Investment Overview

KROGER SHADOW CENTER • The subject property is a 14,700 square foot retail center located in an affluent & growing suburb of Memphis • Shadow Anchored to a high performing Kroger • Unique mix of service oriented local tenants • High Traffic Retail Corridor TOP PERFORMING KROGER ANCHOR • Property is shadow anchored by a Kroger that sees 1.8m visits a year • This is a top 5% most visited location in the country, and is the #3 most visited Kroger in all of Mississippi (29 locations) • #2 most visited location in a 50-mile radius • Top grocery store in the market HIGH TRAFFIC CORRIDOR IN GROWING SUBURB • Property is positioned at the heart of Hernando, MS • Hernando is an affluent and rapidly growing suburb of Memphis • 5-Mile HHI: $90,000 • 5-Mile Growth: 8.74% • Positioned just off I-55 (55,000 VPD), the major highway system leading to Memphis • Facing E Commerce Street (23,000 VPD) • Only grocery competition in the market is Walmart SEASONED TENANT LINEUP • This Kroger Shadow center features a diverse mix of seasoned tenants • Majority destination/restaurant/service oriented • 5 tenants (50% of GLA) are original tenants from when the center was built in 2003 • Average Tenant Tenure: 15+ years HERNANDO, MS | MEMPHIS MSA • Hernando is the county seat of DeSoto County, the second-most-populous county in the Memphis metropolitan area, which includes counties in Tennessee, Arkansas and Mississippi. • Hernando is widely known for it’s high quality of life and continued population growth as one of Memphis’ most exciting suburbs