O Reilly Auto Family Dollar Sartell, MN 10 Year O Reilly Renewal 80,000 Residents within 5 miles Located 6 miles from Downtown St. Cloud Harjot Gill VP Investments 801-859-5338 harjot@wellsnetlease.com
CONFIDENTIALITY This marketing brochure has been prepared to provide a summary to prospective investors of the valuation of the lease or leases contained herein and does not include or take into account any value of the real estate which is bonded under the lease or leases contained herein. It is intended to be reviewed only by the party receiving it from WNL and should not be made available to any other person or entity without the written consent of WNL. The information contained herein is not a substitute for a thorough due diligence investigation. WNL has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the bonded lease or lease information contained herein and or it s guarantor or guarantors nor any future projected financial performance. WNL recommends and advises any and all prospective purchasers to work with a licensed real estate professional or legal counsel to verify the size and square footage of the property and improvements, investigate the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property. The information contained in this marketing brochure has been obtained from sources we believe to be reliable; however, WNL has not verified, and will not verify, any of the information contained herein, nor has WNL conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Harjot Gill VP Investments 801-859-5338 harjot@wellsnetlease.com
INVESTMENT OVERVIEW O Reilly Auto / Family Dollar Price Cap Rate Base Rent Lease Term 216 Riverside Ave. South $1,950,000 6.86 % $133,815 10 YR O Reilly 5 YR F.D. (Ext) Insert photo Expiration Term Remaining Lease Type Increases Guarantor Public or Private S&P Credit Rating Options Building Size Lot Size Year Built 12/8/25 O Reilly 6/30/20 F.D. 10 YR O Reilly 4.5 YR F.D. NN In Options Corporate Public BBB+ O Reilly BB F.D. 3- (5YR) O Reilly 4-(5YR) F.D. 13,570 SF 1.82 Acres 2005 Investment Highlights Both tenants have renewed leases Very strong demographics 80,000+ 5 mile pop. Six miles to downtown St. Cloud Hard signalized corner location
LEASE ABSTRACT Taxes Insurance Maintenance/CAM HVAC Tenant Tenant Tenant Reimburses Tenant Roof & Structure Utilities Right of 1 st Refusal Assignment & Subletting Termination Options Options Increases in Options Sales Reported Landlord Tenant None Landlord consent None O Reilly 3- (5YR) Family Dollar 4- (5YR) Yes No
RENT SCHEDULE Tenant Option Annual Rent O Reilly 12/15-12/25 $72,600 1 st Option 2 nd Option 3 rd Option $76,230 $80,041 $80,041 Family Dollar 7/15-6/20 $61,215 2 nd Option $64,275 3 rd Option $70,703 4 th Option $77,773 5 th Option $85,551
TENANT OVERVIEW Tenant Overview Parent Company Information Company Name Dollar Tree, Inc. S&P Credit Rating BB Public or Private Public Ticker DLTR Founded 1986 (Family Dollar 1959) Headquarters Chesapeake, VA Number of locations 13,600 (8,100 Family Dollar) Number of Employees 18,100 Website (tenant) www.familydollar.com Company Highlights Dollar Tree, Inc. is the largest dollar store retailer in the U.S. $19 billion in revenue More diverse product selection than competing dollar stores Family Dollar is a regional chain of variety stores in the United States. It opened in 1959 and operates approximately 8,100 stores in 46 states and the District of Columbia. It is headquartered in Matthews, North Carolina. Family Dollar is not a true "dollar store" in the strict sense; while there are many items available for $1, there are other price points as well. However, approximately 90% of the products cost less than $10. With most locations set up like a typical supermarket, the chain deals in food items, clothing and assorted household products. The typical Family Dollar net lease is 10 years with successive option periods when the rent increases 10% every five years during the options. The Family Dollar net lease typically requires minimal responsibilities from the landlord, limited only to roof & structural maintenance while the tenant is responsible for insurance, taxes and all other maintenance and repairs. In July 2015, Dollar Tree completed its $9 billion acquisition of Family Dollar stores.
TENANT OVERVIEW Add tenant logo Tenant Overview Corporate Information S&P Credit Rating BBB+ Public or Private Public Ticker ORLY Founded 1957 Headquarters Springfield, MO Number of locations 4,465 Number of Employees 67,569 Website www.oreillyauto.com Tenant Highlights Investment grade tenant Recession proof industry $23.28 Billion Market Cap $7.78 Billion in Sales O Reilly Automotive, Inc., together with its subsidiaries, is engaged in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories. Its stores offer auto body paint and related materials, automotive tools, and professional service provider service equipment. Its stores provide do-it-yourself and professional service provider customers a selection of brand name, house brands, and private label products for domestic and imported automobiles, vans, and trucks. As of June 30, 2015, the company operated 4,465 stores in 43 states. O Reilly Automotive, Inc. was founded in 1957 and is headquartered in Springfield, Missouri. O Reilly Auto Parts is publicly traded on the NASDAQ (ORLY) and has a market capitalization in excess of $23.28 billion. O Reilly has an Investment Grade Credit Rating of BBB+ (S&P).
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DEMOGRAPHICS Sartell, MN The City of Sartell is located along the Mississippi River in central Minnesota. The city has experienced a strong surge in population growth over the last 30 years. The City has easy access to St. Cloud and is located roughly six miles from downtown and also boasts easy access to Highway 94. Sartell is located 75 miles northwest of Minneapolis. 1 Miles 3 Miles 5 Miles Total Population 6,866 35,979 80,158 Average Household Income $71,669 $73,959 $63,713
www.wellsnetleasegroup.com For additional information contact: Harjot Gill VP Investments 801-859-5338 harjot@wellsnetlease.com