Family Dollar rare nv family dollar

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1 Family Dollar rare nv family dollar [ Under Construction ] corporate family dollar in income tax-free state lake tahoe msa 1499 Albite Road, Wellington NV Click for Map [ ]

2 investment highlights BRAND NEW FREESTANDING FAMILY DOLLAR with a new 10-year lease, CURRENTLY UNDER CONSTRUCTION IN WELLINGTON, NV. PRICE: $1,227,718 CAP: 7.10% Rentable SF...8,320 SF Price per SF...$147 Current Rent.... $11/SF The subject property is prominently situated on NV-208, which is only 3 miles from US Route 395 and serves Gardnerville, Minden, Carson City, and Reno, and connects California in both directions. Nevada is one of seven states without income tax. 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. Buyer must verify the information and bears all risk for any inaccuracies. Listing Team Contact Info Nevada residents and licensees please contact NV licensed listing broker: dave lucas dlucas@capitalpacific.com (415) NV RED # Non-Nevada residents and licensees please contact: Zandy Smith zsmith@capitalpacific.com (415) NV COOP AUTH CA BRE# [ REPRESENTATIVE PHOTOs ] Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team. Family Dollar 2

3 core characteristics RARE NEVAdA LOCATION - LAKE TAHOE This offering presents the rare opportunity to own a corporate Family Dollar in Nevada within 50 miles of South Lake Tahoe. Lake Tahoe, the largest Alpine Lake in North America, is a huge tourism hub and home to the ski resort, Heavenly Mountain. The area features winter sports, summer outdoor recreation, and scenery enjoyed throughout the year. The Nevada side of South Lake Tahoe offers large casinos, with highways providing year-round access to the entire area. Additionally, the subject property is located just 20 miles from Gardnerville and Minden, NV. topaz lake - california border The subject property is located 5 miles from the popular tourist destination, Topaz Lake (easily reachable by U.S. Route 395) and the California State line. Topaz Lake is known as an excellent spot for boaters, water-skiers, campers, and fishermen. Fishing season runs from January 1 to September 30, and the lake is stocked with trout by the Nevada Department of Wildlife and the California Department of Fish and Wildlife. On the northwest shore of the lake is the Topaz Lodge and a residential area. limited competition The nearest Family Dollar is 25 miles away in Yerington, NV. The subject property will serve as a needed retail store supplying household items to the surrounding residents and tourists. LEASE INFORMATION 10-year primary lease term with 10% rental increases every five years in the four 5-year options. NN Lease Landlord is responsible for the roof and structure. Store will open for business and rent will commence approximately August 1st, brand new construction with corporate 10-year lease 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. Buyer must verify the information and bears all risk for any inaccuracies. Family Dollar 3

4 aerial subject property is just one hour from the popular tourist destination, south lake tahoe lake tahoe south lake tahoe gardnerville 1 hr 41 MILES nevada / california border 24 min 21 MILES topaz lake 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. Buyer must verify the information and bears all risk for any inaccuracies. Family Dollar 4

5 income & expense PRICE $1,227,718 Price Per Square Foot: $ Capitalization Rate: 7.10% Total Rentable Area (SF): 8,320 Lot Size (AC): 1.27 STABILIZED INCOME Per Square Foot Scheduled Rent $10.58 $88,000 Effective Gross Income $10.58 $88,000 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Roof & Structure Reserve ($.10) ($832.00) Total Operating Expenses ($832.00) EQUALS NET OPERATING INCOME $87,168 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. Buyer must verify the information and bears all risk for any inaccuracies. Family Dollar 5

