Worthy & Wachtel, Inc. Post Office Box 17843 3803-B Computer Drive, Ste. 100A Tel 919-781-6300 Commercial Real Estate Raleigh, NC 27619 Raleigh, NC 27609 Fax 919-781-9209

134 +/- Acres

OF DEVELOPMENT LAND

FOR SALE BY

WORTHY & WACHTEL, Inc.

Located

On the Northeast Corner of N. C. Highway 751 And U. S. Highway 64,

In New Hope Township, Chatham County, North Carolina

TABLE OF CONTENTS Cover Sheet Page 1 Aerial Photograph Page 2 Property Information Page 3 Area Map Exhibit A Tax Map Exhibit B Topographic Map Exhibit C DISCLAIMER NOTICE The written, graphic, actual, pro forma and projected information contained in this advertising brochure is presented for the express purpose of assisting a prospective buyer or lessee to visualize the Property. Anyone electing to review this brochure with the intent of becoming a buyer or lessee should do so with "let this buyer beware" prudence. All information should be verified through independent investigation. Neither Worthy & Wachtel, Inc. nor any of its partners, employees, brokers or salesmen or its participating brokers and/or salesmen guarantee the contents herein to be correct. Worthy & Wachtel, Inc. and its agents and representatives represent the Seller in this transaction. Further, while Worthy & Wachtel, Inc. will share brokerage commissions with participating brokers, both Seller and Worthy & Wachtel, Inc. expect and understand that all other brokers will represent the Buyer in this transaction. The broker shall conduct all his activities in regard to this agreement without respect to the race, color, religion, sex, national origin, handicap or familial status of any buyer or prospective buyer, seller or prospective seller, tenant or prospective tenant or landlord or prospective landlord.

Worthy & Wachtel, Inc. Post Office Box 17843 3803-B Computer Drive, Ste. 100A Tel 919-781-6300 Commercial Real Estate Raleigh, NC 27619 Raleigh, NC 27609 Fax 919-781-9209

AERIAL PHOTOGRAPH

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Worthy & Wachtel, Inc. Post Office Box 17843 3803-B Computer Drive, Ste. 100A Tel 919-781-6300 Commercial Real Estate Raleigh, NC 27619 Raleigh, NC 27609 Fax 919-781-9209

PROPERTY INFORMATION

Location: On the northeast corner of N. C. Highway 751 and U. S.

Highway 64, in New Hope Township, Chatham County, North Carolina; reference is made to Exhibit A for map showing the location of this property.

Land Area: 134 +/- acres; reference is made to Exhibit B for a tax map

of the property. The purchase price should be based on a per acre price and a new survey of the property.

Topography: Mostly level to slightly rolling with minimal areas

encumbered by wetlands or buffers; reference is made to Exhibit C for a map showing the topography of the property.

Frontage: Excellent frontage (some 850 feet on U. S. Highway 64 and

some 1,120 feet on N. C. Highway 751). Zoning: R – 1 by Chatham County. Based on conversations with

Chatham County and Apex planning officials, it is likely that the subject could be rezoned to a classification which permits a higher density single family residential development. Rezoning to a PUD with some commercial or institutional areas is also possible.

Utilities: Again, based on conversations with Chatham County and

Apex planning officials, it is possible that Apex will allow this property to access Apex public sewer (at significant expense). Public water is also within reach.

Tax References: Parcel Numbers: 17900, 60523, 71694 and 73712

PINs: 0712-56-5530, 0712-57-5776, 0712-55-1996 and 0712-56-6821.

Property Characteristics: Property is mostly wooded and the balance being cleared

land formerly being used for farming. There are dwellings on this property.

Price: $13,400,000 or around $100,000 per acre.

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Exhibit B

Tax Map

Exhibit C

Topographic Map