Family Dollar for Sale

2643 Spruill Ave. | North Charleston, SC (Charleston MSA)

Representative Photo

FOR FURTHER INFORMATION

Joe Boydoffice 843.973.8283mobile 843.906.7751web joe@twinriverscap.com

125-GWappooCreekDriveCharleston,SC29412

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

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

HighAerial .....................................................................4

MidAerial ......................................................................5

SiteAerial ...................................................................... 6

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

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

PropertyInformation ....................................................9

PortAccess ................................................................. 10

AreaGrowth&Planning ............................................ 11

Tenant&LeaseInformation ...................................... 12

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

AboutUs ...................................................................... 14

Table of Contents

2643 Spruill Ave.North Charleston, SC

Locator Map

NORTHCHARLESTON,SC

High Aerial

SITE

Summerville, SC

Charleston, SC

Mid Aerial

SITE

CharlestonSteel&Metal

DetyensShipyards

MaryFordElementary

CentralTransport

PortCityPaper

FuturePort Terminal

Site Aerial

SITE

SpruillAve.tobewidened/improvedforincreasedtrafficdueto

rail line extension.

SpruillAve.=12,211VPD

ClementAve.

Stromb

oliAve

.

StromboliAve.tobewidened and extended tonewrailline/port

terminal. Willgreatlyincreasetrafficaroundsite.

Intersectiontobesignalized.

Areatobebenefittedbyrail line extension.

Expectedtobecomenewportterminal.

Site Plan

Elevations

33

3

A-49

A-49

A-413

A-414

A-43

A-43

A-4a18

A-48

A-48

1A-44

A-44

A-45

E.L.

4

LCLC

1

A-4b1

1

ASPHALT

11

A-4a5

A-44

A-47

A-47

A-44

A-32

1 E.L.

6

A-45

A-44

A-43

LCLC

2A2 SCALE = 1/8" = 1'-0"

3A2 SCALE = 1/8" = 1'-0"4

A2 SCALE = 1/8" = 1'-0"

1A2 SCALE = 1/4" = 1'-0"

D.Watkins

ARCHITECT'S PROJECT #

Proje

ct :

Shee

t Des

cripti

on :

Drawn By :

Checked By :

Revisions :

Seal

Date :

Sheet No.

CITY

OF

NORT

H CH

ARLE

STON

, SC

TWIN

RIV

ERS

CAPI

TAL,

LLC

16193

FAMI

LY D

OLLA

RFO

R

SPRU

ILL A

VE. &

STR

OMBO

LI AV

E.

"REVIEWED"

"DISAPPROVED - RESUBMIT"

All Site and Building Plan Requirements, including but limited to, all Interior Dimensions,Materials, Hardware, Equipment & Specifications, are to be designed and built per theFamily Dollar Prototype Plan #:____15-02_____ as indicated in the lease, unless adeviation is approved by Family Dollar's Plan Reviewer, next to each specific deviation.The initials indicate approval of only the one deviation being initialed. Any deviation fromdesignated Prototype Plan that is not initialed by Family Dollar is disapproved and void.

(Approval to plan deviation will be indicated with the following circled initials :_______ )

D.Myers

FAMI

LY D

OLLA

R RI

SK C

LASS

4 ST

ORE

MINIMUM STRUCTURAL HEIGHT NOTE:

A-2a5

DOWNSPOUT NOTE:

GENERAL EXTERIOR NOTE:

METAL PANEL NOTES:

ALL GRADING ELEVATIONSREVISED TO COORD. W/ CIVIL

1

1

1

1

PlanCom. Fixt. Civil & StructCoord4/3/17

2

BID COMMENTS4/18/17

3

Owner Coord.4/24/17

5/22/17

4

FD Comments5/18/17

4

4

4

NO.

PRE-FINISHED

2EXTERIOR LATEX

PRE-FINISHED

EXTERIOR FINISH SCHEDULEAREA

1

TYPE

VP COLOR "TAN"

COLOR

2

3

4

5

6

PRE-FINISHED7

NUCOR COLOR "SAGEBRUSH TAN"VP - VEE RIB PANELNUCOR - ACCENT PANEL

VP COLOR "TAN"NUCOR COLOR "SAGEBRUSH TAN"

MID-WEST COLOR "SADDLE TAN"MID-WEST - PBA PANEL

MID-WEST COLOR "SADDLE TAN"

8

9

10

11

PRE-FINISHED

PRE-FINISHED

PRE-FINISHED

MATERIALS ARE TO BE APPROVED BY FAMILY DOLLAR STORE. COLORS ARE CRITICAL AND MUST BE APPROVED BYFAMILY DOLLAR STORE REPRESENTATIVE IF THEY DIFFER FROM THE BENJAMIN MOORE COLORS SHOWN BELOW.

