South Sound Center is a regionally dominant grocery-anchored retail destination in Lacey, Washington, anchored by Trader Joe’s on a new 10-year lease and shadow-anchored by Target. The Center attracts approximately 5.0 million annual visits, supported by strong daily-needs traffic and additional anchors in Marshalls, PetSmart, Michael’s and a low gross rent ($1.88/SF/YR) – top performing Kohl’s (Placer.ai). The offering presents a compelling return profile, featuring a 6.21% CAGR and attractive stabilized return on cost, underpinned by an an extremely low entry basis, in-place rents below market, and meaningful near-term leasing upside at 86% occupancy. Further enhancing the investment, South Sound Center offers long-term redevelopment and repositioning potential, creating multiple pathway