Retail Investment

Opportunity C O N TA C T:

Chris Nachtrab
chris.nachtrab@everestrealestate.com
513/769-2509

John Thompson
john.thompson@everestrealestate.com
513/769-2514

Ivy Hills Retail Center

7397 Main Street
Newtown, OH 45244

EVEREST
Office Industrial Retail Investment

9912 Carver Road, Suite 100 Cincinnati, OH 45242 TEL: 513-769-2500 www.everestrealestate.com
TABLE OF CONTENTS

Section 1 ................................................ Investment Summary & Overview

Section 2................................................ Pricing and Financial Analysis
- Financial Summary
- Income
- Expenses

Section 3................................................ Property Description

- Property Photos
- Site Plan
- Aerial Photos

Section 4 ................................................ Demographics Profiles

- Trade Area Map
- Demographics
Investment & Expenses
Ivy Hills Retail Center

Inco me A nnua l P SF

Schedul e Rent 1* $ 220, 296 $ 11. 11

Expense Recapture *2

Real Estate Taxes $ 35, 185 $ 1. 77

Insurance $ 3, 668 $ 0. 18

CAM $ 19, 160 $ 0. 97

Total Expense Recapture $ 58, 013 $ 2. 93

Gross Potenti al Income $ 278, 309 $ 14. 02

*1 Based on projected 2010 income

Expenses Annual PSF

Real Estate Taxes $37,819 $1.91

Insurance $3,943 $0.20

CAM $20,592 $1.04

Total Expense $62,354 $3.14

Net Operating Income (NOI)* $215,955 $10.35

9% CAP Rate Return - Price $2,399,500

Chris Nachtrab John Thompson

chris.nachtrab@everestrealestate.com john.thompson@everestrealestate.com
Successful Real Estate Solutions!
513/769-2509 513/769-2514
 Retail Shopping Center Investment
For Sale Cincinnati, OH

F E AT U R E S
PRICE REDUCED! z 19,829 Total SF on 4 Acres
z 100% occupied
z Great neighborhood center
z Very stable existing tenants
z Excellent tenant mix
z High income growing neighborhood
z Strong Demographics
z Includes 1/3 acre for future development
z Solid 9% CAP Rate Return
z Sale price: $2,399,500

LOCATION
Ivy Hills Retail Center
7397 Main Street
Newtown, Ohio 45244
The Ivy Hills Retail Center provides the opportunity to own a stable neighborhood shop-
ping center with an above market return. The excellent tenant mix and lack of competition
makes for a secure investment. The below market rents and available outlot allow for
future increased returns.
C O N TAC T
John Thompson
This is terrific property that will compliment any investors portfolio.
john.thompson@everestrealestate.com
513/769-2514

Chris Nachtrab
Demographics: 1-Mile 3-Mile 5-Mile
Total Population: 2,653 41,815 140,402 chris.nachtrab@everestrealestate.com
Total Households: 1,018 16,612 59,582 513/769-2509
Avg. HH Income: $163,007 $109,273 $95,356

Traffic Counts:
State Route 32 West of Round Bottom Road = 22,050 ADT 2002
State Route 32 East of Little Dry Run Road = 20,250 ADT 2002

The information submitted is not guaranteed. Although obtained from reliable sources, it is subject to errors, omissions, prior sale and withdrawal from the market without notice.
 Executive Summary
Prepared By: The Everest Group/TCN Worldwide

7397 Main St 7397 Main St 7397 Main St

Cincinnati, OH 45244 Cincinnati, OH 45244 Cincinnati, OH 45244
Site Type: Radius Radius: 1.0 mile Radius: 3.0 mile Radius: 5.0 mile

2008 Population
Total Population 2,653 41,815 140,402
Male Population 49.2% 48.1% 47.6%
Female Population 50.8% 51.9% 52.4%
Median Age 40.8 39.0 39.2

2008 Income
Median HH Income $98,935 $74,118 $66,090
Per Capita Income $58,048 $43,369 $40,598
Average HH Income $163,007 $109,273 $95,356

2008 Households
Total Households 1,018 16,612 59,582
Average Household Size 2.61 2.51 2.33
1990-2000 Annual Rate 3.25% 1.25% 0.88%

2008 Housing
Owner Occupied Housing Units 78.3% 70.3% 64.5%
Renter Occupied Housing Units 14.3% 23.4% 28.3%
Vacant Housing Units 7.5% 6.3% 7.2%

Population
1990 Population 1,964 38,209 135,850
2000 Population 2,534 41,773 140,973
2008 Population 2,653 41,815 140,402
2013 Population 2,631 41,752 140,459
1990-2000 Annual Rate 2.58% 0.9% 0.37%
2000-2008 Annual Rate 0.56% 0.01% -0.05%
2008-2013 Annual Rate -0.17% -0.03% 0.01%

In the identified market area, the current year population is 140,402. In 2000, the Census count in the market area was 140,973. The rate of
change since 2000 was -0.05 percent annually. The five-year projection for the population in the market area is 140,459, representing a
change of 0.01 percent annually from 2008 to 2013. Currently, the population is 47.6 percent male and 52.4 percent female.

Households
1990 Households 690 14,400 53,834
2000 Households 950 16,303 58,756
2008 Households 1,018 16,612 59,582
2013 Households 1,018 16,715 60,042
1990-2000 Annual Rate 3.25% 1.25% 0.88%
2000-2008 Annual Rate 0.84% 0.23% 0.17%
2008-2013 Annual Rate 0% 0.12% 0.15%

The household count in this market area has changed from 58,756 in 2000 to 59,582 in the current year, a change of 0.17 percent annually.
The five-year projection of households is 60,042, a change of 0.15 percent annually from the current year total. Average household size is
currently 2.33, compared to 2.38 in the year 2000. The number of families in the current year is 36,633 in the market area.

