EYEGLASS WORLD NNN LEASE 2610 SE FEDERAL HIGHWAY, STUART FL 34994

4,000 SF | 5.5 CAP | 2% INCREASES | STRONG CORPORATE GUARANTEE

EXCLUSIVELY MARKETED BY

NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE

INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS,

CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL

WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO

WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY

HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.

EYEGLASS WORLD NNN LEASE INVESTMENT

Jeremiah Baron | Broker

Jeremiah Baron & Co.

49 SW Flagler Ave. Suite 301 | Stuart FL, 34994

P: 772-528-0506

E: jbaron@commercialrealestatellc.com

FL License No. BK3020087

4 PROPERTY SUMMARY

5 INVESTMENT HIGHLIGHTS

6 PROPERTY DETAILS

7 PROPERTY OVERVIEW

8 DEMOGRAPHICS

9 AERIAL(S)

11 SITE PHOTOS

12 TENANT PROFILE

4

PROPERTY SUMMARY

Jeremiah Baron & Co. is pleased to present an exceptional triple net lease

investment opportunity of a brand new EyeGlass World outparcel located in the

newly built shopping center known as Baron Shoppes in Stuart, Florida.

As a net lease investment - the Tenant shall reimburse the Landlord for all

expenses associated with the building. The lease is guaranteed by National Vision,

Inc. who owns over 750 stores and counting with brands that include: EyeGlass

World, America’s Best, Vista Optical, and Vision Center. Fee There is also a 10+

year roof warranty in place.

The 4,000 square foot building sits on +/- 3/4 acres plus cross access and parking

to the adjacent 5 acre shopping plaza that consists of National and Regional brands

such as Moe’s Southwest Grill, Firehouse Subs, Metro Diner, Great Clips, Jupiter

Medical, and more.

The subject property is ideally located along SE Federal Highway with 46,900 cars

per day, and features two prominent monument signs which provide great

visibility. The site is adjacent to Regency Square Shopping Center, which features

Stein Mart and Regency 8 Cinemas.

The City of Stuart sits along Florida’s Treasure Coast as part of the Port St. Lucie

MSA. The area features economy driven by the retail service, hospitality,

construction and government sectors. Stuart provides quick access to nearby

metropolitan centers Fort Pierce and West Palm Beach via US-1.

5

INVESTMENT HIGHLIGHTS

STRONG TENANT LINEUP | BRAND NEW LONG TERM LEASE

EyeGlass World and the surrounding tenants have signed 10 year leases which demonstrates the long term commitment to the

site.

BRAND NEW 2018 CONSTRUCTION

Completion of the site back in May of 2018. Building features a modern façade and building structure of high caliber.

SIGNIFICATNT FRONTAGE ALONG SE FEDERAL HIGHWAY

Excellent location along SE Federal Highway (US-1) with 46,900 cars per day. Features two highly visible monument signs.

STRONG INCOME GROWTH

2% annual rental increases

CORPORATE GUARANTEE

Lease is guaranteed by National Vision, Inc. who owns over 750 stores and counting; brands include America’s Best and others.

PRIMARY RETAIL CORRDIOR WITH SIGNIFICANT NATIONAL TENANT PRESENCE

National tenants in the immediate area include The Home Depot, Walmart, TJ Maxx, Walgreens, and many others!

DENSE POPULATION IN A 5-MILE TRADE AREA

More than 10,000 residents and nearly 58,000 employees support the trade area; Affluent $86,000 average household income

6

OFFERING

PRICE $2,690,909

NOI $148,000.00

CAP RATE 5.5%

ANNUAL INCREASES 2%

EFFECTIVE DATE October 2018 - October 2028

OWNERSHIP Fee Simple (Land and Building)

PROPERTY DETAILS

PROPERTY SPECIFICATIONS

BUILDING SIZE 4,000 sf

ACREAGE +/- 3/4 AC

FRONTAGE 100’

YEAR BUILT 2018

CONSTRUCTION TYPE CBS

PARKING SPACE 190+

ZONING B2 - Business General

LAND USE Shopping Center

PARCEL ID 15-38-41-000-000-00240-2*

7

PROPERTY OVERVIEW

ACCESS SE Federal Hwy / US-1 (2 Access Points)

TRAFFIC COUNTS

46,900 ADT (SE Federal Hwy)

28,500 ADT (SE Monterey Rd)

IMPROVEMENTS 4,000 SF

PARKING Approx. 194 spaces

YEAR BUILT 2018

PARCEL 15-38-41-000-000-00240-2*

ZONING B2 - Business General

P

31

Z

8

DEMOGRAPHICS

1 Mile 3 Mile 5 Mile

2017 Estimated Population 5,259 47,309 100,514

2017 Projected Population 5,453 49,191 105,128

2010 Census Population 4,957 44,898 94,934

2017 Estimated HH 2,054 20,969 45,175

2022 Estimated HH 2,135 21,761 47,151

2010 Census HH 1,961 20,050 42,878

2017 Estimated White 76.95% 88.04% 91.22%

2017 Estimated Black or African American 14.00% 6.93% 4.90%

2017 Asian or Pacific Islander 1.33% 1.54% 1.45%

2017 Estimated American Indian or Native Alaskan 1.45% 0.83% 3.94%

2017 Estimated Hispanic 27.38% 18.32% 12.28%

2017 Estimated Average HH Income $56,536 $77,417 $86,391

2017 Estimated Median HH Income $38,097 $50,218 $54,248

2017 Estimated Per Capita Income $27,212 $34,943 $39,352

2016 Estimated Total Businesses 773 3,897 5,700

2016 Estimated Total Employees 8,733 42,931 58,121

9

10

11

SITE PHOTOS

12

TENANT PROFILE

National Vision, Inc. ("NVI") is one of the largest and fastest growing optical retailers in the

United States and a leader in the attractive value segment of the U.S. optical retail industry. We

believe that vision is central to quality of life and that people deserve to see their best to live

their best, no matter what their budget. Our mission is to make quality eye care and eyewear

affordable and accessible to all Americans. We achieve this by providing eye exams, eyeglasses

and contact lenses to cost-conscious and low-income consumers.

National Vision, Inc. is one of the largest optical retailers in the United States, operating 1,000 retail locations in 44 states plus the District of Columbia

and Puerto Rico. We believe we are one of the fastest growing U.S. optical chains, having opened 504 stores in the past 10 years and having delivered

65 consecutive quarters of positive comparable store sales growth.

EyeGlass World, LLC operates a chain of eyewear stores in the United States. Offering glasses for men, women, and kids; designer glasses, sunglasses,

and safety eyewear; functional and fashionable safety eyewear with various lenses and frames; contact lenses, accessories; an ti-reflective coating,

transition color-changing, impact-resistant polycarbonate lenses; and single vision plastic lenses. The company also provides optometry services, and

additionally sells eyeglasses online.