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INVESTMENT HIGHLIGHTS SUBJECT OFFERING

id-America Real Estate Corporation presents the opportunity to acquire MFestival at Jefferson Court, a grocery-anchored shopping center located in Louisville, Kentucky.

Address: 4501 Outer Loop Louisville, KY 40219

GLA: 168,697 SF

Grocery Anchor: Kroger

Significant Non-Anchor Party City, Boot Barn, Visionworks, Tenants: McAlister’s Deli, Kirkland’s, and Sleep Outfitters

Occupancy: 100%

WALT: 7.1 years

Year Built: 1988

Traffic Counts: Outer Loop – 30,900 VPD Preston Highway (State Route 61) – 29,000 VPD Jefferson Boulevard – 11,000 VPD Interstate 65 – 128,000 VPD Interstate 265 loop – 83,000 VPD at KEY FEATURES

DOMINANT GROCERY-ANCHORED SHOPPING CENTER – Festival at Jefferson Court is a successful grocery-anchored shopping center. Kroger has been operating at the center since inception in 1988 and generates huge sales volumes with a strong positive trend. Kroger agreed to an early renewal providing 12 years of firm term through 2033 demonstrating its long-term commitment to the shopping center. In recent years, the grocer expanded its store to include liquor offerings, incorporated its Clicklist Curbside Pickup service, and developed a fuel center

EXCEPTIONAL LOUISVILLE LOCATION – Louisville is the largest city in Kentucky with a population of 1.27 million within the MSA. The city is home to a diverse array of entertainment attractions including Churchill Downs, home of the Kentucky Derby. The headquarters of numerous international corporations are also located in Louisville including Yum! Brands, Humana, Brown-Forman, Kindred Healthcare, and Papa John’s Pizza. Additionally, the University of Louisville is a major fixture in DEMOGRAPHIC PROFILE WITHIN A 5-MILE RADIUS: the community with a premier athletic program and over 22,680 students.

DRAWING POWER – Festival at Jefferson Court is located at the northwest corner of Outer Loop (30,900 VPD) and Jefferson Boulevard. The property’s proximity to Interstate 65 (128,000 VPD) and the Interstate 265 loop (83,000 VPD) further enhance traffic at the center, drawing from the communities to the south including Hillview, Ashville, and Brooks. The strong performing grocer, excellent tenant line- POPULATION AVERAGE HH INCOME MEDIAN HOME VALUE up, and PetSmart and TJ Maxx shadow anchors also benefit the property. 176,392 $65,947 $148,711

DENSE, INFILL DEMOGRAPHICS – The surrounding area boasts a solid local profile. There are 176,500 residents enjoying average household incomes of $66,000 within a 5-mile radius. Since 2010, the population has grown by almost 4.6% and is expected to grow by another 2.3% in the next 5 years within the same radius.

$ POTENTIAL YIELDS – Offered “free and clear” of any existing debt, providing the opportunity for a buyer to take advantage of the debt markets. DAYTIME POPULATION MEDIAN AGE HOUSING UNITS 171,465 38.0 70,804 at

Tenant Unit Square Feet Tenant Unit Square Feet Tenant Unit Square Feet Kroger A0A 58,890 Spectrum A0V 3,520 City Gear D0D 5,397 H&R Block A0B 2,305 Lane Bryant C0A 4,480 Visionworks D0G 5,613 Boot Barn Western & Work Wear A0F 9,100 Results Physiotherapy C0D 4,636 Wingstop D0L 1,829 LEASING Nadia Beauty Supply A0H 19,200 Rainbow C0G 5,625 Papa John's Pizza D0M 1,868 Kirkland's A0M 8,775 The UPS Store C0H 1,200 Cricket Wireless D0N 1,425 Lavish Nails & Spa A0N 1,800 Party City C0K 14,420 McAlister's Deli D0R 4,200 Miracle-Ear A0P 1,400 Sleep Outfitters C0T 5,000 Total 168,697 Game Xchange A0R 2,000 Burnette Family Dentistry D0A 2,494 PLAN Sally Beauty A0S 2,000 Malone Staffing D0C 1,520

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LOCATION & MARKET REGIONAL MAP

• The Jefferson Court retail trade area features CBL’s one million- square-foot Jefferson Mall, anchored by JC Penney and Dillard’s and features American Eagle, Victoria’s Secret, Old Navy, Ross, and H&M. Round1, an entertainment concept that offers bowling, CLARKSVILLE arcades, billiards, karaoke, and ping-pong, opened in November 2018, backfilling a portion of the former Macy’s box.

