TD BANK

INVESTMENT HIGHLIGHTS

• New Construction NNN ground lease – 25-year Lease with approximately 19.5 years remaining on the primary term – zero landlord responsibilities
• 10% rental increases every five years, bringing the return to 5.98% the last five years of the primary term (based on an all-cash purchase at the asking price)
• Lease secured by the eighth largest commercial bank in the United States (according to the Federal Reserve) – Investment grade credit tenant with an AA- rating by Standard & Poor’s
• TD Bank provides service to more than 9 million customers with a full range of retail, small business and commercial banking products and services at more than 1,200 locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida
• High-Quality Construction – Property was built in 2012 to be up to date with TD Bank’s prototype
• Densely Populated Area with Robust Demographics – The 1-mile population is over 29,000 and the 5-mile population is just over 470,000. The area has had approximately 8% population growth since 2010
• Located on a signalized corner across from a Bank of America and Chase Bank
• The Mall at 163rd Street – Subject property is located across the street from The Mall at 163rd Street with anchors The Home Depot, Marshalls, Ross, and Wal-Mart Supercenter
• Strong Rental Increases and Renewal Options – Tenant has 10% rent increases for the life of the lease with four (4) five (5) year options to renew
• Strong Traffic Counts – The subject property is located on NE 163rd St, with a traffic count of 57,000 vehicles per day. The subject property is between I-95 and Biscayne Blvd
• North Miami Beach is best known for its line of popular ocean beaches. There are seven elementary schools, two middle schools, and three high schools in North Miami Beach