92 Old Country RoadWestbury, New York

Exclusive Confidential Offering Memorandum

Sovereign Realty Group LLC is pleased to offer on an exclusive

basis this prime corner redevelopment site located at 92 Old

Country Road in Westbury. The property consists of a 3,746

square foot retail building, constructed in 1984. The building is

situated on .24 acres on the corner of Fulton Street. It is

currently occupied by Health Nuts Healthy Deli, whom will be

vacating. The building will be delivered vacant.

The property is located within walking distance of the 723,000

square foot Source Mall, formerly owned by Fortunoff. It was

recently sold to Lesso Group Holdings who is planning a $25M

renovation to the site. Lesso manufactures and sells home

building products and home décor items and are based in

China.

There are a long list of national tenants located within 1 mile of

this site. The 3.3M square foot Roosevelt Field Mall is located

approximately two miles away. The property has easy access to

the Meadowbrook Parkway as well as Old Country Road and

Hempstead Turnpike. Avalon Communities recently built a 3-

story apartment complex. Rental rates range from $2,800 per

month for a 1-bedroom to $4,000 per month for a 3-bedroom

apartment.

There are over 230,000 residents living within a 5-mile radius of

the site. It is an affluent community with average annual

household incomes of $108,000. Approximately 40,000 cars

pass the site daily.

INVESTMENT SUMMARY

Address: 92 Old Country Road Westbury, NY

Offering Price $1,700,000

Ownership: Fee Simple + Improvements

Township: Hempstead

Area Tenants: -Bed Bath & Beyond-TGI Fridays-The Home Depot-AMC Theatre-Chick fil-A-Target-Costco-Wal-Mart-Dave & Busters-P.F. Chang’s-The Cheesecake Factory-Best Buy-Shake Shack-Nordstrom Rack-Trader Joe’s-Walgreen’s Pharmacy

Highlights: -Located within walking distance to The Source Mall which under new ownership is undergoing a major renovation

PROPERTY OVERVIEW

Property Address: 92 Old Country RoadWestbury, NY

Intersection: Fulton Street

Gross Leasable Area: 3,746 SF

Lot Size: .24 Acres

Lot Frontage: 150’ on Old Country Road

Parking: 13 spaces

Year Built: 1984

Zoning: General Retail

Real Estate Taxes:General:School:Total:

$27,554.38$26,447.25$54,001.63

92 Old Country Road, Westbury, NY

Aerial Photos

92 Old Country Road, Westbury, NY

Aerial Photos

92 Old Country Road, Westbury, NY

Aerial Photos

92 Old Country Road, Westbury, NY

Aerial Photos

92 Old Country Road, Westbury, NY

Property Survey

Westbury, NYWestbury is a village in Nassau County, New York, United States. The population was 15,146 at the 2010 census. The Incorporated Village of Westbury is in the Town of North Hempstead. It is located about 18 miles (40 km) east of Manhattan.

HISTORY:

The first settlers arrived in 1658 in the region known as the Hempstead Plains. Many of the early settlers were Quakers. In 1657, Captain John Seaman purchased 12,000 acres (49 km2) from the Algonquian Tribe of the Massapequa Indians. In 1675 Henry Willis, also an English Quaker, named the area "Westbury", after Westbury, Wiltshire, his hometown in England.

The outbreak of the American Revolution disrupted Westbury's tranquility. From the beginning of the war until 1783, British soldiers and German-speaking mercenaries occupied local homes, confiscated livestock, and cleared the woods for firewood for the troops. With the close of the war, Westbury received its third group of settlers, the Hessians, mostly from Hesse-Cassel in the Holy Roman Empire, who chose not to return to their home country.

By 1837, the Long Island Rail Road had built through Westbury. In 1840, the first public school was built. The railroad made it easier for German, Italian, Irish and Polish immigrants to work Westbury's farms. The Village moved from its agricultural setting in the late 19th century when the very wealthy began to settle and build mansions. This area is now known as Old Westbury. Post Avenue soon became a commerce center to serve the surrounding estates.

