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Dollar Tree for Sale 3706 N. Monroe St. | Tallahassee, FL
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Page 1: Dollar Tree for Sale - files.constantcontact.comfiles.constantcontact.com/18814edb001/4dbb2285-5d8f-4238-8c6a-87b... · Dollar Tree is the nation’s leading operator of fixed price-point

Dollar Tree for Sale3706 N. Monroe St. | Tallahassee, FL

Page 2: Dollar Tree for Sale - files.constantcontact.comfiles.constantcontact.com/18814edb001/4dbb2285-5d8f-4238-8c6a-87b... · Dollar Tree is the nation’s leading operator of fixed price-point

FOR FURTHER INFORMATION

Joe Boydoffice 843.973.8283mobile 843.906.7751email [email protected]

125-G Wappoo Creek Drive Charleston, SC 29412

phone (843) 722.9925fax (843) 722.9947web twinriverscap.com

Locator Map .................................................................. 3

High Aerial .....................................................................4

Mid Aerial ......................................................................5

Site Aerial ...................................................................... 6

Site Plan ........................................................................7

Property Information ....................................................8

Tenant & Lease Information ........................................9

Financials .................................................................... 10

About Us ...................................................................... 11

Table of Contents

3706 N. Monroe St.Tallahassee, FL

Page 3: Dollar Tree for Sale - files.constantcontact.comfiles.constantcontact.com/18814edb001/4dbb2285-5d8f-4238-8c6a-87b... · Dollar Tree is the nation’s leading operator of fixed price-point

Locator Map

TALLAHASSEE, FL

Page 4: Dollar Tree for Sale - files.constantcontact.comfiles.constantcontact.com/18814edb001/4dbb2285-5d8f-4238-8c6a-87b... · Dollar Tree is the nation’s leading operator of fixed price-point

High Aerial

SITE

STARBUCKS TRUE LOGOS. GENERATED BY CHI NGUYEN (CHISAGITTA)

Pásala bien.

From PDF

30,500 AADT

10,543 AADT

9,439 AADT

39,000 AADT

30,500 AADT

41,500 AADT

Page 5: Dollar Tree for Sale - files.constantcontact.comfiles.constantcontact.com/18814edb001/4dbb2285-5d8f-4238-8c6a-87b... · Dollar Tree is the nation’s leading operator of fixed price-point

Mid Aerial

STARBUCKS TRUE LOGOS. GENERATED BY CHI NGUYEN (CHISAGITTA)

SITE

30,500 AADT

10,543 AADT

Shared Full Access

Shared RIRO Access

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Site Aerial

Church

Daycare

Pet Supply Shop

Carpet / Tile / Granite Shop

SITE

Shared Full Access

Shared RIRO Access

Page 7: Dollar Tree for Sale - files.constantcontact.comfiles.constantcontact.com/18814edb001/4dbb2285-5d8f-4238-8c6a-87b... · Dollar Tree is the nation’s leading operator of fixed price-point

Site Plan

SITE

Page 8: Dollar Tree for Sale - files.constantcontact.comfiles.constantcontact.com/18814edb001/4dbb2285-5d8f-4238-8c6a-87b... · Dollar Tree is the nation’s leading operator of fixed price-point

Property and LocationHighlightsTALLAHASSEE, FLTallahassee is the capital of Florida, the county seat of Leon County, and the largest city in the Northwest Florida region.

Recent tremendous growth in Tallahassee will bring approximately 10,000 jobs to the area by 2020 and up to 46,000 jobs by 2030 (source: Florida Chamber Foundation). Tallahassee’s job market has experienced an increase of 1.7%, reporting 179,200 non-farm, salary, and wage jobs as of November 2016 - the highest figures since December 2007 (source: U.S. Bureau of Labor Statistics). The fastest growing job sectors are hospitality, professional services, finance, and healthcare.

Tallahassee is home to Florida State University, ranked the nation’s forty-third best public university by U.S. News & World Report. It is also home to Florida A&M University, one of the country’s largest historically black universities. Tallahassee Community College is a large community college which serves mainly as a feeder school to both Florida State and Florida A&M. Tallahassee qualifies as a significant college town with a student population exceeding 70,000.

Tallahassee is a center for trade and agriculture in the Big Bend region and Southwest Georgia. As a capital city, Tallahassee is home to the Florida State Capitol, Supreme Court of Florida, Florida Governor’s Mansion, and nearly 30 state agency headquarters. The city is also known for its large number of law firms, lobbying organizations, trade associations and professional associations; including the Florida Bar and the Florida Chamber of Commerce. It is also a recognized regional center for scientific research, and home to the National High Magnetic Field Laboratory.

