retail specialists retail strategies

Nov 2019 Update Users # of stores Scandinavian Designs Inc. 33 Burlington 33 28 Ollies Bargain Outlet 24 Who is backfilling all the former Hobby Lobby 19 Ashley Furniture 10 Toys R Us? Bob's Discount Furniture 10 Raymour & Flanigan 10 8 Of the 700 plus Toys R Us spaces marketed for Sale, Ocean State Job lot 6 Lease or Redevelopment, who has been the most Urban Air Adventure Park 6 active in backfilling these spaces. HOMEGOODS 4 Ross 4 Furniture Stores (90) and Discount Stores (64)remain Value City Furniture 4 at the top of the list. 4 Kimbrell's Furniture 3 PGA TOUR SUPERSTORE 3 Key Takeaways Old Navy / Five Below 2 Conns Homeplus 2 • 91 Different users have surfaced as taking former East Coast Appliance Superstore 2 Toys R Us stores (according to either court Electronic Express 2 records, news articles or other sources). Chuze Fitness 2 • Furniture Stores are the leader in backfilling these Planet Fitness 2 spaces with 90 stores and Discount stores are Restoration Hardware Outlet 2 second with 64 stores. In third and fourth spots Sprouts 2 are Apparel (39) and Grocery (20). Michaels 2 • 22 different furniture stores have taken space redevelopment 2 and are led by Scandinavian Design (33), Ashley Dick's Sporting Goods 2 Furniture, Bob’s Discount, Raymond & Flanagan, REI 2 Homegoods, Value City, American Signature, and Marshalls 2 Kimbell’s. All took multiple locations. Duluth Trading company 1 Gordmans 1 • Grocery stores have acquired 20 units and include Carpet & Tile Mart 1 Aldi (8), , , Trader Joe’s, Family Farm and Home 1 Farmers Fresh market, Sprouts, Vallarta, Patel Northern Tool 1 Brothers and Supermercado. Oil & Gas Safety Supply 1 • Burlington Stores has leased 33 locations, up from Tractor Supply 1 the 11 in our previous report and Hobby Lobby is Chevy Dealer / Arnoldo Bomnin 1 up to 19 locations vs our previous count of 8. Glassman Automotive 1 • Sporting Goods retailers occupy 9 locations and McKenney-Salinas Honda 1 include PGA Superstore, Dick’s, REI, Decathlon Team Nissan 1 and Woodsman Outfitters. Baptist Health 1 • Based on our tracking, 106 former Toys R Biltmore Church-E. Asheville Campus 1 Us building sold for a total of 493 million, Centerbranch Church 1 averaging$115 psf and totaling 4.2 million square Burlington / Five Below 1 feet. Does not include GL or Leases sold. GOODWILL (took half unit) 1 Mad Monk Holdings, LLC. 1 retailspecialists.com retailstrategies.com Summary of Users Taking Toys R Us Locations

