INDUSTRIALSALE LEASEBACK901 W MARKET CENTER DRHIGH POINT, NC 27260

John McClellan, CCIM, SIORO: 410.543.2428john.mcclellan@svn.com

Tom Townes, CCIM, SIORO: 336.812.3302Tom.Townes@cushwake.com

Bobby FinchO: 336.812.3303Bobby.Finch@cushwake.com

SVN | MILLER COMMERCIAL REAL ESTATE | 206 E. MAIN STREET, SALISBURY, MD 21801 SALE BROCHURE

INDUSTRIAL SALE LEASEBACK | 901 W MARKET CENTER DR HIGH POINT, NC 27260 SVN | Miller Commercial Real Estate | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy andcompleteness. All SVN® offices are independently owned and operated.

PROPERTY OVERVIEW

111,442 SF Sale Leaseback of manufacturing / warehouse plant in the Central / Triadregion of North Carolina. New eight year NNN lease starting at $2.50 PSF with 4-5year options. Carolina Custom Booth has been in operation since 2004 with strongannual growth. Current revenue in excess of $4M annually. Seller intends to remain inbusiness for long term using sale proceeds to expand product lines and invest inadditional equipment. Full financial details available with signed Non-Disclosureagreement.

PROPERTY HIGHLIGHTS

• Prime Central Location

• Well Kept Property

• Flexible Configurations

• Income Generating

• Low vacancy market / Below market rates

OFFERING SUMMARY

Sale Price: $3,482,563

Building Size: 111,442 SF

Price / SF: $31.25

Cap Rate: 8.0%

NOI: $278,605

Year Built: 1988

Zoning: Light Industrial

Market: High Point

Property Summary

Carolina Custom Booth Co. ● Carolina Custom Table Co. ● Carolina Soft Seating Co.

PO Box 150 ● High Point, NC 27261 ● P.336.886.3127 ● T.888.880.3127 ● F.336.886.3256

CCB Industries, LLC – Business Summary CCB Industries was founded as “Carolina Custom Booth Co.” in 2004 and was originally based on the manufacturing of restaurant booths. Based out of High Point, NC, “The Furniture Capital of the World,” we proudly produce USA manufactured products for domestic as well as some international projects. In the past 16 years, CCB has been incredibly blessed with opportunities to expand our operations to larger facilities 3 times. Restaurants are only a portion of the market that we now serve since we have diversified our product line and the types of projects that we are able to service. Our current product line includes more seating styles – banquettes, waiting benches, common area and accent seating, and soft seating (sectionals, sofas, loveseats, lounge chairs.) All items are made to order. We have a standard product line for our customers to choose from, we offer custom based on altering our styles, or complete product engineering to achieve their desired design intent. The other major branch of our business is based on tables. We offer a range of solid wood tabletops, laminate with wood and alternate edge details, and vinyl tops for use with linen service. Our tables are also made to order so we can make tables in custom shapes and sizes. We offer community tables for seating large groups or for grouping smaller parties together. Most tables can be produced in dining, counter, and bar height. Our dining tables have been used as office work surfaces and for conference rooms. Our capabilities with tables have also allowed us to produce some occasional tables (cocktail, end tables, etc.) We see occasional product as an area for future development and just another way that CCB can continue to grow and expand our market share. Our products are now used throughout the hospitality industry including major hotel chains, boutique style properties, country clubs, and night clubs. The growth and expansion of our product line has also allowed us to diversify in the types of projects - universities, hospitals, medical facilities, senior living, and the corporate office setting. A great part of our success is due to the team of independent sales representatives that CCB has built to represent us. We currently have 21 reps out in the field in all different states, and this includes representation for US government projects. Our sales force has expanded with CCB and we now cover the east coast, Midwest, northern regions, and into Texas. Our projects however may be specified and purchased for any area of the US and some beyond. CCB is comprised of an Owner/ Working president, Executive Officers, Office Staff, Plant supervisors, Plant Employees, and Delivery Drivers. This extensive structure allows us to manufacture product from the ground up in our facility from the order processing to engineering and manufacturing through to final assembly/ inspection to the coordination and delivery of the product on our own trucks or via other methods, if required. We recommend delivery by CCB personnel who are trained to handle our product and are more accountable, to reduce the likelihood of damage, and to allow for assembly of product and to be set in place for our customers. This is just one of the many steps that we take based on the pride of what we produce. Our success has also been built on happy customers who return, and we build lasting relationships with. CCB is a team-oriented environment that proudly manufactures proud in the USA and appreciates the opportunity to be a part of the “Furniture Community” in High Point, NC.

