1 Trade Zone Ct, Ronkonkoma, NY 11779

O F F E R I N G M E M O R A N D U M

DISCLOSURE :

All materials and information received or derived from Fortis Net Lease (hereinafter collectively referred to as “FNL”), its directors, officers, agents, advisors, af-

filiates and/or any third party sources are provided without representation or warranty by FNL its directors, officers, agents, advisors, or affiliates as to com-

pleteness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, suitability, finan-

cial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither FNL its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the

any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for

review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. FNL will

not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

ALL PARTIES SHALL CONDUCT THEIR OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE:

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investiga-

tions including through appropriate third party independent professionals selected by such party.

All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate inde-

pendent professionals. FNL makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assump-

tions. FNL does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance,

including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that

may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable con-

tractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the proper-

ty.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certif ied public accountant or tax

attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the

property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other

consultants and governmental agencies. All properties and services are marketed by FNL in compliance with all applicable fair housing and equal opportuni-

ty laws.

E XC LU S I V E LY P R E S E N T E D BY: ROBERT BENDER MICHAEL JAWORSKI DOUG PASSON

Managing Partner Senior Advisor Managing Partner 248.254..3406 248.419.3807 248.254.3407 rbender@fnlre.com mjaworski@fortisnetlease.com dpasson@fnlre.com

1 Trade Zone Ct

Fortis Agents Cooperate Click Here To Meet

The Team

Suffolk county population

1.5 Million

Average Household

Income

Exceeds $98,000

Within 1

Suffolk County-based companies

Henry Schein Inc.—$11.5 Billion Revenue

Broadridge Financial Solutions Inc.—NYSE: BR

Hain Celestial Group Inc. NASDAQ: HAIN

Systemax Inc.– NYSE: SYX

Kimco Realty Corp– NYSE: KIM

1 T r a d e Z o n e C t , R o n k o n k o m a , N Y 1 1 7 7 9 | F O R T I S N E T L E A S E

INVESTMENT SUMMARY

List Price: $3,300,000

Current NOI: $239,353

Current Cap Rate: 7.25%

Land Acreage: 2.77Acres

Year Built: 1984

Building Size: 40,000 Rentable SF

Google Aerial Map: Click HERE

Google Street View: Click HERE

LEASE SUMMARY

Lease Type: Industrial Gross

Real Estate Taxes: Fully abated, all FTZ tenants

Original Lease Terms: Most Tenants have been here for

3-5 years with the main tenant being here since 2004

Rent Increases: All tenants have increases

Option Periods: All but one tenant have renewal

options

INVESTMENT HIGHLIGHTS

Flex property, 40,000 SF | 4 tenants: Debbie’s Gym,

GTI Design, 7 Day Express, and Jordao, N. America

Property tax abatements due to Foreign Trade Zone

At the doorstep of the Long Island MacArthur Airport (ISP)

Current owner has always had full property tax abatements over the

last 20-Years

High demand for FTZ qualified tenancy

Main Tenant, GTI Designs has been here since 2004

Free and Clear Without Debt

New Alarm System and Fully Sprinklered

All HVAC units on annual maintenance contracts

High quality 8” block construction with architectural exterior block

LOCATION HIGHLIGHTS

Located in a Foreign Trade Zone adjacent to the Long Island MacAr-

thur Airport

Sitting midway between Long Islands eastern agricultural end/wine

country and NYC, it is uniquely positioned as a trade related asset

with shipping and logistics tenants.

Excellent Access and Visibility

Densely Populated Area

Suffolk county has a population of 1.5M

Low crime rate

Average Household Income Exceeds $98,000 Within 1 Mile

Median Home Value Within 1 Mile Exceeds $362,000

Positioned Near National Retail Tenants Including; Target,

Costco Wholesale, Kohl’s Plaza Shopping Center,

Home Depot, and a wide array of restaurants

1 T r a d e Z o n e C t , R o n k o n k o m a , N Y 1 1 7 7 9 | F O R T I S N E T L E A S E

TENANTS

GTI Design—www.gtidesigns.com

A full service design & build firm specializing in all types of food service

& retail projects

Jordao—www.jordao.com

Since 1982, a Portuguese-based manufacturer of high end cooling sys-

tems serving the food services industry.

7 Day Express—www.7dayexpressonline.com

LTL Freight, residential, commercial delivery as well as a temperature

Controlled Storage warehousing for our customers with new shipping

centers to come.

Debbie’s Gym—www.debbiesgym.com

Established in 1987 providing quality non-competitive gymnastics to

children ages 10 months to 18 years.

