PDF Offering Memorandum STARBUCKS & MATTRESSONE

Offering Memorandum

STARBUCKS & MATTRESSONE

Indian Harbour Beach, FL (Melbourne)

Nearest Mattress Firm and

MattressOne are 9 Miles Away;

Nearest Starbucks is 3.5 Miles

CONFIDENTIALITY AND DISCLAIMER

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 Marcus & Millichap Investment Survices of Florida and should not be made available to any other person or entity without the written consent of Marcus & Millichap. 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. Marcus & Millichap 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, PCB's 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, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap 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.

NON-ENDORSEMENT NOTICE

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

SUBJECT PROPERTY

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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Florida? 2018. All rights reserved.

Starbucks is a Relocation Store

- Sales at the New Location Have Increased Significantly

SUBJECT PROPERTY

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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Florida? 2018. All rights reserved.

SUBJECT PROPERTY

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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Florida? 2018. All rights reserved.

Eau Gallie Boulevard

SUBJECT PROPERTY

Drive Thru

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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Florida? 2018. All rights reserved.

Investment Highlights

? Two Brand New, Free-Standing Buildings, Occupied by Two National Tenants - Starbucks and MattressOne

? Both Tenants Have New, 10-Year Leases With Over Nine Years Remaining

? Starbucks has Four, Five-Year Renewal Options with 10 Percent Increases Every Five Years

? MattressOne has Three, Five-Year Renewal Options with 10 Percent Increases Every Five Years

? Surrounding Retailers Include Walmart Supercenter, Publix, Winn Dixie, Bealls, Ross, Office Depot, Panera Bread, Wendy's, McDonald's, Bank of America, Wells Fargo and Many More

? Within Walking Distance to Canova Beach Park

? Six Miles from Orlando Melbourne International Airport

? Nearest Mattress Firm and MattressOne are Nine Miles Away from Subject Property; Nearest Starbucks is 3.5 Miles

? This MattressOne Location is Considered One of the Top Performing Units in the Chain

? Starbucks is a Relocation Store from a Unit that was Less Than 1.5 Miles Away. That Unit Did Not Have a Drive-Thru and Sales in This Location Have Increased Significantly

FINANCIAL OVERVIEW

Property Name

840 East Eau Gallie Blvd, Melbourne, FL 32937

Price: Cap Rate: Rentable Square Feet:

$3,680,000 5.75% 6,100

Net Operating Income:

$211,550

Price PSF:

$603.28

Land Area: Year Built:

1.00 Acre 2018

Tenant Starbucks MattressOne Totals

Square Feet

2,200 3,900 6,100

Annual Rent

$116,000 $95,550 $211,550

Rent PSF

$52.72 $24.50

Lease Commence

1/12/2018 1/18/2018

Lease Expiration

1/31/2028 1/31/2028

Lease Term

Option Periods

Increases

10 Years 4, 5-Year Options 10% Every 5 Years 10 Years 3, 5-Year Options 10% Every 5 Years

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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Florida? 2018. All rights reserved.

FINANCIAL OVERVIEW

Base Term Current-1/31/2023: 2/1/2023-1/31/2028:

Monthly

$9,667 $10,633

Annual

$116,000 $127,600

Rent PSF

$52.73 $58.00

Option Periods 2/1/2028-1/31/2033: 2/1/2033-1/31/2038: 2/1/2038-1/31/2043: 2/1/2043-1/31/2048:

Monthly

$11,697 $12,863 $14,153 $15,568

Annual

$140,360 $154,360 $169,836 $186,819

Rent PSF

$63.80 $70.16 $77.20 $84.92

Base Term Current-1/31/2023: 2/1/2023-1/31/2028:

Monthly

$7,963 $8,759

Annual

$95,550 $105,105

Rent PSF

$24.50 $26.95

Option Periods 2/1/2028-1/31/2033: 2/1/2033-1/31/2038: 2/1/2038-1/31/2043:

Monthly

$9,635 $10,598 $11,658

Annual

$115,616 $127,177 $139,895

Rent PSF

$29.65 $32.60 $35.87

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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services of Florida? 2018. All rights reserved.

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