OFFERING MEMORANDUM CBRE Inc. | Licensed Real Estate …...and employing more than 10,000. Major companies located in the business park include Cisco, Siemens, Raytheon, Northrop Grumman,

OFFERING MEMORANDUM

Capital Markets | Net Lease Properties

CBRE, Inc. | Licensed Real Estate Broker

Actual Photo

11803 E. COLONIAL DRIVE , ORLANDO, FL 32826

AMSCOT | PRIME ORLANDO RETAIL LOCATION | 100K CARS | 11 YEARS | FIXED RENTAL INCREASES

MARK DRAZEKSenior Vice President Capital Markets | Net Lease Properties

+1 407 496 [email protected]

RAY ROMANOFirst Vice President Capital Markets | Net Lease Properties


EXCLUSIVELY MARKETED BY:

CBRE, Inc. | Licensed Real Estate Broker | © 2018 CBRE, Inc. All Rights Reserved

Image Landsat / Copernicus



E COLONIAL DRIVE | 53,233 CARS DAILY




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Alafaya Commons

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

4INVESTMENT

SUMMARYAERIALS

5AREA OVERVIEW

9DEMOGRAPHICS

& MAPS

12TENANT

OVERVIEW

14

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

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

• ROSS

• BEST BUY

• PETSMART

• BED BATH & BEYOND

• REGAL CINEMAS

• ASHLEY FURNITURE

• LA FITNESS





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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.

PRICE: $3,569,000

ANNUAL RENT: $214,145*

CAP RATE: 6.00%

TENANT: Amscot Corporation

RENTAL INCREASES: 10% every 5 years including options

REMAINING LEASE TERM: 11 Years (Recently exercised their first 10-year option)

OPTIONS: (2) 10-year options

RENT COMMENCEMENT: 2/1/2006

LEASE EXPIRATION: 1/31/2031

LANDLORD OBLIGATIONS: None - Absolute NNN

EXISTING FINANCING: No debt to assume

BUILDING SIZE: 3,200 +/- SF

LAND SIZE: 0.60 +/- acres

PARKING SPACES: 26 spaces (8.1 spaces per 1,000 SF)

YEAR BUILT: 2006

Investment Highlights• 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 property additionally benefits from close proximity to major employers and the University 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 13,500. Central Florida Research Park, a 1027 acre business park, lies between the university 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 and employing more than 10,000. Major companies located in the business park include Cisco, Siemens, Raytheon, Northrop Grumman, Mass Virtual, Inc., Fidelity Technologies, Laser Institute of America, Collins Aerospace, Redcon Solutions Group, Earthrise Space Foundation, US Geological Survey, Astronics Test Systems, Turbine Technology Services Corp, Saab Defense and Security USA, Alight Solutions, Carley Corporation, Quadrant 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 National Center for Forensic Science, and more.

• NO MANAGEMENT: Absolute NNN lease - No landlord management obligations.• HEDGE AGAINST INFLATION: Fixed rental increases throughout entire lease term.• PROVEN LOCATION: Amscot has been at this location for 14 years and has recently

exercised their first 10 year option - A testament to their success at this location.• HIGH DEMAND MARKET: Florida is a preferred state for NNN investors due to strong

growth and the fact there is not state income tax.

Investment Summary

CLICK FRAME TO SEE PROPERTY VIDEO

4

Amscot | Orlando, FL

Investment Summary

*Rent as of 2/1/2021, rent credit to be provided at closing.*Rent as of 2/1/2021, rent credit to be provided at closing.

https://cbre.qumucloud.com/view/2twfL7o7Fxw#/

5


Aerial Looking North

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Alafaya Commons

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Aerial Looking South

E COLONIAL DRIVE | 45,485 CARS DAILY E COLONIAL DRIVE | 45,485 CARS DAILY

N ALAFAYA TRAIL | 53,219 CARS D

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N ALAFAYA TRAIL | 53,219 CARS D

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7


Aerial Looking East

Alafaya Commons

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Aerial Looking West

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N ALAFAYA TRAIL | 58,218 CARS DAILY N ALAFAYA TRAIL | 58,218 CARS DAILY

distance to

84Tampa

miles

141Jacksonville

miles 56Lakeland

miles

56.5Daytona

Beach

miles

236Miami

miles

113Gainesville

miles

9


Area Overview

Orlando, FloridaOrlando 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

improvements are underway. The Orlando International Airport recently began a $4.27 billion

capital improvement project. The airport is the 13th busiest in the United States with over 45

million passengers in 2017.

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

sector is the largest in the metro, accounting for 250,000 jobs. Entertainment industry leaders

like EA- Tiburon, Walt Disney Company, and NBC Universal all have a strong corporate

presence. As a hub for aerospace and defense technology development, Florida harbors major

operations by industry leaders Northrop Grumman and Lockheed Martin.

Retail Current ConditionsRecord-breaking tourism, best in state population gains and tremendous employment growth have all helped strengthen an already robust Orlando retail market. Vacancy has hovered near pre-recession lows for the last sev-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.

Construction ActivitySimilar to other Florida markets, deliveries have slowed in recent years but activity has remained consistent nonetheless. From 2007 to present the mar-ket has averaged over 2.2 million sq. ft. of deliveries. Current construction activity it is also at its highest level since 2008.

