LONG TERM SINGLE TENANT NET LEASE PROPERTY TRUGREEN AMERICA S #1 LAWN CARE COMPANY ORLANDO, FLORIDA

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1 LONG TERM SINGLE TENANT NET LEASE PROPERTY TRUGREEN AMERICA S #1 LAWN CARE COMPANY ORLANDO, FLORIDA SINGLE TENANT INVESTMENT PROPERTY Actual Property FOR MORE INFORMATION CONTACT: Mark Drazek Senior Vice President Net Lease Properties mark.drazek@cbre.com Ray Romano First Vice President Net Lease Properties ray.romano@cbre.com David Murphy Senior Vice President Industrial Properties david.murphy@cbre.com CBRE 200 S. Orange Avenue Suite 2100 Orlando, FL CBRE, Inc. Licensed Real Estate Broker

2 CONFIDENTIAL MEMORANDUM & DISCLAIMER This Offering Memorandum was prepared by CBRE, Inc. ( Broker ) solely for the use of prospective purchasers of TruGreen 3801 Center Loop, Orlando, Florida (the Property ). Neither the Broker nor the owner of the Property ( Owner ) makes any representation or warranty, expressed or implied, as to the completeness or accuracy of the material contained in the Offering Memorandum. Prospective purchasers of the Property are advised that changes may have occurred in the physical or financial condition of the Property since the time this Offering Memorandum or the financial statements therein were made by Broker and not by Owner and are based upon assumptions or events beyond the control of Broker and Owner, and therefore may be subject to variation. Other than historical revenue and operating expense figures for the Property, Owner has not, and will not, provide Broker or any prospective purchaser with any income or expense figures, budgets, or projections regarding the Property. Prospective purchasers of the Property are advised and encouraged to conduct their own comprehensive review and analysis of the Property. The Offering Memorandum is a solicitation of interest only and is not an offer to sell the Property. The Owner and Broker expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and expressly reserve the right at their sole discretion, to terminate discussions with any entity at any time with or without notice. The owner shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer for the Property is approved by owner pursuant to its Finance Committee authorities and the signature of the Vice President or Owner is affixed to a Real Estate Purchase Agreement prepared by Owner. This Offering Memorandum is confidential. By accepting the Offering Memorandum, you agree (i) that you will hold and treat the Offering Memorandum and its contents in the strictest of confidence, (ii) that you will not photocopy or duplicate any part of the Offering Memorandum, (iii) that you will not disclose the Offering Memorandum or any of its contents to any other entity without the prior written authorization of the Owner, and (iv) that you will not use the Offering Memorandum in any fashion or manner detrimental to the Owner or Broker CBRE, Inc. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. Licensed Real Estate Broker. 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. Disclaimer

3 EXECUTIVE SUMMARY CBRE is pleased to present this net leased single tenant flex property in Orlando that is 100% occupied by Tru- Green. With a 40-year history in the lawn care business, TruGreen is positioned as the nation s largest lawn care company with approximately $900 million in annual sales, 250 TruGreen branches in the United States and Canada (including about 50 franchise locations),10,000 associates working for them and serving approximately 2 million customers across the United States with lawn, tree and shrub care. INVESTMENT HIGHLIGHTS: Strong national tenant. TruGreen is America s #1 lawn care company and the official lawn care provider of the PGA of America. Corporately leased facility Long term tenancy by tenant since 1995 Long term lease and commitment to location Tenant recently extended for 10 more years Highly sought after industrial location No landlord management obligations other than roof and structure No debt to assume Florida has NO STATE INCOME TAX Price: $2,570,000 NOI: $199,200 Cap Rate: 7.75% Tenant: TruGreen (Corporate) Lease Term: 10 Years Options: (1) 10-year option Landlord Obligations: Roof and structure only Building Size: 16,000 sq. ft. (approximately 6,000 sq. ft. office and 10,000 sq. ft. service area) Land Size: 2.2 acres Year Built: 1994 Ceiling Height: Parking: 101 spaces (6.3 spaces per 1,000 sq. ft.) Zoning: I-P/W (City of Orlando) Executive Summary 1

