OFFERING MEMORANDUMNAPLES RETAIL CENTER OPPORTUNITY4075 PINE RIDGE RD, NAPLES, FL 34119

PRESENTED BY:PINE GATEPLAZA

A&O CONSULTING

OMEGA TITLE

trinitycre.com9250 Corkscrew Rd | Suite 13 | Estero, FL 33928

© 2018 Trinity Commercial Group, Inc.This information is considered accurate, but not guaranteed.

CONTACT INFORMATION

DOUG OLSONPrincipal239.334.3040doug.olson@trinitycre.com

MATT FREDRICKSONInvestment Sales239.334.3040matt.fredrickson@trinitycre.com

WORLD BAKERY

EXECUTIVE SUMMARYPINE GATE PLAZA

PINE GATEPLAZA

PINE RIDGE RD 30,000± VPD

COLLIER BLVD (S

R 951)25,500± VPD

3± MILES TO

FUTURE

GOLDEN GATE CITY POPULATION

23,960±

OFFERING ADDRESS 4075 Pine Ridge Rd, Naples, FL 34119

BUILDING 24,997

PARKING 101 spaces

YEAR BUILT 1999

AVG LEASE RATE $12.28

ZONING C-3

TRAFFIC COUNTS 30,000 VPD

OFFERING PRICE $4,303,401

NOI (2018 INCOME) $290,479.62

CAP RATE 6.75%

OCCUPANCY 95%

Property: Trinity Commercial Group, Inc. is pleased to present the sale of a 24,997+- square foot retail shopping center located in Naples, FL. Location: The subject site is on the NEQ of Collier Blvd. and Pine Ridge Rd. in Naples, FL. The property is located across the street from Brooks Village, a 65,941 square foot Publix anchored shopping center and two miles south of Mission Hills shopping center anchored by a Winn Dixie that performs in the top third of stores in the market. Brooks Village boasts additional national brands such as Bank of America, MedExpress, Fifth Third, Little Caesar’s and more. Strong Upside Opportunity: With an average rent in the center of $12.28/SF, the current rates are well below comparable properties in the closest trade areas. This represents significant long term upside via rent growth to the new owner. With limited availability in the immediate trade area, the property is uniquely positioned to offer new tenants space for significantly less than they can find elsewhere. In addition to below market rents, the majority of the tenants in the center have attractive annual escalations and limited options remaining giving the new owner the opportunity to reset rents and quickly raise NOI over the next 5 years. High Growth Corridor: The East Naples market has seen explosive growth over the last 5 years as home builders struggle to find undeveloped tracts of land West of Interstate 75. County projections for growth indicate that the number of residents living East of Interstate 75 will outnumber the population living West of Interstate 75 in the next 10 years. Limited Competition: The immediate trade area in which the subject site is located is very tight for small shop space with Brooks Village operating at over 90% occupancy across the street. Crossroads Market, which is the closest retail center to the West along Pine Ridge is also anchored by a very strong Publix and operating at over 98% occupancy. Mission Hills, which is the closest retail center to the North along Collier Blvd. is anchored by a Winn Dixie that ranks in the top third in the market and is also operating at over 98% occupancy.

SOUTHWEST, FLORIDA

NAPLES, FLORIDA

GL HOMESOWNED LAND

550± UNITS GOLF CLUB OF EVERGLADES

325± UNITS LAMORADA

450± UNITS BENT CREEK

166± UNITS TUSCANY POINTE

126± UNITS BRISTOL PINES

108± UNITS CANOPY

90± UNITS BUCKS RUN

370± UNITS IBIS COVE

500± UNITS KEY ROYAL

115± UNITS LAUREL LAKES890± UNITS

INDIGO LAKES

392± UNITS BRITTANY BAY

450± UNITS SUMMIT PLACE

3,401± UNITS ISLAND WALK

198± UNITS FALLS OF POR-

TOFINO

GOLDEN GATE CITY POPULATION

23,960±

VINEYARDSPOPULATION

3,375±

1,121± UNITS ESPLANADE

310± UNITS THE QUARRY

1,400± UNITS HERITAGE BAY

565± UNITS LONGSHORE

LAKE

250± UNITS OLDE CYPRESS 306± UNITS

AMBERTON

URBAN ESTATESPOPULATION

38,658±

10,000± UNITS AVE MARIA

(20± MI FROM I-75)

