Dunkin Donuts NNN ABSOLUTE LEASED OFFERING. 920 W SR 44 Wildwood, FL. Partnership. Performance.

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1 Steve Tanner Senior Vice President - Orlando D: E: steve.tanner@avisonyoung.com Timothy Garito Principal D: E: tim@garitoco.com Dunkin Donuts NNN ABSOLUTE LEASED OFFERING 920 W SR 44 Wildwood, FL Partnership. Performance.

2 Partnership. Performance. DISCLOSURE This confidential Offering Memorandum was prepared by Garito and Company, LLC and Avison Young - Florida, LLC. It contains selected information pertaining to the Property and does not purport to be all-inclusive, nor to contain all the information that a prospective investor may desire. This presentation is not an offer to sell or a solicitation to buy any securities, and is subject; to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement, or advice as to the actual return on this investment. Except for any historical information, such matters discussed herein are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected, and could result in the loss of principal. Each prospective investor is to rely upon its own investigation, evaluation and judgment as to the advisability of the investment described herein. Sources of information contained within this Offering Memorandum came from: CoStar, Integrated Realty Resources, Google, Esri and the US Census Bureau. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers and/or to terminate discussions with any party at any time with or without notice. The Owner shall have no legal commitment or obligation to any investor or Broker reviewing this Offering Memorandum or making an offer to invest in the Property unless a written agreement has been fully executed, delivered, and approved by the Owner and any conditions to Owner s obligations thereunder have been satisfied or waived. OFFERED EXCLUSIVELY BY: Steve Tanner Senior Vice President - Orlando D steve.tanner@avisonyoung.com 135 W. Central Boulevard Suite 700 Orlando, FL United States Avison Young Florida, LLC This Offering Memorandum is the property of Garito and Company, LLC and Avison Young - Florida, LLC and may only be used by parties approved by Garito and Company, LLC and Avison Young - Florida, LLC. The Property is being privately offered and by accepting this Offering Memorandum, the party in possession hereof agrees that its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of Garito and Company, LLC and Avison Young - Florida, LLC and Owner. The terms and conditions set forth apply to this Offering Memorandum in its entirety. LOI GUIDELINES Closing Costs: Closing costs will be divided as customary and included in the contract. PURCHASE CONTRACT: Seller will prepare the purchase and sale agreement. TRANSACTION: As-Is, Where-Is sale; Representations and Warranties Shall not survive closing. Due Diligence period : 30 days or less Closing Period: 30 days or less Seller will provide personal financial statements and draft of proposed lease after fully executed LOI Timothy Garito Principal tim@garitoco.com 1501 E Michigan St. Orlando, FL United States Garito & Company,LLC

3 OFFERING SUMMARY INTRODUCTION Garito and Company and Avison Young s Capital Markets Group are pleased to offer for sale a 100% fee simple interest the newly constructed, free-standing Dunkin Donuts with drive-thru located at 920 W SR 44, Wildwood, Florida. The location will be open April 2018 and will be sold with a 20 year NNN lease term. The Property is strategically located on the highly traveled I-75 (40,000 AADT) and SR 44 (14,510 AADT). INVESTMENT HIGHLIGHTS Long Lease Term The Property will be sold with a new 20 year primary lease term High Traffic Area The Property is located near the intersection of I-75 and the Florida Turnpike, two of Florida s main thoroughfares Strategic Location State Road 44 is the western entrance to The Villages, one of the nations largest and fastest growing age-restricted communities in the U.S. Great Visibility The Property is easily accessible from State Road 44 Traffic Generating Neighbors Other restaurants in the area include: McDonalds, Wendy s, Zaxby s, Burger King, Waffle House, Steak & Shake and Popeye s SITE SPECIFICATIIONS Address: Total GLA: Site Area: 920 W SR 44, Wildwood, FL ,000 sf 1 +/- ac Lease Expiration: 2038 Increases: Options: PRICING Tenant Name: Franchisee: Grantor: Ownership Type/Lease Type: Landlord Responsibilities: Store Opening: Lease Term Remaining: Price: Year-One NOI: 8.00% every five years Four (five year options) Dunkin Donuts Carlos Andrade Group Personal guarantee Fee Simple/NNN None April Years $1,200,000 $60,000 Cap Rate: 5.00% *Tenant can assign without consent to any Dunkin' approved franchisee Strong Guarantee The lease will be personally guaranteed by an operator, one of the largest Dunkin Donuts operators in the US New Construction The building is expected to be completed in April 2018 DUNKIN DONUTS INVESTMENT OFFERING 3

4 FINANCIAL SUMMARY DUNKIN DONUTS ABSOLUTE NNN LEASE OFFERING 920 W SR 44, Wildwood, FL $1,200, % CAP Fee Simple Ownership SUMMARY Tenant Name: Dunkin Donuts Square Footage: 2,000 sf Store Opens: April 2018 ( Estimated) Lease Term Remaining: 20 Years Rent Commencement: Close of escrow Annual Rent: $60,000 Options: Four (5 year) Increases: 8.00% every 5 years Lease Expiration: 2038 WILDWOOD SITE PLAN DUNKIN DONUTS OPERATING SUMMARY Net Operating Income CAP Rate Years 1-5 $60, % Years 6-10 $64, % Years $69, % Years $75, % Option 1 $81, % Option 2 $88, % Option 3 $95, % Option 4 $102, % PROPOSED STATE ROAD 44 PROPOSED CR-229 CR-232A DUNKIN DONUTS INVESTMENT OFFERING 4

