ESSEX SQUARE ROUTE 17 AT ESSEX STREET LODI, NJ

ESSEX SQUARE ROUTE 17 AT ESSEX STREET LODI, NJ

ESSEX SQUARE LODI, NJ

The Offering Holliday Fenoglio Fowler, L.P. ( HFF ) has been retained to arrange the sale of Essex Square (the Property ), a 16,123 SF, 100% occupied retail center located on a highly trafficked intersection in Lodi, New Jersey, a dense submarket nine miles from New York City. The Property s excellent visibility and exceptional location has enabled it to attract quality, credit tenants, including Capital One, 7-Eleven, and MedExpress. Essex Square is being offered free and clear of existing financing, and represents an opportunity to acquire an established retail center with a premium tenant roster in one of the most attractive submarkets in New Jersey. Property Summary ADDRESS 184 Essex Street Lodi, NJ 07644 TOTAL AREA 16,123 SF TENANTS Capital One, MedExpress, 7-Eleven, Jimmy John s, Rita s TOTAL LAND AREA 1.37 acres OCCUPANCY 100% PARKING COUNT/RATIO 67 surface parking spaces 4.15 per 1,000 square feet YEAR BUILT 2007 OFFERING Free & Clear ESSEX SQUARE LODI, NJ 3

Investment Highlights OUTSTANDING TENANCY WITH LONG-TERM LEASES Essex Square caters to a tenant roster of premium tenants with long-term leases in place. The Capital One, MedExpress, and 7-Eleven leases are all corporately guaranteed and represent over 71% of the property square footage. With their high credit ratings, and remaining lease terms of 7 years and above, the Property will realize strong, secure cash returns. Furthermore, the remaining tenants have nationally recognized brands that draw considerable traffic to the center. TENANT SIZE % OF TOTAL EXPIRATION YEARS REMAINING CREDIT RATING MedExpress 5,074 31.5% Dec-23 8.4 Moody's: Ba3 1 Capital One 3,800 23.6% Feb-27 11.6 S&P: BBB+ 7-Eleven 2,580 16.0% May-22 6.8 S&P: AA- Muscle Maker Grill 1,274 7.9% Dec-24 9.4 - Jimmy John s 1,221 7.6% Jun-24 8.9 - Rita s 1,120 7.0% Oct-17 2.3 - Great Clips 1,027 6.4% Dec-19 4.4 - Total Leasable Area 16,096 Mech Room/Other 27 Gross Area 16,123 Avg. Weighted Lease Term 8.35 1 Most recent rating as of 5/2013 4 ESSEX SQUARE LODI, NJ

Investment Highlights ELMWOOD PARK 80 SADDLE BROOK 80 17 ESSEX SQUARE 46 21 HIGH DENSITY, HIGH INCOME DEMOGRAPHICS Lodi, New Jersey is a densely populated suburban market in Northern New Jersey with high income profiles. The Property services over 622,000 people LODI within a GARFIELD five-mile radius with a median age of 38.7 and an average household 46 income of $84,606. The immediate population within a 1-mile radius has nearly 32,000 people. With such a high residential concentration located within its immediate vicinity, the Property generates a constant flow of consumers to its tenants. RADIUS 1 MILE 3 MILE 5 MILE Population 31,816 219,132 622,327 Households 21 13,877 82,293 218,797 Avg. HH Income 81,135 84,316 84,606 Median Age 41.4 39.6 38.7 17 80 HACKENSACK ESSEX SQUARE LODI, NJ 5

NEW YORK CITY THE LEADING MSA IN THE UNITED STATES Essex Square is just nine miles west of New York City, and is part of the largest MSA in the nation with close to 20 million people and over 9 million jobs. Of the greater MSA, 42% of the jobs are located in New York City, which only accounts for 7% of the total MSA land area. With a direct arterial into New York City through Route 80, Essex Square s trade area is an ideal location for New York City s commuter population, which nearly doubles the population of Manhattan during working hours. MAJOR RETAIL CORRIDOR IN THE AFFLUENT BERGEN COUNTY Bergen County is the most populated county in New Jersey, with over 918,000 people. It is also known for its affluent population, with per capita incomes 20% higher than the state of New Jersey and over 53% higher than the US. Bergen County has also established itself as a regional shopping destination, with Route 17 and Route 4 being the most heavily retailed corridors in the county. The corridors intersect just 2.5 miles north of Essex Square and contains some of the most prominent retail properties and malls, including the Garden State Plaza, the Riverside Square Mall, Bergen Town Center, The Fashion Center, and Paramus Park Mall. 9 MILES TO NYC LARGEST MSA 20 MILLION PEOPLE 9 MILLION JOBS 42% OF JOBS LOCATED IN NYC 6 ESSEX SQUARE LODI, NJ

Investment Highlights SUPERIOR MARKET POSITION Essex Square is an ideal location for retailers due to its location, visibility, and parking. The Property resides on the hard corner of Essex Street and a Route 17 exit ramp. Route 17 has over 104,000 VPD which have direct views of the Property and Capital One s signage can be seen from the heavily traveled Route 80. The Property structure is located 60 feet from Essex Street, and offers direct, unhindered visibility to tenant spaces. Coupled with the 25,000 VPD on Essex Street, the Property is able to display ample advertising for its tenants. Essex Square also benefits from the consumers visiting the larger, adjoining retail aggregation which includes National Wholesale Liquidators, Home Depot, and a variety of high performing inline retailers. HIGH QUALITY ASSET AT AN INFILL LOCATION Essex Square was developed in 2007 and has high quality finishes and a layout that maximizes visibility for its tenant. Pylons and tenant signs are clearly visible, and the Property has the best display for visibility, beating out the competition on Essex Street. Additionally, there is limited developable land within the dense trade area, poising the property for significant rent growth as market fundamentals improve. With limited need for capital improvement, a full tenant roster, and upward rental rate trends, Essex Square ia positioned to maintain profitable cash flows for investors. ESSEX SQUARE ESSEX STREET 17 80 17 ESSEX SQUARE LODI, NJ 7

Exclusive Marketing Advisors ESSEX SQUARE CHRIS MUNLEY JOSE CRUZ Managing Director Senior Managing Director T 484.532.4207 T 973.549.2011 cmunley@hfflp.com jcruz@hfflp.com HFF Philadelphia Eight Tower Bridge 161 Washington Street Suite 925 Conshohocken, PA 19428 hfflp.com MICHAEL DICOSIMO KEVIN O HEARN Real Estate Analyst Managing Director T 484.532.4169 T 973.549.2018 mdicosimo@hfflp.com kohearn@hfflp.com FINANCING CONTACTS RYAN ADE TOM DIDIO Managing Director Senior Managing Director T 484.532.4209 T 973.549.2008 rade@hfflp.com tdidio@hfflp.com