7500 Bullard Ave New Orleans, LA Investment Advisors

JDS Real Estate Services

Lakewood Plaza Shopping Center 7500 Bullard Ave New Orleans, LA Investment Advisors

ENRI PINTO VP of National Sales CONFIDENTIALITY Miami Office AND DISCLOSURE Phone: 305-924-3094 [email protected] The information contained in the following Offering Memorandum (“OM”) is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Apex Capital Realty and should not be made available to any other person, entity, or affiliates without the written consent of Apex Capital Realty. By taking possession of and reviewing STEVEN VANNI the information contained herein the recipient agrees to hold and treat all such information Managing Director in the strictest confidence. The recipient further agrees that recipient will not photocopy or Miami Office duplicate any part of the offering memorandum. If you have no interest in the subject prop- Phone: 305-989-7854 erty at this time, please return this offering memorandum to Apex Capital Realty. This OM has been prepared to provide summary, unverified information to prospective purchasers, [email protected] 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. Apex Capital Realty 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 per- TONY SOTO formance of the property, the size and square footage of the property, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, Commercial Advisor or any tenant’s plans or intentions to continue its occupancy of the subject property. The Miami Office information contained in this OM has been obtained from sources we believe to be reliable; Phone: 305-607-6012 however, Apex Capital Realty has not verified, and will not verify, any of the information [email protected] contained herein, nor has Apex Capital Realty 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. MIGUEL PINTO Miami Office NON-DISCLOSURE NOTICE BROKER OF RECORD Apex Capital Real Estate Investment Services, Inc. (“Apex”) is not affiliated with, sponsored MIAMI by, or endorsed by any commercial tenant or lessee identified in this OM. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or Phone: 305-607-6012 sponsorship or endorsement by, said corporation of Apex, its affiliates or subsidiaries, or any [email protected] agent, product, service, or commercial listing of Apex, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

JENNIFER STEIN BROKER OF RECORD DISCLAIMER In compliance with Louisiana law Apex Capital Realty, cooperates with JDS Real Estate Ser- JDS Real Estate Services, Inc. vices licensed and registered in the state of Louisiana as a Broker of Record for any transac- BROKER OF RECORD tions detailed within the materials of this document. LOUSIANA OSL Cooperating Broker ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE Phone: 213-446-5366 APEX LISTING AGENT FOR MORE DETAILS [email protected] Exceptional Investment Opportunity

Apex Capital, in cooperation with JDS Real Estate Services as exclusive advisors, is pleased to present the exceptional opportunity to acquire Lake- wood Plaza Shopping Center located at 7500 Bullard Ave, New Orleans, LA, 70128 (”The Property”). Situated on roughly 6.80 Acres, the 27,193 Square Foot shopping center was constructed in 1981 and fully renovated in 2013. The property is anchored by Dollar Tree, syntactically tenanted with Hibbet Sports, along with the Louisiana Office of Motor Vehicles, and other local and regional tenants.

The tenant mix provides for stable cash flow for new investors, as well as significant upside for savvy developers, by developing the included 2 acres of land directly connected to the building and outparcel for additional retail space.

Fronting Bullard Ave, just north of I-10, and just off a main exit, the property is an ideal retail center providing community necessities in the central corridor of all the main thoroughfares in the area. The property is located within 1 mile of Walmart, Home Depot, and many of the main shopping destinations in the area. The property is located just 10-Miles from the French Quarter, the main economic driver in New Orleans.

As a covered land investment opportunity this property benefits from government leases, national-credit tenancy, and local long standing tenants. The property provides sufficient cash flow at a discount price, with the ability to redevelop and capitalize on a much larger return in the near future.

