Oceanville Station 183 -195 South New York Road Galloway, NJ 08025

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Oceanville Station | 1 TABLE OF CONTENTS

Offering Summary...... 4 Investment Overview...... 9 Tenant Overview...... 12 Location Overview...... 16 Investment Advisors

Derrick Dougherty Mark Krantz First Vice President Investments Senior Associate National Retail Group National Retail Group License: PA RS305854 Lic: PA RS336064 | NJ 1863254 Ph: (215)531-7026 Ph: (215)531-7056

Scott Woodard Steve Garthwaite Senior Associate Senior Associate National Retail Group National Retail Group License: PA RS329242 License: PA RS332182

Pavan Koneru Nick Geaneotes Associate Associate National Retail Group National Retail Group License: PA RS350910 License: PA RS350646 2 | Oceanville Station ATLANTIC CITY SHORE TOWNS *Based on 2020 CoStar Estimates 4,607 42,000 ATLANTIC CITY CASINOS,15 BLOCKS TANGER OUTLETS, 2018 NEW JOBS ADDED SUMMER RESIDENTS DINING & RETAIL

Distance To Subject 10 Miles Households 4,607 Summer Population 42,000 2018 $ 1.70B 27.0M± MARGATE INVESTMENTS IN ANNUAL VISITORS RECENT YEARS

Distance To Subject 12 Miles Oceanville Station Households 3,522 183 -195 South New York Road Galloway, NJ 08025 Summer Population 10,000 LONGPORT

Distance To Subject 15 Miles Households 1,355 Summer Population 2,000 VENTNOR CITY

Distance To Subject 15 Miles Households 4,700 Summer Population 13,000 OCEAN CITY

Distance To Subject 20 Miles Households 2,597 Summer Population 25,000 Oceanville Station | 3 OFFERING SUMMARY $ OFFERING PRICE: $1,400,000 Oceanville Station % CAP RATE: 7.20% 183 -195 South New York Road Galloway, NJ 08025 $ NET OPERATING INCOME: $100,696 OFFERING SUMMARY Gross Leasable Area (GLA) 9,800 SF Price/SF $142.86 Year Built/Renovated 2002 Lot Size 3.12 Acres Occupancy 100% Parking 49± | 5 Spaces/1000 SF

VITAL RETURNS (FULL RECOURSE) Current Net Operating Income $100,696 Annual Debt Service ($55,551) Cash Flow After Debt Service $45,145 Cash On Cash Return 9.21% Principal Reduction $22,713 Total Return 13.85%

PROPOSED NEW FINANCING MAJOR TENANTS Equity (35%) $490,000 Tenant GLA Lease Start Lease Expire Locations Loan To Value (65%) $910,000 South Jersey Florist 2,030 May-09 Dec-24 1 Interest Rate 3.65% Tony Beefs 1,890 May-18 May-23 1 Amortization 25 Years Eat Clean Org 1,890 May-18 Apr-23 1 Term 10 Years Pinky's Nails 1,400 Dec-17 Nov-22 6 Debt Service Coverage Ratio 1.81 *Loan information is subject to change. Contact your Marcus & Millichap Capital Corporation representative. MAJOR AREA EMPLOYERS *Escrow/reserve for 6 to 12 months of mortgage payments (to be released when COVID-19 is completely over) Major Employers Employees Industry DEMOGRAPHICS Borgata Casinos 77,000 Hospitality 3-Mile 5-Miles 10-Miles Atantic Health Care System 16,000 Healthcare 2020 Population 17,948 38,846 180,138 Tropicana Casino 3,200 Hospitality 2019 Households 7,137 14,085 68,126 Stockton University 400+/- Education Average Household Income $83,916 $86,285 $79,529

4 | Oceanville Station RENT ROLL

Lease Lease Base Rent Rent/SF Date of Increase Lease Tenant Name GLA (SF) GLA (%) Start End (Annual) (Annual) Increase Amount $/SF Options Type

