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OFFERING MEMORANDUM Absolute Triple Net (NNN) Lease Investment Opportunity 2019 Hwy 121 N | Bristol, GA 31518 Representative Image
OFFERING MEMORANDUMAbsolute Triple Net (NNN) Lease Investment Opportunity
2019 Hwy 121 N |Bristol, GA 31518Representative Image
03 INVESTMENT SUMMARY• Investment Summary• Investment Highlights• Elevations
05 AREA OVERVIEW• Location Map• Retail Maps• City Overview
09 TENANT OVERVIEW • Tenant Profile
10 LEASE ABSTRACT• Lease Summary• Rent Roll
Exclusively Marketed By: Sands Investment Group
© 2018 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. Sands InvestmentGroup does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is theresponsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and completeness.Any and all projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurancethese projections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potentialinterested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction.
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Luke WakefieldLic. # 361563
770.800.3035 | [email protected]
In Cooperation with Sands Investment Group Atlanta, LLC - Lic # 67374
Graham OfficerLic. # 377959
770.742.6990 | [email protected]
Andrew AckermanLic. # 311619
770.626.0445 | [email protected]
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PROPERTY SUMMARY
ADDRESS 2019 Hwy 121 N
Bristol, GA 31518
COUNTY Pierce
BUILDING AREA 7,500 SF
LAND AREA 1.58 Acres
PARCEL NUMBER 041A049
BUILT 2018 (Under Construction)
OFFERING SUMMARY
PRICE $1,098,569
CAP 6.85%
NOI $75,252
PRICE PER SF $146.48
LEASE TERM 15 Years
LEASE GUARANTY Dollar General Corporation
Investment Summary
Absolute NNN Lease
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• Brand New Construction – Delivery Scheduled for July 23, 2018
• Corporate Guarantee from Investment Grade Tenant
• Limited Competition – Closest Walmart is Over 20 Miles Away
• Attractive New 7,500 SF Prototype Design with Lower Inventory and Operating Costs ThanTraditional 9,100 SF Model
• Conveniently Located on Major Connector Highway
• Located in the Center of Bristol, GA at Intersection of Hwy 32 and State Route 15
• Identified by Dollar General Market Planning Department as a Strategic Trade Area
• Under-Served Community in Need of Affordable and Convenient Shopping
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Country Boys Convenience Store
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Bristol is an unincorporated community in PierceCounty, Georgia. Bristol is located at the intersectionof the concurrent Georgia State Route15 and Georgia State Route 121, which runs north-south through Bristol, and Georgia State Route 32,which runs east-west. Bristol is 10 miles northof Blackshear. Bristol is also known as Lightsey.
Pierce County is nestled in southeast Georgia andprovides residents and visitors with a beautiful ruralatmosphere year-round. This area blooms withvibrant spring flowers or set ablaze with the colors offall. The Alabaha River takes a winding coursethrough the county, creating wonderful fishing andplenty of opportunities for outdoor entertainment.This peaceful small-town atmosphere offers a havenfrom the hustle and bustle of contemporary life, andhas a sense of community.
Pierce County has friendly, hardworking residentswho are proud of their heritage. Whether you arelooking for a scenic place to visit, hometown inwhich to raise a family, or a willing community inwhich to locate a business, Pierce County welcomesall to their county.
CITY OVERVIEW
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COMPANY TYPENASDAQ: DG
FOUNDED1939
# OF LOCATIONS14,609
2016 NET SALES$22 Billion
NET WORTH$26.86 Billion
HEADQUARTERSGoodlettsville, TN
WEBSITEwww.dollargeneral.com
Dollar General Corporation has been deliveringvalue to shoppers for over 75 years. Dollar Generalhelps shoppers Save time. Save money. Every day!®by offering products that are frequently used andreplenished, such as food, snacks, health and beautyaids, cleaning supplies, basic apparel, housewaresand seasonal items at low everyday prices inconvenient neighborhood locations.
Dollar General operates 14,609 stores in 44 states asof March 2, 2018. For fiscal 2018, Dollar Generalplans to execute approximately 2,000 real estateprojects comprised of 900 new stories, 1,000 storeremodels and 100 store relocations. In addition tohigh quality private brands, Dollar General sellsproducts from America's most-trusted brands suchas Clorox, Energizer, Procter & Gamble, Hanes,Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark,Kellogg's, General Mills, and PepsiCo.
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TENANT Dollar General
PREMISESA Building of Approximately
7,500 SF
LEASE COMMENCEMENT Estimated July 23, 2018
LEASE EXPIRATION August 30, 2033
LEASE TERM 15 Years
RENEWAL OPTIONS 4 x 5 Years
RENT INCREASES 10% at Options
LEASE TYPE Absolute Triple Net (NNN)
USE Dollar Store
PROPERTY TAXES Tenant’s Responsibility
INSURANCE Tenant’s Responsibility
COMMON AREA Tenant’s Responsibility
ROOF & STRUCTURE Tenant’s Responsibility
REPAIRS & MAINTENANCE Tenant’s Responsibility
HVAC Tenant’s Responsibility
UTILITIES Tenant’s Responsibility
RIGHT OF FIRST REFUSAL No
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SQUAREFOOTAGE
% OF TOTAL
ANNUAL BASE RENT
RENT / SF
INCREASE DATES
LEASEBEGIN
LEASE END OPTIONS
Dollar General 7,500 SF 100% $75,252 $10.03 10% at Options Est. 07/23/2018 08/30/2033 4 x 5 Years
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewedonly by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without thewritten consent of Sands Investment Group.
This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establishonly a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation,with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size andsquare footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, thecompliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or businessprospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.
The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, SandsInvestment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conductedany investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completenessof the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
By receipt of this Memorandum, you agree that this Memorandum and its contentsare of confidential nature, that you will hold and treat it in the strictest confidence andthat you will not disclose its contents in any manner detrimental to the interest of theOwner. You also agree that by accepting this Memorandum you agree to releaseSands Investment Group and hold it harmless from any kind of claim, cost, expense,or liability arising out of your investigation and/or purchase of this property.
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Actual Property Image
Exclusively Marketed By:
Sands Investment Group1501 Johnson Ferry Rd, Suite 200
Marietta, GA 30062844.4.SIG.NNN
www.SIGnnn.com
Luke WakefieldLic. # 361563
770.800.3035 | [email protected]
Graham OfficerLic. # 377959
770.742.6990 | [email protected]
Andrew AckermanLic. # 311619
770.626.0445 | [email protected]
In Cooperation with Sands Investment Group Atlanta, LLC - Lic # 67374Representative Image