2 Acre Developement Opportunity Investment Summary Investment Summary Lakewood Plaza Shopping Center

LAKEWOOD PLAZA - Situated on roughly 6.79 Acres, The site would likely be a great candidate for a gro- the 27,193 Square Foot shopping center was con- cery store, as there are no other grocery stores in structed in 1981 and fully renovated in 2013. a 3-mile radius, East New Orleans must either do The property is anchored by Dollar Tree, other their grocery shopping at Walmart or travel out of tenants include Hibbet Sports, Louisiana Office the area to do their grocery shopping. This area is of Motor Vehicles, Napoli Pizza, PCNO Driving densely populated with affluent and median-in- School, and Goldstar Beauty Supply. The tenant come homes who would benefit greatly from a mix provides for stable cash flow for new inves- dedicated grocer in the area, the closest true gro- tors, as well as significant upside by developing cer to the center is located just over 3-Miles away. out the included 2 acre lot attached to the center. The sale includes an additional separate out-par- All tenants are currently paying below market rents, cel of land that was previously a shell gas sta- allowing further capitalization from the opportu- tion, on the corner of Bullard Ave and Morri- nity to increase rents and capturing current devel- son Rd. Ownership purchased the gas station opment opportunity, creating significant upside. from shell with plans of incorporating the space into the redevelopment of the center. DEMOGRAPHICS - Since hurricane Katrina in 2005, East New Orleans has seen an explosive resur- STABLE CASH FLOW - With a current Net Operating gence in population and capital influx. With de- Income of $316,723, future investors will bene- mographics growing over 16% in the past 8 years fit from full roster stable cash flow over the next 5 and Median Household Income over $55,000 years. Dollar Tree currently occupies 8,800 Square a year, East New Orleans is a gem market, with Feet providing a key anchor tenant to future own- great growth rates to support future development. ers, Hibbet Sports concurrently occupies 4,150 Sqaure Feet, with Goldstar Beauty Supply occu- The property is situated in a great major MSA, pying 6,400 Square Feet of the center. With over engulfed with affluent and median homes the 60% of income coming from 3 tenants with ideal perfect economic driver for lower price point lease terms, future owners will be able to rely on stores like Dollar Tree and Hibbet Sports. stable cash flow while developing additional retail space in the center, creating significant upside. DEVELOPMENT OPPORTUNITY - The property currently has an included 2 acre lot adjacent to the LOCATION - 7500 Bullard Ave is located in the East current center, which provides for 50,000-square New Orleans sub-market of the New Orleans MSA. feet of additional retail development opportunity. The Property’s strategic location along bullard ave, The site was formerly a Winn-Dixie grocery store provides customers with direct and easy access to and retail strip that was damaged during hurricane I-10, the main highway in the area. The property is Katrina. The buildings were demolished by own- located just 2 blocks from I-10, making it accessible ership with plans to be redeveloped at a later time. to any passerby off of the Interstate exit. The prop- The concrete foundation is still in place providing erty is located at the intersection of Bullard Ave and 50,257 square-feet of building space and own- Morrison Rd with 2 points of ingress and egress ership has architectural plans for development. along each road; 4 total points of ingress/egress. FINANCIALS Lakewood Plaza Shopping Center 7500 Bullard Ave - New Orleans, LA

Pricing Summary | Lakewood Plaza is being offered free & clear of debt at a 7.72% Cap Rate for $4,100,000

Lakewood Plaza:

PRICING SUMMARY

Listing Price: $4,100,000

Cap Rate: 7.72%

Net Operating Income: $316,723 Value Add Opportunity Total Rentable Square Footage: 27,193 Lakewood Plaza is being sold with an Price Per Square Foot: $151 additional 2 acres of retail develope- met space. The foundation is already Percent Leased: 97% poured with architectual plans. The additional building area can be Total Land Area: 6.79 Acres used to capitalize on an additional 50,257 square-feet of Year Renovated: 2013 retail space adding sub- stantial upside for buyers. Year Built: 1981 Lakewood Plaza Shopping Center 7500 Bullard Ave - NEw Orleans, LA

Lease Term Minimum Rent Annual Recovery Rent % of Lease Yrs. Wt. Avg.

