5,358 SF - LoopNet...built 2007 City of Aiken, SC vpd AT&T Strip Center HIGH RETAIL AERIAL 2141...

CONTACT:Joe BOYD | CSM/CMDoFFICE: 843.973.8283mOBILE: 843.906.7751

[email protected] Ellis Oak Ave., Suite 201

5,358 SF

AT&T Strip Center for Sale | 100% Leased2141 Whiskey Rd. | Aiken, SC 29803

AT&T Strip Center2141 Whiskey Rd. Aiken, SC

oFFICE: 843.973.8283mOBILE: 843.906.7751email: [email protected]

Joe BOYD 2

3investment summary

offering summary | investment highlights

5property overview

aerials | location map

9area overview

city overview | demographics

11financials

tenant overview | lease abstracts | rent roll

Table of Contents



Joe BOYD 3

OFFERING SUMMARYOFFERINGPRICING: $1,638,826

NET OPERATING INCOME: $127,009

CAP RATE: 7.75%

TENANT: AT&T, EDWARD JONES, PIPE DREAMS

PROPERTY SPECIFICATIONSRENTABLE AREA: 5,358 SF

LAND AREA: 0.66 ACRE

PROPERTY ADDRESS: 2141 WHISKEY RD., AIKEN, SC 29803

YEAR BUILT: 2007



Joe BOYD 4

Investment Highlights

100% leasedLong-Term,

stable tenants

100 feet of frontage Whiskey Rd. with monument sign

High traffic location between Walmart

Supercenter and Aiken Mall

37,200 vpd

Annual rental increases

Access to signalized

intersection

#1 RETAIL CORRIDOR in Aiken MSA

with 1 million + SFSTRONG HISTORICAL

OCCUPANCY



Joe BOYD 5

property overview

37,200 VPD

27 Parking Spaces

built 2007

City of Aiken, SC

vpd

AT&T Strip Center 2141 Whiskey Rd. Aiken, SCHIGH RETAIL AERIAL

WHISKEY ROAD

WHISKEY ROAD

PINE LOG ROAD

PINE LOG ROADHITCHCOCK PKWY

HITCHCOCK PKWY

SITE



Joe BOYD 7

Mid aerial

wilmington healthwilmington health20,0o0sf medical office20,0o0sf medical office

buildingbuilding

whiskey roadwhiskey road

AT&T Strip Center for Sale 2141 Whiskey Rd. Aiken, SCLOCATION OVERVIEW


Joe BOYD 9

AT&T Strip Center for Sale 2141 Whiskey Rd. Aiken, SCcity overview | Aiken, SC

HIGHWAY

airport

highway 78 and I-20

augusta regional

lifestyle / industries

Thoroughbred Racing Hall Of Fame and Museum

Aiken Spring Steeplechase

BUSINESS

TOTAL BUSINESSES

engineeringliquid waste mgmtpoultry processingconsumer paper productsfibers manufacturing

3,728

DEPARTMENT OF ENERGYemploys 11,200 PEOPLE

All America City Award



Joe BOYD 10

51,077

93%

$32,184

2.35

5 MILE POPULATION

HIGH SCHOOL GRADUATE2019

PER CAPITA INCOME

UNEMPLOYMENT RATE

AVERAGE HOUSEHOLD SIZE

4.0%

CITY OF AIKEN Aiken is the largest city and county seat of Aiken County; it is

located in the western portion of the state of South Carolina.

Founded in 1835, it was named after William Aiken, the president of

the South Carolina Railroad. The city is an authentic equestrian

community rich in historic charm and tradition. Aiken is a picture

postcard waiting to happen, from the iconic archway of live oaks

along South Boundary Avenue and serene Hopelands Gardens

to the strong Thoroughbreds you might see warming up in the

early-morning light. Aiken was recognized with the All-America City

Award in 1997 by the National Civic League.

INCOME 1 Mile 3 Mile 5 MileESTIMATE AVG. HOUSEHOLD INCOME $63,865 $82,332 $75,561

PROJECTED AVG. HOUSEHOLD inOME $73,295 $92,275 $85,302

POPULATION 1 Mile 3 Mile 5 MileESTIMATED POPULATION 5,488 29,455 51,077

PROJECTED 2024 POPULATION 5,591 30,656 52,869

HOUSEHOLDS 1 Mile 3 Mile 5 MileESTIMATED HOUSEHOLDS 2,566 13,109 21,755

PROJECTED 2024 HOUSEHOLDS 2,613 13,631 22,507

MEDIAN HOME VALUE $155,786 $221,593 $204,930

MEDIAN RENT $4,847.38 $4,145.62 $4,048.23v

EXPENDITURE 1 Mile 3 Mile 5 MileTOTAL ANNUAL HOUSEHOLD EXPENDITURE $239M $1.21B $2.54B

TOTAL ANNUAL RETAIL EXPENDITURE $108M $544M $1.15B

TOTAL MONTHLY HOUSEHOLD EXPENDITURE $7,760 $7,277 $6,641

TOTAL MONTHLY RETAIL EXPENDITURE $3,499 $3,280 $3,000

demographics



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tenant overview

Edward Jones Recently Exercised Second Option and AT&T Extended Their Term – Showing Commitment to Location

AT&T and Edward Jones Leases Have Renewal Options and All Three Leases Have Rental Increases

