FOR SALE > RETAIL INVESTMENT PROPERTY 8028 Lem Turner Rd, Jacksonville, Florida 32208

Price Reduced

Investment Details Highlights For Additional Information >> REDUCED Price: $402,000 was $428,000 >> 100% leased single tenant Click below to complete our Confidentiality >> NOI: $30,000 >> Tenant has 17 year history as sole occupant Agreement. >> Rentable SF: 1,586± SF >> New five (5) year lease, with two (2) - five (5) year >> Rent: $2,500/month extension options CONFIDENTIALITY AGREEMENT >> Lease Type: NN >> Over 400 company operated stores across the >> Lease Expirations: March 2022 southeastern part of the of America >> Options: Two- 5 year options >> Rent escalation -- (2%) annual increases during base >> Rent Increases: 2% term and option years >> Offering Type: Leased Fee >> Landlord responsible for roof and exterior walls >> Guarantee: Corporate guarantee

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2017. All rights reserved.

GARY MONTOUR JEREMY MARTIN CRAIG MARKS II COLLIERS INTERNATIONAL Senior Vice President Senior Associate Client Services Coordinator Northeast Florida +1 904 861 1116 +1 904 861 1115 +1 904 861 1129 50 N Laura Street, Suite 1725 [email protected] [email protected] [email protected] Jacksonville, FL 32202 www.colliers.com/jacksonville 7069 CONFIDENTIALITY & DISCLAIMER STATEMENT

This Offering Memorandum contains select information pertaining to the business and affairs of the Property at 8028 Lem Turner Rd, Jacksonville, FL. It has been prepared by Colliers International. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Colliers International. The material is based in part upon information supplied by the Seller and in part upon financial information obtained by Colliers International from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence. By acknowledging your receipt of this Offering Memorandum from Colliers International, you agree: 1) The Offering Memorandum and its contents are confidential; 2) You will hold it and treat it in the strictest of confidence; and 3) You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller. Owner and Colliers International expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered. If you wish not to pursue negotiations leading to the acquisition of 8028 Lem Turner Rd, Jacksonville, FL or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum. A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Colliers International or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property. This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

P. 2 OFFERING MEMORANDUM | 8028 LEM TURNER RD FOR SALE > RETAIL INVESTMENT Street & Plat Map 8028 LEM TURNER RD, JACKSONVILLE, FL 32208

COLLIERS INTERNATIONAL NORTHEAST FLORIDA 50 N. Laura Street | Suite 1725 4166 Jacksonville, FL 32202 www.colliers.com/jacksonville FOR SALE > RETAIL INVESTMENT Aerial and Demographics 8028 LEM TURNER RD, JACKSONVILLE, FL 32208

Hubbard House

Palm Dale St Lem Turner Rd

Gandy Street

Demographics 1 Mile 3 Mile 5 Mile Pop. Est. 2016 8,185 67,299 149,724 2016 Est. Households 3,203 27,247 57,611 2016 Est. Avg. HH Income $45,024 $39,751 $43,415 Source: Nielsen

COLLIERS INTERNATIONAL NORTHEAST FLORIDA 50 N. Laura Street | Suite 1725 4166 Jacksonville, FL 32202 www.colliers.com/jacksonville FOR SALE > RETAIL INVESTMENT 1,586± SF Available 8028 LEM TURNER RD, JACKSONVILLE, FL 32208

Ho-Ho Restaurant

Beauty Supply Reform Auto Are US Paint & Body

Island Breeze Restaurant & Lounge

Lending Bear

Hubbard House Inc

Lem Turner Rd

Prime Stop Food Store Palm Dale St

Contact Us

GARY MONTOUR 904 358 1206 | EXT 1116 JACKSONVILLE, FL 32202 [email protected]

Please contact us to see this property JEREMY MARTIN 904 358 1206 | EXT 1115 JACKSONVILLE, FL 32202 [email protected]

COLLIERS INTERNATIONAL NORTHEAST FLORIDA 50 N. Laura Street, Suite 1725 Jacksonville, FL 32202 www.colliers.com/jacksonville

