Apex, North Carolina

Home , Research Triangle Park

Jenks Road 8108 Apex, North Carolina

9.66-ACRE DEVELOPMENT SITE 8108 Jenks Road PROPERTY MAP

8108 Jenks Road ADDRESS Apex, NC

PIN: 0722673959

Wake County LOCATION Town of Apex

AREA 9.66 AC

CURRENT ZONING RR

ACCESS Jenks Road & Wimberly Road

UTILITIES All public utilities nearby

COLLIERS INTERNATIONAL | 2 8108 Jenks Road TOPOGRAPHY

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Disclaimer TITLE 0 55 110 220 ft iMaps makes every effort to produce and publish the most current and accurate information possible. However, the maps are produced for information purposes, ± 1:1,200 and are NOT surveys. No warranties, expressed or implied, are provided for the data therein, its use,or its interpretation.

COLLIERS INTERNATIONAL | 3 8108 Jenks Road STREAMS

Disclaimer 0 105 210 420 ft iMaps makes every effort to produce and publish the most currentCOLLIERS and accurate INTERNATIONAL information possible. | 4 However, the maps are produced for information purposes, ± 1:2,400 and are NOT surveys. No warranties, expressed or implied ,are provided for the data therein, its use,or its interpretation. 8108 Jenks Road SOILS

Disclaimer 0 105 210 420 ft iMaps makes every effort to produce and publish the most current and accurate information possible. However, the mapsCOLLIERS are produced INTERNATIONAL for information purposes, | 5 ± 1:2,400 and are NOT surveys. No warranties, expressed or implied ,are provided for the data therein, its use,or its interpretation. 8108 Jenks Road SEPTIC

Disclaimer 0 105 210 420 ft iMaps makes every effort to produce and publish the most current and accurate information possible. However, the mapsCOLLIERS are produced INTERNATIONAL for information purposes, | 6 ± 1:2,400 and are NOT surveys. No warranties, expressed or implied ,are provided for the data therein, its use,or its interpretation. 8108 Jenks Road CURRENT ZONING

Disclaimer 0 215 430 860 ft iMaps makes every effort to produce and publish the most currentCOLLIERS and accurate INTERNATIONAL information possible. | 7 However, the maps are produced for information purposes, ± 1:4,800 and are NOT surveys. No warranties, expressed or implied ,are provided for the data therein, its use,or its interpretation. 8108 Jenks Road 2030 LAND USE MAP

COLLIERS INTERNATIONAL | 8 8108 Jenks Road AREA MAP

The property is close to historic downtown Apex with its shops, boutiques, restaurants, eateries and services. The area is served by more than 500 acres of parks including dog parks, nature parks and the new skate plaza. Major transportation corridors, including I-540, Hwy 64, Hwy 55 and US1, put attractions and employment centers conveniently close. Vibrant Raleigh is just 15 minutes away while the renowned Research Triangle Park tech hub is within 16 miles.

Research Triangle Park RDU International Airport

DRIVE TIMES Apex Downtown Apex 8 minutes Downtown Cary 15 minutes Downtown Raleigh 22 minutes RDU Airport 23 minutes RTP 24 minutes

Downtown Durham 30 minutes FUTURE 540 COMPLETION

COLLIERS INTERNATIONAL | 9 8108 Jenks Road DEMOGRAPHICS

POPULATION 1-MILE 3-MILE 5-MILE MEDIAN HOUSEHOLD INCOME 1-MILE 3-MILE 5-MILE 2000 Population 2,326 21,856 80,933 2018 Median Household Income $61,983 $95,414 $101,449 2010 Population 3,268 35,701 113,004 2023 Median Household Income $69,998 $100,492 $104,155 2018 Population 4,817 45,142 139,930 AVERAGE HOUSEHOLD INCOME 2023 Population 5,807 51,600 157,877 2018 Average Household Income $74,552 $112,043 $122,686 2000-2010 Annual Rate 3.41% 4.66% 3.37% 2023 Average Household Income $84,410 $121,587 $132,632 2010-2018 Annual Rate 4.56% 2.85% 2.60% PER CAPITA INCOME 2018-2023 Annual Rate 3.85% 2.68% 2.35% 2018 Per Capita Income $28,795 $39,983 $43,393 2018 Median Age 35.3 36.1 37.3 2023 Per Capita Income $32,501 $43,306 $46,682 HOUSEHOLDS EDUCATION 2000 Households 862 7,778 28,589 Associate’s Degree 8.9% 8.9% 8.8% 2010 Households 1,194 12,689 40,199 Bachelor’s Degree 27.6% 40.2% 38.6% 2018 Total Households 1,748 16,060 49,377 Graduate/Professional Degree 12.7% 21.6% 24.2% 2023 Total Households 2,111 18,331 55,452 RACE/ETHNIICTY 2000-2010 Annual Rate 3.19% 4.74% 3.45% White Alone 65.7% 78.3% 79.0% 2010-2018 Annual Rate 4.36% 2.87% 2.43% Black Alone 16.8% 9.7% 8.1% 2018-2023 Annual Rate 3.85% 2.68% 2.34% Hispanic Origin 17.6% 7.7% 6.3% 2018 Average Household Size 2.70 2.80 2.83 AGE HOUSING 18+ 73.4% 71.2% 72.0% 2018 Total Housing Units 1,856 16,785 51,940 55+ 26.6% 28.8% 28.0% 2018 Owner Occupied Housing Units 62.4% 72.8% 76.0% 2018 Renter Occupied Housing Units 32.3% 22.8% 19.4% 2018 Vacant Housing Units 5.3% 4.5% 4.6% DAYTIME POPULATION 2018 Daytime Population 7,762 44,204 122,735 Workers 5,047 22,093 54,256