Strong Historical Occupancy – AT&T and Edwards Jones Have Been at This Location for 10+ Years and Pipe Dreams Recently Relocated to

Site After 30 Years at Aiken Mall

Strategically Located Along the Main Retail Corridor in the Aiken MSA – Over 37,000 VPD Daily and Strong Visibility from Whiskey Road

Rapidly Developing Area – LIDL Grocery Store Directly Behind the Center is in Discussion and Multi-Family Development Next Door

Nearby Tenants Include: Walmart Supercenter, Publix, Home Depot, Lowe’s, Hobby Lobby, TJ Maxx, Target, Staples, Burger King, Walgreens,

Ross Dress for Less, and More

Three Tenant Shopping Center with NN Leases – 100% Leased

48-UnitMultifamilyComplex

Rear Access Road to Light

whiskey rd. 37,000 vpdwhiskey rd. 37,000 vpd

SITE



Joe BOYD 12

LEASE ABSTRACT

INCOME & EXPENSESTENANT AT&T MOBILITY

PREMISES A BUILDING OF APPROXIMATELY 3,002 SF

LEASE BEGINS JANUARY 21, 2008

LEASE EXPIRATION JANUARY 31, 2023

LEASE TERM 3 YEARS REMAINING

RENEWAL OPTIONS 2 X 5 YEARS

RENT INCREASES 10% AT OPTIONS

LEASE TYPE NN

USE WIRELESS RETAIL

PROPERTY TAXES TENANT’S RESPONSIBILITY

INSURANCE TENANT’S RESPONSIBILITY

COMMON AREA TENANT’S RESPONSIBILITY

ROOF & STRUCTURE LANDLORD’S RESPONSIBILITY

REPAIRS & MAINTENANCE TENANT’S RESPONSIBILITY

HVAC TENANT’S RESPONSIBILITY

UTILITIES TENANT’S RESPONSIBILITY

RIGHT OF FIRST REFUSAL NO



Joe BOYD 13

LEASE ABSTRACT

TENANT EDWARD JONES


LEASE BEGINS JULY 1, 2009

LEASE EXPIRATION JUNE 30, 2024

LEASE TERM 4.5+ YEARS REMAINING

RENEWAL OPTIONS 1 X 5 YEAR

RENT INCREASES 3% ANNUALLY

LEASE TYPE NN

USE OFFICE

PROPERTY TAXES TENANT’S RESPONSIBILITY

INSURANCE TENANT’S RESPONSIBILITY

COMMON AREA TENANT’S RESPONSIBILITY

ROOF & STRUCTURE LANDLORD’S RESPONSIBILITY

REPAIRS & MAINTENANCE TENANT’S RESPONSIBILITY

HVAC TENANT’S RESPONSIBILITY

UTILITIES TENANT’S RESPONSIBILITY

RIGHT OF FIRST REFUSAL NO



Joe BOYD 14

LEASE ABSTRACT

TENANT PIPE DREAMS


LEASE BEGINS MAY 11, 2018

LEASE EXPIRATION MAY 31, 2023

LEASE TERM 3.5+ YEARS REMAINING

RENT INCREASES 2% ANNUALLY

LEASE TYPENN

USERETAIL

PROPERTY TAXESFIXED REIMBURSEMENT FROM TENANT

INSURANCEFIXED REIMBURSEMENT FROM TENANT

COMMON AREA FIXED REIMBURSEMENT FROM TENANT

ROOF & STRUCTURELANDLORD’S RESPONSIBILITY

REPAIRS & MAINTENANCETENANT’S RESPONSIBILITY

HVACTENANT’S RESPONSIBILITY

UTILITIESTENANT’S RESPONSIBILITY

GUARANTYPERSONAL

RIGHT OF FIRST REFUSALNO

pipe dreams



Joe BOYD 15

FINANCIALSINCOME & EXPENSES

SCHEDULE BASE RENT REVENUE $128,363

EXPENSE REIMBURSEMENT REVENUE

CAM $11,324

TAXES $13,542

INSURANCE $5,899

TOTAL $30,765

EFFECTIVE GROSS REVENUE $159,128

OPERATING EXPENSES (100% PASS THROUGH)

CAM ($7,979)

TAXES ($16,746)

INSURANCE ($6,858)

SUB TOTAL ($31,583)

RESERVES ($0.10/SF) ($536)

TOTAL OPERATING EXPENSES ($32,119)

NET OPERATING INCOME $127,009

CAP RATE 7.75%

SALES PRICE $1,638,826

TENANT SQ FT / % OF BUILDING RENT COMMENCEMENT INITIAL LEASE TERM BASE RENT PF ANNUAL RENT % INCREASE CAM/TAXES INSURANCE PF

AT&T3,002 SF / 56% 1/21/2008 10 YEARS EXTENDED TO

1/31/23$27.50 $82,555 10% AT OPTIONS $7.47

EDWARD JONES 1,140 SF / 21% 7/1/2009 5 YEARS EXTENDED TO 6/30/24 $19.87 $23,335 3 % ANNUALLY $5.75

PIPE DREAMS 1,216 SF / 23% 5/11/2018 5 YEARS ENDS5/31/23 $18.12 $22,473 2 % ANNUALLY $1.48

5,358 SF - LoopNet...built 2007 City of Aiken, SC vpd AT&T Strip Center HIGH RETAIL AERIAL 2141...

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