264 S US HWY 17, EAST PAL ATKA , FL 32131PROPERTY FOR SALE/LEASE

877.518.5263 | SRDcommercial.com | 114 N. Tennessee Ave. Lakeland, FL 33801

3 E XECUTIVE SUMMARY

4 RENT ROLL

8 DEMOGRAPHICS

11 AERIAL VIEWS

15 BLDG INFO AND PHOTOS

T A B L E O F C O N T E N T S

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Gary M. Ralston CCIM, SIOR, SRS, CPM, CRE, CLS, CDP, CRX, FRICS

Managing Partner & Broker Gary@SRDcommercial.com | 863.877.2828

David Hungerford Sales Associate & Director of Research

DHungerford@SRDcommercial.com 863.272.7156

CONFIDENTIALITY & DISCLAIMER ©2019 SVN | Saunders Ralston Dantzler Real Estate, All rights Reserved, makes every attempt to provide accurate information on this property, however, does not guarantee the accuracy. Buyer should rely entirely on their own research, inspection of property, and records.

264 S US HWY 17

EAST PAL ATKA , FL 32131E X E C U T I V E S U M M A R Y

Site Address: 264 S US Hwy 17, East Palatka, FL 32131

County: Putnam

PIN (Property Identification Number): 39-10-27-6900-0120-0011

Land Size: 1.49 +/- Acres

Building Size: 9,012 +/- SF

Year Built: 2005

Property Use: Store (One Story)

Utilities: Water and Sewer

Zoning:C-2: Commercial, General, Light(Putnam County)

Taxes: $17,830 (2018)

Traffic Count: 18,427 cars/day on US Hwy 17

Asking Price: $1,050,000

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This 9,012 +/- SF NNN lease Dollar General is situated on 1.49 +/- acres in East Palatka, FL near the St. Johns River. The US 17 corridor has other major retailers including Advance Auto Parts, Ace Hardware, and CVS.

Dollar General Corp. is one of the largest and most creditworthy retailers in America.

• $25.6 billion annual sales

• 15,370 stores as of 2/19

• Strong Credit ... BBB @ S&P, Baa2 @ Moody’s

R E N T - R O L L

Lease was extended to 2025 followed by two 5 year options.

Tenant pays insurance and reimburses Landlord for real estate

taxes.

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Monthly Total Annual Base Rent Rent/SF From To

$5,775 69,300 $7.69 6/1/05 5/31/10

$6,355 76,260 $8.46 6/1/10 5/31/15

$6,355 76,260 $8.46 6/1/15 5/31/25 Extension

$7,000 84,000 $9.32 6/1/25 5/31/30 Option

$7,650 91,800 $10.19 6/1/30 5/31/35 Option

D O L L A R G E N E R A L C O R P.

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Dollar General Corp. (NYSE:DG)

• $25.6 billion annual sales

• 15,370 stores as of 2/19

• BBB credit rating @ S&P

• Baa2 credit rating @ Moody’s

R E G I O N A L L O C AT I O N M A PThe subject property is located in the Jacksonville MSA, near the eastern coast of Florida.

JACKSONVILLE

GAINESVILLE

ST. AUGUSTINE

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PAL ATKA

PALM COAST

SUBJECT

T A B L E O F C O N T E N T S

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UPDATE THEN DELE TE

PL ACE MAP INTO FR AME

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The US Hwy 17 commercial corridor runs along the St. Johns River.

