Mixed-Use Site 8.79* acres Lynn Haven, Florida (Panama City)Ideal for Neighborhood Retail Shopping Center, Senior Independent Living, Assisted Living, Medical, Restaurant, Multifamily, Educational, Office, Etc.

$1,999,000, $228,000/acre*-$5.23/sf*

Great American Quality Management, LLCContact: Buddy Vucovich 850-974-5710

buddyvucovich@gmail.com

2260 Hwy 77, Lynn Haven, FL 32444Unique opportunity to acquire all or part of one of the few sites on Hwy 77 large enough to accommodate a combination of retail and high density residential. The site is located in the heart of Lynn Haven, Florida, a northern suburb of Panama City. Property highlights include: Adjacent to 65,500sf Publix center (south of site with shared ingress/egress) at 96% occupancy. Directly across Hwy 77 from 250,000sf Super Wal-Mart (opened 2009); 3.9 miles from Gulf Coast

Regional Medical Center, 4.7 miles to Bay/Sacred Heart Medical Center. Three outparcels (not included) are Dunkin Donuts, Sonny’s BBQ and Innovations Federal Credit Union. SunTrust Bank ATM 10 Year Ground Lease commenced Sept 2017 at $1,500/month (not included). Property entitlements and zoning include:

• 20 units/acre ground level or above commercial.• 50’ building height and 75% Impervious Surface ratio.• ‘No Impact’ traffic analysis completed, recently reduced in Fire/Police impact fees.• *Acreage includes 2.29 acre common storm water mitigation allows for construction on 6.5

acres of the site. Parcel sizes are estimated.• Final City of Lynn Haven DO approval for up to 62,500sf of retail; DO modification for buyer uses

in < 90 days. Traffic counts of 25,500 on Highway 77, the primary northern access route to the new Panama City

Airport (Northwest Florida Beaches International Airport).Site Plan below is conceptual-Sale is subject to Lender approval

LYNN HAVEN POPULATION AND INCOME 5 Mile Radius

Population - 2014 73,194

Population - 2019 75,419

Population Growth 14-19 3.04%

Households - 2014 29,719

HH Growth 14-19 2.95%

Avg. HH Income $59,140

Med HH Income $45,452

Avg. Age 39.70

80-84 Unit

Senior IL94,00SF 4 story

Retail 12,800

SF Future

Medical-Office

15.500SF Future

Shared Storm, water-

Retention

Publix 65,500SF

Center

HIGHWAY 77

Great American Quality Mgt. (GAQM) and the Owner make no warranty or representation, expressed or implied, to the accuracy of the information contained herein. The information has been submitted in good faith subject to the possibility of errors and omissions; rental information or other related Property information may change without notice. Buyers should rely solely on their own independent analysis, due diligence and verification of Property information. Interested parties agree that GAQM and the Owner shall have no liability to the investor and/or its

representatives or agents resulting from the use of the information contained herein or distributed by GAQM and the Owner in the future.Great American Quality Management, LLC 850-974-5710

