Lease

• Tenant stability – Long-term leases in place, with several tenants showing years of commitment to the site, ensuring stable cash flow.

• Rent growth – Majority of tenants are paying below-market rent, presenting an opportunity for future rent growth.

• Strip center intrinsics – Crown Plaza embodies the low risk associated with smaller, leasable tenant spaces.

• Limited retail inventory in the area – Sticky tenants.

• E-commerce resilience – Tenancy profile is predominantly service-oriented, offering resistance to online retail disruption.

• Attractive retail design – Features prominent signage, ample parking, and high visibility, ideal for tenant success and consumer convenience.

Location

• Desirable Tennessee market – Situated in a tax-free state, offering significant savings and investment appeal.

• Home to Bristol Motor Speedway – One of the largest sports venues in the United States with a capacity of 146,000.

• 7 miles from The Pinnacle development – A 240-acre shopping center with 1.3 million square feet of retail, restaurant, hotel, and office space.

• Established retail corridor – Located in the heaviest retail pocket in Bristol, Volunteer Pkwy is surrounded by countless local and national credit retailers.

• Population growth – Consistent year-over-year population growth.

• Affluent suburb – The average household income in a 5-mile radius is north of $65,000.

• Strong market fundamentals – Bristol boasts a low retail vacancy rate of just 1.5%, demonstrating strong tenant demand and market stability.