Offering Memorandum 11803 E. Colonial Drive

Actual Photo

CENTRAL FLORIDA RESEARCH PARK (CFRP) • LARGEST RESEARCH PARK IN FLORIDA; 4TH LARGEST IN U.S. (BY NO. OF COMPANIES) • 10,000 EMPLOYEES • $1.5 BILLION PAYROLL

Alafaya Commons

E COLONIAL DRIVE | 53,233 CARS DAILY

E COLONIAL DRIVE | 45,485 CARS DAILY

N ALAFAYA TRAIL | 53,219 CARS DAILY

EXCLUSIVELY MARKETED BY: MARK DRAZEK RAY ROMANO Senior Vice President First Vice President Capital Markets | Net Lease Properties Capital Markets | Net Lease Properties

+1 407 496 1334 +1 407 404 5022 [email protected] [email protected]

IImage Landsatt // Coperrniicus

Image Landsat / Copernicus THE UNIVERSITY OF CENTRAL FLORIDA (UCF) • 2ND LARGEST UNIVERSITY IN THE UNITED STATES • MAIN CAMPUS IS 1,415± ACRES • TOTAL ENROLLMENT 69,525 STUDENTS

CENTRAL FLORIDA RESEARCH PARK (CFRP) • LARGEST RESEARCH PARK IN FLORIDA; 4TH LARGEST IN U.S. (BY NO. OF COMPANIES) • 10,000 EMPLOYEES

• $1.5 BILLION PAYROLL N ALAFAYA TRAIL | 58,218 CARS DAILY

E COLONIAL DRIVE | 53,233 CARS DAILY

E COLONIAL DRIVE | 45,485 CARS DAILY

N ALAFAYA TRAIL | 53,219 CARS DAILY

WATERFORD LAKES TOWN CENTER IS AN OUTDOOR MALL LOCATED A FEW MILES SOUTH OF THE UNIVERSITY OF CENTRAL FLORIDA ON NORTH ALAFAYA TRAIL, JUST OFF FLORIDA STATE ROAD 408 AND IS ANCHORED BY: • SUPER TARGET • BED BATH & BEYOND • ROSS • REGAL CINEMAS • BEST BUY • ASHLEY FURNITURE • PETSMART • LA FITNESS

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INVESTMENT AERIALS AREA OVERVIEW DEMOGRAPHICS TENANT SUMMARY & MAPS OVERVIEW Investment Summary 4

CBRE is pleased to present this long-term single tenant Amscot Property located in Orlando Florida. Amscot, who has been in business for over 30 years and has over 240 locations, has been at this location for 14 years. The lease is absolute NNN with no landlord management obligations and fixed rental increases of 10% every 5 years. Due to their success here, they’ve recently exercised their first 10-year option. This is a prominent intersection in Orlando with the University of Central Florida Research Park just to the north and Waterford Lakes Town Center to the south. The property is situated directly on the hard corner with a combined traffic count of over 100,000 cars daily. It’s irreplaceable real estate which will draw tremendous demand if ever redeveloped. Investment Highlights CLICK FRAME TO SEE PROPERTY VIDEO • SECURE INVESTMENT: Long term lease with Amscot Corporation who has been in business for over 30 years and has over 240 locations. • EXCELLENT LOCATION: Irreplaceable retail real estate. Prominent high traffic hard corner signalized intersection with over 100,000 cars daily. and excellent access and exposure. The Investment Summary property additionally benefits from close proximity to major employers and the University PRICE: $3,569,000 of Central Florida. The university, situated approximately 2 miles from the site, enrolls nearly 70,000 students and is among the Orlando MSA’s largest employers, with a staff of nearly ANNUAL RENT: $214,145* 13,500. Central Florida Research Park, a 1027 acre business park, lies between the university CAP RATE: 6.00% and the site and houses a dense concentration of science, technology, research, defense, and engineering firms, drawn in part by the University’s $183+ million research budget TENANT: Amscot Corporation and employing more than 10,000. Major companies located in the business park include RENTAL INCREASES: 10% every 5 years including options Cisco, Siemens, Raytheon, Northrop Grumman, Mass Virtual, Inc., Fidelity Technologies, REMAINING LEASE TERM: 11 Years (Recently exercised their first 10-year option) Laser Institute of America, Collins Aerospace, Redcon Solutions Group, Earthrise Space Foundation, US Geological Survey, Astronics Test Systems, Turbine Technology Services OPTIONS: (2) 10-year options Corp, Saab Defense and Security USA, Alight Solutions, Carley Corporation, Quadrant RENT COMMENCEMENT: 2/1/2006 Simulation System, Aptima, Inc., IDE, Cubic Defense Systems, the Naval Support Activity Center, the Institute for Simulation and Training, the National Center for Simulation, the LEASE EXPIRATION: 1/31/2031 National Center for Forensic Science, and more. LANDLORD OBLIGATIONS: None - Absolute NNN • NO MANAGEMENT: Absolute NNN lease - No landlord management obligations. EXISTING FINANCING: No debt to assume • HEDGE AGAINST INFLATION: Fixed rental increases throughout entire lease term. • PROVEN LOCATION: Amscot has been at this location for 14 years and has recently BUILDING SIZE: 3,200 +/- SF exercised their first 10 year option - A testament to their success at this location. LAND SIZE: 0.60 +/- acres • HIGH DEMAND MARKET: Florida is a preferred state for NNN investors due to strong PARKING SPACES: 26 spaces (8.1 spaces per 1,000 SF) growth and the fact there is not state income tax. YEAR BUILT: 2006

