SAM S CLUB PLAZA 315/335 SW PINE ISLAND RD CAPE CORAL, FL 33991

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1 SAM S CLUB PLAZA 315/335 SW PINE ISLAND RD CAPE CORAL, FL 33991

2 EXECUTIVE SUMMARY PROPERTY LOCATION COMPARABLE PROJECTS MARKET OVERVIEW CONTACT INFORMATION TIM SCHNEIDER Principal TONY MANGIONE Principal trinitycre.com 9250 Corkscrew Rd Suite 13 Estero, FL Trinity Commercial Group, Inc. This information is considered accurate, but not guaranteed.

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4 THE OFFERING Trinity Commercial Group, Inc. (TCG) is pleased to present the sale of the last remaining lot available in the Sam s Club development located on Pine Island Rd at Hancock Bridge Pkwy in the heart of Cape Coral, Florida. The subject property, Lot 6, is 7.82± Acres of vacant land substantially improved with infrastructure such as the traffic signal, land clearing & fill, master underground, and installation of the interior frontage road. The site is strategically positioned in the heart of Cape Coral along one of the area s busiest thoroughfares, Pine Island Rd. Almost 40,000 vehicles per day pass by the site, which sits adjacent to a very busy and successful Sam s Club and behind Buffalo Wild Wings, Culver s, Xfinity, Med Express, and Aspen Dental. The property is subject to a Site Development Agreement with Sam s Club, C-1 zoning in the City of Cape Coral and both would have to be amended to allow for multi-family. However, this particular site is the City s Opportunity Zone that allows for variances and the Seller is optimistic approvals are obtainable. The Seller is offering to assist the Buyer to work with the City and Sam s to ensure zoning with maximum densities that could allow for units. Cape Coral boasts high occupancy rates for the few apartment projects that exist and even higher leaseup velocity for the couple projects currently under development. There s high rental demand in this bedroom community of Cape Coral, home to more than 180,000 residents. HIGHLIGHTS PROPERTY OVERVIEW Incredible leasing velocity for existing apartment development and high demand in Cape Coral market for more Existing walkable amenities include grocery store, restaurants, retail, and medical Great access with traffic signal at entry to the property Fantastic signage available on Pylon with Sam s Club Strong demographics Preliminary conversations with the City of Cape Coral determined potential for multi-family development at the subject site PROPERTY LOCATION: LAND SIZE: ZONING: PURCHASE PRICE: Lot 6, 315/335 SW Pine Island Rd, Cape Coral, FL ± Acres CORR Corridor (CCC - City of Cape Coral) $3,900,000

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6 SOUTHWEST, FLORIDA

7 IDENTIFIED OPPORTUNITY ZONE Potential 15% initial capital gain savings Potential 0% capital gains at sale if held for more than 10 years, per IRS regulations For more information: 38,500± AADT PINE ISLAND RD SANTA BARBARA BLVD HANCOCK BRIDGE PKWY DEL PRADO BLVD

8 MULTI-FAMILY CONCEPTUAL CONCEPTUAL PINE ISLAND RD 38,500± AADT

9 325 SW Pine Island Rd Cape Coral, FL mi radius 3 mi radius 5 mi radius 10 mi radius POPULATION 2018 Estimated Population 4,411 57, , , Projected Population 5,205 67, , , Census Population 3,705 48, , , Census Population 2,178 28,810 75, ,891 Projected Annual Growth 2018 to % 3.4% 3.2% 2.9% Historical Annual Growth 2000 to % 5.5% 5.1% 2.6% 2018 Median Age HOUSEHOLDS RACE AND ETHNICITY 2018 Estimated Households 1,530 20,736 53, , Projected Households 1,680 22,504 57, , Census Households 1,303 17,869 45, , Census Households ,415 28, ,545 Projected Annual Growth 2018 to % 1.7% 1.5% 1.3% Historical Annual Growth 2000 to % 5.5% 4.9% 2.4% 2018 Estimated White 84.3% 83.4% 84.9% 81.1% 2018 Estimated Black or African American 6.1% 6.5% 5.9% 9.8% 2018 Estimated Asian or Pacific Islander 1.9% 2.2% 2.2% 1.8% 2018 Estimated American Indian or Native Alaskan 0.3% 0.3% 0.3% 0.4% 2018 Estimated Other Races 7.4% 7.5% 6.6% 6.9% 2018 Estimated Hispanic 31.4% 26.6% 23.0% 19.2% INCOME EDUCATION (AGE 25+) BUSINESS 2018 Estimated Average Household Income $57,343 $61,309 $64,163 $62, Estimated Median Household Income $52,759 $54,649 $56,765 $53, Estimated Per Capita Income $19,947 $22,110 $23,836 $26, Estimated Elementary (Grade Level 0 to 8) 5.8% 4.3% 3.8% 4.8% 2018 Estimated Some High School (Grade Level 9 to 11) 8.1% 7.5% 6.7% 7.3% 2018 Estimated High School Graduate 38.7% 36.6% 35.9% 33.4% 2018 Estimated Some College 21.2% 22.1% 22.3% 21.4% 2018 Estimated Associates Degree Only 7.9% 9.9% 10.0% 8.6% 2018 Estimated Bachelors Degree Only 13.0% 13.8% 14.2% 15.7% 2018 Estimated Graduate Degree 5.3% 5.8% 7.1% 8.8% 2018 Estimated Total Businesses 283 2,302 4,526 17, Estimated Total Employees 2,660 18,615 34, , Estimated Employee Population per Business Estimated Residential Population per Business

