vicksburg makreting package -...

Vicksburg MallThis information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.

References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

317-844-0700 [email protected]

Vicksburg, Mississippi

www.riserretailgroup.com Vicksburg Mall

he information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Riser Retail Group and should not be made available to any other person or entity without the written consent

of Riser Retail Group. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Riser Retail Group has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and im-provements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physi-cal condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Riser Retail Group has not verified, and will not verify, any of the information contained herein, nor has Riser Retail Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or complete-ness of the information provided.

All potential buyers must take appropriate measures to verify all of the information set forth herein.

All property showings are by appointment only.Please consult your Riser Retail Group agent for more details.


An Investor will be selected based on the ability and willingness of the Investor to close the transaction swiftly. Investors are required to submit offers on the Letter of Intent (LOI) template (See Exhibit A). The Investor’s ability to close the transaction will be evaluated using a number of factors including:

1. Available inancial resources for the transaction.2. Level of discretion to invest funds3. Experience in closing similar transactions4. Ability to source and place debt5. Onsite visit and inspection before contract phase6. Willingness to accept the terms detailed in the Sellers standard (LOI)7. Willingness to commit adequate resources necessary to close the transaction

A Letter of Intent (LOI) template (Exhibit A) is attached at the end of this package. An Investor may, at their discretion, draft and submit their own LOI stating the price and terms they are proposing. Seller reserves the right at their own discretion to accept or reject any and all offers. Offers should include, at minimum, the following transaction framework:

1. Purchase Price2. Earnest Money Deposit3. Name of the Ultimate Bene icial Owner(s)/Purchaser4. Respective Interests if More than One Owner/Partnership5. Evidence Financial Ability to Complete the Transaction6. Method of Financing7. Terms and Conditions of Closing8. Due Diligence and Closing Periods






3. Name of the Ultimate Bene icial Owner(s)/Purchaser4. Respective Interests if More than One Owner/Partnership5. Evidence Financial Ability to Complete the Transaction


3. Name of the Ultimate Bene icial Owner(s)/Purchaser4. Respective Interests if More than One Owner/Partnership5. Evidence Financial Ability to Complete the Transaction

A Letter of Intent (LOI) template (Exhibit A) is attached at the end of this package. An Investor may, at their discretion, draft and submit their own LOI stating the price and terms they are proposing. Seller reserves the right at their own discretion to accept or reject any and all offers. A Letter of Intent (LOI) template (Exhibit A) is attached at the end of this package. An Investor may, at their discretion, draft and submit their own LOI stating the price and terms they are proposing. Seller reserves the right at their own discretion to accept or reject any and all offers.

Please Submit All Offers To:John F. RiserRiser Retail Group600 East 96th StreetSuite 590Indianapolis, IN 46240P: 317.844.0700F: [email protected]


Investment SummaryAuction Date: 3/9/2016NOI: $1,085,474GLA: 189,821 Square Feet

Site Area: 23 Acres

Occupancy: 79%Average HH Income: $51,584

• Regions Only Enclosed Mall• Anchored by:

• Hobby Lobby• B&B Theaters• Belk (Not Included)• Dillard’s (Not Included)

• Durable Brick Construction• Upside Potential• Value Add Opportunity

• 21% Vacant• Below Market Rents• Gross Leases (Convert to NNN)

• Located Intersection of I-20 & US-61


Vicksburg Mall3505 Pemberton Square BlvdVicksburg, MS 39180County: WarrenGLA: 189,821 Square FeetSite Area: 23 AcresOwnership: Fee SimpleParcel ID: 111029999001200Zoning: C-4Year Built: 1985Number Of Units: 39Occupancy: 79%Parking Spaces: AmpleFraming: Structural Steel & MasonryWindows: Plate Glass in Aluminum FramesExterior: BrickFoundation: Concrete Slab with Spread FootingsHVAC: Roof Mounted UnitsRoof: Rubber MembraneParking Lot: Asphalt


AERIAL


PROPERTY PHOTOS

Belk Not Included

Dillard’s Not Included

Dillard’s Not Included


Belk Not Included


SITE PLAN

Not Included

Not Included


Trade Name: Hibbet Sports HQ: Birmingham, AlabamaWeb Site: www.hibbett.comFranchisee: CorporateLocations: 925+

Trade Name: GNCHQ: Pittsburgh, Pennsylvania Web Site: www.gnc.comFranchisee: CorporateLocations: 8,900+

