1307 SECOND LOOP ROAD FLORENCE, SOUTH CAROLINA - CELL | FAX
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1307 SECOND LOOP ROAD FLORENCE, SOUTH CAROLINA
CATHERINE VAUGHN JESSE LONG
BROKER PRINCIPAL/BIC
CELL | 843.437.7310 CELL | 770.653.9400
FAX | 843.414.5209 FAX | 843.414.5209
CVAUGHN@BIRCHINLANEREALTY.COM JLONG@BIRCHINLANEREALTY.COM
1307 2ND LOOP ROAD FLORENCE, SC 29505
TA B L E O F C O N T E N T S
SECTION I
Location Map
Aerial Map
Investment Highlights
Investment Summary
Site Plan
Company Overview
Market Overview
Lease Abstract
Rent Roll
SECTION II
Traffic Counts
Demographics Drive Time
Demographics 1-3-5 Mile Rings
SECTION III
DISCLAIMER
CONFIDENTIALITY
CATHERINE VAUGHN
JESSE LONG || PBROKER/BIC
RINCIPAL
CELL | CELL | 770.653.9400
843.437.7310
FAX | 843.414.5209
FAX | 843.414.5209
JLONG@BIRCHINLANEREALTY.COM
CVAUGHN@BIRCHINLANEREALTY.COM
1307 2ND LOOP ROAD FLORENCE, SC 29505
*ACTUAL PROPERTY
CATHERINE | PRINCIPAL
VAUGHN
JESSE LONG /BIC
| BROKER
CELL | 770.653.9400
CELL | 843.437.7310
FAX | 843.414.5209
FAX | 843.414.5209
JLONG@BIRCHINLANEREALTY.COM
CVAUGHN@BIRCHINLANEREALTY.COM
1307 2ND LOOP ROAD FLORENCE, SC 29505
L O C AT I O N M A P
Charlotte, NC 108 Miles
State Capital Columbia,
South Carolina 80 Miles
Atlanta, GA 290 Miles Myrtle Beach 70 Miles
Charleston 119 Miles
CATHERINE
JESSE LONG V|AUGHN | B/BIC
PRINCIPAL ROKER
CELL | 843.437.7310
CELL | 770.653.9400
FAX || 843.414.5209
843.414.5209
JLONG@
CVAUGHN @BIRCHINLANEREALTY
BIRCHINLANEREALTY .COM
.COM
1307 2ND LOOP ROAD FLORENCE, SC 29505
AERIAL
Includes .6 acres (approx) out parcel with
potential for development or ground lease –
valued at approx $150,000
CATHERINE
JESSE LONGV|AUGHN | B/BIC
PRINCIPAL ROKER
CELL || 770.653.9400
CELL 843.437.7310
FAX || 843.414.5209
FAX 843.414.5209
JLONG@BIRCHINLANEREALTY.COM
CVAUGHN@BIRCHINLANEREALTY.COM
1307 2ND LOOP ROAD FLORENCE, SC 29505
INVESTMENT HIGHLIGHTS
Tenant Food Lion
Building Size (Square Feet) 45,450 (Entire Shopping Center)
Primary Lease Term (Years) Early Renewal 2016. Expires 03/31/2026
Lease Options Six (6) Five (5) year options
5% at first increase 02/01/2018
Rent Increases Then 4.5% each option period
RE Tax & Insurance Paid by Tenant
Landlord Responsibilities Refer to Lease Abstract
Land Size 5.00 acres
Year Built 1979
Ownership Fee Simple
Annual Rent $265,256
Cap Rate 7.4%
Sale Price $3,600,000
1 Mile 3 Mile 5 Mile Annual Sales
Population 7,10 8 44,520 71,0 88 2020 $12,318.048
Avg. HH Income $76,959 $64,115 $62,651 2019 $9,607,330
2018 $9,002,213
Median HH Income $55,734 $44,685 $44,40 6 2017 $8,638,069
CATHERINE VAUGHN
JESSE LONG | P|RINCIPAL
BROKER/BIC
| 770.653.9400
| 843.437.7310
CELL CELL
FAX | 843.414.5209
FAX | 843.414.5209
JLONG@BIRCHINLANEREALTY.COM
CVAUGHN@BIRCHINLANEREALTY.COM
1307 2ND LOOP ROAD FLORENCE, SC 29505
INVESTMENT OVERVIEW
STRONG REAL ESTATE FUNDAMENTALS
• Corporately guaranteed lease by Delhaize America, Inc with an early renewal in 2016 – expires 03/31/2026 with Six, 5 year renewal options
• Long term stabilized asset – Food Lion has been there since 1979
• Value Add opportunity with approximately half an acre outparcel that could be developed or ground leased (valued it at $150K)
• Major Corporate Guarantor: Food Lion (NYSE: DEG)
• Investment Grade Tenant accounts for 64% of Income
• 2020 Rent to Sales Ratio: 1.3% (2020 store sales $12,318.048). A 29% increase from 2019 store sales
• Strong Store sales that continue to increase year over - ($424.76 SF 2020 Sales)
• Most recent Landlord and Tenant Renovations completed July 2016 and 2011
• 100% Leased
• Six Tenant Shopping Center
STRONG RETAIL LOCATION
• Florence is a part of the Florence Metropolitan Statistical Area (pop over 200,000) and is an area consisting of two counties in the Pee
Dee region of northeastern South Carolina anchored by the city of Florence.
