• The center is currently 100% occupied and consists of two buildings - one being the recently constructed Starbucks out-parcel building
• Ollie’s Bargain Outlet and Beall’s Outlet anchor the site and account for 67% of GLA
• Beall’s has been a tenant at the center since 2012
• Ollie’s Bargain Outlet assumed a Big Lot’s lease in 2025, the lease is through January 2029
• Beall’s Outlet Stores signed a 5 year renewal in 2023, extending their lease through April 2028
• Other recent lease renewals include Firehouse Subs, which has been a tenant since 2014, and signed a 5 year renewal in 2024, extending their lease through March 2029
• All tenants have five year options to renew and the majority have scheduled rent increases
• Starbucks recently signed a brand new 10-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The Starbucks was constructed in 2024 and features high-quality materials, high-level finishes, and distinct Starbucks design elements
• The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 39,000 stores
• The Starbucks lease features 10% rental increases every 5 years and at the beginning of each option