What’s good for the GNC customer is great for the company’s bottom line. GNC Holdings operates the world’s leading nutritional-supplements retail chain devoted to items such as vitamins, supplements, minerals, and dietary products. The irm manufactures private-label products for Rite Aid, Sam’s Club, and PetSmart and drugstore.com. Altogether, GNC boasts more than 8,900 stores, consisting of almost 3,500 company-owned stores in the US, Canada, and Puerto Rico, followed by 3,210 franchised stores in 50-plus countries, and 2,277 store-within-a-store sites in Rite Aid locations. Fast-growing GNC Holdings was founded as a health food store in Pittsburgh in 1935.

Trade Name: Hobby LobbyHQ: Oklahoma City, OklahomaWeb Site: www.hobbylobby.comFranchisee: CorporateLocations: 600 +

Small-town sports fans are the bread and butter for Hibbett Sports. The company sells sports equipment, athletic apparel, and footwear in small to midsized markets in more than 30 states, mainly in the South and Midwest. Its lagship Hibbett Sports chain boasts more than 925 locations; stores are primarily found in malls and strip centers anchored by a Wal-Mart. Hibbett also operates a single Sports & Co. superstore, a larger format featuring in-store putting greens, basketball hoops, and appearances by athletes. On a smaller scale, it runs about 20 mall-based Sports Additions shoe shops, most of which are situated near Hibbett Sports stores. The company also operates an e-commerce site.

Across more than 45 states, the company operates more than 600 stores that sell arts and crafts supplies, baskets, beads, candles, frames, home-decorating accessories, and silk lowers. It also operates in China, Hong Kong, and the Philippines. The #3 craft and fabric retailer (behind Michaels Stores and Jo-Ann Stores) boasts sister companies: Mardel, a seller of Christian and educational products, and Hemispheres, a supplier of home furnishings and other merchandise to Hobby Lobby stores. CEO David Green, who owns the company, founded Hobby Lobby in 1972 and operates it according to biblical principles, including closing shop on Sunday.


Trade Name: Payless ShoeSourceHQ: Topeka, Kansas Web Site: www.paylessshoesouorce.comFranchisee: CorporateLocations: 4,400+

Trade Name: Rainbow ShopsHQ: Brooklyn, New YorkWeb Site: www.rainbowshops.comFranchisee: CorporateLocations: 1,300 +

Payless ShoeSource helps footwear enthusiasts worldwide shop like Imelda Marcos. One of the top shoe retailers in the world, Payless ShoeSource operates more than 4,400 stores in more than 30 countries. It also has nearly 260 franchised stores located primarily in Asia, Eastern Europe, and the Middle East. Payless shops offer dress, athletic, and casual shoes; slippers; boots; and sandals for men, women, and kids. The discount shoe chain targets women age 18 to 49. Its North American stores stock about 6,600 pairs of shoes in 500 styles. Founded in 1956, today Payless ShoeSource is owned by Golden Gate Capital and Blum Capital Partners.

Rainbow Shops or Rainbow is a privately held, moderately priced American retail apparel chain comprising several lifestyle brands primarily targeting teens and young women. The company is headquartered in Brooklyn, NY.Rainbow Shops was founded in 1935 in New York City by Irving Arthur Swarzman, an Austrian native who was raised in Brooklyn. Swarzman brought his four brothers (Herman, Oscar, Ira, and Nat) into the business as they reached working age. They built the business from one shop to a high of eighty-two stores before selling the business in the 1970s. Rainbow Shops is now owned by Syrian Jewish Chehabar family. Today, along with sister brands 5-7-9 and Marianne, Rainbow operates 1,300 stores in United States, including 125 stores in Puerto Rico and 10 stores in the U.S. Virgin Islands.

