2700 LAKE RD Dyersburg TN 38024-1666

The Dowd Companies, as exclusive advisor, is pleased to present the opportunity to acquire a premier portfolio of nine market-dominant retail neighborhood centers totaling 536,769 SF. The 90% occupied portfolio consists of nine (9) properties located across Sunbelt markets from Southern Illinois to Alabama and Mississippi. The centers are located within the submarkets of Breckenridge, Texas; Center, Texas; Dyersburg, Tennessee; Haleyville, Alabama; Hamilton, Alabama; Lucedale, Mississippi; Kosciusko, Mississippi; Pearl, Mississippi; and Benton, Illinois.

All nine centers have enjoyed strong leasing activity with the former JC Penny anchor space and 4 of the 5 Stage Store Anchor spaces already re-leased to national credit tenants including Ollies, Burkes Outlet, Harbor Freight and Planet Fitness.

The portfolio offers a desirable combination of secure, in-place income paired with strong potential upside, making it an ideal addition to any company’s portfolio. The centers are leased to highly competitive discount retailers that have done well during COVID-19 19. Additional revenue growth can be achieved through the lease-up of 64,166 available SF and accretive rental growth of the current leases.

The centers’ locations and tenant mix are ideally suited to their local markets and poise the assets for substantial appreciation long into the future. All the centers enjoy easy accessibility to major local thoroughfares and are located in key retail nodes in their respective markets. Three properties in the portfolio located in federal opportunity zones, investors have the ability to take advantage of recent tax changes to boost returns over longer hold periods.

The portfolio is offered subject to attractive CMBS in-place financing that matures in late 2025 at a 5.22% interest rate, offering owner(s) the benefit of locked-in, low interest rate to enhance returns.

There are 5 unencumbered out-parcels that may be purchased separately for additional upside.

Ideal mix of deal size and risk-adjusted returns - 536,769 SF spread across 9 centers

All 9 centers are well located along local retail corridors with high-demand tenant rosters

90% leased to a highly competitive mix of discount and specialty retailers

Five new anchor leases with Ollie’s, Burkes Outlet, Harbor Freight, and Planet Fitness replacing Stage Stores and JC Penny tenants

Accretive in-place financing with 5 years remaining term

5 unencumbered out-parcels may be purchased separately for additional upside

3 portfolio properties are in federal opportunity zones, allowing investors to enhance returns by taking advantage of new tax laws