offering memorandum trophy dollar general one of a kind...

Offering Memorandum One of A kind ConstructionTrophy Dollar General

SITE RENDERING FOR ACTUAL PROPERTY

Dollar GeneralRichmond, VA

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 Marcus & Millichap and it should not be made available to any other person or entity without the written consent of Marcus & Millichap. 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 Marcus & Millichap.

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. Marcus & Millichap 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, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap 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 MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

Confidentiality Agreement

Exclusively listed by:

OFFICES NATIONWIDE

Richard VincentNational Retail GroupONTARIO OFFICETel: (909) 456-3491Fax: (909) [email protected] Licenses: CA 01930526

Pablo RodriguezNational Retail GroupONTARIO OFFICETel: (909) 456-7032Fax: (909) [email protected] Licenses: CA 01870757

exclusively listed


Dollar General

EXECUTIVE SUMMARYOffering Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2Investment Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3Dollar General Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4Dollar General Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5Dollar General In the News . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6Location Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7Tenant Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

PROPERTY DESCRIPTIONRegional Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Local Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11Aerial Photograph . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12Site Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

COMPETITIVE PROPERTY SETDollar General Comparables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

MARKET OVERVIEWDemographic Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19-20

Table of Contents

summaryE X E C U T I V E S U M M A R Y

EXECUTIVE SUMMARY

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 . Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc . © 2011 Marcus & Millichap ACT ID V0080391

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DOLLAR GENERAL2536 New Market Road, Richmond, VA 23231

OFFERING SUMMARYPrice $1,865,000

Price/SF $204.95

CAP Rate 5.90%

Rentable Square Feet 9,100 Square Feet

Year Built 2014

Lot Size 1.90 Acres

TENANT SUMMARY

Tenant Trade Name Dollar General

Ownership Public

Tenant Corporate Store

Lease Guarantor Corporate Guarantee

Lease Type Absolute Net

Roof and Structure Tenant Responsible

Lease Term 15 Years

Lease Commencement 01/01/2015

Rent Commencement 01/01/2015

Lease Expiration Date 01/01/2030

Term Remaining On 15 Years

Increases Options

Options Five, Five-Year

VITAL DATA

Net Operating Income - Current $110,000

Ownership Fee Simple

Financing First Trust Deed

ANNUALIZED OPERATING DATA

RENT INCREASES ANNUAL RENT MONTHLY

Year One thru 15 $110,000.00 $9,166.67

Option One (2029 thru 2034) $121,000.00 $10,083.33

Option Two (2034 thru 2039) $133,100.00 $11,091.67

Option Three (2039 thru 2044) $146,410.00 $12,200.83

Option Four (2045 thru 2050) $161,051.00 $13,420.92

Option Five (2050 thru 2055) $177,156.00 $14,763.00

Base Rent ($12.09/SF) $110,000

Net Operating Income $110,000

Debt Service $70,047

Debt Coverage Ratio $1.57

Net Cash Flow After Debt Service 5.36%/$39,953

Principal Reduction $17,267

Total Return $7.67%/$57,220


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. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2011 Marcus & Millichap ACT ID V0080391

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EXECUTIVE SUMMARY

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Dollar GeneralEXECUTIVE SUMMARY


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Dollar General

Marcus & Millichap is pleased to exclusively market for sale a Dollar General of approximately 9,100 square feet located in Richmond, Virginia . Dollar General has signed a 15 year absolute net lease with 10 percent rent increases between each of the five, five-year renewal options . The lease is guaranteed by Dollar General Corporation, which is publicly traded on the New York Stock Exchange under the ticker “DG” and has a current “BBB-” credit rating by Standard and Poors . Dollar General is scheduled to be completed in December 2014, wherein the lease and rent will commence on the first of January 2015 . The property will feature one of a kind design elements, modeling “southern style” architecture and exterior .

The surrounding demographics are well suited to discount retailing, with over 1,560 people within a one-mile radius and nearly 30,000 people within a five-mile radius of the property . The average household income is also well above the national average at $79,082 within a one-mile radius of the property . Moreover, the nearest Dollar General to the subject property is an inline location in an aged retail strip center more than five miles north . The surrounding area has shown explosive growth (38 percent) over the past 10 years, as more and more families have moved to “bedroom” type communities a few miles outside of Richmond . This is evidenced by the multitude of schools (Varina Elementary, Ward Elementary, and Mehfoud Elementary) all within a few miles of the subject property . There are also multiple new home communities being developed in close proximity to the property .

