Major Tenants: Dick's Sporting Goods, PetSmart, Great Clips, OneMain Financial
100% Occupied, 65,525-Square-Foot Regional Retail Center Anchored by National Credit Tenants DICK’S Sporting Goods and PetSmart
Durable Cash Flow Profile | Weighted Average Lease Term of 4.2 Years with Long-Term PetSmart Lease Extending Through 2038
Shadowed by Top 6% WM in the US – Over 3.2M Annual Visits; Top 7% in the State and Ranked #1 in the Immediate Area
National Tenant Lineup Represents 100% of GLA | DICK’S Sporting Goods, PetSmart, OneMain Financial, and Great Clips
95% of GLA Occupied by Original Tenants – Tenure of 13+ Years
Neighboring Ashland Town Center Shop Rents – $70-$100/SF + NNNs – Tenured Tenants in Place for 10+ Years
Institutional-Quality Retail Asset | 2013 Construction with Modern Design and Minimal Near-Term Capital Requirements
Ashland is the principal city of the Huntington–Ashland “Tri-State” Metro, Home to Over 366,000 Residents
Lack of Options on Small Shop Space Creates Mark to Market Opportunity
Attractive Basis Relative to Replacement Cost | Offered at Approximately $171 Per Square Foot
Ashland Serves an Extended Trade Area of 30+ Miles | 1 of 2 locations within a 50 mile Trade Area for Dick’s and PetSmart
$4B Hyperscale Data Center Anchors Regional Growth – TeraWulf Inc. Proceeding with Muskie Data Campus – $4 billion, 285-acre hyperscale data center at EastPark Industrial Park near Ashland. Initial Delivery is Targeted for 2028, with full operating capacity by 2030
New Investment Expands Trade-Area Employment & Tax Base – Muskie Data Campus Projected to Generate Hundreds of Local Construction Jobs through 2030, 80–100 Permanent High-Skill Positions; Estimated to Deliver $300–419 million in Tax Revenue over its first 15 Years