dollar general - big sandy, tx

BIG SANDY, TX

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DOLLAR GENERAL

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

PRICING & FINANCIAL ANALYSIS

Offering Summary

Price $695,600

Cap Rate 8.35%

Net Operating Income (NOI) $58,080

Year Built 2005

Gross Leasable Area (GLA) 9,014 SF

Lot Size 1.11 Acres

LeaSe Summary

Lease Term 10 Years

Lease Commencement 9/01/2005

Lease Expiration 8/31/2020

Remaining Term 5+ Years

Lease Type NN

Roof & Structure Landlord

Increases 10% Every 5 Years

Options 3 x 5

Options to Purchase None

AnnuAlized OperAting dAtA

Years Commencement Annual Rent Increase

Years 1-10 9/01/2005 $52,800 -

Option 1: 11-15 9/01/2015 $58,080 10.00%

Option 2: 16-20 9/01/2020 $63,888 10.00%

Option 3: 21-25 9/01/2025 $70,277 10.00%

net OperAting incOme $58,080

Dollar General611 West Broadway StreetBig Sandy, TX 75755

Representative Photo

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DOLLAR GENERAL


TENANT & LEASE INFORMATION

TenanT Summary

Tenant Name Dollar General

Ownership Public

Ticker Symbol DG

Exchange NYSE

Market Cap 20.0 Billion

Sales Volume 19.7 Billion

Number of Locations 12,198+

Years In Business 76 Years

Headquarters Goodlettsville, TN

Website www.dollargeneral.com

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. Dollar General’s successful prototype makes shopping a truly hassle-free experience, by designing small neighborhood stores that offer the most popular brands. In recent years, the chain has started constructing more stand-alone stores, typically in areas not served by another general-merchandise retailer. Dollar General offers both name brand and generic merchandise in the same store, often on the same shelf. Although it has the word “dollar” in the name, Dollar General is not a dollar store. Most of its products are priced at more than $1.00. It competes in the dollar store format with national chains Family Dollar and Dollar Tree, regional chains such as Fred’s in the southeast, and numerous independently owned stores.

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DOLLAR GENERAL


INVESTMENT HIGHLIGHTS

• Proven Location – Tenant Recently Extended Lease With the Scheduled Rental Increase

• Strategically Located Outside Smith County (a Dry County) – This Location Sells Beer & Wine

• Rent is Significantly Below New Dollar General Comparables – Increases Probability Tenant Will Continue Operations at Site

• Tenant Recently Showed Commitment to Site by Installing Additional HVAC Units – This Will Allow Tenant to Add Additional Refrigeration and Freezer Units

• Strong Store Sales – Well Above National Average

• Strong Corporate Guaranty - $19 Billion Market Cap Company With Over 11,700 Locations

• Minimal Landlord Responsibility - NN Lease

• 2005 Construction with Concrete Parking Lot

• Located at the Crossroads of East Texas & The Intersection of Hwy 80 & Hwy 155 – Less Than 40 Miles From the Tyler/Longview MSA

• Minimal Competition in the Immediate Area



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LOCAL MAP

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REGIONAL MAP

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DOLLAR GENERAL


MARKET SUMMARY

DALLAS, TX

Dallas encompasses half of the Dallas/Fort Worth Metroplex and is the third-largest city in Texas and the ninth-largest city in the United States. Dallas is home to the third-largest concentration of Fortune 500 companies in the country and is the largest economic center of the Dallas/Fort Worth metropolitan area. The Metroplex has strong submarket occupancy rates, is home to more shopping centers per capita and has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States.

The city is the largest economic center of the 12-county Dallas–Fort Worth–Arlington metropolitan area, which had a population of 6,810,913 people as of July 1, 2013. The metropolitan economy is the sixth largest in the United States, with a 2012 real GDP of $420.34 billion. In 2013 the metropolitan area led the nation with the largest year-over-year increase in employment, and advanced to become the fourth-largest employment center in the nation (behind New York City, Los Angeles, and Chicago) with more than three million non-farm jobs.

In the latest rankings released in 2013, Dallas was rated as a “beta plus” world city by the Globalization and World Cities Study Group & Network. Dallas is also ranked 14th in world rankings of GDP by the Organization for Economic Co-operation and Development. The Dallas-Fort Worth Metroplex has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. The city of Dallas has 12 Fortune 500 companies, and the DFW region as a whole has 20.

Southlake is an affluent suburban city located inside majority of Tarrant County with a minor portion inside Denton County. It is located within the Dallas-Fort Worth metropolitan area. Southlake is known for public schools, Southlake Town Square, its wealth and Carroll High School’s 8-time state champion football team. In December 2008, Forbes.com named Southlake the most affluent neighborhood in the United States based on average median household income estimates.

