Payless ShoeSource w/ additional land for 3,000 sf building

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1 Payless ShoeSource w/ additional land for 3,000 sf building 2061 South US Highway 1, Fort Pierce, FL Phone: Fax: Price: $1,050,000 l NOI: $82,620 CAP: 7.87% (including pad) 15% rent escalations Pad to a Kmart and Winn Dixie anchored center New traffic light is being installed 100 north by Burger King Key retail intersection in Ft. Pierce (US 1 and Virginia Ave) with 64,089 VPD Store is performing well according to management Land that can accommodate a 3,000 sf building is included in sale Payless ShoeSource has been operating at this location for 22 years 4 miles from I-95 and Florida s Turnpike 2 miles from Indian River State College with 5,000 students 1.38 miles from Fort Pierce City Hall and the new federal courthouse

2 Whisper Payless ShoeSource Property Investment Line Overview Map PROPERTY OVERVIEW: EXP Realty Advisors exclusively presents for sale this 3,060 sf building which is leased to Payless ShoeSource, situated on.70 acres which includes an undeveloped pad site that can accommodate an additional 3,000 sf building. Payless ShoeSource has been operating at this location for 22 years, and the store was renovated 4 years ago and is performing well. The property is a pad to a 210,460 sf community shopping center anchored by Kmart and Winn Dixie. There are 15% rental escalations every 5 years. It is located at the corner of US Highway 1 and Virginia Avenue which is considered the key retail intersection in Ft. Pierce, Florida with combined traffic of 64,089 VPD and excellent exposure. There is a new traffic light being installed at the center adjacent to Burger King. The centers tenants include Little Caesars, Aaron Rents, Advance America, and Family Dollar in addition to Kmart and Winn-Dixie. Adjacent to the Payless building, and included in the sale, is additional land that can accommodate a 3,000 +/- sf building. The land is zoned C-3, General Commercial. The property is 2 miles from Indian River State College, and 4 miles from I-95 and Florida s Turnpike. Downtown Fort Pierce, City Hall, and the new 123,400 sf Federal Courthouse are also in the area. Indian River State College has an enrollment of over 5,000 students. The center will be receiving new landscaping in LOCATION OVERVIEW: Fort Pierce, often called the Sunrise City, has been the hub of St. Lucie County, Florida for over 100 years. The city is home to approximately 41,000 residents today and encompasses approximately 29 square miles. Fort Pierce is home to educational and research facilities, like the top-ranked Indian River State College, Smithsonian Marine Station, Manatee Observation and Education Center and Harbor Branch Oceanographic Institution at Florida Atlantic University. LEASE SUMMARY: Current Rent: $82,620 (1 st Option Period) Expiration Date: 9/30/2016 Options: 3 5 Year Options Remaining Options Escalations: 15% Every 5 Years Lease Type: Absolute NNN - Tenant pays insurance and real estate taxes directly. TENANT OVERVIEW: Payless ShoeSource Payless ShoeSource helps footwear enthusiasts worldwide shop like Imelda Marcos. One of the top shoe retailers in the world, Payless ShoeSource operates about 4,100 stores throughout the Americas and an online store. It also has about 175 franchised stores located primarily in Asia, Eastern Europe, and the Middle East. Payless shops offer dress, athletic, and casual shoes; slippers; boots; and sandals for men, women, and kids. The discount shoe chain targets women age 18 to 49. Its North American stores stock about 6,600 pairs of shoes in 500 styles. Payless ShoeSource is owned by Payless Holdings. INVESTMENT SUMMARY Price: $1,050,000 (including undeveloped pad) CAP Rate: 7.87% NNN Rent: $82,620 Bld. Sq Ft: Land Size: Lease Type: 3,060 sf plus land to develop an additional 3,000 sf building.70 acres Triple Net Lease

3 Whisper PAYLESS Valley SHOES Ranch Area Property Floor History Plan Line Map Undeveloped Pad (included in sale) Can build 3,000 sf +/- building

4 Payless ShoeSource Whisper Labeled Aerial Property Area History Line Map Patuxent Naval Air Station New Traffic Light Being Installed

5 Whisper Payless ShoeSource Property Location Line Map Map Fort Pierce City Hall & New Federal Courthouse

6 Whisper PAYLESS Valley SHOES Ranch Property Location Line Map Map

7 Whisper Payless ShoeSource Property Demographic Line Data Map Radius 3 Mile 5 Mile 10 Mile Population: 2016 Projection 45,444 69, , Estimate 43,328 66, , Census 43,074 65, ,563 Growth % 4.50% 3.80% Growth % 0.80% 0.50% 2011 Population By Hispanic Origin 10,819 13,104 28, Population by Race: White 20,020 34, ,908 Black or African American 16,558 23,320 36,371 American Indian and Alaska Native Asian ,275 Native Hawaiian and Pacific Islander Other Race 4,905 5,601 8,977 Two or More Races 1,214 1,657 4,145 Households: 2016 Projection 16,709 26,149 71, Estimate 16,075 25,143 68, Census 16,010 24,961 68,576 Growth % 4.00% 3.20% Growth % 0.70% 0.50% Owner Occupied 7,809 14,273 47,549 Renter Occupied 8,266 10,870 21, Avg Household Income $43,540 $45,729 $52, Med Household Income $29,846 $32,143 $38, Per Capita Income $16,549 $17,866 $21, Households by Household Inc: Income Less than $15,000 3,930 5,585 10,797 Income $15,000 - $24,999 2,862 4,245 10,029 Income $25,000 - $34,999 2,221 3,553 9,555 Income $35,000 - $49,999 2,653 4,161 12,665 Income $50,000 - $74,999 2,139 3,646 12,012 Income $75,000 - $99,999 1,071 1,882 6,675 Income $100,000 - $149, ,289 4,730 Income $150,000 - $199, ,323 Income $200, ,140 Contact Us EXP Realty Advisors 118 East 28 th Street Suite #901 New York, NY Phone: (212) Fax: (212) Our Team Robert P. James President Phone: (212) rob@exp1031.com Daniel de Sa Director of Sales Phone: (212) dan@exp1031.com DEMOGRAPHIC DATA