ALEXANDRIA, LOUISIANA ALEXANDRIA POWER CENTER REGIONAL POWER CENTER WITH NATIONAL CREDIT TENANTS AND BUYER UPSIDE EXECUTIVE SUMMARY Transwestern and RealINSIGHT Marketplace are pleased to exclusively offer for sale Alexandria Power Center (the “property”), a 309,739 square foot (“SF”) regional power center located in Alexandria, Louisiana. This established center is anchored by Ashley Furniture HomeStore, Office Depot, JOANN Fabrics, Ivan Smith Furniture and Harbor Freight Tools. Additional tenants in the center include Citi Trends, Dollar General, Louisiana Athletic Club and MOE’s Southwest Grill, with the majority of tenants having a tenure in excess of 10 years. The infill center is located at the intersection of MacArthur Drive (US 71), Alexandria’s main northwest-southeast retail artery, and Metro Drive, which connects the property to the surrounding neighborhoods to west. Alexandria is located in central Louisiana and is the retail, business, health care and transportation hub of a nine county parish comprised of over 340,000 people. The property is surrounded by over four million SF of retail which supports the regional population throughout the Alexandria MSA, which includes the adjacent city of Pineville. Further, this anchored center provides steady cash flow in an established market as well as offers additional upside through lease up of existing vacancies to a variety of traditional and non-traditional retail, medical and office uses. INVESTMENT HIGHLIGHTS • National and regional credit tenants account for 94% of the rental revenue • Ashley Furniture HomeStore and Ivan Furniture on newly extended leases • Located along primary retail corridor for Alexandria and surrounding parishes • At 62% occupied, the center offers tremendous buyer upside • Economy underpinned by continued growth in the healthcare, education and manufacturing industries which serve to support the nine parishes in and around the Alexandra MSA KEY PROPERTY STATISTICS REALINSIGHT MARKETPLACE Location Website 1804 MacArthur Dr, Alexandria, Louisiana 71301 https://marketplace.realinsight.com/auction/property/163 Size Auction Date March 20 - March 22, 2018 309,739 SF Property Tour Dates Occupancy March 12 th (1pm - 5pm) | March 13th (8am - 12pm) 62% Year(s) Built 1974, renovated 2002 Traffic Counts US 71 - 32,630 CPD NOI $674,144 Weighted Average Rents $5.13 DEMOGRAPHICS REGIONAL 1 MILE 3 MILE 5 MILE DRAW* 2017 Population 7,329 45,033 62,201 344,761 Daytime Population 21,450 69,925 89,871 380,340 2017 Average Household Income $68,667 $55,446 $51,912 $56,925 Owner Occupied Average Housing Value $180,553 $161,794 $152,017 $133,664 % of Owner Occupied Housing 59.0% 50.0% 48.0% 58.0% Total Retail Expenditures $32 M $205 M $278 M $1.53 B *Regional draw includes Rapides, Grant, Avoyelles, Catahoula, Concordia, La Salle, Natchitoches, Vernon and Winn Parishes LOCATION Located in the heart of Louisiana along Interstate 49, the property is centrally located two hours away from Baton Rouge, Lake Charles, Shreveport and Monroe, Louisiana and an hour and a half north of Layfette, Louisiana. The Alexandria MSA includes the neighboring town of Pineville to the north and is made up of two parishes, Rapides and Grant. The MSA covers portions of the Kisatchie National forest and Red River, home to the Central Louisiana Regional Port. The economy is supported by several manufacturing plants as well as a growing healthcare system anchored by regional hospitals that service the central Louisiana trade area. The trade area is also home to Camp Beauregard, which houses the largest engineering group in the army and serves as the training location for the Louisiana National Guard, the U.S. Marshals Tactical Operations Center and various emergency response agencies. Local technical schools and colleges, including Louisiana State University Alexandria, Louisiana College and Central Louisiana Technical College, contribute to an abundance of workers with a variety of skills for Alexandria’s economy. The Alexandria MSA continues to experience new retail and residential home growth on the west side of Alexandria and to the northeast of Pineville due to steady employment, low cost of living and a long time preference to live outside of the city limits. TENANCY OVERVIEW The tenancy of Alexandria Power Center is made up of primarily national and regional credit tenants, which account for 94% of the existing rental revenue and 91% of the property’s occupied gross leasable area (GLA). The anchor tenants are proven performers in their respective categories, fit the daily needs of the population in the area and compliment the expansion of new residential growth immediately west of the center. The anchor tenants have an average of over five years remaining on their primary term as well as multiple renewal options. SUMMARY OF