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1 AppleCare | Arrowhead Clinic Sublease 7205 Hodgson Memorial Drive Savannah, GA 31405

AppleCare - SIG · ForSalethe4,000 SF AppleCare| ArrowheadClinicSublease Locatedin Savannah,GA. ThisDealIncludesa Freestanding MedicalOfficeBuildingThatis an Outparcelto the Kroger

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Page 1: AppleCare - SIG · ForSalethe4,000 SF AppleCare| ArrowheadClinicSublease Locatedin Savannah,GA. ThisDealIncludesa Freestanding MedicalOfficeBuildingThatis an Outparcelto the Kroger

1

AppleCare | Arrowhead Cl in ic Sublease7205 Hodgson Memor ia l Dr ive

Savannah , GA 31405

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EXCLUSIVELY MARKETED BY: S A N D S I N V E S T M E N T G R O U P

DOUG ROLANDLic. # 73064

706.814.2217 | [email protected]

AMANDA REEVESLic. # 307133

843.608.9585 | [email protected]

ANDREW ACKERMANLic. # 311619

770.626.0445 | [email protected]

1501 Johnson Ferry Road, Suite 200Marietta, GA 30062

844.4.SIG.NNN

www.SIGnnn.comI n Coopera t ion With Sands Inves tment Group

At l anta , LLC - L ic . # 67374

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Investment SummaryInvestment Highlights

INVESTMENT OVERVIEW

04 06 08 13LEASE ABSTRACT PROPERTY OVERVIEW AREA OVERVIEW TENANT OVERVIEW

City OverviewDemographics

Tenant ProfilesLease Summary & Rent RollFinancials

Property ImagesLocation, Aerial & Retail Maps

© 2 0 2 0 S a n d s I n v e s t m e n t G r o u p ( S I G ) . T h e i n f o r m a t i o n c o n t a i n e d i n t h i s ‘ O f f e r i n g M e m o r a n d u m ’ , h a s b e e n o b t a i n e d f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e . S a n d s I n v e s t m e n tG r o u p d o e s n o t d o u b t i t s a c c u r a c y ; h o w e v e r , S a n d s I n v e s t m e n t G r o u p m a k e s n o g u a r a n t e e , r e p r e s e n t a t i o n o r w a r r a n t y a b o u t t h e a c c u r a c y c o n t a i n e d h e r e i n . I t i s t h er e s p o n s i b i l i t y o f e a c h i n d i v i d u a l t o c o n d u c t t h o r o u g h d u e d i l i g e n c e o n a n y a n d a l l i n f o r m a t i o n t h a t i s p a s s e d o n a b o u t t h e p r o p e r t y t o d e t e r m i n e i t s a c c u r a c y a n dc o m p l e t e n e s s . A n y a n d a l l p r o j e c t i o n s , m a r k e t a s s u m p t i o n s a n d c a s h f l o w a n a l y s i s a r e u s e d t o h e l p d e t e r m i n e a p o t e n t i a l o v e r v i e w o n t h e p r o p e r t y , h o w e v e r t h e r e i s n og u a r a n t e e o r a s s u r a n c e t h e s e p r o j e c t i o n s , m a r k e t a s s u m p t i o n s a n d c a s h f l o w a n a l y s i s a r e s u b j e c t t o c h a n g e w i t h p r o p e r t y a n d m a r k e t c o n d i t i o n s . S a n d s I n v e s t m e n t G r o u pe n c o u r a g e s a l l p o t e n t i a l i n t e r e s t e d b u y e r s t o s e e k a d v i c e f r o m y o u r t a x , f i n a n c i a l a n d l e g a l a d v i s o r s b e f o r e m a k i n g a n y r e a l e s t a t e p u r c h a s e a n d t r a n s a c t i o n .

