100% leased, single tenant, triple net office/warehouse building. The property is located at 310 Greenfield Drive in Newport/Morehead City, North Carolina. The property has a Newport address but is in the jurisdiction of Morehead City in the Crystal Coast Business Park. If you research businesses in the Park, many will indicate Morehead City as their location even though “technically” the mailing address is Newport. The building is an approximately 15,555 square foot warehouse/office building located on approximately 1.99 acres. The building has approximately 7,102 square feet of conditioned office space and approximately 8,453 square feet of warehouse space. Features of the property include: 1. Standing seam metal roof 2. Geothermal serving the majority of the conditioned office space 3. Electric solar panels 4. 3-Phase power 5. 3-14’X14’ roll-up/drive-in doors 6. 5-12’X12’ roll-up/drive-in doors The high points of the Lease with Coastal Home Air Conditioning, Heating & Plumbing, LLC are as follows: Tenants Occupancy: May 1, 2025 Lease Commencement Date: September 1, 2025 Lease Expiration Date: August 31, 2030 Renewal Options: 1, 5-year Renewal Option with 240 days written notice. First Year Estimated NOI: $174,000 Annual Escalations: 3% Tenant Responsibilities: In addition to TICAM, Tenant is responsible for up to $2,000 per unit per calendar year for HVAC repairs, up to $2,000 per calendar year for electrical repairs, and up to $2,000 per year for plumbing repairs. Tenant is also responsible for maintaining a HVAC maintenance contract with a minimum of semi-annual servicing. Lease Guaranty: There is a Lease Guaranty in place with one of the parent companies.