Pdq Ft. Myers Offering Memorandum Presented By: Prime Freestanding Us 41 Opportunity 12499 South Cleveland Avenue • Ft

LOCATED IN FORT MYERS, FL

PDQ FT. MYERS OFFERING MEMORANDUM PRESENTED BY: PRIME FREESTANDING US 41 OPPORTUNITY 12499 SOUTH CLEVELAND AVENUE • FT. MYERS, FL 33907 CONTACT INFORMATION trinitycre.com MATT FREDRICKSON 9250 Corkscrew Rd • Suite 13 • Estero, FL 33928 Principal © 2019 Trinity Commercial Group 239.334.3040 This information is considered accurate, but not guaranteed. [email protected] EXECUTIVE SUMMARY PDQ FT. MYERS PROPERTY OVERVIEW BASE TERMREMAINING: NEXT RENTINCREASE: OWNERSHIP TYPE: BUILDING SIZE: ASKING PRICE: ANNUAL RENT: GUARANTEE: LEASE TYPE: YEAR BUILT: LOCATION: CAP RATE: ACREAGE: ADDRESS: NOI: 5.75% rent credit atclosing $192,000(March 2020) – Seller to provide $3,340,000 IN FORT MYERS,FL. AVE, JUST NORTH OFCOLLEGEPKWY THE EASTSIDEOFS.CLEVELAND THE SUBJECTSITEISLOCATED ON CORPORATE $192,000 INMARCH2020 $180,000 (ORIGINAL BASETERM15YEARS) 11 YEARS NNN 2015 1.31± AC 4,324± SF FEE SIMPLE(LANDANDBUILDING) FT. MYERS,FL33907 12499 SOUTHCLEVELANDAVENUE, SOUTHWEST, FLORIDA FORT MYERS, FLORIDA PAGE FIELD COMMONS (LESS THAN 2 MILES NORTH)

35,000± VPD COLLEGE PKWY 63,500± VPD

DANIELS PKWY SUMMARY PROFILE 2000-2010 Census, 2018 Estimates with 2023 Projections Calculated using Weighted Block Centroid from Block Groups

Lat/Lon: 26.5612/-81.8712

12499 S Cleveland Ave 1 mi radius 3 mi radius 5 mi radius Fort Myers, FL 33907

2018 Estimated Population 0 T 15,011 64,998 146,194 2023 Projected Population 0 T 16,405 71,241 160,591 2010 Census Population 0 T 12,645 55,940 120,519 2000 Census Population 0 T 13,855 51,224 100,654

Projected Annual Growth 2018 to 2023 - 1.9% 1.9% 2.0%

POPULATION Historical Annual Growth 2000 to 2018 - 0.5% 1.5% 2.5%

2018 Median Age 43.3 47.5 47.6

2018 Estimated Households 0 T 6,892 31,346 67,147 2023 Projected Households 0 T 7,184 32,674 70,167 2010 Census Households 0 T 5,826 27,057 55,701 2000 Census Households 0 T 6,413 23,925 45,650

Projected Annual Growth 2018 to 2023 - 0.8% 0.8% 0.9% HOUSEHOLDS Historical Annual Growth 2000 to 2018 - 0.4% 1.7% 2.6%

2018 Estimated White - 75.0% 81.3% 79.0% 2018 Estimated Black or African American - 10.0% 8.4% 10.9% 2018 Estimated Asian or Pacific Islander - 2.0% 2.6% 2.5% 2018 Estimated American Indian or Native Alaskan - 0.3% 0.3% 0.3% - 12.6% 7.3% 7.4%

RACE AND RACE ETHNICITY 2018 Estimated Other Races

2018 Estimated Hispanic - 26.9% 17.5% 17.3%

2018 Estimated Average Household Income $0 T $46,081 $66,686 $71,196 2018 Estimated Median Household Income $0 T $45,620 $57,283 $61,044

INCOME 2018 Estimated Per Capita Income $0 T $21,227 $32,199 $32,817

2018 Estimated Elementary (Grade Level 0 to 8) - 8.1% 4.5% 4.3% 2018 Estimated Some High School (Grade Level 9 to 11) - 6.5% 5.7% 6.0% 2018 Estimated High School Graduate - 28.0% 27.1% 27.1% 2018 Estimated Some College - 19.8% 20.1% 20.4% 2018 Estimated Associates Degree Only - 11.1% 9.2% 8.8% (AGE 25+) EDUCATION 2018 Estimated Bachelors Degree Only - 16.4% 20.6% 20.5% 2018 Estimated Graduate Degree - 10.2% 12.8% 12.9%

2018 Estimated Total Businesses 0 T 1,440 6,712 11,220 2018 Estimated Total Employees 0 T 14,362 64,076 102,978 2018 Estimated Employee Population per Business - 10.0 9.5 9.2 FORT MYERS, FL BUSINESS 2018 Estimated Residential Population per Business - 10.4 9.7 13.0

ABOUT THE TENANT

WWW.EATPDQ.COM • 72 LOCATIONS IN 11 STATES

“What does PDQ stand for? People Dedicated to Quality. From our amazing guests to our dedicated staff—people come first.

