NOR

BLUFFTON, SC

FOUR-TENANT INLINE STRIP IN A HOBBY LOBBY & PGA TOUR SUPERSTORE ANCHORED CENTER

BLUFFTON SHOPS

2

DAVE LUCASdlucas@capitalpacific.comPH: 415.274.7390CA DRE# 01389761

Contact the team

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

JOE CACCAMOjcaccamo@capitalpacific.comPH: 415.274.7394CA DRE# 01191110

BLUFFTON SHOPPING CENTER

IN CONJUNCTION WITH SC LICENSED BROKER: Stuart MullenCommercial Real Estate Carolina, LLCstuart@rangeds.comPH: 704.661.9800

BLUFFTON SHOPS1127 FORDING ISLAND ROAD, BLUFFTON, SC 29910

NNN STRUCTURED LEASES WITH STAGGERED EXPIRATION DATES

6.75%CAP

$2,612,000PRICE

NOI: $176,271LEASABLE AREA: 6,400 SFPRICE/SF: $408.13OCCUPANCY: 100%YEAR BUILT: 2017TENANTS: 4

3

Overview

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

SURROUNDING RETAILThis information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Investment Highlights

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

THE OFFERING6,400 SF of shops in a Hobby Lobby and PGA TOUR Superstore anchored center. Tropical Smoothie Café currently operates more than 800 locations across the U.S. and plans to reach 1,500 over the next five years. The Spirited Hand is a relocated go-to gift gallery that offers a unique selection of art that has not been mass produced. Foundation Realty and Boutique Nails of Bluffton are committed to serving the community by staying on top of trends. The four tenants provide services that are highly immune to the internet retail threat.

• Located in a Hobby Lobby and PGA TOUR Superstore anchored center

• Diverse tenant mix in shopping center• Brand new construction in 2017

HIGHLIGHTS

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• Dominant regional retail corridor• Average household incomes exceeding

$90,000 within a 5-mile radius• Bluffton is one of the fastest-growing

towns in the southeast

DESIRABLE LOCATION

The subject property is located in Bluffton, considered the gateway to Hilton Head Island, an immensely popular tourist destination which attracts more than 2.67 million annual visitors, producing over $1 billion for the local economy. Situated with excellent visibility along U.S. Route 278, the property is exposed to an approximate 55,400 VPD.

5

Income & Expense

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

CURRENT

PRO

POSE

D F

INAN

CIN

G/C

ASH

FLO

W

CURRENT +LEASE Price: $2,612,000 Proposed Loan Amount $1,827,700 New Lease $0Capitalization Rate: 6.75% Loan To Value 70% Leasing $0Price Per Square Foot: $408.13 Interest Rate 3.85% Shell Cost $0Down Payment 30% $784,300 Amortization 25 Year Tenant Im- $0Loan Amount 70% $1,828,400 Term 10 Year Total Lease $0Total Leased (SF): 100.00% 6,400 Net Operating Income $176,289 Total Lease $0.00

Total Vacant (SF): 0.00% 0 Debt Service ($113,961)Total Rentable Area (SF): 100.00% 6,400 Pre-Tax Cash Flow $62,328

INCOME P/SF Debt Coverage Ratio 1.55

Scheduled Rent $27.54 $176,280 Cash-on-cash Return 7.95%Property Tax Recovery $3.67 $23,499.00 Principal Pay down (Year 1) $44,387 Insurance Recovery $0.39 $2,478.07 Total Return $106,715 CAM Recovery $1.03 $6,595.07 Yield 13.61%

EFFECTIVE GROSS INCOME $208,852Vacancy Factor (2% of EGI)

ADJUSTED GROSS INCOME $208,852

EXPENSE P/SFProperty Tax(Estimated) ($3.67) ($23,508)Insurance ($0.39) ($2,478)CAM ($1.03) ($6,595)

TOTAL OPERATING EXPENSES ($5.09) ($32,581)

NET OPERATING INCOME $176,271

($6,595.07)

($32,581.14) reum

49916

$0.00

Cam 101 $73,005.11 $3,971

Cam 103 $-

Cam 104 $-

Cam 105 $27,822.00 $1,514

Cam 107 $-

Reimbursable $- $0.00

$-

$35,614.00 $1,937

$2,703.00 $147

$5,015.00 $273

$5,288.00 $288 $32,572

$12,730.00 $693

$51,893.00 $2,823

$354.00 $19

$40,145.00 $2,184 5.44

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Rent Roll

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

LEASE TERMS RENT SUMMARYTENANT SQ. FT. PERCENT OF GLA TERM MONTHLY RENT ANNUAL RENT RENT/FT

Tropical Smoothie Café 1,600 25.00% 1/1/2019 12/31/2029 $3,466.67 $41,600.00 $26.00Increase 1/1/2024 12/31/2029 $3,813.33 $45,760.00 $28.60 4000 333.333Option 1 1/1/2029 12/31/2034 $4,194.67 $50,336.00 $31.46Option 2 1/1/2034 12/31/2039 $4,614.13 $55,369.60 $34.61

