SHOPS AT EASTCHASEMONTGOMERY, AL

HIGH QUALITY, NEW CONSTRUCTION STRIP RETAIL CENTER IN THE TOP RETAIL SUBMARKET IN MONTGOMERY, AL WITH LIMITED STRIP RETAIL COMPETITION.

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SHOPS AT EASTCHASE

7.21%CAP

$4,730,000PRICE

7700 EASTCHASE PKWY, MONTGOMERY, AL 36117

Average household incomes in a 1-mile exceed $126k

Located 1.5 miles from Auburn University at Montgomery

Located in the main retail trade area of Montgomery

Upside in lease-up of vacant space

Very little retail vacancy in the immediate area

Tenants benefit from hotel patrons in the immediate area

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

LEASABLE SF16,016 SF

OCCUPANCY84.39%

LAND AREA2.00 AC

PRICE/SF$295

YEAR BUILT2014

PARKING109 SPACES; 6.8/1,000 SF

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Overview

THE OFFERING provides an opportunity to acquire a multi-tenant asset situated in the main retail trade area in Montgomery. The center is 85% leased allowing an investor to achieve a 8.14%+ cap rate through lease-up of the vacant space. The tenant roster has a diverse mix of “amazon proof“ tenants with significant term left on leases.

THE SUBJECT PROPERTY is strategically located just off Highway 80 (45,850 ADT), within the primary retail trade area of Montgomery. Average household incomes in a 1-mile radius of the subject property exceed $126,000. The tenants in the center benefit from the traffic of hotel patrons at the four hotels located in the immediate area. The center is within a five minute drive to Auburn University at Montgomery. National big box retailers in the area include Target, Kirkland’s, HomeGoods, Marshalls, Ross, Kohl’s, PetSmart, DICK’s, Hobby Lobby, Costco, Michaels, Pier 1 Imports, and Dillard’s. The subject property benefits from the draw to the area provided by these strong national retailers.

Contact the team

TENANTS BENEFIT FROM HOTEL PATRONS IN THE IMMEDIATE AREA

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

DAVE LUCASdlucas@capitalpacific.comPH: 415.274.7390CA BRE# 01389761

JOE CACCAMOjcaccamo@capitalpacific.comPH: 415.274.7394CA BRE# 01191110

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Investment Highlights

8585

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85EASTCHASE

PARKWAYTAYLO

R ROA

D

EAST

ERN

BO

ULE

VARD

ATLANTA HIGHWAY

231

231

TAYLOR RO

AD231

ARROWHEAD COUNTRY

CLUB

WYNLAKES GOLF AND COUNTRY

CLUB

BAPTIST MEDICAL

CENTER EAST

DOZIER ELEMENTARY

SAINT JAMES

SCHOOL

MONTGOMERY MUSEUM OF

FINE ARTS

WILLIAM SILAS

GARRETT ELEMENTARY

WARES FERRY ROAD ELEMENTARY

MONTGOMERY

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

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37,730 VPD

54,920 VPD

46,780 VPD

45,850 VPD

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Zoomed-Out Aerial

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ATLANTA HIGHWAY

TAYL

OR RO

AD

VAUGHN ROAD

KEY HIGH VACANCY MARKET VACANCY LOW VACANCY

ATLANTA HIGHWAY

MONTGOMERY

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

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Vacancy Map

231

231

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“The Eastchase submarket is the strongest retail submarket in Montgomery with almost no va-cancy. If you are a tenant looking for a new site in the Montgomery MSA, you want to be on East-chase as evidenced by the solid lineup of credit tenants in the submarket.” —Dave Lucas

85EASTCHASE PARKWAY EASTCHASE

PARKWAY

TAYLOR RO

AD

TAYL

OR

ROAD

BERR

YHIL

L RO

AD

AMRIDGE UNIVERSITY

HALCYON ELEMENTARY

MONTGOMERY

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37,730 VPD

45,850 VPD

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

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Zoomed-In Aerial

AUBURN UNIVERSITY AT MONTGOMERY (AUM) is a public university located in Montgomery, Alabama. It is governed by the Auburn University Board of Trustees. AUM offers programs of study leading to bachelor’s, master’s, and specialist degrees in business, education, liberal arts, nursing, and sciences. As of 2017, the university enrolls almost 5,000. In January 2007, the university moved toward branding itself as Auburn Montgomery.AUM’s College of Business ranks in the top 5% of business schools in the world, as accredited by The Association to Advance Collegiate Schools of Business International, and was rated a “Best Business School” by The Princeton Review.

STATISTICS

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

TOTAL STUDENT ENROLLMMENT BY CLASSUndergraduates: 4,273Graduates: 605TOTAL: 4,878

FACULTY AND STAFFFull-Time: 191Part-Time: 155TOTAL: 346

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Auburn University at Montgomery

Custom Map

Source: ©2017 Esri.

October 31, 2017

©2017 Esri Page 1 of 1

Bed Bath & BeyondChick-fil-ACost Plus World Market CostcoDICK’s Sporting Goods Dillard’s

Hobby Lobby Kohl’sMichael’sPetSmartPier 1 ImportsRoss Dress for Less

StarbucksTargetVerizonWalmart Supercenter Whole Foods Market

BUSINESS SUMMARY

KEY 1-MILE 3-MILES 5-MILES

Businesses 391 1,938 4,065

Employees 4,824 24,129 51,833

Residential Population 4,848 38,866 87,667

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Submarket Overview

RETAILERS IN CLOSE PROXIMITY INCLUDE:

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Subject Property

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Neighboring Retail

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

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Retail Aerial

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 13

Income & Expense

Vacancy Factor (4% of EGI) $0 ($25,109)

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Rent Roll

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This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

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Reimbursement Schedule

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SELAS DRIVE

SELAS DRIVE

SELA

S D

RIV

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AVA

ILA

BLE

2,

500

SF

EASTCHASE PARKWAY

EASTCHASE PARKWAYEAST

CH

ASE

LA

NE

16This site plan is a rendering that has been created based on sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

109SPACES

16,000RENTABLE SF

2.00ACRES

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Site Plan

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 17

Vacant Suite Floor Plan

FLOOR PLAN REFLECTED CEILING PLAN

Little Donkey Taqueria is a classic Mexican restaurant that serves a large variety of Mexican food and beer, wine and cocktails. Currently they have five locations across Alabama, West Virginia, and Tennessee.

