OUR LEASE EXTENSIONS & TWO NEW LEASES WITHIN THE LAST 18 MONTHS

• 29.93% of the GLA signed lease extensions in the last 18 months, two tenants signed 7-year extensions (Carniceria [local Latin grocer] & Alison Event Venue) and two tenants signed 5-year extensions (Panaderia Celestial & Western States Driving School). Each of these extensions includes annual rental increases
• Planet Fitness and Cricket Wireless signed for a combined 16,375 SF, bringing the subject property to 100% occupancy

STRONG HISTORICAL OCCUPANCY

• Family Dollar has been at the center for almost 15 years
• Five tenants have been at the center for over 10 years, accounting for 38.00% of the GLA
• 61.71% of the GLA has been occupied for over five years
• Rent roll averages 9.02 years of occupancy at the center

RECENT REMODEL WITH OVER $1MM SPENT ON CAPITAL IMPROVEMENTS

• New Roofs with warranty through December 2039
• Planet Fitness to install all new HVAC units at their costs
• Two new HVAC Units replaced for Allison Event Center & the Carniceria (local Latin grocer)
• New painting and sign upgrades

AT OR BELOW MARKET RENTS – ONLY 2 TENANTS HAVE FIXED RATE OPTIONS

• Average In Place Rent is Only $11.75 per Square Foot