C HA RLOTTE , NC

SunTrust Bank

Asking Price: Cap Rate:

BOSTON, MA | CHAPEL HILL, NC | CHARLOTTE, NC | JUPITER, FL | LOS ANGELES, CA | PITTSBURGH, PA | ATLANTICRETAIL.COM

ASKING PRICE $1,650,000CAP RATE 5.50%

© ATLANTIC RETAIL 2018 The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it.

Robey Spratt704.697.1901 rspratt@atlanticretail.com

Roy Crain704.697.1903 rcrain@atlanticretail.com

DENSELY POPULATED MARKET

The subject property serves as an outparcel to Carmel Commons. The center is anchored by The Fresh Market, Pet Supplies Plus, Party City, Rite Aid, and numerous retailers & restaurants. The site sits directly on Pineville-Matthews Rd (Hwy 51) which serves as South Charlotte’s primary east/west thoroughfare carrying over 44,000 vehicles per day. South Charlotte is home to some of the city’s most affluent neighborhoods and

highest density residential pockets.

PROMINENT CHARLOTTE LOCATION

The Pineville Matthews Rd and Johnston Rd corridor is one of Charlottes most competitive trade areas because of limited retail/commercial space. The benefits of the area include proximity to I-485 (1.4 Miles), the cities beltway which carries over 90k vehicles per day, the mere 10 mile distance from Uptown Charlotte, and the dense population of office, schools, and

rooftops.

QUALITY INVESTMENT OPPORTUNITY

S. Charlotte is a top suburban Carolina’s market with high barriers to entry and increasing demand for residential housing and commercial goods and services, which gives the property significant underlying value. The lease is guaranteed by an investment grade tenant and was recently renewed for 10 years with no landlord responsivities and annual rent increases of 1.5 percent. for 10 years with no landlord responsivities and annual rent increases of 1.5 percent. renewed for 10 years with no landlord

responsibilities and annual rent increases of 1.5 percent.

ATLANT ICRETAIL .COM | 1SUNTRUST BA N K - 7801 P INEVIL L E-MATTHEWS RD | INVESTMENT H IGHL IGHTS

Investment Highlights

ATLANT ICRETAIL .COM | 2SUNTRUST BA N K - 7801 P INEVIL L E-MATTHEWS RD | LEASE SUMMARY

Lease SummaryTENANT Suntrust

GUARANTOR Corporate

ASKING PRICE $1,650,000

CAP RATE 5.50%

ADDRESS 7801 Pineville-Matthews Rd Charlotte, NC 28226

BUILDING SIZE 2,067 SF

LAND SIZE 1.1478 Acres

YEAR BUILT 1990

PARKING 36 Spaces

ANNUAL RENT $90,165.03

LEASE TERM 9 Years/First Renewal Option Exercised

LEASE TYPE NNN

COMMENCEMENT January 1, 2007

EXPIRATION December 31, 2027

INCREASES 1.5% per Annum

OPTIONS 6 x 5-year options remaining. 4th, 5th, 6th, & 7th options are at FMV

LANDLORD No Responsibilities

Rent ScheduleYEARS NOI INCREASE11 1/1/2018 - 12/31/2018

$90,615.03($43.84/SF)

1.5%

121/1/2019 - 12/31/2019

$91,974.25($44.50/SF)

1.5%

13 1/1/2020 - 12/31/2020

$93,353.87($45.16/SF)

1.5%

14 1/1/2021 - 12/31/2021

$94,754.17($45.84/SF)

1.5%

15 1/1/2022 - 12/31/2022

$96,175.49($46.53/SF)

1.5%

16 1/1/2023 - 12/31/2023

$97,618.12($47.23/SF)

1.5%

17 1/1/2024 - 12/31/2024

$99,082.39($47.94/SF)

1.5%

18 1/1/2025 - 12/31/2025

$100,568.63($48.65/SF)

1.5%

19 1/1/2026 - 12/31/2026

$102,077.16($49.38/SF)

1.5%

20 1/1/2027 - 12/31/2027

$103,608.31 ($50.12/SF)

1.5%

ATLANT ICRETAIL .COM | 3SUNTRUST BA N K - 7801 P INEVIL L E-MATTHEWS RD | S ITE PLAN

ATLANT ICRETAIL .COM

PINEVILLE, NC

© ATLANTIC RETAIL 2018 The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it.

