CLEARWATER, FLORIDA

Clearwater Plaza

Asking Price: Cap Rate: Asking Price: Cap Rate: Asking Price: $4,510,317Cap Rate: 6.30%

MICHAEL ZIMMERMAN + 919.391.9901 + michael@groundandspacepartners.com

Property listed in conjunction with Florida broker Michael Wurtenberger of Northstar Realty of the Palm Beaches, LLC (license 1014833).

Attractive Investment+ New Construction Along Gulf to Bay Blvd. (55.5K+ADT)

+ Leases Feature Varied, Scheduled Rent Increases+ Multiple Options to Renew for Each Tenant

Popular Tourist Destination+ Most Popular Tourist Destination Along U.S. Gulf Coast + Access to Two International Airports (18M+ Passengers)

+ Near Award-Winning Clearwater Beach+ 1M+ Tourists Visit Clearwater Annually

Prime Real Estate Site + Tampa Bay is one of the Top 20 Metro Areas in the U.S. + Adjacent to Clearwater Mall & Major National Retailers + Proximity to SPC Clearwater Campus (14K+ Students)

+ Access to 3M+ Tampa Bay Residents

Investment Highlights

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Tenants Caribou Coffee & Einstein Bros. Bagels, Tijuana Flats, Master Lease

Address 2849 Gulf to Bay Blvd.Clearwater, FL 33759

Asking Price $4,510,317

Cap Rate 6.30%

Market Greater Tampa Bay

Guarantors Corporate

Building Size ± 6,325 SF

Land Size ± 1.14 AC

Year Built 2018

Annual Rent $284,150 ($44.92/SF)

Additional Rent Pro Rata Share of CAM, Taxes, Insurance, Admin Fees, Trash Removal (Tijuana Flats)

Lease Types NN

Lease Terms Varied

Options Varied

Landlord Roof, Structure, Utility Lines, Parking Lot*

Parking 51 Spaces**

Investment Summary

* Parking lot expenses are subject to reimbursement as part of Common Area Maintenance (CAM).

** Parking includes three handicapped spaces, two designated curbside pick-ups spaces for Tijuana Flats and two pull-ahead spaces for Caribou Coffee & Einstein Bros. Bagels.

TEXAS ROAD HOU SE | INVESTMENT H IGHL IGHTSTEXAS ROAD HOU SE | AER IALTEXAS ROAD HOU SE | R IVERVIEW OVERVIEWTEXAS ROAD HOU SE | H IL L S BOROUGH COUNTY DEVELOPMENT groundandspacepartners.com + 2Clearwater Plaza + Investment Summary

Rent Roll

TENANT SF % GLA START END OPTIONS BEGIN ANNUAL RENT PSF CAM ADMIN FEE RE TAXES INSURANCECaribou Coffee & Einstein Bros. Bagels

2,500 39.5% 5/19/2018 5/31/2028 3 x 5 Years

Option 1Option 2Option 3

5/19/20186/1/20236/1/20286/1/20336/1/2038

$128,750$141,625$155,800$171,375$188,500

$51.50$56.65$62.32$68.55$75.40

$3.50/SFIncludes Admin Fee

Cost Not to Exceed 10% of CAM

$3.00/SF $1.25/SF

Master Lease 1,425 22.5% COE 5 Years Following COE

N/A COE $57,000 $40.00

Tijuana Flats* 2,400 38.0% 3/16/2018 3/30/2028 2 x 5 Years

Option 1Option 2

3/16/20184/1/20234/1/20284/1/2033

$98,400$108,240$119,064$130,968

$41.00$45.10$49.61$54.57

$3.25/SF Cost Not to Exceed 10% of CAM, Taxes, Insurance

$4.00/SF $1.00/SF

PROPERTY TOTALS 6,325 100.0% $284,150 $44.92

LEASE TERM RENTAL RATES ADDITIONAL RENT (EST.)

* Tijuana Flats pays an additional Trash Removal fee for the Common Areas and all tenants of the shopping center.