15

TABLE OF CONTENTSS A N D S I N V E S T M E N T G R O U P

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P R I CE $897 ,132

CA P 6 . 75%

NO I $60 ,556

P R I CE P ER SF $224 . 28

OFFERING SUMMARY

INVESTMENT SUMMARY

S A N D S I N V E S T M E N T G R O U P

Sa nds I nve s tm e nt G roup i s P le a se d to P re se n t Exc lu s i ve l y

F o r Sa l e the 4 ,000 SF A p p le Ca re | A r rowhe a d C l i n i c Sub le a se

L oca te d i n Sa va nna h , G A . T h i s D e a l I nc lude s a F re e s t a nd i ng

M e d i ca l O f f i ce B u i l d i ng T ha t i s a n O utp a r ce l to the K rog e r

M a rk e tp l a ce a nd D i ck ’ s Sp o r t i ng G oods Shop p i ng Ce nte r ,

P rov i d i ng F o r a Se cu re I nve s tm e nt .

A D D RESS 7205 Hodg son M e m or i a l D r i ve

Sa va nna h , G A , 31405

CO U NT Y Cha tha m

B U I L D I NG A REA 4 ,000 SF

L A ND A REA 0 . 51 A C

YE A R B U I L T 1976 | Re nova te d 2015

PROPERTY SUMMARY

A C T U A L P R O P E R T Y I M A G E

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HIGHLIGHTS

A P P L E C A R E | A R R O W H E A D C L I N I C S U B L E A S E

§ 100% Occup ied 4 ,000 SF Med ica l Of f i ce Bu i ld ing Leased toApp leCare (11 Un i t s Throughout Georg ia ) and Sub le t toAr rowhead C l in i c (17 Loca t ions )

§ 5+ Years Rema in ing on the App leCare LLC Lease

§ Bu i ld ing Was Fu l l y Renova ted in 2015 , Inc lud ing a New Roofand HVAC

§ 3% Rent Increases Every 2 Yea rs

§ Outpa rce l to a Newly Cons t ruc ted Kroger Marketp lace , D ick ' sSpor t ing Goods Shopp ing Center ; Other Outpa rce l UsersInc lude : Ch ipo t le , Taco Be l l , Panda Express and AT&T

§ Direct Frontage on Hodgson Memor ia l Dr ive (20 ,000 VPD)and Loca ted Near the Ma l l Bou leva rd In te r sect ion (15 ,249VPD)

§ Over 142 ,900 Peop le L ive With in a 5-Mi le Rad ius

§ Loca ted Across From the Og le thorpe Ma l l , Wh ich i s the Hear to f the Area ’ s Ma in Reta i l Cor r ido rs

§ 1 .5-Mi les From the 350 Acre Hunter Army A i r f ie ld andMi l i t a ry Base , Wh ich Emp loys Over 5 ,500 So ld ie r s

§ Savannah ’ s Tota l Number o f V is i to r s in 2018 Increased to14 .5 Mi l l ion Compared to 14 .1 Mi l l ion in 2017 ; Savannah ’ sV i s i to r s Spent a Record Break ing $3 B i l l ion in 2018 - anIncrease o f 3 .2% Compared to the $2 .91 B i l l ion Spent in2017 ; Read More Here

§ For the Pas t 10 Yea rs , the Por t o f Savannah Has GrownFas te r Than Any Other Ma jo r Por t in the U .S . , Ach iev ing aCompound Annua l Growth Ra te o f 4 .5%; Georg ia Por t sAuthor i t y (GPA) Hand led 4 .2 Mi l l ion Twenty-Foot Equ iva len tConta iners Un i t s (TEUs ) in F i sca l Yea r 2018 , For anImpress ive 8 .4% Increase Yea r Over Yea r , o r 325 ,000Add i t iona l Un i t s ; Read More Here

§ Nearby Tenants Inc lude : Bed Bath and Beyond , T . J . Maxx ,Bur l ing ton Coa t Facto ry , Marsha l l s , Be lk , Ba rnes & Nob le ,Ch ick - f i l -A , S ta rbucks , Arby ’ s , BB&T and More

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TENANT AppleCare LLC Master Lease and Ar rowhead Cl i n i c Sublease

