CELEBRATION TRIANGLE RETAIL | INVESTMENT HIGHLIGHTS ATLANTICRETAIL.COM | 1 Investment Summary

KISSIMMEE, FLORIDA CelebrationRepresentative Photo Triangle Retail

Michael Zimmerman Asking Price: $3,173,717 Michael Zimmerman Asking Price: 919.391.9901 [email protected] Cap Rate: Rate: 6.35% [email protected]

IRREPLACEABLE REAL ESTATE DENSE TRADE AREA SIGNIFICANT SURROUNDING RETAIL Multi-Tenant Site Anchored by Top-Performing Nike Factory Store Theme Park Concentration Brings High Pedestrian Counts Across From Disney’s Celebration Town Center Area Minutes to Walt Disney World Attractions, Hotels & Resorts Fastest-Growing County in Orlando Metro Area Opposite Publix-Anchored Water Tower Shoppes Across From Florida Hospital Celebration Health Kissimmee Has an MSA Population of 2.1M+ 3 Malls Within 15 Miles With Sales of $1K+ PSF

ATTRACTIVE INVESTMENT OPPORTUNITY ACCESSIBLE & VISIBLE LOCATION STEADY INCOME STREAM Two Tenants Feature Corporate-Guaranteed Leases Direct Access to I-4 and Walt Disney World Attractions Many Area Restaurants Perform in Top 10% of Chains Landlord Receives Reimbursement From Tenants 12 Miles From Universal Studios Orlando Resort Area Leases Feature Varied, Scheduled Rent Increases No State Income Tax in Florida Nearby FL Turnpike is 3rd Busiest Toll Road in U.S. Multiple Options to Renew for Each Tenant

CELEBRATION TRIANGLE RETAIL | INVESTMENT HIGHLIGHTS ATLANTICRETAIL.COM | 1 Investment Summary

TENANTS Tijuana Flats, T-Mobile & Island Fin Poké Co. ADDRESS 6113 West Irlo Bronson Memorial Highway Kissimmee, FL 34747 MARKET Orlando MSA ASKING PRICE $3,173,717 CAP RATE 6.35% GUARANTORS Corporate & Franchisee BUILDING SIZE ± 5,222 SF LAND SIZE ± 0.28 AC YEAR BUILT 1998/Renovated 2015 PARKING Shared Parking ANNUAL RENT $201,531 ($38.59/SF) ADDITIONAL CAM, Real Estate RENT Taxes, Insurance & HOA LEASE TYPES NNN OPTIONS Varied 5-Year Options with Increases LANDLORD Roof, Structure & Parking Lot*

* Tenant’s reimburse Landlord for Roof and Parking Lot maintenance and repairs.

CELEBRATION TRIANGLE RETAIL | INVESTMENT SUMMARY ATLANTICRETAIL.COM | 2 SITE

Rent Roll

LEASE TERM RENTAL RATES ADDITIONAL RENT SUITE TENANT SF % GLA START END OPTIONS BEGIN ANNUAL RENT PSF CAM UTILITIES ADMIN/ASSOC RE TAXES INSURANCE 101 Tijuana Flats 2,610 50.0% 12/8/2016 4/7/2027 2 x 5 Years 12/8/2016 $109,620 $42.00 $2,470 $10,212 $5,521 $8,874 $1,566 12/8/2022 $120,582 $46.20 $0.95/SF $3.91/SF $2.12/SF $3.40/SF $0.60/SF Option 1 4/8/2027 $132,640 $50.82 Includes Option 2 4/8/2032 $145,904 $55.90 Trash Removal 102 Island Fin 1,400 26.8% 6/01/2017 9/30/2022 2 x 5 Years 12/1/2017 $50,400 $36.00 $1,324 $805 $2,959 $4,760 $840 Poké Co. 10/1/2018 $51,912 $37.08 $0.95/SF $0.57/SF $2.11/SF $3.40/SF $0.60/SF 10/1/2019 $53,469 $38.19 10/1/2020 $55,076 $39.34 10/1/2021 $56,728 $40.52 Option 1 10/1/2022 3% Annual Increases Option 2 10/1/2027 3% Annual Increases 103 T-Mobile 1,212 23.2% 2/20/2017 2/19/2024 3 x 5 Years 2/20/2018 $41,511 $34.25 $1,151 $697 $2,562 $4,121 $727 2/20/2019 $41,663 $34.38 $0.95/SF $0.57/SF $2.11/SF $3.40/SF $0.60/SF 2/20/2020 $41,829 $34.51 2/20/2021 $42,012 $34.66 2/20/2022 $44,796 $36.96 Option 1 2/20/2024 $44,796 $36.96 2/20/2027 $50,171 $41.40 Option 2 2/20/2029 $50,171 $41.40 2/20/2032 $56,192 $46.36 Option 3 2/20/2034 $56,192 $46.36 2/20/2037 $62,934 $51.93 PROPERTY 5,222 100.0% $201,531 $35.89 $4,945 $11,714 $11,042 $17,755 $3,129 TOTALS