STD FILE

MAIN

OFFICE

5,196 +/- SF

FRAME BUILDING

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INDUSTRIAL SALE LEASEBACK | 901 W MARKET CENTER DR HIGH POINT, NC 27260 SVN | Miller Commercial Real Estate | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy andcompleteness. All SVN® offices are independently owned and operated.

Aerial Plot

INDUSTRIAL SALE LEASEBACK | 901 W MARKET CENTER DR HIGH POINT, NC 27260 SVN | Miller Commercial Real Estate | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy andcompleteness. All SVN® offices are independently owned and operated.

Office Photos

INDUSTRIAL SALE LEASEBACK | 901 W MARKET CENTER DR HIGH POINT, NC 27260 SVN | Miller Commercial Real Estate | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy andcompleteness. All SVN® offices are independently owned and operated.

Manufacturing Photos

INDUSTRIAL SALE LEASEBACK | 901 W MARKET CENTER DR HIGH POINT, NC 27260 SVN | Miller Commercial Real Estate | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy andcompleteness. All SVN® offices are independently owned and operated.

Aerial Photos

INDUSTRIAL SALE LEASEBACK | 901 W MARKET CENTER DR HIGH POINT, NC 27260 SVN | Miller Commercial Real Estate | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy andcompleteness. All SVN® offices are independently owned and operated.

Aerial Photos

Hills

Building location

HIGH POINT: North Carolina's International City™

A globally-connected community, High Point USA earns its nicknames as North Carolina's International

City™ and Home Furnishings Capital of the World™. Twice each year, the City hosts the High Point

Market, the world's largest home furnishings trade show. Other major industries in High Point include

furniture, textiles, and bus manufacturing.

Though historically focused on production of furniture, hosiery, and Hatteras Yachts, High Point

diversified its economy by becoming a center for distribution and logistics, customer service,

banking, manufacturing, photography and pharmaceuticals. The High Point Market remains

important to High Point's economy and the city's furniture industry. Its bi-annual trade show is the

largest furniture and furnishings industry event in the world. It is held in April and October of each

year. Approximately 12,000,000 square feet (1,100,000 m2) of showroom space is used by 2300

exhibitors, in 188 separate buildings. Over 100 countries are represented through both vendors and

visitors.

High Point is located alongside Greensboro and Winston-Salem in the Piedmont Triad region of North

Carolina, the nation’s 33rd largest metro area with a population exceeding 1.7 million. Most of the city is

located in Guilford County, with portions extending into neighboring Randolph, Davidson, and Forsyth

counties. High Point is North Carolina's only city that extends into four counties. High Point’s population

(as of April 1, 2019) is estimated to be 114,183 residents; Greensboro, 294,722; and Winston-Salem,

246,328. More than half the US population is within 650 miles; Interstates 85, 40, 77, 74 and 73 provide

access to major markets all over the country.

The Piedmont Triad offers the vibrant cities for culture and commerce, suburban neighborhoods perfect

for families and a countryside full of southern charm. A lower cost of living makes anything possible.

The region has a workforce of over 835,000 and boasts 16 colleges and universities with more than

115,000 students.

The High Point EDC and the Greensboro Chamber of Commerce work closely together as members of

the Guilford County Economic Development Alliance – a collaborative effort along with Guilford County,

the City of High Point, and the City of Greensboro.