Tenant Suite GBA % Start End Annual Monthly PSF CAM Taxes Insurance Admin Revenue Remain Remain

Nail Studio 1 1,200 4.4% 5/1/12 4/30/20 20,400 1,700 $17.00 1,640 1,220 $468 $698 6.0% 1.75 0.08 Napoli Pizza 2 1,515 5.6% 11/1/14 10/31/19 24,000 2,000 $15.84 2,071 1,541 $591 $1,394 7.1% 1.25 0.07 PCNO Driving School 3 1,260 4.6% 1/1/14 12/31/21 24,000 2,000 $19.05 1,722 1,281 $492 639 7.1% 3.42 0.16 Office of Motor Vehicles 4 2,965 10.9% 1/4/14 12/31/22 55,500 4,625 $18.72 - - - - 16.4% 4.42 0.50 Hibitt Sports 5 4,160 15.3% 9/13/13 9/30/20 56,160 4,680 $13.50 5,687 4,231 $1,624 2,109 16.6% 2.17 0.34 Dollar Tree* 6 8,812 32.4% 10/16/13 1/31/24 85,917 7,160 $9.75 12,046 8,962 $3,442 - 25.4% 5.50 1.84 Goldstar Beauty Supply 7 6,426 23.6% 1/1/17 5/31/22 72,000 6,000 $11.20 8,784 6,535 $2,510 $3,258 21.3% 3.83 0.94

Vacancy* (LOI w/ AT&T) 8 855 3.1% ------Total 27,193 100.0% $337,977 $28,165 $12.83 31,951 23,770 9,130 8,099 100.0% 1.31 3.93 Pro-Forma 2019 * Dollar Tree is set for its first renewal option January 31, 2019, ownership is confident tenant will continue to occupy the space. Income DEMOGRAPHICS Scheduled Base Rental Revenue $344,633

Expense Reimbursement Revenue Traffic Counts: 25,566 Common Area Maintenance 30,633 Taxes 23,023 1-Mile Population: 13,778 Insurance 8,843 Management Fee 8,082 3-Mile Population: 58,574 Total Reimbursement Revenue $70,592

5-Mile Population: 76,826 Potential Gross Income $415,225 General Vacancy (10,339) Effective Gross Income $404,886 10-Mile Population: 323,197

Expenses 3-Mile Avg HH Income: $48,122.00 Common Area Maintenance 35,653 Taxes 26,785 5-Mile Avg HH Income: $56,581.00 Insurance $10,288

Management Fee 15,437 10-Mile Avg HH Income: $58,106.00

Total Expenses $88,163 2018-2025 Avg Growth Projection: 11.17%

Net Operating Income $316,723 2010-2018 Avg Growth: 16.86% Lakewood Plaza Shopping Center LEASE SUMMARY

GLA Lease Term Payment Dates Minimum Rent Tenant Suite % share Start End Start End Annual Monthly PSF % Change Option Notice

Nail Studio 1 1,200 5/1/2012 4/30/2020 1/1/18 12/31/20 $20,400.00 $1,700.00 $17.00

Lease comments: Tenant: Utilities - Individually metered and paid directly to provider, CAM - Recovery based on Pro-Rata square footage, Taxes - Recovery based on Pro-Rata square footage, Insurance - Tenant shall maintain and reimburse for insurance expenses. Landlord: HVAC, Structure, Roof. LEASE STRUCTURE: NNN

Napoli Pizza 2 1,515 11/1/2014 10/31/2019 11/1/17 10/31/19 $24,000.00 $2,000.00 $15.84

11/1/19 10/31/24 $33,000.00 $2,750.00 $21.78 37.50% Option #1 *180 Days

11/1/24 10/31/29 $44,550.00 $3,712.50 $29.41 35.00% Option #2 *180 Days

11/1/29 10/31/34 $60,142.50 $5,011.88 $39.70 35.00% Option #3 *180 Days

11/1/34 10/31/39 $81,192.38 $6,766.03 $53.59 35.00% Option #4 *180 Days

PCNO Driving School 3 1,260 1/1/2014 12/31/2021 1/1/18 12/31/21 $24,000.00 $2,000.00 $19.05