356± UNITS MALIBU LAKES

PHYSICIANS REGIONAL

PHYSICIANS REGIONAL

BIG CYPRESS ELEMENTARY

GOLDEN GATE ELEMENTARY

ST JOHN NEUMANN

HIGH SCHOOL

GULF COAST HIGH SCHOOL

OAK RIDGE MIDDLE SCHOOL

VINEYARDS ELEMENTARY

SEAGATE CHRISTIAN

SCHOOL

PINE RIDGE RD 30,000± VPD

COLLIER BLVD

(SR 951)25,500± VPD

WHITE BLVD

3± MILES TO

1± MILE TO GOLDEN GATE CITY

FUTURE

130

130

140

140

150

25,500± VPD

30,000± VPD

PINE GATEPLAZA

NORTH SOUTH

WEST EAST

3± MILES TO

FUTURE

2.6± MILES TO VANDERBILT BEACH RD

1± MILE TO GOLDEN GATE CITY

FUTURE

FUTURE

URBAN ESTATESPOPULATION

38,658±

URBAN ESTATESPOPULATION

38,658±

ACTIVE LEASE COMPARABLESPINE GATE PLAZA

# NAME ADDRESS ASKING RATE GLA ANCHOR OCCUPANCY DISTANCE FROM SUBJECT

1 MISSION HILLS 7550 MISSION HILLS DRIVE, NAPLES, FL 34119 $23/SF 85,104± SF WINN DIXIE 98% 3.0± MILES

2 CROSSROADS MARKET 5939 PINE RIDGE RD., NAPLES, FL 34119 $25/SF 125,000 SF PUBLIX, CRUNCH, WALGREENS 98% 2.4± MILES

3 BROOKS VILLAGE 12975 COLLIER BLVD., NAPLES, FL 34116 $20/SF 65,941 SF PUBLIX 91% 0.1± MILES

4 STRIP CENTER 11985 COLLIER BLVD, NAPLES, FL 34116 $18/SF 14,407 SF NONE 89% 1.8± MILES

5 BALDRIDGE CENTER 12285 COLLIER BLVD, NAPLES, FL 34116 $25/SF 6,732 SF *NEW CONSTRUCTION 70% 1.6± MILES

MARKET OVERVIEWPINE GATE PLAZA

PINE GATEPLAZA

A&O CONSULTING

OMEGA TITLE

Definitions of Southwest Florida vary, though its boundaries are generally considered to put it south of the Tampa Bay area, west of Lake Okeechobee, and mostly north of the Everglades and to include Manatee, Sarasota, Charlotte, Lee, and Collier counties. For some purposes, the inland counties of DeSoto, Glades, and Hendry, and the thinly populated mainland section Monroe County, south of Collier, are also included. The region includes four metropolitan ar-eas: the North Port-Bradenton-Sarasota MSA (sometimes alternately considered a part of the Tampa Bay Area to the north), the Cape Coral-Fort Myers MSA, the Naples-Marco Island MSA, and the Punta Gorda MSA. Southwest Florida is one of the fastest-growing areas in the nation, according to the U.S. Census Bureau’s most recent population estimates.

Lee and Collier counties ranked in the top 10 of the nation’s fastest-growing metro areas based on population increases from July 2013 to July 2014. Census figures released today show Lee County added 18,177 people during that span, an increase of 2.7 percent, the sixth-largest increase in the country. Collier ranked No. 10 with an increase of 2.5 percent, adding an esti-mated 8,671 residents. The Census Bureau estimated Lee’s population at 679,513 as of last July and 348,777 for Collier. If both counties grow at their same rates through July 2015 that would put Lee’s population at an estimated 697,860 and Collier’s at 357,496.

Southwest Florida was largely ignored by commercial devel-opers until the late 1800s, and as such, lacks much of the heavier development present in other parts of Florida, such as that found in the central or southern regions of the state. In recent years however, there has been a major real estate boom focusing on downtown Fort Myers (high-rise resi-dential condominiums); southern Lee County (commercial development and high-technology); eastern Collier County (residential development); and eastern parts of Bradenton.

Southwest Florida International Airport, located in South Fort Myers, served over 7.9 million passengers in 2014 and offers non-stop flights to 3 cities in Europe and 2 in Canada, in addi-tion to 36 domestic airports. The area’s secondary airport, Sarasota-Bradenton International Airport, served 2.9 million passengers in 2014. Southwest Florida is served by several major highways, including the Tamiami Trail (U.S. 41) and the Interstate 75 freeway, both of which connect the area to Tampa to the north, and Greater Miami–Ft. Lauderdale to the east. Tour-ism is a major economic driver in the area. In addition, many seasonal residents live in the area during the winter months, as temperatures in south Florida stay very moderate during that time of year.

SOUTHWEST FLORIDA

The city of Naples is the county seat of Collier County, as well as being the principal city of the Naples-Marco Island Metropolitan Statistical Area. The city was originally settled in 1886, with the majority of growth occurring after the depression and World War II. The City is home to a number of major employers, as well as non-profit organizations and Fortune 1000 companies. The Fifth Avenue South and Third Street South corridors are considered to be the heart, or “downtown” of the City of Naples, and this area is a popular retail and shopping destination. The City of Naples also features a number of cultural centers and organizations including The Naples Players, the Opera Naples, the Philharmonic Center for the Arts, the Philharmonic Orchestra and Theatre Zone Equity Theatre Company, the Naples Jazz Orchestra, the Naples Youth Jazz Orchestra and the Naples Philharmonic Youth Orchestra.

