Former Supermarket. 2 Westbury Avenue. Carle Place, NY

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1 Former Supermarket

2 About Carle Place... 2 WESTBURY AVENUE IS LOCATED IN CARLE PLACE, WHICH IS PART OF THE TOWN OF NORTH HEMPSTEAD IN NASSAU COUNTY, NEW YORK. CARLE PLACE IS LOCATED IN THE CENTRAL PORTION OF NASSAU COUNTY, ABOUT 20 MILES EAST OF MIDTOWN MANHATTAN. THE NEIGHBORHOOD BOUNDARIES ARE DETAILED AS FOLLOWS; NORTH: JERICHO TURNPIKE, SOUTH: OLD COUNTRY ROAD, EAST: MEADOWBROOK PARKWAY, WEST: HERRICKS ROAD. LAND USES WITHIN THE SUBJECT NEIGHBORHOOD CONSIST OF A MIXTURE OF COMMERCIAL, RESIDENTIAL AND INDUSTRIAL DEVELOPMENTS. THE PREDOMINANT USE ALONG THE SECONDARY ROADWAYS IN THE AREA IS SINGLE-FAMILY RESIDENCES. ACCORDING TO NIELSEN/CLARITAS, APPROXIMATELY 80.7% OF THE SINGLE-FAMILY RESIDENTIAL HOUSES WITHIN A FIVE-MILE RADIUS WERE CONSTRUCTED PRIOR TO THE NEIGHBORHOOD AND AREAS SURROUNDING THE SUBJECT ARE GENERALLY CHARACTERIZED AS FULLY DEVELOPED. MUCH OF THE SURROUNDING AREA WAS FORMERLY HOME TO INDUSTRIAL USES, HOWEVER, AS LONG ISLAND GREW AND ACREAGE BECAME SCARCE, IT HAS BEEN REDEVELOPED TO INCLUDE MODERN SHOPPING CENTERS. COMMERCIAL USES IN THE NEIGHBORHOOD INCLUDE MAJOR REGIONAL MALLS AND ANCILLARY SHOPPING CENTERS, BRANCH BANKS, RESTAURANTS, AS WELL AS GAS STATION/CONVENIENCE STORES. THESE DEVELOPMENTS ARE LOCATED PRIMARILY ALONG THE LOCAL TRAFFIC ARTERIES. ROOSEVELT FIELD MALL IS THE LARGEST REGIONAL MALL IN LONG ISLAND, WITH APPROXIMATELY 2.2 MILLION SQUARE FEET OF RETAIL SPACE. ANCHOR TENANTS INCLUDE BLOOMINGDALES, BLOOMINGDALES HOME STORE, DICK S SPORTING GOODS, JCPENNEY, MACY S AND NORDSTROM. THE TRAFFIC CREATED BY THE MALL HAS LED TO THE DEVELOPMENT OF A HEAVY CONCENTRATION OF RETAIL IN THE AREA, WHICH RANGE FROM SINGLE TENANT PROPERTIES, TO LARGE POWER CENTERS. THE GREATEST CONCENTRATION OF COMMERCIAL DEVELOPMENT IS FOUND ON MERCHANTS CONCOURSE, OLD COUNTRY ROAD, AND STEWART AVENUE. MUCH OF THE RETAIL DEVELOPMENT ALONG THESE CORRIDORS SUGGESTS THAT A CERTAIN LEVEL OF REDEVELOPMENT WAS NECESSARY, TO CARVE OUT THE STRIP SHOPPING CENTERS, WHICH ARE CUSTOMARY IN AMERICAN SUBURBS.

