8,320 sf for sale · family d 4594 sunbeam rd., jacksonville, fl office: 843.973.8283 mobile:...

CONTACT:Joe BOYD | CSM/CMDoFFICE: 843.973.8283mOBILE: 843.906.7751

[email protected] Ellis Oak Avenue, Suite 201 Charleston, SC 29412

Family Dollar 10 Year NN Investment Opportunity for Sale4594 Sunbeam Rd., Jacksonville, FL

8,320 SFFOr Sale

Family Dollar 4594 Sunbeam Rd., Jacksonville, FL

oFFICE: 843.973.8283mOBILE: 843.906.7751email: [email protected]

Joe BOYD 2

3investment summary

offering summary | investment highlights

5property overview

survey | site plan | elevations | location map | aerials

12 area overview

city overview | demographics

14 financials

tenant overview | rent roll

Table of Contents



Joe BOYD 3

OFFERING SUMMARYOFFERINGPRICE: $1,920,000

NOI: $124,800

CAP: 6.5%

GUARANTY (I.E., “CORPORATE”): CORPORATE

TENANT: FAMILY DOLLAR STORES OF FLORIDA, LLC

LEASE TYPE: NN

RENTABLE AREA: 8,320 SF

LAND AREA: 0.97 ACRES

YEAR BUILT: 2019

PARCEL #: 149047 0010

OWNERSHIP (I.E., “FEE SIMPLE”): FEE SIMPLE

PARKING SPACES: 29

ZONING: PUD



Joe BOYD 4

Investment Highlights

Corporate guaranteed lease

10-year lease

E-Commerce resistant retailer

Income taxfree state

Investment grade tenant

Excellent visibility on a major

thoroughfare

RARE DENSE INFILL LOCATION

HIGH BARRIERS TO ENTRY



Joe BOYD 5

PROPERTY OVERVIEW

20,500 VPD

29 parking spaces

Year Built: 2019

149047 0010

PUD

vpd

parcelnumber

Family Dollar 4594 Sunbeam Rd., Jacksonville, FLSite Plan

Family Dollar 4594 Sunbeam Rd., Jacksonville, FLelevations

REAR elevation

LEFT SIDE elevation

FRONT elevation

RIGHT side elevation

Family Dollar 4594 Sunbeam Rd., Jacksonville, FLLOCATION OVERVIEW

Family Dollar 4594 Sunbeam Rd., Jacksonville, FLHIGH AERIAL

sitesite

Serotina Lakes(263 units)

Leigh MeadowsApartments

The Reserve at Mandarin (520 units)

Community Hospiceof NE Florida

Planned 194 AcreApartment

DevelopmentV

Sunbeam Rd = 20,500 VPDSunbeam Rd = 20,500 VPD

Old St. Augustine Rd = 24,000 VPD

Old St. Augustine Rd = 24,000 VPD

San Jose Blvd = 50,500 VPDSan Jose Blvd = 50,500 VPD

Family Dollar 4594 Sunbeam Rd., Jacksonville, FLSITE AERIAL

sitesiteAdvantage Printing,Laminating & Signs

City & PoliceFederal Credit UnionAEM Automotive

Sunbeam Rd = 20,500 VPDSunbeam Rd = 20,500 VPD178’178’

190’190’

25’25’

155’155’

220’

220’

kevin rdkevin rd


Joe BOYD 12

Family Dollar 4594 Sunbeam Rd., Jacksonville, FLcity overview | 4594 Sunbeam Rd., Jacksonville, FL

lifestyle / industries

parksmore than 400 City Parks

football stadium TIAA Bank Field

BUSINESS

Industry Headquarters in the Jacksonville region

Up and Coming City -TIME

80+ #2

#7 Best City for Job Seekers -Forbes

#9 Best Big Cities to Live in Right Now -Money

interstatesmajor interstates

reaching 61m consumers in an 8-hour drive

10 airports offering 85+ nonstop flights to

major cities



Joe BOYD 13

160,101

$83,000

POPULATION

AVERAGE HOUSehold income

Jacksonville, FLJacksonville is the most populous city in Florida,

the most populous city in the southeastern United

States and the largest city by area in the contiguous

United States. It is the seat of Duval County, which the

city government consolidated in 1968. Consolidation

gave Jacksonville its great size and placed most of

its metropolitan population within the city limits. As

of 2018, Jacksonville’s population was estimated to

be 903,889. The Jacksonville metropolitan area has a

population of 1,523,615.

demographics2019 SUMMARY 1 Mile 3 Mile 5 Mile

PoPulation 12,733 73,106 160,101

HouseHolds 4,972 32,270 68,202

Families 2,999 18,117 40,014

average HouseHold size 2.54 2.25 2.32

owner occuPied Housing units 2,290 15,494 35,788

renter occuPied Housing units 2,682 16,776 32,414

median age 35.8 38.5 38.7

median HouseHold income $51,284 $54,287 $60,952

average HouseHold income $67,450 $73,182 $83,000

2024 SUMMARY 1 Mile 3 Mile 5 MilePoPulation 13,486 76,833 170,480

HouseHolds 5,236 33,820 72,438

Families 3,151 18,877 42,296

average HouseHold size 2.55 2.26 2.33

owner occuPied Housing units 2,509 16,526 38,403

renter occuPied Housing units 2,727 17,294 34,035

median age 36.8 39.1 39.1

median HouseHold income $58,375 $60,022 $68,201

average HouseHold income $77,472 $81,990 $92,661

parks



Joe BOYD 14

tenant overview

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 provinces. Stores operate under the brands of Dollar Tree, 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 stores, 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

182,000employees

Dollar Tree/Family Dollar 15,000 stores

Market Capitalization $25.9 Billion

19+ billion in sales



Joe BOYD 15

financials

TENANT NAME: FAMILY DOLLAR STORES OF FLORIDA, LLC

GUARANTOR: FAMILY DOLLAR STORES, INC.

LEASE TYPE: NN

SF: 8,320 SF

INITIAL LEASE TERM: 10 YEARS

LEASE START: JUNE 20, 2019

LEASE EXPIRATION: JUNE 30, 2029

LANDLORD RESPONSIBILITIES: Roof, structure, and major parking lot repair

EXTENSION OPTIONS:2.5% INCREASE 1ST OPTION PERIOD, 5% THEREAFTER.

EXT. OPTION #1 YRS:11-15 $127,890.00

EXT. OPTION #2 YRS:16-20 $134,284.08

EXT. OPTION #3 YRS:21-25 $140,998.08

EXT. OPTION #4 YRS:26-30 $148,048.08

EXT. OPTION #5 YRS:31-35 $155,451.00

EXT. OPTION #6 YRS:36-40 $163,223.04v

INITIAL TERM RENTAL AMOUNTANNUAL $124, 800

MONTHLY $10,400

PER SF $15.00

8,320 sf for sale · family d 4594 sunbeam rd., jacksonville, fl office: 843.973.8283 mobile:...

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