Amscot | Orlando, FL *Rent as of 2/1/2021, rent credit to be provided at closing. Aerial Looking North 5

Alafaya Commons

N ALAFAYA TRAIL | 58,218 CARS DAILY

E COLONIAL DRIVE | 45,485 CARS DAILY

Amscot | Orlando, FL Aerial Looking South 6

N ALAFAYA TRAIL | 53,219 CARS DAILY

E COLONIAL DRIVE | 45,485 CARS DAILY

Amscot | Orlando, FL Aerial Looking East 7

E COLONIAL DRIVE | 45,485 CARS DAILY

Alafaya Commons

Amscot | Orlando, FL Aerial Looking West 8

E COLONIAL DRIVE | 53,233 CARS DAILY

N ALAFAYA TRAIL | 58,218 CARS DAILY

Amscot | Orlando, FL Area Overview 9

Orlando, Florida

Orlando is the most populous inland city in Florida with a population of over 277,000 residents. The City is located in Central Florida; it is the county seat of Orange County and the center of the Orlando MSA. The Orlando MSA has a population of over 2.8 million residents, making it the 24th largest metropolitan area in the United States. In the past three years, job growth in the metro has been among the best in the nation and more than double the U.S. average.

The Orlando MSA stretches across four counties and encompasses over 4,000 sq. miles of total area. The principal cities are Orlando, Kissimmee, and Sanford. Tourism is clearly the chief economic driver. Orlando is the #1 destination in the U.S., setting overall visitor records each of the last five years, including a record 72 million in 2017. Many infrastructure Retail Current Conditions Record-breaking tourism, best in state population gains and tremendous improvements are underway. The Orlando International Airport recently began a $4.27 billion employment growth have all helped strengthen an already robust Orlando capital improvement project. The airport is the 13th busiest in the United States with over 45 retail market. Vacancy has hovered near pre-recession lows for the last sev- million passengers in 2017. eral years even as new product is delivered. This fervent demand has pushed average asking rates increasingly higher as retailers clamor to find their spot in the Orlando market. Orlando supports a wealth of industry sectors with tourism at the top, followed by agriculture, international trade, and aerospace and aviation. Leisure and hospitality tend to lead the way in Orlando and have had strong growth in the past three years, adding about 22,000 jobs. This Construction Activity Similar to other Florida markets, deliveries have slowed in recent years but sector is the largest in the metro, accounting for 250,000 jobs. Entertainment industry leaders activity has remained consistent nonetheless. From 2007 to present the mar- like EA- Tiburon, Walt Disney Company, and NBC Universal all have a strong corporate ket has averaged over 2.2 million sq. ft. of deliveries. Current construction presence. As a hub for aerospace and defense technology development, Florida harbors major activity it is also at its highest level since 2008. operations by industry leaders Northrop Grumman and Lockheed Martin. Investment Activity In 2014 over $750 million in capital flowed into the Orlando retail market. 56.5 Since that time the market’s fundamentals have improved significantly and 113 Daytona Gainesville Beach investors are doing their best to find investment opportunities in the market. miles 141 distance miles 84 Jacksonville to Tampa miles 56 236 miles Lakeland Miami miles miles

