+ All Categories
Home > Documents > NNN Dollar General - Capital Pacific · Dollar General will be the only dollar store chain with an...

NNN Dollar General - Capital Pacific · Dollar General will be the only dollar store chain with an...

Date post: 06-Sep-2018
Category:
Upload: lythien
View: 217 times
Download: 0 times
Share this document with a friend
10
NNN Dollar General For more info on this opportunity plse conct: Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. 416 South Cedar St., Stockton, KS 67669 JOHN ANDREINI jandreini@capitalpacific.com | (415) 274-2715 CA BRE# 01440360 RICK SANNER rsanner@capitalpacific.com | (415) 274-2709 CA BRE# 01792433 CHRIS KOSTANECKI ck@capitalpacific.com | (415) 274-2701 CA BRE# 01002010 BOB SANNER bsanner@capitalpacific.com | (415) 274-2717 CA BRE# 00869657 Representative Photo In conjuction with KS Licensed Broker: Phil Bundy [email protected] | (316) 686-9292 the strongest dollar store chain New price Relocated and expanded store only dollar store in the city
Transcript

NNN Dollar General

For more info on this opportunity please contact:

Capital Pacific collaborates. Click here to meet the rest of our San Francisco team.

416 South Cedar St., Stockton, KS 67669

John [email protected] | (415) 274-2715 CA BRE# 01440360

riCK [email protected] | (415) 274-2709 CA BRE# 01792433

ChriS KoStAneCKi [email protected] | (415) 274-2701 CA BRE# 01002010

BoB [email protected] | (415) 274-2717 CA BRE# 00869657

Representative Photo

In conjuction with KS Licensed Broker: Phil [email protected] | (316) 686-9292

the strongest dollar store chainNew price

Relocated and expanded storeonly dollar store in the city

Representative Photos

DoLLAR GEnERAL | 2

inVeStMent GrAde Credit Dollar General’s credit is BBB- and the company’s credit rating has been raised four times since 2009. It has a better credit rating than both of its large competitors (See more information on Page 8)

StronG tenAnt During fiscal 2014, Dollar General opened about 700 new stores and will open about 700 stores in fiscal 2015 as well Dollar General has more stores (11,700+) than any other dollar store in the US and is currently the largest dollar store chain in the country In the 5+ years since going public in 2009, the Dollar General stock price has more than tripled (from $23 to $75)

LeASe hiGhLiGhtS Fifteen year nnn lease with optionsParent company guaranteedGuarantor is “investment grade” (see above)Lease began January, 2014

NNN property iN StocktoN, kaNSaS investment Highlights

Representative Photo15-year primary term lease with five (5), five-year options with a 10% rental increase at the beginning of each option period. The store opened January, 2014. This is the ONLY national dollar store in the city.

rentABLe SF . . . . . . . . . 9,026 SF

YeAr BuiLt . . . . . . . . . . Early 2014

PRICE . . . . . . . . . . . .$1,187,000CAp rAte . . . . . . . . . . . . 6.70%

LeASe tYpe . . . . . . . . . . nnn

DoLLAR GEnERAL | 2

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.

income & expense

Representative Photo

PRICE $1,187,000

Capitalization Rate: 6.70%

Total Rentable Area (SF): 9,026

Lot Size (Acres): 0.77

STABILIZED INCOME Per Square Foot

Scheduled Rent $8.81 $79,541

Effective Gross Income $8.81 $79,541

LESS Per Square Foot

Taxes nnn $0.00

Insurance nnn $0.00

Total operating Expenses $0.00

EQUALS NET OPERATING INCOME $79,541

Representative Photos

DoLLAR GEnERAL | 3

Site plan

S. 4th Street

S. C

edar

Stre

et18

3

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.

rent roll

Representative Photo

tenAnt inFo LeASe terMS rent SuMMArY

Tenant Name Sq. Ft. Term Current Rent

Monthly Rent

Yearly Rent

Monthly Rent/SF

Yearly Rent/SF

Dollar General 9,026 1 15 $79,541 $6,628 $79,541 $0.73 $8.81

option 1 $7,291 $87,495 $0.81 $9.69

option 2 $8,020 $96,245 $0.89 $10.66

option 3 $8,822 $105,869 $0.98 $11.73

Totals: 9,026 $79,541 $6,628 $79,541 $0.73 $8.81

Store opened January, 2014

DoLLAR GEnERAL | 5

Dollar General

DoLLAR GEnERAL hAS GRown InTo ThE CoUnTRy’S LARGEST

SmALL-Box DISCoUnT RETAILER.

