Sister City to Raleigh | Dense Demographics | U.S. Route Highway Location | Opening December 2019
Click to View Google Map: 8909 US 401 N, Fuquay-Varina, NC 27526
Highlights• New 15-Year Lease | Zero Landlord Maintenance | Five, Five-Year Options
with 10 Percent Rent Increases
• Fuquay-Varina is Located just 15 Minutes South of Raleigh City Limits | NorthCarolina’s Economic Epicenter
• Brand New 2019 Construction | Slated for December 2019 Delivery
• This Site Benefits from Traffic Counts of 10,900 Cars Per Day
• Fuquay-Varina’s Population has More than Doubled over the Last 10 Yearsand is One of the 10 Fastest-Growing Cities in North Carolina
• Tenant is the Nation’s Largest Small-Box Discount Retailer with over 15,000Locations in 44 States
• Dollar General is the Nation’s Largest Small-Box Discount Retailer with over15,370 Locations in 45 States
• Standard & Poor’s Investment Grade (S&P “BBB”) Tenant; the only Small-Box Retailer With Investment Grade Credit | 9% Increase over the Previous12-Month Period
Tenant SummaryLease Commencement December 2019Lease Expiration December 2034Original Term 15-Year LeaseOption Term Five, Five-Year OptionsIncreases 10 Percent Per Option Period. Fixed During BaseGuarantee CorporateLease Type Absolute NetLandlord Responsibilities None
Zero Landlord Maintenance
Multiple Competitive Financing Options
$25.6 Billion in Annual Revenue | More Than Starbucks and Very Close to McDonald’s
29 Straight Years of Sales Growth | 80 Successful Years in Business
Best in Class Industry Leader
Direct Rent Payments
Organized and Automated Landlord Communication
Currently Dollar General could quite possibly be the most desired net leased investment. From 2016 to 2018, including portfolio sales, on average five newly constructed Dollar General locations were purchased by investors every week!
DOLLAR GENERALWhy Investors & Lenders Love
PricingPrice $1,820,245Cap Rate 5.75%Approximate Building Square Footage 9,100 SFYear Built 2020Approximate Lot Size 1.17 AcresActual Building
Financing OptionsMultiple financing options are available based on buyer requirements. Please contact listing agents to discuss options in detail.
Approximate Rate 4.30%Loan to Value up to 65%Fixed Term 5 YearsAmortization 25 Years
Annualized Operating DataLease Year Annual Rent Monthly RentYear 1 - 15 $104,664 $8,722Option 1: Year 16 - 20 $115,128 $9,595Option 2: Year 21 - 25 $126,636 $10,553Option 3: Year 26 - 30 $139,296 $11,608Option 4: Year 31 - 35 $153,228 $12,769Option 5: Year 36 - 40 $168,552 $14,046Net Operating Income $104,664
Marcus & Millichap Real Estate Investment Services of North Carolina, Inc.-201 S Tryon St. Suite 1220Charlotte, NC 28202NC License # 303785Tel: (843) [email protected]
Richard KnorrDirector Capital Markets
CA License: 01942509Cell: (760) 446-5766Office: (909) [email protected]
Founded 1939 (78 Years Ago)Type PublicNumber of Locations 15,000+Headquarters Tennessee, United StatesWebsite www.dollargeneral.com
Dollar General (NYSE: DG) is a chain of more than 15,000 discount stores in 44 states, primarily in the South, East, Midwest, and Southwest, offering basic household items, such as cleaning supplies, health, and beauty aids, apparel, and food. The target is low, middle, and fixed-income shoppers. One of Dollar General’s main advantages is that it offers prices as low or lower than Walmart but in more convenient locations.
Rating:BBB
Ranking:#123
Revenue:$25.6 Billion (2018)
# of Locations:15,300+
Number of Units
10,502 11,13211,789
12,483 13,32014,534
2012
2013
2014
2015
2016
2017
$22
$16 $17.5$18.9
$20.4
2012
2013
2014
2015
2016
Dollar General has more locations than Target and Walmart Combined
Annual Revenue (In Billions)
$23.5
2017
Dollar General Just Keeps on Growing
Dollar General OverviewDemographics
3 Miles 5 Miles 10 MilesPopulation 7,038 32,075 122,810Households 2,567 12,064 44,619Average Household Income $70,242 $66,294 $73,105
15,370
2018
$25.6
2018
NewsDollar General is Dominating in America. Here’s How it Keeps its Prices so Low
Dollar General Corporation Reports 3.8% Same-Store Sales Growth for First Quarter 2019
We Shopped at Dollar Tree and Dollar General to See Which Offered a Better Shopping Experience, and the Winner was Unmistakable
Dollar General’s Recent Partnerships And Market Expansion Draw Investors
Look Good for Less: Dollar General’s Makeup Makes Splash Online
Originally, visitors from near and far traveled to the quaint town that is now called Fuquay-Varina seeking the healing powers of the Fuquay Mineral Spring. The town, located just 15 minutes south of Raleigh, has flourished into a vibrant, family-friendly community. You will find award winning breweries, a thriving art scene, authentic festivals, entertaining outdoor concerts, exceptional shopping and dining that is more fun than formal. Fuquay-Varina is one of North Carolina’s fastest growing communities that is well positioned for investment, growth and development. Strategically located nearby world famous Research Triangle Park, Raleigh, Durham and Chapel Hill, Fuquay-Varina is a prime location for businesses that are looking to locate/relocate or to expand, offering companies access to a large pool of talented workforce; affordable, flexible, and attractive real estate options; strategic access via a multi-modal transportation network; and excellent education options.
Text Provided by Fuquay-Varina Web Site - For More Information visit https://www.fuquay-varina.org/
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the prop-erty for your needs.Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and finan-cial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-con-structed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investi-gation and/or purchase of this net leased property.ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
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