New Family Dollar 10-Year NN Property for Sale1404 Brookland Park Blvd. | Richmond, VA

FOR FURTHER INFORMATION

Joe Boydoffice 843.973.8283mobile 843.906.7751web joe@twinriverscap.com

125-G Wappoo Creek Drive Charleston, SC 29412

phone (843) 722.9925fax (843) 722.9947web twinriverscap.com

LocatorMap .................................................................. 3

LocatorMap .................................................................. 4

Aerial ..............................................................................5

Site Aerial ...................................................................... 6

Site Plan ........................................................................7

Elevations ......................................................................8

Photos ...........................................................................9

Property Information .................................................. 10

Area Information ......................................................... 11

Tenant & Lease Information ...................................... 12

Financials .................................................................... 13

About Us ...................................................................... 14

Table of Contents

1404 Brookland Park Blvd.Richmond, VA

Locator Map

RICHMOND,VA

Locator Map

SITE

Aerial

SITE

5,982VPD

ChickenBoxRestaurant

Highland Christian Academy

Highland ParkSchool

HotchkissCommunity Center

Overby-SheppardUniversity

Bus Stop

8,200VPD1,800VPD

4,900

VPD4,200VPD

Brookland Park Boulevard

(planned 76-unit apartmentcomplex)

Site Aerial

SITE

ChickenBoxRestaurant

Highland ParkSchool

Bus Stop

Highland Christian Academy

1,800VPD

8,200VPD

5,982VPD

4,900V

PD

4,200VPD

Brookland Park Boulevard

(planned 76-unit apartmentcomplex)

Site Plan

Elevations

Photos

PropertyandLocationHighlightsRICHMOND,VARichmond is the capital of the Commonwealth of Virginia. It is the center of the Richmond MSA and the Greater Richmond Region, situated 44 miles west of Williamsburg, 66 miles east of Charlottesville, and 98 miles south of Washington, D.C.

Richmond’s diversified employment base extends from chemical, food and tobacco manufacturing to biotechnology, semiconductors and high-tech fibers. The city consistently ranks among “Best Places to Live and Work in America” in several national publications.

Richmond’s economy is primarily driven by law, finance, and government, with federal, state, and local governmental agencies, as well as notable legal and banking firms, located in the downtown area. The city is home to both the United States Court of Appeals for the Fourth Circuit and the Federal Reserve Bank of Richmond.

The area is home to six Fortune 500 companies: electric utility Dominion Resources; CarMax; Owens & Minor; Genworth Financial; WestRock Company; McKesson Medical-Surgical, Markel Corporation, and Altria Group.

Other Fortune 500 companies, while not headquartered in the area, do have a major presence. These include SunTrust Bank, Capital One Financial Corporation, and the medical and pharmaceutical giant McKesson. Capital One and Altria company’s Philip Morris USA are two of the largest private Richmond-area employers. DuPont maintains a production facility in South Richmond known as the Spruance Plant. UPS Freight has its corporate headquarters in Richmond.

> MAJOR CAPITAL INVESTMENT BY TENANT +/- $300,000> 10 YEAR NN LEASE> .69 ACRES> 8,600 SF> NEWLY RENOVATED BUILDING FOR FAMILY DOLLAR > AREA PART OF MAJOR REVITALIZATION EFFORT> HIGH TRAFFIC, URBAN ENVIRONMENT> RARE DENSE INFILL LOCATION, EXTREME BARRIERS TO ENTRY> POTENTIAL FUTURE REDEVELOPMENT OPPORTUNITY> IN THE HEART OF HIGHLAND PARK RETAIL CORRIDOR> HIGH GROWTH AREA> SURROUNDED BY RESIDENTIAL NEIGHBORHOODS, COMMUTER ROADS

> DEMOGRAPHICS 1 Mile 3 Mile Population 14,478 118,052 Average HHI 42,446 52,842

Property Information

Originally developed in the 1890’s as a streetcar suburb, the Brookland Park commercial corridor served to support its wealthy surrounding neighborhoods with community amenities such as a theater, post office, banks, bakeries and other goods and services all within walking distance.

The area is currently experiencing renewed public and private investment. With new residents moving into the neighborhoods in the North Side, both income and property levels are rising at a pace faster than citywide averages.

Brookland Park Boulevard is located within minutes of downtown, with two bus lines passing through its center, as well as interstates 95 and 64 accessible from either direction.

Community High School, one of Richmond’s top high schools, has relocated to the historic area at the east gateway into the corridor. Parents and students travel from across the city to attend this highly acclaimed and academically challenging school.yesrichmondva.com

Area Information

“...THISCOMMUNITYHASNEEDS.WENEEDGROCERYSTORES.WENEEDCLOTHINGSTORES.

WENEEDEVERYTHING.”Willie Hilliard, president of the Brookland Park Area Association

About two years ago, the Brookland Park commercial corridor was given a $113,605 face-lift through the City of Richmond’s Commercial Area Revitalization Effort Program. Thirty-eight properties received exterior facade paint or awnings.