Housing

Currently, 64.5 percent of the 64,180 housing units in the market area are owner occupied; 28.3 percent, renter occupied; and 7.2 percent are
vacant. In 2000, there were 61,630 housing units— 65.7 percent owner occupied, 29.6 percent renter occupied and 4.7 percent vacant. The
rate of change in housing units since 2000 is 0.49 percent. Median home value in the market area is $164,801, compared to a median home
value of $192,285 for the U.S. In five years, median home value is projected to change by 0.78 percent annually to $171,351. From 2000 to
the current year, median home value changed by 2.18 percent annually.

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2008 and 2013. ESRI converted 1990 Census data into 2000 geography.

©2008 ESRI On-demand reports and maps from Business Analyst Online. Order at www.esri.com/bao or call 800-292-2224 4/02/2009 Page 1 of 2
 Executive Summary
Prepared By: The Everest Group/TCN Worldwide

7397 Main St 7397 Main St 7397 Main St

Cincinnati, OH 45244 Cincinnati, OH 45244 Cincinnati, OH 45244
Site Type: Radius Radius: 1.0 mile Radius: 3.0 mile Radius: 5.0 mile
Median Household Income
1990 Median HH Income $47,143 $40,070 $36,520
2000 Median HH Income $70,378 $55,973 $51,783
2008 Median HH Income $98,935 $74,118 $66,090
2013 Median HH Income $115,813 $80,882 $74,412
1990-2000 Annual Rate 4.09% 3.4% 3.55%
2000-2008 Annual Rate 4.21% 3.46% 3%
2008-2013 Annual Rate 3.2% 1.76% 2.4%

Per Capita Income

1990 Per Capita Income $18,848 $20,093 $19,888
2000 Per Capita Income $39,690 $32,120 $31,086
2008 Per Capita Income $58,048 $43,369 $40,598
2013 Per Capita Income $76,324 $53,895 $48,900
1990-2000 Annual Rate 7.73% 4.8% 4.57%
2000-2008 Annual Rate 4.72% 3.71% 3.29%
2008-2013 Annual Rate 5.63% 4.44% 3.79%

Average Household Income

1990 Average Household Income $58,172 $53,614 $50,189
2000 Average Household Income $114,557 $82,309 $74,046
2008 Average HH Income $163,007 $109,273 $95,356
2013 Average HH Income $212,699 $134,788 $114,036
1990-2000 Annual Rate 7.01% 4.38% 3.97%
2000-2008 Annual Rate 4.37% 3.49% 3.11%
2008-2013 Annual Rate 5.47% 4.29% 3.64%

Households by Income
Current median household income is $66,090 in the market area, compared to $53,154 for all U.S. households. Median household income is
projected to be $74,412 in five years. In 2000, median household income was $51,783, compared to $36,520 in 1990.

Current average household income is $95,356 in this market area, compared to $73,126 for all U.S. households. Average household income
is projected to be $114,036 in five years. In 2000, average household income was $74,046, compared to $50,189 in 1990.

Current per capita income is $40,598 in the market area, compared to the U.S. per capita income of $27,916. The per capita income is
projected to be $48,900 in five years. In 2000, the per capita income was $31,086, compared to $19,888 in 1990.

Population by Employment

Total Businesses 220 1,845 7,198

Total Employees 3,612 22,545 84,108

Currently, 95.6 percent of the civilian labor force in the identified market area is employed and 4.4 percent are unemployed. In comparison,
93.4 percent of the U.S. civilian labor force is employed, and 6.6 percent are unemployed. In five years the rate of employment in the market
area will be 95.8 percent of the civilian labor force, and unemployment will be 4.2 percent. The percentage of the U.S. civilian labor force that
will be employed in five years is 93.9 percent, and 6.1 percent will be unemployed. In 2000, 68.3 percent of the population aged 16 years or
older in the market area participated in the labor force, and 0.0 percent were in the Armed Forces.

In the current year, the occupational distribution of the employed population is:

• 73.2 percent in white collar jobs (compared to 60.2 percent of U.S. employment)
• 13.3 percent in service jobs (compared to 16.5 percent of U.S. employment)
• 13.5 percent in blue collar jobs (compared to 23.3 percent of U.S. employment)

In 2000, 82.8 percent of the market area population drove alone to work, and 3.8 percent worked at home. The average travel time to work in
2000 was 22.9 minutes in the market area, compared to the U.S. average of 25.5 minutes.

Population by Education

In 2008, the educational attainment of the population aged 25 years or older in the market area was distributed as follows:

• 9.3 percent had not earned a high school diploma (16.4 percent in the U.S.)
• 21.6 percent were high school graduates only (29.6 percent in the U.S.)
• 7.0 percent had completed an Associate degree (7.2 percent in the U.S.)
• 27.3 percent had a Bachelor’s degree (17.0 percent in the U.S.)
• 16.8 percent had earned a Master’s/Professional/Doctorate Degree (9.7 percent in the U.S.)

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2008 and 2013. ESRI converted 1990 Census data into 2000 geography.

©2008 ESRI On-demand reports and maps from Business Analyst Online. Order at www.esri.com/bao or call 800-292-2224 4/02/2009 Page 2 of 2