PRESENTED BY:

UNITED RENTALSOFFERING MEMORANDUMPRIME FORT MYERS INVESTMENT OPPORTUNITY11700 METRO PARKWAY • FORT MYERS, FL

L O C A T E D I NF O R T M Y E R S , F L

trinitycre.com9250 Corkscrew Rd • Suite 13 • Estero, FL 33928

© 2020 Trinity Commercial GroupThis information is considered accurate, but not guaranteed.

CONTACT INFORMATION

MATT FREDRICKSONPrincipal239.334.3040matt.fredrickson@trinitycre.com

METRO PKWY

METRO PKWY

HIDEAWAY COUNTRY CLUB

496± UNITS

KIM DAUGHERTYSenior Advisor239.334.3040kim.daugherty@trinitycre.com

EXECUTIVE SUMMARYUNITED RENTALS

PROP

ERTY

OVE

RVIE

W ADDRESS: 11700 METRO PKWY FORT MYERS, FL 33966

OWNERSHIP TYPE: FEE SIMPLE

BUILDING SIZE: 8,000± SF

ACREAGE: 1.98± AC

YEAR BUILT: 2000

LEASE TYPE: NNN

BASE TERM REMAINING: 5 YEARS

ANNUAL RENT: $180,000

NEXT RENT INCREASE: 11/01/21

GUARANTEE: CORPORATE

LOCATION:

THE SUBJECT SITE IS LOCATED ON THE WEST SIDE OF METRO PKWY, JUST NORTH OF ARC WAY IN FORT MYERS, FL.

ASKING PRICE: $2,769,230

NOI: $180,000

CAP RATE: 6.50%

SOUTHWESTFLORIDAN

NFORT MYERS,FLORIDA

N

HIDEAWAY COUNTRY CLUB

496± UNITS

PAGE FIELD AIRPORT

METR

O PK

WY

METR

O PK

WY

SUMMARY PROFILE2000-2010 Census, 2018 Estimates with 2023 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 26.5612/-81.8712

12499 S Cleveland Ave1 mi radius 3 mi radius 5 mi radius

Fort Myers, FL 33907

PO

PU

LATI

ON

2018 Estimated Population 0 T 15,011 64,998 146,194

2023 Projected Population 0 T 16,405 71,241 160,591

2010 Census Population 0 T 12,645 55,940 120,519

2000 Census Population 0 T 13,855 51,224 100,654

Projected Annual Growth 2018 to 2023 - 1.9% 1.9% 2.0%

Historical Annual Growth 2000 to 2018 - 0.5% 1.5% 2.5%

2018 Median Age 43.3 47.5 47.6

HO

US

EH

OLD

S

2018 Estimated Households 0 T 6,892 31,346 67,147

2023 Projected Households 0 T 7,184 32,674 70,167

2010 Census Households 0 T 5,826 27,057 55,701

2000 Census Households 0 T 6,413 23,925 45,650

Projected Annual Growth 2018 to 2023 - 0.8% 0.8% 0.9%

Historical Annual Growth 2000 to 2018 - 0.4% 1.7% 2.6%

RA

CE

AN

D

ETH

NIC

ITY

2018 Estimated White - 75.0% 81.3% 79.0%

2018 Estimated Black or African American - 10.0% 8.4% 10.9%

2018 Estimated Asian or Pacific Islander - 2.0% 2.6% 2.5%

2018 Estimated American Indian or Native Alaskan - 0.3% 0.3% 0.3%

2018 Estimated Other Races - 12.6% 7.3% 7.4%

2018 Estimated Hispanic - 26.9% 17.5% 17.3%IN

CO

ME 2018 Estimated Average Household Income $0 T $46,081 $66,686 $71,196

2018 Estimated Median Household Income $0 T $45,620 $57,283 $61,044

2018 Estimated Per Capita Income $0 T $21,227 $32,199 $32,817

ED

UC

ATI

ON

(AG

E 2

5+)

2018 Estimated Elementary (Grade Level 0 to 8) - 8.1% 4.5% 4.3%

2018 Estimated Some High School (Grade Level 9 to 11) - 6.5% 5.7% 6.0%

2018 Estimated High School Graduate - 28.0% 27.1% 27.1%

2018 Estimated Some College - 19.8% 20.1% 20.4%

2018 Estimated Associates Degree Only - 11.1% 9.2% 8.8%

2018 Estimated Bachelors Degree Only - 16.4% 20.6% 20.5%

2018 Estimated Graduate Degree - 10.2% 12.8% 12.9%

BU

SIN

ES

S 2018 Estimated Total Businesses 0 T 1,440 6,712 11,220

2018 Estimated Total Employees 0 T 14,362 64,076 102,978

2018 Estimated Employee Population per Business - 10.0 9.5 9.2

2018 Estimated Residential Population per Business - 10.4 9.7 13.0

©2019, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 10/2018, TIGER Geography