Site 8.79 acres

25,500 AD Traffic Count-2013

Site

Lynn Haven-Panama City, FL Market Dynamics and Activity Military: The market has a heavy military influence with Tyndall AFB and the Naval Support Activity located in Panama City, and Eglin AFB to the west in Niceville, FL. Tyndall is the largest F-22 Fighter Wing in the Air Force consisting of more than 4,400 personnel and 52 fifth generation aircraft. The wing trains F-22 pilots, intelligence officers, maintainers, and other support specialist for worldwide assignment to combat units. The wing also provides host base support functions to 19 associate units and more than 23,000 airmen, civilians contractors and their families. The labor force at Tyndall is 6,471 military and civilians and the base encompasses more than 29,000 acres. There are over 9,000 military retirees associated with Tyndall. The Navy also has a significant presence in Panama City. The Naval Support Activity Panama City (NSA PC) is located on St. Andrews Bay and provides research and development and in-service support for expeditionary, amphibious warfare, diving maritime special operations and mine warfare. There are several unique centers located on its base. NSA PC is home to the National Center of Expertise for all military diving through the operation of the Navy Experimental Diving Unit, the Naval Diving and Salvage Training Center, and the Center for Navy Ordinance Disposal and Diving. The Naval Surface Warfare Center is the largest tenant of NSA PC. It is one of the major research, development, test and evaluation laboratories of the Navy, boasting a wide base of expertise in engineering and scientific disciplines in the mission areas of mine warfare, expeditionary warfare, special warfare and diving and life support. The labor force of NSA PC is 2,872 military and civilians and the base encompasses 657 acres. Of those employed, 862 are scientists and engineers; 381 with advanced degrees, of which 64 are PhDs. A lesser direct impact but still noteworthy, Eglin AFB to the west (with ranges that encompass several counties throughout the Florida panhandle) encompasses more than 724 square miles of land area and 100,000+ square miles of airspace and 100,000+ square miles of water ranges in the Gulf of Mexico. Eglin AFB is the largest military base in the Department of Defense and hosts the Joint Gulf of Mexico Range Complex. Assigned to Air Force’s 96th Test Wing and Air Force Materiel Command, Eglin AFB is a joint-service installation supporting Air Force, Army and Navy units and hosts more than 62 major organizations including the Army 7th Special Forces Group (Airborne), Army 6th Ranger Training Battalion, Navy Explosive Ordnance School, 20th Space Control Squadron, and the F-35 Joint Strike Fighter Initial Training Center. Eglin employs 6,500 military and more than 8,500 civilians. The Army 7th Group is an additional 2,200 military that relocated to a new $400+ million complex on Elgin AFB from Fort Bragg, NC in 2010. Other Market Factors: St. Joe Company’s active retirement community. For two years, publicly trade St. Joe has been working on a long term active living retirement community west of our site, in west Bay County on over 100,000 acres. St. Joe wants to take advantage of the 53 million Americans expected to retire in the next 20 years and the near complete build-out of the Villages (approximately 20,000 acres) in central Florida. In mid-2015 St. Joe announced final state and local agencies approval for this plan known as the Bay-Walton Sector Plan. The build-out is estimated at 50 years and could add over 300,000 residents to the area. The Bay County portion of the plan could allow for: 145,494 total dwelling units, 4.5 million square feet of retail commercial space, 6 million square feet of industrial space, 11.2 million square feet of office/light industrial/manufacturing uses, 1,350 hospital beds, 2,780 hotel rooms and 19 golf courses. This project has yet to break ground and will likely be phased in gradual 1,000 acre increments. St. Joe’s

focus will be recent retirees and low maintenance single family homes and amenities. They will need to heavily market the project worldwide. We foresee this project as a positive future driver for the market. Leucadia’s SweetBay community. SweetBay broke ground in March 2016 and is located 4 miles east of the Lynn Haven Living site. SweetBay is the areas first master-planned walkable village and is located on the former 700-acre airport property. In 2010, Leucadia National purchased this site for $52 million. Plans are for 3,200 single family ($200,000-$400,000) and multifamily homes, 700,000 square feet of commercial space in the town center, and a marina with 140 wet slips and 240 dry storage units. A public charter school, University Academy, was founded in 2012 and moved to the SweetBay community in 2014. Current enrolment is 515 K-7 grade students; K-8 will be offered in the 2017 academic year. The academy ranks in the top 10% of public schools in Florida. SweetBay’s first of its planned seven phases will consist of 260 home lots. The developer also planned and developed Rosemary Beach in Walton County and Baldwin Park in Orlando, both success stories. In September 2016, Eastern Shipbuilding Group in Panama City was awarded a $10.6 Billion contract, the largest in the US Coast Guard history, to build 25 of the next generation offshore patrol cutters. 2,000 new jobs will serve as a major boost to the Panama City economy.