2 Locations

STABLE CASH FLOW | MARK-TO-MARKET UPSIDE

• 10 of 18 suites, representing 85% of GLA, operate under NNN leases. When including two tenants on NN and N+ structures, net lease coverage extends to 93% of GLA, limiting landlord operating cost exposure to the small second-floor office suites (7% of GLA)
• Virtually all NNN tenants carry built-in annual rent escalations of 3–4%, with Fishhawk Oral & Facial Surgery carrying a tiered step-up structure that builds over 29% in rent growth across the initial lease term through escalations in Years 4, 7, and 10
• Anytime Fitness recently exercised a 5-year lease extension at a 67% increase in base rent, validating both the center’s ability to mark leases to market at renewal and the tenant’s long-term commitment to this location
• Four tenants operating at below-market rents carry no renewal options and roll between 2027 and 2028: Cherry’s Bar & Grill (2,680 SF), Art Monkey (2,351 SF), Sidekicks 215 (2,138 SF), and Sexton & Co. (1,402 SF) collectively present 7,571 SF of near-term re-leasing upside at current market rents

ESTABLISHED MASTER-PLANNED COMMUNITY

• Park Square serves as the primary retail, medical, and service hub for FishHawk Ranch, a 3,000-plus acre master-planned community in Lithia, FL with over 26,000 residents, creating a built-in, recurring customer base with limited retail alternatives within the community’s footprint
• FishHawk Ranch’s population has grown by over 700% since its founding in the late 1990s, driven by sustained demand from homebuyers drawn to the community’s top-rated Hillsborough County schools, extensive resort-style amenities, and convenient access to the broader Tampa Bay metro
• FishHawk Ranch’s master-planned structure creates a supply-constrained commercial environment, with limited opportunity to develop competing retail within the community’s footprint, positioning Park Square as an effectively irreplaceable asset within this trade area

SERVICE-ORIENTED, E-COMMERCE-RESILIENT TENANT MIX

• All 16 tenants operate in destination-based, experience-driven categories. These uses are insulated from online competition and generate consistent, recurring visitation from the surrounding residential community
• The TPO roof systems on both buildings were fully replaced in January 2026 and are covered by a 20-year transferable warranty that conveys with the sale, reducing the likelihood of needing to complete a major capital expense in the near future
• Anytime Fitness, the world’s largest fitness franchise with over 5,800 locations across 50 countries and a parent platform (Purpose Brands) with combined annual sales exceeding $3.5 billion, serves as the property’s fitness anchor and is a daily-use destination
• The healthcare segment anchored by Fishhawk Oral & Facial Surgery and Blooming Bright Pediatrics introduces two of the most resilient use categories in commercial real estate: specialty dental/surgical and pediatric medicine, both of which generate consist foot-traffic and have a very low probability of relocating

STRONG DEMOGRAPHICS

• 10,589 population within a 1-mile radius
• 34,088 population within a 3-mile radius
• $186,516 average household income within a 3-mile radius