KINGS PARK8106 OLD KINGS ROAD SOUTHJACKSONVILLE, FL 32217

Tim HerbertAdvisor904.401.1370tim.herbert@svn.com

SVN | ALLIANCE COMMERCIAL REAL ESTATE ADVISORS | 3316A BEACH BLVD., JACKSONVILLE, FL 32207 SALE BROCHURE

OFFERING SUMMARY

Sale Price: $1,300,000

Cap Rate: 8.56%

NOI: $111,270

Lot Size: 0.69 Acres

Year Built: 2008

Building Size: 14,663 SF

Zoning: PUD

Market: San Marco

Submarket: Brierwood

Price / SF: $88.66

Parking: 60 Spaces

PROPERTY OVERVIEW

SVN | Alliance is proud to bring this fantastic neighborhoodretail strip center to market. Strategically positioned North ofBaymeadows Road and South of Powers Avenue this propertyboasts an incredibly dense residential population and strongtraffic counts. This property is an ideal location for a variety ofuses. Current under market rents give massive upside potentialto substantially increase returns on this already producingproperty.

PROPERTY HIGHLIGHTS

• Ideal 1031 Exchange

• Under Market Rents give the new owner an opportunity to addeven more value to this property

• 16.12% Actual Cash on Cash Return

• 9.8% Pro-forma Cap Rate

• No Deferred Maintenance on this Pristine Property

Property Summary

KINGS PARK | 8106 OLD KINGS ROAD SOUTH, JACKSONVILLE, FL 32217 SVN | Alliance Commercial Real Estate Advisors | Page 2

The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy andcompleteness. All SVN® offices are independently owned and operated.

*Pro-Forma modeling assumes filling vacant unit and modest rent increase across the center to long term month to month tenants

currently paying under market rates.

INVESTMENT OVERVIEW CURRENT *PRO-FORMA

Price $1,300,000 $1,300,000

Price per SF $88.66 $88.66

CAP Rate 8.6% 9.8%

Cash-on-Cash Return (yr 1) 16.12 % 22.51 %

Total Return (yr 1) $64,941 $81,572

Debt Coverage Ratio 1.6 1.84

OPERATING DATA CURRENT PRO-FORMA

Gross Scheduled Income $151,804 $168,435

Total Scheduled Income $151,804 $168,435

Vacancy Cost $0 $0

Gross Income $151,804 $168,435

Operating Expenses $40,534 $40,534

Net Operating Income $111,270 $127,901

Pre-Tax Cash Flow $41,902 $58,533

FINANCING DATA CURRENT PRO-FORMA

Down Payment $260,000 $260,000

Loan Amount $1,040,000 $1,040,000

Debt Service $69,368 $69,368

Debt Service Monthly $5,780 $5,780

Principal Reduction (yr 1) $23,039 $23,039

Financial Summary

KINGS PARK | 8106 OLD KINGS ROAD SOUTH, JACKSONVILLE, FL 32217 SVN | Alliance Commercial Real Estate Advisors | Page 3

The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy andcompleteness. All SVN® offices are independently owned and operated.

Additional Photos

KINGS PARK | 8106 OLD KINGS ROAD SOUTH, JACKSONVILLE, FL 32217 SVN | Alliance Commercial Real Estate Advisors | Page 4

The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy andcompleteness. All SVN® offices are independently owned and operated.

KINGS PARK | 8106 OLD KINGS ROAD SOUTH JACKSONVILLE, FL 32217 SVN | Alliance Commercial Real Estate Advisors | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Additional Photos

Site Plan

KINGS PARK | 8106 OLD KINGS ROAD SOUTH, JACKSONVILLE, FL 32217 SVN | Alliance Commercial Real Estate Advisors | Page 6

The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy andcompleteness. All SVN® offices are independently owned and operated.

KINGS PARK | 8106 OLD KINGS ROAD SOUTH JACKSONVILLE, FL 32217 SVN | Alliance Commercial Real Estate Advisors | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

Retailer Map

Location Maps

KINGS PARK | 8106 OLD KINGS ROAD SOUTH, JACKSONVILLE, FL 32217 SVN | Alliance Commercial Real Estate Advisors | Page 8

The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy andcompleteness. All SVN® offices are independently owned and operated.

POPULATION 1 MILE 3 MILES 5 MILES

Total population 8,656 57,266 154,468

Median age 38.2 35.9 36.0

Median age (Male) 35.5 34.2 34.4

Median age (Female) 42.8 38.6 38.1

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 3,795 24,150 65,078

# of persons per HH 2.3 2.4 2.4

Average HH income $59,047 $65,329 $67,142

Average house value $196,928 $221,263 $265,464

* Demographic data derived from 2010 US Census

Demographics Map

KINGS PARK | 8106 OLD KINGS ROAD SOUTH, JACKSONVILLE, FL 32217 SVN | Alliance Commercial Real Estate Advisors | Page 9

The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy andcompleteness. All SVN® offices are independently owned and operated.

KINGS PARK | 8106 OLD KINGS ROAD SOUTH JACKSONVILLE, FL 32217 SVN | Alliance Commercial Real Estate Advisors | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and

completeness. All SVN® offices are independently owned and operated.

FL #SL3411949

TIM HERBERT

Advisor

tim.herbert@svn.comDirect: 904.401.1370 | Cell: 904.401.1370

PROFESSIONAL BACKGROUNDTim Herbert is an Advisor of SVN | Alliance, with over 16 years as an investor and commercial real estate representation. Tim’s experienceencompasses site selection, lease negotiations and asset underwriting through numerous entrepreneurial ventures. Tim is also a member ofthe Corporate Real Estate Services team on a national basis, which has an extensive client base and global capabilities.

A licensed real estate agent in FL, Tim has a strong focus in retail landlord representation, tenant representation, and property sales. Timexcels at repositioning properties in which to maximize profits for his clients. Tim draws heavily on extensive experience as a small businessowner and manager to assist others in realizing the potential of their real estate portfolios from the viewpoint of both owner and tenant.Leveraging this background gives Tim a unique perspective on the value that can be created for his clients in any given transaction.

Tim Herbert serves as the treasurer to the North Florida Chapter of CCIM. He is also active in ICSC, the Jacksonville Chamber of Commerce andhas acted as a consultant for the Citizens of Orange Park for Economic Development. In addition to work, Tim enjoys spending time with hisdaughter, fishing and rock climbing. Tim also enjoys the creative process through painting, photography and traditional leather work.

The SVN organization is comprised of over 1,600 Advisors and staff in more offices in the United States than any other commercial real estatefirm and continues to expand across the globe. Geographic coverage and amplified outreach to traditional, cross-market, and emergingbuyers and tenants is the only way to achieve maximum value for our clients. This is why we proactively promote properties and share feeswith the entire industry. This is our unique Shared Value Network and just one of the many ways that SVN Advisors create amazing value withour clients, colleagues and communities.

In 2016 and 2017 we were named the 6th most recognized commercial real estate brand by the Lipsey Company.

SVN | Alliance is located in Jacksonville, Florida and provides sales, leasing, tenant representation, and corporate real estate services. SVNadvisors represent clients in billions of dollars annually in auction, distressed assets, golf and resorts, hospitality, industrial, institutional capitalmarkets, land and development, medical office, multifamily, office, restaurant, retail self storage, single family rental portfolios and singletenant investments. All SVN offices are independently owned and operated.

MEMBERSHIPS

ICSCJax Chamber of CommerceCCIM North District Treasurer

SVN | ALLIANCE COMMERCIAL REAL ESTATE ADVISORS3316A Beach Blvd.

Jacksonville, FL 32207904.503.2723

Tim's Bio