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The information set forth herein has been received by us from sources we believe to be reliable. We do not warrant its accuracy or completeness.
For more information, please contact: In association with:
Colby Moore
415-677-0422
[email protected]
LIC # 01900405
Sean Glancy
An Arkansas Licensed Broker
ARKANSAS LIC #EB00036502 Cassidy Turley
www.thinknnn.com
Dollar General
Oak Grove Heights, Arkansas
ONE OF THE WORLD’S MOST SUCCESSFUL RETAILERS
Fortune 500 Company Rated BBB–
“Investment Grade Credit”
Price: $896,000 – 7.11% Cap Rate
15-Year Lease (11 Years Remaining)
1.50 Acres of Extra Land
File Photograph
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Dollar General Oak Grove Heights, Arkansas
The information set forth herein has been received by us from sources we believe to be reliable. We do not warrant its accuracy or completeness.
LOCATION 4701 Highway 135 North, Oak Grove Heights, Arkansas
LOT SIZE Approximately 1.44 acre — 62,726+/– square feet
Extra Land Parcel 1.50 acres — 65,340+/– square feet
IMPROVEMENTS A DOLLAR GENERAL retail store building of approximately 9,014+/– square feet
that was completed and opened for business in June 2011. Construction is steel
frame with split block and metal roof. There is off-street paved parking for 30 cars.
LEASE Leased to a wholly-owned subsidiary of, and guaranteed by, DOLLAR GENERAL
CORPORATION for 15 years from August 7, 2010 until August 31, 2025 (11 years
remaining) at an annual rental of $63,696 for lease years 1-10 with the rent
increasing by 3.0% to $65,607 for lease years 11-15. At the end of the 15-year
primary lease term, the tenant has four 5-year renewal options with 10% rental
increases in each option. The lease is “double-net” whereby the tenant pays the
taxes, insurance and reimburses the landlord for all common area maintenance
expenses. The landlord is responsible for the roof, structure and parking lot. In
addition to the monthly rent, Dollar General pays the Landlord $345.00 per month for
parking lot maintenance expense.
ANNUAL INCOME
PRICE $896,000 — 7.11% Cap Rate
PRICE PER SQUARE FOOT $99.40
RENT PER SQUARE FOOT $7.07 net per year — $0.59 net per month
YEARS ANNUAL RENT RETURN
1-10 $ 63,696 7.11%
11-15 $ 65,607 7.32%
Option 1 $ 72,168 8.05%
Option 2 $ 79,385 8.86%
Option 3 $ 87,323 9.75%
Option 4 $ 96,055 10.72%
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Dollar General Oak Grove Heights, Arkansas
The information set forth herein has been received by us from sources we believe to be reliable. We do not warrant its accuracy or completeness.
DOLLAR GENERAL DOLLAR GENERAL CORPORATION (NYSE: “DG”) has been in business since
1939. Headquartered in a suburb of Nashville, the company is the largest discount
variety chain operating 11,338 stores in 40 states as of May 2, 2014. Formerly
privately held, the chain went public in November 2009.
Dollar General is rated “BBB–” by Standard & Poor’s. When it went public in late
2009, it was upgraded by S&P to “BB–.” It was upgraded for the second time in eight
months, in June 2010, to “BB.” Thirteen months later, in July 2011, Dollar General
was upgraded yet again, to “BB+.” Then, in April, 2012, it was upgraded to BBB–,
which is an investment grade rating.
DG HAS MORE STORES THAN ANY OTHER RETAILER IN AMERICA. DG
JOINED THE S&P 500 INDEX ON NOVEMBER 30, 2012.
For the first quarter ended May 2, 2014, net sales increased 6.8 percent in the 2014
first quarter compared to $4.23 billion in the 2013 first quarter . Net income was $222
million in the 2014 first quarter, compared to net income of $220 million in the 2013
first quarter. Total stockholder’s equity was $4.8 billion.
For the fiscal year ended January 31, 2014, Dollar General reported sales of $17.5
billion with a net income of $1.03 billion. For that fiscal year, compared to the
previous fiscal year, DG reported the following % increases:
Dollar General opened 650 new stores in 2013.
In 2014, DG plans to open 700 new stores and increase its square footage by over
6% as the company continues to expand in its core markets and newer states.
Dollar General Corporation is rated “BBB-“ (Investment Grade) by Standard & Poor’s
and is ranked #183 among the 2012 Fortune 500 companies.
Website: www.dollargeneral.com
Total Sales 9.2%
Same-Store Sales 3.3%
Net Income 7.6%
Net Worth 8.4%
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Dollar General Oak Grove Heights, Arkansas
The information set forth herein has been received by us from sources we believe to be reliable. We do not warrant its accuracy or completeness.
ABOUT THE AREA Oak Grove Heights is a community in northeast Arkansas located on State Highway
135, approximately four miles north of Paragould, 20 miles north of Jonesboro and
72 miles from Memphis, TN. Daily traffic count is estimated to be 6,800 cars.
DEMOGRAPHICS
*The above net income is an estimate and does not provide for all potential costs and
expenses (i.e., maintenance, repair, etc.) that may be required of the owner. Any
reserves set forth herein are merely estimates and not based on any experience,
physical inspection, or prior knowledge. All prospective purchasers are strongly
advised to make an independent investigation to determine their estimate of costs
and expenses prior to entering into an agreement to purchase.
NOTE The information set forth herein has been received by us from sources we believe to
be reliable, but we have made no independent investigation of the accuracy or
completeness of the information and make no representations with respect thereto.
The above is submitted subject to errors, prior sale or lease, change in status, or
withdrawal without notice.
ARKANSAS
DEMOGRAPHICS 3-MILES 5-MILES 7-MILES
Population (2013) 5,288 25,349 32,715
Average HH Income $47,728 $43,959 $45,240
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