OFFERING MEMORANDUM DISCLAIMER

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2 OFFERING MEMORANDUM DISCLAIMER AGM, Inc. hereby advises all prospective purchases of net leased property as follows: This confidential offering memorandum has been prepared by AGM, Inc. for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire. No representation is made by AGM, Inc. or the property owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, AGM, Inc., owner and their employees and agents disclaim any responsibility for inaccuracies and expect prospective purchaser to exercise independent due diligence in verifying all such information. Further, AGM, Inc., owner and their employees and agents disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omissions from, the confidential offering memorandum or any other written or oral communication transmitted or made available to recipient. This confidential offering memorandum may include certain statements and estimates by AGM, Inc. with respect to the projected future performance of the property; these assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. The confidential offering memorandum does not constitute a representation that there has been no change in the business or affairs of the property or owner since the date of preparation of the confidential offering memorandum. Analysis and verification of the information contained in the confidential offering memorandum is solely the responsibility of the prospective purchaser. Additional information and an opportunity to inspect the property will be made available upon request to interested and qualified prospective investors or purchasers. Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers regarding the property and/or terminate discussion with any entity at any time with or without notice. Owner shall have no legal commitment or obligation to any entity reviewing the confidential offering memorandum or making an offer to purchase the property unless and until such offer is approved by owner, a written agreement for the purchase of the property has been fully executed, delivered and approved by owner and its legal counsel, and any conditions to owner s obligation thereunder have been satisfied or waived. This confidential offering memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. This information should not, under any circumstances, be photo copied or disclosed to any third party without the written consent of AGM, Inc. or owner, or used for any other purpose whatsoever other than to evaluate the possible purchase of the property. By accepting the confidential offering memorandum, you agree that you will not use the confidential offering memorandum or any of the contents in any fashion or manner detrimental to the interest of owner or AGM, Inc. BY ACCEPTING THIS CONFIDENTIAL OFFERING MEMORANDUM, YOU AGREE TO RELEASE AGM, INC. AND HOLD IT HARMLESS FROM ANY KIND OF CLAIM, COST, EXPENSE, OR LIABILITY ARISING OUT OF YOUR INVESTIGATION AND/OR PURCHASE OF THIS NET LEASED PROPERTY BISCAYNE BOULEVARD AGM, Inc.

3 2900 BISCAYNE BOULEVARD MIAMI, FLORIDA OFFERING SUMMARY 02 AREA OVERVIEW 05 PROPERTY OVERVIEW 10 EXCLUSIVELY OFFERED BY BROKER OF RECORD NIKO MIĆIN DAVID L. PERRY, MBA, MPA TERRA REALTY GROUP, LLC. Florida Lic.: #BK BISCAYNE BOULEVARD AGM, Inc. C

4 OFFERING SUMMARY AGM Net Lease is proud to present for sale and lease a trophy 5,200 SF corner building in the heart of Edgewater on the heavily trafficked Biscayne Boulevard. The property has unparalleled visibility due to its irreplaceable positioning on a signalized intersection of Biscayne Boulevard and 29th Street. This is the only property for lease or sale that has tremendous retail frontage of 110+ feet facing Biscayne with included dedicated parking in the back of the property. Property is zoned T6-36A-O and allows for a construction height of up to 36 stories. With approximately 3,700 residential units in Edgewater only and the increasing density through numerous new developments in the area, this corner is truly generational real estate BISCAYNE BOULEVARD AGM, Inc.

