OFFERING SUMMARY

Island Crossing consists of a well-established retail center located in Hilton Head, South Carolina. The 96,598 square feet shopping center is anchored by Publix, Staples and Walgreens and is 96% occupied, offering an investor a stabilized investment. Island Crossing is located on the northwest corner of Hilton Heads most traveled intersection, where BR-278 and US-278 meet. US-278 connects the island to the mainland and BR-278 is the islands principal corridor.

SUBMARKET OVERVIEW

The Property is located on Hilton Head Island, South Carolina, one of the most affluent resort communities in the Southeast. Island Crossing serves some of Hilton Head's most prominent neighborhoods and is uniquely positioned to dominate its trade area.

Hilton Head has a year-round population of nearly 35,000. The population can swell during the peak of summer vacation season to over 150,000. Hilton Heads population growth rate was 32% over the past decade and continues to increase by 1,000 people annually.

The political leaders and planning staff of Hilton Head are sensitive to overdevelopment and reflect the citizenry's concerns with congestion and aesthetics. Few available other locations in the market allow for major retail development. Hence, it is unlikely that the Property will see significant competition for tenants from new development. Thus, as population continues to grow, this retail space scarcity should push market rents even higher.