20 SURPLUS FAMILY DOLLAR PROPERTIES

Transcription

1 LOW SUGGESTED OPENING BIDS! ONLINE AUCTION: OCT FORMER RETAIL STRUCTURES & DEVELOPMENT LAND Many Well-Positioned Locations Throughout the Midwest, Southwest & Southeast Regions On-Site Inspections: October 18 Purchase Individual Properties or in Any Combination

2 ID# CITY STATE TYPE BUILDING SF LOT SF DEPOSIT REQ D TO BID SUGG. OPENING BID ALABAMA 1 Gadsden AL Building 7,000 25,265 $5,000 $165,000 ARIZONA 2 Huachuca City AZ Building 7,443 31,350 $5,000 $200,000 FLORIDA 3 Leesburg FL Building 7,644 43,560 $10,000 $550,000 4 Pierson FL Building 7,646 73,615 $10,000 $325,000 GEORGIA 5 Patterson GA Building 7,647 50,090 $5,000 $165,000 ILLINOIS 6 Kankakee IL Land n/a 21,750 $2,500 $85,000 7 Shelbyville IL Building 7,565 21,900 $5,000 $160,000 KENTUCKY 8 Monticello KY Building 7,100 30,490 $5,000 $190,000 9 Providence KY Building 6,000 20,040 $2,500 $40,000 MICHIGAN 10 Calumet MI Building 7,909 7,910 $5,000 $140, Pontiac MI Land n/a 29,750 $7,500 $245, Vicksburg MI Building 8,000 43,560 $7,500 $280, Ypsilanti MI Land n/a 53,580 $7,500 $205,000 MISSISSIPPI 14 Stonewall MS Building 7,647 60,500 $5,000 $160,000 NORTH CAROLINA 15 Rocky Mount NC Building UNDER 7,480 CONTRACT 37,100 $5,000 $135,000 OHIO 16 New Carlisle OH Land n/a 55,320 $7,500 $260, Ottawa OH Building 9,280 40,425 $7,500 $290,000 OKLAHOMA 18 Perkins OK Building 7,544 27,400 $5,000 $175,000 TEXAS 19 Crosbyton TX Building 11,091 12,880 $5,000 $115,000 WEST VIRGINIA 20 Whitesville WV Building 6,000 24,200 $2,500 $85,000 ON-SITE INSPECTIONS: All on-site inspections, for locations with structures, will take place on October 18 from 11: 00 a.m. to 1:00 p.m. This will be the ONLY time to gain access to building interiors prior to the online auction.

3 E Meighan Boulevard Gadsden, AL N Huachuca Boulevard Huachuca City, AZ S 14th Street Leesburg, FL N Center Street Pierson, FL WITH GREAT VISIBILITY WITH HIGHWAY FRONTAGE WITH EXCELLENT VISIBILITY WITH EXCELLENT VISIBILITY ON US HWY 17 Suggested Opening Bid: $165,000 Suggested Opening Bid: $200,000 Deposit Required to Bid: $10,000 Suggested Opening Bid: $550,000 Deposit Required to Bid: $10,000 Suggested Opening Bid: $325,000 Building: 7,000± SF Lot: 25,265± SF Taxes (2017): $2,578 Shadow anchored by Royal Plaza Shopping Center Building: 7,443± SF Lot: 31,350± SF Taxes (2017): $11,617 Abundance of surface parking Good condition building & available for immediate occupancy Building: 7,644± SF Lot: 43,560± SF Taxes (2017): $13,237 Ideally positioned near a strong retail corridor Nearby retailers include: Publix, Walgreens, Aldi, Dollar General, Office Depot & Save-A-Lot Building: 7,646± SF Lot: 73,615± SF Taxes (2016): $1,515 Commercial zoning - ideal for many uses Pylon sign & 97 of frontage on Center Street Highway 84 Patterson, GA E Court Street Kankakee, IL W Main Street Shelbyville, IL N Main Street Monticello, KY NEWER ON US 84 IN MAIN RETAIL CORRIDOR VACANT COMMERCIAL LAND PARCEL NEAR RESIDENTIAL NEIGHBORHOODS Suggested Opening Bid: $165,000 Suggested Opening Bid: $85,000 Suggested Opening Bid: $160,000 Suggested Opening Bid: $190,000 Building: 7,647± SF Lot: 50,090± SF Taxes (2017): $8, surface parking space Pylon signage 224 frontage on Hwy 84 & 223 on Church St Lot: 21,750± SF Taxes (2017): $1,807 Nearby retailers include: Family Dollar, Advance Auto Parts, U-Haul, McDonald s, Trendz Beauty Supply, Best Tires Mufflers & Brakes Building: 7,565± SF Lot: 21,900± SF Taxes (2016): $15,699 Nearby Retailers Include: McDonalds, CVS, Pizza Hut, Subway & Chipolte Mexican Grill Building: 7,100± SF Lot: 