DOLLAR GENERAL 834 AYCOCK STREET CARYVILLE, FL 32427 (NORTHWEST FLORIDA INTERSTATE-10 LOCATION) SVN SouthLand Commercial 2065 Thomasville Road, First Floor, Tallahassee, FL 32308 FOR SALE
PROPERTY SUMMARY PROPERTY SUMMARY SALE PRICE $1,399,000 CAP RATE 6.25% PROPERTY HIGHLIGHTS Florida Location with No State Income Tax Brand New NNN Investment (No Landlord Obligations) NET OPERATING INCOME $87,432 Approximately 50 miles to Northwest Florida Beaches BUILDING SIZE 9,100 SF 1 mile average HH income exceeds $40,000 15 year lease with 4 (five) year options with 10% increases NEW NNN DOLLAR GENERAL 2017 NEAR PCB, DESTIN, & ROSEMARY BEACHES 834 AYCOCK STREET, CARYVILLE, FL 32427 SVN SouthLand Commercial Page 2
Rent Roll DOLLAR GENERAL ANNUAL AL RENT Years 1-15 $86,732 Option 1 (Years 16-20) $96,175 Option 2 (Years 21-25) $105,792 Option 3 (Years 26-30) Option 4 (Years 31-35) $116,372 $128,009 NEW NNN DOLLAR GENERAL 2017 NEAR PCB, DESTIN, & ROSEMARY BEACHES 834 AYCOCK STREET, CARYVILLE, FL 32427 SVN SouthLand Commercial Page 3
DOLLAR GENERAL CORPORATION COPORATE OVERVIEWVIEW Dollar General Corporation has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money. Every day! by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations. Dollar General operated 13,429 stores in 44 states as of March 3, 2017. In addition to high quality private brands, Dollar General sells products from America's most-trusted brands such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg's, General Mills, and PepsiCo. TENANT SUMMARY TENANT NAME Dollar General Dollar General stands for convenience, quality brands and low prices. Dollar General's successful prototype makes shopping a truly hassle-free experience. We design small neighborhood stores with carefully edited merchandise assortments to make shopping simpler. We don't carry every brand and size, just the most popular ones. STOCK SYMBOL DG (NYSE) FIRST STORE OPENED 1955 FIRST PUBLICLY TRADED 1968 WEBSITE WWW.DOLLARGENERAL.COM YEAR BUILT: 2017 HIGHLIGHTS Dollar General operated 13,429 stores in 44 states as of March 3, 2017. 32nd Consecutive Quarter Over Comparable Prior Year Quarter of Traffic and Basket Growth $22.0 Billion in Sales 2016 Fiscal Year - Net Sales Increased 7.9% $70 Million in Planned Investments for 2017 The majority of Dollar General's products are priced below $10, with approximately 25 percent of the products priced at $1 or less. Ranked #139 on the Fortune 500 list as of June 2016 NEW NNN DOLLAR GENERAL 2017 NEAR PCB, DESTIN, & ROSEMARY BEACHES 834 AYCOCK STREET, CARYVILLE, FL 32427 SVN SouthLand Commercial Page 4
LOCATION SUMMARY POPULATION 5 MILES 10 MILES 15 MILES TOTAL POPULATION 2,114 10,559 25,372 MEDIAN AGE 41.9 41.5 41.4 MEDIAN AGE (MALE) 45.7 43.1 41.3 MEDIAN AGE (FEMALE) 40.6 41.8 43.0 HOUSEHOLDS & INCOME 5 MILES 10 MILES 15 MILES TOTAL HOUSEHOLDS 787 3,779 8,941 # OF PERSONS PER HH 2.7 2.8 2.8 AVERAGE HH INCOME $40,732 $41,181 $42,554 AVERAGE HOUSE VALUE $123,729 $123,518 $139,389 DESCRIPTION SVN Southland is pleased to exclusively offer this brand New 2017 NNN Dollar General. This site is located at the corner of Highway 90 and Aycock Street in Caryville, FL. The site is seated approximately 1 mile north of Interstate-10. HIghway 90 is the main east/west highway that connects all the towns from Jacksonville to Pensacola. The store is now open for business. The site is only 620 feet from the River Stop Gas station. Caryville, FL is a charming river town located in close proximity to the Choctawhatchee River. Caryville is a short 46 miles to Northwest Florida Beaches International Airport. Caryville provides rural housing for the workforce serving vacation destinations such as, Rosemary Beach and Panama City Beach. It is also 61 miles to Eglin Air Force Base. This location has better than ideal demographics for a Dollar General location with the 1 mile average household income exceeding $40,000. NEW NNN DOLLAR GENERAL 2017 NEAR PCB, DESTIN, & ROSEMARY BEACHES 834 AYCOCK STREET, CARYVILLE, FL 32427 SVN SouthLand Commercial Page 5
Regional Map 834 Aycock Street NEW NNN DOLLAR GENERAL 2017 NEAR PCB, DESTIN, & ROSEMARY BEACHES 834 AYCOCK STREET, CARYVILLE, FL 32427 SVN SouthLand Commercial Page 6
DEMOGRAPHICS MAP 5 Miles 10 Miles 15 Miles Total Population 2,114 10,559 25,372 Population Density 27 34 36 Median Age 41.9 41.5 41.4 Median Age (Male) 45.7 43.1 41.3 Median Age (Female) 40.6 41.8 43.0 Total Households 787 3,779 8,941 # of Persons Per HH 2.7 2.8 2.8 Average HH Income $40,732 $41,181 $42,554 Average House Value $123,729 $123,518 $139,389 * Demographic data derived from 2010 US Census NEW NNN DOLLAR GENERAL 2017 NEAR PCB, DESTIN, & ROSEMARY BEACHES 834 AYCOCK STREET, CARYVILLE, FL 32427 SVN SouthLand Commercial Page 7
ADVISOR INFORMATION James Parsons Associate Advisor SVN SouthLand Commercial James Parsons is a Commercial Real Estate Advisor with SVN Southland Commercial in North Florida. He specializes in the sale of retail, net leased investment properties. He is a member of the Tallahassee Board of Realtors, the Florida Association of Realtors and the National Association of Realtors. He is currently working on his CCIM designation. Prior to joining the SVN Southland Commercial, James started several successful companies and processes a true entrepreneurship attitude and demeanor. Phone: 850.877.6000 Fax: 850.671.1500 Cell: 850.294.0013 Email: jparsons@svn.com Address: He is a founding member of City Church in Tallahassee, is a passionate songwriter and enjoys playing music with his band. A native Floridian, James is a graduate of Tallahassee Community College. He and his wife, Chelsey, reside in Tallahassee along with their young daughter, Madison. 2065 Thomasville Road, First Floor Tallahassee, FL 32308 NEW NNN DOLLAR GENERAL 2017 NEAR PCB, DESTIN, & ROSEMARY BEACHES 834 AYCOCK STREET, CARYVILLE, FL 32427 SVN SouthLand Commercial Page 8
Disclaimer The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk. NEW NNN DOLLAR GENERAL 2017 NEAR PCB, DESTIN, & ROSEMARY BEACHES 834 AYCOCK STREET, CARYVILLE, FL 32427 SVN SouthLand Commercial Page 9