Amedicus Lane

Property is tenant occupied:
PODS OF SOUTHWEST FLORIDA, LLC
(including PODS Enterprises, LLC corporate-backed guarantee)
A moving and storage leader, PODS® (Portable On-Demand Storage) services 47 U.S. States, Canada, Australia and the UK and has made over 4 million deliveries since the company was founded in 1998. The company provides moving and storage services to residential, business, and government customers in addition to disaster and emergency recovery services. Founded in 1998 and based in Clearwater FL, PODS has $380M in estimated revenue.

• The property is 100% occupied by PODS® (Portable On Demand Storage) on an Absolute NNN lease
• This long-term tenant has 7 years remaining on lease with (1) 5-year option

FINANCIAL DATA

• 10 year NNN lease beginning // March 2016 (7 years remaining)
• One (1) five (5) year renewal option
• Corporate backed guarantee
• Annual 2.5% rent increases

Rent.............................................$224,977.50
CAM.............................................$62,064.00
Total Revenue................................$287,041.50
RE Taxes.......................................$23,500.00
Insurance.....................................$11,900.00
Other Expenses.............................$26,664.00
Net Operating Income....................$224,977.50
Cap Rate......................................5.0%