CBRE, Inc. | Licensed Real Estate Broker

Former Bank Branch-699 Rotonda Blvd. WFOR SALE

ROTONDA, FLORIDA 33947

PRESENTED BY

Paul RutledgeFirst Vice President +1 813 273 8471+1 941 228 2198 cell paul.rutledge@cbre.com

Kelsey CanslerSales Associate+1 813 273 8426+1 813 843 2628 cellkelsey.cansler@cbre.com

AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENTCBRE, Inc. operates within a global family of companies with many subsidiaries and/or 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 may represent various clients with competing interests in the same transaction. For example, this Memorandum may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the property described in this Memorandum (the “Property”) may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction described in this Memorandum and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction described in this Memorandum.

This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.

This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties

are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.

Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.

The Owner expressly reserved 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 with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc.

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

© 2017 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. 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.

TABLE OF CONTENTS

Executive Summary 4

Property Facts .........................................4

Property Summary ................... 6

Property Description ................................6

Population Density Map. ......................... 7

Demographic Heat Map .........................8

Area Retailers .........................................9

Market Statistics ...............................10-11

Strengths & Opportunities .....................12

Demographics ......................................13

EXECUTIVE SUMMARY

Paul RutledgeFirst Vice President +1 813 273 8471+1 941 228 2198 cell paul.rutledge@cbre.com

Kelsey CanslerSales Associate+1 813 273 8426+1 813 843 2628 cellkelsey.cansler@cbre.com

4

EXECUTIVE SUMMARY

Introduction

CBRE is pleased to offer for sale a ±3,186 SF vacant bank branch building and property located at 699 Rotonda Blvd. W, Rotonda FL. The property is being marketed as a vacant building for a potential owner-occupant or an investor with an alternative use

• Located in the unique Rotonda West community

• Located at a signalized intersection of Rotonda Blvd. & Placida Road

• Easy access and excellent visibility

• Adequate parking for various uses

• Two drive-thru lanes

• Excellent signage opportunity

• Additional land for development

• Restriction against use as a financial institution for 2 years.

BANK BUILDING PROPERTY FACTS

Address: 699 Rotonda Blvd. W, Rotonda FL 33947

Building Size (GLA): ±3,186 SF with 2 drive-thru lanes

Year Built: 1994

Land Area: ±2.39 Acres

Parking: ±36 spaces / 11.29 per 1,000 SF

Zoning: Commercial General - Charlotte County

Asking Price: $690,000

BANK BUILDING PROPERTY FACTS

Address: 699 Rotonda Blvd. W, Rotonda FL 33947

Building Size (GLA): ±3,186 SF with 2 drive-thru lanes

Year Built: 1994

Land Area: ±2.39 Acres

Parking: ±36 spaces / 11.29 per 1,000 SF

Zoning: Commercial General - Charlotte County

Asking Price: $690,000

PROPERTY SUMMARY

PROPERTY DESCRIPTIONADDRESS : 699 Rotonda Blvd. W, Rotonda FL 33947

LOCAT ION: Located in Rotonda West, Florida, at the intersection of Rotonda Blvd. & Placida Rd.

BUI LD ING OWNERSHIP:

Wells Fargo

BUI LD ING S IZE :

±3,186 SF - VACANT

PROPERTY DESCR IPT ION:

Wells Fargo-Rotonda consists of a free-standing building of 3,186 square feet.

LAND AREA : 103,983 square feet or ±2.39 AC

YEAR BU I LT: 1994

PARK ING : ±36 parking spaces

ZONING : CG-Commercial General - Charlotte County

TRAFF IC : Placida Road- 14,200 AADT

CONDIT IONS : • Buyer to analyze and determine through investigaation by professional services.

• May not be used as financial institution for 2 years.

NO REPRESENTATIONS OR WARRANTIES BY SELLER. BUYER AND ITS PROFESSIONALS MUST DETERMINE COST FOR ASSOCIATION ASSESSMENTS, COSTS, TAXES, INSURANCE, AS MAY BE APPLICABLE.

SUBJECT PROPERTY

6

SUBJECT PROPERTY

W E L L S F A R G O - 6 9 9 R O T O N D A W - R O T O N D A

7p R O p E R T y S u m m A R y

SUBJECT PROPERTY

8

Discount Beverage

Depot

LEMON BAY GOLF

CLUB

CAPE HAZE

MARINA

ROTONDA GOLF AND COUNTRY CLUB-THE

HILLS COURSE

SubjectProperty

W E L L S F A R G O - 6 9 9 R O T O N D A W - R O T O N D A

9p R O p E R T y S u m m A R y

10

173,357Charlotte County Population

8.41% Population

Growth 2010-2016

7.9%2016-2021

Projected Job Growth

DECEMBER 2016UNEMPLOYMENT

4.3%2.5%

FORT MYERSJOB GROWTH

Single Family Home Sales 2016 to 2017

+18%

VERY HIGH ECONOMIC VITALITY

Charlotte County

ABSORPTION

Over the past two years Charlotte County retail market has experienced a significant amount of positive activity experiencing nearly 56,000 sq. ft. of net absorption in 2015 and over 104,000 sq. ft. in 2016. Year-to-date the figure remains positive as well with 5,529 sq. ft. currently recorded. With 80,000 sq. ft. of leasing activity concurrently recorded in 2017, one should expect this net absorption figure to increase.

