HILLTOP PLAZA OFFERING MEMORANDUM...Coldwell Banker Commercial Elite, is pleased to offer this 16,500 SF NNN Leased Multi -Tenant Retail/Office Building ... An additional 2,575+ units

HILLTOP PLAZA ELITE

CBCElite.com / CBCworldwide.com

16,500 SF | 96.7% Leased | NNN

HILLTOP PLAZA OFFERING MEMORANDUM 10400 COURTHOUSE ROAD ▫ SPOTSYLVANIA, VA

ELITE

FOR MORE INFORMATION CONTACT:

1201 Central Park Boulevard | Fredericksburg, Virginia 22401 | 540.786.1402

CARL BRAUN Direct: 540.842.7551 [email protected]

BRIAN CUNNINGHAM Direct: 540.429.3414 [email protected]

HILLTOP PLAZA ELITE


16,500 SF | 96.7% Leased | NNN Confidentiality Statement

This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Commercial affiliate or by the Seller. The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent. Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing. The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them

Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Each Office is Independently Owned and Operated. Although the information contained herein was

provided by sources believed to be reliable, Coldwell Banker Commercial Elite makes no representation, expressed or implied, as to its accuracy

HILLTOP PLAZA ELITE


16,500 SF | 96.7% Leased | NNN Executive Summary/Highlights

Coldwell Banker Commercial Elite, is pleased to offer this 16,500 SF NNN Leased Multi-Tenant Retail/Office Building for sale. The property is currently over 96% occupied to a variety of solid national, regional and local tenants with strong leases complimented by 3% & 5% annual rent increases. Tenants include Papa John’s Pizza, Dr. Ahmadiyar DDS, Dr. Caiafa Chiropractic, China House, a Barber Shop, Hilltop Cleaners, Ducky’s Frozen Yogurt, and a Nail Salon. Hilltop Plaza is situated adjacent to a Giant Grocery store with other nearby retailers including PNC Bank, Wells Fargo, McDonalds and Burger King. The property is located on Courthouse Road/Route 208 in Spotsylvania County, Virginia near the intersection with Leavells Road. The property benefits from direct frontage and easy accessibility and great visibility at a signalized intersection with over 44,000 vehicles traveling in front of the property daily. Located in an area that is undergoing and planned for major growth. Over 5,600 housing units have been approved for development in Southeastern Spotsylvania County, of which 626 units are currently under construction. An additional 2,575+ units are in planning and approval stages within the same area. The additional rooftops will provide additional residents increasing the need for services and ultimately boosting business revenue and investment within the surrounding area. The Fredericksburg Region has been and will continue to outpace most localities in the U.S. in population and housing growth (by percentage). Spotsylvania County is projected to be the 2nd fastest growing suburb of Washington D.C. through 2040 which will provide a great basis for business growth and future investment.

• 16,500 SF Multi-Tenant Retail/Office Building for Sale

• 1.92 Acre Lot

• 96.7% Leased

• National, Regional, & Local tenants with Strong leases complimented by 3% and 5% annual increases

• Strong occupancy history • Prime frontage on Route

208/Courthouse Road with traffic Counts in excess of 44,000 ADT

• Situated at a fully Signalized intersection

• Adjacent to a Giant Grocery store, PNC Bank, Well Fargo, Burger King and McDonalds

• Densely populated area with

over 50,000 residents within 3 miles and over 100,000 within 5 miles

• Located in Spotsylvania County-projected to be the 2nd fastest growing suburb of D.C. through 2040



HILLTOP PLAZA ELITE


16,500 SF | 96.7% Leased | NNN Investment Summary

THE PROPERT Y HILLTOP PLAZA 10400 Courthouse Road Spotsylvania, VA 22553 Over view

Vacant 1,596 SF (owner will execute 1 yr master lease)

Lease Type Absolute NNN

Ownership Fee Simple

Building Size 16,500 SF

Leased 96.7%

Lot Size 1.92 Acres

Lease Term Per Tenant

Term Remaining Per Tenant

Roof & Structure Landlord Responsibilities

NOI $357,420

Price $5,295,106

© 2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by

Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.

