FAMILY DOLLAR NET LEASE INVESTMENT UNION CITY, GA

O F F E R I N G M E M O R A N D U M

N E T L E A S E I N V E S T M E N T G R O U P

REPRESENTATIVE PHOTO

|PAG

E 2 O

F 8FA

MILY D

OLLA

R |

Georgia

O F F E R H I G H L I G H T S

The immediate area surrounding this Union City Family Dollar has minimal dollar store competition. Nearby traffic counts on four lane US Highway 29 exceed 17K vehicles per day. This south Fulton County area, due to proximity to the airport and interstate, has attracted several national firms to its industrial corridor including Newell Rubbermaid, Procter & Gamble, Costco and Dendreon Corporation.

THE

OFFE

RIN

G

• Proven metro Atlanta location near Hartsfield Jackson International Airport and major highways

• NN lease extended through June 2021 with limited landlord responsibilities

• 6 five year extensions• Outstanding store sales of $2M have enabled landlord to

consistently receive percentage rent• Population within 5 miles is 103K with 17K+ vehicles per day• Parking lot restriped in early 2016

Priced: $795,000 or 7.3% cap rate (before percentage rent)

Bull Realty is pleased to offer this established and top performing single tenant Family Dollar net lease investment in Union City, Georgia, part of the Atlanta MSA in Fulton County. This 8,000 SF store, built in 2003, is located on the main highway between Union City and Fairburn, approximately 8 miles from Hartsfield Jackson International Airport and just off Interstate 85.

Family Dollar recently remodeled the store and extended the initial lease term to June 2021. Additionally, six 5 year renewal options remain with 10% rent increases in each option period. Store sales have consistently risen and been high enough for the landlord to receive percentage rent. The actual cap rate based upon percentage rent contribution is significantly higher than the offered 7.3% cap rate.

PopulationHouseholds

Average Household Income

PopulationHouseholds

Average Household Income

PopulationHouseholds

Average Household Income

1 MILE

3 MILES

5 MILES

O F F E R H I G H L I G H T S A R E A O V E R V I E W

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected,subject to change, and/or limited in scope, and therefore should not be relied upon as accurate.

2 0 1 6 D E M O G R A P H I C S ( E s r i ) R E P R E S E N T A T I V E P H O T O

UNION CITYRIVERDALE

MORROW

ATLANTA

3,7911,446

$51,737

37,12013,544

$55,405

103,32738,207

$59,140

|PAG

E 3 O

F 8FA

MILY D

OLLA

R |

Georgia

F I N A N C I A L O V E R V I E W

THE

OFFE

RIN

G

R E N T S C H E D U L E

*Calculated without percentage rent.

P R O P E R T Y & L E A S E I N F O R M A T I O N Subject Property: Single TenantProperty Location: 4960 Roosevelt Hwy, Union City, GA 30291 County: FultonPrice: $795,000Rentable SF: 8,000 SFPrice/SF: $99.38Current Income: $58,000 (before % rent)Cap Rate: 7.3%Cap Rate inclusive of 2016 % Rent: 7.8%Rent/SF/YR: $7.25Year Built: 2003Lot Size: 1.2 acres Type of Ownership: Fee simple

L E A S E S U M M A R YTenant Trade Name: Family DollarTenant: Family Dollar Stores of Georgia, Inc.Lease Type: NNLandlord Responsibilities: Roof, Structure & Parking Lot, HVAC Maintenance & Repairs in excess of $1,000 in any lease year, Insurance & Property Taxes (Tenant fully reimburses)Lease Commencement: July 1, 2003Lease Expiration: June 30, 2021Renewal Options: Six 5 year optionsRent Increases: 10% at renewalsPercentage Rent Clause: Yes

Term Dates Monthly Rent Annual Rent Cap Rate*Current Term through 6/30/21 $4,833.34 $58,000.08 7.3%Renewal Option 1 7/1/21 - 6/30/26 $5,316.67 $63,800.04 8.0%Renewal Option 2 7/1/26 - 6/30/31 $5,848.34 $70,180.08 8.8%Renewal Option 3 7/1/31 - 6/30/36 $6,433.17 $77,198.04 9.7%Renewal Option 4 7/1/36 - 6/30/41 $7,076.42 $84,917.04 10.7%Renewal Option 5 7/1/41 - 6/30/46 $7,784.14 $93,409.68 11.7%Renewal Option 6 7/1/46 - 6/30/51 $8,562.55 $102,750.60 12.9%

|PAG

E 4

OF 8

FAM

ILY DO

LLAR

|G

eorgia

A R E A H I G H L I G H T S

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected,subject to change, and/or limited in scope, and therefore should not be relied upon as accurate.

