Capital Markets | Investment Properties

www.southtrailvillage.com

5615–5635 14th Street West(US Highway 41),

Bradenton, FL 34207

EXECUTIVE SUMMARY

PROPERTY SUMMARY

THE OFFERINGCBRE is pleased to offer for sale South Trail Village, a 63,325 SF community shopping center located in Bradenton, Florida. Anchored by a Save-A-Lot grocery store, Family Dollar, and Harbor Freight Tools, South Trail Village is 100% leased to 11 national, regional and local tenants. The center is centrally and conveniently located in south Bradenton at a signalized intersection. South Trail Village offers an investor a stable tenant base, a high percentage of credit income from national tenants, and increasing returns from scheduled rent increases.

LOCATION5615 – 5635 14th Street West (US Highway 41)Bradenton, FL 34207

LAND AREA±6.56 acres

YEAR BUILT1974

SIZE63,325 SF, including outparcel buildings

OCCUPANCY100%

ANCHORS

PRICE$9,500,000

CAPITALIZATION RATE7.3%

OFFERING HIGHLIGHTS

GROCERY ANCHOREDAnchored by a Save-A-Lot discount grocery store which expanded by 11,500

SF to 16,923 SF in 2014. The Save-A-Lot lease has 3% annual rent increases.

NATIONAL & REGIONAL TENANTSHarbor Freight Tools, Family Dollar, Liberty Tax Service, Freeway Insurance and Salem’s Gyro’s and Subs.

STABLE, LONG-TERM TENANTSNine of the eleven tenants have been at South Trail Village for five (5) years or longer, five tenants have been there ten (10) years or longer and three tenants have been there fifteen (15) years or longer, including Save-A-Lot.

CENTRAL LOCATIONSouth Trail Village is centrally located in Bradenton on 14 Street West (US Highway 41), the major, north-south commercial road in Bradenton.

CONVENIENT, CORNER LOCATIONAT SIGNALIZED INTERSECTIONLocated at the northeast corner of 14th Street West (US Highway 41) and 57th Avenue West, a signalized intersection.

EXCELLENT VISIBILITYExcellent visibility to 14th Street West and 57th Avenue West, with clear sight

lines.

EXCELLENT PHYSICAL CONDITIONNewly re-painted; parking lot newly re-sealed and striped; 85% of the roof area has been replaced since 2012.

HIGHLY VISIBLE OUTPARCELSalem’s Gyros and More is situated on a highly visible outparcel at the hard corner with the traffic light.

STRONG DEMOGRAPHICS3-mile population of 97,319 with an average household income of $53,072.

1 MILE 3 MILES 5 MILES

2017 POPULATION 17,665 93,737 175,686

2022 PROJECTED POPULATION 19,197 101,906 191,346

POPULATION GROWTH 2017-2022 1.68% 1.69% 1.72%

2017 AVG HOUSEHOLD INCOME $48,409 $52,952 $57,706

AREA DEMOGRAPHICS

SQUAREFEET

% OF GROSSLEASABLE

AREA

% OFEFFECTIVE

GROSSINCOME

LEASEEXPIRATION

SAVE-A-LOT 16,923 26.7% 24.0% Sept 2019HARBOR FREIGHT TOOLS 17,527 27.7% 20.9% July 2024FAMILY DOLLAR 10,400 16.4% 19.8% June 2022TOTAL ANCHOR TENANTS 44,850 70.8% 64.7%NATIONAL TENANTS 2,100 3.3% 4.0%TOTAL ANCHOR & NATIONAL 46,950 74.1% 68.7%LOCAL, IN-LINE TENANTS 7,500 11.8% 13.4%OUTPARCELSSALEM’S GYROS & SUBS 3,503 5.5% 9.2% March 2020PATIO FACTORY SUPERCENTER 5,372 8.5% 8.6% July 2020TOTAL LEASED 63,325 100% 100%TOTAL AVAILABLE 0 0%TOTAL SQUARE FEET 63,325 100%

SUMMARY OF TENANCY

YEAR 1 YEAR 3 YEAR 7 YEAR 10

YEAR ENDING Dec-2018 Dec-2020 Dec-2024 Dec-2027

EFFECTIVE GROSS INCOME $946,238 $978,641 $1,081,537 $1,160,699

EXPENSES ($253,377) ($267,546) ($300,130) ($326,902)

