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15-year leasebrand new construction 540 Chase Creek Street, Clifton, AZ 85533
Click for Map [ www.CapitalPacific.com ]
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Dollar general$5.3 Billion in 2015 Revenue
RentAble SF . . . . . . . . . . . 9,002 SFPRiCe PeR SF . . . . . . . . . . . $207.07CuRRent Rent . . . . . . . . $13.15/SF
PRICE: $1,821,046CAP: 6.50%
investment highlights
NEW NNN DOLLAR GENERAL IN CLIFTON, AZ. ThE sTORE Is OPEN AND PERFORmING vERy WELL.
John [email protected] | (415) 274-2715CA BRE# 01440360
Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team.
Listing Team Contact Info
In conjunction with AZ Licensed Broker: Jessica Zahn Gibson, CIA Brokerage Company 619-863-0840 | [email protected]
[ representative photo]
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
doLLAR GEnERAL | 2
property highlightsThe property has opened to very strong sales due to its central location and low cost of daily needs products. Population growth in one, three and ten mile radii. The subject property benefits from its proximity to the Freeport-McMoRan’s Morenci mine site, one of the largest copper mines in the world.
investment grade Creditdollar General’s credit is BBB and the company’s credit rating has been raised five times since 2009, most recently in october 2015. dollar General has a better credit rating than both of its large competitors.
strong tenantduring fiscal 2015, dollar General opened about 730 new stores and has plans to open more in fiscal year 2016.
dollar General has more stores (12,483 +) than any other dollar store in the country and is currently the largest dollar store chain. In the 6+ years since going public in late 2009, the dollar General stock price has approximately quadrupled (from $21 to $83).
In fiscal 2015, the tenant achieved its 26th consecutive year of same-store sales growth.
lease highlights15-year primary lease term with three (3) five-year options.
10% rental increases every 5 years during the option periods.
Absolute net lease.
Brand new construction.
core characteristics
ATTRACTIVE FINANCING AVAILABLE:
Up to 75% Leverage5 Year Fixed – 3.98% - 25 Year Amortization10 year Fixed – 4.58% - 25 year Amortization
0.25% Loan Fee plus 3rd party appraisal & title*Contact Agents for Details
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This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
doLLAR GEnERAL | 3
aerial
191
191
191
191
191
191
Chase Creek Street
Coronado trail
Comb Street
Fairbanks Road
burro Alley
Coronado Drive
Reservation Road
Rive
rsid
e Dr
ive
Ward Canyon Road
Shannon Road
Frisco Avenue
Clifton High School
Fairbanks elementary
longfellow elementary
Morenci Jr. Sr. High School
LAW OFFICE
LOS MENDOZA TACO SHOP
MORENCI THEATRES
MORENCI LANES
MORENCI MOTEL
HARALSON AUTO
SERVICES & TIRE
CENTER
ANDY’S ALTERATION
SHOP
GRANNY’S ATTIC
CHASE CREEK MARKETPLACE
PJ’S CAFEGREENLEE PRINTING
R&R PIZZA EXPRESS
MERLE’S AUTO SUPPLY
GOLDEN CITY CHINESE
TYLER’S TASTE OF
TEXAS
GREENLEE FLORIST
CLIFTON TIRE & AUTO
THE LIQUOR STORE
RODE INN
El Corralito
CITY OF CLIFTON
TUCSON
15,436 DAILY
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.doLLAR GEnERAL | 4
[ REPRESENTATIVE PHOTO ]
PRICE $1,821,046 Price Per Square Foot: $202.29
Capitalization Rate: 6.50%
Total Rentable Area (SF): 9,002
Lot Size (AC): 1.00
STABILIZED INCOME Per Square FootScheduled Rent $13.15 $118,368
Effective Gross Income $13.15 $118,368
LESS Per Square FootTaxes nnn $0.00
Insurance nnn $0.00
Total operating Expenses nnn $0.00
EQUALS NET OPERATING INCOME $118,368 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
income & expense
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doLLAR GEnERAL | 5
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
rent roll
TENANT INFO LEASE TERMS RENT SUMMARY
Tenant name Sq. Ft. Term Current Rent
MonthlyRent
YearlyRent
MonthlyRent/FT
YearlyRent/FT
dollar General 9,002 4/1/2016 3/31/2031 $118,368 $9,864 $118,368 $1.10 $13.15
option 1 4/1/2031 3/31/2036 $10,850 $130,200 $1.21 $14.46
option 2 4/1/2036 3/31/2041 $11,935 $143,220 $1.33 $15.91
option 3 4/1/2041 3/31/2046 $13,128 $157,536 $1.46 $17.50
totals: 9,002 $118,368 $9,864 $118,368 $1.10 $13.15
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site plan
This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies.
