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newly remodeled with 10-year lease 30 miles from colorado springs555 Crystola Street, Calhan, CO 80808
Family DollarRARE WESTERN STATE LOCATION
[ Subject property ]
www.CapitalPacific.com
BUILDING SF. . . . . . . . . . . . 10,080 SFLOT SIZE . . . . . . . . . . . . . . . 1.03 ACPRICE PER SF . . . . . . . . . . . $113.18 YEAR RENOVATED . . . . . . 2017
PRICE: $1,140,811CAP: 7.40%
NEWLY REMODELED FAMILY DOLLAR WITH A 10-YEAR LEASE LOCATED IN CALHAN, COLORADO. THE SUBJECT PROPERTY IS SITUATED ALONG U.S. ROUTE 24, APPROXIMATELY 30 MILES FROM COLORADO SPRINGS.
Zandy [email protected] | (415) 274-2707NV COOP. 0000230-AUTH CA BRE# 01734525
[ subject property ]
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investment highlights
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.
Listing Team Contact Info
Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team.
dave [email protected] | (415) 274-7390NV RED #1001411
Nevada residents and licensees please contact NV licensed listing broker:
Non-Nevada residents and licensees please contact:
Listing Team Contact Info
Listed in conjunction with CO Licensed Broker:David Leuthold of Leuthold Commercial [email protected] | (303) 871-9000
Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team.
zandy [email protected] | (415) 274-2707CA BRE# 01734525
The subject property has a brand new 10-year lease and opened for business in August. It is located in El Paso County, which is included in the Colorado Springs Metropolitan Statistical Area, which has over 688,000 residents according to the 2016 US Census. Family Dollar provides one of the few “daily needs” shopping options along U.S. Route 24, servicing a traditional rural Family Dollar population.
FAMILY DOLLAR | 2
core characteristics
newly renovated with corporate10-year lease
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.
LEASE HIGHLIGHTS
• New 10-year corporate NN lease.
• There are six (6) five (5) year options with rental increases.
• Building renovated in 2017 (call Agent for details).
• Family Dollar is the second largest dollar store in the nation.
LOCATION HIGHLIGHTS
• Situated along U.S. Route 24 between Colorado Springs and Limon, CO, with approximately 4,700 VPD.
• Calhan is less than an hour from Colorado Springs, two hours from Denver, and two and a half hours from Boulder.
• There are over 34,000 students attending college within 37 miles at schools such as University of Colorado - Colorado Springs, Colorado College, and Pikes Peak Community College.
• This is the only Family Dollar within 30 miles along U.S. Route 24.
CORPORATE TENANT
In July, 2015, Family Dollar was acquired by, Dollar Tree, Inc. The acquisition price for Family Dollar was $9 billion in cash and Dollar Tree stock. The combined Dollar Tree-Family Dollar entity is now the largest discounter in North America with over 13,000 stores in 48 states and Canada with annual sales of over $20 billion. Both brands will continue to operate separately.
[ subject property ]FAMILY DOLLAR | 3
aerialSUBJECT PROPERTY IS JUST 30 MILES FROM BOOMING COLORADO SPRINGS
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.
DENVER
86 MILES
35 MILES
COLORADO SPRINGS
FAMILY DOLLAR | 4
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
[ subject property ]
PRICE $1,140,811 Price Per Square Foot: $113.18
Capitalization Rate: 7.40%
Total Rentable Area (SF): 10,080
Lot Size (AC): 1.03
STABILIZED INCOME Per Square Scheduled Rent $8.48 $85,500
Effective Gross Income $8.48 $85,500
LESS Per Square Taxes NNN $0.00
Insurance NNN $0.00
Roof & Structure Reserve ($.10) ($1,080.00)
Total Operating Expenses ($1,080.00)
EQUALS NET OPERATING INCOME $84,420
FAMILY DOLLAR | 5
rent roll
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.
