VALUE-ADD OPPORTUNITY WITH SIGNIFICANT RENTAL UPSIDE:

• Compelling mark-to-market opportunity with in-place rents averaging just $14.96 PSF, well below prevailing market rates of $30+ PSF (1st-floor retail), $20+ PSF (2nd-floor retail), and $50+ PSF for executive office suites.
• 38% of GLA has no renewal options, creating near-term upside through lease-up and rent resets at market rates.
• Short 2.4-year WALT provides investors with the ability to rapidly capture rental growth and reposition the tenancy.
• The property is 88.5% occupied, with remaining vacancy intentionally curated to support a comprehensive renovation strategy.
• Ownership has strategically held select office suites vacant to allow for uninterrupted upgrades and repositioning.
• Renovations are underway with a clear objective of pushing office rents to $50+ PSF, driving meaningful NOI growth.
• Remaining vacancy represents immediate upside through lease-up at materially higher rental rates upon completion.

ATTRACTIVE DEAL METRICS & REDEVELOPMENT OPTIONALITY:

• 76% of GLA leased on a NNN basis, minimizing landlord responsibilities and enhancing net cash flow.
• Large ±130,718 SF center situated on ±8.72 acres, offering substantial leasing flexibility and long-term redevelopment potential.
• Approximately 66% of GLA rolls by 2027, providing a near-term window to execute the value-add business plan.
• Limited competing vacancy in the surrounding submarket further supports lease-up velocity and rent growth.
• Potential to carve out and sell the Outback Steakhouse as a single-tenant net-lease (STNL) asset, capitalizing on its long operating history and strong brand recognition.
• Medical building parcel sale optionality, providing the ability to sell the building to an owner-user or re-lease the space to another medical tenant at market rates, creating multiple exit and income strategies.

DURABLE TENANCY WITH LONG-STANDING NATIONAL ANCHOR:

• Anchored by Outback Steakhouse, operating at this location since 1991 (34+ years), demonstrating long-term site viability.
• Diversified mix of retail, medical, and office tenants supports consistent foot traffic, cross-use demand, and income durability.