Representative PhotoOffering Memorandum

4243 East County Road 466The Villages, Florida 34484

New Construction | Opening Feb 2020Brand New, 20-Year Triple Net Lease

Two, Five-Year Option PeriodsFive Percent Rental Increases Every

Five Years Throughout Base Term and Option Periods

Located Directly Outside of The Villages, the Largest Retirement Community in

the United StatesSurrounding National Retailers Include Walmart Supercenter, Publix, The Fresh Market, Marshalls, HomeGoods, Bealls, Walgreens, Arby’s, McDonald’s, Dunkin Donuts, BB&T, Bank of America, Olive Garden, Red Lobster and Many More

CONFIDENTIALITY AND DISCLAIMER

NON-ENDORSEMENT NOTICE

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 Services of Florida, Inc 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.

Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success.Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

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.

NET LEASED DISCLAIMER

Investment Highlights• New Construction | Opening February 2020• Brand New, 20-Year Triple Net (NNN) Lease• Two, Five-Year Renewal Options with Five Percent Rental

Increases Every Five Years Throughout Base Term and Option Periods

• Located Directly Outside The Villages, the Largest Retirement Community in the United States Spanning over 33,000 Acres

• Total Population of The Villages Reached 157,000 Residents• Surrounding National Retailers Include Walmart Supercenter,

Publix, The Fresh Market, Marshalls, HomeGoods, Beall’s, Walgreens, Arby’s, McDonald’s, Dunkin Donuts, BB&T, Bank of America, Olive Garden, Red Lobster and Many More

• Approximately 50 Miles North of Walt Disney World, Orlando International Airport, Universal Studios and Sea World

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 Inc© 2018. All rights reserved.

FINANCIAL OVERVIEW

Overview4243 East County Road 466, The Villages, Florida 34484

Price: $3,880,000Cap Rate: 6.00%Rentable Square Feet: 6,200Annual Rent: $232,800Price PSF: $625.80Land Area: 1.6 AcresYear Built: 2019

Base Term Annual Rent PSF Cap Rate

Lease Years 1-5: $232,800 $37.55 6.00%Lease Years 6-10: $244,440 $39.43 6.30%Lease Years 11-15: $256,662 $41.40 6.62%Lease Years 16-20: $269,495 $43.47 6.95%

Option Periods Annual Rent PSF Cap Rate

Option 1, Years 21-25: $282,970 $45.64 7.29%Option 2, Years 26-30: $297,118 $47.92 7.66%

Lease SummaryTenant: Action Gator TireWebsite: www.ActionGatorTire.comLease Guarantor: CorporateLease Type: NNNLease Term: 20 YearsOption Periods: 2, 5-Year OptionsRent Increases: 5% Every 5 YearsRoof & Structure: TenantCommencement: 2/1/2020 estLease Expiration: 1/31/2040 est

TENANT SUMMARY

Since 1964, Action Gator Tire has offered the best in tires, wheels, and full-service auto repair in the Orlando, Florida area and throughout Central and South Florida. They are proud to be family-owned and operated, that’s expanded to 27 locations across the region—and growing! With all the growth over the years, they’ve kept their dedication to quality products, unmatched workmanship, and friendly, knowledgeable service for every customer. With more than 50 years of service to customers in the Orlando, Tampa, Fort Lauderdale, Ocala, and Sarasota, Florida areas, Action Gator Tire has a rich history of excellence.

At Action Gator Tire, they understand it can be tough to know which auto repair and tire shops are trustworthy. That’s why they’re committed to bringing customers the most reliability, integrity, and quality available in their area.

Action Gator teams strive to build a trusting relationship with customers to become their go-to tire and auto repair shop. When customers have an issue with their car, they understand they need fast, accurate, and cost-effective repairs. They’ll always consider the needs, goals, budget and best interests of the customer when recommending the right tires and the right repair work to keep their car running right. With their outstanding regular maintenance, expert tire sales and service, and full-service repair capabilities, customers will get maximum safety, reliability, performance, and enjoyment from their vehicle for years to come.

No matter where you are in the Central and South Florida area, there’s always an Action Gator Tire close by that’s ready to handle all of your tire and car repair needs. With 27 locations across the state, they bring customers quality products and expert service.

