Riverplace Shopping Center Grocery-Anchored Center Within Atlanta Msa

Home , Interstate 575, North Georgia mountains

NOR RIVERPLACE SHOPPING CENTER GROCERY-ANCHORED CENTER WITHIN ATLANTA MSA

CANTON, GA Overview

RIVERPLACE SHOPPING CENTER 108 RIVERSTONE PARKWAY, CANTON, GA 30114

$13,706,000 7.35% PRICE CAP

LEASABLE SF LAND AREA PRICE PER SF 127,853 SF 13.57 ACRES $107.20

OCCUPANCY NO. OF UNITS PARKING 98.75% 17 598 Spaces

Grocery-anchored shopping center with recent 10-year extension from Ingles Ingles just completed construction of a fueling station at their own expense showing commitment to this location Long term tenancies and multiple recent extensions demonstrate the intrinsic strength of the site Average household incomes within a 3 and 5-mile radius This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the are well above the national average 2 information. Buyer must verify the information and bears all risk for any inaccuracies. Investment Highlights Contact the THE OFFERING provides an opportunity to acquire the Riverplace Shopping Center in Canton, team Georgia, an affluent Atlanta submarket. Riverplace is an Ingles (NASDAQ: IMKTA) anchored center that features a lineup of both national and regional tenants, with several tenants ZEB RIPPLE having occupied their respective spaces for 16+ years. Ingles is on a corporate lease and has [email protected] anchored the subject property since 1998, and recently extended its lease for an additional PH: 415.274.2702 10 years through September, 2029 (Ingles has eleven 5-year options). In addition to the early CA DRE# 01242540 lease extension, Ingles commitment to this location is further evidenced the construction of a fuel center at their own cost which recently opened. Staples recently extended their lease for CHRIS KOSTANECKI an additional three years and Cato’s Fashions exercised their last remaining five year option [email protected] at double their current rent and without any concessions from the Landlord. The multiple PH: 415.274.2701 extensions and recent positive leasing momentum are indicative of the tenants’ commitment CA DRE# 01002010 to the center and intrinsic viability of the real estate. CHRIS PETERS THE SUBJECT PROPERTY is located on Riverstone Parkway within Canton’s primary retail trade area, and benefits from excellent street visibility and traffic counts of 18,700 VPD. [email protected] Riverstone Parkway funnels into Interstate 575 (54,800 VPD), a north-south highway that PH: 415.274.2703 connects the metro Atlanta area with the north Georgia mountains. Southeast of the shopping CA DRE# 01339983 center is the recently constructed Northside Hospital-Cherokee, which is a 118-bed, full-service community hospital that opened in 2017 and has 800 physicians and 2,300 employees. Other JACK NAVARRA drivers to the area include Cherokee High School, which has over 2,600 students and is [email protected] located one mile southwest of the subject property. The surrounding area includes a blend of PH: 415.274.2705 nationally-recognized retailers, which include The Home Depot, Aldi, Chick-fil-a, Dollar Tree, CA DRE# 01909630 CVS, McDonald’s, and Starbucks. IN CONJUNCTION WITH GA LICENSED BROKER: Steve Miller Miller Realty Services, Inc. [email protected] 770.409.0266

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any INGLES RECENTLY EXTENDED FOR 10 YEARS AND COMPLETED inaccuracies. CONSTRUCTION OF A FUEL CENTER AT THEIR OWN EXPENSE 3 Zoomed-In Aerial

WALESKA ROAD

18,170 140 VPD

RIVERSTONE PARKWAY FUELING STATION

G. CECIL PRUETT COMMUNITY CENTER (315 UNITS)

HERITAGE PARK ATLANTA 40 MILES

HIGHWAY

BALL GROUND 140 17,450 VPD

REINHARDTPARKWAY COLLEGE ATLANTA 40 MILES

WALESKA ROAD

18,700 575 RIVERSTONE PARKWAYVPD

CHEROKEE COUNTY

GEORGIA DMV CITY OF CANTON

LIBRARY 17,660 HIGH W MAIN VPD SCHOOL STREET 2,600+ E MAIN STUDENTS CHEROKEE COUNTY STREET CITY OF CANTON 20

CHEROKEE COUNTY

NORTHSIDE 54,800 HOSPITAL VPD GOLF 25,200 140 COURSE VPD 575

(315 UNITS)