TENANT PROFILES

B&B Theatres is a family-owned and operated cinema chain in Missouri, Texas, Kansas, Oklahoma, Nebraska, Arizona, Arkansas, and Florida, USA. . Founded in 1924, B&B currently operates 414 screens, and is the ninth largest theater chain in the United States. The company maintains offices in Liberty, Salisbury, and Fulton, Missouri.In September 2009, B&B Theatres announced that it had selected Christie Digital Systems to supply 2k digital projectors for the circuit’s transition to realD 3D capable digital cinema. The digital conversion was completed by April of 2012

Trade Name: B&B Theaters HQ: Liberty, MissouriWeb Site: www.bbtheatres.com.comFranchisee: Family OwnedLocations: 414+


TENANT PROFILES

Trade Name: Dillard’s, Inc.HQ: Little Rock, ArkansasWeb Site: www.dillards.com.comFranchisee: CoporateLocations: 270+

Tradition is trying to catch up with the times at Dillard’s. Sandwiched between retail giant Macy’s and discount chains, such as Kohl’s, Dillard’s is rethinking its strategy and trimming its store count. The department store chain operates about 270 locations (down from 330 in 2005) in some 30 US states, covering the Sunbelt and the central US. Its stores cater to middle- and upper-middle-income women, selling name-brand and private-label merchandise with a focus on apparel and home furnishings. Women’s apparel and accessories account for nearly 40% of its sales. Founded in 1938 by William Dillard, family members, through the W. D. Company, control the company.

Belk operates about 300 stores in more than 16 states, following its purchase of the Parisian chain from Saks. Previously, Belk acquired Saks’ McRae’s and Proffitt’s divisions. Belk stores are located primarily in the southeastern US and offer mid-priced brand-name and private-label apparel, shoes, jewelry, cosmetics, gifts, and home furnishings. Its stores usually anchor malls or shopping centers in small to midsized markets and target 35-to-54-year-old middle- and upper-income women. Founded in 1888 by William Henry Belk, the chain is run by chairman and CEO Thomas Belk.On August 24, 2015, Belk announced that it had entered into a definitive merger agreement to be acquired by New York-based private equity firm Sycamore Partners. The acquisition was completed on December 10, 2015.

Trade Name: Belk, IncHQ: Charlotte, NorthWeb Site: www.belk.comFranchisee: CoproateLocations: 300+