Representative Photo

Representative Photo

ABoUT DoLLAR GEnERAL

Dollar General (nySE: DG) is a chain of more than 11,700 discount stores in 40 states, primarily in the South, East, midwest, and Southwest. offering basic household items, such as cleaning supplies, health and beauty aids, as well as some apparel and food, it targets low-, middle-, and fixed-income shoppers. Although it has the word “dollar” in its name, Dollar General is not solely a dollar store. The company offers goods sold at set price points ranging from under a dollar to $60. Some of its higher end items include over-the-counter medicines, seasonal products, pet products, prepaid cell phones and accessories, and automotive supplies.

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, within a closer driving distance. with 11,500+ locations, Dollar General has more stores than any other retailer, and is easily the largest dollar store chain.

The company ranks 175th within the Fortune 500 list. Fiscal 2014 revenues exceeded $18.9 billion with a net income of $1.065 billion, and net worth of $5.71 billion.

CoMpAnY tYpe: pUBLic (NySe: DG)

2014 SALeS $18.90 BiLLioN

S&p 500 Credit rAtinG BBB- (See next page)

nuMBer oF StoreS 11,700+

2013 Fortune 500 #175

DoLLAR GEnERAL | 6

Dollar General credit rating

ThE ThREE LARGEST DoLLAR SToRE ChAInS, RAnKED By 2014 REvEnUE, ARE:

ABoUT ThE STRonG DoLLAR GEnERAL CREDIT RATInG

As of mid-April, 2015, Family Dollar had formally agreed to be acquired by Dollar Tree, thus, Family Dollar will become a wholly owned subsidiary of Dollar Tree.

Dollar Tree will take on billions of dollars of debt to acquire Family Dollar, and, as they combine, that will negatively impact the credit rating of both these companies. moreover, Family Dollar, as a subsidiary of Dollar Tree, will no longer issue separate financial statements.

The best known rating agency, Standard & Poor’s, announced in late January on its website that both Family Dollar and Dollar Tree will be downgraded.

with the effective date of this acquisition (probably may), both of these competitor entities will no longer be investment grade-rated. Dollar General will be the only dollar store chain with an investment grade rating.

As a matter of information, after the acquisition, the combined Dollar Tree-Family Dollar entity will have approximately the same amount of revenue as Dollar General, but more debt. That is the reason for the lower credit rating.

DoLLAR GEnERAL

FAmILy DoLLAR

DoLLAR TREE

2

3

1

Representative Photo

Representative Photo

DoLLAR GEnERAL | 7

regional Map

Stockton KS

Location

DollaR GEnERal

Stockton

Representative Photo

Wichita

DoLLAR GEnERAL | 8

StoCKton, KS

Stockton is located in northern Kansas halfway between Kansas City

and Denver. The city is on the eastern edge of the Great Plains along the

Solomon River valley at the junction of highways 183 and 24.

Rooks County State Park, webster Lake, and Kirwin national wildlife

Refuge are located nearby and act as destinations for boating, fishing,

and hiking for residents in the surrounding area.

The subject is the only national dollar store in Stockton (there are no

other Dollar General stores or Family Dollar stores in the city).

2013 HousEHolD InComEs

PoPulatIon

Location and Demos

3-Mile 5-Mile 10-Mile

2010 1,434 1,521 1,9002013 1,461 1,548 1,9272018 1,499 1,587 1,968

3-Mile 5-Mile 10-Mile

Average $49,727 $50,108 $51,302median $32,218 $32,618 $34,006

DoLLAR GEnERAL | 9

Representative Photo

A unique HUMANRESULTS-DRIVEN client experience

the CApitAL pACiFiC experienCe - our dAiLY CoMMitMent to our CLientS

[ www.Capitalpacific.com ]

Copyright © 2014 [Capital Pacific Real Estate Brokerage Company]

John [email protected] | (415) 274-2715 CA BRE# 01440360

riCK [email protected] | (415) 274-2709 CA BRE# 01792433

ChriS KoStAneCKi [email protected] | (415) 274-2701 CA BRE# 01002010

BoB [email protected] | (415) 274-2717 CA BRE# 00869657

Representative Photo

In conjuction with KS Licensed Broker: Phil [email protected] | (316) 686-9292


Recommended