Jun-21 $36,420 $19.27 One (5) Year Option - NNN + 5% Tony Beefs 1,890 19.29% May-18 May-23 $35,220 $18.63 Jun-22 $37,620 $19.90 3% Annual Increases Mgmt. Fee

Jan-21 $34,200 $16.85 Jan-22 $35,400 $17.44 One (5) Year Option - South Jersey Florist 2,030 20.71% May-09 Dec-24 $33,000 $16.26 Gross Jan-23 $36,600 $18.03 3% Annual Increases Jan-24 $37,800 $18.62

Dec-20 $26,232 $18.74 One (5) Year Option - Pinky's Nails 1,400 14.29% Dec-17 Nov-22 $25,464 $18.19 Gross Dec-21 $27,024 $19.30 3% Annual Increases

Dave's Shave & NNN + 5% 1,190 12.14% Aug-19 Jul-22 $12,000 $10.08 Aug-21 $14,400 $12.10 - Barber Parlor Mgmt. Fee

Just Organics 1,400 14.29% Month to Month $9,600 $6.86 - - - - Gross

May-21 $31,800 $16.83 Three (5) Year Options - Eat Clean Org 1,890 19.29% May-18 Apr-23 $30,000 $15.87 Gross May-22 $33,600 $17.78 4% Annual Increases

Totals: 9,800 $145,284

9,800sf Fully Occupied 3,080sf (31.43%) TOTAL LEASABLE AREA TOTAL OCCUPIED NNN TENANTS

Oceanville Station | 5 INCOME & EXPENSES

INCOME PSF Underwriting Notes: Base Rent (1) $145,284 $14.82 (1) Base Rent: Is Reflective of 2020 Rent Schedule (2) Reimbursement Rent (2) Reimbursement Rent: Analysis is Reflective of each Tenant’s Lease Structure (31.43% NNN) Real Estate Tax $7,166 (3) Reimbursement Management Fee: Analysis is Reflective of Tony Beefs & Dave’s Shave & Insurance $3,049 Barber Parlor tenants paying a 5% management fee CAM $7,967 (4) Expenses: Analysis is Reflective of 2020 Proforma Expenses Management Fee (3) $909 (5) Management Fee: Analysis uses an Underwriting Standard of 3% of Base Rent Total Reimbursement $19,091 Gross Income $164,375 (6) Reserves: Analysis uses an Underwriting Standard of $0.15 per Square Foot

EXPENSES (4) PSF Reimbursable Expenses Real Estate Taxes $22,800 $2.33 Property Insurance $9,700 $0.99

Common Area Maintenance Repairs & Maintenance Trash Removal $4,675 Repairs & Maintenance $2,500 Grounds Maintenance Landscape Maintenance $4,642 Snow Removal $4,000 Utilities Electric $5,240 Water/Sewer $4,293 Total CAM $25,350 $2.59

Total Reimbursable Expenses $57,850 $5.90

Non Reimbursable Expenses Management Fee (3% of Base Rent) (5) $4,359 Reserves(15 Cents Per Square Foot) (6) $1,470 Non - Reimbursable Expenses $5,829 $0.59

