FA M I LY D O L L A RLU M B E R TO N ( FAY E T T E V I L L E A R E A ) , N C

F I L E P H OTO S I M I L A R TO P R OTOT Y P E F O R LU M B E R TO N

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T R A N S A C T I O N T E A M

S T E V E H O R V A T H7 0 4 - 3 7 9 - 1 9 8 1h o r v a t h @ b e r k e l e y c a p . c o m C A R L B R E N D E S7 0 4 - 7 1 4 - 2 3 6 3b r e n d e s @ b e r k e l e y c a p . c o m

R A N S O M E F O O S E7 0 4 - 3 7 9 - 1 9 8 5f o o s e @ b e r k e l e y c a p . c o m M E G H A N D A V I D S O N7 0 4 - 7 1 4 - 2 3 7 8d a v i d s o n @ b e r k e l e y c a p . c o m

M I K E L U C I E R7 0 4 - 9 4 3 - 3 1 5 8l u c i e r @ b e r k e l e y c a p . c o m

M A P S 3

O F F E R I N G O V E R V I E W 5

I N V E S T M E N T H I G H L I G H T S 6

A E R I A L S 7

M A R K E T O V E R V I E W 9

D E M O G R A P H I C S 10

C O N F I D E N T I A L I T Y 11

NC RE LICENSE NO.: C9467

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2 1 4 9 N O R M E T R O A D

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R E L A T I O N M A P

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2 1 4 9 N O R M E T R O A D

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L O C A T I O N M A P

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O F F E R I N G O V E R V I E W

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

NAME FAMILY DOLLAR NET OPERATING INCOME $110,304

ADDRESS 2149 NORMENT ROAD RENT INCREASES 10% IN YR 11 & EVERY 5 YRS IN OPTS

MARKET LUMBERTON (FAYETTEVILLE AREA), NC 28360 RENT COMMENCEMENT OCTOBER 15, 2016

BUILDING SIZE 8,320 SF RENT EXPIRATION JUNE 30, 2032

LAND SIZE 1.92 AC LEASE TYPE ABSOLUTE NET

PARKING 28 SPACES ORIGINAL LEASE TERM 15 YEARS

TENANT *FAMILY DOLLAR STORES OF NORTH CAROLINA, INC. LEASE TERM REMAINING 14 YEARS

YEAR BUILT 2016 OPTIONS SIX, 5-YEAR

RIGHT OF FIRST REFUSAL YES - 30 DAYS ASKING PRICE $1,737,071 (6.35% 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 2,156 8,411 30,902

2017 POP. ESTIMATE 2,070 8,266 30,596

POP. GROWTH 2000-2017 33.89% 13.70% 4.62%

HH GROWTH 2000-2017 35.76% 14.78% 5.10%

2017 EST. AVG. HH INCOME $59,927 $54,404 $52,847

for detai led demographics, p lease cl ick HERE

*LEASE GUARANTEED BY FAMILY DOLLAR STORES, INC.

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PUBLICLY TRADED CREDITFamily Dollar is an American variety chain store with over 8,000 locations throughout 46 states. In July 2015, Dollar Tree (NASDAQ: DLTR) completed its $9.1BN acquisition of Family Dollar. Overall, Dollar Tree operates more than 14,300 stores across the 48 contiguous states and five Canadian provinces, supported by a coast-to-coast logistics network and more than 176,000 associates. At year-end 2016, Dollar Tree accounted for over $20BN in net sales.

15 YEAR TERMFamily Dollar signed an original 15 year lease that commenced in October 2016. There are roughly 14 years remaining on the original term with 3, 5-year options.

10% RENT INCREASESAn investor will benefit from 10% rent increases every five years starting in year 11.

ABSOLUTE NET LEASEFamily Dollar is responsible for all maintenance and capital repairs as it relates to the property. This is an absolute net lease where the landlord has zero responsibilities.

NEW CONSTRUCTIONBuilt in 2016, an investor will assume a newly constructed 8,320 square foot building on 1.92 acres of land.

BRICK FAÇADEThe brick façade on the front of the building shows extremely well as the aesthetics help attract customers to the store.

NEARBY I-95The subject property is very close in relation to both I-95 (49,000 VPD) and I-74. I-95 is closest in distance, only 2.7 miles from Family Dollar.

