Net Lease Dollar General for sale
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Net Lease Dollar General for sale



Net Lease Dollar General for sale in Coldwater

Net Lease Dollar General for sale in Coldwater



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Net Lease Dollar General for sale Net Lease Dollar General for sale Document Transcript

  • www.bouldergroup.comNET LEASED INVESTMENT OFFERINGNET LEASED INVESTMENT OFFERINGNET LEASED INVESTMENT OFFERINGNET LEASED INVESTMENT OFFERINGDollarDollarDollarDollar GeneralGeneralGeneralGeneral501 S. Central Avenue501 S. Central Avenue501 S. Central Avenue501 S. Central AvenueColdwater, KS 67029Coldwater, KS 67029Coldwater, KS 67029Coldwater, KS 67029
  • NET LEASED INVESTMENT OFFERINGwww.bouldergroup.com1)2)3)4)5)6)7)8)9)Confidentiality & DisclaimerExecutive SummaryProperty OverviewSite PlanMapTenant ProfileDemographic Comparison ReportLocation OverviewContact InformationTABLE OF CONTENTSTABLE OF CONTENTSTABLE OF CONTENTSTABLE OF CONTENTSTABLE OF CONTENTS
  • NET LEASED INVESTMENT OFFERINGwww.bouldergroup.comThe information contained in the following Offering Memorandum is proprietary and strictly confidential. It isintended to be reviewed only by the party receiving it from The Boulder Group and should not be made available toany other person or entity without the written consent of The Boulder Group. This Offering Memorandum has beenprepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminarylevel of interest in the subject property. The information contained herein is not a substitute for a thorough duediligence investigation. The Boulder Group has not made any investigation, and makes no warranty orrepresentation. The information contained in this Offering Memorandum has been obtained from sources webelieve to be reliable; however, The Boulder Group has not verified, and will not verify, any of the informationcontained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes nowarranty or representation whatsoever regarding the accuracy or completeness of the information provided. Allpotential buyers must take appropriate measures to verify all of the information set forth herein.CONFIDENTIALITY & DISCLAIMERCONFIDENTIALITY & DISCLAIMERCONFIDENTIALITY & DISCLAIMERCONFIDENTIALITY & DISCLAIMERCONFIDENTIALITY & DISCLAIMER
  • NET LEASED INVESTMENT OFFERINGwww.bouldergroup.comThe Boulder Group is pleased to exclusively market for sale a single tenant Dollar General property located in Coldwater,Kansas. The property is located at the intersection of S. Central Avenue (U.S. Route 183) and East 4th Avenue. The 9,014square foot Dollar General property was built in 2010 and is located on an acre of land. The lease features 10% rentalescalations in each of the three renewal option periods.The Dollar General is positioned along the primary thoroughfare on a hard corner. The property benefits from its closeproximity Lake Coldwater. Lake Coldwater is the only city, county, or state lake in southwest Kansas that permits water-related sports. The lake is a 250 acre man-made lake in a 930 acre park within the Coldwater City limits which drawsvisitors from a large area of Kansas and Oklahoma. Additionally, Coldwater City Park is located two blocks north of theproperty. The property is also in close proximity to Chief Theater (local movie theater) and Comanche County Hospital.Dollar General executed a 10 year lease in 2010 with three 5-year renewal options and the lease expires in March 2020.There are 10% rental escalations in each of the renewal option periods. Dollar General is a publicly traded company on theNew York Stock Exchange (DG), with a market capitalization of $16 billion. Dollar General is an investment grade ratedcompany with a Standard & Poor’s rating of BBB-.• Investment grade company with an S&P rating of BBB-• Located along the primary thoroughfare• 10% rental escalations in each renewal option period• Close proximity to Lake Coldwater which draws visitors fromboth Kansas and Oklahoma• Two blocks from Coldwater City Park, largest park in Coldwater• Limited competition in the area• Low rent per square footINVESTMENT HIGHLIGHTSEXECUTIVE SUMMARYEXECUTIVE SUMMARYEXECUTIVE SUMMARYEXECUTIVE SUMMARYEXECUTIVE SUMMARY
