I n v e s t m e n t O f f e r i n g B r o c h u r e

Similar documents
EAGLES LANDING 3 TENANT EAGLES LANDING 3 TENANT MEDICAL

2430 Gulf to Bay Boulevard, Clearwater, FL

1650 Rinehart Rd, Sanford, FL

NNN SAVE-A-LOT SALE LEASEBACK

EAST CHOCOLATE PLAZA - ADMINISTRATIVE MEDICAL OFFICE BUILDING

FOR SALE RETAIL Hwy 72 E., Athens, AL RETAIL STRIP CENTER AND WAREHOUSE SPACE WITH UPSIDE POTENTIAL

AUBURN GRESHAM MIXED-USE 20-UNIT

PORTFOLIO FOR SALE. Troy Humphrey Anna Russell

LOUISIANA ST FOR SALE MULTIFAMILY LOUISIANA ST, San Diego, CA 92104

FRANK JERMUSEK, JD PETER COLVIN. JAMES PARSONS Council Chair Of Single Tenant Investments

DOWNTOWN OFFICE BLDG 630 CENTER STREET NE SALEM, OR Tom Hendrie Advisor

ISLAND MEDICAL PLAZA: BUILDING J&L

NNN MOBIL 1 LUBE EXPRESS IONIA MI

INVESTMENT OPPORTUNITY

MAGNOLIA CROSSING 2501 W MAIN STREET DURANT, OK Girma Moaning Associate Advisor

INDUSTRIAL MANUFACTURING FOR SALE VETERANS MEMORIAL

FRANK JERMUSEK, JD PETER COLVIN. JAMES PARSONS Council Chair Of Single Tenant Investments

WALGREENS GRAND RAPIDS MI

FORMER NORTHCENTRAL UNIVERSITY HEADQUARTERS

INVESTMENT PROPERTY FOR SALE

SUNNYMEAD AUTO WASH SALE LEASEBACK

ANDY'S FROZEN CUSTARD 20 YR. ABSOLUTE NET

PROPERTY HIGHLIGHTS. 100% Occupied Office Building. All Operating Expenses Covered by Master-Tenant. Recently Remodeled-2016.

VALUE ADD RETAIL INVESTMENT OPPORTUNITY

NNN DOLLAR GENERAL GREENFIELD MO

NNN Investment Property. Walgreens Jackson, MS. Offering Price: $2,975,000 Offering CAP: 11.60%

3.7 ACRE COMMERCIAL PARCEL - ON THE BROAD RIVER

PORTFOLIO OF 26 SINGLE FAMILY RENTALS IN HUNTSVILLE, AL

FOR LEASE RETAIL North Highway 360, Grand Prairie, TX QUALITY AFFORDABLE RETAIL AND OFFICE SPACE AVAILABLE WITH HIGHWAY 360 VISIBILITY

HILL TOP MOBILE HOME PARK

2821 NW 50TH ST OKLAHOMA CITY, OK Girma Moaning Associate Advisor

3753 N CLARK 3753 N CLARK ST CHICAGO, IL Lee Ffrench Senior Advisor

For Sale CAP ROCK COMMERCIAL 3, LOT 3 (1.55 acres) State Highway 46 S, New Braunfels, TX PROPERTY HIGHLIGHTS. Mike Norris Executive Director

±1,319 SF OFFICE SPACE FOR LEASE - MEDICAL MILE

BEREA LOTS RIDGEWOOD DR & PAULINE DR RIDGEWOOD DRIVE BEREA, KY Neal Metcalfe Advisor

5.2 ACRES ON HWY 76 NEAR SILVER DOLLAR CITY

HWY ACRE DEVELOPMENT OPPORTUNITY

OFFICE SUITE OR LEASE

RITE AID CENTER RIDGE RD WESTLAKE OH 44145

7000 W NORTH AVE FOR SALE OFFICE W North Ave, Chicago, IL 60707

14219 NORTHLAND DRIVE RETAIL OPPORTUNITY

For Sale 10+ ACRES NEAR LOOP 337 & IH 35. W. San Antonio Street, New Braunfels, TX PROPERTY IHIGHLIGHTS

NORTH PINES PROFESSIONAL CENTER

COMMERCIAL PARCEL WITH DIRECT FRONTAGE ON HWY 278

KEEI HONAUNAU HAWAII BELT ROAD CAPTAIN COOK, HI David Buehler, HI #RS Associate Advisor