4 PROPERTY PHOTOGRAPHS Property Photographs 2

5 PROPERTY PHOTOGRAPHS Property Photographs 3

6 PROPERTY PHOTOGRAPHS Rear Property Photographs Side 4

7 AERIAL PHOTOGRAPH N John Young Pkwy WALMART RESTAURANT DEPOT CRYSTAL SPRINGS SUBJECT FLORIDA DISTRIBUTING CO./ REYES HOLDINGS Aerial Photograph Shader Rd 5

8 AERIAL PHOTOGRAPHS N Orange Blossom Trl John Young Pkwy SUBJECT CRYSTAL SPRINGS Silver Star Rd Shader Rd FLORIDA DISTRIBUTING CO./ REYES HOLDINGS Aerial Photographs 6

9 AERIAL PHOTOGRAPHS N John Young Pkwy Orange Blossom Trl SUBJECT Shader Rd FLORIDA DISTRIBUTING CO./ REYES HOLDINGS CRYSTAL SPRINGS Aerial Photographs 7

10 FLOOR PLAN Floor Plan 8

11 PROPERTY LOCATOR MAPS Property Locator Maps 9

12 PROPERTY LOCATOR MAPS Property Locator Maps 10

13 PROPERTY LOCATOR MAPS Property Locator Maps 11

14 DEMOGRAPHICS 1 mile radius 3 mile radius 5 mile radius Demographics 2014 Estimated Population 2,933 90, , Projected Population 3,041 94, , Census Population 2,860 88, , Census Population 3,231 92, ,464 Growth % 2.88% 4.38% Growth % 3.99% 5.42% 2014 Estimated Households 1,154 34, , Est. Average Household Income $41,180 $47,236 $52, Prj. Average Household Income $42,491 $48,267 $53, Cen. Avg. Household Income $42,587 $45,540 $50, Est. Average Household Size Est. Median Household Income $32,898 $34,699 $37, Prj. Median Household Income $34,135 $35,139 $37, Cen. Median Household Income $34,128 $35,182 $37, Estimated Median Age Estimated Average Age Estimated Males 1,419 43, ,787 - Males Median Age Males Average Age Estimated Females 1,514 47, ,276 - Females Median Age Females Average Age Estimated Population by Race and Origin 2,933 90, ,063 - White Population , ,770 - Black Population 1,821 46, ,548 - Asian Population 54 2,356 8,295 - Pacific Islander Population American Indian and Alaska Native ,080 - Other Race Population 149 3,923 11,523 - Two or More Races Population 78 2,970 8,669 - Hispanic Population ,573 36,705 - White Non-Hispanic Population ,273 91, Est. Median Housing Value $117,621 $122,139 $135, Est. Average Housing Value $146,092 $155,867 $178,364 Active Postal Delivery Counts 1,251 34, ,852 Possible Postal Delivery Counts 1,398 37, ,581 Employees 11,271 55, ,730 Establishments 617 5,803 23,444 12

15 TENANT INFORMATION TruGreen TruGreen is the nation s largest lawn care company, serving approximately 2 million residential and commercial customers across the United States with lawn, tree and shrub care. As the industry leader, TruGreen continues to pioneer the development of new technology for lawn care and devotes substantial resources to evaluate new products and equipment. The company is committed to responsible lawn care, including offering and promoting the use of natural services and sustainable practices. Today, there are approximately 250 TruGreen branches in the United States and Canada, including about 50 franchise locations. Tenant Information 13

16 LONG TERM SINGLE TENANT NET LEASE PROPERTY TRUGREEN AMERICA S #1 LAWN CARE COMPANY ORLANDO, FLORIDA SINGLE TENANT INVESTMENT PROPERTY FOR MORE INFORMATION CONTACT: Mark Drazek Senior Vice President Net Lease Properties mark.drazek@cbre.com Ray Romano First Vice President Net Lease Properties ray.romano@cbre.com David Murphy Senior Vice President Industrial Properties david.murphy@cbre.com CBRE 200 S. Orange Avenue Suite 2100 Orlando, FL CBRE, Inc. Licensed Real Estate Broker