Investment Overview

WALMART SHADOW CENTER | 21,600 SF | DILLON, SC • 21,000 SF fully occupied Walmart shadow center in a stable I-95 corridor market • Walmart shadow-anchored (Dollar Tree + Cato as primary tenants) with no dark history and strong local performance • Located within Dillon’s dominant Walmart retail node, the primary daily-needs shopping destination for the surrounding trade area • Ranked the #1 most visited shopping center in Dillion, SC. STRONG NATIONAL / REGIONAL TENANT MIX • Anchored by Dollar Tree and Cato, supported by necessity-oriented inline tenants including Jersey Mike’s, Cricket Wireless, Tokyo Japanese Restaurant, and Envious Nails • 56% credit tenancy provides stability uncommon for tertiary retail markets • Average tenant tenure of ~10.9 years demonstrates durable local performance and established consumer draw PROVEN FOOT-TRAFFIC PERFORMANCE VS NATIONAL PEERS • Dollar Tree ranks within the top ~80th percentile nationwide • Cato performs within the top ~75–80th percentile nationwide • Cricket performs in the top ~85th percentile nationwide • National chain performance metrics reinforce the center’s position as a dominant necessity retail destination within the Dillon trade area STABLE INVESTMENT | NEAR-TERM VALUE-ADD OPTIONALITY • Weighted Average Lease Term: ~2.4 years, creating clear opportunities for renewal mark-to-market and leasing strategy execution • Conservative underwriting supports ~15%+ potential NOI growth through tenant renewals and strategic re-tenanting • 100% occupied with no near-term vacancy risk, allowing investors to capture stable income while executing rollover upside DOMINANT RETAIL POSITIONING WITH I-95 EXPOSURE • Positioned directly along Radford Boulevard with immediate access to Interstate-95 (~40,000+ VPD) — one of the busiest freight and tourism corridors on the East Coast • Only Walmart in a 30 mile radius, serving a wide regional trade area with limited competition • Walmart shadow positioning allows the center to capture both local necessity demand and interstate traveler traffic STABLE TERTIARY MARKET SUPPORTED BY LOGISTICS & REGIONAL DRAW • Dillon operates within the Florence regional employment corridor, benefiting from commuter access to major healthcare, manufacturing, and logistics employers • Key regional drivers include Harbor Freight Distribution Center, McLeod Health Dillon, regional manufacturing users, Interstate-95 logistics employment, plus roadside attractions like South of the Border • Limited retail competition in the immediate node – The market serves as a regional retail hub for surrounding rural communities, supporting consistent necessity-based consumer spending