CELEBRATION TRIANGLE RETAIL | RENT ROLL ATLANTICRETAIL.COM | 3 Cash Flow

RENTAL INCOME CURRENT RECOVERABLE OPERATING EXPENSES 2018 Annual Rents $201,531 Common Area Maintenance $4,940

EXPENSE REIMBURSEMENTS 2018 Utilities $11,712 CAM RECOVERY Administrative $11,042 Exterior Maintenance & Repair $1,000 Real Estate Taxes $17,756 Fire Alarm/Sprinkler Contract $900 Property Insurance $3,129

Fire Alarm/Sprinkler Repair $500 Total Recoverable Operating Expenses $48,579 Fire Alarm Monitoring Fees $940 Total Expenses $48,579 Landscape (Others) $0 NET OPERATING INCOME $201,531 Maintenance Supplies & Tools $100 Parking Lot Repairs, $0 Paving & Re-Striping Roof Repairs $1,500

UTILITIES Electricity $600 Trash Removal (T-Mobile & $1,200 Island Fin Poké Co.) Trash Removal (Tijuana Flats) $9,912 SITE

ADMINISTRATIVE Management Fees $9,000 Administrative Fees $300 Association Fees (Parking HOA) $1,742

Real Estate Taxes Recovery $17,756 Property Insurance Recovery $3,129 Total Recoveries $48,579 TOTAL INCOME $250,110

CELEBRATION TRIANGLE RETAIL | CASH FLOW ATLANTICRETAIL.COM | 4 PROMINENT SIGNAGE Prominent signage placement for the subject property along U.S. Highway 192/West Irlo Bronson Memorial Highway with 56,000 vehicles passing daily.

CELEBRATION TRIANGLE RETAIL | AERIAL ATLANTICRETAIL.COM | 5 Tijuana Flats Celebration Triangle Retail Kissimmee, Florida

CELEBRATION TRIANGLE RETAIL | TIJUANA FLATS ATLANTICRETAIL.COM | 6 Lease Summary

TENANT Tijuana Flats #251, LLC DBA Tijuana Flats GUARANTOR Corporate BUILDING SIZE ± 2,610 SF + Patio 50.0% Total GLA LEASE TYPE NNN ANNUAL RENT $109,620 ($42.00/SF) COMMENCED December 8, 2016 EXPIRATION April 7, 2027 LEASE TERM 10 Years OPTIONS 2 x 5-Year Options INCREASES 10% Every 5 Years Within Base Term & Option Periods ADDITIONAL CAM, Real Estate RENT Taxes, Insurance, HOA & Trash Removal LANDLORD Roof, Structure & Parking Lot*

* Tenant’s reimburse Landlord for Roof and Parking Lot maintenance and repairs.

COMMON AREA EXPENSES Tenant’s Proportionate Share of Common Area Expenses shall not increase more than five percent per annum during the initial Term of the lease.

CELEBRATION TRIANGLE RETAIL | TIJUANA FLATS LEASE SUMMARY ATLANTICRETAIL.COM | 7 Rent Schedule YEARS ANNUAL RENT INCREASE 1–5 (Base Term) $109,620 ($42.00/SF) N/A 6–10 (Base Term) $120,582 ($46.20/SF) 10.0% 11–15 (Option 1) $132,640 ($50.82/SF) 10.0% 16–20 (Option 2) $145,904 ($55.90/SF) 10.0%

ADDITIONAL RENT Common Area Maintenance $2,470 ($0.95/SF) Utilities (Including Trash Removal) $10,212 ($3.91/SF) Administration/Association $5,521 ($2.12/SF) Real Estate Taxes $8,874 ($3.40/SF) Insurance $1,566 ($0.60/SF)

CELEBRATION TRIANGLE RETAIL | TIJUANA FLATS RENT SCHEDULE ATLANTICRETAIL.COM | 8 Tijuana Flats Tijuana Flats is an American restaurant chain serving class Tex-Mex cuisine at its 130 locations throughout Florida, Georgia, the Carolinas, Virginia and Indiana. Founded in 1995 by University of Central Florida graduate Brian Wheeler, Tijuana Flats first expanded outside the state of Florida in 2004 after opening 18 stores in the Sunshine State.

