SAINT LIBORY, IL DOLLAR GENERAL 3990 STATE ROUTE 4 SAINT LIBORY, IL 62282 Presented by Will Holman Managing Director 636.628.2111 Drew Goellner Associate Advisor 636.628.2111 x2108 Shari Nevels - Illinois Broker of Record License # - 471017462 SAINT LIBORY, IL DOLLAR GENERAL 3990 STATE ROUTE 4, SAINT LIBORY, IL 62282 OFFERING MEMORANDUM
Property Summary OFFERING SUMMARY Sale Price: $1,020,824 Cap Rate: 6.8% NOI: $69,416 Year Built: 2017 Building Size: 7,489 SF PROPERTY OVERVIEW SVN Holman Norden is pleased to present a 100% fee simple interest in a Dollar General property located at 3990 State Route 4, Saint Libory, IL 62282. The store is strategically placed at the corner of State Routes 4 & 15 carrying commuters, farmers, and agricultural trades to the town daily. State Route 15 runs east to west connecting cities and towns between Belleville and Mt. Vernon, IL. Along with the steady traffic of over 3000 cars daily in front of the store, Dollar General supports a large service area of over 5 miles. The subject property is a 7489 SF building leased to Dollar General as a long-term National Credit Tenant. Built-to-suit in 2017, Dollar General signed an initial lease that stands through September 30, 2032. Included with the lease is five 5 year renewal options with 10% rent bumps at each option. This property has incredible positioning and is a great fit for Dollar General. PROPERTY HIGHLIGHTS Absolute Triple Net Lease - No Landlord Responsibilities Five (5) Year Renewal Options 10% Base Rent Increases at Each Option 14 Years Remaining Custom Built for Dollar General in 2018 SAINT LIBORY, IL DOLLAR GENERAL 3990 STATE ROUTE 4, SAINT LIBORY, IL 62282 SVN Holman Norden Page 2
Property Description PROPERTY OVERVIEW SVN Holman Norden is pleased to present a 100% fee simple interest in a Dollar General property located at 3990 State Route 4, Saint Libory, IL 62282. The store is strategically placed at the corner of State Routes 4 & 15 carrying commuters, farmers, and agricultural trades to the town daily. State Route 15 runs east to west connecting cities and towns between Belleville and Mt. Vernon, IL. Along with the steady traffic of over 3000 cars daily in front of the store, Dollar General supports a large service area of over 5 miles. The subject property is a 7489 SF building leased to Dollar General as a long-term National Credit Tenant. Built-to-suit in 2017, Dollar General signed an initial lease that stands through September 30, 2032. Included with the lease is five 5 year renewal options with 10% rent bumps at each option. This property has incredible positioning and is a great fit for Dollar General. LOCATION OVERVIEW Saint Libory is a vibrant town located in St. Clair county, Illinois. The city supports the beef, pork, wheat, corn, and soybean agricultural trades as a farming hub and bedroom community. Wenneman Meat Company, residing in the center of town, offers a popular destination for food enthusiasts who frequent the company s locally raised and all natural meat market which was featured on Feast TV. State Routes 4 & 15 run through Saint Libory carrying traffic east to west, and south throughout the region. All of these attributes combine to make this a strong corner location for Dollar General. SAINT LIBORY, IL DOLLAR GENERAL 3990 STATE ROUTE 4, SAINT LIBORY, IL 62282 SVN Holman Norden Page 3
Financial Summary INVESTMENT OVERVIEW 30% DOWN AT 4.95 RATE FOR 25 YEARS Price $1,020,824 CAP Rate 6.8% Cash-on-Cash Return (yr 1) 6.38 % Total Return (yr 1) $34,378 Debt Coverage Ratio 1.39 OPERATING DATA 30% DOWN AT 4.95 RATE FOR 25 YEARS Total Scheduled Income $69,416 Operating Expenses $0 Net Operating Income $69,416 Pre-Tax Cash Flow $19,537 FINANCING DATA 30% DOWN AT 4.95 RATE FOR 25 YEARS Down Payment $306,247 Loan Amount $714,577 Debt Service $49,879 Debt Service Monthly $4,156 Principal Reduction (yr 1) $14,841 SAINT LIBORY, IL DOLLAR GENERAL 3990 STATE ROUTE 4, SAINT LIBORY, IL 62282 SVN Holman Norden Page 4
Site Plan SAINT LIBORY, IL DOLLAR GENERAL 3990 STATE ROUTE 4, SAINT LIBORY, IL 62282 SVN Holman Norden Page 5
Retailer Map SAINT LIBORY, IL DOLLAR GENERAL 3990 STATE ROUTE 4, SAINT LIBORY, IL 62282 SVN Holman Norden Page 6
Location Maps SAINT LIBORY, IL DOLLAR GENERAL 3990 STATE ROUTE 4, SAINT LIBORY, IL 62282 SVN Holman Norden Page 7
Demographics Map POPULATION 3 MILES 5 MILES 7 MILES Total population 1,088 2,917 5,910 Median age 41.1 41.2 41.0 Median age (Male) 40.6 40.7 40.5 Median age (Female) 42.5 42.4 42.1 HOUSEHOLDS & INCOME 3 MILES 5 MILES 7 MILES Total households 420 1,132 2,287 # of persons per HH 2.6 2.6 2.6 Average HH income $64,840 $64,721 $65,567 Average house value $144,408 $145,594 $146,680 * Demographic data derived from 2010 US Census SAINT LIBORY, IL DOLLAR GENERAL 3990 STATE ROUTE 4, SAINT LIBORY, IL 62282 SVN Holman Norden Page 8
