SVN | HPW COMMERCIAL | 1001 WADE AVENUE, SUITE 111, RALEIGH, NC 27605 SALE BROCHURE

194 ACRES LANDFOR SALE, 3609NC 751 HIGHWAYAND 2582MARTHAS CHAPELRD APEX, NC3609 NC 751APEX, NC 27523

Daniel ChengAdvisor919.877.8839daniel.cheng@svn.com

OFFERING SUMMARY

Sale Price: $5,800,000

Lot Size: 194 Acres

Zoning: R-1

Market:

Price / SF: $0.69

PROPERTY OVERVIEWRare 194 acres land listed at Only $5.8M(less than $30k/acre) in the fastestgrowing Apex, NC. With population and high income jobs booming in Apex, NC,this land will offer the hard to find profitable development chance to investors.Next to million dollar housing communities, three miles away from NC'shottest and safest town - west Cary. Two joint lands for sale together only.Parcel ID#0017850 has 190.26 acres. Parcel ID#0070380 has 4.03 acres.

PROPERTY HIGHLIGHTS

• 5 minutes to Golf course/Jordan Lake, 10 minutes to South Point Mall, 20minutes to RDU Airport/Duke University/UNC/NCSU .

• Just two miles away from Town of Cary's green level special planning area:https://www.townofcary.org/home/showdocument?id=14055, which Caryplans to build a successful mixed used high end community including DukeHospital's 3rd campus.

• City water/city sewer has kept moving west, where Woodhall with citywater/city sewer is just 1.4 miles away from the subject land.

• One potential usage of this land is to develop a mixed used communityincluding a public/private school. East to Jordan lake, many communitiesbelonging to Chatham county have been developed, while no schools exist,thus students have to spend more than one hour on the road. Such planmight take several years to happen, so it is good for buy and holdinvestors.

Property Summary

3609 NC 751, APEX, NC 27523 SVN | HPW Commercial | 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 and

completeness. All SVN® offices are independently owned and operated.

Additional Photos

3609 NC 751, APEX, NC 27523 SVN | HPW Commercial | Page 3The 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 and

completeness. All SVN® offices are independently owned and operated.

Retailer Map

3609 NC 751, APEX, NC 27523 SVN | HPW Commercial | Page 4The 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 and

completeness. All SVN® offices are independently owned and operated.

3609 NC 751, APEX, NC 27523 SVN | HPW Commercial | 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 and

completeness. All SVN® offices are independently owned and operated.

Neighboring Development

POPULATION 1 MILE 3 MILES 5 MILES

Total population 6,938 66,474 156,973

Median age 40.5 34.8 33.2

Median age (Male) 38.0 32.9 31.7

Median age (Female) 43.6 36.6 34.5

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 3,098 29,359 64,537

# of persons per HH 2.2 2.3 2.4

Average HH income $98,457 $73,492 $67,137

Average house value $317,211 $268,818 $277,109

* Demographic data derived from 2010 US Census

Demographics Map

3609 NC 751, APEX, NC 27523 SVN | HPW Commercial | 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 and

completeness. All SVN® offices are independently owned and operated.

Subject Property

3609 NC 751, Apex, NC 27523

$5,800,000

$5,800,000Sale Price: 194 AcresLot Size:

$0.69Price PSF: $29,897Price / AC:

Rare 194 acres land listed at Only $5.8M(less than $30k/acre) in the fastest growing Apex, NC. With population and high income jobs booming in Apex, NC, this land will offer the hard to find profitabledevelopment chance to investors. Next to million dollar housing communities, three miles away from NC's hottest and safest town - west Cary. Two joint lands for sale together only. ParcelID#0017850 has 190.26 acres. Parcel ID#0070380 has 4.03 acres.

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3029 E Cornwallis RdDurham, NC 27202

$7,636,530Sale Price: 104.61 AcresLot Size:

$1.68Price PSF: $73,000Price / AC:

12/14/2018Closed:

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4050 Patriot DrDurham, NC 27703

$3,800,500Sale Price: 101.57 AcresLot Size:

$0.86Price PSF: $37,417Price / AC:

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9233 Purfoy RdFuquay Varina, NC 27526

$5,367,500Sale Price: 213.1 AcresLot Size:

$0.58Price PSF: $25,187Price / AC:

12/01/2017Closed:

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Sale Comps

3609 NC 751, APEX, NC 27523 SVN | HPW Commercial | 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 and

completeness. All SVN® offices are independently owned and operated.

