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Family Dollar Real Estate For Sale


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Family Dollar property for sale by The Boulder Group

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Family Dollar Real Estate For Sale

  1. 1. FAMILY DOLLAR 437 Captain Gloster Drive, Gloster, MS 39638 NET LEASE INVESTMENT OFFERING Representative Image
  2. 2. TABLE OF CONTENTS I. Executive Profile Executive Summary Investment Highlights Property Overview II. Location Overview Site Plan Map III. Market & Tenant Overview Demographic Report Market Overview Tenant Overview TABLE OF CONTENTS NET LEASE INVESTMENT OFFERING
  3. 3. The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder Group. 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. The Boulder Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has The Boulder Group 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. DISCLAIMER STATEMENT: DISCLAIMER STATEMENT NET LEASE INVESTMENT OFFERING
  4. 4. NET LEASE INVESTMENT OFFERING EXECUTIVE SUMMARY: The Boulder Group is pleased to exclusively market for sale a single tenant net leased Family Dollar property located in Gloster, Mississippi. The property is strategically located along the trade area’s primary thoroughfare. Family Dollar boasts strong reported store sales at this location which they have operated at since 2011. There are over six years remaining on the Family Dollar lease which expires on June 30, 2022. The lease features 10% rental escalations in each of the six 5-year renewal option periods. Family Dollar was recently acquired by Dollar Tree and is a wholly owned subsidiary of Dollar Tree. Dollar Tree is publicly traded on the NASDAQ (DLTR) with a market capitalization in excess of $18.5 billion. The 8,087 square foot building is strategically located on 1.37 acre parcel along the trade area’s primary thoroughfare. The property is accessible from both Captain Gloster Drive and Liberty Road. The Family Dollar property is approximately 50 miles north of Baton Rouge, home of Louisiana State University. EXECUTIVE SUMMARY & INVESTMENT HIGHLIGHTS INVESTMENT HIGHLIGHTS: • Tenant is a subsidiary of a publicly traded company (NASDAQ: DLTR) with market capitalization in excess of $18.5 billion • Strong reported store sales with a low rent-to-sales ratio • Recently constructed building (2011) • 10% rental escalation in each renewal option period • Positioned along the trade area’s primary thoroughfare • Minimal landlord responsibilities
  5. 5. NET LEASE INVESTMENT OFFERING PROPERTY OVERVIEW: PROPERTY OVERVIEW Price: $815,476 Cap Rate: 8.40% Rent Schedule: NOI Escalation Date $68,500 $75,350 7/1/22 (Option 1) $82,885 7/1/27 (Option 2) $91,174 7/1/32 (Option 3) $100,291 7/1/37 (Option 4) $110,320 7/1/42 (Option 5) $121,352 7/1/47 (Option 6) Rent Commencement Date: July 28, 2011 Lease Expiration Date: June 30, 2022 Renewal Options: Six 5-Year Rental Escalations: 10% in Each Option Tenant: Family Dollar Year Built: 2011 Lease Type: NN (Roof, Structure & Parking Lot Replacement) Building Size: 8,098 SF Land Size: 59,587 SF
  8. 8. NET LEASE INVESTMENT OFFERING Population 5-Mile 10-Mile 15-Mile Total Population 2,326 7,088 11,977 Total Households 997 2,913 4,844 Income 5-Mile 10-Mile 15-Mile Average Household Income $35,328 $40,365 $42,254 DEMOGRAPHIC REPORT: DEMOGRAPHIC REPORT & MARKET OVERVIEW Gloster is town in the middle of Amite County, Mississippi. The population was 960 at the 2010 census. It is part of the McComb, Mississippi Micropolitan Statistical Area. Gloster is located 2 miles south of the Homochitto National Forest. Homochitto National Forest is a U.S. National Forest in southwestern Mississippi comprised of 191,839 acres. In 2012, Drax Biomass announced plans to construct a 450,000 metric ton per year wood pellet production facility in Gloster. The facility was expected to create 45 jobs, and would be called Amite BioEnergy. The town of Gloster is served by the Amite County School District. The Pine Hills Christian Academy is a private school that offers K-12 education. MARKET OVERVIEW:
  9. 9. NET LEASE INVESTMENT OFFERING Family Dollar offers a compelling assortment of merchandise for the whole family ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. While shoppers can find many items at $1 or less, most items in the store are priced below $10, which makes shopping fun without stretching the family budget. . The average size of a Family Dollar store is approximately 7,000 square feet, and most stores are operated in leased facilities. This relatively small footprint allows the Company to open new stores in rural areas and small town, as well as in large urban neighborhoods. Within these markets, the stores are located in shopping centers or as free-standing building and all are convenient to the Company’s customer base. Family Dollar was founded in 1959 in Charlotte, North Carolina. Today, there are over 8,100 locations. On July 6, 2015 Family Dollar was purchased by Dollar Tree for a total of $9.1 billion. Dollar Tree CEO Bob Sasser said the Family Dollar acquisition will allow Dollar Tree “to extend our reach to low-income customers, while strengthening and diversifying our footprint.” For the Family Dollar stores, Dollar Tree said that it will keep the chain’s name, and even work to expand both banners. Dollar Tree also said it will maintain Family Dollar’s headquarters. Dollar Tree, Inc. is a publicly traded company (NASDAQ: DLTR) with a market capitalization in excess of $18.5 billion. Dollar Tree employs of 145,000 people and operates over 13,600 locations. Family Dollar Information Website: Number of Family Dollar Stores: 8,100 Parent Company Information Company Website: Stock Symbol: NASDAQ: DLTR Market Capitalization: $18.5 Billion Standard & Poor’s Rating: BB+ Number of Total Stores: 13,600 Year Founded: 1991 Headquarters: Chesapeake, VA TENANT OVERVIEW TENANT OVERVIEW:
  10. 10. 666 Dundee Road, Suite 1801 Northbrook, IL 60062 Randy Blankstein President 847.562.0003 John Feeney Vice President 847.562.9280