Seller Financing Available - To Be Negotiated

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a 100% occupied shopping center anchored by Big Lots (NYSE: BIG) and Family Dollar (NASDAQ: DTLR) , (the “Property”) in Jamestown, a city in western New York. The two anchors, Big Lots ($5.05/SF) and Family Dollar ($7.17/SF) are paying extremely low per square foot rents and is a reason why they've been at this center for ~25 years. Family Dollar has demonstrated their commitment to the location by just extending their lease another ten (10) years. The two outparcels, Tim Hortons (BB: S&P) and Community Bank (A-: Fitch), operate on low rent NNN ground leases, allowing for minimal landlord responsibility. Community Bank boasts a three-lane drive-thru parallel to Main St. and Tim Hortons boasts a drive-thru that runs parallel with Harrison St., allowing for quick and efficient service. In 2020 Community Bank rolled a second location within the zip code into this Main Street location.

Brooklyn Square Plaza benefits from high visibility, positioned at the signalized intersection of Main St. (9,700 VPD) and Harrison St. (10,300) and boasts three modes of ingress and egress, allowing for an organized flow of traffic to and from the property. Big Lots, ranks in the 88th percentile of Big Lots locations in the country and in the 84th percentile of Big Lots locations in New York, solidifying this location as a strong anchor to the shopping center, according to Placer.ai.