MEDICAL OFFICE BUILDING 2921 CROUSE LANE | BURLINGTON, NC ADJACENT TO CONE HEALTH ALAMANCE REGIONAL MEDICAL CAMPUS ABOUT FURMAN CAPITAL ADVISORS

Furman Capital Advisors is an Investment Services Division of NAI Earle Furman. With offices in Greenville, SC and ANALYSIS PREPARED BY: Greensboro, NC, Furman Capital Advisors is solely focused on the sale of investment real estate in the southeastern region of Beau McIntosh, CCIM the United States. Providing a platform that offers reach to local, Vice President regional, national, and international purchasers, FCA celebrates [email protected] a number one market share within its target markets. Services 336 312 1835 include: • Real estate acquisitions • Dispositions • 1031 exchanges Bob Lewis, CCIM SIOR Broker • Portfolio management [email protected] • Loan workouts of various property types 336 214 1799 Furman Capital Advisors also provides clients with a full range of financial services including: • Comprehensive financial modeling • Due diligence analysis Allen Jones • Real estate valuations Associate • Loan sourcing and more! [email protected] 336 314 1631 Since 1986, Furman Capital Advisors has worked with capital funds, institutional advisors, REITs, lenders, entrepreneurs, and private investors locally, regionally, and nationally to ensure that a client’s business and investment goals are met and exceeded. April Corvinus By anticipating trends and identifying market opportunities, Transaction Coordinator knowledgeable Commercial Real Estate professionals are able [email protected] 336 681 8228 to maximize returns for their clients in an ever-changing market.

PROPERTY OVERVIEW Executive Summary

PURCHASE SUMMARY LEASE SUMMARY 2921 Crouse Ln. Address Rental Rate $20.00/SF Burlington, NC Ownership Fee Simple Lease Type NNN

Year Built 2004 Roof and Structure Landlord

GLA 14,355 HVAC $2500/Annual Cap

Lot Size 1.16 Acres Parking Lot Landlord

Parking 45 Spaces Tenant Improvement Negotiable

Proximity to Hospital 0.25 Miles Renewal Options One (5) Year Option

Price Call for Pricing Rent Increase 3% Annual

PROPERTY HIGHLIGHTS

• Directly across from Cone Health’s Alamance Regional Medical Center in Burlington’s primary medical submarket • Easy access to population density with an immediate connection to I-40 and total population of 83,018 within a 5-mile radius • The Burlington Metro’s population growth of 6.44% since last year makes it the fastest growing market in the Triad region and the 6th fastest growing market in the state • Recent capital improvements include new TPO Membrane roof system and 5 new HVAC systems

3. 2921 Crouse Lane | Burlington, NC PHOTOGRAPHY Burlington Medical Center

4. 2921 Crouse Lane | Burlington, NC PHOTOGRAPHY Burlington Medical Center

5. 2921 Crouse Lane | Burlington, NC PHOTOGRAPHY Burlington Medical Center

6. 2921 Crouse Lane | Burlington, NC FLOOR PLAN Burlington Medical Center - Overall Building

7. 2921 Crouse Lane | Burlington, NC FLOOR PLAN Burlington Medical Center - First Floor

8. 2921 Crouse Lane | Burlington, NC FLOOR PLAN Burlington Medical Center - Second Floor

9. 2921 Crouse Lane | Burlington, NC 02 Market Overview MARKET OVERVIEW I.Market LOCATION Analysis OVERVIEW CONTINUED

ALAMANCE COUNTY OVERVIEW Population Growth The Property is situated within Alamance County located in north central . +5.2% The county seat is Graham, the second largest city, and the county accounts for 435 159,688 Growth square miles. The county has deep historical roots within the textile manufacturing and agriculture industries, and is also home to many historic Civil War sites. 151,241 +9.4% Growth

138,281 30,522 2 56,1442 21.5%1 $72,452,1652 1 $47,647,040 Population Major MedianState FreightPopulation & InternationalHealthcare Local Health Interstates Ports Passenger Railroads Airport 2005 2010 2016 HH Income 65+ Spending Insurance Railroad (<1 hour) Population by City Alamance County Major Employers Burlington 290,22251,703 Organization Employees Greensboro

Alamance-Burlington School System 3,500 Winston-SalemGraham 14,812 244,605 LabCorp of America 3,000 BurlingtonMebane 10,815 51,703 Cone Health Alamance Regional 2,000 GrahamEltonElon 10,53214,812 1,500

City of Burlington 1,100 GibsonvilleElon 3,477 10,532 Wal-Mart Stores Inc. 1,000 GibsonvilleHaw River 2,3853,477 Alamance County 950 Green LevelElon 2,1152,384 GKN Driveline North America 800 Haw River

Alamance Community College 650 Swepsonville 1,335 Source: Alamance Chamber Honda Power Equipment 600 15

10. 2921 Crouse Lane | Burlington, NC MARKET OVERVIEW 02 Market Overview Market Analysis I. LOCATION OVERVIEW CONTINUED

ALAMANCE COUNTY OVERVIEW CONTINUED Several major public and private universities are within easy driving distance including Duke University, NC A&T, NC State University, North Carolina Central University, the University of North Carolina at Chapel Hill, UNC-Greensboro, and .

