M A N U F A C T U R I N G H E A D Q U A R T E R S1 0 - Y E A R A B S O L U T E N E T L E A S E S T R U C T U R E

511 HOFFMAN, LINCOLNTON NC

S A L E / L E A S E B A C K I N V E S T E M E N T O F F E R I N G : C H A R L O T T E M S A

Investment & Property SummaryThe Sale/Leaseback opportunity consists of an absolute Net lease structure for a term of 10 years within an approximately +/-122,200 SF manufacturing facility situated on +/-85 acres in Lincolnton, North Carolina, 30 miles outside of Charlotte. The facility is the mission-critical manufacturing headquarters of UCS, a 55-year-old family-operated sporting equipment manufacturer.

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L E A S E T E R M 10-year lease term, absolute net lease structure

R E N T A L R A T E $2.75 SF

A N N U A L I N C R E A S E

±2.0%

Y E A R 1 N O I $336,050

S U M M A R Y UCS has occupied the property since 2004

Priced below appraisal and replacement value

I N V E S T M E N T S U M M A R Y

P R O P E R T Y S U M M A R Y

G R O S S B U I L D I N G A R E A

+/- 122,200 SF

Situated on approximately 85.5 AC, allowing for expansion or development opportunities

Constructed in 1970, extensive renovations by UCS in 2004

W A R E H O U S E S F +/- 113,668 SF

O F F I C E S F +/- 8,532

D O C K - H I G H D O O R S 13

D R I V E - I N D O O R S 2

C L E A R H E I G H T R A N G E 22-31'

E X T E R I O R W A L L S Combination of brick, masonry, and metal

F O U N D A T I O N W A L L S Reinforced concrete

R O O F Standing seam metal and ballasted (repairs needed)

W A T E R S O U R C E Well on property

Wet Sprinkler System throughout

S E W E R Septic Field

E L E C T R I C Heavy power provided by Duke Energy

Tenant SummaryUnited Canvas and Sling, Inc (UCS) is a leading manufacturer of high quality “Made in America” sporting equipment for teams, organizations, facilities, and competitive sporting events throughout the world including The Olympic games. UCS is a family operated business dating back to 1967 with a focus on engineering and manufacturing high performance sporting equipment for some of the most prominent professional and collegiate teams, government agencies, competition events and recreational facilities throughout the world. All products are engineered, manufactured, and distributed out of the subject property.

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T R A C K & F I E L D :

Pole Vault Landing Areas, Standards, Base Pads, Box Collars, Platforms & Accessories | High Jump Landing Areas, Standards Base Pads, Platforms & Accessories | Hurdles, Hurdle Carts, Steeple Chase/Water Jump | Running Equipment including Caddies, Starting Blocks and Batons | Throws & Cages: Discus Cages, Shot Put Cage, Hammer/Discus Cage, Throwing Rings & Concentric Circles, Indoor Throwing Events Cage | Long Jump & Triple Jump | Carts, Dollies & Caddies | Measuring Devices & Indicators | Meet Accessories

S T R E N G T H & S P E E D :

Racks & Platforms: X-Series Rack Systems, Platforms, Dumbbell Racks | UCS Signature Equipment: Glute Ham Machine, Squat Trainer, Lat-Pull Down Tower, Low-Row Tower, Olympic Flat Bench, Olympic Incline Bench, Adjustable Prone Row Bench, Olympic Military Press, Medicine Ball Bench | Benches: Adjustable Incline Dumbbell Bench, Multi-Function Bench, Medicine Ball Bench | Plyo-SafeTM: Plyo-Safe Elite Plyo-Boxes, Plyo-Safe G2 Plyo-Box Sets, Plyo-Safe Mats, Plyo-Safe Foam Hurdle, Deluxe Folding Mats, Fat Pads | Strength & Speed Accessories | Weight Storage

G Y M N A S T I C S A N D S O F T P L A Y :

UCS Signature Gym Mats, System Universal Mats, Rapid Fold Mats, Tumbling Mats, Fat Pads, Balance Beams, Training Aids. Competition Landing Mats, Spot Trainers, Original UCS Gymnastics Products: Handspring and Tear Drop Trainer, Skill Roller, Tapered Balance Beam. Shapes and Slides, Spotting Blocks, Incline Mats and Wedges, Donuts, Plugs and Barrels, Modular Soft Play Equipment, Barrel Play, Donuts, Skill Development. Ninjarama Equipment. Little Athletes Modular Play Systems. Gymnastics, Cheer, Physical Education, Plyomentary Boxes, Tower Blocks