China House 2,004 SF Hilltop Cleaners 3,000 SF Barber Shop 1,500 SF Minh Le Nail Salon 900 SF

TENANTS Papa John’s 1,500 SF Dr. Ahmadiyar 1,500 SF Ducky's Froyo & Coffee 1,500 SF Dr. Caiafa 1,500 SF Pets 1,500 SF

FULL RENT ROLL/LEASE ABSTRACT AND COPIES OF LEASES AVAILABLE UPON REQUEST

HILLTOP PLAZA ELITE


16,500 SF | 96.7% Leased | NNN

PROPERTY DESCRIPTION

HILLTOP PLAZA: 10400 COURTHOUSE RD, SPOTSYLVANIA, VA 22553


ELITE

HILLTOP PLAZA ELITE


16,500 SF | 96.7% Leased | NNN Property Description



THE PROPERT Y

HILLTOP PLAZA 10400 Courthouse Road Spotsylvania, Virginia 22553 PROPERT Y SPECIF ICATIONS Total Building Size 16,500 square feet

Pad Site Area 1.92 acres

Parcel ID 35-6-1

Classification Multi-Tenant Retail/Office

Structure Single Story Brick

Parking 79 spaces (Near 5:1 Ratio)

Year Built 1990

Zoning C2

County Spotsylvania County

35-6-1

HILLTOP PLAZA ELITE


16,500 SF | 96.7% Leased | NNN Aerial Exhibit



LEAV

ELLS

ROA

D

MILL GARDEN 252 SFH

MILL GARDEN 79 TH

BREEZEWOOD 300 APTS

HILLTOP PLAZA ELITE


16,500 SF | 96.7% Leased | NNN

MARKET PROFILE

Fredericksburg ▪ Spotsylvania County ▪ Virginia


ELITE

HILLTOP PLAZA ELITE


16,500 SF | 96.7% Leased | NNN Location-Fredericksburg Region

The Fredericksburg Region, which includes the City of Fredericksburg and the counties of Spotsylvania, Stafford, King George and Caroline, is strategically located 50 miles south of Washington D.C.( the 4th largest market in the U.S.), and 50 miles north of Richmond, VA. The Fredericksburg Region has been one of the fastest growing regions in the Commonwealth of Virginia and the United States; recent census data from the U.S. Census Bureau has ranked Fredericksburg as the 6th fastest growing locality in the U.S. with a growth rate of 5.8%. Civil War Battlefields, Golf Courses, Marinas, Wineries and other exciting amenities throughout the Region annually provide an endless inflow of tourists . The Fredericksburg Region offers countless recreational activities from boating on the Potomac and Rappahannock river to attending concerts at Celebrate Virginia Live. Quick Facts on Tourism Americans traveling into the Fredericksburg Region spent $619 million locally in 2012! • Approximately $241 million was spent by tourists in

Spotsylvania County, followed by Fredericksburg ($157 million), Stafford County ($116 million), Caroline County ($84 million) and King George County ($20 million).

• The travel industry provided about 6,460 jobs in the

Fredericksburg Region in 2012 and created approximately $17 million in local tax revenue. (Virginia Tourism Corp.)

• The Fredericksburg Region has a total population over 300,000

• Located 50 miles south of Washington D.C. and 50 miles north of Richmond, VA

• 3 Military Installations located in the Region: Marine Corps Base Quantico (Stafford), A.P. Hill (Spotsylvania), Dahlgren (King George); These bases employ over 40,000 people and produce an economic impact of $6 Billion annually

• 5 VRE (Virginia Railway Express) Stations

• Home to the University of Mary Washington and Germanna Community College

• 3 Hospitals: Spotsylvania Regional Medical Center, Mary Washington Hospital, Stafford Hospital

• Major Employers include: Geico, Department of Defense, FBI, Mary Washington Healthcare

• One of the fastest growing Regions in Virginia and the U.S. and boasts some of the highest household incomes in the Nation



