Dollar General #3782 | Wills Point, TX
Dollar General #3782 | Wills Point, TX
1501 W South Commerce Street Wills Point, TX 75169
$457,500 | 8.65% CAP Rate Exclusively Marketed By:
• 2 years remaining, NN Lease
Branson Blackburn
• 9.1% increases in Options; 2 (3) year options
817.768.6377 | Direct
• Guarantor – Dollar General Corporate
[email protected]
• Located on Hwy 80 – 10,300 VPD www.ncpgtexas.com
Dollar General #3782 | Wills Point, TX
Exclusively Marketed By:
Table of Contents
Branson Blackburn TX # BDB 0611825
Investment Overview 817.768.6377 | Direct Tenant Overview
[email protected]
KW Net Lease Advisors Noble Crest Property Group Our team of professionals is dedicated to the purchase and sale of investment real estate. We are experts at assessing value and uncovering hidden opportunities. In today's market we continue to see some of the greatest opportunities in NNN assets. We have dedicated divisions that focus exclusively on NNN properties. Our in-depth expertise, constant studying of the market and strategic partnerships with offices around the country make KW Net Lease Advisors THE AUTHORITY in investment real estate.
Location Overview Aerial Map Location Map Street Map
We have strategic partner offices in major markets around the country, giving our clients unparalleled access to some of the most proficient investment sales experts in the U.S. We readily cooperate (share fees) with the brokerage community in order to reach a much broader audience than many of our competitors. This fee-sharing practice often allows us to create an auction effect with our properties to maximize the price for our clients.
Confidentiality Notice Information About Brokerage Services
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
Our mission is simple - to maximize value for our clients while building long-term relationships and having fun! Utilizing professional contacts, the national network of KW Commercial, the power of the Internet, Social Media, and the worldwide CCIM Network, we provide the most comprehensive source of real estate investment tools available.
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
INVESTMENT OVERVIEW Dollar General #3782 | Wills Point, TX
PRICE: $457,500
CAP RATE: 8.65%
PROPERTY DETAILS
NOI: $39,600
LEASE OVERVIEW
BUILDING AREA:
8,625 SF
INITIAL LEASE TERM:
10 YEARS
LAND AREA:
0.746 AC
RENT COMMENCEMENT:
05/01/2000
YEAR BUILT:
2000
LEASE EXPIRATION:
04/30/2016
GUARANTOR:
Dollar General Corporate Do Not Convey
MINERALS:
$53.04
PRICE (PSF)
NN
LEASE TYPE:
SCHEDULED RENT INCREASES: OPTIONS & INCREASES:
Two (2), 3-Year; 9.1% $39,600
BASE ANNUAL RENT:
GENERAL EXPENSES AND RESPONSIBILITIES
INSURANCE:
PAID BY
Tenant4
PARKING LOT MAINTENANCE:
PAID BY
Landlord1
PROPERTY TAXES:
PAID BY
Tenant3
NOTES: 1 Tenant pays CAM of $862.50 per year 2 Tenant
responsible for first $750 charge per incident
ROOF & STRUCTURE:
PAID BY
Landlord
HVAC:
PAID BY
Tenant2
3
Tenant Reimburses $9,918.75 in taxes (currently $7,600)
4
Tenant Reimburses $1,293.75 in insurance (currently $1,926)
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
SITE OVERVIEW Dollar General #3782 | Wills Point, TX
DEMOGRAPHICS
1 - MILE
3 - MILE
5 - MILE
POPULATION ESTIMATE
1,328
5,093
6,860
2018 POPULATION ESTIMATE
1,344
5,225
7,029
$38,793
$44,850
$49,072
Traffic Counts
MEDIAN H.H. INCOME
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
TENANT OVERVIEW Dollar General #3782 | Wills Point, TX ABOUT DOLLAR GENERAL
Cal Turner founded J. L. Turner & Son, Inc. in 1939, and opened the first Dollar General store in Scottsville, Kentucky in June 1955. Today, Dollar General Corporation operates as the country’s largest small-box discount retailer with stores in the southern, southwestern, midwestern, and eastern United States. The stores are typically located in local neighborhoods and small communities deemed “too small” for big-box retailers. In 2007 Kohlberg Kravis Roberts & Co. (KKR) acquired Dollar General, privatized the company for restructuring, and took the company public again in 2009. As of March 1, 2013, Dollar General operated 10,557 stores in 40 states. The company ranks 183rd within the Fortune 500 Companies. Fiscal 2012 revenues exceeded $16.02 billion (up 8.21% from 2011) with profits of $952.66 million (up 24.25% from 2010). The company’s current market value is estimated to be $16.58 billion.
everyday needs simpler and hassle-free by offering a carefully edited assortment of the most popular brands at low everyday prices in small, convenient locations. Dollar General ranks among the largest retailers of top-quality brands made by America’s most-trusted manufacturers, such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg’s, General Mills, Nabisco, Hanes, PepsiCo and Coca-Cola.
