walmart shadow anchor mayodan shopping...

RDO I N V E S T M E N T S

Walmart Shadow AnchorMAYODAN SHOPPING CENTER

MAYODAN, NORTH CAROLINA

OFFERED BY:

RYAN D. O’CONNELL

P. [email protected]

Office 602.595.4000 Fax 602.467.3218 ・ 3219 East Camelback Road・ Phoenix, Arizona 85018・ www.RDOinvestments.com

Listed in conjunction withPhilip J. Stewart, Jr.Stewart Realty, LLC

BROKER OF RECORD


The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intendedto be reviewed only by the party receiving it from RDO Investments, LLC and should not be made available to anyother person or entity without the written consent of RDO Investments, LLC. This Marketing Brochure has beenprepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminarylevel of interest in the subject property. The information contained herein is not a substitute for a thorough duediligence investigation. RDO Investments, LLC has not made any investigation, and makes no warranty orrepresentation, with respect to the income or expenses for the subject property, the future projected financialperformance of the property, the size and square footage of the property and improvements, the presence orabsence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, thephysical condition of the improvements thereon, or the financial condition or business prospects of any tenant, orany tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in thisMarketing Brochure has been obtained from sources we believe to be reliable; however, RDO Investments, LLC hasnot verified, and will not verify, any of the information contained herein, nor has RDO Investments, LLC conductedany investigation regarding these matters and makes no warranty or representation whatsoever regarding theaccuracy or completeness of the information provided. All potential buyers must take appropriate measures toverify all of the information set forth herein.

All properties visits are by appointment only.


TENANT(s): Dollar TreeCATOShoe ShowDomino’sStaffMastersSpringleaf FinancialSan Marcos RestaurantChina YummySmoke HouseTiffany’s NailsSprint/Boost Mobile

LOCATION: 131 Commerce DriveMayodan, NC 27027

PROPERTY TYPE: Walmart Shadow AnchorMulti-tenant Strip Center

LEASE TYPE: Modified Net

LIST PRICE: $5,700,000

CAP RATE: 7.5%

NET OPERATING INCOME: $427,868.

OCCUPANCY : 94%

CONSTRUCTION: Brick and Stucco1996 (original construction)2007 (full renovation)

SQUARE FOOTAGE: 55,659 SF

LAND AREA: 5.52 Acres

FINANCING: Delivered Free & Clear

PROPERTY SUMMARY

______________________________________________RDOINVESTMENTS.COM


PROPERTY OVERVIEW:

The subject property is an approximate 55,659 +/- rentable square foot shopping center located at theintersection of Highway 322 and Commerce Drive in Mayodan, North Carolina. The property sits on a 5.52acre parcel to a Walmart Super Center. Directly to the South is a newly constructed Goodwill Location. Theother Walmart outparcels include a newly constructed McDonalds, Verizon Wireless, Burger King and MurphyUSA. The subject property was originally developed in 1996, and later fully renovated and expanded in 2007to accommodate further retail use. The Property is currently 94% occupied with 12Tenants.

The property is strategically positioned along Commerce Drive just east Highway 220 (future I-73) whichtravels south to Greensboro and north to Martinsville. The site is located directly adjacent to the RemingtonArms Headquarters.

Other well-known retail stores in Mayodan include: Lowes Home Improvement, BB&T, Pizza Hut, Hardees,Advance Auto Parts, Food Lion, AutoZone, TireMax, Family Dollar and O’Reilly Auto Parts.

The Property offers immediate upside with 2 vacant units and the ongoing ability to release the existing16,462 rear building space which is currently built out as a office/call center.

LOCATION OVERVIEW:

Mayodan is located 30 miles north of Greensboro in the northern Piedmont area in the Mayo River valley, justnorth of its confluence with the Dan River. The mill town roots can be seen in the historic mill village housesand quaint downtown commercial area.

