Florida Mall Promenade - 1187 Florida Mall Avenue, Orlando, FL 32809

Adjacent to one of the Busiest Malls in Florida
- Central Florida’s largest shopping center, boasting 1.85 million SF and featuring more than 250 retail, dining and entertainment options
- Mall sales exceed $1,000/SF annually
- Welcomes more than 20 million international and local visitors per year
- Anchored by major retailers like Macy’s, Dillard’s, JCPenney, Dick’s Sporting Goods, and Sears
- The 511-room Florida Hotel & Conference Center is connected to the mall

Attractive Value-Add Potential
- Currently 90% occupied with one available unit remaining
- The last available unit is 1,396 SF and can accommodate a wide range of potential users.
- Rental rates at the subject property are the most competitive amongst similar retail properties in the submarket
- Potential NOI growth of 14% and potential cash-on-cash return of nearly 15% after lease-up

Long-term Tenants That Demonstrate a Proven Location
- Excellent mix of restaurant and service tenants, resilient to e-commerce
- Montessori School of Orlando (50% of the GLA and 51% of the Gross Income) has been a tenant since 2009 and recently renewed twice in addition to their initial lease term
- Simon Parrilla Bar & Grill has been a tenant since 2013 and just exercised their five (5) year renewal option

Non-Management Intensive Investment With Significant Recent Capital Improvements
- Tenants have long-term leases that don’t expire for 4-5 years
- All tenants reimburse their full pro-rata share of operating expenses (NNN leases), minimizing the owner’s expense leakage
- Brand-new roof in 2016 with a twenty (20) year warranty
- The parking lot was resealed/striped in Q1-2018
- The exterior of the building was fully repainted in 2018