Corporate Guarantee from Strong Credit Tenant - PNC Bank (NYSE: PNC) is the 6th largest bank in the United States - PNC Holds over $553.1B in assets - S&P Rating: A- Attractive Lease Fundamentals - 2% annual rental increases during the term - No Landlord responsibilities Long Operating History - PNC has been operating at this location for over 20 years - PNC recently extended the lease in 2023 for 5 ye Strong Surrounding Demographics - Over 322K people live within a 5-mile radius - Average household income nearly $100K - Nearly 500k residents live within a 15 mile drive time High Visibility in Major Retail Hub - Situated at the intersection of Kempsville RD (32,000 VPD) & Providence Rd (24,000 VPD) - Over 800K SF of retail located in 1-mile radius - Fairfield Shopping Center has recently gone through $1.5M of capital improvements - Nearby National Tenant’s include: TJ Maxx, Kroger’s, Starbucks, Verizon, and Chase