FULLY LEASED INVESTMENT OPPORTUNITY

The subject property is approximately 3 acres located on Jefferson Davis Hwy (US Hwy 1) in rapidly growing Sanford, NC. It is approximately 45 miles from Raleigh, NC. US Hwy 1 is a very busy highway, and the property has frontage, visibility, signage, and direct access onto the highway. The tenant, Value Build Homes, has been leasing this property since 2009. There are three structures on the property that the tenant occupies; two are model homes and one is a modular office. All were built in 2000. This property is an ideal 1031 exchange property as it is a very low risk, low maintenance investment due to the tenant’s historical, long term tenancy. There are minimal landlord responsibilities in the lease (Landlord only pays taxes and insurance), and the rent escalates three percent annually. Tenant has leased the property for the past 12 years and just renewed for 3 more years, showing their continued long term commitment to the property. Three Buildings on property: 2 model homes consisting of +/- 2,678 square feet (including 2 car garage) and +/- 1,548 square feet (including one car garage), and a model home used for sales offices consisting of +/- 2,322 square feet