Offering Memorandum

FAMILY DOLLAR6814 SE Maricamp Rd • Ocala, FL 34472

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap Real

Estate Investment Services of Florida, Inc. ("Marcus & Millichap") and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This

Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation,

with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements,

the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the

financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing

Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has

Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information

provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate

Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or

name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product,

service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

FAMILY DOLLAR - OCALA, FLORIDA

Ocala, FL

ACT ID ZAB0250005

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N E T L E A S E D D I S C L A I M E R

Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will

not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee,

warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before

completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus &

Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance

of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to

your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal

and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not

a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based

on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any

guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in

whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting

his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a

replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential

replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost,

expense, or liability arising out of your investigation and/or purchase of this net leased property.

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OFFERING SUMMARY

Price $1,699,000

Net Operating Income $142,735

Capitalization Rate – Current 8.4%

Price / SF $211.06

Rent / SF $17.73

Lease Type NN

Gross Leasable Area 8,050 SF

Year Built / Renovated 2009

Lot Size 1.07 acre(s)

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EXECUTIVE SUMMARY

OFFERING SUMMARY

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FINANCING

Loan Amount $1,274,250

Loan Type Financed - New Loan

Loan to Value 75.00%

Down Payment 25% / $424,750

Interest Rate / Amortization 4.5% / 25 Years

Annual Loan Payment $84,992

Net Cash Flow After Debt Service 13.59% / $57,743

Cash on Cash Return 13.59%

Total Return 20.24% / $85,972

FAMILY DOLLAR - OCALA, FLORIDA

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FAMILY DOLLAR - OCALA, FLORIDA

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OFFERING SUMMARY

MAJOR EMPLOYERS

EMPLOYER# OF EMPLOYEES

*

Lockheed Martin Corporation 1,336

Villages of Lake-Sumter Inc 669

Lockheed Martin Mis Fire Ctrl 600

Marion Cnty Bd Cnty Cmmssoners 376

Walmart 307

Fluid Routing Solutions LLC 304

U A W Local 1821 260

ARC MARION 190

Belleview High School 175

Forest High School 164

Winn-Dixie 164

Publix Pharmacy 1289 151

DEMOGRAPHICS

1-Miles 3-Miles 5-Miles

2018 Estimate Pop 5,466 31,892 62,505

2010 Census Pop 5,162 30,355 59,628

2018 Estimate HH 1,807 11,494 23,808

2010 Census HH 1,725 11,056 22,939

Median HH Income $45,901 $44,010 $46,078

Per Capita Income $17,867 $20,203 $23,793

Average HH Income $54,053 $56,034 $62,389

* # of Employees based on 5 mile radius

FAMILY DOLLAR - OCALA, FLORIDA

OFFERING SUMMARY

▪ Recent Lease Renewal With No Rental Concessions (5.5 Years On Current Term)

▪ Approximately 33,000 Vehicles Passing Daily

▪ Over 62,000 Residents in a Five Mile Radius

▪ Built-to-Suit Family Dollar - 2009 Construction

▪ Income Tax-Free State

INVESTMENT HIGHLIGHTS

Marcus & Millichap is pleased to present the Family Dollar located at 6814 SE Maricamp Road in Ocala, Florida. The tenant recently extended the original 10 year lease for

an additional five years through June of 2025. Landlord responsibilities are limited to roof, structure and parking lot repairs. Family Dollar handles HVAC repairs and

replacement, common area landscaping, real estate taxes and property insurance. This investment is being offered at $1,699,000 which represents an 8.4 percent

capitalization rate.

The subject property is a built-to-suit 2009 Family Dollar with 8,050 square feet of leasable space. The property sits on approximately 1.07 acres and shares multiple

ingress/egress routes with both a Kangaroo Express and O' Reilly Auto Parts. Additionally, the surrounding area has numerous retail tenants including Walmart, Dollar

General, McDonald's, and many more. The property has direct frontage on State Road 464 and benefits from over 33,000 vehicles passing the site each daily.

