RIDGE POINT PLAZA...was ranked No. 5 in Forbes “Best Franchises to Buy” in 2018, and No. 25 on Entrepreneur’s 2018 Franchise 500 ranking. Other recent accolades include ranking

PLAZA CANTON, GA 30114

OFFERING MEMORANDUM | 2020RIDGE POINT3725 SIXES RD.

Confidentiality and Restricted Use Agreement This Confidential Offering Memorandum (“COM”) is provided by Seller, solely for your consideration of the opportunity to acquire the commercial property described herein (the “Property”). This COM may be used only as stated herein and shall not be used for any other purpose, or in any other manner, without prior written authorization and consent of Seller

This COM does not constitute or pertain to an offer of a security or an offer of any investment contract. This COM contains descriptive materials, financial information and other data compiled by Seller for the convenience of parties who may be interested in the Property. Such information is not all inclusive and is not represented to include all information that may be material to an evaluation of the acquisition opportunity presented. Seller has not independently verified any of the information contained herein and makes no representations or warranties of any kind concerning the accuracy or completeness thereof. All summaries and discussions of documentation and/ or financial information contained herein are qualified in their entirety by reference to the actual documents and/ or financial statements, which upon request may be made available. An interested party must conduct its own independent investigation and verification of any information the party deems material to consideration of the opportunity, or otherwise appropriate, without reliance upon Seller. The Property may be financed or withdrawn from the market without notice, and its owner(s) reserve(s) the right to negotiate with any number of interested parties at any time. The Property is offered and sold by its owner(s) as is, where is, and with all faults, without representation or warranty of any kind except for any customary warranties of title.

BY ACCEPTING THIS COM, YOU AGREE THAT: (1) all information contained herein, and all other information you have received or may hereafter receive from Seller relating to the Property, whether oral, written or in any other form (collectively, the “Information”), is strictly confidential; (2) you will not copy or reproduce, and claim as your own without attribution to Seller, all or any part of this COM or the Information; (3) upon request by Seller at any time, you will return and/or certify your complete destruction of all copies of this COM and the Information; (4) for yourself and all your affiliates, officers, employees, representatives, agents and principals, you hereby release and agree to indemnify and hold harmless Seller all of its affiliates, officers, employees, representatives, agents and principals, from and with respect to any and all claims and liabilities arising from or related to the receipt or use of this COM and/or any other Information concerning the Property; (5) you will not provide this COM or any of the Information to any other party unless you first obtain such party’s acceptance and approval of all terms, conditions, limitations and agreements set forth herein, as being applicable to such party as well as to you; and (6) monetary damages alone will not be an adequate remedy for a violation of these terms and that Seller shall be entitled to equitable relief, including, but not limited to, injunctive relief and specific performance, in connection with such a violation and shall not be required to post a bond when obtaining such relief.

CONFIDENTIALITY STATEMENT

3284 Northside Parkway, Suite 125Atlanta, GA 30327TEL 404 500 8961

BRIDGE POINTPLAZA

404 483 [email protected]

Jason F. ChaliffDirector

TABLE OFCONTENTS

FINANCIAL SUMMARY | 12

LOCATION MAPS | 05

RESIDENTIAL GROWTH | 06

MARKET AERIAL MAP | 07

RETAIL PENETRATION | 08

DIVERSE TENANT MIX | 09

THE PROPERTY | 10

RENT ROLL | 11

THE OFFERING| 04

AREA HIGHLIGHTS | 13

TENANT SUMMARY | 14

DEMOGRAPHICS | 20

14,727 SFRentable Square Feet

74,052 SFLand Area

7.28%Cap Rate

1.70 ACRESProperty Dimensions

$3,150,000Price

BRIDGE POINT PLAZAT H E O F F E R I N G3725 Sixes Road | Canton, GA

INVESTMENT OVERVIEWBridge Pointe Plaza is a retail shopping center, well positioned in Canton, a wealthy Atlanta suburb. Built in 2004, this center is 100% occupied with a mix of strong retail and service businesses. The center is located in the affluent Bridgemill area (average household income of $116,000 within one-mile) and is projected to grow to over $131,000 in the next five years. There are several luxury home developments currently under construction bringing more than 160 homes priced $300,000 - $500,000 to the market.