Office of Motor Vehicles 4 2,965 1/4/214 12/31/2022 1/2/18 12/31/22 $55,500.00 $4,625.00 $18.72

Lease comments: Landlord responsible for all expenses and utilities. LEASE STRUCTURE: GROSS LEASE GLA Lease Term Payment Dates Minimum Rent Tenant Suite % share Start End Start End Annual Monthly PSF % Change Option Notice

Nail Studio 1 1,200 5/1/2012 4/30/2020 1/1/18 12/31/20 $20,400.00 $1,700.00 $17.00

Lease comments:

Napoli Pizza 2 1,515 11/1/2014 10/31/2019 11/1/17 10/31/19 $24,000.00 $2,000.00 $15.84

11/1/19 10/31/24 $33,000.00 $2,750.00 $21.78 37.50% Option #1

11/1/24 10/31/29 $44,550.00 $3,712.50 $29.41 35.00% Option #2

11/1/29 10/31/34 $60,142.50 $5,011.88 $39.70 35.00% Option #3

11/1/34 10/31/39 $81,192.38 $6,766.03 $53.59 35.00%

Lease comments:

PCNO Driving School 3 1,260 1/1/2014 12/31/2021 1/1/18 12/31/21 $24,000.00 $2,000.00 $19.05

Lease comments:

Dept. of Motor Vehicles 4 2,965 1/4/214 12/31/2022 1/2/18 12/31/22 $55,500.00 $4,625.00 $18.72 Lakewood Plaza Shopping Center LEASE SUMMARY

Hibitt Sports 5 4,160 9/13/2013 9/30/2020 10/1/17 9/30/20 $56,160.00 $4,680.00 $13.50

10/1/20 9/30/25 $56,992.00 $4,749.33 $13.70 1.48% Option #1 *120 Days

10/1/25 9/30/30 $62,400.00 $5,200.00 $15.00 9.49% Option #2 *120 Days

10/1/30 9/30/35 $68,640.00 $5,720.00 $16.50 10.00% Option #3 *120 Days

Lease comments: Tenant: CAM - Recovery based on Pro-Rata square footage, Taxes - Recovery based on Pro-Rata square footage, Insurance - Tenant shall maintain and reimburse for inusrance expenses. Landlord: HVAC, Structure, Roof. LEASE STRUCTURE: NNN

Dollar Tree 6 8,812 10/16/2013 1/31/2019 2/1/18 1/31/19 $85,917.00 $7,159.75 $9.75

2/1/19 1/31/24 $90,323.00 $7,526.92 $10.25 5.13% Option #1 *90 Days

2/1/24 1/31/29 $94,729.00 $7,894.08 $10.75 4.88% Option #2 *90 Days

2/1/29 1/31/34 $99,135.00 $8,261.25 $11.25 4.65% Option #3 *90 Days

Lease comments: Tenant: CAM - Recovery based on Pro-Rata square footage, Taxes - Recovery based on Pro-Rata square footage, Insurance - Tenant shall maintain and reimburse for insurance expenses. Landlord: HVAC, Structure, Roof. LEASE STRUCTURE: NNN

Goldstar Beauty Supply 7 6,426 1/1/2017 5/31/2022 6/1/18 5/31/22 $72,000.00 $6,000.00 $11.20

Potential Development Opportunity

The property includes an additional approximate two acres that can add a total of 50,257 square-feet of retail space to the center. The projected additional rent would create an immediate potential return of over $400,000 per annum upon completion and tenancy.

The site was previously a successful Winn-Dixie grocery store and retail strip. The buildings suffered damage from hurricane Katrina and were unusable until restored. Ownership demolished the building with plans to redevelop the site at a later time. Ownership has architectural designs already planned and the foundation is still in place and ready to be developed.

The location is perfectly situated with no other grocery store in a 3 mile radius - surrounded by residential neighborhoods seeing 16.3% population growth over the past 5 years. The median household income balanced above $57,000 a year makes the center a prime location for a grocer such as an Aldi’s*.