TECALI GRILLE CHEROKEE LOAN CANTON TAEKWONDO DRAGON EYE HOBBIES CANTON HOUSE RED NAIL

MULTI TENANT NAP

RECENTLY CONSTRUCTED INGLES FUEL STATION

G. CECIL PRUETT COMMUNITY CENTER

RECENTLY CONSTRUCTED INGLES FUEL TECALI GRILLE STATION CHEROKEE LOAN CANTON TAEKWONDO DRAGON EYE HOBBIES CANTON HOUSE RED NAIL

MULTI TENANT NAP

RETAILERS IN CLOSE PROXIMITY INCLUDE:

Aldi Bealls Outlet Chevron Captain D’s CVS Dollar Tree Applebees Walgreens The Home Depot Panda Express Publix Days Inn by Wyndham Starbucks Michaels Hardee’s Belk Dunkin’ Donuts Krystal Chase Bank Sherwin-Williams Paint Store

CANTON IS PREDICTED TO EXPERIENCE 49% JOB GROWTH OVER THE NEXT 10 YEARS BUSINESS SUMMARY

TOTAL 1-MILE 3-MILES 5-MILES

Businesses 517 1,194 1,922

Employees 5,907 13,977 21,804

Residential 8,159 25,336 58,442 Population

KEY 1-MILE 3-MILES 5-MILES 8 Subject Property

9 Surrounding Retail

10 Income & Expense

CURRENT PROPOSED Price: $13,706,000 Proposed Loan Amount $9,594,200 Capitalization Rate: 7.35% Loan To Value 70% Price Per Square Foot: $107.20 Interest Rate 4.65% Down Payment 30% $4,111,800 Amortization 30 Loan Amount 70% $9,594,200 Term 10 Total Leased (SF): 98.75% 126,253 Net Operating Income $1,007,291 Total Vacant (SF): 1.25% 1,600 Debt Service ($593,655) Total Rentable Area (SF): 100.00% 127,853 Pre-Tax Cash Flow $413,636 INCOME P/SF Debt Coverage Ratio 1.70 Scheduled Rent $8.44 $1,065,772 Cash-on-cash Return 10.06% Recoveries* $252,113 Principal Pay Down (Year 1) $150,710 EFFECTIVE GROSS INCOME $1,317,885 Total Return $564,345 Vacancy Factor (5% of EGI exclusive of Ingles) ($37,394) Yield 13.73% ADJUSTED GROSS INCOME $1,280,491 For more information on the loan quote, please contact EXPENSE P/SF Dan Friederberg with Barry Slatt Mortgage at (650) 342-6755 Property Taxes ($0.82) ($105,000) Insurance ($0.29) ($37,000) CAM ($0.63) ($80,000.00) Management Fee ($0.30) ($38,414.72) New Lease Base Rent (2,500 SF) $0 Structural Reserve ($0.10) ($12,785.30) FLOW PROPOSED FINANCING/CASH TOTAL OPERATING EXPENSES ($2.14) ($273,200) Leasing Commissions (25% of Year 1) $0

NET OPERATING INCOME $1,007,291 Total Lease Up Costs $16,000 *Based on 2019 budget including pending vacancy

LEASE TERMS RENT SUMMARY

TENANT SQ. FT. % OF GLA TERM MONTHLY RENT ANNUAL RENT RENT/FT

Ingles ¹ 62,603 48.96% 11/20/98 09/28/29 $37,500 $450,000 $7.19 Corporate Option 1 09/29/29 09/28/34 $37,500 $450,000 $7.19

Staples 27,200 21.27% 07/31/99 12/31/22 $13,600 $163,200 $6.00 Recent 3-year extension Option 1 01/01/22 12/31/26 $24,140 $289,680 $10.65

Aaron’s 8,450 6.61% 03/01/03 03/31/23 $6,706 $80,474 $9.52 Corporate Cato 6,000 4.69% 02/01/93 01/31/20 $2,250 $27,000 $4.50 Corporate Option 1 02/01/20 01/31/25 $4,500 $54,000 $9.00

Canton Shuffle Inn 3,640 2.85% 03/14/19 07/13/20 $3,460 $41,520 $11.41 Personal Guaranty 07/14/20 07/31/21 $3,780 $45,360 $12.46 07/14/21 07/13/22 $4,080 $48,960 $13.45 07/14/22 07/13/23 $4,380 $52,560 $14.44 07/14/23 07/13/24 $4,580 $54,960 $15.10

