many well-positioned locations throughout the …...daniel chevrolet buick dealership fernando...

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On-Site Inspections: October 18 Purchase Individual Properties or in Any Combination 20 SURPLUS FAMILY DOLLAR PROPERTIES FORMER RETAIL STRUCTURES & DEVELOPMENT LAND Many Well-Positioned Locations Throughout the Midwest, Southwest & Southeast Regions 5 Revere Drive Suite 320 Northbrook, IL 60062 855.755.2300 www.HilcoRealEstate.com LOW SUGGESTED OPENING BIDS! FERNANDO PALACIOS 877.933.7779 [email protected] JEFF AZUSE 847.418.2703 [email protected] ONLINE AUCTION: OCT. 23-24

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Page 1: Many Well-Positioned Locations Throughout the …...Daniel Chevrolet Buick Dealership FERNANDO PALACIOS 877.933.7779 fpalacios@HilcoGlobal.com JEFF AZUSE 847.418.2703 jazuse@HilcoGlobal.com

On-Site Inspections: October 18

Purchase Individual Properties or in Any Combination

20 SURPLUS FAMILY DOLLAR PROPERTIES FORMER RETAIL STRUCTURES & DEVELOPMENT LAND

Many Well-Positioned Locations Throughout the Midwest, Southwest & Southeast Regions

5 Revere Drive • Suite 320 • Northbrook, IL 60062 • 855.755.2300 • www.HilcoRealEstate.com

LOW SUGGESTED OPENING BIDS!

FERNANDO [email protected]

JEFF [email protected]

ONLINE AUCTION: OCT. 23-24

Page 2: Many Well-Positioned Locations Throughout the …...Daniel Chevrolet Buick Dealership FERNANDO PALACIOS 877.933.7779 fpalacios@HilcoGlobal.com JEFF AZUSE 847.418.2703 jazuse@HilcoGlobal.com

ONLINE AUCTION: OCTOBER 23-2420 SURPLUS FAMILY DOLLAR PROPERTIES

ID# CITY STATE TYPE BUILDING SF LOT SF DEPOSIT REQ’D TO BID SUGG. OPENING BID

ALABAMA

1 Gadsden AL Building 7,000 25,265 $5,000 $165,000

ARIZONA

2 Huachuca City AZ Building 7,443 31,350 $5,000 $200,000

FLORIDA

3 Leesburg FL Building 7,644 43,560 $10,000 $550,000

4 Pierson FL Building 7,646 73,615 $10,000 $325,000

GEORGIA

5 Patterson GA Building 7,647 50,090 $5,000 $165,000

ILLINOIS

6 Kankakee IL Land n/a 21,750 $2,500 $85,000

7 Shelbyville IL Building 7,565 21,900 $5,000 $160,000

KENTUCKY

8 Monticello KY Building 7,100 30,490 $5,000 $190,000

9 Providence KY Building 6,000 20,040 $2,500 $40,000

MICHIGAN

10 Calumet MI Building 7,909 7,910 $5,000 $140,000

11 Pontiac MI Land n/a 29,750 $7,500 $245,000

12 Vicksburg MI Building 8,000 43,560 $7,500 $280,000

13 Ypsilanti MI Land n/a 53,580 $7,500 $205,000

MISSISSIPPI

14 Stonewall MS Building 7,647 60,500 $5,000 $160,000

NORTH CAROLINA

15 Rocky Mount NC Building 7,480 37,100 $5,000 $135,000

OHIO

16 New Carlisle OH Land n/a 55,320 $7,500 $260,000

17 Ottawa OH Building 9,280 40,425 $7,500 $290,000

OKLAHOMA

18 Perkins OK Building 7,544 27,400 $5,000 $175,000

TEXAS

19 Crosbyton TX Building 11,091 12,880 $5,000 $115,000

WEST VIRGINIA

20 Whitesville WV Building 6,000 24,200 $2,500 $85,000

5 Revere Drive • Suite 320 • Northbrook, IL 60062 • 855.755.2300 • www.HilcoRealEstate.com

FERNANDO [email protected]

JEFF [email protected]

ON-SITE INSPECTIONS:All on-site inspections, for locations with structures, will take place on October 18 from 11: 00 a.m. to 1:00 p.m.

