RIVERCHASE Medical PortfolioNaples and Fort Myers, Florida

Sale Price: $15,500,000

Contact: Rick Tucker, MBA - 239-272-8515 Jay Crandall, CCIM, DDS - 239-860-6946

Presented by

Fort Myers Naples

NaplesFort Myers

Fort Myers

OFFERING MEMORANDUM

The Riverchase Medical Portfolio encompasses approximately 44,000+ square feet consisting of five highly desirable medical office buildings. This portfolio offers a 6.5% capitalized return today with annual escalations. All properties have excellent roadside exposure, long term leases, and modern appearances. The facilities are occupied by one of south Florida’s premier dermatology practices with an award winning team of 70 practicing physicians in 36 locations. The ‘Sunshine State” offers an outdoor lifestyle, with dermatology being one of the most needed specialties in this environment. The current owner/operators of Riverchase Dermatology are a well capitalized organization with over one billion is assets. Financial statements are available affirming excellent credit associated with this unique opportunity. The original founder of Riverchase Dermatology continues to own/maintain these buildings and has decided to sell them following the change of the business ownership in 2016. After an executed Confidentiality Agreement, all supporting documentation is available for a preliminary review. Please contact Richard Tucker for additional information at 239-272-8515.

15051 TAMIAMI TRAIL FORT MYERS, FL 33908

LEE COUNTY/FORT MYERS

2621 CLEVELAND AVENUE FORT MYERS, FL 33901

7331 GLADIOLUS DRIVE FORT MYERS, FL 33908

COLLIER COUNTY/NAPLES

1015 CROSSPOINTE DRIVE NAPLES, FL 34110

231 9TH STREET S NAPLES, FL 34102

OFFERING MEMORANDUM

All five buildings are located in Collier/Lee counties (Southwest Florida). Recently, Lee County was named third in the nation for first quarter job growth and this region has imported more wealth than the entire state of Texas over the last several years. Florida offers Homestead Exemption along with no state income tax. In addition, the economic advantages, tropical climate, and the overall desirability to live and work in Southwest Florida have contributed to explosive regional growth. With economic opportunity and stability in this area, the need for medical specialties (specifically Dermatology) is in high demand. All forecasts show continued growth outpacing practically every other region in the United States for many years in the future.

The subject properties are located on major corridors with excellent visibility which should continue to add value in the future. The SWFL population continues to grow the opportunities for business site locations in heavily populated areas along major corridors that are extremely limited.

Nestled along the scenic shoreline of the Caloosahatchee River, Fort Myers is a midsize metro area that continues to attract major corporations such as Hertz World Headquarters, Sony, amazon.com, and many others. Despite rapid growth in recent years, Fort Myers has retained its small town ambience with a charming downtown lined with shopping and restaurant experiences.

Lee County Population: 739,224

Perched on the Gulf of Mexico in Southwest Florida, Naples is well known for its high-end shopping, world-class culture and sophisticated dining. A natural and cultural gem, this Paradise Coast is filled with artful treasures and culinary delights. Naples is home to several Fortune 500 companies such as Arthrex, Florida Gulf Coast University, Ave Maria School of Law, along with one of the nations best public school systems. In addition, many CEO’s and celebrities are calling it home leading to recent publicity in Conde Nast Travel and Travel & Leisure. Naples has also been named as one of the U.S.A.’s most desirable locations for retirees.

Collier County Population: 372,880

https://fortmyers.org/ https://www.napleschamber.org/

PROPERTY LOCATIONS

7331 Gladiolus Drive

231 9th Street South

FORT MYERS

2621 Cleveland Avenue

15051 S. Tamiami Trail

NORTH NAPLES

NAPLES

Cleveland A

venue/Tamiam

i

1015 Crosspointe Drive

R I V E R C H A S E M e d i c a l Po r t f o l i o

NNN - Five Building Medical Practice - Corporate Guarantee Long Term Leases

Highly Desirable Naples & Fort Myers, Florida offered for $15,500,000

Corporate Guarantee with a Billion dollar organization Long term leases with annual escalations Existing 6.5% Capitalized Return Highly desirable specialty in the “Sunshine State” - Dermatology All facilities have excellent exposure and modern appearance Dominant regional practice with over 70 physicians High growth market Easily adaptable and desirable properties Safe, secure investment that will increase in value

Riverchase Office Park 9th Street Tamiami Trail Gladiolus Drive Cleveland Avenue

Address: 1015 Crosspointe Drive, Suites 1 &2

Naples, FL 34110

231 9th Street South Naples, FL 34102

15051 Tamiami Trail Fort Myers, FL 33908

(includes a Regions Bank branch)

7331 Gladiolus Drive Fort Myers, FL 33908

2621 Cleveland Avenue Fort Myers, FL 33901

GLA (SF) 5,200 6,610 21,429 8,060 2,800

Stories 1 1 2 1 1

RIVERCHASE MEDICAL PORTFOLIO

Prospect understands and agrees that all dealings concerning said/attached properties and/or business opportunities will be handled through CRANDALL COMMERCIAL GROUP LLC and Cooperating Broker (if any). Prospect further agrees that information received with respect to above mentioned properties/business opportunities will be kept in strict confidence and that the Prospect shall not disclose this information to any person, excluding those parties specifically involved in the transaction itself.

In the event that the Prospect violates this confidentiality covenant or any covenant herein with respect to properties/business referenced by this document, both CRANDALL COMMERCIAL GROUP LLC, Cooperating Broker and Seller shall be entitled to all remedies provided by law, including, but not limited to injunctive relief, damages and customary Real Estate fees. Prospect is acting as a Principal, and whether the Prospect holds a valid Real Estate license or not, Prospect acknowledges and agrees that he/she will not participate in the commission originated by the sale of any of the above properties and/or business opportunities. All information furnished is for information purposes only. No representation is made by CRANDALL COMMERCIAL GROUP LLC and Cooperating Broker as to the accuracy of this information. CRANDALL COMMERCIAL GROUP LLC and Cooperating Broker encourages Prospect to thoroughly review and verify information to Prospect's satisfaction that the data provided is substantially representative of the property and/or business being considered for purchase. In the event that the Prospect discloses the availability of said property/business to a third party, and this third party or Prospect purchases the property/business without CRANDALL COMMERCIAL GROUP LLC and Cooperating Broker receiving their fee(s), the Prospect in addition to the remedies specified herein above, will also be responsible for payment of CRANDALL COMMERCIAL GROUP LLC and Cooperating Broker's professional fee(s). In the event that subject property or any portion thereof is transferred for an amount less than the market value, then Broker's compensation shall be based on the listed price of real estate, land and/or business.

Prospective Purchaser Cooperating Broker

Name:________________________________ Name:________________________________

Address:______________________________ Lic. Number:___________________________ City, State, Zip:________________________ Brokerage Firm:________________________

Date:_________________________________ Phone:________________________________

PROSPECT SIGNATURE: ___________________________________________________

OFFERING MEMORANDUM: CONFIDENTIALITY AGREEMENT

Jay Crandall, CCIM Mobile: 239-860-6946 Office: 239-221-8481 Email: jay@jaycrandall.com

Richard Tucker, M.B.A. Mobile: 239-272-8515 Email: rctuck3@comcast.net