AREA INFORMATIONBridge Pointe Plaza is ideally and strategically located three miles off Interstate 575 approximately 40 minutes north of Downtown Atlanta. It is located in Cherokee County, which has been ranked one of the fastest growing counties in the nation by the US Census and Atlanta Business Chronicle and averages 10% business growth annually. There are over 91,000 people within 5 miles of the site with an average HH income over $100,000. The center is located one mile from the Bridge Mill Athletic Club and Lake Allatoona, which has over 7,000,000 visitors annually.

HIGHLIGHTS◊ Well known tenants including Marco’s Pizza & Benchmark Physical Therapy◊ Modern construction (2004) with desireable small suites◊ 100% occupied with scheduled rent bumps◊ Recent lease signing with strong operators◊ Over 160 luxury homes under construction within two minute drive of property◊ 7,000,000 visitors to nearby Lake Allatoona annually

4

$213.89Price Per Square Feet

5

L O C AT I O N M A P S

6 6

R E S I D E N T I A L G R O W T H

Bridgemill Heights(D.R. Horton)

83 Homes$310,000 - $360,000

The Arbor at BirdgemillLuxury Assisted Living &

Memory Care$4,000+ monthly

Extra Space Storageest. 2019

Overlook at Sixes85 Luxury 55+ community

$380,000 - $560,000

7

M A R K E T A E R I A L

Sixes Elementary

Bridgemill Heights(D.R. Horton)

83 Homes$310,000 - $360,000

Sixes Road - 11,000 Vehicles per Day

Sixes Road

8

R E TA I L P E N E T R AT I O N

ONE-MILE TRADE AREA TWO-MILE TRADE AREA• POPULATION: 3 ,399

• RETAIL SF: 230,805 SF

• SF PER CAPITA: 67.90 SF

• POPULATION: 16,451

• RETAIL SF: 252,801 SF

• SF PER CAPITA: 15.36 SF

575

L a k e A l l a t o o n a i s a n a t u r a l b a r r i e r, d r i v i n g t r a f f i c t o S i x e s R d . t r a d e a re a

Lake Allatoona7 Million visitors per

year

One Mile

Two Miles

9

D I V E R S E T E N A N T M I X

TENANT % OF CENTER

BIO - TECH CLEANERS 13.86%

MARCO’S PIZZA 10.42%

TWISTED CYCLING 20.49%

BENCHMARK PHYSICAL THERAPY 10.24%

CHEROKEE COMPUTER GUYS 10.24%

AAA INSURANCE 10.06%

SHEAR INTRIGUE SALON 10.06%

RAINBOW ASIA RESTAURANT 14.62%

FITNESS20.49%

HEALTH & PERSONAL CARE

20.30%

DINING25.04%

SERVICE13.87%

TECHNOLOGY10.24%

FINANCIAL SERVICES

10.06%

10

T H E P R O P E RT Y

11

LEASE TERM

Suite Tenant Square Footage % of Center Start Expiration Annual Base Rent Annual Rent/SQ.FT. Estimated Recapture

Escalations

101 Bio-Tech Cleaners 2,041 13.86% Jan-13 Dec-22 $42,831 $20.99 4% Annually Thereafter

102 Marco's Pizza 1,535 10.42% Sep-10 Sep-20 $37,147 $24.20 $5,455 3% Annually Thereafter

103-104 Twisted Athletics 3,018 20.49% Feb-20 Jul-25 $45,963 $15.23 $10,726 3% Annually Thereafter

