3811 EVERGREEN PARKWAY

BOWIE, PRINCE GEORGE’S COUNTY

MARYLAND

OFFERING SUMMARY

THE SHOPPES AT BOWIETOWN CENTER

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PROPERTY HIGHLIGHTSWashington D.C. MSA Specialty Retail Center.104,000 SF extension of 578,000 SF Bowie Town Center, the region’s leading open-air lifestyle shopping destination. 98% leased.

Twelve Long Term NNN Tenants. 65% original, 85% national - Five Below (NSDQ:FIVE), Party City (NYSE:PRTY), Bank of America (NYSE:BAC), A.C. Moore, Music & Arts, David’s Bridal, new Goodwill.

Bowie Town Center. 70+ stores, 1,540,000-person trade area, 97% occupied; Safeway, Macy’s, Sears, Best Buy, Barnes & Noble, L.A. Fitness, Chipotle, Five Guys, Panera, Red Robin, Starbucks…

Value-add Opportunity. In 2019 increase A.C. Moore’s (22,050 SF) signifi cantly below-market rent.

Dense High-Income. 49,000 residents with $129,005 average household income within 3-mile radius and 106,000 with $136,023 average household income within 5 miles.

Thriving Area Economy. Major government, technology, aerospace and university area employers, Joint Base Andrews Air Force Base (15,000 employees). Unemployment below average at 3.2%.

Exceptional Growth. Adjacent to new Bowie City Hall, high-end apartments, hotels, 50- acre Bowie Health Campus. Newly slated area developments for townhomes, commercial, hotels and thousands of residential units.

Beauty CenterBeauBeau Cty Center

AVAILABLE1600 SF (20X80)

Evergreen Pkwy

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Bowie Town Center is an outdoor “Main Street” style mall of 578,000 square feet, with over 70 stores and drawing visitors from Prince George’s and Anne Arundel Counties. Built in 2001, the Center is anchored by Safeway, Macy’s, Sears, Best Buy, Barnes & Noble, L.A. Fitness, Off Broadway Shoes, Starbucks and Chipotle. Bowie Town Center is also home to a variety of fast-casual and full-service restaurants such as Chipotle, First Watch, Five Guys, Longhorn Steakhouse, Panera, Red Robin, and Starbucks. Owned by Washington Prime Group, the Center has an occupancy rate of 97%. The Shoppes at Bowie Town Center was built in 2004 as a direct extension of the Center, maintaining identical facades and signage.

With a population of 54,700, Bowie is the largest municipality in Prince George’s County and one of the largest and fastest growing in Maryland. Bowie capitalizes on its premier location in proximity to major commercial and employment centers: Washington, D.C. (12 miles), Annapolis (15 miles), and Baltimore (20 miles).

Bowie’s economy is driven by a large population of affl uent well-educated professionals, including 37,000 households in the immediate vicinity with an average household income of

BOWIE, MD

DEMOGRAPHICS

$136,000, well above the state average. More than 46% of residents hold a bachelor’s degree or higher. An abundance of local and federal government jobs and a robust technology and aerospace sector bolster the area economy, affording Bowie a low unemployment rate of 3.2%. Bowie is an optimal “commuter city” with immediate access to major highways U.S. Route 50, MD Route 295, Interstate 95, the Washington, D.C. Beltway (I-495), and the Baltimore Beltway (I-695). Other transportation options for commuters include Amtrak, Maryland Rail Commuter (MARC), and access to the Washington, D.C. Metro from Bowie’s Park and Ride commuter lot. Nearby airports are Baltimore Washington Thurgood Marshall International Airport (BWI), Reagan National Airport.

Six Flags America amusement theme park draws visitors from afar, while Bowie continues to experience signifi cant growth. Developments near Shoppes at Bowie Town Center include new Bowie City Hall, a 286-unit high-end apartment complex and the 50- acre Bowie Health Campus. Approved for construction are: Amber Ridge 150-200 townhomes, Southlake’s 475,000 commercial square feet, 390 hotel rooms and 1,294 residential units, and preliminary approval for Melford’s 1,800 residential units and 528,000 offi ce/commercial square feet.

THE SHOPPESAT BOWIE TOWN CENTER

Bowie

Bowie

THE SHOPPESAT BOWIE TOWN CENTER

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Neuman Commercial Group, seller and their respective representatives make no representations or warranties, express or implied,

regarding the accuracy or completeness of the information in this Offering Summary. Prospective purchasers are responsible

to conduct an independent due diligence investigation and consult with their legal, tax, and other professional advisors before

making an investment decision. This offering is subject to prior placement, withdrawal, cancellation, or modifi cation without notice.

BALTIMORE10451 Mill Run Circle, Suite 1050 | Owings Mills, MD 21117

WASHINGTON D.C.7910 Woodmont Ave., Suite 870 | Bethesda, MD 20814 VA License #0226027961 MD License #623443

neumancommercial.com

GIL NEUMANgneuman@neumancommercial.com202-838-0153

CYRUS KASHFIANckashfi an@neumancommercial.com202-838-0154

CHAR LANGclang@neumancommercial.com443-219-1477