30,490± SF Taxes (2017): $1,656 Nearby Retailers Include: Sunoco, F & H Drug Store, First Southern National Bank, Rite Aid, Reed s Grocery & Bait N Willow Street Providence, KY th Street Calumet, MI Baldwin Avenue Pontiac, MI W Prairie Street Vicksburg, MI MID-BLOCK STRUCTURE WITH 83 FRONTAGE ON 5TH STREET VACANT COMMERCIAL LAND PARCEL Suggested Opening Bid: $40,000 Suggested Opening Bid: $140,000 Suggested Opening Bid: $245,000 Suggested Opening Bid: $280,000 Building: 6,000± SF Lot: 20,040± SF Taxes (2017): n/a Nearby Retailers Include: Thrifty Pharmacy, This-N-That Wholesale, Godfather s Pizza, Casey s General Store, U.S. Postal Service Building: 7,909± SF Lot: 7,910± SF Taxes (2017): $4,713 Nearby Retailers Include: Michigan House Cafe & Brew Pub, Cafe Rosetta, Auto Value, U.S. Postal Service, The Calumet Theatre Lot: 29,750± SF Taxes (2017): n/a Nearby Retailers Include: Rent-A-Center, Metro PCS, Premier Insurance Agency, Save Plus Pharmacy & Summit Auto Sales Building: 8,000± SF Lot: 43,560± SF Taxes (2017): $13, surface parking spaces 139 of frontage on 4th Street 239 of frontage on Prairie Street

4 W Michigan Avenue Ypsilanti, MI Erwin Road Stonewall, MS E Raleigh Street Rocky Mount, NC S Dayton Lakeview Road New Carlisle, OH VACANT COMMERCIAL LAND PARCEL ON STONEWALL S MAIN RETAIL CORRIDOR WITH 118 STREET FRONTAGE & CURB CUTS VACANT COMMERCIAL PARCEL CLOSE TO RESIDENTIAL NEIGHBORHOODS UNDER CONTRACT Suggested Opening Bid: $205,000 Suggested Opening Bid: $160,000 Suggested Opening Bid: $135,000 Suggested Opening Bid: $260,000 Lot: 53,580± SF Taxes (2016): 7,207 Frontage on Michigan Avenue Nearby Retailers Include: Dunkin Donuts, Walmart Supercenter, Popeyes, Hello NOON Yoga Studio Building: 7,647± SF Lot: 60,500± SF Taxes (2017): $11,425 Ample parking with easy access Pylon signage Nearby retailers include: Dollar General & Piggly Wiggly Building: 7,480± SF Lot: 37,100± SF Taxes (2017): $3, surface parking spaces & pylon signage Nearby retailers include: Family Dollar, Advance Auto Parts, McDonald s, Piggly Wiggly, Pizza Hut, KFC Lot: 55,320± SF Taxes (2017): $7,623 Shared ingress/egress with McDonald s Surrounding retailers including: Rite Aid, McDonald s, Sunoco Gas Station, Security National Bank N Perry Street Ottawa, OH E Highway 33 Perkins, OK S Berkshire Street Crosbyton, TX Lewis Street Whitesville, WV WITH 158 FRONTAGE ON PERRY STREET W/ PYLON SIGNAGE CONSTRUCTED IN 2000 MID-BLOCK STRUCTURE LOCATED DOWNTOWN Suggested Opening Bid: $290,000 Suggested Opening Bid: $175,000 Suggested Opening Bid: $115,000 Suggested Opening Bid: $85,000 Building: 9,280± SF Lot: 40,425± SF Taxes (2017): $14, surface parking spaces Nearby Retailers Include: Subway, Goodwill, O Reilly Auto Parts, McDonald s, The First National Bank, Shell Building: 7,544± SF Lot: 27,400± SF Taxes (2017): $3,122 Only 12 miles south of Stillwater & Oklahoma State University Immediate trade area includes: Williams Foods, Dollar General, McDonald s, Sonic Building: 11,091± SF Lot: 12,880± SF Taxes (2017): $1,505 Nearby businesses include: U.S. Postal Service Center, Lowe s, Dairy Queen, Family Dollar, Citizens National Bank, Capital Farm Credit, Crosby County Clerk s Office Building: 6,000± SF Lot: 24,200± SF Taxes (2017): $3,435 Nearby Retailers Include: Rite Aid, Whitesville State Bank, Midtown Grocery, Arvon s Floral, Daniel Chevrolet Buick Dealership Pre-Auction Offers Are Welcomed! Hilco Real Estate is offering a 2% cooperating broker commission for all licensed agents. Call for more information. Purchase Individual Properties or in Any Combination Low Suggested Opening Bids!