105 Benchmark Physical Therapy

1,508 10.24% May-20 Oct-25 $22,620 $15.00 $5,655 3% Annually Thereafter

106 Cherokee Computer Guys

1,508 10.24% Dec-15 Mar-21 $24,610 $16.32 $5,359 3% Annually Thereafter

107 AAA Insurance 1,482 10.06% Dec-18 Feb-24 $22,896 $15.45 $5,267 3% Annually Thereafter

108 Shear Intrigue Salon 1,482 10.06% Jun-18 Nov-23 $22,133 $14.93 $5,267 3% Annually Thereafter

109 Rainbow Asia Restaurant

2,153 14.62% Jan-13 Dec-22 $42,831 $19.89 4% Annually Thereafter

Occupied 100% 14,727 100.00% $261,065 $17.75 $37,730

R E N T R O L L

12

F I N A N C I A L S U M M A RYFINANCIAL

Price: $3,150,000

Down Payment: 25.00% $787,500

Current CAP: 7.28%

Cost per Gross Square Foot: $213.89

Annual Rent per Square Foot: $17.75

LO A N I N F O R M AT I O N

First Loan Amount: $2,362,500

Interest Rate: 4.20%

Amortization: 25

Term: 5

Monthly Payment: $12,732.51

R E T U R N

Current Rents

Scheduled Gross Income $261,065

Plus Overage

Plus Recapture 37,730

Total Income $298,795

Less Vacancy 14,940 5.0%

Gross Operating Income $283,855

Less Expenses 54,387

Net Operating Income $229,468

Loan Payments 152,790

Pre Tax Cash Flow $76,678 9.73%

Plus Principal Reducation 54,608

BUILDING

Year Built: 2004

Building Square Feet: 14,727

Land Parcel (Acres): 1.7

TENANTS

Marco's Pizza Shear Intrigue

Bio-Tech Cleaners Rainbow Asia

Cherokee Computer Guys AAA Insurance

Twisted Cycling Benchmark Physical Therapy

EXPENSES

Taxes $17,617

Insurance $4,736

Electricity $4,000

Landscaping $5,000

Sweeping $3,250

Trash Disposal $6,050

Management $7,789

Repairs & Maintenance $3,000

Capital Repairs ($0.20 PSF) $2,945

13

DEMOGRAPHIC TRENDS KEY DRIVERS

Over 91,000 residents within 5 miles

Over 13% growth in population within 1 mile since 2010

Average household income of over $116,000 within 1 mile

Over 160 luxury homes to be delivered near property

Tenants provide good diversification of risk

Ample parking in front for customers and in back for tenants is ideal

7,000,000 visitors annually to nearby Lake Allatoona

A R E A H I G H L I G H T S

Two mile trade area significantly under-retailed

Tenant Summary & Lease Abstract

TenantMarco’s Pizza

9/30/2020

10 Years

14

3% Annual Increase

Terminat ion Date

Term

Increases

Secur i ty Depos it$2,558

OptionsTwo 5 Year Options with 3% increases in each option

Rent ScheduleFrom To Monthly Base Rent Annual PSF

10/01/19 9/30/2020 $3,188.96 $24.93

10/01/20 9/30/2021 $3,284.63 $25.68

10/01/21 9/30/2022 $3,383.17 $26.45

10/01/22 9/30/2023 $3,484.66 $27.24

10/01/23 9/30/2024 $3,589.20 $28.06

10/01/24 9/30/2025 $3,696.88 $28.90

10/01/25 9/30/2026 $3,807.79 $29.77

10/01/26 9/30/2027 $3,922.02 $30.66

10/01/27 9/30/2028 $4,039.68 $31.58

10/01/28 9/30/2029 $4,160.87 $32.53

10/01/29 9/30/2030 $4,285.70 $33.50

Marco’s Pizza

1,535Square

Feet

09/01/2010Commencement

Date

Marco’s Is the fastest growing pizza chain in the world with over 1000 locations in 35 states and 4 countries. This location offers a small dine-in area as well as carryout and delivery. Most recently, Marco’s Pizza was ranked No. 5 in Forbes “Best Franchises to Buy” in 2018, and No. 25 on Entrepreneur’s 2018 Franchise 500 ranking. Other recent accolades include ranking No. 2 on Entrepreneur’s 2018 Top 200 Food and Restaurant Franchises in the pizza segment