Financial Summary Page

Building Size 111,442 SF

Land Area 9.83 Acres

Year One Rent $278,605

Annual Increases 2.0%

Lease Term 8 Years Commencing at Settlement

Renewal Options 4 – 5 Year Terms

Lease Structure NNN (Landlord retains roof / structure)

Initial Cap Rate 8%

Cash on Cash – Year 1 (25% down, 4% APR, 20 Years)

10.18%

Detailed cash flow analysis available with signed NDA

INDUSTRIAL SALE LEASEBACK | 901 W MARKET CENTER DR HIGH POINT, NC 27260 SVN | Miller Commercial Real Estate | Page 13The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy andcompleteness. All SVN® offices are independently owned and operated.

POPULATION 10 MILES 20 MILES 30 MILES

Total Population 241,106 829,294 1,359,201

Average age 37.7 36.8 37.4

Average age (Male) 36.6 35.6 36.1

Average age (Female) 38.5 37.9 38.6

HOUSEHOLDS & INCOME 10 MILES 20 MILES 30 MILES

Total households 94,500 329,481 541,654

# of persons per HH 2.6 2.5 2.5

Average HH income $59,470 $60,367 $61,082

Average house value $177,713 $185,795 $193,073

* Demographic data derived from 2010 US Census

Demographics Map & Report

John serves as a Senior Advisor for SVN/Miller Commercial Real Estate specializing in the sale and lease of office, in-

dustrial, and retail property on the Eastern shore of Maryland and Delaware. McClellan brings over 32 years of com-

mercial real estate experience and has secured well over 3,000 transactions, resulting in a career brokerage volume in

excess of $400 million. McClellan has successfully brokered retail, office, and industrial properties for sale and lease.

These include a $9.6 million sale of Gateway Crossing, a $2.75 million sale of the Standard Register plant, and $2.2

million industrial lease with Grayling Industries. Past clients and customers include Pepsi Cola, Field Container, Perdue

Farms, UPS, Delmarva Power, Gannett Newspapers, Advance Auto, CVS, 84 Lumber, Chick-Fil-A, The General Services

Administration, and many others. He is past President of the Salisbury Area Chamber of Commerce and presently

serves on the advisory board for M&T Bank. McClellan is a 1984 graduate of Penn State University with a BS in

Accounting. He was co founder and operator of SubRunners (sub delivery) from 1986 - 2003. He holds the prestigious

CCIM and SIOR designations.

John McClellan, CCIM, SIOR Senior Advisor john.mcclellan@svn.com Direct: 410.543.2428 Cell: 410.430.9964

Three years after earning his BS in Mathematics from

Wake Forest University, Tom entered the world of

real estate. He’s one of the founders of Triad Com-

mercial Properties and has continued to hone his

problem-solving skills with his clients for the past 26

years.

A native of Danville, VA, Tom now lives in Greensboro

with his wife and two teenage daughters. When he’s

not working you’ll likely find him fishing, skiing,

hunting in the great outdoors, or traveling abroad

with his family.

Tom Townes, CCIM, SIOR Managing Director tom.townes@cushwake.com Direct: 336.812.3302

Bobby grew up in Atlanta, GA before moving to Winston-

Salem to attend Wake Forest University, graduating in

1993 with a BA in Communications. Bobby’s background

in communications helps him develop strong client

relationships. Market knowledge and putting the client’s

interest first are the foundation of Bobby’s brokerage

career which began in 1999.

Bobby enjoys playing golf, keeping up with Wake Forest

athletics, and spending time with his two daughters.

Bobby Finch Executive Director bobby.finch@cushwake.com Direct: 336.812.3303

INDUSTRIAL SALE LEASEBACK | 901 W MARKET CENTER DR HIGH POINT, NC 27260 SVN | Miller Commercial Real Estate | Page 15The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy andcompleteness. All SVN® offices are independently owned and operated.

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the propertywithin and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied ordisclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or used for any purposewhatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in thisproposal, and no other person is authorized by the Owner to provide any information or to make any representations other thancontained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property,this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy orcompleteness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise orrepresentation as to the future representation of the Property. This Offering Brochure may include certain statements andestimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be noassurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability forrepresentations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written ororal communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on thoserepresentations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreementbetween it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owneror the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy orcompleteness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensivereview and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves theright, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, atits sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shallhave no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Propertyunless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, inOwner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing andagreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should notrely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shallbind the property and each prospective purchaser proceeds at its own risk.

Disclaimer