Residential Development Opportunity in the Wilmington, NC Metropolitan Area. Located in the state s fastest-growing County, Brunswick.

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1 Residential Development Opportunity in the Wilmington, NC Metropolitan Area. Located in the state s fastest-growing County, Brunswick. PHYSICAL CHARACTERISTICS FOR Lakeside Development Acreage (1793 Mt. Misery Rd NE) Leland, NC Description of the property: This /- acre tract of land is located approximately one mile from the Mt. Misery Road exit in Leland NC. The Tract contains a beautiful lake and pond area. The zoning of R allows for up to a potential of 299 apartment units or 118 single family units on a estimated 20 +/- buildable acres. The site abuts the Leland Shopping Center which is anchored by Food Lion with a easement to the Food Lion center with various other restaurants and retailers, it provides a local amenity in walking distance. This is a perfect tract of land for a starter home community. Size, Shape, Dimension: This tract of land is approximately /-acres, with an estimated 20 +/- buildable acres. With the dimensions of the property stretching approximately 1760+/- feet opposite side of the Food Lion center and 815+/- feet of the tract touching the Food Lion Center. The property can be accessed through a easement off of Mt. Misery Rd, with the potential of installing a 2 nd easement at the Food Lion Shopping Center. Topography: Land is mostly flat with a slight elevated grade towards center of property. Making the property effective at draining rainwater runoff. Property has light vegetation, including a mixture of both hard and soft wood trees.

2 Soils: The property is comprised of a combination of soil types including: Ly - Lynchburg fine sandy loam, Mk - Muckalee loam, NoB - Norfolk loamy fine sand (2 to 6 percent slopes). The majority of these soils are already well suited to handle both residential and recreational use. However, some of the other soil types will require a well planned and constructed drainage system to reduce the wetness (Drainage systems commonly include open ditches, tile, and land grading and crowning to eliminate depressions that pond). Flood Hazard: This tract of land is unaffected by the Flood Plain, as can be seen in the flood Hazard Map provided by the Brunswick County GIS.

3 Zoning: The R-6000 residential district is established to provide for orderly suburban residential development. A limited number of commercial and civic uses are allowed, subject to the restrictions necessary to preserve and protect the residential character of the neighborhood. A special permit process for higher intensity development is also allowed, using discretion to balance issues of higher density with improved amenities. Due to the higher intensity developments contained in this district, it is intended to be applied to properties served by public sewer and water systems. Utilities: To the right there is an attached copy of the Brunswick Regional H2GO Water and Sewer map for Reed Road & Mt. Misery Rd. (the closest water & sewer lines). The water and sewer lines are both 8-inch mains and are nearby both with capacity to accommodate the development of a subdivision.

4 Location Description: This property is walking distance from a number of retail stores including a shopping center anchored by Food Lion grocery, along with a number of others including Hwy 55 Burgers Shakes & Fries, Family Pizza & Subs, Jade Garden, Dollar General, Monkey Junction Self Storage nearby. This property is also close in proximity to Lincoln Elementary & North Brunswick High School, Leland Community Park, Highway 74 access, and the I-140 bypass. Conveniently located less than ten minutes from a number of attractions like Down Town Wilmington, Waterford s retail hub, Magnolia Greens Golf Course, and Compass Pointe Golf Country Club. County Description: Brunswick County is the southernmost county in the U.S. state of North Carolina. As of the 2010 census, the population was 107,143. As its population was only 73,143 in 2000, that makes it one of the fastest growing counties in the state, at a growth rate of about 47% in ten years, with much of the growth centered in the eastern section of the county. Much of the economy of the county is built around tourism, with beach communities lying along the south-facing Holden Beach being a popular destination. Single-Family Home Sales: Brunswick county 2017 sales level rises to a new high of 4,647, one of the best years ever! A 21% increase over its level one-year ago. Demand in the county continues strong in the first quarter of 2018, which is 15% higher as of the March 2018 year to date (YTD) over same period last year. 1 Average Sales Price: In 2017 the Brunswick county average home sales price increased $18,366 to $262,732, a increase of 7.5% over the 2016 home price of $244,366. It is currently $19,346 below its 2007 peak price of $282,078. It is $9,013 above the NC State average home price and $26,483 below the national average home price for Months of Supply Single-Family Homes: Brunswick county hit a high in 2007 with a 28 months supply. In 2017 the supply dropped to a 6.1 months supply. This trend suggests a balanced real estate market. 1 Residential Lots: Brunswick county had 1316 lot sales in 2017 which was 8.9% over the past year level of It is currently 61% below its 2005 peak level of 3,451. The average sales price was $78,150 in 2017, 1.4% less than 2016 sales price of $79,269. It is currently $67,252 less than its 2008 peak of $145, Residential Building Permits: A total of 2491 permits were issued in Brunswick county in 2017; this is up 25% from It represents 51% of the Wilmington area total permits, down from 53% in When you look at the municipal jurisdictions in the county, the bulk of these 536 was issued in Leland in northern Brunswick county. The highest number of permits issued (271) for the entire county and all the reporting jurisdictions was in July. 1 New Home Average Sales Price: In 2017 the Brunswick county average new home sales price increased $14,862 to $269,796 over the 2016 new home price of $254,934, an increase of 6.3%. it is currently $22,921 above its 2007 peak price if $246,848 and $10,568 or 3% above the 2017 average existing home sales price of $262,732. 1

