Investment Overview

FAMILY DOLLAR TREE ANCHORED SHOPPING CENTER • The subject property is a 40,085 square foot shopping center anchored by a brand new Family Dollar Tree combo store located in Newport, TN • Newport is located 45 minutes from the heart of Knoxville, TN INVESTMENT GRADE ANCHOR TENANT • The shopping center is anchored by a new Family Dollar Tree combo store (55% of GLA) • 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 operate 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. • Tenant built out a new location less than a year ago and has 4 years left on initial 5-year term. STABILIZED ASSET WITH HIGH RETURN METRICS • Leasing Momentum | 2 Executed leases in the last 6 months • Center boasts a 9.00% cap for a Stabilized Center • Priced Below Replacement Cost: $57.13/SF • Low rental rates provide opportunity to raise rent • Avg. Rent: $5.82 NEWPORT, TN | KNOXVILLE MSA • The city of Newport, TN is the county seat of Cocke County • Located 45 minutes outside of Knoxville • Newport is situated along the Pigeon River in an area where the foothills of the Great Smoky Mountains descend into the French Broad drainage basins. • Subject property is located in a retail node of Newport that includes tenants such as Tractor Supply, Food City, Dollar General, Krystal, Sonic, Napa Auto Parts, and more