5 TERMS OF SALE AUCTION FORMAT: Bidding will be done online, and bidding will open on October 23, To bid during the auction, you need to register online at Hilco Real Estate s auction website ( click View this Auction, then click on the Register button in the upper left-hand corner. Once the registration form is completed, you will receive an acknowledging your registration. You will then need to go the Documents tab and complete all requirements and be approved by the transaction team in order to bid. Please call our Auction Information Line at or info@hilcoreal.com for further instructions. See the Auction Procedures at the end of this document. AUCTION DATE/LOCATION: The auction will be conducted online. The online auction will open at 9:00 a.m. CDT on October 23, 2018 and will close at 3:00 p.m. CDT on October 24, You will need to be registered and approved to bid by our transaction team, which requires accepting the Terms of Sale, accepting the Purchase and Sale Agreement and depositing the required initial earnest money deposit as shown in the table on page two. CERTIFIED FUNDS, CREDIT CARD OR WIRE TRANSFERRED FUNDS ARE REQUIRED: Deposits in the amount outlined on page two, as an initial down payment, are required to bid at the auction. If you plan to bid on multiple properties, then certified funds will need to be deposited for each of the properties in which you wish to bid. A single deposit for the total combined deposit amount is acceptable. Online bidders are required to mail, overnight or wire transfer funds to Hilco, Attn: Jeff Azuse, 5 Revere Drive Suite 320, Northbrook, IL Bidders may also submit their deposit(s) via credit card on Hilco s website. Please note that all credit card charges will be subject to an additional non-refundable 3% convenience fee. Initial deposit will be accepted up to October 22, For wiring instructions, please info@hilcoreal.com or download them from the Documents section of the web page. Upon the conclusion of bidding and the Seller s acceptance of the Purchase and Sale Agreement, the funds will be deposited as earnest money as provided in the Purchase and Sale Agreement. If you are not the winning bidder, your funds will be returned to you. DOCUMENTS AVAILABLE: Due Diligence information on all the properties is available online in our property-specific auction page and includes the Purchase and Sale Agreement, detailed property information, and other applicable information. To gain access to the due diligence documents, you need to register online by going to Hilco Real Estate s auction website ( clicking on the property you are interested in and then clicking on the Register button located on the top left-hand side of the page. Once registered, you will receive an acknowledgement , login with your and password created and you will then have access to the Documents tab, which has all the due diligence information. Seller, Seller s Broker and Auctioneer shall not be liable for any inaccuracy contained in any reports furnished to buyers originating from third party experts. ATTORNEY REVIEW: All information contained in the auction-related marketing material should be carefully reviewed by an attorney prior to the auction and is subject to and may be superseded by the Purchase and Sale Agreement for signature at the auction. REQUIREMENTS OF THE SUCCESSFUL HIGH BIDDER: The Successful High Bidder will be required to (a) be available within an hour of the end of the auction to receive and execute with no modification the Purchase and Sale Agreement properly filled in with the undersigned name and contact information along with the High Bid price; (b) deliver the executed Agreement to Auctioneer via fax or immediately following the end of the auction; (c) within 24 hours deliver an original fully-executed Purchase and Sale Agreement to the designated title or escrow company; (d) allow the initial earnest money to be deposited in accordance with the terms of the Purchase and Sale Agreement; and (e) agree that they will increase their earnest money to 10% of the Total Purchase Price within three (3) business days after Seller s acceptance. BACK-UP BIDDER: The next highest bid below the Successful High Bidder is considered a Back-Up Bidder and may be invited to sign and deliver via fax or to the Auctioneer the approved Purchase and Sale Agreement in the amount of their Total Purchase Price upon the conclusion of bidding. The Back-Up Bidder s Initial Down Payment will be held until 5:00 pm CDT, three (3) business days following the Seller s acceptance of an offer, at which time it will a) be returned to the Back-Up Bidder upon escrow s receipt of the Winning Bidder s additional earnest money or b) become immediately non-refundable upon default of Winning Bidder; then the Back-Up Bidder will be notified by escrow that the Seller has accepted their Purchase and Sale Agreement. If the Back-Up Bidder s Initial Down Payment is less than 10% of its Total Purchase