JIMMY JOHN’S & RED OWL COFFEE - Matthews · A Jimmy John's Jan-20 Dec-30 1,527 53.75% $48,864 $4,072 4x5 Years B Red Owl Coffee Jan-20 Dec-30 1,314 46.25% $28,908 $2,409 Year 5

1O FF E R I N G M E M O R A N D U M

2 2 1 9 N O R T H T I F T A V E N U ET I F T O N , G A 3 1 7 9 4

JIMMY JOHN’S & RED OWL COFFEE

LISTED BY:

SHAWN MAXEY Sales Associate

D: (850) 477-7044 M: (850) 240-1252

JOHNNY BLUE CRAIGRegional Director | Inv.

D: (404) 410-9201 M: (850) 509-8733

E: [email protected] No. SL3331383 (FL)

PEDRUM LAVASSANIAssociate

D: (404) 445-1099 M: (678) 266-8488

E: [email protected] No. 391206 (GA)

BROKER OF RECORDKyle Matthews

License No. 67120 (GA)

LONG BEACH, CA 3

Property Description

TABLE OF CONTENTS

Executive Overview

Property Overview

Financial Overview

Tenant Overviews

Area Overview

508101214



Jimmy John’s & Red Owl Coffee4

» 2018 CONSTRUCTION: State of the art building with no cap-ex concerns.

» LONG-TERM, 10-YEAR, NNN LEASES: Tenants fully reimburse taxes, insurance, common area maintenance, and management.

» PERFECT TRADE AREA FOR JIMMY JOHN’S AND COFFEE: The property is less than 1-mile from Tifton Regional Hospital that employs over 135 busy physicians. Both patients and the medical staff require coffee and quick lunches every-day.

E X E C U T I V E O V E R V I E W

OCCUPANCY: 100%GLA: ±2,841 SFYEAR 1 NOI: $77,772LIST PRICE: $1,111,029 CAP RATE: 7.00%

Tifton, GA 5

P R O P E R T Y O V E R V I E W

Name Jimmy John's & Red Owl Coffee

Address 2219 North Tift Avenue

City, State Tifton, GA

APN T052-144

Land Area +/-1.2 acres

Year Built / Year Renovated 2019

Parking Ratio +/- 0.00/1,000

Property Type Freestanding Retail

Gross Leasable Area +/-2,841

Total Tenants 2

Current Occupancy 100.0%

Average Remaining Term 10 Years

ASSET OVERVIEW

PARCEL MAP


CO

FFE

E C

OM

PA

NY

E . 2 4 T H S T

TIF

T A

VE

N.

TOTAL SQFT: 2,841 SF

TENANT ROSTERSUITE TENANT SQUARE FEET

A Jimmy John's 1,527

B Red Owl Coffee 1,314

Totals 2 Suites 2,841 SF

S I T E P L A N

Tifton, GA 7


T I F T A V E

1 3 5 F U L L- T I M E P H Y S I C I A N S

Tifton, GA 9

F I N A N C I A L O V E R V I E W

IN PLACETOTAL $/SF

Income

Other Income $77,772 $27.37

Reimbursement Revenue NNN

Effective Gross Income $77,772 $27.37

Expenses

Real Estate Taxes NNN

Insurance NNN

CAM NNN

Total Operating Expense NNN

Net Operating Income $77,772 $27.37

INCOME AND EXPENSES

SUITE TENANT LEASESTART

LEASEEND

SQUAREFEET % OF GLA

CONTRACT RENTAL RATERENT INCREASES OPTIONS

YEAR MONTH

A Jimmy John's Jan-20 Dec-30 1,527 53.75% $48,864 $4,072 4x5 Years

B Red Owl Coffee Jan-20 Dec-30 1,314 46.25% $28,908 $2,409 Year 5 10% Increase 4x5 Years; 8% increase

Totals 2,841 100% $77,772 $6,481

RENT ROLLT I F T A V E

1 3 5 F U L L- T I M E P H Y S I C I A N S


Tifton, GA 11


TIFTON, GEORGIATifton, known as the “Friendly City”, is a community located in South Georgia that truly exemplifies southern hospitality. Located just off Interstate 75, Highway 82, Highway 319, and US 41, residents are anxious to extend some of that hospitality to visitors and prospective newcomers alike. Tifton is a progressive City ready to accommodate your needs whether they be for a short time, relocation, or looking for a new business or industrial site.

Named for the second time as one of “The 100 Best Small Towns in America” in 2001, Tift County is an ideal business and residential location due to the balance between availability of business services, city style amenities and quality of life. Tifton offers a wonderful lifestyle for young professionals, families and senior citizens.

POPULATION 1 MILE 3 MILE 5 MILE2025 Projection 5,789 23,290 30,5322020 Estimate 5,670 22,769 29,8142010 Census 5,633 22,490 29,323

HOUSEHOLDS 1 MILE 3 MILE 5 MILE2025 Projection 2,514 8,686 11,4592020 Estimate 2,450 8,469 11,1502010 Census 2,400 8,312 10,863Growth 2020-2025 2.61% 2.56% 2.77%Growth 2010-2020 2.08% 1.89% 2.64%

INCOME 1 MILE 3 MILE 5 MILEAverage Household Income $67,408 $54,730 $59,210Median Household Income $48,989 $37,498 $40,879

DEMOGRAPHICS

A R E A O V E R V I E W

Tifton, GA 13

This Offering Memorandum contains select information pertaining to the business and affairs of Jimmy John’s & Red Owl Coffee located at 2219 North Tift Ave, Tifton, GA 31794 (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum for the Property, you agree:

1. The Offering Memorandum and its contents are confidential;2. You will hold it and treat it in the strictest of confidence; and3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental

to the interest of the Seller.

Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

CONFIDENTIALITY AGREEMENT & DISCLAIMER


O FF E R I N G M E M O R A N D U M



LISTED BY:

SHAWN MAXEY Sales Associate

D: (850) 477-7044 M: (850) 240-1252

JOHNNY BLUE CRAIGRegional Director | Inv.

D: (404) 410-9201 M: (850) 509-8733

E: [email protected] No. SL3331383 (FL)

PEDRUM LAVASSANIAssociate

D: (404) 445-1099 M: (678) 266-8488

E: [email protected] No. 391206 (GA)

BROKER OF RECORDKyle Matthews

License No. 67120 (GA)

Documents

JIMMY JOHN’S & RED OWL COFFEE - Matthews · A Jimmy John's Jan-20 Dec-30 1,527 53.75% $48,864 $4,072 4x5 Years B Red Owl Coffee Jan-20 Dec-30 1,314 46.25% $28,908 $2,409 Year 5