STATION WEST SHOPPING CENTER - Multi-Tenant Lease Investment Opportunity 11510 Columbia Street | Blakely, GA 39823 - Sands Investment Group

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STATION WEST SHOPPING CENTER - Multi-Tenant Lease Investment Opportunity 11510 Columbia Street | Blakely, GA 39823 - Sands Investment Group
STATION WEST SHOPPING CENTER
                         Multi-Tenant Lease Investment Opportunity
                            11510 Columbia Street | Blakely, GA 39823
Actual Property Image
STATION WEST SHOPPING CENTER - Multi-Tenant Lease Investment Opportunity 11510 Columbia Street | Blakely, GA 39823 - Sands Investment Group
03            INVESTMENT SUMMARY
                   • Investment Summary
                   • Income & Expenses
                   • Investment Highlights

06            AREA OVERVIEW
                  • Location Map
                  • Aerial & Retail Maps
                                                                                                                                                                                                                              Actual Property Image

                  • City Overview                                                                             Exclusively Marketed By: Sands Investment Group

                                                                                                                Floyd Merritt                                                  Andrew Ackerman
11            TENANT OVERVIEW
                  • Tenant Profiles
                                                                                                                Lic. #162486                                                     Lic. #311619

                                                                                                      770.599.2826 | DIRECT                                               770.626.0445 | DIRECT
                                                                                                        floyd@SIGnnn.com                                                   andrew@SIGnnn.com
13            LEASE ABSTRACT
                  • Rent Roll
                                                                        © 2019 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. Sands Investment
                                                                        Group does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the
                                                                        responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and completeness.
                                                                        Any and all projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance
                                                                        these projections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential
In Cooperation with Sands Investment Group Atlanta, LLC Lic. #H-67374   interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction.
STATION WEST SHOPPING CENTER - Multi-Tenant Lease Investment Opportunity 11510 Columbia Street | Blakely, GA 39823 - Sands Investment Group
INVESTMENT SUMMARY                                                    Actual Property Image
                                    OFFERING SUMMARY
                     PRICE                               $1,800,000
                     CAP                                      9.2%
                     NOI                                  $165,697
                     PRICE PER SF                           $22.07

                                    PROPERTY SUMMARY
                     ADDRESS                  11510 Columbia Street
                                                  Blakely, GA 39823
                     COUNTY                                   Early
                     BUILDING AREA                        81,550 SF
                     LAND AREA                             ~8.7 AC
                     BUILT                     1980, Renovated 2006
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STATION WEST SHOPPING CENTER - Multi-Tenant Lease Investment Opportunity 11510 Columbia Street | Blakely, GA 39823 - Sands Investment Group
INCOME & EXPENSES
                                            PROFIT AND LOSS - 2018          CASH FLOW
                                            Base Rent                         $204,762
                                            Reimbursements
                                                  CAM                           $4,990
                                                  Property Tax                  $4,927
                                                  Property Insurance            $1,081
                                            GROSS INCOME                      $215,760

                                            OPERATING EXPENSES
                                                  Parking Lot Maintenance       $6,900
                                                  Property Insurance            $4,745
                                                  Pro Fees                      $2,500
                                                  Repairs                      $20,000
                                                  Property Taxes               $12,427
                                                  Utilities                     $3,351
                                                  G&A Office                      $140
                                            TOTAL OPERATING EXPENSES           $50,063

                                            NET INCOME                        $ 165,697

                                            ASKING PRICE                     $1,800,000
                                            CAP RATE                             9.21%
    4               Actual Property Image
STATION WEST SHOPPING CENTER - Multi-Tenant Lease Investment Opportunity 11510 Columbia Street | Blakely, GA 39823 - Sands Investment Group
INVESTMENT HIGHLIGHTS                                                                                                               Actual Property Image

                        • 71% Leased to National Tenants
                        • Four Major Tenants Have Occupied this Center For an Average of 18 Years
                        • Station West is ~1/3 Mile From Town Square and 1 Block From Pioneer Hospital & Early County High School
                        • Blakely is the County Seat of Early County
                        • Property is Located One Block from the Town Square, Convenient for Area Traffic and Day Time Employment
                        • Value-Add Potential By Leasing 19,000 SF of Available Space
                        • Nearest Walmart is 30-Miles Away in Dothan, AL - Low Competition from Big Box Retail
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STATION WEST SHOPPING CENTER - Multi-Tenant Lease Investment Opportunity 11510 Columbia Street | Blakely, GA 39823 - Sands Investment Group
LOCATION MAP

                              Station West

               Station West

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STATION WEST SHOPPING CENTER - Multi-Tenant Lease Investment Opportunity 11510 Columbia Street | Blakely, GA 39823 - Sands Investment Group
AERIAL MAP

                               Early County
                               Middle School
                                                  Early County
                                                  High School

                        reet
                    a St
                 mbi
              olu
             C

                                               Station West
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STATION WEST SHOPPING CENTER - Multi-Tenant Lease Investment Opportunity 11510 Columbia Street | Blakely, GA 39823 - Sands Investment Group
RETAIL MAP

