MOUNTAIN ST & OFFERING GOLDSTON ST MEMORANDUM

6 UNIT APARTMENTS

Kannapolis, North Carolina A REA /PR OPER T Y INFORMA T ION

Property Information

The property which is the subject of this report is located at 201, 203, 205 & 207 Mountain St and 209 & 211 Goldston St, Kannapolis, North Carolina.

The property is identified in the Cabarrus County Tax Supervisor’s office as parcel ID 5613-57-9553-000. The site is approximately 6,116 square feet.

2 AREA/PROPERTY INFORMATION

Property Information

The apartment building consists of 6,045 square feet (8 Units).

Floors - Flooring consists of wood flooring with carpet and vinyl coverings.

Exterior Walls - Exterior walls are constructed of vinyl.

Interior Walls - Interior walls are of drywall.

Ceilings - Ceiling are insulated in all areas.

Doors - Exterior doors are made from wood. Interior doors are wood.

Roof - Roofing is asphalt shingle and is supported by pre-engineered trusses.

HVAC - Heating is provided by FWA. Air conditioner is provided by central units.

Site Improvements – Property has paved driveway and paved parking area, front porch, composite decking, and signage.

3 EXECUTIVE SUMMARY

•Oak Ave Mall: 17 minute walk / 3 minute drive • Revitalized Downtown Kannapolis: 21 minute walk / 4minute drive • NCRC: 22 minute walk / 5 minute drive • Train Station: 22 minute walk / 5 minute drive • Interstate Highway & Access to the Charlotte job market: 29 minute drive

Rent Roll

UNIT CITY, MOVE IN ADDRESS BEDROOM BATHROOM RENT SF NUMBER STATE, ZIP DATE

KANNAPOLIS AAP003-GL201 201 Goldston Street 9/16/2007 2 1 $646 1,084 NC 28081

KANNAPOLIS AAP003-GL203 203 Goldston Street 2/15/2014 2 1 $551 1,301 NC 28081

KANNAPOLIS AAP003-GL205 205 Goldston Street 9/20/2019 2 1 $850 1,134 NC 28081

KANNAPOLIS AAP003-GL207 207 Goldston Street 8/29/2017 2 1 $700 1,222 NC 28081

KANNAPOLIS AAP007-GS209 209 Goldston Street 6/1/2016 2 1 $721 1,155 NC 28081

KANNAPOLIS AAP003-GL211 211 Goldston Street 2/1/2015 2 1 $566 1,155 NC 28081

4 CASTLE & COOKE

Castle & Cooke was founded in 1851 as a partnership that sold farm tools, sewing equipment and medicine. From humble beginnings operating a general store to a worldwide leader in food, transportation, and real estate industries, and entrepreneurial spirit and vision continues.

After their passing, Castle & Cooke acquired & Cooke continues to focus on meeting this various companies eventually becoming the important goal. real estate arm of . David H. Murdock, current chairman, president and chief executive officer, along with his management team at Castle & Cooke. Castle

5 David H. Murdock acquired Fieldcrest Cannon in 2004 and announced his plans for a $1.5 billion scientific and economic revitalization project called the North Carolina Research Campus.

THE GOAL OF THE NRCR IS TO:

CONTRIBUTE DEVELOP INNOVATE

Contribute to the production of Develop clinical applications of Innovate in the fields of safer, more nutritious crops and targeted nutrition and precision bioinformatics and multi-omic healthier foods medicine discovery platforms.

6 CHARLOTTE ACCOLADES

Key Metro Statistics

During the last 5 years, Charlotte has experienced the fastest rate of growth in the country at 48.4%, compared to the national growth rate of 16%.

7 FASTEST GROWING TECH TALENT MARKETS

Charlotte 48.4% Madison, WI 47.0% Ft. Lauderdale 46.8% Jacksonville 40.7%

Salt Lake City 38.6% Miami 35.4% Portland, OR 35.3% Orlando 34.2% San Francisco 33.4%

Denver 30.9%

CHARLOTTE DEVELOPMENT TIMELINE +7.4M SF +3.4M SF GROSS ABSORPTION NET NEW ABSORPTION

#1 #1 #1 #2

MILLENNIAL MOVING TOP TECH STATE WITH FASTEST CITY CREATI