Investment Overview

WALMART SHADOW CENTER • The subject property is a 14,300 square foot retail strip center shadow anchored by a Walmart Neighborhood Market in the Greenville MSA • Amazon-Proof Tenant Lineup | All Service & Restaurant tenants • Walmart is on a ground lease, and has 11 years remaining on its initial 20 year term • This Walmart Neighborhood Market is the #1 most visited grocery store in a 5-Mile Radius (10 Total Grocery Stores) VALUE-ADD • High Vacancy I 78% Occupancy • Vacant units are under 2,000 square feet and are in Vanilla Box condition • Limited Vacancy in surrounding market | 1-mile Vacancy Rate: 1.5% (Costar) • Leasing two vacant units at $15/SF (Market Rate) will net a buyer a 60% increase in income by year 5 • Proforma Cap Rate: 12.81% HIGH TRAFFIC GROCERY STORE • This Walmart Neighborhood Market sees 950,000 visits per year • There is no immediate grocery competition in the corridor • This location ranks as the #1/10 grocery store within a 5mi radius (Placer.ai) • With 1.5m annual visits, this shopping center (Cedar Springs Market), is the #1 most visited shopping center in a 15-Mile Radius (Placer.ai) SPARTANBURG, SC | GREENVILLE, MSA • Spartanburg is a growing suburb of Greenville, just 30 minutes away from the city, and is the county seat of Spartanburg County. • Spartanburg is home to Wofford College and was named 3rd best place to live in SC (US News) • Major employers in the area include BMW Manufacturing Corp., Spartanburg Regional Healthcare System, Michelin North America, and Denny’s Headquarters • Greenville is the largest and fastest growing MSA in South Carolina with a population of more than 885,000 and the Greenville- Spartanburg- Anderson Combined Statistical Area (The Upstate) is the largest statistical area in the state, home to more than 1.4 million residents • Greenville maintains one of the strongest local economies in the southeast and is driven by financial institutions, the automotive industry, healthcare, and pharmaceuticals.