INVESTMENT HIGHLIGHTS

• WALMART AND ALDI SHADOW ANCHORED | SIGNIFICANT DAILY TRAFFIC DRIVERS | DOMINANT NATIONAL TENANTS: The Property benefits greatly from the best-in-class shadow anchors in the immediate vicinity that help drive additional traffic to the center on a daily basis such as: Walmart, Aldi, Kohl’s, Dick’s Sporting Goods, Target, Sam’s Club, Lowe’s, and Tops Market. Additionally, ~92% of the Annual Base Rent at the Subject Property is comprised from market dominant national tenants including Burlington, PetSmart, ULTA, and Five Below.
• IMMEDIATE VALUE-ADD OPPORTUNITY | 4,940 SF OF SMALL SHOP VACANCY – 2 UNITS: With 4,940 square feet of vacant GLA remaining comprised between 2 units, Southern Tier Crossing provides an investor to immediately add value through the lease-up of these units – capitalizing off the strong recent leasing momentum at the center and the draw of being in close proximity to Walmart and Aldi.
• SIGNIFICANT RECENT LEASING MOMENTUM | 10-YR FIVE BELOW EXTENSION & EXPANSION + 10-YR PETSMART EXTENSION | NEARLY 6 YEARS OF WEIGHTED AVG LEASE TERM (WALT) | NEW 5-YR LEASE WITH BATH & BODY WORKS | NEW + 5-YR EXTENSION WITH ULTA | BURLINGTON RECENTLY ACQUIRED THE FMR JO-ANN LEASE AT BK AUCTION: The Property has experienced significant recent leasing momentum have just executed on a 10-year extension & expansion with Five Below taking their term out until 1/2034 – along with a 10-year extension with PetSmart taking their term out through 6/2033. In addition to those new leases, there was also a new 10-year lease executed with Showland
• LONG-STANDING ANCHOR TENANCY | 73% OF ANNUAL BASE RENT IS COMPRISED FROM BURLINGTON, PETSMART, ULTA, AND FIVE BELOW: Southern Tier Crossing features long-standing anchor tenants (Burlington, PetSmart, Ulta and Five Below) comprising approximately 73% of the Annual Base Rent – each of these tenants have been at the center for more than 14 years and have extended their lease at least once, with PetSmart and Five Below having both recently extended for an additional 10-years.
• MARKET DOMINANT CENTER IN MOST DOMINANT RETAIL CORRIDOR: There are more than 32 hotels within a 10-mile radius with major corporations including Corning, Inc., Anchor Glass, and CVS Caremark Corp. employing over 142,000 locally
• WALMART RANKS IN 97TH PERCENTILE FOR MOST HEAVILY TRAFFICKED WALMART’S IN THE U.S. PER PLACER.AI
• EXCELLENT VISIBILITY AND ACCESS FROM I-86, NY’S SOUTHERN TIER EXPRESSWAY (35,000 VPD)
• OFFERED FREE & CLEAR OF EXISTING FINANCING