PREMISES Bui l d ing of Approx imate l y 4 ,000 SF

LEASE COMMENCEMENT August 6 , 2015

LEASE EXPIRATION October 31 , 2025

LEASE TERM 5+ Years Remain ing

RENEWAL OPTIONS None

RENT INCREASES 3% Every 2 Years

LEASE TYPE Modi f i ed Gross

PERMITTED USE Medica l Of f i ce

PROPERTY TAXES *Landlord ’ s Respons ib i l i t y

INSURANCE *Landlord ’ s Respons ib i l i t y

COMMON AREA Tenant ' s Respons ib i l i t y

ROOF & STRUCTURE Landlord ’ s Respons ib i l i t y

REPAIRS & MAINTENANCE Tenant ' s Respons ib i l i t y

HVAC Tenant ' s Respons ib i l i t y

UTILITIES Tenant ' s Respons ib i l i t y

RIGHT OF FIRST REFUSAL No

*Tenant Pays Increases in Taxes & Insurance Over Base Year (2015)

LEASE SUMMARYA C T U A L P R O P E R T Y I M A G E

SQUAREFOOTAGE

ANNUALBASE RENT

RENT PER SF

4 ,000 SF $82 ,752 $20 .69

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EXPENSES – PAID BY LANDLORD

Taxes $13,901

Insurance $8,295

TOTAL EXPENSES $22,196

NET OPERATING INCOME

AppleCare (Master Tenant For Sublease) $82,752

Total Expenses ($22,196)

NET OPERATING INCOME $60,556

A C T U A L P R O P E R T Y I M A G E

FINANCIALSA P P L E C A R E | A R R O W H E A D C L I N I C S U B L E A S E

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A C T U A L P R O P E R T Y I M A G E S

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Mall Blvd

Hodgson Memorial Dr

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Mall Blvd

Hodgson Memorial Dr

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Abe

rcor

n St

Mall Blvd

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S A V A N N A H | C H A T H A M C O U N T Y | G E O R G I A

Savannah is the oldest city in Georgia and is the county seat of Chatham County. The citywas established in 1733 on the Savannah River and later became the first state capital ofGeorgia. Today, Savannah is an industrial center and an important Atlantic seaport. It isGeorgia's fifth-largest city, with a 2018 estimated population of 145,862 residents. TheSavannah metropolitan area, Georgia's third-largest area, had an estimated population of389,494 residents in 2018. Savannah's downtown area, which includes the SavannahHistoric District, the Savannah Victorian Historic District, and 22 parklike squares, is oneof the largest National Historic Landmark Districts in the U.S. It’s known for manicuredparks, horse-drawn carriages and antebellum architecture. Its historic district is filled withcobblestoned squares and parks such as Forsyth Park shaded by oak trees covered withSpanish moss.

The Port of Savannah, manufacturing, the military, and tourism have become Savannah'sfour major economic drivers in the twenty-first century. In 2009–2017, Savannah wasNorth America's fourth largest port for shipping container traffic. In 2019, the portcontinues to see record growth with a reported 4.5 million, 20-foot equivalent containerunits being moved in the fiscal year. For years, Savannah was the home of Union Camp,which housed the world's largest paper mill. The plant is now owned by InternationalPaper, and it remains one of Savannah's largest employers. Savannah is also home to theGulfstream Aerospace company, maker of private jets, as well as various other largeindustrial interests. TitleMax is headquartered in Savannah. In 2018, the city received 14.5million visitors, generating billions of dollars for local businesses.

The historic district of Savannah is beautiful enough all on its own, but Forsyth Parkdefinitely adds to the charm. The Park includes a beautiful, green, lush landscape with 30acres of trees, flowers and other foliage; it is popular with both tourists and locals alike.Visitors can explore the historic Savannah District on a hop-on, hop-off trolley and seeJohn the Baptist Cathedral, the Temple Mickve Israel, the Sorrel Weed House, the JulietteGordon Low Home, the Mulberry Inn and the Pirates House. The city is home to the RiverStreet where guests can take a ferry down the river or walk on the sidewalks and see theCity’s Market, unique shops and numerous restaurants.

