110 N CENTER ROAD HARTSVILLE, SC 29550€¦ · • A rich cultural heritage is celebrated with art...

110 N CENTER ROAD HARTSVILLE, SC 29550

JESSE LONG

PRINCIPAL/BIC

CELL | 770.653.9400

FAX | 843.414.5209

[email protected]

CATHERINE VAUGHN

BROKER

CELL | 843.437.7310

FAX | 843.414.5209

[email protected]

JESSE LONG | PRINCIPAL/BIC

CELL | 770.653.9400

FAX | 843.414.5209

[email protected]


TA B L E O F C O N T E N T S

SECTION ILocation Map

Investment Highlights

Investment Details

Aerial Map

Site Plan

SECTION IIDemographics Map

Demographics

Traffic Count Map

Area Overview

Tenant Profile

SECTION III

DISCLAIMER


CELL | 770.653.9400

FAX | 843.414.5209

[email protected]

CATHERINE VAUGHN | BROKER

CELL | 843.437.7310

FAX | 843.414.5209

[email protected]


*representation of property


CELL | 770.653.9400

FAX | 843.414.5209

[email protected]


L O C AT I O N M A P


CELL | 843.437.7310

FAX | 843.414.5209

[email protected]

73 Miles to Columbia SC State Capital

87 Miles to Charlotte

135 Miles to Charleston

88 Miles to Myrtle Beach


CELL | 770.653.9400

FAX | 843.414.5209

[email protected]


L O C AT I O N M A P


CELL | 843.437.7310

FAX | 843.414.5209

[email protected]


CELL | 770.653.9400

FAX | 843.414.5209

[email protected]


I N V E S T M E N T H I G H L I G H T S

• Fundamental Real Estate - Located at a full

access, lighted intersection on N Center Road

and Hwy 34

• Limited Competition – closest Dollar Store is

over 5 miles away

• Hartsville is in Darlington County and is a part of

the Florence MSA (pop. 209,000)

• Over 15,000 Vehicles Per Day on Hwy 34

• Absolute 15 year NNN

• Corporate Guarantee

• Home of Coker College and South Carolina

Governor’s School for Science and

Mathematics

• Hartsville is home to several major

corporations including Sonoco Products

Company (NYSE: SON) – a Fortune 500

Company with $4.9 Billion in annual sales as well

as Duke Energy, H. B. Robinson Nuclear

Generating Station, Novolex, and Stingray Boats

• Surrounding residential and businesses all

within a mile serve as excellent traffic generators


CELL | 843.437.7310

FAX | 843.414.5209

[email protected]

Tenant Dollar General

Building Size 9,100 SF

Primary Lease Term 15 years

Lot Size 2 acres

Option Five, 5 year renewals

Lease Type NNN

Landlord Responsibilities Zero

Ownership Fee Simple

Annual Rent $90,012

Rent Increases 10% at each option period

Cap Rate 6.70%

Sale Price $1,343,462

1 Mile 3 Mile 5 Mile

Population 381 2,430 8,000

Average HH

Income

$50,150 $53,296 $51,814


CELL | 770.653.9400

FAX | 843.414.5209

[email protected]


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:

110 N Center Road

Hartsville, SC 29550

Year Built:

February 2018

Land size:

2.0 acres

Property Type:

Single Tenant Retail

Purchase Price:

$1,343,462

Cap Rate:

6.7%

Tenants:

1

Total Rentable SF:

9,100

Net Operating Income:

$90,012

Monthly Net

Operating Income:

$7,501

Guarantor:

Dolgencorp, LLC


CELL | 843.437.7310

FAX | 843.414.5209

[email protected]


CELL | 770.653.9400

FAX | 843.414.5209

[email protected]


CELL | 843.437.7310

FAX | 843.414.5209

[email protected]

A E R I A L


South Auto Parts

Lowe’s

Warehouse

Darlington Co

Fire District

Tadlock’s Painting

Rock Company

E Bobo Newson

Hwy 15,200 VPD


CELL | 770.653.9400

FAX | 843.414.5209

[email protected]


CELL | 843.437.7310

FAX | 843.414.5209

[email protected]

A E R I A L



CELL | 770.653.9400

FAX | 843.414.5209

[email protected]


CELL | 843.437.7310

FAX | 843.414.5209

[email protected]

A E R I A L


SITE OF NEW

DOLLAR GENERAL

ON N CENTER RD

8.3 Miles Away

5.1 Miles Away


CELL | 770.653.9400

FAX | 843.414.5209

[email protected]


S I T E P L A N


CELL | 843.437.7310

FAX | 843.414.5209

[email protected]


CELL | 843.437.7310

FAX | 843.414.5209

[email protected]

AVERAGE DAILY TRAFFIC 1 – 3 – 5 MILE RADIUS COUNT

CELL | 770.653.9400

FAX | 843.414.5209

A R E A O V E R V I E W H A R T S V I L L E , S O U T H C A R O L I N A


CELL | 843.437.7310

FAX | 843.414.5209

[email protected]

Hartsville, SC

Coker is located in Hartsville, S.C. and was awarded 2016

All-America City. The All-America City award is given by the

National Civic League annually to ten communities in the

United States. It recognizes those whose citizens work

together to identify and tackle community-wide challenges

and achieve uncommon results. All-America is the oldest

community recognition program in the nation. Hartsville is

located in the northeastern region of the state. Greater

Hartsville has a population of 28,000. Hartsville is 25 miles

from air and rail service in Florence, S.C. where I-95 and I-20

intersect. Myrtle Beach and the Grand Strand are 90 miles

away; Columbia, the state capital, is 75 miles away; and

Charlotte, N.C., is 80 miles away.

