117 CLINTON AVENUE HUNTSVILLE, ALABAMA

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1 117 CLINTON AVENUE HUNTSVILLE, ALABAMA

2 ABOUT THE DEVELOPMENT 117 Clinton Avenue is a beautiful historical building currently undergoing renovation in the heart of the Downtown Huntsville s retail and entertainment corridor and is situated directly across the street from abundant parking in the city deck and Downtown s newest retail development, The Garage at Clinton Row. This is a rare retail opportunity as the last redevloped property on Clinton Avenue.

3 THE LOCATION 117 Clinton Avenue Huntsville, AL , ABOUT THE DOWNTOWN HUNTSVILLE AREA 117 Clinton Avenue is located in downtown Huntsville s entertainment district, home to dozens of local restaurants, bars, designer loft apartments, historic neighborhoods, museums, theaters, sports arenas, art galleries, music venues and community events. The area has become a central hub for the Huntsville community to live, work and play, drawing thousands to the Downtown area each month. There are several new developments within one mile of 117 Clinton Avenue including: The Garage (an adaptive reuse development featuring over 8,000 SF of retail), City Centre (a mix-use development underway that includes a 235 room hotel, 10,000 SF of commercial space, 270 multi-family units and a 50,000 SF retail shopping center), Belk-Hudson Lofts (a luxury apartment building that recently completed 75 upscale loft apartments in the heart of Downtown Huntsville), and The Avenue (another mix-use development featuring over 20,000 SF of retail and 200 loft apartments). Learn more at downtownhuntsville.org

4 PROPERTY HIGHLIGHTS Centrally located in Downtown Huntsville and within walking distance to a variety of grocery, restaurant and shopping options. Near major downtown retailers: U.G. White Mercantile, Pints & Pixels Arcade Bar, The Garage At Clinton Row, The Clinton Row Project, and The Avenue. Building has convenient separate entrance to second floor space. Located adjacent to a city parking deck, giving the building unparalleled ease and convenience for downtown shopping access. First floor includes optional patio space for restaurants. Property has a Walkability Index Score of 76 (Very Walkable). This is the last undeveloped property along Clinton Row. Across the street from Honest Coffee Roasters, Kennedy & Rowe Clothing Co., Elitaire Boutique, Roosevelt & Co., and Frios Pops. DEMOGRAPHICS The Downtown Huntsville area has an average daytime business population of over 34,000 people and an average household income of over $90,000 within a.75 mile radius of the site, millennials making up the overwhelming majority ofthat population. *Bottom photo shows property as is before redevelopment.

5 MAP OF PROPERTY S LOCATION IN DOWNTOWN HUNTSVILLE

6 ZOOMED IN MAP OF PROPERTY

7 DOWNTOWN HUNTSVILLE HIGHLIGHTS VON BRAUN CENTER The Von Braun Center is a multipurpose facility with the primary objective of facilitating and promoting events and activities in addition to generating economic benefit and improving the quality of life for the Huntsville community and surrounding areas. HUNTSVILLE MUSEUM OF ART The Huntsville Museum of Art moved to its beautiful facility in Big Spring International Park in March The nationally-accredited Museum has filled its galleries with a variety of exhibitions throughout the years, including traveling exhibits and the work of nationally and regionally acclaimed artists. An estimated 150,000 people visit the museum and attend its events each year. THE GARAGE AT CLINTON ROW Located in the heart of Downtown Huntsville, Clinton Row is a brand new redevelopment project with a focus on highlighting local and regional boutiques and eateries. It includes three specialty boutiques, a craft coffee shop, and frozen popsicle shop. THE AVENUE The Avenue is an upscale, mixed-use development in Downtown Huntsville featuring 21,000 square feet of street-level retail space in addition to 197 loft style apartments. Several retail spaces bring additional life and traffic to this live. work.play. urban living facility. BIG SPRING PARK Big Spring International Park lured settlers to Huntsville over 200 years ago, and the city has celebrated it ever since - growing up around this green space and preserving it for its citizens. The park plays host to numerous events, including Panoply Arts Festival, Concerts in the Park and any more. Children will love the famously friendly ducks, geese and koi that call the Big Spring home. COURTHOUSE SQUARE Downtown is also the financial and legal hub of Huntsville and Madison County. The Madison County courthouse is located on the Courthouse Square and serves as the anchor for the numerous law firms located in Downtown. Nearly every major bank in Huntsville has its headquarters Downtown. Favorites at the Square include Harrison Brother s Hardware, Commerce Kitchen, Cotton Row, and Sam & Greg s Pizza.