COLLIERS INTERNATIONAL | 10 8108 Jenks Road MARKET OVERVIEW | COMMUNITIES

Preserve at White Oak Westford Apartments Enclave at White Oak Creek Executive Collection Community

The Villages at Westford is setting a new standard for luxury apartment living. Located right off 64, minutes from Downtown Apex, with easy access 3235 to 3789+ Sq. Ft. 2-Car Garage to Raleigh. Our resort-inspired, luxury community, is ready to take your 2 & 3 story homes 2-4 car garage 4 to 6 Bedrooms 2 Stories apartment living experience to the next level. Find yourself in the stunning 2 to 7 bedrooms 1,820 to 4,867 square feet 3.5 to 5.5 Baths architecture and high standards of our pet-friendly apartments. Featuring 2 to 6 full bathrooms gorgeous custom home finishes, such as nine-foot ceilings, oversized win- dows, plush carpeting and private patios.

COLLIERS INTERNATIONAL | 11 8108 Jenks Road MARKET OVERVIEW | RESIDENTIAL DEVELOPMENT

The Pines at Crestmont Residential Wake Crossing

Greenmoor Residential

The Preserve at White Oak 13,000 VPD

26,000 VPD

Westford

Smith Farm PUD Sweetwater PUD

COLLIERS INTERNATIONAL | 12 8108 Jenks Road HIGHER EDUCATION INSTITUTIONS

Undergraduate Graduate Institution Students Students

1 1. Duke University 6,532 8,660

North Carolina State 2. 24,111 9,904 6 12 University The University of North 3. 19,117 8,417 Carolina Chapel Hill 10 Campbell University Law 4. 4,676 1,637 3 School

5. Meredith College 1,981 -

North Carolina Central 11 6. 6,355 1,742 11 University 7. St. Augustine’s University 1,508 -

5 8. Shaw University 1,505 - 2 4 9 9. William Peace University 1,077 - 7 Southeastern Baptist 8 10. Theological Seminary / The 5,067 - College at Southeastern

Wake Technical Apex 11 11. 70,000+ - Community College

Durham Technical 12. 5,605 - 11 Community College

COLLIERS INTERNATIONAL | 13 8108 Jenks Road NOTABLE RETAIL CENTERS

Square Anchors / Major Retail Center Year Built Footage Tenants Target,TJ Maxx, 1. Brier Creek 800,000 2002 Dick’s Sporting Goods Nordstrom, Ma- The Streets at 2. 1,330,000 2002 cy’s, Apple, Crate Southpoint & Barrel Dick’s Sporting Crossroads Goods, Bed Bath 3. 250,000 SF 1992 1 Plaza and Beyond, Best 2 Buy Ruth’s Chris, Bonefish, 4. Arboretum 92,000 SF 2003 BurgerFi, World 9 of Beer Crabtree Valley Macy’s, Best Buy, 5. 1,326,000 SF 1972 Mall Old Navy, Sears

5 Under Con- Wegman’s, Trad- 8 6. Midtown East 174,000 SF 4 struction er Joe’s, Costco 6 The Fresh Cameron 1949, 1980, Market, Harris 7. 557,936 SF 7 Village 2002 Teeter, Rite Aid, Ann Taylor Target, Regal 8. North Hills 988,500 SF 1967, 2007 Cinemas, Hyatt 3 Belk, Dillards, Triangle Town 9. 1,272,263 SF 2002 Sears, Macy’s, Center 10 Saks Fifth Ave

Lowes Food, Tar- Beaver Creek 10. 320,629 SF 2006 get, AC Moore, Crossing Apex Kohl’s

COLLIERS INTERNATIONAL | 14 8108 Jenks Road AREA AMENITIES

COLLIERS INTERNATIONAL | 15 8108 Jenks Road EMPLOYMENT HUBS

1. Downtown Durham has successfully transformed its business and economic landscape from one based upon tobacco and textile products to a modern, cutting-edge economy. GlaxoSmithKline and Cree are just some of the forward-thinking companies that have headquarters in Durham. 1 Downtown specifically has become a destination location for employers.