3450 FOREST LANE DALLAS, TX Dan Morris Senior Advisor

EXCLUSIVE WOODRUFF ROAD OFFICE DEVELOPMENT OPPORTUNITY PROPERTY HIGHLIGHTS ± 13,000 VPD [2015] Professional Park

WEST CHATHAM BUSINESS PARK WAREHOUSE: 6,800 SF

1890 AIRPORT RD. FOR SALE LAND Airport Rd. Allentown, PA The most visible site in the Lehigh Valley at Rte 22 and Airport Road

FAIR HAVEN BOWL 711 E. HAWLEY ST. MUNDELEIN, IL David Makowski Senior Vice President

THE SHOPPES AT PARK 17

Representative Photo. BURGER KING Early (Brownwood), Texas

RETAIL BUILDING FOR SALE

YEAR ROUND CAR WASH BUSINESS IN THREE OAKS, MICHIGAN

INVESTMENT PROPERTY FOR SALE RETAIL. 925 Snow Hill Road, Salisbury, MD 21804

APPROX. 6,875 SF MULTI-TENANT RETAIL AND/OR OFFICE UNITS

37.07 ACRES BNSF RAIL SERVED SITE FOR SALE

PRICE REDUCED!! 100% LEASED OFFICE BUILDING FOR SALE

COLUMBIA COUNTY - MULTIFAMILY INCOME

3,005' AUTO SERVICE BUILDING

PARK N SHOP - C/STORE, GAS STATION WITH SUBWAY SANDWICH

INDUSTRIAL BUILDING 7711 SOUTH WESTERN AVENUE CHICAGO, IL Diana Peterson President

Out-Back Self Storage

BUTTERFIELD PLAZA 722 S. BUTTERFIELD ROAD MUNDELEIN, IL David Coupe Senior Advisor

OFFERING MEMORANDUM. Youree Plaza Youree Dr Shreveport, LA

DOLLAR GENERAL 3311 E. PALMETTO STREET FLORENCE SC 29506

APPLEBEE S ABSOLUTE NNN LEASE

NNN LEASED INVESTMENT

Asking Price $ 925,000

WEST CHATHAM BUSINESS PARK WAREHOUSE: 5,770 SF

For Sale. Land. Villages At Wicklow. Sale Overview. Property Overview. Tracker Rd & Old Castle Road Nixa, MO

98 ACRES ON BECKS LAKE RD.

ALSIP STRIP CENTER 5030 WEST 127TH ALSIP, IL Diana Peterson President

SVN The Kase Group. Burger King NNN Leased Offering Albert Lea, MN $1,643, % CAP. Offering Highlights. Long Term Absolute NNN Lease

NNN MOB - CHILDREN'S MEDICAL GROUP

HAPPY KIDDS WEST DAYCARE

BATTLEFIELD MARKET PLACE

3.1 ACRES FOR SALE & LEASE

PRE-LEASING WAREHOUSE: UP TO +/-16,495 SF

For Sale 9.55 ACRES ON HIGHWAY 46 W. 0 Highway 46 W, New Braunfels, TX PROPERTY HIGHLIGHTS. Mike Norris Executive Manager

40 UNIT SRO + COMMERCIAL SPACE

1005 W. WASHINGTON CENTER ROAD

OSPREY INDUSTRIAL PROPERTY

KINGS HIGHWAY LAND ZONED IG LAND CONDO

CYPRESS STATION Houston, Texas

FAMOUS DAVE'S RETAIL CENTER FOR SALE

APPROX. 26,196 SF OFFICE BUILDING

11.86 Acre Developer Opportunity Milton, FL

FAMILY DOLLAR - SINGLE TENANT NET LEASED

For Sale FREIHEIT VILLAGE LOT 2 - GREAT RESTAURANT PAD SITE. Lot 2 Freiheit Village New Braunfels, TX PROPERTY HIGHLIGHTS

507 CAMDEN AVENUE SALISBURY, MD Chris Davis Senior Advisor

ORLAND PARK RESTAURANT WITH REAL ESTATE

For Sale 9.5 ACRES ON FM 725 NEAR IH McQueeney Rd., New Braunfels, TX PROPERTY HIGHLIGHTS. Mike Norris Executive Director

1515 E CLEVELAND AVE.

POST FALLS MINI STORAGE

1418 W. BELMONT AVENUE, CHICAGO, ILLINOIS

WALNEY ROAD OFFICE BUILDING

For Sale FREIHEIT VILLAGE LOT 16 NEXT TO EVENT CENTER & TRU BY HILTON

13,412' SHOPPING CENTER NEXT TO WALMART

FORMER CAR WASH AND OPERATING USED AUTO SALES

Transcription:

