1200 S Waldron Rd, Fort Smith, AR 72903

Strong National & Regional Tenant Lineup

•Approximately 79% of leased GLA and 89% of rental revenue are generated by national and regional tenants

•Malco Theatres is a top 10 performer compared to Theatres across the state (placer.ai)

Sticky Tenancy & Long-Term Anchor Commitment

•Malco Theatres has occupied the center for over 25 years and recently executed a 10-year lease extension through 2035

•Malco is investing $2,000,000 in interior renovations, reinforcing long-term confidence in the asset and trade area

High Occupancy with Embedded Upside

•92% occupied with approximately 14,933 SF of vacancy, offering value-add lease-up potential at market rents

•Ability to mark-to-market select below-market leases and improve NOI through modest leasing execution

Well-Balanced, Internet-Resistant Tenant Mix

•Tenant mix heavily weighted toward value retail, service, health, and entertainment uses, driving repeat visitation

•Limited exposure to discretionary or e-commerce-vulnerable tenancy

Attractive Yield Profile with Lender Support

•In-place cash flow offers a compelling yield relative to fixed-income alternatives

•Lenders are actively underwriting the asset at 60–65% leverage, supporting positive leverage and flexible capital structures