                      Early County
                      High School

             Station West
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STATION WEST SHOPPING CENTER - Multi-Tenant Lease Investment Opportunity 11510 Columbia Street | Blakely, GA 39823 - Sands Investment Group
RETAIL MAP
                                  SUBJECT PROPERTY DEMOGRAPHICS

                                                             3 Mile    5 Mile    10 Mile

                                  Population                  4,956     5,697     7,871

                                  Average Household Income   $46,867   $47,674   $49,287

                                                              Station West
             Co
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STATION WEST SHOPPING CENTER - Multi-Tenant Lease Investment Opportunity 11510 Columbia Street | Blakely, GA 39823 - Sands Investment Group
CITY OVERVIEW                           ABOUT THE CITY
                                        The town of Blakely is the county seat of Early County,
                                        Georgia. Blakely is a quintessential small town. Home to
                                        nearly 6,000 inhabitants, life here moves at a slower pace.
                                        Blakely is nicknamed "The Peanut Capital of the World”.
                                        Blakely is the base of the Early County School System,
                                        which has a newly renovated football stadium and
                                        gymnasium. Blakely also opened a new sportsplex, named
                                        in memorial and honor of local coach Ray Knight. It has
                                        multiple softball, baseball, and multi-purpose fields. The
                                        economy of Blakely, GA employs 1,406 people. The
                                        economy of Blakely is specialized in Agriculture, Forestry,
                                        Fishing, Hunting, Educational Services and Manufacturing.

                 BLAKELY COURTHOUSE     Blakely may look like a quaint little farming town, but it’s
                                        filled with exciting activities around every corner. With
                                        numerous historical sites, independent restaurants,
                                        boutique shopping, and outdoor fun, there's something for
                                        everyone. Blakely has plenty of outdoor recreation from
                                        hiking around Indian mounds to fishing and exploring
                                        creeks. Visit the ancient Kolomoki Indian Mounds, the
                                        Coheelee Creek covered bridge and an authentic wooden
                                        Confederate flagpole in Courthouse Square which was
                                        erected in 1861 and it’s the last one of its kind. History is
                                        alive and well in Blakely. Visit the Early County Museum for
                                        a step back into the past. Built around 1905, the Early
                                        County Courthouse is listed on the National Register of
                                        Historic Places. Blakely is also famous for its Peanut Proud
                                        Festival. Every March, the festival is celebrated with a 5K, a
                                        parade and of course different foods that involve peanuts.

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11              PEANUT PROUD FESTIVAL
TENANTPROFILES
TENANT  PROFILE

                  Fred’s Inc. and subsidiaries operate in 15 states in the            Founded by Sherwin Glass in 1949 as a hometown store in
                  southeastern United States with 304 full-service pharmacy           Soperton, Georgia, Home Furniture has since become one of the
                  departments located within Fred’s stores, including four            fastest growing furniture retailers, with over 200 locations
                  franchised locations. Additionally, Fred’s Inc. has 57 Xpress       throughout the Southeast.
                  pharmacy locations, three specialty pharmacy locations and more
                  than 650 discount general merchandise stores chain-wide. Fred's     Today, Farmers Home Furniture is one of the top furniture
                  stocks more than 12,000 frequently purchased items addressing       companies in the country and one of the largest privately owned
                  the daily needs of its customers.                                   companies based in Georgia. The company is committed to
                                                                                      providing their customers with the best possible service and
                  Fred’s Inc. owns and operates two additional chains, Getwell Drug   selection -that is why the company tailors each store to its
                  & Dollar and Yazoo Trading Company. Getwell Drug & Dollar is a      designated town, matching product selection to the customers.
                  pharmacy destination that also offers over-the-counter medication
                  and individualized patient care. Locations across Alabama,          Each location is committed to providing customer high-quality
                  Tennessee, Georgia and Mississippi also feature more than 1,700     name brand merchandise along with superior service. By growing
                  one-dollar items. Yazoo Trading Company offers hardware, auto,      the business one customer relationship at a time. Farmers Home
                  and pet and animal supplies. Five locations across Alabama,         Furniture has earned generations of repeat buyers. The company
                  Tennessee and Georgia also provide basic home project needs.        wants to keep customers and employees for life.

                  TYPE                                             NASDAQ: FRED       TYPE                                                    Private

                  FOUNDED                                                     1947    FOUNDED                                                   1949
                  # OF LOCATIONS                                              628+    # OF LOCATIONS                                           250+
                  HEADQUARTERS                                        Memphis, TN     HEADQUARTERS                                        Dublin, GA

                  WEBSITE                                       www.fredsinc.com      WEBSITE                          www.farmershomefurniture.com
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RENT ROLL

