Offering Memorandum

“The Shops at Meres” 1.82± Acres Vacant Land at

US Alt 19 and Meres Boulevard, Tarpon Springs, FL 34689

Exclusively Offered By: Bill Eshenbaugh, ALC, CCIM

Licensed Real Estate Broker 813-287-8787 Ext 1 Cell 727-410-9595 Bill@TheDirtDog.com

Ryan Sampson, ALC, CCIM Broker-Associate 813-287-8787 Ext 4 Cell 813-417-5928 Ryan@TheDirtDog.com Eshenbaugh Land Company 2502 N. Rocky Point Dr., Suite 675 Tampa, FL 33607 Phone 813-287-8787 Fax 813-287-8785 www.TheDirtDog.com

Eshenbaugh Land Company has individual memberships in the following:

Executive Summary

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This information contained herein was gathered from sources deemed reliable. However, Eshenbaugh Land Company and Seller make no warranties or representations as to the accuracy, and the same is submitted subject to errors, omissions, or other changes.

Eshenbaugh Land Company is a licensed real estate brokerage firm in Florida and Utah and William A. Eshenbaugh is the broker of record. Eshenbaugh Land Company does not offer sub-agency to other brokers. Compensation is only offered after the completion and acceptance by Eshenbaugh of a fully executed confidentiality agreement, the acknowledgement of the registration of a prospect and the acceptance by Eshenbaugh of the acknowledgement, and a fully executed fee agreement with the broker desiring to receive and present a listing or property that Eshenbaugh represents.

Description: The property is 1.82± acres vacant land located on the NW intersection of Meres Boulevard and US Alt 19 N, in the city of Tarpon Springs, FL 34689. The property had an approved site plan (included in this document) by the City of Tarpon Spring for 11,565 square feet retail with an end cap drive-thru. The site will be delivered pad ready with required compaction and offsite mitigation. In addition any tree mitigation and wetland mitigation will be paid for by the Seller. The seller has a Clean Phase I and will deliver the site to grade.

Location: The site is located at a prime location for future expansion of Meres Blvd east towards US 19 which should be completed within a year or so. It is across the street from a recently completed Sweetbay Shopping Center which is phase II of the Meres Town Center. Phase III is scheduled to begin construction within a few months for medical office and multifamily residential units. The site is within walking distance of Helen Ellis Memorial Hospital, Pinellas Trail and is at the downtown gateway to Tarpon Springs.

Potential Users: The site has potential to have a single user and a small strip retail building at the same time or a retail center with a drive thru.

Size: 1.82± acres

Zoning: Traffic Counts:

GB- General Business District US Alt. 19 N. average annual daily traffic approx. 16,750 (2010)

Access: The site is surrounded by three streets, Meres Blvd., US Alt 19 N, and Apricot Court. There are three approved curb cuts into the site by the City. One a full cut into Meres Blvd, the other two are full cuts on to Apricot Court.

Utilities: Water and sewer are available to the site.

Parcel ID #: 13-27-15-89946-007-0010

Ownership: Juniper Development, LLC

Price: Accepting Offers

Contact: Bill Eshenbaugh, ALC, CCIM 813-287-8787 Ext 1 Cell 727-410-9595 Bill@TheDirtDog.com Ryan Sampson, ALC, CCIM 813-287-8787 Ext 4 Cell 813-417-5928 Ryan@TheDirtDog.com

Aerial

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Aerial

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Meres BLVD

US

Alt 1

9 N

Sweetbay

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Sweetbay

US Alt 19 N

Meres Blvd

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Road Improvements

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MERES BLVD. SECTION “A” IMPROVEMENTS AS

PART OF SWEETBAY COMPLETED ON NOVEMBER 2009

MERES BLVD. SECTION “B”

IMPROVEMENTS TO BE COMPLETED BY

END OF 2012

SUBJECT SITE

Proposed Elevation

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Proposed Site Plan

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Proposed Site Plan

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Site Survey

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Location Map

Location Map

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Location Maps

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Demographics Map 1-3-5 Mile Rings

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Demographics

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Demographics

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Demographics