L U M B E R T O N G O L F C L U B

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I N V E S T M E N T H I G H L I G H T S

L U M B E R T O N G O L F C L U B

U N C - P E M B R O K E1 1 M I F R O M S I T E6 , 4 4 1 S T U D E N T S

L U M B E R T O N M U N I C I PA L

A I R P O R T

S O U T H E A S T E R NM E D I C A L C E N T E R

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R O B E S O NC O M M U N I T Y

C O L L E G E

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M I D - R A N G E A E R I A L

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M A R K E T O V E R V I E WFAYETTEVILLE, NCFayettevil le, the largest city in southeastern North Carolina, is the county seat of Cumberland County and is best known as the home of Fort Bragg, a major US Army base. According to the 2015 US Census estimates, the city’s population is over 201,000. Fayettevil le benefits from its location off Interstate 95 and close proximity to both Raleigh and the beaches of North Carolina.

FAYETTEVILLE GROWTHFayettevil le has worked to redevelop its downtown through various revitalization projects; it has attracted large commercial and defense companies such as Purolator, General Dynamics and Wal-Mart Stores and Distribution Center. Development of the Airborne & Special Operations Museum, Fayettevil le Area Transportation Museum, Fayettevil le Linear Park, and Fayettevil le Festival Park, which opened in late 2006, have added regional attractions to the center. In the early 2000s, the towns and rural areas, such as Hope Mills, Raeford, and Spring Lake, surrounding Fayettevil le had rapid growth in population.

FORT BRAGGIn 2005, Congress passed the Base Realignment and Closure (BRAC) Act, resulting in several new commands relocating to Fort Bragg. These include the U.S. Army Forces Command and U.S. Army Reserve Command, both of which relocated from Fort McPherson in Atlanta. Over 50,000 military personnel and their families call Cumberland County their home. The established military base is the backbone of the county’s economy. Fort Bragg and Pope Army Airfield pumps about $9 bil l ion annually into the region’s economy, making Fayettevil le one of the best retail markets in the country.

Fayettevil le serves as the region’s hub for shops, restaurants, services, lodging, health care and entertainment. Fayettevil le boasts a low unemployment rate with a large labor pool of trained professionals.

DEFENSE INDUSTRYThe Fayettevil le area has a large and growing Defense Industry, and was ranked in the Top 5 Defense Industry Development areas in US for 2010. Eight of the ten top American defense contractors are located in the area, including Lockheed Martin, Boeing, Northrop Grumman, General Dynamics, and L3 Communications. The city hosts Partnership for Defense Initiatives (PDI), a non-profit organization that works with government, academia, and private industry to develop defense solutions. The PDI sponsors a Research and Development laboratory and a Defense Security Technology Accelerator (DSTA), a statewide program to assist new companies in developing their businesses and their technology services and products to the entire Department of Defense community

POPULATION 1-MILE % 3-MILE % 5-MILE % 2022 Projection 2,156 8,411 30,902 2017 Estimate 2,070 8,266 30,596 2010 Census 1,980 8,256 31,103 2000 Census 1,546 7,270 29,535 Growth 2017-2022 4.16% 1.75% 1.00% Growth 2010-2017 4.54% 0.12% -1.63% Growth 2000-2010 28.07% 13.56% 5.31%

2017 EST. HOUSEHOLDS BY HOUSEHOLD INCOME Income < $15,000 120 16.55 535 18.67 2,532 21.93 Income $15,000 - $24,999 82 11.31 340 11.87 1,561 13.52 Income $25,000 - $34,999 84 11.59 377 13.16 1,440 12.47 Income $35,000 - $49,999 112 15.45 452 15.78 1,762 15.26 Income $50,000 - $74,999 130 17.93 495 17.28 1,755 15.20 Income $75,000 - $99,999 83 11.45 292 10.19 1,072 9.28 Income $100,000 - $124,999 45 6.21 157 5.48 577 5.00 Income $125,000 - $149,999 18 2.48 67 2.34 303 2.62 Income $150,000 - $199,999 29 4.00 89 3.11 269 2.33 Income $200,000 - $249,999 16 2.21 39 1.36 118 1.02 Income $250,000 - $499,999 5 0.69 18 0.63 126 1.09 Income $500,000+ 1 0.14 2 0.07 33 0.292017 EST. AVERAGE HOUSEHOLD INCOME $59,927 $54,404 $52,847

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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.

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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