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DEMOGRAPHIC SUMMARY

Geography: 10 Miles

Demographic data © 2010 by Experian/Applied Geographic Solutions.

PoPulationIn 2014, the population in your selected geography is 4,461. The population has changed by 13.39% since 2000. It is estimated that the population in your area will be 4,566 five years from now, which represents a change of 2.35% from the current year. The current population is 49.46% male and 50.53% female. The median age of the population in your area is 35.2, compare this to the Entire US average which is 37.3. The population density in your area is 56.81 people per square mile.

HouseHolds There are currently 1,567 households in your selected geography. The number of households has changed by 10.67% since 2000. It is estimated that the number of households in your area will be 1,620 five years from now, which represents a change of 3.36% from the current year. The average household size in your area is 2.52 persons.

income In 2014, the median household income for your selected geography is $41,894, compare this to the Entire US average which is currently $51,972. The median household income for your area has changed by 36.97% since 2000. It is estimated that the median household income in your area will be $48,886 five years from now, which represents a change of 16.68% from the current year. The current year per capita income in your area is $20,700, compare this to the Entire US average, which is $28,599. The current year average household income in your area is $55,575, compare this to the Entire US average which is $74,533.

Race and etHnicity The current year racial makeup of your selected area is as follows: 77.29% White, 17.32% Black, 0.01% Native American and 0.37% Asian/Pacific Islander. Compare these to Entire US averages which are: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 5.47% of the current year population in your selected area. Compare this to the Entire US average of 17.13%.

Housing In 2000, there were 1,064 owner occupied housing units in your area and there were 351 renter occupied housing units in your area. The median rent at the time was $355.

emPloyment In 2014, there are 1,012 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 51.54% of employees are employed in whitecollar occupations in this geography, and 47.88% are employed in blue-collar occupations. In 2014, unemployment in this area is 12.23%. In 2000, the average time traveled to work was 26.1 minutes.

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DEMOGRAPHIC STATISTICS

Traffic cOunTS

8,400

incOme 1 mile 3 mileS 5 mileS

$ 0 - $14,999 15.9% 15.0% 13.8%

$ 15,000 - $24,999 17.7% 14.8% 13.7%

$ 25,000 - $34,999 12.2% 13.3% 14.0%

$ 35,000 - $49,999 22.3% 18.9% 18.0%

$ 50,000 - $74,999 16.9% 19.6% 20.0%

$ 75,000 - $99,999 6.4% 7.3% 8.8%

$100,000 - $124,999 4.3% 6.1% 6.2%

$125,000 - $149,999 1.7% 2.0% 2.3%

150,000 - $199,999 0.3% 0.9% 1.4%

$200,000 - $249,999 1.0% 0.8% 0.6%

$250,000+ 1.3% 1.3% 1.3%

2014 Median Household Income $37,510 $39,919 $41,895

2014 Per Capita Income $20,389 $21,364 $20,700

2014 Average Household Income $49,129 $53,593 $55,576

POPulaTiOn 1 mile 3 mileS 5 mileS

2000 Population 963 1,808 3,935

2010 Population 1,075 2,041 4,382

2014 Population 1,120 2,099 4,462

2019 Population 1,146 2,149 4,567

HOuSeHOldS 1 mile 3 mileS 5 mileS

2000 Households 380 704 1,417

2010 Households 441 793 1,534

2014 Households 461 818 1,568

2019 Households 478 847 1,621

2014 Average Household Size 2.46 2.50 2.52

Daytime Population 409 612 1,012

2000 Owner Occupied Housing Units 59.10% 63.20% 65.03%

2000 Renter Occupied Housing Units 29.50% 24.27% 21.50%

2000 Vacant 11.41% 12.53% 13.47%



2014 Vacant 10.41% 9.57% 10.91%



2019 Vacant 10.28% 9.17% 10.57%

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 Vitorino Group and it should not be made available to any other person or entity without the written consent of Vitorino Group. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Vitorino Group.

This offering memorandum has been prepared to provide summary, unverified financial and physical 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. Vitorino Group has not made any 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, PCBs or asbestos, the compliance with local, 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, Vitorino Group has not verified, and will not verify, any of the information contained herein, nor has Vitorino 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. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE VITORINO GROUP AGENT FOR MORE DETAILS.

CONFIDENTIALITY AGREEMENT

Vitorino Group 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, the Vitorino Group has not and will not verify any of this information, nor has the Vitorino Group conducted any investigation regarding these matters. The Vitorino Group 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. The Vitorino Group 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 property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial 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-constructed 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 The Vitorino Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Net Lease Disclaimer

exclusively listed

469.844.8880 | VITORINOGROUP.COM

dollar general - big sandy, tx

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