Total Expenses $63,679 $6.50 Net Operating Income $100,696

6 | Oceanville Station RENT COMPS

Miles from Name of Center Address Size Occupancy Rental Range Tenants Subject $10-$19/SF NNN Oceanville Station 183-195 S New York Rd. Galloway, NJ 9,800 SF 100% Tony Beefs, Florist, Nail Salon - $7-$16/SF Gross Leeds Point Shoppes 176-182 S New York Rd. Galloway, NJ 27,000 SF 100% $13-$16/SF NNN* USPS, Day Care, Tanning Salon 0.2 Miles The Shoppes at Smithville 45 S New York Ave. Smithville, NJ 107,719 SF 73% $9-$12/SF NNN Dollar General, M&T Bank, JD's Pub 1.6 Miles Galloway Village Square 401-407 S Pitney Rd. Galloway, NJ 66,840 SF 94% $20-$23/SF NNN ShopRite, Hair Salon, Dry Cleaners 2.3 Miles Risley Square 319 E Jimmie Leeds Rd. Absecon, NJ 13,863 SF 63% $10-$12/SF NNN Gymnastics Center, Nail Spa 2.4 Miles Downtown Plaza 325-327 E Jimmie Leeds Rd. Galloway, NJ 27,441 SF 86% $13-$15/SF NNN UPS, Deli, Dry Cleaners, Restaurants 2.6 Miles Sunrise Plaza 68 W Jimmie Leeds Rd. Galloway, NJ 15,467 SF 100% $13-$16/SF NNN* Starbucks, Salad Works, Great Clips 4.4 Miles The Shoppes of Absecon 720-728 White Horse Pike. Absecon, NJ 7,175 SF 100% $33-$46/SF NNN & MG PNC Bank, T-Mobile, Five Guys 4.8 Miles *Rental Range is Representative of CoStar Estimate

1.6 Smithville 0.2 Miles Miles Galloway The Shoppes at Smithville Leeds Point Shoppes 2.6 4.4 Miles 45 S. New York Ave 176-82 S. New York Rd Miles Downtown Plaza Smithville, NJ Galloway, NJ Sunrise Plaza 325-27 E. Jimmie Leeds Rd Occupancy 73% Occupancy 100% 68 W Jimmie Leeds Rd Galloway, NJ Size 107,719 SF Size 27,0001 SF Galloway, NJ Occupancy 86% Rental Range $9 - $12 Rental Range $13 - $16 Occupancy 100% Size 27,441 SF Size 15,467 SF WINE & Rental Range $13 - $15 SPIRITS Rental Range $13 - $16

2.4 Oceanville Station (Subject) Pomona Miles 183-195 S New York Rd Risley Square Galloway, NJ 319 E. Jimmie Leeds Rd Occupancy 100% Absecon, NJ 2.3 Miles Size 9,800 SF Occupancy 63% Galloway Village Square Rental Range $10 - $19 Size 13,863 SF 401-7 S. Pitney Rd Rental Range $10 - $12 Galloway, NJ Occupancy 94% 4.8 Size 66,840 SF Miles Rental Range $20 - $23 The Shoppes of Absecon 720-28 White Horse Pike Absecon, NJ Occupancy 100% Galloway Cleaners Size 7,175 SF Rental Range $33 - $46 Absecon Atlantic City Highlands (12 Miles)

Oceanville Station | 7 INVESTMENT HIGHLIGHTS

Opportunity To Own A 9,800 Square Foot Retail Center | 100% Occupied Strip Center | Inviting Center with Healthy Located In Galloway New Jersey | 10 Miles From Atlantic Mix of Tenants |Rental Increases in Base Term | No Big Box City & 20 Miles From Ocean City | First Generation Sale Vacancy – Smaller Units | Staggered Lease Expiration • The Site sits on a sizable 3.12 Acres in Galloway, NJ with six service-oriented • Inviting center featuring a fast-casual burger concept, a nail salon, barber tenants shop, a prepared organic food concept, and a farmer’s market delivery • Only 10 miles from Atlantic City and about 20 miles from Ocean City concept. • First Generation Sale - The Center was built in 2002 • Approximately 73% of GLA has Rental Increase in Base Term which help hedge against inflation • All Units range between 1,000 square feet – 2,000 square feet, providing for ease of Lease-Up • Approximately 60% of the GLA has over three years remaining on Lease Term

