Dollar General above standard store size 420 West Main St, Wilburton OK 74578 For more info on this opportunity please contact: 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 Capital Pacific collaborates. Click here to meet the rest of our San Francisco team.
NNN PROPERTY IN WILBURTON, OKLAHOMA New 15-year primary term lease with five (5), five-year options with a 10% rental increase at the beginning of each option period. This is an above average store because the typical store is only 9,000 square feet. Investment Highlights s PRICE.... $1,637,000 CAP RATE... 6.75% LEASE TYPE... NNN RENTABLE SF... 10,640 SF YEAR BUILT... 2014 INVESTMENT GRADE CREDIT Dollar General s credit is BBB-, the company s credit rating has been raised four times since 2009 STRONG TENANT During fiscal year 2014, Dollar General expects to open about 700 new stores, and remodel or relocate approximately 525 outlets 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
WB Wilburton Jr. High School lair Ave n ue 2 Kiamichi Technology Center NW 3rd Street Choctaw Nation Head Start 2 270 W Main Street OKLAHOMA CITY E Blair Avenue H&R BLOCK NE 4th Street Grace Russell Elementary 270 W Main Street 270 2 DOLLAR GENERAL 3
Site Plan W Main Street 270 DOLLAR GENERAL 4
Income & Expense PRICE $1,661,500 Capitalization Rate: 6.65% Total Rentable Area (SF): 10,640 Lot Size (Acres): 1.41 STABILIZED INCOME Per Square Foot Scheduled Rent $10.38 $110,496 Effective Gross Income $10.38 $110,496 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses $0.00 EQUALS NET OPERATING INCOME $110,496 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 5
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 10,640 11/1/2014 10/31/2029 $110,496 $9,208 $110,496 $0.87 $10.38 Option 1 11/1/2029 10/31/2034 $10,128 $121,536 $0.95 $11.42 Option 2 11/1/2034 10/31/2039 $11,141 $133,692 $1.05 $12.57 Option 3 11/1/2039 10/31/2044 $12,225 $146,700 $1.15 $13.79 Option 4 11/1/2044 10/31/2049 $13,481 $161,772 $1.27 $15.20 Option 5 11/1/2049 10/31/2054 $14,829 $177,948 $1.39 $16.72 Totals: 10,640 $110,496 $9,208 $110,496 $9,208.00 $10.38 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 6
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 set price points ranging from under a dollar to $60. Some of its higher end items include over-the-counter medicines, seasonal products, pet products, prepaid cell phones and accessories, 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 the stores main advantages is that it offers prices as low or lower than Walmart but in more convenient locations, within a closer driving distance. Dollar General has more stores than any other retailer, and is easily the largest dollar store chain. 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 within 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 7
Regional Map Wilburton Location DOLLAR GENERAL Wilburton DOLLAR GENERAL 8
Location & Demos WILBURTON, OK Wilburton is located in Latimer County in the southeastern part of Oklahoma. The Sans Bois Mountains span the northern border of the county, while the Winding Stair Mountains extend into its southern part. Historically, Wilburton s largest industry was coal mining. Today, the economy is mainly based on raising cattle, lumbering, and production of oil and gas. Just one mile from the Dollar General is Eastern Oklahoma State College, a public community college, with over 2,000 students. POPULATION 3-Mile 5-Mile 10-Mile 2010 3,781 4,573 6,721 2012 3,819 4,608 6,768 2018 3,806 4,586 6,734 2013 HOUSEHOLD INCOMES 3-Mile 5-Mile 10-Mile Average $42,216 $44,151 $47,499 Median $30,389 $33,194 $36,964 Wilburton is home to many natural attractions including Robbers Cave State Park, which is located in the hilly woodlands of the San Bois Mountains. Here, residents and visitors can enjoy fishing, swimming, hiking rock climbing, and many other outdoor activities. 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]