The Richmond Metropolitan Statistical Area is a 5,840 square-mile region located in Central Virginia . Richmond is the 45th most populous Metropolitan Statistical Area in the nation (United States Census Bureau for 2012) . The city of Richmond serves as the state capital of Virginia and houses many attractions and landmarks such as the Richmond International Raceway, Richmond International Airport and numerous museums . Local university campuses include the University of Richmond, Virginia Polytechnic Institute and State University (Virginia Tech), Virginia Commonwealth University and Virginia Union University .

Investment Highlights■■ Brand New Build to Suit Location With December 2014 Delivery■■ 15 Year Absolute Triple-Net Corporate Guaranteed Lease■■ 10 Percent Increases in the Five, Five-Year Options■■ Zero Landlord Responsibilities■■ Huge 1 .90 Acre Lot■■ One of a Kind Design and Construction■■ Average Household Income Above $79,000 in a One-Mile Radius

Investment Overview

EXECUTIVE SUMMARY


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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. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2012 Marcus & Millichap ACT ID T0000000

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EXECUTIVE SUMMARY Dollar General

Goodlettsville, Tenn .-based Dollar General Corporation is the nation’s largest small-box discount retailer . The company seeks to make shopping for everyday needs simpler and hassle-free by offering a carefully edited assortment of the most popular brands at low everyday prices in small, convenient locations . Dollar General ranks among the largest retailers of top-quality brands made by America’s most-trusted manufacturers, such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg’s, General Mills, Nabisco, Hanes, PepsiCo and Coca-Cola .

In fiscal 2012, the comapany had $16 .02 billion in sales, 10,700+ stores in 40 states, 10,000 - 12,000 total stock keeping units (SKUs) per store from America’s most-trusted manufacturers, 12 distribution centers, and 90,000+ employees .

Dollar General, is a company that embraces substance and simplicity . Its mission is “Serving Others,” and the company thinks its customers are best served when they “keep it real and keep it simple .”

Dollar General builds and runs convenient-sized stores to deliver everyday low prices on products its customers want, and has successfully done so for many years . Dollar General delivers a smarter, easier shopping solution accessible to more consumers . Its goal is to provide customers a better life and employees opportunity and a great working environment .

Dollar General’s business model stands for convenience, quality brands and low prices . Dollar General’s successful prototype makes shopping a truly hassle-free experience . The compan designs small neighborhood stores with carefully edited merchandise assortments to make shopping simpler . DG doesn’t carry every brand and size, just the most popular ones .

Dollar General saves customers time by staying focused on life’s simple necessities: laundry detergent, toilet paper, soap, shampoo, socks and underwear . . .maybe a gadget or two that some just can’t live without . The average Dollar General customer completes his or her shopping trip in less than 10 minutes .

Source:_http://newscenter .dollargeneral .com/company+facts/

Dollar General Overview

Goodlettsville, Tennessee based Dollar General Corporation is the nation’s largest small-box discount retailer . The company seeks to make shopping for everyday needs simpler and hassle-free by offering a carefully edited assortment of the most popular brands at low everyday prices in small, convenient locations . Dollar General ranks among the largest retailers of top-quality brands made by America’s most trusted manufacturers, such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg’s, General Mills, Nabisco, Hanes, PepsiCo and Coca-Cola .

In the 2012 fiscal year, the company had $16 .02 billion in sales, over 10,700 stores in 40 states, 10,000-12,000 total stock keeping units (SKUs) per store from America’s most trusted manufacturers, 12 distribution centers and more than 90,000 employees .

Dollar General is a company that embraces substance and simplicity. Its mission is “serving others” and the company thinks its customers are best served when they “keep it real and keep it simple”.

Dollar General builds and runs conveniently sized stores to deliver everyday low prices on products consumers need and want, and has successfully done so for many years . Dollar General delivers a smarter, easier shopping solution accessible to more consumers . The company’s goal is to provide customers with a better life, employee opportunity and a great working environment .

Dollar General’s business model stands for convenience, quality brands and low prices . Dollar General’s successful prototype makes shopping a truly hassle-free experience . The company designs small neighbor-hood stores with carefully edited merchandise assortments to make shopping simpler . Dollar General doesn’t carry every brand and size, just the most popular ones .

Source: http://newscenter .dollargeneral .com/company+facts/


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Dollar General


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Company Highlights

Dollar General Corporation

■■ Company Headquarters Located in Goodlettsville, Tennessee

■■ Publically Traded on the New York Stock Exchange Under Ticker Symbol “DG”

■■ Company Founded in 1955 in Springfield, Kentucky

Mission Statement“In Dollar General, you’ll find a company that embraces substance and simplic-ity. Our mission is “Serving Others,” and we think our customers are best served when we keep it real and keep it simple. We build and run convenient-sized stores to deliver everyday low prices on products our customers want. We have suc-cessfully done so for many years. We deliver a smarter, easier shopping solution accessible to more consumers. Our goal is to provide our customers a better life and our employees opportunity and a great working environment.”

