2400 Lexington Road Athens, GA 30605

CONFIDENTIALITY AGREEMENT

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Atlas Real Estate Advisors it should not be made available to any other person or entity without the written consent of Atlas Real Estate Advisors. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that the recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return to Atlas Real Estate Advisors.

This offering memorandum has been prepared to provide a summary, unverified financial and physical 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. Atlas Real Estate Advisors 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 improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business or Intentions to continue its occupancy of the subject property or tenants' plans.

The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Atlas Real Estate Advisors has not verified, and will not verify, any of the information contained herein, nor has Atlas Real Estate Advisors conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for the costs and expenses of investigating the subject property.

UNIT SIZE 2,500 SF-8,000 SF

Features:

Ingress/Egress:

Right or Left in and out via the new signaled intersection at Lexington Road. Right or Left in and Right out via secondary entrance on Lexington Road.

Parking:

34 spaces will be completed by developer.

Utilities:

Water: a public 16" water main runs along Lexington adjacent to site and will be tapped for the service.

Sewer: a public sewer main with a manhole is located at the center of the site and will accommodate grease traps if needed.

Power: Georgia power is providing underground power and the transformer will be set based on commercial needs.

Data: AT&T data is accessible at the terminating cabinet in conjunction with Georgia Power.

Gas: Atlanta Gas has a 4" main along the north side of Lexington Road.

Stormwater: Stormwater management was anticipated and drainage pipes connecting to the facilities are provided on the commercial tract.

Infrastructure

Sidewalks along Lexington Rd and the parking area. One acre Community Greenspace and Community Garden.

Enhanced bus stop on Lexington Road.

Perimeter landscaping outside retail boundaries.

EXECUTIVE SUMMARY

Plans on file are for two freestanding buildings situated on a .53 acre outparcel with 141' of frontage on Lexington Road and two points of direct access from Lexington Road-a newly signaled four-way intersection as well as right/left in and right out access further down the road and allocated parking.

This retail component was designed to be a vital component of Atlas Athens, a 41-acre mixed-use development that features a combination of apartments and cottages, and amenities including a pool, basketball court, fitness center, nature trail, and an outdoor terrace. Frontage along Lexington Rd., the breezeway between the buildings, and the proximity to the greenspace & gardens were all designed to encourage further activation of this prime retail location.

The approved plans for the retail development allow for two separate buildings connected by a breezeway. Two points of entry to the development are provided via new signalized intersection as well as a new secondary left- and right-in/right-out access. The development is zoned RM-1 with the outparcel designated C-G. There is approximately 141' of frontage along Lexington Road, an area that sees an estimated 27,000 cars per day*.

Allocated Parking

New turn lane/right-in/right out

Enhanced Bus Stop New

Signaled

Intersection

Community Garden

Community

AREA HIGHLIGHTS

Residential and commercial development that was once confined to a small radius around campus, has been expanding beyond the borders of what was previously considered 'downtown' for several years. Currently, the Athens MSA is home to nearly 485,000 residents within a 45-minute drive of downtown The population has increased by 10% over the last ten years and has prompted the need for additional housing and retail/services in East Athens. Athens has also received many accolades over the years including most recently:

"12 Best Places to Travel in October 2022," Travel + Leisure, August 22, 2022

"South's Best College Town", Southern Living, March 8, 2022

"Best Cities in the US for Craft Beers and Brews" (Athens is #15), Fodors.com, November 2021

"The Coolest College Towns in America," The Discoverer, April 2021

"South's Best College Town," Southern Living, March 2020

EAST ATHENS

The opening of the UGA College of Veterinary Medicine in 2015 brought a renewed interest in the 'East Side'. It employs close to 200 faculty, 450 students, various residents & interns, and regular staff in the area, and prompted many locals to relocate to the communities that surround the new facility.

The rise in home prices and rental rates in the downtown area has also contributed to the popularity of East Athens. Many locals are leaving the downtown area creating the need for additional services, restaurants, and retail options. This in turn has opened up opportunities for businesses looking to expand or increase their presence in the Athens market. Many companies are already starting to take advantage of the renewed interest in Lexington Rd.

