OFFERING MEMORANDUM. Available: Advance Auto Parts

Transcription

1 Available: Advance Auto Parts OFFERING MEMORANDUM Freestanding Building Largest Populated City in Florida (5) Years remaining on 15 year Lease Income Tax Free State Jacksonville, FL NORTH FLORIDA / DUVAL COUNTY Actual Location Not Shown FOR MORE INFORMATION Luke Waters ext. 121 Luke@sullivanwickley.com

2 ABOUT SULLIVAN WICKLEY OUR STORY Sullivan Wickley operates in three distinct areas: our Development Services specializes in tenant build-tosuit programs and shopping center development, our Third Party Services which includes leasing, tenant representation, property management and investment sales, and our Portfolio Ownership which manages our private real estate investment fund for acquisitions. Sullivan Wickley was founded in 1999 by Brian Sullivan and Adam Wickley to create a full service program of build-to-suit and commercial development combined with premier brokerage services. With our extensive real estate experience, the company seeks to leverage its long term relationships and track record of success to provide excellent services, deliver quality locations for our clients, and cash flow and value appreciation for our partners. The enclosed information has been secured by sources deemed to be reliable, SWE Realty, LLC makes no representations or warranties expressed or implied as to the accuracy of the above information. Purchaser must verify the accuracy of the enclosed information and bears all risks for any inaccuracies. Enclosed information is subject to verification and no liability for errors or omissions are assumed.

3 EXECUTIVE SUMMARY SUMMARY ANNUAL RENT INITIAL RENT COMENCEMENT INITAIL LEASE EXPIRATION INITIAL LEASE TERM RENEWAL OPTIONS RENT INCREASES TENANT RESPONSILBILITIES LESSOR REPONSIBILITIES LEASE GUARANTOR $135,300 (7,000 SF building) (1.44 Acres) November 13, 2007 November 30, Year Net/Net Three (3) / 5 Year Renewals 5% Each Option RE Taxes, Insurance (LL required to carry $2m of GL), Roof, HVAC Foundation and Exterior Walls Advance Auto Parts, Inc NYSE : AAP TERMS PRICE $1,866,206 CAP 7.25% HIGHLIGHTS Freestanding Building 5 Years Remaining on 15 Year NN Lease Site has Great Visibility along 103rd Street Excellent Access off main Thoroughfare Strong surrounding National Retail including: Publix, Food Lion, IHOP, McDonalds, Family Dollar, etc.. Over 160,000+ residents within 5 miles

4 PROPERTY DETAILS 1 MILE 3 MILE 5 MILE POPULATION 14,690 66, ,800 HOUSEHOLDS 5,259 23,237 59,259 HOUSEHOLD INCOME $42,920 $44,386 $46,976

5 PROPERTY AERIAL Single Family Residential

6 LOCAL BUSINESSES Single Family Residential Westside High School

7 JACKSONVILLE, FLORIDA Jacksonville is the largest city by population in the U.S. state of Florida, and the largest city by area in the contiguous United States. It is the county seat of Duval County, with which the city government consolidated in Consolidation gave Jacksonville its great size and placed most of its metropolitan population within the city limits; with an estimated population of 913,010 as of 2017, Jacksonville is the most populous city in the state of Florida and the southeastern United States. The Jacksonville metropolitan area has a population of 1,626,611. It is the 34th largest MSA in the United States and fourth largest in Florida. Jacksonville is centered on the banks of the St. Johns River in the First Coast region of northeast Florida, about 25 miles (40 km) south of the Georgia state line and 340 miles (550 km) north of Miami. The Jacksonville Beaches communities are along the adjacent Atlantic coast. The area was originally inhabited by the Timucua people, and in 1564 was the site of the French colony of Fort Caroline, one of the earliest European settlements in what is now the continental United States. Under British rule, settlement grew at the narrow point in the river where cattle crossed, known as Wacca Pilatka to the Seminole and the Cow Ford to the British. A platted town was established there in 1822, a year after the United States gained Florida from Spain; it was named after Andrew Jackson, the first military governor of the Florida Territory and seventh President of the United States. Harbor improvements since the late 19th century have made Jacksonville a major military and civilian deepwater port. Its riverine location facilitates Naval Station Mayport, Naval Air Station Jacksonville, the U.S. Marine Corps Blount Island Command, and the Port of Jacksonville, Florida's third largest seaport. Jacksonville's military bases and the nearby Naval Submarine Base Kings Bay form the third largest military presence in the United States. Significant factors in the local economy include services such as banking, insurance, healthcare and logistics. As with much of Florida, tourism is also important to the Jacksonville area, particularly tourism related to golf.