SOLD – Main Street Station

Overview

• Stabilized grocery anchored shopping center located in Jacksonville, FL
• No state income tax – Florida
• Anchor, Save-a-Lot, recently took over lease assignment from the Delhaize Group; lease corporately backed by Delhaize Group (S&P: BBB-) until 2021
• Junior anchor, Family Dollar (S&P: BBB-) set to expire in 2020.
• Low exposure to capital expenses with multiyear anchor leases in-place
• Historically successful track record with high tenant retention
• Strong tenant base with over 81% of GLA represented by credit-worthy national companies
• Offered well below replacement costs of $62.06 PSF
• Renovations in 2012