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Rivergate Shopping Center 121 Tom Hill Sr Boulevard Macon, GA 31210 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY:

DAN HOOGESTEGER ANDY CHANA DANNY HELD Lic. # 01376759 Lic. # 01896459 Lic. # 01946205 310.853.1419 | DIRECT 310.853.1316 | DIRECT 310.853.1358 | DIRECT [email protected] [email protected] [email protected]

DOUG ROLAND DANIEL BYBEE ANDREW ACKERMAN Lic. # 73064 Lic. # 718918 Lic. # 311619 706.814.2217 | DIRECT 843.510.0551 | DIRECT 770.626.0445 | DIRECT [email protected] [email protected] [email protected]

1501 Johnson Ferry Road, Suite 200 Marietta, GA 30062 844.4.SIG.NNN www.SIGnnn.com In Cooperation With Sands Investment Group Atlanta, LLC – Lic. # 67374 3 SANDS INVESTMENT GROUP TABLE OF CONTENTS

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INVESTMENT OVERVIEW LEASE ABSTRACT PROPERTY OVERVIEW AREA OVERVIEW TENANT OVERVIEW Investment Summary Lease Summaries Property Images City Overview Tenant Profiles Investment Highlights Rent Roll, Expenses Location, Aerial & Retail Maps Demographics

© 2021 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum’, has been obtained from sources believed to be reliable. Sands Investment Group does not doubt its accuracy; however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine its accuracy and completeness. Any and all projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these projections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction. ACTUAL PROPERTY IMAGE INVESTMENT SUMMARY 4

Sands Investment Group is Pleased to Exclusively Offer For Sale the 7 , 720 SF Rivergate Shopping Center. This Outparcel Includes Two Freestanding , and Dunkin’/Baskin Robbins, Which Are on Either Side of a 3 Tenant Building. Starbucks Recently Executed a 10 Year Extension at This Location, While Dunkin Also Recently Renewed Its Lease For 15 Years Extending it Until 2035. The 3 Tenant Building Includes , Papouli’s and Xhale City.

OFFERING SUMMARY

PRICE $3,843,985

CAP 6.50%

NOI $249,859

PRICE PER SF $497.93

PROPERTY SUMMARY

ADDRESS 121 Tom Hill Sr Boulevard

Macon, GA 31210

COUNTY Bibb

BUILDING AREA 7,720 SF

LAND AREA 0.42 AC

BUILT 1989 5 RIVERGATE SHOPPING CENTER HIGHLIGHTS

§ 7,720 SF Outparcel That Sits Directly on Tom Hill Sr § Parking Lot is in the Process of Being Resurfaced and Boulevard Installing a New Asphalt Overlay

§ Includes a Starbucks & Dunkin’/Baskin Robbins That § Strong Traffic Counts – Over 21,900 Vehicles Per Day Are on Either Side of a 3 Tenant Building on Tom Hill Sr Boulevard

§ Starbucks Has a New 10 Year Lease Renewal; the § Located on One of the Strongest Retail Arterials Tenant Has Been at This Location Since 2005, Within Macon Demonstrating Commitment to the Site

§ Close to a Number of a Hotels and Macon Conference § Dunkin’/Baskin Robbins Recently Renewed its Lease Center For 15 Years Which Expires in 2035 and Has Been at This Location Since 2005 § Located 4-Miles to

§ Subway Has Been in Place Since 1990 § Other Nearby Tenants Include: , Chick-fil-A, Bell, McDonald’s, Chipotle, Wendy’s, Burger § Papouli’s, a Greek , Has Been in Place For King, Family Dollar, and More Over 10 Years ACTUAL PROPERTY IMAGE LEASE SUMMARY6

TENANT Starbucks

PREMISES A Building of Approximately 2,400 SF

LEASE COMMENCEMENT May 1, 2005

LEASE EXPIRATION April 30, 2030

LEASE TERM ~10 Years Remaining

RENEWAL OPTIONS 2 x 5 Years

10% Every 5 Years RENT INCREASES (Next Increase 05/01/2025)