FAST FACTS • $16.02 billion in sales in fiscal 2012 • 10,000+ stores in 40 states • BBB- S&P Credit Rating • Stock Symbol – DG
Goodlettsville, Tenn.-based Dollar General Corporation is the nation’s largest small-box discount retailer. We make shopping for
• 90,000+ employees
INDUSTRY
The Discount, Variety Stores are divided into two basic segments, big box retailers (Wal-Mart and Costco) and small box retailers (Dollar General, Family Dollar, Dollar Tree, and others). Together they total $605.74 billion in sales for 2012 (Big Box $572B; Small Box $33.45B), and both segments are expecting substantial growth over the coming years. This industry is less affected by recession because these stores become the ideal place to shop during a down economy. Dollar General’s competitive advantage in the Discount Store industry is that they have already established themselves in smaller towns that cannot support multiple stores and have therefore captured those markets. They are the premiere small box discount retailer and lead their sector in number of locations and annual revenue and work diligently to maintain their edge by planning to open an additional 635 stores in 2013.
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
AERIAL PHOTO Dollar General #3782 | Wills Point, TX
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
LOCATION MAP Dollar General #3782 | Wills Point, TX
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
STREET MAP Dollar General #3782 | Wills Point, TX
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
CONFIDENTIALITY AGREEMENT Dollar General #3782 | Wills Point, TX
The information contained in this Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from KW Net Lease Advisors and should not be made available to any other person or entity without the written consent of KW Net Lease Advisors. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, KW Net Lease Advisors has not verified, and will not verify, any of the information contained herein, nor has KW Net Lease Advisors conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree that by accepting this Memorandum you agree to release KW Net Lease Advisors and hold it harmless from any kind of claim, cost, expense or liability arising out of your investigation and/or purchase of this property.
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
INFORMATION ABOUT BROKERAGE SERVICES Dollar General #3782 | Wills Point, TX
B
efore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner's agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer's agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner's agent by entering into an agreement with the owner, usually through a written listing agreement, or by agreeing to act as a subagent by accepting an offer of sub agency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner's agent anything the buyer would not want the owner to know because an owner's agent must disclose to the owner any material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer's agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer's agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer's agent anything the owner would not want the buyer to know because a buyer's agent must disclose to the buyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with the Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or
underlined print, set forth the broker's obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: (1) Shall treat all parties honestly; (2) May not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; (3) May not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) May not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License act or a court order or if the information materially relates to the condition of the property. With the parties' consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under the Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker's obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
Exclusively Marketed By: Branson Blackburn, Director 817.768.6377 | DIRECT [email protected]
A Member of
2525 Ridgmar Blvd. | Suite 240 | Fort Worth, TX 76116 | P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
1501 W South Commerce Street Wills Point, TX 75169
$457,500 | 8.65% CAP Rate Exclusively Marketed By:
• 2 years remaining, NN Lease
Branson Blackburn
• 9.1% increases in Options; 2 (3) year options
817.768.6377 | Direct
• Guarantor – Dollar General Corporate
[email protected]
• Located on Hwy 80 – 10,300 VPD www.ncpgtexas.com
Dollar General #3782 | Wills Point, TX
Exclusively Marketed By:
Table of Contents
Branson Blackburn TX # BDB 0611825
Investment Overview 817.768.6377 | Direct Tenant Overview
[email protected]
KW Net Lease Advisors Noble Crest Property Group Our team of professionals is dedicated to the purchase and sale of investment real estate. We are experts at assessing value and uncovering hidden opportunities. In today's market we continue to see some of the greatest opportunities in NNN assets. We have dedicated divisions that focus exclusively on NNN properties. Our in-depth expertise, constant studying of the market and strategic partnerships with offices around the country make KW Net Lease Advisors THE AUTHORITY in investment real estate.
Location Overview Aerial Map Location Map Street Map
We have strategic partner offices in major markets around the country, giving our clients unparalleled access to some of the most proficient investment sales experts in the U.S. We readily cooperate (share fees) with the brokerage community in order to reach a much broader audience than many of our competitors. This fee-sharing practice often allows us to create an auction effect with our properties to maximize the price for our clients.
Confidentiality Notice Information About Brokerage Services
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
Our mission is simple - to maximize value for our clients while building long-term relationships and having fun! Utilizing professional contacts, the national network of KW Commercial, the power of the Internet, Social Media, and the worldwide CCIM Network, we provide the most comprehensive source of real estate investment tools available.