• Home to Coker College, Francis Marion University, Florence-Darlington Technical College
• Southwood Village is centered within a highly popular and dense residential area at the intersection of Second Loop Rd. (4 land rd.) and
Edisto Dr. Second Loop Rd. is a major four (4) land thoroughfare that connects the two (2) most active growth areas in the Florence area
(Southeast and Southwest). Second Loop Rd. also commands some of the stronger land prices in this market.
• Closest competing properties over a mile away.
STRONG DEMOGRAPHICS AND EMPLOYMENT
• More than 70,000 residents within five miles, with an average household income of over $62,000
• More than 110,000 residents within 10 miles, with an average household income of over $61,000
• Closest competing properties over a mile away.
CATHERINE
JESSE LONGVAUGHN | BROKER
| PRINCIPAL /BIC
CELL|| 843.437.7310
CELL 770.653.9400
FAXFAX|| 843.414.5209
843.414.5209
CVAUGHN@BIRCHINLANEREALTY..COM
JLONG @ BIRCHINLANEREALTY COM
1307 2ND LOOP ROAD FLORENCE, SC 29505
R E A L E S TAT E I N V E S T M E N T D E TA I L S
Property Address: Purchase Price: Net Operating Income:
1307 2nd Loop Road $3,600,00 $265,256
Florence, SC 29505
Cap Rate: Monthly Net
Year Built: 7.4% Operating Income:
1979 $22,104
Renovated in 2016 Tenants:
6 Renewal Options
Land size: Six, 5 year renewal options
5.00 Acres Total Rentable SF:
45,450 Financing
Property Type: Buyer must assume conduit loan
Retail Supermarket Price Per SF: attached to the property. Assumption is
(Neighborhood Center) $79.21 dependent on lender approval.
The information, calculations and data presented in this Offering Memorandum are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrating projections and
analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. The
user of this information should consult with a professional in the respective legal, accounting, tax or other professional area before making any decisions.
CATHERINE VAUGHN
JESSE LONG | BROKER
| PRINCIPAL /BIC
| |843.437.7310
CELLCELL 770.653.9400
| |843.414.5209
FAXFAX 843.414.5209
JLONG @ BIRCHINLANEREALTY
CVAUGHN@BIRCHINLANEREALTY.COM .COM
RENT ROLL
LSE START LSE EXP. EXP.
TENANT SF RENT PSF BASE RENT CAM TAXES INS. RENEWALS SCHEDULE INCR.
DATE DATE REIMB.
PRS over 7 - 5yr. Options
FOOD LION 29,000 3/22/79 3/31/26 $5.50 $13,300.00 Yes $845.83 mo. N/A Per Option Periods
base year Remain
Auto 5 Yr.
