Tractor Supply, Ollie s Bargain Outlet & Goody s 1350 Julian Allsbrook Highway, Roanoke Rapids, NC Price: $4,560,968 NOI: $353,475 CAP: 7.

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1 Subject Property 1350 Julian Allsbrook Highway, Roanoke Rapids, NC ExclusiveOffering Phone: Fax: Price: $4,560,968 NOI: $353,475 CAP: 7.75% 100% corporate leased to three tenants New leases with below market rents Big box retailers in area include a Walmart Supercenter, Staples, Lowe s, Food Lion, Big Lots and Save-a-Lot Near McDonald s, Wendy s, Burger King, Ruby Tuesday s, Applebee s, KFC, and Sheetz Limited landlord responsibilities On section of US-158 (25,259 VPD) and off I-95 (47,200 VPD) New HVAC systems for Ollie and Tractor Supply, 20 year roof, and updated parking lot & signage

2 Investment Overview PROPERTY OVERVIEW: EXP Realty Advisors is pleased to offer a 86,944 sf redeveloped shopping center located in Roanoke Rapids, North Carolina. The center is occupied by three tenants with corporate credit; Tractor Supply, Ollie s Bargain Outlet, and Goody s. All three tenants signed new leases commencing in Tractor Supply and Goody s (guaranteed by Stage Stores Inc.) have approximately 10 years of term. Ollie s Bargain Department Store has approximately 7 years of remaining lease term. The property is located along Julian Allsbrook Hwy, which is part of US-158 and has traffic counts of 25,259 VPD. US-158 connects with I-95 at exit 171. I-95 is the main Interstate Highway on the East Coast of the United States, running largely parallel to the Atlantic Ocean and U.S. Highway 1, serving areas between Florida and New England inclusive. National retailers in the vicinity include Walmart Supercenter, Staples, Lowe s, Food Lion, Big Lots, Save-a-Lot, Wendy s, Burger King, McDonald s, Taco Bell, KFC, Sheetz, Ruby Tuesday s, Cracker Barrel, Applebee s, RBC, Advance Auto Parts, and Auto Zone, and Shell. INVESTMENT SUMMARY Price: $4,560,968 CAP Rate: 7.75% NOI: $353,475 GLA: 86,944 sf Land: 8.33 AC Lease Type: Shopping Center Escalations: Varies LOCATION OVERVIEW: Roanoke Rapids is a city in Halifax County, North Carolina. Roanoke Rapids is strategically located on the eastern seaboard on I-95 about half way between New York and Florida markets. The city is at the intersection of I-95 and US 158. There are over 4,000 businesses and over 150,000 residents reside within the city s 30 mile trade area. Roanoke Rapids has easy access to airports in the region. The new Halifax North Hampton Regional Airport, a modern general aviation facility, opened in 2008 and is located 10 minutes from Roanoke Rapids. Major commercial airports are located in Richmond (90 miles) and Raleigh-Durham (70 miles). INVESTMENTOVERVIEW

3 Aerial AERIAL

4 Tenant Overview Tractor Supply NASDAQ: TSCO EBITDA (2016): $ M Tractor Supply Company supplies tractor parts not entire tractors and in its stores weekend farmers and ranchers can also pick up farm supplies (including its own private labels) such as fencing, animal feeds, garden products, riding mowers, and work clothes. With about 948 TSC and Del s Farm and Supply stores in more than 44 states. TSC operates one of the largest retail farm store chains in the US, and it is on the move to add more. TSC concentrates its stores in rural areas and near large cities to cater to full and part-time farmers and ranchers and to contractors. Ollie s Bargain Outlets NASDAQ: OLLI EBITDA (2017): $ M Ollie s Bargain Outlets is an American chain of retail stores with 213 locations in 19 US states. The store deals in surplus merchandise obtained from various retailers, suppliers or manufacturers outside the country, whether in the form of closeouts, bankruptcy sales or other similar means of buying the stock at below wholesale costs. In 2008, the chain consolidated its four distribution warehouses into one located in York, PA. In 2014 the chain opened its second distribution center in Commerce, GA. In 2015, an initial public offering was launched at $16 per share. Stage Stores Inc. DBA Goody s NYSE: SSI EBITDA (2017): M The company operates more than 780 department stores, mainly in rural towns in Texas and 39 other US states. Through its Stage, Bealls, Palais Royal, and Peebles stores, the company offers small-town America moderately priced apparel and accessories, cosmetics, and footwear. Nationally recognized brands such as Tommy Hilfiger, Liz Claiborne, Levi Strauss, Chaps, and Polo are sold alongside Stage Stores private-label merchandise. Items may be charged on the company s credit cards. Stage Stores acquired the 78-store B.C. Moore & Sons chain for about $37 million in ITENANT OVERVIEW