Located within 30 minutes from two international airports: Elon University - Raleigh Durham International (RDU): 400 flights/day, 47 daily nonstop destinations

- Triad International (PTI): 80 flights/day

CITYCITY OF OF GRAHAM BURLINGTON OVERVIEW OVERVIEW

TheOnly City 25 ofminutes Graham from is located both the near Triad the andcenter Triangle of the regions,State of NorthBurlington Carolina, offers along affordable, the I-40 /quality85 corridor, living midwaywith direct between access the to manyTriad ofand the Triangle nation’s regions finest . universities,This location nationally has contributed ranked healthcare to steady facilities, growth forand internationally known employers, ranging from high-tech fields to transportation and logistics. Take severala stroll decades, downtown changing and you the will land also around find the the city fromheadquarters rural to suburban of the andnation’s urban largest. laboratory services company, Laboratory Corporation of America (Labcorp). Burlington is home to the famous Sunbrella Graham is the county seat of Alamance County and has approximately 14,500 residents. It shares bordersbrand fabrics with the manufactured City of Burlington by Burlington-based and the Town of GlenHaw Raven,River. Inc. Distance From Property Children’s Museum of Alamance Demographics 1 Mile Distanc3e Miles from Property 5 Miles Population 1 miles 3 miles 5 miles 2018 3,950 32,427 76,763 Population 2023 Projected 4,300 34,509 80,908 2018 4,571 31,208 72,165 Growth 2018-2023 1.71% 1.25% 1.06%

20182023 Median Projected Age 4,815 40.5 32,561 40.8 75,245 38.5 2018Growth Total 2018 Daytime-2023 Population 5.34%8,595 4.34%42,347 4.27%84,938 HHouseholdsouseholds 2018 1,8771,867 12,33813,510 28,80230,754 2023 Projected Projected 1,9812,033 12,88614,397 30,06532,456 Average Growth Household 2018-2023 Income 5.54% 4.44% 4.39% Av2018erage Household Income $78,090 $79,787 $67,177 Burlington Downtown 20232018 Projected $50,026$86,982 $50,053$88,186 $50,921$75,364 Source: CoStar 11. 2921 Crouse Lane | Burlington, NC 16 LOCATION OVERVIEW State Map

SITE

12. 2921 Crouse Lane | Burlington, NC LOCATION OVERVIEW Regional Map

18 Miles From Site

Winston-Salem Greensboro

SITE 60 Miles Winston- From Site 45 MilesSalem From Site Greensboro

78 Miles FromRaleigh Site 29 Miles From Site SITE Raleigh

109 Miles 90 Miles 91 Miles From Site CharlotteCharlotte From Site From Site

13. 2921 Crouse Lane | Burlington, NC LOCATION OVERVIEW Area Map

TO RALEIGH

SITE

TO GREENSBORO

14. 2921 Crouse Lane | Burlington, NC DEMOGRAPHICS OVERVIEW 1, 3, 5 Mile Radius

POPULATION GROWTH HOUSEHOLD GROWTH AVERAGE HOUSEHOLD INCOME 5-Mile 5-Mile 2020

2000 59,632 2000 23,710 1-Mile $80,864 2010 70,758 2010 28,475 3-Miles $81,549 2020 83,018 2020 32,932 5-Miles $69,732

2025 87,966 2025 35,052

1.16% 2020-2025 Annual Rate 1.43% 2020-2025 Annual Rate $69,732 5-Mile Average Household Income

DAYTIME POPULATION MEDIAN AGE 2020 5-Mile

1-Mile 7,070 2010 37.2

3-Miles 44,025 2020 38.0 5-Miles 86,705 2025 38.6

86,705 2019 (5-Mile) 38.6 2020 (5-Mile)

2020 Esri

15. 2921 Crouse Lane | Burlington, NC DISCLAIMER

This Offering Memorandum contains select information pertaining to the business and affairs of the property located at 2921 Crouse Lane, Burlington, NC (“Property”). It has been prepared by NAI Piedmont Triad (“Agent”). This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in the Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Owner or Agent. The material is based in part upon information supplied by the Owner and in part upon financial information obtained from sources it deems reliable. The Owner, nor their officers, employees, or agents make any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence. By acknowledging your receipt of this Offering Memorandum for the Property, you agree: 1. The Offering Memorandum and its contents are confidential; 2. You will hold it and treat it in the strictest of confidence; and 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Owner.

Owner and Agent expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed by all parties and delivered.

If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to the Property including this Offering Memorandum. A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Agent or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or cause of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the creation of this Offering Memorandum. Beau McIntosh, CCIM Bob Lewis, CCIM SIOR Allen Jones April Corvinus Vice President Broker | NAI Piedmont Triad Associate Transaction Coordinator [email protected] [email protected] [email protected] [email protected]

336.373.0995 FurmanCapital.com 348 N Elm Street | Greensboro, NC 27401

Investment Services Division of NAI Piedmont Triad