Canton Taekwondo Center 2,800 2.19% 08/01/16 12/31/17 $2,567 $30,800 $11.00 Personal Guaranty 01/01/18 12/31/18 $2,644 $31,724 $11.33 01/01/19 12/31/19 $2,724 $32,684 $11.67 01/01/20 12/31/20 $2,807 $33,680 $12.03 01/01/21 12/31/21 $2,892 $34,700 $12.39 Option 1 01/01/22 12/31/26 To be negotiated

Dragon Eye Hobbies 2,725 2.13% 10/01/14 11/30/19 $3,060 $36,720 $13.48 Personal Guaranty Red Nail 910 0.71% 11/01/08 11/30/19 $1,170 $14,042 $15.43 Personal Guaranty Security Finance ³ 1,300 1.02% 06/01/10 08/31/19 $1,650 $19,800 $15.23 09/01/19 08/31/20 $1,700 $20,394 $15.69 09/01/20 08/31/21 $1,750 $21,006 $16.16 09/01/21 08/31/22 $1,803 $21,636 $16.64

LEASE TERMS RENT SUMMARY

TENANT SQ. FT. % OF GLA TERM MONTHLY RENT ANNUAL RENT RENT/FT

Global Insurance & Tax Services 1,300 1.02% 02/01/16 03/31/20 $1,536 $18,429 $14.18 04/01/20 03/31/21 $1,582 $18,982 $14.60 04/01/21 03/31/22 $1,629 $19,551 $15.04

Canton Ice Cream 975 0.76% 05/09/18 08/31/19 $1,206 $14,475 $14.85 09/01/19 08/31/20 $1,242 $14,909 $15.29 09/01/20 08/31/21 $1,280 $15,357 $15.75 09/01/21 08/31/22 $1,318 $15,817 $16.22 09/01/22 08/31/23 $1,358 $16,292 $16.71

Canton Chinese House 1,950 1.53% 07/01/11 06/30/19 $2,110 $25,320 $12.98 Personal Guaranty 07/01/19 06/30/20 $2,175 $26,100 $13.38 07/01/20 06/30/21 $2,240 $26,880 $13.78

Tecali Grill 1,800 1.41% 10/01/15 09/30/19 $2,405 $28,860 $16.03 Personal Guaranty 10/01/19 09/30/20 $2,475 $29,700 $16.50 10/01/20 09/30/21 $2,550 $30,600 $17.00 Option 1 10/01/21 09/30/26 To be negotiated

Fast Track Weight Loss 1,600 1.25% 07/06/18 10/31/19 $1,800 $21,600 $13.50 Personal Guaranty 11/01/19 10/31/20 $1,854 $22,248 $13.91 11/01/20 10/31/21 $1,910 $22,915 $14.32 11/01/21 10/31/22 $1,967 $23,603 $14.75 11/01/22 10/31/23 $2,026 $24,311 $15.19

Cherokee Loan 1,700 1.33% 08/01/11 10/31/20 $1,600 $19,200 $11.29

Metro PCS 1,300 1.02% 07/01/15 06/30/19 $1,670 $20,040 $15.42 Personal Guaranty 07/01/19 06/30/20 $1,700 $20,400 $15.69

Vacant 1,600 1.25% - - $1,867 $22,400 $14.00 OCCUPIED 126,253 98.75% TOTAL CURRENT $88,814 $1,065,772 $8.44

VACANT 1,600 1.25%

CURRENT TOTALS 127,853 100.00%

This information has been secured from sources we believe to be reliable but we make no Ingles has eleven 5-year options with a flat annual rent of $450,000/year ¹ representations or warranties, expressed or implied, as to the accuracy of the information. Buyer 13 must verify the information and bears all risk for any inaccuracies. Site Plan AVAILABLE

MULTI-TENANT BUILDING NAP

FUEL STATION NOT A PART

PYLON SIGN

18,170 RIVERSTONE PARKWAY VPD

Ingles Markets, Inc. is a regional supermarket chain based in Black Mountain, North Carolina. Its supermarkets offer various food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, including fuel centers such as the one the currently under construction at this site, pharmacies, health and beauty care products, and general merchandise, as well as private label items. Ingles operates 190 grocery stores and 102 fuel stations in six southeastern states: Alabama, Georgia, North Carolina, South Carolina, Tennessee, and Virginia.

In 2018, Ingles reported total sales of $4.09 Billion and gross income of $980 million.