Richmond Times-Dispatch

His [Sean Croft of Nest Realty] clients buying in the Brookland Park area are, for the most part, young, college-educated 25- to 35-year-olds who do not have

children and who want to be in the city. They are willing to pay $200,000 to $300,000 for a good renovation and want urban amenities such as coffee shops

or restaurants within walking distance.Richmond Times-Dispatch

Leased space averages $10 to $12 per square foot. That’s a bargain compared with the going rate in the Willow Lawn area at about $16 per square foot

and about $13.31 per square foot in the East End, according to a Cushman & Wakefield | Thalhimer retail market analysis for the Richmond area

for the fourth quarter of 2016.Richmond Times-Dispatch

RECENTAREABUSINESSOPENINGSNomad Deli (May 2015)Luncheonette Northside (April 2017)Black Hand Coffee Co. (roasting & wholesale operation, café planned)Boogaloos Bar & Grill (summer, 2017)

Lamplighter Coffee Roasters (planned)Dixie Bell’s Burger Bar (September 2017) Savage Apparel Co. (production & sales operations, July 2017)

LEASEINFORMATION> Initial lease term of 10 years

> Six 5-year options increasing at 5% each option period

Tenant & Lease Information

TENANTPROFILE

Tenant: Family Dollar Stores of Virginia, Inc.

Dollar Tree, a Fortune 200 Company which acquired Family Dollar in July, 2015, now operates more than 15,000 stores across 48 states and five Canadian prov-inces. Stores operate under the brands of Dollar Tree, Dollar Tree Canada, Deals, and Family Dollar with a Market Capitalization of $25 Bn.

Dollar Tree is the nation’s leading operator of fixed price-point stores, selling everything for $1 or less, and Family Dollar is a leading national operator of multi price-point stores offering merchandise generally ranging in price from $1-$10 including consumables, home products, apparel and accessories, electronics, and seasonal goods to primarily low and middle-income consumers in convenient neighborhood stores. The Company intends to retain and to grow both banners going forward and will optimize the combined real estate portfolio.

> Corporate Guarantee by Family Dollar, Inc. a Subsidiary of Dollar Tree> Financial Strength: Investment grade. S&P 500 credit rating of BB+ and Moody’s of Ba1> Amazon (e-commerce) Proof: Discount stores are being described as “immune to e-commerce” due to their focus on convenience and small store formats (source: eMarketer Inc., a leading market research company)> Dollar Tree reported $5.64 billion in net sales in its most recent quarter> The combined Dollar Tree and Family Dollar company operates more than 15,000 stores nationwide, making it the largest dollar-store chain in the U.S. by store count> The combined company has sales of over $19 billion a year> Family Dollar continues as a wholly-owned subsidiary of Dollar Tree

NYSE: DLTR

Financials

Rent Roll Tenant: Family Dollar Stores of Virginia, Inc. Guarantor: Family Dollar Stores, Inc. NN Lease 1404 Brookland Pard Blvd., Richmond, VA

Price SummaryPrice $1,844,893Cap Rate 6.5% NOI $119,918.04 (years 1-10)

TENANT BUILDINGSQ FT

LEASE START/EXPIRATION

RENT PERSQ FT

MONTHLYRENT

ANNUALRENT OPTIONS

Family Dollar 8,600SF

2018 /2028 $13.94 $9,993.17 $119,918.04

Six 5-year options

increasing at 5%each

optionperiod

TRC provides national retailers with a comprehensive solution for growing their business by developing new locations.

TWINRIVERSCAPITAL,LLC

Twin Rivers Capital, LLC is a privately held real estate investment, development and brokerage company, founded in 2002 and headquartered in Charleston, SC. Focusing on the growth regions of the Southeastern US, TRC provides national retailers with a comprehensive solution for adding new locations. TRC has developed more than 1.2 million SF of real estate with values of nearly$200 million. TRC also handles third party brokerage, including tenant and landlord representation and investment brokerage services in FL, GA, SC, NC, VA, TN and AL.

BuildtoSuit•JVPrograms•PreferredDeveloperforNationalRetailersBrokerage • Fee Development Programs

FAMILY DOLLARAUTOZONE

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DICK’SAT&T

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DOLLAR TREEEDWARD JONES

About Us

ClientRoster

YOURTWINRIVERSCAPITALCONTACT

Joe BoydJoe is responsible for all property and asset management and is also involved in property sales.

With over 25 years of experience in property management, Joe has served as Property Manager for numerous lifestyle centers and super-regional malls, including properties held by Madison Marquette Realty Services, CBL Properties and The Jacobs Group.

Joe received his Bachelor’s Degree from Grove City College and his MBA from Indiana University of Pennsylvania. He received his CSM in 1995, his CMD in 1997 and his SC Realtor’s License in 2008.

OFFICE 843.973.8283MOBILE 843.906.7751EMAIL joe@twinriverscap.comWEB twinriverscap.com