C O U R S E Y C O M M O N S S H O P P I N G C E N T E R C O U R S E Y B L V D, B A T O N R O U G E, L O U I S I A N A

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1 C O U R S E Y C O M M O N S S H O P P I N G C E N T E R C O U R S E Y B L V D, B A T O N R O U G E, L O U I S I A N A A V A I L A B L E F O R S A L E M a e s t r i - M u r r e l l, I n c J e f f e r s o n H i g h w a y, S u i t e A, B a t o n R o u g e, L A O f f i c e :

2 T A B L E O F C O N T E N T S O V E R V I E W D E T A I L S A E R I A L P H O T O S S I T E P L A N S U R V E Y A N C H O R P R O F I L E T E N A N T S R E N T R O L L F I N A N C I A L S N A P S H O T D E M O G R A P H I C S M A R K E T O V E R V I E W C O N T A C T I N F O R M A T I O N

3 P R O P E R T Y O V E R V I E W COURSEY BLVD, BATON ROUGE, LOUISIANA Maestri-Murrell, Inc is now offering for sale Building A & B that shadow Wal-Mart Neighborhood Market in Coursey Commons (Wal-Mart not a part). Coursey Commons is a 67,755-squarefoot shopping center, anchored by a 39,910 square foot Wal- Mart Neighborhood Market, which takes up nearly 60 percent of the total GLA. The center sits on 9.4 acres located on the north side of Coursey Boulevard near Jones Creek. The property offers three points of egress including a traffic signal. This center has strong visibility and high vehicle counts. The property has five available suites totaling 7,000 square feet, providing a value-add component. Other tenants in the center include Smoothie King, AT&T, UPS Store, Sally Beauty, Weight Watchers, Vanguard Salon, Snap Fitness, Eyemax, and Wonder Cuts. Contact agent for additional details and a site visit.

4 D E T A I L S Location Property Type Gross Leasable Area (GLA) Sale Price Coursey Blvd, Baton Rouge, Louisiana Grocery Anchored Shopping Center 27,945 Square Feet Contact Broker In Place NOI $284,500 Sale Terms As- is, where is Vacancy 7,000 Square Feet (25%) Tenant Count Lease Types NNN Charges Parking 17 Units (5 current vacancies) NNN Zoning C-2 Year Built 2003 Land Area Tenants $4.70 per Square Foot 340 spaces (5 per 1,000 SF) acres (including Wal-Mart) Wal-Mart Neighborhood Market (anchor), Smoothie King, Salon Aerie, Tony s Jewelry, Sally Beauty Supply, AT&T, Spectacular Tubers, Weight Watchers, Anna s Nails Salon, Eyemax, Wonder Cuts, Paul Mitchell, UPS Store, Snap Fitness

5 Sherwood Forest AERIAL

6 A E R I A L BUILDING A BUILDING B

7 S I T E P L A N Tenant Suite # SQ. FT. SMOOTHIE KING B4 1,000 AVAILABLE B3 1,000 Salon Aerie B2 1,500 AVAILABLE B1 1,600 TONY'S JEWELRY A1A 1,600 SALLY BEAUTY A1B 1,600 AT&T A2 2,000 SPECTACULAR TUBERS A3 1,600 WEIGHT WATCHERS A4 1,600 AVAILABLE A5 1,200 ANNA'S NAILS A6 1,200 AVAILABLE A7 1,600 EYE MARKET A8 2,000 WONDER CUTS A9 1,600 AVAILABLE A10 1,600 VANGUARD SALONS A11 1,645 THE UPS STORE A12 1,200 SNAP FITNESS A13 2,400 B3 B2 B3 B4 B4 B1 B1 not a part A1A A2 A1B A1B A1A A2 A4 A6 A5 A3 A5 A7 A4 A6 A8 A8 A10 A9 A10 A11 A12 A13