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 Inc© 2018. All rights reserved.

AERIAL

County Road 466

The Villages is the Largest

Retirement Community in the US Spanning over

27,000 Acres

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 Inc© 2018. All rights reserved.

14,500Daily

McDonald’s

Burger King

AERIAL

The VillagesNation’s Largest Retirement

Community with Over 33,000 Acres and Over

157,000 Residents

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 Inc© 2018. All rights reserved.

SUMTER COUNTY, Fla. – It’s 11 a.m. Wednesday and the room is filled with people, mostly in their 60s and 70s, milling around and stretching in their karate uniforms. All falls silent when Sensei Lee Aiello and Don Kennedy, both 75, greet the class. The group begins to flow through karate sequences, and the only sounds are those of limbs slicing through the air and “Hi-ya.”

“Some of you are going soft on me!” yells Kennedy, who has been teaching karate for nearly 50 years. His hair is almost as white as his robe, but his moves are agile and sharp.

Joseph Fenster, the oldest member of the “Karate for Life Club,” 85-year-old Holocaust survivor and a black belt, keeps pace with his peers as he switches from stretches to plank positions and then advanced martial arts moves. He’s the jokester of the class, but his eyes focus behind his glasses when the class is in session.

About a mile away, a dozen women, ranging from their 50s to mid-80s, rehearse their belly dancing routine for an upcoming performance. They shimmy and shake their hips, adorned with bright beaded skirts, and flash bright smiles for their invisible audience.

The “Karate for Life Club” and the “Original Villages Belly Dancers” are just two of 2,500 social clubs offered in The Villages, the largest retirement community for ages 55 and up in the nation. At any given time, multiple groups are gathered throughout the community’s more than 50 recreation centers participating in anything from arts and crafts to zumba and pickleball.

The Villages, located in Sumter County, Florida – about an hour Northwest of Orlando – has been likened to an “adult Disney World.”

The community, geographically larger than Manhattan, features more than 40 golf courses, a polo arena and special events throughout the year. Most of the more than 123,000 residents travel via golf cart, some of which have been upgraded enough to cost more than most cars. Walking down the street, one might see a cart modeled after a fire engine driving past, or a Barbie-pink cart sitting outside a grocery store.

For four years in a row, The Villages has been deemed the fastest-growing metro area in the U.S., with a 4.3 percent population increase between 2015 and 2016, according to the U.S. Census Bureau. It shows no sign of slowing down as the community looks to build thousands of new homes with newly acquired land.

At night, villagers crowd into the community’s three town squares – one of which has a likeness to Disney Springs – where they dance in synchronization around a stage to songs like Katy Perry’s “California Girls” and “Electric Slide.” Happy hour starts at 11 a.m., and all but a few restaurants and bars shut down by 9 p.m.

When every day feels like the weekend, it’s hard to tell one day from the next, says 82-year-old Richard Schluckbier, who moved to The Villages with his wife about seven years ago.

“I only know it’s Sunday because I wear long pants and I sing in the choir,” he laughs. With endless opportunities to remain active, many of the residents repeat one of The Villages’ unofficial mottos: “If you’re bored, it’s your own fault.” Violet Ray, leader of a hula troupe, calls her schedule “crazy.

Click Here to Read Full Article

The Villages Retirement Community: ‘Disney World for Adults’The largest retirement community in the nation allows the elderly to stay young at heart

THE VILLAGES

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 Inc© 2018. All rights reserved.

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 Inc© 2018. All rights reserved.

LOCAL & REGIONAL MAPS

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LOCATION OVERVIEW

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, Inc© 2018. All rights reserved.

Oxford is directly outside of The Villages, the largest single-site residential real estate development in the United States spanning over 33,000 acres in three adjoining counties in Central Florida. The Villages is an active retirement community located in sunny central Florida, an hour north of Orlando near Interstate 75 and the Florida Turnpike. It is close to Florida’s famous tourist attractions and Orlando International Airport. The rapid growth of areas like this has helped Florida become the nation’s third most populous state. The Villages has more than doubled in size since 2010. The total population of The Villages is more than 157,000 people, and the population grows by approximately 4,500 annually. There are 33 executive golf courses and 11 Country Club courses in The Villages. New home sales in The Villages continue to average approximately 200-250 per month.

