607 HEBRON RD SUITE B Heath OH 43056

GROCERY ANCHORED CENTER WITH STRONG GROCER SALES AND RECENT EXTENSION

Southgate Center is anchored by Giant Eagle, a market dominant grocer in the Cleveland, Pittsburgh, and Columbus MSA’s, who reported strong sales of $26,448,940 (2.2% Occupancy Cost) for their lease year ending 9/2021. Most recently, Giant Eagle extended their lease at this location for an additional 5-years taking their term out until 10/2027.

GIANT EAGLE – DOMINANT GROCER – RECENT EXTENSION – STRONG SALES (~$26.5M – 2.2% OCCUPANCY COST)

Giant Eagle is a U.S. supermarket chain with stores in Pennsylvania, Ohio, West Virginia, Indiana, and Maryland. The company is the 41st largest privately held corporation in the nation as determined by Forbes Magazine, and has annual sales over $9 billion. Giant Eagle was founded in 1931, and currently operates roughly 216 supermarkets in the Midwest and Northeast in addition to 258 fuel station/convenience store locations.

NEARLY 57% OF RENTAL REVENUE COMPRISED FROM GIANT EAGLE, PETCO, DUNHAM’S, DOLLAR TREE, AUTOZONE, BUFFALO WILD WINGS, IHOP, AND FAZOLI’S PRIME LOCATION – DOMINANT RETAIL CORRIDOR – 35,000 VPD

Southgate Center is primely located along Hebron Road (SR-79) (35,000 VPD), which is the primary north-south commercial thoroughfare for the Newark & Heath markets and is also home to the dominant retail corridor in the area.

INTEL’S UPCOMING $20B INVESTMENT INTO COLUMBUS IS 22 MILES AWAY FROM SOUTHGATE CENTER

SOLID DEMOGRAPHICS – 5-MILE POPULATION: ~70,000. AHHI: $75,320

The Property benefits from desirable demographics in the surrounding area, featuring nearly 70,000 residents within a 5-mile radius boasting average household incomes in excess of $75,000.