LEASE TYPE Triple Net (NNN)

PERMITTED USE

PROPERTY TAXES Tenant’s Responsibility

INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Landlord’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility

UTILITIES Tenant’s Responsibility

GUARANTOR Corporate LEASE SUMMARY LEASE SUMMARY 7

TENANT Dunkin’ & Baskin Robbins TENANT Subway

PREMISES A Premise of Approximately 1,720 SF PREMISES A Premise of Approximately 1,200 SF

LEASE COMMENCEMENT July 1, 2005 LEASE COMMENCEMENT January 1, 1990

LEASE EXPIRATION July 31, 2035 LEASE EXPIRATION December 31, 2024

LEASE TERM ~15 Years Remaining LEASE TERM 4+ Years Remaining

RENEWAL OPTIONS None RENEWAL OPTIONS None

08/01/2025 – $1.25/SF (to $45/SF) & 1% Annually RENT INCREASES 08/01/2030 - $1.50/SF (to $46.50/SF) RENT INCREASES (Next Increase 01/01/2021) Triple Net (NNN) Triple Net (NNN) LEASE TYPE LEASE TYPE Fixed CAM Contribution Fixed CAM Contribution PERMITTED USE Fast Food PERMITTED USE Tenant’s Responsibility PROPERTY TAXES Tenant’s Responsibility PROPERTY TAXES

INSURANCE Tenant’s Responsibility INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Landlord’s Responsibility ROOF & STRUCTURE Landlord’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility HVAC Tenant’s Responsibility

UTILITIES Tenant’s Responsibility UTILITIES Tenant’s Responsibility

GUARANTOR Personal GUARANTOR None ACTUAL PROPERTY IMAGE LEASE SUMMARY LEASE SUMMARY 8

TENANT Papouli’s TENANT Xhale City

PREMISES A Premise of Approximately 1,200 SF PREMISES A Premise of Approximately 1,200 SF

LEASE COMMENCEMENT September 1, 1992 LEASE COMMENCEMENT November 18, 2020

LEASE EXPIRATION August 31, 2025 LEASE EXPIRATION June 30, 2027

LEASE TERM 5 Years Remaining LEASE TERM ~7 Years Remaining

RENEWAL OPTIONS 1 x 5 Year RENEWAL OPTIONS 1 x 5 Year

$0.50/SF Annually 3% Annually RENT INCREASES (Next Increase 09/01/2021) RENT INCREASES (Next Increase 07/01/2021)*

Triple Net (NNN) LEASE TYPE Triple Net (NNN) LEASE TYPE Fixed CAM Contribution PERMITTED USE Vape/Smoke Shop PERMITTED USE Restaurant PROPERTY TAXES Tenant’s Responsibility PROPERTY TAXES Tenant’s Responsibility INSURANCE Tenant’s Responsibility INSURANCE Tenant’s Responsibility COMMON AREA Tenant’s Responsibility COMMON AREA Tenant’s Responsibility ROOF & STRUCTURE Tenant’s Responsibility ROOF & STRUCTURE Landlord’s Responsibility REPAIRS & MAINTENANCE Tenant’s Responsibility REPAIRS & MAINTENANCE Tenant’s Responsibility HVAC Tenant’s Responsibility HVAC Tenant’s Responsibility UTILITIES Tenant’s Responsibility UTILITIES Tenant’s Responsibility GUARANTOR None GUARANTOR Personal *There is No Rent Increase For 2023, Then Resumes 2024, 2025 & 2026 ACTUAL PROPERTY IMAGE RENT ROLL 9

