QUIKTRIP680 RIVER HIGHWAY | MOORESVILLE, NC 28115

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EXCLUSIVE MARKETING ADVISORS

JARED AUBREYSenior Vice President

+1 214 252 1031jared.aubrey@cbre.com

MICHAEL AUSTRYFirst Vice President

+1 214 252 1115michael.austry@cbre.com

STEVE SHIELDSBroker of Record+1 704 331 1284

NC License #: 222966

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PRICE: $5,510,000CAP RATE: 7.00%NET OPERATING INCOME $385,860

YEAR BUILT 2012

GROSS LEASEABLE AREA 5,896 SF

LOT SIZE 2.30 ACRES

LEASE TERM 15 YEARS

LEASE COMMENCEMENT JULY 2013

LEASE EXPIRATION JUNE 2028

REMAINING TERM 8 YEARS

LEASE TYPE NNN

ROOF & STRUCTURE TENANT

RENT INCREASES IN OPTIONS

OPTIONS 7 X 5 YEARS

OPTIONS TO PURCHASE YES

OFFERING SUMMARY

680 RIVER HIGHWAYMOORESVILLE, NC

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INVESTMENT HIGHLIGHTSLong-Term Absolute NNN Corporate Lease with Zero Landlord Responsibilities – Allows an investor the opportunity to acquire a NNN asset on a truly passive income structure

Pandemic Proof Tenant – Quiktrip has been designated an “Essential Business” and must stay open for the public good

Strong Corporate Guarantee from One of the Largest & Fastest Growing Convenience Store Chains – QuikTrip has over 800 locations in 11 states with annual revenues exceeding $11 Billion and over 20,000 employees

Large 2.30 Acre Hard Corner Lot with Excellent Visibility and Strong Traffic Counts - The property is located just east of Interstate 77 on Highway 150 which is a main east-west thoroughfare and boasts traffic counts over 30,000 vehicles per day

Just Minutes From Lake Norman which Boasts 1 Million Visitors Every Year - Lake Norman is only 20 minutes from Charlotte, covers 32,750 acres with a shoreline of 520 miles

Adjacent to Sam’s Club in Dense Retail Corridor – Surrounding retailers include Target, Ross Dress for Less, BestBuy, Bed Bath & Beyond, PetSmart, TJ Maxx, Home Goods, Party City, Advance Auto Parts, Panera Bread, Chili’s and many more

Densely Developed Residential Market with Ideal Consumer Demographics – There are over 104,000 people in the 7-mile demographic ring with average household income exceeding $105,000

Potential for Accelerated Depreciation – Providing investors significantly higher post-tax cash flow and returns

The Population Growth Rate Surrounding the Property has an Increasing Annual Rate of Change of 3.88% – Significantly higher than the national annual rate of change which is at 0.77%

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QUIKTRIP

The QuikTrip Corporation, more commonly known as QuikTrip (QT), is a Tulsa, Oklahoma based chain of convenience stores that primarily operates in the Midwestern, Southern, and Southeastern United States as well as in Arizona. Since 1991, QuikTrip has promoted its gasoline as “high quality” with an unconditional guarantee. In 2005, QuikTrip and Chevron were the first two retailers to earn a “Top Tier” rating from General Motors, BMW, Honda, Volkswagen, Audi, and Toyota. QuikTrip also ranked 33rd on Forbes magazine’s list of largest private companies in 2016.

TYPE: Convenience Store

YEARS IN BUSINESS: 60+

NO. OF LOCATIONS: 800+

HEADQUARTERS: Tulsa, OK

WEBSITE: www.quiktrip.com

TENANT OVERVIEW

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PROPERTY AERIAL

SITE

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PROPERTY LOCATION

680 RIVER HIGHWAYMOORESVILLE, NC

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PROPERTY AERIAL

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PROPERTY AERIAL

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MASS MOBILE DATA STUDY ON QUIKTRIP

This map was created by CBRE’s mobile technology platform called Mass Mobile Data (MMD). MMD is anonymous data gathered from the GPS trackers in one’s devices. By analyzing the sophisticated mobile data, CBRE is able to paint a picture of any property’s customer base.