This will be the ONLY time to gain access to building interiors prior to the online auction.

UNDER CONTRACT

Page 3: Many Well-Positioned Locations Throughout the …...Daniel Chevrolet Buick Dealership FERNANDO PALACIOS 877.933.7779 fpalacios@HilcoGlobal.com JEFF AZUSE 847.418.2703 jazuse@HilcoGlobal.com

4103 N Center StreetPierson, FL

FREESTANDING BUILDING WITH EXCELLENT VISIBILITY ON US HWY 17

Deposit Required to Bid: $10,000Suggested Opening Bid: $325,000

· Building: 7,646± SF· Lot: 73,615± SF· Taxes (2016): $1,515 · Commercial zoning - ideal for many uses· Pylon sign & 97’ of frontage on Center Street

11750 E Meighan BoulevardGadsden, AL

FREESTANDING BUILDING WITH GREAT VISIBILITY

Deposit Required to Bid: $5,000Suggested Opening Bid: $165,000

· Building: 7,000± SF· Lot: 25,265± SF· Taxes (2017): $2,578· Shadow anchored by Royal Plaza Shopping Center

2332 N Huachuca BoulevardHuachuca City, AZ

FREESTANDING BUILDING WITH HIGHWAY FRONTAGE

Deposit Required to Bid: $5,000Suggested Opening Bid: $200,000

· Building: 7,443± SF· Lot: 31,350± SF· Taxes (2017): $11,617· Abundance of surface parking · Good condition building & available for immediate occupancy

8271 N Main StreetMonticello, KY

FREESTANDING BUILDING

Deposit Required to Bid: $5,000Suggested Opening Bid: $190,000

· Building: 7,100± SF· Lot: 30,490± SF· Taxes (2017): $1,656· Nearby Retailers Include: Sunoco, F & H Drug Store, First Southern National Bank, Rite Aid, Reed’s Grocery & Bait

56430 Highway 84Patterson, GA

NEWER FREESTANDING STRUCTURE ON US 84 IN MAIN RETAIL CORRIDOR

Deposit Required to Bid: $5,000Suggested Opening Bid: $165,000

· Building: 7,647± SF· Lot: 50,090± SF· Taxes (2017): $8,260· 42 surface parking space· Pylon signage· 224’ frontage on Hwy 84 & 223’ on Church St

61027 E Court StreetKankakee, IL

VACANT COMMERCIAL LAND PARCEL NEAR RESIDENTIAL NEIGHBORHOODS

Deposit Required to Bid: $2,500Suggested Opening Bid: $85,000

· Lot: 21,750± SF· Taxes (2017): $1,807· Nearby retailers include: Family Dollar, Advance Auto Parts, U-Haul, McDonald’s, Trendz Beauty Supply, Best Tires Mufflers & Brakes

71011 W Main StreetShelbyville, IL

FREESTANDING BUILDING

Deposit Required to Bid: $5,000Suggested Opening Bid: $160,000

· Building: 7,565± SF· Lot: 21,900± SF· Taxes (2016): $15,699· Nearby Retailers Include: McDonalds, CVS, Pizza Hut, Subway & Chipolte Mexican Grill

31012 S 14th StreetLeesburg, FL

FREESTANDING BUILDING WITH EXCELLENT VISIBILITY

Deposit Required to Bid: $10,000Suggested Opening Bid: $550,000

· Building: 7,644± SF· Lot: 43,560± SF· Taxes (2017): $13,237 · Ideally positioned near a strong retail corridor· Nearby retailers include: Publix, Walgreens, Aldi, Dollar General, Office Depot & Save-A-Lot

