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Main Street Pizza Company 924 S Main Street Kannapolis, NC 28081 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY

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Main Street Pizza Company 924 S Main Street Kannapolis, NC 28081 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY 1 Main Street Pizza Company 924 S Main Street Kannapolis, NC 28081 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY: JOHN DUDASH JOHN FRAMPTON AMAR GOLI Lic. # 312457 Lic. # 312517 Lic. # 310575 980.729.5668 | DIRECT 980.729.5628 | DIRECT 980.729.5626 | DIRECT [email protected] [email protected] [email protected] 310 Arlington Avenue, Suite 302 Charlotte, NC 28203 844.4.SIG.NNN www.SIGnnn.com In Cooperation With: Sands Investment Group North Carolina, LLC – Lic. # 29362 3 SANDS INVESTMENT GROUP TABLE OF CONTENTS 04 06 07 12 14 INVESTMENT OVERVIEW LEASE ABSTRACT PROPERTY OVERVIEW AREA OVERVIEW TENANT OVERVIEW Investment Summary Lease Summary Property Images City Overview Tenant Profile Investment Highlights Rent Roll Location, Aerial & Retail Maps Demographics © 2021 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum’, has been obtained from sources believed to be reliable. Sands Investment Group does not doubt its accuracy; however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine its accuracy and completeness. Any and all proJections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these proJections, market assumptions and cash flow analysis are subJect to change with property and market conditions. Sands Investment Group encourages all potential interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction. SANDS INVESTMENT GROUP 4 INVESTMENT SUMMARY Sands Investment Group is Pleased to Present Exclusively For Sale the 1 , 932 SF Located at 924 S Main Street in Kannapolis, NC. With Approximately 7 Years Remaining on the Lease and 3 % Annual Rent Increases, This Offering is Being Sold Below Replacement Cost and Provides an Excellent Hedge Against Inflation. OFFERING SUMMARY PRICE $496,828 CAP 7.00% NOI $34,778 PRICE PER SF $257.16 GUARANTOR Personal PROPERTY SUMMARY ADDRESS 924 S Main Street Kannapolis, NC 28081 COUNTY Cabarrus BUILDING AREA 1,932 SF LAND AREA 0.67 AC BUILT 1960 ACTUAL PROPERTY IMAGE 5 MAIN STREET PIZZA COMPANY HIGHLIGHTS § Long Term Lease With Approximately 7 Years Remaining § Strong Demographics - Population of 80,815 Residents on The Lease With One 5-Year Option Period With an Average Household Income of Over $69,977 Within a 5-Mile Radius § Lease Maintains 3% Annual Rent Increases Providing an Excellent Hedge Against Inflation § Kannapolis is Home to a New Biotech Research Institute Just 1-Mile Away From the Subject Property § Well Below Market Rent - $18.00 Per SF § Located Less Than 30-Miles From the Charlotte, NC MSA § Main Street Pizza Company Brings Traditional New York Style Pizza and is a Well-Known Local Restaurant § Less Than 5 Minutes From the Atrium Health Ballpark a Baseball Stadium With a Seating Capacity of 3,218 § Tenant Has Remained Open and is Paying Rent Throughout the COVID-19 Pandemic § Less Than 10 Minutes Away From the Atrium Health Cabarrus, a Regional 457-Bed, Not-For-Profit Hospital § Tenant Recently Made Improvements to the Property, in Concord, NC Showing Commitment to This Location § The Restaurant Has Been in Business at This Location Since 2015 ACTUAL PROPERTY IMAGE LEASE SUMMARY6 TENANT Main Street Pizza Company PREMISES A Building of Approximately 1,932 SF LEASE COMMENCEMENT November 5, 2015 LEASE EXPIRATION October 31, 2027 LEASE TERM ~7 Years Remaining RENEWAL OPTIONS 1 x 5 Year RENT INCREASES 3% Annually LEASE TYPE Double Net (NN) PERMITTED USE Restaurant PROPERTY TAXES Tenant’s Responsibility INSURANCE Tenant’s Responsibility COMMON AREA Tenant’s Responsibility ROOF & STRUCTURE Landlord's Responsibility REPAIRS & MAINTENANCE Tenant's Responsibility HVAC Tenant's Responsibility UTILITIES Tenant’s Responsibility RIGHT OF FIRST REFUSAL Yes SQUARE ANNUAL RENT FOOTAGE BASE