Exclusive Confidential Offering Memorandum INVESTMENT SUMMARY

92 Old Country Road Westbury, New York Exclusive Confidential Offering Memorandum INVESTMENT SUMMARY 92 Old Country Road Address: Westbury, NY Offering Price $1,700,000 Ownership: Fee Simple + Improvements Sovereign Realty Group LLC is pleased to offer on an exclusive basis this prime corner redevelopment site located at 92 Old Township: Hempstead Country Road in Westbury. The property consists of a 3,746 square foot retail building, constructed in 1984. The building is Area Tenants: -Bed Bath & Beyond situated on .24 acres on the corner of Fulton Street. It is -TGI Fridays currently occupied by Health Nuts Healthy Deli, whom will be -The Home Depot vacating. The building will be delivered vacant. -AMC Theatre -Chick fil-A -Target The property is located within walking distance of the 723,000 -Costco square foot Source Mall, formerly owned by Fortunoff. It was -Wal-Mart recently sold to Lesso Group Holdings who is planning a $25M -Dave & Busters renovation to the site. Lesso manufactures and sells home -P.F. Chang’s building products and home décor items and are based in -The Cheesecake Factory China. -Best Buy -Shake Shack There are a long list of national tenants located within 1 mile of -Nordstrom Rack this site. The 3.3M square foot Roosevelt Field Mall is located -Trader Joe’s approximately two miles away. The property has easy access to -Walgreen’s Pharmacy the Meadowbrook Parkway as well as Old Country Road and Highlights: -Located within walking Hempstead Turnpike. Avalon Communities recently built a 3- distance to The Source Mall story apartment complex. Rental rates range from $2,800 per which under new ownership month for a 1-bedroom to $4,000 per month for a 3-bedroom is undergoing a major apartment. renovation There are over 230,000 residents living within a 5-mile radius of the site. It is an affluent community with average annual household incomes of $108,000. Approximately 40,000 cars pass the site daily. PROPERTY OVERVIEW Property Address: 92 Old Country Road Westbury, NY Intersection: Fulton Street Gross Leasable Area: 3,746 SF Lot Size: .24 Acres Lot Frontage: 150’ on Old Country Road Parking: 13 spaces Year Built: 1984 Zoning: General Retail Real Estate Taxes: General: $27,554.38 School: $26,447.25 Total: $54,001.63 92 Old Country Road, Westbury, NY Aerial Photos 92 Old Country Road, Westbury, NY Aerial Photos 92 Old Country Road, Westbury, NY Aerial Photos 92 Old Country Road, Westbury, NY Aerial Photos 92 Old Country Road, Westbury, NY Property Survey Westbury, NY Westbury is a village in Nassau County, New York, United States. The population was 15,146 at the 2010 census. The Incorporated Village of Westbury is in the Town of North Hempstead. It is located about 18 miles (40 km) east of Manhattan. HISTORY: The first settlers arrived in 1658 in the region known as the Hempstead Plains. Many of the early settlers were Quakers. In 1657, Captain John Seaman purchased 12,000 acres (49 km2) from the Algonquian Tribe of the Massapequa Indians. In 1675 Henry Willis, also an English Quaker, named the area "Westbury", after Westbury, Wiltshire, his hometown in England. The outbreak of the American Revolution disrupted Westbury's tranquility. From the beginning of the war until 1783, British soldiers and German-speaking mercenaries occupied local homes, confiscated livestock, and cleared the woods for firewood for the troops. With the close of the war, Westbury received its third group of settlers, the Hessians, mostly from Hesse-Cassel in the Holy Roman Empire, who chose not to return to their home country. By 1837, the Long Island Rail Road had built through Westbury. In 1840, the first public school was built. The railroad made it easier for German, Italian, Irish and Polish immigrants to work Westbury's farms. The Village moved from its agricultural setting in the late 19th century when the very wealthy began to settle and build mansions. This area is now known as Old Westbury. Post Avenue soon became a commerce center to serve the surrounding estates. In 1927, Charles Lindbergh took off from Roosevelt Field, a couple of hundred yards south of downtown, for the history-making flight to Paris, marking probably the most famous event tied to Westbury. Long Island, NY Long Island is an island located just off the northeast coast of the United States and a region within the U.S. state of New York. Stretching east-northeast from New York Harbor into the Atlantic Ocean. The island comprises four counties: Kings and Queens (which comprise the New York City boroughs of Brooklyn and Queens, respectively) to the west; then Nassau and Suffolk to the east. It is the home of the Brookhaven National Laboratory in nuclear physics and Department of Energy research. Long Island is also home to the Cold Spring Harbor Laboratory, which was directed for 35 years by James D. Watson (who, along with Francis Crick