Tijuana Flats restaurants are fast-casual hybrids that feature fresh food, hot sauce bars, art murals and off-beat culture. The chain’s entrées include delicious burrito bowls, chimichangas, dos tacos, street tacos, fresh salads, nachos and more. Every meal at Tijuana Flats is made-to-order with fresh ingredients and scratch-made chips, tortillas, queso, guacamole and salsa.

Tijuana Flats is headquartered in Maitland, Florida, and currently employs approximately 3,000 people. Starting in 2007, Tijuana Flats shifted from a franchise model to corporate- owned stores. That same year, Tijuana Flats created the Just in Queso Foundation. To date, the Just in Queso Foundation has raised over $3.5 million and donated countless hours to help those in need.

CELEBRATION TRIANGLE RETAIL | TIJUANA FLATS ATLANTICRETAIL.COM | 9 T-Mobile Celebration Triangle Retail Kissimmee, Florida

CELEBRATION TRIANGLE RETAIL | T-MOBILE ATLANTICRETAIL.COM | 10 Lease Summary

TENANT S7 of Celebration, LLC DBA T-Mobile GUARANTOR Franchisee BUILDING SIZE ± 1,212 SF 23.2% Total GLA LEASE TYPE NNN ANNUAL RENT $41,511 ($34.25/SF) COMMENCED February 20, 2017 EXPIRATION February 19, 2024 LEASE TERM 7 Years OPTIONS 3 x 5-Year Options INCREASES Varied Annual Increases in Years 2–6 of Base Term & 12% Increases in Years 11, 16 & 21 of Option Periods ADDITIONAL CAM, Real Estate RENT Taxes, Insurance & HOA LANDLORD Roof, Structure & Parking Lot*

* Tenant’s reimburse Landlord for Roof and Parking Lot maintenance and repairs.

COMMON AREA EXPENSES Tenant’s Proportionate Share of Common Area Expenses shall not increase more than five percent per annum during the initial Term of the lease.

CELEBRATION TRIANGLE RETAIL | T-MOBILE LEASE SUMMARY ATLANTICRETAIL.COM | 11 Rent Schedule BASE TERM ANNUAL RENT INCREASE Year 1 $33,936 ($28.00/SF) N/A Year 2 $41,511 ($34.25/SF) 22.42% Year 3 $41,663 ($34.38/SF) 3.64% Year 4 $41,829 ($34.51/SF) 4.01% Year 5 $42,012 ($34.66/SF) 4.37% Year 6 $44,796 ($36.96/SF) 6.62% Year 7 $44,796 ($36.96/SF) N/A OPTION 1 Years 8–10 $44,796 ($36.96/SF) N/A Years 11–12 $50,171 ($41.40/SF) 12.00% OPTION 2 Years 13–15 $50,171 ($41.40/SF0 N/A Years 16–17 $56,192 ($46.36/SF) 12.00% OPTION 3 Years 18–20 $56,192 ($46.36/SF) N/A Years 21–22 $62,934 ($51.93/SF) 12.00%

ADDITIONAL RENT Common Area Maintenance $1,151 ($0.95/SF) Utilities $697 ($0.57/SF) Administration/Association $2,562 ($2.11/SF) Real Estate Taxes $4,121 ($3.40/SF) Insurance $727 ($0.60/SF)

CELEBRATION TRIANGLE RETAIL | T-MOBILE RENT SCHEDULE ATLANTICRETAIL.COM | 12 T-Mobile T-Mobile is a U.S.-based wireless network operator whose majority shareholder is the German telecommunications company Deutsche Telekom (DT). T-Mobile is currently the third largest wireless carrier in the country with 74 million customers as of Q1 2018. The company provides wireless voice and data services in the U.S., Puerto Rico and the U.S. Virgin Islands under the T-Mobile and MetroPCS brands—which it acquired in a reverse takeover in 2013, resulting in the company going public on the NASDAQ stock exchange under the ticker symbol “TMUS”. T-Mobile also serves as the host network for many mobile virtual network operators. The company has annual revenues of over $40 billion and, in 2017, T-Mobile was ranked No. 1 in Customer Service Satisfaction by Nielsen.

