Investment Highlights

CORPORATE TENANT WITH STRONG FINANCIALS
» Guaranteed by Family Dollar, Inc., owned by Dollar Tree, Inc. (NASDAQ: “DLTR”)
» Company operates over 15,000 stores and has annual sales of over $22.8 billion
» Family Dollar, Inc. and Dollar Tree, Inc. are rated “BBB-” by Standard & Poor’s

INFILL LOCATION WITH ROBUST DEMOGRAPHICS
» Excellent visibility and access to 43,400 vehicles per day at signalized intersection
» Convenient access to the East-West Expressway, which experiences a high traffic count of 67,500 vehicles per day
» Close to several schools, including Eagle’s Nest Elementary School (762 students), and Carver Middle School (716 students), Ivey Lane Elementary School (337 students), and Orlo Vista Elementary School (648 students)
» 315,975 residents live and 204,112 daytime employees work within a five-mile radius, providing a strong customer base

NEW Q4 2019 CONSTRUCTION
» High-quality construction scheduled to be completed in late 2019
» Features latest Family Dollar store designs and concepts
» New building, limiting near-term deferred maintenance or capital costs

LOCATED IN AN OPPORTUNITY ZONE WITH TAX INCENTIVES
» Opportunity Zones were created as a result of the 2017 Tax Cuts and Jobs Act to encourage investors to reinvest capital gains, which can come from any investment—including stocks, bonds, real estate and partnership interests— into these zones
» Investors are able to invest in qualified Opportunity Zones through an investment called an Opportunity Fund, which provides both temporary and long-term tax deferrals for eligible investors
» No taxes on 10% of gains after five years, 15% of gains after seven years, and 100% of gains after ten years

Property Description

SOLD

The property is strategically located just off the signalized intersection of Old Winter Garden Road and North Pine Hills Road, with excellent visibility and access to 43,400 vehicles per day. Less than half a mile from the property is convenient access to the East-West Expressway, which experiences a high traffic count of 67,500 vehicles per day. The East-West Expressway leads to downtown Orlando, located just four miles away. Several large shopping centers are just minutes away from the property. Notable retailers in the nearby area include Walmart, Rainbow, Wendy’s, McDonald’s, CVS, Target, Advance Auto Parts, Home Depot, Walgreens, and Aldi.

A number of other schools are located near the property, including Eagle’s Nest Elementary School (762 students), and Carver Middle School (716 students), Ivey Lane Elementary School (337 students), and Orlo Vista Elementary School (648 students). The property is also a short distance from several large employers, as well as the business district in downtown Orlando. As a result, the area has a large daytime population, with 204,112 daytime employees working within a five-mile radius. Additionally, 315,975 residents live within the same area, providing a strong customer base for Family Dollar.