Taxes Ut i l i t iesTenant pays all taxes Tenant to pay all utilities Tenant to pay PRS

CAM

15


15

TenantAAA Insurance

02/29/2024

5 Years, 3 Months

3 % Annual Increase

Terminat ion Date

Term

Increases

Secur i ty Depos it$2,488.42

OptionsNone


12/1/2018 2/28/2019 $0.00 $0.00

3/1/2019 11/30/2019 $1,852.50 $15.00

12/1/2020 11/30/2020 $1,908.08 $15.45

12/1/2021 11/30/2021 $1,965.32 $15.91

12/1/2022 11/30/2022 $2,024.28 $16.39

12/1/2023 11/30/2023 $2,085.01 $16.88

12/1/2024 2/29/2024 $2,147.56 $17.39

AAA Insurance

1,482Square

Feet


Date

AAAInsuranceisanaffiliateof AAA (American Automobile Association), a privately held not-for-profitnationalmemberassociation and service organization with over 60 million members in the United States and Canada.

AAA Insurance offers comprehensive auto, life and home insurance policies . David Amazon owns this local AAAInsuranceofficewherehe and his team with over 20 years experience advising local residents in all areas of risk management.

Taxes Ut i l i t ies CAMTenant pays all taxes Tenant to pay all utilities Tenant to pay PRS

16


TenantBenchmark Physical Therapy

10/31/2025

5 Years with two 5 Year Options

3% Annual Increase

Terminat ion Date

Term

IncreasesRent Schedule

From To Monthly Base Rent Annual PSF

05/12/2020 11/30/2020 $0.00 $0.00

12/01/2020 05/31/2020 $1,885 $15.00

06/01/2021 05/31/2022 $1,941.30 $15.45

06/01/2022 05/31/2023 $1,999.80 $15.91

06/01/2023 05/31/2024 $2,059.79 $16.39

06/01/2024 05/31/2025 $2,121.58 $16.88

06/01/2025 10/31/2025 $2,185.23 $17.39

11/01/2025 05/31/2026 $2,185.23 $17.39

06/01/2026 05/31/2027 $2,250.80 $17.91

06/01/2027 05/31/2028 $2,318.31 $18.45

06/01/2028 05/31/2029 $2,387.86 $19.00

06/01/2029 05/31/2030 $2,459.50 $19.57

06/01/2030 05/31/2031 $2,533.30 $20.161,508Square

Feet


Date

Benchmark Physical Therapy

BenchMark Physical Therapy is a leading operator of outpatient physical therapy clinics in the United States. Founded in 1995 with a single center in Ooltewah, Tennessee, BenchMark Physical Therapy quickly grew to deliver physical therapy services through an expanding network of more than 700+ clinics in 24 states making them the 4th largest Physical Therapy provider in the nation.


17 17



02/01/2020 04/30/2020 $0.00 $0.00

05/01/2020 07/31/2020 $0.00 $0.00

08/01/2020 01/31/2021 $3,832.86 $15.24

02/01/2021 01/31/2022 $3,947.85 $15.70

02/01/2021 01/31/2022 $4,066.28 $16.17

02/01/2022 01/31/2023 $4,188.27 $16.65

02/01/2024 01/31/2025 $4,313.91 $17.15

02/01/2025 07/31/2025 $4,443.34 $17.67

Twisted Athletics

3,018Square

Feet


Date

Twisted Cycling is an Atlanta area spin studio with four locations. They offer an hour long workout that combines indoor cycling and two strength training circuits. Classes can be purchased in store or online with single class, multi-class, and membership options available. Bridgepoint is the latest location for Twisted Cycling and they are excited to open