T-Mobile is truly building the future—today. The company is building 5G in 30 cities during 2018, starting in New York, Los Angeles, Dallas and Las Vegas, with nationwide coverage coming in 2020. T-Mobile customers currently have access to America’s fastest and most advanced LTE network, with LTE Advanced T-MOBILE FRANCHISEE technology deployed in more than 15,000 cities across the S7 of Celebration, Company Profile country. T-Mobile has more than doubled its LTE coverage since LLC—a licensed T-Mobile 2015, and now covers nearly everyone in the U.S. franchisee— is owned by COMPANY TYPE Public parent company S7 Wireless, Inc., which operates over STOCK SYMBOL NASDAQ: TMUS T-MOBILE INNOVATIONS 80 locations throughout T-Mobile’s technology products and services are designed Florida, California, New York, Bellevue, Washington to enhance the customer wireless experience and take full Georgia, New Jersey and HEADQUARTERS advantage of the company’s robust wireless network. Virginia. 51,000 HD Voice: T-Mobile was the first U.S. Enhanced Voice Services: EVS improves EMPLOYEES (2017) carrier to enable HD voice on its voice call reliability in areas of weaker network nationwide, dramatically signal, and provides even higher-fidelity AREAS SERVED U.S., Puerto Rico & enhancing in-call audio performance. calls than T-Mobile’s HD voice. U.S. Virgin Islands Scam Block & Scam ID: Scam Block Voice Over LTE: T-Mobile is a global stops likely scammers before they reach leader with VoLTE, which brings faster OWNER Deutsche Telekom AG customers, while ScamID identifies calls call connections, HD Voice and fast LTE from likely scammers. data speeds while on calls. $10.5 Billion REVENUES (Q1 2018) DIGITS: T-Mobile phone numbers work Rich Communication Services: RCS on any compatible Internet-connected provides enhanced messaging like NET CASH (Q1 2018) $770 Million smartwatch, tablet or computer. group chat, videos, .GIFs, file, location sharing and more. License Assisted Access: LAA COVERAGE 322 Million People further densifies the network and will allow T-Mobile to deliver even WEBSITE t-mobile.com more bandwidth and faster speeds to customers in the future.

CELEBRATION TRIANGLE RETAIL | T-MOBILE ATLANTICRETAIL.COM | 13 8

Island Fin Poké Co. Celebration Triangle Retail Kissimmee, Florida

CELEBRATION TRIANGLE RETAIL | ISLAND FIN POKÉ CO. ATLANTICRETAIL.COM | 14 Lease Summary

TENANT MRS Bowls 2 LLC DBA Island Fin Poké Co. GUARANTOR Corporate BUILDING SIZE ± 1,400 SF 26.8% Total GLA LEASE TYPE NNN ANNUAL RENT $50,400 ($36.00/SF) COMMENCED June 1, 2017 EXPIRATION September 30, 2022 LEASE TERM 5 Years OPTIONS 2 x 5-Year Options INCREASES 3% Annual Increases in Base Term & Options ADDITIONAL CAM, Real Estate RENT Taxes, Insurance & HOA Island Fin Poké Co. LANDLORD Roof, Structure & Parking Lot* Founded by friends Mark and Paul, the Island Fin Poké Co. relationship with food is rooted in the Hawaiian culture of ohana (“the family”). Mark and Paul bring their passion for food and community * Tenant’s reimburse Landlord for Roof and Parking Lot to aromatic life at Island Fin Poké Co. Guests are treated like family, and each dish is inspired by the maintenance and repairs. changing seasons. Menu items are presented in the unique Hawaiian and Caribbean style using only the freshest fish, produce and seasonal ingredients. There are currently two locations—one under the Big COMMON AREA EXPENSES Kahuna’s Island Style Bowls name—serving customers in Winter Springs and Kissimmee, but franchising Tenant’s Proportionate Share of Common Area Expenses opportunities are currently available as the fast-casual dining concept continues to grow. The company shall not increase more than five percent per annum during is in the process of opening a third location in Lake Nona, Florida. the initial Term of the lease.

CELEBRATION TRIANGLE RETAIL | ISLAND FIN POKÉ CO. LEASE SUMMARY ATLANTICRETAIL.COM | 15 Rent Schedule BASE TERM ANNUAL RENT INCREASE 6/1/17–9/30/17 Free Rent (3 Months) N/A 10/1/17–11/30/17 Free Rent (2 Months) N/A 12/1/17–9/30/18 $50,400 ($36.00/SF) 3% 10/1/18–9/30/19 $51,912 ($37.08/SF) 3% 10/1/19–9/30/20 $53,469 ($38.19/SF) 3% 10/1/20–9/30/21 $55,073 ($39.34/SF) 3% 10/1/21–9/30/22 $56,726 ($40.52/SF) 3% OPTION 1 10/1/22–9/30/23 $58,427 ($41.73/SF) 3% 10/1/23–9/30/24 $60,180 ($42.99/SF) 3% 10/1/24–9/30/25 $61,986 ($44.28/SF) 3% 10/1/25–9/30/26 $63,845 ($45.60/SF) 3% 10/1/26–9/30/27 $65,761 ($46.97/SF) 3% OPTION 2 10/1/27–9/30/28 $67,733 ($48.38/SF) 3% 10/1/28–9/30/29 $69,762 ($49.83/SF) 3% 10/1/29–9/30/30 $71,858 ($51.33/SF) 3% 10/1/30–9/30/31 $74,014 ($52.87/SF) 3% 10/1/31–9/30/32 $76,235 ($54.45/SF) 3%