8 S U R V E Y Parcel B NOT TO BE SOLD Parcel A Parcel C

9 A N C H O R P R O F I L E Walmart Neighborhood Market is a chain of grocery stores founded by Walmart in 1998 that began aggressively expanding the concept a few years ago, more than doubling the number of stores between fiscal 2013 and fiscal At an average of 42,000 square feet, Neighborhood Markets are about the size of a typical Whole Foods. The stores feature a variety of products, including fresh meat, dairy and produce, health and beauty, cleaning products and pet supplies, pharmacy services, along with a limited selection of general merchandise. The concept is unlike Walmart's Supercenters, which carry a wide variety of general merchandise in addition to a full line of groceries. The stores were designed to create easy parking and less crowded aisles along with a quick checkout process. NYSE: WMT 699 Walmart Neighborhood Market Locations (as of 1/31/2017) Open in 31 States 11,500+ Walmart Locations #1 Fortune 500 Company Source:

10 T E N A N T S SMOOTHIE KING: Smoothie King is a smoothie food retailer that caters blended fruit-based drinks. First opening in 1973 as a stand-alone vitamin shop in Kenner, Louisiana, Smoothie King now encompasses over 600 locations. SALON AERIE: Salon Aerie offers a wide range of hair styling services for the Baton Rouge community and surrounding area for hair of all hair types and textures. Salon Aerie has over 45 years of combined experience and offers a friendly professional atmosphere committed to excellence. TONY S JEWELRY DESIGN: Tony s Jewelry Design is a family owned and operated jewelry store located on Coursey Boulevard in Baton Rouge, Louisiana. They offer unique services in custom jewelry design, as well as jewelry repair, appraisals, engraving, and many more. SALLY BEAUTY: Sally Beauty Holdings, Inc is an American international specialty retailer and distributor of professional beauty supplies with revenues of more than $3.8 billion annually. AT&T MOBILITY: AT&T Mobility LLC is, formerly known as Cingular Wireless and market as simply AT&T, is a wholly owned subsidiary of AT&T that provides wireless services to over 135 million subscribers in the United States. AT&T Mobility is the second largest telecommunications provider in the US and Puerto Rico behind Verizon Wireless. SPECTACULAR TUBERS: Spectacular Tubers, founded in February of 1980 by Gary Ricks, is a Louisiana based restaurant specializing is stuffed baked potato meals. Currently located in Gramercy, Baton Rouge, and Gonzales with a fourth location being built in Lutcher, Spectacular Tubers is growing at a rapid rate. WEIGHT WATCHERS: Weight Watchers International is an American company that offers various products and services to assist weight loss and maintenance. Founded in 1963 by Queens, New York, homemaker Jean Nidetch, it now operates in about 30 countries worldwide. ANNAS NAILS: Anna s Nails is a locally owned and operated cosmetics store specializing in manicures and pedicures. Solely located in the Coursey Commons shopping center of Baton Rouge, Louisiana, Anna s Nails has been dedicated to serving the Baton Rouge community. EYE MARKET VISION CENTER: The Eye Market medical vision center has been serving the Baton Rouge area for over 70 years. At over 10 locations throughout Baton Rouge and the surrounding areas they provide premier eye medical treatment to their customers. WONDER CUTS: Wonder Cuts is a family owned and operated hair care salon located throughout Louisiana. They have been focusing on providing affordable hair care to customers of all ages since VANGAURD SALON SYSTEMS: Vanguard Salon Systems, INC. as founded in 1998 by visionary entrepreneurs Mark and Lisa Palermo. As exclusive marketers and distributors of name brand professional beauty products from John Paul Mitchell Systems, Vanguard has succeeded in being the number one distributor of Paul Mitchell Products in the Baton Rouge area. THE UPS STORE: The UPS Store network is the world s largest franchiser of retail shipping, postal, printing and business service centers. Today, there are nearly 4,700 independently owned The UPS Store locations in the U.S., Puerto Rico, and Canada. SNAP FITNESS: Snap fitness is a privately owned and operated health and fitness club founded in 2003 by Peter Taunton. Headquartered in Chanhassen, Minnesota, the company specializes in smaller fitness gyms with a no frills business model that does not include pool, tennis courts, or locker rooms. Located at Coursey Commons since

