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 12499 SOUTH CLEVELAND AVENUE, ADDRESS: FT. MYERS, FL 33907 OWNERSHIP TYPE: FEE SIMPLE (LAND AND BUILDING) BUILDING SIZE: 4,324± SF ACREAGE: 1.31± AC YEAR BUILT: 2015 LEASE TYPE: NNN 11 YEARS BASE TERM REMAINING: (ORIGINAL BASE TERM 15 YEARS) ANNUAL RENT: $180,000 NEXT RENT INCREASE: $192,000 IN MARCH 2020 GUARANTEE: CORPORATE THE SUBJECT SITE IS LOCATED ON THE EAST SIDE OF S. CLEVELAND LOCATION: AVE, JUST NORTH OF COLLEGE PKWY IN FORT MYERS, FL. ASKING PRICE: $3,340,000 $192,000(March 2020) – Seller to provide NOI: rent credit at closing CAP RATE: 5.75% PROPERTY OVERVIEW PROPERTY 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 ©2019, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 10/2018, TIGER Geography TENANT INFORMATION PDQ FT. MYERS 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.

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