THE

PR

OP

ER

TY

17,600VPD

85

85

85

75

285

UNION CITYRIVERDALE

MORROW

ATLANTA

|PAG

E 5 O

F 8FA

MILY D

OLLA

R |

Georgia

S U R V E Y

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected,subject to change, and/or limited in scope, and therefore should not be relied upon as accurate.

THE

PR

OP

ER

TY

|PAG

E 6

OF 8

FAM

ILY DO

LLAR

|G

eorgia

F A M I L Y D O L L A R

Family Dollar Stores, Inc. operates a chain of “small box” discount retail stores throughout the United States.  The

company was founded in 1959 and is headquartered in Matthews, North Carolina. It is one of the fastest growing retailers in the country today with over 8,100 stores in 46 states.   Their mission is to be a compelling and convenient, value driven place to shop for its customers. Family Dollar offers customers household consumables, health and beauty aids, automotive supplies, pet food, home products, clothing, electronics, toys, school supplies, food at everyday low prices and is supplemented by seasonal merchandise at the same low prices.      

Family Dollar emphasizes small-format neighborhood stores near low to middle income customers in rural and urban areas with stores ranging from 6,000 to 10,000 square feet.  Most of its merchandise costs less that $10 and consists of national brands, private labels and unbranded product lines. 

Family Dollar Stores, Inc. WEBSITE

D O L L A R T R E E

Effective August 3, 2015, Family Dollar was acquired by Dollar Tree, Inc.

(NASDAZ:DLTR), which has a BBB– rating with Standard and Poor’s. Dollar Tree caters to a “soccer Mom” demographic in primarily urban and suburban areas. They operate the Dollar Tree brand separately and offer items, frequently for “$1”. They carry many similar items as Family Dollar, but tend to focus more on gift, party and other non-essential convenience items.

As a result of the acquisition, the combined number of locations of Family Dollar and Dollar Tree retail stores is over 13,600 in 48 states and five Canadian provinces. Stores operate under the banners Family Dollar, Dollar Tree, Dollar Tree Canada, and Deals. The combination of Family Dollar and Dollar Tree creates the largest Dollar Store chain in North America and generates significant efficiencies in sourcing and procurement, SG&A leverage, distribution and logistics efficiency, and throughformat optimization.

For more information on the merger click here.

T E N A N T O V E R V I E W

Nov 15 Mar 16 Jul 16 Sep 16

Dollar Tree Historical Growth Chart (DLTR)Stock Growth Trajectory - Nov 2015 to Sep 2016

90

80

70

Representative Photo

Representative Photo

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected,subject to change, and/or limited in scope, and therefore should not be relied upon as accurate.

TEN

AN

T PR

OFILE

|PAG

E 7 O

F 8

B R O K E R P R O F I L E

NANCY MILLER President, Net Lease Investment Group Nancy Miller joined Bull Realty in 2001 after being a client of the firm. Her brokerage practice focuses on income producing properties, primarily single and multi-tenant properties. She concentrates on national credit tenant investment properties. Nancy and the Net Lease Investment Group work with investors, developers and sellers of single tenant properties throughout the US. She is recognized as a savvy and knowledgeable retail net lease resource. Nancy publishes a quarterly investor newsletter, a monthly electronic newsletter, periodic retail industry surveys, and contributes to the Bull Realty retail blog. In addition, Nancy periodically appears on the Commercial Real Estate Show, a national weekly radio show hosted and produced in Atlanta by broker Michael Bull.