Site PlAn Key
PARCEL ouTLInE:
LAnd AREA: 1.00 AC
BuILdInG AREA: 9,002 SF
InGRESS/EGRESS:
Chase Creek Street
liGHteD PylOn SiGn
uS Highway 191191 15,436 DAily
doLLAR GEnERAL | 7
COMPAny tyPe: PUBLIC (NysE: DG)
FiSCAl 2015 SAleS $20.4 BILLION
S&P 500 CReDit RAtinG BBB (see next page)
2015 FORtune 500 #159
nuMbeR OF StOReS 12,483
dollar general is the country’s largest
small-box discount retailer
ABouT doLLAR GEnERALdollar General (nYSE: dG) is a chain of more than 12,483 discount stores in 43 states, primarily in the South, East, Midwest, and Southwest. offering basic household items, such as cleaning supplies, health and beauty aids, apparel, and food, it targets low, middle, and fixed-income shoppers.
The company has grown into the country’s largest small-box discount retailer. Stores are often located in small towns off the radar of giant discounters. one of dollar General’s main advantages is that it offers prices as low or lower than Walmart but in more convenient locations. dollar General has more stores than any other retailer and is easily the largest dollar store chain.
The company ranks 159th within the Fortune 500 list. Fiscal 2015 revenues exceeded $20.4 billion with a net income of $1.17 billion, and net worth of $5.3 billion. on March 10, 2016 dollar General reported its fourth quarter and full year 2015 financial results. The report was quite good and the stock price rose on the news. The fiscal quarter reported in May 2016 was also very strong. As of June 1st, the stock price is up 20% YTd to a 52-week high.
dollar General enjoys a strong credit rating, see next page.
tenant overview
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This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. doLLAR GEnERAL | 8
THE THREE LARGEST doLLAR SToRE CHAInS, RAnkEd BY 2015 REvEnuE, ARE:
doLLAR GEnERAL
FAMILY doLLAR
doLLAR TREE
2
3
1
ABouT THE STRonG doLLAR GEnERAL CREdIT RATInG
In July, 2015, Family dollar was acquired by dollar Tree and ceased to be a public company.
dollar Tree took on billions of dollars of debt to acquire Family dollar, and that negatively impacted the credit rating of both of these companies. Moreover, Family dollar, as a subsidiary of dollar Tree, no longer issues separate financial statements.
The best known rating agency, Standard & Poor’s, downgraded Family dollar in July, with dollar Tree having already been downgraded.
The combined dollar Tree-Family dollar entity will have approximately the same amount of revenue as dollar General, but more debt, hence the lower credit rating.
dollar general is now the only dollar store chain with an investment grade rating. dollar general has been credit-upgraded five times since going public in 2009, most recently in october, 2015. it is now rated “BBB” by standard & poor’s, and it has an equivalent rating from moody’s.
tenant credit rating
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This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
doLLAR GEnERAL | 9
AbOut CliFtOn, AZClifton is the county seat of Greenlee County, Arizona, along the San Francisco River. The city is served by u.S. Route 191 and the Arizona Eastern Railway.
Clifton and Morenci are trade centers for tourists driving the popular Coronado Trail or touring the historic Chase Creek business district.
Mining and mineral processing dominate the economy in the Clifton/Morenci area. The Morenci mining district has evolved into a world class operation accounting for approximately 18% of the world copper production. The largest employer in Morenci is Freeport-McMoRan, owner of the Morenci Mine (the largest copper mining operation in north America) and one of the largest copper mines in the world.
lubbock 106 Miles, 1 Hour 35 Min
location & demographics
CLIFTON
DOllAR GeneRAl MARKet lOCAtiOn
ReGiOnAl MAP
POPULATION
2015 HOUSEHOLD INCOMES
PHOENIX208 MILES
1-mile 3-mile 10-mile
2010 992 4,835 5,9452015 1,002 5,685 7,0232020 1,030 6,492 7,909
1-mile 3-mile 10-mile
Average $50,584 $62,858 $61,467
TOP EMPLOYERS IN GREENLEE COUNTYFreeport-McMoRan - Morenci MineClifton unified School districtGreenlee CountyMorenci Health Care Center
TUCSON
168 MILES
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
doLLAR GEnERAL | 10
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[ Copyright © 2016 Capital Pacific ]
CHRiS KOStAneCKi
CHRiS PeteRS
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JACK nAvARRA
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JOe CACCAMO
GReGG Steele
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Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team.JOHn AnDReini
[email protected] | (415) 274-2715 CA BRE# 01440360
In conjunction with AZ Licensed Broker: Jessica Zahn Gibson, CIA Brokerage Company 619-863-0840 | [email protected]
[ representative photo]