Musical Depot 8,450 2/1/15 4/30/25 $6.69 $4,714.39 Yes $416.00 mo. N/A N/A renewals w/90 3% each five yr. term
days notice
Base Rent Inc 6/1/20 -
4,294.05 6/1/21 -
Freeman's Yes Included in Included in 4,396.66 6/1/22 -
4,800 6/1/15 5/31/25 $10.48 $4,193.44 $836.85 mo. None
Bakery Fixed CAM CAM 4,501.33 6/1/23 -
4,608.10 6/1/24 -
4,717.00
Little China 5/1/20 mo. rent incr. to
1,600 3/1/15 5/31/28 $12.46 $1,660.93 No N/A N/A N/A None
Restaurant $1,743.98
1 - 5yr. w/120
Shaun Smith Effect. 2/1/23 mo. Rent
1,600 2/1/16 1/31/26 $10.88 $1,450.00 No N/A N/A N/A days notice
ABC incr. to $1,500.00
and 3% incr.
TOTALS $25,318.76 $2,098.68
CATHERINE VAUGHN| BROKER
CELL | 843.437.7310
FAX | 843.414.5209
CVAUGHN@BIRCHINLANEREALTY.COM
1307 2ND LOOP ROAD FLORENCE, SC 29505
Excellent location. Recently renovated
July 2016 with several improvements
including a new roof, parking lot.
CATHERINE VAUGHN
JESSE LONG | BROKER
| PRINCIPAL /BIC
| |843.437.7310
CELLCELL 770.653.9400
| |843.414.5209
FAXFAX 843.414.5209
JLONG @ BIRCHINLANEREALTY
CVAUGHN@BIRCHINLANEREALTY.COM .COM1307 2ND LOOP ROAD FLORENCE, SC 29505
Southwoood Village Shopping Center
is located at a busy intersection with
over 21,000 Vehicles per day.
Little China continues to draw
customers after being in business for
over 20 years.
ABC Store provides beer, liquor and
wine to local customers of Florence
CATHERINE VAUGHN
JESSE LONG | BROKER
| PRINCIPAL /BIC
| |843.437.7310
CELLCELL 770.653.9400
| |843.414.5209
FAXFAX 843.414.5209
JLONG @ BIRCHINLANEREALTY
CVAUGHN@BIRCHINLANEREALTY.COM .COM1307 2ND LOOP ROAD FLORENCE, SC 29505
Florence Bakery that has been a
favorite of locals since 1964
CATHERINE VAUGHN
JESSE LONG | BROKER
| PRINCIPAL /BIC
| |843.437.7310
CELLCELL 770.653.9400
| |843.414.5209
FAXFAX 843.414.5209
JLONG @ BIRCHINLANEREALTY
CVAUGHN@BIRCHINLANEREALTY.COM .COM1307 2ND LOOP ROAD FLORENCE, SC 29505
Local Florence Musicians have been
renting and purchasing instruments,
speakers, and giving music lessons
since 2005.
CATHERINE VAUGHN
JESSE LONG | BROKER
| PRINCIPAL /BIC
| |843.437.7310
CELLCELL 770.653.9400
| |843.414.5209
FAXFAX 843.414.5209
JLONG @ BIRCHINLANEREALTY
CVAUGHN@BIRCHINLANEREALTY.COM .COM1307 2ND LOOP ROAD FLORENCE, SC 29505
Freeman’s
Baker, McCall Choices
Spirits Charter
School
22,100 VPD
JESSE LONG || PP
JESSE LONG RINCIPAL
RINCIPAL /BIC
/BIC
CELL || 770.653.9400
CELL 770.653.9400
FAX || 843.414.5209
FAX 843.414.5209
JLONG@BIRCHINLANEREALTY.COM
JLONG@BIRCHINLANEREALTY.COM1307 2ND LOOP ROAD FLORENCE, SC 29505
SITE PLAN
CATHERINE
JESSE LONG V|AUGHN | B/BIC
PRINCIPAL ROKER
CELL | 843.437.7310
CELL | 770.653.9400
FAX || 843.414.5209
843.414.5209
JLONG@
CVAUGHN @BIRCHINLANEREALTY
BIRCHINLANEREALTY .COM
.COMCOMPANY OVERVIEW FOOD LION
Food Lion, based in Salisbury, N.C., since 1957, operates more than 1,100 grocery stores in 10 Southeastern and Mid-Atlantic states. Our
company proudly employs more than 63,000 associates and serves approximately 10 million customers a week.
By leveraging our longstanding heritage of low prices and convenient locations, Food Lion is working to provide the easiest full shop grocery
experience in the Southeast for our customers, anchored by a strong commitment to affordability, freshness and the communities we serve.
