Tenant Summary and Rent Roll Webber St., Sarasota, Fl 3599 Marco s Pizza 3593 Liberty Tax Services 3595 Total Wellness Salon

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1 Tenant Summary and Rent Roll Webber St., Sarasota, Fl Currently there are 3 franchisees and 1 independent tenant at this property. Rent is subject to a one time (pass thru) per year adjustment to offset increases in expenses including property taxes, insurance and common area maintenance and repair expenses on 3 of the units. The pass thru is added to the base rent plus a 7% sales tax to arrive at the monthly rent Marco s Pizza Lease commenced 9/1/2013 at a base rate of $12.50 per sq ft with an adjustable pass thru of $2.06 per sq ft. The leasable space of the unit is approximately 767 sq ft. The monthly rent including sales tax is $ The initial lease term is 3 years. 90 days prior to the expiration of the initial term the tenant may opt to exercise an option to extend for an additional 4 year term at a base rate of $14.00 per sq ft plus pass thru. Prior to expiration of the second term Tenant has negotiated a third extension with a base rate of $16.00 per sq ft plus pass thru for another 3 years. Upon expiration of the 3 rd term Tenant has the option of 2 additional 5 year term options at the then prevailing per sq ft rates Liberty Tax Services Lease commenced 8/15/2013 at a base rate of $11.00 per sq ft with an adjustable pass thru of $2.06 per sq ft. The leasable space of the unit is approximately 925 sq ft. The monthly rent including sales tax is $1, The initial lease term is 3 years. 30 days prior to the expiration of the initial term the tenant may opt to exercise an option to extend for an additional 2 year term at a base rate of $12.00 per sq ft plus pass thru Total Wellness Salon Lease commenced 5/1/2015 at a base rate of $7.59 per sq ft with an adjustable pass thru of $1.60 per sq ft. The leasable space of the unit is approximately 1567 sq ft. The monthly rent including sales tax is $1, The initial lease term is 2 years. 30 days prior to the expiration of the initial term the tenant may opt to exercise an option to extend for an additional 2 year term at a base rate of $8.50 per sq ft plus pass thru Boost Mobile Lease commenced 6/1/2015 at a base rate of $5.04 per sq ft with an adjustable pass thru of $1.60 per sq ft. The leasable space of the unit is approximately 2532 sq ft. The monthly rent including sales tax is $1, This is an annual lease. 30 days prior to the expiration of the initial term the tenant may opt to exercise an option to extend for an additional 2 year term at $1, per month plus sales tax for the first year of the extension and $1,550 per month plus sales tax. Note All tenants paid for their own build outs. There are no TI credits or free rent credits outstanding. Leases are available for review upon an agreed upon LOI for the sale of the property.

2 Executive Summary Webber St, Sarasota Fl., is a 5,791 sq ft building zoned CG (Commercial General). Total land area is 16,716 sq ft. It is 100% leased. Tenants include Carryout Pizza, Cell Phone Store, Hair Salon and Tax Preparation. Annual Income is $58,259. Expenses are $14,310. Existing leases have renewal options that will increase Rent to $66,041 which moves CAP from 5.5 to 6.5. Ownership is Rider Trio, a Florida General Partnership. The property contains 2 Parcel Id numbers; PID# (Lot 12) and PID# (Lot 13). Lease terms range from 1 to 20 years (including extensions). Lease agreements are available upon contract acceptance. The roof, HVAC, Plumbing and Electrical on 3599 Webber were all replaced in Units roofs were sealed with a liquid TPO coating by PermaSeal/Jack Logan Roofing in 2015 and have a transferrable warranty. Electrical and plumbing were updated in One new air handler in unit 3597 in 2013 and one complete new HVAC was installed in 3595 in Parking lot paved and resealed in 2013.