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
INVESTMENT OVERVIEW Dollar General #3782 | Wills Point, TX
PRICE: $457,500
CAP RATE: 8.65%
PROPERTY DETAILS
NOI: $39,600
LEASE OVERVIEW
BUILDING AREA:
8,625 SF
INITIAL LEASE TERM:
10 YEARS
LAND AREA:
0.746 AC
RENT COMMENCEMENT:
05/01/2000
YEAR BUILT:
2000
LEASE EXPIRATION:
04/30/2016
GUARANTOR:
Dollar General Corporate Do Not Convey
MINERALS:
$53.04
PRICE (PSF)
NN
LEASE TYPE:
SCHEDULED RENT INCREASES: OPTIONS & INCREASES:
Two (2), 3-Year; 9.1% $39,600
BASE ANNUAL RENT:
GENERAL EXPENSES AND RESPONSIBILITIES
INSURANCE:
PAID BY
Tenant4
PARKING LOT MAINTENANCE:
PAID BY
Landlord1
PROPERTY TAXES:
PAID BY
Tenant3
NOTES: 1 Tenant pays CAM of $862.50 per year 2 Tenant
responsible for first $750 charge per incident
ROOF & STRUCTURE:
PAID BY
Landlord
HVAC:
PAID BY
Tenant2
3
Tenant Reimburses $9,918.75 in taxes (currently $7,600)
4
Tenant Reimburses $1,293.75 in insurance (currently $1,926)
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
SITE OVERVIEW Dollar General #3782 | Wills Point, TX
DEMOGRAPHICS
1 - MILE
3 - MILE
5 - MILE
POPULATION ESTIMATE
1,328
5,093
6,860
2018 POPULATION ESTIMATE
1,344
5,225
7,029
$38,793
$44,850
$49,072
Traffic Counts
MEDIAN H.H. INCOME
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
TENANT OVERVIEW Dollar General #3782 | Wills Point, TX ABOUT DOLLAR GENERAL
Cal Turner founded J. L. Turner & Son, Inc. in 1939, and opened the first Dollar General store in Scottsville, Kentucky in June 1955. Today, Dollar General Corporation operates as the country’s largest small-box discount retailer with stores in the southern, southwestern, midwestern, and eastern United States. The stores are typically located in local neighborhoods and small communities deemed “too small” for big-box retailers. In 2007 Kohlberg Kravis Roberts & Co. (KKR) acquired Dollar General, privatized the company for restructuring, and took the company public again in 2009. As of March 1, 2013, Dollar General operated 10,557 stores in 40 states. The company ranks 183rd within the Fortune 500 Companies. Fiscal 2012 revenues exceeded $16.02 billion (up 8.21% from 2011) with profits of $952.66 million (up 24.25% from 2010). The company’s current market value is estimated to be $16.58 billion.
everyday needs simpler and hassle-free by offering a carefully edited assortment of the most popular brands at low everyday prices in small, convenient locations. Dollar General ranks among the largest retailers of top-quality brands made by America’s most-trusted manufacturers, such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg’s, General Mills, Nabisco, Hanes, PepsiCo and Coca-Cola.
FAST FACTS • $16.02 billion in sales in fiscal 2012 • 10,000+ stores in 40 states • BBB- S&P Credit Rating • Stock Symbol – DG
Goodlettsville, Tenn.-based Dollar General Corporation is the nation’s largest small-box discount retailer. We make shopping for
• 90,000+ employees
INDUSTRY
The Discount, Variety Stores are divided into two basic segments, big box retailers (Wal-Mart and Costco) and small box retailers (Dollar General, Family Dollar, Dollar Tree, and others). Together they total $605.74 billion in sales for 2012 (Big Box $572B; Small Box $33.45B), and both segments are expecting substantial growth over the coming years. This industry is less affected by recession because these stores become the ideal place to shop during a down economy. Dollar General’s competitive advantage in the Discount Store industry is that they have already established themselves in smaller towns that cannot support multiple stores and have therefore captured those markets. They are the premiere small box discount retailer and lead their sector in number of locations and annual revenue and work diligently to maintain their edge by planning to open an additional 635 stores in 2013.
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
AERIAL PHOTO Dollar General #3782 | Wills Point, TX
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
LOCATION MAP Dollar General #3782 | Wills Point, TX
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
STREET MAP Dollar General #3782 | Wills Point, TX
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
CONFIDENTIALITY AGREEMENT Dollar General #3782 | Wills Point, TX
The information contained in this Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from KW Net Lease Advisors and should not be made available to any other person or entity without the written consent of KW Net Lease Advisors. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, KW Net Lease Advisors has not verified, and will not verify, any of the information contained herein, nor has KW Net Lease Advisors conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree that by accepting this Memorandum you agree to release KW Net Lease Advisors and hold it harmless from any kind of claim, cost, expense or liability arising out of your investigation and/or purchase of this property.
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
INFORMATION ABOUT BROKERAGE SERVICES Dollar General #3782 | Wills Point, TX
B
efore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner's agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer's agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner's agent by entering into an agreement with the owner, usually through a written listing agreement, or by agreeing to act as a subagent by accepting an offer of sub agency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner's agent anything the buyer would not want the owner to know because an owner's agent must disclose to the owner any material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer's agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer's agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer's agent anything the owner would not want the buyer to know because a buyer's agent must disclose to the buyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with the Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or
underlined print, set forth the broker's obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: (1) Shall treat all parties honestly; (2) May not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; (3) May not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) May not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License act or a court order or if the information materially relates to the condition of the property. With the parties' consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under the Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker's obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.
P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
Exclusively Marketed By: Branson Blackburn, Director 817.768.6377 | DIRECT [email protected]
A Member of
2525 Ridgmar Blvd. | Suite 240 | Fort Worth, TX 76116 | P: 817.200.7620 | F: 817.962.2638 | www.ncpgtexas.com
