memorandum...) dollar general plans to undertake some 2,600 real estate projects in 2020, including...

OFFERING MEMORANDUM

DOLLAR GENERALTAMPA, FLORIDA

SCHUCHERTS RETAIL GROUP

DOLLAR GENERAL | TAMPA , FL2 SCHUCHERTS RETAIL GROUP

BRIAN BROCKMAN - BANG REALTY-NAPLES, INC.BROKER OF RECORD

FL License #BK3327646


EXCLUSIVELY LISTED BY:

JIM SCHUCHERT Co-Founder & Managing Partner

[email protected] 424.363.6507M 310.971.3892CA License #01969414

JOE SCHUCHERT Co-Founder & Managing Partner



PURCHASE PRICE

$2,133,116LOCATION

1303 S. 78TH STREETTAMPA, FL 33619

CAP RATE

6.00%ANNUAL RENT

$127,986.96

BUILDING SIZE

9,026 SQ. FT.LAND AREA

3.41 ACRES

OWNERSHIP

FEE SIMPLELEASE TYPE

ABSOLUTE NNN

TERM REMAINING

9.5 YEARSLEASE EXPIRATION

08/31/2029

RENEWAL OPTIONS

4 - 5 YEARRENT INCREASES

10% AT OPTIONS

PARKING

30 SPACESYEAR BUILT

2014

APN

045300-0050TRAFFIC COUNTS

22,000 VPD

INVESTMENT SUMMARY


D O L L A R G E N E R A L C O R P O R AT E L E A S E :

) 9.50 Years of Guaranteed Lease Term ) 2014 Construction Build-to-Suit Dollar General ) Four (4) - Five (5) Year Option Periods with 10% Rental Increases ) Upgraded Construction Building

A T R U E C O U P O N C L I P P E R | A B S O L U T E N N N L E A S E :

) Absolute NNN Lease with ZERO Management Responsibilities ) Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes

) Ideal, Management-Free Investment for an Out-of-State, Passive Investor

L O C AT I O N :

) Traffic Counts of Approximately 22,000 VPD ) Excellent Synergy with Adjacent AutoZone

TA M PA , F L O R I D A :

) 3rd Most Populous City in Florida ) 3rd Fastest Growing City in Florida

P R OXI M I T Y T O :

) 7.9 Miles - University of Tampa (8,310 Students) ) 11.7 Miles - Raymond James Stadium, Home of the Tampa Bay Buccaneers ) 15.6 Miles - Tampa International Airport (21 Million Passengers Annually)

T R A D E A R E A P O P U L AT I O N G R OW T H :

) 1 Mile = 2.10% Projected Annual Growth (2019-2024) ) 3 Mile = 1.90% Projected Annual Growth (2019-2024) ) 5 Mile = 2.00% Projected Annual Growth (2019-2024)

T E N A N T :

) Dollar General (NYSE: DG) Features Investment Grade Credit “BBB” by Standard & Poor’s

) 16,094 Stores in 44 States as of November 1, 2019 ) Dollar General Plans to Undertake Some 2,600 Real Estate Projects in 2020,

Including 1,000 New Store Openings (Up From 975 in 2019), 1,500 Mature Store Remodels, and 80 Store Relocations

) Ranked #119 on the Fortune 500 List - Up 4 from Last Year (Dollar General has Moved Up the Fortune 500 Ranking for the 10th Consecutive Year

) Long Term History of Same-Store Sales Growth - 2019 Marked the Company’s 28th Consecutive Year

INVESTMENT HIGHLIGHTS


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2019 ESTIMATED POPULATION

1 Mile 10,737

3 Mile 52,049

5 Mile 173,703

2019 AVERAGE HOUSEHOLD INCOME

1 Mile $56,488

3 Mile $62,933

5 Mile $68,652

2019 ESTIMATED TOTAL EMPLOYEES

1 Mile 4,910

3 Mile 41,870

5 Mile 106,870

FORT MYERS, FLORIDA127 Miles

JACKSONVILLE, FLORIDA199 Miles

MIAMI, FLORIDA272 Miles

ORLANDO, FLORIDA84 Miles


TA M PA , F L O R I D AThe City of Tampa is the largest city in Hillsborough County, is the county seat and is the third most populous city in Florida. It is located on the west coast of Florida, approximately 200 miles northwest of Miami, 180 southwest of Jacksonville, and 20 miles northeast of St. Petersburg. The City of Tampa is the 3rd largest city in Florida with a population of 379,551 as of July 1, 2018.

The City of Tampa is a diverse city with a diverse economy comprised of a well-established and growing business community that represents retail industrial and emerging technologies. Major features of the economy include the Port of Tampa Bay, Tampa International Airport, the central business district, several professional sports teams, institutions of higher learning, museums and other cultural facilities.

The Tampa Bay Area (including Tampa, St. Petersburg and Clearwater) continues to be the home to a diverse set of industries and employers. The Tampa Bay area is home to large company headquarters such as Publix, Raymond James Financial, Jabil, TECO Energy, Sykes Enterprises and Tech Data. The City of Tampa is home to MacDill Air Force Base (AFB) employing approxi-mately 14,500 military and civilian personnel.

Tampa is served by three airports (one in Tampa, two in the metro area) that provide significant scheduled passenger air ser-vice: Tampa International Airport, St. Petersburg-Clearwater International Airport, Sarasota–Bradenton International Airport. The Port of Tampa is the largest port in Florida in throughput tonnage, making it one of the busiest commercial ports in North America. Petroleum and phosphate are the lead commodities, accounting for two-thirds of the 37 million tons of total bulk and general cargo handled by the port in 2009. The port is also home to Foreign Trade Zone #79, which assists companies in Tampa Bay and along the I-4 Corridor in importing, exporting, manufacturing, and distribution activities as part of the United States foreign trade zone program.