Not only can our customers count on us, but our communities can count on us too. Through Food Lion Feeds our company has committed to
provide 500 million meals to individuals and families struggling with hunger by the end of 2020.
Food Lion is a company of Delhaize America, the U.S. division of Brussels-based Delhaize Group (NYSE: DEG).
Ahold-Delhaize Deal Would Create One of Largest Grocery Chains in U.S.
“The merger agreement between the Dutch supermarket operator Ahold and the Delhaize Group of Belgium on Wednesday reflected yet another
sign of the malaise hanging over the grocery business in the United States.
While the deal would, if approved, create one of the largest supermarket operators in the United States, marrying Delhaize’s Food Lion and
Hannaford chains to Stop & Shop and Giant stores owned by Ahold, the move followed a string of grocery store mergers and a burst of new
competitors across the United States.
With the companies generating roughly two-thirds of their sales in the United States, their merger is expected to help them compete better with
Safeway and Albertson’s, which recently merged, and with Walmart Stores, which has the largest grocery business in the country.
The merger is subject to shareholder and regulatory approval and is expected to close in mid-2016. The boards of each company have
unanimously recommended that shareholders support the deal. The companies announced they were in preliminary talks to merge in May.
“This is a true merger of equals, combining two highly complementary businesses to create a world-leading food retailer,” Jan Hommen, the Ahold
chairman, and Mats Jansson, the Delhaize chairman, said in a news release on Wednesday.
If the merger is completed, Mr. Jansson, the Delhaize chairman, would be chairman of Ahold Delhaize, and Dick Boer, the Ahold chief executive,
would continue in that role at the combined company.”
The New York Times, June 24, 2015
CATHERINE VAUGHN| BROKER
CELL | 843.437.7310
FAX | 843.414.5209
CVAUGHN@BIRCHINLANEREALTY.COMLEASE ABSTRACT
Tenant Food Lion
Premises 1307 2nd Loop Road Florence, SC 29505
Date of Lease 03/25/2016
Rent Commencement 03/25/2016
Lease Expiration 03/31/2026
Leasable Square Footage 29,000 SF
Lease Term Ten (10) years – 9 years remaining in initial term
Renewal Options Six, 5 year renewal options
Rent $169,740
Rent Increases 4.5% each option period
Roof Structure Landlord at its sole cost and expense shall make all repairs to both the exterior and the interior of the property
Real Estate Taxes Food Lion reimburses landlord taxes annually which approximately $24,000 a year. This included in the NOI amount.
Common Area Expenses $10,150.00 until 1/31/2018 . Goes up 14% to $11,600 02/01/18—1/31/23, then up 12.5% Extension 2 , up 11%
Extension 3, up 10% Extension 4, up 9% Extension 5, up 8% extension 7, up 7% Extension 8
Insurance Tenants agrees to protect Landlord from any claim or loss by reason of accident or damage unless caused by structural
failure. Tenant to carry liability insurance at amount as deemed in lease. Landlord agrees to protect from any damage in
commons areas. Landlord and Tenant to carry public liability insurance at amount as deemed in lease.
Repairs and Maintenance Landlord shall keep and maintain the common areas in good condition and repair, and shall maintain the exterior of
Tenant’s store building, roof, gutter, doors, downspouts, exterior painting, masonry walls, etc. Tenant agrees to keep the
interior of the demised premises in good condition and to maintain, replace and repair heat/ac systems.
Utilities Tenant pays all utilities including gas, heat, light, power, telephone, janitorial services and all materials supplied to the
premises.
Tenants Assigning/Subletting Tenant may without the consent of the Landlord assign the lease, or sublease or vacate the demised premises in whole or
in part, provided the tenant herin shall remain liable and responsible for payment of rentals and due performance of all
other terms of the lease.
