This information has been secured from sources deemed to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage and age are approximate.

Buyer must verify the information and bears all risk for any inaccuracies.

Bruce S. PrebleLicensed Florida Real Estate BrokerCommercial Realty Specialists LLC

(239) 537-5299

Offering Memorandum

Automotive Repair Facility

Prime Signalized Intersection—0.95 acre

2104 Santa Barbara Blvd. S, Cape Coral FL

Well established automotive repair facility

Excellent Exposure: 205 ft Frontage on Santa Barbara Blvd. & 250 ft on SW 21st St.

Signalized intersection on six lane major north-south traffic artery —35,000 vehicles per day

99,600 population within 10 minutes with $70,900 average household income

Located in high traffic retail area

Property consists of two corner parcels: (A) 0.6 acres at signalized intersection with 205 ft of frontage on Santa Barbara Blvd and 125 ft of frontage on SW 21st Street and (B) 0.35 acres with 125 ft frontage on SW 21st Street and 125 ft frontage on SW Santa Barbara Place. The main building on parcel A facing Santa Barbara Blvd has 5612 sf including a 7 bay WORKSHOP AREA, an 806 sf STORE DISPLAY AREA, and 390 sf OFFICE. Parcel B is auxiliary parking with a 450 sf FINISHED DE-TACHED CARPORT.

This auto repair facility is located on Santa Barbara Blvd., a six lane major north-south traffic artery, which provides access to the entire city within a 15 minute drive. There are nearly four thousand businesses with about 30,000 employees within a 10 minute drive time of the property, including: 663 retail businesses; 433 finance, insur-ance, and real estate businesses, and 1490 service related businesses.

Cape Coral located in Lee County on the west coast of Florida. Cape Coral offers ac-cess to the waters of the Gulf of Mexico and beaches, like Sanibel Island and Fort Myers Beach. In 2017, Lee County hosted 5 million visitors who traveled to enjoy the beautiful beaches, tropical weather, breathtaking sunsets, wildlife preserves, and endless outdoor activities make the area a perfect place to visit, live and do business.

OFFERING

Location 2104 Santa Barbara Blvd. SCape Coral FL 33991

Property Description Lee County FL STRAP Number

26-44-23-C3-03047.0320

Parcel A: 0.6 acres at signalized intersection with 205 ft of

frontage on Santa Barbara Blvd and 125 ft of front-age on SW 21st Street

5,334 sf main building with a 7 bay WORKSHOP AREA, an 806 sf STORE DISPLAY AREA, and 390 sf OFFICE.

Parcel B: 0.35 acres with 125 ft frontage on SW 21st Street

and 125 ft frontage on SW Santa Barbara Place 450 sf FINISHED DETACHED CARPORT

Offering Price Real Estate and Business Assets For Sale Separately

$950,000 million (real estate) $300,000 non-real estate business assets and

equipment

Utilities City of Cape Coral: Water, Sewer, Irrigation; LCEC: Electric Power

Population 99,586 (10 minute drive time) 193,944 (15 minute drive) time)

Average Household Income $70,897 (10 minute drive time) $71,090 (15 minute drive) time)

Daytime Employees 29,798 (10 minute drive time) 62,887 (15 minute drive time)

Zoning Zone C1—Pedestrian Commercial District

Permit areas designed to encourage and facilitate a wide array of commercial actiivites

Average Daily Traffic Counts 25,000 (2017)

Offering Summary

Site Map2104 Santa Barbara Blvd, Cape Coral, Florida, 33991 Prepared by EsriDrive Time: 5, 10, 15 minute radii Latitude: 26.61355

Longitude: -81.97438

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Automotive Aftermarket Expenditures2104 Santa Barbara Blvd, Cape Coral, Florida, 33991 Prepared by EsriDrive Time: 10 minute radius Latitude: 26.61355