*Please ask investment advisor for potential tenant interest in site development. MARYWOOD COURT SIDE

S 37°04'46" E 577.18' 12.92' DOOR SCHEDULE 20.15' 20.15' EXISTING POWER MARK SIZE DOOR FRAME HARDWARE BUILDING 54.55' 7 SPACES @ 9'-0" = 63'-0" 101-112 PAIR 3'-0" X 7'-0" ALUM/GLASS ALUMINUM KEY LOCK DEADBOLT WITH TURN KNOB INSIDE - THRESHOLD - INSIDE DOOR CLOSER 6 SPACES @ 9'-0" = 54'-0" EXISTING POWER 121-132 3'-6" X 7'-0" X 1-3/4" HM GALV HM GALV KEY LOCK AND KEY 1" DEADBOLT - SURFACE MOUNTED EXIT TYPE ADA LEVER BUILDING 8 GRADE 1 OR 2. ONE MOTION FROM INSIDE RETRACTS BOTH LATCH AND DEAD 7 6 BOLT. INSIDE DOOR CLOSER. RUBBER WEATHERSTRIPPING. METAL 72.65' THRESHOLD. STAINLESS STEEL BALL BEARING HINGES.

EXISTING CHURCH 4,232 S/F EXISTING ELECTRIC FORMER SWITCH GEAR AND WINN-DIXIE METERS BURNED DOWN 30,540 S/F

EXISTING DANCE 2 STUDIO 16 SPACES @ 9'-0" = 144'-0" A1 1,798 S/F

EXISTING FORMER EXISTING 11 SPACES @ 9'-0" = 99'-0" RESTAURANT ECKERDS RETAIL

N 53°09'10" E 353.36' E 53°09'10" N 3,157 S/F RETAIL 6,360 S/F 8,812 S/F S 52°00'25" W 340.56' EXISTING NEW LANDSCAPED CLEANER 11 BUFFER 2,834 S/F

72.90' 17 21'-0" 12'-0" 24.80' 10 18

NEW LANDSCAPED 24A INSLANDS 274062.05 SQ. FT. 6.3173 ACRES 24'-7"

6 13 7 7 6 26 10 2 9 16

A1 S 54°18'32" W 380.02' W 54°18'32" S

62'-10" 65'-9" 60'-5" 60'-0" 60'-0" 60'-0" 60'-0" 40'-6"

EXISTING GRASSY AREA CURRAN BLVD. SIDE

8 8 158'-4" MORRISON ROAD FORMER RETAIL EXISTING ELECTRIC STRIP MALL STORAGE BUILDING BURNED EXISTING DOWN TRANSFORMER 19,717 S/F 6 12 12 N 36°34'25" W 148' 6 N 36°34'25" W 141.19' 13 THESE PLANS, ARCHITECTURE AND WRITTEN CONSENT OF CANNOT BE COPIED, COPYRIGHT 2001 SPECIFICATIONS AND SAME. AREA OF WORK IDEAS CONTAINED HEREIN ARE THE PROPERTY OF ALECHA REPRODUCED OR USED WITHOUT THE 7 6 8

EXISTING GRASSY AREA

24'-10"

S 53°00'09" W 159.59' W 53°00'09" S S 54°04'57" W 150.08' W 54°04'57" S

S 52°00'25" W N 53°09'10" E 159.59' E 53°09'10" N

105.06 25C

EXISTING SHELL GAS STATION 13 13 15 6 AND CARWASH 6 11

10 18.75' EXISTING 6" CURB, TYP EXISTING N.O.P.S.I. EXISTING SERVITUDE SIGN ±11'-0" 5 SPCS @ 9'-0" = 45'-0" ±11'-0" 47.70' 49'

12 N 36°34'25" W 141' 2 Xref 0246XS N 34°36'36" W 350.21' 13 7 59.75' N 36°34'25" W 2 A1 NEW LANDSCAPED 2 BUFFER BULLARD AVENUE A1 2 Lakewood Plaza Shopping CenterA1 NOTES:

2 1. DIMENSIONS TAKE PRECEDENCE OVER SCALING. 1" = 60'-0" KEY PLAN 2. ALL DIMENSIONS ARE TO ROUGH FRAMING. 3. NOTIFY ARCHITECT OF ALL DISCREPANCIES.

