SINGLE TENANT Investment Opportunity Relocation Store 2019 Store Remodel 202 FRONT STREET EAST COEBURN VIRGINIA ACTUAL SITE EXCLUSIVELY MARKETED BY Broker of Record: David Wirth, SRS Real Estate Partners-Northeast, LLC | VA License No. 0225198340 JIM SCHUCHERT JOE SCHUCHERT Vice President Vice President SRS National Net Lease Group SRS National Net Lease Group 610 Newport Center Drive, Suite 1500 610 Newport Center Drive, Suite 1500 Newport Beach, CA 92660 Newport Beach, CA 92660 M: 310.971.3892 M: 310.971.3116
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[email protected] | CA License No. 01973172 2 ACTUAL SITE NATIONAL NET LEASE GROUP CONTENTS 5 9 INVESTMENT SUMMARY PROPERTY OVERVIEW Offering Summary | Investment Highlights Aerials | Site Plan | Location Map 18 20 AREA OVERVIEW FINANCIALS Demographics Rent Roll | Brand Profile 3 REPRESENTATIVE PHOTO NATIONAL NET LEASE GROUP PROPERTY PHOTO 4 ACTUAL SITE NATIONAL NET LEASE GROUP INVESTMENT SUMMARY SRS National Net Lease Group is pleased to present the opportunity to acquire the fee simple interest (land and building ownership) in a Family Dollar property located in Coeburn, Virginia. Built in 2014, the subject property was a relocation of an existing store down the street demonstrating Family Dollar’s long-term commitment to the Coeburn market. In January 2019, the subject property underwent extensive renovations at the sole cost and expense of Family Dollar; further demonstrating their commitment to this location. The lease has approximately 4.75 years remaining in the initial 10-year lease term with six (6) – five (5) year options at 10% rent increases. The NN+ lease has minimal landlord responsibilities limited to roof and parking lot – Family Dollar is solely responsible for the repair/replacement of the HVAC and is responsible for the first $2,500.00 in asphalt/concrete repairs to the parking lot in any lease year.