PROMENADE AT CAROLINA RESERVE

PROMENADE AT CAROLINA RESERVE

OFFERING SUMMARY | SEPTEMBER 2021

C H A R L O T T E M S A

OPPORTUNITY OVERVIEW

2 | OFFERING SUMMARY | JLL

ADDRESSUS 521 AT JIM WILSON RD INDIAN LAND, SC 29707

MULTI-TENANTSQUARE FEET255,868 SF

4,000 SF 3,000 SF4,000 SF

4,500 SF6,910 SF

NOI INC. OUTPARCELS~$4,158,000

NOI EXC. OUTPARCELS~$3,543,000

SINGLE-TENANTSQUARE FEET22,410 SF

PREMIER ANCHOR TENANT LINE UP

SINGLE-TENANT OUTPARCELS - AVAILABLE ALL TOGETHER OR ON A “ONE-OFF-BASIS”

OCCUPANCY100%

YEAR BUILT2018


INVESTMENT HIGHLIGHTS

Fast Growing Charlotte MSA

Affluent Submarket with Proximity to Key Economic Hubs

Surrounded by Explosive Home & Population Growth

Super-Regional Shopping Center with Enormous Drawing Power

Best-In-Class, High-Performing Tenant Line Up

Charlotte by the Numbers

Accolades & Rankings

Top Employers

Population 10-Year Population Growth YOY Job Growth

Fastest Population Increase Projection

United Nations

Growth in STEM Based Jobs

RCLO

Best States For Business

Forbes

Hottest Real Estate MarketRealtor.com

Best Real Estate Prospects

ULI & PWC

Best City to Start a BusinessWalletHub

Unemployment Rate(10.1% decrease since May 2020)

2.68M 17.2% 33,700

No. 1No. 1No. 1

No. 3 No. 5No. 6

4.9%

Fortune 500 & 1000 Companies with Headquarters in Charlotte

EMPLOYER NUMBER OF EMPLOYEES

Atrium Health 35,700Wells Fargo 25,100Walmart 16,100Bank of America 15,000American Airlines 11,000

(#29 Fortune 500) (#31 Fortune 500)

(#77 Fortune 500) (#120 Fortune 500) (#126 Fortune 500)

(#316 Fortune 500) (#342 Fortune 500) (#511 Fortune 1,000)

(#500 Fortune 1,000) (#563 Fortune 1,000) (#590 Fortune 1,000)

(#876 Fortune 1,000)

(#24 Fortune 500)

Charlotte MSA - Robust Market Growth



Char

lott

e Hw

y.Ch

arlo

tte

Hwy.

20- M

ile R

adiu

s20

- Mile

Rad

ius

Firethorne Firethorne Country ClubCountry Club

Ballantyne Ballantyne Country ClubCountry Club

TPC Piper TPC Piper GlentGlent

Carmel Carmel Country ClubCountry Club

Quail HollowQuail Hollow

Myers ParkMyers Park

Raintree Raintree Country ClubCountry Club

Cedarwood Cedarwood Country ClubCountry Club

Springfield Springfield Golf ClubGolf Club

The Club at The Club at LongviewLongview

Providence Providence Country ClubCountry Club

Carolina Lakes Carolina Lakes Golf ClubGolf Club

DowntownDowntownCharlotteCharlotte

DowntownDowntownRock Hill, SCRock Hill, SC

DowntownDowntownRock Hill, SCRock Hill, SC10 Miles West10 Miles West

Gastonia, NCGastonia, NC

Fort MillFort MillIndian LandIndian Land

MatthewsMatthews

South ParkSouth Park

BallantyneBallantyne

Lake NormanLake Norman

Lake WylieLake Wylie

Lake WylieLake Wylie

Charlotte Douglas Charlotte Douglas International AirportInternational Airport South EndSouth End

Promenade at Carolina Reserve

Proximity to Economic Hubs & Affluent Submarket

Proximity to Ballantyne & Rock Hill Employment Hubs

Location Map

Class A Office SF Fortune 500 Companies

Multi-Family Units & Single-Family Homes

4M+ 35 5,000+

Affluent Customer Base & Country Club Communities

Demographics Summary

Private / Semi-Private Country Clubs within 15 miles of the Property

Avg. Household Income: 5-Mile Radius

11+$136K

1 MILE 3 MILE 5 MILEPOPULATION

2021 Estimate 4,810 24,067 62,740

2026 Estimate 5,914 29,457 73,314

5 yr. Growth Est. 23% 22% 17%AVERAGE HOUSEHOLD INCOME

2021 Estimate $108,935 $118,045 $135,965BACHELOR’S DEGREE OR HIGHER

2021 Estimate 54% 51% 54%

The Property’s strategic location just over the South Carolina border serves as an optimal retirement destination, as residents benefit from close proximity to Charlotte, and South Carolina does not tax Social Security & only partially taxes pension income.