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11 COMPARABLE PROJECTS 1. CABANA CLUB SOUTH [50 units] 96% occupancy, $ $1.00 SF 10 MILE RADIUS 2. MIDTOWN CAPE CORAL [90 units] 100% leased, $1.41 SF 3. CORALINA APARTMENTS [186 units] 94% occupancy, $ $1.62 SF 4. UPTOWN AT LIBERTY PARK [320 units] $ $1.92 SF 5. THE CROSSINGS AT CAPE CORAL [168 units] Low income, 98% occupancy 5 MILE RADIUS 3 MILE RADIUS 1 MILE RADIUS

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13 IN 2017 FORBES NAMED CAPE CORAL #1 OUT OF 25 IN AMERICA S FASTEST GROWING CITIES OF 2017 Cape Coral is a city located in Lee County, Florida, United States, on the Gulf of Mexico. Founded in 1957 and developed as a planned community, the city grew to a population of 154,305 by the year The city s population estimate was 165,831 for 2013 and 179,804 for With an area of 120 square miles, Cape Coral is the largest city between Tampa and Miami. It is a principal city in the Cape Coral Fort Myers, Florida Metropolitan Statistical Area. The population estimate for the statistical area was 679,513 for The city is known as a Waterfront Wonderland ; with over 400 mi of navigable waterways, Cape Coral has more miles of canals than any other city in the world. Cape Coral history began in 1957 when two brothers from Baltimore, Maryland, Leonard and Jack Rosen, flew over the peninsula known as Redfish Point, across the Caloosahatchee River near present-day Fort Myers. Cape Coral was founded as Redfish Point. Leonard and Jack Rosen, who were real-estate developers, purchased a 103-square-mile tract known as Redfish Point for $678,000 in that year and, in 1958, began development of the city as a masterplanned, pre-planned community. The Gulf American Land Corporation (GALC), was formed to develop the area. Canals were dug, streets paved, houses and businesses built. Cape Coral was promoted like no other Florida development. Celebrities were brought in to tout the benefits of the Cape, as it is known locally. The first building in Cape Coral, even before any houses were constructed, was the Rosen s sales office. It was built right on the spot where George s Auto now stands, at Cape Coral and Coronado Pkwys. Cape Coral s first permanent resident was Kenny Schwartz, the Rosens general manager.cape Coral s first four homes were completed in May 1958, on Riverside and Flamingo Drives. Development continued through the early 1960s, mostly on Redfish Point, south of Cape Coral Parkway. By 1963, the population was 2,850; 1,300 buildings had been finished or were under construction; 80 mi of road had been built, and 160 mi of canals had been dug. The public yacht club, a golf course, medical clinic and shopping center were up and running. A major addition for Cape Coral was the construction of the 3,400 feet long Cape Coral Bridge across the Caloosahatchee River, which opened in early Before the bridge, a trip to Fort Myers was more than 20 mi via Del Prado Boulevard and over the Edison Bridge to cross the river.

14 CONTACT US TIM SCHNEIDER Principal TONY MANGIONE Principal Corkscrew Rd Suite 13 Estero, FL Trinity Commercial Group, Inc. This information is considered accurate, but not guaranteed.