Manufacturing has always played an important part in the history and future of Mayodan. Frontier Spinningand McMichael Mills continue to produce yarns for the textile industry, and recently, Sturm, Ruger, & Co. haveannounced that they will begin production of firearms in Mayodan. In addition, other businesses that callMayodan home are Bridgestone Aircraft Tire, General Tobacco, Burlington Industries, Unifi Inc., Medibeg USASuper Walmart, Lowes Home Improvement, and the headquarters of Remington Arms.

Based upon the 2010 Census, the national demographics consulting firm Claritas has estimated that for 2017there are approximately 35,758 residents and 14,809 households with a ten-mile radius of the Property.According to Claritas, the average household income with a ten-mile radius of the Property was estimated tobe $55,485.

PROPERTY SUMMARYMAYODAN SHOPPING CENTER – MAYODAN, NC



Dollar Tree (NASDAQ: DLTR) Dollar Tree, Inc. operates discount variety stores in the United States andCanada. Its stores offer merchandise at the fixed price of $1.00. The company's stores provide consumablemerchandise, which includes candy and food, and health and beauty care products; and everyday consumables,such as paper and chemicals, and frozen and refrigerated food. Its stores also offer various merchandise thatinclude toys, durable housewares, gifts, party goods, greeting cards, softlines, and other items; and seasonalgoods consisting of Valentine's Day, Easter, Halloween, and Christmas merchandise. The company operates itsstores under the names of Dollar Tree, Deal$, Dollar Tree Deal$, Dollar Tree Canada, Dollar Giant, and DollarBills. It operates approximately 5,080 stores. The company was founded in 1986 and is based in Chesapeake,Virginia.

The CATO Corporation (NYSE: CATO) The Company, founded in 1946, operates approximately 1,300 appareland accessories specialty stores in 32 states under the names "Cato", “Versona”, “it’s Fashion” and "It's FashionMetro". Cato offers the latest fashion styles for any occasion – work or play, dressy or casual in junior/missesand plus sizes, jewelry, shoes and accessories at low prices every day. A substantial portion of Cato’smerchandise is sold under its private labels and is produced by various vendors in accordance with theCompany's specifications. Versona is a unique fashion destination for women's jewelry, handbags, apparel andshoes and reflects a commitment to high quality fashions at exceptional prices, every day. It’s Fashion offers thetrendy looks you’ll find in mall specialty stores and It’s Fashion Metro offers urban-inspired, nationallyrecognized brands and the latest fashions for juniors, junior plus sizes, men and big men's, boys and girls,infants and toddlers, newborn and layette and jewelry, shoes and accessories as well, all at low prices everyday. Stores primarily range in size from 3,000 to 8,000 square feet with the Cato and It’s Fashion conceptsprimarily in strip shopping centers while Versona stores are located in premier lifestyle centers and powercenters. The Company emphasizes customer service and coordinated merchandise presentations in anappealing store environment. The Company offers its own credit card and layaway plan.

Shoe Show was founded in 1960 in Kannapolis, NC. SHOE SHOW, INC.’s success has been based on a simpleformula of providing quality products, service and value. Over the past fifty-five years SHOE SHOW, INC. hascontinued to grow with stores named SHOE SHOW, SHOE DEPT. and Burlington Shoes. Currently SHOE SHOW,INC. has 1160 locations in 43 states. SHOE SHOW, INC. has maintained its formula of success throughtechnological advances and operating efficiencies; such as, standard store design, an efficient distributioncenter and computer links with stores and vendors. SHOE SHOW, INC. also places great value on social andcommunity activities that assist the local area. The Company is active in a number of charitable causes includingCooperative Christian Ministries, Bible Teaching Associations, Salvation Army, Hospice and Palliative Care ofCabarrus County, Crisis Pregnancy Center, CVAN, Gardner-Webb University, Cabarrus Vocational Opportunities,Rowan Vocational Opportunities Incorporated, Community Free Clinic and Cabarrus Meals on Wheels. In thefuture, SHOE SHOW, INC. will continue to stay focused on the simple formula of providing quality products,service and value.

