WENDY'S GROUND LEASE 2110 Bloomingdale Avenue Valrico, Florida EXECUTIVE SUMMARY. Representative Photo

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1 EXECUTIVE SUMMARY Representative Photo

2 INVESTMENT HIGHLIGHTS Investment Highlights Brand New Absolute NNN Corporate Ground Lease This brand new 15-year corporate Wendy s ground lease is absolute NNN with no landlord responsibilities. Strong National Tenant The Wendy s Company has 6,500 restaurants worldwide with domestic restaurants averaging $1.54 Million per store in annual sales. The Wendy s Company is publicly traded (NASDAQ-WEN) with a market cap of $2.61 billion as of July Significant Rent Increases This brand new 15 year lease features 10% rental increases every five years, including each of the five (5) 5-year options to renew. Growing Retail Corridor Situated in front of Crest Pointe Town Shoppes, a acre mixed-use development anchored by a new Walmart Supercenter, the site offers excellent visibility and frontage on highly traveled Bloomingdale Avenue. Surrounding retailers include Publix, The Fresh Market, CVS, Walgreens, Verizon, Stein Mart and Bealls, among others. Low Tax Burden With no personal income taxes imposed in Florida, the state features one of the lowest tax burdens in the country. Superior Demographics Within one mile of the property, the median household income is $92,277, which is 94.4% higher than the statewide average. Retail expenditures average $2,791 per household per month. Excellent Location Located in the Tampa-St. Petersburg-Clearwater MSA, the area boasts a robust, diverse economy with 19 corporate headquarters, eight of which are Fortune 1000 companies. MacDill Air Force Base contributes $5 billion annually to the greater Tampa Bay economy. Impressive Tourism Dollars In 2014, 20.8 million visitors spent $35 billion in Hillsborough County and generated almost $330 million in state and local tax revenues. Highly Trafficked Intersection Bloomingdale Avenue - 26,000 ADT Lithia Pinecrest Road - 19,000 ADT Investment Summary PROPERTY ADDRESS PRICE $2,316,000 RENT $110,000 CAP RATE 4.75% TENANT GROSS LEASABLE AREA YEAR BUILT 2016 RENT COMMENCEMENT LEASE TERM RENEWAL OPTIONS LEASE TYPE 2110 Bloomingdale Avenue Valrico, Florida Wendy's International, LLC +/ AC Tenant to construct +/- 3,146 SF building Earlier of date Tenant opens for business or November 21, years Five 5-year options Densely Populated Location (5-Mile ) ESTIMATED POPULATION 173,415 ESTIMATED HOUSEHOLDS 64,361 AVERAGE HOUSEHOLD INCOME $83,653 NUMBER OF BUSINESSES 5,591 NUMBER OF EMPLOYEES 46,734 TOTAL RETAIL EXPENDITURES Triple-net (NNN) corporate ground lease $1.81 B CASTO REDSTONE 2

3 SITE PLAN +/- 154,718 SF PENDING LOI SUBJECT PENDING LOI AVAILABLE +/ AC BLOOMINGDALE AVE

4 AERIAL E LUMSDEN RD VALRICO BRANDON BROOKER ELEM. SCHOOL DURANT RD S MILLER RD JC HANDLY SPORTS COMPLEX KINGSWOOD ELEM. SCHOOL S KINGS AVE JOHN MOORE RD BURNS MIDDLE SCHOOL BROOKER RD BELL SHOALS RD LITHIA PINECREST RD BLOOMINGDALE REGIONAL PUBLIC LIBRARY BLOOMINGDALE HIGH SCHOOL 19,000 ADT SUBJECT BUCKHORN SPRINGS GOLF & COUNTRY CLUB E BLOOMINGDALE AVE 26,000 ADT

5 DEMOGRAPHICS Population 3-Mile 5-Mile 2016 ESTIMATED POPULATION 71, , PROJECTED POPULATION 77, , CENSUS POPULATION 70, , CENSUS POPULATION 59, , MEDIAN AGE (YEARS) Education 3-Mile 5-Mile 2016 HIGH SCHOOL GRADUATE 24.1% 25.2% 2016 SOME COLLEGE 22.5% 23.4% 2016 ASSOCIATE DEGREE ONLY 11.3% 10.5% 2016 BACHELOR DEGREE ONLY 23.3% 22.2% 2016 GRADUATE DEGREE 11.7% 10.9% Households 2016 ESTIMATED HOUSEHOLDS 25,505 64, PROJECTED HOUSEHOLDS 27,115 68, CENSUS HOUSEHOLDS 24,765 60, CENSUS HOUSEHOLDS 20,455 44,041 Income 2016 EST. AVERAGE HOUSEHOLD INCOME 2016 EST. MEDIAN HOUSEHOLD INCOME $93,763 $83,653 $79,731 $72, EST. PER CAPITA INCOME $33,574 $31,072 HOUSEHOLD INCOME $75, % 44.3% Daytime Demos NUMBER OF BUSINESSES 1,734 5,591 TOTAL NUMBER OF EMPLOYEES 12,945 46,734 EMPLOYEE POPULATION PER BUSINESS RESIDENTIAL POPULATION PER BUSINESS 7.5 to to to to 1 ADJUSTED DAYTIME POPULATION 33,538 95,354 Consumer Expenditure TOTAL RETAIL EXPENDITURE (2016) $779 M $1.81 B TOTAL RETAIL EXPENDITURE (PER HOUSEHOLD PER MONTH) $2,541 $2,344 71% 1-MILE RADIUS PROJECTED AVG. HH INCOME INCREASE FROM 2000 MACDILL AIR FORCE BASE $5 BILLION ECONOMIC IMPACT 60.7% $ 1-MILE RADIUS HOUSEHOLD INCOME $75,000+ $35 BILLION TOURISM DOLLARS CASTO REDSTONE 5

6 BROKERAGE PROFILES Inspired ideas. Integrated real estate solutions. CASTO is a privately held, vertically integrated real estate services company with 90-years of experience. Our portfolio includes retail, residential, office and industrial properties located throughout the eastern United States, including more than 21,670,000 square feet of retail space in 100+ commercial properties and nearly 4,000 apartments in 14 multi-family communities. State Street Capital Realty is a team of investment sales professionals focusing on providing whiteglove service to our clients. A division of CASTO, State Street Capital Realty has the market access, tenant knowledge and strong industry relationships to execute at the highest levels. Committed to excellence, we expertly leverage our extensive portfolio experience to maximize value for our corporate and investment clients real estate holdings. Acquisitions & Dispositions Stephanie P. May Beaumier PHONE FAX smay@castoinfo.com CASTO 250 Civic Center Drive Suite 500 Columbus, Ohio PHONE TOLL-FREE FAX Redstone Commercial is a fully integrated commercial real estate services company doing business in 14 states with a client portfolio that exceeds 5,000,000 square feet, with 1,430,000 square feet in Florida. Redstone Commercial has been in business for over 25 years with a lineage that dates back to Redstone has offices in Tampa, Florida and Youngstown, Ohio. Our core competency is built on achieving valued solutions for our diverse client base. We take a holistic view of our client s portfolio and implement a strategic system that best aligns with their goals. We focus on what makes your business tick and how we can add value based on what s important to you. Our outlook on real estate, whether it is our own or if we are working on behalf of a third party, is simple. Every property is different and we pay attention to the important details and story behind every one of them to create a customized approach. William Wamble OFFICE CELL FAX wwamble@redstonecommercial.com Redstone Commercial 1501 W. Cleveland Street Suite 200 Tampa, Florida CASTO REDSTONE 6