2. Internationally-recognized Research Triangle Park is the oldest research park in America and one of the top in the world. It is comprised of 7,000 acres and 200 companies with over 50,000 employees. Home to names such as IBM, Cisco Systems, Syngenta, RTI International, and Credit Suisse, these organizations invest a combined annual payroll of $2.9 Billion dollars.

3. Consistently ranked one of the best places to 2 live and work, the suburb of Cary is a thriving community in the heart of the Triangle and home to national companies such as Deutsche Bank, Kelloggs, Siemens, RIM, and John Deere. Cary has an extremely talented workforce, with 60% of its residents having a bachelor degree or higher.

3 4. Downtown Raleigh is home to some of the most influential tech companies in the Triangle, including 4 Red Hat and Citrix, as well as a rapidly growing population, amazing cultural institutions, risk-taking entrepreneurs, and award-winning restaurants. There has been over $3 Billion completed, under construction, and planned projects in the Raleigh’s downtown in less than ten years. Additionally, Apex there is exponential growth in coworking space in Downtown Raleigh and Durham alike.

COLLIERS INTERNATIONAL | 16 8108 Jenks Road APEX, NORTH CAROLINA

Come and experience the “The Peak of Good Living” in Apex, North Carolina!

Apex, North Carolina is a charming blend of rich history and bright future. Founded in the 1860’s, the Town got its name from a location at the highest point on the old Chatham Railroad. Downtown Apex, considered one of the most intact turn-of-the-century railroad towns in the area, was listed on the National Register of Historic Places as an Historic District in 1994, and includes about 60 structures built between 1870 and 1940.

Today, Apex is one of the most vibrant, progressive, and fastest-growing communities in the Research Triangle area, and the thriving Downtown Historic District is at the Town’s heart. The unique mixture of historic homes, restaurants, and specialty shops gives special meaning to the motto: “Apex, the peak of good living.” It’s no surprise that Apex and the Triangle area have consistently appeared as a top 10-ranked community in major publications such as Business North Carolina, Money, CNN/Money, and Forbes. (Source: Apexdowntown.com)

COLLIERS INTERNATIONAL | 17 8108 Jenks Road APEX, NORTH CAROLINA

#1 BEST PLACES TO LIVE IN N.C. > FACTS & FIGURES CNN/Money Magazine • The town of Apex is growing rapidly with an increase of 19,710 residents since 2000 bringing the town population to 38,710 residents. #1 BEST CITY IN NORTH CAROLINA Movato • 55% percent of Apex’s population has a bachelor’s degree or higher.

• Apex has over 400 acres of outdoor spaces including parks and baseball fields. #3 BEST PLACES TO MOVE TO Forbes.com • Apex is known for its cultural events & festivals, including Apex Jazz Festival, Apex Summer Concert Series at the Depot, and Peak Fest. SAFEST CITY IN N.C. TO LIVE #4 Residential & Commercial Permit Concentrations Safewise.com Wake County: 2013–2014 There are many plans to continue residential #5 BEST N.C. TOWNS FOR YOUNG FAMILIES and commercial growth in Apex, as shown NerdWallet by the high concentration of building permits surrouding the town. Wake Forest HAPPIEST SUBURB IN AMERICA #5 Rolesville Movoto RDU RTP #9 BEST PLACES TO LIVE IN AMERICA Morrisville Raleigh Zebulon CNN/Money Magazine Knightdale Cary Wendell

APEX TOP BEST TOWNS FOR FAMILIES Clayton Family Circle Garner Legend New Permits within 18 months Holly Springs 10 Construction Type Commercial PLACES TO LIVE Residential TOP Permit Density RelocateAmerica.com High 100 Low

