Millenia Partners Presentation Tractor Proof · 2017. 5. 11. · [email protected] |...

TRACTOR SUPPLY | Florida Panhandle19962 Central Avenue West | Blountstown, FL 32424 | $1,447,861

OFFERINGMEMORANDUM

[ ACTUAL SITE PHOTO ]

JAMES BRONSON REA | Millenia [email protected] | 310.910.1031 | 407.288.7222 |

DISCLAIMER

The statements and figures herein are secured from sources we believe authoritative. References to square footage or age are approximate. This summary is for information only and does not constitute all or any part of an offer or contract. Buyer must verify all information and bears all risk for any inaccuracies. Seller does not warrant any inaccuracies and pricing is subject to change.

Disclaimer | Confidentiality

The material contained in this Investment Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of Millenia Partners V, LLC or Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Property Owner (“Owner”) in connection with the sale of the Property is Millenia Partners V, LLC listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Investment Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to Millenia Partners. Neither Millenia Partners V, LLC nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future performance of the Property.

This Offering Brochure may include certain statements and estimates by Millenia Partners with respect to the projected future performance of the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, Millenia Partners V, LLC and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Investment Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warran-ties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or Millenia Partners V, LLC, nor any of their officers, employees, repre-sentatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Investment Offering Brochure are advised and encour-aged to conduct their own comprehensive review and analysis of the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Investment Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and Millenia Partners V, LLC from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk

FL Broker of Record, Brian G. Grandstaff, Lic#BK655625FL Licensed Real Estate Agent, James B. Rea, Lic#SL698121


INVESTMENTHIGHLIGHTS

The statements and figures herein are secured from sources we believe authoritative. References to square footage or age are approximate. This summary is for information only and does not constitute all or any part of an offer or contract. Buyer must verify all information and bears all risk for any inaccuracies. Seller does not warrant any inaccuracies and pricing is subject to change.* https://www.forbes.com/sites/kathryndill/2016/03/23/inside-tractor-supply-co-s-6-billion-amazon-proof-business/#2925d2327474

Florida Income Tax Free State

Tractor Supply is Publicly Traded: NASDAQ (TSCO)

New Corporate Location Opened April 2016

Blocks from Central Business District

Sole Retail Option for Large Lumber and AgricultureCommunity – Nearest Wal-Mart is 30 mins Away

Below Replacement Cost



Amazon Resistant Retailer*

Excellent Price Point & Risk Adjusted Return Option

Blountstown is a County Seat City

In Path of South GA & FL Weekend Beach Travelers

56 minutes east of the Northwest Florida BeachesInternational Airport Located in Panama City, FL

Large 3.32 Acre Parcel

https://www.forbes.com/sites/kathryndill/2016/03/23/inside-tractor-supply-co-s-6-billion-amazon-proof-business/#2925d2327474


INVESTMENTSUMMARY



LEASE TERM

Primary Term Year 1-5Primary Term Year 6-10Five Year Option 1Five Year Option 2Five Year Option 3Five Year Option 4

TERM START

4.23.20165.01.20215.01.20265.01.20315.01.20365.01.2041

TERM END

4.30.20214.30.20264.30.20314.30.20364.30.20414.30.2046


RETAIL CONCEPT:PARCEL ID #:

ADDRESS:PRICE:

LAND SIZE:BUILDING SIZE:

YEAR BUILT:LEASE TYPE:

TENANT NAME:GUARANTOR:

ORIGINAL LEASE TERM:LEASE TERM REMAINING:LEASE COMMENCEMENT:

LEASE EXPIRATION:RENEWAL OPTIONS:

RIGHT OF FIRST REFUSAL:PURCHASE OPTION:

ASSIGNMENT PROVISIONS:REPORTING REQUIREMENTS:

