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Dunkin’ Donuts2 1 8 1 N R o b e r t s A v e | L u m b e r t o n , N C

O F F E R I N G M E M O R A N D U M

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2 | O f f e r i n g M e m o r a n d u m2 | M a t t h e w s R e t a i l A d v i s o r s ™

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E X E C U T I V E S U M M A R Y

f i n a n c i a l O V E R V I E W

a r e a O V E R V I E W

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K y l e M at t h e w sBroker Record

LIC # 288917

a n d r e w i va n k o v i c h

Associate

Andrew. Ivankovich@matthews.comDIR (214) 692-2037MOB (626) 807-3586LIC # 678815 (TX)

B r a d e n C r o c k e t t

Associate VP & Director

Braden.Crockett@matthews.comDIR (214) 692-2040MOB (714) 345-6206LIC # 01946071 (CA)

4 | O f f e r i n g M e m o r a n d u m

• Long Term Lease – 16.25 Years Remaining

• 5% increase coming in 2018 increases Cap Rate to 6.56% at list price

• Highest Cap Rate on the market for a Long Term Dunkin’ Donuts

• Minimal Landlord Responsibilities – Lease Contains a 15 Year Roof Warranty

• Recently Developed Building – Built in 2014

• Solid Traffic Counts – N Roberts Ave Sees Over 20,000 Vehicles Per Day

• Surrounded By National Retailers Including Walgreens, CVS, Taco Bell, KFC, and Advance Auto Parts

• Dense Retail Trade Area – Traffic is consistent due to the close proximity to The Biggs Park Mall which is only about a Half Mile Away

• 5% Rental Increases in Year 6 and Year 16 of lease

• Dunkin’ Donuts is one of the most highly sought after e-commerce proof retailers. Dunkin’ Donuts is enacting a significant growth

strategy expanding its national presence and brand recognition

• Strong Operator.

i n v e s t m e n t h i g h l i g h t s

e x e c u t i v e s u m m a r y

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D u n k i n ’ D o n u t s2181 N Roberts AveLumberton, NC 28358

List Price ................................................................................................................... $1,420,799

CAP Rate - Current ..........................................................................................................6.25%

Gross Leasable Area ..............................................................................................± 2,076 SF

Lot Size .................................................................................................................± 0.69 Acres

Year Built .............................................................................................................................. 2014

Annualized Operating DataAnnual Rent Rent/SF Increases Cap Rate

Current - 3/18/2019 $88,800.00 $42.77 6.25%

3/19/2019 - 3/18/2024 $93,240.00 $44.91 5% 6.56%

3/19/2024 - 3/18/2029 $93,240.00 $44.91 6.56%

3/19/2029 - 3/18/2034 $96,037.20 $46.26 5% 6.76%

Option 1 $98,918.28 $47.65 5% 6.96%

Option 2 $101,885.76 $49.08 5% 7.17%

Option 3 $104,942.40 $50.55 5% 7.39%

Option 4 $108,090.60 $52.07 5% 7.61%

Average Through Initial Term

6.53%

Tenant Summary

Tenant Trade Name Dunkin’ Donuts

Type of Ownership Fee Simple

Lease Guarantor Franchisee

Lease Type NN

Roof and Structure Landlord Responsible

Original Lease Term 20 Years

Lease Commencement Date 3/19/2014

Rent Commencement Date 3/19/2014

Lease Expiration Date 3/18/2034

Term Remaining on Lease ± 16.75 Years

Increases 5% Increases

Options 4 Year Options

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t e n a n to v e r v i e w

D u n k i n ’ D o n u t s , L u m b e r t o n , N C | 9

Dunkin’ Donuts

Dunkin’ Donuts is the world’s leading baked goods and coffee chain, serving more than 3 million customers everyday. Since its founding in 1950, Dunkin’ Donuts has earned the #1 ranking for customer loyalty in the coffee category for a consecutive nine years and a market leader in sales of hot, decaffeinated and flavored coffee, iced coffee, bagels, donuts and muffins. It is a subsidiary of Dunkin’ Brands, Inc., one of the world’s leading franchisors of quick-service restaurants that also operates the Baskin-Robbins chain.

