FOR SALE Former Bank Branch-8615 Collier Blvd.

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FOR SALE Former Bank Branch-8615 Collier Blvd. NAPLES, FLORIDA 34114 PRESENTED BY Paul Rutledge First Vice President +1 813 273 8471 +1 941 228 2198 cell paul.rutledge@cbre.com Kelsey Cansler Sales Associate +1 813 273 8426 +1 813 843 2628 cell kelsey.cansler@cbre.com CBRE, Inc. Licensed Real Estate Broker

AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT CBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an Affiliate ) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the Property ) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum. This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property. This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the Owner ), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner. Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property. The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner s obligations therein have been satisfied or waived. By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc. 2017 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

EXECUTIVE SUMMARY TABLE OF CONTENTS Executive Summary 4 Property Facts...4 Property Summary... 6 Property Description... 6 Population Density Map... 7 Demographic Heat Map...8 Area Retailers... 9 Market Statistics... 10-11 Strengths & Opportunities... 12 Demographics...13 Paul Rutledge First Vice President +1 813 273 8471 +1 941 228 2198 cell paul.rutledge@cbre.com Kelsey Cansler Sales Associate +1 813 273 8426 +1 813 843 2628 cell kelsey.cansler@cbre.com

EXECUTIVE SUMMARY Introduction CBRE is pleased to offer for sale a ±3,252 SF vacant bank branch building and property located at 8615 Collier Boulevard in Naples, FL. The property is being marketed as a vacant building for a potential owner-occupant or an investor with an alternative use Located at an outparcel to Naples Lakes Village Center - a Publix anchored shopping center Located at a signalized intersection on Collier Blvd. & Rattlesnake Hammock Road. BANK BUILDING PROPERTY FACTS Address: 8615 Collier Blvd., Naples, FL 34114 Building Size (GLA): ±3,252 SF with 2 drive-thru lanes Year Built: 2004 Land Area: ±0.72 Acres Parking: ±24 spaces Zoning: PUD - Naples Lakes Country Club Asking Price: $1,250,000 Easy access and excellent visibility Adequate parking for various uses Two drive-thru lanes Restriction against use as a financial institution for 2 years Subject to Declaration of Covenants, Conditions, Restrictions and Easements for Naples Lakes Commercial Property Owner s Association (OR 2859 P6:1004). 4

PROPERTY SUMMARY

PROPERTY DESCRIPTION ADDRESS: 8615 Collier Blvd., Naples, FL 34114 LOCATION: BUILDING OWNERSHIP: BUILDING SIZE: PROPERTY DESCRIPTION: LAND AREA: Located in Naples, Florida, at the intersection of Collier Blvd. & Rattlesnake Hammock Road Wells Fargo Bank, N.A. ±3,252 SF - VACANT Rattlesnake Hammock consists of a free-standing building of 3,252 square feet. 36,363.2 square feet or ±0.72 AC SUBJECT PROPERTY YEAR BUILT: 2004 PARKING: ZONING: TRAFFIC: ±24 parking spaces PUD - Naples Lakes Village Center Collier - 32,000 AADT Rattlesnake Hammock - 14,700 AADT CONDITIONS: Buyer to analyze and determine through investigaation by professional services. May not be used as financial institution for 2 years. NO REPRESENTATIONS OR WARRANTIES BY SELLER. BUYER AND ITS PROFESSIONALS MUST DETERMINE COST FOR ASSOCIATION ASSESSMENTS, COSTS, TAXES, INSURANCE, AS MAY BE APPLICABLE. 6

WELLS FARGO - 8615 COLLIER BLVD., NAPLES SUBJECT PROPERTY property summary 7

8 SUBJECT PROPERTY

WELLS FARGO - 8615 COLLIER BLVD., NAPLES NAPLES NATIONAL GOLF CLUB NAPLES LAKES COUNTRY CLUB Subject Property PHYSICIANS REGIONAL MEDICAL CENTER property summary 9

Collier County VERY HIGH ECONOMIC VITALITY 354,203 Collier County Population 10.2% Population Growth 2010-2016 10.3% 2016-2021 Projected Growth COLLIER COUNTY JOB Y-O-Y CHANGE 1.5% APRIL 2017 UNEMPLOYMENT 3.6% PROJ. EMPLOYMENT GROWTH 2016-2024 13.9% 10