I n v e s t m e n t O f f e r i n g B r o c h u r e #VALUE! #VALUE! #VALUE! 25 25 Property: Triple Crown Plaza 11100 SW 93rd Court Rd Prepared by: Shane Investment Property Group, LLC 5755 North Point Parkway Suite 266 Alpharetta, GA 30022 770.481.1960

Statement of Confidentiality Triple Crown Plaza & Disclaimer The Shane Investment Property Group, LLC. has been engaged as the exclusive agent and representative of the Owner. No contacts shall be made by any prospective purchaser or agents to the Owner, its executives, personnel or related entities. This Investment Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate discussions with any entity at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Investment Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Purchase Agreement on terms acceptable to the Owner, at Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agrees to release the Owner from any liability with respect hereto. The enclosed materials are being provided solely to facilitate the prospective purchaser s own due diligence for which the purchaser shall be fully and solely responsible. Neither the Shane Investment Property Group, LLC. nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied upon as a promise or representation as to the future performance of the Property. This Investment Offering Brochure may include certain statements and estimates by the Shane Investment Property Group, LLC. 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. Further, the Shane Investment Property Group, LLC. and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Investment Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Purchase Agreement between it and the Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to the Owner or the Shane Investment Property Group, LLC., nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Investment Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

Table of Contents Triple Crown Plaza Investment Overview Investment Summary Aerial Maps Photographs Site Plan Rental/Sales Comps Area Information Financial Overview Rent Roll Summary Financial Summary 1 2 Lease Overview Lease Abstracts 3 Maps Location Maps Traffic Count Map 4 Demographics 5

Investment Summary Triple Crown Plaza Investment Overview Triple Crown Plaza is an attractive, modern, and stabilized shopping center, located in a very nice area of Florida. In addition to being adjacent to a Wal-Mart Supercenter, the tenant mix is ideal for the area, which consists of a number of highend golf clubs and retirement communities. There are over 100,000 people living in the trade area, which has grown by 50% since 2000. Triple Crown Plaza has 10 tenants, and only 1 vacancy, thus showing the strength of the property and the area. In addition, 1/2 of the tenants have been at this property since it was constructed in 2006. The property has excellent visibility, and there are 32,500 cars passing every day. With tenants such as IHOP, Beef 'O' Brady's, AT&T, The UPS Store, and H&R Block, the center stays busy, benefiting all the tenants. u u u u u Adjacent to Extremely Busy 200k SF Wal-Mart Supercenter High Occupancy Shopping Center - 95% Occupied Strong Tenant Mix - 65% of the Center Are the Original Tenants Surrounded by Several Retirement & Country Club Communities 32,500 Cars Per Day On Highway 200 - High Visibility Price $4,940,000 Building Size 27,956 SF CAP Rate 9.20% Land Size 3.03 Acres Net Operating Income $454,626 Year Built 2006 Cash on Cash Return 14.31% Occupancy 94.65% Partial Tenant List Area Information The city of Ocala is located in Central Florida with easy access to Orlando, Tampa, and Jacksonville. The greater Ocala area has experienced explosive growth rates and has grown more than 150% since 1975. Marion County's low cost of living provides an abundance of discretionary income. The area is known for its equestrian industry and the county has more horses than any county in the world. Ocala's equestrian industry generates over $1 billion each year, earning Ocala the reputation of "The Horse Capital of the World." The city is also home to a large baby boomer population, as well as, many equestrian millionaires and celebrities. Surrounding the immediate area are several large planned residential communities. These include On Top of the World Communities (4,500+ homes) and Oak Run Country Club, a gated community with a 27-hole golf course. Area Retailers

Aerial Triple Crown Plaza 4940000 # ### 4435000 # # 25 25 $ - $ - ### 217537.6 ### # 172 158.6422

Aerial Map Triple Crown Plaza 4940000 # ### 4435000 # # 25 25 $ - $ - ### 217537.6 ### # 172 158.6422

Photographs Triple Crown Plaza

Photographs Triple Crown Plaza

Photographs Triple Crown Plaza

Photographs Triple Crown Plaza

Photographs Triple Crown Plaza Wal-Mart Supercenter Shadows Property Country Oaks - Bealls Anchored Center Shadows Property Oakridge Plaza Shadows Property Munroe Regional Medical Center Across From Property Massive Retirement Community Nearby to Property Oak Run Country Club Adjacent to Property

Vacant Lucky Flamingo Internet Cafe Site Plan Triple Crown Plaza 4940000 # ### 4435000 # # 25 25 $ - $ - ### 217537.6 ### Tiki Island Yogurt