8"DIA. PVC DOWNSPOUTS 5'W X 3' D METAL 5" HIGH CONCRETE LANDING INSTALL WATER LINE 2 7 TOTAL - DISCHARGES AT CANOPY TYPICAL TYPICAL AT REAR DOORS AND STUB UP SIDE WALL 5 A2 5 121 122 123 A2 124 125 126 127 A2 128 129 130 131 132

3 4'-0" 6'-0" TO SWB

INSTALL 6" SEWER LINE FOR FUTURE TENANTS 35'-8" 2'-0"

2 2'-0" METAL 70'-4" CANOPIES 7500 BULLARD AVENUE NEW ORLEANS, LOUISIANA BULLARD SQUARE 2'-0" 4 A2 3 A2 9/5/2003 CONSTRUCTION

34'-9" DOCUMENT PHASE 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 1'-6" 5 EQ. SPACES = 25'-10" 4 EQ. SPACES = 17'-0" 4 EQ. SPACES = 17'-0" 4 EQ. SPACES = 17'-0" 4 EQ. SPACES = 17'-0" 6 EQ. SPACES = 27'-2" 6 EQ. SPACES = 26'-10" 4 EQ. SPACES = 17'-0" 4 EQ. SPACES = 17'-0" 4 EQ. SPACES = 17'-0" 4 EQ. SPACES = 17'-0" 6 EQ. SPACES = 25'-11"

112 101 102 103 104 105 106 107 108 109 110 111 4'-0" 1 8'-10" 1'-8"

30'-2" 20'-0" 20'-0" 20'-0" 20'-0" 30'-2" 29'-10" 20'-0" 20'-0" 20'-0" 20'-0" 30'-2" FLOOR PLAN 280'-4" KEY PLAN 2'-6" 5 5 A2 A2 1 A B C D E F G H A2 I J K L M

COVERED WALK METAL CANOPY FRAMING A1 1 3/32" = 1'-0" FLOOR PLAN 1 OF 3 0315A1.DWG NEW ORLEANS - LOUSIANA MSA

East New Orleans Sub Market NEW ORLEANS - LOUSIANA MSA

East New Orleans Sub Market 5555 Bullard Ave - New Orleans, LA TENANT OVERVIEW

point variety chain under Family Dollar. Dollar Tree is classified as an extreme discount store. It claims to be able to achieve this because their buyers “work extreme- ly hard to find the best bargains out Dollar Tree Stores, Inc., is an American chain there”. Its prices are primarily designed of discount variety stores that sells items for to attract those with financial difficul- $1 or less. Headquartered in Chesapeake, ties, but it has also become popular with Virginia, it is a Fortune 150 company and more affluent customers, allowing stores operates 14,835 stores throughout the 48 to thrive in a broad demographic range. contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics net- Family Dollar bidding - On July 28, 2014, work of eleven distribution centers. The Dollar Tree announced that a deal had company operates one-dollar stores under been reached and approved by both par- the names of Dollar Tree and Dollar Bills. ties to purchase Family Dollar for $8.5MM. The company also operates a multi-price-

