGS 1

CORNER LOCATION Yes

TRAFFIC COUNTS 9,600

TENANT INFORMATION

MAJOR TENANT/S Domino's Pizza

LEASE TYPE NNN

Forest City Domino's Pizza Aerial Map | 05

Forest City Domino's Pizza Demographics | 06

POPULATION 1 MILE 3 MILE 5 MILE

2000 Population 3,649 13,266 26,555

2010 Population 3,687 13,557 27,840

2019 Population 3,546 13,539 28,066

2024 Population 3,508 13,591 28,284

2019 African American 711 2,415 4,182

2019 American Indian 13 40 82

2019 Asian 54 136 235

2019 Hispanic 352 1,176 1,784

2019 Other Race 195 600 835

2019 White 2,441 9,876 21,888

2019 Multiracial 131 472 842

2019-2024: Population: Growth Rate -1.10 % 0.40 % 0.75 %

2019 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE

less than $15,000 416 1,019 1,903

$15,000-$24,999 279 938 1,797

$25,000-$34,999 141 652 1,329

$35,000-$49,999 242 979 2,198

$50,000-$74,999 239 987 2,075

$75,000-$99,999 115 406 879

$100,000-$149,999 68 318 755

$150,000-$199,999 12 62 108

$200,000 or greater 26 123 217

Median HH Income $29,600 $36,450 $38,038

Average HH Income $44,040 $50,583 $51,269

HOUSEHOLDS 1 MILE 3 MILE 5 MILE

2000 Total Housing 1,880 6,056 11,987

2010 Total Households 1,614 5,548 11,274

2019 Total Households 1,537 5,485 11,261

2024 Total Households 1,516 5,489 11,310

2019 Average Household Size 2.29 2.43 2.44

2000 Owner Occupied Housing 811 3,326 7,304

2000 Renter Occupied Housing 835 2,132 3,487

2019 Owner Occupied Housing 693 3,067 6,966

2019 Renter Occupied Housing 844 2,419 4,295

2019 Vacant Housing 362 900 1,831

2019 Total Housing 1,899 6,385 13,092

2024 Owner Occupied Housing 693 3,101 7,057

2024 Renter Occupied Housing 824 2,389 4,252

2024 Vacant Housing 402 990 2,001

2024 Total Housing 1,918 6,479 13,311

2019-2024: Households: Growth Rate -1.35 % 0.05 % 0.45 %

Source: esri

Forest City Domino's Pizza Demographics | 07

2019 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2019 Population Age 30-34 196 786 1,662

2019 Population Age 35-39 204 766 1,641

2019 Population Age 40-44 208 788 1,707

2019 Population Age 45-49 216 860 1,867

2019 Population Age 50-54 205 853 1,827

2019 Population Age 55-59 233 954 1,966

2019 Population Age 60-64 226 916 1,950

2019 Population Age 65-69 217 832 1,798

2019 Population Age 70-74 190 716 1,525

2019 Population Age 75-79 126 508 1,043

2019 Population Age 80-84 78 338 664

2019 Population Age 85+ 94 356 698

2019 Population Age 18+ 2,728 10,595 22,293

2019 Median Age 41 42 43

2019 INCOME BY AGE 1 MILE 3 MILE 5 MILE

Median Household Income 25-34 $35,147 $38,819 $41,281

Average Household Income 25-34 $45,421 $50,432 $52,455

Median Household Income 35-44 $40,927 $45,334 $47,671

Average Household Income 35-44 $59,028 $62,481 $61,774

Median Household Income 45-54 $37,955 $42,483 $43,438

Average Household Income 45-54 $51,861 $59,098 $59,128

Median Household Income 55-64 $35,644 $41,529 $42,374

Average Household Income 55-64 $46,630 $55,547 $55,419

Median Household Income 65-74 $24,507 $33,957 $35,820

Average Household Income 65-74 $37,782 $46,437 $47,741

Average Household Income 75+ $30,379 $32,060 $31,796

2024 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2024 Population Age 30-34 220 834 1,731

2024 Population Age 35-39 189 781 1,698

2024 Population Age 40-44 210 802 1,693

2024 Population Age 45-49 204 803 1,767

2024 Population Age 50-54 199 849 1,845

2024 Population Age 55-59 204 867 1,868

2024 Population Age 60-64 230 965 1,992

2024 Population Age 65-69 235 921 1,935

2024 Population Age 70-74 201 762 1,629

2024 Population Age 75-79 149 607 1,305

2024 Population Age 80-84 94 396 815

2024 Population Age 85+ 84 360 711

2024 Population Age 18+ 2,693 10,616 22,466

2024 Median Age 41 43 44

2024 INCOME BY AGE 1 MILE 3 MILE 5 MILE

Median Household Income 25-34 $38,104 $41,466 $44,312

Average Household Income 25-34 $53,721 $56,439 $58,344

Median Household Income 35-44 $43,308 $49,350 $51,359

Average Household Income 35-44 $67,424 $70,629 $69,634

Median Household Income 45-54 $42,754 $47,099 $47,576

Average Household Income 45-54 $63,438 $69,877 $68,764

Median Household Income 55-64 $39,162 $46,511 $46,437

Average Household Income 55-64 $54,809 $64,412 $64,001

Median Household Income 65-74 $29,168 $37,107 $38,248

Average Household Income 65-74 $44,399 $53,802 $54,923

Average Household Income 75+ $35,475 $36,495 $35,713

Forest City Domino's Pizza

CONFIDENTIALITY and DISCLAIMERThe information contained in the following offering memorandum is proprietary and strictlyconfidential. It is intended to be reviewed only by the party receiving it from Blanq real estate andit should not be made available to any other person or entity without the written consent of Blanqreal estate .

By taking possession of and reviewing the information contained herein the recipient agrees tohold and treat all such information in the strictest confidence. The recipient further agrees thatrecipient will not photocopy or duplicate any part of the offering memorandum. If you have nointerest in the subject property, please promptly return this offering memorandum to Blanq realestate . This offering memorandum has been prepared to provide summary, unverified financial andphysical information to prospective purchasers, and to establish only a preliminary level of interestin the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation.Blanq real estate has not made any investigation, and makes no warranty or representation withrespect to the income or expenses for the subject property, the future projected financialperformance of the property, the size and square footage of the property and improvements, thepresence or absence of contaminating substances, PCBs or asbestos, the compliance with local,state and federal regulations, the physical condition of the improvements thereon, or financialcondition or business prospects of any tenant, or any tenant’s plans or intentions to continue itsoccupancy of the subject property.

The information contained in this offering memorandum has been obtained from sources webelieve reliable; however, Blanq real estate has not verified, and will not verify, any of theinformation contained herein, nor has Blanq real estate conducted any investigation regardingthese matters and makes no warranty or representation whatsoever regarding the accuracy orcompleteness of the information provided. All potential buyers must take appropriate measures toverify all of the information set forth herein. Prospective buyers shall be responsible for their costsand expenses of investigating the subject property.

Exclusively Marketed by:

Clifford Blanquicet Jr. Kulsoom RoyPresident Associate Broker(704) 727-6202 (704) 796-1358Clifford@blanqrealestate.com kulsoom@blanqrealestate.com

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