In 1927, Charles Lindbergh took off from Roosevelt Field, a couple of hundred yards south of downtown, for the history-making flight to Paris, marking probably the most famous event tied to Westbury.

Long Island is an island located just off the northeast coast of the United States and a region within the U.S. state of New York. Stretching east-northeast from New York Harbor into the Atlantic Ocean. The island comprises four counties: Kings and Queens (which comprise the New York City boroughs of Brooklyn and Queens, respectively) to the west; then Nassau and Suffolk to the east.

It is the home of the Brookhaven National Laboratory in nuclear physics and Department of Energy research. Long Island is also home to the Cold Spring Harbor Laboratory, which was directed for 35 years by James D. Watson (who, along with Francis Crick and Rosalind Franklin, discovered the double helix structure of DNA).

Companies such as Sperry Rand, Computer Associates (headquartered in Islandia), Zebra Technologies (now occupying the former headquarters of Symbol Technologies, and a former Grumman plant in Holtsville), have made Long Island a center for the computer industry. Stony Brook University of the State University of New York and New York Institute of Technology conduct advanced medical and technological research.

Long Island is home to the East Coast’s largest industrial park, the Hauppauge Industrial Park. The park has over 1,300 companies employing more than 71,000 Long Islanders. Companies in the park and abroad are represented by the Hauppauge Industrial Association. As many as 20 percent of Long Islanders commute to New York City jobs.

Several colleges and universities within the State University of New York system are located on Long Island, such as Stony Brook (which noted its health sciences research and medical center), as well as Nassau Community College and Suffolk County Community College that serve their respective counties. Private institutions include the New York Institute of Technology, Hofstra University and Adelphi University (both located in the Town of Hempstead), as well as Long Island University (with its C.W. Post campus, located on a former Gold Coast estate in Brookville, and

Long Island, NY

Long Island, NY a satellite campus in downtown Brooklyn). Long Island also contains the Webb Institute, a small naval architecture college in Glen Cove. In addition, the island is home to the United States Merchant Marine Academy, a Federal Service Academy located in Kings Point, on the North Shore.

TRANSPORTATION Every major form of transportation serves Long Island, including John F. Kennedy International Airport, LaGuardia Airport, and Long Island MacArthur Airport, multiple smaller airports, railroads, the New York City Subway, and several major highways.

PUBLIC TRANSPORTATIONThere are five Long Island Rail Road (LIRR) train stations in the village. The stops on the LIRR Hempstead line are Stewart Manor, Nassau Boulevard, Garden City and Country Life Press. There are additional stops on the LIRR Main Line at Merillon Avenue and just over the Garden City border at New Hyde Park and Mineola. The Long Island Rail Road (LIRR) is the busiest commuter railroad system in North America, carrying an average of 282,400 passengers each weekday on 728 daily trains. The MTA implements mass transportation for the New York metropolitan area including all five boroughs of New York City, the suburban counties of Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk and Westchester, all of which together are the “Metropolitan Commuter Transportation District (MCTD)”.

ROADSThe Long Island Expressway, Northern State Parkway, and Southern State Parkway, all products of the automobile-centered planning of Robert Moses, are the island’s primary east-west high-speed controlled-access highways.

AIRAs a hub of commercial aviation, Long Island contains two of the New York City metropolitan area’s three busiest airports, JFK International Airport and LaGuardia Airport, in addition to Islip MacArthur Airport; as well as two major air traffic control radar facilities, the New York TRACON and the New York ARTCC.

