4311-4319 HEATHERDOWNS BLVD Toledo OH 43614

Property Highlights

• 100% Occupied 19,000 SF Neighborhood Center

• Anchored by The Distillery who Occupies 7,500 SF, Accounting for 39.5% of the GLA

• Strong History of Occupancy with 78.9% of the GLA Operating at the Site for Nearly 20+ Years

• Operating at the site since 1994, The Distillery is a Toledo Mainstay Featuring Live Bands, Trivia Diverse Menu and Craft Beer

• Average Rent is $8.87, which is Below Market Offering Investors a Long-Term Value Add Opportunity to Increase Rents as Lease Rollover Occurs

• NNN Lease Structure Mitigating Expense Risk

• Attractive Lease Features such as Tenant Reimbursement for Management Fee and Capital Improvements if Shown as Depreciation Expense

• Internet Resistant Tenants Featuring Two Restaurants with Live Entertainment, Self Serve Laundry, Thrift Store with Donations to Pet Rescue

• Historically High Lease Up Rate as Limited Competition in Immediate Area with only Five Competing Neighborhood Centers in a 1 Mile Radius

• Recent Renovations Include: 5 HVAC Units; Major Maintenance Cleaning; Facade Painting; and Exterior Lighting

• Priced Below Replacement Cost at $94.74 with an Attractive Unleveraged, Year 1 Yield of 8.0%

Location Highlights

• Combined Traffic Counts Exceed 33,000 VPD

• Situated between Two Major Signalized Intersections of Heatherdowns Boulevard, Located at Eastgate Road and Key Street

• Within a 1-Mile Radius there are 28 Apartment Complexes, Totaling Nearly 2,000 Units, Driving Consumers to Heatherdowns-Key

• Dense Population with 162,079 People within a 5-Mile Radius

• Easily Accessible to Major Ohio Arteries such as the Ohio Turnpike and US-20 (Less than 2 Miles Away) along with I-475 (3 Miles Away)

• Other Nearby Attractions include Rolf Park in Maumee (1 Mile Away), which Features a Large Outdoor Pool, Waterpark, Numerous Baseball/Softball Fields, Playground and Picnic Areas