TENANT OVERVIEWMAYODAN SHOPPING CENTER – MAYODAN, NC



Domino’s (NYSE: DPZ) is the second largest pizza restaurant chain in the world, with more than 14,200locations in over 85 markets. Founded in 1960, their roots are in convenient pizza delivery, while a significantamount of their sales also come from carryout customers. Although we are a highly-recognized global brand,we focus on serving the local neighborhoods in which we live and do business through their large network offranchise owners and Company-owned stores. On average, the company sells more than 1.5 million pizzas eachday throughout their global system.

The Company’s business model is straightforward: They handcraft and serve quality food at a competitive price,with easy ordering access and efficient service which are aided by their technology innovations. Domino’sdough is generally made fresh and distributed to stores around the world by Corporate stores and thefranchisees.

This location is a franchise store who operates a number of other locations throughout North Carolina.

Springleaf Holdings, Inc. (NYSE: OMF) Springleaf Holdings, Inc. is a leading consumer finance companyproviding responsible loan products to customers through our branch network and through our centralizedoperations. The Company has a nearly 100-year track record of high quality origination, underwriting andservicing of personal loans, primarily to non-prime consumers. The Company’s deep understanding of localmarkets and customers, together with their proprietary underwriting process and data analytics, allow them toprice, manage and monitor risk effectively through changing economic conditions. With an experiencedmanagement team, a strong balance sheet, proven access to the capital markets and strong demand forconsumer credit, they believe they are well positioned for future growth. At December 31, 2014, the companyhad $6.5 billion of net finance receivables due from over 1.2 million customer accounts.

SHI is a financial services holding company whose principal subsidiary is Springleaf Finance, Inc. ("SFI"). SFI'sprincipal subsidiary is Springleaf Finance Corporation ("SFC"), a financial services holding company withsubsidiaries engaged in the consumer finance and credit insurance businesses. At December 31, 2014,Springleaf Financial Holdings, LLC owned approximately 75% of SHI's common stock. The Initial Stockholder isowned primarily by a private equity fund managed by an affiliate of Fortress Investment Group LLC ("Fortress")and AIG Capital Corporation, a subsidiary of American International Group, Inc. ("AIG").

Sprint Corporation/Boost Mobile (NYSE: S), commonly referred to as Sprint, is an Americantelecommunications holding company that provides wireless services and is an internet service provider. It isthe fourth largest mobile network operator in the United States, and serves 59.7 million customers, as of April2017. The company also offers wireless voice, messaging, and broadband services through its varioussubsidiaries under the Boost Mobile, Virgin Mobile, and Assurance Wireless brands, and wholesale access to itswireless networks to mobile virtual network operators. The company is headquartered in Overland Park,Kansas.

Established in 2002, Boost Mobile, part of the Sprint Prepaid Group, redefines value for wireless consumerswith more data for less and no long-term commitment to a subscription contract. Operating on the NationwideSprint 3G Network for data and the Nationwide Sprint Network for voice services, both reaching more than 281million people respectively, as well as the nationwide Sprint 4G LTE Network, which reaches more than 280million people.

TENANT OVERVIEWMAYODAN SHOPPING CENTER – MAYODAN, NC



PHOTOSMAYODAN SHOPPING CENTER – MAYODAN, NC


PHOTOSMAYODAN SHOPPING CENTER – MAYODAN, NC

CorporateHeadquarters

MCMICHAEL MILLS, INC.

BLOW MOLDED SOLUTIONS

Dalton L. McMichaelHigh School


INCOME AND EXPENSEMAYODAN SHOPPING CENTER – MAYODAN, NC



SITE PLAN/LEASING PLANMAYODAN SHOPPING CENTER – MAYODAN, NC


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LOCATION MAPMAYODAN SHOPPING CENTER – MAYODAN, NC


DEMOGRAPHICSMAYODAN SHOPPING CENTER – MAYODAN, NC


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CONTACTMAYODAN SHOPPING CENTER – MAYODAN, NC


Ryan D. O’ConnellPrincipal

RDO Investments, LLC3219 East Camelback Road

Phoenix, Arizona 85018P. 602-595-4000F. 602-467-3218M. 602-790-9036

E. [email protected]

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