            Citi Trends is an American retail clothing chain. The company      Roses was purchased by Variety Wholesalers Inc. in 1997 and the
            opened its first store in Savannah, Georgia in 1958 under the      company's Roses Division has approximately 400 stores which
            name Allied Department Stores. The company began renaming its      compete chiefly with Kmart and Wal-Mart. Roses has stores in
            stores Citi Trends in 2000, and officially became Citi Trends in   fifteen states, primarily in the South. In 2010, the Roses Division
            2001.                                                              began expanding beyond its original base of stores in the South,
                                                                               opening stores in Pennsylvania, Ohio and Indiana.
            Citi Trends is a value-priced retailer of urban fashion apparel,
            shoes, accessories and home décor for the entire family. The       Roses is committed to offering great quality items at tremendous
            stores merchandise are designed to appeal to the preferences of    savings, without the need for constant couponing or chasing down
            fashion & value conscious consumers. The store’s goal is to        clearance sales. Roses knows their customers and recognize that
            provide merchandise at discounts to department and specialty       they work hard for their money. With new products on their shelves
            stores’ regular prices of 20% to 70%. The chain is known for       every day—including apparel and shoes for the entire family,
            targeting urban, lower-income customers. Citi Trends’ buyers       accessories, home furnishings and décor, toys, health & beauty
            source merchandise from over 1,800 vendors to deliver quality      products, and other household needs, Roses is a place to discover
            fashion product at outstanding value for our customers. The        something new. Roses’ goal is to make their customers life better
            company      operate 550+ stores in 31 states and employs          by being the best neighborhood store for family shopping through
            approximately 5,600 people.                                        everyday values and remarkable surprises.

            TYPE                                           NASDAQ: CTRN        TYPE                                                    Subsidiary

            FOUNDED                                                    1958    FOUNDED                                                      1915
            # OF LOCATIONS                                            550+     # OF LOCATIONS                                               400+
            HEADQUARTERS                                  Savannah, Georgia    HEADQUARTERS                            Henderson, North Carolina

            WEBSITE                                     www.cititrends.com     WEBSITE                              www.rosesdiscountstores.com
12
RENT ROLL
                              TENANT                   SQUARE      % OF     ANNUAL       RENT /    RENTAL                   LEASE        LEASE
            UNIT                                                                                                CAM                                 OPTIONS
                               NAME                   FOOTAGE     TOTAL    BASE RENT       SF     INCREASE                  BEGIN         END

                                                                                                   3% Over
             908    Allied Fashion Inc. Citi Trends   10,000 SF   12.26%   $36,999.96    $3.70                $1,798.32   09/01/2000   08/31/2020   1 x 5 Year
                                                                                                  1,233,333

             906          Farmers Furniture           14,800 SF   18.15%   $44,400.00    $3.00                  0.00      09/14/2000   09/13/2026     None

             904              Fred’s Inc              18,200 SF   22.32%   $61,650.00    $3.39                  0.00      07/01/2000   09/30/2020     None

             903            Kizzy Gordon              1,600 SF    1.96%    $11,160.00    $6.98                  0.00      09/01/2017   08/31/2018     None

                                                                                                                                        Month to
             909             William Hall             1,200 SF    1.47%     $6,000.00    $5.00                  0.00      04/01/2017                  None
                                                                                                                                         Month

             910             William Hall             1,200 SF    1.47%     $6,000.00    $5.00                $3,031.86   10/05/2016   12/03/2019    1 Year

             907    Variety Wholesale Store #1834     15,200 SF   81.64%   $37,239.96    $2.45                $4,830.18   09/30/1999   05/17/2021     None

                         TOTAL OCCUPIED               62,200 SF   76.27%   $203,449.92

             901               Vacant                 6,500 SF    7.97%    $19,200.00    $2.95

             902               Vacant                 3,200 SF    3.92 %   $10,800.00    $3.38

             905               Vacant                 8,450 SF    10.36%   $33,800.04    $4.00

             911               Vacant                 1,200 SF    1.47%     $8,400.00    $7.00

            TOTAL VACANT / POTENTIAL INCOME           19,350 SF   23.73%   $72,200.04

                    GROSS POTENTIAL INCOME            81,550 SF   100%     $275,649.96
13
13
CONFIDENTIALLY AGREEMENT

                           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 Sands Investment Group and should not be made available to any other person or entity without the written
                           consent of Sands Investment Group.

                           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, 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, Sands
                           Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group 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.

                           By receipt of this Memorandum, you agree that this Memorandum and its contents
                           are of confidential nature, that you will hold and treat it in the strictest confidence and
                           that you will not disclose its contents in any manner detrimental to the interest of the
                           Owner. You also agree that by accepting this Memorandum you agree to release
                           Sands Investment Group and hold it harmless from any kind of claim, cost, expense,
                           or liability arising out of your investigation and/or purchase of this property.

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Exclusively Marketed By:

                      Floyd Merritt
                      Lic. #162486

             770.599.2826 | DIRECT
               floyd@SIGnnn.com

                 Andrew Ackerman
                   Lic. #311619

            770.626.0445 | DIRECT
             andrew@SIGnnn.com

       Sands Investment Group
  1501 Johnson Ferry Road, Suite 200
         Marietta, GA 30062
           844.4.SIG.NNN

                   www.SIGnnn.com

In Cooperation with Sands Investment Group Atlanta, LLC Lic. #H-67374   Actual Property Image
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