1625 Poplar Avenue 1625 Poplar Avenue, Memphis, Tennessee 38104

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1 For Sale Investment 62,647 SF 1625 Poplar Avenue 1625 Poplar Avenue, Memphis, Tennessee Property Features 100% occupied, multi-tenant shopping center Densely populated location in the heart of Memphis, TN. Strong in place cash flow at 8% cap rate Shadow anchored by Home Depot Priced significantly below replacement cost Diverse mix of credit tenants Sale price: $7,800,000 For more information: Brian Califf, CCIM NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED. NAI Saig Company 5860 Ridgeway Center Parkway Suite 400, Memphis, TN

2 For Sale Property / Location Overview Property Summary Sale Price: Price/SF: In Place Cap Rate: NOI: Building Size: $7,800,000 $ % $622,836 62,647 SF Number Of Tenants: 10 Current Occupancy: 100% Year Renovated: 1990 Over 62,000 feet of prime retail space on Poplar Avenue in Midtown Memphis. The property has recently received a new parking lot overlay, LED lights, and multiple new tenant finish outs. The tenant mix is very diverse and stable. It is shadow anchored by one of the busiest Home Depot locations in the city. The center also retains the top Planet Fitness location in the city. Below market rents leave investors upside through future leasing. The Midtown Memphis submarket is one of the top locations for retail space. Poplar Avenue joins downtown Memphis to the eastern suburbs. It is the most highly traveled street in the City of Memphis. All retail properties on Poplar Avenue demand a premium rent and benefit from strong occupancy. Over the past 10 years there has been a large community push for redevelopment in the midtown area with new shops, bars, and retail stores moving into the heart of the city. Multiple new developments are occurring within minutes of the property including Overton Square, Sears Crosstown Development, and the Broad Avenue Revitalization Project. These projects total over 1 million square feet of new development.

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4 For Sale Subway Sprint/Absolute Wireless Square Feet: 1,172 # of Locations: 44,834 Website: Subway is an American privately held fast food restaurant franchise that primarily sells subs and salads. Subway is one of the fastest growing franchises in the world and, as of June 2017, has approximately 45,000 stores located in more than 100 countries. It is the largest single-brand restaurant chain and the largest restaurant operator in the world. Square Feet: 3,197 # of Locations: 1,379 (in the U.S.) Website: Sprint is an American telecommunications company that provides wireless services and is an internet service provider. Absolute Wireless was founded in 1998 by Robert Hartline. They are committed to providing the best service and accessories at the most affordable rates because their mission is to keep a.l their customers smiling and dialing. Rainbow Ace Cash Square Feet: 3,800 # of Locations: 1,435 Website: Rainbow Shops, commonly referred to as just Rainbow is a privately held, moderately priced American retail apparel chain comprising several lifestyle brands primarily targeting teens and young women. The company is headquartered in Brooklyn, NY. Square Feet: 1,708 # of Locations: 950 Website: ACE Cash Express, Inc. is a financial services provider headquartered in Irving, Texas. Founded in 1968, ACE provides a range of retail financial products and services including short-term consumer loans, check cashing, debit card services, money transfers, bill payments, and money orders. ACE Cash Express is one of the largest owners and operators of check cashing stores in the U.S. ACE serves consumers seeking alternatives to traditional banking relationships by providing convenient, immediate access to financial services.

5 For Sale Village Mart Payless Shoe Store Square Feet: 4,500 # of Locations: 11 Website: A company founded in 1987, by Mr. Ibrahim who migrated to the U.S. in He moved to Memphis in 1983 to settle with his family and opened his first location in Family owned and operated, they understand and value their customers needs. With 11 area locations throughout the city of Memphis and growing, Village Mart proves to be a customer go-to location. Square Feet: 3,300 # of Locations: 4,496 Website: Payless ShoeSource Inc. is an American discount footwear retailer headquartered in Topeka, Kansas. It was established in 1956 by cousins Louis and Shaol Pozez. Payless is the largest specialty family footwear retailer in the Western Hemisphere, offering a trend-right and comprehensive range of everyday and special occasion shoes and accessory items at affordable prices for every member of the family. Wimpy's Burgers Family Dollar Square Feet: 2,735 # of Locations: 2 Website: Wimpy's has been around in some form or another since Wimpy's Burgers and Fries is a family friendly, fast casual burger joint focused on quality ingredients from responsible sources. Locally owned and operated; we believe in reinvesting in our community. Square Feet: 8,140 Public/Private: Public # of Locations: 8,000 Website: Family Dollar is an American variety store chain. It is the second largest retailer of its type in the U.S. Family Dollar is headquartered in Matthews, a suburb of Charlotte, North Carolina, where it employs 1,400 people. Family Dollar offers a compelling miix of merchandise for the whole family. Ranging from an expanded assortment of refrigerated and frozen foods and health and beauty items to home decor and seasonal items, Family Dollar offers the lowest possible price, the name brand, and quality merchandise customers need and use every day.

