East Lake|Lot 5

5990 E Lake Parkway, McDonough, GA 30253

Broker Opinion of Value & Marketing Proposal

Presented To

Brad Oppenheimer

Halpern East Lake, LLC · Halpern Enterprises, Inc.

Matthews™ is pleased to submit an opinion of value for East Lake | Lot 5, a ±6,486 SF medical/retail strip center anchored by Starbucks, located on the north side of McDonough, GA.

Investment Highlights

A daily-needs strip center anchored by an investment-grade global brand.

Affluent Atlanta MSA Demographics

Average household incomes exceed $100,000 across all major trade areas with a population base of more than 79,000 residents within five miles.

Part of North McDonough Village

Situated within a ±20-acre mixed-use development featuring new residential, retail, restaurant, healthcare, and educational uses driving consumer traffic.

Daily-Needs Retail & Medical Tenancy

Anchored by Starbucks with a drive-thru; complementary service-oriented tenants providing recurring customer visits and durable demand drivers.

Top Public Schools in Henry County

Less than one mile from East Lake Elementary, Union Grove Middle, and Union Grove High — all ranked among the county's top schools.

Class A Construction

Completed in 2025 with attractive brick construction, modern design, and efficient suite sizes that appeal to a broad range of retail and service users.

Investment Grade Anchor Tenant

Starbucks operates ~40,000 locations across 80+ countries with an investment-grade bond rating of BBB+ (S&P) and Baa1 (Moody's).

Passive Lease Structure

Each tenant reimburses taxes, insurance, and CAM. Rent bumps scheduled in base term with renewal-option increases ranging from 10% to 15%.

Excellent Visibility & Site Characteristics

Approximately 1.41 acres with multiple access points, ample parking, elevated visibility, and strong frontage along East Lake Parkway.