A T H L E T I C F A C I L I T I E S

Football, Soccer, Field Hockey, and Lacrosse Goalposts and Goals with Ground Sleeves, Track Curbing, Gates and Runway Systems, Equipment Carts, Communication Boxes, Countdown Timers, Indoor/Outdoor Protective Padding, Pole Vault Boxes & Covers, Ball Stopping Systems, Rock Climbing and Bouldering, Digital Printing and Signage, Stadium Graphics

T E A M S E A T I N G & B L E A C H E R S :

Closed Deck Modular Bleachers, Tilt’n Roll Bleachers, Team Benches and Custom Graphic Team Benches. All Sport Seating Shelters, Track and Field Seating Shelter, Soccer Sheeting Shelters

Company Overview and Select Product Portfolio

High SchoolsProfessional Teams

Distributors Contractors& Other

Performance Centers

Partial UCS Customer Overview

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Colleges/Universities

Government Agencies

UCS Custom Manufactured Products

The Asset

85I N T E R S TAT E

485I N T E R S TAT E

40I N T E R S TAT E40

I N T E R S TAT E

321

511 HOFFMAN RD

GASTONIAGASTONIA

CHARLOTTECHARLOTTE

HUNTERSVILLEHUNTERSVILLE

LINCOLNTONLINCOLNTON

HICKORYHICKORY

11 MI TO I -8525 MI TO I -4029 MI TO THE AIRPORT30 MI TO CHARLOTTE

Location

CHARLOTTE DOUGLAS AIRPORT

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WOOD STORAGE

5 DOCK HIGH DOORS

6 DOCK HIGH DOORS

DRIVE-IN DOOR

WOOD SHOP

FACILITY SITEPLAN

OFFICE

PRODUCTION & STORAGE

SEWING/ASSEMBLY AREA

MANUFACTURING

MANUFACTURING

STORAGE

2 DOCK HIGH DOORS

Facility Plan5 1 1 H O F F M A NL I N C O L N T O N , N C

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The fifteen-county region making up the Charlotte metro area, which includes 11 in North Carolina and four in South Carolina, is home to more than 1,000 foreign-owned firms, nine Fortune 500 company headquarters, and a growing population of more than 2.9 million residents. As businesses, people, and investors flock to the Charlotte area for its business-friendly climate and high quality of life, Charlotte continues to distinguish itself as one of the most prestigious metropolitan areas in the country.

Over the past 20 years, few regions in the U.S. have experienced the level of growth of Charlotte and the surrounding area. Once a bustling textile and agricultural center, Charlotte successfully transformed itself into a financial services hub, with Bank of America, Wells Fargo, Truist, Fifth Third Bank, Ally Bank, and U.S. Bank all having significant operations throughout the Charlotte area. Over the last two decades the area has also become recognized as a global hub for energy, healthcare, technology, and transportation.

Recent census data indicates the city’s population has grown at an unprecedented 20% over the past decade. Population projections through 2035 have the Charlotte region growing to 3.7 million people, while the MSA and the City of Charlotte are expected to reach 3.5 million and 1.2 million, respectively. Supporting this trend, the City of Charlotte added more than 15,000 people in 2017, or 40+ people per day, becoming the third-fastest-growing big city in the country according to the U.S. Census Bureau. Currently, over 97 people are reported to move to the Charlotte MSA every day.

This unprecedented growth is the result of the confluence of Charlotte’s unmatched quality of life, established and progressive transportation infrastructure, and pro-business climate. Charlotte moved up to no. 6 on U.S. News and World Report’s “Best Places to Live” list for 2020, up 14 spots from 2019. The report cites the area’s “desirability and housing affordability” as major contributors.

Rapid expansion has also created a lively culture that features a young, professional workforce that enjoys one of the nation’s most vibrant arts, sports, and entertainment scenes. Look no further than the millennial migration the area has experienced, placing Charlotte as the top millennial destination city in the U.S., according to the U.S. Census Bureau. The economy’s growth has been apparent in all industries, as no single industrial sector accounts for more than 12% of employment in Mecklenburg County.

The Charlotte region continues to strengthen its position as one of the most resilient, dynamic, and diversified areas in North America.

Population: 2.9 million

US Census

15th-largest U.S. city

US Census

2nd largest financial center

in the US US Census

6th-busiest airport in the world

ACI, 2017

2nd lowest unionization rates

in the country behind SC

15 counties spanning

North Carolina and South Carolina

In the top 5% fastest-growing metro regions in the US since 2000

US Census

Cost of living index is 98.2% of the US

average and among the lowest in the South

C H A R L O T T E A T A G L A N C E

The Charlotte Economy

W I L L I A M M A X W E L L

wmm@trinity-par tners .com

70 4 -295 - 0 459

CONTACT

C O N F I D E N T I A L O F F E R I N G M E M O R A N D U M