Chapel Hill RoadMorrisville, NC

10313 & 10315

A SALE LEASE BACK OPPORTUNITY

TradeMark Properties

This offering has been prepared solely for informational purposes. It is designed to assist a

potential investor in determining whether it wishes to proceed with an in-depth investigation of

the subject property. While the information contained herein is from sources deemed reliable,

it has not been independently verified by TradeMark Properties or by the Seller.

The projections and pro forma budget contained herein represent best estimates on assumptions

considered reasonable under the circumstances. No representations or warranties, expressed or

implied, are made that actual results will conform to such projections.

This document is provided subject to errors, omissions and changes in the information and is

subject to modification or withdrawal. The contents herein are confidential and are not to be

reproduced without the express written consent.

Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION

WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR

NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a

reasonable opportunity to inspect and investigate the Property and all improvements thereon,

either independently or through agents of the buyer’s choosing.

The Seller reserves the right to withdraw the Property being marketed at any time without

notice, to reject all offers, and to accept any offer without regard to the relative price and terms

of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter

of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by

the Seller and executed by both parties; and (iii) approved by Seller and such other parties who

may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound

until execution of the contract of purchase and sale, which contract shall supersede prior

discussions and writings and shall constitute the sole agreement of the parties.

Prospective buyers shall be responsible for their costs and expenses of investigating the

Property and all other expenses, professional or otherwise, incurred by them.

exclusive listing agent:

DAN MCCLOYSenior Vice President

919.227.5524dmccloy@trademarkproperties.com

confidentialmemorandum

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EXECUTIVE SUMMARY

TradeMark Properties, on behalf of ownership, is pleased to offer qualified investors the opportunity to acquire 10313 & 10315 Chapel Hill Road in Morrisville, North Carolina. The main building is a 24,650 gross square foot flex building built in 1995, fronting high traffic Chapel Hill Road.

The seller has ownership of Apex Marble and Granite and its AMG Casework division who occupy the main building. Additionally, Davey Tree Expert Company is a tenant of two accessory buildings on the property with a lease in place.

They primarily seek to sign a five-year lease with the buyer. A proposed term sheet is included within this Offering Memorandum.

This property has been in family hands dating back to 1915 with the construction of the original farmhouse currently occupied by Davey Tree. Family business has grown and evolved over the years, leading to eventual construction of the 24,650 square foot building in 1995. Apex Marble and Granite was started in 1999 and been in this location for 15 years. Later the company added the AMG Casework Division, which has grown serving the Triangle with custom commercial cabinetry.

It is requested that a letter of intent format offer be made to include lease terms assumed by the purchase offer. Due diligence information is available upon request.

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EXECUTIVE SUMMARY

INVESTMENT HIGHLIGHTS

• 24,650 SF main building

• Apex Marble and Granite is a strong 20-year diversified business

• Davey Tree Expert Company is the largest residential tree care company in North America.

LOCATION HIGHLIGHTS

• Morrisville continues to top multiple growth and quality of life lists. Its strategic position in the triangle continues to attract top businesses and industry. Located at the door step of RDU Airport and Research Triangle Park, it has been a catalyst for office and industrial development.

• Located less than one mile from the site is Perimeter Park, a leading office and industrial development with 3,000,000 SF of Class A office and 700,000 SF of industrial flex space. Tenants include Lenovo, TrialCard, Oracle, Bayer Corporation, Teleflex, and many others.

• NC Highway 54 / Chapel Hill Road is a major thoroughfare connecting 21,000 vehicles a day with Burlington, Chapel Hill, Morrisville, Cary and Raleigh.

