Christian Brothers - Land O' Lakes, FL by STRIVE

Representative Photo

LAND Oâ&#x20AC;&#x2122; LAKES, FL

CHRISTIAN BROTHERS AUTOMOTIVE - LAND O’ LAKES

PRICING & FINANCIAL ANALYSIS

FINANCIAL ANALYSIS

CBAC - Land O’ Lakes 23650 Venezia Drive Land O’ Lakes, FL 34639

Offering Summary Price Cap Rate Net Operating Income Year Built Lot Size

6.00% $192,618 2012 0.81 Acres

Lease Summary Lease Term

15 Years

Lease Commencement

9/7/2012

Lease Expiration

9/30/2027

Remaining Term

10 Years

Lease Type Increases Options Options to Purchase

NNN Tenant 1.5% Annually 5 x 10 Year No

Annualized Operating Data Primary Term Yr 1: Yr 2: Yr 3: Yr 4: Yr 5: Yr 6: Yr 7: Yr 8: Yr 9: Yr 10: Yr 11: Yr 12: Yr 13: Yr 14: Yr 15:

Commencement 9/7/2012 10/1/2013 10/1/2014 10/1/2015 10/1/2016 10/1/2017 10/1/2018 10/1/2019 10/1/2020 10/1/2021 10/1/2022 10/1/2023 10/1/2024 10/1/2025 10/1/2026

Net Operating Income

Annual $178,800 $181,482 $184,204 $186,967 $189,772 $192,618 $195,508 $198,440 $201,417 $204,438 $207,505 $210,617 $213,777 $216,983 $220,238

Increase 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%

MARKET OVERVIEW

Roof & Structure

Representative Photo

4,921 SF

PROPERTY DESCRIPTION

Gross Leasable Area

$3,210,000

$192,618

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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 Vitorino Group and Pierson Retail Advisors

CHRISTIAN BROTHERS AUTOMOTIVE - LAND O’ LAKES

TENANT & LEASE INFORMATION

FINANCIAL ANALYSIS

Tenant Summary Tenant Ownership

Christian Brothers Automotive Private

Market Cap

See Agent For Details

Sales Volume

See Agent For Details

Number of Locations Years In Business Headquarters Website

PROPERTY DESCRIPTION

Christian Brothers Automotive was founded in 1982 because there was a void in the auto repair industry. Customer service and honest, genuine auto repair service was tough to find. They haven’t changed their focus in thirty years. They still have some of the original employees on board, and they still believe that it’s possible to provide the best auto repair service with the best customer service. In 2008, Christian Brothers announced a growth initiative that would take their brand to approximately 200 stores throughout the southeast, lower midwest and southwest United States by 2017.

125+ 30+ Years Houston, TX www.cbac.com

MARKET OVERVIEW

Notes:

CHRISTIAN BROTHERS AUTOMOTIVE - LAND O’ LAKES

INVESTMENT HIGHLIGHTS

FINANCIAL ANALYSIS

• Long-Term Absolute Triple-Net Lease • Zero Landlord Responsibility • 10 Years Left on Primary Term with Options up to 65 Years • One and One-Half Percent Annual Rent Escalations

PROPERTY DESCRIPTION

• Strong Corporate Guarantee • Located Along State Highway 54 in Dense Retail Area of Land O’ Lakes • Surrounding National Retailers Include LA Fitness, Belk, Publix Grocery Store, Winn Dixie Grocery Store, Wells Fargo, Starbucks, AutoZone and Dunkin Donuts among Many Others. • High Growth Area – Population Increased by over 125% Since 2000

has MARKET OVERVIEW

• Average Household income within a 5-Mile Radius is 1.2x the National Average • Traffic Counts Along State Hwy 54 are over 57,000 Vehicles per Day

ELEVATION

CHRISTIAN BROTHERS AUTOMOTIVE - LAND O’ LAKES

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW

Note: this is the generic evelation plan for a typical Christian Brothers Automotive location. Actual subject property may vary depending on location. 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 Vitorino Group and Pierson Retail Advisors

SITE PLAN

CHRISTIAN BROTHERS AUTOMOTIVE - LAND O’ LAKES

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW

Note: this is the generic site plan for all Christian Brothers Automotive locations. Actual subject property may vary depending on location. 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 Vitorino Group and Pierson Retail Advisors