Superior Real Estate Fundamental’s | Signalized Intersection Irreplaceable Positioning with Immediate Access to on a Primary Thoroughfare | Proximity to Atlantic City & Stockton University & Atlantic City International Airport | Philadelphia | Access To Major Highway Systems Healthy Demographics • Oceanville Station is strategically located at a signalized intersection along • Stockton University – A 2,000 Acre University six miles from the Subject S New York Road which is encompassed by Route 9, the longest highway Center with enrollment numbers of just under 9,000 students; The University in the state with traffic counts upwards of 14,000 vehicles per day near the has increased its footprint in 2018 to a new $178.3 Million beachfront Subject Site campus in Atlantic City featuring 145 apartment units, a parking garage, & academic center with shuttle services to & from main campus • The Site sits just within 10 miles from Atlantic City, NJ and 60 miles from Philadelphia, PA • Atlantic City International Airport - A joint civil-military airport less than ten miles from Oceanville Station, projected to see over one million arrivals & • Easily accessible to major highways including Garden State Parkway, AC departures in 2020 Expressway, & White Horse Pike • Healthy Demos – Within a 5-mile radius the Average HH Income is $83K and a Population of 38K

8 | Oceanville Station INVESTMENT OVERVIEW

General Overview Location Overview Marcus & Millichap, on behalf of ownership is pleased to exclusively offer the fee Galloway is in Atlantic County, New Jersey boasting year-over-year GDP growth & simple interest in Oceanville Station, a 9,800 square foot shopping center located in healthy demographics. Within a 5-mile radius the average household income is $83K Galloway, New Jersey. The center is presently 100% occupied by a healthy mix of and a population of 38k people. The Site sits just within 10 miles from Atlantic City, NJ internet resistant retailers and service-oriented tenants. The subject property was built and 60 miles from Philadelphia, PA & is easily accessible to major highways including in 2002 and sits on a 3.12 acre tax parcel. Oceanville Station provides investors the Garden State Parkway, AC Expressway, & White Horse Pike opportunity to acquire a stabilized shopping center in South Jersey. Galloway is home to various economic drivers supporting the economy. Among these Tenant Roster & Real Estate Fundamentals include Stockton University, a 2,000 acre University only six miles from the Subject Oceanville Station is situated on 3.12 acres with 49+/- parking spaces. The center is Center with enrollment numbers of just under 9,000 students; The University has occupied by a combination of six internet resistant and service-based tenants such increased its footprint in 2018 to a new $178.3 Million beachfront campus in Atlantic as nail salon, burger restaurant, and a flower shop. Oceanville Station is strategically City featuring 145 apartment units, a parking garage, & academic center with shuttle located at a signalized intersection along S New York Road which is encompassed by services to & from main campus. In addition, the area benefits from its ten-mile Route 9, the longest highway in the state with traffic counts upwards of 14,000 vehicles proximity to the Atlantic City International Airport, a joint civil-military airport projected per day near the Subject Site. to facilitate over one million arrivals & departures in 2020.

Oceanville Station | 9 PROPERTY DETAILS

SITE DESCRIPTION

Gross Leasable Area 9,800 SF

Year Built/Renovated 2002

Lot Size 3.12 Acres

Parking 49+/-

Parking Ratio 5 Spaces/1,000 SF 3.12 9,800 49 PARKING Topography Flat ACRES SQUARE FEET SPACES Zoning Commercial

PARCELS ROOF

Number of Tax Parcels 1 Age of Roof 18 Years

Parcel Number(s) 11-01171-0000-00004-04 Type Standing Beam Metal Roof

Roof Warranty 25 Year Warranty on Finish CONSTRUCTION HVAC Type of Structure Pre-engineered Steel Building Type of Units Individual Units Type of Foundation Concrete Number of HVAC Units 6 Units Exterior Wood & Steel Framing Age of HVAC Units 18 Years

UTILITIES PARKING LOT Plumbing Water Supply Well & Septic Parking Lot Repaved Striped in 2018 Electric Atlantic City Electric Parking Lot Type Asphalt Sewer/Septic Advanced treatment system

Trash Contract ACCESS Gas South Jersey Gas The Site features two points of Ingress & Egress along each of its cross- Signage Yes roads (S New York Road & E Great Creek Road).

