Verizon Wireless Top Retail Node in Orlando

verizon wireless top retail node in orlando

offered as part of a portfolio: click here for portfolio package

NEW TROPHY FREESTANDING CORPORATE VERIZON PAD TO SUPER TARGET ANCHORED MILLENIA PLAZA [ www.CapitalPacific.com ] 4750 Millenia Plaza Way, Orlando, FL 32839 Click for Map nt hi TROPHY NEW CONSTRUCTION FREESTANDING VERIZON WIRELESS IN me ghl st ig e h THE PREMIER RETAIL TRADE AREA OF THE ORLANDO MSA v t n s i PRICE: $4,991,000 The subject property is located in a high-growth submarket of Orlando, FL, the third largest metro area in the United States . The CAP: 5.50% property is just six miles from downtown Orlando and in close proximity to many of the area’s premier tourist destinations . Rentable SF...... 4,800 SF An outparcel to the Super Target anchored Millenia Plaza, this Current Rent...... $57 .29/SF net leased Verizon is located in the heart of a robust retail node . Lot size...... 0 .75 AC The center is just north of the Mall at Millenia, the #1 mall in the State of Florida and one of the strongest performing malls in year built ...... 2016 the country .

In addition to the freestanding Verizon, the project includes mall at millenia: top 10 mall in us two multi-tenant retail buildings . Each lease for the center is corporately backed and all three buildings are being offered sales volume psf: $1,360 individually as well as a portfolio . Please click here for the portfolio offering memorandum.

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. Listing Team Contact Info chris kostanecki zeb ripple ck@capitalpacific .com | (415) 274-2701 zripple@capitalpacific .com | (415) 274-2702 CA BRE# 01002010 CA BRE# 01242540

chris peters jack navarra cpeters@capitalpacific .com | (415) 274-2703 jnavarra@capitalpacific .com | (415) 274-2705 CA BRE# 01339983 CA BRE# 01909630

Listed in conjunction with FL Licensed Broker: Capital Pacific collaborates . Andrew T . Knight | New England Commercial Brokerage Click Here to meet the rest of Andrew@NECBrokerage .com | (860) 648-1600 our San Francisco team .

verizon wireless | 2 core characteristics The subject property is a long-term, corporately backed Verizon Wireless . STRONG DEMOGRAPHICS The freestanding, single tenant building is subject to a NN lease with Millenia Plaza is well located in an affluent, densely populated suburb of minimal landlord responsibilities . This offering represents the rare Orlando . The subject property boast impressive demographics of 243,00 opportunity for an investor to acquire an asset with the combination of people in a five mile radius with average household incomes in excess of strong credit, long-term lease, and attractive rent increases . $58,000 Lease Highlights EXCELLENT RETAIL MARKET • 10-year corporately backed lease The subject property is situated in the center of a booming retail trade area . • NN lease with minimal landlord responsibilities Immediately to the south of Millenia Plaza is the Mall at Millenia, the #1 • 10% increases every 5 years in primary term and options mall in the state of Florida (anchored by Neiman Marcus, Bloomingdale’s, and Macy’s) . Other high-end tenants in the mall include Chanel, Gucci, PROMINENT, HIGH VISIBILITY LOCATION Prada, Louis Vuitton, Tiffany & Co, Burberry, and Jimmy Choo . The Mall at The subject property is situated at the gateway to Millenia Plaza . The Millenia draws from a trade area that consists of 1 .5 million people with a property benefits from excellent visibility along Millenia Blvd and has potential for retail expenditures north of $5 billion . dedicated access from the signalized entrance to the larger center . The property stands to benefit from recent development in the area, which ORLANDO LOCAL ECONOMY will further enhance traffic . The trade area can be accessed by Interstate 4 Orlando is the 3rd largest metro area and one of the most popular tourist (165,000 ADT), a primary highway that also provides access to the area’s destinations in the US . The Orlando area averages more than 62 million many tourist destinations . visitors who contribute $33 billion to the local economy each year . In addition to tourism, Orlando features a booming technology sector . With an impressive 53,000 employees, Orlando’s $13 .4 billion tech industry Trophy, high identity NET lEASED PAD TO SUPER TARGET makes it one of the fastest growing job markets in the country . The Orlando economy is also expecting a big boost from the life science sector . The area’s new life science development, Medical City, will consist of 650 acres and create 30,000 jobs . The development’s impact on the local economy is estimated at $7 .6 billion over the next decade .