Not Included*


Rentable Percent Lease Lease Current Current

Square of Start Expiration Annual Annual Expense

Tenant Suite Feet Center Date Date Rent/SF Rent Reimbursements

Grand Portraits 19 2,346 1.24% 11/1/2015 4/1/2016 $2.56 $6,000 0

Playland 2 6,351 3.35% 9/1/2011 9/1/2016 $1.89 $12,000 9,600

Rainbow USA 20 6,393 3.37% 2/1/2012 2/1/2017 $10.17 $65,000 14,964

Vacant 21 1,050 0.55% 1/1/2016 12/1/2016 $0.00 $0 0

Pemberton Hairstylists 22 1,050 0.55% 11/1/2007 1/1/2018 $13.14 $13,800 10,773

e Wok 23 1,338 0.70% 5/1/1996 1/1/2017 $19.61 $26,244 20,783

Vacant 24 7,201 3.79% 1/1/2016 12/1/2016 $0.00 $0 0

Tanner Jewelers 25 1,975 1.04% 11/1/2011 10/1/2016 $15.19 $30,000 7,200

Preppy Chicks 26 2,550 1.34% 10/1/2015 7/1/2016 $1.88 $4,800 1,800

Vacant 27 883 0.47% 1/1/2016 12/1/2016 $0.00 $0 0

Sports Addition 29 2,509 1.32% 7/1/2003 1/1/2018 $23.91 $60,000 0

GNC 31 1,485 0.78% 3/1/1985 8/1/2016 $0.00 $0 3,506

Vacant 32 1,880 0.99% 1/1/2016 12/1/2016 $0.00 $0 0

Hibbett Sports 33 6,638 3.50% 2/1/2005 1/1/2018 $13.34 $88,551 69,837

Vacant 34 563 0.30% 1/1/2016 12/1/2016 $0.00 $0 0

Vacant 35 1,725 0.91% 1/1/2016 12/1/2016 $0.00 $0 0

US Army Recruiting 36A 1,150 0.61% 5/1/2010 4/1/2016 $16.10 $18,513 6,540

Vacant 36B 1,283 0.68% 1/1/2016 12/1/2016 $0.00 $0 0

e Computer Lab 38A 592 0.31% 10/1/2015 3/1/2016 $5.07 $3,000 0

Vacant 39 1,851 0.98% 1/1/2016 12/1/2016 $0.00 $0 0

River City Steakhouse 4 4,800 2.53% 4/1/2015 3/1/2020 $7.05 $33,816 43,632

Payless Shoesource 40 4,381 2.31% 10/1/1994 3/1/2017 $0.00 $0 14,895

Source 42 4,214 2.22% 2/1/2005 1/1/2016 $3.42 $14,400 0

Good Soldier Martial Arts 43 4,573 2.41% 11/1/2015 11/1/2016 $1.97 $9,000 0

Jordan 44 3,342 1.76% 11/1/2008 6/1/2017 $3.59 $12,000 0

20/20 Eye Works 45 3,540 1.86% 1/1/1998 10/1/2016 $16.09 $56,942 22,333





Popcorn & Beyond 46 490 0.26% 4/1/2012 4/1/2017 $9.80 $4,800 0

Vacant 46A 444 0.23% 1/1/2016 12/1/2016 $0.00 $0 0

Riverbend Eye Care 47 2,120 1.12% 4/1/2013 3/1/2018 $15.62 $33,114 8,175

Vacant 48 1,667 0.88% 1/1/2016 12/1/2016 $0.00 $0 0

Vacant 48A 1,260 0.66% 1/1/2016 12/1/2016 $0.00 $0 0

2000 & Beyond Nail Salon 49 1,073 0.57% 9/1/2001 5/1/2016 $20.02 $21,480 0

Alcorn State University 5 8,622 4.54% 8/1/2013 8/1/2023 $17.96 $154,863 24,000

2000 & Beyond Nail Salon 50 895 0.47% 5/1/2015 6/1/2020 $12.07 $10,800 0

DollarRama Pay Loan 51 3,000 1.58% 3/1/2014 2/1/2016 $1.00 $3,000 3,000

Fashion Center 9 3,596 1.89% 11/1/2015 10/1/2017 $8.34 $30,000 0

Belk (not included) A 1 0.00% 8/1/1985 7/1/2035 $0.00 $0 31,002

Mutual Credit Union ATM 1 0.00% 12/1/2011 12/1/2016 $12,000.00 $12,000 0

Cardtronics ATM2 1 0.00% 1/1/2013 12/1/2016 $6,000.00 $6,000 0

Hobby Lobby B 54,358 28.64% 1/1/2014 2/1/2024 $7.50 $407,685 0

Dillard's (not included) C 1 0.00% 11/1/1999 1/1/2030 $0.00 $0 39,522

ECO ATM CA02 150 0.08% 10/1/2013 10/1/2016 $40.00 $6,000 0

Vacant CA02 150 0.08% 1/1/2016 12/1/2016 $0.00 $0 0

Southern Sweets CA03 12 0.01% 1/1/2010 12/1/2016 $100.00 $1,200 0

Vacant CA06 48 0.03% 1/1/2016 12/1/2016 $0.00 $0 0

Vacant D 19,425 10.23% 1/1/2016 12/1/2016 $0.00 $0 0

B&B eaters E 16,213 8.54% 10/1/2015 6/1/2026 $11.10 $180,000 3,600

B&B eaters E-2 1 0.00% 1/1/2016 11/1/2022 $49,208.00 $49,208 0

Vacant K1 150 0.08% 1/1/2016 12/1/2016 $0.00 $0 0

Impression Jewelry K2 150 0.08% 10/1/2006 12/1/2016 $72.00 $10,800 0

Discount Connection K3 150 0.08% 6/1/2007 4/1/2017 $80.00 $12,000 0

Vacant K4 150 0.08% 1/1/2016 12/1/2016 $0.00 $0 0





Hurricane Simulator T13 10 0.01% 10/1/2009 12/1/2016 $120.00 $1,200 0

Vacant T18 10 0.01% 1/1/2016 12/1/2016 $0.00 $0 0

Vacant T9 10 0.01% 1/1/2016 12/1/2016 $0.00 $0 0