Rental Comps Triple Crown Plaza 1 2 1 Campus Center - 16,764 SF Asking Rate: $16/SF Major Tenants: Verizon, Campus Bank 3 2 3 Mercantile Center - 10,755 SF Asking Rate: $16/SF Major Tenants: TD Bank, Sleep Center Oakridge Plaza - 17,400 SF Asking Rate: $18/SF Major Tenants: Domino's, Quiznos Sub 4 4 Country Oaks - 85,487 SF Asking Rate: $17/SF Major Tenants: Dollar Tree, Bealls

Sales Comparable Triple Crown Plaza North Tampa Shores - Oldsmar (Tampa), FL Closing Price CAP NOI $5,150,000 9.23% $475,335 Bldg. Sq.Ft. 31,022 $/Sq.Ft. $166 Occupancy 92% Year Built 2007 Date Closed March 1, 2013 Major Tenants AT&T, FedEx Office, Moe's

Sales Comparable Triple Crown Plaza Panola Centre - Lithonia GA Contract Price CAP NOI $4,372,000 8.75% - 8.90% $382,545 Bldg. Sq.Ft. 17,804 $/Sq.Ft. $246 Occupancy 100% Year Built Date Closed Major Tenants 2002 Under Contract Verizon, Smoothie King, Subway

Area Information Triple Crown Plaza Ocala - Marion County The city of Ocala is located in Central Florida with easy access to Orlando, Tampa, and Jacksonville. The greater Ocala area has experienced explosive growth rates and has grown more than 150% since 1975. Marion County's low cost of living provides an abundance of discretionary income. Marion County ranks among the 20 most populous counties in Florida and is home to 338,000+ residents. The county is also one of Florida's fastest growing counties. Ocala has a diverse economic base derived from manufacturing, distribution, construction, agriculture and hospitality, as well as being a regional center for healthcare and retail. The city is also home to a large baby boomer population, as well as, many equestrian millionaires and celebrities. High Growth The dynamic market of greater Ocala has experienced high population growth. The base population in the trade area has more than doubled in only 7 years to over 542,000 people. Horse Capital of the World The area is known for its equestrian industry and the county has more horses than any county in the world. Ocala's equestrian industry generates over $1 billion each year, earning Ocala the reputation of "The Horse Capital of the World." The city hosts one of the largest horse shows in the country, "Horses in the Sun," which lasts almost two months and brings in millions of dollars to the local economy each year. Retirement Population Ocala has a large retirement population with several 55+ adult communities. The baby boomers provide the area with wealth and discretionary income. Demographics do not include the hidden wealth of the large baby boomer population in this region. Gated Communities A growing trend in housing in this area is toward attractively designed gated communities and country clubs. These areas feature luxurious, yet surprisingly affordable custom-built homes. Communities surrounding the subject property include Oak Run Country Club (3,400 units), On Top of the World Communities (4,500+ units), and Marion Oaks (28,000 units). The popular On Top of the World Communities is on a 21 square mile development just north of the subject property. Munroe Regional Medical Center Across from the property is Munroe Regional Medical Center and the Medical Park at Timber Ridge. This is the state of Florida's first free-standing emergency department. The emergency center emphasizes convenience, efficiency, and a rapid, attentive response to patient needs. Munroe Regional Medical is open 24 hours with a specialized emergency team. The center also serves as an award winning Nursing & Rehabilitation Center.