Pineville-Matthews Rd

Johnston Rd

Car

mel

Rd

53,000 ADT

30,000 AD

T

CHARLOTTE CATHOLIC HIGH

SCHOOL 1,500 Students

ATLANT ICRETAIL .COM | 4SUNTRUST BA N K - 7801 P INEVIL L E-MATTHEWS RD | S ITE AER IAL

AT LANT ICR E T AIL .CO M

PINEVILLE, NC

© ATLANTIC RETAIL 2018 The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it.

Pineville-M

atthews R

d

Carm

el

Rd

485

Johnsto

n R

d

53,000 ADT

121,0

00 A

DT

TOWER PLACE FESTIVAL

CARMEL COMMONS

FORMER

MCMULLEN CREEK MARKET

PINEVILLE

CHARLOTTE CATHOLIC HIGH

SCHOOL 1,500 Students

ATLANT ICRETAIL .COM | 5SUNTRUST BA N K - 7801 P INEVIL L E-MATTHEWS RD | S ITE AER IAL

ATL ANT IC RETAIL . C O M

CHARLOTTE, NC

© ATLANTIC RETAIL 2018 The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it.

Pineville-Matthews Rd

485

485

53,000 ADT

121,000 ADT

Pro

vid

ence R

d

WAVERLY

REA FARMS

RELOCATING

PLANNED

THE PROMENADE

STONECREST

THE ARBORETUM

SHOPPING CENTER

CARMEL COMMONS

MCMULLEN CREEK MARKET

THE CENTRUM

CAROLINA PLACE MALL

CAROLINA PAVILION SHOPPING CENTER

FORMER

78,000 ADT

ATLANT ICRETAIL .COM | 6SUNTRUST BA N K - 7801 P INEVIL L E-MATTHEWS RD | REG IONAL AER IAL

Headquartered in Atlanta, GA, SunTrust Bank was established in 1891 and is one of the Country’s largest financial institutions with approximately $204 billion in assets as of August 13, 2018. SunTrust operates approximately 1,400 branches and 2,160 ATMs across 11 States primarily focused in the Southeastern U.S. and Washington, D.C. SunTrust is a diversified financial services company offering a broad range of retail and commercial banking products including lending, credit cards, investment banking, wholesale banking, mortgage banking, wealth management, trust and investment services.

ATLANT ICRETAIL .COM | 7SUNTRUST BA N K - 7801 P INEVIL L E-MATTHEWS RD | TENANT PROF ILE

Suntrust Bank

PARENT COMPANY SunTrust Bank, Inc.

STOCK SYMBOL NYSE: STI

HEADQUARTERS Atlanta, GA

LOCATIONS (2018) 1,400

EMPLOYEES (2018) 24,000

ASSETS (2018) $204 Billion

CREDIT RATING S&P: A-

WEBSITE suntrust.com

SunTrust Bank Quick Facts

Charlotte is experiencing booming economic growth. Jobs are on the rise and unemployment is rapidly declining. With an increase by 3.5% in job growth in 2016, Charlotte is ranked as one of the fastest growing metros by Gross Domestic Product. Charlotte consistently ranks as top place for business and is characterized by wide variety of industries including Manufacturing, Finance and Banking, Healthcare and Logistics. More than 290 Fortune 500 firms are represented in the MSA and eight Fortune 500 Headquarters call the Charlotte region home.

ATLANT ICRETAIL .COM | 8SUNTRUST BA N K - 7801 P INEVIL L E-MATTHEWS RD | LOCAT ION OVERVIEW

Location Overview

LEADER IN FINANCEDowntown Miami has one of the largest concentrations of international banks in the United States, and is home to many large national and international companies.

198,329EST POPULATION IN 5 MILE RADIUS

$96,494AVG HH SPENDING IN 5 MILE RADIUS

$114,239AVG HH INCOME IN 5 MILE RADIUS

53,000ADT ON

PINEVILLE-MATTHEWS

AFFLUENT METROPOLITAN MARKET

Charlotte, NC has vast business culture and is known as a top three banking center in the United States. The city is home to the headquarters of Bank of America and the east coast operations for Wells Fargo. The other major Fortune 500 employers include Lowes, Duke Energy, Nucor, Sonic Automotive, and Sealed Air Corp. The city is consistently ranked as a top market for Business’ and Careers.