An Industry LeaderDunkin’ Brands continues to pursue innovative menu choices through the collaboration of their culinary team of acclaimed chefs and their research and development team. From new types of coffee creations and flavors to limited time offers, Dunkin’ Donuts is constantly searching for products their patrons will love. With over 130 years of franchising experience, Dunkin’ Brands continues to deliver food and beverages quickly, affordably and conveniently in a welcoming environment through the Dunkin’ Donuts brand. Marketing and Company StrategyThrough extensive marketing efforts, Dunkin’ Brands has a 94% global brand awareness, including markets where the company has yet to establish stores. To broaden reach and recognition, Dunkin’ Donuts partners with other prominent and respected brands, including Coca Cola®, JetBlue®, Smucker’s®, and Keurig®. A distinguishing characteristic of the company is their passion for offering guests products they will enjoy, giving plenty of menu options, and providing accurate nutrition information so they can make informed choices.

Company Name Dunkin’ Donuts

Parent Company Trade Name Dunkin’ Brands (NASDAQ: DNKN)

Ownership Public

No. of Locations ± 11,500

No. of Employees (all) ± 270,000

Headquartered Canton, Massachussets

Website www.dunkindonuts.com

Year Founded 1950

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Oceanside Blvd ± 31,792

Col

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Blv

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t h e o f f e r i n g

Property Name Dunkin’ Donuts

Property Address 2181 N Roberts Ave

Lumberton, NC 92056

Assessor’s Parcel Number 10090201401

Zoning B4

Site DescriptionNumber of Stories One

Year Built 2014

Gross Leasable Area (GLA) ± 2,076

Lot Size ± 0.69 (30,056 SF)

Type of Ownership NN

Parking ± 22 Surface Spaces

Parking Ratio 10 : 1,000 SF

Landscaping Professional

Topography Generally Level

p a r c e l m a p

ConstructionFoundation Concrete Slab

Framing Wood

Exterior Painted Stucco

Parking Surface Asphalt

Roof Flat

D u n k i n ’ D o n u t s , L u m b e r t o n , N C | 1 1

s u r r o u N d i n g t e n a n t s

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Lumberton is the county seat of Robeson County, located in the Coastal Plains region of Southeastern North Carolina. Aside from being a major point of attraction for outdoor activities such as fishing and kayaking along the Lumber River, the town also hosts over 1,450 hotel rooms and over 80 restaurants. Located along Interstate 95, the midway point between New York and Florida, these facilities are strategically located to accommodate visitors coming from all along the east coast.

Being just 30 minutes away from Fayetteville, NC and sharing Robeson County with the University of North Carolina at Pembroke contributes to this community that is focused on revitalizing downtown Lumberton and increasing economic stability and growth.

L u m b e r t o n , N C

d e m o g r a p h i c s

POPULATION 1 Mile 3 Mile 5 Mile

2022 Projection 5,459 23,035 35,897

2017 Estimate 5,369 22,779 35,476

2010 Census 5,381 23,137 35,936

2000 Census 4,898 22,282 33,910

Growth 2017 - 2022 1.68% 1.13% 1.19%

HOUSEHOLDS 1 Mile 3 Mile 5 Mile

2022 Projection 2,226 8,959 13,338

2017 Estimate 2,185 8,832 13,140

Growth 2017 - 2022 1.87% 1.45% 1.50%

INCOME 1 Mile 3 Mile 5 Mile

2017 Est. Average Household Income

$62,604 $52,134 $51,397

a r e a o v e r v i e w

D u n k i n ’ D o n u t s , L u m b e r t o n , N C | 1 3

F ay e t t e V i l l eKnown as the home of Fort Bragg, a major U.S. Army Installation, Fayetteville is a city

in Cumberland County, North Carolina. Fort Bragg and Pope Field are located 12 miles northwest of the city’s central business district. As the backbone of the county’s economy,

Fort Bragg and Pope Field pump about $4.5 billion a year into the region’s economy, making Fayetteville one of the best retail markets in the country. With a low unemployment

rate and a large labor pool of trained professionals, Fayetteville serves as the region’s hub for shops, restaurants, services, lodging, healthcare and

entertainment. Just 30 minutes south of Fayetteville along the Lumber River is Lumberton, NC.

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Economic Development

The University of North Carolina at Pembroke provides tremendous value to Robeson County. The university populations including students, staff and guests brings in millions of dollars to the state every year.

Along with the school continuously contributing to the areas economic success the City of Lumberton has a history of maintaining its downtown Lumberton community including the National Register Commercial District. The city maintains a preservation based revitalization program that is determined to maintain the quality and growth of the area.

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Lumberton Regional Airport is located in Lumberton, NC, just a few miles west of the central business district of Lumberton. Being next to Interstate 95 and just 20 miles north of the North Carolina- South Carolina Border makes it an accessible and convenient location for travel.

The University of North Carolina at Pembroke is a major contributor to Robeson County. It brings in millions of dollars a year to the state and provides additional community to the historic county. It is a public, historically American Indian liberal arts university that is known as one of the safest schools in the University of North Carolina System. Its diverse campus welcomes students of all cultures and prides itself on the community that has been established within its campus.