Total 189,821 $1,398,216 $335,162

Occupied 150,071 79.06%

Vacant 39,750 20.94%


Price: Best Off er

NOI: $1,085,474Approx. Gross Square Feet: 189,821

Approximate Age: 1985

Site Area (Acres): 23

Current Operating Data Current Expenses

Current Rents Stabilized Pro Forma

Gross Potential Rent: $1,500,961 $1,885,156

Expense Recapture: $319,061 $244,451 CAM $519,576

Percentage Rent: $20,550 $4,036 Taxes $56,399

Vending Income: $31,352 $32,136 Insurance $31,230

Scheduled Gross Income: $1,871,924 $2,165,779 Management $45,973

Vacancy $32,999 $108,289 Admin $100,273

Eff ective Gross Income: $1,838,925 $2,057,490

Less Expenses: $753,451 $776,601

Net Operating Income: $1,085,474 $1,280,889 Total Expenses: $753,451

Per Rentable Square Foot: $3.96

2016 Projected Operating Information Summary


Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

For the Years Ending Dec-2016 Dec-2017 Dec-2018 Dec-2019 Dec-2020 Dec-2021 Dec-2022 Dec-2023 Dec-2024 Dec-2025 Base Rental Revenue $1,500,961 $1,885,156 $1,887,754 $1,883,342 $1,906,192 $1,932,272 $2,012,186 $1,991,108 $2,296,405 $2,367,136 Absorption & Turnover Vacancy (32,999) (41,194) (12,940) (6,286) (32,162) (51,913) (24,889) (66,230) (7,113)

Scheduled Base Rental Revenue 1,467,962 1,843,962 1,874,814 1,883,342 1,899,906 1,900,110 1,960,273 1,966,219 2,230,175 2,360,023 Retail Sales Percent Revenue 20,550 4,036

Expense Reimbursement Revenue

Utilities 173,055 114,429 79,195 76,709 42,506 31,227 32,008 23,298 4,386 4,496 General Repairs & Maintenance 143,085 128,946 78,860 75,947 77,845 79,792 81,786 83,831 85,927 88,075 Taxes 2,921 1,076 82

Total Reimbursement Revenue 319,061 244,451 158,137 152,656 120,351 111,019 113,794 107,129 90,313 92,571

Vending Income 31,352 32,136 32,939 33,763 34,607 35,472 36,359 37,268 38,199 39,154

Total Potential Gross Revenue 1,838,925 2,124,585 2,065,890 2,069,761 2,054,864 2,046,601 2,110,426 2,110,616 2,358,687 2,491,748 General Vacancy (67,095) (91,002) (103,488) (96,772) (71,776) (56,204) (81,886) (55,016) (117,830)

Eff ective Gross Revenue 1,838,925 2,057,490 1,974,888 1,966,273 1,958,092 1,974,825 2,054,222 2,028,730 2,303,671 2,373,918

Operating Expenses Utilities 287,203 294,383 301,743 309,286 317,018 324,944 333,067 341,394 349,929 358,677 Exterior Building 16,963 17,387 17,822 18,267 18,724 19,192 19,672 20,164 20,668 21,184 General Repairs & Maintenance 122,617 125,682 128,824 132,045 135,346 138,730 142,198 145,753 149,397 153,132 Parking Lot 9,412 9,647 9,888 10,136 10,389 10,649 10,915 11,188 11,468 11,754 Landscaping 10,090 10,342 10,601 10,866 11,137 11,416 11,701 11,994 12,294 12,601 Holiday Decorations 32 33 34 34 35 36 37 38 39 40 Recreational Facilities 999 1,024 1,050 1,076 1,103 1,130 1,159 1,187 1,217 1,248 Safety Services 72,260 74,066 75,918 77,816 79,762 81,756 83,799 85,894 88,042 90,243 Insurance 31,230 32,011 32,811 33,631 34,472 35,334 36,217 37,123 38,051 39,002 Taxes 56,399 57,809 59,254 60,736 62,254 63,810 65,406 67,041 68,717 70,435 Admin 100,273 102,780 105,349 107,983 110,683 113,450 116,286 119,193 122,173 125,227 Management 45,973 51,437 49,372 49,157 48,952 49,371 51,356 50,718 57,592 59,348

Total Operating Expenses 753,451 776,601 792,666 811,033 829,875 849,818 871,813 891,687 919,587 942,891

Net Operating Income 1,085,474 1,280,889 1,182,222 1,155,240 1,128,217 1,125,007 1,182,409 1,137,043 1,384,084 1,431,027


For the Years Ending Dec-2014 Dec-2015 Base Rental Revenue $1,126,532.85 $1,058,972.90 Percentage Rent Revenue $104,527.31 $100,941.46

Expense Reimbursement Revenue Utilities $198,154.16 $138,270.28 General Repairs & Maintenance $143,555.28 $134,884.07 Taxes -$787.22 $3,829.54