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This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. zoomed-out aerial Millenia plaza is situated in the epicenter of orlando’s top retail node

Dr. Phillips High School

4 400 urnpike Conroy Road 482 Orlando International Premium Outlets Florida’s T

International Drive Value Center 435 435 S Kirkman Road Eagle’s Nest Elementary Millenia Plaza 161,000 DAILY

Artegon Marketplace 4 400 SHINGLE CREEK GOLF CLUB Millenia Plaza The Mall at Millenia

Eccleston Elementary Martin A ndersen B eachline E xpressway 528 Sand Lake Road Millenia Plaza Way oung 482 S JohnParkway Y Road Conroy Sand Lake Corners S John Y Parkwayoung urnpike Millenia Shopping Center

Florida’s T 4 400

482 city center 528 verizon wireless | 4

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. zoomed-in aerial Located just north of the top-performing mall in Florida

161,000 DAILY The Mall at Millenia city center 4 Shingle Conroy Road Creek Elementary 400

Millenia Boulevard

10,000 DAILY

Vineland Road

Millenia Plaza Way

4 Millenia Shopping Center 400 Conroy Road Millenia B oulevard

verizon wireless | 5

Current Price: $4,991,000 Capitalization Rate: 5.50% Price Per Square Foot: $1,039.79 Total Leased (SF): 100% 4,800 Total Vacant (SF): 0 .00% 0 Total Rentable Area (SF): 100% 4,800 INCOME Per Square Foot Scheduled Rent* $57 .29 $275,000 EFFECTIVE GROSS INCOME $275,000

EXPENSE CapEx Reserves ($0 .10) ($480) Utility Expenses NNN Insurance NNN Property Taxes NNN TOTAL OPERATING EXPENSES ($0.10) ($480)

NET OPERATING INCOME $274,520

verizon wireless | 6 rent roll

TENANT INFO LEASE TERMS RENT SUMMARY Monthly Annual Tenant Sq. Ft. Unit Term Rent/FT Rent Rent Verizon 4,800 Pad C 1 5 $22,917 $275,000 $57 .29 6 10 $25,208 $302,500 $63 .02 Option 1 11 15 $27,729 $332,750 $69 .32 Option 2 16 20 $30,500 $366,000 $76 .25

Occupied 4,800 100% $22,917 $275,000 $57.29 Vacant 0 0% Current Totals: 4,800 100%

verizon wireless | 7 millenia plaza lots 1 & 2

offered as part of a portfolio. click here for portfolio package

verizon wireless | 8 The three outparcels of Millenia Plaza are being offered individually site plan as well as a portfolio. Please click here for portfolio package

Site Plan Key

M I L Parcel outline: L E N Land Area: 0 75. AC IA P L A Z Building Area: 4,800 sf A W A Ingress/Egress: Y

NOT Y A PART DAIL

10,000

D R A V E L U O B

A I

N E L L I

This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies. verizon wireless | 9 surrounding retail

Mall at Millenia – Top 10 Mall in the US Trade Area ConsistING of 1.5 Million People WITH Potential Expenditure of $5 Billion

verizon wireless | 10 surrounding retail

Located at epicenter of Orlando’s premier retail trade area

verizon wireless | 11 surrounding retail

Millenia plaza

verizon wireless | 12 surrounding retail

Millenia plaza

verizon wireless | 13 tenants

verizon Verizon Communications Inc, (NYSE, NASDAQ: VZ), is a global leader in delivering broadband and other wireless and wireline communication services to mass market, business, government, and wholesale customers . Verizon Wireless operates America’s most reliable wireless network, serving more than 112 .1 million customers nationwide . Globally, the company offers voice and data services in more than 200 countries . Verizon Wireless employs 177,000 people and has 1,700+ company operated retail locations in the US . In 2015, Verizon Wireless reported total revenue of $131 .6 billion . Verizon also ranks #22 on the Forbes list of the World’s Most Valuable Brands and #26 on the list of the World’s Biggest Public Companies .