L O C AT I O N M A P

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PAL ATKA

PALM COAST

SUBJECT

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1, 3, 5 mile radius

5, 10 minute drive time

D E M O G R A P H I C S M A P

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B E N C H M A R K D E M O G R A P H I C S

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1 Mile 3 Miles 5 Miles 5 Mins 10 Mins Putnam FL US

Population 1,817 5,366 21,650 2,185 14,450 78,829 21,239,528 332,417,793 Households 541 1,864 8,104 862 5,444 30,900 8,299,404 125,168,557 Families 351 1,221 5,378 566 3,610 20,557 5,366,533 82,295,074 Average Household Size 3.07 2.69 2.59 2.45 2.56 2.51 2.51 2.59 Owner Occupied Housing Units

379 1,239 5,050 614 3,570 21,629 5,375,035 79,459,278

Renter Occupied Housing Units

162 625 3,053 248 1,874 9,271 2,924,369 45,709,279

Median Age 44.6 44.4 42.2 46.7 44.3 45.2 42.5 38.5

IncomeMedian Household Income 30,599 32,261 31,357 32,657 31,582 34,110 54,238 60,548 Average Household Income 46,228 51,301 48,452 49,007 48,539 48,943 78,335 87,398 Per Capita Income 20,481 20,321 18,696 19,783 18,911 19,268 30,703 33,028

Trends: 2019 - 2024 Annual Growth RatePopulation 0.21% 0.26% 0.21% 0.24% 0.29% 0.50% 1.37% 0.77%Households 0.04% 0.15% 0.14% 0.16% 0.24% 0.44% 1.31% 0.75%Families -0.11% 0.07% 0.08% 0.11% 0.17% 0.38% 1.26% 0.68%Owner HHs 0.26% 0.43% 0.37% 0.42% 0.49% 0.71% 1.60% 0.92%Median Household Income 2.17% 1.79% 1.85% 1.82% 1.81% 1.24% 2.37% 2.70%

B E N C H M A R K D E M O G R A P H I C S

Good population density... over 21,000 people within 5 miles and over 14,000 people within 10 minutes.

B E N C H M A R K D E M O G R A P H I C S

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1 Mile 3 Miles 5 Miles 5 Mins 10 Mins Putnam FL US

Households by Income<$15,000 17.70% 19.20% 21.40% 16.20% 19.40% 19.90% 11.10% 10.70%

$15,000 - $24,999 21.30% 18.80% 18.00% 19.80% 20.00% 15.60% 10.10% 9.00%

$25,000 - $34,999 17.20% 15.30% 15.00% 16.90% 14.60% 15.60% 10.10% 8.90%

$35,000 - $49,999 21.30% 16.50% 14.70% 20.90% 16.70% 17.30% 14.40% 12.40%

$50,000 - $74,999 8.10% 11.40% 13.00% 8.90% 11.60% 13.70% 18.50% 17.50%

$75,000 - $99,999 4.60% 5.20% 5.20% 5.00% 5.40% 5.80% 12.30% 12.60%

$100,000 - $149,999 7.00% 7.70% 8.50% 8.50% 8.20% 8.00% 12.80% 15.10%

$150,000 - $199,999 0.40% 4.00% 2.60% 1.50% 2.30% 3.10% 5.00% 6.50%

$200,000+ 2.40% 2.00% 1.50% 2.10% 1.70% 1.00% 5.70% 7.30%

Population by Age0 - 4 4.80% 5.40% 6.40% 5.00% 6.00% 5.70% 5.20% 6.00%

5 - 9 4.80% 5.40% 6.20% 5.00% 5.80% 5.80% 5.40% 6.10%

10 - 14 4.70% 5.20% 6.00% 4.90% 5.70% 5.80% 5.60% 6.30%

15 - 19 4.60% 4.90% 5.70% 4.70% 5.70% 5.30% 5.60% 6.30%

20 - 24 6.40% 5.90% 5.80% 5.70% 5.80% 5.10% 6.10% 6.70%

25 - 34 14.20% 13.20% 12.20% 12.40% 11.50% 11.70% 13.30% 14.00%

35 - 44 10.80% 10.60% 10.40% 10.30% 10.20% 10.30% 11.70% 12.60%

45 - 54 11.50% 12.40% 11.70% 11.70% 11.80% 11.60% 12.50% 12.50%

55 - 64 14.50% 15.00% 14.50% 15.40% 15.20% 15.70% 13.70% 13.10%

65 - 74 13.80% 13.20% 12.40% 14.80% 13.60% 13.60% 11.70% 9.70%

75 - 84 7.40% 6.50% 6.30% 7.70% 6.60% 7.00% 6.50% 4.70%

85+ 2.40% 2.20% 2.30% 2.30% 2.10% 2.30% 2.80% 2.00%

Race and EthnicityWhite Alone 66.30% 62.60% 61.60% 70.60% 61.00% 76.30% 72.70% 69.60%