D E M O G R A P H I C SF O R T M Y E R S , F L

TENANT INFORMATIONUNITED RENTALS

A B O U T T H E T E N A N T

UNITEDRENTALS.COM • BUILDING A BETTER FUTURE IS OUR COMMITMENT TO THE PEOPLE AND COMMUNITIES WE SERVE.United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,186 rental locations in North America and 11 in Europe. In North America, the company operates in 49 states and every Canadian province. The company’s approximately 18,500 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers approximately 3,800 classes of equipment for rent with a total original cost of $14.18 billion. United Rentals is a member of the Standard & Poor’s 500 Index, the Barron’s 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Conn. Additional information about United Rentals is available at unitedrentals.com.

OUR CUSTOMERS: Our diverse customer base includes construction and industrial companies, utilities, municipalities, government agencies and independent contractors. Most of our customers align with three categories: approximately 50% are non-construction, such as industrial; 46% are non-residential construction; and 4% are residential. We provide every customer with access to the best people, equipment and solutions in the industry.

OUR MISSION: Deploy the best people, equipment and solutions to enable our customers to safely build a better and stronger future.

OUR VALUES: Safety First: Act, and require others to act, in a manner that puts the safety of our employees, customers and communities first.A Passion For People: Build a diverse workplace that challenges all employees to grow professionally and embrace teamwork.Visible Leadership: Lead by example in every business decision and action, with a sense of humility and responsibility.Customer-Driven: Support the best interests of our customers and develop better ways for them to succeed at their jobs.Absolute Integrity: Always do the right thing, honor commitments and ensure appropriate corporate governance.Community-Minded: Be an outstanding corporate citizen and a good neighbor in every sense by being helpful, respectful, law-abiding and friendly.Continuous Innovation: Contribute to a culture of innovative thinking that empowers employees to improve quality, efficiency and customer service.Sustainability: Engage in practices that lead to positive change by encouraging social accountability and environmental responsibility.

A B O U T T H E T E N A N T

“Our fourth quarter contributed to a solid year of profitable growth and returns,” United CEO Matthew Flannery said in a statement. “Results were driven by growth in our core construction end-markets, while challenges in our industrial verticals impacted both revenue and margins in the quarter.

Our 2020 outlook reflects the profitable growth we expect to deliver in what is forecasted to be a slower growth phase of this continuing upcycle,” Flannery said. “We are well-positioned to support our customers across the end-markets we serve, while remaining disciplined in our approach to (capital expenditures).”

- CEO Matthew Flannery

ABOUT UNITED RENTALS

United Rentals (NYSE:URI) was founded in 1997 and quickly became the world’s largest equipment rental provider. Today, our company continues to build on its industry leadership with a best-in-class range of resources and the largest customer service network of its kind in North America.

United Rentals deploys $14.16 billion of fleet (original equipment cost) through approximately 1,180 branches, a centralized reservation service and automated online ordering. Our branches are fully integrated through technology, allowing them to collaborate on solving customer needs.

CUSTOMERS

United Rentals’ customer base is a diverse mix of construction and industrial companies, utilities, municipalities, government agencies and others. Most of our customers align with two categories: approximately 48% are non-residential construction, and 47% are non-construction, such as industrial. About 5% are homeowners, municipalities and other types.

To serve this base, we employ customer service professionals who have firsthand knowledge of equipment capabilities and site challenges. Their expertise, together with our company’s commitment to safety, are compelling competitive advantages.

BUSINESS OPERATIONS

United Rentals serves its customers as a single-source solution, provided through two business segments: General Rentals and Specialty Rentals: General Rentals offers construction, industrial and homeowner equipment for rent, and related services. Specialty Rentals includes the rental of equipment and tools for underground construction, temporary power, climate control, fluid solutions, disaster recovery, onsite tool management and related services.

To serve specific sectors of its customer base, United Rentals has a comprehensive National Accounts program, industrial specialists and government sales specialists.