LITTLE DONKEYLease signed by: Little Donkey Montgomery, LLC, a 1-unit guaranty

As an outgrowth of the Alabama Farmers Federation, Alfa Insurance Companies began in 1946 to provide quality fire insurance to federation members, who were primarily farmers. Since then, Alfa has grown to offer an excellent array of insurance coverages including life, property and automobile to its clients and has also become known for superior customer service. Alfa and its affiliates now provide insurance and other financial services to more than 1 million customers in 11 states.

ALFA INSURANCELease signed by: Alfa Mutual Insurance Company,

an Alabama company

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Kelly’s Nails is a specialty beauty salon establishment offering skin and nail care services such as manicures, pedicures, acrylic overlays, UV gel overlays, nail art, eyelash extensions, and waxing. Nails & Spa’s high-end services and accommodations make for an ideal spot for local relaxation and pampering.

KELLY’S NAILSLease is personally signed

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Tenant Overview

Shop Bama Fever for the best selection of Alabama merchandise for men and women, Alabama game day apparel, Alabama football T-Shirts, Alabama comfort color shirts and Iron Bowl shirts. Shop Tiger Pride for the best selection of Auburn Merchandise, Auburn Gameday Apparel, Auburn Football T-Shirts, Auburn Comfort Color Shirts and Iron Bowl Shirts. They have stores in Tuscaloosa, Birmingham, Dothan, Hoover, Mobile, Montgomery, Oxford, Prattville and Trussville.

BAMA FEVER TIGER PRIDELease signed by: Dixie Pride, Inc, an Alabama limited liability company

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Urban Cookhouse is a quick serve salad, sandwich, and wrap restaurant. Urban Cookhouse prides themselves on using the freshest ingredients available with an emphasis on supporting the local farmer. Currently there are a total of 13 locations throughout South Carolina, North Carolina, Alabama, Tennessee, and Georgia.

URBAN COOKHOUSELease signed by: UC Eastchase, LLC,

a South Carolina limited liability company

Splurge Boutique is a small boutique offering fashion apparel aimed at women and girls ages 15 – 40. They currently have one location in Montgomery, AL. They offer high quality products at affordable prices averaging around $40 an item.

SPLURGELease signed by: Splurge, LLCa 1-unit guaranty

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Tenant Overview

POPULATION

1-MILE 3-MILES 5-MILES

2010 4,679 38,107 84,527

2017 4,848 38,866 87,667

2022 4,932 39,475 89,288

2017 HH INCOME

1-MILE 3-MILES 5-MILES

Average $126,879 $106,550 $88,075

Median $89,308 $76,616 $64,009

TOP EMPLOYERS

EMPLOYER # OF EMPLOYEES

Maxwell Gunter Air Force Base 12,280

State of Alabama 11,639

Montgomery Public Schools 4,524

Baptist Health 4,300

Hyundai Motor Manufacturing 3,100

MONTGOMERY

BIRMINGHAM (1 HR 23 MINS)

THE AVERAGE HOUSEHOLD INCOME WITHIN A 3-MILE RADIUS

IS OVER $106K

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

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Demographics

MONTGOMERY, AL

MONTGOMERY is the capital of the U.S. state of Alabama and is the county seat of Montgomery County. Named for Richard Montgomery, it is located on the Alabama River, in the Gulf Coastal Plain. Montgomery is the second-largest city in Alabama, after Birmingham, and the Montgomery Metropolitan Statistical Area is the fourth-largest in the state.

Due to its location along the Alabama River and extensive rail connections, Montgomery has and continues to be

a regional distribution hub for a wide range of industries. Since the late 20th century, the city has diversified its economy, achieving increased employment in sectors such as healthcare, business, government, and manufacturing. Today, the city’s Gross Metropolitan Product is $12.15 billion, representing 8.7% of the gross state product of Alabama.

ECONOMY

382,918

MONTGOMERY POPULATION (ESTIMATED)

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Montgomery is home to Alabama State University, which enrolls over 5,600 students from 42 U.S. states and 7

countries. Troy University maintains a 3,000 student population campus in downtown Montgomery that houses the Rosa Parks Library and Museum. Auburn University at Montgomery is located in the eastern part of the city and has a total enrollment of about 4,900. Montgomery’s Baptist Medical Center South also hosts a branch of the University of Alabama Birmingham medical school on its campus on the Eastern Boulevard.

EDUCATION

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Location Overview

We’d love to hearfrom you.

CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM:

DAVE LUCASdlucas@capitalpacific.comPH: 415.274.7390CA BRE# 01389761

JOE CACCAMOjcaccamo@capitalpacific.comPH: 415.274.7394CA BRE# 01191110

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

JOE CACCAMOJOHN ANDREINI

ZANDY SMITH

DAVE LUCAS

RICK SANNER AARON SUSMAN

CHRIS KOSTANECKIZEB RIPPLE CHRIS PETERS

JACK NAVARRA

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