You’ll see why the minute you walk in and are greeted with a smile at the counter or a real-person at the drive-through (no machines here) – just real people making real food. And when it’s ready (in just a few fresh minutes), we’ll call your name. At your cozy booths or the counter, we’ll check in on you, too. Sorry if we get chatty. We like people.

Because we are People Dedicated to Quality, our hospitality and food are Just Made, Better. This is our promise to our guests and a daily reminder to ourselves. Just Made, Better is our rallying cry, our soul, and what we deliver every day through our food, our people, our restaurants, and to our local communities.

At PDQ, we’re People Dedicated to Quality. But mostly, we’re committed to you. In 2009 our Founders, Bob and Nick, were hungry to build a new kind of restaurant. One that makes people the focus, and quality the bottom line. Bob was in search of fresh flavor and inspiration, and Nick wanted a place that served fresh, fast food he felt good about feeding to his kids So they hit the road and (lucky for us) found just what they were looking for in North Carolina. A friendly down-home neighborhood joint called Tenders with the tastiest, freshest, made-from-scratch chicken tenders. They made a deal on the spot with mom and pop, and in 2011 opened the first PDQ in Tampa, Florida. Best road trip, ever. Bob and Nick knew they had something special at the opening of our first Tampa restaurant on Halloween weekend. Car lines wrapped around the building, and folks kept coming back for more.

From the beginning, Bob and Nick believed food should be fresh, fast and affordable. They believed in working with good people. And, they believed in unwavering quality and hospitality. It’s what makes us People Dedicated to Quality. It’s not just words. It’s our passion and our purpose. And in everything we do, it reflects our commitment to you.

Here at PDQ we keep it fresh. And we make it fast. What’s our secret sauce? Every morning we start from scratch with farm-fresh ingredients. Serving up homemade sauces and dressings crafted in house. Every day. Every hand-breaded tender, dreamy sandwich, and fresh salad is made- to-order in our check-us-out open kitchen. Just like the ones in fancy restaurants and on cooking shows. Wave to the team, they’ll wave back. We keep things simple and do them the right way. Because that’s the only way we know how. No added steroids. No added hormones. No nonsense. Just delicious food that makes you feel good It’s a difference you can taste. It’s food, the way you want it. Want an ingredient added? Something changed? Just ask us. We’ll do it with a smile. It’s our never-ending promise to you. And what we serve seven days a week. LEASE TYPE: NNN LEASE YEARS ANNUAL BASE RENT MONTHLY BASE RENT

BASE TERM 11 YEARS (ORIGINAL BASE REMAINING: TERM 15 YEARS) 03/01/2015 - 02/29/2020 $180,000.00 $15,000.00

ANNUAL RENT: $180,000 03/01/2020 - 02/28/2025 $192,000.00 $16,000.00 NEXT RENT $192,000 IN MARCH 2020 INCREASE: 03/01/2025 - 02/28/2030 $204,000.00 $17,000.00 GUARANTEE: CORPORATE

