Investment Overview

KROGER SHADO W ANCHORED CENTER | HAMP TON RO ADS MSA • Midtown Marketplace is a 12,866 SF Kroger shadow-anchored center, located in Portsmouth, VA, and a part of the Hampton Roads MSA • The property is shadow-anchored to a strong-performing Kroger • 50% national tenancy, including multiple 10+ year operators • Durable built-in customer base created by surrounding national retail and dense neighborhood areas • Midtown Market Place ranks in the top 2% of shopping centers both nationally and in the state of Virginia DAILY NEEDS TENANT LINEUP | BUIL T-IN GROCER Y TRAFFIC • Midtown Marketplace is the #1-ranked shopping center in a 10-mile radius • The center features an 50% national tenancy makeup, providing a strong mix of daily needs retail and service • 50% of the GLA operating for 10+ years, showing long-term proven tenant performance at the location • The Kroger shadow anchor ranks in the top 30% in the chain in a 15-mile radius and in the top 3% of all grocers in the state (Placer) • Midtown Marketplace features several well-performing outparcel strips, adding more foot traffic to the center DENSE INFILL L OCATION | 226K 5-MILE POP • Midtown Marketplace serves a dense infill trade area with 80K people in a 3-mile radius & 226K people in a 5-mile radius • The dense surrounding neighborhood area creates a built-in customer base for the grocery-anchored center • The center benefits from surrounding national retailers like Walmart, Wawa, Lowe’s, 7 Brew, and more HAMPTON RO ADS TRADE AREA • Midtown Marketplace is located within the Hampton Roads MSA, one of Virginia’s most important economic regions, driven by military, port, shipbuilding, logistics, healthcare, and government employment. • Home to over 1.8 million residents, the area captures the Virginia Beach, Norfolk, and Chesapeake Bay metros • Hampton Roads is home to the largest naval base in the world and has over 15 major military bases in the region, with over 90,000 active-duty military personnel • Port logistics and shipbuilding drive over $92 billion in economic impact and support more than 400,000 jobs in the Hampton Roads area