Shops at Perry Crossing

• ATTRACTIVE BASIS WELL BELOW REPLACEMENT COST

• $10M INVESTED IN CAPEX OVER THE PAST 10 YEARSt

• FREE & CLEAR OFFERING

• VALUE-ADD POTENTIAL THROUGH VACANT LEASE-UP AT MARK TO MARKET RENTS
• 87.2% occupied with 76,115 SF of vacancy across 21 suites
• 100% of vacancies are less than 10K SF
• Current weighted average small shop (<10k SF) rent of $18.37, 33% below market mall rent of $24.43

• LOCATED IN HENDRICKS COUNTY OPPORTUNITY ZONE
• Allows for capital gains tax advantages for investments made in this zone

• RAPID PLAINFIELD, IN POPULATION GROWTH
• April, 2020 - July, 2023: +7%
• April 2010 - July, 2023: +34%

• STRONG HISTORICAL TENANT PERFORMANCE AND RETENTI ON BOOSTED BY RECENT LEASING VELOCITY
• 16.1 year weighted average tenure
• 4.3 year WALT (excluding temp tenants)
• 51,035 SF/8.6% of GLA (includes pending Kids’ Empire lease) across 7 new leases executed in the last 24 months

• DIVERSIFIED TENANCY MIX
• No one tenant comprises more than 19% of income

• SUPPORTED BY BEST-IN-CLASS DEMAND DRIVERS
• NAP 117 key Courtyard Marriott and newly built 108 key Residence Inn
• Located between a Walmart Supercenter and Target, which garner a combined 3.6M+ annual visits

• HIGH-PERFORMING 2023 FOR ANCHORS AND SMA LL SHOP TENANCY
• AMC 2023 sales saw 22% YoY growth
• Impressive JCPenney occupancy cost of 1.7%
• $347/SF weighted average sales for small shop tenancy (<10k SF)
• Sub 10% average occupancy costs for small shop tenancy (<10k SF)

Ken Martin

Senior Managing Director

Indianapolis Office Head

License # IN-RB19001364

Ken.Martin@jll.com

317.626.3666