4

4

4

NEL Photometric Coord.5/23/17

5

5

5

5

PropertyandLocationHighlightsNORTHCHARLESTON,SCNorth Charleston is the third-largest city in South Carolina, with incorporated areas in Berkeley, Charleston, and Dorchester counties. With the arrival of Boeing Aircraft, the city has gained international importance and stature as one of only four places in the world for the manufacture and assembly of wide-body commercial air-craft. Since the construction of Palmetto Commerce Parkway, many businesses (including Venture Aerobearings, Daimler Vans Manufacturing, Cummins Turbo, and the VTL Group) have invested hundreds of millions of dollars in North Charleston’s economy. Industrial hubs continue to provide high-paying jobs. Major businesses in the area include:

> RARE 15 YEAR NNN LEASE WITH SIX 5-YEAR OPTIONS INCREASING AT 10% EACH OPTION PERIOD> 10% RENT INCREASE IN YEAR 11> HIGHLY SOUGHT AFTER DENSE INFILL LOCATION > AREA HAS APPRECIATED SIGNIFICANTLY IN THE LAST 2 YEARS> NEW CONSTRUCTION> 8,320 SF; 1.2 ACRES> CAP RATE: 5.75%> ZERO LANDLORD OBLIGATIONS > 12,211 VPD> SITE CLOSE TO PLANNED PORT ACCESS ROAD (TO PROVIDE DIRECT ACCESS BETWEEN PROPOSED MARINE CONTAINER TERMINAL & I-26)> ROAD PROJECT TO INCLUDE THE EXTENSION OF STROMBOLI AVE AND ASSOCIATED ROADWAY IMPROVEMENTS TO SURFACE STREETS> MAJOR ARTERY CONNECTING THE CITY OF NORTH CHARLESTON TO THE CITY OF CHARLESTON> DEMOGRAPHICS 1 Mile 3 Mile 5 MilePopulation 4,391 34,899 126,673Average HHI 30,779 58,092 61,913

Property Information

• Boeing: Facility manufactures fuselage components and assembles and flight tests Boeing 787 aircraft, employs more than 6,000.• Cummins Turbo Technologies: Corporate center and manufacturing plant. • Daimler Vans Manufacturing LLC: Plant for manufacturing Daimler Vans, employing 200. The company announced expansion plans in early 2015 that will bring an additional 1,200+ jobs to the area.• InterContinental Hotels Group: Call center of parent company for Holiday Inn hotels, employing 400+ people.• iQor: Call center providing outsourced customer service, retention, and revenue recovery services. Employs 360. • Kapstone Paper and Packaging: Kraft paper mills employing 1,100. • Verizon Wireless: Call center of parent company Verizon, employs 700.• T-Mobile US: New Customer Care Center, an investment of $16.7 million, to create 400 new jobs• Venture Aerobearings: Plant manufactures bearings for jet engines. • Volvo Cars is investing $500 million to build its first US factory in the area. The plant is projected to contribute approximately $4.8 billion in total economic output each year.• Charleston International Airport and the Charleston Air Force Base, both located within the City of North Charleston, provide commercial and military air service for the region. The airport currently serves more than 2.9 million passengers annually. The South Carolina State Ports Authority has four intermodal facilities, one of which is located in North Charleston.

Port Access

LEATHERMANTERMINALThe South Carolina Ports Authority is currently building the only permitted new container terminal on the U.S. East and Gulf Coasts. Since receiving the final permit approvals in 2007, the Ports Authority has completed preliminary demolition, site preparation, and containment wall construction on the new 280-acre terminal which, at build out, will boost capacity in the port by a full 50%. Construction is currently underway, and the anticipated opening date of the terminal’s 171-acre first phase is planned for fiscal year 2019 or as market demand requires.

To offset potential negative impacts, the South Carolina Ports Authority has included what has been called the state’s largest environmental and community mitigation package, estimated at $12.2 million. The Ports Authority’s plan includes both environmental and community mitigation measures. In addition to the Ports Authority’s efforts, SCDOT also has planned extensive mitigation for impacts associated with the Port Access Road.