ADDITIONAL RENT Common Area Maintenance $1,324 ($0.95/SF) Utilities $805 ($0.57/SF) Administration/Association $2,959 ($2.11/SF) Real Estate Taxes $4,760 ($3.40/SF) Insurance $840 ($0.60/SF)

CELEBRATION TRIANGLE RETAIL | ISLAND FIN POKÉ CO. RENT SCHEDULE ATLANTICRETAIL.COM | 16 Celebration Triangle Retail Tourism Overview Kissimmee, Florida

CELEBRATION TRIANGLE RETAIL | TOURISM & TRANSPORTATION OVERVIEW ATLANTICRETAIL.COM | 17 75,000 ADT

170,000 ADT

FUTURE EXIT RAMPS Interstate 4 is currently undergoing a $23 billion improvement project that will transform the 21 miles from Kirkman Road to State Road 434. Changes will Gaylord Palms Resort & include four new Express Lanes, widened Convention Center and rebuilt bridges, reconstructed 1,400 Rooms & 400K SF interchanges and an overall new design of Meeting Space (estimated completion March 2021). 2nd Most of Any FL Hotel

28,500 ADT

Vacation Village at Parkside 3,100 Timeshares

34,500 ADT

67,500 ADT W Irlo Bronson Memorial Hwy. 56,000 ADT

128,000 ADT 34,200 ADT

INTERSTATE 4 Considered to be the “backbone” of transportation in Central Florida, COMMUNITY OF CELEBRATION Interstate 4 sees over 1.5 passenger Celebration is a master-planned trips daily. community originally developed by the Walt Disney Company. The town is directly connected to the Walt Disney World resorts via World Drive, and features a downtown area (Celebration Town Center) which contains shops, restaurants and residences.

CELEBRATION TRIANGLE RETAIL | AREA TOURIST ATTRACTIONS ATLANTICRETAIL.COM | 18 2

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MAJOR TOURIST ATTRACTIONS NEARBY 1. Pandora—The World of Avatar at Disney’s Animal Kingdom; 2. ESPN Wide World of Sports; 3. New Star Wars fireworks show at Disney’s Hollywood Studios;4. Toy Story Land at Disney’s Hollywood Studios; 5. Disney’s Magic Kingdom; 6. Epcot at the Walt Disney World Resort.

CELEBRATION TRIANGLE RETAIL | MAJOR TOURIST ATTRACTIONS NEARBY ATLANTICRETAIL.COM | 19 2

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MAJOR TOURIST ATTRACTIONS NEARBY 1. Universal Studios Orlando; 2. Universal CityWalk; 3. Universal Studios Volcano Bay; 4. Universal Studios Wizarding World of Harry Potter; 5. Walt Disney World; 6. LEGOLAND; 7. SeaWorld Orlando.

CELEBRATION TRIANGLE RETAIL | MAJOR TOURIST ATTRACTIONS NEARBY ATLANTICRETAIL.COM | 20 Walt Disney World 3.7 Miles From Multi-Tenant Site The Walt Disney World Resort—more commonly known simply as Disney World—is the most visited vacation resort in the world, with an average annual attendance of over 52 million. The resort is the flagship destination of Disney’s worldwide corporate enterprise, and has become a popular staple in American culture. The property covers nearly 25,000 2 3 acres and features four theme parks, two water parks, 27 themed resort hotels, several golf courses, a camping resort and other 4 entertainment venues, including the outdoor shopping center Disney Springs.

While at Walt Disney World, visitors can explore the six enchanted lands of Magic Kingdom Park; go on a trip around the world at Epcot; take in the lights, cameras and action at Hollywood Studios; chill out at Blizzard Beach Water Park; get up close with over 250 species of animals at Animal Kingdom; and slide, swim and surf through dozens of adventures at Typhoon Lagoon.