CATHERINE VAUGHN| BROKER
CELL | 843.437.7310
FAX | 843.414.5209
CVAUGHN@BIRCHINLANEREALTY.COMLEASE ABSTRACT FREEMAN’S BAKERY
Tenant Freeman’s Bakery
Premises 1307 – G 2nd Loop Road Florence, SC 29505
Date of Lease 02/19/2015
Rent Commencement 06/01/2015
Lease Expiration 05/31/2025
Leasable Square Footage 4,800
Lease Term Five (5) years
Renewal Options None
Rent $34,081
Rent Increases Lease Rent increase 06/01/20 - $4,294.05, 06/01/21 - $4,396.66, 06/01/22 - $4,501.33, 06/01/23- $4,608.10, 06/01/24 - $4,717.00
Roof Structure Landlord at its sole cost and expense shall make all repairs to both the exterior and the interior of the property
Real Estate Taxes Tenant shall reimburse Landlord for its prorated share of property taxes and insurance. All CT&I Payments are due
with monthly rent payment
Common Area Expenses Tenant shall reimburse Landlord for its prorated share of common area expenses required in its maintenance and
repair including, but not limited to, water & sewer, exterior electric operating costs, maintenance of roads. Parking lot,
walkways, landscaping shall be considered common areas for the use of all tenants.
Insurance Tenant should obtain commercial general liability and property damage insurance in amount no less than One million
($1,000,000) dollars per occurrence.
Repairs and Maintenance Landlord shall maintain and make all repairs to foundation, structure, load bearing walls, roof, water, & sewer mains
of the premises. Tenant is responsible for regular maintenance of heating/AC systems serving premises with costs up
to $500.
Utilities Tenant pays all utilities including gas, heat, light, power, telephone, janitorial services and all materials supplied to the
premises.
Tenants Assigning/Subletting Tenant shall not sublease without Landlord’s approval and written consent.
CATHERINE VAUGHN| BROKER
CELL | 843.437.7310
FAX | 843.414.5209
CVAUGHN@BIRCHINLANEREALTY.COMLEASE ABSTRACT ABC STORE
Tenant ABC Store
Premises 1307 – I Second Loop Road Florence, SC 29505
Lease Commence Date 02/01/2016
Rent $1,425 per month
Lease Expiration 01/31/2021
Leasable Square Footage 1,600 SF
Lease Term Five (5) years
Renewal Options None
Base Rent $17,100
Rent Increases Three (4) Percent Annually on Feb 1st of each year
Roof Structure Landlord at its sole cost and expense shall make all repairs to both the exterior and the interior of the property
Real Estate Taxes Included in rent? Need to read lease
Common Area Expenses Tenant shall reimburse Landlord for its prorated share of common area expenses required in its maintenance and repair
including, but not limited to, water & sewer, exterior electric operating costs, maintenance of roads. Parking lot,
walkways, landscaping shall be considered common areas for the use of all tenants.
Insurance Landlord covers fire and casualty insurance covering all risks of loss to all improvements on or about building. Landlord
and tenant shall obtain property damage insurance.
Repairs and Maintenance Landlord shall maintain and make all repairs to foundation, structure, load bearing walls, roof, water, & sewer mains of
the premises. Tenant is responsible for regular maintenance of heating/AC systems serving premises with costs up to
$500.
Utilities Tenant pays all utilities including gas, heat, light, power, telephone, janitorial services and all materials supplied to the
premises.
Tenants Assigning/Subletting Tenant shall not sublease without Landlord’s approval and written consent.
CATHERINE VAUGHN| BROKER
CELL | 843.437.7310
FAX | 843.414.5209
CVAUGHN@BIRCHINLANEREALTY.COMLEASE ABSTRACT MUSIC DEPOT
Tenant Music Depot
Premises 1307– C 2nd Loop Road Florence, SC 29505
Date of Lease 04/21/2015
Rent Commencement 02/01/2015
Lease Expiration 04/30/2020
Leasable Square Footage 8,450 SF
Lease Term Five (5) years
Renewal Options Auto renew every 5 years with 90 days notice
Rent $59,916 ( Including CAM $416 a month)
Rent Increases Three percent (3%) each year
Roof Structure Landlord at its sole cost and expense shall make all repairs to both the exterior and the interior of the property
Real Estate Taxes CAM, Taxes and Insurance included in the rent
Common Area Expenses Parking lot, walkways, landscaping shall be considered common areas for the use of all tenants.
Insurance Tenant should obtain commercial general liability and property damage insurance in amount no less than One million
($1,000,000) dollars per occurrence.