This document has been prepared by COLLIERS INTERNATIONAL | Northeast Florida for advertising and general information only. COLLIERS INTERNATIONAL makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. COLLIERS INTERNATIONAL excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. COLLIERS INTERNATIONAL is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of COLLIERS INTERNATIONAL and /or its licensor(s). © 2017. All rights reserved. 4166 ABOUT DIRECT GENERAL INSURANCE

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P. 7 OFFERING MEMORANDUM | 8028 LEM TURNER RD ABOUT JACKSONVILLE, FL

It’s easy to see why so many people are moving to the Jackson- ville area each year. Jacksonville has one of the lowest overall costs of living in Florida and the United States. Affordable, high- quality housing, ample recreational opportunities, proximity to the beach and short commute times are just some of the reasons why so many people choose to relocate to Jacksonville every year.

Jacksonville’s cost of living index is 94.3 out of a national average of 100, due in large part to relatively low housing costs. Residents enjoy low prices for grocery items, utilities, transportation, health care, and miscellaneous goods and services, all of which enhance a quality lifestyle. Jacksonville’s moderate year-round climate af- Jacksonville is situated in northeast Florida, and is located where fords residents an environment in which they can continually en- the St. Johns River meets the Atlantic Ocean. Jacksonville is the joy outdoor opportunities for exercise, recreation or relaxation, county seat for Duval County. Jacksonville spans over approxi- making them more-productive, happier and healthier employees. mately 840 square miles. The climate in Jacksonville is normally warm during summer with the temperatures hovering around 90 More than 30,000 new jobs have been created by companies ex- degrees. During winter, the average minimum temperature is panding or relocating to Jacksonville since 2000. The continual around 46 degrees. influx of new business into Jacksonville is driven by the positive economic climate the city boasts. Jacksonville’s deep-water port Owing to its prime location and outstanding connectivity to is the 14th largest in the United States and handles shipments interstate highways, the city is headquarters to myriad compa- from around the globe. nies such as: Many large employers, both manufacturing and non-manufac- CSX Winn Dixie turing, have established strong footholds in Jacksonville. Recent years have brought major announcements from companies like EverBank Financial Fidelity Fidelity Investments, Merrill Lynch, Washington Mutual, Bridges- tone Firestone, Fidelity National Financial and many others. The St Joe PSS World Medical result is an open market of thriving competition that recruits more new business to the Jacksonville community on a daily basis. Jacksonville is a vibrant home to a broad spectrum of industries. It has a pro-business environment with an unbeatable location. A burgeoning international trade center with an abundant, cultur- ally diverse workforce. It’s the hub of the seven Northeast Florida counties of Baker, Clay, Duval, Flagler, Nassau, Putnam and St. Johns. A place that offers expanding or relocating companies un- limited potential that rivals the nation’s top business communities. It’s Jacksonville. And it’s where the future leads.

Northeast Florida is one of the fastest-growing regions in the United States, which makes it the perfect place for businesses that want to steadily advance. This exciting progress is made possible by communities and government leaders who are dedi- cated to economic development. And Jacksonville has the highly skilled workforce your business needs to succeed.

Jacksonville’s vision for the future is clear — to be a place where businesses will thrive while preserving the area’s natural re- sources and pristine surroundings. Forward-thinking companies see a great future here. A perfect combination of low cost of living and high quality of life. The ideal blend of business and pleasure.

P. 8 OFFERING MEMORANDUM | 8028 LEM TURNER RD ABOUT JACKSONVILLE, FL

ers within a day’s drive. CSX, headquartered in Jacksonville, is a leading supplier of rail-based freight transportation in North America. The CSX Transaportation Network encompasses about 21,000 route miles of track in 23 states and two provinces in Canada. Jacksonville International Airport (JAX) offers 95 non-stop daily flights to 27 destinations with an average price that is 15 percent lower than East Coast hub airports. After investing more than $300 million to construct and expand the terminal and its three concourses, JAX is now one of the most modern airports in the world.