9211 N Willow StreetProvidence, KY

FREESTANDING STRUCTURE

Deposit Required to Bid: $2,500Suggested Opening Bid: $40,000

· Building: 6,000± SF· Lot: 20,040± SF· Taxes (2017): n/a· Nearby Retailers Include: Thrifty Pharmacy, This-N-That Wholesale, Godfather’s Pizza, Casey’s General Store, U.S. Postal Service

10215 5th StreetCalumet, MI

MID-BLOCK STRUCTURE WITH 83’ FRONTAGE ON 5TH STREET

Deposit Required to Bid: $5,000Suggested Opening Bid: $140,000

· Building: 7,909± SF· Lot: 7,910± SF· Taxes (2017): $4,713· Nearby Retailers Include: Michigan House Cafe & Brew Pub, Cafe Rosetta, Auto Value, U.S. Postal Service, The Calumet Theatre

11825 Baldwin AvenuePontiac, MI

VACANT COMMERCIAL LAND PARCEL

Deposit Required to Bid: $7,500Suggested Opening Bid: $245,000

· Lot: 29,750± SF· Taxes (2017): n/a· Nearby Retailers Include: Rent-A-Center, Metro PCS, Premier Insurance Agency, Save Plus Pharmacy & Summit Auto Sales

12815 W Prairie StreetVicksburg, MI

FREESTANDING STRUCTURE

Deposit Required to Bid: $7,500Suggested Opening Bid: $280,000

· Building: 8,000± SF· Lot: 43,560± SF· Taxes (2017): $13,064· 25 surface parking spaces · 139’ of frontage on 4th Street· 239’ of frontage on Prairie Street

ONLINE AUCTION: OCTOBER 23-2420 SURPLUS FAMILY DOLLAR PROPERTIES

5 Revere Drive • Suite 320 • Northbrook, IL 60062 • 855.755.2300 • www.HilcoRealEstate.com

FERNANDO [email protected]

JEFF [email protected]

Page 4: Many Well-Positioned Locations Throughout the …...Daniel Chevrolet Buick Dealership FERNANDO PALACIOS 877.933.7779 fpalacios@HilcoGlobal.com JEFF AZUSE 847.418.2703 jazuse@HilcoGlobal.com

Pre-Auction Offers Are Welcomed!

Hilco Real Estate is offering a 2% cooperating broker commission for all licensed agents. Call for more information.

Purchase Individual Properties or in Any CombinationLow Suggested Opening Bids!

ONLINE AUCTION: OCTOBER 23-2420 SURPLUS FAMILY DOLLAR PROPERTIES

131235 W Michigan AvenueYpsilanti, MI

VACANT COMMERCIAL LAND PARCEL

Deposit Required to Bid: $7,500Suggested Opening Bid: $205,000

· Lot: 53,580± SF· Taxes (2016): 7,207 · Frontage on Michigan Avenue· Nearby Retailers Include: Dunkin’ Donuts, Walmart Supercenter, Popeyes, Hello NOON Yoga Studio

14114 Erwin RoadStonewall, MS

FREESTANDING STRUCTURE ON STONEWALL’S MAIN RETAIL CORRIDOR

Deposit Required to Bid: $5,000Suggested Opening Bid: $160,000

· Building: 7,647± SF· Lot: 60,500± SF· Taxes (2017): $11,425 · Ample parking with easy access· Pylon signage· Nearby retailers include: Dollar General & Piggly Wiggly

151401 E Raleigh StreetRocky Mount, NC

Deposit Required to Bid: $5,000Suggested Opening Bid: $135,000

· Building: 7,480± SF· Lot: 37,100± SF· Taxes (2017): $3,414 · 32 surface parking spaces & pylon signage· Nearby retailers include: Family Dollar,

Advance Auto Parts, McDonald’s, Piggly Wiggly, Pizza Hut, KFC

162137 S Dayton Lakeview RoadNew Carlisle, OH

VACANT COMMERCIAL PARCEL CLOSE TO RESIDENTIAL NEIGHBORHOODS

Deposit Required to Bid: $7,500Suggested Opening Bid: $260,000

· Lot: 55,320± SF· Taxes (2017): $7,623 · Shared ingress/egress with McDonald’s· Surrounding retailers including: Rite Aid, McDonald’s, Sunoco Gas Station, Security National Bank