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Charlotte Metropolitan Area

BUSINESS

MAJOR EMPLOYERS

509,720TOTAL EMPLOYEES

31,929TOTAL BUSINESSES

Charlotte is the 2nd largest financial center in the country. More than 56,000 people are employed in this industry in Mecklenburg County.

Carolinas HealthCare System

Wells Fargo

Charlotte Mecklenburg Schools

Wal-Mart Stores Inc.

Bank of America

Lowe’s Companies Inc.

Novant Health

American Airlines

35,500

23,000

18,143

17,100

15,000

12,960

11,000

11,000

SOURCE: CHARLOTTE CHAMBER

Charlotte is the most populous city in the state of North Carolina and the county seat of Mecklenburg County. The city of Charlotte itself has a population of nearly 900k, making it the 17th largest city in the United States. The MSA of Charlotte ranks number 22 in the county with over 2.4 million residents. Charlotte is peren-nially ranked as one of the top 5 fastest growing major cities in the United States.

CHARLOTTE AREA ATTRACTIONS

1. South Park Mall2. Uptown Charlotte3. Carolina Panthers Stadium 4. University of North Carolina Charlotte5. Concord Mills6. Nascar Hall of Fame 7. Northlake Mall8. Lake Norman9. Carowinds

ATLANT ICRETAIL .COM | 10SUNTRUST BA N K - 7801 P INEVIL L E-MATTHEWS RD | CHARLOTTE METROPOL ITAN AREA

Charlotte Metropolitan Area

1

32

4

5

6

7

8

9

ATLANT ICRETAIL .COM | 1 1SUNTRUST BA N K - 7801 P INEVIL L E-MATTHEWS RD | DEMOGRAPHICS

Demographics2018 DEMOGRAPHICS 1 MILE 3 MILE 5 MILE

PO

PU

LA

TIO

N

Estimated Population 13,134 76,770 198,377

2023 Projected Population 14,393 84,507 219,277

2010 Census Population 12,358 71,379 171,865

2000 Census Population 10,818 62,611 130,289

Projected Annual Growth (2018-2023) 1.90% 2.00% 2.10%

Historical Annual Growth (2000-2010) 1.40% 1.40% 3.20%

Estimated Households 6,077 33,490 81,116

2023 Projected Households 6,581 36,305 88,195

2010 Census Households 5,780 31,287 71,073

2000 Census Households 4,671 26,261 53,061

Projected Annual Growth (2018-2023) 1.70% 7.70% 1.70%

Historical Annual Growth (2000-2010) 1.70% 1.50% 2.90%

INC

OM

E

Est. HH Income $200,000+ 6.4% 14.1% 15.7%

Est. HH Income $150,000-$199,999 8.1% 7.5% 9.2%

Est. HH Income $100,000-$149,999 5.5% 6.0% 7.3%

Est. HH Income $75,000-$99,999 12.4% 12.5% 13.1%

Est. HH Income $50,000-$74,999 21.1% 16.8% 15.8%

Est. HH Income $35,000-$49,999 16.3% 11.9% 10.5%

Est. HH Income $25,000-$34,999 9.1% 7.8% 6.7%

Est. HH Income $15,000-$24,999 9.3% 7.8% 6.1%

Est. HH Income Under $15,000 1.4% 2.3% 2.1%

Est. Average Household Income $84,388 $119,180 $125,146

Est. Median Household Income $65,815 $83,181 $92,237

RA

CE

Est. White 66.4% 67.3% 69.0%

Est. Black 17.8% 18.2% 16.1%

Est. Asian or Pacific Islander 6.1% 6.3% 6.8%

Est. American Indian or Alaska Native 0.4% 0.3% 0.3%

Est. Other Races 6.3% 5.2% 5.1%

Est. Hispanic Population 2,074 9,502 24,816

Est. Hispanic Population 15.8% 12.4% 12.5%

2023 Projected Hispanic Population 17.0% 13.4% 13.5%

2010 Hispanic Population 15.4% 11.9% 11.7%

ATLANT ICRETAIL .COM | 12SUNTRUST BA N K - 7801 P INEVIL L E-MATTHEWS RD | CONF IDENT IAL ITY & D ISCLAIMER

Confidentiality & Disclaimer

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Atlantic Retail and should not be made available to any other person or entity without the written consent of Atlantic Retail. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Atlantic Retail has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Atlantic Retail has not verified, and will not verify, any of the information contained herein, nor has Atlantic Retail conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.