VILLAGE PLAZA OFFERING SUMMARY LAKELAND, FL. Diverse Anchor Line-up. 89% of GLA occupied by national/regional tenants

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1 VILLAGE PLAZA Diverse Anchor Line-up LAKELAND, FL 89% of GLA occupied by national/regional tenants Prime location within Lakeland s dominant retail node Secure income stream based on below market anchor rents and lease terms Outparcels included OFFERING SUMMARY

2 Lakeland, Florida Cushman & Wakefield s Retail Investment Advisors is pleased to offer for sale Village Plaza, a multi-anchor community shopping center located in Lakeland, Florida. Originally completed in 1989, the center totals 158,956 sf and is currently leased to a high-quality line-up with national/ regional tenants representing 89% of the GLA. Anchor tenants account for 63% of the GLA and include Hobby Lobby, Big Lots, and Party City. The offering includes a prime, two-tenant retail building (Chipotle Mexican Grill & Heartland Dental) located at the hard corner of the site and an outparcel ground leased to Outback Steakhouse. The center is situated less than one mile north of the I-4 interchange at US Highway 98 and in immediate proximity to the Lakeland Square enclosed regional mall. This offering represents the unique opportunity to acquire a high-quality community shopping center that enjoys a prime location within Lakeland s dominant retail node and offers a highly secure income stream based on long term anchor leases at significantly below market rents. PROPERTY SUMMARY 4212 US Highway 98 North, Location Lakeland, Florida, Year Built 1989 GLA 158,956 Occupancy 97% Anchors Outparcel Tenants High Quality Multi- Anchor Retail Center Top tier community shopping center for Lakeland based on anchor line-up and location Prime Location 55,000 VPD at intersection Situated within Lakeland s dominant retail node centered along US Highway 98 Less than 1-mile north of the I-4 interchange at US Highway 98 and immediately proximate to Lakeland Square regional mall Strong nearby retail co-tenancy includes, to name a few, Ashley Furniture, Bealls, Best Buy, Burlington, Cinemark Theaters, Dick s, Dillard s, JC Penney, LA Fitness, Lowe s, Macy s, Publix, Old Navy, Rooms to Go, Ross, Staples, Target, TJ Maxx, Sam s Club, Ulta, and Walmart Supercenter. Offering Highlights Dynamic Lakeland MSA Attractive market for long term ownership of high quality retail Projections for strong economic and population growth Strong Tenant Roster with Seasoning National/regional tenants account for 89% of GLA Diverse anchor line-up drives customer traffic Chipotle and Heartland Dental occupy high visibility retail building at hard corner Attractive Income Stream Credit tenants account for 57% of revenue The average base rent for Hobby Lobby and Big Lots is just ±$7.00 psf Hobby Lobby lease expires in 2030 Attractive Demographics (3-mile radius) 51, % Residents Proj. Population Growth ( $52,399 Avg. Household Income Offering includes outparcel ground leased to high-volume Outback Steakhouse Opportunity to spin-off prime outparcel leased to Chipotle/ Heartland Dental

3 Location Highlights Dynamic Lakeland MSA Attractive market for long term ownership of high-quality retail Diverse and healthy economy with a fast expanding transport/logistics industry (Amazon, FedEx and Walmart operate fulfillment centers in the area) and as the home to Publix headquarters (one of the 10 largest-volume supermarket chains in the US with +$34B in sales) Projections for strong economic and population growth -- the Lakeland MSA ranked #1 out of 25 MSA s in FL for Y-O-Y job growth in 2016 Infill Location Major intersection 55,000 VPD Situated within Lakeland s dominant retail node centered along US Highway 98 Less than 1-mile north of the I-4 interchange at US Highway 98 and immediately proximate to Lakeland Square regional mall Strong nearby retail co-tenancy Strong Demos 3-MILE RADIUS 51,006 residents 8.5% population growth by 2021 $52,399 avg. HH income

4 Tenancy Highlights TENANCY MAJOR TENANTS SF % OF GLA 55, % 32, % 12, % Total Major Tenants 99, % SHOP TENANTS National (10)* 29, % Local (6) 13, % Tenancy Highlights Vacant (1) 4, % Total Shop Tenants 47, % Diverse anchor lineup led by Hobby Lobby, Big Lots and Party City 89% of the GLA occupied by national/ regional tenants Offering includes valuable ground leased Outback Steakhouse and Chipotle / Heartland Dental retail building at hard corner At $7.12 psf, the average base rental rate for Hobby Lobby and Big Lots is very low NATIONAL VS. LOCAL TENANCY BASED ON GLA NATIONAL 88.7% LOCAL 8.5% AVAILABLE 2.8% OUTPARCELS Wells Fargo 6, % ** ** 4, % 2, % Total Outparcels 12, % Total GLA 158, % *National tenants include Amscot, Armed Forces Recruiting, AT&T, Chipotle, CiCi s Pizza, CosmoProf, Miracle Ear, Once Upon a Child, Subway, and Tropical Smoothie. **Part of Multi-Tenant Outparcel D

5 For more information, please contact: MARK GILBERT Executive Managing Director (305) ADAM FEINSTEIN Executive Director (305) MITCHELL HALPERN Director (305) SPENCER KINSELLA Financial Analyst (305) The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.)