[ REPRESENTATIVE PHOTO ]

Dollar General in kern county15-year lease - zero landlord responsibilitiesRosamond Blvd & 35th Street W., Rosamond, CA 93560

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dollar general

Listing TeamContact Info

RICK SANNERrsanner@capitalpacific.com | (415) 274-2709CA BRE# 01792433

John Andreinijandreini@capitalpacific.com | (415) 274-2715CA BRE# 01440360

PROperty Summary

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NEw NNN Dollar GENEral iN rosamoND,ca

PricE: $2,453,800caP: 6.00% RENTABLE SF . . . . . . . . . 9,100 SF

LOT SIZE . . . . . . . . . . . . . 1.74 Acres

LEASE TyPE . . . . . . . . . . Absolute Net

COmPLETION dATE . . . . June 2016

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Average incomes exceed $82k within a 1-mile radius

PROPERTy hIghLIghTS

Immediate area retailers include McDonald’s, Taco Bell, Rite Aid, Albertsons, Auto Zone and many others.

Traffic counts exceed 20,000 vehicles per day on Rosamond Blvd.

Average incomes of $82,000+ within a 1-mile radius with population growth projected in one, three & five mile radii.

INvESTmENT gRAdE CREdIT

Dollar General’s credit is BBB and the company’s credit rating has been raised five times since 2009, most recently in October 2015. Dollar General has a better credit rating than both of its large competitors.

STRONg TENANT

During fiscal 2014, Dollar General opened about 700 new stores and will open about the same in fiscal year 2015. Dollar General has more stores (12,396+) than any other dollar store in the country and is currently the largest dollar store chain. In the six years since going public in late 2009, the Dollar General stock price has more than tripled.

LEASE hIghLIghTS

15-year primary lease term with three (3) five-year options.

10% rental increases every 5 years during the option periods.

Absolute net lease.

Brand new construction.

core characteristics

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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.

Representative Photo

[ REPRESENTATIVE PHOTO ]

income & expense

PRICE $2,453,800 Price Per Square Foot: $269.65

Capitalization Rate: 6.00%

Total Rentable Area (SF): 9,100

Lot Size (AC): 1.74

STABILIZED INCOME Per Square FootScheduled Rent $16.18 $147,228

Effective Gross Income $16.18 $147,228

LESS Per Square FootTaxes NNN $0.00

Insurance NNN $0.00

Total Operating Expenses NNN $0.00

EQUALS NET OPERATING INCOME $147,228

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SITE PLAN KEy

PARCEL OuTLINE:

LAND AREA: 1.74 AC

BuILDING AREA: 9,100 SF

INGRESS/EGRESS:

Site plan

This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies.

20,789 DAILY Rosamond Boulevard

35th

Stre

et W

PyLON SIgN

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AerialLOCATEd ON ThE INTERSECTION OF ROSAmONd BLvd & 35Th ST, BENEFITTINg FROm TRAFFIC COuNTS IN ExCESS OF 20,789 vPd

Trop

ico

Road

35th

Stre

et W

Rosamond Boulevard

Sierra highway

14

14

Tropico middle School

Rosamond high School

CITY OF ROSAMOND

COACH’S SPORTS BAR

& GRILL

NORMA’S PUB

KS MARKET

TACOS SI SENOR

JOSHUA MOTEL

CARL’S MOTEL

THE TIRE STORE

ROADSIDE GRILL

SKYPARK LIQUOR

ROSAmONd PLAZA

ROMAN’S MEXICAN

THAI CHINESEWESTSIDE DENTAL

SHORT STOP MINI MARTROSAMOND PHARMACY

H&R BLOCK

LOS ANGELES14

20,789 DAILY

dollar general | 6

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.