Repairs and Maintenance Tenant shall maintain and keep interior of premises in good repair. Tenant shall maintain and keep interior of premises
in good repair. Landlord shall maintain and make all repairs to foundation, structure, load bearing walls, roof, water, &
sewer mains of the premises. Landlord pays for repairs of heating/ac the first twelve months. Then tenant is responsible
for regular maintenance of heating/AC systems serving premises with costs up to $500.
Utilities Tenant pays all utilities including gas, heat, light, power, telephone, janitorial services and all materials supplied to the
premises.
Tenants Assigning/Subletting Tenant shall not sublease without Landlord’s approval and written consent.
CATHERINE VAUGHN| BROKER
CELL | 843.437.7310
FAX | 843.414.5209
CVAUGHN@BIRCHINLANEREALTY.COMLEASE ABSTRACT LITTLE CHINA
Tenant Little China
Premises 1307 – H 2nd Loop Road Florence, SC 29505
Date of Lease 08/08/2014
Rent Commencement 03/01/2015
Lease Expiration 02/28/2025
Leasable Square Footage 1,600 SF
Lease Term Ten (10) years
Renewal Options Automatically renews at the end of the term 02/28/2025 for Five (5) years
Rent $19,931
Rent Increases $1,743.98 ( 03/01/2020)
Roof Structure Landlord at its sole cost and expense shall make all repairs to both the exterior and the interior of the property
Real Estate Taxes NA
Common Area Expenses Parking lot, walkways, landscaping shall be considered common areas for the use of all tenants
Insurance Tenant should obtain commercial general liability and property damage insurance in amount no less than One million
($1,000,000) dollars per occurrence.
Repairs and Maintenance Landlord shall maintain and make all repairs to foundation, structure, load bearing walls, roof, water, & sewer mains
of the premises. Tenant is responsible for regular maintenance of heating/AC systems serving premises with costs up
to $500.
Utilities Tenant pays all utilities including gas, heat, light, power, telephone, janitorial services and all materials supplied to the
premises
Tenants Assigning/Subletting Tenant shall not sublease without Landlord’s approval and written consent.
CATHERINE VAUGHN| BROKER
CELL | 843.437.7310
FAX | 843.414.5209
CVAUGHN@BIRCHINLANEREALTY.COM1307 2ND LOOP ROAD FLORENCE, SC 29505
TOP EMPLOYERS FLORENCE, SC
Corporation Name in alphabetical order
ASSURANT GROUP HONDA OF SOUTH CAROLINA
CAROLINAS HOSPITAL SYSTEM MFG INC
DARLINGTON COUNTY SCHOOL DISTRICT MCLEOD HEALTH
DUKE ENERGY MCLEOD PHYSICIAN ASSOCIATES II
PROGRESS INC MCLEOD REGIONAL MEDICAL CENTER
FLORENCE COUNTY COUNCIL MOR PPM INC
FLORENCE COUNTY SCHOOL DISTRICT #3 NIGHTINGALES NURSING & ATTENDANT CA
FLORENCE DARLINGTON TECHNICAL COLLEGE NUCOR CORPORATION
FLORENCE PUBLIC SCHOOL DISTRICT #1 QVC INC
FRANCIS MARION UNIVERSITY SONOCO PRODUCTS COMPANY
HARTSVILLE HMA INC WAL-MART ASSOCIATES INC
Source: S.C. Department of Employment & Workforce - 2015
CATHERINE
JESSE LONGVAUGHN | BROKER
| PRINCIPAL /BIC
CELL|| 843.437.7310
CELL 770.653.9400
FAXFAX|| 843.414.5209
843.414.5209
CVAUGHN@BIRCHINLANEREALTY..COM
JLONG @ BIRCHINLANEREALTY COM1307 2ND LOOP ROAD FLORENCE, SC 29505
ABOUT FLORENCE
Florence is a city brimming with history, character, and Southern
charm. Chartered in 1871 and incorporated December 24, 1890, the
original township formed as a railroad terminal. The town was named
after Florence Henning Harllee, the daughter of William Wallace
Harllee, the first president of the Wilmington & Manchester Railroad.
Today, Florence is a community with a population of approximately
33,000 residents.
This mid-sized Southern city is large enough to boast a performance
theater, symphony orchestra, many ballet companies, museums,
festivals, the Pee Dee Cyclones in the Southern Professional Hockey
league, and the world-class recreation complex Freedom Florence.