Rent Roll Summary Triple Crown Plaza Unit Tenant Square Footage % of Center Lease Term Start Expiration Annual Base Rent Annual Rent/Sq. Sales Estimated Ft. CAM Tax Recapture Annual Increases Options 1 2 3 4 5 & 6 7 & 8 9 10 11 & 12 13 & 14 15 IHOP 3,588 12.83% 4/20/06 5/30/16 $94,794 $26.42 $ 19,734 $ 6,872 $ 26,606 2% 2 x 5 Tiki Island Yogurt 1,200 4.29% 4/1/13 3/31/16 $18,600 $15.50 $ 6,000 $ 1,476 $ 7,476 $0.75/SF Year 2&3 Dr. Snooze 3,837 13.73% 3/15/08 12/31/17 $44,125 $11.50 $ 20,049 $ 3,851 $ 23,899 $1.00/SF Year 2 3% Years 3-5 Vacant 1,496 5.35% $25,432 $17.00 $ 7,480 $ 1,870 $ 9,350 AT&T 2,757 9.86% 1/20/06 11/30/13 $49,968 $18.12 $ 15,268 $ 3,914 $ 19,182 3% 3 x 1 Amscot 2,880 10.30% 6/11/13 6/10/18 $43,200 $15.00 $ 14,400 $ 3,456 $ 17,856 Yr 2 $0.50, 2.5% Yr 3-5 3 x 5 H&R Block 1,440 5.15% 1/1/10 4/30/14 $28,363 $19.70 $ 7,920 $ 2,127 $ 10,047 3% 1 x 3 The UPS Store 1,440 5.15% 1/20/06 5/31/18 $21,600 $15.00 $ 7,920 $ 1,771 $ 9,691 $1.00/SF 2 x 3 Beef 'O' Brady's 3,006 10.75% 3/1/09 12/28/13 $57,114 $19.00 $ 15,030 $ 4,329 $ 19,359 3% 2 x 5 Lucky Flamingo Internet Café 2,891 10.34% 2/1/13 4/30/16 $46,080 $15.94 $ 14,400 $ 3,629 $ 18,029 $0.50/SF 3 x 3 Lange Eye Care 3,421 12.24% 1/20/06 8/31/13 $62,908 $18.39 $ 17,105 $ 4,801 $ 21,906 2% 1 x 3 * IHOP - rent roll above shows the rental increase on 4/20/2013 * Amscot - rent starts on 6/11/13, 120 days after lease signed * H&R Block - rent roll above shows the rental increase on 5/1/2013 * Lucky Flamingo - rent starts 5/1/2013 after the 3 months of free rent 27,956 $492,185 $183,401 Occupied Vacant 94.65% 26,460 94.83% $466,753 $17.64 $174,051 5.35% 1,496 5.17% $25,432 $17.00 $9,350

Financial Summary Triple Crown Plaza F i n a n c i a l B u i l d i n g Price: $4,940,000 Year Built: 2006 Down Payment: 30.00% $1,482,000 Building Square Feet: 27,956 Current CAP: 9.20% Land Parcel (Acres): 3.03 Cost per Gross Square Foot: Annual Rent per Square Foot: $176.71 $17.61 L o a n I n f o r m a t i o n First Loan Amount: Interest Rate: 5.00% Amortization: 25 Term: 10 Monthly Payment: $3,458,000 $20,215 T e n a n t s $ - * Please Note: Loan above is for cash flow analysis only. Buyer may obtain new loan or none at all. R e t u r n E x p e n s e s Scheduled Gross Income Plus Overage Plus Recapture Total Income Less Vacancy Gross Operating Income Less Expenses Net Operating Income Loan Payments Pre Tax Cash Flow Plus Principal Reduction Total Return Before Taxes Current Rents (2013 Budget) $492,185 Taxes $ 46,800 - Insurance 17,760 183,401 Maintenance 6,600 $ 675,586 Utilities 16,200 34,782 5.1% Management 5.0% 24,609 $ 640,804 Landscaping/Sweeping 19,140 186,178 Trash 10,200 $ 454,626 9.20% Reserves ($0.15) 4,193 242,580 Sales Tax 38,095 $ 212,046 14.31% Association / Fire Alarm 2,580 71,301 - - - $ 283,347 19.1% Total Expenses $ 186,178 Per Rentable Square Foot: $6.66

Lease Abstract Triple Crown Plaza Tenant Size Lease Commencement Rent Commencement Termination Date Term Security Deposit Current Rent/SF Rent Schedule Options Landlord Maintenance HVAC Insurance Taxes Utilities CAM IHOP - (Sunshine Restaurant Partners) www.ihop.com IHOP is a restaurant chain founded in 1958 that specializes in breakfast foods and more. It also serves a menu of lunch and dinner items. The company is owned by DineEquity, with more than 99% of restaurants run by independent franchisees. The chain has more than 1,530 restaurants in all 50 states, Canada, Mexico, Guatemala, Puerto Rico, and the U.S. Virgin Islands. This location is operated by Sunshine Restaurant Partners, a 152+ unit franchisee. 3,588 SF 10/5/2005 4/20/2006 5/30/2016 10 Year Lease with 2 Five Year Options None $26.42 Year Monthly Base Rent Annual Base Rent Current $7,899.51 $94,794 Year 9 $8,057.50 $96,690 Year 10 $8,218.65 $98,624 2 x 5 Year Options with 2% Annual Increases Landlord will maintain, repair, restore, repaint, and replace the Common Areas of the Shopping Center, including without limitation landscaping, asphalt, the corridors and restrooms, the windows in the Common Areas, and the mechanical, plumbing, and electrical equipment serving the Common Areas, in reasonably good order and condition. Tenant is responsible for maintenance and repair of HVAC. Tenant pays it's pro-rata share of Landlord's Insurance Expense. Tenant pays it's pro-rata share of Real Property Taxes. Tenant is responsible for all utilities. Tenant pays it's pro-rata share of Common Area Charges.