17932 N Perry StreetOttawa, OH

FREESTANDING STRUCTURE WITH 158’ FRONTAGE ON PERRY STREET

Deposit Required to Bid: $7,500Suggested Opening Bid: $290,000

· Building: 9,280± SF· Lot: 40,425± SF· Taxes (2017): $14,302 · 30 surface parking spaces · Nearby Retailers Include: Subway, Goodwill, O’Reilly Auto Parts, McDonald’s, The First National Bank, Shell

18507 E Highway 33Perkins, OK

FREESTANDING STRUCTURE W/ PYLON SIGNAGE CONSTRUCTED IN 2000

Deposit Required to Bid: $5,000Suggested Opening Bid: $175,000

· Building: 7,544± SF· Lot: 27,400± SF· Taxes (2017): $3,122 · Only 12 miles south of Stillwater & Oklahoma State University

· Immediate trade area includes: Williams Foods, Dollar General, McDonald’s, Sonic

19118 S Berkshire StreetCrosbyton, TX

MID-BLOCK STRUCTURE LOCATED DOWNTOWN

Deposit Required to Bid: $5,000Suggested Opening Bid: $115,000

· Building: 11,091± SF· Lot: 12,880± SF· Taxes (2017): $1,505 · Nearby businesses include: U.S. Postal Service Center, Lowe’s, Dairy Queen, Family Dollar, Citizens National Bank, Capital Farm Credit, Crosby County Clerk’s Office

20157 Lewis StreetWhitesville, WV

FREESTANDING STRUCTURE

Deposit Required to Bid: $2,500Suggested Opening Bid: $85,000

· Building: 6,000± SF· Lot: 24,200± SF· Taxes (2017): $3,435 · Nearby Retailers Include: Rite Aid, Whitesville State Bank, Midtown Grocery, Arvon’s Floral, Daniel Chevrolet Buick Dealership

FERNANDO [email protected]

JEFF [email protected]

5 Revere Drive • Suite 320 • Northbrook, IL 60062 • 855.755.2300 • www.HilcoRealEstate.com

UNDER

CONTRACT

FREESTANDING STRUCTURE WITH118’ STREET FRONTAGE & CURB CUTS

Page 5: Many Well-Positioned Locations Throughout the …...Daniel Chevrolet Buick Dealership FERNANDO PALACIOS 877.933.7779 fpalacios@HilcoGlobal.com JEFF AZUSE 847.418.2703 jazuse@HilcoGlobal.com

© 2017 Hilco Global, LLC

TERMS OF SALE

AUCTION FORMAT: Bidding will be done online, and bidding will open on October 23, 2018. To bid during the auction, you need to register online at Hilco Real Estate’s auction website (https://auctions.hilcoreal.com), click “View this Auction”, then click on the “Register” button in the upper left-hand corner. Once the registration form is completed, you will receive an email acknowledging your registration. You will then need to go the “Documents” tab and complete all requirements and be approved by the transaction team in order to bid. Please call our Auction Information Line at 855-755-2300 or email [email protected] for further instructions. See the Auction Procedures at the end of this document.

AUCTION DATE/LOCATION: The auction will be conducted online. The online auction will open at 9:00 a.m. CDT on October 23, 2018 and will close at 3:00 p.m. CDT on October 24, 2018. You will need to be registered and approved to bid by our transaction team, which requires accepting the Terms of Sale, accepting the Purchase and Sale Agreement and depositing the required initial earnest money deposit as shown in the table on page two.

