FAMILY DOLLAR STORE - hellocre.comhellocre.com/email/illuminate/FamilyDollar/15480WState/Highway21.pdf · Family Dollar Store NET LEASE INVESTMENT OPPORTUNITY 15480 W. State Highway

FAMILY DOLLAR STORE10 YEAR NN INVESTMENT OPPORTUNITY

JORDAN KAUFMAND: 720.598.4990M: [email protected]

15480 W. State Highway 21, Douglass, TX 75943

*REPRESENTATIVE PHOTO

Family Dollar StoreNET LEASE INVESTMENT OPPORTUNITY


Confidentiality Disclaimer

This Confidential Memorandum has been prepared by Illuminate Real Estate, LLC (“IRE”) and is being furnished to you solely for the purpose of your review of the commercial property located at 15480 W. State Highway 21, Douglass, TX 75943 (the “Property”). The material contained in this Offering Memorandum shall be used for the purposes of evaluating the Property for acquisition and shall not be used for any purpose or made available to any other person without the express written consent of Illuminate Real Estate, LLC (“Broker”).

By accepting the Confidential Memorandum, you acknowledge and agree that: (1) all of the information contained herein and any other information you will be receiving in connection with this transaction, whether oral, written or in any other form (collectively, the “Materials”), is confidential; (2) you will not reproduce the Confidential Memorandum in whole or in part; (3) if you do not wish to pursue this matter, you will return this Confidential Memorandum to IRE as soon as practicable together with all other materials relating to the Property which you may have received from IRE; and (4) any proposed actions by you which are inconsistent in any manner with the foregoing agreements will require the prior written consent of IRE.

This Confidential Memorandum has been prepared by IRE, based upon certain information pertaining to the Property and any information obtained from IRE to assist interested parties in making their own evaluation of the Property is offered on a no representation or warranty provision other than customary warranties of title and is sold on an “as-is, where-is” basis and with all faults. The material and transaction does not purport to be all inclusive. This Confidential Memorandum contains descriptive materials, financial information and other data compiled for the convenience of parties interested in the Property. The Materials are being delivered by IRE to prospective investors with the understanding that it is not all inclusive and that it is qualified in its entirety by independent investigation by prospective investors of those matters which they deem appropriate in evaluating this offering without reliance upon IRE, the Broker or any of their respective affiliates or any of the information set out in the Materials. Neither IRE, the Broker, nor any of their respective affiliates have independently verified any of the information contained herein or in any of the Materials, and no representations or warranties as to the accuracy or completeness thereof or of any other kind whatsoever are made or intended and none should be inferred.

IRE, for itself and its affiliates of the Property, expressly disclaim any and all liability for statements or representations, express or implied, contained herein or for omissions from the Materials or for any other written, oral or other format of communication transmitted to a prospective investor in the course of its evaluation of the proposed transaction. All summaries and discussions of documentation and/or financial information contained herein are qualified in their entirety by reference to the actual documents and/or financial statements, which upon request may be made available. The terms and conditions described herein are subject to change without notice.

This Confidential Memorandum does not constitute an offer to accept any investment proposal but is merely a solicitation of interest with respect to the investment described herein. The Confidential Memorandum does not constitute an offer of security. The investment described herein may be financed or withdrawn from the market, without prior notice. By accepting this Confidential Memorandum you agree to release IRE and hold it harmless from any kind of claim, expense, or liability arising out of your discovery or purchase of the Property. IRE reserves the right to request the return of the Materials at any time. Ownership of the Property reserves the right to negotiate with one or more prospective investors at any time.

Exclusively Offered By | Illuminate Real EstateJordan Kaufman | President695 S. Colorado Blvd., Suite 480 | Denver, CO 80246(773) 243-6688 | [email protected]



New 10 year NN lease(6) 5 year renewal options with 10% rental increases Brand new construction 8,320 sf buildingRent Commencement: November 4th, 2017Lease Expiration: March 31st, 2028Minimal Landlord Responsibilities (roof/structure) Comes with 20 year “no leak” roof warrantyLow Price Point – Ideal 1031 Exchange Property Recession Proof TenantNational Tenant: NASDAQ “DLTR” (BB+ rating S&P) NO STATE INCOME TAX STATE

Asking Price: $1,200,000NOI: $83,957Asking Cap: 7.00%

Financial Highlights

Lease Highlights



Zero retail/general merchandise competition within 15+ milesCorner location on W. Texas State Highway 21Typical of the many tertiary-market Family Dollar - the backbone of its store network3,300 vehicles per day on Highway 21

Property Highlights

The subject property consists of a new construction 8,320 sf building situated upon a 42,900 sf parcel of land located at 15480 W. State Highway 21, Douglass, TX 75943. Douglass, TX is located just 15 miles west of Nacogdoches, TX – population 33,000 and home to Stephen F. Austin State University. Douglass is also conveniently located just 3 miles from Lake Nacogdoches. Lake Nacogdoches is known for excellent fishing, wildlife viewing, boating, and all types of water sports. The property around the lake is highly desirable for both vacation homes and year-round living. The subject property is situated on a corner and benefits from the nearly 3,300 vehicles per day that travel past the site. The trade area surrounding the property has a radius that reaches 20 miles and fills a retail/general merchandise void for the many small communities immediately west of Nacogdoches. This location was strategically selected by Family Dollar due to its lack of competing retail and fits the mold of Family Dollar’s successful site location process.