10 | Oceanville Station SITE PLAN

Tenant Name GLA (SF) GLA (%)

1) Tony Beefs 1,890 19.29% 2) South Jersey Florist 2,030 20.71% 3) Pinky's Nails 1,400 14.29% 4) Dave's Shave & Barber Parlor 1,190 12.14% 5) Just Organics 1,400 14.29% 6) Eat Clean Org 1,890 19.29% Totals: 9,800

Great Creek Rd

1 2 3 4 5 6

New York Ave (14,000VPD*)

*VPD Count is Representative of Data Available for Entire Road Oceanville Station | 11 TENANT OVERVIEWS

Tenant Description Headquarters Locations

Tony Beef is owned and operated by a pair of brothers, Nick and Anthony Della Vecchia. Since they were kids, it was always their dream to open a restaurant together. Tony Beef in Galloway, NJ 1 Location 2019 was awarded the title of “Best Burger” in Atlantic City Best of the Press 2019. The restaurant has also been featured on Food Networks “Best Thing I Ever Ate”.

We are South Jersey’s premiere florist and events, serving all of southern New Jersey. This is a family owned and operated business. We have been in the floral industry for Galloway, NJ 1 Location 16 years, since our inception in 2004. South Jersey Florist specializes in; weddings & funeral designs; contemporary, traditional, and High-style floral arrangements.

Pinky Nails and Spa keeps its clients well-polished at all times. Offering services such as manicures, pedicures, waxing, etc. We pledge to adhere to the highest industry New Jersey 6 Locations standards. We sanitize and disinfect all reusable nail tools in accordance with state regulations and industry “best practices”.

Dave’s Shave & Barber Parlor is run by owner, Dave Harrah. He has been leaving men finely coiffed for years. Starting his career in his garage he knew that having his own Galloway, NJ 1 Location shop was always in the cards for him. His talents are only superseded by his passion for hair and having every client leaving his chair the freshest they can be.

Just Organics is like a Farmers Market delivered to your door year round. Our produce boxes are “best-of-season”, meaning that we source the freshest, highest quality or- Galloway, NJ 1 Location ganic fruits and vegetables available. We also offer fresh eggs, honey, coffee and other local, sustainably produced items.

Founded in 2015 the Eat Clean Organization was created to fulfill a need for healthy, gluten free, and organic meal options in South Jersey. We offer a rotating menu that Galloway, NJ 16 Pickup Locations changes weekly to include breakfast, lunch, dinner, salads, and dessert. We cook with all organic meats, wild caught fish, organic and local produce whenever possible.

12 | Oceanville Station LEASE ABSTRACTS

Tenant Tony Beefs South Jersey Florist Guarantor Personal Guaranty Personal Guarantor Square Footage 1,890 SF 2,030 SF Pro Rata Share 19.29% PRS of Center 20.71% PRS of Center Security Deposit Tenant Deposit of $7,500 Tenant Deposit of $3,200 Commencement Date May 15, 2018 May 15, 2009 Expiration Date May 31, 2023 December 31, 2024 Initial Term Five Year Base Term Five Year & Eight Months Base Term Option Notice Tenant to provide notice (6) months prior to Lease expiration Tenant to provide notice (6) months prior to Lease expiration Estoppel/SNDA Tenant to provide certificate within (10) days of Landlord's Tenant to provide certificate within (10) days of Landlord's request request Taxes Tenant is responsible for PRS of Real Estate Taxes Landlord is responsible for Real Estate Taxes (Gross Lease) Insurance Tenant is responsible for PRS of Insurance expenses Landlord is responsible for Insurance Expenses (Gross Lease) CAM Tenant is responsible for PRS of CAM expenses Landlord is responsible for CAM expenses (Gross Lease) Utilities Tenant is responsible for Utilities expenses Tenant is responsible for Utilities expenses Management Fee - - Roof & Structure Tenant is responsible for PRS of Roof & Structure expenses Landlord is responsible for repair & replacement of Roof and Structure HVAC (Maint & Replacement) Tenant is responsible for HVAC repair & replacement Tenant is responsible for HVAC repair & replacement Permitted Use Tenant's permitted use is as a restaurant business Tenant's permitted use is as a retail florist and related gifts store Required Occupancy Tenant shall continually operate during the normal business Tenant shall continually remain open for business daily during the hours of the Center normal business hours of the center Assignment Note Tenant may not assign Lease without Landlord's consent; in event Tenant may not assign Lease without Landlord's consent; in event of assignment, Tenant will remain liable for its obligations under of assignment, Tenant will remain liable for its obligations under this Lease this Lease