___________ ___________ Total Reimbursement Revenue $340,922.22 $276,983.89

Vending Income $37,867.97 $32,766.63 ___________ ___________

Eff ective Gross Revenue $1,609,850.35 $1,469,664.88 ___________ ___________

Operating Expenses Utilities $287,203.86 $256,937.18 Exterior Building $16,963.26 $8,263.95 General Repairs & Maintenance $122,617.91 $126,186.73Equipment Repiar -$259.46 $1,327.58 Parking Lot $9,412.74 $7,755.46 Landscaping $10,090.00 $9,869.16 Holiday Decorations $32.08 $135.60 Recreational Facilities $999.00 $553.76 Safety Services $72,260.69 $74,616.50

___________ ___________Total CAM $519,320.08 $485,645.92

Bad Debt $27,865.61General Repairs & Maintenance $1,559.81 $5,381.19Leasing & Marketing $4,085.50 $8,474.97 Insurance $31,230.49 $45,921.51 Taxes $56,399.79 $59,313.35 Admin $131,342.14 $135,730.95 Management $71,902.37 $61,657.52

___________ ___________Total Operating Expenses $843,705.79 $802,125.41

___________ ___________Net Operating Income $766,144.56 $667,539.47

Accretive Revenues for 2016

1. B&B eaters: $229,2082. Grand Portraits: $6,0003. Preppy Chicks: $6,6004. e Computer Lab: $3,0005. Good Soldier Martial Arts: $9,0006. 2000 & Beyond Nail Salon: $10,800

Total: $262,808

Expenses Excluded from 2016 Underwriting

1. Bad Debt Expense: $27,865

2. Loan Guarantee Expense: $31,069(part of Admin and not applicable to Buyer)

3. Additional Management Fees: $24,066 (Managers Salary is already included in Admin expense)

Total: $83,000

19

Vicksbrug is the county seat of Warrent County. It is located on the Mississippi River across from the state of Louisiana. With sweeping views of the Mississippi River, Vicksburg perfectly blends Southern culture and heritage with exciting modern-day attractions. From four world-class casinos and upscale shopping, dining and spas to some of the most fascinating historic sites, architecture and antebellum mansions in the nation, Vicksburg offers an authentic Southern experience you don’t want to miss. Vicksburg is located along the Great River Road at the crossroads of Historic Highway 80 and Highway 61- America’s Blues Highway. Home to five Mississippi Blues Trail markers, Vicksburg offers delta

blues music on Tuesday nights at LD’s Kitchen and on the weekends at various venues across the city.

Vicksburg Mall is Vicksburg’s only regional enclosed major shopping center. Anchored by Dillard’s, Belk, Goody’s, Hobby Lobby and Alcorn State University’s Vicksburg branch. Vicksburg Mall services a seven county trade area. B&B Theater and River City Steakhouse complement the mix of national, regional and locally-owned specialty shops, eateries and entertainment. Popular national retailers include Bookland, a division of Books-A-Million, GNC, Hibbett’s Sporting Goods, Rainbow, Sports Additions and Payless Shoe-Source. The US Air Force/ Army and Marines all

have Career Centers located in Vicksburg Mall.

www.vicksburgmall.com

About Vicksburg, Mississippi


1 mi radius 3 mi radius 5 mi radius

POPU

LATI

ON

2015 Estimated Population 28,757 44,871 63,293

2010 Census Population 28,774 45,500 64,516

2000 Census Population 30,386 46,813 67,339

Projected Annual Growth 2015 to 2020 -0.2% -0.4% -0.1%

Historical Annual Growth 2000 to 2015 -0.4% -0.3% -0.4%

HO

USE

HO

LDS 2015 Median Age 37.4 37.4 37.3

2015 Estimated Households 11,652 17,904 24,688

2010 Census Households 11,355 17,679 24,575

2000 Census Households 11,753 17,696 24,682

RA

CE

AN

D

ETH

NIC

ITY

Projected Annual Growth 2015 to 2020 0.6% 0.4% 0.6%

Historical Annual Growth 2000 to 2015 -0.1% 0.1% -

2015 Estimated White 37.8% 46.4% 44.8%

2015 Estimated Black or African American 59.4% 50.7% 52.6%

2015 Estimated Asian or Pacific Islander 1.0% 0.9% 0.8%

2015 Estimated American Indian or Native Alaskan 0.3% 0.2% 0.2%

INC

OM

E 2015 Estimated Other Races 1.5% 1.7% 1.6%

2015 Estimated Hispanic 1.8% 2.0% 1.9%

2015 Estimated Average Household Income $51,584 $56,627 $54,735

EDU

CAT

ION

(A

GE

25+)

