Quite often we hear from our larger real estate clients regarding their inability to locate above average return, long term investment properties. Our colleagues tell us how many of their clients are acquiring commercial real estate with average returns in the 4-5% range mainly due to lack of viable options in today's marketplace. We are about to bring a warehouse distribution portfolio to market with 4-10 year NNN leases in place producing a true 9%+ CAP Rate. The assets are located in major MSA's in the southeast backed by a strong tenant. All of the boxes investors look for in a high yield portfolio have been checked prior to our introduction of this asset to the marketplace. Seller and Tenant are amenable to adjusting lease terms to meet a qualified buyers needs.

1. Jerome E Lewless II
Florida Licensed Real Estate Broker
Smith McIntosh Properties, Inc.
1971 Lee Road Suite B
Winter Park, FL 32789
Cellular: 407-353-8139
Skype: jlewless
www.smithmcintosh.com
10/18/2016

2. Quite often we hear from our larger real estate clients regarding their inability to locate above average return, long
term investment properties. Our colleagues tell us how many of their clients are acquiring commercial real estate with
average returns in the 4-5% range mainly due to lack of viable options in today's marketplace.
We are about to bring a warehouse distribution portfolio to market with 4-10 year NNN leases in place producing a
true 9%+ CAP Rate. The assets are located in major MSA's in the southeast backed by a strong tenant. All of the
boxes investors look for in a high yield portfolio have been checked prior to our introduction of this asset to the
marketplace. Seller and Tenant are amenable to adjusting lease terms to meet a qualified buyers needs.
Thomaston, GA: Estimated Cost to Build: $32,000,000.00USD10/18/2016

3. 10/18/2016

4. Financials Based on Current Leases
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Location Sq./Ft.
Lease Start
Date
Term in
Years
Lease Rate
per Sq./Ft. Est. NOI
CAP RATE
Target Target Price Year Built
Memphis, TN 40,000 2/1/2016 4 $ 2.75 $ 110,000.00 1985
72,000 6/1/2016 6 $ 4.70 $ 338,400.00
9,000 6/1/2016 6 $ 6.13 $ 55,170.00
$ 503,570.00 9% $ 5,595,222
Fort Myers, FL 14,020 9/1/2016 6 $ 8.00 $ 112,160.00 9% $ 1,246,222 1979
Thomaston, GA 433,000 10/1/2016 8 $ 2.00 $ 866,000.00 9% $ 9,622,222 1994
Highpoint, NC 46,000 12/1/2016 10 $ 5.00 $ 230,000.00 9% $ 2,555,556
Manning, SC 70,960 10/1/2016 8 $ 4.00 $ 283,840.00 9% $ 3,153,778 1985
Jacksonville, FL 157,355 11/1/2016 8 $ 4.50 $ 708,097.50 9% $ 7,867,750 1971
TOTALS 842,335 $ 2,703,668 9% $30,040,750

5. Tenant
Formed in 1960, this tenant has now become one of the largest and most successful distribution companies in the
South East of the United States and one of the top 3 largest bookers in the Specialized Transportation Industry.
Today the company has 15 locations nationally, and employs over 300 employees with estimated revenues for 2017
exceeding $22,000,000.00USD
The company represents numerous Fortune 500 companies, such as Electrolux, Dick’s Sporting Goods, American
Woodmark, Sears, The Trane Corporation, Dollar General as well as hundreds more local and regional
companies. They have become Florida’s leading distribution company, and have done so because they have delivered
as promised for almost 60 years.
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6. Due Diligence Items in Possession
• Fully executed leases
• Vendor Agreements
• Financial Statements for Assets
• Tenant Company Financial Statements
• Tenant Company Owner Personal Financial Statements
• Tenant Bank References
• Tenant Client References
• Seller Due Diligence Materials
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7. Terms
• Cash at Closing
• 30 Day Due Diligence Period
• Close within 30 Days of Completion of Due Diligence
• Seller and Tenant are readily willing and able to be available to
expedite the sales process
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8. Assets are Being Sold Below Replacement Cost
Neither Broker nor any of their respective officers, directors, employees or agents has made nor will make any representation or warranty, expressed or implied, as to
the accuracy or completeness of the Confidential Information and no legal liability is assumed or shall be implied with respect thereto. The Confidential Information
has been or will be gathered from sources that are deemed reasonably reliable, but Broker does not warrant or represent that the Confidential Information is true or
correct. Recipient is strongly advised to verify the Confidential Information independently. Broker reserves the right to change the price, or any Confidential
Information provided or to withdraw the Property or any portion thereof from the market at any time without notice. While Owner and/or Broker may discuss the
purchase and sale of the Property, either Owner or Broker, in their sole and absolute discretion, may terminate discussions at any time and for any reason or for no
reason. Recipient acknowledges that Broker has no obligation to discuss or agree to the sale of the Property or any portion thereof. The discussions may be lengthy
and complex, notwithstanding that Owner and Broker may reach one or more oral understandings or agreements on one or more issues they are discussing, neither
Owner nor Broker shall be bound by any oral agreement of any kind and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or
exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by the party to be bound. Recipient
understands that Broker has no power or authority to bind Owner to any agreement.
10/18/2016