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4 Webber St Webber St, Sarasota, FL Listing ID: Status: Active Property Type: Retail-Commercial For Sale Retail-Commercial Type: Street Retail Size: 5,791 SF Sale Price: $799,000 Unit Price: $ PSF Sale Terms: Cash to Seller Overview/Comments Price Reduced $50,000 on this Neighborhood Strip Mall End Cap consisting of four retail spaces. Excellent visibility w/ almost 250' of street frontage on a 4 lane divided highway. Ingress and Egress by traffic signal. Approximately 35,000 daily car count satisfies most franchise requirements. Alley access along the back side of the property allows for deliveries and additional parking. Surrounded by mature residential neighborhoods of South Gate and Forest Lakes there are plenty of rooftops in the immediate vicinity including new residential construction is leased to Liberty Tax Service and is 925 sq ft MOL is leased to Total Wellness Salon and is 1,567 sq ft MOL is leased to Boost Mobile and is 2532 sq ft MOL and 3599 is leased to Marco's Pizza and is 767 sq ft MOL. All leases are available upon execution of a CA.Three tenants are national franchises and one is independent. Utilities are separate and are billed to the tenants. There is a house 5th electric meter for the pylon sign lighting paid for by the owner. The property is in good condition. Many updates in 2013 including; electrical, roof, plumbing and HCAV. There is also a small supply storage area for the owner. Annual rent for 2015 is $58,259. Expenses are $14,364. NOI is $43,894. Existing leases have renewal options that will increase Rent to $66,041 which moves CAP from 5.5 to 6.5. General Information Taxing Authority: Sarasota County Tax ID/APN: & Retail-Commercial Type: Street Retail Zoning: CG (COMMERCIAL GENERAL) Property Use Type: Investment Building Name: Webber & Beneva Area & Location Market Type: Medium Retail Clientele: General Property Located Between: North-west quadrant of the intersection of Webber St & Beneva Rd in Sarasota Florida Side of Street: North Road Type: Paved, Highway Property Visibility: Excellent Largest Nearby Street: Beneva Rd Feet of Frontage: 250 More Information Online QR Code Scan this image with your mobile device: Gross Building Area: 6,790 SF Building/Unit Size (RSF): 5,791 SF Land Area: 16,716 SF Sale Terms: Cash to Seller Cap Rate: 5.5% Traffic/Vehicle Count: 30,000 Transportation: Bus, Highway Highway Access: The property is 3.8 miles west of Interstate 75, 2 miles east of US 41,.7 miles north of Bee Ridge Rd Airports: Sarasota Bradenton International Site Description: Commercial signalized intersection. Subject property is comprised of 2 parcels. Area Description Located between 2 mature residential neighborhoods of South Gate and Forest Lakes. Lots of roof tops in a full radius surrounding the subject property. Page 1

5 Building Related Tenancy: Multiple Tenants Total Number of Buildings: 1 Number of Stories: 1 Typical SF / Floor: 5,791 SF Property Condition: Good Year Built: 1977 Year Renovated: 2013 Roof Type: Flat Construction/Siding: Block, Stucco Parking Type: Surface Parking Description: Sprinklers: Heat Type: Heat Source: Air Conditioning: Internet Access: Interior Description: Non-designated parking out front and additional alley parking for employees out back None Electricity Central Package Unit Cable, DSL, Satellite Tenant improved interiors. Suspended ceilings. Glass entry doors, Tile floors Exterior Description Spanish style w/ large canopy and patio area. 3 of the 4 units have back alley access and additional alley parking for employees. Land Related Zoning Description: Commercial General. Retail/Office/Restaurant Lot Frontage (Feet): 247' Lot Depth: 143' Water Service: Municipal Sewer Type: Easements Description: Land Ownership: Municipal Public alley behind building Fee Simple Legal Description LOT 12 & 5.5% INT IN PRIVATE ACCESS AREA LOT 12 BLK 155 SOUTH GATE UNIT 36 and LOT 13 & 20% INT IN PRIVATE ACCESS AREA LOT 13 BLK 155 SOUTH GATE UNIT 36 Financials Finance Data Year: 2015 Potential Rental Income: $66,041 (Annual) Net Operating Income: $46,264 (Annual) Location Address: Webber St, Sarasota, FL County: Sarasota MSA: North Port-Sarasota-Bradenton Gross Operating Income: Actual or Proforma Year: Lender Name: $57,426 (Annual) Actual Private Page 2

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8 wb20 Property Contacts Steve Rider FLORIDA INTERNET REALTY LLC [M] [O] Page 5 Copyright My Florida Commercial Real Estate. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.