Longitude: -81.97438

Demographic Summary 2018 2023Population 99,586 109,919Households 39,462 43,388Families 27,800 30,497Median Age 45.9 46.2Median Household Income $54,968 $61,634

Spending Potential Average AmountIndex Spent Total

Payments on Vehicles excluding Leases 89 $2,118.72 $83,608,910Gasoline and Motor Oil

Gasoline 87 $2,024.95 $79,908,724Diesel Fuel 93 $48.98 $1,932,852Motor Oil 90 $14.75 $582,178

Other Vehicle ExpensesVehicle Maintenance & Repairs 87 $935.38 $36,911,851

Vehicle Coolant/Brake/Transmission Fluids 86 $7.34 $289,624Tire Purchase/Replacement 88 $146.31 $5,773,499Vehicle Parts/Equipment/Accessories 87 $55.53 $2,191,168Vehicle Accessories including Labor 86 $9.34 $368,691Vehicle Cleaning Services including Car Washes 84 $21.82 $860,967Miscellaneous Auto Repair/Servicing 89 $102.29 $4,036,476Vehicle Body Work & Painting 88 $34.03 $1,342,924Vehicle or Engine Repairs 86 $210.65 $8,312,618Vehicle Motor Tune-up 85 $43.43 $1,713,704Lube/Oil Change & Oil Filters 88 $100.25 $3,956,210Vehicle Front End Alignment/Wheel Balance & Rotation 86 $27.19 $1,072,824Vehicle Shock Absorber Replacement 85 $14.15 $558,516Tire Repair and Other Repair Work 86 $124.44 $4,910,798Auto Repair Service Policy 91 $38.62 $1,523,831

Vehicle Insurance 87 $1,092.56 $43,114,411Rental of Vehicles excluding Trips 84 $46.21 $1,823,362Leased Vehicles 82 $310.63 $12,258,040

Basic Lease Charge for Cars/Trucks 82 $280.29 $11,060,733Car/Truck Lease Fees & Down Payments 80 $30.34 $1,197,307

Vehicle Pers Property Taxes/State & Local Registr Fees 88 $161.03 $6,354,762Driver`s License Fees 84 $9.87 $389,608Vehicle Inspection Fees 79 $12.33 $486,378Parking Fees & Tolls excluding Trips 75 $80.99 $3,195,995

Parking Fees excluding Residence (Not on Trips) 74 $41.36 $1,632,033Tolls/Electronic Toll Passes excluding Trips 77 $39.63 $1,563,962

Towing Charges 82 $5.51 $217,411Auto Service Clubs & GPS Services 86 $29.40 $1,160,201

Data Note: The Spending Potential Index (SPI) is household-based, and represents the amount spent for a product or service relative to a national average of 100. Source: Esri forecasts for 2018 and 2023; Consumer Spending data are derived from the 2015 and 2016 Consumer Expenditure Surveys, Bureau of Labor Statistics.

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Automotive Aftermarket Expenditures2104 Santa Barbara Blvd, Cape Coral, Florida, 33991 Prepared by EsriDrive Time: 15 minute radius Latitude: 26.61355

Longitude: -81.97438

Demographic Summary 2018 2023Population 193,944 215,104Households 77,718 85,867Families 53,068 58,455Median Age 45.2 45.3Median Household Income $53,534 $59,850

Spending Potential Average AmountIndex Spent Total

Payments on Vehicles excluding Leases 88 $2,111.35 $164,089,973Gasoline and Motor Oil

Gasoline 88 $2,041.56 $158,665,740Diesel Fuel 91 $48.20 $3,745,833Motor Oil 90 $14.81 $1,150,779