CLICK FOR MORE INFO 2018 TOTAL ABOUT INGLES’ Q2 SAME SALES $4.09B STORE SALES GROWTH

ABOUT STAPLES

Staples, founded in 1986, is a U.S. based multinational office supply retailer. Staples offers a variety of products and services with expertise across office supplies, facilities, breakroom, furniture, technology, promotional products, and print and marketing services. They provide omnichannel options for their customers to access their products and services including direct sales, eCommerce, mobile, AI-powered “conversational commerce” and retail. Staples has 1,118 U.S. stores and 330 Canadian locations. In September 2017 Staples was acquired by Sycamore Partners for $6.9 Billion, This information has been secured from sources we believe to be reliable but we make no representations or warranties, becoming a privately owned company. expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 15 Tenant Mix

AARON’S METRO PCS

Aaron’s is a leading lease-to-own retailer, specializing in the MetroPCS, owned and operated by T-Mobile US, is a sales and lease ownership of specialty furniture, electronics, prepaid wireless service in the U.S. that provides nationwide and appliances. The company employs a monthly payment talk, text, and data depending on the plan services using a model to provide household goods to lower to middle variety of networks. T-Mobile’s success is in large part due income consumers, opening the doors to customers with to their advanced nationwide 4G LTE network delivering limited access to traditional credit sources. Aaron’s stores exceptional wireless experiences to customers. Based in provide a selection of brand name items, such as Samsung, Bellevue, Washington, T-Mobile US operates its flagship Frigidaire, Hewlett-Packard, LG, Whirlpool, Simmons, and brands, T-Mobile and MetroPCS, and currently covering Phillips. Founded in 1955, Aaron’s currently operates more more than 325 million people on 4G LTE, boasts revenues than 1,689 stores across 42 states, Puerto Rico, and Canada. of $43.3 billion, and employs approximately 51,000 people. In 2018, Aaron’s reported record revenues of $3.8 Billion.

2018 TOTAL $3.8B REVENUES THE ONE TAEKWONDO CENTER CATO The One Taekwondo Center has two locations in the Atlanta Cato Corporation is a leading specialty retailer of value- MSA, including the one in Canton. Taekwondo Martial Arts priced fashion apparel and accessories operating three classes are available to children and adults, also available are concepts, “Cato”, “Versona” and “It’s Fashion”. Cato offers family classes, after school and summer programs. Students the latest women’s fashion styles for any occasion – work or build strength, speed, and discipline, while also learning play, dressy or casual in junior/misses and plus sizes, jewelry, how to face tough challenges like bullies and intimidation. shoes and accessories at low prices every day. The company also offers exclusive merchandise found in its Cato stores at www.catofashions.com. STRONG MIX OF NATIONAL Cato Corporation operates 1,306 stores in 31 states and AND LOCAL TENANTS reported sales of $821 Million in fiscal year 2018.

2018 TOTAL This information has been secured from sources we believe to be reliable but we make no SALES representations or warranties, expressed or implied, as to the accuracy of the information. Buyer 16 $821M must verify the information and bears all risk for any inaccuracies. Tenant Mix

SECURITY FINANCE TECALI GRILL

For more than 60 years, Security Finance has proudly Tecali Grille is a locally owned restaurant that serves authentic provided easy and safe installment loans and tax preparation Mexican food. The atmosphere is quaint and family oriented, to the Canton community. Security Finance is located across serving as a staple of the Canton community. The restaurant the U.S. with over 930 branches. is open for lunch and dinner 7 days a week.

GLOBAL INSURANCE & TAX SERVICES CHEROKEE LOAN

Global Insurance & Tax Services is a full-service, year- Cherokee Loan is a small locally owned loan office, servicing round income tax preparation company specializing in fully Cherokee and surrounding counties. As a family-owned computerized federal and state tax preparation of individual company, Cherokee Loan has been providing the community returns. They also offer insurance for home insurance, with cash advance loans and credit repair loans for over 75 car insurance, worker’s compensation and much more. years. Established in 2006, the company has grown to 13 locations across Georgia. CANTON SHUFFLE INN

CANTON CHINESE HOUSE The Canton Shuffle Inn is a new bar and restaurant scheduled to open in the spring of 2019. Canton China House is a local Chinese restaurant that offer dumplings, fried rice and other popular Chinese dishes, all RED NAIL served in a casual environment. With an ample menu and low prices, Canton China House is a staple throughout the Red Nail Salon is a nail salon offering trendy, fashion forward Canton community. nail designs. Customers can choose from services such as gel manicures, pedicures, traditional manicures, and nail art. Nail salons have consistently remained a needed service, bringing in $8.53 billion into the U.S. economy in 2017.

