CARBO Ceramics, Inc.

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LTV (Loan to Value)	0.00%	Current NOI
Interest Rate	0.000%	Cap Rate	0.000%
Fixed Term	15 Years Years	Land Area
Amortization	Years	Lease Type
Loan Amount		Property Type
Payment		Property Lease
Building Size		Remaining Terms

Location Description

Williston is a growing community with a bright future. Williston is a city in and the county seat of Williams County. The 2010 census gave its population as 14,716, and the Census Bureau gave the 2013 estimated population as 20,850, making Williston the sixth largest city in North Dakota. The North Dakota oil boom is largely responsible for the sharp increase in population. North Dakota consistently ranks as the #1 safest state, #10 most livable state, and #9 healthiest state in the nation. Most recently, North Dakota was listed as “The Happiest State” by several outlets, based on a study by the Gallup Healthways Well-being Index. The Property is located near the intersection of Highways 2 and 85, giving the tenant direct access to much of the hub of oilfield activity in the Williston Basin and Bakken formation. The Property is located in the newly built 13 Mile Center, an approximately 80 acre commercial park serving a variety of businesses and oilfield operators. By the end of 2025, the Bakken formation could become the largest domestic producer making this location critical to the ongoing expansion of this largely domestic oilfield servicer's business.

Highlights

Credit Quality – CARBO Ceramics, Inc. is a publicly-traded corporation that generated over $650 million in sales last year yielding it over $55 million in net income; with minimal debt outstanding and a large tangible net worth, the Tenant’s credit provides prospective investors added security given its strong surety of performance of its monetary obligations under this LeaseLong-Term Lease – Fifteen (15) years’ initial lease term with two (2) options to extend the lease for a period of five (5) years eachFavorable Bump Structure – The Lease provides prospective investors the prospect of increasing returns with annual rental increases of two percent (2%) throughout the primary and renewal termsHighly Passive Lease – This absolute NNN lease structure provides for a highly passive, long-term investment with zero landlord responsibilities regarding repair, replacement or maintenance of roof, structure or parkingNew Construction – The Property was constructed within the last yearGrowing Area – Williston is one of the fastest growing regional economies in the United States over the previous several years, largely due to the oil boom occurring as a result of recent discoveries of shale reserves, national security initiatives to seek energy independence from unstable sources, and the success of horizontal drilling and hydraulic fracturingCritical Location – Industry experts predict that oil production in the Bakken could more than quadruple from 2011 levels to more than 2.18 million barrels per day in 2018; North Dakota’s share alone could reach two million barrels per day, making this location for this servicer key as most of the growth in the U.S. market is set to occur hereReturn of Equity – Based upon the contractually required rental payments over just the initial lease term, the prospective investor will return over 1.29 times its initial investment in fixed annual rental payments over that same period

NNN Loans Funding

Triple-Net Lease Financing arranged by NNNLenders. Offering Triple Net NNN Property Loans.