Additional customer services are provided by the company’s centralized, toll-free call centers, emergency response teams, and individuals dedicated to larger accounts, such as managed services consultants and single points of contact.

UR WORKSITE®

The United Rentals safety culture takes a no-compromise approach to loss prevention and safe behavior. Examples of safety initiatives include the company’s Injury and Illness Prevention Program, branch safety meetings, driver safety programs and the United Academy® training and certification management portal for customers and employees.

Total Control® is United Rentals’ proprietary, web-based rental management software, designed to help large customers reduce equipment consumption, control costs and drive efficiencies.

UR Control® is an online rental management platform that provides unlimited access to account details, giving customers the tools to track and control equipment costs and view all rented equipment, even across multiple accounts. With UR Control, users can request equipment pickups, submit electronic (ACH) payments, and access more than a dozen customer-specific reports that support bidding, budgeting and decision-making.

Tool Management is a service for capital projects, maintenance shutdowns and turnarounds, whereby an on-site mobile tool room is established to facilitate workflow and enhance accountability.

On-Site Shop Services are offered for major capital projects through a centralized, on-site maintenance and repair facility.

Sustainability is a major, ongoing focus of United Rentals as part of our commitment to Corporate Responsibility. Our company has implemented Sustainable Growth initiatives in the areas of facilities, fleet and logistics. We believe that these initiatives will result in the reduction of our total cost of operation and will safeguard the environment, while helping our customers reduce their own carbon footprints.

URI®

© 2020 United Rentals, Inc.

|UnitedRentals.com 800.UR.RENTS

All Rights Reserved. 10/28/2020

A B O U T T H E T E N A N T

URI®

COMPANY SNAPSHOT

President and Chief Executive OfficerMatthew J. Flannery

Executive Vice President and Chief Financial OfficerJessica T. Graziano

Executive Vice President and Chief Operating OfficerDale A. Asplund

Company Profile:

• 2019 total annual revenue of $9.35 billion, including $7.96 billion in equipment rental revenue, from two reporting segments: General Rentals and Specialty Rentals.

• $14.16 billion OEC of rental fleet that includes 4,000 classes of construction and industrial equipment, as well as specialty solutions for trench safety, fluid solutions, power generation and climate control.

• A customer service network of approximately 1,170 rental locations in North America and 11 in Europe, including a presence in more than 300 metropolitan markets in North America.

• A team of approximately 18,400 industry experts with knowledge about equipment applications for virtually all types of construction and industrial projects.

• Safety leadership in risk management and loss prevention, professional customer training, certifications and site evaluations.

• Unparalleled technology and specialty resources, such as Total Control®, Tool Management, On-Site Shop Services and Online Ordering.

• Sustainable growth and diversity practices that are the foundation of corporate responsibility.

Contact Information:Ted GraceVice President, Investor Relations(203) 618-7122tgrace@ur.com

United Rentals, Inc.Corporate Headquarters:100 First Stamford Place, Suite 700Stamford, CT 06902UnitedRentals.com

© 2020 United Rentals, Inc.

|UnitedRentals.com 800.UR.RENTS

All Rights Reserved. 10/28/2020

F I N A N C I A L I N F O R M A T I O N

LEASE TYPE: NNN

BASE TERM REMAINING: 5 YEARS

ANNUAL RENT: $180,000

NEXT RENT INCREASE: 11/01/21

GUARANTEE: CORPORATE

LOCATIONS: 1,181

YEAR ANNUAL RENT

MONTHLY RENT RENT/SF CAP RATE

CURRENT $180,000 $15,000 $22.50 6.50%

11/1/20 - 10/31/21 $180,000 $15,000 $22.50 6.50%

11/1/21 - 10/31/22 $184,400 $15,450 $23.18 6.70%

11/1/22 - 10/31/23 $190,962 $15,914 $23.87 6.90%

11/1/23 - 10/31/24 $196,691 $16,391 $24.59 7.10%

11/1/24 - 10/31/25 $202,592 $16,883 $25.32 7.32%

MARKET OVERVIEWUNITED RENTALS

Definitions of Southwest Florida vary, though its boundaries are generally considered to put it south of the Tampa Bay area, west of Lake Okeechobee, and mostly north of the Everglades and to include Manatee, Sarasota, Charlotte, Lee, and Collier counties. For some purposes, the inland counties of DeSoto, Glades, and Hendry, and the thinly populated mainland section Monroe County, south of Collier, are also included. The region includes four metropolitan areas: the North Port-Bradenton-Sarasota MSA (sometimes alternately considered a part of the Tampa Bay Area to the north), the Cape Coral-Fort Myers MSA, the Naples-Marco Island MSA, and the Punta Gorda MSA. Southwest Florida is one of the fastest-growing areas in the nation, according to the U.S. Census Bureau’s most recent population estimates.