WELLS FARGO - 8615 COLLIER BLVD., NAPLES Naples ABSORPTION Naples has continued to exhibit strong fundamentals and remains a top tier retail market in the state. In 2016, from a net absorption perspective, the market remained relatively flat registering -9,361 sq. ft. at the close of the year. However, the market has already begun to rebound with YTD 2017 net absorption (17,154 sq. ft.) surpassing annual totals for 2015, 2012, 2010, 2008, and 2007 respectively. This 2017 net absorption was supported by a significant year-over-year increase in leasing activity in 2016 with many of these deals falling below the 2,500 sq. ft. range. VACANCY/RATES The vacancy rate for Naples has hovered near or below the 2% mark since 2013. In 2016 the rate closed out at 2.2% which is below pre-recession levels and 2017 has seen a greater drop with the YTD total reaching 1.8%. This scarcity of available space has proven to buoy rates as demonstrated by the 2016 average asking NNN rate of $30.00. In areas such as 5th Avenue South rates can climb as high as $75 per sq. ft. with many of the tenants being locally owned and operated businesses. RETAIL HIGHLIGHTS very active in the area, also plans to add 57 condos, a 51 room hotel, and three town homes at Third Avenue and Seventh Street. The other project under construction is the 4,000 sq. ft. Victoria Square at 1200 Central Ave. Expected to deliver in Q3 2017, the one-story building will have units ranging from 954 sq. ft. to 798 sq. ft. There are over 167,000 proposed projects in the Naples pipeline as well including the 70,000 sq. ft. Naples Square. The mixed use property is the largest of the planned projects and is being developed by the Ronto Group. Another project of note is the 26,000 sq. ft. neighborhood center at 560 9th St S. The space is expected to fetch up to $55 per sq. ft. TOP TIER RETAIL MARKET UNDER CONSTRUCTION/PROPOSED PROJECTS There are two projects currently under construction in the Naples area. The first and largest project being 465 5th Ave S. The mixed use project will include 11 luxury condominiums and street level retail. The developer, Phil McCabe, who has historically been PIPELINE PROJECTS property summary 11

STRENGTHS & OPPORTUNITIES STRENGTHS TAX APPRAISER MAP Improved site Existing building with drive-thru lanes Great traffic counts: Collier Blvd. AADT 32,000 Excellent national credit tenants Outparcel to Naples Lakes Village Center - a Publix anchored shopping center Signalized corner location OPPORTUNITIES Can be retrofitted for other preferred uses or used as is Large enough to accommodate a high quality national tenant Value growth in market 12

DEMOGRAPHICS WELLS FARGO - 8615 COLLIER BLVD., NAPLES 8615 COLLIER BLVD POPULATION 1 MILE 3 MILES 5 MILES 2016 Population - Current Year Estimate 1,834 25,867 84,596 2021 Population - Five Year Projection 2,081 29,473 94,156 2010 Population - Census 1,580 22,670 76,289 2000 Population - Census 546 15,912 60,480 2010-2016 Annual Population Growth Rate 2.41% 2.13% 1.67% 2016-2021 Annual Population Growth Rate 2.56% 2.64% 2.16% HOUSEHOLDS 2016 Households - Current Year Estimate 787 11,340 35,799 2021 Households - Five Year Projection 880 13,060 39,999 2010 Households - Census 682 9,856 32,316 2000 Households - Census 240 6,516 25,801 2010-2016 Annual Household Growth Rate 2.32% 2.27% 1.65% 2016-2021 Annual Household Growth Rate 2.26% 2.86% 2.24% 2016 Average Household Size 2.33 2.25 2.32 HOUSEHOLD INCOME 2016 Average Household Income $91,337 $74,304 $68,331 2021 Average Household Income $96,396 $79,714 $74,459 2016 Median Household Income $60,854 $52,732 $49,847 2021 Median Household Income $68,188 $57,769 $54,744 2016 Per Capita Income $43,350 $31,992 $29,538 2021 Per Capita Income $45,128 $34,524 $32,181 HOUSING UNITS 2016 Housing Units 1, 3 7 8 1 8, 8 9 3 5 3, 4 9 5 2016 Vacant Housing Units 591 42.9% 7,553 40.0% 17,696 33.1% 2016 Occupied Housing Units 787 57.1% 11,341 60.0% 35,799 66.9% 2016 Owner Occupied Housing Units 582 42.2% 7,569 40.1% 24,375 45.6% 2016 Renter Occupied Housing Units 205 14.9% 3,772 20.0% 11,424 21.4% property summary 13

FOR SALE Former Bank Branch-8615 Collier Blvd. NAPLES, FLORIDA 34114 CONTACT US Paul Rutledge First Vice President +1 813 273 8471 +1 941 228 2198 cell paul.rutledge@cbre.com Kelsey Cansler Sales Associate +1 813 273 8426 +1 813 843 2628 cell kelsey.cansler@cbre.com