Princeton Centre - Princeton, KY

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PRINCETON, KY PRINCETON CENTRE WILL SCHUBERT STRIVE Senior Associate 469-844-8034 Wschubert@StriveRE.com SCOTT REID ParaSell Inc. (949) 942-6578 scott@parasellinc.com AL License #000127148-0 In association with

Princeton Centre

2 FINANCIAL ANALYSIS PRINCETON CENTRE - PRINCETON, KY PRICING & FINANCIAL ANALYSIS OFFERING SUMMARY Price $2,485,000 Cap Rate 8.09% Net Operating Income $200,823 Price PSF $87.82 Occupancy 82.23% Gross Leasable Area 28,296 SF Lot Size 6.63 Acres
550 US Hwy 62 Princeton, KY 42445
3 FINANCIAL ANALYSIS PRINCETON CENTRE - PRINCETON, KY PRICING & FINANCIAL ANALYSIS PROJECTED INCOME & EXPENSES CURRENT PSF Base Rent - Occupied Space 82% $224,137 $7.92 GROSS POTENTIAL RENT $224,137 $7.92 Expense Reimbursements Real Estate Taxes $4,658 $0.16 Insurance $6,599 $0.23 CAM $14,942 $0.53 Management Fee $2,138 $0.08 Total Expense Reimbursements $28,337 $1.00 GROSS POTENTIAL INCOME $252,474 $8.92 EFFECTIVE GROSS REVENUE $252,474 $8.92 Operating Expenses Real Estate Taxes ($5,157) ($0.18) Insurance ($9,166) ($0.32) CAM ($29,758) ($1.05) Management Fee 3.00% ($7,570) ($0.27) Total Recoverable Expenses ($51,651) ($1.83) Net Operating Income $200,823 $7.10 EXPENSES CURRENT PSF Real Estate Taxes $5,157 $0.18 Insurance $9,166 $0.32 Total CAM $29,758 $1.05 Management Fee 3.00% $7,570 $0.27 Total Expenses $51,651 $1.83 For Financing Options, Please Contact: Greg Holley | Managing Partner High St Capital (O) 469-998-7200 | (C) 714.514.2990 gholley@highstcapital.com
4 FINANCIAL ANALYSIS PRINCETON CENTRE - PRINCETON, KY RENT ROLL Suite Tenant SQ FT % of SQFT Start End Annual Rent PSF Escalation Date Escalation Amount Options Lease Type A Factory Connection 4000 14.14% 4/1/2014 3/31/2024 $31,200 $7.80 - - - Gross B Caldwell Medical Center 5000 17.67% 10/1/2019 9/30/2025 $63,967 $12.79 - - - NNN C Dollar Tree 8000 28.27% 6/13/2014 6/30/2024 $60,000 $7.50 7/1/2024 $8.00 2 x 5 DT D Shoe Sensation 6270 22.16% 11/16/2017 1/31/2026 $68,970 $11.00 2/1/2026 $11.96 1 x 5 Shoe Sensation E Vacant 5026 17.76% - - - - - - -Occupied 23,270 82.24% $224,137 $7.92 Vacant 5,026 17.76% Total 28,296 100.00% *5% cap on CAM - Prorata Share Based on 38,600 SF

DBA Dollar Tree

Corporate/Franchise Corporate

Locations

15,115+

Public/Private Public (NSDAQ: DLTR, S&P 500 Component)

Line of Business

Dollar Tree, Inc., is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada. Dollar Tree competes in the dollar store and low-end retail markets. Each Dollar Tree stocks a variety of products, including national, regional, and private-label brands. Departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal décor, housewares, glassware, household cleaning supplies, candy, toys, gifts, stationery, craft supplies, automotive, electronics, pet supplies, and books. Most Dollar Tree stores also sell frozen foods and dairy items such as milk, eggs, pizza, ice cream, frozen dinners, and pre-made baked goods.

DBA Factory Connection

Corporate/Franchise Franchise

Locations 300+

Public/Private Private

Line of Business

With nearly 300 stores in 17 states and growing rapidly, Factory Connection is a destination shopping experience for many of our customers. Factory Connection offers a wide selection of brand name fashions for Juniors, Misses, Plus, Men’s, Accessories, and shoes. Most locations also feature Home Décor.

Buying from the industry’s leading fashion manufacturers allows Factory Connection to offer name brand and specialty store fashions at prices that are 25% to 70% below regular retail. Because we ship new merchandise frequently – sometimes based on special limited-quantity purchases – our customers know the more they shop, the more they’ll find! We provide the opportunity to find the latest fashions at the right price, offering a great shopping experience!

DBA Shoe Sensation

Corporate/Franchise Franchise

Locations 230+

Public/Private Private

Line of Business

Shoe Sensation is proud to be your neighborhood shoe store with over 230 stores in 20 states. We have a huge selection of quality brands and the latest trends for the entire family. You’ll find men’s, women’s, and children’s shoes for every size, style, and need – from fashion to function. Everyone loves our sensational prices on name-brand shoes. We carry Hey Dude, Charly, Under Armour, Adidas, New Balance, Fila, Puma, Skechers, Birkenstocks and many more favorites. Headquartered in Jeffersonville, Indiana (right across the river from Louisville, KY) we continue to open new stores in small and medium-sized towns across America’s heartland, bringing quality shoe shopping to people everywhere.

5 PROPERTY DESCRIPTION PRINCETON CENTRE - PRINCETON, KY TENANT INFORMATION

• 28,296 SF Shopping Center in Princeton, KY

• 82% Occupied with Strong Tenant Line Up and Next to Tractor Supply

• $87.82/SF and Attractive 8% Yield.