Oceanville Station | 13 LEASE ABSTRACTS

Tenant Pinky Nails, LLC Dave's Shave & Barber Parlor, LLC Guarantor Franchise Guaranty - Pinky Nails, LLC Personal Guaranty Square Footage 1,400 SF 1,190 SF Pro Rata Share 14.29% PRS of Center 12.14% PRS of the Center Security Deposit Tenant Deposit of $4,000 Tenant Deposit of $2,900 Commencement Date December 1, 2017 August 1, 2019 Expiration Date November 30, 2022 July 31, 2022 Initial Term Five Year Base Term One Year Base Term Option Notice Tenant to provide notice (6) months prior to Lease expiration Tenant to provide notice (6) months prior to Lease expiration Estoppel/SNDA Tenant to provide certificate within (10) days of Landlord's Tenant to provide certificate within (10) days of Landlord's request request Taxes Landlord is responsible for Real Estate Taxes (Gross Lease) Tenant is responsible for PRS of Real Estate Taxes Insurance Landlord is responsible for Insurance Expenses (Gross Lease) Tenant is responsible for PRS of Insurance expenses CAM Landlord is responsible for CAM expenses (Gross Lease) Tenant is responsible for PRS of CAM expenses Utilities Tenant is responsible for Utilities expenses Tenant is responsible for Utilities expenses Management Fee - - Roof & Structure Landlord is responsible for repair & replacement of Roof and Tenant is responsible for PRS of Roof & Structure expenses Structure HVAC (Maint & Replacement) Tenant is responsible for HVAC repair & replacement Tenant is responsible for HVAC repair & replacement Permitted Use Tenant's permitted use is as a Nail Salon business Tenant's permitted use is as a barber shop & hair salon operation Required Occupancy Tenant shall continually operate during the normal business Tenant is to operate between the hours of 9:00am to 5:00pm hours of the Center Tuesday through Saturday Assignment Note Tenant may not assign Lease without Landlord's consent; in event Tenant may not assign Lease without Landlord's consent; in event of assignment, Tenant will remain liable for its obligations under of assignment, Tenant will remain liable for its obligations under this Lease this Lease

14 | Oceanville Station LEASE ABSTRACTS

Tenant Just Organics, LLC Eat Clean Org Guarantor Personal Guaranty Personal Guaranty Square Footage 1,400 SF 1,890 SF Pro Rata Share 14.29% PRS of Center 19.29% PRS of Center Security Deposit Tenant Deposit of $800 Tenant Deposit of $4,000 Commencement Date June 1, 2019 May 1, 2018 Expiration Date Month to Month April 3, 2023 Initial Term Six Month Base Term Five Year Base Term Option Notice - Tenant to provide notice (6) months prior to Lease expiration Estoppel/SNDA Tenant to provide certificate within (10) days of Landlord's Tenant to provide certificate within (10) days of Landlord's request request Taxes Landlord is responsible for Real Estate Taxes (Gross Lease) Landlord is responsible for Real Estate Taxes (Gross Lease) Insurance Landlord is responsible for Insurance Expenses (Gross Lease) Landlord is responsible for Insurance Expenses (Gross Lease) CAM Landlord is responsible for CAM expenses (Gross Lease) Landlord is responsible for CAM expenses (Gross Lease) Utilities Tenant is responsible for Utilities expenses Tenant is responsible for Utilities expenses Management Fee - - Roof & Structure Landlord is responsible for repair & replacement of Roof and Landlord is responsible for repair & replacement of Roof and Structure Structure HVAC (Maint & Replacement) Tenant is responsible for HVAC repair & replacement Tenant is responsible for HVAC repair & replacement Permitted Use Tenant's permited use is as a raw organic fruit, vegetable and Tenant's permitted use is as a catering and/or meal prepatation grocery distribution business business Required Occupancy - Tenant shall continually operate during the normal business hours of the Center Assignment Note Tenant may not assign Lease without Landlord's consent; in event Tenant may not assign Lease without Landlord's consent; in event of assignment, Tenant will remain liable for its obligations under of assignment, Tenant will remain liable for its obligations under this Lease this Lease *PRS Figure is reflective of Broker Calculation Oceanville Station | 15 LOCATION OVERVIEW