TENANT INFO LEASE TERMS RENT SUMMARY
Tenant Name Sq. Ft. Term Current Rent
Monthly Rent
Yearly Rent
Monthly Rent/FT
Yearly Rent/FT
Family Dollar 10,080 08/31/17 08/30/27 $85,500 $7,125 $85,500 $0.71 $8.48
Option 1 08/31/27 08/30/32 $7,855 $89,775 $0.78 $8.91
Option 2 08/31/32 08/30/37 $7,855 $94,263 $0.78 $9.35
Option 3 08/31/37 08/30/42 $8,246 $98,949 $0.82 $9.82
Option 4 08/31/42 08/30/47 $8,658 $103,896 $0.86 $10.31
Option 5 08/31/47 08/30/52 $9,070 $108,844 $0.90 $10.80
Option 6 08/31/52 08/30/57 $9,524 $114,287 $0.94 $11.34
Totals: 10,080 $85,500 $7,125 $85,500 $0.71 $8.48
[ subject property ]FAMILY DOLLAR | 6
site plan
SITE PLAN KEY
PARCEL OUTLINE:
LAND AREA: 1.03 AC
BUILDING AREA: 10,080 SF
INGRESS/EGRESS:
Crystola Street
8th
Stre
etBijou Street
5th Street
24
PYLON SIGN
4,700 DAILYThis 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. FAMILY DOLLAR | 7
NUMBER OF EMPLOYEES 50,000
2016 SALES $19 Billion
NUMBER OF LOCATIONS 8,100
ABOUT FAMILY DOLLAR
With over 8,100 stores in 46 states and the District of Columbia, Family Dollar is the nation’s second largest dollar store. The company also operates nine distribution centers that are each over 900,000 SF.
Family Dollar targets women shopping for a family earning less than $40,000 a year. Consumables (food, health, beauty aids, and household items) account for about two-thirds of sales. Family Dollar also sells apparel, shoes, and linens.
Family Dollar stores are low-format and are located in low and middle-income rural and urban areas. Most goods and groceries (national brands, Family Dollar private labels, and unbranded items) are sold at a variety of discounted prices, the majority of which are under $10.
For fiscal 2016, net sales were $19 billion and net income was $565 million.
In July, 2015, Family Dollar was acquired by, Dollar Tree, Inc. The acquisition price for Family Dollar was $9 billion in cash and Dollar Tree stock. The combined Dollar Tree-Family Dollar entity is now the largest discounter in North America with over 13,000 stores in 48 states and Canada with annual sales over $219billion. Both brands will continue to operate separately.
tenant overview
www.familydollar.com
[ REPRESENTATIVE PHOTOs ]
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.
[ Representative Photos ]
FAMILY DOLLAR | 8
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.
2017 HOUSEHOLD INCOMES
POPULATION
TOP EMPLOYERS IN EL PASO COUNTY, CO
Fort CarsonU.S. Air Force Academy Peterson AFB/NORAD/Space Command Colorado Springs School DistrictMemorial Hospital
REGIONAL MAP
demographics & maps
ABOUT CALHAN, COCalhan is a Colorado Statutory Town in El Paso County, Colorado. It is the highest incorporated non-mountain town in the United States and lies along Highway 24, halfway between Limon and Colorado Springs. Colorado Springs is the seat and most populous city in El Paso County. It is known as a major tourism center with the Air Force Academy is the main man-made attraction. The city’s average gross income from tourism is near $1 billion, providing a substantial boost to the retail industry.
35 MILES
3-Mile 5-Mile 7-Mile
2010 983 1,908 2,7282017 1,025 1,993 2,8462022 1,050 2,043 2,914
3-Mile 5-Mile 7-Mile
Average $72,904 $72,280 $72,015Median $59,439 $58,119 $56,831
4,700 DAILY
DENVER
CALHAN
COLORADO SPRINGS
86 MILES
FAMILY DOLLAR LOCATION
FAMILY DOLLAR | 9
[ Copyright © 2017 Capital Pacific ]
CHRIS KOSTANECKI
CHRIS PETERS
RICK SANNER
DAVE LUCAS
ZEB RIPPLE
JOHN ANDREINI
JOE CACCAMO
Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team.
AARON SUSMAN
Zandy [email protected] | (415) 274-2707CA BRE# 01734525
Listed in conjunction with CO Licensed Broker:David Leuthold of Leuthold Commercial [email protected] | (303) 871-9000
JACK NAVARRA
[ subject property ]