Amscot | Orlando, FL Area Overview 10

University of DIVERSE STUDENT POPULATION UNEMPLOYMENT Central Florida 0.1% 1% 3.7% 0.1% 2.5% Orlando MSA November UCF has more than 220 degree programs in 4.4% 2019 unemployment rate 13 colleges 6.4% Orlando also has plentiful 10.7 16,500+ degrees conferred each year talent well into the future with 46.8% more than 500,000 students within a 347,710 degrees conferred as of August 100-mile radius 2019 26.7%

Named the 8th best large city UCF ranks among the nation’s 10 most inno- in the U.S. for infrastructure vative universities. American Indian/Alaska Native Multiracial Asian Native Hawaiian/other/ Paci c Islander Black/African American Not Speci ed 2nd Largest university in the U.S. with 69,525 Hispanic/Latinx White enrollment International

The Rosen College of Hospitality Manage- 69,525

ment is ranked the No. 4 hospitality school in 69,000 the world by 68,558 68,000 CEO WORLD Magazine UNIVERSITY 67,000 66,180 66,000 $192.1 million Funded Research HEADCOUNT

Fiscal Year 2019 Numbers of Students 65,000 FALL 2019 - 64,000 64,335

13,500+ Faculty and Staff 69,525 63,000 63,016 Fall 2015 Fall 2016 Fall 2017 Fall 2018 Fall 2019

Amscot | Orlando, FL Area Overview 11

CENTRAL FLORIDA RESEARCH PARK - ORLANDO’S TECH HUB ▶ Founded in 1988 by the Orange County Research & Development Authority, a non-profit, tax exempt entity 1ST LARGEST research ▶ U.S. Headquarters for Simulation Training & Modeling employing 10,000 people with a total economic impact of $1.6 billion park in Florida ▶ The activities within the CFRP represent a mission critical operation for Orlando’s Aerospace and defense industry, simulation, medical robotics, biotechnology, artificial intelligence, and many more TH 4TH 4 LARGEST research SOME OF THE TENANTS LOCATED WITHIN THE CENTRAL park in the Country FLORIDA RESEARCH PARK INCLUDE:

▶ Alight ▶ Leidos, Inc. ▶ Boeing Company ▶ National Center for Simulation Over ▶ Cisco Systems, Inc. ▶ Northrop Grumman ▶ General Dynamics ▶ Qualcomm Incorporated 1,000 Acres ▶ Institute for Simulation & Training ▶ Raytheon Systems ▶ Kaplan University ▶ Siemens ▶ L-3 Communications ▶ U.S. Department of Defense Home To Over 145 COMPANIES

Employs more than 10,000

$1.6 BILLION total economic impact

Amscot | Orlando, FL Demographics 12

POPULATION 1 MILE 3 MILE 5 MILE HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE

Population 2010 (Census) 12,577 91,661 205,090 2019 Average $55,670 $69,350 $81,295 Population 2019 (Estimated) 14,575 102,484 227,322 2019 Median $44,947 $52,264 $59,217 Population 2024 (Projected) 15,715 109,197 242,342 PLACE OF WORK 1 MILE 3 MILE 5 MILE Historical Annual Population Growth Rate 2019 Businesses 704 2,890 5,272 2010-2019 1.61% 1.21% 1.12% 2019 Employees 8,021 44,204 71,312

Projected Annual Population Growth Rate

2019-2024 1.52% 1.28% 1.29% 2019 AGE REPORT 1 MILE 3 MILE 5 MILE Median Age 27.40 29.30 31.10 2019 POPULATION BY RACE 1 MILE 3 MILE 5 MILE radius map White 9,513 69,488 157,000 Black 2,059 12,976 26,546 Asian 858 6,261 14,359 American Indian & Alaskan Native 68 429 906 Pacific Islander 9 107 220 Other Race 1,459 9,025 18,795 Two or More Races 608 4,198 9,495 Hispanic & Non-Hispanic Hispanic 5,931 40,272 87,359 White Non-Hispanic 5,698 42,296 97,043

HOUSEHOLDS 1 MILE 3 MILE 5 MILE

Households 2010 (Census) 4,149 30,018 69,912 Households 2019 (Estimate) 4,882 33,493 76,735 Households 2024 (Projected) 5,279 35,775 81,778 Historical Annual Household Growth Rate 2010-2019 1.77% 1.19% 1.01% Projected Annual Household Growth Rate 2019-2024 1.58% 1.33% 1.28%

Layout ID:P02 MapId:7046392 © 2020 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to Amscot | Orlando, FL be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Location Maps 13

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Layout ID:P02 MapId:7046593 © 2020 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced.

Amscot | Orlando, FL

Layout ID:P02 MapId:7046612 © 2020 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced.

