Palm Bay, FL - New Developments | Population Growth • New York-based developer, DW Partners, received permits to construct 1,238 homes on 450 acres in Palm Bay, 4 miles West of the subject property • Palm Bay is currently growing at a rate of 2.3% annually, and its population has increased 7.05% since the most recent census Fronting Minton Rd | Hammock Landing/Palm Crossing | Surrounding National Tenants | Off I-95 • The subject property is strategically fronting Minton Rd averaging 44,300 VPD • Less than a mile off I-95 (80,000 VPD), allowing users to benefit from direct on/off ramp access to the site • Located less than half a mile from Hammock Landing and Palm Crossings • Hammock Landing is power center that features big box tenants such as Kohl’s, Target, Ross, Michaels, Marshalls, HomeGoods, and more • Other national tenants in Hammock Landing include Culver’s, Panera Bread, Longhorn Steakhouse, and more • Hammock Landing ranks in the top 73% of all US power center as well as in the top 83% of all FL power centers according to Placer.ai • Ross - Top 85% FL locations • Michaels - Top 98% FL locations • Culver’s - Top 95% FL locations • Panera - Top 92% FL locations • Palm Crossing is a Publix-anchored shopping center that features other national tenants such as Chase Bank, Chipotle, Regions Bank, and more • The Publix is ranked in the top 97% of all US & FL locations, as well as in the top 100% of all locations within a 15-mile radius according to Placer.ai Strong Demographics In 5-Mile Trade Area • More than 154,000 residents and 56,000 employees support the trade area • $88,831 average household income within a 1-mile radius