• 1.1 miles to Morrisville Town Hall

• 3.3 miles to RDU Airport

• 1.9 miles to Park West Village power center

• 2.2 miles to Airport Boulevard and I-40 Exit

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FINANCIAL SUMMARY

Sales Price $3,406,000

Apex Marble & GraniteProposed Net Lease RateAnnual Revenue

$9.25/SF $228,012.50

Davey TreeAnnual Revenue

$36,000

Net Lease Revenue $264,012.50

Cap Rate 7.75%

Annual Lease Escalations 3.0%

Lease Term 5 Years

THE ASSET

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10315 CHAPEL HILL ROAD PROPERTY DETAILS

Address10315 Chapel Hill Road

Morrisville, NC

Building Size 24,650 SF

Year Built/Renovated 1995

Area Breakdown2,800 SF Showroom & Office

2,400 SF Office Mezzanine

TenantApex Marble & Granite

AMG Casework

Frame Steel Structure

Facade Granite and Metal Panel

Roof Metal Panel

Restrooms Five Restrooms

HVAC 9 – 3 ½ Ton Units

Using R22 Refrigerant

Electrical Three-phase, 120/208v 800 Amp Service

Parking 35 Marked Spaces with Additional Gravel

Parking in Yard

10313 CHAPEL HILL ROAD PROPERTY DETAILS

Address10313 Chapel Hill Road

Morrisville, NC

Buildings

Building 1 - 1,739 SF Freestanding Office

Building 2 - 2,400 SF Metal Storage Building

Year Built/RenovatedBuilding 1 - 1915

Building 2 - 1970

TenantDavey Tree Expert Company

(Tenant Since 1996)

THE ASSET

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AERIAL

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RDU INTERNATIONAL AIRPORT

UPS FREIGHT

OLD DOMINION FREIGHTPROFESSIONAL

BUILDERS SUPPLY

BURT’S BEES

40

540

54

Airport Boul

evArd

PERIMETER PARKLENOVO

MICROSOFTCREDIT SUISSE

BAYER CORPORATIONCHANNELADVISOR

ORACLESPECTRUMJAGGAERFUJIFILM

TRIALCARD40

AviA

tion

pAr

kwAy

AviAti

on pA

rkwA

y

Airp

ort B

oule

vArd

MORRISVILLE TOWN HALL

HILTON GARDEN INN

FLOOR PLAN

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REF

.

UP

UPUP

UP

FIRST FLOOR

OFFICE

OFFICE OFFICE

BREAKROOM

OFFICE

STORAGE

200’

100’

WOOD SHOP CABINET SHOPGRANITE SHOP

SHOWROOM

FLOOR PLAN

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REF. DN

DN

DN

DN

DN

SECOND FLOOR

OPEN TO BELOW OPEN TO BELOW OPEN TO BELOW OPEN TO BELOW

MEZZANINE OFFICE SPACE

OFFICE

OPEN OFFICE

OFFICE OFFICEOFFICE

OFFICE

OFFICE OFFICE OFFICE OFFICEOFFICE

CONFERENCE ROOM

PROPERTY AERIAL

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ZONING MAP

12 TradeMark PropertiesDisclaimeriMaps makes every effort to produce and publish the most current and accurate information possible.However, the maps are produced for information purposes,and are NOT surveys. No warranties, expressed or implied,are provided for the data therein, its use,or its interpretation.

0 430 860215 ft

1 inch = 400 feet±

MARKET OVERVIEW

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#5American’s Next

Boom Town

#5City Of

The Future

#9Best City For Jobs

#6Best City To

Start A Career

RALEIGH ACCOLADES

THE TRIANGLE AREA

The Research Triangle Region is composed of the 10-county area surrounding the three primary cities of Raleigh, Durham, and Chapel Hill. The population of the region is 2,300,000 and grows by 63 people daily, 21 through birth and 42 move-ins. The population is projected to grow by 8.3% over the next five years. Wake County, home to Raleigh, has a population of 1,995,367 and the City of Raleigh’s population is, 438,000.

Median household income is $52,000 and the median age is 36.3. The average selling price of a home region wide is $240,000. The region conducts $2,000,000,000 in research annually, which speaks volumes for the region’s global power in the technology and science based economy. Unemployment stands at 3.3% as of December 2018, employment grew by about 20,000 jobs in 2018. Combine the three major universities, world class health care, our economic base and the quality of life and it is no wonder that the region continues to receive countless accolades from national and international organizations.