COLLIERS INTERNATIONAL | 18 8108 Jenks Road APEX, NORTH CAROLINA > NEW & FUTURE DEVELOPMENT late 2014. This retail development on 35 acres is planned to have Costco as an anchor tenant as well as nine other outparcels for future retail and • ATI Industrial Automation, a growing business in Apex, is planning for service businesses. third expansion in 12 years. Their robotics end-effector products are • Lowes Foods in Wellington Park is undergoing extensive renovations. used in the automotive, biomedical, electronic, and research industries. • The Western Wake Regional Water Reclamation Facility is now in • Wheelock Street Capital has been approved to build a single-family operation, providing the town with 6 million gallons/day of treatment development of 440 residences, all of which will be built by NVHomes capacity. and Ryan Homes. • Apex Friendship High School, a 313,978 SF school, is under construction • The plan for 540 Flex & Business Park was approved in April 2014. It and will open to students in 2015. will include 7 buildings on 10.74 acres totalling 135,439 SF of new office and flex space. • A new 160 acre nature park opened in Spring 2014 including an amphitheater, a disc golf course, several athletic fields, jogging and • Village Station East & West is a new Class A office building project within walking trails, lighted tennis courts, a two-acre dog park, basketball courts the award winning villages of Apex, a 202 acre master planned mixed- and a sand volleyball court. use community. This new development has been attracting top-notch tenants and continues to grow. • Veridea will be a new, sustainable, • Broadstone mixed-use urban community constructed Broadstone Station Plans Station is a on 1,000 acres witing the Town of Apex. It new mixed-use will offer almost all things one would find development in a development of such prominence, consisting of including a range of housing choices, a Walmart places to shop, many employment Supercenter opportunities, and a host of entertainment anchored and recreation options. Veridea, however, community will be more than a large, exceptional, center and mixed-use development in the heart of a nearly 600 thriving region. Veridea is being developed residential units to become the next-generation extension of North Carolina’s world- • Nichols renowned Research Triangle Park (RTP). Plaza will begin construction in

COLLIERS INTERNATIONAL | 19 8108 Jenks Road DISCLAIMER

This Offering Memorandum contains selected information pertaining to the Property and does not purport to DISCLAIMER be a representation of the state of affairs of the Property or the owner of the Property (the "Owner") to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate The information contained in this document has• been obtained from sources believed reliable. While Colliers a purchase of real property. All financial projections and information are provided for general reference International RDU does not doubt its accuracy, Colliers International RDU has not verified it and makes no purposes only and are based on assumptions relating to the general economy, market conditions, competition guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and other factors beyond the control of the Owner and Colliers International RDU. Therefore, all projections, and completeness. Any projections, opinions, assumptions or estimates used are for example only and do assumptions and other information provided and made herein are subject to material variation. All references not represent the current or future performance of the property. The value of this transaction to you depends to acreages, square footages, and other measurements are approximations. Additional information and an on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. advisors should conduct a careful, independent investigation of the property to determine to your satisfaction In this Memorandum, certain documents, including leases and other materials, are described in summary the suitability of the property for your needs. Photos herein are the property of their respective owners and form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full use of these images without the express written consent of the owner is prohibited. Colliers International agreements referenced. Interested parties are expected to review all such summaries and other documents RDU and the Colliers International logo are service marks of Colliers International and/or its affiliated or of whatever nature independently and not rely on the contents of this Offering Memorandum in any manner. related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Neither the Owner or Colliers International RDU, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Offering Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property. AFFILIATED BUSINESS DISCLOSURE

The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or Colliers International RDU operates within a global family of Colliers companies with many subsidiaries offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without and/or related entities (each an "Affiliate") engaging in a broad range of commercial real estate businesses notice which may arise as a result of review of this Offering Memorandum. The Owner shall have no legal including, but not limited to, brokerage services, property and facilities management, valuation, investment commitment or obligation to any entity reviewing this Offering Memorandum or making an offer to purchase fund management and development. In some cases. The names of these Affiliates show no reference to the the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, Colliers Affiliation. At all times different Affiliates may represent various clients with competing interests in delivered and approved by the Owner and any conditions to the Owner's obligation therein have been the same transaction. For example, this Offering Memorandum may be received by our Affiliates, including AACRE Properties, LLC; AACRE, LLC. Those, or other, Affiliates may express an interest in the property described in this Offering Memorandum (the "Property") may submit an offer to purchase the Property CONFIDENTIALITY AGREEMENT and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither Colliers International RDU nor any involved Affiliate will have any obligation to disclose to you This is a confidential Offering Memorandum intended solely for your limited use and benefit in determining the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, Colliers whether you desire to express further interest in the acquisition of the Property. By receipt of this Offering International RDU will act in the best interest of the client(s) it represents in the transaction described in Memorandum, you agree that this Offering Memorandum and its contents are of a confidential nature, that this Offering Memorandum and will not act in concert with or otherwise conduct its business in a way that you will hold and treat it in strictest confidence and that you will not disclose this Offering Memorandum benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its or any of its contents to any another entity without the prior written authorization of the Owner or Colliers business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in International RDU. You also agree that you will not use this Offering Memorandum or any of its contents in the transaction described in this Offering Memorandum. any manner detrimental to the interest of the Owner or Colliers International RDU. If after reviewing this Offering Memorandum, you have no further interest in purchasing the Property, kindly return this Offering Memorandum to Colliers International RDU.

COLLIERS INTERNATIONAL | 20 Jenks Road 8108 Jenks Road 8108 Apex, North Carolina

Milos Radojkovic Vice President DIR +1 919 282 4000 [email protected]

COLLIERS INTERNATIONAL | 21