Lee and Collier counties ranked in the top 10 of the nation’s fastest-growing metro areas based on population increases from July 2013 to July 2014. Census figures released today show Lee County added 18,177 people during that span, an increase of 2.7 percent, the sixth-largest increase in the country. Collier ranked No. 10 with an increase of 2.5 percent, adding an estimated 8,671 residents. The Census Bureau estimated Lee’s population at 679,513 as of last July and 348,777 for Collier. If both counties grow at their same rates through July 2015 that would put Lee’s population at an estimated 697,860 and Collier’s at 357,496.

Southwest Florida was largely ignored by commercial developers until the late 1800s, and as such, lacks much of the heavier development present in other parts of Florida, such as that found in the central or southern regions of the state. In recent years however, there has been a major real estate boom focusing on downtown Fort Myers (high-rise residential condominiums); southern Lee County (commercial development and high-technology); eastern Collier County (residential development); and eastern parts of Bradenton.

Southwest Florida International Airport, located in South Fort Myers, served over 7.9 million passengers in 2014 and offers non-stop flights to 3 cities in Europe and 2 in Canada, in addition to 36 domestic airports. The area’s secondary airport, Sarasota-Bradenton International Airport, served 2.9 million passengers in 2014. Southwest Florida is served by several major highways, including the Tamiami Trail (U.S. 41) and the Interstate 75 freeway, both of which connect the area to Tampa to the north, and Greater Miami–Ft. Lauderdale to the east. Tourism is a major economic driver in the area. In addition, many seasonal residents live in the area during the winter months, as temperatures in south Florida stay very moderate during that time of year.

SOUTHWESTFLORIDA

Located on the south bank of the Caloosahatchee River, Fort Myers has been home to soldiers, ranchers, cowboys, snowbirds and inventors. Named after Col. Abraham Myers, Fort Myers was founded in 1850 as a military outpost during the Seminole Wars. The Fort saw service again as a Union outpost during the Civil War and was officially retired from military service in 1865. Almost immediately the abandoned Fort Myers became home to settler families, land speculators and Florida Crackers (our cowboys and cowgirls).

By 1885, the town of Fort Myers was established, the Fort Myers Press was printing and world famous inventor Thomas Alva Edison called Fort Myers his winter home. During this period Fort Myers became the county seat of the newly formed Lee County and tourism boomed as offshore tarpon fishing enticed sport fishermen and adventurers from around the world.

Fort Myers saw amazing growth through the 1920s until the combination of a failing real estate market and crashing stock market sent Fort Myers into depression. The new Federal Post Office building, the Edison Bridge and the Yacht Basin all made significant improvements to the struggling downtown.

It was a return to Fort Myers’ military heritage that would bring all of Southwest Florida out of depression and into prosperity. The establishment of Buckingham Field and Page Field during World War II brought thousands of service men and women to Lee County and gave local business a much need boost with government contracts and services for the two bases. Since the 1950’s Southwest Florida and Fort Myers have seen amazing growth and prosperity and have become premiere destinations for sun-seekers, investors and retirees.

CITY OF FORT

MYERS

FACTS AT A GLANCE

YEARS SINCE TCG’S

INCEPTIONOVER 200+

ACTIVE LISTINGS

TEAM MEMBERS INSOUTH FL OFFICES

TENANT REPRESENTATION

ASSET DISPOSITION

INVESTMENT SERVICES

LANDLORDREPRESENTATION

DEVELOPMENT SERVICES

MULTI-FAMILY

9+

30+

© 2020 Trinity Commercial GroupThis information is considered accurate, but not guaranteed. TCG has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than TCG and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income,expenses, and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own indepen-dent investigation and rely on those results. The information herein is subject to change.

PRESENTED BY:

SOUTHWEST FL OFFICE9250 Corkscrew Rd Suite #13Estero, FL 33928

P: 239.334.3040

MATT FREDRICKSONPrincipal239.334.3040matt.fredrickson@trinitycre.com

KIM DAUGHERTYSenior Advisor239.334.3040kim.daugherty@trinitycre.com