Property Summary



Family Dollar, TX Comparable Sales

Family Dollar – Jacksonville, TXSold: 10/25/2017Price: $1,435,000Rent: $98,603Cap Rate: 6.87%Lease type: 10 year NN lease*Sold by Illuminate Real Estate

Family Dollar – Spring, TXSold: 9/12/2017Price: $1,725,000Rent: $107,112Cap Rate: 6.20%Lease Type: 15 year NNN lease*Sold by Illuminate Real Estate

Family Dollar – Dilley, TXSold: 12/13/2016Price: $1,150,000Rent: $82,233Cap Rate: 7.15%Lease type: 10 year NN lease

Family Dollar – Bryan, TXSold: 8/7/2016Price: $1,643,620Rent: $109,283Cap Rate: 6.65%Lease type: 10 year NN lease*Sold by Illuminate Real Estate

Family Dollar - Abilene, TXSold: Pending (under contract)Price: $1,380,000Rent: $91,590Cap Rate: 6.63%Lease Type: 10 year NN*Exclusively Listed by Illuminate Real Estate



Site Plan

W State Hwy 21



Local Area Map



Regional Area Map

Tenant Overview

Family Dollar is an American variety store chain in the United States. With over 8,000 locations in 54 states, it is the second largest retailer of its type in the United States. Family Dollar is headquartered in Matthews, a suburb of Charlotte, North Carolina, where it employs 1,400 people.

Family Dollar was founded in 1959 by Leon Levine, a 21-year-old entrepreneur. In November of that year, the company's first store was opened, in Charlotte, North Carolina. In 1961, their first store in South Carolina opened, followed by stores in Georgia and Virginia, which were opened in 1962 and 1965, respectively. During the 1960s, the store company was largely a southern United States operation. By 1969, there were fifty stores in Charlotte alone. In 1974, a distribution center was opened in Matthews, North Carolina. In 1979, Family Dollar stock began trading at the New York Stock Exchange.

In 2001, Family Dollar joined the S&P 500 stock market index. In 2002, the company joined the Fortune 500 list of largest publicly held companies. On October 4, 2012 Family Dollar partnered with Healthways. Family Dollar operates 8,000 locations in 54 states and 11 distribution centers — the latest of which opened in St. George, Utah, on October 16, 2013.

On July 28, 2014, Dollar Tree announced that it would purchase Family Dollar for $8.5 billion. On January 22, 2015, Family Dollar shareholders approved the Dollar Tree bid.



Founded 1959Headquarters Matthews, NCS&P Rating BB+Parent Company Dollar TreeWebsite www.familydollar.com

Zero retail/general merchandise competition within 15+ milesCorner location on W. Texas State Highway 21Typical of the many tertiary-market Family Dollar - the backbone of its store network3,300 vehicles per day on Highway 21

Area Overview

Lake Nacogdoches, located in the Piney Woods region of Texas, is known for excellent fishing, wildlife viewing, boating, and all types of water sports: swimming, sailing, kayaking, water skiing, jet skiing, wake boarding, knee boarding, and tubing. The summer drought of 2011 lowered water levels, uncovering a large piece of a space shuttle. The discovery attracted much outside attention, bringing many sightseers to the normally peaceful reservoir. That's exactly what happened when a hydrogen tank from the doomed 2003 Columbia Space shuttle tragedy emerged with the newly- exposed mud flats at the reservoir. The find was not totally unexpected as much of the debris from the Columbia rained down across East Texas that sad day. Still, it's not the kind of 'catch' most visiting anglers come here hoping to make.

The 2,200-acre reservoir holds a number of private homes along its southern banks, while the northern terminus disappears into the Bayou Loco. The lake was created in 1976 when the Bayou Loco, a tributary of the Angelina River, was dammed. The reservoir provides a water supply and recreational opportunities for the City of Nacogdoches 10 miles to the east. In keeping with the recreational intent, the city maintains two small parks at the lake, which provide a swimming area, picnic tables, boat launch, playground and rest rooms. Westside Park offers a short nature trail. No camping is available at either park, but there is ample camping in the surrounding area as the Piney Woods is a favorite vacation area for Texas and Louisiana residents.





Demographics

2017 SummaryPopulationHouseholdsFamiliesAverage Household SizeOwner Occupied Housing UnitsRenter Occupied Housing UnitsMedian AgeMedian Household IncomeAverage Household Income 2022 SummaryPopulationHouseholdsFamiliesAverage Household SizeOwner Occupied Housing UnitsRenter Occupied Housing UnitsMedian AgeMedian Household IncomeAverage Household Income

5 Mile1,576 615 447 2.56 493 123 43.3 $54,118 $72,695 1,645 641 465 2.56 512 129 45.3 $61,879 $83,469

10 Miles5,906 2,285 1,664 2.58 1,753 532 39.5 $50,420 $66,317 6,080 2,349 1,709 2.58 1,802 548 41.1 $55,725 $75,371

15 Miles45,258 16,389 9,904 2.46 8,640 7,749 29.6 $37,328 $53,373 46,032 16,700 10,056 2.46 8,774 7,926 30.8 $39,681 $59,639

15 Mile

10 Mile

5 Mile



JORDAN KAUFMAN

695 S. Colorado Blvd | Suite 480Denver, CO 80246

[email protected]

Documents

FAMILY DOLLAR STORE - hellocre.comhellocre.com/email/illuminate/FamilyDollar/15480WState/Highway21.pdf · Family Dollar Store NET LEASE INVESTMENT OPPORTUNITY 15480 W. State Highway