WEST TOWN MARKET A PREMIER HARRIS TEETER ANCHORED DEVELOPMENT FORT MILL, SOUTH CAROLINA EXECUTIVE SUMMARY EXECUTIVE SUMMARY 1

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1 A PREMIER HARRIS TEETER ANCHORED DEVELOPMENT FORT MILL, SOUTH CAROLINA EXECUTIVE SUMMARY 1 EXECUTIVE SUMMARY

2 The Opportunity Property Summary Holliday Fenoglio Fowler, L.P. ( HFF ) has been retained as the exclusive sales representative for West Town Market, a 67,883 SF neighborhood shopping center anchored by Harris Teeter. The center is 100% leased to thirteen tenants in two buildings. The Property is located in Fort Mill, SC along the highly trafficked Highway 0 corridor (30,100 VPD) and has convenient access off exit on Interstate (106,900 VPD). West Town Market is ideally positioned in a flourishing submarket that has experienced population growth of 292% within 1 mile and 153% within 3 miles since The Property also benefits greatly from its proximity to Baxter Village and Kingsley Village on Highway 0, which contains 1,465 homes and the headquarters of LPL Financial and Lash Group (~4,700 combined jobs), respectively. West Town Market is a generational asset that will continue to thrive as Fort Mill grows and matures as a preferred submarket to Charlotte, NC. ADDRESS 1750 West Highway 0 W Fort Mill, SC OCCUPANCY 100% GLA 67,883 RSF ANCHOR TENANTS Harris Teeter YEAR 1 NOI $805,594 PRICE Best Offer SITE SIZE 5.97 Acres PARKING 293 spaces TRAFFIC COUNTS 30,100 VPD on Highway 0 106,900 VPD on Interstate YEAR BUILT Demographic Highlights Statesville Rd 24 University City 11% 34,520 $102,833 PROJECTED POPULATION GROWTH IN THE NEXT 5 YEARS POPULATION WITHIN 3 MILE RADIUS ESTIMATED AVERAGE HOUSEHOLD INCOME WITHIN 3 MILE RADIUS 46% COLLEGE GRADUATE OR BETTER WITHIN 3 MILE RADIUS 273 W ilkinson 273 Blvd Charlotte Douglas International Airport 0 0 Billy Graham Pkwy UPTOWN CHARLOTTE South End Dilworth South Blvd Myers Park Southpark NODA Plaza Midwood N Try on St 24 East Charlotte E Independence Blvd Charlotte MSA Highlights 18.19%,3 PROJECTED POPULATION GROWTH NEW JOBS ADDED in the last 24 months HOME TO UNIVERSITY OF NORTH CAROLINA-CHARLOTTE 4 th largest university in North Carolina 28,500+ undergrad and graduate students Student enrollment has grown 28% over the last eight years Ballantyne N O. 1 GROWTH IN NUMBER OF BUSINESSES wallethub.com of 260 large cities N O. 1 N O. 2 N O. 3 FASTEST POPULATION INCREASE PROJECTION United Nations BEST STATES FOR BUSINESSES + CAREERS Forbes of State REAL ESTATE MARKET S TO WATCH pwc and urban land institute of 75 cities EXECUTIVE SUMMARY 2