Master Lease Will Cover Additional Rent Expenses

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VAC

AN

T

Clearwater Plaza

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Tijuana FlatsClearwater Plaza

Clearwater, Florida

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Tenant Tijuana Flats

Guarantor TJF USA, LLC

Building Size ± 2,400 SF 38.0% Total GLA

Lease Type NN

Annual Rent $98,400 ($41.00/SF)

Commenced March 16, 2018

Expiration March 30, 2028

Lease Term 10 Years

Options 2 x 5-Year Options

Increases 10% Every 5 Years

Additional Rent Pro Rata Share CAM (105% Cap From Previous Lease Year), Taxes, Insurance, Trash Removal

Landlord Roof, Structure, Utility Lines, Parking Lot*

Lease Summary

Rent Schedule

YEARS Annual Rent Increase1–5 (Base Term) $98,400 ($41.00/SF) N/A

6–10 (Base Term) $108,240 ($45.10/SF) 10.0%

11–15 (Option 1) $119,064 ($49.61/SF) 10.0%16–20 (Option 2) $130,968 ($54.57/SF) 10.0%

* Parking lot expenses are subject to reimbursement as part of Common Area Maintenance (CAM).

Additional Rent PSF (Est.)CAM $3.25/SF

Real Estate Taxes $4.00/SF

Insurance $1.00/SFAdmin. Fees Not to Exceed 10%

CAM, Taxes, Insurance

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Tijuana Flats is an American restaurant chain serving class Tex-Mex cuisine at its 130 locations throughout Florida, Georgia, the Carolinas, Virginia and Indiana. Founded in 1995 by University of Central Florida graduate Brian Wheeler, Tijuana Flats first expanded outside the state of Florida in 2004 after opening 18 stores in the Sunshine State.

Tijuana Flats restaurants are fast-casual hybrids that feature fresh food, hot sauce bars, art murals and off-beat culture. The chain’s entrées include delicious burrito bowls, chimichangas, dos tacos, street tacos, fresh salads, nachos and more. Every meal at Tijuana Flats is made-to-order with fresh ingredients and scratch-made chips, tortillas, queso, guacamole and salsa.

Tijuana Flats is headquartered in Maitland, Florida, and currently employs approximately 3,000 people. Starting in 2007, Tijuana Flats shifted from a franchise model to corporate-owned stores. That same year, Tijuana Flats created the Just in Queso Foundation. To date, the Just in Queso Foundation has raised over $3.5 million and donated countless hours to help those in need.

Tijuana Flats

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Caribou Coffee & Einstein Bros. Bagels

Clearwater Plaza Clearwater, Florida

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Tenant Caribou Coffee & Einstein Bros. Bagels

Guarantor Caribou Coffee, Inc.

Building Size ± 2,500 SF 39.5% Total GLA

Lease Type NN

Annual Rent $128,750 ($51.50/SF)

Commenced May 19, 2018

Expiration May 31, 2028

Lease Term 10 Years

Options 3 x 5-Year Options

Increases 10% Every 5 Years

Additional Rent Pro Rata Share CAM (Includes Admin Fees; (105% Cap From Previous Lease Year), Taxes, Insurance

Landlord Roof, Structure, Utility Lines, Parking Lot*

Lease Summary

Years Annual Rent Increase1–5 (Base Term) $128,750 ($51.50/SF) N/A

6–10 (Base Term) $141,625 ($56.65/SF) 10.0%

11–15 (Option 1) $155,800 ($62.32/SF) 10.0%16–20 (Option 2) $171,375 ($68.55/SF) 10.0%

21–25 (Option 3) $188,500 ($75.40/SF) 10.0%

Rent ScheduleAdditional Rent

PSF (Est.)

CAM/Admin. $3.50/SF

Real Estate Taxes $3.00/SF

Insurance $1.25/SF

TEXAS ROAD HOU SE | INVESTMENT H IGHL IGHTSTEXAS ROAD HOU SE | AER IALTEXAS ROAD HOU SE | R IVERVIEW OVERVIEWTEXAS ROAD HOU SE | H IL L S BOROUGH COUNTY DEVELOPMENT groundandspacepartners.com + 10Clearwater Plaza + Caribou Coffee & Einstein Bros. Bagels Lease Summary

* Parking lot expenses are subject to reimbursement as part of Common Area Maintenance (CAM).

In 2015, Caribou Coffee and Einstein Bros. Bagels joined forces to launch a new concept that will give consumers access to Caribou’s specialty coffee and Einstein’s fresh-baked bagels under one roof. The mash-up was born of the brands’ shared ownership. Colorado-based Einstein Noah Restaurant Group was acquired by JAB Holding Company in 2014, while Caribou Coffee had been acquired by JAB the previous year. The concept’s popularity has resulted in more than 40 locations opening in eight states in less than two years.

