New Family Dollar 10-Year NN Property for Sale 1404 Brookland Park Blvd. | Richmond, VA Table of Contents

FOR FURTHER INFORMATION 1404 Brookland Park Blvd. Joe Boyd Richmond, VA office 843.973.8283 mobile 843.906.7751 Locator Map...... 3 web [email protected] Locator Map...... 4

Aerial...... 5

125-G Wappoo Creek Drive Site Aerial...... 6 Charleston, SC 29412 Site Plan...... 7 phone (843) 722.9925 fax (843) 722.9947 Elevations...... 8 web twinriverscap.com Photos...... 9

Property Information...... 10

Area Information...... 11

Tenant & Lease Information...... 12

Financials...... 13

About Us...... 14 Locator Map

RICHMOND, VA Locator Map

SITE Aerial

Brookland Park Boulevard 5,982 (planned 76-unit apartment complex)

VPD Highland Christian Academy

Chicken Box Restaurant

4,200 VPD Hotchkiss 8,200 Community Center VPD VPD 4,900 SITE

Highland Park School

Bus Stop

VPD

1,800 Overby-Sheppard University Site Aerial

5,982

Brookland Park Boulevard VPD (planned 76-unit apartment complex) Highland Christian Academy

VPD Chicken Box 4,900 Restaurant 8,200 VPD Highland Park 4,200 School VPD SITE

VPD

1,800

Bus Stop Site Plan Elevations Photos Property Information Property and Location Highlights

RICHMOND, VA > MAJOR CAPITAL INVESTMENT BY TENANT +/- $300,000 Richmond is the capital of the Commonwealth of . It is the center of the Richmond MSA > 10 YEAR NN LEASE and the Greater Richmond Region, situated 44 miles west of Williamsburg, 66 miles east of Charlottesville, and 98 miles south of , D.C. > .69 ACRES

Richmond’s diversified employment base extends from chemical, food and tobacco manufacturing > 8,600 SF to biotechnology, semiconductors and high-tech fibers. The city consistently ranks among “Best > NEWLY RENOVATED BUILDING FOR FAMILY DOLLAR Places to Live and Work in America” in several national publications. > AREA PART OF MAJOR REVITALIZATION EFFORT Richmond’s economy is primarily driven by law, finance, and government, with federal, state, and > HIGH TRAFFIC, URBAN ENVIRONMENT local governmental agencies, as well as notable legal and banking firms, located in the downtown area. The city is home to both the United States Court of Appeals for the Fourth Circuit and the > RARE DENSE INFILL LOCATION, EXTREME BARRIERS Federal Reserve Bank of Richmond. TO ENTRY The area is home to six Fortune 500 companies: electric utility Dominion Resources; CarMax; > POTENTIAL FUTURE REDEVELOPMENT OPPORTUNITY Owens & Minor; Genworth Financial; WestRock Company; McKesson Medical-Surgical, Markel Corporation, and Altria Group. > IN THE HEART OF HIGHLAND PARK RETAIL CORRIDOR > HIGH GROWTH AREA Other Fortune 500 companies, while not headquartered in the area, do have a major presence. These include SunTrust Bank, Capital One Financial Corporation, and the medical and > SURROUNDED BY RESIDENTIAL NEIGHBORHOODS, pharmaceutical giant McKesson. Capital One and Altria company’s Philip Morris USA are two COMMUTER ROADS of the largest private Richmond-area employers. DuPont maintains a production facility in South Richmond known as the Spruance Plant. UPS Freight has its corporate headquarters in > DEMOGRAPHICS 1 Mile 3 Mile Richmond. Population 14,478 118,052 Average HHI 42,446 52,842 Area Information

Leased space averages $10 to $12 per square foot. That’s a bargain compared with Originally developed in the 1890’s as a streetcar suburb, the going rate in the Willow Lawn area at about $16 per square foot and about $13.31 per square foot in the East End, according to a the Brookland Park commercial corridor served to Cushman & Wakefield | Thalhimer retail market analysis for the Richmond area support its wealthy surrounding neighborhoods with for the fourth quarter of 2016. community amenities such as a theater, post office, Richmond Times-Dispatch banks, bakeries and other goods and services all within walking distance.

The area is currently experiencing renewed public and “...THISOMMUNITY C HAS NEEDS. WE NEED GROCERY private investment. With new residents moving into STORES. WE NEED CLOTHING STORES. the neighborhoods in the North Side, both income and WEEED N EVERYTHING.” property levels are rising at a pace faster than citywide Willie Hilliard, president of the Brookland Park Area Association averages.