Still, the City is small enough to preserve a small-town feeling with a
number of tree-lined streets and parks, all of which add to the
pleasant lifestyle that citizens enjoy. Residents exude a strong sense
of community pride and Southern hospitality.
The City of Florence is the largest city in the Northeastern portion of South Carolina in the heart of
eight counties between the Piedmont and Coastal regions of South Carolina. The City is approximately 80 miles Northeast of Columbia, SC; 100
miles North of Charleston, SC; 90 miles South of Fayetteville, NC; and about 70 miles West of Myrtle Beach, SC. Florence is the largest city in
Florence County and serves as the county seat.
Florence is located at the intersection of I-95, the major north/south artery on the East Coast, and I-20 that begins in Florence and runs through
Atlanta to the western United States. U.S. Highways 52, 301, and 76 also meet in Florence, providing access to Charleston, Myrtle Beach, and a
direct connection via U.S. 76 with Chicago. In addition, Florence is accessible by a recently expanded regional airport, twenty trucking terminals, and
both Amtrak and CSX railway services.
CATHERINE
JESSE LONGVAUGHN | BROKER
| PRINCIPAL /BIC
CELL|| 843.437.7310
CELL 770.653.9400
FAXFAX|| 843.414.5209
843.414.5209
CVAUGHN@BIRCHINLANEREALTY..COM
JLONG @ BIRCHINLANEREALTY COMECONOMIC OVERVIEW SOUTH CAROLINA
Business environment
•Ranked 1st among 17 Southeastern states in per capita investment
•An $18 million annual fund for highway construction and improvements for economic development purposes
•Tax increment financing for redevelopment projects
•Lowest Workers’ Compensation rates in the nation
•Cost of living 12% less than the national average
Transportation
• Within a two-day drive of nearly 75 percent of U.S. population.
• Five interstates – 95, 20, 26, 77 and 85.
• Seven major airports, three Atlantic seaports and a 2,500-mile rail network.
• Port of Charleston –2nd busiest container port on the East Coast, delivers $53 billion in
annual statewide economic impact, responsible for 187,200 SC Jobs
Labor
• ReadySC – the nation's top-ranked workforce training program.
• Low 2.1 percent unionization rate
• A "right to work" and "employment at will" state
• Sixteen technical colleges that graduate more than 9,000 people each year 10th Fastest Growth State in the Country
Quality of life
• Recreational opportunities extend from 200 miles of beach to the rolling foothills of the Piedmont
• A rich cultural heritage is celebrated with art museums, opera houses, theater, ballet, symphony, Spoleto and other folk festivals
• Sporting activities and events include top-level collegiate sports, steeplechase, polo, NASCAR, golf, fishing and hunting
• South Carolina has over 400 golf courses and the moderate weather to play all year.
• Home to Charleston, South Carolina – ranked "World's Best City" by Travel + Leisure
www.scchamber.net
CELL |
CATHERINE 770.653.9400
VAUGHN | BROKER
FAX | 843.414.5209
CELL | 843.437.7310
FAX | 843.414.5209
CVAUGHN@BIRCHINLANEREALTY.COMDEMOGRAPHIC INFORMATION 1 MILE
CATHERINE VAUGHN| BROKER
CELL | 843.437.7310
FAX | 843.414.5209
CVAUGHN@BIRCHINLANEREALTY.COMDEMOGRAPHIC INFORMATION 1 MILE
CATHERINE VAUGHN| BROKER
CELL | 843.437.7310
FAX | 843.414.5209
CVAUGHN@BIRCHINLANEREALTY.COMDEMOGRAPHIC INFORMATION 3 MILE
CATHERINE VAUGHN| BROKER
CELL | 843.437.7310
FAX | 843.414.5209
CVAUGHN@BIRCHINLANEREALTY.COMDEMOGRAPHIC INFORMATION 3 MILE
CATHERINE VAUGHN| BROKER
CELL | 843.437.7310
FAX | 843.414.5209
CVAUGHN@BIRCHINLANEREALTY.COMDEMOGRAPHIC INFORMATION 5 MILE
CATHERINE VAUGHN| BROKER
CELL | 843.437.7310
FAX | 843.414.5209
CVAUGHN@BIRCHINLANEREALTY.COMDEMOGRAPHIC INFORMATION 5 MILE
CATHERINE VAUGHN| BROKER
CELL | 843.437.7310
FAX | 843.414.5209
CVAUGHN@BIRCHINLANEREALTY.COM1-3-5 Miles Rings
CATHERINE VAUGHN| BROKER
CELL | 843.437.7310
FAX | 843.414.5209
CVAUGHN@BIRCHINLANEREALTY.COMTRAFFIC COUNT MAP
CATHERINE VAUGHN| BROKER
CELL | 843.437.7310
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CVAUGHN@BIRCHINLANEREALTY.COMAVERAGE DAILY TRAFFIC COUNT MAP
CATHERINE VAUGHN| BROKER
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CVAUGHN@BIRCHINLANEREALTY.COMTRAFFIC COUNT 1— 3 — 5 MILE PROFILE