  • NET LEASED INVESTMENT OFFERINGwww.bouldergroup.comPrice: $723,388Cap Rate: 8.50%Rent Schedule: NOI Escalation Date$ 61,488$ 67,632 4/1/2020 (Option 1)$ 74,388 4/1/2025 (Option 2)$ 81,816 4/1/2030 (Option 3)Renewal Options: Three 5-YearLease Commencement Date: March 14, 2010Lease Expiration Date: March 31, 2020Tenant: Dollar GeneralCredit Rating: BBB- (Standard and Poor’s)Year Built: 2009Lease Type: NN1 (Roof, Structure and Parking Lot Replacement)Rentable Square Feet: 9,014Land Size: 1 Acre(1) Additionally tenant pays landlord a monthly fee of $300 for cost of care and maintenance ofparking lot.PROPERTY OVERVIEWPROPERTY OVERVIEWPROPERTY OVERVIEWPROPERTY OVERVIEWPROPERTY OVERVIEW
  • NET LEASED INVESTMENT OFFERINGwww.bouldergroup.comWebsite: www.dollargeneral.comNumber of Locations: 10,000 +Stock Symbol: DG : NYSEStandard & Poor’s Rating: BBB-Market Capitalization: $16 billionEmployees: 90,000Dollar General Corporation operates as a discount retailer of general merchandise in the southern, southwestern,Midwestern, and eastern United States. As of March 2012, Dollar General operated approximately 10,000 storesthroughout 40 states. Dollar General offers consumables, home cleaning supplies, packaged food and perishables,beverages and snacks, over-the-counter medicines, personal care products and pet supplies and pet food products. Italso provides seasonal products, prepaid cell phones and accessories, automotive supplies and apparel products. In 2013,Dollar General planned 635 new stores and remodel or relocate an additional 550 stores. Additionally, net salesincreased 8.2% in 2012 from 2011.TENANT PROFILETENANT PROFILETENANT PROFILETENANT PROFILETENANT PROFILE
  • NET LEASED INVESTMENT OFFERINGwww.bouldergroup.comPopulationPopulationPopulationPopulation 3333----mi.mi.mi.mi. 5555----mimimimi 11115555----mimimimiTotal Population 912 947 1,932Total Households 419 436 847IncomeIncomeIncomeIncomeMedian Household Income $28,986 $29,507 $34,113Average Household Income $42,242 $42,591 $45,634DEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORT
  • NET LEASED INVESTMENT OFFERINGwww.bouldergroup.comLOCATION OVERVIEWLOCATION OVERVIEWLOCATION OVERVIEWLOCATION OVERVIEWLOCATION OVERVIEWColdwaterColdwaterColdwaterColdwater is the most populous city and county seat of Comanche County, Kansas. Atthe time of the 2010 U.S. Comanche County had a population of 1,891. Coldwater iswell known for being the home to Lake Coldwater and other parks and recreationareas. Lake Coldwater is the only city, county, or state lake in southwest Kansas thatpermits water-related sports. The lake is a 250 acre man-made lake in a 930 acrepark within the Coldwater City limits and draws visitors from a large area of Kansasand Oklahoma. Additionally, the city is also home to the Comanche County HistoricalMuseum, Chief Theater and the Comanche County Courthouse. The Chief Theaterand Comanche County Courthouse are recognized as a national register of historicplaces in the state of Kansas.
  • NET LEASED INVESTMENT OFFERINGwww.bouldergroup.com666 Dundee Road Suite 1801Northbrook, IL 60062Randy BlanksteinPresident847.562.0003rblank@bouldergroup.comJimmy GoodmanPartner847.562.8500jimmy@bouldergroup.comCONTACT INFORMATIONCONTACT INFORMATIONCONTACT INFORMATIONCONTACT INFORMATIONCONTACT INFORMATION