Tampa and its surrounding suburbs is host to over 20 hospitals, four trauma centers, and multiple Cancer treatment centers. Three of the area’s hospitals were ranked among “America’s best hospitals” by US News and World Report. Tampa is also home to many health research institutions. The major hospitals in Tampa include Tampa General Hospital, St. Joseph’s Children’s & Women’s Hospital, James A. Haley Veterans Hospital, H. Lee Moffitt Cancer Center & Research Institute, and The Pepin Heart Institute. Shriners Hospitals for Children is based in Tampa. USF’s Byrd Alzheimer’s Institute is both a prominent research facility and Alzheimer’s patient care center in Tampa. Along with human health care, there are hundreds of animal medical centers including a Humane Society of America.

AREA OVERVIEW


AREA DEMOGRAPHICS

POPULATION 1 MILE 3 MILE 5 MILE

2019 Population 10,737 52,049 173,703

2024 Projected Population 11 ,854 57,109 191 ,456

2010 Population 10,030 41,305 141,727

Annual Growth Rate: 2019 to 2024 2.10% 1.90% 2.00%

HOUSEHOLDS 1 MILE 3 MILE 5 MILE

2019 Households 3,478 19,130 68,416

2024 Households 3,744 20,527 73,555

2010 Households 3,206 14 ,323 54,024

Annual Growth Rate: 2019 to 2024 1 .50% 1.50% 1.50%

Average Household Size 3.10 2.50 2.50

INCOME 1 MILE 3 MILE 5 MILE

Average Household Income $56,488 $62,933 $68,652

Median Household Income $42,470 $54,125 $58,932

Per Capita Income $18,326 $24,049 $27,377

HOUSING 1 MILE 3 MILE 5 MILE

2019 Housing Units 3,478 19,130 68,416

2019 Owner-Occupied Units 2,463 9,067 33,473

2019 Renter Occupied Housing Units 1 ,016 10,063 34,943

PLACE OF WORK 1 MILE 3 MILE 5 MILE

2019 Businesses 316 3,241 8,909

2019 Employees 4,910 41,870 106,870


16 ,094 STORES STORESDISTRIBUTION CENTER

IN 44 STATESAS OF NOV 1 , 2019

A B O U TDollar General Corporation has been delivering value to shoppers for 80 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at everyday low prices in convenient neighborhood locations. Dollar General operated 16,094 stores in 44 states as of November 1, 2019. In addition to high-quality private brands, Dollar General sells products from America’s most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo.

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STOCKNYSE: DG

YEAR FOUNDED1939

CREDIT RATINGS&P: BBB

HEADQUARTERSGoodlettsville, TN

MARKET CAP$40 Billion

STORES16,094

FORTUNE 500#119

NO. EMPLOYEES135,000

TENANT OVERVIEW


C O N F I D E N T I A L I T Y & D I S C L A I M E R S TAT E M E N T

This Offering Memorandum is confidential and is furnished to prospective purchasers of the Dollar General located at 1303 S. 78th St., Tampa, FL 33619 (“Property”). This Offering Memorandum is intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property. The information and materials contained herein are selective and limited in nature, and neither Owner or Schuchert Retail Group purports this to be an all-inclusive report on the Property.

This Offering Memorandum contains select information pertaining to the Property and does not purport to be all-inclusive or contain all or part of the information which prospective purchasers may require to evaluation a purchase of the Property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable. However, Schuchert Retail Group has not and will not verify any of this information, nor has Schuchert Retail Group conducted any investigation regarding these matters. Schuchert Retail Group makes no guarantee, warranty or representation, express or implied, as to the truth, accuracy or completeness of any information provided and no legal commitments or obligations shall arise by reason of this Offering Memorandum or its contents. The information contained herein is not a substitute for a thorough due diligence investigation. All infor-mation is presented “as is” without representation or warranty of any kind. It is your responsibility to independently confirm its accuracy and completeness.

Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence, including engineering and environmental inspections, to determine the condition of the Property and its suitability for their needs. Prior to submitting an offer, prospective purchasers should consult with their own financial, legal, tax and construction advisors to determine the consequences of an investment in the Property and arrive at an independent evaluation of such investment.

By receipt of this Offering Memorandum for the Property, you agree that:

- This Offering Memorandum and its contents are of a confidential nature.

- You will treat it in the strictest confidence.

- You will not disclose this Offering Memorandum or any of its contents to any other person or entity without the prior written authorization of the Owner or Schuchert Retail Group.

- You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Owner or Schuchert Retail Group.

- You will be responsible for making your own decisions.

Owner and Schuchert Retail Group expressly reserve the right, in its sole discretion, to: (i) reject any or all expressions of interest or offers to purchase the Property without providing any reason or (ii) to terminate any negotiations with any party, at any time, with or without notice. The Owner shall have no legal commitment or obligations to any recipient viewing this Offering Memorandum or making an offer to purchase the property unless and until a written agreement for the purchase of the property has been fully executed on terms acceptable to Owner and any and all conditions set by Owner have been fully satisfied or waived.

By accepting this Offering Memorandum you agree to release the Seller and Schuchert Retail Group of any and all liability and hold the parties harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of the Property.

DOLLAR GENERAL | TAMPA , FL1 1 SCHUCHERTS RETAIL GROUP

EXCLUSIVELY LISTED BY:

JIM SCHUCHERT Co-Founder & Managing Partner


JOE SCHUCHERT Co-Founder & Managing Partner

[email protected] 424.363.6508 M 310.971.3116CA License #01973172


BRIAN BROCKMANBang Realty-Naples, Inc.

Broker of Record FL License #BK3327646

memorandum...) dollar general plans to undertake some 2,600 real estate projects in 2020, including...

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