ACTUAL PROPERTY IMAGES

SQUARE % OF ANNUAL RENT RENTAL LEASE LEASE TENANT OPTIONS FOOTAGE TOTAL BASE RENT PER SF INCREASE BEGIN END

10% Every 5 Years Starbucks 2,400 SF 31.09% $91,248 $38.02 05/01/2005 04/30/2030 2 x 5 Years (Next Increase 05/01/2025) 8/1/2025 - $1.25/SF Dunkin’ & (to $45/SF) and 1,720 SF 22.28% $75,250 $43.75 07/01/2005 07/31/2035 None Baskin Robbins 8/1/2030 - $1.50/SF (to $46.50/SF) 1% Annually Subway 1,200 SF 15.54% $28,152 $23.46 01/01/1990 12/31/2024 None (Next Increase 01/01/2021) $0.50/SF Annually Papouli’s 1,200 SF 15.54% $30,000 $25.00 09/01/1992 08/31/2025 1 x 5 Year (Next Increase 09/01/2021) 3% Annually Xhale City 1,200 SF 15.54% $33,096 $27.58 11/18/2020 06/30/2027 1 x 5 Year (Next Increase 07/01/2021)

TOTAL 7,720 SF 100% $257,746 RIVERGATE SHOPPING CENTER 10 INCOME & EXPENSES

INCOME

Rental Income $258,910

Reimbursements $42,300

ESTIMATED GROSS INCOME $301,210

OPERATING EXPENSES

Taxes ($29,670)

Insurance ($2,217)

Grounds & Landscaping ($3,991)

Security ($938)

Repairs & Maintenance ($1,647)

Utilities ($840)

Management Fee ($12,048)

TOTAL OPERATING EXPENSES ($51,351)

NET OPERATING INCOME $249,859

ACTUAL PROPERTY IMAGE 11

ACTUAL PROPERTY IMAGES 12

ATLANTA

AUGUSTA

RIVERGATE SHOPPING CENTER MACON 13

Tom Hill Sr Blvd

RIVERGATE SHOPPING CENTER 14

Tom Hill Sr Blvd

RIVERGATE SHOPPING CENTER 15

RIVERGATE SHOPPING CENTER Northside Dr MACON | BIBB COUNTY | GEORIGA Macon is a consolidated city-county located in Bibb county in the state of Georgia. Macon lies 16 near the geographic center of the state, approximately 85 miles south of Atlanta, hence the city's nickname "The Heart of Georgia". Located near the fall line of the , Macon had a 2018 estimated population of 153,095 residents. Macon is the principal city of the Macon metropolitan area, which had an estimated population of 228,914 people in 2017. Macon is also the largest city in the Macon–Warner Robins Combined Statistical Area, a larger trading area with an estimated 420,693 residents in 2017; the CSA abuts the Atlanta metropolitan area just to the north. Rich history, incredible architecture, stunning Southern charm, and a soulful musical heritage have branded Macon "Where Soul Lives". Robins Air Force Base, the largest single-site industrial complex in the state of Georgia, is just 10 miles south of Macon on Highway 247 next to the city of Warner Robins. The headquarters of the 48th Infantry Brigade Combat Team, Georgia Army National Guard is located in Macon. Due to the cities close proximity, Atlanta’s economy also affects Macon’s. Atlanta's economy is considered diverse, with dominant sectors that include aerospace, transportation, logistics, professional and business services, media operations, medical services, and information technology. Atlanta’s economy is the 8th largest in the county and the 17th- largest in the world. Corporate operations play a major role in Atlanta’s economy, as the city claims the nation’s third-largest concentration of companies. It also hosts the global headquarters of corporations like the Coca-Cola Company, The Home Depot, UPS, Delta Air Lines, AT&T Mobility, Chick-fil-A, and Turner Broadcasting. Over 75% of Fortune 1000 companies conduct business operations in the city's metro area, and the region hosts offices of over 1,250 multinational corporations. Explore historic sites, music landmarks, cultural museums, antebellum architecture and much more in Macon. Macon is a city in , which means its close to a lot of multiple attractions. The city is located near the Ocmulgee National Monument, which has large Native American earthen mounds from around 1000 A.D.,dan its museum displays artifacts spanning thousands of years. The Tubman Museum’s exhibits on African-American art, history and culture include a huge mural and the Inventors Gallery. The city also includes The Allman Brothers Band Museum at the Big House, which shows memorabilia in the rock band’s former home. The city is also home to The Georgia Sports Hall of Fame, which is the largest state sports hall of fame in the at 43,000 square feet.

