Investment Overview

BELLEVILLE CROSSING | ST LOUIS MSA • Belleville Crossing is 86K SF retail center located in Belleville, IL, and a part of the St. Louis MSA • Featuring a strong mix of national, credit, and service-based tenants, including PetSmart, Ross, Dollar Tree, and Hibbett • An average tenant tenure of 13 years for the center demonstrates proven tenant commitment and long-term operating history • The property is shadow anchored to a Target and Home Depot • #1 most visited shopping center in Belleville, IL • Belleville Crossing sees over 2.5M visits per year and is averaging 5%+ YOY growth over the past 3 years PROVEN BRAND NAME TENANTS • Belleville Crossing features a strong mix of nationally recognized brands, including PetSmart, Ross, Dollar Tree, Hibbett, Famous Footwear, Bath & Body Works, and more • The property benefits from shadow anchor big-box traffic generated by Target and Home Depot, which helps drive consistent foot traffic to the area • These tenants are proven long-term operators with an average tenant tenure of 13 Yrs • 55%+ of the GLA has been at the center for 16+ Yrs • Ross recently executed a new 10-year lease, which demonstrates leasing momentum and junior box tenant demand for the center BELOW-MARKET RENTS PROVIDE FUTURE UPSIDE • Belleville Crossing sees over 2.5M visits per year and is averaging 5%+ YOY growth over the past 3 years • Future embedded upside in underpaying junior box anchors • Ross paying $5.75 PSF • Al Quds Beauty Supplies paying $5.00 • As larger leases roll or are extended, ownership has the ability to pursue rent growth through renewals, extensions, or long-term lease restructuring • Strong Placer performance from the tenants in the center: • Hibbett: Top 13% in the state | Top 24% in the nation • Dollar Tree: Top 17% in the state | Top 14% in the nation • Maurices: Top 25% in the state | Top 30% in the nation • Great Clips: Top 33% in the state | Top 35% in the nation • PetSmart: Top 43% in the state ST. LOUIS MSA • Belleville Crossing is located within the St. Louis MSA, approximately 20 minutes from downtown St. Louis • Belleville is a bedroom community of St. Louis, with many residents regularly commuting in and out of the city. • The employment base is driven by Scott Air Force Base, Memorial Hospital Belleville, BJC Healthcare, Boeing, Southwestern Illinois College, and the broader St. Louis economy • The surrounding trade area includes 86,602 residents within 5 miles with an average household income of $88,286 • Belleville Crossing’s specific location, surrounding big-box traffic, national tenant mix, and proven tenant history make it one of the more attractive retail assets in the area.