LA FITNESS PLAZA

Scale: 105,000 square foot 100% leased shopping center anchored by LA Fitness and Tunie’s Grocery

Location: One of two centers serving affluent Palm Beach Gardens market. Located just off PGA Blvd and the Florida Turnpike

Credit: Strong national credit tenants with very established local concepts. Previous owner has kept center at 100% through duration of their ownership

Below market rents: Most rents in center are 15% below market.

Strong Trade Area: Within a 10 minute drive, there are 403,000 people with an average household income of $87,000.

High Traffic: Located just off of PGA Blvd where more than 45,000 cars pass daily.

CASCADES PLAZA

Scale: 150,000 square foot 100% leased shopping center anchored by BJ’s Wholesale Club, Dick’s Sporting Goods and Tires Plus.

Location: Located in main retail corridor on 12 acres of land adjacent to one million square foot regional mall.

Credit: 100% leased to national credit tenants. BJ’s Lease has 20 tear term and Dick’s and Tires Plus have 10 year term.

New Construction: All new construction completed October 2014.

Strong Trade Area: Trade area has population of 416,000 with daytime population of 132,372 and an average household income of $71,179

High Traffic: Located on NW corner of Riverside Dr and W. Atlantic Blvd where more than 57,500 cars pass daily.

WATERWAY SHOPPES OF WESTON

Scale: 40,000 square foot 90% leased shopping center anchored by Lucille’s Cafe, Offerdahl’s and Mallardi’s Tuscan Grill.

Location: Located on main retail corridor in supply constrained market where there is only 1/4 of the retail per capital of the US average

Off-market: Acquired at $426 per square foot while adjacent centers have traded in excess of $550 per square foot.

Growth: Room to increase average rents from $28 psf to $35 psf.

Demographics: Based on 2010 census data Weston has average city wide household income of $144,000 which is greater than Boca Raton and Coral Gables

High Traffic: 28,000 vehicles per day and adjacent to one million square feet of office properties

BRANDON CENTRE SOUTH

Scale: 133,000 square foot 94% leased shopping center anchored by HomeGoods, Aldi, Burger King and Bonefish Grill.

Location: Located in main retail corridor adjacent to 1.3M square foot regional mall. 3-mile trade area has occupancy of 97%.

Credit: 91% leased to national and regional credit tenants. 63% of non-anchor tenants have been in center for more than 10 years.

Growth: Room to increase net operating income by 20% through leasing and contractual rent growth.

Demographics: Dense area with 91,539 people within 3 miles and expected to grow 8.5% over the next 5 years.

High Traffic: Located on SE corner of Lumsden Rd and Providence Rd where more than 42,000 cars pass daily. Recent freeway extension connects property to downtown Tampa with 14 min drive.