GREATER CHARLOTTE, NC LOGISTICS HUB – Positioned ±1 hour from Charlotte, the Carolinas’ largest metro and one of the nation’s fastest growing logistics markets. Charlotte is anchored by a 2.8M+ population, major interstates (I-85, I-77, I-40), and Charlotte Douglas International Airport - the 7th-busiest cargo hub in the U.S. Forest City offers Frito Lay strategic access to this ecosystem with lower costs and less congestion than the metro core. STRATEGIC INDUSTRIAL CORRIDOR LOCATION – Situated along U.S. Highway 74 near I-85, the property lies in the Charlotte–Spartanburg– Asheville industrial triangle, enabling same-day reach to multiple high-growth markets. Interstate-85 (I-85), the Southeast’s most critical freight corridor, connects the site to Atlanta, Charlotte, and the entire Eastern Seaboard, making Forest City an efficient low-cost distribution node. FRITO-LAY / PEPSICO – Frito-Lay, a division of PepsiCo, Inc., continues to lead the national snack industry with renowned brands such as Lay’s, Doritos, Fritos, Cheetos, Tostitos, Sun Chips, and Ruffles. In 2024, Frito-Lay North America (FLNA) reported net revenue of $24.75 billion, accounting for approximately 27% of PepsiCo’s total net revenue of $91.85 billion. PepsiCo’s operating profit for 2024 was $12.89 billion, with FLNA contributing $6.32 billion, representing approximately 49% of the total operating profit. PepsiCo maintains a strong credit rating, with S&P Global Ratings assigning an A+ rating and Moody’s Investors Service affirming an A1 rating with a stable outlook. Established in 1898, PepsiCo was formed through the merger of Frito-Lay and Pepsi-Cola in 1965. BRAND-NEW CONSTRUCTION / FUNCTIONAL INDUSTRIAL – This new distribution warehouse serves as a Product Exchange Center for Frito-Lay/ PepsiCo as a ±7,653 square foot building on ±2.64 acres of land (6.65% Building/Lot Coverage). Featuring 8 dock high doors and abundant yard space for truck loading and parking – this property is a highly functional building while also maintaining the ability to further expand the facility with additional square footage in the future. LONG TERM INDUSTRIAL NNN LEASE / ANNUAL RENT INCREASES – Frito-Lay signed a 10-year Industrial NNN lease that commenced in November 2023 featuring ±2.00% annual rent increases allowing a strong hedge against inflation.