and Rosalind Franklin, discovered the double helix structure of DNA). Companies such as Sperry Rand, Computer Associates (headquartered in Islandia), Zebra Technologies (now occupying the former headquarters of Symbol Technologies, and a former Grumman plant in Holtsville), have made Long Island a center for the computer industry. Stony Brook University of the State University of New York and New York Institute of Technology conduct advanced medical and technological research. Long Island is home to the East Coast’s largest industrial park, the Hauppauge Industrial Park. The park has over 1,300 companies employing more than 71,000 Long Islanders. Companies in the park and abroad are represented by the Hauppauge Industrial Association. As many as 20 percent of Long Islanders commute to New York City jobs. Several colleges and universities within the State University of New York system are located on Long Island, such as Stony Brook (which noted its health sciences research and medical center), as well as Nassau Community College and Suffolk County Community College that serve their respective counties. Private institutions include the New York Institute of Technology, Hofstra University and Adelphi University (both located in the Town of Hempstead), as well as Long Island University (with its C.W. Post campus, located on a former Gold Coast estate in Brookville, and a satellite campus in downtown Brooklyn). Long Island Long Island, NY also contains the Webb Institute, a small naval architecture college in Glen Cove. In addition, the island is home to the United States Merchant Marine Academy, a Federal Service Academy located in Kings Point, on the North Shore. TRANSPORTATION Every major form of transportation serves Long Island, including John F. Kennedy International Airport, LaGuardia Airport, and Long Island MacArthur Airport, multiple smaller airports, railroads, the New York City Subway, and several major highways. PUBLIC TRANSPORTATION There are five Long Island Rail Road (LIRR) train stations in the village. The stops on the LIRR Hempstead line are Stewart Manor, Nassau Boulevard, Garden City and Country Life Press. There are additional stops on the LIRR Main Line at Merillon Avenue and just over the Garden City border at New Hyde Park and Mineola. The Long Island Rail Road (LIRR) is the busiest commuter railroad system in North America, carrying an average of 282,400 passengers each weekday on 728 daily trains. The MTA implements mass transportation for the New York metropolitan area including all five boroughs of New York City, the suburban counties of Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk and Westchester, all of which together are the “Metropolitan Commuter Transportation District (MCTD)”. ROADS The Long Island Expressway, Northern State Parkway, and Southern State Parkway, all products of the automobile-centered planning of Robert Moses, are the island’s primary east-west high-speed controlled-access highways. AIR As a hub of commercial aviation, Long Island contains two of the New York City metropolitan area’s three busiest airports, JFK International Airport and LaGuardia Airport, in addition to Islip MacArthur Airport; as well as two major air traffic control radar facilities, the New York TRACON and the New York ARTCC. Area Tenant Map 92 Old Country Road, Westbury, NY Area Map 92 Old Country Road, Westbury, NY Demographics RADIUS 1 Mile 3 Mile 5 Mile Population: 2022 Projection 18,996 107,653 231,496 2017 Estimate 19,057 108,404 231,960 2010 Census 19,486 112,558 236,722 Growth 2017-2022 (0.37%) (0.69%) (0.20%) Growth 2010-2017 (2.15%) (3.69%) (2.01%) 2017 Population By Race: Caucasian 18,074 92,749 190,098 Black 314 9,931 29,970 Hispanic Origin 2,055 20,759 38,517 Am. Indian & Alaskan 46 581 1,072 Asian 373 3,080 6,604 Hawaiian & Pacific Island 2 66 152 Other 257 1,997 4,064 Households: 2022 Projection 6,758 36,940 77,118 2017 Estimate 6,783 37,223 77,328 2010 Census 6,933 38,760 79,187 Growth 2017-2022 (0.37%) (0.76%) (0.27%) Growth 2010-2017 (2.61%) (3.97%) (2.35%) Owner Occupied 5,195 26,606 60,418 Renter Occupied 1,558 10,617 16,909 2017 Average H.H. Income $101,557 $100,396 $108,765 2017 Median H.H. Income $89,956 $81,978 $89,488 2017 H.H. by Income <$25,000 653 4,453 8,497 $25,000- $50,000 931 6,354 12,102 $50,000- $75,000 1,235 6,106 11,175 $75,000- $100,000 1,196 5,798 11,888 $100,000- $125,000 893 4,470 9,135 $125,000- $150,000 711 3,164 7,399 $150,000- $200,000 721 3,742 9,443 $200,000+ 442 3,056 7,688 Traffic Counts Average Daily Traffic Count Miles To Cross Street Volume Year Property Grand Street S 40,000 2017 .02 The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of review by the prospective purchaser it was issued to, and is not to be used for any other purpose or made available to any other person without the written consent of Seller or Sovereign Realty Group (SRG).

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