MILITARY The Navy employs more than 37,000 people in the Jacksonville QUALITY OF LIFE MSA. The Navy has two bases in Jacksonville, the Naval Air There are a number of reasons why our region is such an attrac- Station Jacksonville and Naval Station Mayport. NS Mayport’s tive place to live. These include having a wonderful climate, high- operational composition is unique, with a busy harbor capable profile sports and recreation, rich arts and entertainment, afford- of accommodating 34 ships and an 8,000-foot runway capable able housing and various retail shopping destinations. Whether of handling any aircraft in the Department of Defense inventory. you have the desire to shop, an ear for music or an attitude for With more than 3,400 acres, NS Mayport is host to more than 70 action, Jacksonville is an oasis for residents. Home to the South- tenant commands including 22 naval ships and Helicopter Anti- east’s largest modern and contemporary art museum, endless Submarine Squadron. NAS Jacksonville, a multi-mission base miles of beautiful beaches and sparkling, translucent waters, cul- hosting more than 100 tenant commands, is the third largest na- tural pursuits from cool jazz to hot clubs and a remarkable con- val installation in the United States. centration of high-end and ethnically diverse restaurants, Jack- sonville offers visitors the true spirit of Northeast Florida with OUTDOOR RECREATION marvelous meals, flamboyant exhibits, peaceful landscapes and Northeast Florida is known for its gorgeous gardens. Jacksonville is also home to one of Florida’s outdoor recreation opportunities, three NFL teams, the Jacksonville Jaguars. featuring 90 miles of beaches along the Atlantic Ocean and the majestic HEALTH CARE St. Johns River for boating, fishing The region is home to several distinguished area hospitals and and kayaking. National Geographic medical research facilities. Mayo Clinic is a nonprofit worldwide Adventure magazine ranked Jack- leader in medical care, research and education for people from sonville as one of the “Top Six Beach all walks of life and has 370 doctors and scientists locally. Bap- Towns” in the United States. Jack- tist Hospital has four locations all around the Jacksonville MSA. sonville also boasts more than 131 Baptist’s Downtown Jacksonville location also is connected to square miles of city, state and na- Wolfson Children’s Hospital, specializing in high-quality care to tional parks — making it the largest children. Shands HealthCare, affiliated with the University of urban park system in the nation. Florida Health Science Center, is one of the Southeast’s premier health systems. Shands includes two major teaching hospitals, two specialty hospitals, a network of outpatient rehabilitation EDUCATION Jacksonville has numerous institutions catering to higher centers, and two home health agencies. Memorial Hospital is a 425-bed acute care hospital offering a breadth of services. Re- education including: cent additions to the main campus include the state-of-the-art • Jacksonville University patient tower and the first accredited Chest Pain Center in North- east Florida. St. Vincent’s Healthcare is a faith-based, not-for- • University of profit health system that has served the people of Jacksonville • Florida State College at Jacksonville and the surrounding communities since 1916. • Edward Waters College • The Art Institute of Jacksonville TRANSPORTATION Northeast Florida boasts a world-class intermodal system, com- • Florida Coastal School of Law prised of four airports, three marine terminals and vast network • Trinity Baptist College of railways and interstate roadways that put 45 million custom- • Jones College

P. 9 OFFERING MEMORANDUM | 8028 LEM TURNER RD ABOUT COLLIERS INTERNATIONAL

Colliers International is a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence, and a shared sense of initiative, we have integrated the resources of real estate specialists worldwide to accelerate the success of our clients. Colliers International delivers real estate services globally through 15,000 specialized professionals in over 72,000 lease/sale transactions. Colliers provides advice for clients on approximately $105 billion in transactions annually and manages in two billion square feet with revenue reaching $2.6billion. Colliers professionals bring an intimate knowledge of local, regional and global office markets to every real estate assignment. Our brokers are experts at identifying creative ways to match commercial property environments with our client’s business needs. This depth of knowledge is built on years of cultivated relationships with tenants, landlords, investors, government agencies and lending institutions. Whether you want to sell, relocate, renew, build, expand, or buy, Colliers real estate specialists have the market knowledge and industry relationships that can help you capitalize on market conditions and maximize value. By combining our core values with our market and negotiation expertise, we have established a proven formula for success that is evident in the volume of transactions we have completed.

Colliers International Northeast Florida

50 North Laura Street Suite 1725 Jacksonville, Florida 32202 PREPARED BY:

OFC +1 904 358 1206 Gary Montour Jeremy Martin FAX +1 904 353 4949 Senior Vice President Retail Associate DIR +1 904 861 1116 DIR +1 904 861 1115 www.colliers.com/jacksonville [email protected] [email protected]