NEW ALBANY • Louisville’s population continues to grow due to steady job growth, JEFFERSONVILLE a low cost of living, and affordable home prices. The city’s growth can also be attributed to urbanization as Kentucky residents move from rural areas to the city. The following chart demonstrates the ST MATHEWS LOUISVILLE MIDDLETOWN solid growth demographic profile of the surrounding area. LYNDON

DEMOGRAPHIC PROFILE AUDUBON PARK JEFFERSONTOWN WEST BUECHEL SHIVLEY LOUISVILLE INTERNATIONAL AIRPORT Distance from Subject: 1 mile 3 miles 5 miles

2020 Population 9,004 73,358 176,392 LYNNVIEW Forecasted 2025 Population 9,440 75,547 180,412 % Change 2020 to 2025 4.8% 3.0% 2.3% SPRING MILL 2020 Households 3,743 28,727 70,804 Forecasted 2025 Households 3,913 29,548 72,287 % Change 2020 to 2025 4.5% 2.9% 2.1% at SEATONVILLE 2020 Median Home Value $135,374 $137,591 $148,711 HERITAGE CREEK 2020 Daytime Demographics 11,194 70,047 171,465 2020 Average Household Income $58,095 $62,178 $65,947 2020 Median Household Income $46,230 $49,818 $51,920 2020 Per Capita Income $23,958 $24,472 $26,468 HILLVIEW 2020 Median Age 41.3 37.3 38.0 BROOKS at

PROPERTY DESCRIPTION • Originally constructed in 1988, Festival at Jefferson Court features 168,697 square feet of retail space situated on 15.9 acres. The property features inline box and shop tenants along with an “L” shape multi-tenant outlot. Additionally, shadow anchors PetSmart and TJ Maxx are located within the center, as well as four separately owned outlots fronting Outer Loop.

• The shopping center benefits from excellent roadside visibility and easy ingress and egress. Access to the mall is provided by three curb cuts on Outer Loop, two of which are signalized intersections. The site features adequate parking with a parking ratio of 4.55 spaces per 1,000 SF. TENANCY • Festival at Jefferson Court is anchored by Kroger and 100% leased to a vibrant mix of national and regional tenants including Boot Barn, Party City, City Gear, Visionworks, McAlister’s Deli, Sally Beauty, Rainbow, and more.

• Kroger, who operates in 58,890 square feet at the subject offering, is the market-leading grocer in Louisville and has the largest footprint in the state of Kentucky. Headquartered in Cincinnati, the grocer operates over 2,750 stores throughout the United States. Kroger generates sale volumes at this location of over $590 per square foot and recently agreed to a 10-year extension, confirming their commitment to the center.

• The shopping center has experienced significant leasing velocity recently. In the last two years, Kroger (10 year renewal), Party City (5 year renewal), Nadia Beauty Supply (new 7 year term), City Gear (new 7 year term), McAlister’s Deli (5 year renewal), Sally Beauty (3 year renewal), Lavish Nails & Spa (new 10 year term), Rainbow (5 year renewal), Spectrum (new 5 year term), Wingstop (new 5 year term), and Papa John’s Pizza (5 year renewal) have all signed new leases or renewed leases at Festival at Jefferson Court. These tenants represent more 70% of the center’s GLA.

• Festival at Jefferson Court features an ideal weighted average lease term remaining of more than 7 years resulting in a reliable and stable income stream for a Buyer. For more information, please contact: The Wrigley Building Joe Girardi Emily Gadomski 410 North Avenue, Suite 1100 Principal Associate Vice President Chicago, 60611 (A Licensed KY Broker) Direct: 630.261.6962 Direct: 630.954.7300 Direct: 630.954.7392 [email protected] [email protected]

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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.