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SUBJECT PROPERTY PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP

3609 NC 751Apex, NC 27523

$5,800,000 - 194 AC $0.69 $29,897 -

SALE COMPS PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP CLOSE

3029 E Cornwallis RdDurham, NC27202

$7,636,530 - 104.61 AC $1.68 $73,000 - 12/14/2018

4050 Patriot DrDurham, NC27703

$3,800,500 - 101.57 AC $0.86 $37,417 - -

9233 Purfoy RdFuquay Varina, NC27526

$5,367,500 - 213.1 AC $0.58 $25,187 - 12/01/2017

PRICE BLDG SF LOT SIZE PRICE/SF PRICE/AC CAP CLOSE

Totals/Averages $5,601,510 - 139.76 AC $0.92 $40,079 -

Sale Comps Summary

3609 NC 751, APEX, NC 27523 SVN | HPW Commercial | 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 and

completeness. All SVN® offices are independently owned and operated.

3609 NC 751, Apex, NC 27523SUBJECT PROPERTY

1Durham, NC27202

3029 E CORNWALLIS RD 2Durham, NC27703

4050 PATRIOT DR

3Fuquay Varina, NC27526

9233 PURFOY RD

Sale Comps Map

3609 NC 751, APEX, NC 27523 SVN | HPW Commercial | 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 and

completeness. All SVN® offices are independently owned and operated.

1001 Wade AvenueSuite 111Raleigh, NC 27605T 919.877.8839C 919.218.7146daniel.cheng@svn.comNC #266401

PROFESSIONAL BACKGROUND

Daniel Cheng specializes in the marketing, disposition and acquisition ofinvestment properties, handling all aspects of buyer and sellerrepresentation. Daniel’s range of experience over the last 10 years in realestate includes income producing properties, value-added properties, assetmanagement for local, national and international investors, and businessacquisition. Prior to joining SVN|HPW Commercial, Daniel worked at KellerWilliams Realty and CHK Realty, helping more than 60 clients closing deals.Moreover, he has worked in an fortune 500 financial company as an financialconsultant, thus could help clients reach best achievement not only byinvestment, but also by tax, asset protection, liquidity, privacy, stability, andflexibility.

Besides his activity in real estate, Daniel has actively volunteered in variouscommunity organizations. He has been serving as the President of NorthCarolina Chinese Business Associations (NCCBA) for 2+ years, in which hehelped in building a strong relationship between Chinese/Chinese-Americanbusiness owners/investors and local business, organizing workshops forbusiness opportunities in a wide range of fields , and also promoting localinvestment opportunities. Under his leadership, NCCBA has bridged thefriendship cities between Knightdale NC and Liaoyuan China. A recentsuccessful event that he organized was NCCBA's 2019 Chinese New YearCelebration at NC Governor's Mansion on 01/29/2019, where NC governor, NCsecretary of State, multiple senators, mayors, and more than 200 successfulentrepreneurs attended. He is also a member of Carolina Chinese Chamberof Commerce (CCCC) and Chinese Christian Mission Church (CCMC). He hasbeen a member of Triangle Real Estate Investor Association (TREIA) since2008.

EDUCATION

Xiamen University, China, BS: Major: Physics, Minor: FinanceDuke University, PhD, Electrical and Computer Engineering

MEMBERSHIPS & AFFILIATIONS

Triangle Commercial Association Realtors (TCAR)Triangle Area Office Building Association (TRAOBA)North Carolina Chinese Business Associations (NCCBA)Carolina Chinese Chamber of Commerce (CCCC)

DANIEL CHENG

Advisor

Advisor Bio & Contact 1

3609 NC 751, APEX, NC 27523 SVN | HPW Commercial | Page 10The 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 and

completeness. All SVN® offices are independently owned and operated.