Embed Size (px)
DESCRIPTION
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar General Plus property located within the Charlotte MSA
Citation preview
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Dollar General Plus1333 East Main Street
Rock Hill, SC 29730 (Charlotte MSA)
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
1) Confidentiality&Disclaimer
2) ExecutiveSummary
3) PropertyOverview
4) Aerial
5) SitePlan
6) Maps
7) TenantProfile
8) DemographicComparisonReport
9) LocationOverview
10) ContactInformation
TABLE OF CONTENTS
TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.ItisintendedtobereviewedonlybythepartyreceivingitfromTheBoulderGroupandshouldnotbemadeavailabletoanyotherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.TheinformationcontainedinthisOfferingMemorandumhasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
TheBoulderGroupispleasedtoexclusivelymarketforsaleasingletenantnetleasedDollarGeneralPluspropertylocatedwithintheCharlotteMSA.The12,480squarefootbuildingisarelocationofapreviouslysuccessfultraditional-sizedDollarGeneralstore.Duetothesuccessofthepreviouslocation,DollarGeneralelectedtobuildoneoftheirlargerformatDollarGeneralPlusstores.DollarGeneralPlusarelargerthantraditionalDollarGeneralstoresandhavemorecoolers/freezerstokeepmoreperishableitemsinstock.TheDollarGeneralPlusleasehasover13yearsremainingandfeaturesarentalescalationinyearelevenand10%rentalescalationsineachrenewaloption.DollarGeneralisaninvestmentgraderatedtenant(S&P:BBB-).
The3.84acreDollarGeneralPlusparcelislocatedalongMainStreetapproximatelyonemilefromaccesstoInterstate77.MainStreetisaprimarythoroughfarethatexperiencestrafficcountsinexcessof23,000vehiclesperday.TheDollarGeneralPlusislocatedapproximately25milessouthofdowntownCharlotte.ThepropertyisbenefittedfromitslocationadjacenttoaBi-LoanchoreddevelopmentandacrossthestreetfromaFoodLion.Thereareover80,000peoplelivingwithinafivemileradiusofthepropertyearningaveragehouseholdincomesofapproximately$55,000.
DollarGeneralPlushasover13years remainingon theirabsolutenet lease thatexpires inOctober2027.The leasefeaturesa rental escalation in theeleventh lease yearand10% rental escalations ineachof the six5-year renewaloptions.DollarGeneral isan investmentgradecompany(S&P:BBB-)andispubliclytraded(NYSE:DG)withamarketcapitalizationinexcessof$17billion.
INVESTMENT HIGHLIGHTS
•LocatedwithintheCharlotteMSA
•Relocationofapreviouslysuccessfulinlinestore
•Longtermleasewithover13yearsremaining
•Investmentgradetenant(S&P:BBB-)
•Rentalescalationinthe11thleaseyearand10%rentalescalationsineachrenewaloption
•Recentconstruction
•Nolandlordresponsibilities
•Locatedalongaprimarythoroughfareapproximatelyonemilefrom accesstoInterstate77
•StrongretailcorridoradjacenttoaBi-Logroceryanchored developmentandacrossthestreetfromaFoodLiongrocerystore
•AboveaveragedemographicsforaDollarGenerallocationwithover 115,000peoplelivingwithinasevenmileradiusearningaverage householdincomesinexcessof$61,000
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
PROPERTY OVERVIEW
PROPERTY OVERVIEW
Price: $3,162,451
CurrentCapRate: 6.20%
RentSchedule: NOI EscalationDate
$196,073$201,955 11/1/2022$222,150 11/1/2027(Option1)$244,365 11/1/2032(Option2)$268,801 11/1/2037(Option3)$295,682 11/1/2042(Option4)$325,250 11/1/2047(Option5)$357,775 11/1/2052(Option6)
RenewalOptions: Six5-Year
LeaseCommencementDate: November1,2012
LeaseExpirationDate: October31,2027
Tenant: DollarGeneralPlus
Credit: InvestmentGrade(S&P:BBB-)
YearBuilt: 2012
LeaseType: NNN
BuildingSize: 12,480SF
LandSize: 3.84acres
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
AERIAL
AERIAL
N
BELLEVUE ELEMENTARY SCHOOL
23,000 VPD
1 MILE77
MAIN STREET
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
SITE PLAN
SITE PLAN
E MAIN STREET
N
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
MAPS
MAPS
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Dollar General Corporationoperatesasadiscountretailerofgeneralmerchandiseinthesouthern,southwestern,midwestern, and easternUnitedStates. As ofMarch2012,DollarGeneral operated approximately 10,000storesthroughout40states.DollarGeneraloffersconsumables,homecleaningsupplies,packagedfoodandperishables,beveragesandsnacks,over-the-countermedicines,personalcareproductsandpetsuppliesandpetfoodproducts.Italsoprovidesseasonalproducts,prepaidcellphonesandaccessories,automotivesuppliesandapparelproducts.In2013,DollarGeneralplanned635newstoresandremodelorrelocateanadditional550stores.
DollarGeneralisaninvestmentgraderatedtenantwithaStandard&Poor’sRatingofBBB-.DollarGeneralispubliclytradedontheNewYorkStockExchange(DG)withamarketcapitalizationinexcessof$17billion.
Website: www.dollargeneral.comNumberofLocations: 10,000+StockSymbol: DG:NYSEStandard&Poor’sRating: BBB-MarketCapatilization: $17billionEmployees: 90,000
TENANT PROFILE
TENANT PROFILE
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT
Population 3-mi 5-mi 7-mi
TotalPopulation 35,867 80,479 115,201TotalHouseholds 13,712 31,882 44,759
Income
MedianHouseholdIncome $29,887 $39,038 $45,268AverageHouseholdIncome $44,016 $54,916 $61,876
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Rock Hill islocatedinthenorth-centralareaofSouthCarolinaapproximately20milessouthofCharlotte,NCalongtheInterstate77corridor.RockHillisagrowingcommunityof67,000residents,andthecityencompassesover36squaremiles.RockHill isthelargestcityinYorkCounty,SCandtheonlymajorSouthCarolinacityintheCharlotteMSA.RockHillisthefifth-largestcityinSouthCarolina.
www.cityofrockhill.com
CharlotteisthelargestcityinNorthCarolinaandtheseatofMecklenburgCounty.In2013,theestimatedpopulationofCharlottewas792,862,makingitthe16thlargestcityintheUnitedStates.TheCharlottemetropolitanareaisthe23largestintheU.S.andhada2013populationof2,335,358.CharlottehasbecomeamajorU.S.financialcenterandisnowthesecondlargestbankingcenterintheUnitedStates(afterNewYork).ItistheheadquarterstoBankofAmerica,thenation’ssecondlargestfinancialinstitution.CharlottehaseightFortune500companiesin
itsmetropolitanarea,listedinorderoftheirrank:BankofAmerica,Lowe’s,Nucor(steelproducer),DukeEnergy,SonicAutomotive,FamilyDollar,SPXCorporation(industrialtechnology),andDomtar.
www.charmeck.org
LOCATION OVERVIEW
LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
CONTACT INFORMATION
CONTACT INFORMATION
666DundeeRoad,Suite1801Northbrook,IL60062
Randy [email protected]
Jimmy [email protected]