CERTIFIED FUNDS, CREDIT CARD OR WIRE TRANSFERRED FUNDS ARE REQUIRED: Deposits in the amount outlined on page two, as an initial down payment, are required to bid at the auction. If you plan to bid on multiple properties, then certified funds will need to be deposited for each of the properties in which you wish to bid. A single deposit for the total combined deposit amount is acceptable. Online bidders are required to mail, overnight or wire transfer funds to Hilco, Attn: Jeff Azuse, 5 Revere Drive Suite 320, Northbrook, IL 60062. Bidders may also submit their deposit(s) via credit card on Hilco’s website. Please note that all credit card charges will be subject to an additional non-refundable 3% convenience fee. Initial deposit will be accepted up to October 22, 2018. For wiring instructions, please email [email protected] or download them from the “Documents” section of the web page. Upon the conclusion of bidding and the Seller’s acceptance of the Purchase and Sale Agreement, the funds will be deposited as earnest money as provided in the Purchase and Sale Agreement. If you are not the winning bidder, your funds will be returned to you.

DOCUMENTS AVAILABLE: Due Diligence information on all the properties is available online in our property-specific auction page and includes the Purchase and Sale Agreement, detailed property information, and other applicable information. To gain access to the due diligence documents, you need to register online by going to Hilco Real Estate’s auction website (https://auctions.hilcoreal.com), clicking on the property you are interested in and then clicking on the “Register” button located on the top left-hand side of the page. Once registered, you will receive an acknowledgement email, login with your email and password created and you will then have access to the “Documents” tab, which has all the due diligence information. Seller, Seller’s Broker and Auctioneer shall not be liable for any inaccuracy contained in any reports furnished to buyers originating from third party experts.

ATTORNEY REVIEW: All information contained in the auction-related marketing material should be carefully reviewed by an attorney prior to the auction and is subject to and may be superseded by the Purchase and Sale Agreement for signature at the auction.

REQUIREMENTS OF THE SUCCESSFUL HIGH BIDDER: The “Successful High Bidder” will be required to (a) be available within an hour of the end of the auction to receive and execute with no modification the Purchase and Sale Agreement properly filled in with the undersigned name and contact information along with the High Bid price; (b) deliver the executed Agreement to Auctioneer via fax or email immediately following the end of the auction; (c) within 24 hours deliver an original fully-executed Purchase and Sale Agreement to the designated title or escrow company; (d) allow the initial earnest money to be deposited in accordance with the terms of the Purchase and Sale Agreement; and (e) agree that they will increase their earnest money to 10% of the Total Purchase Price within three (3) business days after Seller’s acceptance.

BACK-UP BIDDER: The next highest bid below the Successful High Bidder is considered a Back-Up Bidder and may be invited to sign and deliver via fax or email to the Auctioneer the approved Purchase and Sale Agreement in the amount of their Total Purchase Price upon the conclusion of bidding. The Back-Up Bidder’s Initial Down Payment will be held until 5:00 pm CDT, three (3) business days following the Seller’s acceptance of an offer, at which time it will a) be returned to the Back-Up Bidder upon escrow’s receipt of the Winning Bidder’s additional earnest money or b) become immediately non-refundable upon default of Winning Bidder; then the Back-Up Bidder will be notified by escrow that the Seller has accepted their Purchase and Sale Agreement. If the Back-Up Bidder’s Initial Down Payment is less than 10% of its Total Purchase Price, then it MUST be increased to 10% of its Total Purchase Price by cashier’s check or wired funds within three (3) business days of notification.

AUCTION PROCEDURES

RESERVE OFFERING: All of the properties are being offered with reserve. The final high bid is subject to Seller approval. The Seller shall have five (5) business days to review the high bid and decide whether to accept or reject it. During this review period, the offer is irrevocable by the Purchaser. The Suggested Opening Bid in our material is just where the bidding will start, it is not a reserve price and does not obligate the Seller to accepting a price at the opening bid.

CLOSING DATE: The Standard Closing Date shall be on or before 30-days from Seller acceptance.