Tractor Supply2 Parcels (32-1N-08-0000-0024-0000 & 32-1N-08-0260-0026-1000)19962 Central Ave W, Blountstown, FL 32424$1,447,8613.32 Acres / 144,619 SqFt25,616 SqFt2008 & Remodeled in 2016Fee Simple Double NetTractor Supply Company, a Delaware CorporationNone Needed - Publicly Traded10 Years8 YearsApril 23rd, 2016April 30th, 2026Four (4) Five (5) Year30 DaysNoneNoneNone Needed - Publicly Traded Company Reports AvailableNASDAQ: (TSCO)


TENANT & MARKETSUMMARY


Founded in 1938, Tractor Supply Co. began as a mail order catalog for tractor parts. In the following year the first Tractor Supply Co. store opened its doors to the public in Minot, North Dakota. Now, Tractor Supply Co. has over 1,738 stores in 49 states and is America’s largest operator of rural lifestyle stores in the country.

Tractor Supply Co. has an approximate annual net sales of around $6.8 billion dollars and net income of $437 million dollars. Tractor Supply stores typically range in size from 15,000 to 20,000 square feet of inside selling space, along with additional outside selling space . By focusing our product assortment on these core customers, Tractor Supply is differentiated from general merchandise, home center and other specialty retailers. They cater to the rural lifestyle and often serve a market by being a trip consolidator for many basic maintenance needs for farm, ranch and rural customers. Their target customers are home, land, pet and livestock owners who generally have above average income and below average cost of living.

We seek to serve a customer base that primarily lives in towns outlying major metropolitan markets and in rural communities. This customer base includes recreational farmers and ranchers and others who enjoy the rural lifestyle, as well as tradesmen and small businesses. In a world where many retail chains are being threatened by internet retailers such as Amazon, only 1% of Tractor Supply Co.’s revenue was a result of e-commerce.

http://ir.tractorsupply.com/CustomPage/Index?keyGen-Page=1073749530&cm_sp=footer-_-about+us+tabhttps://www.forbes.com/sites/kathryndill/2016/03/23/in-side-tractor-supply-co-s-6-billion-amazon-proof-business/#2925d2327474

Blountstown was founded in 1903 and is the county seat of Calhoun County. It is located 50 miles west of Tallahassee the state capital and 50 miles east of the beautiful vacation destination of Panama City Beach, FL.

It is named after John Blount, a Creek Indian Chief who served as a guide for General Andrew Jackson during his invasion of the Spanish Florida in 1818 which caused the US to purchase Florida from Spain. As of the 2010 US Census the rural population increased to 2,514.

The city is located along the Apalachicola River, formed on the GA & FL state line by the confluence of the Flint and Chattahoochee Rivers and hosts recreational activities for the community such as boating, fishing, canoeing, and kayaking. Blountstown also sees a large number of weekend beach travelers who are headed to Panama City Beach.

Founded in 1838, Calhoun County Florida is a mostly rural region located in the Northwest region of Florida. The estimated 2016 population for Calhoun County was around 14,580 with about 25.7 people per square mile. Trade, transportation, and utilities make up the largest portion of establishments in Calhoun County at around 23.5% followed by Construction, Education and Health Services, Government, and Natural Resources and Mining. Calhoun County has over 74 times the national average amount of Forestry and logging employment.

http://edr.state.fl.us/content/area-profiles/county/Calhoun.pdfhttps://data.bls.gov/location_quotient/ControllerServlethttp://www.calhouncountyfl.org/about-us.html


http://ir.tractorsupply.com/CustomPage/Index?keyGenPage=1073749530&cm_sp=footer-_-about+us+tab

https://www.forbes.com/sites/kathryndill/2016/03/23/inside-tractor-supply-co-s-6-billion-amazon-proof-business/#2925d2327474

http://edr.state.fl.us/content/area-profiles/county/Calhoun.pdf

https://data.bls.gov/location_quotient/ControllerServlet

http://www.calhouncountyfl.org/about-us.html




TRAFFIC GENERATORS&

EMPLOYMENT DRIVERS

CountyCourthouse

BlountstownMiddle School

Central Avenue - 10,000 Cars Daily

Main

Stre

et - 8

,600 C

ars D

aily

EXTERIOR/INTEIOR

PHOTOS



[ ACTUAL SITE PHOTOS ]



CONFIDENTIALITYAGREEMENT


CONFIDENTIALITY AGREEMENT

This Confidentiality Agreement ("Agreement") is made and effective immediately, by and between Millenia Partners V, LLC ("Broker") and ____________________________________("Recipient").

