OFFERING MEMORANDUM Dollar Tree

Transcription

1 420 North 27th Street Gadsden, Alabama Actual Photo STREAM Capital Partners, LLC License No.:

2 OFFERING MEMORANDUM 2 TABLE OF CONTENTS Transaction Summary Tenant Overview Survey Aerial Overview City Overview Demographics

3 3 Disclaimer Confidentiality This Offering Memorandum ( Memorandum ) is intended solely for the use of prospective investors in determining whether or not to pursue the possible acquisition of the Retail Property ( the Property ) at 420 N. 27th Street, Gadsden, AL. This Memorandum is of a proprietary and confidential nature. Prospective investors and/or their advisors are expressly forbidden from sharing this information with any individuals or organizations that are not directly connected with the analysis of this investment opportunity. STREAM Capital Partners, LLC ( SCP ) has been retained as the exclusive advisor for this investment opportunity. Any and all inquiries are to be directed to SCP. By accepting this Memorandum, the recipient agrees that it will cause its directors, officers, employees and representatives to use the Memorandum and all of the information contained therein only to evaluate this specific investment opportunity and for no other purpose and shall return this Memorandum together with any copies to SCP upon request. This Memorandum contains confidential material which is non-public information. Receipt of this Memorandum constitutes your acknowledgment that you will maintain the information contained herein in strict confidence. All information contained herein has been provided by the Organization, its affiliates or other sources that SCP deems reliable; however, SCP has not independently verified any of the information, including the financial estimates and projections and selected real estate information, contained herein. This Memorandum includes information about the Organization, including selected financial information, estimates and projections that reflect various assumptions concerning anticipated results, which may or may not prove to be correct and selected real estate information which may or may not prove to be correct. Such projections and estimates may or may not be indicative of future performance, which may be significantly more or less favorable than that as reflected herein. In furnishing this Memorandum, none of the Organization, its affiliates or SCP undertakes any obligation to provide additional information or to correct or update any of the information set forth in the Memorandum. None of the Organization, its affiliates or SCP makes any representation or warranty, expressed or implied, as to the accuracy or completeness of the information contained herein in this Memorandum, or made available in connection with any further investigation of the Organization, and nothing contained herein is, or shall be relied upon as, a promise or representation, whether as to the past or the future. The recipient should rely solely on the representations and warranties made to it by the Organization or its affiliates in any executed definitive agreement. Under no circumstances should the Organization, its affiliates or any of their management, directors, shareholders, employees, customers or vendors be contacted directly.

4 4 Transaction Summary Purchase Price $1,549,620 Cap Rate 6.85% Current Rent $ 106,149 Address: 420 N 27th St, Gadsden, AL Lease Type: NN (Minimal) Lease Term: 10 Years Rent Commencement: January 1, 2016 Rent: $106,149 Options: Three (3) - Five(5) year options Building Size: 9,034 SF Lot Size: 0.80 Acres

5 5 Tenant Summary Headquartered in Chesapeake, VA,,, Inc. (NASDAQ: DLTR) is the largest and most successful single-price-point retailer in North America, operating thousands of stores across 48 contiguous U.S. states and five Canadian provinces, supported by a solid and scalable logistics network. In mid-2015, purchased Family Dollar. Taking into account Family Dollar s million shares outstanding, the deal s total price tag was approximately $9.1 billion. First Quarter Results (Fiscal Qtr 04/30/2016) Consolidated net sales increased 133.6% to $5.09 billion from $2.18 billion in the prior year s first quarter. The increase included $2.70 billion in sales from Family Dollar stores. Gross profit increased 107.6%, to $1.55 billion in the first quarter compared to $748.9 million in the prior year s first quarter. During the quarter, the Company opened 171 stores, expanded or relocated 66 stores, and closed 19 stores.

6 6 Aerial & Survey

7 7 Aerial Overview 24,543 cars/day

8 8 Metropolitan Map Birmingham 59 miles

9 9 Gadsden, Alabama Overview Gadsden is a city in and the county seat of Etowah County in the U.S. state of Alabama. It is located on the Coosa River about 56 miles northeast of Birmingham and 90 miles (140 km) southwest of Chattanooga, Tennessee. It is the primary city of the Gadsden Metropolitan Statistical Area, which has a population of 103,931. Gadsden and Rome, Georgia, are the largest cities in the triangular area defined by the Interstate highways between Atlanta, Birmingham, and Chattanooga. The Gadsden City Board of Education oversees fourteen schools: eight elementary schools, three middle schools, one high school, and two specialty schools, one alternative center and one technical center. A new high school, Gadsden City High School, replaced the three former city high schools via merger. Gadsden is home to Gadsden State Community College, the second largest of the 27 two-year institutions in the Alabama Community College System. Small satellites of Jacksonville State University and the University of Alabama also offer college courses in Gadsden. Gadsden and the communities of Etowah County, ocated at the foot of Lookout Mountain, close to Birmingham, Chattanooga, and Atlanta, is a natural for what a vacation is supposed to be. From majestic Noccalula Falls Park to the Coosa River and Neely Henry Lake, Gadsden draws visitors from all over the state.

10 10 Demographics 1 mile 3 mile 5 mile 10 mile Description Total Total Total Total 2016 Population Estimate 4,482 21,783 45,304 82, Households Estimate 1,819 8,876 18,615 33, Est. Average Household Income $36,409 $37,344 $43,724 $51,594 1 mile 3 mile 5 mile 10 mile Description Total % Total % Total % Total % 2016 Est. Population by Single- Classification Race 4,482 21,783 45,304 82,771 White Alone 3, % 13, % 28, % 62, % Black or African American Alone % 6, % 13, % 15, % Amer. Indian and Alaska Native Alone % % % % Asian Alone % % % % Native Hawaiian and Other Pac. Isl. Alone % % % % Hispanic or Latino % 1, % 2, % 3, %