10miles 60miles 6miles $86,285 38,846 27M+ FROM ATLANTIC CITY, FROM FROM STOCKTON AVERAGE TOTAL ANNUAL VISITORS NEW JERSEY PHILADELPHIA, PA UNIVERSITY HOUSEHOLD POPULATION PER YEAR (37,054 Population) (1.5M Population) (10,000 STUDENTS) INCOME (5-MILES) (5-MILES) (AS OF 2018)

Atlantic County is located in the state of New Jersey within a short distance of Philadelphia, New York City and Washington, DC with easy access by car, bus, rail or air. As of the 2010 U.S. Census, the county had a population of 274,549 having increased by 21,997 from the 252,552 counted at the 2000 Census (+8.7%, tied for third- fastest in the state). As of the 2018 Census Bureau estimate, the county’s population was 265,429, making it the 15th-largest of the state’s 21 counties. Atlantic County attracts millions of annual visitors and accounted for nearly 18 percent of the nearly $40 billion in statewide tourism- related revenues in 2014. Atlantic County’s tourism sector remains a leading industry and a strong source of employment.

STOCKTON UNIVERSITY: ATLANTIC CITY ATLANTICARE HOSPITAL: AC INTERNATIONAL • Stockton University is a public BOARDWALK: • Health system based in Atlantic County, AIRPORT: university in Galloway Township, New serving southeastern New Jersey. • Construction on Atlantic City’s world- • A joint civil-military airport 10 miles Jersey. It is part of the New Jersey state AtlantiCare employs more than 5,000 famous Boardwalk began in 1870, and northwest of Atlantic City, New Jersey, system of higher education. staff members and 600 physicians in from then on it has become an icon. in Egg Harbor Township nearly 70 locations. • Nearly 10,000 students are enrolled • Atlantic City is the seaside gaming and • The airport is served by Spirit Airlines at Stockton and it is accredited by the • In 2010, Modern Healthcare magazine resort capital of the East Coast, hosting & Caesars Entertainment which both Middle States Association of Colleges named AtlantiCare to its list of “Best over 27 million visitors a year, making it have flights to major cities east of the and Schools. Places to Work in Healthcare.” one of the most popular tourist locations. Mississippi River

16 | Oceanville Station LOCATION OVERVIEW Local Economy New Jersey’s economy has remained steady over the past several years. South Jersey has been Top Employers a major contributor to the state’s overall economic picture. South Jersey has a highly educated Organization/Company Industry Type workforce and its land availability is geographically situated to serve the northern and southern states with a good transportation network. According to Stockton University’s South Jersey Economic Harrah’s Resort Hospitality Review, Atlantic City’s economy added 4,600 jobs in 2018, an increase of 3.6% over the previous Caesar’s Entertainment Hospitality year. 2018’s rate of job growth in the city was its best since the late 1980s. The review also states Hard Rock International Hospitality that employment in the metropolitan area’s casino hotels increased by 3,500 (+17.8%) in 2018. Borgata Hotel Casino & Spa Hospitality

FAA Technical Center Research/Development Resorts Casino Hotel Hospitality Atlantic Health Care System Healthcare State of New Jersey Government Stockton University Education