5 LOCATION HIGHLIGHTS TROPHY ASSET Incredible Biscayne Boulevard corner retail opportunity with 110 feet of Biscayne frontage. SIGNALIZED INTERSECTION LOCATION Unparalleled visibility on a highly trafficked signalized intersection residential units in Edgewater only, with more than 1,000 units currently under construction and 2,000 proposed within a 1-mile radius from the property High daily traffic in excess of 35,000 on Biscayne Boulevard, with additional 410,000 cars on the I-95, A1A/836 and I-195, each less than a mile away Extremely rare dedicated parking in the back of the building - 12 parking stalls Ideal for a national tenant looking to increase their presence in a core Miami market Highly limited retail vacancy on Biscayne Boulevard Walk score of 91/100 - Walkers Paradise 2900 BISCAYNE BOULEVARD AGM, Inc. 3

6 LEASE SUMMARY FOR SALE SALE PRICE $7,950,000 BUILDING SIZE LOT SIZE $/SF BUILDING $/SF LAND ZONING FOR LEASE RENT LEASE TYPE 5,200 SF 10,205 SF $1,528/SF $749/SF T-36A-O UNDISCLOSED - CALL REPRESENTATIVE NNN BISCAYNE BOULEVARD 35,000 ADT TAXES 2016 (2017 EXEMPT) $7.36/SF ($38,276) INSURANCE $2.40/SF ($12,500) CAM NNN TOTAL TENANT DEPENDANT (ASSUMMING TARGETED SINGLE TENANT OCCUPANCY) APPROXIMATELY $10/SF LANDLORD WILL IMPROVE/REPAVE THE PARKING LOT BRAND NEW HVAC SYSTEM TI ALLOWANCE AVAILABLE OWNER/TENANT WILL VACATE THE PREMISES IN JUNE OR JULY OF BISCAYNE BOULEVARD AGM, Inc.

7 AREA DEMOGRAPHICS MIAMI POPULATION 5 MINUTES 10 MINUTES 15 MINUTES 2010 POPULATION 26, , POPULATION 35, , , POPULATION 40, , ,376 AVG. HOUSEHOLD INCOME 5 MINUTES 10 MINUTES 15 MINUTES 2016 AVG. HOUSEHOLD INCOME $71,604 $55,233 $62, AVG. HOUSEHOLD INCOME $85,504 $65,101 $72,924 Minutes is defined by drive time in specified radii Miami is a major center, and a leader in finance, commerce, culture, media, entertainment, the arts, and international trade. Miami and its suburbs are located on a broad plain between the Florida Everglades to the west and Biscayne Bay to the east, which also extends from Florida Bay north to Lake Okeechobee. In 2012, Miami was classified as an Alpha level world city in the World Cities Study Group s inventory. In 2010, Miami ranked seventh in the United States and 33rd among global cities in terms of business activity, human capital, information exchange, cultural experience, and political engagement. In 2008, Forbes magazine ranked Miami America s Cleanest City, for its year-round good air quality, vast green spaces, clean drinking water, clean streets, and citywide recycling programs. According to a 2009 UBS study of 73 world cities, Miami was ranked as the richest city in the United States, and the world s seventh-richest city in terms of purchasing power. Miami is nicknamed the Capital of Latin America and is the largest city with a Cuban-American plurality. According to the U.S. Census Bureau, Miami s metro area is the eighth-most populous and fourth-largest urban area in the U.S., with a population of around 5.5 million BISCAYNE BOULEVARD AGM, Inc. 5

8 AREA EDGEWATER Edgewater is part of the northern end of Downtown Miami, between I-395 and I-195 and just east of Wynwood and Midtown. Like its name implies, the neighborhood also sits just on the edge of Biscayne Bay directly across from Miami Beach. Additionally, It is also south of the up and coming Design District, and just a few minutes away from the airport through the 112. Living in this neighborhood enables one to be just moments away from a wide variety of shopping and entertainment. Some examples include supermarkets such as Publix on 18th and Biscayne, easy access to the Metromover located on 15th St and dozens of restaurants and shops to explore. In addition to having some of the most amazing views of Biscayne Bay, some (if not most) of the high rise developments in Edgewater are often newer and less costly than Miami Beach, as well as other areas of Downtown. Many of the Edgewater residential towers are also located within close proximity to transportation, feature phenomenal amenities. Other popular locations that are walking distance to Edgewater include: Arts & Entertainment District aedistrictmiami.com Wynwood wynwoodmiami.com Adrienne Arsht Center arshtcenter.org Midtown Miami midtownmiami.com Miami Design District miamidesigndistrict.net Rest of Downtown Miami via Metromover or Trolley BISCAYNE BOULEVARD AGM, Inc.

