Jacksonville, FL OFFERING MEMORANDUM
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*representation of building Jacksonville, FL Total Investment $2,131,000 | 4.72% Year expected profitability faccininvestments.com [email protected] OFFERING MEMORANDUM EUA: +1 954 478.6530 1 Brasil: +55 11 4063.4613 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. Regional Map Family Dollar | 4105 Emerson Street, Jacksonville, FL 32207 faccininvestments.com [email protected] EUA: +1 954 478.6530 2 Brasil: +55 11 4063.4613 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. Location Map Family Dollar | 4105 Emerson Street, Jacksonville, FL 32207 Jacksonville is a part of the Jacksonville – St Marys – Palatka FL - GA Combined Statistical Area population approx. 1,573,606. faccininvestments.com [email protected] EUA: +1 954 478.6530 3 Brasil: +55 11 4063.4613 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. Property Location Family Dollar | 4105 Emerson Street, Jacksonville, FL 32207 faccininvestments.com [email protected] EUA: +1 954 478.6530 6 Brasil: +55 11 4063.4613 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. Property Location Family Dollar | 4105 Emerson Street, Jacksonville, FL 32207 faccininvestments.com [email protected] EUA: +1 954 478.6530 7 Brasil: +55 11 4063.4613 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. Investments Highlights Family Dollar | 4105 Emerson Street, Jacksonville, FL 32207 • Jacksonville, with a population of 868,031 as of Tenant Family Dollar Stores of Florida, Inc 2015, is the county seat in Duval County. Building Size (Square Feet) 9,200 • Perfect 1031 Exchange Property Primary Lease Term (Years) 15 year NNN (Store Opened April 2016) • Corporately Guaranteed Lease Renewal Options Six, 5 year renewal options Rent Escalations 10% in year 11 and each option period • 15 year absolute NNN lease– Zero Landlord RE Tax & Insurance Tenant Responsibilities Landlord Responsibilities None • New Construction Ownership Fee Simple • Relocation store located in a proven market Annual Rent $115,640 • Jacksonville – Paltca – St Martys, FL – GA CSA Cap Rate 6.0% population 1,573,606 • Excellent National Tenant – Family Dollar • Located in a busy retail node with dozens of national tenants such as Walmart, Taco Bell, 1 MILE 3 MILE 5 MILE O’Reilly, Dunkin Donuts, McDonald’s, Subway, etc. Population 10,395 70,903 183,227 • Located Right of Interstate 95 on Emerson Street Average HH Income $40,212 $60,961 $58,968 with 27,000 VPD Median HH Income $40,212 $40,620 $39,227 • Opened April 2016 faccininvestments.com [email protected] EUA: +1 954 478.6530 9 Brasil: +55 11 4063.4613 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. Site Plan Family Dollar | 4105 Emerson Street, Jacksonville, FL 32207 faccininvestments.com [email protected] EUA: +1 954 478.6530 11 Brasil: +55 11 4063.4613 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. Market Overview Family Dollar | 4105 Emerson Street, Jacksonville, FL 32207 Jacksonville is a seaport city and the seat of Duval County, Florida, United States. With an estimated 868,031 residents as of 2015, Jacksonville is the most populous city in both the state of Florida and the southeastern United States. It is estimated to be the 12th most populous city in the United States and is the largest city by area in the contiguous United States. The Jacksonville metropolitan area has a population of 1,573,606 and is the 40th largest in the United States and fourth largest in the state of Florida Jacksonville is the cultural, commercial and financial center of North Florida. A major military and civilian deep- water port, the city's riverine location supports two United States Navy bases and the Port of Jacksonville, Florida's third largest seaport. The two US Navy bases, Blount Island Command and the nearby Naval Submarine Base Kings Bay, form the third largest military presence in the United States. Jacksonville serves as headquarters for various banking, insurance, healthcare, logistics, and other institutions. These include CSX Corporation, Fidelity National Financial, FIS, Landstar System, Ameris Bancorp, Atlantic Coast Financial, Black Knight Financial Services, EverBank, Rayonier Advanced Materials, Regency Centers, Stein Mart, Web.com, Fanatics, Gate Petroleum, Haskell Company, Interline Brands, Sally Corporation, and Southeastern Grocers. Jacksonville is also home to several colleges and universities, including University of North Florida, Jacksonville University and Florida State College at Jacksonville. Source www.upstatealliance.com faccininvestments.com [email protected] EUA: +1 954 478.6530 12 Brasil: +55 11 4063.4613 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. Top Employers in Jacksonville Family Dollar | 4105 Emerson Street, Jacksonville, FL 32207 Company Name Number of Employees Naval Air Station Jacksonville 25,240 Duval County Public Schools 14,480 Naval Station Mayport 9,000 City of Jacksonville 8,820 Baptist Health 8,270 Bank of America Merrrill Lynch 8,000 Florida Blue 6,500 Mayo Clinic 4,970 Citi 4,200 JP Morgan Chase 4,200 faccininvestments.com [email protected] EUA: +1 954 478.6530 13 Brasil: +55 11 4063.4613 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. Demographics and Traffic Count 1 mile Family Dollar | 4105 Emerson Street, Jacksonville, FL 32207 faccininvestments.com [email protected] EUA: +1 954 478.6530 14 Brasil: +55 11 4063.4613 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. Demographics and Traffic Count 3 mile Family Dollar | 4105 Emerson Street, Jacksonville, FL 32207 faccininvestments.com [email protected] EUA: +1 954 478.6530 15 Brasil: +55 11 4063.4613 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. Demographics and Traffic Count Family Dollar | 4105 Emerson Street, Jacksonville, FL 32207 faccininvestments.com [email protected] EUA: +1 954 478.6530 17 Brasil: +55 11 4063.4613 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. Demographics and Traffic Count Family Dollar | 4105 Emerson Street, Jacksonville, FL 32207 faccininvestments.com [email protected] EUA: +1 954 478.6530 19 Brasil: +55 11 4063.4613 No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice. Tenant Profile Family Dollar | 4105 Emerson Street, Jacksonville, FL 32207 Hoover’s Company Description: Penny-pinching single moms are drawn to Family Dollar. Family Dollar is one component of the nation's #1 dollar store since it’s acquisition by Dollar Tree. The combined company will have sales of over $19 billion a year and will operate over 13,000 stores, making it the largest dollar store chain in the US by store count. Yahoo Finance: Dollar Tree, Inc. operates discount retail stores in the United States and Canada. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise, including toys, durable housewares, gifts, stationery products, party goods, greeting cards; and seasonal goods consisting of Valentine's Day, Easter, Halloween, and Christmas merchandise. This segment operates under the Dollar Tree, Dollar Tree Canada, Deals, and Dollar Tree Deals brands, as well as 10 distribution centers in the United States and 2 in Canada, and a store support center in Chesapeake, Virginia. The Family Dollar segment offers consumable merchandise, including food, tobacco, health and beauty aids, household chemicals, paper products, hardware and automotive supplies, diapers, batteries, and pet food and supplies; home products, such as housewares, home décor, and giftware, as well as blankets, sheets, and towels; apparel and accessories merchandise, including clothing, fashion accessories, and shoes; and seasonal