1. Confidential Information: Broker has disclosed and proposes to disclose certain confidential and proprietary information related to a Tractor Supply Development(s) (the "Confidential

Information") to Recipient. Confidential Information shall include, but is not limited to, all data, materials, products, specifications, manuals, business plans, marketing plans, financial

information, and other information disclosed or submitted, orally, in writing, or by any other media, to Recipient by Broker. Nothing herein shall require Broker to disclose any of its

information.

2. Recipient's Obligations: A). Recipient agrees that the Confidential Information is to be considered confidential and proprietary to Broker and Recipient shall hold the same in confidence,

shall not use the Confidential Information other than for the purposes of its business with Broker, and shall disclose it only with the prior written approval of the Broker to any third party,

agent, person and/or entity. Recipient will not disclose, publish or otherwise reveal any of the Confidential Information received from Broker to any other party whatsoever except with the

specific prior written authorization of Broker. B). Confidential Information furnished in tangible form shall not be duplicated by Recipient except for purposes of this Agreement. Upon the

request of Broker, Recipient shall return all Confidential Information received in written or tangible form, including copies, or reproductions or other media containing such Confidential

Information, within ten (10) days of such request. At Recipient's option, any documents or other media developed by the Recipient containing Confidential Information may be destroyed

by Recipient.

3. Term: The obligations of Recipient herein shall be effective for a period of one (1) year from the date Broker last discloses any Confidential Information to Recipient pursuant to this

Agreement. Further, the obligation not to disclose shall not be affected by bankruptcy, receivership, assignment, attachment or seizure procedures, whether initiated by or against

Recipient, nor by the rejection of any agreement between Broker and Recipient, by a trustee of Recipient in bankruptcy, or by the Recipient as a debtor-in-possession or the equivalent of

any of the foregoing under local law.

4. No Publicity: Recipient agrees not to disclose its participation in this undertaking, the existence or terms and conditions of the Agreement, or the fact that discussions are being held with

Broker.

5. Final Agreement: This Agreement terminates and supersedes all prior understandings or agreements on the subject matter hereof. This Agreement may be modified only by a further writing that is duly executed by both parties.

6. Severability: If any term of this Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, then this Agreement, including all of the remaining terms, will remain in full force and effect as if such invalid or unenforceable

term had never been included.

7. Notices: Any notice required by this Agreement or given in connection with it, shall be in writing and shall be given to the appropriate party by personal delivery or by Federal Express overnight delivery services.

If to Broker: If to Recipient:

MILLENIA PARTNERS V, LLC ________________________________________________

4192 Conroy Road, Suite 110 ________________________________________________

Orlando, Florida 32839 ________________________________________________

8. No Implied Waiver: Either party's failure to insist in any one or more instances upon strict performance by the other party of any of the terms of this Agreement shall not be construed as

a waiver of any continuing or subsequent failure to perform or delay in performance of any term hereof.

9. Headings: Headings used in this Agreement are provided for convenience only and shall not be used to construe meaning or intent.

IN WITNESS WHEREOF, the parties have executed this Agreement on this the _________day of____________________, 2017.

Broker: ___________________________________________ (Print) ___________________________________________ (Sign)

Principal: __________________________________________ (Print) ___________________________________________ (Sign)


Millenia Partners Presentation Tractor Proof · 2017. 5. 11. · [email protected] |...

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