Grocery-anchored by a brand new Sprouts Farmers Market on a 15-yr lease

• Part of Sprouts’ rapid expansion in Florida and throughout the greater Southeast

Located just north of St. Petersburg in Largo, within the rapidly growing Tampa Bay MSA

• Boasting a thriving economy, very low unemployment, some of the nation’s best beaches and renown as a top travel destination

Current tenant roster comprised of over 79% national credit tenants, including BioLife and Dollar General

• Further bolstered by an advantageous mix of e-commerce resistant shops

Projected CAGR of 5.6% – rare and extremely viable value add component within a tier 1 grocery-anchored asset

• Via the lease-up of 16,878 SF of available space (21% of the GLA) and increasing rents via mark-to-market scenarios as leases roll

Fundamentally strong corner position at the high traffic, signalized intersection of East Bay Dr (FL-686) and Keene Rd

• Accessing a combined 93,500 VPD in front of the Property

Valuable, included and separately parceled OP draws count McDonald’s, Twistee Treat, and Little Caesars

• Providing beneficial, ancillary consumer draw at the Property throughout the day, along with Panda Express, and a brand new Dutch Bros.

Notably dense trade area demographics within a growing submarket

• Highlighted by a population of 258,636 people within a 5-mile radius of the Property

Major, recent capital expenditures in conjunction with a full redevelopment and modernization of the Shopping Center

• Including a new Sprouts box, full facades, parking areas, suite interiors, mechanical systems, and new roofs – a total outlay in excess of $12M