Lease Abstract Triple Crown Plaza Tenant Size Tiki Island Yogurt - (Christopher Peltier) Tiki Island Yogurt is a local yogurt shop. 1,200 SF Lease Commencement 1/10/2013 Rent Commencement Termination Date Term Security Deposit Current Rent/SF 4/1/2013 3/31/2016 3 Year Lease $2,173.00 $15.50 Rent Schedule Landlord Maintenance HVAC Insurance Taxes Utilities CAM Termination Year Monthly Base Rent Annual Base Rent 1 $1,550.00 $18,600 2 $1,625.00 $19,500 3 $1,700.00 $20,400 Lessor agrees to repair and maintain in good order and condition the roof, structural components and exterior walls of the Shopping Center, as well as the Common Areas. Tenant is responsible for maintenance and repair of HVAC. Tenant pays it's pro-rata share of Landlord's Insurance Expense. Tenant pays it's pro-rata share of Real Property Taxes. Tenant is responsible for all utilities. Tenant pays it's pro-rata share of Common Area Charges. If Tenant's business after 12 months is failing, Tenant has the option to terminate the Lease upon payment of a penalty of 4 month's rent.

Lease Abstract Triple Crown Plaza Tenant Size Dr. Snooze - (Satesh Ramsaran) www.drsnooze.com Dr. Snooze is a local mattress store that has been operating at this location since 2008. This is their only location. 3,837 SF Lease Commencement 12/13/2007 Rent Commencement Termination Date Term Security Deposit Current Rent/SF Rent Schedule Landlord Maintenance HVAC Insurance Taxes Utilities CAM 3/15/2008 12/31/2017 5 Year Lease $5,668.73 $11.50 Year Monthly Base Rent Annual Base Rent Current $3,677.12 $44,125 2 $3,996.88 $47,963 3 $4,116.78 $49,401 4 $4,240.29 $50,883 5 $4,367.49 $52,410 Lessor agrees to repair and maintain in good order and condition the roof, structural components and exterior walls of the Shopping Center, as well as the Common Areas. Tenant is responsible for maintenance and repair of HVAC. Tenant pays it's pro-rata share of Landlord's Insurance Expense. Tenant pays it's pro-rata share of Real Property Taxes. Tenant is responsible for all utilities. Tenant pays it's pro-rata share of Common Area Charges.

Lease Abstract Triple Crown Plaza Tenant Size AT&T - (New Cingular Wireless PCS, LLC) www.att.com AT&T serves as a retail store for mobile and wireless phones and tablets and related services. AT&T has the nation's largest 4G network and is the leading U.S. provider of local and long distance voice services. 2,757 SF Lease Commencement 5/1/2005 Rent Commencement Termination Date Term Security Deposit Current Rent/SF Rent Schedule 1/20/2006 11/30/2013 1 Year Lease (5th Extended Term) with 3 One Year Options None $18.12 Year Monthly Base Rent Annual Base Rent Current $4,164.00 $49,968 Option 1 Option 1 $4,247.28 $50,967 Option 2 Option 2 $4,332.87 $51,994 Option 3 Option 3 $4,418.47 $53,022 Landlord Maintenance HVAC Insurance Taxes Utilities CAM Landlord will maintain, repair, restore, repaint, and replace the Common Areas of the Shopping Center, including without limitation landscaping, asphalt, the corridors and restrooms, the windows in the Common Areas, and the mechanical, plumbing, and electrical equipment serving the Common Areas, in reasonably good order and condition. Tenant is responsible for maintenance and repair of HVAC. Tenant pays it's pro-rata share of Landlord's Insurance Expense. Tenant pays it's pro-rata share of Real Property Taxes. Tenant is responsible for all utilities. Tenant pays it's pro-rata share of Common Area Charges.

