L O C AT I O N 167 Junction Drive | Ashland, Virginia 23005

P RO P E RT Y H I G H L I G H T S

• 141,701 square feet with land available

• Anchored by Food Lion, Rose’s and CVS

• 10-mile trade area includes Hanover County and parts of three adjacent counties

• Population exceeds 157,000 in 10 mile radius

• Easy access to I-95, U.S. 1 and S.R. 54; both entrances signalized

P H I L L I P S E D I S O N & C O M P A N Y

A S H L A N D J U N C T I O N ASHLAND, VIRGINIA

S I Z E 141,701 square feet

M A J O R T E N A N T S Food LionRose’sCVS

L E A S I N G C O N TAC T

Mark Porter, DMP Phillips Edison & Company250 North Trade Street Suite 300, Box #2Matthews, NC 281055

Office (513) 746-2621 Mobile (803) 338-6004

mporter@phillipsedison.com

M O R E I N F O www.phillipsedison.com

JUNCTION DRIVE

U.S

. RO

UT

E 1

O-23.8 ACRES

AVAILABLE

167

165161

157

155

145

144

143141

135

133123

121119117

114

109

107103 101

9/26/2012

123B

11/26/2013

pecopublish154

18,8

39 A

AD

T

OWNEDBY OTHERS

ASHLAND JUNCTION 167 JUNCTION DR | ASHLAND, VA 23005

101 Rose's Stores 54,000103 Primetime 3,200107 LC Haircuts 1,600109 Evelyn's Place

(Temp)2,800

114 El AposentoAlto Church

2,400

117 Nationwide Insurance 1,200119 Pla-Mor Pools 1,200121 AVAILABLE 1,200123 TSI Embroidery 3,510123B AVAILABLE 3,000133 CVS 8,255135 Food Lion 36,254141 Maria Beauty

Salon & Barbershop1,600

143 Ash Tobacco 1,600144 AVAILABLE 2,400145 Tienba Maya 2,400154 Mines Hair Design 1,200155 AVAILABLE 3,482157 Beauty Town II 2,400161 Laundry Junction 2,400165 Sky Nails 1,200167 Sherwin Williams 4,400

TOTAL SQ. FT. 141,701

SITE LEGEND

Available

Occupied

Leased (not occupied)

Owned by Others

SPACE TENANT SQ. FT.

A S H L A N D J U N C T I O N 167 Junction Drive | Ashland, Virginia 23005

PHILLIPS EDISON & COMPANY

ASHLAND JUNCTION SHOPPING CENTER 167 Junction Drive | Ashland, VA 23005

PHILLIPS EDISON & COMPANY

5/6/2013

Ashland

1

95

Logos are for identification purposes only and may be tradem

arks of their respective companies.

A S H L A N D J U N C T I O N 167 Junction Drive | Ashland, Virginia 23005

PHILLIPS EDISON & COMPANY

This map was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. 2009 Sites USA Inc., Chandler, AZ (480) 491-1112. All Rights Reserved.

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Demographic Summary Report1990 - 2000 Census, 2013 Estimates & 2018 ProjectionsCalculated using TAS Retrieval Retrieval

Latitude: 37.755659 Longitude: -77.467836Mar 25, 2014

1.00 Mile Radius 3.00 Mile Radius 5.00 Mile Radius10.00 Mile

Radius

Ashland Junction Shopping Center

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1.00 Mile Radius 3.00 Mile Radius 5.00 Mile Radius10.00 Mile

Radius

Ashland Junction Shopping Center

Ashland , VA

Q4 2013 Estimated Population 5,153 10,205 21,531 159,690

2018 Projected Population 5,334 10,659 22,864 172,201

2010 Census Population 5,095 9,995 20,809 155,314

2000 Census Population 4,721 9,372 18,169 124,417

1990 Census Population 4,384 8,227 13,890 90,658

Historical Annual Growth 1990 to 2000 0.74% 1.31% 2.72% 3.22%

Historical Annual Growth 2000 to 2010 0.77% 0.65% 1.37% 2.24%

Estimated Annual Growth 2010 to2013 0.30% 0.56% 0.91% 0.74%

Projected Annual Growth 2013 to 2018 0.69% 0.87% 1.21% 1.52%

Median Age 31.4 37.7 40.9 38.8

Q4 2013 Estimated Households 1,868 3,783 8,008 62,070

2018 Projected Households 1,947 3,973 8,537 66,988

2010 Census Households 1,843 3,700 7,722 60,338

2000 Census Households 1,647 3,251 6,464 49,198

1990 Census Households 1,541 2,888 5,003 35,699

Historical Annual Growth 1990 to 2000 0.66% 1.19% 2.60% 3.26%

Historical Annual Growth 2000 to 2013 1.13% 1.30% 1.79% 2.06%

Estimated Annual Growth 2000 to 2013 0.35% 0.59% 0.97% 0.76%

Projected Annual Growth 2013 to 2018 0.83% 0.98% 1.29% 1.54%

Population per Household 2.32 2.38 2.54 2.52

White 66.4% 73.7% 79.2% 66.7%

Black or African American 23.9% 18.7% 13.9% 18.5%

Asian & Pacific Islander 1.2% 1.1% 1.8% 7.6%

Other Races 3.2% 2.7% 2.2% 2.4%

Hispanic Population 5.4% 3.8% 2.9% 4.7%

Average Household Income $63,228 $71,971 $88,761 $89,654

Median Household Income $45,655 $54,583 $71,723 $70,261

Per Capita Income $24,625 $28,234 $33,766 $35,271

Elementary 5.6% 4.6% 3.3% 3.5%

Some High School 11.2% 9.8% 7.0% 5.8%

High School Graduate 39.0% 34.1% 27.8% 21.8%

Some College 20.3% 19.3% 19.5% 20.6%

Associates Degree Only 5.0% 4.6% 5.6% 6.8%

Bachelors Degree Only 9.7% 15.4% 22.7% 26.2%

Graduate Degree 9.1% 12.3% 14.0% 15.4%

Number of Businesses 356 627 1,207 5,414

Total Number of Employees 5,666 9,783 18,737 99,942

Employees per Business 15.92 15.62 15.52 18.46

Residential Population per Business 14.48 16.29 17.84 29.49

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©2008, Trade Area Systems Data Source: Synergos Technologies Inc Austin, TX