According to a recent forecast reported by Bloomberg, Naples- Marco Island economy is expected to see the most economic growth during 2016 (4.9%). As of June 2015, the Naples area has also topped the list for increases in employment during 2015. Bloomberg also stated that Florida retirement communities are now in the lead for fastest growing sectors in our economy, something the Naples area can surely attest to.

According to the 2010 census, 48.5 percent of the Naples population was older than 65. As of Aug 1, 2015, there are 26 assisted living facilities, with an average of 74 beds per facility and a total of nearly 2,000 beds. Median household income is estimated to be $76,591 and the median home value in Naples is $734,100. Naples home values have risen 9.5% over the past year. The area has the second highest proportion of millionaires per capita in the U.S. Naples ranks seventh in the country for both listed homes over $5 million and closed sales over $5 million.

CITY OF NAPLES

Demographic Source: Applied Geographic Solutions 10/2017, TIGER Geography page 1 of 1©2017, Sites USA, Chandler, Arizona, 480-491-1112

Thi

s re

port

was

pro

duce

d us

ing

data

from

priv

ate

and

gove

rnm

ent s

ourc

es d

eem

ed to

be

relia

ble.

The

info

rmat

ion

here

in is

pro

vide

d w

ithou

t rep

rese

ntat

ion

or w

arra

nty.

SUMMARY PROFILE2000-2010 Census, 2017 Estimates with 2022 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 26.2129/-81.6890RS1

4075 Pine Ridge Rd1 mi radius 3 mi radius 5 mi radius

Naples, FL 34119

POPU

LATI

ON

2017 Estimated Population 2,283 43,136 104,606

2022 Projected Population 2,563 48,161 115,489

2010 Census Population 2,221 40,530 93,396

2000 Census Population 2,076 33,130 60,451

Projected Annual Growth 2017 to 2022 2.5% 2.3% 2.1%

Historical Annual Growth 2000 to 2017 0.6% 1.8% 4.3%

2017 Median Age 41.3 39.2 42.8

HO

USE

HO

LDS

2017 Estimated Households 818 15,060 42,266

2022 Projected Households 889 16,256 45,094

2010 Census Households 764 13,451 35,857

2000 Census Households 682 10,792 22,250

Projected Annual Growth 2017 to 2022 1.7% 1.6% 1.3%

Historical Annual Growth 2000 to 2017 1.2% 2.3% 5.3%

RAC

E AN

DET

HN

ICIT

Y

2017 Estimated White 82.8% 75.7% 81.2%

2017 Estimated Black or African American 5.4% 11.1% 8.7%

2017 Estimated Asian or Pacific Islander 1.7% 1.4% 2.1%

2017 Estimated American Indian or Native Alaskan 0.4% 0.5% 0.3%

2017 Estimated Other Races 9.7% 11.4% 7.7%

2017 Estimated Hispanic 34.2% 41.7% 31.0%

INC

OM

E 2017 Estimated Average Household Income $74,629 $76,434 $86,282

2017 Estimated Median Household Income $63,942 $61,967 $67,930

2017 Estimated Per Capita Income $26,731 $26,698 $34,876

EDU

CAT

ION

(AG

E 25

+)

2017 Estimated Elementary (Grade Level 0 to 8) 5.2% 10.6% 7.1%

2017 Estimated Some High School (Grade Level 9 to 11) 8.7% 8.3% 6.3%

2017 Estimated High School Graduate 26.5% 30.2% 28.0%

2017 Estimated Some College 21.3% 16.4% 17.5%

2017 Estimated Associates Degree Only 7.0% 8.2% 8.6%

2017 Estimated Bachelors Degree Only 21.8% 17.1% 20.5%

2017 Estimated Graduate Degree 9.5% 9.2% 12.0%

BUSI

NES

S 2017 Estimated Total Businesses 115 1,330 2,978

2017 Estimated Total Employees 724 8,897 24,392

2017 Estimated Employee Population per Business 6.3 6.7 8.2

2017 Estimated Residential Population per Business 19.8 32.4 35.1

© 2018 Trinity Commercial Group, Inc.This information is considered accurate, but not guaranteed. TCG has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than TCG and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income,expenses, and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information herein is subject to change.

PRESENTED BY:

DOUG OLSONPrincipal239.334.3040doug.olson@trinitycre.com

MATT FREDRICKSONInvestment Sales | Principal239.334.3040matt.fredrickson@trinitycre.comSOUTHWEST FL OFFICE

9250 Corkscrew RdSuite 13 Estero, FL 33928

P: 239.334.3040