Top5Best CBD To

Invest In

#4Best Cities For

Digital Entrepreneurship

#5Top 10

Software Hotspots

#8Leading Metro For Biotech Investment

AREA OVERVIEW

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THE TRIANGLE AREA

Relocations and new investment marches on – last year new investment totaled $3,000,000,000 in the region. Several examples include:

Site Selection Magazine has named the region #1 for 10 out of the last 13 years nationally.

Funded a $16,000,000 expansion and will add 600

more jobs (Wake County)

Plans to expand its plant at a cost of $19,500,000

Plans to add 300 new jobs (Wake County)

Plans to add 350 jobs (Wake County)

Plans to expand their plant by $210,000,000 and 250 jobs (Johnston County, adjacent to

Wake County)

Proceed with a $1,900,000,000 expansion

and create 700 new jobs (Johnson County)

AREA OVERVIEW

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WAKE COUNTY ECONOMIC DRIVERS

THE INNOVATION ECOSYSTEM

The Research Triangle region has long been associated with innovation, thanks to corporate tech giants like IBM and Cisco in Research Triangle Park and more recently Red Hat and Citrix in downtown Raleigh, but within the last few years, the region has emerged as a hotbed of innovation springing out of the local startup community.

Raleigh alone is home to more than 500 startup companies, totaling 2,500 jobs in a wide range of industry sectors. Companies in Raleigh raised over $175,000,000 in capital in 2015, attesting to the fact that the startup scene is here to stay. Then there were the companies that had left the startup stage and were acquired—in 2015 Raleigh company acquisitions totaled over $1,100,000,000.

The innovation ecosystem has spread from the founding Research Triangle Park (RTP) in 1959, which is about 14 miles from the subject building. RTP is one of the most transformational public-private partnerships in our nation’s history. The Park, a 7,000-acre development, is home to more than 170 companies, including everything from Fortune 100 multinational R&D operations to freshly hatched university spin-outs.

It’s also the biggest economic driver for the region, home to 38,000 full-time knowledge workers and a model for innovation, education and economic development that has been studied and applied around the world.

It has Nobel and Pulitzer Prize winners, recipients of the U.S. Presidential Award, and of the National Science Foundation Award. The UPC (Universal Product Code) and 3D ultrasound technology were both pioneered in the Park.

WORLD CLASS UNIVERSITIES

The region is home to three world class universities: North Carolina State University (Raleigh and about a mile from the subject building); Duke University (Durham); and University of North Carolina (Chapel Hill). Together they have about 75,000 graduate and undergraduate students. UNC and Duke also have large scale medical schools that help propel the world class health care reputation of the Research Triangle. In addition to the major universities, there are six other colleges and universities with a total student population of about 16,000. Wake Technical Community College and Durham Technical Community College have student populations of about 50,000.

AREA OVERVIEW

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WAKE COUNTY ECONOMIC DRIVERS

WORLD CLASS HEALTHCARE

US News & World Report has honored multiple hospitals in the Triangle with high national ranks in numerous adult and pediatric specialties. Great healthcare is just one of the reasons that so many people move to the Triangle for its great quality of life. There are about 3,900 beds in the Triangle with patient visits at about 2,700,000 annually.

WAKE COUNTY EMPLOYMENT

The employment base is diverse and includes a substantial public sector spread between federal, state and local government and health care and higher education. The following are the top employers within Wake County:

LARGEST TRIANGLE EMPLOYERS

EMPLOYERS # EMPLOYEES

Duke University & Health System 38,591

Walmart 16,315

WakeMed Health & Hospitals 9,105

IBM 8,000

Target 8,000

UNC Rex Healthcare 7,400

SAS 5,632

Cisco Systems 5,000

Harris Teeter 5,000

BCBS 4,700

AREA OVERVIEW

TradeMark Properties

Chapel Hill Road

Morrisville, NC

10315

A SALE LEASE BACK INVESTMENT OPPORTUNITY IN MORRISVILLE, NC TradeMark Properties