ANCHOR TENANTS TENANT SIZE (SF) EXPIRATION RENEWAL OPTIONS Ashley Furniture 52,080 12/31/2024 Two (3-year) Options Office Depot 31,880 11/30/2020 Two (5-year) Options JOANN Fabrics 16,327 1/31/2028 Three (5-year) Options Ivan Smith Furniture 24,900 12/31/2024 Two (3-year) Options Harbor Freight Tools 12,000 11/30/2021 Four (5-year) Options Kansas Missouri Tennessee Nashville Oklahoma City Albuquerque Amarillo Memphis Oklahoma Arkansas Alabama Little Rock Georgia Mississippi 200 MI Atlanta New Mexico Birmingham Dallas/Ft. Worth Abilene Shreveport Monroe Jackson El Paso Texas 150 MI Louisiana 100 MI Florida Waco Alexandria CAMP Baton BEAUREGARD Jacksonville Lake Rouge 165 Charles Austin Lafayette New 34,953 CPD Houston Orleans San Antonio 167 CENTRAL LOUISIANA 31,711 CPD REGIONAL PORT 49 71 31,793 CPD 21,307Gulf CPD of 28 ALEXANDRIA PINEVILLE 23,291 CPD INTERNATIONAL Mexico AIRPORT Mexico 29,642 CPD 30,806 CPD 167 71 57,475 CPD ALEXANDRIA RED RIVER 45,014 CPD MACARTHUR DR 21,994 CPD 28 28,378 CPD JCPenney, Dillards, Sears, Burlington, Bed Bath & Beyond, 32,630 CPD Boot Barn, Conn’s, 300 Fitness, American Eagle, Bath and Body Works, Champs, Finish Line, Foot 49 Locker, GNC, Kirklands, Payless, SITE Rue21, Ulta, Victoria’s Secret 71 29,079 CPD 17,789 CPD 165 488 MASONIC DR TRANSWESTERN HOUSTON MICHA VAN MARCKE, CCIM CHACE HENKE 1900 West Loop South Senior Vice President Vice President Suite 1300 713.272.1231 713.272.1274 Houston, TX 77027 [email protected] [email protected] TRANSWESTERN NEW ORLEANS BRYAN BURNS 127 West Ruelle Drive Senior Vice President Mandeville, LA 70471 504.782.0100 [email protected] 1900 WEST LOOP SOUTH | HOUSTON, TEXAS 77027 | SUITE 1300 | 713.270.7700 | WWW.TWHOUSTONRETAIL.COM Customer Information Form What Customers Need to Know When Working With Real Estate Brokers or Licensees This document describes the various types of agency relationships that can exist in real estate transactions. AGENCY means a relationship in which a real estate broker or licensee represents a client by the client’s consent, whether expressed or implied, in an immovable property transac- tion. An agency relationship is formed when a real estate licensee works for you in your best interest and represents you. Agency relationships can be formed with buyers/sellers and lessors/lessees. DESIGNATED AGENCY means the agency relationship that shall be presumed to exist when a licensee engaged in any real estate transaction, except as otherwise provided in LA R.S. 9:3891, is working with a client, unless there is a written agreement providing for a different relationship. The law presumes that the real estate licensee you work with is your designated agent, unless you have a written agreement otherwise. No other licensees in the office work for you, unless disclosed and approved by you. You should confine your discussions of buying/selling to your designated agent or agents only. DUAL AGENCY means an agency relationship in which a licensee is working with both buyer and seller or both landlord and tenant in the same transaction. Such a relationship shall not constitute dual agency if the licensee is the seller of property that he/she owns or if the property is owned by a real estate business of which the licensee is the sole proprie- tor and agent. A dual agency relationship shall not be construed to exist in a circumstance in which the licensee is working with both landlord and tenant as to a lease that does not exceed a term of three years and the licensee is the landlord. Dual agency is allowed only when informed consent is presumed to have been given by any client who signed the dual agency disclosure form prescribed by the Louisiana Real Estate Commission. Specific du- ties owed to both buyer/seller and lessor/lessee are: To treat all clients honestly. To provide factual information about the property. To disclose all latent material defects in the property that are known to them. To help the buyer compare financing options. To provide information about comparable properties that have sold, so that both clients may make educated buying/selling decisions. To disclose financial qualifications to the buyer/lessee to the seller/lessor. To explain real estate terms. To help buyers/lessees arrange for property inspections To explain closing costs and procedures. CONFIDENTIAL INFORMATION means information obtained by a licensee from a client during the term of a brokerage agreement that was made confidential by the written re- quest or written instruction of the client or is information the disclosure of which could ma- terially harm the position of the client, unless at any time any of the following occur: The client permits the disclosure by word or conduct. The disclosure is required by law or would reveal serious defect. 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