1 WALT DISNEY WORLD EXPANSION 6 5 1. A Guardians of the Galaxy-inspired attraction will be added to Epcot’s Future World; 2. Disney will be introducing Disney Skyliner, a new gondola lift transportation system that will give guests the ability to travel to Epcot, Hollywood Studios and four Disney resorts; 3. The TRON Lightcycle Power Run is scheduled to open at Disney’s Magic Kingdom in 2021; 4. A Star Wars-themed hotel will be coming to Walt Disney World Resort to seamlessly connect to Star Wars: Galaxy’s Edge, the upcoming Star Wars- themed land; 5. The Disney Riviera Resort is due to open in Fall 2019; 6. An expansion at Epcot will include new attractions related to Ratatouille, due to open by the end of 2021.

CELEBRATION TRIANGLE RETAIL | WALT DISNEY WORLD ATTRACTIONS ATLANTICRETAIL.COM | 21 DISNEY’S MAGIC KINGDOM Magic Kingdom Park is made up of six enchanted lands filled with enchantment, adventure, thrills and unforgettable moments. This is the place for anyone who has ever dreamed of being a swashbuckling pirate or a royal princess, or anyone who has longed to rocket through space or soar on a magic carpet. Magic Kingdom Park is filled with parades, fireworks, live shows and dozens of one- of-a-kind attractions.

EPCOT At Epcot, high-tech fun and Disney imagination are combined with the wonder of diverse cultures in two distinct worlds bursting with thrills and excitement: Future World and World Showcase. Visitors can celebrate a “Summer Snow Day” with Anna and Elsa on Frozen Ever After, or travel around the world without a passport in World Showcase. For the grand finale, visitors can enjoy IllumiNations: Reflections of Earth—an inspiration of music, fireworks, lasers and special effects that celebrate the spirit of humanity.

DISNEY’S HOLLYWOOD STUDIOS Disney’s Hollywood Studios allows visitors to immerse themselves in the world of movies, music and shows, from the pulsating beats of Rock ’n’ Rollercoaster Starring Aerosmith to For the First Time in Forever: A Frozen Sing-Along Celebration. For an out-of-this-world 3D thrill, nothing beats Star Tours—The Adventures Continue. With new destinations featuring fan-favorite characters, the Force takes visitors to Star Wars Launch Bay and a spectacular night-time show bursting with memorable moments.

DISNEY’S ANIMAL KINGDOM Throughout the day and night, Disney’s Animal Kingdom takes visitors on unbelievable adventures into a world alive with magic. The all-new Pandora—The World of Avatar takes visitors to a distant world filled with a mystical luminescent river and opportunities to fly on the back of banshees that soar past floating mountains. Visitors can also view thousands of animals in their natural habitats at the base of the Tree of Life, on Kilimanjaro Safaris or while trekking Gorilla Falls Exploration Trail.

CELEBRATION TRIANGLE RETAIL | WALT DISNEY WORLD ATTRACTIONS ATLANTICRETAIL.COM | 22 Universal Orlando 12 Miles From Multi-Tenant Site For more than 25 years, Universal Orlando Resort has been creating epic vacations for the entire family—incredible, memorable experiences that place guests in the heart of powerful stories and adventures. Universal Orlando’s two theme parks—Universal Studios Florida and Universal’s Islands of Adventure—are home to some of the world’s most exciting and innovative attractions. Its on-site resort hotels—including Loews Portofino Bay Hotel, the Hard Rock Hotel 2 and Universal’s Cabana Bay Beach Resort— are destinations unto themselves. Universal CityWalk offers dining and entertainment 3 options for every member of the family.

Universal Orlando Resort has unveiled 20 new guest experiences since 2010 that include powerful attractions, incredible dining opportunities and dramatically- themed hotels. Recent additions include Universal Orlando’s fifth on-site hotel, Loews Sapphire Falls Resort; Skull Island; Reign of Kong, a groundbreaking attraction in Islands of Adventure; Universal’s Volcano Bay; and CityWalk’s newest dining experience, The Toothsome Chocolate Emporium & Savory 1 Feast Kitchen.

5 4 Universal Orlando hosted nearly 10 million visitors in 2016, making it the sixth most attended theme park in the country (marking a 4 percent increase in attendance from 2015). Universal’s Islands of Adventure saw nearly 9.4 million visitors, and both parks rank in the Top 10 theme parks worldwide.

UNIVERSAL ORLANDO ATTRACTIONS 1. Diagon Alley in The Wizarding World of Harry Potter; 2. Skull Island Reign of Kong; 3. Incredible Hulk Rollercoaster; 4. The Toothsome Chocolate Emporium & Savory Feast Kitchen at Orlando CityWalk; 5. Volcano Bay.