3 SITE INFORMATION GLEN COVE ROAD SOUTH BOUND MEADOWBROOK PARKWAY SOUTH BOUND INTERSECTION N/W/C GLEN COVE ROAD & VOICE ROAD AVAILABLE SPACE 56,222 SQUARE FEET WESTBURY AVENUE EAST BOUND VOICE ROAD 120K VPD LAND ACRES Real Estate Taxes $8.50 PSF LONG ISLAND RAILROAD CLINTON ROAD NORTH BOUND OLD COUNTRY ROAD WEST BOUND EXIT M2 PARKING SPACES 10 MINUTE DRIVETIME DEMOGRAPHICS Population 346 OLD COUNTRY ROAD EAST BOUND MEADOWBROOK PARKWAY NORTH BOUND , ,730 Households , ,487 Median Household Income 2016 $88, ,062 ACCESS AERIAL Daytime Population ,281

4 Accessibility to high income levels MILL NECK/LOCUST VALLEY POP: 13,372 AVG HH INC: $193,622 Area Zip Code Miles to Site GARDEN CITY COUNTRY CLUB DISTRICT Pop: 12,851 Avg HH Inc: $224,254 ROCKVILLE CENTRE Pop: 15,811 Avg HH Inc:$197,548 FIVE TOWNS Pop 35,656 Avg HH Inc: $168, ,11557, GREAT NECK/KING S POINT POP: 38,645 AVG HH INC: $166,011 PORT WASHINGTON ROSLYN OYSTER BAY BROOKVILLE/GLEN HEAD POP: 11,454 AVG HH INC: $297,792 MUTTONTOWN OLD WESTBURY Pop: 4,663 Avg HH Inc: $336, MANHASSET LAKE SUCCESS OLD WESTBURY POP: 4,663 AVG HH INC: $336,206 NORTH HILLS/SEARINGTOWN/ROSLYN Pop: 16,840 Avg HH Inc: $211, , LITTLE NECK SEARINGTOWN MANHASSET/FLOWER HILL/MUNSEY PARK Pop: 14,757 Avg HH Inc: $236,427 GREAT NECK/KING S POINT Pop: 38,645 Avg HH Inc: $166,011 PORT WASHINGTON/SAND S POINT Pop: 29,724 Avg HH Inc: $183, , , GARDEN CITY COUNTRY CLUB DISTRICT POP: 12,851 AVG HH INC: $224,254 MASSAPEQUA BROOKVILLE/GLEN HEAD Pop: 11,454 Avg HH Inc: $297,792 OYSTER BAY COVE Pop: 7,298 Avg HH Inc: $278, ROCKVILLE CENTRE MILL NECK/LOCUST VALLEY Pop: 13,372 Avg HH Inc: $193, MERRICK Pop: 31,683 Avg HH Inc: $157, TOTAL POPULATION: 232,754 TOTAL AVERAGE HOUSEHOLD INCOME: $2,651,901 FIVE TOWNS POP 35,656 AVG HH INC: $168,822 MERRICK POP: 31,683 AVG HH INC: $157,732 NASSAU COUNTY POP: 1.4 M AVG HH INC: 134,243 5 MILES TO MANHATTAN 50 MILES TO THE HAMPTONS

5 THE SOURCE GALLERY AT WESTBURY PLAZA furniture Starbucks COUNTRY GLEN CENTER Starbucks 59K VPD WESTBURY PLAZA Archstone Apartments Walmart CARLE PLACE COMMONS former ROOSEVELT FIELD MALL 118K VPD Starbucks 31K VPD 24K VPD Starbucks STEWART PLAZA MARKET AERIAL

6 23,000 SF 10,000 SF 16,000 SF GARDEN CITY FOODS 41,000 SF 13,015 SF 49,135 SF 48,000 SF 18,000 SF 74,889 SF 148,295 SF 68,000 SF 20,000 SF 125,000 SF Planned 12,000 SF 70,000 SF SUPERMARKET COMPETITION AERIAL

7 WESTBURY AVENUE 346 PARKING SPACES GLEN COVE ROAD 56,222 SF Ideal Restaurant Supply PLAZA 200 OUTLETS PLAZA 200 OUTLETS PARKWAY PLAZA VOICE ROAD VOICE ROAD PLAZA LONG ISLAND RAILROAD CLOSE UP AERIAL

8 EXISTING CONDITIONS SITE PLAN

9 FIXTURE PLAN

10 Former Supermarket FOR MORE INFORMATION, PLEASE CONTACT: JOHN HANLON Senior Vice President ADAM BASS Associate

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