5 In Summary: This /- acre tract of land is located just off the Mt. Misery Road exit in Leland NC. The Tract contains a beautiful lake and pond area for amenities and water front lots. The zoning of R-6000 allows for up to a potential of 299 apartment units or 118 single family units on a estimated 20 Usable acres. The property is comprised of a combination of soil types including: Ly - Lynchburg fine sandy loam, Mk - Muckalee loam, NoB - Norfolk loamy fine sand (2 to 6 percent slopes). Land is mostly flat with a slight elevated grade towards center of property. Making the property effective at draining rainwater runoff. This tract of land is unaffected by the Flood Plain, as can be seen in the flood Hazard Map provided by the Brunswick County GIS and FEMA maps The Brunswick Regional H2GO Water and Sewer map for Reed Road & Mt. Misery Rd. (the closest water & sewer lines) and H2GO Water and Sewer Engineers and Officials both agree that the water and sewer lines both have the capacity to accommodate the development of a subdivision. This property is walking distance from a number of retail stores including a shopping center anchored by Food Lion grocery, along with a number of others including Hwy 55 Burgers Shakes & Fries, Family Pizza & Subs, Jade masturbation math equation Garden, Dollar General, Monkey Junction Self Storage. This property is also close in proximity to Lincoln Elementary and North Brunswick High School, Leland Community Park, Highway 74 access, and the I-140 bypass. 10 minute drive to Wilmington, NC. This property is conveniently located less than ten minutes from a number of attractions like Down Town Wilmington, Waterford s retail, Magnolia Greens Golf Course, and Compass Pointe Golf Club. Single-Family Home Sales: Brunswick county 2017 sales level rises to a new high of 4,647, BEST YEAR EVER! A 21% increase over its level one-year ago. Demand in the county continues strong in the first quarter of 2018, which is 15% higher as of the March 2018 year to date (YTD) over same period last year. 1 Average Sales Price: In 2017 the Brunswick county average home sales price increased $18,366 to $262,732, a increase of 7.5% over the 2016 home price of $244,366. It is currently $19,346 below its 2007 peak price of $282,078. It is $9,013 above the NC State average home price and $26,483 below the national average home price for Months of Supply Single-Family Homes: Brunswick county hit a high in 2007 with a 28 months supply. In 2017 the supply dropped to a 6.1 months supply. This trend suggests a balanced real estate market. 1 Residential Lots: Brunswick county had 1316 lot sales in 2017 which was 8.9% over the past year level of It is currently 61% below its 2005 peak level of 3,451. The average sales price was $78,150 in 2017, 1.4% less than 2016 sales price of $79,269. It is currently $67,252 less than its 2008 peak of $145, Residential Building Permits: A total of 2491 permits were issued in Brunswick county in 2017; this is up 25% from It represents 51% of the Wilmington area total permits, down from 53% in When you look at the municipal jurisdictions in the county, the bulk of these 536 was issued in Leland in northern Brunswick county. The highest number of permits issued (271) for the entire county and all the reporting jurisdictions was in July. 1 New Home Average Sales Price: In 2017 the Brunswick county average new home sales price increased $14,862 to $269,796 over the 2016 new home price of $254,934, an increase of 6.3%. it is currently $22,921 above its 2007 peak price if $246,848 and $10,568 or 3% above the 2017 average existing home sales price of $262,732. 1

6 Contact Information: Barry Padgett Broker Mobile: Office : Barry@eccrenc.com Nick Silivanch Broker, President Mobile: (910) Office: (910) Nick@eccrenc.com