“In Dollar General, you’ll find a company that embraces subtance and simplicity . Our mission is “serving others” and we think our customers are best served when we keep it real and keep it simple . We build and run convenient-sized stores to deliver everyday low prices on products our customers want . We have successfully done so for many years . We deliver a smarter, easier shopping solution accessible to more consumers . Our goal is to provide our customers a better life and our employees opportunity and a great working enviornment .”

Headquartered in Goodlettsville, Tennessee

Publically Traded on the New York Stock Exchange Under Ticker Symbol “DG”

Founded in 1955 in Springfield, Kentucky


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Dollar General


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Dollar General Takes Low Price Lead Over Wal-MartBy Marilyn Much, Investors Business Daily - April 25, 2014

Deep discounter Dollar General (DG) is the front-runner in the race to lure consumers with low prices, according to a pricing study by Sterne Agee analyst Charles Grom .

The study compares prices at Dollar General, deep discounter Family Dollar Stores (FDO) and giant discounterWal-Mart Stores (WMT) .

Based on his recent round of price checks, Dollar General is the “new price leader,” Grom notes, with the overall basket priced around 100 basis points lower than Family Dollar and around 60 basis points lower than Wal-Mart .

Grom’s “dollar store” study follows Family Dollar Stores’ recent announcement that it would be investing $50 million in prices across 1,000 stock keeping units, or items, as part of its move back to everyday low pricing .

“While list-price adjustments did finally flow through the Family Dollar basket this time around, the overall basket at DG (Dollar General) fell by a comparable amount, helping DG maintain its price lead,” Grom wrote .

Prices declined at Family Dollar and Dollar General but increased at Wal-Mart .

Relative to Grom’s prior study a month ago, the price of his 42-item basket fell sequentially by 0 .4% at Family Dollar and 0 .3% at Dollar General . The overall basket rose by 0 .5% at Wal-Mart, driven completely by higher prices in food, he found .

Meanwhile, the food and beverage category increased sequentially at all three retailers by about 2 .2%, on average .

“The price gap (for Dollar General) relative to Wal-Mart is centered in the household-product category, where it is priced at a 6 .1% discount,” he wrote . “Importantly, based on our basket, DG is lower than FDO across all three categories . However, we do point out that Wal-Mart maintains a 6 .6% price advantage, on average, in the food and beverage category, compared to the two dollar stores .Source: http://news.investors.com/business/042514-698418-dollar-general-takes-low-price-lead-over-walmart.htm

Dollar General in the News

The Study compares prices at Dollar General, deep discounter Family Dollar Stores (FDO) and giant discounter Walmart Stores (WMT) .

Based on his recent round of price checks, Dollar General is the “new price leader,” Grom notes, with the overall basket priced around 100 basis points lower than Family Dollar and around 60 basis points lower than Walmart .

Grom’s “dollar store” study follows Family Dollar Stores’ recent announcement that it would be invsesting $50 million in prices across 1,000 stock keeping units, or items part of its move back to everday low pricing .

Grom writes, “while list-price adjustments did finally flow through the Family Dollar basket this time around, the overall basket at Dollar General fell by a comparable amount, helping DG maintain its price lead .”

Prices declined at Family Dollar and Dollar General but increased at Walmart .

Relative to Grom’s prior study a month ago, the price of his 42-item basket fell sequentially by 0 .4 percent at Family Dollar and 0 .3 percent at Dollar General . The overall basket rose by 0 .5 percent at Walmart, driven completely by higher prices in food .

Meanwhile, the food and beverage category increased sequentially at all three retailers by about 2 .2 percent on average .

“The price gap for Dollar General relative to Walmart is centered in the household product category, where it is priced at a 6 .1 percent discount,” he wrote . “Importantly, based on our basket, Dollar General is lower than Family Dollar Stores across all three categories . However, we do point out that Walmart maintains a 6 .6 percent price advantage, on average, in the food and beverage category, compared to the two dollar stores .

Deep discounter Dollar General (DG) is the front-runner in the race to lure consumers with low prices, according to a pricing study by Sterne Agee analyst Charles Grom .