TOURISM BEACHES CASINOS SHOPPING EDUCATION HEALTHCARE

Tourism: Shopping & Retail: • Accounts for nearly 18 percent of the $40 billion in statewide tourism revenues • Numerous options for consumers to shop and experience a retail experience • AC features: Eight Atlantic City casinos, World-class restaurants and entertainment, • Retail Centers include the Tanger Outlets, The Walk in Atlantic City, and the bou- Beautiful boardwalks and beaches, Scenic parks and recreation, Preserved wildlife tique shops in the Towns of Historic Smithville areas, Vibrant arts, history and culture, Growing agri and eco-tourism interest. • Somers Point, Mays Landing, & Egg Harbor also feature vibrant downtown areas Beaches & Boardwalk: Higher Education: • Atlantic City offers one of the top destinations for individuals & families on the • Atlantic City is home to a nationally recognized University - Stockton University East Coast - with 14 miles of pristine beaches along the Atlantic Ocean • Located in Galloway Township, the school is ranked at #14 among 2017’s Top • This area is frequented by summer visitors & second homeowners Public Regional Universities of the North by the U.S. • A.C.’s Boardwalk was the first in the Country, being built in 1870 • Stockton University recently opened their campus in Atlantic City with about 1,000 students and hopes to grow from here. Casinos and Gaming: Healthcare: • Atlantic County’s largest attractions can be found on the famous Boardwalk • Atlantic City is home to AtlantiCare, southeast New Jersey’s largest healthcare • The Marina District is home to the newest casinos, Hard Rock & Ocean Resorts provider, delivering cutting-edge technologies and top-notch service. • Accompanied by seven other nationally recognized gaming operators, tourists • Hammonton houses the $20.6 million AtlantiCare Health Park can enjoy gambling. world class entertainment and dining, retail shopping, relaxing • Shore Medical Center can also be found in the County, which has recently com- spas, & more pleted a $125 million expansion

Oceanville Station | 17 Smithville Leeds Point Shoppes Galloway The Shoppes at Downtown Plaza Smithville WINE & SPIRITS

Sunrise Plaza Oceanville Station 183-195 South New York Road Pomona Galloway, NJ 08025 Risley Square

Galloway Village Square

Galloway Cleaners The Shoppes of Absecon Absecon

Harbor Square Mall

Pleasantville Square Brigantine

Tilton Shopping Center

Egg Harbor Township Island Gym Plaza

Atlantic City

18 | Oceanville Station New York

Philadelphia 0 1 1

6 Miles Away

0 Oceanville Station

M 183-195 South New York Road i Galloway, NJ 08025 l e s t o P hil ade lphia

Galloway, New Jersey Atlantic City 10 Miles to Atlantic City RADIUS 3 MILE 5 MILE 10 MILES Average HH Income $83,916 $86,285 $79,529

Median HH Income $66,081 $66,291 $57,68

Population 17,948 38,846 180,13

Households(#) 6,888 13,750 67,388

Oceanville Station | 19 Deal Team

Derrick Dougherty Mark Krantz Managing Partner Senior Associate National Retail Group National Retail Group License: PA RS305854 Lic: PA RS336064 | NJ 1863254 Ph: (215)531-7026 Ph: (215)531-7056

NON-ENDORSEMENT AND DISCLAIMER NOTICE NON-ENDORSEMENTS Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included Scott Woodard Steve Garthwaite for the purpose of providing tenant lessee information about this listing to prospective customers. Senior Associate Senior Associate National Retail Group National Retail Group ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. License: PA RS329242 License: PA RS332182

DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a Pavan Koneru Nick Geaneotes service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved. Associate Associate National Retail Group National Retail Group Marcus & Millichap Real Estate Investment Services of Seattle, Inc. Broker of Record: Sean Beuche License: PA RS350910 License: PA RS350646 License: RB062197C License: PA RM424190 20 | Oceanville Station Oceanville Station 183 -195 South New York Road Galloway, NJ 08025

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