Connolly Investments, LLC is pleased to exclusively offer for sale a five-property portfolio of net leased convenience stores and fuel stations located in Western North Carolina, just south of Asheville. The Portfolio is 100% leased under a master lease to Cheap Chips, a well-established North Carolina-based ARCO-branded convenience store and fuel operator. The offering combines stable in-place cash flow, predominantly fee simple ownership, and significant embedded upside through substantially below-market in-place rental rates.

The Portfolio consists of four fee simple absolute net leased assets, where ownership includes the land, improvements, and all associated landlord rights under absolute triple-net (NNN) leases. The fifth property consists of a convenience store and fuel station owned by the seller and leased to Cheap Chips; however, the underlying land is controlled through a long-term ground lease with an unrelated third-party landowner. Investors are acquiring the seller's leasehold estate, ownership of the improvements, and all associated landlord rights under the lease with Cheap Chips, while benefiting from the efficiencies and enhanced security of a single master lease across all five locations.

One of the Portfolio's most compelling investment attributes is its significantly below-market in-place rental rates, creating substantial embedded value and multiple avenues for future equity creation. As lease terms mature, investors have the opportunity to increase net operating income through market-rate lease renewals, lease restructurings, or re-tenanting strategies. Combined with continued population growth, tourism, and commercial expansion throughout Western North Carolina, the Portfolio is well-positioned to generate long-term income growth and capital appreciation.

The Portfolio represents a compelling opportunity to acquire a high-quality collection of convenience store and fuel station real estate with durable cash flow, predominantly fee simple ownership, and multiple value creation strategies. The combination of a master lease structure, attractive underlying real estate, substantial mark-to-market rental upside, and long-term operational flexibility positions the Portfolio to appeal to both passive net lease investors and experienced owner-operators seeking future value creation.