> 3.61 ACRES> 10,000 SF BUILDING> LEASE TERM: 10 YEARS> HIGH PROFILE LOCATION WITH STRONG VPD (30,500)> ASKING PRICE: $1,840,000> CAP RATE: 6.25%> TALLAHASSEE IS THE STATE CAPITAL> FLORIDA IS AN INCOME TAX-FREE STATE> NN LEASE> LANDLORD RESPONSIBILITIES: ROOF, PARKING LOT, STRUCTURE> OPENED OCTOBER 2017

> DEMOGRAPHICS 1 Mile 3 Mile 5 Mile

Population 6,185 47,416 116,981

Average HHI 59,461 53,212 51,671

Property Information

Page 9: Dollar Tree for Sale - files.constantcontact.comfiles.constantcontact.com/18814edb001/4dbb2285-5d8f-4238-8c6a-87b... · Dollar Tree is the nation’s leading operator of fixed price-point

Tenant & Lease InformationTENANT PROFILE

Tenant: Dollar Tree Stores, Inc.Guarantor: Dollar Tree, Inc.

Dollar Tree, a Fortune 200 Company which acquired Family Dollar in July, 2015, now operates more than 15,000 stores across 48 states and five Canadian prov-inces. Stores operate under the brands of Dollar Tree, Dollar Tree Canada, Deals, and Family Dollar with a Market Capitalization of $25 Bn.

Dollar Tree is the nation’s leading operator of fixed price-point stores, selling everything for $1 or less, and Family Dollar is a leading national operator of multi price-point stores offering merchandise generally ranging in price from $1-$10 including consumables, home products, apparel and accessories, electronics, and seasonal goods to primarily low and middle-income consumers in convenient neighborhood stores. The Company intends to retain and to grow both banners going forward and will optimize the combined real estate portfolio

> Financial Strength: Investment grade. S&P 500 credit rating of BB+ and Moody’s of Ba1> Amazon (e-commerce) Proof: Discount stores are being described as “immune to e-commerce” due to their focus on convenience and small store formats (source: eMarketer Inc., a leading market research company)> Dollar Tree reported $5.64 billion in net sales in its most recent quarter> The combined Dollar Tree and Family Dollar company operates more than 15,000 stores nationwide, making it the largest dollar-store chain in the U.S. by store count> The combined company has sales of over $19 billion a year

NYSE: DLTR

LEASE INFORMATION> Lease term: 10 years

> Three 5-year options increasing at $0.50 psf each option period

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Financials

Rent Roll Tenant: Dollar Tree Stores, Inc. Guarantor: Dollar Tree, Inc. NN Lease

Price SummaryPrice $1,840,000

Cap Rate 6.25%

Annual Rent $115,000

TENANT BUILDINGSQ FT

LEASE START/EXPIRATION

RENT PERSQ FT

MONTHLYRENT

ANNUALRENT OPTIONS

Dollar Tree 10,000SF

January 7, 2018thru

January 31, 2028

Years 1 – 10:$11.50

Years 1 – 10: $9,583.33

Years 1 – 10: $115,000

Three 5-year options

increasing at $0.50 psf

eachoptionperiod

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TRC provides national retailers with a comprehensive solution for growing their business by developing new locations.

TWIN RIVERS CAPITAL, LLC

Twin Rivers Capital, LLC is a privately held real estate investment, development and brokerage company, founded in 2002 and headquartered in Charleston, SC. Focusing on the growth regions of the Southeastern US, TRC provides national retailers with a comprehensive solution for adding new locations. TRC has developed more than 1.2 million SF of real estate with values in of nearly $200 million. TRC also handles third party brokerage, including tenant and landlord representation and investment brokerage services in FL, GA, SC, NC, VA, TN and AL.

Build to Suit • JV Programs • Preferred Developer for National RetailersBrokerage • Fee Development Programs

FAMILY DOLLARAUTOZONE

MCDONALD’SVERIZON

WALMARTDOLLAR TREE

DICK’SAT&T

HOBBY LOBBYSTARBUCKS

DUNKIN’ DONUTSEDWARD JONES

YOUR TWIN RIVERS CAPITAL CONTACT

Joe BoydJoe is responsible for all property and asset management and is also involved in property sales.

With over 25 years of experience in proper-ty management, Joe has served as Property Manager for numerous lifestyle centers and super-regional malls, including properties held by Madison Marquette Realty Services, CBL Properties and The Jacobs Group.

Joe received his Bachelor’s Degree from Grove City College and his MBA from Indiana University of Pennsylvania. He received his CSM in 1995, his CMD in 1997 and his SC Realtor’s License in 2008.

OFFICE 843.973.8283MOBILE 843.906.7751EMAIL [email protected] twinriverscap.com

About Us

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