FRED’S SUPER DOLLAR 340 Virginia Ave | Daleville, AL 36322...fred’s super dollar | 340 virginia...

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TABLE OF CONTENTS

INVESTMENT OVERVIEW

REPRESENTATIVE PHOTO

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Property Overview

Area Demographics

Tenant Overview

Location Overview

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DISCLAIMERAll materials and information received or derived from B Plus E LLC, its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither B Plus E LLC, its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party B Plus E LLC will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. B Plus E LLC makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. B Plus E LLC does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by B Plus E LLC in compliance with all applicable fair housing and equal opportunity laws.

CONTACT INFO

Spencer Henderson 415.315.9287

[email protected]

Scott Scurich415.302.6498

[email protected]

Jon Nesbitt AL #: 47101962

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PROPERTY OVERVIEW

PAGE 4 NEW YORK | TAMPA | SAN FRANCISCO | BENETLEASE.COM

AnnualFred’s Rent $72,000Subway Rental Income $9,600Total Income $81,600 Annual Property taxes $3,562.25 Annual Insurance $2,782.56 Annual Lot Maintentence $900Total Annual Expenses $7,244.81NOI $74,355

INVESTMENT HIGHLIGHTS

NOI $74,355Lease Structure NNBuilding SF +/-17,400RPSF $4.13Original Lease Term 7 YearsRemaining Term 3 YearsRenewal Options 1; 5 Year Parking +/- 40Termination Options None

340 Virginia Ave | Daleville, AL 363224 Mile Distance to Major Military BaseFort Rucker also known as the Home of Army Aviation, has a military population of over +/- 50,000. It is also the home of the US Army Aviation Technical Test Center which conducts aircraft testing for Army Aviation.

Immediately Adjacent to Industry Leading Flight SchoolFlightSafety International is “The World Leader in Professional Aviation Training and Simulation Systems”. This is one of their 30 locations in North America.

Located on Main East/West Transportation RouteHighway 84 is the main east/west route through southern Alabama.

Annual Income Increased by Subway Co-tenancy Subway not only diversifies annual rent but also drives traffic to the Subject Property.

FINANCIAL OVERVIEW

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PROPERTY PICTURES


340 Virginia Ave | Daleville, AL 36322

AREA MAP340 Virginia Ave | Daleville, AL 36322


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DEMOGRAPHICS MAP

POPULATION 5 Miles 10 Miles 15 Miles

Total Population 13,762 56,284 91,076

Median Age 34.5 35.2 37.0

Median Age (male) 32.1 33.1 34.9

Median Age (Female) 36.5 37.0 39.0

HOUSEHOLDS & INCOME 5 Miles 10 Miles 15 Miles

Total Households 5,542 21,753 35,726

# of Persons/HH 2.5 2.6 2.5

Average HH Income $52,841 $58,315 $56,210

Average House Value $127,820 $135,619 $137,372


340 Virginia Ave | Daleville, AL 36322

TENANT OVERVIEW


Fred’s Inc. (NASDAQ: FRED, “Fred’s”) Tracing its history back to an original store in Coldwater, Mississippi, opened in 1947, today Fred’s Inc. is headquartered in Memphis, Tennessee, and operates 601 general merchandise and pharmacy stores, including 14 franchised locations, and three specialty pharmacy-only locations. With a unique store format and strategy that combines the best elements of a value-focused retailer with a healthcare-focused drug store, Fred’s stores offer more than 12,000 frequently purchased items that address the everyday needs of its customers and patients. This includes nationally recognized brands, proprietary Fred’s label products, and a full range of value-priced selections. The Company has two distribution centers, one in Memphis, Tennessee, and Dublin, Georgia.

Tenant SummaryTenant Name Fred’s Super DollarFounded 1947Number of Locations 628Total Revenue $2.13BStock Ticker FREDHeadquarters Memphis, TennesseeWebsite https://www.fredsinc.com/

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LOCATION OVERVIEW

340 Virginia Ave | Daleville, AL

Also known as the “City of Possibilities” and home of Fort Rucker, Daleville is a charming town in southeast Alabama. Daleville is proud of its excellent school system, year-round recreational activites, quality healthcare providers, and a great downtown culture. In addition the beautiful because of the Gulf of Mexico are a short drive away. Daleville is Fort Rucker’s closest neighbor and supporter of the high level training that army canidates recieve at the hi-tech aviation centers located in the town. Over 50,000 military members and their families live on base that enjoy everything Daleville has to offer.

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Tampa2303 N. Florida Ave,

Tampa, FL 33602

New York261 Madison Ave,

9th Floor,New York, NY 10016

San Francisco303 Sacramento Street,

4th Floor, San Francisco, CA 94111

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FRED’S SUPER DOLLAR 340 Virginia Ave | Daleville, AL 36322...fred’s super dollar | 340 virginia...

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