FAMILY DOLLAR Brand New Construction Highway 21, Niederwald, Texas 78640
Listing Team Contact Info investment highlights NEW FAMILY DOLLAR DEVELOPMENT IN NIEDERWALD, TEXAS STEVEN KALIL steven@kalilcommercial.com (512) 717-4981 PRICE: $1,384,204 CAP: 6.35% CLINT YODER clint@kalilcommercial.com (512) 717-4982 LINK TO EXECUTED LEASE RENTABLE SF...8,320 SF PRICE PER SF... $166.37 CURRENT RENT...$10.56/SF FAMILY DOLLAR 2
core characteristics PROPERTY HIGHLIGHTS Kalil Commercial is pleased to offer for sale, a high-quality, singletenant, net-leased, discount retail asset. The property is estimated to be completed in August 2019 and is being offered free and clear of any debt. It is a unique opportunity for an investor to acquire a well-located, investment-grade, credit-tenant asset in a desirable Texas geography. INVESTMENT GRADE CREDIT Credit is BB+. STRONG TENANT Generated $22.4B in 2016. LEASE HIGHLIGHTS A new 10-year NN lease with six 5- year options. Increases in the base term and options. Brand new construction. Corporate guaranteed lease. FAMILY DOLLAR 3
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income & expense PRICE $1,384,204 Price Per Square Foot: $166.37 Capitalization Rate: 6.35% Total Rentable Area (SF): 8,320 Lot Size (AC): 1.06 STABILIZED INCOME Per Square Foot Scheduled Rent $10.56 $87,897.00 Effective Gross Income $10.56 $87,897.00 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 EQUALS NET OPERATING INCOME $87,897.00 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
rent roll TENANT INFO LEASE TERMS RENT SUMMARY Tenant Name Sq. Ft. Term Monthly Rent/FT Monthly Rent Yearly Rent/FT Yearly Rent Family Dollar 8,320 09/01/19 08/31/28 $0.88 $7,324.75 $10.56 $87,897.00 Option 1 09/01/29 08/31/34 Option 2 09/01/34 08/31/39 Option 3 09/01/39 08/31/44 Option 4 09/01/44 08/31/49 Option 5 09/01/49 08/31/54 $0.92 $7,691.00 $11.09 $92,292.00 $0.97 $8,075.50 $11.65 $96,906.00 $1.02 $8,497.33 $12.26 $101,752.00 $1.07 $8,903.25 $12.84 $106,839.00 $1.12 $9,348.42 $13.48 $112,181.00 Option 6 09/01/54 08/31/59 $1.18 $9,815.83 $14.16 $117,790.00 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
site plan 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
tenant overview family dollar was purchased by dollar tree for $9.1b in 2015 ABOUT FAMILY DOLLAR Family Dollar offers a compelling assortment of merchandise for the whole family ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. While shoppers can find many items at $1 or less, most items in the store are priced below $10, which makes shopping fun without stretching the family budget. The average size of a Family Dollar store is approximately 7,500 square feet, and most stores are operated in leased facilities. This relatively small footprint allows the Company to open new stores in rural areas and small town, as well as in large urban neighborhoods. Within these markets, the stores are located in shopping centers or as free-standing building and all are convenient to the Company s customer base. Family Dollar was founded in 1959 in Charlotte, North Carolina. Today, there are over 8,100 locations. On July 6, 2015 Family Dollar was purchased by Dollar Tree for a total of $9.1 billion. Dollar Tree CEO Bob Sasser said the Family Dollar acquisition will allow Dollar Tree to extend our reach to low-income customers, while strengthening and diversifying our footprint. For the Family Dollar stores, Dollar Tree said that it will keep the chain s name, and even work to expand both banners. Dollar Tree also said it will maintain Family Dollar s headquarters. Dollar Tree, Inc. is a publicly traded company (NASDAQ: DLTR) with a market capitalization in excess of $22.4 billion. Dollar Tree employs more than 176,000 people and operates over 14,580 locations. 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. COMPANY TYPE: PUBLIC (NYSE: DLTR) FISCAL 2016 REVENUE $22.4 BILLION S&P 500 CREDIT RATING BB+ 2016 FORTUNE 500 #136 NUMBER OF STORES 14,580+ FAMILY DOLLAR 8
location & demographics MARKET LOCATION ABOUT NIEDERWALD, TX Niederwald is located in eastern Hays County and northern Caldwell County. Niederwald has an estimated population of 584, and is located 15 miles from San Marcos, 26 miles from Bastrop and 24 miles to Austin. Highway 21 is the main road in Niederwald with effortless access to SH-130. REGIONAL MAP POPULATION 1-Mile 3-Mile 5-Mile 2010 261 2,338 10,903 2018 278 2,518 13,018 2022 323 2,933 15,354 HOUSEHOLD INCOMES 1-Mile 3-Mile 5-Mile 2018 Average $78,464 $81,035 $68,478 2018 Median $63,461 $65,508 $57,380 FAMILY DOLLAR 9
STEVEN KALIL steven@kalilcommercial.com (512) 717-4981 CLINT YODER clint@kalilcommercial.com (512) 717-4982 Kalil Commercial