1051 MILITARY CUTOFF ROAD | STE. 200 | WILMINGTON, NC 28405

p. 910.344.1000 | f. 910.344.1020 | capefearcommercial.com

AARON’S RENTAL PORTFOLIO INDIVIDUAL OR BULK PORTFOLIO SALE(S) | NORTH CAROLINA INVESTMENT OFFERING

Patrick Riley

p. 910.344.1018 | m. 910.264.2153 patrick@capefearcommercial.com

V I C E P R E S I D E N T

CONTACTS

DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Cape Fear Commercial and should not be made available to any other person or entity without the written consent of Cape Fear Commercial. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Cape Fear Commercial has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or the business prospects of any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Cape Fear Commercial has not verified, and will not verify, any of the information contained herein, nor has Cape Fear Commercial conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the Information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

Paul Loukas

p. 910.344.1008 | m. 910.540.5045 paul@capefearcommercial.com

B R O K E R - I N - C H A R G E

INVESTMENT SUMMARY Cape Fear Commercial is pleased to present a portfolio of three, single-tenant, net investments for sale, which can be purchased individually or as a single portfolio. The properties are leased to a single, franchisee operator of Aaron’s, a lease-to-own retailer, that will execute new 10 year, triple-net lease that will commence at closing. The stores are located in Newport, Albemarle, and Rockingham, North Carolina, and have been in business (opened by the current franchisee) since September 2010, October 2012, and December 2004, respectively. INVESTMENT HIGHLIGHTS Single tenant investment True, triple-net lease Brand new 120 month terms Proven operator and core markets All stores grossed over $1 million (2018)

MARKETS: Newport, Albemarle, and Rockingham, NC

INVESEMTN TYPE: Net Leased Investment

PROPERTY TYPE: Single Tenant Retail

PROPERTY SIZE: ± 25k Total SF - see Page 5 for individual property details

TENANT: Tworog Holding, LLC (a North Carolina LLC), am operator and franchisee of Aaron’s

LEASE TYPES: NNN Lease

TERM 120 months, commencing at Closing

NOI: $292,400.04 - see Page 5 for the NOIs of each individual property

PRICE: $4,130,595 - see Page 5 for individual property pricing

CAP RATE: 7.08%

SELLER: VIRGILINA PARTNERS II, LLC; RTG INVESTMENTS, LLC; and BROAD AVE REAL ESTATE, LLC

LEASE DETAILS At Closing, Tenant will execute individual leases for each property under the be-low terms:

TENANT: Tworog Holding, LLC (a North Carolina LLC)

LEASE TYPE: Triple net lease w/ no Landlord responsibilities

TERM: 120 months

OPTION PERIODS: Two, 5-year renewal options

RENT: NNN Lease

ESCALATIONS: 5.00% every five (5) years continuing through the Option Period(s), if exercised

PROPERTY TAXES: Paid by Tenant

PROPERTY INSURANCE: Paid by Tenant

REPAIRS & MAINTENANCE: Paid by Tenant

INSURANCE: Paid by Tenant

GUARANTY: Tworog Holding, LLC

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PROPERTY DETAILS

AARON’S NEWPORT

AARON’S ALBEMARLE

AARON’S ROCKINGHAM

SELLER: VIRGILINA PARTNERS II, LLC RTG INVESTMENTS, LLC BROAD AVE REAL ESTATE, LLC

ADDRESS: 7105 U.S. Highway 70 East

Newport, NC 28570 722 NC 24-27 Bypass East

Albemarle, NC 28001 613 East Broad Avenue Rockingham, NC 28379

COUNTY: Carteret County Stanly County Richmond County

PARCEL ID: 6338-11-66-9086000 6558-03-12-0358 7473-17-10-0858

ACREAGE: ± 0.67 Acres ± 0.76 Acres ± 0.5 Ares

ZONING: CH - “Commercial Highway”

Town of Newport GHBD - “General Highway Business District”

City of Albemarle B-3 -”Highway Business”

City of Rockingham

BUILDING SF: ± 8,000 SF ± 7,000 SF ± 10,000 SF

YEAR BUILT: 2010 1997 1990

NOI: $103,400 $94,500 $94,500

Portfolio NOI: $292,400

$1,477,145 7.00% cap

$1,350,000 7.00% cap

$1,303,450 7.25% cap

Portfolio Price: $4,130,595 7.08% cap

PRICE / CAP RATE:

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LOCATION MAP

STORES

1 Aaron’s — Newport

7105 U.S. Highway 70 East Newport, NC 28570

2 Aaron’s — Albemarle 722 NC 24-27 Bypass East Albemarle, NC 28001

3 Aaron’s — Rockingham 613 East Broad Avenue Rockingham, NC 28379

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AARON’S —NEWPORT 1

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AARON’S —NEWPORT

GIS AERIAL

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AARON’S —NEWPORT

PHOTOS

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AARON’S —ALBEMARLE 2

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AARON’S —ALBEMARLE

GIS AERIAL

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AARON’S —ALBEMARLE

PHOTOS

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AARON’S —ROCKINGHAM 3

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AARON’S —ROCKINGHAM

GIS AERIAL

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AARON’S —ROCKINGHAM

PHOTOS

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AAR0N’S — COMPANY OVERVIEW

Aaron's is the industry leader in offering affordable payment plans, quality merchandise and superior service.

MISSION

Aaron’s, Inc. is a lease-to-own retailer. The company focuses on lease-ownership and the special retailing of furniture, consumer electronics, appliances, computers and more.

Founded in 1955 by entrepreneur R. Charles Loudermilk, the company originally operated under the name Aaron Rents, Inc. Loudermilk and a partner borrowed $500 to purchase three hundred chairs and began renting them out for 10 cents per day to auction houses. Under Loudermilk’s leadership, Aaron’s grew into a publicly traded company on the New York Stock Exchange (AAN and AANA).

In 2014, Aaron's completed the acquisition of Progressive Finance, increasing its market share in both the traditional rent-to-own (RTO) industry and the emerging virtual rent-to-own (RTO) space. The acquisition supports Aaron’s strategy to address credit-challenged customers' changing needs for acquiring home furniture, electronics and appliances as the consumer population leans more toward a multi-channel acquisition of goods and services.

Today, there are more than 2,000 company operated and franchised stores in operation throughout the United States and Canada.

For more information, visit: www.aarons.com

Cape Fear Commercial is a boutique commercial real estate firm based in Wilmington, North Carolina. We specialize in providing targeted brokerage, property & facilities management, and development services.

For over 15 years, our team of elite agents has helped owners, users, developers and investors to successfully navigate the real estate market. We are consistently recognized as an industry leader for the unique perspective we bring to every project.

1051 MILITARY CUTOFF ROAD | STE. 200 | WILMINGTON, NC 28405 p. 910.344.1000 | f. 910.344.1020

capefearcommercial.com