WILLINGBORO TOWN CENTER 4364 ROUTE 130 WILLINGBORO, NJ

WILLINGBORO TOWN CENTER 4364 ROUTE 130 WILLINGBORO, NJ

Executive Summary WILLINGBORO TOWN CENTER WILLINGBORO, NJ

The Offering Holliday Fenoglio Fowler, L.P. ( HFF ) has been retained to arrange the sale of Willingboro Town Center South (the Property ), a 29,246 SF retail center located in Willingboro, New Jersey. The offering represents an opportunity to acquire a premium retail center located on a major arterial roadway in a dense Southern New Jersey submarket. The Property serves a 3 mile trade area of 68,454 residents and has direct frontage on Burlington Pike, a heavily traveled thoroughfare with over 40,000 VPD. Its current occupancy of 93.7% is supported by a quality tenant roster of Ruby Tuesday, Hardee s, Verizon, Subway, and GNC. The Property is being offered free and clear of existing financing. Property Summary ADDRESS 4364 Route 130 Willingboro, NJ 08046 TOTAL LEASABLE AREA 29,246 SF NATIONAL RETAIL TENANTS Ruby Tuesday, Hardee s, Verizon, Subway, GNC, Hair Cuttery, Rita s TOTAL LAND AREA 4.01 acres OCCUPANCY 93.7% PARKING COUNT/RATIO 234 surface parking spaces 8.00 per 1,000 square feet YEAR BUILT 2006 OFFERING Free & Clear Willingboro Town Center Willingboro, NJ 3

Investment Highlights PREMIUM TENANT ROSTER WITH SERVICE FOCUS Willingboro Town Center South has a synergetic mix of nationally recognized tenants with a successful track record at the Property. Over 54% of the tenants have been operating at the Property since its development in 2006, and tenants that signed within the last five years are among the most notable names in retail, including Hardee s, Subway, Verizon, Hair Cuttery, GNC, and Rita s. In addition to tenant tenure and notoriety, their business lines are service-focused, which require physical customer traffic and will strengthen the Property s long-term performance. Of the 93.7% of occupied square footage at Willingboro, 68% of the space is dedicated to tenants with serviceoriented business lines. SUPERIOR MARKET POSITION Willingboro Town Center South resides on Burlington Pike (Route 130), a major arterial road which runs north-south for 84 miles on New Jersey s western boundary. With 40,822 VPD on Burlington Pike, and direct unhindered views to the retail tenants, the Property provides tenants ample advertising to consumers as its less than 150 feet from the road. The Property benefits from conspicuous pylon signs and convenient access to the local neighborhoods, with the Levitt and Van Sciver Parkway intersections on either side of the Property with above 9,000 VPD each. 130 BURLINGTON PK 4 Willingboro Town Center Willingboro, NJ

LEVITT PKWY Investment Highlights OPTIMAL DEMOGRAPHICS 1 Willingboro, New Jersey is a densely populated suburban market in Southern New Jersey with high income profiles. The Property services over 190,000 people within a 5-miles radius with average household incomes above $80,000. The immediate population within a 1-mile radius has over 11,000 people. With such a high concentration of people located within its immediate vicinity, the Property generates a constant flow 63of consumers to its tenants. 132 RADIUS 1 MILE 3 MILE 5 MILE Population 11,973513 68,454 190,185 Households 4,473 25,445 71,389 13 Median HH Income 70,600 75,740 95 80,215 NE PHILADELPHIA Median Age 39.2 37.4 40.9 BENSALEM BENSALEM BLVD BRISTOL PK 95 PA NJ 13 413 276 BURLINGTON BRISTOL BRIDGE 413 BRISTOL DELAWARE RIVER BRIDGE FLORENCE 130 BORDENTOWN RD 543 WILLINGBORO 630 543 BURLINGTON PK SALEM RD BURLINGTON 541 670 295 COOPERTOWN RD VAN SCIVER PKWY 130 543 DELRAN BRIDGEBORO ST JFK WAY 630 RANCOCAS RD CREEK RD 626 Willingboro Town Center Willingboro, 541NJ 5

CENTER OF GRAVITY - WILLINGBORO TOWN CENTER The Willingboro Town Center is the most prominent retail, office, and residential aggregation between Delran and Burlington. The greater Town Center consists of Acme Markets, CVS Pharmacy, and the Property s northern retail counterpart, anchored by Dollar Tree. The full site also includes a public 62,000 square foot library and over 85,000 square feet of multi-tenant office space, leased to notable tenants such as Penn Medicine, Strayer University, Burlington County College, and the State of New Jersey. In addition, Willingboro Town Center is within walking distance to Willingboro Square Apartments, a 2007 development which has over 200 walk-up apartment units. Coupled with an NJ transit bus terminal just behind the Property and a Park and Ride location just 500 feet away, the office and residential portions of Willingboro Town Center supply consistent demand to the Property while CVS and Acme pull consumers from the larger trade area. The complementary commercial uses make the Property an ideal location for the current tenants and further strengthens the Property s leasing capabilities. VAN SCIVER PKWY EXPRESS SCRIPTS STATE OF NEW JERSEY BURLINGTON COMMUNITY COLLEGE STRAYER UNIVERSITY 130 RETAIL WILLINGBORO PUBLIC LIBRARY WILLINGBORO SQUARE APARTMENTS BURLINGTON PK LEVITT PKWY 6 Willingboro Town Center Willingboro, NJ

Investment Highlights UPSIDE OPPORTUNITIES Many of the current tenants executed deals in 2009-2011, signing at rental rates much lower than the Property is capable of demanding. As their base terms and options expire, there will be an opportunity to significantly increase rental rates. There is also 1,850 square feet of available space with an ideal location on the site plan and superior frontage on Burlington Pike. HIGH QUALITY STRUCTURAL ASSET Current ownership developed the Property in 2006. The construction is of the finest quality and will require minimal capital investment from the landlord for the foreseeable future. With a stabilized occupancy of premium tenants, and minimal capital requirements, the Property will be able to generate secure, healthy cash returns. NATIONAL RETAIL TENANTS I TOWN CENTER DYNAMIC Willingboro Town Center Willingboro, NJ 7

EXCLUSIVE MARKETING ADVISORS If you have any questions or require additional information, please contact any of the individuals below. CHRIS MUNLEY JOSE CRUZ Managing Director Senior Managing Director T 484.532.4207 T 973.549.2011 cmunley@hfflp.com jcruz@hfflp.com MICHAEL DICOSIMO Real Estate Analyst T 484.532.4169 mdicosimo@hfflp.com FINANCING CONTACTS JAMES CONLEY RYAN ADE Managing Director Managing Director T 484.532.4208 T 484.532.4209 jdconley@hfflp.com rade@hfflp.com HFF Philadelphia Eight Tower Bridge 161 Washington Street Suite 925 Conshohocken, PA 19428 hfflp.com WILLINGBORO TOWN CENTER WILLINGBORO, NJ Holliday Fenoglio Fowler, L.P. ( HFF ) a New Jersey licensed real estate broker. 2015 HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF. HFF has been engaged by the owner of the property [properties] to market it [them] for sale. Information concerning the property [properties] described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.