| 75% Occupied Shopping Center Priced at $43/SF – Far Below Replacement Cost |
| Stabilized CAP of 14% at Conservative Lease Up Assumptions of Vacant Spaces |
| Includes 7 Total Acres - 1.345 Acres (58,568 SF) is Available for Future Development |
| Average Rent in Place of $5.52/SF Far Below Market Rents |
| Multiple Paths to Upside - 11,444 SF Vacancy (25.14% GLA) Across 4 Suites + Vacant Land Development + Taking Rent to Market + Converting Gross Leases |
| Only One Tenant on a NNN Lease Currently – Current Recapture Rate of 12% |