6 For Sale Planet Fitness Planet Fitness is an American franchisor and operator of fitness centers based in Hampton, New Hampshire. One of the largest Planet Fitness franchisees David Kuber, who also co-founded the Sun Tan City chain of tanning salons, owns the Memphis location. The company reports that it has 1,500 clubs, making it one of the largest fitness club franchises by number of members and locations. It markets itself as a "Judgement Free Zone" that caters to novice and casual gym users and is reported to be the nation's fastest growing fitness center franchise. Square Feet: 22,410 # of Locations: 1,500 Website: City Of Memphis The City of Memphis uses this space for their Workforce Investment Network. It was created in 2000 as an electronic medium to serve our diverse population. The network's number one goal is to provide job seeks with an online presence that is both informative, user-friendly, and convenient, thus implementing the most effective job search effort. WIN is a recognized community resource dedicated to improving employment opportunities for job seekers and creating qualified workforce for employers in Memphis, Shelby County, and Fayette County. Square Feet: 4,500 # of Locations: 1 Website:

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9 For Sale Population 1 Mile 3 Miles 5 Miles TOTAL POPULATION 16, , ,376 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) Households & Income 1 Mile 3 Miles 5 Miles TOTAL HOUSEHOLDS 7,855 44,353 95,839 # OF PERSONS PER HH AVERAGE HH INCOME $59,747 $44,410 $44,924 AVERAGE HOUSE VALUE $228,857 $198,090 $188,142 Race 1 Mile 3 Miles 5 Miles % WHITE 65.4% 31.5% 25.2% % BLACK 26.5% 63.1% 70.1% % ASIAN 4.0% 2.3% 1.7% % HAWAIIAN 0.0% 0.1% 0.1% % INDIAN 0.0% 0.1% 0.1% % OTHER 1.9% 1.4% 1.6% Ethnicity 1 Mile 3 Miles 5 Miles % HISPANIC 4.7% 3.3% 3.4% * Demographic data derived from 2010 US Census

10 Memphis Market

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13 Memphis Market Overview For Sale For Sale Downtown Office Building Investment Perched on the buffs above the Mississippi River, Memphis occupies the southwest corner of Tennessee. Memphis is the birthplace of Rock n Roll, the home of the blues and the home to three fortune 500 companies: Federal Express Corporation with 32,000 employees, International Paper, and Autozone. Entertainment and nightlife is a dominant attraction for the Memphis area for tourists and residents. Residents can experience an NBA game with the Memphis Grizzlies at the FedEx Forum, a Redbirds AAA baseball game at Autozone Park, a Broadway show at the historic Orpheum Theater, or experience the local music scene at the numerous clubs and restaurants of the Downtown Beale Street Entertainment District. Visitors can also stay in one of Memphis premiere Four Diamond hotels, such as the historic Peabody Hotel, the Madison Hotel, and the River Inn at Harbor Town. As America s Distribution Center,: Memphis is a regional and national supply chain and logistics hub due to its central location and excellent transportation network that includes seven federal highways and two interstate systems. The city is hoe to the worlds second largest air cargo airport, the second largest port on the Mississippi River and the third largest rail center in the US. Interstate 69, a new transportation artery running from Canada through Memphis to Mexico, will further improve the Memphis MSA transportation infrastructure.

14 Market at a Glance For Sale Investment Economic Strength and Stability The City of Memphis is the headquarters location of several Fortune 500/1000 companies. Including FedEx, AutoZone, International Paper, and ServiceMaster. Wallet Hub ranked Memphis 5 th in their 2014 Best Cities to Start a Business listing. Memphis is home to nonprofit world leaders, including internationally renowned childhood disease center, St. Jude Children s Research Hospital and Ducks Unlimited. Major Population Center The Memphis MSA is an eight0county area ranked as the nation s 41 st largest with an estimated population of 1.3 million (U.S.. Census Bureau, 2013 Estimates) While its amenities are comparable to other major cities in the US, the cost of living in Memphis is nearly 14% below the national metro average. Forbes Key Transportation and Logistics Hub As one of only four cities in the US that possess 5 Class I rail systems, Memphis offers prominent rail carriers a strategic location for their intermodal facilities based upon its proximity to the majority of the nation s population. Memphis was ranked as the Top Logistics, Distribution, and Shipping Hub in the US. Memphis s the 3 rd largest rail center in the US behind Chicago and St. Louis. Memphis International Airport serves nearly 10 million passengers a year with more than 80 passenger flights daily, with direct service to 40 destinations. The airport ships over 3.5 million metric tons of cargo per year, garnering the title of the world s busiest cargo airport in North America for 22 years. recognized Memphis as the second most affordable city in the nation. Forty-two (42%) of the United States population lives within one-day drive of Memphis and all forty-eight (48) contiguous states are reachable within three days.

15 For Sale Investment (AutoZone Headquarters) (FedEx Global Headquarters) Memphis Businesses The central geographic location of the city combined with its competitive tax structure allows Memphis to draw quality businesses. Chief Executive Group named Tennessee the 4 th Best State for Business FedEx Corporation, the city s largest employer with 32,000 employees, joins other Fortune 500 Companies currently headquartered in the city: International Paper and Autozone. Memphis corporate citizens include world-renowned companies: ServiceMaster (Global Headquarters) First Tennessee (World HQ) Hilton Hotels (Divisions HQ) Hunter Fan (World HQ) Nike (Major Operations) Wright Medical Technologies (World HQ) Youth Villages (World HQ) (First Tennessee World HQ)