S AVANNAH P O R T S AVANNAH, GAFO R S YTH P AR K

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3 M I L ES 5 M I L ES 10 M I L ES

P O P U L A T I O N 71 ,687 142 ,929 245 ,265

A V ERA G E HH I NC O M E $59 ,239 $60 ,973 $72 ,094

Abe

rcor

n St

(40,

396

VPD

)

Wes

tern

Ave

(22,

051

VPD

)

Harry S Trum

an Pkwy (43,075 VPD

)

(15,249 VPD) Mall Blvd

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TENANT PROFILEA P P L E C A R E L L C

HEADQUARTERSSavannah, GA

COMPANY TYPEPrivate

FOUNDED2004

# OF LOCATIONS11+

WEBSITEapplecaredoctors.com

Founded in 2004 by Dr. Melv in Deese, AppleCare has grown from its s ing le uni t in Brunswick to thelargest Georgia-based operator of urgent care fac i l i t ies . Now headquartered in Savannah GA, andoperat ing 11 cl in ics in centra l and southeast Georgia , AppleCare is a growing operator of urgent carefac i l i t ies focus ing on the del ivery of non-appointment-based medic ine to the immediate care andpr imary care pat ient market .

AppleCare is structured to treat non-emergent , unexpected heal th problems and perform bas icpr imary care for those pat ients who are not ab le to get near term appointments or who do not have afami ly doctor , with min imal wait ing t ime and a fract ion of the cost of an emergency room. Theirpract ices are operated by board cert i f ied phys ic ians , phys ic ian ass is tants , nurse pract i t ioners andsupported by spec ia l ly tra ined and cert i f ied staff members . Th is staff inc ludes exper ienced c l in ic ianswith extens ive medica l tra in ing in the diagnos is and treatment of urgent care problems.

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TENANT PROFILEA R R O W H E A D C L I N I C

HEADQUARTERSSavannah, GA

COMPANY TYPEPrivate

FOUNDED1977

# OF LOCATIONS17+

WEBSITEarrowheadclinic.com

Founder and st i l l act ive pract ic ing doctor , Dr . Harry W. Brown, D.C. , a nat ive of At lanta , Georgia andgraduate of Logan Col lege of Chiropract ic opened his f i rs t Chiropractor Off ice in Savannah,Georgia in 1977. His commitment and car ing dedicat ion to his pat ients was instant ly recognized inthe community .

In 1979, Dr . Harry W. Brown, D.C. moved back to his home in At lanta and opened his secondChiropract ic Off ice in Jonesboro , Georgia . Through a commitment to the highest levels of pat ientcare , Arrowhead quick ly became the largest Chiropract ic fac i l i ty in Georgia . Today, Arrowhead Cl in ichas 17 Chiropract ic Cl in ics in the At lanta , Athens , Savannah, Brunswick , Albany and Hinesvi l le areas .

I t i s with the same car ing att i tude and dedicat ion for people that led to the success of ArrowheadCl in ics that c l ients wi l l f ind in each and every one of Dr . Harry W. Brown, D.C. Chiropract icOff ices today. From car acc idents to genera l back pain to sports and work in jur ies , the expertChiropractors put together non- invas ive ch iropract ic treatment p lans to help re l ieve customer ’s pa in .The c l in ic focuses on the problem and how to get r id of the cause, which in turn al lev iates thesymptoms that they are exper ienc ing. S ince 1977, Arrowhead Cl in ic has been proudly treat ingpat ients a l l over Georgia and Tennessee.

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The i n f o rma t i o n con t a i n ed i n t h e fo l l ow i n g Of f e r i n g Memo randum i s p rop r i e t a r y a nds t r i c t l y c on f i d en t i a l . I t i s i n t e nded to be r e v i ewed on l y by the pa r t y r e c e i v i n g i t f r omSand s I n ve s tmen t G roup and shou l d no t be made a va i l a b l e t o any o the r pe r s on o r en t i t yw i t hou t t h e wr i t t e n con sen t o f S and s I n ve s tmen t G roup .

