Tenant: BI-LO Premises: 32,998 SF Renewal Options: 4 x 5 Years
Lease Expiration: 6/30/2025 Lease Type: Absolute NNN Rental Increases: 7.5% Every 5 Years
Absolute NNN Lease – Zero Landlord Responsibilities
Potential for Additional Income Through Percentage Rent
Corporate Guarantee from Southeastern Grocers, LLC (Parent Company to BI-LO) – Southeastern Grocers is the 5th Largest Supermarket in the U.S and 2nd Largest in the Southeast
Strong Sales – 2016 Year End Reported at $14,374,459; $436 Per Square Foot; 2.65% Rent-to-Sales Ratio
Immediate Proximity to Carolina Elementary School and Hartsville High School
Hartsville is the Largest City in Darlington County, South Carolina
Hartsville is Home to Coker College and Florence-Darlington Technical College with Over 7,000 Students Combined
Originally founded in 1961 by Frank Outlaw, BI-LO employs more than 13,000 associates who serve customers in grocery stores and in-store pharmacies throughout the three southeastern states of Georgia, North Carolina and South Carolina.
BI-LO is a supermarket chain owned by Southeastern Grocers. As of October 2015, the company operates 164 supermarkets under the BI-LO brand in South Carolina, North Carolina and Georgia.
Southeastern Grocers LLC, parent company and home of BI-LO, Harveys, Winn-Dixie and Fresco y Más grocery stores, is the fifth-largest conventional supermarket chain in the U.S. and the second-largest conventional supermarket in the southeast based on store count.