Founded in 1992, Caribou Coffee is the second-largest company-operated premium coffeehouse in the United States, with more than 272 company-owned stores and 131 domestic license locations in 18 states (along with 209 international franchise stores in 10 countries). Founded in 1993, Einstein Bros. Bagels is part of the Einstein Noah Restaurant Group, Inc. family, a fast-casual company also known for the Noah’s New York Bagels and Manhattan Bagel brands. In addition to bagels, Einstein Bros. also serves gourmet bagel sandwiches, salads, sweets and snacks.

Caribou Coffee & Einstein Bros. Bagels

Type/Industry Private Conglomerate (c. 1828)

Subsidiaries Coty, Inc.; Peet’s Coffee; Mighty Leaf Tea; Caribou Coffee, Jacobs Douwe Egberts; Einstein Bros. Bagels; Keurig Green Mountain; Krispy Kreme; Panera Bread; Bruegger’s Bagels; and Pret A Manger

Parent Company Agnaten SE

Website www.jabholco.com

JAB Holding Company JAB is a privately-held German conglomerate—based in Luxembourg—that includes investments of companies operating in the arenas of consumer goods, forestry, coffee, luxury fashion and fast food, among others.

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Clearwater PlazaRetail Market Overview

Clearwater, Florida

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Gulf to Bay Boulevard

SITE

U.S

. Hig

hway

19

Drew Street

Clearwater Campus

51,000 ADT55,500 ADT

109,

500

AD

T

32,500 ADT29,500 ADT

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PROMINENT AREA SHOPPING CENTERS 1. Westfield Countryside; 2. Clearwater Mall; 3. SUNDIAL St. Pete; 4. Tyrone Square Mall.

Westfield Countryside: Situated near the coastline on the Gulf Coast in Clearwater, Westfield Countryside is home to five anchor stores—Dillard’s, JCPenney, Macy’s, Whole Foods and Nordstrom Rack—and a 12-screen Cobb Theatres, along with numerous restaurants and a full-size ice skating rink. The popular shopping destination underwent a $12 million renovation project in 2009, and now serves over nine million customers annually.

Clearwater Mall: A short walk from Clearwater Plaza, Clearwater Mall features major tenants including Ross Dress For Less, Dollar Tree, Pier 1 Imports and Skechers Outlet, along with many restaurants and specialty stores like Starbucks, Moe’s Southwest Grill and Five Guys Burgers & Fries.

SUNDIAL St. Pete: Now considered downtown St. Petersburg’s premier shopping and dining destination, SUNDIAL St. Pete is an oasis in the heart of the city’s bustling downtown center. Located less than 20 miles from Clearwater Plaza, SUNDIAL St. Pete features a 20-screen AMC Theatre and a special collection of shops, restaurants and spa experiences unique to the Tampa Bay area. Prominent tenants include Jackie Z Style Co., Ruth’s Chris Steak House, Tommy Bahama and Chico’s.

Tyrone Square Mall: A short 25-minute drive brings visitors and residents to Tyrone Square Mall, an indoor shopping center just four miles from the beautiful Gulf Beaches. Shoppers can explore more than 130 specialty shops located throughout the mall, including Macy’s, Dillard’s, JCPenney, H&M, DSW, Dick’s Sporting Goods and Old Navy. The mall’s Dining District features a plethora of dining options, from Bonefish Grill and Ruby Tuesday to LongHorn Steakhouse and Rubio’s Coastal Grill.

Area Shopping Centers

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Clearwater PlazaTourism Overview Clearwater, Florida

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SITE

13.4 Miles From Site17M+ Annual Passengers

4.9 Miles From Site1M+ Annual Passengers

Attractive Tourist Area St. Petersburg and its surrounding beaches are the most visited destination on the U.S. Gulf Coast, drawing more than 15 million visitors each year. Tourists can enjoy more than 35 miles of some of the best beaches in the country, close proximity to the world’s best theme parks and a year-round outdoor climate with 361 days of sunshine.