Other Vehicle ExpensesVehicle Maintenance & Repairs 87 $939.87 $73,044,883

Vehicle Coolant/Brake/Transmission Fluids 87 $7.39 $574,413Tire Purchase/Replacement 88 $146.18 $11,360,835Vehicle Parts/Equipment/Accessories 88 $56.15 $4,363,498Vehicle Accessories including Labor 87 $9.45 $734,702Vehicle Cleaning Services including Car Washes 85 $22.08 $1,716,317Miscellaneous Auto Repair/Servicing 89 $102.22 $7,944,237Vehicle Body Work & Painting 88 $34.15 $2,653,935Vehicle or Engine Repairs 87 $212.58 $16,521,384Vehicle Motor Tune-up 87 $44.24 $3,438,472Lube/Oil Change & Oil Filters 88 $100.62 $7,819,825Vehicle Front End Alignment/Wheel Balance & Rotation 86 $27.13 $2,108,352Vehicle Shock Absorber Replacement 83 $13.80 $1,072,296Tire Repair and Other Repair Work 86 $125.52 $9,755,220Auto Repair Service Policy 90 $38.36 $2,981,396

Vehicle Insurance 87 $1,099.93 $85,484,643Rental of Vehicles excluding Trips 86 $47.30 $3,675,945Leased Vehicles 81 $307.99 $23,936,676

Basic Lease Charge for Cars/Trucks 81 $277.39 $21,558,023Car/Truck Lease Fees & Down Payments 81 $30.61 $2,378,653

Vehicle Pers Property Taxes/State & Local Registr Fees 88 $160.19 $12,449,994Driver`s License Fees 85 $10.04 $779,994Vehicle Inspection Fees 81 $12.64 $982,329Parking Fees & Tolls excluding Trips 77 $82.15 $6,384,243

Parking Fees excluding Residence (Not on Trips) 76 $42.11 $3,272,346Tolls/Electronic Toll Passes excluding Trips 78 $40.04 $3,111,897

Towing Charges 85 $5.68 $441,198Auto Service Clubs & GPS Services 86 $29.45 $2,288,596

Data Note: The Spending Potential Index (SPI) is household-based, and represents the amount spent for a product or service relative to a national average of 100. Source: Esri forecasts for 2018 and 2023; Consumer Spending data are derived from the 2015 and 2016 Consumer Expenditure Surveys, Bureau of Labor Statistics.

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Executive Summary2104 Santa Barbara Blvd, Cape Coral, Florida, 33991 Prepared by EsriDrive Time: 5, 10, 15 minute radii Latitude: 26.61355

Longitude: -81.97438

5 minutes 10 minutes 15 minutesPopulation

2000 Population 11,596 67,310 128,2012010 Population 15,165 87,842 170,8532018 Population 17,151 99,586 193,9442023 Population 18,895 109,919 215,1042000-2010 Annual Rate 2.72% 2.70% 2.91%2010-2018 Annual Rate 1.50% 1.53% 1.55%2018-2023 Annual Rate 1.96% 1.99% 2.09%2018 Male Population 48.6% 48.5% 48.8%2018 Female Population 51.4% 51.5% 51.2%2018 Median Age 43.0 45.9 45.2

In the identified area, the current year population is 193,944. In 2010, the Census count in the area was 170,853. The rate of change since 2010 was 1.55% annually. The five-year projection for the population in the area is 215,104 representing a change of 2.09% annually from 2018 to 2023. Currently, the population is 48.8% male and 51.2% female.

Median Age

The median age in this area is 43.0, compared to U.S. median age of 38.3.Race and Ethnicity

2018 White Alone 84.7% 87.2% 84.9%2018 Black Alone 4.7% 4.0% 5.8%2018 American Indian/Alaska Native Alone 0.3% 0.3% 0.3%2018 Asian Alone 2.1% 1.8% 1.8%2018 Pacific Islander Alone 0.0% 0.1% 0.1%2018 Other Race 5.1% 3.8% 4.3%2018 Two or More Races 3.0% 2.9% 2.9%2018 Hispanic Origin (Any Race) 26.9% 23.4% 22.8%

Persons of Hispanic origin represent 22.8% of the population in the identified area compared to 18.3% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 53.0 in the identified area, compared to 64.3 for the U.S. as a whole.

