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FOR FURTHER INFORMATION
Joe Boydoffice 843.973.8283mobile 843.906.7751email [email protected]
125-G Wappoo Creek Drive Charleston, SC 29412
phone (843) 722.9925fax (843) 722.9947web twinriverscap.com
Locator Map .................................................................. 3
High Aerial .....................................................................4
Mid Aerial ......................................................................5
Site Aerial ...................................................................... 6
Site Plan ........................................................................7
Property Information ....................................................8
Tenant & Lease Information ........................................9
Financials .................................................................... 10
About Us ...................................................................... 11
Table of Contents
3706 N. Monroe St.Tallahassee, FL
High Aerial
SITE
STARBUCKS TRUE LOGOS. GENERATED BY CHI NGUYEN (CHISAGITTA)
Pásala bien.
From PDF
30,500 AADT
10,543 AADT
9,439 AADT
39,000 AADT
30,500 AADT
41,500 AADT
Property and LocationHighlightsTALLAHASSEE, FLTallahassee is the capital of Florida, the county seat of Leon County, and the largest city in the Northwest Florida region.
Tallahassee is home to Florida State University, ranked the nation’s forty-third best public university by U.S. News & World Report. It is also home to Florida A&M University, one of the country’s largest historically black universities. Tallahassee Community College is a large community college which serves mainly as a feeder school to both Florida State and Florida A&M. Tallahassee qualifies as a significant college town with a student population exceeding 70,000.
Tallahassee is a center for trade and agriculture in the Big Bend region and Southwest Georgia. As a capital city, Tallahassee is home to the Florida State Capitol, Supreme Court of Florida, Florida Governor’s Mansion, and nearly 30 state agency headquarters. The city is also known for its large number of law firms, lobbying organizations, trade associations and professional associations; including the Florida Bar and the Florida Chamber of Commerce. It is also a recognized regional center for scientific research, and home to the National High Magnetic Field Laboratory.
> 3.61 ACRES> 10,000 SF BUILDING> LEASE TERM: 10 YEARS> HIGH PROFILE LOCATION WITH STRONG VPD (30,500)> ASKING PRICE: $2,000,000> CAP RATE: 5.75%> TALLAHASSEE IS THE STATE CAPITAL> FLORIDA IS A TAX-FREE STATE> NN LEASE> LANDLORD RESPONSIBILITIES: ROOF, PARKING LOT, STRUCTURE> ANTICIPATED COMPLETION DATE: FALL 2017
> DEMOGRAPHICS 1 Mile 3 Mile 5 Mile
Population 6,185 47,416 116,981
Average HHI 59,461 53,212 51,671
Property Information
Tenant & Lease Information
TENANT PROFILE
Tenant: Dollar Tree Stores, Inc.Guarantor: Dollar Tree, Inc.
Dollar Tree, a Fortune 200 Company which acquired Family Dollar in July, 2015, now operates nearly 15,000 stores across 48 states and five Canadian provinces. Stores operate under the brands of Dollar Tree, Dollar Tree Canada, Deals and Family Dollar.
Dollar Tree is the nation’s leading operator of fixed price-point stores, selling everything for $1 or less. Family Dollar is a leading national operator of multi price-point stores providing value-conscious consumers with a selection of competitively priced merchandise in convenient neighborhood stores. The Company intends to retain and to grow both banners going forward and will optimize the combined real estate portfolio.
> Dollar Tree reported $5.64 billion in net sales in their most recent quarter> The combined Dollar Tree and Family Dollar company operates nearly 15,000 stores nationwide, making it the largest dollar-store chain in the U.S. by store count> The combined company has sales of over $19 billion a year
> Family Dollar is a wholly-owned subsidiary of Dollar Tree
NYSE: DLTR
LEASE INFORMATION> Lease term: 10 years
> Three 5-year options increasing at $0.50 psf each option period
Financials
Rent Roll Tenant: Dollar Tree Stores, Inc. Guarantor: Dollar Tree, Inc. NN Lease
Price SummaryPrice $2,000,000
Cap Rate 5.75%
Annual Rent $115,000
TENANT BUILDINGSQ FT LEASE START RENT PER
SQ FTMONTHLY
RENTANNUAL
RENT OPTIONS
Dollar Tree 10,000SF
Fall 2017
Years 1 – 10:$11.50
Years 11 – 15:$12.00
Years 16-20:$12.50
Years 21-25:$13.00
Years 1 – 10: $9,583.33
Years 11 – 15: $10,000
Years 16-20:$10,416.66
Years 21-25:$10,833.33
Years 1 – 10: $115,000
Years 11 – 15: $120,000
Years 16-20:$125,000
Years 21-25:$130,000
Three 5-year options
increasing at $0.50 psf
eachoptionperiod
TRC provides national retailers with a comprehensive solution for growing their business by developing new locations.
TWIN RIVERS CAPITAL, LLC
Twin Rivers Capital, LLC is a privately held real estate investment, development and brokerage company, founded in 2002 and headquartered in Charleston, SC. Focusing on the growth regions of the Southeastern US, TRC provides national retailers with a comprehensive solution for adding new locations. TRC has developed more than 1.2 million SF of real estate with values in excess of 180 million. TRC also handles third party brokerage, including tenant and landlord representation and investment brokerage services in FL, GA, SC, NC, VA, TN and AL.
Build to Suit • JV Programs • Preferred Developer for National RetailersBrokerage • Fee Development Programs
FAMILY DOLLARAUTOZONE
MCDONALD’SVERIZON
WALMARTDOLLAR TREE
DICK’SAT&T
HOBBY LOBBYSTARBUCKS
DUNKIN’ DONUTSEDWARD JONES
YOUR TWIN RIVERS CAPITAL CONTACT
Joe BoydJoe is responsible for all property and asset management and is also involved in property sales.
With over 25 years of experience in proper-ty management, Joe has served as Property Manager for numerous lifestyle centers and super-regional malls, including properties held by Madison Marquette Realty Services, CBL Properties and The Jacobs Group.
Joe received his Bachelor’s Degree from Grove City College and his MBA from Indiana University of Pennsylvania. He received his CSM in 1995, his CMD in 1997 and his SC Realtor’s License in 2008.
OFFICE 843.973.8283MOBILE 843.906.7751EMAIL [email protected] twinriverscap.com
About Us
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