NET OPERATING INCOME $692,861 $711,095 $781,407 $833,797RESERVES, TI’S AND LEASING COMMISSIONS

$15,831 $15,831 $15,831 $15,831

CASH FLOW BEFORE DEBT SERVICE $677,030 $695,264 $765,576 $817,966

NOI GROWTH - 2.6% 12.8% 20.3%

PROJECTED CASH FLOW

*National tenants: Liberty Tax Service, Freeway Insurance

75

75

75

93

93

93

64

646464

684

789

789

789

789

780

684

64

64

70

70

7070

675

301

301

301

301

301

301

41

41

41

Waterbury R

d

Rutland Rd

Lake Manatee

Rye R

d NE

Rye R

d NE

Rye R

d NE

Upper Manatee River Rd

Fort Hamer

Memphis

EllentonPalmetto

WestBradenton

Palma Sola

Anna Maria

Anna MariaIsland

Holmes Beach

BradentonBeach

9th Ave NW

59th St W

9th St W

9th St E

33rd St E

Lockwood R

idge Rd

37th St E

63rd Ave E

17th St12th St

Bahia Vista St

S B

eneva Rd

S B

eneva Rd

Bee Ridge Rd

Palmer Blvd

Lorraine Rd

Lorraine Rd

Bee Ridge Rd

Wilkinson Rd

10th St

17th St

University PkwyUniversity Pkwy

Desoto Rd

45th St E

57th St E

15th St E

26th Ave E

301 Blvd E

Oneco

Longboat Key

Longboat Key

Lido Key Beach

Mote MarineLaboratory & Aquarium

26th St W

51st St W

53rd Ave W 53rd Ave W

34th

St W

Sarasota Bay

SARASOTA

SouthgateSarasotaSprings

Fruitville

North SarasotaDesoto Lakes

LakewoodRanch

KensingtonPark

The Meadows

43rd St W

Gulf Dr

Manatee River

Snead Island

Bradenton

BRADENTON44th Ave E

Whirtleld Ave

Ho n ore Ave

Univ ersity

Pkwy

I ona

Rd

LOCATION

TAMPA

BRADENTON MIAMI

ADDRESS5615 -5635 14th Street WestBradenton, FL 34207Northeast corner of 14th StreetWest (US Highway 41) and 57thAvenue East, a signalized intersection.

TRAFFIC COUNTS14th Street West - 47,500 AADT

57th Avenue West – 11,800 AADT

75

75

75

93

93

93

64

646464

684

789

789

789

789

780

684

64

64

70

70

7070

675

301

301

301

301

301

301

41

41

41

Waterbury R

d

Rutland Rd

Lake Manatee

Rye R

d NE

Rye R

d NE

Rye R

d NE

Upper Manatee River Rd

Fort Hamer

Memphis

EllentonPalmetto

WestBradenton

Palma Sola

Anna Maria

Anna MariaIsland

Holmes Beach

BradentonBeach

9th Ave NW

59th St W

9th St W

9th St E

33rd St E

Lockwood R

idge Rd

37th St E

63rd Ave E

17th St12th St

Bahia Vista St

S B

eneva Rd

S B

eneva Rd

Bee Ridge Rd

Palmer Blvd

Lorraine Rd

Lorraine Rd

Bee Ridge Rd

Wilkinson Rd

10th St

17th St

University PkwyUniversity Pkwy

Desoto Rd

45th St E

57th St E

15th St E

26th Ave E

301 Blvd E

Oneco

Longboat Key

Longboat Key

Lido Key Beach

Mote MarineLaboratory & Aquarium

26th St W

51st St W

53rd Ave W 53rd Ave W

34th

St W

Sarasota Bay

SARASOTA

SouthgateSarasotaSprings

Fruitville

North SarasotaDesoto Lakes

LakewoodRanch

KensingtonPark

The Meadows

43rd St W

Gulf Dr

Manatee River

Snead Island

Bradenton

BRADENTON44th Ave E

Whirtleld Ave

Ho n ore Ave

Univ ersity

Pkwy

I ona

Rd

Capital Markets | Investment Properties

www.southtrailvillage.com

MARK SHELLABARGERInvestment PropertiesSenior Vice President+1 813 273 8439mark.shellabarger@cbre.com

SANDRA MICHAELSClient Services Specialist+1 813 273 8472sandra.michaels@cbre.com

DEBT CONTACTPAUL AHMEDSenior Vice President+1 954 331 1778 paul.ahmed@cbre.com