CELEBRATION TRIANGLE RETAIL | UNIVERSAL ORLANDO RESORT ATTRACTIONS ATLANTICRETAIL.COM | 23 Celebration Triangle Retail Retail Market Overview Kissimmee, Florida

CELEBRATION TRIANGLE RETAIL | RETAIL MARKET OVERVIEW ATLANTICRETAIL.COM | 24 Gaylord Palms INTERNATIONAL DRIVE

Blossom Park Villas Convention Center 15,700 ADT Central area for world-class shopping, 288 Condos attractions, dining and entertainment.

128,000 ADT

Vacation Village at Parkside 3,100 Timeshares

Parkway Resort 144 Timeshares

W Irlo Bronson Memorial Hwy. 56,000 ADT No. 3 Nike Outlet $30M+ in Sales

32,400 ADT Walt Disney World Corporate Offices

Central Floria GreeneWay (Toll Road)

CELEBRATION TRIANGLE RETAIL | RETAIL MARKET AERIAL ATLANTICRETAIL.COM | 25 2

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PROMINENT NEARBY RETAILERS 1. Orlando Vineland Premium Outlets; 2. Lake Buena Vista Factory Stores; 3. Orlando Outlet Marketplace; 4. Mall at Millenia; 5. Disney Springs; 6. IKEA Orlando; 7. Celebration Town Center.

CELEBRATION TRIANGLE RETAIL | PROMINENT NEARBY RETAILERS ATLANTICRETAIL.COM | 26 Lake Buena Vista Factory Stores 4.1 Miles From Multi-Tenant Site Located just two miles from Walt Disney World, Lake Buena Vista Factory Stores is known among savvy consumers as one of Central Florida’s “best-kept secrets for outlet deals,” offering factory-direct premium quality merchandise at savings up to 75 percent off. Top designer names include: Calvin Klein, Eddie Bauer, Fossil, Gap, Justice, Nike, Old Navy, Tommy Hilfiger, Under Armour and more. Shoppers love the spacious shops and village setting, along with convenient store front parking. Shoppers can stop by the shopping center’s Food Court or Internet Cafe for specialty coffees, desserts and a wide selection of favorite food items. Within 30 feet of the Lake Buena Vista Factory Stores is the Lake Buena Vista Resort Village & Spa—a new luxury condominium hotel resort.

CELEBRATION TRIANGLE RETAIL | RETAIL MARKET OVERVIEW ATLANTICRETAIL.COM | 27 Disney Springs 6.9 Miles From Multi-Tenant Site Originally opened in 1975, Disney Springs completed a major renovation and extension in early 2016, and is now home to four distinct districts: The Marketplace, The Landing, Town Center and West Side. The majority of the retail shops can be found in the Town Center, which depicts the fictional town’s central business district, featuring Spanish Revival architecture from the 1920s. The area debuted in 2016, and will continue to expand as future retailers join the district. Retailers to have opened in the first phase of Town Center include Anthropologie, Sephora, L’Occitane en Provence, Pandora, UGG, ZARA and Kate Spade, among many others.

CELEBRATION TRIANGLE RETAIL | RETAIL MARKET OVERVIEW ATLANTICRETAIL.COM | 28 Celebration Triangle Retail Economic Market Overview Kissimmee, Florida

CELEBRATION TRIANGLE RETAIL | ECONOMIC MARKET OVERVIEW ATLANTICRETAIL.COM | 29 TOP JOB MARKET Walt Disney Is One of Area’s Largest Employers Access to Orlando Market (2M+ People) Tourism Accounts for 110,700 Area Jobs 4% Tourism Job Growth (2011–2016)

MAJOR TOURISM CENTER Home to Walt Disney World & Famous Theme Parks U.S. 192 Redevelopment Promotes Regional Tourism Largest Cluster of Amusement Parks in the U.S. 59M+ Annual Visitors to Tourist Attractions

THRIVING INDUSTRIES 17% Job Growth in Life Sciences & Healthcare Sectors $200M Center for Neovation is Area Tech Innovator Expansions Underway for All Five Area Hospitals Fast-Growing Information Technology Sector

CELEBRATION TRIANGLE RETAIL | ECONOMIC OVERVIEW ATLANTICRETAIL.COM | 30 Economic Overview As the fastest-growing county in the Orlando metropolitan area—as well as the 10th-fastest growing region in the United States—Greater Osceola is a major player in the region’s economic future. Greater Osceola is planning and building a business climate for a bolder future.

TOURISM-BASED ECONOMY The presence of Walt Disney World, Universal Orlando, SeaWorld Orlando and other regional attractions bring about 59 million visitors to the Orlando region annually. Greater Osceola has the largest concentration of amusement and theme parks in the country, and the tourism industry is the region’s largest economic engine, employing more than 110,000 people in the Orlando MSA.