Although it is a bustling community, Hartsville is a

manageable small city, with the center of downtown -- shops,

a movie theater, restaurants, the county library, police

department and museum -- within two or three blocks of

campus. An abundance of trees, traditional neighborhoods

and historic homes make Hartsville one of the most attractive

towns in South Carolina.

Hartsville is home to several major corporations including Sonoco Products Company and Duke Energy Progress. It’s also home to

nationally-ranked Coker College and the South Carolina Governor's School for Science and Mathematics.

www.hartsvillechamber.org

CELL | 770.653.9400

FAX | 843.414.5209

E C O N O M I C O V E R V I E W H A R T S V I L L E , S C


CELL | 843.437.7310

FAX | 843.414.5209

[email protected]

Hartsville is a unique town: home to a multi-billion dollar

American manufacturer Sonoco, a nationally recognized 100-

year old, nationally-ranked liberal arts college Coker College and

the South Carolina Governor's School for Science and

Mathematics.

Sonoco

Sonoco is a multi-billion dollar global provider of consumer

packaging, industrial products, protective solutions and display

and packaging services. From its headquarters in Hartsville, S.C.,

and more than 335 operations in 33 countries, Sonoco produces

packaging for a variety of industries and many of the world’s most

recognized brands, serving customers in 85 nations.

The future remains bright for the Fortune 500 Company that has

its global headquarters in Hartsville, where it oversees 19,900

employees at 347 sites in 34 countries.

A recent economic impact study found that Sonoco impacts the

state to the tune of $1 billion annually.

The South Carolina Governor's School for Science and Mathematics is an innovative high school for academically motivated juniors

and seniors pursuing studies in science, technology, engineering and math—one of only 12 specialized, residential high schools in the

nation. GSSM offers a well-rounded education that places special emphasis on science and mathematics. The course work is hands-on:

small classes, extended field trips, directed laboratory investigation and mentored research to show students the practical applications of

their studies.

Coker College

Founded in 1908, Coker is a bachelor’s and master’s degree-granting institution and competes in 21 NCAA Division II sports. Coker is

ranked among the "Best Colleges" in the South by U.S. News & World Report as well as The Princeton Review, and by Washington Monthly

as No. 2 in South Carolina for value.

www.hartsvillechamber.org

CELL | 770.653.9400

FAX | 843.414.5209

E C O N O M I C O V E R V I E W S O U T H C A R O L I N A


CELL | 843.437.7310

FAX | 843.414.5209

[email protected]

www.scchamber.net

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

CELL | 770.653.9400

FAX | 843.414.5209CATHERINE VAUGHN | BROKER

CELL | 843.437.7310

FAX | 843.414.5209

[email protected]

Dollar General Corporation has been

delivering value to shoppers for over 75

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 low everyday prices in

convenient neighborhood locations.

With over 14,000 stores in 44 states.

Dollar General has more retail locations in

the U.S. than any other discount retailer.

In addition to high quality private brands,

Dollar General sells products from

America’s most-trusted manufacturers

such as Procter & Gamble, PepsiCo,

Coca-Cola, Nestle, General Mills,

Unilever, Kimberly-Clark, Kellogg’s and

Nabisco. Learn more about Dollar

General and shop online at:

www.dollargeneral.com

Net Income 2016:

$1.25 Billion

Same Store Sales

Increased .9% for

2016 (2.6% for 2nd

Quarter 2017)

S&P Credit: BBB

Investment

Ranked #139

Fortune 500 List

Full Year 2016

Net Sales

Increased 7.9%

Gross Profit

Rate 30.6%for

2016

http://www.dollargeneral.com/


CELL | 770.653.9400

FAX | 843.414.5209

[email protected]

[ D I S C L A I M E R ]

The information provided and to be provided with respect to property being marketed was obtained from variety of sourcesand OWNER HAS NOT MADE ANY INDEPENDENT INVESTIGATION OR VERIFICATION OF THE INFORMATION PRESENTED OR TO BEPRESENTED WITH RESPECT TO THE PROPERTY. OWNER AND ITS AGENTS MAKE NO REPRESENTATIONS OR WARRANTIES AS TOTHE 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 investigationregarding these matters. Birchin Lane makes no guarantee, warranty or representation whatsoever about the accuracy orcompleteness of any information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility toindependently confirm the accuracy and completeness of all material information before completing any purchase. ThisOffering Memorandum is not a substitute for your thorough due diligence investigation of this investment opportunity. BirchinLane 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 currentor 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 netleased property to determine to your satisfaction with the suitability of the property for your needs. Like all real estateinvestments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefullyreview all legal and financial documents related to the property and tenant. Returns are not guaranteed. By accepting thisOffering 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.


CELL | 843.437.7310

FAX | 843.414.5209

[email protected]

110 N CENTER ROAD HARTSVILLE, SC 29550€¦ · • A rich cultural heritage is celebrated with art...

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