VACANCY/RATES

Following the previous peak, vacancy across Charlotte County has averaged around 6.6%. This rate does leave some room for improvement as prerecession levels often fell below the 4% mark. Asking NNN rates are closing in on the $13.00 level year-to-date ($12.84) but still short of the peak levels of nearly $18.00 per sq. ft. These peak rates also coincided with a construction boom across Charlotte County and with many new assets flooding the market rates were pushed significantly higher.

UNDER CONSTRUCTION/PROPOSED PROJECTS

In 2017, one retail property is currently under construction in Charlotte County. The Racetrac on 3101 S McCall Rd in Englewood is set to deliver later this year. This project is an extension of a recent push across the state by convenience store retailers, such as Wawa and Racetrac, to expand their Florida presence.

In terms of proposed projects there are currently two in the pipeline totaling 217,500 sq. ft. The largest is a 200,000 sq. ft. proposed center in Tuckers Grade, Punta Gorda. With the recent announcement that up to 2,400 homes are slated to be built by a local developer in the same area one should expect other development announcements to be forthcoming. The other proposed project in the pipeline is also in Punta Gorda and is a 17,000 sq. ft. center on Tamiami Trail. The site is located at the primary entrance to the Punta Gorda city center district.

W E L L S F A R G O - 6 9 9 R O T O N D A W - R O T O N D A

11p R O p E R T y S u m m A R y

Rotonda West RETAILH I G H L I G H T S

PROPOSED PROJECTS MOVING

FORWARD

NEW TENANTSTO MARKET

STRENGTHS & OPPORTUNITIES

STRENGTHS

• Improved site

• Existing building with drive-thru lanes

• Signalized corner location

OPPORTUNIT IES

• Can be retrofitted for other preferred uses or used as is

• Large enough to accommodate a high quality national tenant

• Value growth in market

TAX APPRAISER MAP

12

DEMOGRAPHICSDEMOGRAPHIC BRIEF

699 ROTONDA BLVD W 1 MILE 3 MILES 5 MILES

2016 Population - Current Year Estimate 2,584 14,623 33,052

2021 Population - Five Year Projection 2,839 15,747 35,530

2010 Population - Census 2,236 13,637 30,640

2000 Population - Census 1,839 11,350 26,369

2010-2016 Annual Population Growth Rate 2.34% 1.12% 1.22%

2016-2021 Annual Population Growth Rate 1.90% 1.49% 1.46%

2016 Households - Current Year Estimate 1,411 7,301 16,132

2021 Households - Five Year Projection 1,541 7,817 17,239

2010 Households - Census 1,239 6,876 15,139

2000 Households - Census 978 5,477 12,639

2010-2016 Annual Household Growth Rate 2.10% 0.96% 1.02%

2016-2021 Annual Household Growth Rate 1.78% 1.38% 1.34%

2016 Average Household Size 1.83 2.00 2.04

2016 Average Household Income $60,754 $64,750 $63,056

2021 Average Household Income $67,526 $71,834 $69,762

2016 Median Household Income $44,195 $47,541 $46,802

2021 Median Household Income $50,974 $53,194 $52,821

2016 Per Capita Income $32,665 $32,266 $30,982

2021 Per Capita Income $36,155 $35,591 $34,047

2016 Housing Units 2 ,309 11 ,144 25 ,113

2016 Vacant Housing Units 898 38.9% 3,843 34.5% 8,981 35.8%

2016 Occupied Housing Units 1,411 61.1% 7,301 65.5% 16,131 64.2%

2016 Owner Occupied Housing Units 865 37.5% 5,427 48.7% 12,436 49.5%

2016 Renter Occupied Housing Units 546 23.6% 1,874 16.8% 3,695 14.7%

2016 Population 25 and Over 2 ,295 12 ,738 28 ,519

HS and Associates Degrees 1,767 77.0% 9,001 70.7% 19,650 68.9%

Bachelor's Degree or Higher 371 16.2% 2,737 21.5% 6,577 23.1%

2016 Businesses 61 425 1,383

2016 Employees 364 2,601 8,972

©2017 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the propertyfor your needs. Source: Esri Page 1 ProjectID:201301

POPULAT ION

HOUSEHOLDS

HOUSEHOLD INCOME

HOUS ING UN ITS

EDUCAT ION

PLACE OF WORK

W E L L S F A R G O - 6 9 9 R O T O N D A W - R O T O N D A

13p R O p E R T y S u m m A R y

Former Bank Branch-699 Rotonda Blvd. WFOR SALE

ROTONDA, FLORIDA 33947

CONTACT USPaul RutledgeFirst Vice President +1 813 273 847+1 941 228 2198 cell paul.rutledge@cbre.com

Kelsey CanslerSales Associate+1 813 273 8426+1 813 843 2628 cell kelsey.cansler@cbre.com