Th i s O f f e r i n g Memo randum ha s been p r epa r ed to p ro v i d e summa ry , unve r i f i e di n f o rma t i o n to p ro spe c t i v e pu r c h a s e r s , a nd to e s t a b l i s h on l y a p r e l im i n a r y l e ve l o fi n t e r e s t i n t h e sub j e c t p rope r t y .

The i n f o rma t i o n con t a i n ed he r e i n i s no t a s ub s t i t u t e f o r a t ho rough due d i l i g e n c ei n ve s t i g a t i o n , a nd make s no wa r r a n t y o r r e p r e s en t a t i o n , w i t h r e s pe c t t o t h e i n come o re x pen se s f o r t h e sub j e c t p rope r t y , t h e f u t u r e p ro j e c t e d f i n a n c i a l p e r f o rmance o f t h ep rope r t y , t h e s i z e a nd squa r e f oo t a g e o f t h e p rope r t y a nd imp ro vemen t s , t h e p r e s en c eo r a b s en ce o f c on t am i n a t i n g s ub s t a n c e s , PCB ’ s o r a s be s t o s , t h e comp l i a n c e w i t h S t a t ea nd Fede r a l r e gu l a t i o n s , t h e phy s i c a l c o nd i t i o n o f t h e imp ro vemen t s t h e r eon , o r t h ef i n a n c i a l c o nd i t i o n o r bu s i n e s s p ro spe c t s o f a ny t e n an t , o r a ny t e n an t ’ s p l a n s o ri n t e n t i o n s t o con t i n ue i t s o c cupanc y o f t h e sub j e c t p rope r t y .

The i n f o rma t i o n con t a i n ed i n t h i s O f f e r i n g Memo randum ha s been ob t a i n ed f r omsou r c e s we be l i e v e to be r e l i a b l e ; howeve r , S a nd s I n ve s tmen t G roup ha s no t ve r i f i e d ,a nd w i l l n o t v e r i f y , a n y o f t h e i n f o rma t i o n con t a i n ed he r e i n , no r h a s S and s I n ve s tmen tG roup conduc t ed any i n ve s t i g a t i o n r e g a r d i n g t h e s e ma t t e r s a nd make s no wa r r a n t y o rr e p r e s en t a t i o n wha t s o e ve r r e g a r d i n g t h e a c cu r a c y o r c omp l e t e ne s s o f t h e i n f o rma t i o np ro v i d ed . A l l p o t e n t i a l b u ye r s mus t t a k e app rop r i a t e mea su r e s t o ve r i f y a l l o f t h ei n f o rma t i o n s e t f o r t h he r e i n .

B y r e c e i p t o f t h i s Memo randum , you a g r e e th a t t h i s Memo randum and i t s c on t en t s a r eo f c on f i d en t i a l n a t u r e , t h a t you w i l l h o l d a nd t r e a t i t i n t h e s t r i c t e s t c on f i d en c e andth a t you w i l l n o t d i s c l o s e i t s c on t en t s i n a ny manne r de t r imen t a l t o t h e i n t e r e s t o f t h eOwne r . Y ou a l s o a g r e e th a t b y a c c ep t i n g t h i s Memo randum you ag r e e to r e l e a s e S and sI n ve s tmen t G roup and ho l d i t h a rm l e s s f r om any k i nd o f c l a im , c o s t , e x pen s e , o r l i a b i l i t ya r i s i n g ou t o f you r i n ve s t i g a t i o n and /o r pu r c h a s e o f t h i s p r ope r t y .

CONFIDENTIALITY AGREEMENT

S A N D S I N V E S T M E N T G R O U P

A C T U A L P R O P E R T Y I M A G E S

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18EX C LU S I VELY M AR K ET ED BY :

I n Coopera t ion With Sands Inves tment Group At l anta , LLC - L ic . # 67374

DOUG ROLANDLic. # 73064

706.814.2217 | [email protected]

AMANDA REEVESLic. # 307133

843.608.9585 | [email protected]

ANDREW ACKERMANLic. # 311619

770.626.0445 | [email protected]

AppleCare LLC7205 Hodgson Memor ia l Dr ive

Savannah , GA 31405