Black Alone 28.20% 32.80% 34.10% 24.20% 34.50% 16.00% 16.50% 12.90%

American Indian Alone 0.50% 0.40% 0.30% 0.40% 0.40% 0.60% 0.40% 1.00%

Asian Alone 0.70% 0.60% 0.40% 0.60% 0.40% 0.60% 2.90% 5.80%

Pacific Islander Alone 0.00% 0.00% 0.10% 0.00% 0.00% 0.10% 0.10% 0.20%

Some Other Race Alone 2.20% 1.90% 1.70% 2.00% 1.80% 4.30% 4.50% 7.00%

Two or More Races 2.10% 1.70% 1.80% 2.10% 1.90% 2.10% 3.10% 3.50%

Hispanic Origin (Any Race) 7.50% 6.60% 5.30% 6.50% 5.40% 10.70% 26.60% 18.60%

4.5 Miles

7 Miles

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SUBJECT

The Market Area includes retailers such as Lowe’s, The Home Depot, Big Lots, Staples, Walmart, Winn Dixie and Publix among others.

M A R K E T A R E A M A P

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16,600 cars/day

7,500 cars/day

9,900 cars/day

17,900 cars/day

13,500 cars/day

18,427 cars/day

32 ,500 cars/day

St. Johns River

4,500 cars/day

17,100 cars/day

PalatkaMall

Putnam Co.Sheriff’s Office

T R A D E A R E A M A P

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1.5 Miles

2.5 Miles

Subjecty property located along key commercial corridor

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18,427 cars/day

32 ,500 cars/day

16,600 cars/day

St. Johns River

St. Johns River

TransatlanticMotors

Putnam Co.Shrine Club

SUBJECT

St. John’sServiceCenter

Rumors Flying Inc

Palatka StateFarmer’sMarket

N E I G H B O R H O O D A E R I A L

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In close proximity to CVS, Circle K , Hardee’s, and Advance Auto Parts

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cars/day

Palatka StateFarmer’sMarket

TransatlanticMotors

Rumors Flying Inc

Putnam Co.Shrine Club

S US HWY 17

18,427 cars/day

32 ,500 cars/day

St. Johns River

SteamasterLLC

SUBJECT

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Right in/out access on US Hwy 17, but full access via Old San Mateo Road

S I T E A E R I A LS I T E A E R I A L

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Old San Mateo Road

S US HWY 17

18,427 cars/day

Right in/out

SUBJECT

B U I L D I N G I N F O R M AT I O N

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Building 1 - Commercial

Description Total:

Year Built 2005

Total SF 9,012 SF

Substructure 01 - Continuous

Floor System 01 - Slab on Grade

Height 10 ft

Sub Frame 02 - Masonry - Pilaster

Floor Finish 08 - Carpeting - 2

Heating & Air 15 - Zone Heat Pump

Site Plan

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17

Road Signage Building Entrance

Parking Lot

Commercial, Light (C-2)

T he purpose of the C-2 zoning district is to provide a commercial

zoning district for light commercial land use in the Rural Center, Urban Service, Urban Reserve and Commercial future land use classfications shown on the Putnam County Future Land Use Map.

Z O N I N G

AE C-3 IH

AG C-4 IL

C-1 CPO MI

C-2 GU P-1

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SUBJECT

SVN | Saunders Ralston Dantzler Real Estate

877.518.5263114 N. Tennesee Ave. Lakeland, FL 33801

877.518.5263 | SRDcommercial.com | 114 N. Tennessee Ave. Lakeland, FL 33801