Great Northwest Shopping Center

TRANSITIONAL VALUE-ADD RETAIL OPPORTUNITY

• Great Northwest Shopping Center presents a rare opportunity to acquire a 68,031 SF neighborhood retail center positioned for comprehensive repositioning. The asset offers immediate cash flow, embedded contractual rent increases, and significant lease control — combined with substantial physical improvement needs that create a clear path for value creation.

CONTRACTUAL RENT GROWTH ALREADY IN PLACE

• Two major tenants are scheduled for significant rent increases over the next 12–18 months, materially improving forward NOI without reliance on speculative leasing assumptions. These built-in step-ups provide immediate income growth upon execution.

HEAVY LEASE CONTROL WITH MTM FLEXIBILITY

• Multiple tenants are operating month-to-month, providing ownership with: • Immediate ability to reset below-market rents • Re-tenant underperforming suites • Convert legacy gross leases to NNN structures • Upgrade overall tenant profile

ATTRACTIVE ENTRY BASIS RELATIVE TO REPLACEMENT COST

• The asset offers at a fraction of replacement cost for a 5.25-acre retail site in Northwest San Antonio, providing: • Downside protection • Long-term land value support • Redevelopment optionality

CLEAR REPOSITIONING ROADMAP

• The asset offers multiple value-creation paths: • Capital infusion + rent reset strategy • Lease restructuring and CAM optimization • Tenant mix upgrade • Cosmetic and structural renovation to reposition rents • Long-term hold with phased improvements

INVESTMENT SUMMARY

• Great Northwest Shopping Center represents a rare chance to acquire a well-located retail center at a discounted basis, recapitalize the physical plant, and reposition the asset through active management and lease restructuring. For investors seeking yield expansion through operational execution and capital improvements, this offering presents a compelling risk-adjusted opportunity.

Location Highlights

• The property is located in the Northwest Crossing neighborhood of San Antonio, known for its mix of residential and commercial properties, including retail centers, restaurants, and office buildings.
• The area is well-connected, with easy access to major highways such as Loop 1604 and Highway 151, enhancing visibility and accessibility for businesses operating in the vicinity.
• The neighborhood has a growing population, with several residential developments in the vicinity, indicating potential for increased foot traffic and customer base for businesses in the area.
• Northwest Crossing is a vibrant and dynamic community, with a diverse demographic profile that can provide businesses with opportunities to cater to a wide range of consumer preferences and needs.