dollar general #465 12175 somerset avenue princess anne ...€¦the information contained...
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John E. CampVice President410-957-4005john.camp@oxfordchase.netwww.oxfordchase.net
RETAIL DEVELOPMENT AND MANAGEMENT
The information contained here-within this document is believed to be reliable, although Oxford Chase Development, Inc. makes no warranty or representation of the accuracy of the information. Please
understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
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DOLLAR GENERAL PLUS – Princess Anne, MD.Rent Commencement : July 2018
Term: 15 Years Corporate Guarantee
NNN Lease
Dollar General #46512175 Somerset Avenue
Princess Anne, Maryland 21853
RETAIL DEVELOPMENT AND MANAGEMENT
FEATURES Dollar General Plus – 10,640 sq. ft. New Lease - No Landlord obligation New Construction-Upgraded Exterior University of Maryland Eastern Shore-1/2 Mile Relocation Store Princess Anne is the County Seat
Location: 12175 Somerset Avenue, Princess Anne, Maryland
Rent Commencement: July 2018
Sale Price: $1,975,208
Cap Rate: 6.25%
Initial Term Rents: $123,450.48
Original Term: 15 Years
Options: Five (5) – Five (5) year optional terms10% increase in each optional year
Lease Type: NNN
Building/Lot Size: 10,640 Sq. Ft./1.53 acres
SUMMARY INFORMATION
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John E. CampVice President/Principal410-957-4005john.camp@oxfordchase.netwww.oxfordchase.net
The information contained here-within this document is believed to be reliable, although Oxford Chase Development, Inc. makes no warranty or representation of the accuracy of the information. Please
understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
AERIAL
RETAIL DEVELOPMENT AND MANAGEMENT
The information contained here-within this document is believed to be reliable, although Oxford Chase Development, Inc. makes no warranty or representation of the accuracy of the information. Please
understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
3
John E. CampVice President410-957-4005john.camp@oxfordchase.netwww.oxfordchase.net
RETAIL DEVELOPMENT AND MANAGEMENT
The information contained here-within this document is believed to be reliable, although Oxford Chase Development, Inc. makes no warranty or representation of the accuracy of the information. Please
understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
4
John E. CampVice President410-957-4005john.camp@oxfordchase.netwww.oxfordchase.net
SITE PLAN
RETAIL DEVELOPMENT AND MANAGEMENT
DEMOGRAPHICS
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John E. CampVice President410-957-4005john.camp@oxfordchase.netwww.oxfordchase.net
The location is 12175 Somerset Avenue, Princess Anne,Maryland, Somerset County.
Somerset Avenue is the main street in Princess Anne, Maryland.Princess Anne is an incorporated town and is the county seat andcourthouse for Somerset County. The site is mid-way betweendowntown Princess Anne and UMES Boulevard (the mainentrance to University of Maryland, Eastern Shore-4,540students). The town recently installed sidewalks along both sidesof Somerset Avenue making it more pedestrian friendly.
The location is convenient to the local population, downtown andthe students at UMES. UMES is a resident campus with moststudents in rental apartments along UMES Boulevard.
Princess Anne is the County Seat for Somerset County, Marylandand is a suburb of Salisbury, Maryland. The County’s economicgenerators are farming, commercial fishing and tourism. Thearea is easily accessed by Route 13, the major north and southcorridor routes along the Eastern Shore of Maryland. PrincessAnne is the largest commercial area and the densest populationin Somerset County. The University of Maryland-Eastern Shore isa major economic generator for Princess Anne and SomersetCounty.
The information contained here-within this document is believed to be reliable, although Oxford Chase Development, Inc. makes no warranty or representation of the accuracy of the information. Please
understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
Traffic Count - State Route 675 (Somerset Ave.) - 4,683 ADT
2016 One Mile Three Miles Five Miles
Population 3,770 8,031 13,074
University of Maryland 4,540
Average Income $36,085 $41,105 $45,215
RETAIL DEVELOPMENT AND MANAGEMENT
LEASE ABSTRACT
Guarantor Corporate (NYSE:DG)Credit S & P Baa2Taxes Tenant ReimbursementInsurance Tenant ResponsibilityMaintenance/Cam Tenant ResponsibilityHVAC Tenant ResponsibilityParking Lot Tenant ResponsibilityRoof & Structure Tenant ResponsibilityUtilities Tenant ResponsibilityLease Term 15 Years (Commencing
4th quarter of 2017)Optional Terms 5 - 5 YearIncrease in Options 10%
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John E. CampVice President410-957-4005john.camp@oxfordchase.netwww.oxfordchase.net
The information contained here-within this document is believed to be reliable, although Oxford Chase Development, Inc. makes no warranty or representation of the accuracy of the information. Please
understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
RETAIL DEVELOPMENT AND MANAGEMENT
RENT SCHEDULE
Size Year Annual Rent Rent/Ft.
10,640 sf Initial Term 1-15 $123,450.48 $11.60
First Optional Term 16-20 $135,795.48 $12.76
Second Optional Term 21-25 $149,375.04 $14.04
Third Optional Term 26-30 $164,312.64 $15.44
Fourth Optional Term 31-35 $180,743.88 $16.99
Fifth Optional Term 36-40 $198,818.28 $18.69
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John E. CampVice President410-957-4005john.camp@oxfordchase.netwww.oxfordchase.net
The information contained here-within this document is believed to be reliable, although Oxford Chase Development, Inc. makes no warranty or representation of the accuracy of the information. Please
understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.
Tenant is responsible for all costs associated with the Property to include but not limited to insurance, taxes, property maintenance, repairs and all other costs.
RETAIL DEVELOPMENT AND MANAGEMENT
Tenant Summary
DOLLAR GENERAL DETAILS
Annual Sales $23.5 Billion (FY 2017)Credit Rating Baa2Founded 1939Locations 14,534 (2/2018)Employees 130,000 (+)Distribution Centers 15Symbol NYSE: DG
Corporate Office100 Mission Ridge
Goodlettsville, TN 37072www.dollargeneral.com
Dollar General is the largest discount retailer in theUnited States by number of stores with over 14,000neighborhood stores in 44 states. Dollar Generalhelps shoppers save time and money by offeringquality private and national branded items that arefrequently used and replenished, such as food,snacks, health and beauty aids, cleaning supplies,basic apparel, house wares and seasonal items ateveryday low prices in convenient neighborhoodstores. Dollar General is among the largestretailers of top-quality products made by America’smost trusted manufactures such as Proctor &Gamble, Kimberly Clark, Unilever, Kellogg’s,General Mills, Nabisco, Hanes, PepsiCo and Coca-Cola.
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John E. CampVice President410-957-4005john.camp@oxfordchase.netwww.oxfordchase.net
The information contained here-within this document is believed to be reliable, although Oxford Chase Development, Inc. makes no warranty or representation of the accuracy of the information. Please
understand the property information is subject to change without notice. Buyer must verify all information and assumes all risk for any inaccuracies.