INSPECTION: Each property is being offered for sale in its existing condition subject to the terms of the Purchase and Sale Agreement. The Purchaser may not rely upon any disclosures, representations or warranties other than those provided in the Agreement. We recommend you thoroughly inspect the property prior to the auction. Those inspecting the property assume all risk associated with any inspection. One on-site inspection date will be provided for each of the properties. This date and time listed below will be your only opportunity to inspect a property:

On-Site Inspection Date – Thursday, October 18 from 11:00 a.m. to 1:00 p.m. (in accordance w/ state time zones)

CONDUCT OF THE AUCTION: Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. In the event of a dispute between bidders, the Auctioneer shall make the final decision to accept the final bid, to re-offer and re-sell the property, or to remove the property from the auction. If any disputes should arise following the auction, the Auctioneer’s records shall be conclusive in all respects.

SELLER’S AGENT: Hilco Real Estate, LLC, its cooperating brokers, and all licensees employed by or associated with Hilco Real Estate, LLC who are involved with this auction, represent the Seller in this real estate transaction.

BROKER PARTICIPATION: A real estate broker licensed in the property’s state whose client agrees to broker’s representation, whose client attends the on-site inspection with the broker the first time its client attends an on-site inspection and who complies with these Terms of Sale shall be entitled to a referral fee of 2% of the High Bid Price at auction upon the successful closing by its client. Broker fees are subject to change per property. Broker registration of its client will occur at said first client’s on-site inspection or upon Auctioneer’s receipt of a Broker’s Buyer Representation letter signed by the client and a copy of the registration will be given to the broker. No broker registration of a client-prospect will be granted if the client was previously contacted by Auctioneer or if prospect previously contacted Auctioneer during the conduct of the auction marketing campaign. No broker registration will be granted to a broker that is participating in the sale either directly or as an equity partner.

For more information, please visit our website at HilcoRealEstate.com/FamilyDollar or contact:

The Seller and Auctioneer and their agents assume no liability for inaccuracies, errors or omissions in the auction marketing materials, including the Virtual Deal Room. ALL SQUARE FOOTAGE, ACREAGE, DIMENSIONS, COMMON AREA CHARGES (IF, ANY), AND TAXES IN THIS AND OTHER MARKETING MATERIALS ARE APPROXIMATE. This offering may be withdrawn, modified or canceled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law.

SOLD AS-IS WHERE-IS. Seller will not provide survey or pay for title insurance. Buyer is responsible for paying for all inspections and all lender requirements. Buyer will pay all transfer taxes and document stamps. All other closing costs will be paid by the party that typically pays the costs based on the county or city where the property is located. If there is no clearly established custom or practice regarding such other closing costs, the costs will be split equally between Seller and Buyer. TAXES PRO-RATED @ 100%. See Bid Approval Process on the following page. For additional Terms of Sale, see the Purchase and Sale Agreement available in the Virtual Deal Room.

Hilco Real Estate, LLC in cooperation with Ron Young, AL Broker, Lic. #000107497; Tracy Glass, Insight Land & Investments, AZ Broker, Lic. #BR541645000; Paul A. Lynn, FL Broker, Lic. #SL3270936; Richard Goldthwait, GA Broker, Lic. #380603; Jeff Azuse, IL Broker Lic. #471.011086; Mike Skees, KY Broker, Lic. #177649; Aaron Eichenberg, Northstar Commercial, MI Broker, Lic. #6501359351; Paul A. Lynn, MS Broker, Lic. #9000489; John Haldane, NC Broker Lic. #226452 & NC Auctioneer Lic. #8979; The Haldane Group Inc, NC Firm Lic. #C20541; Richard Herman, Capitol Real Estate Advisors Inc, OH Broker, Lic. #BRKP.0000305822; Tony Wisely, OK Broker, Lic. #146985; Paul A. Lynn, CCIM, TX Broker, Lic. #0244902; Stanley C. Thomas, Realcorp, LLC, WV Broker, WV Broker, Lic. #WV0009851. © 2018 Hilco Global, LLC.

FERNANDO [email protected]

JEFF [email protected]

ONLINE AUCTION: OCTOBER 23-2420 SURPLUS FAMILY DOLLAR PROPERTIES

5 Revere Drive • Suite 320 • Northbrook, IL 60062 • 855.755.2300 • www.HilcoRealEstate.com