Executive Summary

Edgewood Square North Augusta, SC

Investment Features Acting as the exclusive agent for the owner Blanchard & Calhoun Commercial is offering Edgewood Square under the following terms.

Property 101 Edgewood Drive North Augusta, SC 29841

Acreage 22.4 acres

Square Footage 228,204 SF

Occupancy 75.47%

Major Tenants Bi-Lo, Gold’s Gym, Shoe Show, Roses, It’s Fashion

Year Built 1988

Debt Property is being offered free and clear of debt

NOI $690,531.41

Pro Forma NOI $850,810 (*not including potential income from Sale/ Lease of Outparcel)

Cap Rate --

Asking Price Unpriced

Investment Features Acting as the exclusive agent for the owner Blanchard & Calhoun Commercial is offering Edgewood Square under the following terms.

Property

101 Edgewood Drive North Augusta, SC 29841

Acreage 22.4 acres

Square Footage 228,204 SF

Occupancy 75.47%

Major Tenants Bi-Lo, Gold’s Gym, Shoe Show, Roses, It’s Fashion

Year Built 1991

Debt Property is being offered free and clear of debt

NOI $690,531.41

Cap Rate --

Asking Price Unpriced

Executive Summary

Edgewood Square North Augusta, SC

Edgewood Square

Edgewood Square North Augusta, SC

Executive Summary

Edgewood Square Highlights Edgewood Square is located in North Augusta, SC. North Augusta is part of the Augusta, GA metropolitan area centrally located within Central Savannah River Area (CSRA). The market and the site are well positioned to capitalize on the future growth that continues to make its way up Edgefield Rd. Edgewood Square is a 228,204 square foot shopping center that is anchored by Bi-Lo. Bi-Lo has been an anchor Tenant in the property for 25 years and recently renewed their Lease. The subject property has 795’ of frontage to Edgefield Road, one of the primary corridors in the North Augusta market. Traffic Counts on Edgefield Road in front of the property total 28,100 cars daily, the highest measured traffic count in the entire North Augusta market. Area grocers and big box retailers include but are not limited to Publix, Kroger, Belk, Wal-Mart, Lowes, K-Mart and Bi-Lo. Gold’s Gym is one of two Co-Anchors in the shopping center, they are the largest and most prominent gym operator in the Augusta MSA. Their Edgewood Square location is one of 4 locations operated in the market. The 52,964 SF of vacant big box space in the center presents an investor great opportunity for future upside in income. Additional upside can be realized through either the development, lease or sale of the 1.5 acre (approx) outparcel located within the oversized parking field. The average to below average rental rates in comparison to the market present both stability and upside to an investor. Edgewood Square has five points of ingress/ egress along with a service entrance accessing the property. A traffic light is located at the intersection of Edgefield Road and Edgewood Drive.

Executive Summary

Edgewood Square North Augusta, SC

Executive Summary

Edgewood Square North Augusta, SC

Edgewood Square North Augusta, SC

Executive Summary

Confidentiality Agreement

THIS IS A CONFIDENTIAL MEMORANDUM intended solely for the limited use in

considering whether to pursue negotiations to acquire Edgewood Square (the “Property”) located

in North Augusta, SC and is not intended to be an offer for the sale of the Property.

This confidential memorandum, which contains brief, selected information pertaining to the

business and affairs of the Property, has been prepared by Blanchard & Calhoun Commercial

(“BCC”). This confidential memorandum does not purport to be all-inclusive or to contain all the

information which a prospective purchaser may desire. Neither Seller nor BCC nor any of their

officers, employees or agents make any representation of warranty, expressed or implied, as to

the accuracy or completeness of this confidential memorandum or any of its contents and no legal

liability is assumed or shall be implied with respect thereto.

By receipt of this confidential memorandum, it is agreed that the memorandum and its contents

are confidential, that they will be held and treated it in the strictest of confidence, that the

Recipient will not, directly or indirectly, disclose or permit anyone else to disclose this

memorandum or its contents to any other person, firm or entity without prior written

authorization of the Seller, and that the Recipient will not use or permit to be used this

memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

Photocopying or other duplication is strictly prohibited.

THE SELLER EXPRESSELY RESERVES THE RIGHT AT ITS SOLE DISCRETION

TO REJECT ANY OR ALL PROPOSALS OR EXPRESSIONS OF INTEREST IN THE

PROPERTY AND TO TERMINATE DISCUSSIONS WITH ANY PARTY AT ANY TIME

WITH OR WITHOUT NOTICE.

If the Recipient does not wish to pursue negotiations leading to this acquisition, or if in the future

the Recipient discontinues such negotiations, Recipient agrees to return this confidential

memorandum to BCC.

THIS CONFIDENTIAL MEMORANDUM SHALL NOT BE DEEMED A

REPRESENTATION OF THE STATE OF AFFAIRS OF THE PROPERTY OR

CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE

BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OF PREPARATION

OF THIS MEMORANDUM.

BCC (BROKER) MAKES THE DISCLOSURE THAT ITS ROLE IS EXCLUSIVELY

REPRESENTING THE SELLER, NOT THE BUYER AND AS SUCH, BROKERS MUST

WORK TO OBTAIN FOR SELLER THE BEST PRICE AND TERMS AVAILABLE.

THIS PROPERTY IS BEING SOLD AS AN “AS IS, WHERE IS” SALE.

RECIPIENT

Signature of Individual: Corporation:______________________

__________________________________ Street:___________________________

Print Name: ________________________ City:____________________________

State:__________ Zip Code:_________

Title: _____________________________