Brookland Park Boulevard is located within minutes of downtown, with two bus lines passing through its center, About two years ago, the Brookland Park commercial corridor was given a as well as interstates 95 and 64 accessible from either $113,605 face-lift through the City of Richmond’s Commercial Area Revitalization direction. Effort Program. Thirty-eight properties received exterior facade paint or awnings. Richmond Times-Dispatch Community High School, one of Richmond’s top high schools, has relocated to the historic area at the east gateway into the corridor. Parents and students travel His [Sean Croft of Nest Realty] clients buying in the Brookland Park area are, from across the city to attend this highly acclaimed and for the most part, young, college-educated 25- to 35-year-olds who do not have children and who want to be in the city. They are willing to pay $200,000 to academically challenging school. $300,000 for a good renovation and want urban amenities such as coffee shops yesrichmondva.com or restaurants within walking distance. Richmond Times-Dispatch

RECENT AREA BUSINESS OPENINGS Nomad Deli (May 2015) Lamplighter Coffee Roasters (planned) Luncheonette Northside (April 2017) Dixie Bell’s Burger Bar (September 2017) Black Hand Coffee Co. (roasting & wholesale operation, café planned) Savage Apparel Co. (production & sales operations, July 2017) Boogaloos Bar & Grill (summer, 2017) Tenant & Lease Information

TENANT PROFILE LEASE INFORMATION > Initial lease term of 10 years Tenant: Family Dollar Stores of Virginia, Inc. > Six 5-year options increasing at 5% each option period

Dollar Tree, a Fortune 200 Company which acquired Family Dollar in July, 2015, now operates more than 15,000 stores across 48 states and five Canadian prov- inces. Stores operate under the brands of , Dollar Tree Canada, Deals, and Family Dollar with a Market Capitalization of $25 Bn.

Dollar Tree is the nation’s leading operator of fixed price-point stores, selling everything for $1 or less, and Family Dollar is a leading national operator of multi price-point stores offering merchandise generally ranging in price from $1-$10 including consumables, home products, apparel and accessories, electronics, and seasonal goods to primarily low and middle-income consumers in convenient neighborhood stores. The Company intends to retain and to grow both banners going forward and will optimize the combined real estate portfolio.

> Corporate Guarantee by Family Dollar, Inc. a Subsidiary of Dollar Tree > Financial Strength: Investment grade. S&P 500 credit rating of BB+ and Moody’s of Ba1 > Amazon (e-commerce) Proof: Discount stores are being described as “immune to e-commerce” due to their focus on convenience and small store formats (source: eMarketer Inc., a leading market research company) > Dollar Tree reported $5.64 billion in net sales in its most recent quarter > The combined Dollar Tree and Family Dollar company operates more than 15,000 stores nationwide, making it the largest dollar-store chain in the U.S. by store count > The combined company has sales of over $19 billion a year > Family Dollar continues as a wholly-owned subsidiary of Dollar Tree

NYSE: DLTR Financials

Rent Roll Price Summary Tenant: Family Dollar Stores of Virginia, Inc. Price $1,844,893 Guarantor: Family Dollar Stores, Inc. Cap Rate 6.5% NN Lease NOI $119,918.04 (years 1-10) 1404 Brookland Pard Blvd., Richmond, VA

BUILDING LEASE START/ RENT PER MONTHLY ANNUAL TENANT SQ FT EXPIRATION SQ FT RENT RENT OPTIONS

Six 5-year options 8,600 2018 / increasing Family Dollar $13.94 $9,993.17 $119,918.04 SF 2028 at 5% each option period About Us

YOURWIN T RIVERS CAPITAL TRC provides national retailers CONTACT with a comprehensive solution for Joe Boyd Joe is responsible for all property and asset management and is also involved in property growing their business by developing sales. With over 25 years of experience in property new locations. management, Joe has served as Property Manager for numerous lifestyle centers and super-regional malls, including properties held by Madison Marquette Realty Services, CBL TWINIVERS R CAPITAL, LLC Properties and The Jacobs Group. Joe received his Bachelor’s Degree from Grove Twin Rivers Capital, LLC is a privately held real estate investment, development City College and his MBA from Indiana and brokerage company, founded in 2002 and headquartered in Charleston, SC. University of Pennsylvania. He received his CSM Focusing on the growth regions of the Southeastern US, TRC provides national in 1995, his CMD in 1997 and his SC Realtor’s retailers with a comprehensive solution for adding new locations. TRC has License in 2008. developed more than 1.2 million SF of real estate with values of nearly $200 million. TRC also handles third party brokerage, including tenant and landlord representation and investment brokerage services in FL, GA, SC, NC, VA, OFFICE 843.973.8283 TN and AL. MOBILE 843.906.7751

Build to Suit • JV Programs • Preferred Developer for National Retailers EMAIL [email protected] Brokerage • Fee Development Programs WEB twinriverscap.com

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