Wells Fargo Building

INVESTMENT HIGHLIGHTS Absolute NNN lease to Wells Fargo Bank (Fitch: A+) with 4 years remaining of first option, remaining five 5 years options. Wells Fargo is an investment grade tenant with an BBB+ Rating by S&P. The lease is corporate guaranteed. Lease includes 3% annual rent increases, and six 5-year extensions Located in the heart of Dade City Downtown in busy 7th street, close to government office buildings. Wells Fargo occupies 6,612 sqft of office space in the first floor plus a 4 lane drive thru (approx.. 2,428 sqft). The second floor has been updated for office space with independent entry and access by stairs and elevator. At this moment being marketed at US$15.00 per sqft per year absolutely NNN, which will boost the NOI in US$114,201

EXECUTIVE SUMMARY Situated at a prime intersection on 7th street & Meridian Avr, in Dade City, Florida, this Wells Fargo benefits from a highly desirable location in one of Central Florida’s most vibrant markets. Dade City has a long and storied history. From its incorporation in 1885 and 1889, through land development booms, agricultural business booms and freezes to its current state as a historic Florida “character-city” replete with a historic downtown, neighborhoods and culturally unique festivals and community events. Built in 1998, the property was fully leased to Wells Fargo (Fitch: A+). Both the 1st and 2nd floors were leased to Wells Fargo. The absolute NNN lease features annual rent increases and includes six five-year renewal options. The tenant has already executed an early extension, with 4.0 years remaining on the lease term. Wells Fargo Bank is responsible for all on-site obligations, including roof and structure maintenance. The site offers ample parking, mature landscaping, and a convenient four-lane drive-thru. It is situated in the Government District, next to the City Hall and the famous Hugh Embry Library. Over the past two years, Dade City has a 2024 population of 9,130. It is also the county seat of Pasco County. Dade City is currently growing at a rate of 5.6% annually and its population has increased by 26.95% since the most recent census, which recorded a population of 7,192 in 2020. has experienced significant growth, adding more residents than any other area in Florida, thanks to its strategic location between Tampa and Orlando. Wells Fargo Bank is located on 98 (7th street) with easy access to access to I4, providing excellent connectivity throughout Central Florida. This unique positioning has attracted major distribution and logistics companies. Ongoing industrial development along the Interstate 4 corridor is expected to further reinforce Dade City’s status as a key distribution hub in the region.