Investment Overview

NORTHSIDE PLAZA • The subject property is a 44,448 SF grocery anchored center in McCarr, KY • Northside Plaza is anchored by Quality Foods and Dollar Tree • The two anchors account for 63% of the space and 88% of the revenue • Priced Well Below Replacement Cost • Average Rent: $5.43 VALUE-ADD SHOPPING CENTER • High Vacancy I 67% Occupied • 7 Vacant Units are under 2,000 SQFT I 1 Vacant unit around 5,000 SQFT • Limited small shop space competition in the area • Leasing vacant units at average $8/SF yields proforma cap of 23% HIGH-PERFORMING GROCERY ANCHOR • Quality Foods has a 22-year history at the location • No other competing grocery stores in the market • 2023 Sales: $6,019,031 • Rent to Sales Ratio: 1.50% DOLLAR TREE | INVESTMENT GRADE ANCHOR TENANT • The shopping center is also anchored by a new Family Dollar Tree combo store (30% of GLA) • Dollar Tree has been a tenant at this location for 33 years and just exercised an 8-year option • Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB • Dollar Tree/Family Dollar operates 16,340+ stores across 48 states and five Canadian provinces • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion MCCARR, KY • McCarr is a picturesque town in the heart of the Appalachian mountains • Located along the scenic Tug Fork River and acts as a border for KY & WV • Home to the famous Mccoy family from the Hatfield–McCoy Feud • Popular destination for many families looking to enjoy the mountains • Surrounded by various mines that drive a stable economy