2015 Estimated Median Household Income $37,140 $42,600 $40,839

2015 Estimated Per Capita Income $21,025 $22,674 $21,582

2015 Estimated Elementary (Grade Level 0 to 8) 5.2% 4.9% 5.5%

2015 Estimated Some High School (Grade Level 9 to 11) 11.8% 10.7% 11.3%

2015 Estimated High School Graduate 28.4% 27.8% 29.0%

2015 Estimated Some College 22.2% 23.0% 23.2%

2015 Estimated Associates Degree Only 8.4% 8.4% 8.1%

BU

SIN

ESS 2015 Estimated Bachelors Degree Only 14.4% 15.1% 14.2%

2015 Estimated Graduate Degree 9.7% 10.1% 8.8%

2015 Estimated Total Businesses 1,804 2,118 2,739

2015 Estimated Total Employees 23,491 27,741 34,955

DEMOGRAPHICS


Re: Offer for the purchase of Vicksburg Mall located in Vicksburg, MS & here in after referred to as the “Property”: and/or Related Assignee(s) (“Buyer”)For your consideration please ind the following Letter of Intent for the above referenced Property. This letter set forth the general terms and conditions for the proposed acquisition of the Property, but shall remain non-binding:

1. Purchase Price: $ 2. Conditions: The transaction shall be subject to Buyer’s review of the following items (“Due Diligence Items”):

a. Executed leases between Tenants and the Seller;b. Title Commitment and exception documents;c. All Environmental Reports in Seller’s possession; andd. Survey.

The above referenced due diligence items shall be delivered to Buyer within seven (7) days of the execution of a Purchase and Sale Agreement (“Purchase Agreement”). There may be additional due diligence required that may be added to the Purchase Agreement. Buyer shall have twenty-one (21) days from the later of receipt of the Due Diligence Items (“Due Diligence Period”) to review and approve the same for the Property. If Buyer noti ies Seller prior to the expiration of the Due Diligence Period that it has elected to terminate the Purchase Agreement, the Purchase Agreement between Buyer and Seller shall be null and void, and Buyer and Seller shall have no further obligations there under.Buyer shall pay all costs associated with its review of the above items, as well as any and all due diligence costs incurred by Buyer.

3. Deposits: Upon execution of the Purchase Agreement, Buyer will deposit $50,000.00 with Title company of seller’s choice as an earnest money deposit.

4. Closing Costs: Buyer will pay all closing costs including the base premium of the Owner’s Title Policy, any endorsements to the Owner’s Title Policy,


the cost of the Mortgagee Title Policy, and the cost of any new or updated survey.5. Loan Contingency: None (All Cash)6. Closing Date: 30 Days after Due Diligence7. Commission: Commission shall be per the terms of the separate Representation Agreement between Seller and Riser Retail Group.8. 1031 Exchange: The undersigned Buyer hereby represents and warrants that the Property will be nominated by Buyer as the number one replacement

property on Buyer’s 1031 starker list submitted to its accommodator. If for any reason Buyer does not nominate this Property as the number one replacement Property on said starker list, Seller may at any time under its sole discretion cancel any subsequent Purchase and Sale Agreement and keep the Deposit as damages. Buyer will submit its starker list to Seller within ive (5) calendar days or this agreement shall be null and void.

Any additional terms not stated herein shall be further de ined in any subsequent Purchase and Sale Agreement between Buyer and Seller.This letter is an expression of interest in Seller’s and Buyer’s mutual intent and will constitute a non-binding agreement while Seller and Buyer make a good faith, diligent effort to complete and execute a mutually acceptable Purchase and Sale Agreement on the Property that re lects the basic terms contained in this letter. Sincerely, Buyer DateAgreed and Accepted: Seller or Seller’s Authorized Agent Date

IMPORTANT NOTE: It is imperative that this letter of intent is accompanied by a buyer pro ile/resume, proof of funds, exchange accommodator account information (if applicable), or any other inancial statements proving the potential purchaser’s ability to acquire this asset.

Please Submit All Offers To:John F. RiserRiser Retail Group600 East 96th StreetSuite 590Indianapolis, IN 46240P: 317.844.0700C: [email protected]

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