3 Investment Highlights STABILIZED GROCERY-ANCHORED SHOPPING CENTER IN THRIVING SUBMARKET HARRIS TEETER ANCHORED - Harris Teeter is the most recognizable grocery chain the Carolinas and has an extremely loyal customer base. Founded in 1936 outside of Charlotte, North Carolina, Harris Teeter operates over 240 retail grocery stores across seven states and the District of Columbia. DYNAMIC TENANT MIX - The shopping center is comprised of necessity and service retailers resilient in economic downturns. Shoppers benefit from a synergistic mix of tenants including restaurants, salons, a grocery-anchor, and financial services. OUTPARCEL DRAWING POWER - While not owned, the shopping center benefits from national tenant outparcel traffic from BB&T, CVS, Goodyear, Wendy s, and Zaxby s. This attractive outparcel lineup points to the high quality location for retailers. SECURE INVESTMENT - The property has been 100% leased 9 of the last 10 years and provides strong day 1 cash returns. In addition, Harris Teeter accounts for over 40% of the rental income with no immediate shop tenant roll, providing stability for the Property. Most shop tenants have built-in rental escalations and remaining terms of 2-7 years, giving a future owner time to prepare for renewals and potentially new tenants with improved credit and term. TENANT ROSTER SUITE TENANT SF 1 Pizza Hut 1,500 2 Happy Nails 1,000 3 Carolina Valet 1,000 4 World Finance 1,000 5 I Love Juice Bar 1,540 6 The UPS Store 1,560 7 Great Clips 1,300 8 Salon Salon 1,540 9 Big Wok 1, Ultra Tan 2, Harris Teeter 48,220 12A Fleet Feet Sports 2,223 12B Sprint 3,000 TOTAL SF 67,883 *Note the buildings shaded in gray are not part of the current offering. PLEASANT ROAD EXECUTIVE SUMMARY 3 HIGHWAY 0 W

4 KINGSLEY VILLAGE 626 ACRE MIXED-USE COMMUNITY; 8,000 SF OF OFFICE, 145,000 SF OF RETAIL, 238 APARTMENTS, AND COURTYARD MARRIOTT 0 PEACHTREE PLACE APARTMENTS 2 units; 1-3 bedrooms; $800-$1475 /mo BI-LO FORT MILL HIGH SCHOOL 2,200 students enrolled FOREST RIDGE APARTMENTS 136 units; 3 bedroom; $960 /mo 106,900 VPD YMCA ORCHARD PARK ELEMENTARY SCHOOL 830 students enrolled 30,100 VPD CHARLOTTE (5 MILES) LOWES BAXTER VILLAGE 1,465 homes $250K-$1 million SHUTTERFLY 600+ Employees WALGREENS CVS HABERSHAM BY SHEA HOMES New Construction $370K - $420K 0 EXCEPTIONAL OPPORTUNITY TO OWN THE PREMIER GROCERY ANCHORED SHOPPING CENTER IN A HIGH GROWTH CHARLOTTE SUBMARKET STRATEGIC HIGH TRAFFIC LOCATION West Town Market is strategically positioned on the going home side of the road on Highway 0, just west of the I- interchange. Average daily traffic counts top 30,000 vehicles. LIMITED GROCERY COMPETITION & BARRIERS TO ENTRY The top grocers have already picked locations in the market with the closest store over a mile away: Publix (2.3 miles north); Wal-Mart Supercenter (1.6 miles west); and BI-LO (1.2 miles east). There are no available sites that could out position West Town Market s prime location. HIGHLY AFFLUENT SUBMARKET The Shopping Center benefits from an average household income of $102,833 and 46% of residents with a bachelor s degree or better within a 3 mile radius. EXPLOSIVE RESIDENTIAL GROWTH The population in a 3-mile radius is 34,520, a 153% increase since The surrounding area is projected to experience an additional 11% growth over the next 5 years. In particular, the Property benefits from existing master planned communities like Baxter Village (1,465 homes) and Brayden The Villages. NEW ECONOMIC DRIVER Kingsley Village is a 626 acre mixed-use community with 8,000 SF of new office buildings anchored by LPL Financial and The Lash Group, which combined is bringing approximately 4,700 new jobs to the community. EXECUTIVE SUMMARY 4

5 investment advisors TOM KOLARCZYK Associate Director RICHARD REID RYAN CLUTTER NORTH TRYON STREET SUITE 1400 CHARLOTTE, NORTH CAROLINA debt + structured finance TRAVIS ANDERSON tanderson@hfflp.com BRENT BOWMAN Director (704) bbowman@hfflp.com CORY FOWLER Associate Director cfowler@hfflp.com 4242 SIX FORKS ROAD SUITE 876 RALEIGH, NORTH CAROLINA Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, HFF ), HFF Securities L.P. and HFF Securities Limited (collectively, HFFS ) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on