[ REPRESENTATIVE PHOTO ]
New NNN Dollar general
[ www.CapitalPacific.com ]
The only investment grade dollar store in townRent increases in the base term
Click for MapHighway 91, Humphrey, NE 68642
town with low unemployment rate of 3.2%average incomes of $74,000
NEW NNN DOLLAR GENERAL IN HUMPHREY, NE WHERE THE UNEMPLOYMENT RATE IS JUST
3.2% & AVERAGE HOUSEHOLD INCOMES EXCEED $74,000. THIS IS THE ONLY NATIONAL DOLLAR
STORE IN THE TOWN.
Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team.
Listing Team Contact Info
RENtablE SF . . . . . . . . . . . 9,100 SFlot SizE . . . . . . . . . . . . . . . 1.16 AClEaSE tyPE . . . . . . . . . . . NNNComPlEtioN datE . . . . . Now Open
PRICE: $1,167,467CAP: 6.75%
investment highlights
Jamison Whiston, WRK Real Estate, [email protected] | (402) 817-4486
[ REPRESENTATIVE PHOTO ]
ProPerty HigHligHtsThe site is in Humphrey, NE (see demographics on page 10). The following are unemployment rates according to Homefacts.com as of November, 2015:
Humphrey: 3.2% National: 5.0%
In the last ten years, since 2006, unemployment here has consistently been less than the US average, occasionally even less than half of the national average.
HigH iNcomesthe average household income within 5 miles is about $74,000.
iNvestmeNt grade creditDollar 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.
core characteristics
ATTRACTIVE FINANCING AVAILABLE:
Up to 75% Leverage5 Year Fixed – 3.98% - 25 Year Amortization10 year Fixed – 4.58% - 25 year Amortization
0.25% Loan Fee plus 3rd party appraisal & title*Contact Agents for Details
[ REPRESENTATIVE PHOTO ]
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
PRICE $1,167,467 Price Per Square Foot: $128.29
Capitalization Rate: 6.75%
Total Rentable Area (SF): 9,100
Lot Size (AC): 1.16
STABILIZED INCOME Per Square FootScheduled Rent $8.66 $78,804
Effective Gross Income $8.66 $78,804
LESS Per Square FootTaxes NNN $0.00
Insurance NNN $0.00
Total Operating Expenses NNN $0.00
EQUALS NET OPERATING INCOME $78,804
income & expense
[ REPRESENTATIVE PHOTO ]
dollar general | 4
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.
site plan
SitE PlaN KEy
PARCEL OUTLINE:
LAND AREA: 9,100 SF
BUILDING AREA: 1.16 AC
INGRESS/EGRESS:
PRoPoSEd CoUNty Road
91
PyloN SiGN
dollar general | 5
aerialonly national dollar store in town
N 3rd Street
S 3r
d St
reet
460 Street
467th Street
91
71a
91
81
81
81
steePleView GolF CoUrse
Humphrey Elementary
St. Frances High School
PreCision eXCaVatinG
Beller & BaCKes, inC.
Platte Valley
eQUiPMent
desiGn aGri-systeMs,
inC.
nortHland CUstoMs
and ClassiCs
a&H BUildinG
and sUPPly
HUsKer Vinyl
Midway Motel
HoG slat
sHaron’s oldies & antiQUes
KUCHar CHiroPraCtiC
HUMPHrey MediCal CliniC
HUMPHrey PUBliC liBrary
MUGs n JUGs Bar & Grill
Main street MarKetPFeiFer
PHotoGraPHyHUMPHrey deMoCrat
HUMPHrey PHysiCal tHeraPy
oMaHa91
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.
*Now open
rent roll
[ REPRESENTATIVE PHOTO ]
TENANT INFO LEASE TERMS RENT SUMMARY
Tenant Name Sq. Ft. Term Current Rent
Monthly Rent
Yearly Rent
Monthly Rent/FT
Yearly Rent/FT
Dollar General 9,100 1 10 $78,804 $6,567 $78,804 $0.72 $8.66
11 15 $6,764 $81,168 $0.74 $8.92
Option 1 16 20 $7,440 $89,285 $0.82 $9.81
Option 2 21 25 $8,184 $98,213 $0.90 $10.79
Option 3 26 30 $9,003 $108,035 $0.99 $11.87
Option 4 31 35 $9,903 $118,838 $1.09 $13.06
totals: 9,100 $78,804 $6,567 $78,804 $0.72 $8.66
renTalInCreaSeS
dollar general | 7
ComPaNy tyPE: PUBLIC (NYSE: DG)
FiSCal 2015 SalES $20.4 BILLION
S&P 500 CREdit RatiNG BBB (See next page)
2015 FoRtUNE 500 #159
NUmbER oF StoRES 12,483
dollar general is the country’s largest
small-box discount retailer
ABOUT DOLLAR GENERALDollar General (NYSE: DG) is a chain of more than 12,483 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 159th within the Fortune 500 list. Fiscal 2015 revenues exceeded $20.4 billion with a net income of $1.17 billion, and net worth of $5.3 billion. On March 10, 2016 Dollar General reported its fourth quarter and full year 2015 financial results. The report was quite good and the stock price rose on the news. The fiscal quarter reported in May 2016 was also very strong. As of June 1st, the stock price is up 20% YTD to a 52-week high.
Dollar General enjoys a strong credit rating, see next page.
tenant overview
[ REPRESENTATIVE PHOTO ][ REPRESENTATIVE PHOTO ]
dollar general | 8
THE THREE LARGEST DOLLAR STORE CHAINS, RANkED BY 2015 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, no longer issues 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 rated “BBB” by standard & Poor’s, and it has an equivalent rating from moody’s.
tenant credit rating
[ REPRESENTATIVE PHOTO ][ REPRESENTATIVE PHOTO ]
dollar general | 9
aboUt HUmPHREy, NE
The growing town of Humphrey is located 100 miles west of Omaha on NE 91 (E/W) two blocks from where it intersects with US 81 (N/S).
According to the demographic report (see data on the right), the average household income in Humphrey is approximately $74,000. Furthermore, the unemployment rate, (www.homefacts.com) is only 3.2%, which is well below the US average of 5%.
It is 22 miles from Humphrey to the larger city of Columbus, which is also the seat of Platte County. This distance means that residents of the areas near Humphrey may be more inclined to do their convenience shopping locally rather than traveling to Columbus. This Dollar General is the only national dollar store in the town.
PoPUlation1-mile 3-mile 5-mile
2010 1,357 2,121 5,5542015 1,427 2,248 5,9792020 1,482 2,345 6,296
1-mile 3-mile 5-mile
Average $74,530 $73,220 $61,734Median $60,427 $59,853 $50,430
2015 HoUseHold inCoMes
location & demographics
HUMPHrey
dollaR GENERal loCatioN
REGioNal maP
dollar general | 10
A unique HUMANRESULTS-DRIVEN client experience
tHE CaPital PaCiFiC ExPERiENCE - oUR daily CommitmENt to oUR CliENtS
[ www.CapitalPacific.com ]
[ REPRESENTATIVE PHOTO ]
Jamison Whiston, WRK Real Estate, [email protected] | (402) 817-4486