[ REPRESENTATIVE PHOTO ]

Rent roll

TENANT INFO LEASE TERMS RENT SUMMARY

Tenant Name Sq. Ft. Term CurrentRent

MonthlyRent

YearlyRent

MonthlyRent/FT

YearlyRent/FT

Dollar General 9,100 1 15 $147,228 $12,269 $147,228 $1.35 $16.18

Option 1 16 20 $13,496 $161,952 $1.48 $17.80

Option 2 21 25 $14,846 $178,152 $1.63 $19.58

Option 3 26 30 $16,331 $195,972 $1.79 $21.54

Totals: 9,100 $147,228 $12,269 $147,228 $1.35 $16.18

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DOLLAR GENERAL IS ThE COuNTRY’S LARGEST

SMALL-BOx DISCOuNT RETAILER

COmPANy TyPE: PUBlic (NYsE: DG)

FISCAL 2014 SALES $18.9 BillioN

S&P 500 CREdIT RATINg BBB (see next page)

2014 FORTuNE 500 #164

NumBER OF STORES 12,396+

ABOuT DOLLAR GENERALDollar General (NYSE: DG) is a chain of more than 12,396 discount stores in 43 states, primarily in the South, East, Midwest, and Southwest. Offering basic household items, such as cleaning supplies, health and beauty aids, apparel, and food, it targets low, middle, and fixed-income shoppers.

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. Dollar General has more stores than any other retailer and is easily the largest dollar store chain.

The company ranks 164th within the Fortune 500 list. Fiscal 2014 revenues exceeded $18.9 billion with a net income of $1.07 billion, and net worth of $5.7 billion. In early December, 2015, the company reported the results for its third fiscal quarter ending October 30th. The report was quite good and the stock price rose on the news.

Dollar General enjoys a strong credit rating, see next page.

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Tenant overview

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ThE ThREE LARGEST DOLLAR STORE ChAINS, RANkED BY 2014 REvENuE, ARE:

DOLLAR GENERAL

FAMILY DOLLAR

DOLLAR TREE

2

3

1

ABOuT ThE STRONG DOLLAR GENERAL CREDIT RATING

In July, 2015, Family Dollar was acquired by Dollar Tree and ceased to be a public company.

Dollar Tree took on billions of dollars of debt to acquire Family Dollar, and that negatively impacted the credit rating of both of these companies. Moreover, Family Dollar, as a subsidiary of Dollar Tree, will no longer issue separate financial statements.

The best known rating agency, Standard & Poor’s, downgraded Family Dollar in July, with Dollar Tree having already been downgraded.

The combined Dollar Tree-Family Dollar entity will have approximately the same amount of revenue as Dollar General, but more debt, hence the lower credit rating.

Dollar General is now the only dollar store chain with an investment grade rating. Dollar General has been credit-upgraded five times since going public in 2009, most recently in October, 2015. It is now “BBB”.

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tenant credit rating

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ROSAmONd, CA OvERvIEW Rosamond, which is often referred to as the Gateway to Edwards Air Force Base, is home to approximately 18,000 residents. The city is located in kern County, just 15 miles south of Mojave Air & Space Port, which is currently home to more than 60 companies engaged in flight development.

visitors to Rosamond can watch racing at the Willow Springs International Raceway, see the old mining town of Tropico and eat soft-serve ice cream at one of the oldest established Fosters Freezes. Residents of Rosamond have easy access to local mountains, beaches and cities for both work and play.

POPULATION

2015 HOUSEHOLD INCOMES

ROSAMOND

TOP EmPLOyERS IN KERN COuNTyGrimmway Farms

WM Bolthouse Farms

Chevron

Dignity health

1-Mile 3-Mile 5-Mile

2010 5,796 16,801 18,3582015 6,048 17,092 18,6432020 6,335 17,649 19,217

1-Mile 3-Mile 5-Mile

Average $82,313 $66,083 $65,907Median $72,832 $56,890 $56,745

location & demographics

20,789 DAILY

LOS ANGELES

1 hR 44 MIN88 MILES

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JOhN ANdREINIjandreini@capitalpacific.com | (415) 274-2715 CA BRE# 01440360

RICK SANNERrsanner@capitalpacific.com | (415) 274-2709 CA BRE# 01792433

BOB SANNERbsanner@capitalpacific.com | (415) 274-2717 CA BRE# 00869657

ChRIS PETERScpeters@capitalpacific.com | (415) 274-2703 CA BRE# 01339983

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