Five Rivers Plaza

Investment Highlights

FAMILY DOLLAR TREE ANCHORED SHOPPING CENTER
• The subject property is a 40,085 square foot shopping center anchored by a brand new Family Dollar Tree combo store located in Newport, TN
• Newport is located 45 minutes from the heart of Knoxville, TN

INVESTMENT GRADE ANCHOR TENANT
• The shopping center is anchored by a new Family Dollar Tree combo store (55% of GLA)
• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.
• Tenant built out a new location less than a year ago and has 4 years left on initial 5-year term.

STABILIZED ASSET WITH HIGH RETURN METRICS
• Leasing Momentum | 2 Executed leases in the last 6 months
• Center boasts a 10.00% cap for a Stabilized Center
• Priced Below Replacement Cost: $51/SF
• Low rental rates provide opportunity to raise rent
• Avg. Rent: $5.82

NEWPORT, TN | KNOXVILLE MSA
• The city of Newport, TN is the county seat of Cocke County
• Located 45 minutes outside of Knoxville
• Newport is situated along the Pigeon River in an area where the foothills of the Great Smoky Mountains descend into the French Broad drainage basins.
• Subject property is located in a retail node of Newport that includes tenants such as Tractor Supply, Food City, Dollar General, Krystal, Sonic, Napa Auto Parts, and more