FIRST RENEWAL PERIOD $216,000.00 $18,000.00 03/01/2030 - 02/28/2035 LOCATIONS: 72 IN 11 STATES

SECOND RENWEAL PERIOD $228,000.00 $19,000.00 03/01/2035 - 02/29/2040

THIRD RENEWAL PERIOD $240,000.00 $20,000.00 03/01/2040 - 2/28/2045

FOURTH RENEWAL PERIOD $252,000.00 $21,000.00 03/01/2045 - 2/28/2050

FIFTH RENEWAL PERIOD $264,000.00 $22,000.00 03/01/2050 - 2/28/2055

SIXTH RENEWAL PERIOD $276,000.00 $23,000.00 03/01/2055 - 2/29/2060

SEVENTH RENEWAL PERIOD $288,000.00 $24,000.00 03/01/2060 - 2/28/2065

EIGTH RENEWAL PERIOD $300,000.00 $25,000.00 03/01/2065 - 2/28/2070 FINANCIAL INFORMATION MARKET OVERVIEW PDQ FT. MYERS Definitions of Southwest Florida vary, though its boundaries are generally considered to put it south of the Tampa Bay area, west of Lake Okeechobee, and mostly north of the Everglades and to include Manatee, Sarasota, Charlotte, Lee, and Collier counties. For some purposes, the inland counties of DeSoto, Glades, and Hendry, and the thinly populated mainland section Monroe County, south of Collier, are also included. The region includes four metropolitan areas: the North Port-Bradenton-Sarasota MSA (sometimes alternately considered a part of the Tampa Bay Area to the north), the Cape Coral-Fort Myers MSA, the Naples-Marco Island MSA, and the Punta Gorda MSA. Southwest Florida is one of the fastest-growing areas in the nation, according to the U.S. Census Bureau’s most recent population estimates.

Lee and Collier counties ranked in the top 10 of the nation’s fastest-growing metro areas based on population increases from July 2013 to July 2014. Census figures released today show Lee County added 18,177 people during that span, an increase of 2.7 percent, the sixth-largest increase in the country. Collier ranked No. 10 with an increase of 2.5 percent, adding an estimated 8,671 residents. The Census Bureau estimated Lee’s population at 679,513 as of last July and 348,777 for Collier. If both counties grow at their same rates through July 2015 that would put Lee’s population at an SOUTHWEST estimated 697,860 and Collier’s at 357,496. Southwest Florida was largely ignored by commercial developers until the late 1800s, and as such, lacks much of the heavier development present in FLORIDA other parts of Florida, such as that found in the central or southern regions of the state. In recent years however, there has been a major real estate boom focusing on downtown Fort Myers (high-rise residential condominiums); southern Lee County (commercial development and high-technology); eastern Collier County (residential development); and eastern parts of Bradenton.

Southwest Florida International Airport, located in South Fort Myers, served over 7.9 million passengers in 2014 and offers non-stop flights to 3 cities in Europe and 2 in Canada, in addition to 36 domestic airports. The area’s secondary airport, Sarasota-Bradenton International Airport, served 2.9 million passengers in 2014. Southwest Florida is served by several major highways, including the Tamiami Trail (U.S. 41) and the Interstate 75 freeway, both of which connect the area to Tampa to the north, and Greater Miami–Ft. Lauderdale to the east. Tourism is a major economic driver in the area. In addition, many seasonal residents live in the area during the winter months, as temperatures in south Florida stay very moderate during that time of year. Located on the south bank of the Caloosahatchee River, Fort Myers has been home to soldiers, ranchers, cowboys, snowbirds and inventors. Named after Col. Abraham Myers, Fort Myers was founded in 1850 as a military outpost during the Seminole Wars. The Fort saw service again as a Union outpost during the Civil War and was officially retired from military service in 1865. Almost immediately the abandoned Fort Myers became home to settler families, land speculators and Florida Crackers (our cowboys and cowgirls).

By 1885, the town of Fort Myers was established, the Fort Myers Press was printing and world famous inventor Thomas Alva Edison called Fort Myers his winter home. During this period Fort Myers became the county seat of the newly formed Lee County and tourism boomed as offshore tarpon fishing enticed sport fishermen and adventurers from around the world. CITY OF

Fort Myers saw amazing growth through the 1920s until the combination of a failing real estate market and crashing stock FORT market sent Fort Myers into depression. The new Federal Post Office building, the Edison Bridge and the Yacht Basin all made significant improvements to the struggling downtown. MYERS It was a return to Fort Myers’ military heritage that would bring all of Southwest Florida out of depression and into prosperity. The establishment of Buckingham Field and Page Field during World War II brought thousands of service men and women to Lee County and gave local business a much need boost with government contracts and services for the two bases. Since the 1950’s Southwest Florida and Fort Myers have seen amazing growth and prosperity and have become premiere destinations for sun-seekers, investors and retirees. FACTS AT A GLANCE

YEARS SINCE TCG’S OVER 200+ INCEPTION ACTIVE LISTINGS

TENANT LANDLORD REPRESENTATION REPRESENTATION ASSET DISPOSITION DEVELOPMENT SERVICES INVESTMENT SERVICES MULTI-FAMILY

30+ TEAM MEMBERS IN SOUTH FL OFFICES PRESENTED BY:

MATT FREDRICKSON Principal 239.334.3040 SOUTHWEST FL OFFICE [email protected] 9250 Corkscrew Rd Suite #13 © 2019 Trinity Commercial Group Estero, FL 33928 This information is considered accurate, but not guaranteed. TCG has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than TCG and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income,expenses, and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used P: 239.334.3040 for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information herein is subject to change.