RENT PER SF 1,932 SF $34,778 $18.00 ACTUAL PROPERTY IMAGES 7 8 CHARLOTTE 9 Walker Street S Main Street 10 S Main Street Rankin Street 11 S Main St CHARLOTTE, NC KANNAPOLIS | CABARRUS COUNTY | NC 12 The City of Kannapolis is located in the north central portion of Cabarrus County, and South-Central portion of Rowan County, North Carolina. These Counties are in the east central part of the Metrolina urban region. The City, incorporated on December 11, 1984, covers an area of approximately 31 square miles. The City is located approximately twelve miles northeast of the City of Charlotte, North Carolina, and abuts the City of Concord and is one of six incorporated municipalities in Cabarrus County and one of ten incorporated municipalities in Rowan County. With a 2020 population of 52,983, it is the 20th largest city in North Carolina. The City of Kannapolis is part of the dynamic Charlotte region, one of the top growth areas in the country. While North Carolina is consistently ranked highly for its business climate by Site Selection MagaZine and other publications, Kannapolis is specifically attractive for businesses thanks to competitive tax structure, ideal location, workforce availability and pro- business attitude.A unique place where health, nutrition, science and education are becoming the business of the City and where a significant investment of the business sector has already been made. Kannapolis has evolved from a textiles and manufacturing City to one built around the business of health and wellness. It started with the creation of the North Carolina Research Campus, home to eight university programs working on health sciences. Kannapolis lies in the heart of the dynamic Charlotte metro region and offers a host of activities and resources for both business and leisure travellers. Downtown Kannapolis includes the historic Gem Theatre, Village Park, Veterans Park and attractions like the NC Music Hall of Fame and the Dale Earnhardt Tribute, as well as shopping and dining opportunities. The city has a rich history of motorsports and music. Three-time NASCAR Sprint Cup champion Tony Stewart’s Stewart-Haas Racing headquarters is located in Kannapolis. Atrium Health Ballpark is a baseball stadium in Kannapolis, North Carolina. It is the home for the Kannapolis Cannon Ballers, the Class A South Atlantic League affiliate of the Chicago White Sox, replacing Intimidators Stadium. NORTH CAROLINA RESEARCH CAMPUS ATRIUM HEALTH BALLPARK 13 (11,138 VPD) S Main St Dale Earnhart Blvd (200,000 VPD) (200,000 (27,292 VPD) 3 MILES 5 MILES 10 MILES POPULATION 45,434 80,815 222,323 AVERAGE HH $66,522 $69,977 $85,852 INCOME 14 MAIN STREET PIZZA COMPANY TENANT PROFILE Main Street Pizza Company brings traditional New York style pizza with a little southern hospitality. The mission here at Main Street Pizza Company is to bring fresh quality ingredients to your table each day. We take pride knowing that you will enjoy a pizza made from fresh dough made daily, homemade marinara sauce and our own special cheese blend. The best Italian restaurant in Kannapolis, Main Street Pizza Company is in the business of creating exquisite food, memorable experiences and a healthy atmosphere. For more information, click here to visit the website. ACTUAL PROPERTY IMAGE SANDS INVESTMENT GROUP 15 CONFIDENTIALITY AGREEMENT The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the written consent of Sands Investment Group. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree that by accepting this Memorandum you agree to release Sands Investment Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property. EXCLUSIVELY MARKETED BY: 16 JOHN DUDASH JOHN FRAMPTON AMAR GOLI Lic. # 312457 Lic. # 312517 Lic. # 310575 980.729.5668 | DIRECT 980.729.5628 | DIRECT 980.729.5626 | DIRECT [email protected] [email protected] [email protected] In Cooperation With: Sands Investment Group North Carolina, LLC – Lic. # 29362 Main Street Pizza Company 924 S Main Street Kannapolis, NC 28081.
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