BI-LO - Hartsville, SC€¦ · October 2015, the company operates 164 supermarkets under the BI-LO brand in South Carolina, North Carolina and Georgia. Southeastern Grocers LLC, parent

OFFERING MEMORANDUM Absolute Triple Net (NNN) Lease Investment Opportunity

819 West Carolina Ave | Hartsville, SCActual Property Image

03 INVESTMENT SUMMARY• Investment Summary• Investment Highlights

05 AREA OVERVIEW• Location Map• Aerial & Retail Map• City Overview

10 TENANT OVERVIEW • Tenant Profile

11 LEASE ABSTRACT• Lease Summary• Rent Roll

Exclusively Marketed By: Sands Investment Group

© 2018 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. Sands InvestmentGroup does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibilityof 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 allprojections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance theseprojections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential interestedbuyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction.

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Andrew AckermanLic. # 311619

770.626.0445 | [email protected]

Chris SandsLic. # 93103


Clifton McCroryLic. # 99847


In Cooperation with Sands Investment Group Charleston, LLC – Lic # 20891


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OFFERING SUMMARY

PRICE $4,451,613

CAP 7.75%

NOI $345,000

PRICE PER SF $134.91

YEARS REMAINING 7 Years

LEASE GUARANTY Corporate

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PROPERTY SUMMARY

ADDRESS 819 West Carolina Ave

Hartsville, SC 29550

COUNTY Darlington

BUILDING AREA 32,998 SF

LAND AREA 2.7 Acres

BUILT 1989

Investment Summary

Absolute NNNLease

• Absolute NNN Lease – Zero Landlord Responsibilities

• Potential for Additional Income Through Percentage Rent

• Corporate Guarantee from Southeastern Grocers, LLC (Parent Company to BI-LO) – Southeastern Grocersis the 5th Largest Supermarket in the U.S and 2nd Largest in the Southeast

• Strong Sales - 2016 Year End Reported at $14,374,459; $436 Per Square Foot; 2.40% Rent-to-Sales Ratio

• Immediate Proximity to Carolina Elementary School and Hartsville High School

• Hartsville is the Largest City in Darlington County, South Carolina

• Hartsville is Home to Coker College and Florence-Darlington Technical College with Over 7,000 StudentsCombined44

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Hartsville High School

Carolina Elementary School

W Carolina Ave

ThornwellElementary School Lucas Warr & White

Thad E SaleebyDevelopment Center Gandy Dr

Lucky Nails Hong Kong

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W Carolina Ave

W Bobo Newsom HwyS 4 th

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1 Mile 3 Mile 5 Mile

Population 3,855 16,583 22,991

Average Household Income $61,477 $60,401 $59,025

STREET/CROSS ROAD AVERAGE VEHICLES PER DAY

West Carolina Ave 10,483

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Hartsville is the largest city in Darlington County, South Carolinawith a population of 7,768 in 2016. Hartsville was chosen asan All-America City in 2016 and has been the National Arbor DayFoundation Tree City since 1986.

Hartsville is the home of Coker College and a branch of Florence–Darlington Technical College. It is also the home of the SouthCarolina Governor's School for Science and Mathematics, a publicboarding high school.

Being the smallest city in American to be the headquarters of aFortune 500 company, Hartsville is a business-friendly city withlongstanding ties to industry that provides many services for localbusinesses. Hartsville is home to several major corporationsincluding Sonoco Products Company, Duke Energy's H. B.Robinson Nuclear Generating Station, Novolex, and StingrayBoats. The city is served by the Hartsville Regional Airport andU.S. Route 15 bypasses the city to the southeast leadingnortheast 17 miles to Society Hill and 47 miles to Laurinburg,North Carolina, and southwest 40 miles to Sumter.

There are many festivals, parades, and other events that locals ofHartsville look forward to each year. Recreation opportunitiesinclude RenoFest, Hartsville Christmas Parade, and the annualbluegrass festival head at the Centre Theatre. Residents enjoy thenumerous parks located in Hartsville such as Burry Park, ByerlyPark, and Vista Park.

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COMPANY TYPEPrivate

HEADQUARTERSJacksonville, FL

# OF LOCATIONS164

FOUNDED1961

WEBSITEbi-lo.com

EMPLOYEES13,000+

Originally founded in 1961 by Frank Outlaw, BI-LO employs more than13,000 associates who serve customers in grocery stores and in-storepharmacies throughout the three southeastern states of Georgia,North Carolina and South Carolina.

BI-LO is a supermarket chain owned by Southeastern Grocers. As ofOctober 2015, the company operates 164 supermarkets under the BI-LO brand in South Carolina, North Carolina and Georgia.

Southeastern Grocers LLC, parent company and home of BI-LO,Harveys, Winn-Dixie and Fresco y Más grocery stores, is the fifth-largest conventional supermarket chain in the U.S. and the second-largest conventional supermarket in the southeast based on storecount.

These subsidiaries employ more than 50,000 associates who servecustomers in more than 700 grocery stores, liquor stores and in-storepharmacies throughout the seven southeastern states of Alabama,Florida, Georgia, Louisiana, Mississippi, North Carolina, SouthCarolina. BI-LO, Harveys, Fresco y Más and Winn-Dixie are well-knownand well-respected regional brands with deep heritages, strongneighborhood ties, proud histories of giving back, talented and loyalassociates, and strong commitments to providing the best possiblequality and value to customers.

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TLEASE SUMMARY

TENANT BI-LO

PREMISES A Building of Approximately32,998 SF

LEASE COMMENCEMENT June 30, 2005

LEASE EXPIRATION June 30, 2025

LEASE TERM 7 Years Remaining

RENEWAL OPTIONS 4 x 5 Years

RENT INCREASES None

LEASE TYPE Absolute Triple Net (NNN)

USE Grocery

PROPERTY TAXES Tenant’s Responsibility

INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Tenant’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility

UTILITIES Tenant’s Responsibility

RIGHT OF FIRST REFUSAL No


RENT ROLL


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BI-LO 32,998 SF 100% $345,000 $10.46 None 06/30/2005 06/30/2025 4 x 5 Years

The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewedonly by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without thewritten consent of Sands Investment Group.

This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establishonly 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 andsquare footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, thecompliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or businessprospects 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, SandsInvestment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conductedany investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completenessof 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 contentsare of confidential nature, that you will hold and treat it in the strictest confidence andthat you will not disclose its contents in any manner detrimental to the interest of theOwner. You also agree that by accepting this Memorandum you agree to releaseSands 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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Chris SandsLic # 93103


Exclusively Marketed By:

Sands Investment Group1017 Chuck Dawley Blvd, Suite 200

Mount Pleasant, SC 29464844.4.SIG.NNN

www.SIGnnn.com

Andrew AckermanLic # 311619


Clifton McCroryLic # 99847


In Cooperation with Sands Investment Group Charleston, LLC – Lic # 20891

BI-LO - Hartsville, SC€¦ · October 2015, the company operates 164 supermarkets under the BI-LO brand in South Carolina, North Carolina and Georgia. Southeastern Grocers LLC, parent

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