Investment Overview

CROSSROADS PLAZA • The subject property is a 184,721 square foot retail center featuring a Grocery (Kroger Credit) Anchor and located less than an hour from Chicago • Weighted Average Lease Term: 4.12 years • Average Lease Term of Anchors (54% of GLA): 5.33 Years • National Brands: Kroger, Family Dollar, Subway, Papa Johns, Rent-A-Center • Seasoned tenant lineup with recent leasing momentum showing an upward trajectory of performance • Modest rents offer future upside ATTRACTIVE RETURN METRICS • Property is offered at a double-digit cap rate of 10% • Buyers can anticipate a Cash on Cash Return of 15% with market financing terms • Priced below replacement cost: $38.11 HIGH TRAFFIC LOCATION • The subject property is 20 Acres and positioned near two major interchanges, I-65 & I-80/I-94 • I-65 sees 107,615 vehicles per day • I-80/I-94 sees 178,344 vehicles per day • These interchanges are major corridors for commuting to and from Chicagoland • High Density Location | More Than 123,000 Population in 5-Mile Radius STRONG ANCHOR TENANTS • The center is anchored by 3 high performing tenants with an average 5 years lease term remaining • Ruler Foods (Guaranteed by Kroger), is one of the top-performing grocery stores in Merrillville and faces limited competition with only one other grocer within a 3-mile radius • The Kroger Co. is the largest supermarket chain by revenue, the second-largest general retailer, and the seventeenth largest company in the United States with over 2,765 locations accumulating $137.9B in revenue during fiscal year 2020 and ranking #24 on the Fortune 500’s largest United States Corporations • Treasure Hunt Deals is a new anchor tenant who opened 3/8 • Tenant has 7 other locations in the region (Inquire with listing broker regarding sales performance) • Trader Bucks Flea Market is a regional discount flea market chain with 7 total locations SEASONED TENANT LINEUP | LEASING MOMENTUM • The property has a great mix of seasoned tenants bringing in established patrons with new leases executed and bringing new energy to the center • In the last two years, the seller has executed 11 new leases/renewals • The average tenant tenure of existing tenants is 18 years, with many tenants (like Rent-A- Center) being here for nearly 30 years