SHOPS AT EASTCHASE MONTGOMERY, AL

HIGH QUALITY, NEW CONSTRUCTION STRIP RETAIL CENTER IN THE TOP RETAIL SUBMARKET IN MONTGOMERY, AL WITH LIMITED STRIP RETAIL COMPETITION. 2

Overview SHOPS AT EASTCHASE 7700 EASTCHASE PKWY, MONTGOMERY, AL 36117 $4,730,000 PRICE 7.21% CAP LEASABLE SF 16,016 SF PRICE/SF $295 LAND AREA 2.00 AC OCCUPANCY 84.39% YEAR BUILT 2014 PARKING 109 SPACES; 6.8/1,000 SF Average household incomes in a 1-mile exceed $126k Located 1.5 miles from Auburn University at Montgomery Located in the main retail trade area of Montgomery Upside in lease-up of vacant space Very little retail vacancy in the immediate area Tenants benefit from hotel patrons in the immediate area This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 3

Investment Highlights THE OFFERING provides an opportunity to acquire a multi-tenant asset situated in the main retail trade area in Montgomery. The center is 85% leased allowing an investor to achieve a 8.14%+ cap rate through lease-up of the vacant space. The tenant roster has a diverse mix of amazon proof tenants with significant term left on leases. THE SUBJECT PROPERTY is strategically located just off Highway 80 (45,850 ADT), within the primary retail trade area of Montgomery. Average household incomes in a 1-mile radius of the subject property exceed $126,000. The tenants in the center benefit from the traffic of hotel patrons at the four hotels located in the immediate area. The center is within a five minute drive to Auburn University at Montgomery. National big box retailers in the area include Target, Kirkland s, HomeGoods, Marshalls, Ross, Kohl s, PetSmart, DICK s, Hobby Lobby, Costco, Michaels, Pier 1 Imports, and Dillard s. The subject property benefits from the draw to the area provided by these strong national retailers. Contact the team DAVE LUCAS dlucas@capitalpacific.com PH: 415.274.7390 CA BRE# 01389761 JOE CACCAMO jcaccamo@capitalpacific.com PH: 415.274.7394 CA BRE# 01191110 TENANTS BENEFIT FROM HOTEL PATRONS IN THE IMMEDIATE AREA This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 4

Zoomed-Out Aerial WARES FERRY ROAD ELEMENTARY MONTGOMERY WILLIAM SILAS GARRETT ELEMENTARY 231 54,920 VPD ATLANTA HIGHWAY ARROWHEAD COUNTRY CLUB DOZIER ELEMENTARY 231 45,850 VPD 85 85 E ASY H A C ST KW EAPAR 85 46,780 VPD MONTGOMERY MUSEUM OF FINE ARTS 37,730 VPD EA ST ER NB OU LEV AR D 85 TAYLOR ROAD BAPTIST MEDICAL CENTER EAST 231 TAYLOR ROAD SAINT JAMES SCHOOL WYNLAKES GOLF AND COUNTRY CLUB 5 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Vacancy Map KEY HIGH VACANCY MARKET VACANCY LOW VACANCY ATLANTA HIGHWAY ATLANTA HIGHWAY 231 MONTGOMERY 85 85 TAYLOR ROAD 231 VAUGHN ROAD The Eastchase submarket is the strongest retail submarket in Montgomery with almost no vacancy. If you are a tenant looking for a new site in the Montgomery MSA, you want to be on Eastchase as evidenced by the solid lineup of credit tenants in the submarket. Dave Lucas 6 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

TAYLOR ROAD Zoomed-In Aerial MONTGOMERY 37,730 VPD 45,850 VPD 85 AMRIDGE UNIVERSITY EASTCHASE PARKWAY EASTCHASE PARKWAY BERRYHILL ROAD TAYLOR ROAD HALCYON ELEMENTARY 7 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Auburn University at Montgomery AUBURN UNIVERSITY AT MONTGOMERY (AUM) is a public university located in Montgomery, Alabama. It is governed by the Auburn University Board of Trustees. AUM offers programs of study leading to bachelor s, master s, and specialist degrees in business, education, liberal arts, nursing, and sciences. As of 2017, the university enrolls almost 5,000. In January 2007, the university moved toward branding itself as Auburn Montgomery. AUM s College of Business ranks in the top 5% of business schools in the world, as accredited by The Association to Advance Collegiate Schools of Business International, and was rated a Best Business School by The Princeton Review. This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. STATISTICS TOTAL STUDENT ENROLLMMENT BY CLASS Undergraduates: 4,273 Graduates: 605 TOTAL: 4,878 FACULTY AND STAFF Full-Time: 191 Part-Time: 155 TOTAL: 346 8

Submarket Overview RETAILERS IN CLOSE PROXIMITY INCLUDE: Bed Bath & Beyond Chick-fil-A Cost Plus World Market Costco DICK s Sporting Goods Dillard s Hobby Lobby Kohl s Michael s PetSmart Pier 1 Imports Ross Dress for Less Starbucks Target Verizon Walmart Supercenter Whole Foods Market This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. BUSINESS SUMMARY Businesses 391 1,938 4,065 Employees 4,824 24,129 51,833 Residential Population 4,848 38,866 87,667 KEY 1-MILE 3-MILES 5-MILES

Subject Property 10

Neighboring Retail 11

Retail Aerial This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 12

Income & Expense Vacancy Factor (4% of EGI) $0 ($25,109) This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 13

Rent Roll This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 14

Reimbursement Schedule 5 6 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 15