HILLTOP PLAZA ELITE


16,500 SF | 96.7% Leased | NNN Aerial Proximity Map



COURTLAND HS 1,300 Students

Southpoint I EXIT 126

Southpoint II

Courtland Commons

LEE’S HILL OFFICE PARK 305,000 SF

LEES PARKE 2,200 SFH

FOX POINT 580 SFH

LEAVELLs CROSSING & CEDARBROOKE

460 SFH

New | Underway

Approved

Planning/Approval

Existing

HILLTOP PLAZA ELITE


16,500 SF | 96.7% Leased | NNN Demographics: Population & Households



HILLTOP PLAZA ELITE


16,500 SF | 96.7% Leased | NNN Demographics: Income Data



HILLTOP PLAZA ELITE


16,500 SF | 96.7% Leased | NNN CONTACT INFORMATION



BRIAN CUNNINGHAM Coldwell Banker Commercial ELITE 1201 Central Park Blvd Fredericksburg, VA 22401 Mobile: (540) 429.3414 [email protected]

BACKGROUND Brian E. Cunningham serves as Senior Associate Broker for Coldwell Banker Elite. He brings 13 years of experience in commercial real estate and will continue his focus on general brokerage of all types in one of Virginia s fastest growing regions with a specialty in retail, medial and investment sales. Cunningham has not only led at previous firms like GVA Advantis & Vakos Real Estate but has consistently been his firm’s top producer wherever he goes. Cunningham’s knowledge of the Fredericksburg & Northern Virginia region and its key players enable him to provide quality representation to both landlords and tenants. Established relationships, proven results, attention to detail, effective decision making and a strong level of character and integrity are his cornerstones to a solid foundation for exceeding client expectations. Recent transactions include the sale of 160 acre to Dominion Raceway & Entertainment, an 11 Acre and a 6.2 Acre site to a multi-family developer; Recent investment sales include the sale of a 10,600 SF and a 7,500 SF NNN Leased Retail Buildings. Notable clients include Lidl, Ziff Properties, Tricord Homes and is also the broker representative for 7-11 in the greater Fredericksburg Region. Born and raised in the Washington, DC metropolitan area, Cunningham is a cum laude graduate majoring in Mass Communications from James Madison University. He also attends and serves at LifePoint Church in Fredericksburg. AWARDS Coldwell Banker Commercial Elite Top Leasing Agent-2014 DESIGNATIONS & AFFILIATIONS CCIM (Certified Commercial Investment Manager) Expected 2017

ICSC (International Council of Shopping Center)

FAAR (Fredericksburg Area Association of Realtors)

Realtors Commercial Alliance

Leadership Fredericksburg Alumni Association

HILLTOP PLAZA ELITE


16,500 SF | 96.7% Leased | NNN CONTACT INFORMATION



BACKGROUND Carl Braun is a Senior Sale Associate at Coldwell Banker Commercial Elite and specializes in Land Development, Investment, Site Selection, Residential, Commercial/Retail Sales, and Leasing. He received a degree in both Real Estate and Business Management and as an entrepreneur owned his own health club for 11 years. Carl’s first adventure in Real Estate started in 1989 with the purchase of an investment property. With a diverse business acumen and entrepreneurial spirit, he has the experience to create a strategy and help clients execute their real estate plan from business concept, franchising, and investment to disposition. His commitment to integrity, exceeding his client’s expectations and building relationships are the foundations on which he serves his client’s needs. Carl has represented Buyers, Sellers, Tenants, and Landlords and has worked with both local small businesses as well as national clients. Some notable clients include O’Reilly Auto, Krispy Kreme, Tricord Homes and Lennar Homes. Braun is also the Broker/Tenant Representative for 7-11 in the greater Fredericksburg Region.

DESIGNATIONS & AFFILIATIONS

National Association of Realtors Member

ICSC (International Council of Shopping Center)

FAAR (Fredericksburg Area Association of Realtors)

CARL BRAUN Coldwell Banker Commercial ELITE 1201 Central Park Blvd Fredericksburg, VA 22401 Mobile: (540) 842.7551 [email protected]

Documents

HILLTOP PLAZA OFFERING MEMORANDUM...Coldwell Banker Commercial Elite, is pleased to offer this 16,500 SF NNN Leased Multi -Tenant Retail/Office Building ... An additional 2,575+ units