Hibbett Sports, Inc. is a publicly traded cated primarily in strip centers which are holding company for Hibbett Sporting frequently influenced by a Wal-Mart store. Goods, a full line sporting goods retailer In January 2015, Hibbett Sports re- headquartered in Birmingham, Alabama. ported net annual sales of US$ As of September, 2015, the company op- 913M on total assets of US$ 452M. erated 1,025 retail stores in 32 states. Hib- bett Sports, Inc. operates sporting goods In August 2017, the company announced stores in small to mid-sized markets, in the launch of its new e-commerce site, the Southeast, Southwest and lower Mid- hibbett.com. The website includes prod- west regions of the United States. States uct launch calendars, a store availabil- with the most stores are Georgia (97), Tex- ity finder, and fit-finding technology. as (97), and Alabama (90). Its stores offer a range of athletic equipment, footwear and apparel. The company’s primary store format is the Hibbett Sports store, an ap- proximately 5,000 square foot store lo- MARKET OVERVIEW NEW ORLEANS, LOUSIANA NEW ORLEANS New Orleans is the largest city and the health care industry and boasts metro area of Louisiana, and its a small, globally competitive manu- name comes from Orléans, a city on facturing sector. The center city pos- the Loire River in France. Known sesses a rapidly growing, entrepre- for its French Creole architecture neurial creative industries sector and and multilingual and cultural heri- is renowned for its cultural tourism. tage, New Orleans is often called the most unique city in the United States. Companies with significant opera- tions or headquarters in New Orle- The New Orleans metropolitan area ans include: Entergy (Fortune 500), has a population of 1.167 million, which Pan American Life Insurance, Pool makes it the 46th largest in the country. Corp, Rolls-Royce, Newpark Re- sources, AT&T, TurboSquid, iSeatz, New Orleans operates one of the IBM, Navtech, Superior Energy Ser- world’s largest and busiest ports and vices, Textron Marine & Land Sys- metropolitan New Orleans is a cen- tems, McDermott International, ter of maritime industry. The region Pellerin Milnor, Lockheed Martin, accounts for a significant portion Imperial Trading, Laitram, Harrah’s of the nation’s oil refining and pet- Entertainment, Stewart Enterprises, rochemical production, and serves Edison Chouest Offshore, Zatarain’s, as a white-collar corporate base Waldemar S. Nelson & Co., Whitney for onshore and offshore petro- National Bank, Capital One, Tidewa- leum and natural gas production. ter Marine, Popeyes Chicken & Bis- cuits, Parsons Brinckerhoff, MWH New Orleans is also a center for high- Global, CH2M HILL, Energy Part- er learning, with over 50,000 stu- ners Ltd, The Receivables Exchange, dents enrolled in the region’s eleven GE Capital and Smoothie King. two- and four-year degree-granting institutions. Tulane University, a top-50 research university, is located in Uptown. Metropolitan New Orleans is a major regional hub for Community Retail Center

Easten New Orleans: the typically sprawling Ameri- can suburbia much more than The eastern section of New Or- the compactly built environment leans, colloquially known as found in the city’s historic core. “New Orleans East,” is a large section of that city. Developed The eastern section of New Or- extensively from the 1960s for- leans is east of the Industri- ward, its numerous residential al Canal and north of the In- subdivisions and shopping cen- tra-coastal Waterway. It is often ters offered suburban-style liv- called “New Orleans East” or ing within the city. But, despite simply “The East”. It is a portion its location within New Orle- of the 9th Ward of New Orleans. ans’ city limits, its character re- QUALITY OF LIFE mained suburban, resembling

Upcoming Development Plans New Orleans:

Earlier this week, The New Orle- Plans In East New Orleans: ans Advocate reported on Tesla’s plans to open a new service and de- City Council clears the path for livery center in New Orleans’ Low- South Shore Harbor development. er Garden District. This will be The New Orleans City Council gave the first dedicated Tesla Center in unanimous final approval for a 5,000 New Orleans—and the Gulf Coast. person live-entertainment ven- ue on Lake Pontchartrain that in- According to the HDLC-approved cludes an outdoor amphitheater, an plans on One Stop, which were filed by open air market, a fuel dock, a ma- MBH Architects, Tesla will remodel a rine supply and convenience store, standing warehouse located at 2801 and a restaurant. The project will Tchoupitoulas Street. The center will be developed on a 19 acre stretch have a 30,000-square-foot warehouse of the New Orleans lakefront that to store vehicles, a 16,000-square- formerly included Bally’s Casino foot repair center, and office space. ed to cost $13 million to complete. STRONG TOURISM Sports in New Orleans:

