RepresentativePhotos D O L L A R G E N E R A L | 2 LOWCOMPETITIONLOCA TION > T hisistheonlyD ollarG ener alloca t edinthet o wnofQ uin t on INVESTMENTGRADECREDIT > D ollarG ener al scr editisBBB -,thec ompan y scr editr a tinghasbeenr aised4 timessinc e2009 STRONGTENANT > D ur ingscal2014,D ollarG ener ale xpec tst oopenabout700newst or es , andr emodelorr eloca t eappr o xima t ely525outlets > D ollarG ener alhasmor est or esthanan yotherr etailerintheU .S.andisthe lar gestdollarst or echain > I nthelastf oury ears ,theDGst ockpr ic eisupo v er100%. LEASEHIGHLIGHTS > F if t eeny earNNNleasewithoptions NNN PROPERTY IN QUINTON, OKLAHOMA Investment Highlights D O L L A R G E N E R A L | 2 R e p re s e n t a t i ve P h o t o New15- y earpr imar yt er mleasewithv e(5),v e - y earoptionswitha10%r en tal incr easea tthebeg inningofeachoptionper iod . RENT ABLESF . . . . . . . . . 9 , 0 0 2 S F LANDAREA . . . . . . . . . . 0 . 8 9 A c r e s YEARBUIL T . . . . . . . . . . 2 0 1 4 PRICE . . . . . . . . . . . . $ 1 , 0 8 8 , 0 0 0 CAPRA TE . . . . . . . . . . . . 6 . 7 5 % LEASEST ARTDA TE . . . . L a t e A u g u s t
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dollar generalPrice reduced
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$1.088 MillionNew nnn leasesummer opening621 Main St, Quinton, OK 74561
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DOLLAR GENERAL | 2
LOW COMPETITION LOCATION> This is the only Dollar General located in the town of Quinton INVESTMENT GRADE CREDIT > Dollar General’s credit is BBB-, the company’s credit rating has been raised 4 times since 2009
STRONG TENANT > During fiscal 2014, Dollar General expects to open about 700 new stores, and remodel or relocate approximately 525 outlets > Dollar General has more stores than any other retailer in the U.S. and is the largest dollar store chain > In the last four years, the DG stock price is up over 100%.
LEASE HIGHLIGHTS > Fifteen year NNN lease with options
NNN PROPERTY IN QUINTON, OKLAHOMA Investment Highlights
DOLLAR GENERAL | 2
Representative PhotoNew 15-year primary term lease with five (5), five-year options with a 10% rental increase at the beginning of each option period.
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 ac-curacy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Income & Expense
PRICE $1,088,000
Capitalization Rate: 6.75%
Total Rentable Area (SF): 9,002
Lot Size (Acres): 0.89
STABILIZED INCOME Per Square Foot
Scheduled Rent $8.16 $73,440
Effective Gross Income $8.16 $73,440
LESS Per Square Foot
Taxes NNN $0.00
Insurance NNN $0.00
Total Operating Expenses $0.00
EQUALS NET OPERATING INCOME $73,440
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DOLLAR GENERAL | 3
Rent Roll
TENANT INFO LEASE TERMS RENT SUMMARY
Tenant Name Sq . Ft . Term Current Rent Monthly Rent Yearly Rent Monthly Rent/SF
Yearly Rent/SF
Dollar General 9,002 1 15 $73,440 $6,120 $73,440 $0.68 $8.16
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.
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The actual tenant is a wholly owned subsidiary of Dollar General. Dollar General, the parent, guarantees the lease.Each option is five years.
DOLLAR GENERAL | 4
COMPANY TYPE: PUBLIC (NYSE: DG)
Dollar General
Dollar General (NYSE: DG) is a chain of more than 10,500 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 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 generally located in small towns off the radar of giant discounters. One of its main advantages is that it offers prices as low or lower than Walmart but in locations much more convenient to the consumer, within a much closer driving distance. Some 25% of its merchandise is priced at $1 or less. Dollar General has more stores than any other retailer, and is easily the largest dollar store chain.
The company ranks 175th 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.) The company’s June stock market value is estimated to be $17.0 billion.
Quinton, part of Pittsburg County, is located between the Choctaw and Creek Nation tribal lands. The town is situated in the middle of a 35 mile radius of three of the tribes’ casinos. Robbers Cave and Arrowhead State Parks are also located near the subject property, and act as tourist locations for the surrounding area.
The county seat of Pittsburg County is McAlester, just 35 minutes away from Quinton. McAlester is currently the largest city in the Choctaw Nation of Oklahoma, followed by Durant. Some attractions in McAlester include: Chadick Park, a 10.2 acre community park with four tennis courts, wading pool, restrooms, playground equipment, gazebo, and two covered picnic pavilions, Choctaw Casino, and the old town antique district.
Quinton, OK Demographics
3-Mile 5-Mile 10-Mile
2013 1,234 1,625 4,645
3-Mile 5-Mile 10-Mile
Average $41,924 $44,422 $48,632Median $30,975 $33,387 $37,258