USE LOCATIONS USERS (largest users listed first) Scandinavian Designs, Ashley, Raymour & Flanigan, Bob's, Value City, HomeGoods, Furniture 90 Kimbrell's, Restoration Hardware Outlet, Haverty's Discount 64 Big Lots , Ollie's, Ocean State Job Lot Apparel 39 Burlington, Marshalls, Ross, Gordmans, Old Navy Aldi, Amazon, Food Bazaar , , Sprouts, Giant Eagle, Trader Grocery 20 Joe's, Market of Choice Hobby / Craft 20 Hobby Lobby, Michaels Appliances / Electronics / Furniture 11 Conn's HomePlus, Electronic Express, East Coast Appliances Sporting Goods 9 REI, Dick's, Decathlon, Woodsman Co Outdoor Outfitters Entertainment 8 Urban Air, Get Air, Extreme Air, Defy Florence Car Dealer 5 Team Nissan, Chevy Dealer, Glassman Auto, Honda Fitness 5 Chuze, Planet Fitness, Crunch Fitness, Edge fitness Home Improvement 4 Floor & Décor, Carpet & Tile Mart, Northern Tool, Family Farm and Home Church 3 Centerbranch, Biltmore Church Five Below 4 Taking parts of units Medical 2 Baptist Health Redevelopment 2 Building removed and new building being developed Storage 2 U-Haul Fireworks 1 Phantom Converted to Office 1 Kennesaw BRU Party Supply 1 Party City- half unit Safety Equipment 1 Oil & Gas Safety Supply Shoes 1 Shoe Station Warehouse 1 Williams Distributing Grand Total 294 Toys R Us Scorecard User # Locations Use Scandinavian Designs Inc. 33 Furniture Burlington 33 Apparel Big Lots 28 Discount Ollies Bargain Outlet 24 Discount Hobby Lobby 19 Hobby / Craft Ashley Furniture 10 Furniture Bob's Discount Furniture 10 Furniture Raymour & Flanigan 10 Furniture Aldi 8 Grocery Ocean State Job lot 6 Discount Urban Air Adventure Park 6 Entertainment HOMEGOODS 4 Furniture Ross 4 Apparel Value City Furniture 4 Furniture Five Below 4 Discount (only part of space) Kimbrell's Furniture 3 Furniture PGA TOUR SUPERSTORE 3 Sporting Goods Old Navy / Five Below 2 Apparel Conns Homeplus 2 Appliances / Electronics / Furniture East Coast Appliance Superstore 2 Appliances / Electronics / Furniture Toys R Us Scorecard User # Locations Use Electronic Express 2 Appliances / Electronics / Furniture Chuze Fitness 2 Fitness Planet Fitness 2 Fitness Restoration Hardware Outlet 2 Furniture Sprouts 2 Grocery Michaels 2 Hobby / Craft redevelopment 2 Redevelopment Dick's Sporting Goods 2 Sporting Goods REI 2 Sporting Goods Marshalls 2 Apparel Duluth Trading company 1 Apparel Gordmans 1 Apparel Carpet & Tile Mart 1 Appliances / Electronics / Furniture Family Farm and Home 1 Appliances / Electronics / Furniture Northern Tool 1 Appliances / Electronics / Furniture Oil & Gas Safety Supply 1 Appliances / Electronics / Furniture Tractor Supply 1 Appliances / Electronics / Furniture Chevy Dealer / Arnoldo Bomnin 1 Car Dealer Glassman Automotive 1 Car Dealer McKenney-Salinas Honda 1 Car Dealer Toys R Us Scorecard User # Locations Use Team Nissan 1 Car Dealer Baptist Health 1 Church Biltmore Church-E. Asheville Campus 1 Church Centerbranch Church 1 Church Burlington / Five Below 1 Discount GOODWILL (took half unit) 1 Discount Mad Monk Holdings, LLC. 1 Discount National Wholesale Liquidators 1 Discount Target 1 Discount Volunteers of America 1 Discount Extreme Air 1 Entertainment Get Air 1 Entertainment Phantom Fireworks 1 Fireworks Crunch Fitness 1 Fitness Jerome's Furniture 1 Furniture American Furniture Galleries 1 Furniture American Signature 1 Furniture Anko Furniture & Décor 1 Furniture DWR Outlet 1 Furniture Floor & Décor 1 Furniture Toys R Us Scorecard User # Locations Use Furniture Fair 1 Furniture Hamrick's Furniture 1 Furniture Haverty Furniture 1 Furniture Homebuy's Treasure hunt 1 Furniture HOMESENSE 1 Furniture Lomax Carpet & Tile Mart 1 Furniture Restoration Hareware Outlet 1 Furniture The Convertible Castle 1 Furniture Aldi / 30,660 sf available 1 Grocery Aldi / Sierra Trading Post 1 Grocery Amazon 1 Grocery 1 Grocery Farmers Fresh Market 1 Grocery Food Bazaar Supermarket 1 Grocery Giant Eagle, Inc. 1 Grocery Monterrey Market (Supermarket) 1 Grocery Northgate Gonzalez Supermarket 1 Grocery Patel Brothers 1 Grocery Supermercado 1 Grocery Trader Joes 1 Grocery Toys R Us Scorecard User # Locations Use South Broward Hospital District 1 Hospital CONVERTED TO OFFICE SPACE 1 Office space Party City (half of space) 1 Party Supply Building demolished for redevelopment 1 Redevelopment Redevopment-Panera Bread 1 Redevelopment Shoe Station 1 Shoes DECATHLON 1 Sporting Goods Woodsman Co Outdoor Outfitters 1 Sporting Goods Storage 1 Storage UHAUL 1 Storage Toys R Us Building Sales