Surrounded by Explosive Population & Home Growth

Charlotte Hwy. - 15,000 VPD

Charlotte Hwy. - 15,000 VPD

Charlotte Hwy. - 15,000 VPDCharlotte Hwy. - 15,000 VPD


Retirement Community294 Units - Proposed


CrossRidge Corporate Center• 120,000 SF Office• Under Construction• 1.75 Mi. North

Retirement Community130 Units - Under Construction

Retirement Community107 Units - Built 2020

582 Homes

Carolina Lakes Golf Club 3,000+ Homes

18 Hole Golf Course

103 Homes

372 Homes

252 Homes

383 Homes (Planned Construction)

2,300 - 2,400 Homes(Recently Built /

Under Construction)

2,000 Homes (Recently Built / Under Construction)

Retirement Community130 Units - Under Construction

Retirement Community107 Units - Built 2020

Recently Developed / Under Construction homes (3.5 mile radius)

2021-2026 Projected Population Growth (3 mile radius)

Avg. Home Value (5 mile radius)

12,000+

22%+

$407K


Super-Regional Retail Center with Enormous Drawing PowerPROMENADE AT CAROLINA RESERVE - PLACER A.I. STATS TRADE AREA MAP (CUSTOMERS VISITS BY HOME LOCATION)

#1 MOST TRAFFICKED RETAIL CENTER IN A 5 MILE RADIUS

2.27M ANNUAL VISITORS

50-MILE RADIUS

50-MILE RADIUS

50+ MILE TRADE AREA ACCESSING

OVER 305K CUSTOMERS

PROMENADE AT CAROLINA RESERVE PLACER A.I. RANKINGS - CUSTOMER VISITS

Ranking Overview - Category: Shopping Centers

Data provided by Placer Labs Inc. (www.placer.ai)

United States South Carolina Local (30 mi)

Promenade at Carolina Reserve / US 521 at Jim Wilson Rd

4,038 / 31,965

87%

63 / 570

89%

27 / 257

90%





4,038 / 31,965

87%

63 / 570

89%

27 / 257

90%





4,038 / 31,965

87%

63 / 570

89%

27 / 257

90%

Top 87%

of Centers

in U.S.


Best-in-Class Tenant Line-Up & Secure Income Stream

Opening 30-50 stores annually

Moody’s: A2 Moody’s: A2

$2B+ in Liquidity

Moody’s: A2

Raised $940M in IPO Jan-21

S&P: BBB

S&P: BB+

Diverse & Secure Income Stream Strong Credit - Investment Grade Tenancy

Significant Term Remaining

No single tenant accounts for more than 11% of the overall income

of base rent is represented by an anchor tenant

of GLA is represented by an anchor tenant

Average Term Remaining for Outparcels

Weighted Avg. Term Remaining for All Tenants

47%71%

13.6 Yrs.8+ Yrs.

$4% ULTA

5% TJ Maxx

11% Burlington

9% Hobby Lobby

5% Ross Dress for Less

5% HomeGoods

6% Petco

3% Dollar Tree

% of Income



OP 1A

OP 1B

OP 2AOP 2B OP 3

OP 4B

OP 6A OP 6BOP 7

OP 8

OP 9

OP 10

OP 11Available

In Lease Beegotiations

2,40

0 SF

U.S. Hwy 521 (Charlotte Hwy) - 15,000 VPD

Jim W

ilson Rd. - 5,500 VPD

OP 10

OP 07

OP 09

OP 05OP 4B

OP 4AOP 03

OP 11Under Contract

OP 1Aunowned

OP 08

OP 1B

OP 2B

100 102

104

106

108

100 10

410

611

0

102

104

106

108

110

100

unowned

unowned

High-Performing Tenancy & Strong Property Fundamentals

Not Included Optional

Separate ParcelsDrive-Thru Lane

Drive-Thru Lane

Aldi Grocery-Anchor

93% of the Income represents a National

or Regional Brand

The five (5) Single-Tenant Outparcels & Multi-Tenant Outparcel Buildings are separately parceled, providing optionality to future

ownership.

Two (2) Signalized

Access Points

Prominent Pylon

Signage

Copyright @ Jones Lang LaSalle IP, Inc. 2021. This presentation has been prepared solely for informational purposes. The presentation is confidential and may not be reproduced. The contents of this presentation are not to be construed as legal, accounting, business or tax advice.The information contained herein is proprietary and confidential and may contain commercial or financial information, trade secrets and/or intellectual property of JLL and/or its affiliates. Although the information used in this presentation was taken from sources believed to be reliable, there is no representation, warranty or endorsement (expressed or implied) made as to the accuracy, reliability, adequacy or completeness of any information or analysis contained herein. JLL expressly disclaims any and all liability that may be based on such information, errors therein or omissions there from. Certain information in this presentation constitutes forward-looking statements. Due to various risks, uncertainties and assumptions made in our analysis, actual events or results or the actual performance of the types of financing and values covered by this presentation may differ materially from those described. The information herein reflects our current views only, are subject to change, and are not intended to be promissory or relied upon. Any opinion or estimate of value of any asset in this presentation is based upon the high-level preliminary review by JLL. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. JLL expressly disclaims any liability for any reliance on any opinion or estimate of value in this presentation by any party.

INVESTMENT ADVISORSJIM HAMILTONSr. Managing [email protected]

PRODUCTION SUPPORTANDREW [email protected]

FINANCING ADVISORSTRAVIS ANDERSONSr. Managing [email protected]

TOM KOLARCZYKSr. [email protected]

BRAD BUCHANANSr. [email protected]

RYAN EKLUNDDirector - Net [email protected]

TAYLOR [email protected]

JOHN [email protected]

JOHN [email protected]

ANDREW [email protected]

ANTON SERAFINIProduction [email protected]

PLEASE CONTACT US FOR MORE INFORMATION:

PROMENADE AT CAROLINA RESERVE

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