IRREPLACEABLE URBAN RETAIL / MOUNT VERNON / NEW YORK EXECUTIVE SUMMARY

THE OFFERING INVESTMENT SUMMARY As exclusive brokers, RHYS is pleased to offer an extremely rare opportunity to acquire Addresses 555 & 500-600 East Sandford Boulevard, Mount Vernon, NY one of the most dominant high quality retail centers in the New York metropolitan area. The subject properties have a total of 290,852 SF in two separate structures, along with County Westchester, NY (16 miles from NYC) parking garages containing 1,383 spaces. Building 1 (MVS) Total: 243,411 SF Multi-tenant: 102,285 SF & Target: 141,126 SF The offering does not include the Target store portion of the shopping center (141,126 (Target not included in the offering) square feet), as Target owns their own building in a condominium structure. Both Parking Garage: 995 Spaces buildings sit on ground leases with the City of Mount Vernon. However, the land below Building 2 (MVN) Best Buy: 47,441 SF the Target anchored Center reverts to the building owners at the conclusion of the Parking Garage: 388 Spaces ground lease term. Year Built 2004

The subject properties are 100% leased and have been since the buildings were built in Occupancy 100% (since inception) 2004. The center's occupants are all highly regarded national retailers, Target, Bed Bath Debt Free & Clear & Beyond, TJ Maxx, Petco, Famous Footwear, and Best Buy. The tenant mix is built to sustain over time and remain dominant in the market. The properties provide a purchaser SALE DETAILS with an extremely stable income stream with little to no threat of new development The properties can be purchased separately or as a package. The Properties are being competition. offered for sale without a formal asking price. Once qualified investors have had the opportunity to tour the property and thoroughly review the complete offering Located just 16 miles from , Mount Vernon is one of the most densely memorandum, RHYS will schedule a “call for offers”. populated cities in the state, making any new large scale retail development nearly impossible. In addition to the market's desirable suburban demographics, the subject If you are interested in receiving a full offering memorandum, please CLICK HERE to properties also benefit greatly from their visibility and proximity to the Hutchinson complete a confidentiality agreement. River Parkway, which has a traffic count of 91,800 vehicles per day passing the site with a direct exit onto East Sandford Boulevard (Exit 8). The Parkway runs north and FOR ADDITIONAL INFORMATION, PLEASE CONTACT: south from the in the section of to the CORY GUBNER ERIC GRIFFIN New York–Connecticut state line at Rye Brook. The Parkway continues south from the Bruckner Interchange as the Whitestone Expressway (Interstate 678 or I-678) and north President & CEO Vice President into Greenwich, Connecticut, as the Merritt Parkway (Connecticut Route 15). This major 203.653.1730 203.653.1746 thoroughfare enables a large population from a vast geography to easily access the site. [email protected] [email protected]

TYLER LYMAN RYAN STRANKO OWNERSHIP STRUCTURE Vice President Senior Associate Target Anchored Center Condominium structure over a ground lease. Target owns 203.653.1743 203.653.1749 (MVS) their store portion. The offering consists of the remainder [email protected] [email protected] (Bed Bath & Beyond, TJ Maxx, Famous Footwear and Petco). The land ownership transfers to the condominium owners FOR FINANCING INFORMATION, PLEASE CONTACT: upon expiration of the ground lease term DAVID W. KRASNOFF Best Buy (MVN) Building ownership subject to a ground lease 212.729.7896 [email protected] INVESTMENT HIGHLIGHTS

100% NET-LEASED URBAN POWER CENTER WITH BEST- IN-CLASS RETAILERS

ALL TENANTS HAVE BEEN IN THE CENTER SINCE CO-OP CITY INCEPTION AND ARE THRIVING

PRIME SUBURB OF NEW YORK CITY WITH EXCEPTIONAL BRONX DEMOGRAPHICS STRATEGICALLY LOCATED WITH FRONTAGE ALONG THE WITH 92,000 VPD

TREMENDOUS ON-SITE PARKING WITH 1,383 SPOTS

FAIRWAY MARKET DAVE & BUSTERS HOMEGOODS

BJ'S

STOP & SHOP

HUTCHINSON RIVER 550 EAST SANDFORD BOULEVARD PARKWAY 91,800 VPD 555 EAST SANDFORD BOULEVARD 995 SPACE PARKING GARAGE 388 SPACE PARKING GARAGE

20,000 VPD PYLON SIGNAGE MEMORIAL FIELD

EXIT 8