net leased

www.bouldergroup.com

NET LEASED INVESTMENT OFFERINGNET LEASED INVESTMENT OFFERINGNET LEASED INVESTMENT OFFERINGNET LEASED INVESTMENT OFFERING

Dollar General (Austin MSA)Dollar General (Austin MSA)Dollar General (Austin MSA)Dollar General (Austin MSA) 8017 Bronco Lane8017 Bronco Lane8017 Bronco Lane8017 Bronco Lane Lago Vista, TX 78645Lago Vista, TX 78645Lago Vista, TX 78645Lago Vista, TX 78645

NET LEASED INVESTMENT OFFERING


1)

2)

3)

4)

5)

6)

7)

8)

9)

10)

Confidentiality & Disclaimer

Executive Summary

Property Overview

Aerial

Site Plan

Map

Tenant Profile

Demographic Comparison Report

Location Overview

Contact Information

TABLE OF CONTENTS

TABLE OF CONTENTSTABLE OF CONTENTSTABLE OF CONTENTSTABLE OF CONTENTS



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.

CONFIDENTIALITY & DISCLAIMER

CONCONCONCONFIDENTIALITY & DISCLAIMERFIDENTIALITY & DISCLAIMERFIDENTIALITY & DISCLAIMERFIDENTIALITY & DISCLAIMER



The Boulder Group is pleased to exclusively market for sale a single tenant Dollar General property located within the

Austin MSA. The property is located in Lago Vista, which is 20 miles northwest of Austin. The 9,014 square foot Dollar

General property was built in 2006 and is located on a 1.52 acre land parcel. The lease features 12% rental escalations in

each of the three option periods. Residents living within one mile of the property achieve average household incomes in

excess of $70,000 annually.

The property is located along Bronco Lane and benefits from its location off Ranch Road, a primary thoroughfare in Lago

Vista. Nearby retailers include CVS, Ace Hardware and Lowe’s Market grocery store. The property is located across the

street from Lago Vista Middle School, Lago Vista High School and the Lago Vista Sports Complex which features a nature

preserve, swimming pool, softball fields and lighted tennis courts. Due to a growing population, Lago Vista received a

$29.6 million bond for a new high school which will be completed in 2014. Lago Vista Middle School will be expanding into

the current high school space to accommodate a larger student body.

Dollar General executed a 10 year lease in 2006 with three 5-year renewal options and the lease expires in July 2016.

There are 12% rental escalations in each of the renewal option periods. Dollar General is a publicly traded company on the

New York Stock Exchange (DG), with a market capitalization of $14 billion. Dollar General is an investment grade rated

company with a Standard & Poor’s rating of BBB-.

• Located within the Austin MSA

• Investment grade company with an S&P rating of BBB-

• Average household income in excess of $70,000 within one mile of the property

• 12% rental escalations in each option period

• Frontage along primary thoroughfare in the area

• Nearby retailers include CVS, Ace Hardware and a Lowe’s Market grocery store

• The population of Travis County has increased 26% since 2000

INVESTMENT HIGHLIGHTS

EXECUTIVE SUMMARY

EXECUTIVE SUMMARYEXECUTIVE SUMMARYEXECUTIVE SUMMARYEXECUTIVE SUMMARY



Price: $832,500

Cap Rate: 8.80%

Rent Schedule: NOI Escalation Date

$ 73,260

$ 82,080 8/1/2016 (Option 1)

$ 91,920 8/1/2021 (Option 2)

$ 102,960 8/1/2026 (Option 3)

splo

Renewal Options: Three 5-Year

Lease Commencement Date: August 1, 2006

Lease Expiration Date: July 31, 2016

Tenant: Dollar General

Credit Rating: BBB- (Standard and Poor’s)

Year Built 2006

Sc sc Lease Type: NN* (Roof, Structure and Parking Lot Replacement)

Rentable Square Feet: 9,014

Land Size: 1.52 Acres

*Landlord responsible for roof, structure, parking lot replacement and any HVAC cost over

$1,000. Additionally tenant pays landlord a monthly fee of $262.90 for cost of care and

maintenance of parking lot for remainder of primary term and fee escalates in each renewal

option period.

PROPERTY OVERVIEW

PRPRPRPROPERTY OVERVIEWOPERTY OVERVIEWOPERTY OVERVIEWOPERTY OVERVIEW



AERIALAERIALAERIALAERIAL

AERIAL



SITE PLANSITE PLANSITE PLANSITE PLAN

SITE PLAN



MAP

MAPMAPMAPMAP



Website: www.dollargeneral.com

Number of Locations: 10,000 +

Stock Symbol: DG : NYSE

Standard & Poor’s Rating: BBB-

Market Capitalization: $14 billion

Employees: 90,000

Dollar 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 stores throughout 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. It also provides seasonal products, prepaid cell phones and accessories, automotive supplies and apparel products. In 2011, Dollar General planned 625 new stores in 35 states as well as the remodeling or relocation of 550 stores. Additionally, Dollar General hired 6,000 employees in 2011.

