STRONG LEASE FUNDAMENTALS - 15-Year Ground Lease - Providing a hands off investment - Zero Landlord Responsibilities - 10% Increases in current term and in option periods EXPERIENCED FRANCHISEE - QAS (Quality Auto Service) was established in 2001 and is the second largest franchisee of Valvoline - More than 200 locations across 13 states and headquartered in Charlotte, NC LOCATED IN RETAIL CORRIDOR - Over 424KSF of retail space located in a 1-mile radius - Nearby national retail tenants include: Food Lion, Publix Supermarket, Walmart Neighborhood Market, Petco, Sherwin-Williams, and more WILMINGTON MSA - One of the fastest growing cities in the US, Wilmington’s population grew 7.98% since 2020 and is ranked number nine on the US News national list - According to the Milken Institute, Wilmington was ranked 7th best preforming cities out of 200 comparable sized cities INDUSTRIAL GROWTH - In 2022, Wilmington approved incentives for four major companies in the area - GE, Port City Logistics, Live Oak Bank, and MegaCorp and the city gained more than 1,000 jobs and $125 million in capital investments EASY ACCESS OFF OF BUSY CONNECTOR I-50 - Site is positioned on NC-50 (22K VPD) which runs all down the coast of North Carolina - With a designated right turn lane, access from the lighted intersection, and multiple points of ingress and multiple points of ingress and egress, the Valvoline offers a smooth and convenient entry and exit for customers