Households2000 Households 4,123 26,509 51,9672010 Households 5,764 35,106 68,9802018 Total Households 6,490 39,462 77,7182023 Total Households 7,135 43,388 85,8672000-2010 Annual Rate 3.41% 2.85% 2.87%2010-2018 Annual Rate 1.45% 1.43% 1.46%2018-2023 Annual Rate 1.91% 1.91% 2.01%2018 Average Household Size 2.63 2.51 2.48

The household count in this area has changed from 68,980 in 2010 to 77,718 in the current year, a change of 1.46% annually. The five-year projection of households is 85,867, a change of 2.01% annually from the current year total. Average household size is currently 2.48, compared to 2.46 in the year 2010. The number of families in the current year is 53,068 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography.

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Executive Summary2104 Santa Barbara Blvd, Cape Coral, Florida, 33991 Prepared by EsriDrive Time: 5, 10, 15 minute radii Latitude: 26.61355

Longitude: -81.97438

5 minutes 10 minutes 15 minutesMedian Household Income

2018 Median Household Income $51,906 $54,968 $53,5342023 Median Household Income $58,056 $61,634 $59,8502018-2023 Annual Rate 2.26% 2.32% 2.26%

Average Household Income

2018 Average Household Income $64,305 $70,897 $71,0902023 Average Household Income $75,923 $83,989 $83,9192018-2023 Annual Rate 3.38% 3.45% 3.37%

Per Capita Income2018 Per Capita Income $24,578 $28,286 $28,6372023 Per Capita Income $28,908 $33,338 $33,6352018-2023 Annual Rate 3.30% 3.34% 3.27%

Households by IncomeCurrent median household income is $53,534 in the area, compared to $58,100 for all U.S. households. Median household income is projected to be $59,850 in five years, compared to $65,727 for all U.S. households

Current average household income is $71,090 in this area, compared to $83,694 for all U.S. households. Average household income is projected to be $83,919 in five years, compared to $96,109 for all U.S. households

Current per capita income is $28,637 in the area, compared to the U.S. per capita income of $31,950. The per capita income is projected to be $33,635 in five years, compared to $36,530 for all U.S. households Housing

2000 Total Housing Units 4,394 29,202 58,3252000 Owner Occupied Housing Units 3,259 21,076 39,1752000 Renter Occupied Housing Units 864 5,433 12,7932000 Vacant Housing Units 271 2,693 6,357

2010 Total Housing Units 6,946 44,193 87,9812010 Owner Occupied Housing Units 4,202 25,727 48,0782010 Renter Occupied Housing Units 1,562 9,379 20,9022010 Vacant Housing Units 1,182 9,087 19,001

2018 Total Housing Units 7,807 49,288 98,5342018 Owner Occupied Housing Units 4,631 28,433 53,0622018 Renter Occupied Housing Units 1,859 11,029 24,6562018 Vacant Housing Units 1,317 9,826 20,816

2023 Total Housing Units 8,587 53,875 108,2762023 Owner Occupied Housing Units 5,302 32,393 60,4202023 Renter Occupied Housing Units 1,833 10,995 25,4472023 Vacant Housing Units 1,452 10,487 22,409

Currently, 53.9% of the 98,534 housing units in the area are owner occupied; 25.0%, renter occupied; and 21.1% are vacant. Currently, in the U.S., 56.0% of the housing units in the area are owner occupied; 32.8% are renter occupied; and 11.2% are vacant. In 2010, there were 87,981 housing units in the area - 54.6% owner occupied, 23.8% renter occupied, and 21.6% vacant. The annual rate of change in housing units since 2010 is 5.16%. Median home value in the area is $215,013, compared to a median home value of $218,492 for the U.S. In five years, median value is projected to change by 3.33% annually to $253,267.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023. Esri converted Census 2000 data into 2010 geography.

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