SITEPalmetto Railways

NavyBaseIntermodalFacility

ClouterIsland

HughK.Leatherman,Sr.TerminalSCDOTPortAccessRoad

The Spruill/Stromboli Ave. site lies in close proximity to the planned (and underway) Port Access Road. This road, along with community plans, will bring significant growth to this specific area, continuing the unprecedented growth of Charleston county.

PORTACCESSROADThe Port Access Road Project will provide direct access between the new Leatherman Terminal and I-26 while maintaining adequate service for local, commuter, and commercial traffic. Included in the Project’s purpose is the intent to safely integrate container terminal traffic with existing traffic; support local and regional planning policies and strategies; and minimizing adverse impacts on communities and the environment. The Project consists of the construction of a new fully directional interchange on I-26, a Bainbridge Connector Road, the extension of Stromboli Avenue and associated roadway improvements to surface streets to serve the proposed Naval Base Terminal.

The port access road will allow trucks to access the Leatherman Terminal without using local streets. The construction should be finished just as the new port terminal is set to open in late 2019. At about $750 million, the Leatherman Terminal is scheduled to open at about the same time as a $509 million dredging project that will give Charleston the deepest port on the East Coast. Palmetto Railways, a division of the S.C. Commerce Department, is building a $130 million transfer yard near the new terminal where cargo will be loaded onto and off of trains.(source: SCDOT)

STROMBOLICORRIDORDEVELOPMENTThe Stromboli Corridor catalyst area is a neighborhood center today. It consists primarily of large lot industrial uses and container storage areas that effectively separate the Five Mile and Windsor neighborhoods between Carner Avenue and Spruill Avenue.

With this area envisioned as a community focal point, catalyst opportunities will be oriented towards civic uses such as a community center, workforce training, health care amenities, education facilities and other programs that help promote economic opportunity and prosperity.

The preliminary planning level program derived from the Long Term Phasing Concept Plan shows that about 300 residential dwelling units and 280,000 square feet of non-residential uses could be developed in this catalyst area, which is consistent with preliminary program numbers for the Stromboli area from the LAMC Final Plan. Non-residential uses as envisioned in this Concept Plan include 150,000 SF of retail; 50,000 SF of office/commercial; and 80,000 SF of institutional.(source: neckprosperity.org, Berkeley-Charleston-Dorchester Council of Governments)

Area Growth & Planning

Catalyst area today Future rendering

LEASEINFORMATION> 15 year NNN lease with zero landlord obligations

> Six 5-year options increasing at 10% each option period

> 10% bump in last 5 years of initial term

Tenant & Lease Information

TENANTPROFILE

Tenant: Family Dollar Stores of South Carolina, Inc.Guarantor: Dollar Tree, 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.

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 providing value-conscious consumers with a selection of com-petitively priced merchandise in convenient neighborhood stores. The Company intends to retain and to grow both banners going forward and will optimize the combined real estate portfolio.

> 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 is a wholly-owned subsidiary of Dollar Tree

NYSE: DLTR

Financials

Rent Roll Tenant: Family Dollar Stores of South Carolina, Inc. Guarantor: Dollar Tree, Inc. NNN Lease

Price SummaryPrice $2,085,217

Cap Rate 5.75%

NOI $119,900

TENANT BUILDINGSQ FT

LEASE START/EXPIRATION

RENT PERSQ FT

MONTHLYRENT

ANNUALRENT OPTIONS

Family Dollar 8,320SF

Spring 2018 /9/30/2032

Years 1 – 10:$14.41

Years 11 – 15:$15.85

Years 1 – 10: $9,991.67

Years 11 – 15: $10,990.83

Years 1 – 10: $119,900.00

Years 11 – 15: $131,890.00

Six 5-year options

increasing at 10%each

optionperiod

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

FAMILY DOLLARAUTOZONE

MCDONALD’SVERIZON

WALMARTSHERWIN WILLIAMS

DICK’SAT&T

HOBBY LOBBYSTARBUCKS

DOLLAR TREEEDWARD JONES

About Us

ClientRoster

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 in excess of $180 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•PreferredDevelopersforNationalRetailersBrokerage•FeeDevelopmentPrograms

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 Uni-versity 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