Lease Abstract Triple Crown Plaza Tenant Size Amscot www.amscot.com Amscot Financial, established in 1989, has a strong regional presence with over 183 branch locations. Amscot provides a wide variety of financial services to its customers including check cashing, money orders, and cash advances. 2,880 SF Lease Commencement 1/30/2013 Rent Commencement Termination Date Term Security Deposit Current Rent/SF Rent Schedule Options Landlord Maintenance HVAC Insurance Taxes Utilities CAM 6/11/2013 6/10/2018 5 Year Lease with 3 Five Year Options None $15.00 Year Monthly Base Rent Annual Base Rent 1 $3,600.00 $43,200 2 $3,720.00 $44,640 3 $3,813.00 $45,756 4 $3,908.33 $46,900 5 $4,006.03 $48,072 3 x 5 Year Options with 2.5% Annual Increases Landlord shall maintain, repair, replace, restore, and repaint the Common Areas and keep them in good order and repair and in neat, clean and well maintained condition. Tenant is responsible for maintenance and repair of HVAC. Tenant pays it's pro-rata share of Landlord's Insurance Expense. Tenant pays it's pro-rata share of Real Property Taxes. Tenant is responsible for all utilities. Tenant pays it's pro-rata share of Common Area Charges.

Lease Abstract Triple Crown Plaza Tenant Size H&R Block www.hrblock.com H&R Block is one of the world's largest tax services providers, with more than 100,000 highly trained tax professionals and having prepared more than 550 million tax returns worldwide since 1955. 1,440 SF Lease Commencement 10/1/2009 Rent Commencement Termination Date Term Security Deposit Current Rent/SF Rent Schedule 1/1/2010 4/30/2014 5 Year Lease with 1 Three Year Option None $19.70 Year Monthly Base Rent Annual Base Rent Current $2,363.57 $28,363 Option 1 1 $2,434.48 $29,214 2 $2,507.51 $30,090 3 $2,582.74 $30,993 Landlord Maintenance HVAC Insurance Taxes Utilities CAM Landlord shall make all repairs, replacements or improvements to the Shopping Center, Premises and appurtenances. Tenant is responsible for maintenance and repair of HVAC. Tenant pays it's pro-rata share of Landlord's Insurance Expense. Tenant pays it's pro-rata share of Real Property Taxes. Tenant is responsible for all utilities. Tenant pays it's pro-rata share of Common Area Charges.

Lease Abstract Triple Crown Plaza Tenant Size The UPS Store - (Mr. & Mrs. Gen-Hwa Lin) www.theupsstore.com There are nearly 4,700 independently owned The UPS Stores in the United States, Canada, and Puerto Rico that provide a variety of shipping, freight, postal, digital online printing, and document and business services. This location is operated by a franchisee. 1,440 SF Lease Commencement 4/1/2005 Rent Commencement Termination Date Term Security Deposit Current Rent/SF Rent Schedule Options Landlord Maintenance HVAC Insurance Taxes Utilities CAM 1/20/2006 5/31/2018 5 Year Lease with 2 Three Year Options $3,067.20 $15.00 Year Monthly Base Rent Annual Base Rent Current $1,800.00 $21,600 2 $1,920.00 $23,040 3 $2,040.00 $24,480 4 $2,160.00 $25,920 5 $2,280.00 $27,360 2 x 3 Year Options with 4% Increases Lessor agrees to repair and maintain in good order and condition the roof, structural components and exterior walls of the Shopping Center, as well as the Common Areas. Tenant is responsible for maintenance and repair of HVAC. Tenant pays it's pro-rata share of Landlord's Insurance Expense. Tenant pays it's pro-rata share of Real Property Taxes. Tenant is responsible for all utilities. Tenant pays it's pro-rata share of Common Area Charges.

Lease Abstract Triple Crown Plaza Tenant Size Lease Commencement Rent Commencement Termination Date Term Security Deposit Current Rent/SF Rent Schedule Options HVAC Insurance Taxes Utilities CAM Beef 'O' Brady's - (D & R Sports Pub, LLC) www.beefobradys.com Founded in 1985 and based in Tampa, Florida, Beef 'O' Brady's is a chain of family sports pubs and restaurants with over 213 locations in 23 states. The menu features appetizers, chicken wings, hamburgers, sandwiches, salads, burritos and wraps. This location is operated by a franchisee. 3,006 SF 12/29/2008 3/1/2009 12/28/2013 5 Year Lease with 2 Five Year Options $6,000 $19.00 Year Monthly Base Rent Annual Base Rent Current $4,759.50 $57,114 2 x 5 Year Options with 3% Annual Increases Tenant is responsible for maintenance and repair of HVAC. Tenant pays it's pro-rata share of Landlord's Insurance Expense. Tenant pays it's pro-rata share of Real Property Taxes. Tenant is responsible for all utilities. Tenant pays it's pro-rata share of Common Area Charges.

