FITNESS. Grocery/LA Fitness Anchored Center in Affluent Palm Beach Gardens, Florida FITNESS P G A B O U L E V A R D ( 4 5, V P D )

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1 Palm Beach Gardens, FL Grocery/LA Fitness Anchored Center in Affluent Palm Beach Gardens, Florida SINGER ISLAND WEST PALM BEACH THE GARDENS MALL BALLEN ISLES COUNTRY CLUB FLORIDA S TURNPIKE PGA BOULEVARD EXIT RAMP P G A B O U L E V A R D ( 4 5, V P D ) ( 5 8, V P D ) BASCOM PALMER EYE INSTITUTE FAIRWAY OFFICE CENTER RESORT & SPA GOLF COMMUNITIES MIRASOL WALK OFFICES

2 Palm Beach Gardens, FL OPPORTUNITY OVERVIEW Holliday Fenoglio Fowler, L.P. ( HFF ), a Florida licensed real estate broker, is pleased to exclusively offer for sale the fee simple interest in LA Fitness Plaza in Palm Beach Gardens, FL. Anchored by LA Fitness and Tunie s Natural Grocery, the Property offers 05,453 square feet of retail serving one of Palm Beach County s most affluent neighborhoods. The offering presents a unique opportunity for an investor to acquire a high traffic community shopping center in South Florida at well below replacement cost pricing and see significant near- and long-term growth in income and value. PROPERTY SUMMARY Address 700 Fairway Drive Palm Beach Gardens, FL 3348 Site Size (Acres) 4.02-acres Year Built/Renovated 986/2009 GLA (SF) 05,453 (±4,000 SF of Expansion Space) Occupancy 00.0% Tenant Summary Tenant LA Fitness Tunie s Natural Grocery Leased Shops GLA (SF) 4,255 4,750 49,448 % of GLA 39.% 4.0% 46.9% Total 05, % Parking (Ratio) 54 spaces (5.3 per,000 SF) Traffic Counts Florida s Turnpike PGA Boulevard 58,4 vpd 45,500 vpd

3 INVESTMENT HIGHLIGHTS SOUTH FLORIDA RETAIL ACQUISITION WITH SIGNIFICANT GROWTH. Over 40% NOI growth projected via contractual rent growth and recapturing below market leases. Further value can be created by expanding GLA and/or expanding existing junior anchor box. HIGH TRAFFIC LA ANCHOR. Long-term lease with the fitness industry s leading operator with over 650 locations throughout the country. Above average membership at this location with large trade area that extends over 5 miles. BOUTIQUE SPECIALTY GROCER ANCHOR. Tunie s Natural Grocery caters to the surrounding affluent trade area and adds consistent traffic to the Property. EXPANSION POTENTIAL. A new owner can expand the shopping center within the ¼ acre undeveloped parcel fronting the FL Turnpike or increase the footprint of the Tunie s junior anchor box to accommodate a larger tenant in the future. IDEAL TENANT PROFILE. Service and food uses comprise 93% of the existing GLA, limiting the impact of e-commerce and giving the Property a unique draw in the market which has allowed it to maintain occupancy levels above % for five consecutive years. The owner has secured over 8,000 SF (6% of shop space) of leasing activity within the last 24 months. UNENCUMBERED OFFERING. Offered free and clear of any existing financing or tenant purchase rights.

4 AHI: $50,896 MDI: $06,580 MIRASOL AHI: $03,543 MDI: $53,6 OLD PALM N MILITARY TRAIL WHOLE FOODS THE GARDENS MALL BLOOMINGDALE S SAKS FIFTH AVENUE NORDSTROM MACY S SEARS STEIN MART PRIME REGIONALLY ACCESSIBLE LOCATION L A Fitness Plaza encompasses 4 acres with over,000 feet of direct frontage on Florida s Turnpike (58,4 VPD) and it s PGA Boulevard exit ramp. The ease of accessibility of the center extends its trade area beyond the typical neighborhood center. RESORT & SPA PGA BOULEVARD LA PLAZA BALLEN ISLES 3-MILE RADIUS 8 PETCO BEST BUY MICHAELS BARNES&NOBLE TOTAL WINE PALM BEACH GARDENS MEDICAL CENTER JOANN OFFICE DEPOT BED BATH& BEYOND TJ MAXX JOHN MACARTHUR BEACH STATE PARK STRONG DAYTIME DRIVERS LA Fitness Plaza sits at the entrance to PGA National Resort & Spa and is surrounded by Mirasol, Old Palm and Ballen Isles golf courses. In addition, there are numerous office buildings, the multi-building Bascom Palmer Eye Institute, commercial properties and hotels within close proximity which add significant daytime traffic. AHI: $07,905 MDI: $76,308 AHI: $3,38 MDI: $75,660 IRONHORSE AHI: $07,65 MDI: $74,642 AHI: $05,408 MDI: $98,634 BEELINE HIGHWAY WINNDIXIE OFFICE MAX ROSS DRESS FOR LESS THE HOME DEPOT TIGERDIRECT.COM NORTHLAKE BOULEVARD COSTCO WHOLESALE KOHL S LA LOWE S TARGET STAPLES PETSMART KMART OLD DIXIE HIGHWAY AA EXCEPTIONAL DEMOGRAPHIC PROFILE The Property s trade area offers the optimal profile of population density, growth and affluence. The average household income within a three-mile radius is an impressive $08,843, which substantially exceeds state ($7,39) and county ($85,43) averages. AHI: AVERAGE HOUSEHOLD INCOME MDI: MEDIAN DISPOSABLE INCOME

5 DEMOGRAPHICS Description 3-mile Radius 5-mile Radius Population 202 Projection 56,98 42, Population 5,576 3,245 Growth % 8.4% Household 202 Projection 25,226 60, Estimate 23,275 56,375 Growth % 7.8% Income 206 Est. Avg HH Income $08,843 $03,00 % of HH Incomes > $00, % 33.8% Values 206 Median Housing Value $349,455 $33,57 % of Homes >$300, % 5.8% Education and Travel Time % of Population with at least a Bachelor s Degree 44.0% 43.0% 206 Average Travel Time to Work in Minutes Source: Claritas Tampa Orlando Palm Beach Gardens Fort Myers Naples Mirasol Country Club PGA Boulevard PGA National Palm Beach Ft. Lauderdale Miami Florida s Turnpike 3-Mile Ballenisles Country Club Northlake Boulevard Bee Line Highway North Military Trail Donald Ross Road Congress Avenue NORTH PALM BEACH 70 0th Street 708 LAKE PARK RIVIERA BEACH AA AA PALM BEACH SHORES Miami Office: 450 Brickell Ave. Suite 20 Miami, FL 333 T F Presented By: Danny Finkle Senior Managing Director Tel dfinkle@hfflp.com Eric Williams Director Tel ewilliams@hfflp.com Luis Castillo Managing Director Tel lcastillo@hfflp.com Kim Flores Associate Tel kflores@hfflp.com Debt Placement: Nat Scarmazzi Director Tel nscarmazzi@hfflp.com No warranties or representations, expressed or implied, are made as to the accuracy of the information contained herein. The Property is offered subject to errors, omissions, change of price, rental or other conditions including withdrawal without notice, and will be subject to any special conditions, which may be imposed or made by the Owner or Holliday Fenoglio Fowler, L.P. The Owner and Holliday Fenoglio Fowler, L.P. reserve the right to accept or reject any and all offers. Holliday Fenoglio Fowler, L.P. ( HFF ) a Florida licensed real estate broker HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on HFF.