POPULATION 1-MILE 3-MILES 5-MILES CANTON 2010 7,084 20,552 48,904

2018 8,159 25,336 58,442 ALPARETTA 2023 9,108 28,030 64,617 MARIETTA LAWRENCEVILLE 2018 HH INCOME ATLANTA 1-MILE 3-MILES 5-MILES MSA DOUGLASVILLE Average $50,434 $71,480 $81,720 CONYERS

TOP EMPLOYERS IN THE ATLANTA MSA COLLEGE PARK EMPLOYER EMPLOYEES FAYETTEVILLE Delta Airlines 34,500

Emory University & Emory Healthcare 32,091

The Home Depot 16,510

Northside Hospital 16,000 Piedmont Heathcare 15,900 CANTON IS PREDICTED TO EXPERIENCE 49% JOB GROWTH OVER THE NEXT 10 YEARS

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and 18 bears all risk for any inaccuracies. Location Overview CANTON, GEORGIA

DOWNTOWN ATLANTA

CANTON, GA is a part of the booming Atlanta MSA, located 41 THE ATLANTA MSA spans over 140 cities and towns, 39 miles north of downtown Atlanta along Interstate 575. Canton’s counties, and nearly 5.8 million people. Atlanta is the 3rd economy, has pivoted from its historical focus on cotton textile fastest growing metro, gaining nearly 90,000 people between manufacturing and has diversified to include healthcare, 2016 and 2017, and added 103,100 jobs. By 2040, the metro is education, technology and advanced manufacturing. expected to grow to nearly 9 million people.

Canton currently has an unemployment rate below the national average at 3.0%. In the last year alone, Canton’s job market saw 5.8 MILLION 2.9% over the previous year. Future job growth over the next This information has been secured from sources we ten years is predicted to be 49.9% in Canton, which is higher believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy than the U.S. average of 33.5%. ATLANTA MSA of the information. Buyer must verify the information and POPULATION bears all risk for any inaccuracies. (ESTIMATED) 19 Atlanta MSA

GENERAL STATS ATLANTA Atlanta is the largest city within the state of Georgia. MSA The Atlanta MSA has a population of over 5.8 1ST LARGEST CITY IN GEORGIA million residents across nine counties, making it 9TH LARGEST MSA IN THE U.S. is the ninth-largest MSA in the United States, and the third fastest growing MSA. 3RD FASTEST GROWING MSA IN THE U.S. Atlanta is home to Hartsfield-Jackson International Airport, known #1 MOST AFFORDABLE BIG CITY NAMED BY WALLETHUB as the busiest airport in the world, serving over 275,000 passengers and 2,700 arrivals and departures a day. Atlanta is also home to 13 #6 BEST CITY FOR JOB SEEKERS IN 2017 Fortune 500 companies, including The Home Depot, United Parcel NAMED BY NERDWALLET Service (UPS), Coca-Cola, and Delta Airlines. Atlanta has more than 13 FORTUNE 500 HEADQUARTERS 66 colleges and universities offering higher education options to more than 100,000 students in the metro. The city is also home to 2.98 MILLION JOBS IN THE METRO AREA major profession league teams in almost every sport including: MLB 1ST BUSIEST AIRPORT IN THE WORLD - the Atlanta Braves, NBA - the Atlanta Hawks, NFL - the Atlanta Falcons, and MLS - the Atlanta United FC.

DOWNTOWN ATLANTA

ZEB RIPPLE CHRIS KOSTANECKI [email protected] [email protected] PH: 415.274.2702 PH: 415.274.2701 CA DRE# 01242540 CA DRE# 01002010

CHRIS PETERS JACK NAVARRA [email protected] [email protected] PH: 415.274.2703 PH: 415.274.2705 CA DRE# 01339983 CA DRE# 01909630

IN CONJUNCTION WITH GA LICENSED BROKER: Steve Miller Miller Realty Services, Inc. [email protected] 770.409.0266

CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM:

ZEB RIPPLE CHRIS KOSTANECKI CHRIS PETERS

JOHN ANDREINI JOE CACCAMO DAVE LUCAS

JUSTIN SHARP RICK SANNER JACK NAVARRA

ZANDY SMITH JUSTIN STARK SAMANTHA TULLIO