5 Income and Expenses Income and Expenses Income Tractor Supply $135, Ollie's $120, Stage $110, Tenant Reimbursement $69, Gross Income $435, Expenses Sweeping/Landscaping/Trash ($12,360.00) Utilities/Electrical ($7,143.28) Taxes ($46,062.70) Insurance ($9,267.00) ($74,832.98) Management Fee ($7,324.20) ($82,157.18) NOI $353, Cap Rate 7.75% Price $4,560,968 OPEX

6 Rent Roll Tenant Tractor Supply Ollies Goodies Ollie s (Loading Dock) Total GLA 28,560 32,000 20,100 6,284 86,944 Rent $4.75 $3.75 $5.50 Total Rent $135,660 $120,000 $110,550 $366,210 Rent Start 5/1/2017 7/15/2017 2/1/2017 Rent Expiration Date 5/1/2027 7/15/2024 2/1/2027 Term Term Remaining % of GLA 32.85% 36.81% 23.12% 92.77% Escalation/Date 8% in Year 11 $0.25 psf in Year 8 $0.50 psf in Year 6 Options 4 (5) Year Options with 8% rental escalations 3 (5) Year Options with escalations between 6-12% None 1st Option Rent/Increase $146,508 / 8% $128,000 / 6.67% n/a 2nd Option Rent/Increase $158,232 / 8% $136,000 / 6.25% n/a 3rd Option Rent/Increase $170,880 / 8% $152,000 / 11.76% n/a 4th Option Rent/Increase $184,548 / 8% n/a n/a RENT ROLL

7 Site Plan SITE PLAN

8 Floor Plan FLOOR PLAN

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15 Location Map LOCATION MAP

16 Demographic Data Radius 3 Mile 5 Mile 10 Mile Population: 2021 Projection 20,625 28,462 37, Estimate 20,961 29,031 38, Census 21,300 29,794 40, Population Hispanic Origin , Population by Race: White 11,499 14,864 18,025 Black 8,635 13,086 19,159 Am. Indian & Alaskan Asian Hawaiian & Pacific Island Other U.S. Armed Forces: Households: 2021 Projection 8,330 11,565 15, Estimate 8,471 11,803 15, Census 8,615 12,120 16,397 Growth (1.66%) (2.02%) (2.72%) Growth (1.67%) (2.62%) (4.73%) Owner Occupied 4,792 7,092 9,891 Renter Occupied 3,678 4,711 5, Avg Household Income $48,554 $46,709 $45, Med Household Income $34,458 $33,572 $32, Households by Household Inc: <$25,000 3,222 4,559 6,098 $25,000 - $50,000 2,129 3,120 4,253 $50,000 - $75,000 1,420 1,961 2,560 $75,000 - $100, ,141 $100,000 - $125, $125,000 - $150, $150,000 - $200, $200, Contact Us EXP Realty Advisors 52 Vanderbilt Ave Suite 2014 New York, NY Our Team Robert James President Phone: (212) rob@exp1031.com Daniel de Sa Director of Sales Phone: (212) dan@exp1031.com DEMOGRAPHICS