The Lumber River is a 115-mile waterway that flows though Scotland, Robeson, and Columbus Counties. The river attracts fisherman, Kayakers, Canoeists, and others with its tranquil environment. The river is open year-round and is free to enjoy the scenic water destination.

N o ta b l e L o c at i o n s

LUMBERTON REGIONAL AIRPORT

THE UNIVERSITY OF NORTH CAROLINA AT PEMBROKE

LUMBER RIVER

SUBJECT PROPERTY

®

L o c a l T r a d e a r e a

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D u n k i n ’ D o n u t s , L u m b e r t o n , N C | 1 7

This Offer ing Memorandum contains select informat ion pertaining to the business and af fa i rs of Dunkin’ Donuts located at 2181 N Roberts Ave, Lumberton, NC, 28358 (“Property”) . I t has been prepared by Matthews Real Estate Investment Services. This Offer ing Memorandum may not be al l - inclusive or contain a l l of the informat ion a prospect ive purchaser may desire. The informat ion contained in th is Offer ing Memorandum is conf ident ia l and furnished solely for the purpose of a review by a prospect ive purchaser of the Property. I t is not to be used for any other purpose or made avai lable to any other person without the wri t ten consent of Sel ler or Matthews Real Estate Investment Services. The mater ia l is based in part upon informat ion suppl ied by the Sel ler and in part upon f inancial informat ion obtained from sources i t deems rel iable. Owner, nor their of f icers , employees, or agents makes any representat ion or warranty, express or impl ied, as to the accuracy or completeness of th is Offer ing Memorandum or any of i ts contents and no legal l iabi l i ty is assumed or shal l be impl ied with respect thereto. Prospect ive purchasers should make their own project ions and form their own conclusions without rel iance upon the mater ia l contained herein and conduct their own due di l igence.

By acknowledging your receipt of th is Offer ing Memorandum for the Property, you agree:

1 . The Offer ing Memorandum and i ts contents are conf ident ia l ;

2 . You wi l l hold i t and treat i t in the str ictest of conf idence; and

3. You wi l l not , d i rect ly or indirect ly, d isclose or permit anyone else to disclose this Offer ing Memorandum or i ts contents in any fashion or manner detr imental to the interest of the Sel ler.

Owner and Matthews Real Estate Investment Services expressly reserve the r ight , at their sole discret ion, to reject any and al l expressions of interest or of fers to purchase the Property and to terminate discussions with any person or ent i ty reviewing this Offer ing Memorandum or making an of fer to purchase the Property unless and unt i l a wr i t ten agreement for the purchase and sale of the Property has been ful ly executed and del ivered.

I f you wish not to pursue negot iat ions leading to the acquis i t ion of the Property or in the future you discont inue such negot iat ions, then you agree to purge al l mater ia ls relat ing to th is Property including this Offer ing Memorandum.

A prospect ive purchaser ’s sole and exclusive r ights with respect to th is prospect ive t ransact ion, the Property, or informat ion provided herein or in connect ion with the sale of the Property shal l be l imited to those expressly provided in an executed Purchase Agreement and shal l be subject to the terms thereof. In no event shal l a prospect ive purchaser have any other c la ims against Sel ler or Matthews Real Estate Investment Services or any of their af f i l iates or any of their respect ive of f icers , Directors , shareholders, owners, employees, or agents for any damages, l iabi l i ty, or causes of act ion relat ing to th is sol ic i tat ion process or the market ing or sale of the Property.

This Offer ing Memorandum shal l not be deemed to represent the state of af fa i rs of the Property or const i tute an indicat ion that there has been no change in the state of af fa i rs of the Property s ince the date this Offer ing Memorandum.

C O N F I D E N T I A L I T Y & D I S C L A I M E R S TAT E M E N T

1 8 | O f f e r i n g M e m o r a n d u m

BROKER OF RECORD

e x c l u s i v e ly l i s t e d b y

Dunkin’ Donuts2 1 8 1 N R o b e r t s A v e | L u m b e r t o n , N C

™

a n d r e w i va n k o v i c h

Associate

Andrew. Ivankovich@matthews.comDIR (214) 692-2037MOB (626) 807-3586LIC # 678815 (TX)

B r a d e n C r o c k e t t

Associate VP & Director

Braden.Crockett@matthews.comDIR (214) 692-2040MOB (714) 345-6206LIC # 01946071 (CA)

K y l e M at t h e w sBroker Record

LIC # 288917