EXECUTIVE SUMMARY


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WDollar General

LOCATION OVERVIEW - RICHMOND, VIRGINIA

The Richmond Metropolitan Statistical Area is a 5,840 square-mile region located in Central Virginia . Richmond is the 45th most populous Metropolitan Statistical Area in the nation (United States Census Bureau for 2012) . The city of Richmond serves as the state capital of Virginia and houses many attractions and landmarks such as the Richmond International Raceway, Richmond International Airport and numerous museums . Local university campuses include University of Richmond, Virginia Polytechnic Institute and State University (Virginia Tech), Virginia Commonwealth University and Virginia Union University .

Attractions■■ The Virginia State Capitol is the first public building of neo-classical style in the United States designed by Thomas Jefferson and is

where Virginia’s General Assembly meets .

Local Shops■■ Stony Point Fashion Park, a 662,000 square-feet shopping mall, offers an eclectic merchandise mix and an intimate, park-like setting that is like nothing in the area today . With anchors Saks Fifth Avenue,

Dick’s Sporting Goods, Dillards and up to 90 specialty stores and full-service restaurants, Stony Point Fashion Park will deliver food, fashion, fun and convenience to sophisticated Richmond residents and visitors .

■■ Carytown, a nine-block shopping area, boasts a variety of shops, boutiques, restaurants and food stores . It is also home to the Byrd Theatre, a national historic landmark that still operates as a movie and entertainment theater today .

■■ Capitol Square features several monuments: Jean Antoine Houdon’s life sized statue of George Washington - the only statue in existence for which Washington posed located in the Capitol Rotunda . The statue in Capitol Square depicts Washington on horseback .

■■ Virginia Museum of Fine Arts is a top museum that features 5,000 years of artistic achievement from the glories of ancient Greece and India to contemporary international art .

■■ Museum of the Confederacy holds the world’s most comprehensive collection of military, political and domestic artifacts and art associated with the period of the Confederacy (1861-1865) .

■■ Richmond International Raceway is a state-of-the-art three-quarter mile track that seats more than 100,000 fans . The arena hosts four NASCAR weekends a year and the NASCAR Sprint Cup Series and the Nationwide Series .

descriptionP R O P E R T Y D E S C R I P T I O N

PROPERTY DESCRIPTION

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REGIONAL MAP

Local Map Regional Map

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PROPERTY DESCRIPTIONDollar GeneralRICHMOND, VA

THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED ANAPPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations orwarranties, 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. Marcus & Millichap is a service mark of Marcus &Millichap Real Estate Investment Services of Washington, D.C. © 2014 Marcus & Millichap. All rights reserved.

AREA MAPS


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LOCAL MAP

Local Map Regional Map

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PROPERTY DESCRIPTIONDollar GeneralRICHMOND, VA

THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED ANAPPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations orwarranties, 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. Marcus & Millichap is a service mark of Marcus &Millichap Real Estate Investment Services of Washington, D.C. © 2014 Marcus & Millichap. All rights reserved.

AREA MAPS


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EXECUTIVE SUMMARY

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Dollar GeneralDollar General

209,658 ADT

209,658 ADT

33,000 ADT

E Washington Blvd

Montebello/Commerce Metrolink Track

Varina High School

Pocahontas Pkwy (Toll R

oad) 32,000 ADT

Jefferson Davis Hwy

BELLWOODAPPROX. 8.9 MI

BENSELYAPPROX. 7.2 MI

MONTROSEAPPROX. 7 MI

CHESTERFIELDAPPROX. 14.2 MI

90,0

00 A

DT

51,653 ADT

Mehfound Elementary

Varina Elementary School

PROPERTY DESCRIPTION Dollar General

S. RICHMONDAPPROX. 8.8 MI


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SITE PLAN

competitiveC O M P E T I T I V E P R O P E R T Y S E T

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Dollar General



COMPETITIVE PROPERTY SET

Subject Property (Subject Property) 2536 New Market Road, Richmond, VA 23231

Sales Price: $1,865,000 Price/SF $204.95 Cap Rate: 5.90%Rentable Square Feet: 9,100 SFYear Built: 2014Lot Size: 1.90 Acres

