bakers square and woody’s plaza 100% occupied retail

COLLIERS INTERNATIONAL | www.colliers.comErnie Saltmarsh, IV | Robert W. Selton, III 5919

Northeast Florida

RETAIL INVESTMENT OPPORTUNITY

Bakers Square and Woody’s PlazaSHADOW ANCHORED BY WINN-DIXIE

1452 - 1484 6th Street South | Macclenny, Florida 32063

Robert W. Selton, III CEO | Northeast Florida+1 904 861 1111 [email protected]

ExclusiveOFFERINGErnie Saltmarsh, IVSenior AssociateInvestment Services+1 904 710 [email protected]

100% OCCUPIED RETAIL PORTFOLIO IN

MACCLENNY, FL

OFFERING HIGHLIGHTS

> Three retail buildings with a combined 24,130± of leasable square feet, located on two parcels in the heart of Macclenny

> Includes a freestanding Woody’s BBQ (with drive thru) and drive-thru VyStar ATM; the balance of space is multitenant retail

> Adjacent to the area’s only Winn Dixie grocery store (recently updated)- the primary grocer in the city of Macclenny

> Within the densest retail trade area of the city- surrounded by national retailers and less than ½ a mile from I-10

> Great mix of long-term tenants (18-20 plus years) and newer leases

> Only one tenant is non-internet resilient- balance of tenants are restaurant (59%), fitness (22%) or service related (15%) users

> Price: $2,200,000 | $91/SFAn 8.66% CAP on the NOI

FOR THE FULL OFFERING MEMORANDUM*,CONTACT AGENTS DIRECTLY.

*Confidentiality agreement required before disclosure.

COLLIERS INTERNATIONAL | NORTHEAST FLORIDA P. 25919

Northeast FloridaExecutive Summary & HighlightsColliers International Northeast Florida, as exclusive sales broker to the owner, is pleased to offer to qualified investors the opportunity to purchase Bakers Square and Woody’s Plaza, an offering comprised of three retail buildings totaling around 24,130 square feet of space in the heart of Macclenny, Florida. All three buildings are 100% occupied, and shadow anchored by the regions only Winn Dixie grocery store. The offering includes nearly 20,000 SF of multitenant retail space, as well as a free standing, net-leased Woody’s BBQ restaurant and free standing drive-thru VyStar ATM. The property is located within the core retail trade area of Macclenny (Baker County), with frontage on the primary commercial corridor and most heavily traveled road in the city, just over a quarter-mile from the intersection of the main highway (I-10) and 6th Street.

Physical Asset

> Three (3) buildings with a total, combined 24,130 of leasable square feet, located on two (2) parcels- see aerial on page 4 o Woody’s: Freestanding, 5,000 SF restaurant built in 2008 o Woody’s Plaza: 3-tenant center, built in 2008, located on the same parcel as the freestanding Woody’s BBQ o Bakers Square: 16,130 SF of multitenant retail space, built in 1974, directly adjacent to a Winn Dixie grocery store

> Total land area of 3.35 Acres (Woody’s/Woody’s Plaza on 0.37 Acres; Bakers Square on 2.98 Acres)

> Ample parking with cross-parking easement with surrounding users

> Multiple points of ingress/egress and high visibility from S. 6th Street

> Recently repainted (Q4, 2017)

Financial > Great tenant mix with several internet-resilient users (59% of the RBA for restaurant use, 22% for fitness, 15% service related and only 3% “traditional retail”)

> Household name tenants include Woody’s, Firehouse Subs, Dominos & Jackson Hewitt

> Other tenants include successful local hair/nail salons, fitness and gymnastics gyms and most recently a highly popular new brewery/pub called “Crooked Rooster Brewery”

> Current NOI of $190,528

Location > Adjacent to the area’s sole Winn Dixie grocery store- the primary grocer in the city of Macclenny and drawing from a very large trade area

> Located in the densest retail trade area of the city- national retailers in the immediate vicinity include Tractor Supply Co., Hibbet Sports, Zaxbys, Dollar General, McDonalds, Wendy’s, Advance Auto Parts, KFC, Verizon and KFC

> South 6th Street frontage (14,000 cars per day), only a quarter-mile from I-10 (27,500 cars per day)

> Population of 15,793 persons with an average household income of $67,311 within 5-miles, however the center draws from a much larger trade area

Pricing > $2,200,000 > Price Per SF: $91 > 8.66% CAP on NOI


Northeast FloridaProperty Overview

*NOTE: See aerial on following page; Gibson McDonald suite in Bakers Sqare is owner occupied and not included in this offering/sale, nor is the free-standing KFC outparcel; They both contribute toward shared/common expenses.

WOODY’S & WOODY’S PLAZA

Address 1482 - 1484 S. 6th Street, Macclenny, FL 32063

Tax Parcel ID 05-3S-22-0000-0000-0054

Land Size 0.37± Acres | 16,117± SF

Building Size 8,000+/- SF Total/Combined (Woody’s: 5,000+/- SF & Woody’s Plaza: 3,000+/- SF)

Year Built 2008 (both structures)

Occupancy | No. Units 100% Occupied | 4 units

Parking Spaces 80± spaces

BAKERS SQUARE

Address 1452 S. 6th Street, Macclenny, FL 32063

Tax Parcel ID 05-3S-22-0000-0000-0050

Land Size 2.98± Acres | 129,809± SF

Building Size 16,130+/- SF

Year Built 1974 (renovated & upgraded several times since)

Occupancy | No. Units 100% Occupied | 7 units + ATM Outparcel

Parking Spaces 191± spaces (shared with ajacent property owners)


Northeast FloridaClose-Up Aerial

PARCEL 1

PARCEL 2

BAKERS SQUARE

WOODY’S PLAZA

OWNER/OCCUPIED BY GIBSON MCDONALD

FURNITURE -NOT INCLUDED

ATM

6th Street South

FREESTANDING

NOTINCLUDED


Northeast Florida

George Hodges Road

Willis H

odges Road

Barber R

oad

6th Street South14,000± CPD

39,000± CPD

NotPart of

Collateral

Trade Aerial

ATM


Northeast Florida

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PROFESSIONALS AND STAFF

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EXCLUSIVE OFFERING BY:

COLLIERS INTERNATIONAL50 N Laura Street, Suite 1725Jacksonville, FL 32202+1 904 358 1206www.colliers.com/jacksonville

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Northeast Florida

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About Colliers International

Robert W. Selton, III CEO | Northeast Florida+1 904 861 1111 [email protected]

Ernie Saltmarsh, IVSenior AssociateInvestment Services+1 904 710 [email protected]

bakers square and woody’s plaza 100% occupied retail

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