Investment ActivityIn 2014 over $750 million in capital flowed into the Orlando retail market. Since that time the market’s fundamentals have improved significantly and investors are doing their best to find investment opportunities in the market.

University of Central Florida

10


Area Overview

UCF has more than 220 degree programs in 13 colleges

16,500+ degrees conferred each year

347,710 degrees conferred as of August 2019

UCF ranks among the nation’s 10 most inno-vative universities.

2nd Largest university in the U.S. with 69,525 enrollment

The Rosen College of Hospitality Manage-ment is ranked the No. 4 hospitality school in the world by CEO WORLD Magazine

$192.1 million Funded Research Fiscal Year 2019

13,500+ Faculty and Staff

American Indian/Alaska Native

Asian

Black/African American

Hispanic/Latinx

International

Multiracial

Native Hawaiian/other/Paci�c Islander

Not Speci�ed

White

46.8%

26.7%

10.7

6.4%

4.4%

3.7%1%

0.1%0.1%

DIVERSE STUDENT POPULATION UNEMPLOYMENT

UNIVERSITY

HEADCOUNT

FALL 2019 -

69,525

69,000

68,000

67,000

66,000

65,000

64,000

63,000 63,016

64,335

66,180

68,558

69,525

Fall 2015

Num

ber

s o

f St

uden

ts

Fall 2016 Fall 2017 Fall 2018 Fall 2019

2.5% Orlando MSA November 2019 unemployment rate

Orlando also has plentiful talent well into the future with more than 500,000 students within a 100-mile radius

Named the 8th best large city in the U.S. for infrastructure

11


Area Overview

CENTRAL FLORIDA RESEARCH PARK - ORLANDO’S TECH HUB ▶ Founded in 1988 by the Orange County Research & Development Authority, a non-profit, tax exempt

entity

▶ U.S. Headquarters for Simulation Training & Modeling employing 10,000 people with a total economic

impact of $1.6 billion

▶ 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

SOME OF THE TENANTS LOCATED WITHIN THE CENTRAL FLORIDA RESEARCH PARK INCLUDE:

▶ Alight

▶ Boeing Company

▶ Cisco Systems, Inc.

▶ General Dynamics

▶ Institute for Simulation & Training

▶ Kaplan University

▶ L-3 Communications

▶ Leidos, Inc.

▶ National Center for Simulation

▶ Northrop Grumman

▶ Qualcomm Incorporated

▶ Raytheon Systems

▶ Siemens

▶ U.S. Department of Defense

4TH 4TH LARGEST research park in the Country

Over 1,000 Acres

Home To Over145 COMPANIES

Employs more than 10,000

1ST LARGEST research park in Florida

$1.6 BILLION total economic impact

© 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 tobe 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 anyresponsibility 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 theInformation. 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:7046392

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%

HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE

2019 Average $55,670 $69,350 $81,295

2019 Median $44,947 $52,264 $59,217

2019 AGE REPORT 1 MILE 3 MILE 5 MILE

Median Age 27.40 29.30 31.10

POPULATION 1 MILE 3 MILE 5 MILE

Population 2010 (Census) 12,577 91,661 205,090

Population 2019 (Estimated) 14,575 102,484 227,322

Population 2024 (Projected) 15,715 109,197 242,342

Historical Annual Population Growth Rate

2010-2019 1.61% 1.21% 1.12%

Projected Annual Population Growth Rate

2019-2024 1.52% 1.28% 1.29%

2019 POPULATION BY RACE 1 MILE 3 MILE 5 MILE

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

radius map

PLACE OF WORK 1 MILE 3 MILE 5 MILE

2019 Businesses 704 2,890 5,272

2019 Employees 8,021 44,204 71,312

12


Demographics



state map





area map

local map

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13


Location Maps

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

than 2.5 million customers with annual revenues

in excess of $220 million. From check cashing and

cash advance services to free money orders and wire

transfers, Amscot offers a wide range of financial

services at some of the most competitive rates in the

financial services industry. We are also open evenings

and weekends, seven days a week. Some locations

are open 24 hours.

Although Amscot has grown and evolved since its

inception, the focus has never changed. We continue

to make life more convenient for customers who

need financial services. Our staff is professional and

friendly, working hard to ensure that you have a

positive customer experience every visit.

Forbes Magazine named Amscot Financial one of

America’s Best Midsize Employers for 2017.

Actual Property

14


Tenant Description

AFFILIATED BUSINESS DISCLOSURECBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

CONFIDENTIALITY AGREEMENTYour receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (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 of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

DISCLAIMERThis Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained

from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

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 discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

© 2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property 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 displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

15


Disclosures

MARK DRAZEKSenior Vice President Capital Markets | Net Lease Properties


CBRE, Inc. | Licensed Real Estate Broker

RAY ROMANOFirst Vice President Capital Markets | Net Lease Properties


EXCLUSIVELY MARKETED BY

ACTUAL PROPERTY PHOTO

CBRE, Inc. | Licensed Real Estate Broker | © 2020 CBRE, Inc. All Rights Reserved

Documents

OFFERING MEMORANDUM CBRE Inc. | Licensed Real Estate …...and employing more than 10,000. Major companies located in the business park include Cisco, Siemens, Raytheon, Northrop Grumman,