QuikTrip attracts visitors from all over United States which increases the true market potential for retailers exponentially. The property is not only appealing to the local customer base in Mooresville, but also the large amount of people all throughout the United States. To illustrate this, the map uses data sourced from a wide range of mobile apps that shows where visitors of QuikTrip are coming from. Therefore, each dot creates an accurate picture of customers that have visited QuikTrip in the past 12 months.

WHERE ARE QUIKTRIP’S VISITORS COMING FROM?

Nighttime Location

5 MI5 MI

10 MI10 MI

25 MI25 MI

CHARLOTTECHARLOTTE

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CUSTOMER DRIVE DISTANCE DECAY

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POPULATION (2019)1 MILE 7,1043 MILES 29,5285 MILES 68,7937 MILES 104,020

HOUSEHOLDS (2019)1 MILE 2,5113 MILES 11,2575 MILES 26,0387 MILES 38,826

AVG HH INCOME (2019)1 MILE $108,5473 MILES $101,2295 MILES $103,0377 MILES $105,439

ANNUAL POPULATION GROWTH RATE (1 MILE)2010 - 2019 7.63%2019 - 2024 3.88%

TRAFFIC COUNTS (VPD)RIVER HIGHWAY 30,000

DEMOGRAPHICS

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WHY MOORESVILLE & CHARLOTTE?

Charlotte is the most populous city in the U.S. state of North Carolina. Charlotte has many notable attractions including the Carolina Panthers of the NFL, the Charlotte Hornets of the NBA, the Charlotte Knights of the International League, the Charlotte Checkers of the AHL, the Charlotte Independence of the USL, the Charlotte Hounds of Major League Lacrosse, two NASCAR Cup Series races and the NASCAR All-Star Race, the Wells Fargo Championship, the NASCAR Hall of Fame, the Charlotte Ballet, Children’s Theatre of Charlotte, Carowinds amusement park, and the U.S. National Whitewater Center.

CHARLOTTE IS THE 16TH MOST POPULOUS CITY IN THE

UNITED STATES

CHARLOTTE IS THE #2 LARGEST BANKING CENTER IN THE

UNITED STATES

CHARLOTTE IS HOME TO SEVEN FORTUNE 500

COMPANIES

MOORESVILLE IS ALSO IN THE #8 SCHOOL DISTRICT IN NC

MOORESVILLE IS IN THE 13TH HEALTHIEST COUNTY IN NC

NORTH CAROLINA WAS VOTED #1 STATE FOR BUSINESS

Sourced by: wikipedia.com, iredellecdc.com

FORBES NAMED CHARLOTTE ONE OF ITS BEST PLACES FOR

BUSINESS & CAREERS

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DISCLAIMERSCBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and develop-ment. At times different Affiliates may represent various clients with competing in-terests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memo-randum (the “Property”) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the cli-ent(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum.

This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.

This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other infor-mation provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Addi-tional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form.

These summaries do not purport to be complete nor necessarily accurate descrip-tions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.

Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affili-ates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investiga-tions and inspections of the Property in evaluating a possible purchase of the real property.

The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate dis-cussions with any entity at any time with or without notice which may arise as a re-sult of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any condi-tions to the Owner’s obligations therein have been satisfied or waived.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc.

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QUIKTRIP680 RIVER HIGHWAYMOORESVILLE, NC 28115

EXCLUSIVE MARKETING ADVISORS

JARED AUBREYSenior Vice President+1 214 252 1031jared.aubrey@cbre.com

MICHAEL AUSTRYFirst Vice President+1 214 252 1115michael.austry@cbre.com

STEVE SHIELDSBroker of Record+1 704 331 1284NC License No: 222966