Senior Advisor WILL HOLMAN Managing Director PROFESSIONAL BACKGROUND Prior to forming SVN Holman Norden (SVN HN), Will had spent several years at Marcus & Millichap Will has had a successful and diverse career since starting in the Real Estate sales industry in 1984. After being raised in a Real Estate Development and Construction family it only made sense that he chose that as his career. He began in the sales and development of residential product types and quickly moved into the commercial arena. His clients include owner/users, investors, landlords and tenants in the areas of investment sales, leasing, construction and development, covering the Industrial, Retail, Multi-Family and Office product types. Will has participated in excess of One Billion Dollars ($1,000,000,000) in transactions not only as the Broker but also as Principal, Developer and Builder. This gives Will a uniquely beneficial view point and skill set that greatly benefits his clients. 4660 Mexico Road St. Peters, MO 63376 T 636.628.2111 C 636.734.1815 will.holman@svn.com MO #1999033650 During his career Will has been associated with some of the St. Louis areas larger companies. Prior to SVN HN, Will served as Associate Director of the National Retail Group - Marcus & Millichap where he honed his National Market Real Estate Investment skills. Will also was a Principal, Managing Partner and Broker with Commercial Brokerage Group, Inc., a 22 person full-service Commercial Real Estate, Construction and Development firm, serving the entire St. Louis Regional Market. Will has since continued to manage and develop his brokerage and mentoring skills. His experience and expertise aid owners in developing successful strategies for their Single Tenant Net Leased Properties as well as Multi-Tenant Industrial, Office and Retail properties. Since forming SVN HN and after utilizing the expansive network he has developed Will has been able to expand the region he serves throughout the Midwest and South and Southeastern area of the country. This expanded territory combined with the ability to mentor and co-broker with agents across the country has brought substantial benefits to his clients. SAINT LIBORY, IL DOLLAR GENERAL 3990 STATE ROUTE 4, SAINT LIBORY, IL 62282 SVN Holman Norden Page 9
Advisor DREW GOELLNER Associate Advisor PROFESSIONAL BACKGROUND Prior to SVN Holman Norden, Drew Goellner spent a short time in residential real estate before being drawn to the commercial product type. Prior to being licensed in 2015, Drew acted as sales manager for his father s manufacturing company. At SVN Holman Norden, Drew specializes in Triple Net Investment and Self-Storage Properties. Serving the Greater Midwest market while based in the St. Louis MSA, a central location to better serve his clients. These specialties are a natural fit as Drew has worked with his family s historical and mixed-use portfolio his entire life, and interacts with his in-law s portfolio of farm and self-storage parcels. 4660 Mexico Road St. Peters, MO 63376 T 636.628.2111 x2108 C 636.288.7809 drew.goellner@svn.com Drew, through diligent efforts and effective use of technology, has been able to market his listed properties on a national basis. This allows Drew to reach approximately 100,000 Commercial Real Estate Professionals and their clients nationally. By using these methods and following the SVN principal of sharing 50% of the Fee 100% of the time Drew is able, on average, to get sellers more for their properties. Drew graduated from the University of Missouri, and SEC D-1 school, with a Bachelor s Degree in Entrepreneurship. While in College Drew was fortunate to intern with outstanding US companies, such as Ameriprise Financial working directly with one of the top 100 producers. Additionally, Drew was fortunate to enjoy a yearlong Internship with Walt Disney World s retail, entertainment, casual dining park, and Downtown Disney management and operations team. Disney is one of the top brands globally as reported by Forbes Magazine and toward the top of the S&P 100 companies list. Furthering his knowledge and experience Drew was able to work on a political campaign during his senior year of college. SAINT LIBORY, IL DOLLAR GENERAL 3990 STATE ROUTE 4, SAINT LIBORY, IL 62282 SVN Holman Norden Page 10
Disclaimer The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk. SAINT LIBORY, IL DOLLAR GENERAL 3990 STATE ROUTE 4, SAINT LIBORY, IL 62282 SVN Holman Norden Page 11