ROBINS AIR FORCE BASE GEORGIA SPORTS HALL OF FAME MACON, GA 3 MILES 5 MILES 10 MILES 17

POPULATION 26,075 65,792 156,219

AVERAGE HH $84,060 $71,076 $61,102 RIVERGATE INCOME SHOPPING CENTER

Northside Dr

(20,388 VPD) Forest Hill Rd (10,581 VPD)

(66,403 VPD) (61,855 VPD) (23,905 VPD) TENANT PROFILES 18

STARBUCKS

SEATTLE, WA LOCATIONS: 31,795+ | : SBUX

Starbucks Corporation is an American coffee company and chain. Starbucks was founded in , in 1971. As of December 29, 2019 it operates more than 31,795 retail stores in over 80 markets. Starbucks is considered the main representative of "second wave coffee," initially distinguishing itself from other coffee- serving venues in the U.S by taste, quality, and customer experience, while popularizing darkly roasted coffee. Since the 2000’s, third wave coffee makers have targeted quality-minded coffee drinkers with hand-made coffee based on lighter roasts, while Starbucks nowadays uses automated machines for efficiency and safety reasons. Starbucks locations serve hot and cold , micro-ground , café , products, beverages, La Boulange pastries, and snacks including items such as chips and crackers.

DUNKIN’ & BASKIN ROBBINS

CANTON, MA LOCATIONS: 12,800+ | NASDAQ: DNKN

Dunkin'® is the world's leading baked goods and coffee chain, serving more than 3 million customers each and every day. True to their name, they offer 50+ varieties of donuts, but customers can also enjoy dozens of premium beverages, bagels, breakfast and other baked goods. Dunkin'® is a subsidiary of Dunkin' , Inc. With more than 20,000 points of distribution in more than 60 countries, Dunkin’ Brands is one of the world’s leading franchisors of quick service restaurants. With over 130 years of experience, Dunkin' Brands is home to two of the world's most recognized, beloved franchises: Dunkin'® and Baskin-Robbins. Baskin-Robbins is an American chain of ice cream and cake specialty shop restaurants. The company has more than 12,800 restaurants worldwide – that's over 8,500 restaurants in 41 states across the U.S.A. and over 3,200 international restaurants across 36 countries!

SUBWAY

BRIDGEPORT, CT LOCATIONS: 41,600+ | PRIVATE COMPANY

Subway is an American privately held franchise that primarily sells submarine sandwiches and salads. Subway has become one of the fastest-growing franchises in the world. As of 2019, the company has approximately 41,600 stores located in 112 countries. More than half of the stores are located in the United States. Outside North America, the countries with the most locations are , and the . Subway's international headquarters are located in Milford, Connecticut, and the company also has 5 regional centers. Subway is the largest single- restaurant chain and the largest restaurant operator in the world. Since 2007, Subway has consistently ranked in Entrepreneur magazine’s “Top 500 Franchises list”. At the end of 2010, Subway became the largest fast-food chain worldwide, beating McDonald’s and . ACTUAL PROPERTY IMAGE SANDS INVESTMENT GROUP 19 CONFIDENTIALITY AGREEMENT

The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the written consent of Sands Investment Group.

This Offering Memorandum 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, 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 Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group 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.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree that by accepting this Memorandum you agree to release Sands Investment Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property. EXCLUSIVELY MARKETED BY: 20

DAN HOOGESTEGER ANDY CHANA DANNY HELD Lic. # 01376759 Lic. # 01896459 Lic. # 01946205 310.853.1419 | DIRECT 310.853.1316 | DIRECT 310.853.1358 | DIRECT [email protected] [email protected] [email protected]

In Cooperation With Sands Investment Group Atlanta, LLC – Lic. # 67374 DOUG ROLAND DANIEL BYBEE ANDREW ACKERMAN Lic. # 73064 Lic. # 718918 Lic. # 311619 706.814.2217 | DIRECT 843.510.0551 | DIRECT 770.626.0445 | DIRECT [email protected] [email protected] [email protected]

Rivergate Shopping Center 121 Tom Hill Sr Boulevard Macon, GA 31210