TOP-RANKED INFRASTRUCTURE Situated in Central Florida, Osceola County has easy access to major highways, rail and air, including Orlando International Airport—the gateway to the heart of Florida. The major roadway transportation arteries to the area are the Florida Turnpike, Interstate 4, Osceola Parkway and U.S. 192.

WITHIN GREATER ORLANDO MSA In a state that is both right-to-work and has no personal income tax, Orlando offers a business-friendly environment complete with competitive incentives and unique opportunities for partnership and collaboration. Additionally, Orlando hosts more than 10 million business visitors annually. The city is No. 1 in the nation for meetings and events, which on average have a total economic impact of $2.4 billion (2016).

CELEBRATION TRIANGLE RETAIL | ECONOMIC MARKET OVERVIEW ATLANTICRETAIL.COM | 31 Area Healthcare FLORIDA HOSPITAL CELEBRATION HEALTH FACILITY Serving the residents of Osceola, Orange, Polk and Lake counties—as well as patients from across the globe—Florida Hospital Celebration Health is a 227- bed state-of-the-art hospital that is a showcase of innovation and excellence in healthcare. Florida Hospital Celebration Health is a member of Adventist Health System, which is an expression of the health ministry of the Seventh-Day Adventist Church. Serving much of the Southeastern United States, the Caribbean and South America, the Adventist Health System operates 44 hospitals in 10 states, making it the largest Protestant, not-for-profit healthcare systems in the country.

Established in 1997, Florida Hospital Celebration Health was designed as a resort-style facility that would serve as a cornerstone of health in the Disney- planned community of Celebration. Florida Hospital Celebration Health has been selected by consumers as the most preferred hospital in the area annually since 2000.

CELEBRATION TRIANGLE RETAIL | AREA HEALTHCARE ATLANTICRETAIL.COM | 32 Demographics

DEMOGRAPHICS 1 MILE 3 MILES 5 MILES

Estimated Population 1,934 19,631 46,683 2022 Projected Population 2,265 22,543 53,314 2010 Census Population 1,494 15,983 38,946 2000 Census Population 935 7,887 17,114 Projected Annual Growth (2017–2022) 3.21% 2.80% 2.69% Estimated Households 761 6,918 14,503

POPULATION 2022 Projected Households 886 8,030 16,771 2010 Census Households 598 5,561 12,031 2000 Census Households 423 3,225 6,461 Projected Annual Growth (2017–2022) 3.09% 3.03% 2.95% Est. HH Income $200,000+ 11.30% 8.50% 6.00% Est. HH Income $150,000-$199,999 5.70% 5.10% 4.20% Est. HH Income $100,000–$149,999 17.00% 14.30% 11.70% Est. HH Income $75,000-$99,999 13.10% 13.80% 13.00% Est. HH Income $50,000–$74,999 17.90% 19.60% 20.60% Est. HH Income $35,000–$49,999 9.60% 10.80% 14.40%

INCOME Est. HH Income $25,000–$34,999 9.60% 12.30% 12.30% Est. HH Income $15,000–$24,999 8.10% 9.60% 10.80% 46,683 $644M+ Est. HH Income Under $15,000 7.80% 6.10% 7.10% EST POPULATION ANNUAL HH SPENDING Est. Average Household Income $104,409 $93,087 $80,162 IN 5-MILE RADIUS IN 5-MILE RADIUS Est. Median Household Income $69,459 $61,905 $54,718 Est. White 80.40% 76.30% 70.10% Est. Black 3.90% 4.40% 6.10% Est. Asian or Pacific Islander 5.40% 9.50% 11.20%

$93,087 128,000 RACE Est. American Indian or Alaska Native 0.30% 0.50% 0.50% AVG HH INCOME ADT ALONG NEARBY IN 1-MILE RADIUS INTERSTATE 4 Est. Other Races 10.10% 9.40% 12.10% Est. Hispanic Population 28.90% 28.30% 35.60%

CELEBRATION TRIANGLE RETAIL | DEMOGRAPHICS ATLANTICRETAIL.COM | 33 Confidentiality The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Atlantic Investments and should not be made available to any other person or entity without the written consent of Atlantic Investments. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Atlantic Investments has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Atlantic Investments has not verified, and will not verify, any of the information contained herein, nor has Atlantic Investments conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

CELEBRATION TRIANGLE RETAIL | DEMOGRAPHICS ATLANTICRETAIL.COM | 34 KISSIMMEE, FLORIDA CelebrationRepresentative Photo Triangle Retail

Michael Zimmerman Asking Price: $3,173,717 Michael Zimmerman Asking Price: 919.391.9901 [email protected] Cap Rate: Rate: 6.35% [email protected]