11 R E N T R O L L TENANT NAME SQ/FT RENT/FT BASE RENT (ANNUAL) CAM (ANNUAL) TAX (ANNUAL) LEASE COMMENCE LEASE EXPIRATION Smoothie King 1,000 $22.37 $22, $3, $1, /20/07 1/31/19 Available 1,000 RENT ESCALATION Salon Aerie 1,500 $15.43 $23, $3, $ /16/15 1/31/25 5% Annually Available 1,600 Tony's Jewelry Design 1,600 $12.73 $20, $5, $2, /1/14 7/31/19 Sally Beauty 1,600 $17.00 $27, $5, $1, /20/04 12/31/19 *AT&T 2,000 $20.25 $40, $5, $3, /1/08 3/31/18 Spectacular Tubers 1,600 $13.00 $20, $5, $2, /18/14 1/31/20 Weight Watchers 1,600 $10.13 $16, $4, $3, /12/11 3/31/22 3% Annually Available 1,200 *Anna's Nails 1,200 $23.48 $28, $3, $1, /1/07 8/31/17 Available 1,600 *Eye Market Vision Center 2,000 $18.00 $36,000 $3, $2, /10/03 12/31/17 3% Annually *Wonder Cuts 1,600 $20.75 $33, $5, $2, /17/03 3/31/17 Available 1,600 Vanguard Salon Systems 1,645 $9.00 $14, $4, $1, /9/12 4/30/22 3% Annually The UPS Store 1,200 $22.50 $27, $3, $2, /10/08 7/31/18 2.2% Annually Snap Fitness 2,400 $13.80 $33, $7, $3, /5/06 7/31/22 2% Annually TOTAL 27,945 $342, $61, $29, *Tenant lease renewal currently being approved in Wal-Mart real estate committee

12 F I N A N C I A L S N A P S H O T Current Annual Base Rent $342,882 Current Expense Recovery (CAM & Tax) $90,901 TOTAL GROSS INCOME $433, Property Taxes* ($44,615) CAM ($86,695) Reserves ($0.15/ft) ($4,190) Management Fee (4.0%) ($13,750) TOTAL OPERATING EXPENSES ($149,250) NET OPERATING INCOME $284,533 *41% prorata of 2016 expense Square Feet Available 7,000 Potential Rent per Sq. Ft. $16.00 Potential Expense Recovery per Sq. Ft. $4.70 POTENTIAL INCOME $144,900

13 D E M O G R A P H I C S 1 Mile Radius 3 Mile Radius 5 Mile Radius Population (2016) Estimated Population (2016) 7,755 73, ,762 Estimated Households (2016) 3,307 30,085 60,613 Projected Annual Growth (2021) 0.12% 0.45% 0.46% Projected Population (2021) 7,802 74, ,226 Projected Households (2021) 3,324 30,751 61,970 Total Daytime Employees 2,883 47, ,567 Total Daytime Residents 3,155 32,758 70,131 Race and Ethnicity (2016) % White 75.7% 61.0% 60.1% % Black or African American 15.9% 29.5% 29.9% % American Indian or Alaska Native 0.2% 0.3% 0.3% % Asian 4.6% 4.7% 5.0% % Hawaiian Pacific Islander 0.1% 0.1% 0.0% % Hispanic 4.1% 5.7% 6.1% % Other 1.3% 2.4% 2.5% % Two or more Races 2.1% 2.0% 2.0% Housing Units (2016) # Owner Occupied Housing Units 2,090 16,164 35,309 # Renter Occupied Housing Units 1,216 13,951 25,258 Household Income (2016) Average Household Income $97,442 $83,941 $82,135 Median Household Income $80,102 $61,778 $59,320 Per capita income $40,775 $34,682 $33,667 Median Home Value (2016) $221,380 $208,801 $196,909 Household Income Distribution (2016) Household Income Base $3,307 $30,085 $60,613 <$15, % 9.0% 9.5% $15,000 to $24, % 8.7% 9.4% $25,000 to $34, % 9.4% 9.7% $35,000 to $49, % 14.0% 13.8% $50,000 to $74, % 16.0% 16.6% $75,000 to $99, % 12.2% 12.2% $100,000 to $149, % 17.4% 16.6% $150,000 to $199, % 7.8% 6.8% $200, % 5.6% 5.5%