STATE City ADDRESS GROSS SF STATUS PRICE PRICE PSF

FL Miami 8325 South Dixie Highway 39,580 Chevy Dealer / Arnoldo Bomnin $ 25,000,000 $ 631.63 CA Van Nuys 7886 N. Van Nuys Blvd. 37,000 Available $ 14,250,000 $ 385.14 VA Baileys Crossrds. 5521 Leesburg Pike 45,000 Available $ 15,310,000 $ 340.22 CA Emeryville 3938 Horton 46,090 DECATHLON $ 15,600,000 $ 338.47 TX Austin 4025 S. Capitol of Texas Hwy 42,500 Available $ 14,200,000 $ 334.12 NY Brooklyn 2875 Flatbush Ave. 45,980 Available $ 14,150,000 $ 307.74 CT Norwalk 59 Ave 30,000 Bob's Discount Furniture $ 8,500,000 $ 283.33 CA Bell Gardens 7102 Eastern Ave. 39,826 Available $ 9,600,000 $ 241.05 FL Pembroke Pines 12235 Pines Blvd. 45,000 South Broward Hospital District $ 10,750,000 $ 238.89 FL Naples 5305 Airport Pulling Rd. 30,000 Available $ 6,500,000 $ 216.67 FL Boynton Beach 601 N. Congress Ave. 36,600 Trikon Capital LLC $ 7,000,000 $ 191.26 CA Dublin 4990 Dublin Boulevard 37,000 Available $ 7,000,000 $ 189.19 FL Cutler Ridge 19525 So. Dixie Highway 38,000 Available $ 7,000,000 $ 184.21 PA King of Prussia 250 Mall Blvd. 38,156 Available $ 7,000,000 $ 183.46 OR Eugene 1133 Valley River Dr. 38,000 S&S Commercial Properties $ 6,900,000 $ 181.58 ME So. Portland 303 Mall Rd. 43,480 The Convertible Castle $ 7,700,000 $ 177.09 FL Plantation 8101 W. Broward Blvd. 45,308 PGA TOUR SUPERSTORE $ 7,600,000 $ 167.74 TN Murfreesboro 2075 Old Fort Parkway 30,000 Value City Furniture $ 5,000,000 $ 166.67 CA Modesto 2700 Sisk Road 43,000 Available $ 7,100,000 $ 165.12 FL Orlando 1631 Florida Mall Ave. 40,763 Available $ 6,500,000 $ 159.46 CA Porter Ranch 11460 Porter Ranch Dr. 48,000 sold $ 7,400,000 $ 154.17 IL Highland Park 1610 Deerfield Rd. 48,809 Available $ 7,500,000 $ 153.66 NY Valley Stream 300 W. Sunrise Highway 46,448 Available $ 7,000,000 $ 150.71 MD Baltimore 8804 Pulaski Highway 40,158 Ollies Bargain Outlet $ 6,000,000 $ 149.41 SC Columbia 140 Columbiana Dr. 45,378 Value City Furniture $ 6,600,000 $ 145.44 FL Palm Beach Gardens 3195 PGA Blvd. 45,000 Available $ 6,500,000 $ 144.44 NH Manchester 2 Keller St. 44,800 Team Nissan $ 6,300,000 $ 140.63 IL Niles 9555 N. Milwaukee Ave. 38,940 Patel Brothers $ 5,400,000 $ 138.67 NY Riverhead 1151 Old Country Road 34,000 Raymour & Flanigan $ 4,675,000 $ 137.50 CA Riverside 10391 Magnolia Ave. 48,993 Northgate Gonzalez Supermarket $ 6,600,000 $ 134.71 PA Springfield 770 Baltimore Pike 37,000 Available $ 4,959,991 $ 134.05

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STATE City ADDRESS GROSS SF STATUS PRICE PRICE PSF

