INVESTMENT HIGHLIGHTS

• INSTITUTIONAL-QUALITY CORPORATE TENANCY: 100% leased to Caliber Collision, a national corporate tenant, occupying 10,960 SF on a ±2.49-acre parcel, supported by
  strong real estate fundamentals.
• SIGNIFICANT MARK-TO-MARKET POTENTIAL: In-place rent of $9.56/SF is well below current market rates, with CoStar reporting market rents between $15–$20/SF, offering
  material upside at lease renewal or re-tenanting.
• RECENT CAPITAL IMPROVEMENTS: Roof repairs completed with an active warranty in place; parking lot recently resurfaced—limiting near-term capital obligations and enhancing asset durability.
• LANDLORD-FRIENDLY LEASE STRUCTURE: NNN lease with landlord responsible solely for roof and structural components, HVAC, and parking lot reducing management burden and operating risk.
• ATTRACTIVE ACQUISITION BASIS: Opportunity to acquire a high-performing asset with below-market rents, offering strong yield today and embedded rent growth potential.

 

LOCATION HIGHLIGHTS

• STRATEGIC COASTAL MARKET: Located within the Wilmington MSA, a high-growth coastal region in North Carolina known for its expanding economy and quality of life.
• STRONG DEMOGRAPHIC MOMENTUM: Projected annual population growth of 2.6% over the next five years outpaces national averages, underpinning long-term demand.
• SUBSTANTIAL RESIDENTIAL DENSITY: Over 187,402 residents within a 10-mile radius provide a stable customer base and employment pool for automotive and retail uses.
• REGIONAL ACCESSIBILITY: Just 6 miles from Wilmington International Airport (ILM), enhancing regional connectivity for tenants and patrons alike.