177,500 ADT

As the most popular tourism destination on the American Gulf Coast, the St. Pete/Clearwater area is the Jewel of Tampa Bay, a region defined by three major cities: St. Petersburg to the south, Clearwater to the west and Tampa to the east. Though each has their own distinct vibe, collectively they form the bones of a region that is quickly becoming an international contender, with two international airports (and some 20 daily non-stop flights to NYC), a dynamic and diverse local economy, a subtropical climate and an enviable Gulf Coast location just 90 miles from Orlando area theme parks. Millions of visitors arrive each year, a growing number of them adding to the area’s three million residents that place Tampa Bay among the top 20 metropolitan areas in the U.S. With more people per square mile than Miami, it’s the most densely populated area in the state.

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World-Famous BeachesFlorida’s Gulf Coast is as unique a place as it is beautiful. Its miles of white sand beaches, crystal-clear emerald waters, tropical temperatures and sun that shines nearly every day of the year make this place a top vacation destination.

Award-Winning BeachesIn 2016, TripAdvisor ranked Clearwater Beach the Best Beach in the U.S.

Nearby St. Pete Beach was ranked the No. 3 beach in the country in 2017.

Honeymoon Island State Park: Nature lovers will appreciate the raw beauty of Honeymoon Island, an undeveloped 385-acre barrier island off Dunedin with four miles of beaches, hiking trails and bird-watching opportunities along the 2.5-mile Osprey Trail. Florida’s most-visited state park draws visitors from all across the country and state. At the Rotary Centennial Nature Center, tourists can swim, fish, hike, picnic, rent bicycles and kayaks, or simply relax on the pristine beach.

Caladesi Island State Park: Sister island to Honeymoon Island State Park, Caladesi is one of the few completely natural barrier islands along Florida’s Gulf Coast. Ranked as one of the Top 10 Beaches of 2016 by Dr. Stephen Leatherman (“Dr. Beach”), the No. 6 Best Beach in Florida (2015) and one of America’s Top 25 Beaches by TripAdvisor (2013), the three-mile long island is accessible only by boat.

Clearwater Beach: With its wide sugar-sand beaches and emerald-clear surf; a vast array of lodgings, restaurants and bars; and kid-friendly water sports, it’s no surprise that fun-loving Clearwater Beach was voted the No. 1 beach in America in 2016 and the No. 20 beach in the world in 2016 by TripAdvisor. This popular city-beach caters to everyone, from millennials and couples to families.

Sand Key: The quiet and romantic Sand Key Park is just a bridge away from the hustle and bustle of popular Clearwater Beach. Pack a picnic, grab a fishing pole or just kick back for a lazy afternoon at this 95-acre county park with its wide beach, picnic pavilions and boathouses. Walking trails and a boardwalk wind through a salt marsh, where visitors can spot herons, egrets and other wading birds.

Belleair Beach and Belleair Shore: The quiet Belleair beaches feature 4,500 feet of secluded shoreline dotted with the area’s most lavish mansions. There are no public facilities or commercial establishments on this relaxing stretch of beach.

Indian Rocks Beach and Indian Shores: Visitors can find a nostalgic taste of Old Florida along this narrow barrier island where high-rise condominiums share the beach with small hotels and motels, beach cottages, family restaurants and neighborhood bars. Some 20 beach access points lead to the picture-perfect beach, where families congregate for day-long siestas in the sun.

Redington Beaches: White sand and sparkling blue water attracts many vacationers to the condos, hotels and motels that line Gulf Boulevard. This stretch of coastline is shared by the communities of Redington Shores, North Redington Beach and Redington Beach, and features a 1,200 foot long pier.

Madeira Beach: This area features John’s Pass Village & Boardwalk which is buzzing with more than 100 shops and restaurants in a rambling, Old Florida-style waterfront atmosphere. In the fall, visitors can enjoy the annual John’s Pass Seafood & Music Festival, a family-friendly event featuring music, arts, crafts and some of the best seafood in the St. Petersburg/Clearwater area.

Treasure Island: Known for its wide expanse of gorgeous beach, Treasure Island features three miles of sparkling sand that lines the Gulf with an array of lodging, from luxury resorts to kitschy hotels.

St. Pete Beach: With miles of beaches, surf shops and boutiques, along with a vast array of lodging, dining and water sports for all ages, St. Pete Beach was voted TripAdvisor’s No. 3 Beach in the U.S. in 2017. From the five-star luxury of the historic 1920s Pink Palace—the Don CeSar Hotel—to the family-friendly TradeWinds Island Resorts, there’s a place for all tastes and budgets.