Nancy has held a real estate license for over 25 years and is licensed in several states. She is a Life Member of the Atlanta Commercial Board of Realtors and a member of the International Council of Shopping Centers (ICSC). She holds the prestigious CCIM designation. She also holds a Bachelor of Arts degree from Tulane University and an MBA from Emory University’s Goizueta Business School, where she is a guest lecturer.

Bull Realty is a U.S. commercial real estate sales, leasing and advisory firm headquartered in Atlanta. The firm was founded in 1998 with two primary missions: grow a company of brokers known for integrity and provide the best disposition marketing in the nation.  • Commercial real estate services include acquisition, disposition, project

leasing, tenant representation and advisory services.• Areas of expertise include office, retail, industrial, multifamily, land, health-

care, single tenant net lease, special asset, self-storage, automotive and daycare properties.

• Disposition services for appropriate properties can include exposure on up to 415 websites, 17 marketing systems and 3 to 6 e-marketing systems.

• Additional disposition and lease marketing services may include video, social media, auctions and national radio exposure.

• The firm hosts the Commercial Real Estate Show which is a nationally syndicated talk radio show heard by millions of people. Respected industry analysts, leading market participants and host Michael Bull share market intelligence, forecasts and strategies. The show is available on any device, anytime on iTunes, YouTube and the show website, www.CREshow.com.

• Bull Realty is licensed in ten southeast states and works with affiliates from all over the country.

Nancy Miller404-876-1640 x 118NMiller@BullRealty.com

|PAG

E 8

OF 8

FAM

ILY DO

LLAR

|G

eorgia

C O N F I D E N T I A L I T Y A G R E E M E N T

This Confidentiality Agreement (“Agreement”) is made and agreed to for the benefit of the undersigned party (“Receiving Party”), the owner of the subject property (the “Seller”) and un-dersigned broker Bull Realty Incorporated (“Broker”).Now therefore in consideration of the privileges granted to Receiving Party with respect to receiving certain confidential information, and other good and valuable consideration, the Re-ceiving Party hereby agrees to the following:

I. Confidential Information:Receiving Party will receive confidential information regarding property referred to as Family Dollar, 4960 Roosevelt Hwy, Union City, GA 30291. Prospect agrees to not disclose to any person that the property may be available for sale or lease, or that discussions or negotiations are taking place concerning the property, nor any terms, conditions, or other facts with respect to the property, including but not limited to tenant information, lease rates, lease expirations, income and expenses, and any such possible purchase, including the status thereof. The term “person” used in this agreement shall be interpreted broadly and shall include, without limitation, any corporation, company, partnership or individual other than parties to which Broker ap-proves in writing. Receiving Party may share information with directors, officers, employees, agents, affiliates, counsel, lending sources, accountants or representatives of Receiving Party that

Receiving Party notifies of the requirements of this Agreement. Receiving Party agrees to not contact the property owner, the management, the tenants, the lender, the vendors, the insurers, the employees or the customers of any business at the site.

II. Acting as a Principal:Receiving Party hereby warrants that it is acting as a principal only, and not as a broker, regarding this contemplated transac-tion. Receiving Party acknowledges that Broker is working an agency capacity as representing the Seller only in this transac-tion and is the only Broker involved in this potential transaction. Receiving Party agrees to not be involved in any arrangement to lease or purchase the property, in whole or in part, as a lender, partner, buyer of the note, buy in foreclosure, buy from bank-ruptcy court, or in any other manner acquire an investment in, joint venture or control of the property, unless Bull Realty, Incorporated is paid a commission at closing as per separate agreement with Seller. This agreement will expire two years from the date hereof.

III. Governing LawThis Agreement shall be governed and construed in accordance with the laws of the State of Georgia.

Accepted and agreed to this _______ day of ___________________, 20___.

Receiving PartySignature ___________________________________________________

Printed Name _______________________________________________

Title ______________________________________________________

Company Name _____________________________________________

Address ____________________________________________________

___________________________________________________

Email _______________________________________________________

Phone ______________________________________________________

Fax _________________________________________________________

Nancy Mi l ler 404-876-1640 x 118 NMil ler@Bul lRealty.com Fax: 404-876-7073

50 Glenlake Parkway Suite 600 Atlanta, GA 30328