Family Dollar was acquired by Dollar Tree in 2014. Dollar Tree is the largest single price-point retailer in North America, operating thousands of stores across 48

contiguous U.S. States and five Canadian provinces. In 2015, Dollar Tree's annual net sales exceeded 15.5 billion dollars and were anticipated to rise in 2016. This Family

Dollar store sells food and beverages, household products, family apparel, personal care and beauty, pet supplies, home decor, electronics, baby care, automotive,

hardware, health and wellness, mobile phones, candy, toys, outdoor products, and gift cards at discounted prices.

INVESTMENT OVERVIEW

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PROPERTY NAME

MARKETING TEAM

FAMILY DOLLAR - OCALA, FLORIDA

DEMOGRAPHICS

Source: © 2019 Experian

Created on January 2020

POPULATION 1 Miles 3 Miles 5 Miles

▪ 2023 Projection

Total Population 6,782 37,685 68,936

▪ 2018 Estimate

Total Population 5,466 31,892 62,505

▪ 2010 Census

Total Population 5,162 30,355 59,628

▪ 2000 Census

Total Population 2,556 20,660 47,662

▪ Current Daytime Population

2018 Estimate 2,455 19,406 48,783

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

▪ 2023 Projection

Total Households 2,276 13,659 26,372

▪ 2018 Estimate

Total Households 1,807 11,494 23,808

Average (Mean) Household Size 3.02 2.74 2.62

▪ 2010 Census

Total Households 1,725 11,056 22,939

▪ 2000 Census

Total Households 892 8,119 18,891

▪ Occupied Units

2023 Projection 2,276 13,659 26,372

2018 Estimate 2,036 13,081 26,616

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles

▪ 2018 Estimate

$150,000 or More 1.53% 2.80% 4.72%

$100,000 - $149,000 9.49% 9.29% 9.84%

$75,000 - $99,999 10.72% 10.39% 10.04%

$50,000 - $74,999 23.90% 21.95% 21.90%

$35,000 - $49,999 17.54% 16.96% 16.28%

Under $35,000 36.82% 38.61% 37.21%

Average Household Income $54,053 $56,034 $62,389

Median Household Income $45,901 $44,010 $46,078

Per Capita Income $17,867 $20,203 $23,793

HOUSEHOLDS BY EXPENDITURE 1 Miles 3 Miles 5 MilesTotal Average Household Retail Expenditure

$57,975 $57,592 $59,147

▪ Consumer Expenditure Top 10 Categories

Housing $16,484 $16,354 $16,908

Transportation $11,567 $10,989 $11,102

Shelter $9,795 $9,613 $9,872

Food $6,189 $6,076 $6,263

Personal Insurance and Pensions $4,806 $4,648 $4,923

Utilities $3,606 $3,531 $3,611

Health Care $3,563 $3,845 $4,095

Entertainment $2,172 $2,193 $2,344

Apparel $2,072 $1,906 $1,858

Household Furnishings and Equipment

$1,322 $1,375 $1,487

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

▪ Population By Age

2018 Estimate Total Population 5,466 31,892 62,505

Under 20 34.05% 30.01% 26.91%

20 to 34 Years 20.39% 18.52% 16.88%

35 to 39 Years 7.20% 6.21% 5.66%

40 to 49 Years 11.92% 11.87% 12.09%

50 to 64 Years 14.45% 16.38% 18.86%

Age 65+ 11.99% 17.00% 19.61%

Median Age 32.08 36.16 40.49

▪ Population 25+ by Education Level

2018 Estimate Population Age 25+ 3,282 20,511 42,312

Elementary (0-8) 4.24% 2.95% 2.59%

Some High School (9-11) 8.18% 7.88% 7.72%

High School Graduate (12) 33.08% 35.76% 35.57%

Some College (13-15) 26.81% 24.63% 23.04%

Associate Degree Only 11.88% 10.28% 9.81%

Bachelors Degree Only 9.84% 11.33% 12.98%

Graduate Degree 4.73% 5.70% 6.89%

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Income

In 2019, the median household income for your selected geography is

$45,901, compare this to the US average which is currently $58,754.

