Central Shopping Center

INVESTMENT HIGHLIGHTS

Strong National & Regional Tenant Lineup

• Approximately 79% of leased GLA and 89% of rental revenue are generated by national and regional tenants
• Malco Theatres is a top 10 performer compared to Theatres across the state (placer.ai)

Sticky Tenancy & Long-Term Anchor Commitment

• Malco Theatres has occupied the center for over 25 years and recently executed a 10-year lease extension through 2035
• Malco is investing $2,000,000 in interior renovations, reinforcing long-term confidence in the asset and trade area

High Occupancy with Embedded Upside

• 92% occupied with approximately 14,933 SF of vacancy, offering value-add lease-up potential at market rents
• Ability to mark-to-market select below-market leases and improve NOI through modest leasing execution

Well-Balanced, Internet-Resistant Tenant Mix

• Tenant mix heavily weighted toward value retail, service, health, and entertainment uses, driving repeat visitation
• Limited exposure to discretionary or e-commerce-vulnerable tenancy

Attractive Yield Profile with Lender Support

• In-place cash flow offers a compelling yield relative to fixed-income alternatives
• Lenders are actively underwriting the asset at 60–65% leverage, supporting positive leverage and flexible capital structures