9 AREA ZONING T-36A-O Property has one of the most favorable Zoning designations in Edgewater. The Miami 21 Zoning Code allows for 36 stories in height and provides for very little restrictions on commercial use. Upside potential of this property is in redevelopment, whether today or in the future. Regulation of capacity in T6 The number located after each T6 is the number of stories that can be built in that transect zone by right. LOT OCCUPATION Regulation of Use in a T6 zone Regulating use is an important part of any zoning code. Miami 21 Zoning Code prioritizes building form (shape and bulk) over the regulation of use to allow for mixed-use development. The T6 zone has the greatest number and variety of uses. Restricted (R) Single family, multifamily residences. Small lodging permitted by exception. Limited (L) single family, multifamily residences, Hotels, Bed & Breakfasts, and Inns, Office space permitted in a limited capacity Open (O) same as above without limitations T6-36 ZONE T6-8 MAX.EIGHT (8) STORIES Max. Benefit Height Max. Benefit Height T6-12 MAX.TWELVE (12) STORIES Max.Height 36 Max.Height 36 T6-24 MAX.TWENTY FOUR (24) STORIES T6-36 MAX.THIRTY SIX (36) STORIES T6-48 MAX.FORTY EIGHT (48) STORIES T6-60 MAX.SIXTY (60) STORIES Min.Height min min. Min.Height T6-80 MAX.EIGHTY (80) STORIES min BISCAYNE BOULEVARD AGM, Inc. 7

10 EDGEWATER EXISTING RESIDENTIAL PROPERTIES - 3,700+ UNITS DEVELOPMENT NAME FROM TO FLOORS BUILT ADDRESS FOR SALE FOR RENT MCI RANK 1800 CLUB $275K $2.68M N BAYSHORE DR MIAMI, FL BAY HOUSE $593K $1.2M NE 27 ST MIAMI, FL BISCAYNE BEACH $450K $9.46M NE 7 AVE MIAMI, FL BLUE CONDOMINIUM $289K $1.2M NE 36 ST MIAMI, FL CITE ON THE BAY EAST $249K $610K N BAYSHORE DR MIAMI, FL CITE ON THE BAY WEST $245K $440K BISCAYNE BLVD MIAMI, FL CITY 24 $229K $538K NE 24 ST MIAMI, FL ICON BAY $376K $2M NE 28 ST MIAMI, FL ONYX ON THE BAY $389K $720K NE 25 ST MIAMI, FL PARAMOUNT BAY $599K $2.28M N BAYSHORE DR MIAMI, FL PLATINUM CONDOMINIUM $289K $510K NE 30 ST MIAMI, FL QUANTOM ON THE BAY $215K $990K 44 & BAYSHORE DR MIAMI, FL STAR LOFTS $215K $2.5M NE 25 ST MIAMI, FL THE CRIMSON $390K $1.62M NE 27 ST MIAMI, FL BISCAYNE BOULEVARD AGM, Inc.

11 AREA UPCOMING DEVELOPMENT PROJECTS 3,000+ RESIDENTIAL UNITS UNDER CONSTRUCTION PROPOSED MIDTOWN MIDTOWN WYNWOOD EDGEWATER WYNWOOD EDGEWATER 2900 BISCAYNE BOULEVARD AGM, Inc. 9

12 PROPERTY FLOOR PLAN BISCAYNE BOULEVARD AGM, Inc.

13 PROPERTY SITE PLAN NE 29TH ST 5,200 SF BISCAYNE BOULEVARD Subject Property Property Parcel 2900 BISCAYNE BOULEVARD AGM, Inc. 11

14 NEW YORK MIAMI SEATTLE AGM Incorporated th Avenue NE Suite 100 Bellevue, Washington tel fax Lincoln Road Miami Beach, Florida tel fax