HAZELHURST WALMART LAND

Transkript

1 Offering Memorandum HAZELHURST WALMART LAND 136 E Jarman St, Hazlehurst, GA ELLIOTT KYLE VICE PRESIDENT INVESTMENT SALES ekyle@skylineseven.com Skyline Seven Real Estate CHASE MURPHY TYLER HANCOCK INVESTMENT SALES ASSOCIATE INVESTMENT SALES ANALYST cmurphy@skylineseven.com thancock@skylineseven.com

2 Investment Overview Price $425,000 Highlights 8.79 Acres, $48,350 per acre Development opportunity for creating a Walmart shadow center next to Walmart Supercenter Average household income expected to increase 12.06% over the next 5 year Overview This investment offering is an excellent opportunity to acquire land adjacent to a Walmart Supercenter in Hazelhurst, Georgia. The investment includes 8.79 acres of land with access to Golden Isles Parkway, the main thoroughfare in the city. The land creates an opportunity for developers to build a shadow center of a Walmart Supercenter or self storage facility. The Walmart Supercenter is a staple in Hazelhurst and where residents shop for their groceries, pharmacy, electronics, home furniture, clothes and other retail items. The nearest Walmart is 15 miles away in Baxley, with all of the other locations more than 30 miles away. The Hazelhurst Walmart Supercenter does not get customers from Baxley but does have a large reach, attracting citizens of Lumber City, McRae, Alamo and Mount Vernon. Hazelhurst is also experiencing increasing household income, with the average household income expected to increase 12.60% over the next 5 years. Area Information Hazelhurst is a historic city located in southeast Georgia which came into existence as a depot and popular stop on the Macon and Brunswick Railroad. Located in Hazelhurst is the Altamaha River, where Oconee River and Oculgee Rivers meet. The Altamaha is a popular place for fisherman and tourists alike to see to experience the Georgia Outdoors. Hazelhurst is a leading city in Georgia s Forestry and Wood Products industry with 5,572 people employed by Beasley Forest Products, Thompson Hatwood and Pallet One. Metal Fabrication is also a major industry with 1,648 people employed along with another 5,739 people employed in Advanced Manufacturing by McPherson Manufacturing, EP American Footwear and Propex. In addition, Hazelhurst also is home to the Hazelhurst BBQ Fest, a Georgia Barbeque Association sanctioned event with people coming from all across the southeast to compete.

3 Parcel

4 Retailer Map Subject

5 Location Map Subject

6 Location Map Subject

7 Demographics Population Three-Mile Five-Mile Ten-Mile 2017 Population 7,302 11,083 17, Population 7,408 11,011 17,327 5 Year Projected 7,166 10,963 17,365 Growth 2010 to % 0.65% 1.03% Projected Growth 2017 to % -1.08% -0.81% Households 2017 Population 2,733 4,121 6, Population 2,782 4,108 6,515 5 Year Projected 2,677 4,069 6,496 Growth 2010 to % 0.32% 0.66% Projected Growth 2017 to % -1.26% -0.95% Income 2017 Average Household Income $44,380 $44,682 $45,581 5 Year Projected $50,054 $50,309 $51,509 Projected Growth 2017 to % 12.59% 13.01% Race White 65.2% 69.6% 71.9% Black 22.7% 18.8% 17.7% American Indian/Eskimo 0.2% 0.3% 0.3% Asian 0.8% 0.8% 0.6% Other Race 9.7% 9.2% 8.1% Hispanic Ethnicity (Any Race) 13.7% 13.0% 11.5%

8 SKYLINE SEVEN EXPERTS ELLIOTT KYLE VICE PRESIDENT CHASE MURPHY ASSOCIATE TYLER HANCOCK ANALYST Elliott is responsible for Skyline Seven s Investment Sales Division and is one of Atlanta s top sales producers. Elliott offers a breadth of brokerage experience having represented private investors, institutions and lenders/special servicers. Over the last 10 years alone, Elliott closed real estate transactions in excess of $450,000,000. Chase is an investment sales associate representing both buyers and sellers of commercial properties. Chase has developed a vast knowledge of transactional real estate and a commitment to navigating his clients to profitable closings. Over the last 3 years alone, Chase closed real estate transactions in excess of $100,000,000. Tyler is an investment sales analyst and is responsible for supporting the team in all aspects. Specifically, Tyler focuses on financial underwriting, due diligence management and the closing process. Prior to joining Skyline Seven, Tyler worked with the Retail Services team at Colliers International.