AZ E. Mesa 1516 South Power Rd. 45,881 Scandinavian Designs Inc. $ 6,135,714 $ 133.73 CA Vista 1990 University Drive 37,000 Restoration Hareware Outlet $ 4,900,000 $ 132.43 CO Highlands Ranch 7155 Business Center Dr 37,000 Scandinavian Designs Inc. $ 4,535,714 $ 122.59 CT Milford 1522 24 Boston Post Road (PO Box 30,000 Available $ 3,673,000 $ 122.43 144) NY Blasdell 3464 McKinley Pkwy. 41,484 Raymour & Flanigan $ 5,000,000 $ 120.53 TN Memphis 8060 Giacosa Pl. 45,000 Ollies Bargain Outlet $ 5,350,000 $ 118.89 KS Wichita 8011 E. Kellogg 45,453 Available $ 5,350,000 $ 117.70 VA Fredericksburg 3101 Plank Rd. 30,000 East Coast Appliance Superstore $ 3,500,000 $ 116.67 TN Chattanooga 2200 Hamilton Place Blvd. 45,176 Electronic Express $ 5,150,000 $ 114.00 PA Langhorne 2345 East Lincoln Hwy. 43,040 Ashford Estate LLC $ 4,800,000 $ 111.52 CA Murrieta 39855 Alta Murrieta Dr. 45,493 Available $ 4,850,000 $ 106.61 PA Media 1154 West Baltimore Pike 43,000 Ollies Bargain Outlet $ 4,500,000 $ 104.65 TN Franklin 1735 Galleria Blvd. 52,000 Electronic Express $ 5,400,000 $ 103.85 NV Reno 5000 Smith Ridge Dr. 35,390 Available $ 3,650,000 $ 103.14 NC Jacksonville 1370 Western Blvd. 42,850 Kimbrell's Furniture $ 4,400,000 $ 102.68 NC Greenville 228 Southwest Greenville Blvd. 45,563 Kimbrell's Furniture $ 4,650,000 $ 102.06 IL Melrose Park 9200 W. North Ave. 39,380 Balboa $ 4,000,000 $ 101.57 NY Kingston 401 Frank Sottile Boulevard 30,625 Raymour & Flanigan $ 3,100,000 $ 101.22 UT Orem 86 E. University Parkway. 45,059 Available $ 4,500,000 $ 99.87 IL Orland Park 45 Orland Square Dr. 43,434 Available $ 4,300,000 $ 99.00 NC Wilmington 4510 Oleander Drive 45,183 Kimbrell's Furniture $ 4,450,000 $ 98.49 CA Mission Viejo 25362 El Paseo Road 44,904 Available $ 4,350,000 $ 96.87 OH Dublin 6547 Sawmill Road 40,683 Ollies Bargain Outlet $ 3,938,000 $ 96.80 AZ Glendale 7540 W. Bell Rd 29,000 Scandinavian Designs Inc. $ 2,735,714 $ 94.33 PA Monaca Route 18/Valley View Dr. 40,754 Giant Eagle, Inc. $ 3,750,000 $ 92.02 MD Salisbury 500 E. Naylor Mill Road 49,000 Hertrich Properties $ 4,500,000 $ 91.84 AZ Tucson 4619 N. Oracle Rd 37,300 Chuze Fitness $ 3,400,000 $ 91.15 IL Champaign 40 Anthony Drive 36,600 Crunch Fitness $ 3,300,000 $ 90.16 CT Milford 330 Oldgate Lane 38,000 Available $ 3,300,000 $ 86.84 MN Rochester 808 Apache Lane 45,453 Available $ 3,900,000 $ 85.80