verizon wireless | 14 verizon wireless market location

demographics & map 35,279 verizon DAILY wireless

10,000 DAILY Population DAILY MILLENIA BLVD 1-Mile 3-Mile 5-Mile 2010 9,080 109,521 228,207 161,000 2015 10,448 120,890 249,194 2021 11,560 132,382 271,175

2016 Household incomes

1-Mile 3-Mile 5-Mile regional map Average $48,892 $45,049 $58,710 Median $39,084 $34,339 $39,512

Top Employers in orlando, fl

Walt Disney World Resort Orange County Public Schools State of Florida Government downtown Adventist Health System orlando Florida Hospital Walmart Stores Inc . 13 MIN Orlando Regional Healthcare System 6 MILES Universal Studios Orlando

verizon wireless | 15 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. orlando, fl

local developments: Orlando is the center of the Orlando metropolitan area . With a population of 2 .3 million people, the MSA is the 24th largest metropolitan area in the country, the sixth largest in the Crescent Communities, a leading Southern states, and the third largest in Florida . developer in Orlando for 20+ years, The city is known as the “Theme Park Capital of the World,” drawing more than 62 million announced their purchase of a 4 .6 visitors to its tourist attractions in 2014 . Walt Disney World, located approximately 21 miles acre site slated for a walkable mixed- southwest of Downtown Orlando in Bay Lake, is the backbone of the tourist industry . The use development in downtown Universal Orlando Resort, SeaWorld, Gatorland, and Wet ‘n Wild are also major attractions . Orlando in December 2016 .

In addition, Orlando is known as a industrial and high-tech center . The metro area has a $13 .4 Earth Fare will anchor the project billion technology industry employing 53,000 people, and is a nationally recognized cluster and provide Downtown Orlando of innovation in digital media, agricultural technology, aviation, aerospace, and software with its first organic grocery store . design . More than 150 international companies, representing approximately 20 countries, The development also includes a six- have facilities in Metro Orlando . story luxury community featuring Orlando also has the seventh largest research park in the country, Central Florida Research 375 apartment residences and 7,000 Park . At over 1,025 acres, the research park is home to over 120 companies, employs more square feet of additional restaurant than 8,500 people, and is the hub of the nation’s military simulation and training programs . and retail space .

Orlando continues to grow, and recent projects include a November 2014 $207 million reconstruction project for renovations to the Citrus Bowl Stadium (65,000+ capacity), which is positioned to host NFL and NCAA football games . Additionally, the development of the 650-acre Medical City and Lake Nona life sciences cluster will create 30,000 jobs and have a $7 .6 billion impact within the next decade . All Aboard Florida (2016) is an intercity passenger rail system connecting Miami to Orlando .

[ downtown orlando ] verizon wireless | 16

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. A unique HUMAN The capital pacific experience - our daily commitment to our clients RESULTS-DRIVEN client experience [ www.CapitalPacific.com ]

Chris Kostanecki zeb ripple Capital Pacific collaborates . Click Here to ck@capitalpacific .com | (415) 274-2701 zripple@capitalpacific .com | (415) 274-2702 meet the rest of our San Francisco team . CA BRE# 01002010 CA BRE# 01242540 john andreini dave lucas chris peters jack navarra joe caccamo rick sanner cpeters@capitalpacific .com | (415) 274-2703 jnavarra@capitalpacific .com | (415) 274-2705 zandy smith gregg steele CA BRE# 01339983 CA BRE# 01909630 karla zens aaron susman