CELL |VAUGHN
CATHERINE 770.653.9400
| BROKER
FAX | 843.414.5209
CELL | 843.437.7310
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CVAUGHN@BIRCHINLANEREALTY.COMAVERAGE DAILY TRAFFIC COUNT
CATHERINE VAUGHN| BROKER
CELL | 843.437.7310
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CVAUGHN@BIRCHINLANEREALTY.COM[ DISCLAIMER ]
The information provided and to be provided with respect to property being marketed was obtained from variety of sources
and OWNER HAS NOT MADE ANY INDEPENDENT INVESTIGATION OR VERIFICATION OF THE INFORMATION PRESENTED OR TO BE
PRESENTED WITH RESPECT TO THE PROPERTY. OWNER AND ITS AGENTS MAKE NO REPRESENTATIONS OR WARRANTIES AS TO
THE ACCURACY OR COMPLETENESS OF SUCH INFORMATION.
Birchin Lane Realty Advisors, LLC (“Birchin Lane”) hereby advises all prospective purchasers of Net Leased property as follows:
The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable.
However, Birchin Lane has not and will not verify any of this information, nor has Birchin Lane conducted any investigation
regarding these matters. Birchin Lane makes no guarantee, warranty or representation whatsoever about the accuracy or
completeness of any information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility to
independently confirm the accuracy and completeness of all material information before completing any purchase. This
Offering Memorandum is not a substitute for your thorough due diligence investigation of this investment opportunity. Birchin
Lane expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections,
opinions, assumptions or estimates used in this Offering Memorandum are for example only and do not represent the current
or future performance of this property.
The value of a property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.
Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net
leased property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate
investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully
review all legal and financial documents related to the property and tenant. Returns are not guaranteed. By accepting this
Offering Memorandum you agree to release Birchin Lane Realty Advisors, LLC and hold it harmless from any kind of claim,
cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.
CATHERINE VAUGHN| BROKER
JESSE LONG | PRINCIPAL/BIC
CELL
CELL | 843.437.7310
| 770.653.9400
FAX | 843.414.5209
FAX | 843.414.5209
JLONG@@
CVAUGHN .COM.COM
BIRCHINLANEREALTY
BIRCHINLANEREALTY1302 2ND LOOP ROAD FLORENCE SC 29505
CONFIDENTIALITY AND DISCLAIMER
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be
reviewed only by the party receiving it from Birchin Lane Realty Advisors, LLC (“Birchin Lane”) and should not be made available to
any other person or entity without the written consent of Birchin Lane. This Offering Memorandum has been prepared to provide
summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject
property. The information contained herein is not a substitute for a thorough due diligence investigation. Birchin Lane has not
made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject
property, the future projected financial performance of the property, the size and square footage of the property and
improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal
regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant,
or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Offering
Memorandum has been obtained from sources we believe to be reliable; however, Birchin Lane has not verified, and will not
verify, any of the information contained herein, nor has Birchin Lane conducted any investigation regarding these matters and
makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All
potential buyers must take appropriate measures to verify all of the information set forth herein.
A L L P RO P E RT Y S H OWI N G S A R E BY A P P O I N T ME N T O N LY.
P L EA S E CO N TA C T B I RC H I N L A N E .
CATHERINE VAUGHN
JESSE LONG | P|RINCIPAL
BROKER /BIC
| 843.437.7310
CELL CELL | 770.653.9400
| 843.414.5209
| 843.414.5209
FAX FAX
JLONG @ BIRCHINLANEREALTY
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