FOR SALE STRAWBERRY FESTIVAL MARKET 2160 MAIN STREET, MADISON, MS Overby Commercial 1808 N State St Jackson. MS Overby.

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1 FOR SALE

2 EXECUTIVE SUMMARY OFFERING SUMMARY Sale Price: $1,850,000 Cap Rate: 7.50% NOI: $138,800 Lot Size: 2.16 Acres 94,089+/- sf Occupancy: 100% Year Built: 2002 Building Size: 14,037 sf Zoning: C-2 Commercial Market: Jackson, MS Submarket: Madison, MS Price / SF: $ PROPERTY OVERVIEW Once a small farming community, Madison, Mississippi is one of the fastest growing cities in the state and consistently recognized as one of the best places to live by multiple national publications and websites. This premium location is at the heart of the state's highest household income. Strawberry Festival, built in 2002, is a 14,037 square foot office and retail center on Main Street in Madison less than 1.5 miles from I-55. Near Highway 463 between Old Canton Road and Highway 51 in the heart of Madison, the property is along the main thoroughfare of Madison' s business district. The architecturally pleasing center offers front and rear parking with an attractive courtyard area at the center for a diverse range of tenants. PROPERTY HIGHLIGHTS Well constructed and maintained Easy access to Highways 51 & 463 and Interstate 55 Convenient location with ample parking Stable tenant mix and flexible suite sizes

3 LOCATION MAPS

4 DEMOGRAPHICS MAP POPULATION 1 MILE 3 MILES 5 MILES Total population 4,282 23,659 57,527 Median age Median age (Male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 1,559 8,866 23,390 # of persons per HH Average HH income $106,772 $101,994 $89,546 Average house value $247,049 $242,245 $233,390 ETHNICITY (%) 1 MILE 3 MILES 5 MILES Hispanic 0.4% 0.7% 3.8% RACE (%) White 89.9% 85.9% 70.2% Black 6.0% 10.1% 24.4% Asian 3.4% 3.3% 2.8% Hawaiian 0.0% 0.0% 0.0% American Indian 0.0% 0.0% 0.0% Other 0.1% 0.4% 2.3% * Demographic data derived from 2010 US Census

5 RENT ROLL TENANT UNIT LEASE LEASE ANNUAL % OF PRICE NAME SIZE (SF) START END RENT GLA PER SF/YR Burn Boot Camp 4,194 2/1/2017 3/31/2022 $46, $11.00 W Real Estate 1,605 1/1/2018 2/28/2021 $16, $10.50 Xpress Dance 4,858 8/1/2009 7/31/2019 $48, $10.00 Once Upon a Dress 3,291 3/1/2018 5/31/2020 $36, $11.14 Totals/Averages 13,948 $148,229 $10.63

6 RENT ROLL UNIT TYPE COUNT % TOTAL SIZE (SF) $/SF/YR ANNUAL RENT ,487 $10.63 $37,057 Totals/Averages 4 100% 13,948 $10.63 $148,228

7 FINANCIAL SUMMARY INVESTMENT OVERVIEW Price $1,850,000 Price per SF $ CAP Rate 7.50% Cash-on-Cash Return (yr 1) 7.79% Total Return (yr 1) $76,827 Debt Coverage Ratio 1.26 OPERATING DATA Gross Scheduled Income $226,022 Other Income - Total Scheduled Income $226,022 Vacancy Cost $9,780 Gross Income $216,241 Operating Expenses $77,441 Net Operating Income $138,800 Pre-Tax Cash Flow $28,824 FINANCING DATA Down Payment $370,000 Loan Amount $1,480,000 Debt Service $109,976 Financing data based on loan with 20% down, interest rate of 4.25%, twenty year amortization and a ten year term.

8 FINANCIAL SUMMARY INVESTMENT OVERVIEW Debt Service Monthly $9,164 Principal Reduction (yr 1) $48,003 Financing data based on loan with 20% down, interest rate of 4.25%, twenty year amortization and a ten year term.

9 INCOME & EXPENSES INCOME SUMMARY PER SF Gross Income $216,241 $15.41 EXPENSE SUMMARY PER SF CAM $41,892 $2.98 Taxes $29,111 $2.07 Insurance $6,438 $0.46 Gross Expenses $77,441 $5.52 Net Operating Income $138,800 $9.89

10 ADVISOR & BIO CONTACT 1 SCOTT OVERBY, CCIM Principal Broker Overby, Inc. PROFESSIONAL BACKGROUND Serving as president and principal broker for Overby, Inc. since 2003, Scott employs a distinctive blend of experienced real estate savvy and complex financial expertise to provide strategic consulting and brokerage services to commercial real estate investors and owners at all levels of complexity and experience. Beginning a theme park career as a seasonal employee in 1986, Scott held a number of management positions at several parks before becoming Director of Operations for Six Flags America in In addition to park operations, Scott also assumed company-wide responsibilities for operational standardization at thirty-nine U.S. properties. The broad focus covering property operations and risk management combined with a detailed emphasis to the bottom line proved to be instrumental in Scott s transition into commercial brokerage and development in P.O. Box 4644 Jackson, MS T C scott@overby.net He earned the coveted CCIM (Certified Commercial Investment Member) designation in 2008 after successfully completing a process that ensures proficiency not only in theory, but also in practice. Scott has been honored annually for his sales and leasing volume amongst his peers and received the Power Broker 2015, 2016 & 2017 firm awards for Top Leasing Firm and Top Sales Firm and the Power Broker 2015, 2016 & 2017 individual awards for Sales, Retail Leasing, Office Leasing and Industrial Leasing. He was named 2017 REALTOR of the year by the Mississippi Commercial Association of REALTORS. He remains active in a variety of professional, civic and cultural organizations and currently serves as President for Friends of Children s Hospital, Vice President for the CCIM Chapter of Mississippi, and as a Director for the Greater Jackson Arts Council. Scott has also held various board positions with the Central Mississippi MLS and Mississippi Commercial Association of REALTORS. His wife Amanda oversees Overby Residential. They have two daughters - Isabella, 17 and Avery, 14. His third child is a 145 pound Great Dane named Vince. EDUCATION George Mason University, Bachelor of Arts in Communications and Marketing, 1993 MEMBERSHIPS & AFFILIATIONS 2017 CCIM Mississippi Chapter, Vice President 2016 Mississippi Commercial Association of REALTORS, President 2016 Central Mississippi MLS, Director Central Mississippi REALTORS (CMR) Building Owners and Managers Association International (BOMA) Institute of Real Estate Management (IREM)