Investment Highlights

100% LEASED THREE-TENANT RETAIL ASSET
» 100% leased multi-tenant “Amazon-proof” retail assets leased to Aspen Dental, Verizon, and Results Physiotherapy
» Aspen Dental is the fastest-growing network of independently owned dental practices in the U.S.
» Aspen Dental operates 939 locations in 43 states
» Verizon (NYSE & NASDAQ: “VZ”) is ranked #20 on the 2021 Fortune 500 list of America’s largest companies
» Free-standing Verizon

PROMINENT LOCATION IN DENSE NORTH CAROLINA RETAIL CORRIDOR
» Excellent visibility and access to 30,500 vehicles per day directly in front of the property on Mebane Oaks Road
» Immediate access to Interstate 40/85 (113,000 AADT)
» Across from Garrett crossing shopping mall (45,390 SF), which is anchored by Walmart Supercenter with proximity to highly visited shopping malls
» Adjacent to a Chick-fil-A and Wendy’s, significantly increasing traffic and visibility in the area
» Prominent location in Mebane’s main retail corridor and surrounded by a mix of local and national tenants such as Lowe’s Home Improvement, Walgreens, CVS Pharmacy, Arby’s, Starbucks, and more

ROBUST LOCATION WITH NEARBY PROMINENT RETAILERS, ESTABLISHED WORKFORCE, AND MAJOR SCHOOLS
» Minutes from Alamance Community College (4,248 student enrollment, 650 employees)
» Proximity to Cone Health Alamance Regional Medical Center (238 beds, 2,000 employees)
» Less than five miles from Walmart Distribution Center (625 employees), Lidl Regional Headquarters and Distribution Center (100+ employees), and a new Amazon RDU9 Distribution Center (under construction with an estimated 200 to 300 employee count)
» Close to several large schools, including Eastern Alamance High School (1,224 students), Hawfields Middle School (687 students), and South Mebane Elementary School (630 students)

PRIME LOCATION WITH A STRONG CUSTOMER BASE
» Beneficial proximity to two major airports: Raleigh-Durham International Airport (14.2 million annual passengers) and Piedmont Triad International Airport (third busiest airport in North Carolina)
» Gateway to densely populated North Carolina cities, including Durham (283,506 people), Greensboro (299,035 people), and Raleigh (467,665 people), all within a 50-mile radius of the site
» Average annual household income of $80,087 within five miles
» 37,632 residents live within a five-mile radius of the site (projected to increase 13% by 2026)

Property Description

SOLD
The property is conveniently located on Wilson Road with cross access from Mebane Oaks Roads. The site maintains excellent visibility with access to 30,500 vehicles per day directly in front of the property on Mebane Oaks Road. The location provides immediate access to Interstate 40/85 (113,000 AADT), a highly trafficked North Carolina thoroughfare. The property is across from the Garrett crossing shopping mall (45,390 SF), which is anchored by Walmart Supercenter. The site is also close in proximity to highly visited shopping malls. The site is prominently located along Mebane’s main retail corridor and is surrounded by a mix of local and national tenants such as Lowe’s Home Improvement, Walgreens, CVS Pharmacy, Chick-fil-A, Wendy’s, Starbucks, and many more.

The property is close to several large schools, including Eastern Alamance High School (1,224 students), Hawfields Middle School (687 students), and South Mebane Elementary School (630 students). The site is minutes from Alamance Community College (4,248 student enrollment, 650 employees) and Cone Health Alamance Regional Medical Center (238 beds, 2,000 employees). The property is less than five miles from a Walmart Distribution Center (625 employees), Lidl Regional Headquarters and Distribution Center (100+ employees), and a new Amazon RDU9 Distribution Center (under construction with an expected 200 to 300 employees). 37,632 residents live within a five-mile radius, creating a stable customer base for the site. The average annual household income is $80,087 within five miles and is projected to increase by 13 percent by 2026. The site benefits from its proximity to two major airports, Raleigh-Durham International Airport (14.2 million annual passengers) and Piedmont Triad International Airport (the third busiest airport in North Carolina). The location is a gateway to densely populated North Carolina cities, including Durham (283,506 people), Greensboro (299,035 people), and Raleigh (467,665 people), all which are within a 50 mile radius. Raleigh, the state capital, was visited by 12.9 million people in 2020. The property is in a prime position to benefit from future growth in the Raleigh metro area, one of the state’s fastest-growing areas.