The Spirited Hand (Gifts) 1,600 25.00% 4/1/2018 3/31/2021 $3,090.00 $37,080.00 $23.18Increase 4/1/2020 3/31/2021 $3,183.00 $38,196.00 $23.87Option 1 4/1/2021 3/31/2024 $3,279.00 $39,348.00 $24.59Increase 4/1/2022 3/31/2023 $3,377.00 $40,524.00 $25.33Increase 4/1/2023 3/31/2024 $3,478.00 $41,736.00 $26.09

Foundation Realty 1,600 25.00% 10/7/2017 10/31/2024 $4,000.00 $48,000.00 $30.00Increase 11/1/2019 10/31/2020 $4,133.33 $49,599.96 $31.00Increase 11/1/2020 10/31/2021 $4,200.00 $50,400.00 $31.50Increase 11/1/2021 10/31/2022 $4,266.67 $51,200.04 $32.00Increase 11/1/2022 10/31/2023 $4,333.33 $51,999.96 $32.50Increase 11/1/2023 10/31/2024 $4,400.00 $52,800.00 $33.00Option 1 11/1/2024 10/31/2029 $4,466.67 $53,600.04 $33.50Increase 11/1/2025 10/31/2026 $4,533.33 $54,399.96 $34.00Increase 11/1/2026 10/31/2029 $4,600.00 $55,200.00 $34.50

Nail Salon 1,600 25.00% 9/1/2017 8/31/2027 $4,000.00 $48,000.00 $30.00Increase 9/1/2022 8/31/2027 $4,400.00 $52,800.00 $33.00Option 1 9/1/2027 8/31/1932 $4,800.00 $57,600.00 $36.00

$14,690.00 $176,279.96 $27.54OCCUPIED 6,400 100.00%VACANT 0 0.00%

CURRENT TOTALS 6,400 100.00%

TREMBLESTO

NE RO

AD

FORDING ISLAND ROAD278

(DARK STORE)

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Site Plan

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

COMMON AREA ASSOCIATION PARKING(NON-TAXABLE PARCEL)

CONTACT AGENT FOR MORE DETAILS

55,400 VPD

-

Tropical Smoothie Cafe is a leading national fast-casual cafe concept known for its better-for-you smoothies and food with a tropical twist. Currently, the company operates more than 800 locations across the U.S. and is expanding. The brand expects to sign 200 franchise agreements, open 130 cafes, and grow same-store sales by 5% in 2019. Charles Watson, CEO of Tropical Smoothie Cafe, LLC, reported that the company is positioned to continue its growth to reach its goal of 1,500 locations over the next five years. With this ongoing success, Tropical Smoothie Cafe has also earned top industry awards such as NRN’s Top 10 Fastest Growing Chains, Entrepreneur’s Top Food Franchises, Fast Casual’s Top 100 Movers and Shakers and Technomic’s Top 500 Chain Restaurant Report.

ABOUT TROPICAL SMOOTHIE CAFE

LOCATIONS ACROSS THE U.S.800+

Tenant Overview

The Spirited Hand was a go-to gift gallery in Avon/Canton, CT, for 29 years that reopened in Bluffton in April of 2018. The shop provides artists a place for their art to be seen and not be mass produced. It features an ever-changing assortment of jewelry, glass, pottery, and textiles, as well as candles, a selection of cards, and home decor. The sole location offers customers something unique to purchase for themselves or others.

ABOUT THE SPIRITED HAND

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

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-

AGENTS (ESTIMATED)

35+

Tenant Overview

Boutique Nails of Bluffton is a nail salon that offers a range of services including manicures, pedicures, eyebrow tints, waxing, and eyelash extensions. The company’s goal is to satisfy clients through these services with the best sanitation standards, customer care priority, and famous brand name products. Committed to staying on top of the new era of nail technology, Boutique Nails of Bluffton continuously upgrades both nail education for staff members and services for customers.

ABOUT BOUTIQUE NAILS

Founded in 2008, the Foundation Realty team consists of experienced commercial real estate professionals with years of expertise and knowledge in the Hilton Head Island and Bluffton commercial real estate market. The agents have the ability and know how to represent a buyer or seller on any side of the transaction, and are committed to formulating a solution to fit each client’s specific real estate needs.

Dot Real Estate successfully acquired Foundation Realty in 2019. Dot Real Estate is a dynamic team of agents with proven success in the Real Estate business on Hilton Head and in Bluffton.