Whataburger, a Texas-based burger chain is currently under construction at 3321 Lexington Rd.-their first Athens area location, and a new QuikTrip gas station has just broken ground at 3270 Lexington Road.

2400 Lexington Road is located along Hwy 78 in East Athens-2.4 miles from downtown and the UGA main campus. Lexington Road travels east through Athens as Hwy 78 Business and on to Atlanta and will carry drivers to I-20 and Augusta traveling west. The entrance to the Athens Perimeter/Route 10 is located 1.2 miles away and provides access to Hwy 441, Route 10, and Route 29.

Nearby retailers include national brands such as Walmart, Lowes, Walgreens, CVS, Chick Fil A, Aldi, Kroger, Zaxby's, and McDonald's, and local favorites like DePalma's, Blind Pig, Locos, Mama's Boy, and the new B&B Theater.

LOCAL VIEW

2400 Lexington Road is located along Hwy 78 in East Athens-2.4 miles from downtown and the main campus of UGA. The entrance to the Athens Perimeter/Route 10 is located 1.2 miles away and provides access to Hwy 441, Route 10 and Route 29.

Athens Ben Epps Airport

Entrance to Athens Perimeter

East Athens Marketplace

Gaines School Road

Lexington Rd Barnett Shoals Road College Station Rd.

Cedar Shoals Dr.

To Downtown Athens East Athens

To Winterville

To Watkinsville

AREA VIEW

From East to West, Hwy 78 runs through Athens and as Lexington Road is a widely traveled route for both commercial and residential traffic. For approximately 10.3 miles, Hwy 78 carries the Business designation from the National Highway Association. Hwy 78 is considered a main commercial roadway in Athens and is home to the Georgia Square Mall, as well as a multitude of big box stores. Countless residential communities have been built off of Hwy 78 and the secondary roadways that extend from it.

REGIONAL VIEW

Lexington Road travels West through Athens as Hwy 78 Business and on to Atlanta. Traveling East on Hwy 78 will bring drivers to I20 toward Augusta, GA . Utilizing Hwy 78 drivers can easily pick up any number of secondary routes and make their way to Commerce, Gainesville, Anderson, Madison & Eatonton and beyond.

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ATHENS METRO DEMOGRAPHICS

Population: 210,810

Households: 80,156

Median Age: 32.5

Average Median Income: $82,300*

TAPESTRY SEGMENTS

Tapestry Segments provide valuable data regarding population shifts, consumer markets, and consumer behavior.

Within a 5 mile radius of 2400 Lexington Road there are three predominant Tapestry Segments, each with a unique set of traits and behaviors.

Young and Restless College Towns Down the Road

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*Fannie Mae

AREA BUSINESS SUMMARY

Looking at Lexington Rd. one can see that there are numerous entry points for new or expanding businesses. Gaps have been identified in almost every major retail area-from apparel, health & personal care services, sporting goods & hobbies, to food/beverage and electronics. In short, Lexington Road is full of opportunity.

2022 Businesses by NAICS Code-1 mile of Lexington Rd

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TRAFFIC DATA

The recent shift in population has brought about a number of residential and commercial developments along Lexington Rd. Some have been started, and several more are awaiting County approval.

In addition, the ACC government has plans to improve sidewalks along Lexington Road to increase pedestrian use and safety.

GDOT is currently widening the intersection of Hwy 78/Loop 10, and adding additional on/off ramps and sidewalks to that area.

The area around 2400 Lexington Rd. sees an average of 26,000 cars per day, a number that climbs to over 30,000 as you near the entrance to the Loop/Athens Perimeter.

Entrance to Athens Perimeter

Atlas Real Estate Advisors is one of the most successful independent commercial real estate firms in the Athens area. From traditional brokerage, and fee-based consulting & advising to facility and property management-we offer a broad range of services that can be tailored to the individual client's needs.

Each member of Atlas holds numerous certifications above and beyond those required, and Atlas is currently licensed in ten states allowing us to better serve our clients no matter where they are.

Together our team shares over 75 years of combined experience in every product class and has worked with private, public, and institutional clients locally, regionally, nationally, and even abroad.

Our goal: To maximize the value of your investments beyond what was thought achievable.