Lease Abstract Triple Crown Plaza Tenant Size Lucky Flamingo Internet Café - (Ronald V. Sheffield, Jr.) Lucky Flamingo Internet Café is an internet sweepstakes game café. 2,891 SF Lease Commencement 1/24/2013 Rent Commencement Termination Date Term Security Deposit Current Rent/SF Rent Schedule Options Landlord Maintenance HVAC Insurance Taxes Utilities CAM 5/1/2013 4/30/2016 3 Year Lease with 3 Three Year Options $5,342.40 $15.94 Year Monthly Base Rent Annual Base Rent Current $3,840.00 $46,080 2 $3,960.00 $47,520 3 $4,080.00 $48,960 3 x 3 Year Options with 3% Increases Lessor agrees to repair and maintain in good order and condition the roof, structural components and exterior walls of the Shopping Center, as well as the Common Areas. Tenant is responsible for maintenance and repair of HVAC. Tenant pays it's pro-rata share of Landlord's Insurance Expense. Tenant pays it's pro-rata share of Real Property Taxes. Tenant is responsible for all utilities. Tenant pays it's pro-rata share of Common Area Charges.

Lease Abstract Triple Crown Plaza Tenant Size Lange Eye Care - (Dr. Michael Lange) www.langeeyecare.com Lange Eye Care is operated by Dr. Michael Lange, an Ocala optometrist who started Lange Eye Care and Associates in 1993. Lange Eye Care provides optical, surgical, medical and nutritional services for patients. The company has nine locations in Gainesville, Williston, Inverness, West Ocala, Ocala, Summerfield, The Villages and Clearwater. 3,421 SF Lease Commencement 9/15/2005 Rent Commencement Termination Date Term Security Deposit Current Rent/SF Rent Schedule Option 1/20/2006 8/31/2013 3 Year Lease with 1 Three Year Option None $18.39 Year Monthly Base Rent Annual Base Rent Current $5,242.36 $62,908 1 x 3 Year Option, Rent to be Determined at That Time Landlord Maintenance HVAC Insurance Taxes Utilities CAM Landlord will maintain, repair, restore, repaint, and replace the Common Areas of the Shopping Center, including without limitation landscaping, asphalt, the corridors and restrooms, the windows in the Common Areas, and the mechanical, plumbing, and electrical equipment serving the Common Areas, in reasonably good order and condition. Tenant is responsible for maintenance and repair of HVAC. Tenant pays it's pro-rata share of Landlord's Insurance Expense. Tenant pays it's pro-rata share of Real Property Taxes. Tenant is responsible for all utilities. Tenant pays it's pro-rata share of Common Area Charges.

Location Map Triple Crown Plaza 4940000 # ### 4435000 # # 25 25 $ - $ - ### 217537.6 ### # 172 158.6422

Location Maps Triple Crown Plaza

Traffic Count Map Triple Crown Plaza 4940000 # ### 4435000 32,500 Cars Per Day # # 25 25 $ - $ - ### 217537.6 ### 19,300 Cars Per Day # 172 158.6422

Demographics Triple Crown Plaza 11100 SW 93rd Court Rd, Three Miles Five Miles Ten Miles Population 2012 Population 18,040 35,397 100,276 2000 Population 14,229 22,671 66,861 5 Year Projected 18,156 35,485 102,500 Growth 2000 to 2012 26.78% 56.13% 49.98% Projected Growth 2012 to 2017 0.64% 0.25% 2.22% Households 2012 Households 9,968 17,248 43,402 % Owner Occupied 77.90% 75.90% 64.80% % Renter Occupi 8.70% 10.30% 19.90% 2000 Households 7,763 11,604 29,603 5 Year Projected 10,093 17,344 44,459 Growth 2000 to 2012 28.40% 48.64% 46.61% Projected Growth 2012 to 2017 1.25% 0.56% 2.44% Income 2012 Average Household Income $43,896 $46,718 $50,067 2000 Average Household Income $41,661 $40,956 $43,757 5 Year Projected $49,383 $52,478 $56,623 Growth 2000 to 2012 5.09% 12.33% 12.60% Projected Growth 2012 to 2017 12.50% 12.33% 13.09% Race White 91.60% 86.20% 80.20% Black 4.80% 8.00% 10.80% American Indian/Eskimo 0.20% 0.30% 0.40% Asian/Pacific Islander 1.10% 1.80% 2.20% Other Race 1.00% 2.00% 3.90% Hispanic Ethnicity 6.00% 10.00% 15.80% Not of Hispanic Ethnicity 94.00% 90.00% 84.20% Notes Note: Population: Households: Income: The Household income for the large retirement population is not included in the demographics. This is hidden income. 10 mile population is 100,276, nearly a 50% increase since 2000 Households within 3 miles have increased over 28% since 2000 More than 12% projected increase in average HH income within 5 years