Investment Overview

- Helena Marketplace is a 100% leased, 59,756 SF Walmart Neighborhood Market anchored center located in Helena, AL, which is approximately 20 miles south of downtown Birmingham - Walmart Market is approximately 80% of the total GLA and has been a tenant since 2013- Walmart is currently paying a conservative, below market rent of $6.90/SF - Walmart is expected to allocate approximately $4 million dollars for store renovation by year-end - Per Placer.ai, this Walmart has approximately 1.2M visitors and ranks in the 67th percentile in the U.S. (219/681) and 64th percentile in Alabama (11/28) - Walmart Inc. (NYSE: WMT) reported revenue of $648 Billion, net income of $15 Billion, and a net worth of $83 Billion as of January 31, 2024- over 10,600 locations in over 19 countries - Strong tenant mix of retail and medical users such as Southern Immediate Urgent Care, Great Clips, All Original Pizza, and Infinity Nails- average rent/SF on shop tenants is under $22/SF - Strong retail trade area- in the immediate area includes Publix, O’Reilly Auto Parts, McDonald’s (outparcel to Helena Marketplace), Walgreens, Dollar Tree, Taco Bell, Zaxby’s, and a newly developed Chick-fil-A, Freddy’s, AT&T, and Dunkin’ Donuts - Strong demographic area- AHI in the 1-mile radius is over $94,000 and over $101,000 within 5 miles- nearly 80,000 residents within 5 miles with an expected growth rate of 5% over the next 5 years - Helena ranks as one of the lowest crime rate cities per population in the U.S. and Business Week named Helena the 13th “Best Place to Raise Your Kids” - The Birmingham MSA currently has a population of approximately 1.2 million residents with a projected growth rate of over 2.0% the next 5 years - Diverse employment market- Birmingham has a strong manufacturing and steel industry in addition to a strong financial sector and health care- The University of Alabama at Birmingham is a leader in biotechnology and medical research - Mercedes, Honda, and Hyundai all have production plants in the Birmingham MSA - Large lot size of approximately 6.85 acres - Conservative price/SF of $129/SF