9229 LAWYERS RD Mint Hill NC 28227-5132

Affluent Population | Charlotte MSA | Proximity to Uptown, SouthPark, & Matthews

• There are nearly 70,000 residents within a 3-mile radius of the center which has increased over 5% since 2020. The 1-mile radius population has an average household income of $113,670.

• Lawyers Square is a 20-minute drive from Uptown Charlotte, home to 18 companies on the Fortune 500/1000 list and an employment base that has added over 46,000 jobs since 2020. Additionally, the center is a 22-minute drive from SouthPark, home to SouthPark Mall and over 5.6M SF of office space, and a 12-minute drive from Matthews, a rapidly growing Charlotte suburb.

Durable Income Stream | 4+% CAGR

• The rent roll currently has a net effective rent of $13.47 PSF providing an investor a durable income stream with ample upside.

• The 10-Year CAGR of 4.14% allows a new investor significant opportunities to grow the income stream.

Hard Corner of Well-Trafficked Signalized Intersection

• The center is strategically positioned at the signalized intersection of Lawyers Rd and Wilson Grove Rd which observes 35,000 combined vehicles per day.

Strong YoY Foot Traffic Growth

• Lawyers Square has received 760,000 visits over the prior 12 months which is a 6.3% increase from the previous 12-month period. Additionally, it ranks in the 75th percentile nationally for foot traffic among all convenience/strip centers (data from Placer.ai).

Seasoned Tenant Tenure | Mark-to-Market Opportunities

• The weighted average lease tenure at the center is 12+ years with 46% of the GLA expiring within five years with no fixed options at below market rates. The in-place net effective rent of tenant’s expiring within 5 years is $14.50 PSF with a market net effective rent of $19.25 PSF.

Recent Capital Upgrades

• Current Ownership repainted the center and replaced multiple HVAC units during their hold period, limiting the amount of CapEx required for a new investor.