Pass-A-Grille Beach: Old Florida charm in a tiny beach town is what visitors will find most attractive about peaceful Pass-a-Grille, just a few miles south of busy St. Pete Beach. Voted one of the Top 5 Beaches in Florida in 2015, Pass-a-Grille boasts four miles of natural shoreline and a soft, sandy beach.

Shell Key, Fort De Soto Park and Egmont Key: This gorgeous 1,136-acre county park spread over five islands at the southern tip of the Gulf beaches immerses visitors in an unspoiled Florida barrier island habitat. Fort De Soto Park features two beaches, a seven-mile paved trail, a 238-site family camping area and an historic fort. Accessible only by boast, Shell Key Preserve is a 1,800-acre island situated just off Fort De Soto.

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ClearwaterIf St. Pete is the cultural center, then Clearwater is the perfect complement: a well-thought out resort town where gleaming new hotels and mom-and-pop motels stand side-by-side on some of the most spectacular beachfront in the state. From USA Today and Time Magazine to Condé Nast and TripAdvisor’s No. 1 Beach in the U.S. for 2016, Clearwater Beach is routinely placed on “Best Of” lists the world over—and with good reason: more than a decade ago, to complement the area’s natural beauty, city officials adopted a “beach-by-design” initiative that led to the construction of Beach Walk, a pedestrian-friendly promenade that runs the entire length of the beach. With frequent public transit and golf-cart cabs galore, visitors to the area don’t really need a car during their visit—a rarity for any Florida town. The city comes alive year round with activities of all kinds, from offshore power boast races, the Clearwater Jazz Holiday, restaurant weeks, chalk art competitions, a massive “Sugar Sand” festival, Olympic-qualifying sailing regattas and more. Add to this mix the much-loved Clearwater marine Aquarium—whose most famous resident starred in the popular Warner Bros. Dolphin Tale films—and visitors can have a Florida beach experience like no other.

St. PetersburgDowntown St. Petersburg—St. Pete or “The ’Burg” to locals—is the area’s cultural heart, with iconic museums like the Dalí, Chihuly, Museum of Fine Arts and many more on the way, along with a mix of gleaming new condos and historic neighborhoods. A stretch of gorgeous public parks lining the bay give the area a distinctly European flair—particularly in the Spring, when the city comes alive with Grand Prix racing in the streets. The city that holds the Guinness record for the most consecutive sunny days (768) is also home to the highest concentration of nightlife and dining establishments in the entire region, ranging from velvet-roped rooftop cabana bars and stately verandas in historic hotels to trendy open-air spots with see and be seen sidewalk seating. Its mix of residents and visitors gets more diverse each year, particularly with an upscale international crowd looking for a fresh alternative to the crush of humanity that flocks to South Florida. It’s for these reasons and more—such as the burgeoning craft beer and brewery scene—that The New York Times recently placed the Sunshine City on its list of “52 Places to Go in the World.”

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Clearwater PlazaEconomic Market Overview

Clearwater, Florida

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Located on Florida’s Gulf Coast, Clearwater is known for its internationally famous beach, semitropical climate and cool breezes off the Gulf of Mexico. The city has a high coastal bluff which commands a picturesque view of the Intracoastal Highway and the sparkling waters of the Gulf of Mexico. Clearwater is home to more than 110,000 residents, and, thanks to its central location on the Pinellas peninsula, Clearwater is only a 20-minute drive from Tampa International Airport and is close to the cities of Tampa and St. Petersburg. Tourism is a major economic driver for Clearwater, with more than one million annual visitors that enjoy Clearwater Beach and the area’s boating, fishing, fine dining and luxury hotels. Clearwater is also home to a growing and diverse business climate with established businesses in finance, information technology, software, insurance, marine science, medical technology and manufacturing. The Tampa Bay region—which encompasses Clearwater—benefits from continued job growth, an affordable quality of life, an abundant workforce and excellent educational opportunities.

Workforce CenterClearwater serves as an

employment center within Tampa Bay, generating more daily inbound

traffic than outbound.

Award-Winning CityForbes ranked Clearwater as One of America’s Best Cities for Young

Professionals, attracting more millennial workers to the area.

Low Tax BurdenFlorida residents pay no personal state income tax and pay no state

personal capital gains tax; the maximum rate is 5.5 percent.