The Villages, Florida

33,000acres in 3counties

157,000residents

and counting

population has more

than doubled since 2010

View Fill List Here

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 Inc© 2018. All rights reserved.

DEMOGRAPHICS

POPULATION 1 MILE 3 MILES 5 MILES

2010 Population 1,787 20,310 64,4392018 Population 2,355 25,853 79,6432023 Population 2,959 32,154 97,9802018 Male Population 1,097 12,092 37,3252018 Female Population 1,258 13,761 42,3172018 Median Age 69.3 69.6 69.3

RACE & ETHNICITY 1 MILE 3 MILES 5 MILES

American Indian, Eskimo 0.1% 0.1% 0.1%Asian 1.0% 1.0% 1.0%Black 1.8% 1.8% 3.1%Hawaiian/Pacific Islander 0.0% 0.0% 0.0%White 96.5% 96.3% 94.6%Other 0.2% 0.4% 0.6%Multi-Race 0.4% 0.4% 0.5%Hispanic Ethnicity 1.7% 2.2% 2.9%Not of Hispanic Ethnicity 98.3% 97.8% 97.1%

HOUSEHOLDS 1 MILE 3 MILES 5 MILES

2010 Households 937 10,661 33,9762018 Households 1,244 13,631 41,7802023 Households 1,580 17,175 52,187

HOUSEHOLD INCOME 1 MILE 3 MILES 5 MILES

2010 Avg Household Income $66,422 $64,950 $63,0672018 Avg Household Income $79,399 $77,566 $73,3642023 Avg Household Income $90,561 $88,546 $83,6572010 Med. Household Income $54,325 $52,376 $50,7682018 Med. Household Income $64,423 $61,832 $59,7162023 Med. Household Income $73,326 $69,993 $67,9682010 Per Capita Income $34,825 $34,097 $33,2642018 Per Capita Income $41,965 $40,897 $38,4952023 Per Capita Income $48,374 $47,299 $44,565

The Wolfe Retail Group of Marcus & Millichap specializes in the sale of single-tenant properties and shopping centers and has successfully assisted clients in selling over 450 separate commercial properties with a market value exceeding $1.25 billion. Having closed sales in more than 40 states, our track record is evidence that we are one of the premier brokerage teams in the United States.

With our experience and background in various fields such as law and finance, we have proved to be invaluable to our clients, earning their trust and exceeding their expectations while best assisting them in their real estate transactions.

For more about the Wolfe Retail Group or to view all of our available listings, visit www.WolfeRetailGroup.com

About Marcus & MillichapWith over 1,800 investment professionals located throughout the United States and Canada, Marcus & Millichap (NYSE: MMI) is a leading specialist in commercial real estate investment sales, financing, research and advisory services. The firm closed nearly 9,000 transactions in 2017 with a value of approx $42.2 billion.

Marcus & Millichap has been a pioneer in the real estate investment industry and has established a reputation for maximizing value for its clients while fostering long-term relationships built on integrity, trust and service. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. Marcus & Millichap also offers clients access to the most competitive real estate financing through Marcus & Millichap Capital Corporation (MMCC), which maintains relationships with the industry’s leading national, regional and local lenders.

The Wolfe Retail Group has sold over

450 properties in more than

40 states

Barry M. WolfeSenior Managing Director Investments

Barry.Wolfe@marcusmillichap.com(954) 245-3493

Evan WhelanAssociate

Evan.Whelan@marcusmillichap.com(954) 245-3487

Alan LipskyFirst Vice President Investments

Alan.Lipsky@marcusmillichap.com(954) 245-3595

Catie JacksonMarketing Coordinator

Catherine.Jackson@marcusmillichap.com(954) 245-3592

Ashley BarrettTransaction Coordinator

Ashley.Barrett@marcusmillichap.com(954) 245-3416

Charles “Chas” MoodyAssociate

Charles.Moody@marcusmillichap.com(954) 245-3464

Michael TalbertAssociate

Michael.Talbert@marcusmillichap.com(954) 245-3439