1 T r a d e Z o n e C t , R o n k o n k o m a , N Y 1 1 7 7 9 | F O R T I S N E T L E A S E

RENT ROLL

Tenant Rentable SF Lease Expiration Base Rent Options/Notes Increases

GTI Design 15,000 July-2021 $9.00 1X7 yr. renewal at FMV; est

$162,000 annual

$12,500 per month July

2019

Debbie’s Gym 5,000 Nov-2019 $8.52 $1,200 in Dec 2018

7 Day Express 10,000 June-2022 $9.36 1X2 yr. Renewal at increases

of $3,600/yr. $3,600 annual

Jordao, N. America 10,000 June-2022 $9.00 Tenant just exercised their 5

year renewal option $3,000 annual

TOTAL 40,000

INCOME

Gross Rental Revenues $361,200

EXPENSES

Real Estate Taxes ZERO/FTZ

Property Insurance $ 15,600

Management Fee $ 18,000

Snow Removal $ 12,000

Landscaping $ 9,500

Utilities $ 7,000

Repairs & Maintenance $ 15,000

Ground Rent (FTZ) $ 44,747

Expenses $ 121,847

NOI $ 239,353

Base Rent PSF shown is the blended rate

based on increases occurring from a mid

2018 Close. Any closings occurring after

that date will have a HIGHER income

scheduled

10 year Cash flow—Excel file can be provided upon request

1 T r a d e Z o n e C t , R o n k o n k o m a , N Y 1 1 7 7 9 | F O R T I S N E T L E A S E

Significant population density

with many homes and schools

Close proximity to major

Highways

Suffolk County Community Aspects

From Suffolk County website:

Whether your passion is history, beautiful gardens, arts and culture or just a relaxing day on the beach, you’ll find some of the

most enjoyable New York state attractions here in Suffolk County New York.

Main Industries: Suffolk County is home to the scientific innovations at Brookhaven National Lab, Stony Brook University and the

high-tech Route 110 corridor. Traditional family farms and wineries in Suffolk County's rural East End make it the biggest agricultur-al county in New York State.

Land: Suffolk County occupies the central and eastern part of Long Island, in the extreme southeast of New York State. The east-

ern end of the county splits into two peninsulas, known as the North Fork and the South Fork. The county is surrounded by water

on three sides, including the Atlantic Ocean and Long Island Sound, with 980 miles (1,580 km) of coastline. The eastern end con-

tains large bays.

Education: Suffolk County is home to numerous colleges and universities, both public and private including Hofstra and Stony

Brook.

1 T r a d e Z o n e C t , R o n k o n k o m a , N Y 1 1 7 7 9 | F O R T I S N E T L E A S E

Long Island City

INVESTMENT OVERVIEW

Fortis Net Lease is proud to present this extremely rare investment asset. This asset has not hit the market in over 20 years. It is a 40,000 square

foot multi-tenant industrial/flex building located in a Foreign Trade Zone adjacent to the Long Island MacArthur Airport (ISP). The town is Islip/

Ronkonkoma and is situated about 50 miles outside of New York City in the heart of Long Island.

The property is a leasehold investment which is typical near airports and Foreign Trade Zones. There is a full real estate tax abatement for all

tenants that qualify. Currently there is a 100% abatement on real estate taxes and current ownership has had this success for over 20 years. All

leases have increases and occupancy is 100%

TENANTS

GTI Design—www.gtidesigns.com

A full service design & build firm specializing in all types of food service & retail projects

Jordao—www.jordao.com

Since 1982, a Portuguese-based manufacturer of high end cooling systems serving the food services industry.

7 Day Express—www.7dayexpressonline.com

LTL Freight, residential, commercial delivery as well as a temperature Controlled Storage warehousing for our customers with new shipping

centers to come.

Debbie’s Gym—www.debbiesgym.com

Established in 1987 providing quality non-competitive gymnastics to children ages 10 months to 18 years.

1 T r a d e Z o n e C t , R o n k o n k o m a , N Y 1 1 7 7 9 | F O R T I S N E T L E A S E

Population:

White collar employment 67.6%

Blue collar employment 32.4%

Male population 49.2%

Female population 50.8%

Consumer spending +15%

2017 Population by Race:

White 80.8%

Black 7.4%

Asian 3.4%

Hispanic/Latino 16.5%

Other 5.9%

U.S. Armed Forces: 5.7%

Avg Household Income $98,499

Over $200K income 14%

Population Suffolk County

Total Population: 1.5 million

People per mile 1,637

Pop Growth 2018-2022: 2.5%

Average Age: 41.2

Households 474,311

Persons per household 3.1

Persons below poverty line 7.3%

Median Household Inc.: $98,499

Population living in single unit housing 84%

People who have moved in the previous yr. 6%

Median Home Value: $386,400

High school Grad or higher 90.8%

E XC LU S I V E LY P R E S E N T E D BY: ROBERT BENDER MICHAEL JAWORSKI DOUG PASSON Managing Partner Senior Advisor Managing Partner 248.254.3406 248.419.3807 248.254.3407 rbender@fnlre.com mjaworski@fortisnetlease.com dpasson@fnlre.com

1 TRADE ZONE CT, RONKONKOMA,NY 11779

[ www.fortisnetlease.com