2600 E BAY DR Largo FL 33771

Lee and Associates National Investment Services Group, (“NISG”) is pleased to present the opportunity to acquire the Fee simple interest in 2600 E Bay Drive, Largo, FL 33771. The property is a two-story 14,824 SF mixed-use building situated on 1.76 acres located directly on East Bay Drive (60,093 ADT) in Largo, FL (Tampa MSA). The property is anchored with a flagship Bank of America financial service center branch which occupies the full 8,213 SF 1st floor. Bank of America recently exercised their option to renew early, providing firm term on a NNN lease through September of 2029, and has an additional (15) five-year options to renew. Bank of America has occupied this location since 2008 and currently has $113,000,000 in deposits.

The 2nd floor of this asset is currently configured for office space and benefits from a premier arrival experience in the well-appointed lobby with a tenant directory and private elevator. The 2nd floor office space consists of 6,611 SF and is currently configured into 5 office suites and a storage space. The tenancy of the office suites are a mix of financial services and medical users. The office tenants are all on gross leases with below-market rents. There is an immediate add-value opportunity to renew the existing tenants at market rate rents on NNN leases which will grow NOI by 25% in YR 2 of the hold period.

2600 E Bay Drive presents a rare opportunity to acquire a true add-value property in the Tampa Bay market with an investment-grade anchor tenant.

• Rare opportunity to a acquire a value-add mixed used property with an investment grade anchor tenant in the Tampa Bay MSA

• Located in the growing Largo, FL submarket on the highly trafficked East Bay Drive benefiting from over 60,000 ADT and approximately 123,000 households with $95,000 incomes on a 3-mile radius

• Bank of America has occupied this location since 2008 and recently exercised its option to renew early providing firm term through 2029 and further benefiting from an additional (15) five-year options with rent increases.

• Add Value opportunity by renewing the 2nd floor office tenants at market rents creating 25% NOI growth in YR 2 of the hold period.