Recent Sales

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Dollar General



COMPETITIVE PROPERTY SET

Dollar General (Subject Property) 2500 Hamilton Rd Columbus, GA 31904

List Price: $1,689,000

Percent Down: 100%

Cap Rate: 6.35%

Price/SF: $185

Gross Leasable Area (GLA): 9,100 SF

Year Built: 2014

1 Dollar General 1377 S Dixie Hwy Deerfield Beach, FL 33441

New 15-Year NNN Lease


Status Listing

Percent Down: 100%

Cap Rate: 6.00%

Price/SF: $267.09


Year Built: 2014

Dollar General 3260 Pleasant Hill RD Kissimmee, FL 34746

New 15-Year NNN lease


Status: Under Contract

Percent Down: 100%

Cap Rate: 6.00%

Price/SF: $273


Year Built: 2014

2

New 15-year triple net lease

New 15-Year triple net lease

Dollar General 1371 South Dixie Highway, Deerfield Beach, FL 33441

Dollar General 3260 Pleasant Hill Road, Kissimmee, FL 34746

RENT COMPARABLESSITE RENDERING FOR ACTUAL PROPERTY

overviewM A R K E T O V E R V I E W

MARKET OVERVIEW

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Demographic Summary

Dollar GeneralRichmond, Virginia

Income 1-Mile 3-Miles 5-Miles$ 0 - $ 14,999 6.1% 6.1% 11.5%$ 15,000 - $24,999 5.9% 6.9% 10.7%$ 25,000 - $34,999 8.6% 9.0% 11.1%$ 35,000 - $49,999 13.2% 12.8% 13.3%$ 50,000 - $74,999 21.5% 23.0% 19.4%$ 75,000 - $99,999 21.0% 18.8% 16.9%$100,000 - $124,999 11.8% 12.0% 8.6%$125,000 - $149,999 4.6% 4.8% 3.8%$150,000 - $200,000 5.4% 4.5% 3.0%$200,000 to $249,999 0.8% 0.9% 0.7%$250,000 + 1.2% 1.4% 1.0%2013 Median HH Income $69,040 $66,732 $54,5272013 Per Capita Income $30,962 $28,584 $25,1292013 Average Household Income $79,082 $78,235 $66,245

Population 1-Mile 3-Miles 5-Miles2000 Population 961 6,240 20,5032010 Population 1,513 8,983 26,2042013 Population 1,559 9,304 27,0102018 Population 1,768 10,380 29,398

Households 1-Mile 3-Miles 5-Miles2000 Households 387 2,307 7,8982010 Households 593 3,283 9,9462013 Households 610 3,396 10,2382018 Households 697 3,816 11,2142013 Average HH Size 2.68 2.67 2.622013 Daytime Population 135 3,447 18,6072000 Median Housing Value $0 $109,297 $107,7552000 Owner Occupied Housing Units 85.62% 84.67% 65.27%2000 Renter Occupied Housing Units 9.06% 10.38% 30.12%2000 Vacant 4.79% 4.70% 4.52%2013 Owner Occupied Housing Units 88.31% 87.70% 67.05%2013 Renter Occupied Housing Units 11.69% 12.30% 32.95%2013 Vacant 2.95% 5.81% 6.08%2018 Owner Occupied Housing Units 88.10% 87.60% 67.70%2018 Renter Occupied Housing Units 11.90% 12.40% 32.30%2018 Vacant 2.73% 6.01% 6.26%

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WDollar General



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Demographic Summary -- 5 Miles

PopulationIn 2013, the population in your selected geography was 27,010 . The population has changed by 31 .73 percent since 2000 . It is estimated that the population in your area will be 29,398 five years from now, which represents a change of 8 .84 percent from the current year . The current population is 47 .9 percent male and 52 .0 percent female . The median age of the population in your area is 37 .7, compare this to the U .S . average which is 37 . The population density in your area is 384 .70 people per square mile .

Households There are currently 10,238 households in your selected geography . The number of households has changed by 29 .63 pecent since 2000 . It is estimated that the number of households in your area will be 11,214 five years from now, which represents a change of 9 .53 percent from the current year . The average household size in your area is 2 .62 persons .

Income In 2013, the median household income for your selected geography is $54,527, compare this to the U .S . average which is currently $53,535 . The median household income for your area has changed by 11 .30 percent since 2000 . It is estimated that the median household income in your area will be $62,445 five years from now, which represents a change of 14 .52 percent from the current year .

The current year per capita income in your area is $25,129, compare this to the U .S . average, which is $28,888 . The current year average household income in your area is $66,245, compare this to the U .S . average which is $75,370

Housing The median housing value in your area was $107,755 in 2000, compare this to the U .S . average of $110,781 for the same year . In 2000, there were 5,398 owner occupied housing units in the area and there were 2,491 renter occupied housing units in the area . The median rent at the time was $499 .

Employment In 2013, there were 18,607 employees in the area, this is also known as the daytime population . The 2000 Census revealed that 57 .1 percent of employees are employed in white-collar occupations in this geography and 42 .8 percent are employed in blue-collar occupations . In 2013, unemployment in this area was 4 .05 percent . In 2000, the median time traveled to work was 23 .3 minutes .

Demographic data © 2010 by Experian/Applied Geographic Solutions.

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