1485 Carl D Silver Parkway, Fredericksburg, VA 22401

Stabilized strip center with a healthy weighted average lease term and passive lease structure

• At 100% occupancy, the center has a weighted average lease term of 6.3 years, with the nearest lease expiration not occurring until 2029, providing relatively hands-off management in the early stages of ownership
• All tenants are on triple-net lease structures, reimbursing for their pro rata share of common area maintenance, taxes, and insurance
• Fujiya House and Southern Accents both have 3% annual rental increases, along with The Big Screen Store which has a 10% increase in 2031, creating consistent cash flow growth

Balanced rent roll with strong regional tenants and synergistic uses

• The Big Screen Store provides regional credit with 11 locations located between Maryland, and Virginia and Southern Accents has 3 locations across Fredericksburg
• The Big Screen Store and Southern Accents comprise 72% of the GLA and 65% of the base rent
• Fujiya House serves as a complementary food use for Southern Accents and the Big Screen Store, increasing dwell time at the center and creating multiple traffic drivers
• The Big Screen Store's foot traffic has increased 56.3% over the past 2 years, speaking to the additional traffic created by the Southern Accents lease-up in 2024

Cross-Shopping within the high performing Central Park Marketplace

• Diverse retail uses serve the densifying submarket and offer consumers multiple options during their visit
• Positioned in the primary retail node of Fredericksburg, Central Park Marketplace has strong national operators such as Walmart, Target, Lowe's, Kohl's, and numerous national food brands which allows for a synergistic relationship with subject property and increased total foot traffic
• Central Park Marketplace is the most dominant community shopping center in Virginia per Placer.ai, with 8.7 million annual visitors
• Located directly off Interstate 95 (I-95), with pylon sign visibility, that sees 202,070 VPD

Growing, affluent submarket, in close proximity to multiple economic anchors

• Average household income of $124,256 within a 3-mile radius, with income levels expected to grow 1.95% annually through 2023
• Population is expected to increase annually through 2030 within 1,3,5-mile radius of the center
• The subject property sits 2.4 miles from Mary Washington Hospital, a 451-bed hospital, and 2.7 miles (8-minute drive) from University of Mary Washington, consisting of approximately 4,000 students
• Mary Washington Hospital is one of seven Level II trauma centers in Virginia and ranked 6th best in the state by U.S News and World Report

Strong regional access and connectivity

• The larger Central Park Marketplace, and the subject property, are located at the intersection of Plank Road and I-95, which combine to see 259,790 VPD
• Carl D. Silver Parkway, the connector through Central Park Marketplace, sees 20,616 VPD, and is an active retail node throughout Fredericksburg
• Centrally located along I-95 and only 53 miles from Washington, D.C., 57 miles from Richmond, VA and 100 miles from Baltimore, MD
• The larger submarket has been a beneficiary of tremendous residential and commercial growth which is poised to continue due to overall location within the Mid-Atlantic market and overall submarket fundamentals