The median household income for your area has changed by 27.02%

since 2000. It is estimated that the median household income in your

area will be $53,480 five years from now, which represents a change

of 16.51% from the current year.

The current year per capita income in your area is $17,867, compare

this to the US average, which is $32,356. The current year average

household income in your area is $54,053, compare this to the US

average which is $84,609.

Population

In 2019, the population in your selected geography is 5,466. The

population has changed by 113.85% since 2000. It is estimated that

the population in your area will be 6,782.00 five years from now,

which represents a change of 24.08% from the current year. The

current population is 47.19% male and 52.81% female. The median

age of the population in your area is 32.08, compare this to the US

average which is 37.95. The population density in your area is

1,741.40 people per square mile.

Households

There are currently 1,807 households in your selected geography. The

number of households has changed by 102.58% since 2000. It is

estimated that the number of households in your area will be 2,276

five years from now, which represents a change of 25.95% from the

current year. The average household size in your area is 3.02 persons.

Employment

In 2019, there are 614 employees in your selected area, this is also

known as the daytime population. The 2000 Census revealed that

54.16% of employees are employed in white-collar occupations in

this geography, and 46.56% are employed in blue-collar occupations.

In 2019, unemployment in this area is 5.89%. In 2000, the average

time traveled to work was 27.00 minutes.

Race and Ethnicity

The current year racial makeup of your selected area is as follows:

59.20% White, 25.16% Black, 0.19% Native American and 2.27%

Asian/Pacific Islander. Compare these to US averages which are:

70.20% White, 12.89% Black, 0.19% Native American and 5.59%

Asian/Pacific Islander. People of Hispanic origin are counted

independently of race.

People of Hispanic origin make up 24.68% of the current year

population in your selected area. Compare this to the US average of

18.01%.

PROPERTY NAME

MARKETING TEAM

FAMILY DOLLAR - OCALA, FLORIDA

Housing

The median housing value in your area was $125,794 in 2019,

compare this to the US average of $201,842. In 2000, there were 677

owner occupied housing units in your area and there were 215 renter

occupied housing units in your area. The median rent at the time was

$577.

Source: © 2019 Experian

DEMOGRAPHICS

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#

CLOSE PROXIMITY TO:

6814 SE Maricamp Rd, Ocala, FL 34472

▪ 5 Year Extension W/ No Rent Concessions

▪ Landlord Responsibilities Limited To Roof,

Structure and Parking Lot Replacement

▪ Located 22 Miles From the Villages, 37

Miles From Gainesville and 80 Miles From

Orlando

▪ Average Household Income of $54k

▪ Close Proximity to Numerous Credit

Tenants Including McDonald’s, O’Reilly’s,

Subway, Walgreens, CVS, Pizza Hut And

Many More

▪ Tremendous Traffic Counts of Over 33,000

Vehicles Passing The Site Each Day

▪ 5 Mile Population Exceeding 52,000

Residents

▪ 1 Mile Population Projected To Increase

24% by 2023

▪

LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX

PROPERTY NAMEFAMILY DOLLAR - OCALA, FLORIDA

PRICING AND VALUATION MATRIX

PROPERTY NAMEFAMILY DOLLAR - OCALA, FLORIDA

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LOCATION OVERVIEW

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6814 SE Maricamp Rd, Ocala, FL 34472

LOCATION OVERVIEWTENANT SUMMARYPRICING AND VALUATION MATRIX

PROPERTY NAMEFAMILY DOLLAR - OCALA, FLORIDA

PRICING AND VALUATION MATRIX

PROPERTY NAMEFAMILY DOLLAR - OCALA, FLORIDA

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REGIONAL AND LOCAL MAP

RETAIL MAP

FAMILY DOLLAR - OCALA, FLORIDA

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PROPERTY SUMMARY

OFFERING SUMMARY

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NOTES

1. Tenant reimburse landlord for real estate taxes

2. Tenant responsible for repair and replacement of HVAC

3. Tenant maintains landscaping and responsible for trash removal around exterior of building

4. Landlord responsible for roof, structural portions of building and parking lot repairs

FAMILY DOLLAR - OCALA, FLORIDA

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OFFERING SUMMARY