Dollar General metro area new 15-year nnn lease 3500 John Barrow Road, Little Rock, AR 72204 (At the SWC of 35th Street) For more info on this opportunity please contact: RICK SANNER BOB SANNER JOHN ANDREINI CHRIS KOSTANECKI rsanner@capitalpacific.com (415) 274-2709 CA BRE# 01792433 jandreini@capitalpacific.com (415) 274-2715 CA BRE# 01440360 Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. bsanner@capitalpacific.com (415) 274-2717 CA BRE# 00869657 ck@capitalpacific.com (415) 274-2701 CA BRE# 01002010
NNN PROPERTY IN LITTLE ROCK, ARKANSAS Investment Highlights New 15-year primary term lease with five (5), five-year options with a 10% rental increase at the beginning of each option period. Rent will commence on about March 1, 2015. The site is west of downtown Little Rock in a mixed commercial and residential area. s PRICE.... $1,300,000 STARTING RENT....... $84,348 CAP RATE... 6.50% LEASE TYPE... NNN RENTABLE SF... 9,026 LAND AREA... 43,386 SF YEAR COMPLETED... 2015 INVESTMENT GRADE CREDIT Dollar General s credit is BBB- and the company s credit rating has been raised four times since 2009 STRONG TENANT Dollar General has more stores than any other retailer in the U.S. and is the largest dollar store chain In the last four years, the DG stock price is up over 100% LEASE HIGHLIGHTS Fifteen year NNN lease with options DOLLAR GENERAL 2 DOLLAR GENERAL 2
Income & Expense PRICE $1,300,000 Capitalization Rate: 6.50% Total Rentable Area (SF): 9,026 Lot Size (Acres): 0.996 STABILIZED INCOME Per Square Foot Scheduled Rent $9.34 $84,348 Effective Gross Income $9.34 $84,348 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses $0.00 EQUALS NET OPERATING INCOME $84,348 s 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. DOLLAR GENERAL 3
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 Dollar General 9,026 2/1/2015 1/31/2030 $84,348 $7,029 $84,348 $0.78 $9.34 Option1 2/1/2030 1/31/2035 $7,732 $92,782 $0.86 $10.28 Option2 2/1/2035 1/31/2040 $8,505 $102,061 $0.94 $11.31 Option3 2/1/2040 1/31/2045 $9,356 $112,267 $1.04 $12.44 Option4 2/1/2045 1/31/2050 $10,291 $123,493 $1.14 $13.68 Option5 2/1/2050 1/31/2055 $11,320 $135,843 $1.25 $15.05 Totals: 9,026 $84,348 $7,029 $84,348 $0.78 $9.34 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. DOLLAR GENERAL 4
Site Plan Ludwig Street John Barrow Road
Dollar General DOLLAR GENERAL HAS GROWN INTO THE COUNTRY S LARGEST SMALL-BOX DISCOUNT RETAILER. ABOUT DOLLAR GENERAL Dollar General (NYSE: DG) is a chain of more than 10,500 discount stores in 40 states, primarily in the South, East, Midwest, and Southwest. Offering basic household items, such as cleaning supplies, health and beauty aids, as well as some apparel and food, it targets low-, middle-, and fixed-income shoppers. Although it has the word dollar in its name, Dollar General is not solely a dollar store. The company offers goods sold at price points ranging from under a dollar to $60. Some of its higher end items include over-the-counter medications, seasonal products, pet supplies, prepaid cell phones, and automotive supplies. The company has grown into the country s largest small-box discount retailer. Stores are generally located in small towns off the radar of giant discounters. One of Dollar General s main advantages is that it offers prices as low or lower than Walmart but in more convenient locations, within a closer driving distance. COMPANY TYPE: PUBLIC (NYSE: DG) 2013 SALES $16.02 BILLION S&P 500 CREDIT RATING BBB- (OUTLOOK STABLE) Investment Grade 2013 FORTUNE 500 #175 The company ranks 175th on Forbes Fortune 500 list. Fiscal 2013 revenues exceeded $17.5 billion (up 9.23% from 2012) with a net income of $1.02 billion (up 7.60% from 2012), and net worth of $5.4 billion (up 8.43% from 2012.) DOLLAR GENERAL 6
Regional Map Little Rock AR Location DOLLAR GENERAL Little Rock DOLLAR GENERAL 7
Regional Map DOLLAR GENERAL IS JUST 13 MILES FROM ARKANSAS LARGEST COMMERCIAL AIRPORT dollar general 15 Minutes 13 Miles bill and hilary clinton national airport DOLLAR GENERAL 8
Location & Demos LITTLE ROCK, AR Little Rock is the capital of and the largest city in Arkansas. Known as the city where America Comes Together, it is located at the crossroad of Interstate 30 and, the most heavily traveled Interstate in the nation, Interstate 40. Little Rock has seen a steady increase in economic development activities, which is due in large part to an active private sector and the strong leadership of the Little Rock Regional Chamber of Commerce. POPULATION 1-Mile 3-Mile 5-Mile 2010 9,326 54,748 151,468 2013 9,449 55,414 153,242 2018 9,719 56,954 157,313 2013 HOUSEHOLD INCOMES 1-Mile 3-Mile 5-Mile Average $44,208 $51,578 $63,692 Agriculture, aviation, and healthcare are among the top industries in Little Rock, with manufacturing and the service sector growing at a steady rate. The city is also home to the headquarters of many prominent organizations such as Dillard s Department Stores, Windstream Communications, Acxiom, and Stephens, Inc. (one of the largest financial services firms in the country). TOP EMPLOYERS IN LITTLE ROCK Blue Cross and Blue Shield Baptist Health Medical Center Entergy Dassault Falcon Jet Stephens DOLLAR GENERAL 9
A unique HUMAN RESULTS-DRIVEN client experience THE CAPITAL PACIFIC EXPERIENCE - OUR DAILY COMMITMENT TO OUR CLIENTS [ www.capitalpacific.com ] RICK SANNER rsanner@capitalpacific.com (415) 274-2709 CA BRE# 01792433 JOHN ANDREINI jandreini@capitalpacific.com (415) 274-2715 CA BRE# 01440360 BOB SANNER bsanner@capitalpacific.com (415) 274-2717 CA BRE# 00869657 CHRIS KOSTANECKI ck@capitalpacific.com (415) 274-2701 CA BRE# 01002010 Copyright 2014 [Capital Pacific Real Estate Brokerage Company]