Clearwater Overview

Business Name Local Employees

Raymond James Financial 3,500

Home Shopping Network (HSN) 2,800

Bright House Networks/Spectrum 2,000

Fidelity Information Services 1,800

Nielson Media Research 1,800

Jabil Circuit, Inc. 1,600

Tech Data Corp. 1,500

Honeywell Aerospace 1,500

ThinkDirect Marketing Group 1,000

Ceridian Benefits Services 1,000

Cox Target Media, Inc. 1,000

Macy’s Credit Operations, Inc. 1,000

Numbers are approximate figures, not total employee counts. *Non-governmental, non-institutional

Pinellas CountyLargest Target Industry Employers* 1,000+ Employees

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Highly Connected Metro Area

Tampa International AirportLocated 30 minutes from Riverview, Tampa International Airport (TPA) is one of the most convenient and efficient airports in the country for business travel. Recognized as the No. 2 airport in the U.S. by Condé Nast Traveler and Travel & Leisure, TPA provides global access to nearly 19 million passengers annually. The airport offers non-stop access to major cities worldwide, with 257 daily departures to 80 domestic and international destinations.

Port Tampa BayPort Tampa Bay is the largest seaport in Florida in terms of both tonnage and geographic area, handling over 37 million tons of cargo annually and encompassing over 5,000 acres. Port Tampa Bay is the nation’s closest deep-water gateway to the Panama Canal and an unparalleled point of connection to Latin American markets. It is also one of the most diverse seaports in the country, with multiple lines of business providing a solid financial footing and supporting an aggressive capital investment program for new development.

Tampa Gateway Rail TerminalThe new Tampa Gateway Rail Terminal extends Port Tampa Bay’s reach to the Midwest, Northeast and other U.S. destinations to through the CSX Rail Network, and a five-year plan is now in place to invest $380 million in docks, terminals and navigational improvements. This effort includes a phased build-out that will quadruple the size of the container terminal to more than 160 acres and introduce new post-Panamax gantry cranes.

Data and TelecommunicationsTampa Bay features one of the most advanced data centers and communications network in the country. With a high concentration of major financial services operations, the community is a frequent test market for the deployment of advanced technology, making local businesses among the first in the nation to access cutting-edge infrastructure advancements.

Fast-Growing Consumer Market The Tampa Bay/Orlando Interstate 4 Corridor super region is home to over eight million people and welcomes more than 60 million tourists each year, making it a huge consumer market. The area has the largest concentration of distribution centers in Florida, and is the fastest-growing part of the state. Tampa Bay’s close proximity to Latin America (and Asia via the expanded Panama Canal) makes it a perfectly situated platform to serve export markets throughout the hemisphere.

With a multi-modal transportation system that supports nearly 20 million residents and 100 million visitors annually, Florida’s infrastructure is ranked No. 2 in the country, and the Tampa Bay metro area is its central hub.

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Tampa Bay Major Industry OverviewsDefense and SecurityTampa Bay has one of the largest veteran workforces in the nation, and its business community takes pride in its military workforce of roughly 92,000. Tampa Bay is home to MacDill Air Force Base and two, four-star Combatant Commands: U.S. Central Command and U.S. Special Operations Command. An additional 38 mission partners operate from MacDill AFB, in addition to specialized security and intelligence firms. Locally, a $14 billion military industry has developed around areas like cybersecurity and IT, intelligence and analysis, training and simulation, and advanced manufacturing. Defense-focused education programs ensure the students are today are trained for the jobs of tomorrow.

Life SciencesTampa Bay has emerged as a driving force behind the state’s fast-growing life sciences industry, with the presence of industry leaders such as Amgen, Bristol-Myers Squibb and Johnson & Johnson. In recent years, globally-renowned corporations have chosen Tampa as the site for major North American operations. The Tampa Bay region is gaining a global reputation as a growing hub for research and development.

Manufacturing Tampa Bay has the second largest base of manufacturing employment in Florida, with more than 2,800 firms employing more than 63,000 people. From precise military specifications to the creation and development of medical devices and manufacturing in highly regulated industries, Tampa Bay area businesses are advancing modern manufacturing technology and making an impact across the globe. Tampa Bay’s manufacturing sector also plays a key role in attracting overseas investments. Close to 500 foreign-owned companies representing more than 40 nations have established successful operations in the area.

Financial and Professional Services As the fastest-growing industry sector in the Tampa Bay area, the financial and professional services businesses have year-over-year employment gains of seven percent and a workforce of more than 248,000. For more than 40 years, Hillsborough County has offered a competitive alternative to the traditional financial centers of New York, Chicago and Boston.