Layout ID:P02 MapId:7046629 © 2020 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Tenant Description 14

It all began in 1986 when Ian MacKechnie moved his family from Scotland to America and settled in Tampa, Florida. Carrying on the bakery business which he grew up in, Ian noticed that on Fridays many of his employees had to wait in long lines at convenience stores in order to cash their payroll checks.

He thought there had to be a better way. Within three years Amscot, the combination of the words America and Scotland, was born. It was a nod to the old country and a tribute to the new.

The first Amscot location opened at 4808 East Broadway, Tampa in 1989. Today, Amscot is Florida’s leading non-bank financial services company, operating locations all over Florida and serving more Although Amscot has grown and evolved since its Forbes Magazine named Amscot Financial one of than 2.5 million customers with annual revenues inception, the focus has never changed. We continue America’s Best Midsize Employers for 2017. in excess of $220 million. From check cashing and to make life more convenient for customers who cash advance services to free money orders and wire need financial services. Our staff is professional and transfers, Amscot offers a wide range of financial friendly, working hard to ensure that you have a services at some of the most competitive rates in the positive customer experience every visit. financial services industry. We are also open evenings and weekends, seven days a week. Some locations are open 24 hours.

Amscot | Orlando, FL Actual Property Disclosures 15

AFFILIATED BUSINESS DISCLOSURE from sources believed to be reliable, but has not been verified for accuracy, CBRE, Inc. operates within a global family of companies with many subsidiaries completeness, or fitness for any particular purpose. All information is presented and related entities (each an “Affiliate”) engaging in a broad range of commercial “as is” without representation or warranty of any kind. Such information includes real estate businesses including, but not limited to, brokerage services, property estimates based on forward-looking assumptions relating to the general and facilities management, valuation, investment fund management and economy, market conditions, competition and other factors which are subject development. At times different Affiliates, including CBRE Global Investors, Inc. to uncertainty and may not represent the current or future performance of the or Trammell Crow Company, may have or represent clients who have competing Property. All references to acreages, square footages, and other measurements are interests in the same transaction. For example, Affiliates or their clients may approximations. This Memorandum describes certain documents, including leases have or express an interest in the property described in this Memorandum (the and other materials, in summary form. These summaries may not be complete nor “Property”), and may be the successful bidder for the Property. Your receipt of accurate descriptions of the full agreements referenced. Additional information this Memorandum constitutes your acknowledgement of that possibility and your and an opportunity to inspect the Property may be made available to qualified agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to prospective purchasers. You are advised to independently verify the accuracy and you such Affiliates’ interest or involvement in the sale or purchase of the Property. completeness of all summaries and information contained herein, to consult with In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of independent legal and financial advisors, and carefully investigate the economics their respective client(s), at arms’ length, not in concert, or in a manner detrimental of this transaction and Property’s suitability for your needs. ANY RELIANCE ON to any third party. CBRE, Inc. and its Affiliates will conduct their respective THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK. businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s). The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate CONFIDENTIALITY AGREEMENT discussions at any time with or without notice to you. All offers, counteroffers, Your receipt of this Memorandum constitutes your acknowledgement that (i) it is and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall a confidential Memorandum solely for your limited use and benefit in determining have any legal commitment or obligation except as set forth in a fully executed, whether you desire to express further interest in the acquisition of the Property, definitive purchase and sale agreement delivered by the Owner. (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner © 2019 CBRE, Inc. All rights reserved. This information has been obtained from of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this sources believed reliable, but has not been verified for accuracy or completeness. Memorandum in any manner detrimental to the Owner or CBRE, Inc. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and If after reviewing this Memorandum, you have no further interest in purchasing your advisors should conduct a careful, independent investigation of the property the Property, kindly return it to CBRE, Inc. and verify all information. Any reliance on this information is solely at your own risk. 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 DISCLAIMER displayed on this document are the property of their respective owners. Photos This Memorandum contains select information pertaining to the Property and herein are the property of their respective owners and use of these images without the Owner, and does not purport to be all-inclusive or contain all or part of the the express written consent of the owner is prohibited. information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained

Amscot | Orlando, FL ACTUAL PROPERTY PHOTO

EXCLUSIVELY MARKETED BY

MARK DRAZEK RAY ROMANO Senior Vice President First Vice President Capital Markets | Net Lease Properties Capital Markets | Net Lease Properties

+1 407 496 1334 +1 407 404 5022 [email protected] [email protected]

CBRE, Inc. | Licensed Real Estate Broker