8 DOWNTOWN RETAIL STATISTICS THE RETAIL STUDY - Robert Charles Lesser & Co. Real Estate Advisors There are approximately 556,000 square feet (SF) of retail space in the Downtown Huntsville CBD. The vacancy rate in the CBD is 4.7%, which is below the MSA average of 6.1%. The majority of the CBD s retail spaces are older and small, with most built before the 1970s and smaller than 10,000 SF. Total spending each customer segment supports an additional 275, ,000 SF of retail over the next five years. 215,000 to 265,000 SF of new retail would be realized based on re-capturing existing retail leakage, plus an additional 60,000 of new demand from household and employment growth. Even with the delivery of all of the retail projects in the pipeline, about 70,000 SF under construction and an additional 63,000 SF proposed, there will still be structural demand for retail downtown. In addition to restaurants, more fashion and services is imminently supportable. In 2016, the Von Braun Center had more than 800,000 visitors to its shows and exhibitions. TOURISM - Huntsville/Madison County Convention & Visitors Bureau Every household in Huntsville/Madison County saves more than $650 in taxes as a result of travel expenditures. The 2016 economic impact of travel was $1.9 billion in Madison County alone. An estimated number of 3,071,984 visitors came to Madison County in MULTI-FAMILY HOUSING - ValueTech Realty Services Downtown Huntsville is well-positioned to be a vibrant urban center, but it is at a critical cross road in its housing development process. Momentum has commenced in transforming the downtown into a walkable live/work/entertain environment. Downtown Huntsville needs an additional 500 to 600 apartments by 2020 or it may miss a critical opportunity to achieve the live/work/play environment it desires. THE PROJECTED GROWTH - U.S. Census Bureau The Rocket City added more residents than any other city in Alabama from 2015 to That s an increase of 2,136 residents, or nearly 6 more people a day, over the most recent year. Huntsville, according to the new figures, is home to 193,079 people - trailing only Birmingham (212,157) and Montgomery (200,022).

9 2017 DOWNTOWN RETAIL STUDY - RCL, CO.

10 ZOOMED THE GREATER IN MAP HUNTSVILLE OF PROPERTY TRADE AREA HUNTSVILLE, ALABAMA For more than 200 years, beautiful Huntsville, Alabama, nestled in the foothills of the Appalachian Mountains has attracted tourists, transfers, retirees and young professionals seeking opportunities of big city with small town hospitality. Home to NASA s Marshall Space Flight Center, state-of-the-art medical facilities and the second largest research park in the United States, Huntsville has been nicknamed The Rocket City. DEMOGRAPHICS Average household income: $77,690 (15 mile radius) Population: 353,037 (15 mile radius) Households: 141,901 (15 mile radius) 4th highest average salary of any MSA in the Southeast Highest concentration of engineering degrees in the Nation MSA = Limestone & Madison Counties COLLEGE & UNIVERSITIES Home to the University of Alabama in Huntsville, Alabama A&M University & Calhoun Community College, Huntsville has a student population of over 18,000 students. BUSINESS & INDUSTRY Huntsville is one of the Top 30 fastest growing major metro s in the country (US Census,March 2014) Huntsville is among the top 10 Most promising U.S. Tech Hubs to watch in 2014 (Techie.com, January 2014) Huntsville named one of the Best Places to Live (Livability, October 2013) Huntsville 4th for Growth Potential (Business Facilities, August 2013) CNN Money ranks Madison County No. 7 in the country of a great place to live and find a job (August 2013) Huntsville named one of Forbes Top 20 Leading Metros for Business (Forbes, July 2011) REDSTONE ARSENAL Redstone Arsenal and NASA have over 7 million SF of office and research facility with 32,000 daytime employees and a budget of over $100 billion. Agencies include: U.S. Army Materiel Command, Aviation & Missile Command and Space & Missile Defense Command as well as NASA Marshall Space Flight Center. Through BRAC (Base Realignment and Closure) over 5,000 new jobs have moved to Huntsville. CUMMINGS RESEARCH PARK Encompassing 3,843 acres housing over 285 companies and more than 25,000 employees and a payroll of over $1.4 billion per year, Cummings Research Park (CRP) is the 2nd largest research park in the U.S. and the 4th largest in the world.

11 FOUNTAIN ROW SUITE 1100, HUNTSVILLE AL BROKER: Anusha Alapati