Dollar General For more info on this opportunity plse conct: Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. 9156 103rd St, Jacksonville, FL 32210 CHRIS PETERS cpeters@capitalpacific.com | (415) 274-2703 CA BRE# 01339983 ZEB RIPPLE zripple@capitalpacific.com | (415) 274-2702 CA BRE# 01242540 CHRIS KOSTANECKI ck@capitalpacific.com | (415) 274-2701 CA BRE# 01002010 In Conjunction with: Capital Atlantic Rick Steinberger, FL Licensed Broker (407) 999.7772 | [email protected]nnn dollar general In income tax free state
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Dollar General
For more info on this opportunity please contact:
Capital Pacific collaborates. Click here to meet the rest of our San Francisco team.
CHRIS KOSTANECKI [email protected] | (415) 274-2701 CA BRE# 01002010
In Conjunction with: Capital AtlanticRick Steinberger, FL Licensed Broker(407) 999.7772 | [email protected]
nnn dollar general In income tax free state
Representative Photos
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The subject property is situated along 103rd Street, a major east-west corridor in Jacksonville, FL. The property benefits from excellent visibility and access from 103rd with traffic counts of approximately 20,000 cars per day. Other national retailers in the area include Walmart, Publix, Walgreens and McDonald’s. Adjacent to the subject property is the Duval Charter School at Westside, a public charter school educating students in grades K-8. DCS Westside is the fourth charter school opened by Charter Schools USA in Duval county. The organization chose to open the Westside campus because of the neighborhood’s dense and growing population.
STRONG TENANT
Dollar General’s credit is BBB- (investment grade) and the company’s credit rating has been raised four times since 2009.
Dollar General has more stores (11,500+) than any other retailer in the U.S. and is the largest dollar store chain.
In the five years since going public, the DG stock price has increased approximately 196% (from $23 to $68 as of January, 2015)
LEASE HIGHLIGHTS
Fifteen year NNN lease with four (4) five-year options
Primary term through February 28, 2025
10% rental increases every 5 years during the option periods
LOCATED ON MAJOR ARTERIAL IN JACKSONVILLE, FL . JACKSONVILLE’S POPULATION IS 842,583, MAKING IT THE 12TH MOST POPULOUS CITY
IN THE UNITED STATES .
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Wilson Boulevard
Old M
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103rd Street
295
295
208
134
Gregory Drive
Elementary
Jefferson Davis
Middle School
Jacksonville Heights
Elementary
Frank H. Peterson Academies
Westside High School
Waverly Academy
OAK HILL VILLAGE®
103RD STREET FAMILY CENTER
HERLONG RECREATIONAL
AIRPORT
295 JACKSONVILLE CITY CENTER
20,000 DAILY
RESIDENTIAL GROWTH MARKET
Subject property benefits from the residential density of this Jacksonville market
STRONG TRAFFIC COUNTS
Traffic counts of 20,000 VPD on 103rd Street
near subject propertyAerial
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
PRICE $1,731,000
Price Per Square Foot: $192.38
Capitalization Rate: 7.00%
Total Rentable Area (SF): 8,998
Lot Size (AC): 0.97
STABILIZED INCOME Per Square Foot
Scheduled Rent $13.47 $121,180
Effective Gross Income $13.47 $121,180
LESS Per Square Foot
Taxes NNN $0.00
Insurance NNN $0.00
Total Operating Expenses NNN $0.00
EQUALS NET OPERATING INCOME $121,180
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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.
Rent Roll
TENANT INFO LEASE TERMS RENT SUMMARY
Tenant Name Sq. Ft. Term Current Rent
Monthly Rent
Yearly Rent
Monthly Rent/FT
Yearly Rent/FT
Dollar General 8,998 03/01/10 02/28/25 $121,180 $10,098 $121,180 $1.12 $13.47
Dollar General (NYSE: DG) is a chain of more than 11,500 discount stores in 40 states, primarily in the South, East, Midwest, and Southwest. Offering basic household items, such as cleaning supplies, health and beauty aids, as well as some apparel and food, it targets low-, middle-, and fixed-income shoppers. Although it has the word “dollar” in its name, Dollar General is not solely a dollar store. The company offers goods sold at set price points ranging from under a dollar to $60. Some of its higher end items include over-the-counter medicines, seasonal products, pet products, prepaid cell phones and accessories, and automotive supplies.
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, within a closer driving distance. With 11,500+ locations, Dollar General has more stores than any other retailer, and is easily the largest dollar store chain.
The company currently ranks 164th within the Fortune 500 list. Fiscal 2013 revenues exceeded $17.5 billion (up 9.23% from 2012) with a net income of $1.02 billion (up 7.60% from 2012), and net worth of $5.4 billion (up 8.43% from 2012).
Dollar General
DOLLAR GENERAL HAS GROWN INTO THE COUNTRY’S LARGEST
SMALL-BOX DISCOUNT RETAILER.
COMPANY TYPE: PUBLIC (NYSE: DG)
2013 SALES $17 .5 BILLION
S&P 500 CREDIT RATING BBB-
2014 FORTUNE 500 #164
NUMBER OF STORES 11,500+
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Photos
SEASONED STORE WITH
OVER 10 YEARS OF
PRIMARY LEASE TERM
REMAINING
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Regional Map
Jacksonville FL Locati
on
DOLLAR GENERALJacksonville
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JACKSONVILLE, FL OVERVIEW
Jacksonville is the largest city in Florida and the largest city by area in the contiguous United States. The majority of Jacksonville’s metropolitan population resides within the city limits, making it the most populous city proper in Florida and the twelfth most populous in the United States. Jacksonville is the principal city in the Greater Jacksonville Metropolitan Area, a region with a population of more than 1.35 million.
Jacksonville is the largest deepwater port in the south (as well as the second-largest port on the U.S. East coast) and a leading port in the U.S. for automobile imports, as well as the leading transportation and distribution hub in the state. However, the strength of the city’s economy lies in its broad diversification. The area’s economy is balanced among distribution, financial services, biomedical technology, consumer goods, information services, manufacturing, insurance and other industries.
Jacksonville is a rail, air, and highway focal point and a busy port of entry, with Jacksonville International Airport, ship repair yards and extensive freight-handling facilities. Lumber, phosphate, paper, cigars and wood pulp are the principal exports; automobiles and coffee are among imports. The city also has a large and diverse manufacturing base.
It is home to many prominent corporations and organizations, including the headquarters of four Fortune 500 companies: CSX Corporation, Fidelity National Financial, Fidelity National Information Services and BI-LO (United States) including its subsidiary Winn-Dixie Stores, Inc.
