REMOUNT VILLAGE INSTITUTIONAL SELLER SAYS BRING ALL OFFERS FOR DECEMEBER 2017 CLOSE DORCHESTER ROAD ASHLEY PHOSPHATE ROAD

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1 RETAIL INVESTMENT OPPORTUNITY REMOUNT VILLAGE 1357 Remount Road, North Charleston, SC DORCHESTER ROAD Parks Auto Parts INSTITUTIONAL SELLER SAYS BRING ALL OFFERS FOR DECEMEBER 2017 CLOSE ASHLEY PHOSPHATE ROAD Scott Rogers, SIOR, CCIM Investment Sales Dir: John Orr, CCIM Vice President Dir: Elyse Welch, CCIM Senior Brokerage Associate Dir: COLLIERS INTERNATIONAL 25 Calhoun Street, Suite 220 Charleston, SC tel fax

2 Executive Summary Colliers International, Charleston, as exclusive sales broker to the Seller, is pleased to offer to qualified investors the opportunity to purchase Remount Village, a 60,238 square foot centrally located retail center ideal for users, retailers, general or medical office, warehouse or storage. The site is situated on ±5.97 acres along the south side of Remount Road east of Rivers Avenue (U.S. 52) and N. Rhett Avenue in North Charleston, just north of downtown Charleston, SC (metro population of 745,000). THE ASSET 60,238 SF in two adjacent buildings Offering 47,038 SF of contiguous space Signage and frontage along Remount Road Three points of ingress/egress Abundant parking (5/1000 SF) Institutionally-owned and maintained STRATEGIC LOCATION SIGNIFICANT UPSIDE OPPORTUNITY LACK OF AVAILABLE BOXES INVESTMENT OPPORTUNITY Central, infill location near Charleston s largest employers Solid demographic profile (104,000 persons within 5 miles) Charleston/North Charleston is a job-creating machine Close to Boeing, airport, SPAWAR, and Port of Charleston Excellent access and linkages to major traffic arterials Largest block of non-warehouse space in region Substantial potential to increase value Low occupancy cost option 55% occupancy of adjacent retail center Metro area had 18 boxes of 25,000SF+ in 2015 In 2017, just 7 boxes available over 25,000SF Plenty of parking for retail, school/training, call center, etc. Rare opportunity to purchase in high-barrier Charleston As-is shops (55% occupancy; 12% overall occupancy) Variety of potential users/ tenants to fill boxes Minimal CAPEX requirements Strike price significantly less than replacement cost FINANCIALS Offering Price: $2,250,000 As-is shops annual rents of $83,000 (plus reimbursements) ProForma shops NOI of $127,000, a 70% increase Box ProForma NOI of $371,000 Combined ProForma of $498,000, 6.6x current NOI Historical & ProForma ($000s) 2013A 2014A 2015A 2016A Combined Proforma* Total Revenue Total Expenses (148) (140) (146) (123) (136) NOI REMOUNT VILLAGE 1357 REMOUNT ROAD, NORTH CHARLESTON, SC COLLIERS INTERNATIONAL SOUTH CAROLINA P. 2

3 Site/Leasing Plan All God s Children Day Care First Impressions Barber China Wok Center Size: 60,238 SF Available Space 01 6,000 SF 08 8,450 SF 07 38,588 SF Current Retailers N.A.P. Dollar General 03 All God's Children Childcare 2,400 SF 04 First Impressions Barber & Beauty 1,800 SF Lounge 05 China Wok 1,500 SF 06 Cricket 1,500 SF REMOUNT VILLAGE 1357 REMOUNT ROAD, NORTH CHARLESTON, SC COLLIERS INTERNATIONAL SOUTH CAROLINA P. 3

4 Trade Area Aerial REMOUNT VILLAGE Buskirk Avenue 27,688± AADT Remount Road Warehouses SPAWAR Military Installation North Charleston Terminal (Container Port) 45,199± AADT Rivers Ave Charleston International Airport CBD REMOUNT VILLAGE 1357 REMOUNT ROAD, NORTH CHARLESTON, SC COLLIERS INTERNATIONAL SOUTH CAROLINA P. 4

5 EXCLUSIVELY OFFERED BY: Scott Rogers, SIOR, CCIM Investment Sales Dir: COLLIERS INTERNATIONAL 25 Calhoun Street, Suite 220 Charleston, SC tel fax John Orr, CCIM Vice President Dir: john.orr@colliers.com Elyse Welch, CCIM Senior Brokerage Associate Dir: elyse.welch@colliers.com This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees,representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s) All rights reserved.