AERIAL MAP

CHRISTIAN BROTHERS AUTOMOTIVE - LAND O’ LAKES

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

Representative Photo

HWY 54

MARKET OVERVIEW 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 Vitorino Group and Pierson Retail Advisors

LOCAL MAP

CHRISTIAN BROTHERS AUTOMOTIVE - LAND O’ LAKES

FINANCIAL ANALYSIS PROPERTY DESCRIPTION MARKET OVERVIEW 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 Vitorino Group and Pierson Retail Advisors

REGIONAL MAP

CHRISTIAN BROTHERS AUTOMOTIVE - LAND O’ LAKES

MARKET SUMMARY

CHRISTIAN BROTHERS AUTOMOTIVE - LAND O’ LAKES

FINANCIAL ANALYSIS PROPERTY DESCRIPTION

TAMPA BAY-ST. PETERSBURG-CLEARWATER, FL particularly those near the bay such as Cuban influenced Ybor City, Old Northeast in St. Petersburg, and Palma Ceia and Hyde Park in Tampa contain historic architecture. The area is highly noted for its beaches, with the warm, blue gulf waters and nearly 70 miles of barriers islands attracting tourists from all over the world. Perhaps the most well known and anticipated events are those from Tampa’s annual celebration of “Gasparilla”, particularly the Gasparilla Pirate Festival, a mock pirate invasion held since 1904 in late January or early February. Often referred to as Tampa’s “Mardi Gras”, the invasion flotilla led by the pirate ship, Jose Gasparilla, and subsequent parade draw over 400,000 attendees, contributing tens of millions of dollars to the city’s economy.

MARKET OVERVIEW

The Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area is defined by the United States Census Bureau as Hernando, Hillsborough, Pasco, and Pinellas counties. The four-county area is composed of roughly 2.9 million residents, making it the second largest metropolitan statistical area in the state, and the fourth largest in the Southeastern United States, behind Miami, Washington, D.C. and Atlanta. The Tampa Bay Area consists mainly of two peninsulas jutting out into the Gulf of Mexico and the Tampa Bay. T ampa Bay serves as the gateway to the Florida High Tech Corridor which spans 23 counties. Created as a partnership between several Florida universities, the Florida High Tech Corridor promotes the growth of the high-tech industry across Central Florida. Tampa Bay is home to many information technology firms along with many business services providers including Bank of America, JPMorgan Chase, USAA and State Farm. The Tampa Bay area is home to a high concentration of quality art museums. Long established communities,

DEMOGRAPHIC SUMMARY

CHRISTIAN BROTHERS AUTOMOTIVE - LAND O’ LAKES

Geography: 5 Miles

FINANCIAL ANALYSIS

Population In the identified area, the 2016 population was 95,788. The rate of change since 2000 was 125.30%. The five-year projection for the population in the area was 105,010 representing a change of 9.63% from 2016 to 2021. The population was 49.1% male and 50.9% female. The median age in this area was 39.0, compared to U.S. median age of 38.0.

Households There were 34,134 households in your selected geography in 2016. The number of households has changed by 122.00% since 2000. It is estimated that the number of households in your area will be 37,116 in 2021, which represents a change of 8.74% in five years. The average household size in your area in 2016 was 2.80 persons.

PROPERTY DESCRIPTION

Income In 2016, the median household income for your selected geography was $76,740, compared to the Entire US average which was $54,149. It is estimated that the median household income in your area will be $86,691 in 2021, which represents a change of 12.97% from 2016. The per capita income in your area was $33,780, compared to the Entire US average, which was $29,472. The average household income in your area was $94,621, compared to the Entire US average which was $77,008.

Race and Ethnicity The 2016 racial makeup of your selected area was as follows: 79.1% White,8.3% Black, 0.3% Native American and 5.9% Asian/Pacific Islander. Compare these to Entire US averages which were: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander. People of Hispanic origin are counted independently of race. People of Hispanic origin made up 19.1% of the population in your selected area. Compare this to the Entire US average of 17.9%.