Area Tenant Map

92 Old Country Road, Westbury, NY

Area Map

92 Old Country Road, Westbury, NY

RADIUS 1 Mile 3 Mile 5 Mile

Population:

2022 Projection 18,996 107,653 231,496

2017 Estimate 19,057 108,404 231,960

2010 Census 19,486 112,558 236,722

Growth 2017-2022 (0.37%) (0.69%) (0.20%)

Growth 2010-2017 (2.15%) (3.69%) (2.01%)

2017 Population By Race:

Caucasian 18,074 92,749 190,098

Black 314 9,931 29,970

Hispanic Origin 2,055 20,759 38,517

Am. Indian & Alaskan 46 581 1,072

Asian 373 3,080 6,604

Hawaiian & Pacific Island 2 66 152

Other 257 1,997 4,064

Households:

2022 Projection 6,758 36,940 77,118

2017 Estimate 6,783 37,223 77,328

2010 Census 6,933 38,760 79,187

Growth 2017-2022 (0.37%) (0.76%) (0.27%)

Growth 2010-2017 (2.61%) (3.97%) (2.35%)

Owner Occupied 5,195 26,606 60,418

Renter Occupied 1,558 10,617 16,909

2017 Average H.H. Income $101,557 $100,396 $108,765

2017 Median H.H. Income $89,956 $81,978 $89,488

2017 H.H. by Income

<$25,000 653 4,453 8,497

$25,000- $50,000 931 6,354 12,102

$50,000- $75,000 1,235 6,106 11,175

$75,000- $100,000 1,196 5,798 11,888

$100,000- $125,000 893 4,470 9,135

$125,000- $150,000 711 3,164 7,399

$150,000- $200,000 721 3,742 9,443

$200,000+ 442 3,056 7,688

Demographics

Cross StreetAverage Daily

VolumeTraffic Count

YearMiles ToProperty

Grand Street S 40,000 2017 .02

Traffic Counts

Clem CotéManaging Principal

516.340.9696Ext.1102

crc@srgcompanies.com

Andrew MendesAssociate

516.340.9696Ext. 1106

avm@srgcompanies.com

The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of review by theprospective purchaser it was issued to, and is not to be used for any other purpose or made available to any other person without thewritten consent of Seller or Sovereign Realty Group (SRG). The material is based in part upon information supplied by the Seller, andin part upon information obtained by SRG from sources it deems reasonably reliable. However, Sovereign Realty Group has not andwill not verify any of this information, and SRG makes no guarantee, warranty, or representation whatsoever about the accuracy, orcompleteness of any information provided. Summaries of any documents are not intended to be comprehensive or all-inclusive, butrather only outline some of the information contained therein, and establish only a preliminary level of interest in the subjectproperty. All Summaries and Marketing Packages are not a substitute for a prospective buyer’s thorough due diligence investigationof this investment opportunity. Any projections, opinions, assumptions, or estimates used in this Marketing Brochure are for examplepurposes only, and do not represent the current or future performance of this asset. SRG expressly denies any obligation to conduct adue diligence examination of this investment opportunity for any prospective buyer. Prospective purchasers should make theirprojections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence,including engineering and environmental inspections, to determine the condition of the Property and existence of any potentiallyhazardous material located at the Property site or used in the construction or maintenance of the building at the Property site.

Prospective purchasers are advised that as part of the solicitation process, seller will be evaluating a number of factors including thecurrent financial qualifications of the current purchaser. Seller expressly reserves the right in its sole and absolute discretion toevaluate the terms and conditions of any offer, and to reject any offer without providing a reason therefore. Further, seller reservesthe right to terminate the solicitation process at any time prior to final execution of the Purchase Agreement.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information providedherein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement,and shall be subject to the terms hereof. In no event shall a prospective purchaser have any other claims against Seller or SovereignRealty Group LLC or any of their affiliates, respective officers, directors, shareholders, owners, employees, or agents for any damages,costs, liability, or causes of action relating to this solicitation process or the marketing or sale of the property.

Prospective purchasers are not to construe the contents of this Offering Memorandum or any prior or subsequent communicationfrom SRG or Seller or their affiliates or any of their respective officers, directors, shareholders, owners, employees or agents as legal,tax or other advice. Prior to submitting an offer, prospective purchasers should consult with their own legal counsel and personal andtax advisors to determine the consequences of an investment in the Property, and arrive at an independent evaluation of suchinvestment.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT AN SRG REPRESENTATIVE FOR ADDITIONAL INFORMATION.