NORTH CAROLINA BROKER OF RECORD.... DARREN WOOD .... License No. 9359 Faris Lee Investments proudly presents a premier investment opportunity at 3553-3561 Dr. Martin Luther King Blvd., New Bern, NC. Positioned within a bustling super-regional retail corridor, this trophy asset stands out with its modern construction (built in 2018), exceptional visibility, and commanding tenant lineup. Located directly on Dr. Martin Luther King Jr. Blvd. with ±30,000 vehicles per day (VPD) and surrounded by critical arteries such as S. Glenburnie Rd., Trent Rd., and Hwy. 17, the property draws continuous exposure from a high-income, high-growth trade area, reinforcing its status as a dominant retail hub in the region. Spanning 166,834 square feet, the property boasts a powerhouse roster of 6 national credit tenants, including Ross Dress for Less, Academy Sports + Outdoors, Hobby Lobby, ULTA Beauty, Five Below, and West Marine, all secured under long-term NNN leases. The weighted average lease term (WALT) is approximately 6.5 years (excluding options), ensuring stable, long-term income. Each lease features embedded rent escalations and multiple five-year options, providing strong inflation protection and future upside. Co-tenancy with a newly constructed 99,839 SF Harris Teeter and HomeGoods further elevates foot traffic and consumer draw, positioning the center as a premier retail destination serving a 30-mile trade area with no direct competition for its anchors. The investment is further strengthened by a favorable loan assumption offering 10 years of interest-only payments at an attractive 4.992% interest rate. With a projected 7.29% cash-on-cash return, investors can expect superior yield and strong financial performance. Each tenant brings significant brand strength and national backing: Ross with 1,847 locations and $21.256B in revenue (BBB+ rated); Academy Sports with 301 stores; Hobby Lobby with $8.0B in annual revenue; ULTA posting $2.848B in Q1 2025 sales; Five Below with Q1 2025 revenue of $970.5M; and West Marine serving 247 stores nationwide. These tenants ensure consistent income backed by nationally recognized, financially robust operators. This investment opportunity represents a rare chance to acquire a fully stabilized, 100% leased retail center in one of Eastern North Carolina’s most affluent and growing markets. With high household income at $96,343 within a 5-mile radius, low cost of living, and a trade population of over 119,253 people within 20 miles, the asset is ideally positioned for sustained consumer demand. All tenants operate under true NNN lease structures, minimizing landlord responsibilities and delivering passive income. Coupled with modern construction, excellent co-tenancy, and regional dominance, this opportunity offers investors strong in-place yield, durable cash flow, and long-term value creation in a thriving retail landscape.