TenantTwisted Athletics

07/31/2025

5 Years, 6 Months

3% Annual Increase

Terminat ion Date

Term

Secur i ty Depos itNone

OptionsNone

Increases


Rainbow Asia

12/31/2022

5 Years4% Annual Increase

Terminat ion Date

TermIncreases

Rent Schedule


01/01/2020 12/31/2020 $3,569.28 $19.89

01/01/2021 12/31/2021 $3,712.05 $20.69

01/01/2022 12/31/2022 $3,860.53 $21.52

Taxes Ut i l i t ies CAMLL Expense Tenant to pay all utilities

18

LL Expense

03/10/2021

5 Years, 3 Months

Terminat ion Date

Term

3% Annual Increase

Increases

Rent Schedule


12/11/2019 03/10/2021 $2,050.83 $16.32

03/11/2021 11/30/2021 $2,112.42 $16.81

12/11/2021 12/10/2022 $2,175.80 $17.31


Square Feet1,508

12/11/2015

Commencement Date

Square Feet2,153

01/01/2013

Commencement Date

Cherokee Computer Guys

19 19

Bio-Tech Cleaners

12/31/2022

5 Years4% Annual Increase

Terminat ion Date

TermIncreases

Rent Schedule


01/01/2020 12/31/2020 $3,569.28 $20.99

01/01/2021 12/31/2021 $3,712.05 $21.82

01/01/2022 12/31/2022 $3,860.53 $22.70

Taxes Ut i l i t ies CAMLL Expense Tenant to pay all utilities LL Expense

11/30/2023

5 Years, 5 Months

Terminat ion Date

Term

3% Annual Increase

Increases


09/01/2019 08/31/2020 $1,844.47 $14.93

09/01/2020 08/31/2021 $1,899.81 $15.38

09/01/2021 08/31/2022 $1,956.80 $15.84

09/01/2022 08/31/2023 $2,015.50 $16.32

09/01/2023 11/30/2023 $2,075.97 $16.81



Square Feet1,482

06/01/2018

Commencement Date

Square Feet2,041

01/01/2013

Commencement Date

Hair by Audrey

20

P O P U L AT I O N O N E M I L E T H R E E M I L E S F I V E M I L E S

2019 Population 3,399 38,855 91,344

2010 Population 2,984 34,853 81,633

5 Year Projected 3,754 42,426 99,333

Growth Over the Past 9 Years 13.91% 11.48% 11.90%

Projected Growth Over the Next 5 Years 10.44% 9.19% 8.75%

H O U S E H O L D S

2019 Households 1,092 13,116 31,208

% Owner Occupied 84.00% 74.70% 74.20%

% Renter Occupied 11.00% 19.00% 19.60%

2010 Households 971 11,934 28,269

5 Year Projected 1,199 14,245 33,792

Growth Over the Past 8 Years 12.46% 9.90% 10.40%


I N C O M E

2019 Average Household Income $116,601 $108,534 $100,616

5 Year Projected $131,457 $121,559 $112,544


2019 Atlanta Average Household Income $81,382 One Mile is 43% Higher than Atlanta Avg.

2019 Georgia Average Household Income $70,633 One Mile is 65% higher than Georgia Avg.

E M P LO Y M E N T & E S TA B L I S H M E N T S

2018 Employees/Daytime Population 1,197 6,544 21,296

2018 Total Establishments 161 826 2,653

R A C E

White 89.40% 85.8 85.3

African American 5.10% 7.30% 7.10%

Hispanic Origin (Any Race) 5.70% 7.30% 8.50%

Native American/Alaskan Native 0.40% 0.20% 0.20%

Asian/Oacific Islander 2.60% 2.40% 2.00%

Two ro More Races 1.50% 2.50% 2.60%

Other Race 0.90% 1.70% 2.80%

D E M O G R A P H I C S

Documents

RIDGE POINT PLAZA...was ranked No. 5 in Forbes “Best Franchises to Buy” in 2018, and No. 25 on Entrepreneur’s 2018 Franchise 500 ranking. Other recent accolades include ranking