14 D E M O G R A P H I C S 1 Mile Radius 3 Mile Radius 5 Mile Radius Educational Attainment (2016) Total $5,601 $49,844 $101,463 Less than 9th Grade 0.9% 1.4% 1.8% 9th-12th Grade, No Diploma 3.0% 4.9% 5.4% High School Graduate 18.2% 19.6% 20.6% GED/Alternative Credential 1.0% 1.5% 1.8% Some College, No Degree 25.7% 24.1% 23.7% Associate Degree 5.0% 6.1% 5.5% Bachelor's Degree 34.4% 30.8% 28.9% Graduate/Professional Degree 11.9% 11.7% 12.4% Business Demographics (2016) Total # of Businesses 417 4,556 8,751 Total # of Employees 3,034 53, ,519 Age Distribution (2016) Total 7,756 73, ,762 AGE UNDER 5 YEARS 5.1% 6.5% 6.5% AGE 5 TO 9 YEARS 5.4% 6.4% 6.4% AGE 10 TO 14 YEARS 5.8% 6.2% 6.2% AGE 15 TO 24 YEARS 11.4% 12.9% 12.6% AGE 25 TO 34 YEARS 15.4% 17.5% 16.6% AGE 35 TO 44 YEARS 12.6% 12.9% 12.8% AGE 45 TO 54 YEARS 13.3% 12.1% 12.1% AGE 55 TO 64 YEARS 15.4% 12.4% 12.4% AGE 65 TO 74 YEARS 10.2% 8.2% 8.4% AGE 75 TO 84 YEARS 4.1% 3.5% 4.1% AGE 85 YEARS OR OVER 1.2% 1.4% 1.8%

15 BATON ROUGE, LA M A R K E T O V E R V I E W As the state s second largest city, Baton Rouge is a major center for the industrial, petrochemical, medical, research, motion picture, and growing technology industries. The Port of Greater Baton Rouge is the farthest upstream Mississippi River port capable of handling Panamax ships. Additionally, Baton Rouge is home station to the Army National Guard 769th Engineer Battalion, which recently had units deployed to Iraq and Afghanistan. The armory is located near LSU. Baton Rouge is popular with tourists, as well, who frequent historical and local attractions such as the Louisiana State Capital, L Auberge Casino & Hotel, and the Baton Rouge Zoo. COURSEY COMMONS is located in of the densest residential areas of Baton Rouge near the intersection of Coursey Boulevard and Jones Creek Road. Only miles from the banks of the Mississippi River and LSU, this immediate area is home to a number of commercial developments including the Mall of Louisiana, Towne Center, Perkins Rowe, Acadian Village, Baton Rouge Country Club, and Bocage Country Club Our Lady of the Lake, Our Lady of the Lake Children's Hospital (under construction), Mary Bird Perkins Cancer Center, and Earl K. Long, are part of an emerging medical corridor in the Essen Lane / Bluebonnet Boulevard area and they are helping position Baton Rouge support a medical district Baton Rouge is a college town that is home to Louisiana s largest university, Louisiana State University (LSU), Southern University and A&M College, Virginia College, Our Lady of the Lake College, Tulane University, and Baton Rouge Community College whose students comprise approximately 20% of the city population. LSU and Tulane have both announced plans to construct satellite medical campuses in Baton Rouge with the intention of partnering with Our Lady of the Lake Medical Center and Baton Rouge General Medical Center.

16 C O N TA C T I N F O R M AT I O N R A N S O M P I P E S, C C I M R P I P E M M C R E. C O M D I R E C T C E L L W A D E G R E E N E, C C I M W G R E E N M M C R E. C O M D I R E C T C E L L M a e s t r i - M u r r e l l, I n c J e f f e r s o n H i g h w a y, S u i t e A, B a t o n R o u g e, L A O f f i c e : T h i s i n f o r m a t i o n h a s b e e n o b t a i n e d f r o m s o u r c e s w e b e l i e v e t o b e r e l i a b l e, b u t w e m a k e n o r e p r e s e n t a t i o n s o r w a r r a n t i e s a s t o t h e a c c u r a c y o f t h e i n f o r m a t i o n h e r e i n.