Jacob Abusharkh
Managing [email protected] BRE#01385529
www.TheKaseGroup.com
SVN The Kase Group
Dollar General NNN Leased Offering | Wilmington, DE
$2,808,048 | 6.25% CAP
Offering Highlights
New 15 Year NNN Lease
Corporate Guaranty - NYSE: DG
S&P Rated BBB- Investment Grade Credit
Scheduled Increases in Rent
New 2014 High Quality Construction
Representative Photo
Dollar General NNN Leased Offering
www.TheKaseGroup.comAll Sperry Van Ness® Offices Independently Owned & Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for correctness.
www.TheKaseGroup.comAll Sperry Van Ness® Offices Independently Owned & Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for correctness.
SVN The Kase Group
The material contained in this Investment O erin rochure is furnished solely for the purpose of considerin the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photo-copied or disclosed to any third party without the written consent of perry an ess or Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the roperty.
The only party authori ed to represent the roperty Owner Owner in connection with the sale of the roperty is the per-
ry an ess dvisor listed in this proposal, and no other person is authori ed by the Owner to provide any information or to ma e any representations other than contained in this Investment Of-ferin rochure. If the person receivin these materials does not choose to pursue a purchase of the roperty, this O erin ro-chure must be returned to perry an ess.
either the perry an ess dvisor nor the Owner ma e any representation or warranty, e press or implied, as to the accuracy or completeness of the information contained herein, and noth-in contained herein is or shall be relied upon as a promise or representation as to the future performance of the roperty. This O erin rochure may include certain statements and estimates by perry an ess with respect to the pro ected future perfor-mance of the roperty. These ssumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. urther, the perry an ess dvisor and the Owner disclaim any and all liability for representations or warranties, e pressed or implied, contained in or omitted from this Investment O erin rochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those repre-sentations and warranties that may be made to it in any nal,
fully e ecuted and delivered eal state urchase reement between it and Owner.
The information contained herein is sub ect to chan e without notice and the recipient of these materials shall not loo to Owner or the perry an ess dvisor, nor any of their officers, employees, representatives, independent contractors or af-
liates, for the accuracy or completeness thereof. ecipients of this Investment O erin rochure are advised and encoura ed to conduct their own comprehensive review and analysis of the
roperty.
This Investment O erin rochure is a solicitation of interest only and is not an o er to sell the roperty. The Owner e pressly reserves the ri ht, at its sole discretion, to re ect any or all e pres-sions of interest to purchase the roperty and e pressly reserves the ri ht, at its sole discretion, to terminate ne otiations with any entity, for any reason, at any time with or without notice. The Owner shall have no le al commitment or obli ation to any entity reviewin the Investment O erin rochure or ma in an o er to purchase the roperty unless and until the Owner e ecutes and delivers a si ned eal state urchase reement on terms ac-ceptable to Owner, in Owner s sole discretion. y submittin an o er, a prospective purchaser will be deemed to have ac nowl-ed ed the fore oin and a reed to release the Owner and the
perry an ess dvisor from any liability with respect thereto.
To the e tent Owner or any a ent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as bindin Owner. Only a fully e ecuted eal state urchase reement shall bind the property and each prospective purchaser proceeds at its own ris .
Disclaimer | Con dentiality
Dollar General NNN Leased OfferingSVN The Kase Group
www.TheKaseGroup.comAll Sperry Van Ness® Offices Independently Owned & Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for correctness.
CONTENTS
PROPERTY OVERVIEW
Executive Summary
Tenant Summary
FINANCIAL OVERVIEW
Financial Summary
LOCATION INFORMATION
Location Maps
Aerial Photo
DEMOGRAPHICS
Demographics Analysis
Demographics Map
Dollar General NNN Leased OfferingSVN The Kase Group
www.TheKaseGroup.comAll Sperry Van Ness® Offices Independently Owned & Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for correctness.
PROPERTY OVERVIEW
Executive Summary
Tenant Summary
Investment OverviewSale Price: $2,808,048
CAP Rate: 6.25%
Lot Size: 1.02 Acres
Building Size: 9,100 SF
Market: Wilmington, DE
Property InfoThe sub ect o erin is a fee simple interest in a absolute net leased ollar eneral. It is a new year lease with ve year renewal options. There are rental increases at each option period. This is an ideal opportunity for a passive investor loo in for a lonterm stable investment with ero landlord responsibilities. The buildin is of hi h uality construction completed in .
Area Infoilmin ton is the lar est city in the state of elaware, and is located at the con uence of
the hristina iver and randywine ree , near where the hristina ows into the elaware iver. It is the county seat of ew astle ounty and one of the ma or cities in the ela
ware alley metropolitan area. ccordin to the census, the population of the city is , . The metropolitan area which includes the cities of hiladelphia, and amden, ew
ersey had a population of , , , and a combined statistical area of , , . ersey had a population of , , , and a combined statistical area of , , .
