OFFERING SUMMARY

Springs Crossing consists of a well-established retail center located in Hickory, North Carolina. The Food Lion anchored-center is 43,071 square foot center and is 100% occupied.

The Center is well positioned on Springs Road NE, one of the main thoroughfares in Hickory, and sits just northeast of the city's business district. Springs Crossing is located approximately 3-miles north of I-40, a major East-West interstate in North Carolina and about 4-miles east of US-321, a multilane highway offering an alternative North-South route to I-77.

SUBMARKET OVERVIEW

Hickory is located in the Western part of North Carolina in the foothills of the Blue Ridge Mountains. The metropolitan population of Hickory is approximately 360,000 and is one of the largest in the state. The Hickory Metro is synonymous with furniture and furniture shopping and more than 50 percent of the nation's furniture is produced within a 200-mile radius of the city. Hickory was voted an All-America City in 2007 by National Civic League.