TENANT PROFILE

TENANT PROFILETENANT PROFILETENANT PROFILETENANT PROFILE



PopulationPopulationPopulationPopulation 5555----mi.mi.mi.mi. 10101010----mimimimi 11115555----mimimimi

Total Population 12,155 155,502 352,193 Total Households 5,126 57,736 137,533

IncomeIncomeIncomeIncome

Median Household Income $60,242 $78,347 $83,963 Average Household Income $80,718 $99,010 $107,614

DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORTDEMOGRAPHIC COMPARISON REPORT

Lago Vista Lago Vista Lago Vista Lago Vista is a city in Travis County, Texas, approximately 20 miles northwest of Austin.

Lago Vista is located on the north shore of Lake Travis along the Colorado River. Lake

Travis spans

biking, camping, hiking, boat rentals, marinas, and prime fishing spots.

located within the Austin MSA. According to the 2010 census Travis County had a

population of 1,024,266, an increase of 400,000 since 1990.

www.co.travis.tx.us

city of Austin and has a student population of over 51,000. The University of Texas helps Austin source a steady flow of employees, which helped Forbes rank Austin as “The Best City for Jobs” in 2012, due to its strong growth in manufacturing, technology-related employment and business services.

www.austintexas.gov

Austin Austin Austin Austin is the capital of Texas and the county seat of Travis County. According to the 2010 U.S. census Austin had a population of 820,000, making it the fourth most populous city in Texas and the 13 most populous city in the United States. Austin is one of the faincrease over the last ten years.

Over the past thirty years Austin has emerged as a center for business and technology. Austin is home to many Fortune 500 companies including Apple, Instruments, 3M and Whole Foods Market. Dell’s worldwide headquarters is also located in Round Rock, a suburb of Austin. Austin is considered to a major center for high tech companies. Apple is currently in progress of a $300 million expin Austin which will create over 3,500 jobs. The University



LOCATION OVERVIEW

LOCATION OVERVIEWLOCATION OVERVIEWLOCATION OVERVIEWLOCATION OVERVIEW

is a city in Travis County, Texas, approximately 20 miles northwest of Austin.

Vista is located on the north shore of Lake Travis along the Colorado River. Lake

Travis spans 18,000 acres and offers a natural environment with beaches, mountain

biking, camping, hiking, boat rentals, marinas, and prime fishing spots.

ocated within the Austin MSA. According to the 2010 census Travis County had a


www.co.travis.tx.us

of Austin and has a student population of over 51,000. The University of Texas helps Austin source a steady flow of employees, which helped Forbes rank Austin as “The Best City for Jobs” in 2012, due to its strong growth

ted employment and business services.

is the capital of Texas and the county seat of Travis County. According to the 2010 U.S. census Austin had a population of 820,000, making it the fourth most populous city in Texas and the 13 most populous city in the United States. Austin is one of the fastest growing cities in the United States evidenced by a 20% population increase over the last ten years.

Over the past thirty years Austin has emerged as a center for business and technology. Austin is home to many Fortune 500 companies including Apple, Instruments, 3M and Whole Foods Market. Dell’s worldwide headquarters is also located in Round Rock, a suburb of Austin. Austin is considered to a major center for high tech companies. Apple is currently in progress of a $300 million expin Austin which will create over 3,500 jobs. The University of Texas is located within the

LOCATION OVERVIEW

is a city in Travis County, Texas, approximately 20 miles northwest of Austin.

Vista is located on the north shore of Lake Travis along the Colorado River. Lake

18,000 acres and offers a natural environment with beaches, mountain

biking, camping, hiking, boat rentals, marinas, and prime fishing spots. Travis County is

ocated within the Austin MSA. According to the 2010 census Travis County had a


of Austin and has a student population of over 51,000. The University of Texas helps Austin source a steady flow of employees, which helped Forbes rank Austin as “The Best City for Jobs” in 2012, due to its strong growth

is the capital of Texas and the county seat of Travis County. According to the 2010 U.S. census Austin had a population of 820,000, making it the fourth most populous city in Texas and the 13 most populous city in the United States. Austin is

stest growing cities in the United States evidenced by a 20% population

Over the past thirty years Austin has emerged as a center for business and technology. Austin is home to many Fortune 500 companies including Apple, Google, IBM, Texas Instruments, 3M and Whole Foods Market. Dell’s worldwide headquarters is also located in Round Rock, a suburb of Austin. Austin is considered to a major center for high tech companies. Apple is currently in progress of a $300 million expansion project

of Texas is located within the



666 Dundee Road Suite 1801 Northbrook, IL 60062

Randy Blankstein President 847.562.0003 [email protected]

Jimmy Goodman Partner 847.562.8500 [email protected]

CONTACT INFORMATION

CONTACT INFORMATIONCONTACT INFORMATIONCONTACT INFORMATIONCONTACT INFORMATION

net leased

Real Estate