Belleville Crossing

Investment Highlights

BELLEVILLE CROSSING | ST LOUIS MSA
• Belleville Crossing is 86K SF retail center located in Belleville, IL, and a part of the St. Louis MSA
• Featuring a strong mix of national, credit, and service-based tenants, including PetSmart, Ross, Dollar Tree, and Hibbett
• An average tenant tenure of 13 years for the center demonstrates proven tenant commitment and long-term operating history
• The property is shadow anchored to a Target and Home Depot
• #1 most visited shopping center in Belleville, IL
• Belleville Crossing sees over 2.5M visits per year and is averaging 5%+ YOY growth over the past 3 years

PROVEN BRAND NAME TENANTS
• Belleville Crossing features a strong mix of nationally recognized brands, including PetSmart, Ross, Dollar Tree, Hibbett, Famous Footwear, Bath & Body Works, and more
• The property benefits from shadow anchor big-box traffic generated by Target and Home Depot, which helps drive consistent foot traffic to the area
• These tenants are proven long-term operators with an average tenant tenure of 13 Yrs
• 55%+ of the GLA has been at the center for 16+ Yrs
• Ross recently executed a new 10-year lease, which demonstrates leasing momentum and junior box tenant demand for the center

BELOW-MARKET RENTS PROVIDE FUTURE UPSIDE
• Belleville Crossing sees over 2.5M visits per year and is averaging 5%+ YOY growth over the past 3 years
• Future embedded upside in underpaying junior box anchors
• Ross paying $5.75 PSF
• Al Quds Beauty Supplies paying $5.00
• As larger leases roll or are extended, ownership has the ability to pursue rent growth through renewals, extensions, or long-term lease restructuring
• Strong Placer performance from the tenants in the center:
• Hibbett: Top 13% in the state | Top 24% in the nation
• Dollar Tree: Top 17% in the state | Top 14% in the nation
• Maurices: Top 25% in the state | Top 30% in the nation
• Great Clips: Top 33% in the state | Top 35% in the nation
• PetSmart: Top 43% in the state

ST. LOUIS MSA
• Belleville Crossing is located within the St. Louis MSA, approximately 20 minutes from downtown St. Louis
• Belleville is a bedroom community of St. Louis, with many residents regularly commuting in and out of the city.
• The employment base is driven by Scott Air Force Base, Memorial Hospital Belleville,
BJC Healthcare, Boeing, Southwestern Illinois College, and the broader St. Louis
economy
• The surrounding trade area includes 86,602 residents within 5 miles with an average household income of $88,286
• Belleville Crossing’s specific location, surrounding big-box traffic, national tenant mix, and proven tenant history make it one of the more attractive retail assets in the area.