* Single Tenant Retail Asset – Currently 100% leased to Kirkland’s, a specialty home décor store. Kirkland’s (NASDAQ: TBHC) has a market capitalization of $32 million, an annual revenue of $441 million and operates in over 309 locations throughout the US
* Anticipated Repositioning Potential – Kirkland’s is paying just $1.25 GROSS ($0.58 NNN equivalent), with their term expiring in January 2026 and they have no more options to renew. Their current rent is significantly below market levels, anticipated to be $1.50 NNN PSF/Mo, presenting a significant opportunity to re-lease the premises at a current market rate
* Regional Retail Location – The property is a junior anchor within Stoneridge Towne Centre, a ±434,500 SF community center located at the core of a vibrant retail trade area that includes national credit tenants including, Super Walmart, Super Target, Dollar Tree, Kohl’s, EoS Fitness, Taco Bell, Chili’s, Carl’s Jr., Round Table Pizza, Wendy’s, Starbucks, Panda Express, H&R Block, US Bank, Chase Bank and others
* High Growth Area – Stoneridge Towne Centre sits directly across Eucalyptus Ave from Beazer Homes’ Hyde Park, a gated community with more than 275 single-family residences that completed construction in mid-2025 and fully sold out by November 2025
* Proximate to World Logistics Center – The ±40.6M SF World Logistics Center, one of the world’s largest logistics hubs, has begun initial construction phases, with full completion targeted for 2030 as part of Highland Fairview’s $25 billion sustainable project. Featuring 27 high-cube buildings with rooftop solar for carbon neutrality, ±1,000 EV charging stations, zero-emission trucks, and 70% water reduction, it will generate ±33,000 jobs and ±$3 billion in economic impact