Peninsula Town Center Buildings L&M and Building J

Executive Summary:

Buildings L&M- (the “Properties”) are 92% leased retail strip centers located within the high-profile Peninsula Town Center lifestyle development. Positioned along the primary thoroughfare to the Town Center and adjacent to Target, the Properties benefit from excellent visibility, easy access, and ample surface parking. The Properties food & beverage tenants make up 96% of the occupied SF and average an impressive $690/SF in sales. Furthermore, the Properties average tenant tenure is over 10 years creating a stable cash flow with value-add opportunities.

Building J- (the “Property”) is a fully leased retail strip center located in the high-profile Peninsula Town Center lifestyle development. Situated directly at the primary entrance to the Town Center and adjacent to Target, the Property benefits from excellent visibility, easy access, and dedicated surface parking. Over 83% of the Property’s revenues come from national and regional credit tenants with an incredible 12 years of average tenure providing stable cash flow for years to come.

Investment Highlights:

Buildings L&M- 

• 50% of Revenue Comes from National Credit Tenants
• Over 10 Years of Weighted Average Tenure
• Upside including Vacant Lease Up and Significantly Rising Tenant Sales with % Rent
• CAGR of 4.5% Over 5 years
• Dominant Shopping Center - 98th Percentile Visitor Traffic in VA & Nationwide

Building J-

• 83% of Revenue Comes from National & Regional Credit Tenants
• 12 Years of Weighted Average Tenure
• Upside in Mark-to-Market Rent & Lease Structures
• Located at Primary Signalized Entrance to Dominant Shopping Center
• Dominant Shopping Center - 98th Percentile Visitor Traffic in VA & Nationwide