Investment Overview

15 YEARS REMAINING ON NNN GROUND LEASE WITH ATTRACTIVE INCREASES Sheetz operates in a 6,132-square-foot convenience store with 10 fueling pumps. The property is situated upon a large 2.58-acre signalized corner parcel along Holland Road (US-58) with 32,000 VPD with Staley Drive adding another 1,800 VPD. There are two points of ingress and egress including a full movement access point as well as a RI/RO. Sheetz commenced paying rent in August of 2026 and has 15 years of lease term remaining with increases of 5% in the primary term and 10% in each of its seven, five-year option terms. 11% POPULATION GROWTH FROM 2020-2030 Suffolk is one of the fastest-growing municipalities in Virginia. Benefiting from its strategic location within the Hampton Roads MSA (~1.8M Population), Suffolk continues to experience significant residential, industrial, and commercial development, supporting long-term demand for convenience retail and fuel operations. Since 2020, the population has grown an impressive 7.07%, up to 42,135 people within 5-miles. The same area expects an additional 4.36% population growth by 2030. SIGNIFICANT CONNECTION TO I-95 The subject property is positioned along US-58 which is strategic for a majority of traffic heading south via Interstate 95 from the Hampton Roads area. This road is the only east-west highway connecting the Port of Virginia and Hampton Roads to the Emporia Region and its I-95 Interchange. The route experiences substantial commercial vehicle traffic and serves as a critical logistics link for regional distribution, creating a consistent customer base for fuel, food service, and convenience purchases. An estimated 15,000 trucks commute between I-95 and the Hampton Roads region each day. PRIMARY RETAIL CORRIDOR BETWEEN US-13 AND US-58 The property occupies a prominent position within Suffolk’s primary retail trade area, surrounded by national retailers and daily-needs destinations that drive frequent consumer traffic. Located under one mile from US-13’s interchange with US-58, the corridor serves as a regional shopping hub for Suffolk’s surrounding communities. Within the corridor, Sheetz neighbors a number of national chains including Wawa, McDonald’s, Food Lion, Taco Bell, Hardee’s, and O’Reilly Auto Parts. EXPANDING PRIVATELY HELD C-STORE OPERATOR Sheetz has become one of the fastest growing privately-owned convenience store chains in the world. The company operates over 800 company-owned stores across Pennsylvania, Maryland, West Virginia, Ohio, Virginia, North Carolina, and Michigan. As of early 2026, Sheetz has begun expansion into Michigan with its first few Detroit-area locations, with plans for 50-60 more over the next five to six years. Sheetz ranked No. 43 on Forbes’ 2025 list of America’s Top Private Companies and No. 111 on its 2026 list of America’s Best Companies. The company was also recognized by Forbes as one of “America’s Best Large Employers” (2024), Fortune’s “100 Best Companies to Work For” (2021) and Convenience Store Decisions Group named Sheetz, Inc. the 2017 Convenience Store Chain of the Year, considered the gold standard in convenience retailing.