5 PEOPLE & DEMOGRAPHICS POPULATION 1 MILE 3 MILE 5 MILE SUMTER FLORIDA Est. Population (2017) 2,832 21,994 73, ,300 20,600,000 Proj. Population (2022) 3,349 25,436 84, ,919 22,600,000 Proj. Annual Population Growth ( ) 517 (3.6%) 3,443 (3.1%) 11,094 (3.0%) 29,618 (3.0%) 1,988,319 (1.9%) Est. Households (2017) 1,184 10,998 36,763 87,565 8,216,632 Proj. Households (2022) 1,449 13,170 43, ,364 8,.669,057 Proj. Annual Household Growth ( ) 265 (4.5%) 2,173 (4.0%) 7,137 (3.9%) 12,798 (2.9%) 452,452 (1.1%) Median Age HOUSEHOLD INCOME Est. Avg. Household Income (2017) $56,514 $74,802 $76,927 $63,777 $72,504 Proj. Average Household Income (2022) $55,500 $76,357 $78,717 $68,139 $89,263 Est. Median Household Income (2017) $46,318 $59,111 $61,181 $52,056 $52,516 Proj. Median Household Income (2022) $53,830 $69,163 $71,800 $61,446 $61,586 EDUCATION Any College (Some College or Higher) 56.8% 64.8% 64.8% 54.4% 58.5% College Degree + (Bachelor Degree or Higher) 28.3% 34.4% 34.4% 24.6% 28.4% WORKFORCE Total Businesses ,354 4, ,384 No. of Employees 2,121 6,341 17,339 49,891 8,729,684 White Collar Workers 60.5% 60.8% 61.3% 55.4% 61.4% Blue Collar Workers 39.5% 39.2% 38.7% 44.6% 38.6% HOUSING Owner-Occupied Median Home Value $226,825 $218,333 $241,062 $176,557 $180,290 Renter-Occupied Median Rent $1,855 $838 $823 $709 $887 Housing Units Owner-Occupied 87.0% 92.7% 94.6% 85.7% 66.6% Housing Units Renter-Occupied 13.0% 7.3% 5.4% 14.3% 33.4% * Source: Regis 2017 Report DUNKIN DONUTS INVESTMENT OFFERING 5

6 MAP SR 44 SR 44 DUNKIN DONUTS INVESTMENT OFFERING 6

7 MAP SITE LOCATION 72,500 AADT THE VILLAGES 68,000 AADT 16,700 AADT 44A WILDWOOD 466A 40,400 AADT S Main St DUNKIN DONUTS INVESTMENT OFFERING 7

8 TENANT OVERVIEW CARLOS ANDRADE GROUP The Carlos Andrade Group is based in Westwood, MA. The company is one of the largest Dunkin Donuts Franchisees in the U.S. *Tenant can assign without consent to any Dunkin' approved franchisee DUNKIN DONUTS Founded: 1950 No. of Stores: 11,300 Headquarters: Canton, MA Website: Founded in 1950, Dunkin Donuts is America s favorite all-day, everyday stop for coffee and baked goods. Dunkin Donuts is a market leader in the hot regular/decaf/flavored coffee, iced coffee, donut, bagel and muffin categories. Dunkin Donuts has earned the No. 1 ranking for customer loyalty in the coffee category by Brand Keys for nine years running. The company has more than 11,500 restaurants in 40 countries worldwide. DUNKIN DONUTS INVESTMENT OFFERING 8

9 AEREA OVERVIEW WILDWOOD Wildwood, at the juncture of Interstate 75, Florida s Turnpike, State Road 44, and U.S. Highway 301, is often referred to as The Crossroads of Florida. Only an hour from both Tampa and Orlando, Wildwood makes an excellent jumping off point for daily excursions throughout Central Florida. Wildwood is also home to the southernmost expansion of The Villages, the fastest-growing micropolitan area in the U.S. Come check out the new town square at Brownwood Paddock Square, where every night is a Saturday night and every day is a Sunday. If getting back to nature is more your thing, Wildwood is home to two wildlife management areas, where visitors can fish, hunt, camp, hike, bike, enjoy some of the finest birding in the area, or just chill in a relaxed, rural, nature setting. Wildwood, Sumter County, FL the real Florida. I-75 I-75 is one of Florida s main traffic thoroughfares connecting the Miami area to the south, Naples, Ft Myers, Tampa, Gainesville and exiting to Georgia on the north. The Florida turnpike merges into I-75 just south of Wildwood, funneling north/south bound from each road onto together in Wildwood. This creates traffic counts of over 72,000 vehicles per day. THE VILLAGES This 55+ community is the largest age-restricted community in the country and spans three counties, three zip codes, and over 20,000 acres. With plans to have more than 56,000 residences at build out, The Villages has everything you could want or need because it is a self-sustaining town with 17 recreation centers and 25 neighborhood centers. From swimming pools to golf courses, healthcare centers to shopping centers, there is no shortage of fun, activities, and daily conveniences for residents in this vibrant community. Construction in The Villages began in 1978 and still continues to this day, with new floor plans as well as resale homes found throughout the many colorful neighborhoods within the community. DUNKIN DONUTS INVESTMENT OFFERING 9

10 Steve Tanner Senior Vice President - Orlando D: E: steve.tanner@avisonyoung.com Timothy Garito Principal D: E: tim@garitoco.com Partnership. Performance.