Price, then it MUST be increased to 10% of its Total Purchase Price by cashier s check or wired funds within three (3) business days of notification. AUCTION PROCEDURES RESERVE OFFERING: All of the properties are being offered with reserve. The final high bid is subject to Seller approval. The Seller shall have five (5) business days to review the high bid and decide whether to accept or reject it. During this review period, the offer is irrevocable by the Purchaser. The Suggested Opening Bid in our material is just where the bidding will start, it is not a reserve price and does not obligate the Seller to accepting a price at the opening bid. CLOSING DATE: The Standard Closing Date shall be on or before 30-days from Seller acceptance. INSPECTION: Each property is being offered for sale in its existing condition subject to the terms of the Purchase and Sale Agreement. The Purchaser may not rely upon any disclosures, representations or warranties other than those provided in the Agreement. We recommend you thoroughly inspect the property prior to the auction. Those inspecting the property assume all risk associated with any inspection. One on-site inspection date will be provided for each of the properties. This date and time listed below will be your only opportunity to inspect a property: On-Site Inspection Date Thursday, October 18 from 11:00 a.m. to 1:00 p.m. (in accordance w/ state time zones) CONDUCT OF THE AUCTION: Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. In the event of a dispute between bidders, the Auctioneer shall make the final decision to accept the final bid, to re-offer and re-sell the property, or to remove the property from the auction. If any disputes should arise following the auction, the Auctioneer s records shall be conclusive in all respects. SELLER S AGENT: Hilco Real Estate, LLC, its cooperating brokers, and all licensees employed by or associated with Hilco Real Estate, LLC who are involved with this auction, represent the Seller in this real estate transaction. BROKER PARTICIPATION: A real estate broker licensed in the property s state whose client agrees to broker s representation, whose client attends the on-site inspection with the broker the first time its client attends an on-site inspection and who complies with these Terms of Sale shall be entitled to a referral fee of 2% of the High Bid Price at auction upon the successful closing by its client. Broker fees are subject to change per property. Broker registration of its client will occur at said first client s on-site inspection or upon Auctioneer s receipt of a Broker s Buyer Representation letter signed by the client and a copy of the registration will be given to the broker. No broker registration of a clientprospect will be granted if the client was previously contacted by Auctioneer or if prospect previously contacted Auctioneer during the conduct of the auction marketing campaign. No broker registration will be granted to a broker that is participating in the sale either directly or as an equity partner. The Seller and Auctioneer and their agents assume no liability for inaccuracies, errors or omissions in the auction marketing materials, including the Virtual Deal Room. ALL SQUARE FOOTAGE, ACREAGE, DIMENSIONS, COMMON AREA CHARGES (IF, ANY), AND TAXES IN THIS AND OTHER MARKETING MATERIALS ARE APPROXIMATE. This offering may be withdrawn, modified or canceled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law. SOLD AS-IS WHERE-IS. Seller will not provide survey or pay for title insurance. Buyer is responsible for paying for all inspections and all lender requirements. Buyer will pay all transfer taxes and document stamps. All other closing costs will be paid by the party that typically pays the costs based on the county or city where the property is located. If there is no clearly established custom or practice regarding such other closing costs, the costs will be split equally between Seller and Buyer. TAXES 100%. See Bid Approval Process on the following page. For additional Terms of Sale, see the Purchase and Sale Agreement available in the Virtual Deal Room. Hilco Real Estate, LLC in cooperation with Ron Young, AL Broker, Lic. # ; Tracy Glass, Insight Land & Investments, AZ Broker, Lic. #BR ; Paul A. Lynn, FL Broker, Lic. #SL ; Richard Goldthwait, GA Broker, Lic. #380603; Jeff Azuse, IL Broker Lic. # ; Mike Skees, KY Broker, Lic. #177649; Aaron Eichenberg, Northstar Commercial, MI Broker, Lic. # ; Paul A. Lynn, MS Broker, Lic. # ; John Haldane, NC Broker Lic. # & NC Auctioneer Lic. #8979; The Haldane Group Inc, NC Firm Lic. #C20541; Richard Herman, Capitol Real Estate Advisors Inc, OH Broker, Lic. #BRKP ; Tony Wisely, OK Broker, Lic. #146985; Paul A. Lynn, CCIM, TX Broker, Lic. # ; Stanley C. Thomas, Realcorp, LLC, WV Broker, WV Broker, Lic. #WV Hilco Global, LLC. For more information, please visit our website at HilcoRealEstate.com/FamilyDollar or contact: 2017 Hilco Global, LLC