Investment Overview

* Ocala West is an 84,902 SF Hobby Lobby anchored center situated in the best retail corridor in Ocala, FL- Ocala West, per Placer.ai, has over 1.6M visitors annually * Hobby Lobby (83.5% of the GLA – added 4,000 SF for storage in May 2024) recently executed a new 10-year Lease extension and is a top performing location in Florida (#5 out of 56 stores in FL with 629.4K visitors and #129 out of 1,022 U.S.) per Placer.ai * YTD 2026 sales through July for Hobby Lobby are up approximately 20% year over year- Rent/Sales on track to be approximately 3.0% * Long standing tenancy- over 60% of the shop space tenants have been on-site for over 10 years * Recent renovations- Seller just recently invested over $650,000 in a façade renovation and invested nearly $60,000 on new tenant signage- an additional $30,000 was invested into a new seal coat and line stripping * Incredibly dense market- Ocala West is located near Paddock Mall (550K SF- 90+ stores), Gaitway Plaza (T.J.Maxx, Michael’s, Ross), Berkshire Oaks (520K SF Lifestyle Center with Kohl’s, Dillard’s, Dick’s, HomeGoods, Ashley), Walmart Supercenter, Sam’s Club, Home Depot, Advent Health Hospital (425 beds), HCA Florida Hospital (323 beds), and College of Central Florida (8,600 students) * Very strong Placer.ai data on nearby retailers: Walmart (3.17M visitors- 93rd U.S./92nd FL), Home Depot (1M visitors- 80th U.S./63rd FL), Sam’s Club (2.1M visitors- 75th U.S./86th FL), Lowe’s (884K visitors- 88thU.S./90th FL), Paddock Mall (3.4M visitors- 68th U.S./73rd FL), Berkshire Oaks (2M visitors- 76th U.S./78th FL), Gaitway Plaza (2.9M visitors- 86th U.S./88th FL) * Interstate access- less than 2 miles from Interstate 75- ADT over 110,000 cars/day * Signalized Entrance- Ocala West features a signalized primary entrance, with additional entry points from SW College Road (ADT over 37,500 cars/day) and 19th Avenue Road/Easy Street * Low retail vacancy in the immediate market- 3-mile vacancy is approximately 2.0% * Below market rents: Hobby Lobby is paying a conservative rent of $6.73/SF- shop space tenants average rent is $23.27/SF * Priced below replacement cost- Price/SF of $117.19 * Over 80,000 residents within a 5-mile radius with an AHI over $74,000