• Staggered Remaining Lease Terms and Potential Upside Converting to NNN

• Well-Located at the Entrance to the Caldwell County Hospital. Caldwell County Hospital Has Been Serving the Community for Over 60 Years

• Excellent Visibility & Ample Parking along Hwy 62

• Surrounding Demand Drivers Include the Caldwell County Hopsital, Walmart Super Center, TreeHouse Foods (Major Employer), and Tractor Supply

6 PROPERTY DESCRIPTION PRINCETON CENTRE - PRINCETON, KY INVESTMENT HIGHLIGHTS
7 PROPERTY DESCRIPTION PRINCETON CENTRE - PRINCETON, KY SITE PLAN SITE PLAN DOLLAR TREE 8,000 SF FACTORY CONNECTION 4,000 SF SHOE SENSATION 6,270 SF CALDWELL MEDICAL CENTER 5,000 SF Princeton Centre Vacant Self Storage Opportunity 5,026 SF

USHWY62

10,159VPD

8 MARKET OVERVIEW PRINCETON CENTRE - PRINCETON, KY AERIAL MAP
CALDWELL COUNTY HOSPITAL TREEHOUSE FOODS
9 MARKET OVERVIEW PRINCETON CENTRE - PRINCETON, KY LOCAL MAP
10 MARKET OVERVIEW PRINCETON CENTRE - PRINCETON, KY REGIONAL MAP

Princeton, Kentucky

OVERVIEW

Princeton, Kentucky, is a small city located in Caldwell County in the western part of the state. As of 2023, the population of Princeton was around 6,178 residents. The city serves as the county seat of Caldwell County and was founded in 1817. It is named in honor of the Battle of Princeton, which took place during the American Revolutionary War. Princeton’s economy is primarily based on agriculture, with a focus on the farming of crops like corn, soybeans, and tobacco. The city also has a presence of manufacturing, retail, and service industries, which contribute to its diverse economic base. The education system in Princeton is served by the Caldwell County School District, which includes elementary, middle, and high schools. The school district offers a range of academic and extracurricular opportunities for students, but there is room for improvement in terms of academic achievement. Healthcare services in Princeton are provided by the Caldwell Medical Center, a small community hospital

offering a range of services such as emergency care, diagnostic imaging, and rehabilitation. There are also several medical clinics and private practices in the area to cater to the healthcare needs of residents. Recreational opportunities in Princeton include parks, walking trails, and sports facilities, providing residents with various outdoor activities. The city is also home to the Adsmore Museum, a living history museum that offers a glimpse into the life of a wealthy family in the early 20th century. Additionally, the area hosts annual events and festivals, such as the Black Patch Heritage Festival, which celebrates the region’s agricultural heritage. In summary, Princeton, Kentucky, is a small city with a rich history and a strong sense of community. Its economy is largely based on agriculture, and it offers residents a range of recreational opportunities, educational options, and healthcare services.

11 MARKET OVERVIEW PRINCETON CENTRE - PRINCETON, KY MARKET SUMMARY
12 MARKET OVERVIEW PRINCETON CENTRE - PRINCETON, KY DEMOGRAPHIC STATISTICS Demographic data © CoStar 2021 1 Mile 3 Mile 5 Mile Population 2010 Population 1,699 6,954 8,295 2020 Population 1,666 6,672 8,004 2025 Population Projection 1,675 6,678 8,019 Median Age 41 40.8 41.2 Bachelor's Degree or Higher 12% 16% 16% U.S. Armed Forces 0 0 0 Population by Race White 1,409 5,826 7,098 Black 187 612 647 American Indian/Alaskan Native 6 27 33 Asian 11 49 53 Hawaiian & Pacific Islander 0 6 6 Two or More Races 53 152 167 Hispanic Origin 43 142 161 Housing Median Home Value $101,379 $89,301 $90,437 Median Year Built 1965 1965 1966 1 Mile 3 Mile 5 Mile Households: 2010 Households 724 2,973 3,512 2020 Households 710 2,854 3,389 2025 Household Projection 714 2,857 3,395 Owner Occupied 427 1,918 2,356 Renter Occupied 286 939 1,039 Avg Household Size 2.3 2.3 2.3 Avg Household Vehicles 2 2 2 Total Consumer Spending $18.5M $76.8M $93M Income Avg Household Income $63,630 $63,732 $64,554 Median Household Income $44,031 $45,464 $46,174 < $25,000 178 774 933 $25,000 - 50,000 225 781 890 $50,000 - 75,000 129 490 572 $75,000 - 100,000 55 321 404 $100,000 - 125,000 24 152 178 $125,000 - 150,000 75 176 213 $150,000 - 200,000 0 61 76 $200,000+ 24 101 126

CONFIDENTIALITY AGREEMENT

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from STRIVE and it should not be made available to any other person or entity without the written consent of STRIVE. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to STRIVE.

This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. STRIVE has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.

Commercial Disclaimer

STRIVE hereby advises all prospective purchasers of commercial property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a commercial property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. STRIVE expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a commercial property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any commercial property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenants and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenants history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term leases, including the likelihood of locating replacement tenants if any of the current tenants should default or abandon the property, and the lease terms that Buyer may be able to negotiate with any potential replacement tenants considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release STRIVE and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this commercial property.

469.844.8880 STRIVERE.COM exclusively listed in association with ParaSell Inc. 949.942.6585 PARASELLINC.COM KY LICENSE #260934

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