ABOUT FOUNDATION REALTY

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

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Subject Property

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Surrounding Retail

11

Retail Aerial

55,400VPD

278

FORDING ISLAND ROAD

FORDING ISLAND ROAD

GOLF COURSE

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

BLUFFTON SHOPPING

CENTER

(DARK STORE)

12

Retail AerialHILTON HEAD ISLAND

(6 MILES)

TANGER OUTLETS

278

FORDING ISLAND ROAD

FORDING ISLAND ROAD

GOLF COURSE GOLF

COURSE

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

55,400VPD

BLUFFTON SHOPPING

CENTER

(DARK STORE)

13

278

GOLF COURSE

GOLF COURSE

55,400VPD

HILTON HEAD ISLANDHILTON HEAD ISLAND

GOLF COURSE

GOLF COURSE

GOLF COURSE

GOLF COURSE

GOLF COURSE

GOLF COURSE

GOLF COURSE

278

278

52,080VPD

ISLAND ROADISLAND ROAD

FORDINGFORDING

CROSS ISLA

ND PARKWAY

CROSS ISLA

ND PARKWAY

Gateway to Hilton Head Island

TANGER OUTLETS

HARBOUR TOWN GOLF

LINKS -- HOSTS RBC HERITAGE

BLUFFTON CROSSINGS

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 14

BLU

FFTO

N

BLU

FFTO

N

PARK

WAY

PARK

WAY

BLUFFTON BLUFFTON PARKWAYPARKWAY

BLUFFTON

BLUFFTON

PARKWAY

PARKWAY

MAY RIVER ROAD

MAY RIVER ROADBUCKWALTER

BUCKWALTER

PARKWAY

PARKWAY

BLUFFTO

N

BLUFFTO

N

ROAD

ROAD

ISLAND ROADISLAND ROADISLAND ROADISLAND ROAD

FORDING

FORDING

FORDINGFORDING

278

278

27846

46

46

MIDDLE SCHOOL

MIDDLE SCHOOL

HIGH SCHOOL

CITY OF BLUFFTON

CITY OF BLUFFTON

GOLF COURSE

GOLF COURSE

GOLF COURSE

GOLF COURSE

GOLF COURSE

GOLF COURSE

ELEMENTARY SCHOOL

ELEMENTARY SCHOOL

ELEMENTARY SCHOOL

11,600 VPD

55,400 VPD

19,330 VPD

15This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

BLUFFTON CROSSINGS

SOLD BY CAPPAC IN

NOV. 2018 AT $544/SF

Regional Retail Core Trade Area

BLUFFTON CROSSINGS

Demographics

POPULATION

1-MILE 3-MILES 5-MILES

2010 3,493 21,581 33,240

2019 4,101 25,544 38,802

2024 4,460 27,858 42,815

2019 HH INCOME

1-MILE 3-MILES 5-MILES

Average $78,009 $86,711 $90,876

Median $50,621 $59,242 $63,407

TOP EMPLOYERS

EMPLOYER

Beaufort Memorial Hospital

County of Beaufort

Department of Defense

Marriott Resorts Hospitality Corporation

University of South Carolina

BLUFFTON

SAVANNAH, GA(26 MILES, 40 MINS)

THE AVERAGE HOUSEHOLD INCOME WITHIN A 5-MILE RADIUS

IS OVER $90K

WALTERBORO

RIDGELAND

HILTON HEAD ISLAND

16

MCRD PARRIS ISLAND

CHARLESTON(93 MILES, 2 HRS)

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

BLUFFTON,SOUTH CAROLINA

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Location Overview

BLUFFTON is located in Beaufort County along the coast of South Carolina. The town is situated on a high bluff overlooking the May River, a pristine waterway that has strongly contributed to the history and continued success of the community. With the recent addition of 32,000 acres, Bluffton is the fifth-largest town in the state by land area. It is known for its eclectic Old Town district and natural views of the May River, as well as being designated as a National Historic District. In 2005, Bluffton was recognized as a Preserve America Community, a federal program that encourages community efforts to preserve the nation’s cultural and historical assets. Bluffton is located ten minutes from Hilton Head Island and less than an hour from Savannah, Georgia.

BEAUFORT COUNTY is nestled between Charleston, South Carolina and Savannah, Georgia, and is home to a warm climate, pristine beaches, and hundreds of barrier and sea islands. Hilton Head Island is a luxury island that attracts over 2.67 million annual visitors and creates more than $1 billion to the local economy. Parris Island Marine Corps Recruit Depot (MCRD Parris Island) resides in Beaufort County and is home to an 8,000+ acre facility, including 4,000 acres of salt marsh and tidal streams, where 19,000+ recruits are trained each year.

188,715+BEAUFORT COUNTY POPULATION (ESTIMATED)

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Contact us.

CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM.

DAVE LUCASdlucas@capitalpacific.comPH: 415.274.7390CA DRE# 01389761

JOE CACCAMOjcaccamo@capitalpacific.comPH: 415.274.7394CA DRE# 01191110

CAPITALPACIFIC.COM

IN CONJUNCTION WITH SC LICENSED BROKER: Stuart MullenCommercial Real Estate Carolina, LLCstuart@rangeds.comPH: 704.661.9800

Copyright © 2019 Capital Pacific Partners

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.