Phone: 212.972.3947 Fax: 212.686.0078 [email protected]www.exp1031.com § Dollar General Corp | NYSE: DG | S&P Ra5ng: “BBB-” Investment Grade § Brand new 2017 construc5on § New 15 year absolute triple net Lease § Upgraded “New England” style construc5on § 2 minute drive from the Country Club of Waterbury as well as Holy Cross High School (private) § Retailers in vicinity include IGA, Rite Aid, Wells Fargo, TD Bank, Webster Bank, Mobil and D&D § 5 mile radius: popula5on of 160,000+/- people with average household income above $68,000 Dollar General 355 Fairfield Ave – Waterbury, CT Price: $1,917,860 | NOI: $115,072 | CAP: 6 % This informa5on has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the informa5on contained herein. Not Subject Property exclusive lis*ng
Dollar General – Waterbury, CT Investment Overview
PROPERTYOVERVIEW:EXPRealtyAdvisorsexclusivelypresentsforsaleabrandnewDollarGeneral locatedinWaterbury,CTonFairfieldAvenue.Thebuildingisbeingconstructedinanupgraded“NewEngland”styleandrentisexpectedtocommenceinSeptember2017.Thebuildingwillbe7,500+/- sfon .87acresof land.Theproperty is locatedat thehard-cornerintersec5onof FairfieldAvenueandWesley Street.With in a2minutedriveof theproperty areHolyCrossHighSchool,whichisprivateandhasapproximately500students,aswellastheCountryClubofWaterbury.TheCountryClubofWaterburyisaprivate,18-holeDonaldRossdesignedcourse. Interstate-84,whichcanbereachedviaa5minute drive to the north, has average daily traffic counts above 78,000 VPD near this loca5on. Retailers in theimmediatetradeareaincludeRiteAid,IGA,WellsFargo,TDBank,WebsterBank,Mobil&DunkinDonuts.Within5milesofthepropertythereareapproximately160,000peoplewithanaveragehouseholdincomeof$68,000.LOCATIONOVERVIEW:WaterburyisacityinthestateofConnec5cutontheNaugatuckRiver,33milessouthwestofHariordand77milesnortheastofNewYorkCity.ItisthefijhmostpopulouscityinthestateofConnec5cut,theninthinNewEngland,and the tenth in the greater New York CityMetropolitan Area. Located in NewHaven County, the city had anes5mated popula5onof110,366atthe2010UnitedStatesCensus,withapopula5ondensityof3,866peoplepersquaremile.LEASESUMMARY:RentCommencement: September1st,2017(an5cipated) LeaseExpira5onDate: September2032CurrentRent: $115,072Op5ons: Three–(5)yearop5onsOp5onsEscala5ons: 10%every5yearsLeaseType: AbsoluteTripleNetTENANTOVERVIEW:DollarGeneral|NYSE:DG|S&PRaOng:BBB-InvestmentGradeDollarGeneralCorpora5onoperatesasthecountry’slargestsmall-boxdiscountretailerwithstoresinthesouthern,southwestern,midwestern,andeasternUnitedStates.Thestoresaretypically located in localneighborhoodsandsmall communi5es.DollarGeneral offers bothname-brandand genericmerchandise—includingoff-brand goodsand closeouts of name-brand items. In 2007Kohlberg Kravis Roberts&Co. (KKR) (NASDQ: KKR) acquiredDollarGeneral,priva5zedthecompanyfor restructuring,andtookthecompanypublicagain in2009.Asof January29,2016,itoperated12,483storeslocatedin43statesandrankswithintheFortune500Companies.