New Orleans: New Orleans is home to the New Or- New Orleans is home to a wide va- leans Yacht Club and Southern Yacht riety of sporting events. Most nota- Club, both of which are located at ble are the home games of the New West End on the shore of Lake Pon- Orleans Saints (NFL) and the New tchartrain. Southern Yacht Club was Orleans Pelicans (NBA), the annual established in 1849 and is the second Sugar Bowl, the annual Zurich Clas- oldest yacht club in the United States. sic (PGA Tour) and horse racing at Sugar Bowl Regatta — has been the Fair Grounds Race Course. New held since 1934. The sailing com- Orleans has also occasionally host- petition is divided into two sepa- ed the Super Bowl, College Foot- rate phases, over four two-day pe- ball Playoff semifinal game and the riods, beginning in late November NCAA college basketball Final Four and concluding on New Year’s Eve.

New Orleans Saints

The New Orleans Saints are a profes- ing In” is strongly associated with New sional American football team based Orleans and is often sung by fans at in New Orleans, Louisiana. The Saints games. The franchise was founded on currently compete in the National November 1, 1966. The team’s prima- Football League (NFL) as a member of ry colors are old gold and black; their the league’s National Football Confer- logo is a simplified fleur-de-lis. They ence (NFC) South division. The team played their home games in Tulane was founded by John W. Mecom Jr., Stadium through the 1974 NFL sea- David Dixon, and the city of New Or- son. The following year, they moved leans on November 1, 1966. The Saints to the new Louisiana Superdome began play in Tulane Stadium in 1967. (now the Mercedes-Benz Super- dome, since Mercedes-Benz has pur- The name “Saints” is an allusion to chased the stadium’s naming rights). November 1 being All Saints Day in The Mercedes-Benz Superdome is the Catholic faith. New Orleans’ has the Saints’ home stadium. It has a a large Catholic population, and the listed seating capacity of 76,468 (ex- spiritual “When the Saints Go March- panded) or 73,208 (not expanded). . Investment Advisors

ENRI PINTO VP of National Sales CONFIDENTIALITY Miami Office Phone: 305-924-3094 AND DISCLOSURE [email protected] The information contained in the following Offering Memorandum (“OM”) is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Apex Capital Realty and should not be made available to any other person, enti- STEVEN VANNI ty, or affiliates without the written consent of Apex Capital Realty. By taking possession Managing Director of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recip- Miami Office ient will not photocopy or duplicate any part of the offering memorandum. If you have Phone: 305-989-7854 no interest in the subject property at this time, please return this offering memorandum [email protected] to Apex Capital Realty. This OM has been prepared to provide summary, unverified -in formation 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. Apex Capital Realty has not made any investigation, TONY SOTO and makes no warranty or representation, with respect to the income or expenses for Commercial Advisor the subject property, the future projected financial performance of the property, the size and square footage of the property, the physical condition of the improvements thereon, Miami Office or the financial condition or business prospects of any tenant, or any tenant’s plans or Phone: 305-607-6012 intentions to continue its occupancy of the subject property. The information contained [email protected] in this OM has been obtained from sources we believe to be reliable; however, Apex Capital Realty has not verified, and will not verify, any of the information contained herein, nor has Apex Capital Realty conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or MIGUEL PINTO completeness of the information provided. All potential buyers must take appropriate Miami Office measures to verify all of the information set forth herein. BROKER NON-DISCLOSURE NOTICE Phone: 305-607-6012 Apex Capital Real Estate Investment Services, Inc. (“Apex”) is not affiliated with, [email protected] sponsored by, or endorsed by any commercial tenant or lessee identified in this OM. 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 Apex, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Apex, and is JENNIFER STEIN solely included for the purpose of providing tenant lessee information about this listing JDS Real Estate Services, Inc. to prospective customers. BROKER OF RECORD ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT LOUSIANA THE APEX LISTING AGENT FOR MORE DETAILS OSL Cooperating Broker Phone: 213-446-5366 [email protected]