Housing MARKET OVERVIEW

In 2016, there were 26,077 owner occupied housing units in your area and there were 8,056 renter occupied housing units in your area. Median home value in the area was $229,822, compared to a median home value of $198,891 for the U.S.

Employment In 2016, there were 47,820 employees in your selected area, this is also known as the daytime population. 73.0% of employees were employed in white-collar occupations in this geography, and 11.7% were employed in blue-collar occupations. In 2016, unemployment in this area was 4.0%. Demographic data © 2016 esri 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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2017 Vitorino Group and Pierson Retail Advisors

DEMOGRAPHIC STATISTICS

CHRISTIAN BROTHERS AUTOMOTIVE - LAND O’ LAKES

1-Mile

3-Miles

5-Miles

Income

2000 Population

2,394

22,263

42,516

2010 Population

4,136

33,793

84,735

2016 Population

5,135

37,443

95,788

2021 Population

5,697

40,712

105,010

Households

1-Mile

3-Miles

5-Miles

$ 0 - $14,999

3.8%

5.5%

5.6%

$ 15,000 - $24,999

7.6%

6.6%

5.5%

$ 25,000 - $34,999

5.6%

7.8%

6.8%

$ 35,000 - $49,999

12.1%

13.7%

11.6%

$ 50,000 - $74,999

17.7%

18.4%

19.0%

$ 75,000 - $99,999

20.1%

15.6%

15.5%

$100,000 - $149,999

23.2%

21.1%

21.6%

3-Miles

5-Miles

$150,000 - $199,999

5.5%

6.2%

8.1%

2000 Households

849

8,024

15,375

$200,000+

4.5%

5.1%

6.3%

2010 Households

1,551

12,379

30,704

2016 Median Household Income

$77,924

$71,256

$76,740

2016 Households

1,887

13,500

34,134

2016 Per Capita Income

$31,807

$31,951

$33,780

2021 Households

2,077

14,566

37,116

2016 Average Household Income

$89,318

$88,181

$94,621

2016 Daytime Population

2,746

18,643

47,820

2016 Average Household Size

2.72

2.77

2.80

2010 Owner Occupied Housing Units

81.1%

76.7%

72.9%

2010 Renter Occupied Housing Units

13.1%

13.7%

18.1%

2010 Vacant

5.8%

9.6%

9.0%

2016 Owner Occupied Housing Units

78.2%

74.2%

70.1%

2016 Renter Occupied Housing Units

16.0%

17.1%

21.6%

2016 Vacant

5.8%

8.8%

8.3%

2021 Owner Occupied Housing Units

78.6%

74.3%

70.2%

2021 Renter Occupied Housing Units

16.2%

17.4%

21.9%

2021 Vacant

5.2%

8.3%

7.9%

PROPERTY DESCRIPTION

1-Mile

FINANCIAL ANALYSIS

Population

Traffic Counts

MARKET OVERVIEW

57,500

15,067

CONFIDENTIALITY AGREEMENT The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Vitorino Group and Pierson Retail Advisors and it should not be made available to any other person or entity without the written consent of Vitorino Group and Pierson Retail Advisors. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Vitorino Group and Pierson Retail Advisors. This offering memorandum has been prepared to provide summary, unverified financial and physical 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. Vitorino Group and Pierson Retail Advisors 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 local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenantâ&#x20AC;&#x2122;s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Vitorino Group and Pierson Retail Advisors has not verified, and will not verify, any of the information contained herein, nor has Vitorino Group and Pierson Retail Advisors 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. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE VITORINO GROUP AND PIERSON RETAIL ADVISORS AGENT FOR MORE DETAILS.

Net Lease Disclaimer Vitorino Group and Pierson Retail Advisors hereby advises all prospective purchasers of Net Leased property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, the Vitorino Group and Pierson Retail Advisors has not and will not verify any of this information, nor has the Vitorino Group and Pierson Retail Advisors conducted any investigation regarding these matters. The Vitorino Group and Pierson Retail Advisors makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. The Vitorino Group and Pierson Retail Advisors expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property. By accepting this Marketing Brochure you agree to release The Vitorino Group and Pierson Retail Advisors and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

Information About Brokerage Services

efore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an

intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: (1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

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