1402 East Newport Pike | Wilmington, DE 19804
Executive Summary
Dollar General NNN Leased Offering
www.TheKaseGroup.comAll Sperry Van Ness® Offices Independently Owned & Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for correctness.
Tenant Overviewollar eneral orporation, incorporated in , is a discount retailer in the nited tates by number of stores, with , stores located in states as of arch , ,
primarily in the southern, southwestern, midwestern and eastern nited tates. The ompany o ers a selection of merchandise, includin consumables, seasonal, home products and apparel. The ompany s merchandise includes national brands from manufacturers, as well as private brand selections with prices at substantial discounts to national brands. It o ers its merchandise at everyday low prices throu h its convenient small bo appro imately , s uare feet locations. urin the scal year ended ebruary ,
scal , it opened stores and remodeled or relocated stores, and closed stores. Its small bo stores o er consumable items, includin pac a ed and refri erated foods.
The ompany purchases merchandise from a variety of suppliers and maintain direct buyin relationships with many producers of national brand merchandise, such as rocter & amble, imberly lar , nilever, ello s, eneral ills, abisco, oca ola and epsi o. Its stores are supported by distribution centers located strate ically throu hout its eo raphic footprint, includin a distribution center in essemer, labama which be
an shippin to stores on arch , . The ompany leases additional temporary warehouse space as necessary to support its distribution needs. In addition, it has leased a distribution facility in ebec, alifornia.
The avera e ollar eneral store has appro imately , s uare feet of sellin space. urin scal , its total store count included ollar eneral ar et stores, which,
in addition to the merchandise o erin of a traditional ollar eneral store, feature an e panded food section, includin fresh meat and produce and more fro en and refri erated foods. urin scal , it opened ollar eneral ar ets, includin seven as part of its initial entrance into evada. In addition to the ar et stores, it is also testin a lar e format traditional store with appro imately , s uare feet of sellin space, includin an e panded section of coolers and free ers.
The ompany competes with amily ollar, ollar Tree, red s, ents Only, almart, Tar et, al reens, and ite id.
Corporate InformationTic er ymbol
ounded , as Turner & on
ead uarters oodlettsville, T
o. of ocations ,
evenue . illion
ar et ap . illion
ebsite www. .com
Tenant Highlights& ated Investment rade redit
Fortune 500 Company
Tenant Summary
Dollar General NNN Leased Offering
www.TheKaseGroup.comAll Sperry Van Ness® Offices Independently Owned & Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for correctness.
Dollar General NNN Leased OfferingSVN The Kase Group
www.TheKaseGroup.comAll Sperry Van Ness® Offices Independently Owned & Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for correctness.
FINANCIAL OVERVIEW
Financial Summary
1402 East Newport Pike | Wilmington, DE 19804 $2,808,048 | 6.25% CAP
CAP Rate: 6.25%
Building SF: 9,100
Lease Type:
Type of Ownership: Fee Simple
Estimated Annualized Operating Data Year 1 Option 1 Option 2 Option 3
Net Operating Income , , , ,
CAP Rate . . . .
Tenant Name GLA Lease Begin Lease End Annual Rent Increases Options
Dollar General , , ent Tenant has
increases ve year
10% at options
each option to renew
Financial Summary
Dollar General NNN Leased Offering
www.TheKaseGroup.comAll Sperry Van Ness® Offices Independently Owned & Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for correctness.
Dollar General NNN Leased OfferingSVN The Kase Group
www.TheKaseGroup.comAll Sperry Van Ness® Offices Independently Owned & Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for correctness.
LOCATION INFORMATION
Location Maps
Aerial Photo
Location Maps
Dollar General NNN Leased Offering
www.TheKaseGroup.comAll Sperry Van Ness® Offices Independently Owned & Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for correctness.
Aerial Photo
Dollar G
eneral NN
N Leased O
ffering
www.TheKaseG
roup.comAll Sperry Van N
ess®
Offi
ces Independently Ow
ned & O
peratedThe inform
ation listed above has been obtained from sources w
e believe to be reliable, however, w
e accept no responsibility for correctness.
Dollar General NNN Leased OfferingSVN The Kase Group
www.TheKaseGroup.comAll Sperry Van Ness® Offices Independently Owned & Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for correctness.
DEMOGRAPHICS
Demographics Analysis
Demographics Map
Demographics Analysis
Dollar General NNN Leased Offering
www.TheKaseGroup.comAll Sperry Van Ness® Offices Independently Owned & Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for correctness.
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RADIUS MAP
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Median Age . . .
emo raphic information provided by uildOut,
Dollar General Net Leased Offering Demographics Analysis
Demographics Map
Dollar General NNN Leased Offering
www.TheKaseGroup.comAll Sperry Van Ness® Offices Independently Owned & Operated
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for correctness.
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www.TheKaseGroup.com
All Sperry Van Ness® Offices Independently Owned & Operated ll ri hts reserved
PRESENTED BY
Jacob AbusharkhManaging Director
[email protected] BRE#01385529
SVN The Kase Group