Information Technology Between 2011 and 2016, the IT sector in the Tampa market grew 6.9 percent. Tampa has become a hub for IT companies of all shapes and sizes, and the area’s talent pipeline is fueled by major Florida universities. The region is also home to the Florida Center for Cyber Security, a first-of-its-kind, shared resource for Florida’s stakeholders in higher education, government, defense and industry.

Prominent Metro AreaTampa Bay is the 18th largest metro area in the U.S. and the

second largest in Florida.

Fast-Growing PopulationThe Tampa Bay MSA is projected to grow by more than 29 percent by

the year 2040.

Business BoomTampa Bay is one of the

best markets in the U.S. for corporate expansion.

TEXAS ROAD HOU SE | INVESTMENT H IGHL IGHTSTEXAS ROAD HOU SE | AER IALTEXAS ROAD HOU SE | R IVERVIEW OVERVIEWTEXAS ROAD HOU SE | H IL L S BOROUGH COUNTY DEVELOPMENT groundandspacepartners.com + 22Clearwater Plaza + Industry Overviews

Technology Corridor Florida’s High Tech Corridor spans 23 counties across the state, connected by three research universities, more than 20 local and regional economic development organizations, 14 community and state colleges, 12 regional workforce boards, countless industry groups and the thousands of innovative companies that call this region home.

DEMOGRAPHICS 1 MILE 3 MILES 5 MILES

Estimated Population 10,933 73,117 223,646

2023 Projected Population 11,679 76,379 233,717

2010 Census Population 9,632 67,972 210,483

2000 Census Population 11,321 69,507 207,660

Projected Annual Growth (2017–2022) 1.33% 0.88% 0.88%

Estimated Households 5,211 33,088 98,730

2023 Projected Households 5,565 34,403 102,876

2010 Census Households 4,591 31,296 94,548

2000 Census Households 5,005 31,672 92,776

Projected Annual Growth (2017–2022) 1.32% 0.78% 0.83%

Est. HH Income $200,000+ 2.20% 3.90% 3.10%

Est. HH Income $150,000-$199,999 2.00% 3.30% 2.80%

Est. HH Income $100,000–$149,999 6.30% 10.40% 9.40%

Est. HH Income $75,000-$99,999 12.60% 12.00% 11.20%

Est. HH Income $50,000–$74,999 20.00% 19.10% 19.00%

Est. HH Income $35,000–$49,999 17.90% 16.30% 16.60%

Est. HH Income $25,000–$34,999 12.30% 11.70% 12.10%

Est. HH Income $15,000–$24,999 15.20% 12.50% 13.30%

Est. HH Income Under $15,000 11.50% 10.80% 12.40%

Est. Average Household Income $57,457 $68,079 $63,262

Est. Median Household Income $42,951 $48,450 $44,995

Est. White 77.00% 81.80% 79.50%

Est. Black 9.60% 6.70% 9.20%

Est. Asian or Pacific Islander 2.50% 3.10% 3.10%

Est. American Indian or Alaska Native 0.70% 0.40% 0.40%

Est. Other Races 10.20% 8.10% 7.70%

Est. Hispanic Population 23.10% 16.40% 15.40%

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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 Ground + Space and should not be made available to any other person or entity without the written consent of Ground + Space. 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. Ground + Space 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, PCBs 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, Ground + Space has not verified, and will not verify, any ofthe information contained herein, nor has Ground + Space 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.

TEXAS ROAD HOU SE | INVESTMENT H IGHL IGHTSTEXAS ROAD HOU SE | AER IALTEXAS ROAD HOU SE | R IVERVIEW OVERVIEWTEXAS ROAD HOU SE | H IL L S BOROUGH COUNTY DEVELOPMENT groundandspacepartners.com + 23Clearwater Plaza + Demographics

Michael Zimmerman919.391.9901 mzimmerman@atlanticretail.com

Michael Zimmerman919.391.9901 mzimmerman@atlanticretail.com

CLEARWATER, FLORIDA

Clearwater Plaza

Asking Price: Cap Rate: Asking Price: Cap Rate: Asking Price: $4,510,317Cap Rate: 6.30%

MICHAEL ZIMMERMAN + 919.391.9901 + michael@groundandspacepartners.com

Property listed in conjunction with Florida broker Michael Wurtenberger of Northstar Realty of the Palm Beaches, LLC (license 1014833).