6 rent roll TENANT INFO LEASE TERMS RENT SUMMARY Tenant Name Sq. Ft. Term Current Rent Monthly Rent Yearly Rent Monthly Rent/FT Yearly Rent/FT Family Dollar 8,320 08/01/17 07/31/27 $88,000 $7,333 $88,000 $0.88 $10.58 Option 1 08/01/27 07/31/32 $8,067 $96,800 $0.97 $11.63 Option 2 08/01/32 07/31/37 $8,873 $106,480 $1.07 $12.80 Option 3 08/01/37 07/31/42 $9,761 $117,128 $1.17 $14.08 Option 4 08/01/42 07/31/47 $10,737 $128,840 $1.29 $15.49 Option 5 08/01/47 07/31/52 $11,810 $141,724 $1.42 $17.03 Option 6 08/01/52 07/31/57 $12,991 $155,897 $1.56 $18.74 Totals: 8,320 $88,000 $7,333 $88,000 $0.88 $10.58 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. Buyer must verify the information and bears all risk for any inaccuracies. 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. Buyer must verify the information and bears all risk for any inaccuracies. Family Dollar 6

7 site plan Site Plan Key Parcel outline: Carter Drive Land Area: Building Area: Ingress/Egress: 1.27 AC 8,320 sf Albite Road MONUMENT SIGN 208 Highway 208 This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies. Family Dollar 7

8 tenant overview [ REPRESENTATIVE PHOTOs ] NUMBER OF EMPLOYEES 50, SALES $19 Billion NUMBER OF LOCATIONS 8,100 About family dollar With over 8,100 stores in 46 states and the District of Columbia, Family Dollar is the nation s second largest dollar store. The company also operates nine distribution centers that are each over 900,000 SF. Family Dollar targets women shopping for a family earning less than $40,000 a year. Consumables (food, health, beauty aids, and household items) account for about two-thirds of sales. Family Dollar also sells apparel, shoes, and linens. Family Dollar stores are low-format and are located in low and middle-income rural and urban areas. Most goods and groceries (national brands, Family Dollar private labels, and unbranded items) are sold at a variety of discounted prices, the majority of which are under $10. For fiscal 2016, net sales were $19 billion and net income was $565 million. In July, 2015, Family Dollar was acquired by, Dollar Tree, Inc. The acquisition price for Family Dollar was $9 billion in cash and Dollar Tree stock. The combined Dollar Tree-Family Dollar entity is now the largest discounter in North America with over 13,000 stores in 48 states and Canada with annual sales over $19 billion. Both brands will continue to operate separately. 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. Buyer must verify the information and bears all risk for any inaccuracies. Family Dollar 8

9 demographics & maps family dollar location About wellington, nv Wellington is an unincorporated town in southwestern Lyon County, Nevada. It lies along State Route 208, southwest of Yerington, the seat of Lyon County. Wellington serves as the source of retail and services for the Smith Valley area. Population 3-Mile 5-Mile 10-Mile ,707 2,032 3, ,673 1,996 3, ,674 2,000 3,599 regional map reno 2017 Household incomes 3-Mile 5-Mile 10-Mile Average $53,657 $53,992 $56,891 Median $41,760 $42,036 $43,036 1 hr 32 min 80 MILES carson city Top Employers in lyon county Lyon County School District Amazon.com NVDC Inc. Lyon County MSC Industrial Supply Co. Walmart Supercenter tahoe city 2 hr 83 MILES south lake tahoe gardnerville 1 hr 41 MILES 1 hr 46 MILES 24 min 21 MILES 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. Buyer must verify the information and bears all risk for any inaccuracies. wellington Family Dollar 9

10 A unique HUMAN RESULTS-DRIVEN client experience The capital pacific experience - our daily commitment to our clients [ ] Nevada residents and licensees please contact NV licensed listing broker: dave lucas dlucas@capitalpacific.com (415) NV RED # Non-Nevada residents and licensees please contact: Zandy Smith zsmith@capitalpacific.com (415) NV COOP AUTH CA BRE# Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team. chris kostanecki chris peters Rick Sanner jack navarra zeb ripple john andreini joe caccamo aaron susman [ Copyright 2017 Capital Pacific ]