Site Plan EASTCHASE PARKWAY 16,000 RENTABLE SF 2.00 ACRES 109 SPACES EASTCHASE PARKWAY SELAS DRIVE AVAILABLE 2,500 SF SELAS DRIVE EASTCHASE LANE SELAS DRIVE This site plan is a rendering that has been created based on sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 16

Vacant Suite Floor Plan FLOOR PLAN REFLECTED CEILING PLAN This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 17

Tenant Overview LITTLE DONKEY Lease signed by: Little Donkey Montgomery, LLC, a 1-unit guaranty Little Donkey Taqueria is a classic Mexican restaurant that serves a large variety of Mexican food and beer, wine and cocktails. Currently they have five locations across Alabama, West Virginia, and Tennessee. ALFA INSURANCE Lease signed by: Alfa Mutual Insurance Company, an Alabama company As an outgrowth of the Alabama Farmers Federation, Alfa Insurance Companies began in 1946 to provide quality fire insurance to federation members, who were primarily farmers. Since then, Alfa has grown to offer an excellent array of insurance coverages including life, property and automobile to its clients and has also become known for superior customer service. Alfa and its affiliates now provide insurance and other financial services to more than 1 million customers in 11 states. KELLY S NAILS Lease is personally signed This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. Kelly s Nails is a specialty beauty salon establishment offering skin and nail care services such as manicures, pedicures, acrylic overlays, UV gel overlays, nail art, eyelash extensions, and waxing. Nails & Spa s high-end services and accommodations make for an ideal spot for local relaxation and pampering. 18

Tenant Overview BAMA FEVER TIGER PRIDE Lease signed by: Dixie Pride, Inc, an Alabama limited liability company Shop Bama Fever for the best selection of Alabama merchandise for men and women, Alabama game day apparel, Alabama football T-Shirts, Alabama comfort color shirts and Iron Bowl shirts. Shop Tiger Pride for the best selection of Auburn Merchandise, Auburn Gameday Apparel, Auburn Football T-Shirts, Auburn Comfort Color Shirts and Iron Bowl Shirts. They have stores in Tuscaloosa, Birmingham, Dothan, Hoover, Mobile, Montgomery, Oxford, Prattville and Trussville. URBAN COOKHOUSE Lease signed by: UC Eastchase, LLC, a South Carolina limited liability company Urban Cookhouse is a quick serve salad, sandwich, and wrap restaurant. Urban Cookhouse prides themselves on using the freshest ingredients available with an emphasis on supporting the local farmer. Currently there are a total of 13 locations throughout South Carolina, North Carolina, Alabama, Tennessee, and Georgia. SPLURGE Lease signed by: Splurge, LLC a 1-unit guaranty This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. Splurge Boutique is a small boutique offering fashion apparel aimed at women and girls ages 15 40. They currently have one location in Montgomery, AL. They offer high quality products at affordable prices averaging around $40 an item. 19

Demographics BIRMINGHAM (1 HR 23 MINS) POPULATION 1-MILE 3-MILES 5-MILES 2010 4,679 38,107 84,527 2017 4,848 38,866 87,667 2022 4,932 39,475 89,288 MONTGOMERY 2017 HH INCOME 1-MILE 3-MILES 5-MILES Average $126,879 $106,550 $88,075 Median $89,308 $76,616 $64,009 TOP EMPLOYERS EMPLOYER # OF EMPLOYEES Maxwell Gunter Air Force Base 12,280 State of Alabama 11,639 Montgomery Public Schools 4,524 Baptist Health 4,300 Hyundai Motor Manufacturing 3,100 THE AVERAGE HOUSEHOLD INCOME WITHIN A 3-MILE RADIUS IS OVER $106K This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 20

Location Overview MONTGOMERY, AL MONTGOMERY is the capital of the U.S. state of Alabama and is the county seat of Montgomery County. Named for Richard Montgomery, it is located on the Alabama River, in the Gulf Coastal Plain. Montgomery is the second-largest city in Alabama, after Birmingham, and the Montgomery Metropolitan Statistical Area is the fourth-largest in the state. EDUCATION Montgomery is home to Alabama State University, which enrolls over 5,600 students from 42 U.S. states and 7 countries. Troy University maintains a 3,000 student population campus in downtown Montgomery that houses the Rosa Parks Library and Museum. Auburn University at Montgomery is located in the eastern part of the city and has a total enrollment of about 4,900. Montgomery s Baptist Medical Center South also hosts a branch of the University of Alabama Birmingham medical school on its campus on the Eastern Boulevard. ECONOMY Due to its location along the Alabama River and extensive rail connections, Montgomery has and continues to be a regional distribution hub for a wide range of industries. Since the late 20th century, the city has diversified its economy, achieving increased employment in sectors such as healthcare, business, government, and manufacturing. Today, the city s Gross Metropolitan Product is $12.15 billion, representing 8.7% of the gross state product of Alabama. 382,918 MONTGOMERY POPULATION (ESTIMATED) This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 21

We d love to hear from you. DAVE LUCAS dlucas@capitalpacific.com PH: 415.274.7390 CA BRE# 01389761 JOE CACCAMO jcaccamo@capitalpacific.com PH: 415.274.7394 CA BRE# 01191110 CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM: ZEB RIPPLE JOHN ANDREINI ZANDY SMITH JACK NAVARRA CHRIS KOSTANECKI JOE CACCAMO RICK SANNER CHRIS PETERS DAVE LUCAS AARON SUSMAN This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.