Disclaimer-no rep or warranties on information supplied Toys R Us Building Sales

STATE City ADDRESS GROSS SF STATUS PRICE PRICE PSF

OH Cuyahoga Falls 590 Howe Ave. 40,763 Ollies Bargain Outlet $ 3,390,000 $ 83.16 IL Bloomingdale 404 W. Army Trail Rd. 44,081 Available $ 3,500,000 $ 79.40 CA Oxnard 2340 North Rose Avenue 38,000 Available $ 2,850,000 $ 75.00 PA Monroeville 3735 William Penn Hwy. 38,137 Scandinavian Designs Inc. $ 2,735,714 $ 71.73 WI Madison 2161 Zeier Road 45,451 Asian Supermarket $ 3,250,000 $ 71.51 CO Westminster 5650 West 88th Ave. 53,734 Available $ 3,750,000 $ 69.79 WI Milwaukee 3900 S. 27th St. 38,000 Monterrey Market (Supermarket) $ 2,650,000 $ 69.74 LA Lake Charles 3405 Gerstner Memorial Dr. 20,000 Available $ 1,393,458 $ 69.67 UT Ogden 4042 Riverdale Rd. 22,465 Scandinavian Designs Inc. $ 1,535,714 $ 68.36 VA Norfolk 400 Military Highway 45,000 East Coast Appliance Superstore $ 3,000,000 $ 66.67 PA Whitehall 955 Grape Streets 40,683 Carpet & Tile Mart $ 2,700,000 $ 66.37 IN Indianapolis 8250 Castleton Corner 39,323 Scandinavian Designs Inc. $ 2,535,714 $ 64.48 MI Pontiac 220 North Telegraph Rd. 40,762 Glassman Automotive $ 2,500,000 $ 61.33 PA Pennsdale 461 Lycoming Mall Circle 30,699 Ollies Bargain Outlet $ 1,874,000 $ 61.04 IL Gurnee 6050 Gurnee Mills Blvd. 44,894 Available $ 2,700,000 $ 60.14 VA Chesapeake 4120 Portsmouth Blvd. 30,000 Redevelopment $ 1,800,000 $ 60.00 NC Pineville 11300 Carolina Pl. Parkway 45,905 Scandinavian Designs Inc. $ 2,735,714 $ 59.60 PA Philadelphia 201 Franklin Mills Circle 45,453 Lomax Carpet & Tile Mart $ 2,700,000 $ 59.40 NC Winston Salem 3200 Silas Creek Parkway 45,183 Burlington $ 2,650,000 $ 58.65 WI Onalaska 2906 Market Place 44,261 Weiss Commercial RE LLC $ 2,500,000 $ 56.48 SC N.Charleston 7800 Rivers Ave. 40,763 Hawthorne LLC $ 2,300,000 $ 56.42 PA Wilkes Barre 620 Kidder St. 44,638 Ocean State Job lot $ 2,500,000 $ 56.01 IL Fairview Heights 120 Commerce Lane 45,783 Available $ 2,562,000 $ 55.96 PA Scranton 409 Scranton Carbondale Highway 36,416 Ocean State Job lot $ 2,000,000 $ 54.92 OH Miamisburg 2859 Miamisburg Centerville Rd 40,763 Bob's Discount Furniture $ 2,230,000 $ 54.71 OH Cincinnati 9959 Colerain Ave. 45,177 Bob's Discount Furniture $ 2,400,000 $ 53.12 IL Fairview Heights 114 Commerce Lane 22,138 Available $ 1,150,000 $ 51.95 AL Hoover 1715 Montgomery Highway 45,653 Ollies Bargain Outlet $ 2,325,000 $ 50.93 GA Athens 3900 Atlanta Hwy. 30,000 Landmark $ 1,525,000 $ 50.83 DE Newark 10 Geoffrey Dr. 39,514 Available $ 2,000,000 $ 50.61 MO St. Peters 5821 Sue Mandy Dr. 45,293 Scandinavian Designs Inc. $ 2,185,714 $ 48.26

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STATE City ADDRESS GROSS SF STATUS PRICE PRICE PSF KY Florence 7960 Connector Dr. 40,380 Homebuy's Treasure hunt $ 1,800,000 $ 44.58 SC Columbia 254 Harbison Boulevard 40,000 Available $ 1,650,000 $ 41.25 MI Madison Heights 32700 John R. Rd. 42,724 Scandinavian Designs Inc. $ 1,685,714 $ 39.46 WI Brookfield 355 S. Moorland Rd. 41,886 Available $ 1,600,000 $ 38.20 IL Downers Grove 1500 75th St. 48,304 Available $ 1,800,000 $ 37.26 OH Sandusky 5500 Milan Road 29,422 Ashley Furniture $ 1,000,000 $ 33.99 PA Johnstown 620 Galleria Drive 30,480 Scandinavian Designs Inc. $ 1,035,714 $ 33.98 IL Orland Park 15820 94th Avenue 38,000 Available $ 1,250,000 $ 32.89 WI Racine 2433 S. Greenbay Rd. 43,560 Burlington $ 1,400,000 $ 32.14 OH Boardman 317 Boardman Poland Rd. 46,749 Available $ 1,500,000 $ 32.09 MI Flint G 3274 South Linden Road 29,397 Scandinavian Designs Inc. $ 885,714 $ 30.13 IA Clive 8801 University 45,183 Available $ 1,000,000 $ 22.13 ME Bangor 6 Bangor Mall Blvd. 33,183 Available $ 652,333 $ 19.66

Disclaimer-no rep or warranties on information supplied