Dollar general [ representative photo] NNN Zero Landlord Responsibilities Rental increases in the base term and options Low Rent of Only $0.69/FT Monthly 915 Euharlee Rd SW, Euharlee, GA 30120 www.capitalpacific.com
investment highlights ABSOLUTE NNN DOLLAR GENERAL IN, GA, HOME OF PLANT BOWEN, THE NINTH LARGEST POWER PLANT IN THE COUNTRY. THE SUBJECT PROPERTY BOASTS AN AVERAGE HOUSEHOLD INCOME WELL ABOVE THAT OF THE AVERAGE DOLLAR STORE LOCATION. PRICE: $930,000 CAP: 8.00% BUILDING SF............ 9,014 SF LOT SIZE...1.25 AC PRICE PER SF...$103.17 YEAR BUILT...2010 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. Listing Team Contact Info chris kostanecki ck@capitalpacific.com (415) 274-2701 CA BRE# 01002010 chris peters cpeters@capitalpacific.com (415) 274-2703 CA BRE# 01339983 Listed in conjunction with GA Licensed Broker: Steve Miller, Miller Realty Services, Inc. 770-409-0266 smiller@millerrealtyservices.com zeb ripple zripple@capitalpacific.com (415) 274-2702 CA BRE# 01242540 jack navarra jnavarra@capitalpacific.com (415) 274-2705 CA BRE# 01909630 Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team. [ representative photo ] DOLLAR GENERAL 2
core characteristics The subject property is located in the town of Euharlee, GA, a bedroom community of Cartersville. Euharlee is home to Plant Bowen, the nation s ninth largest power plant based on net generation of electricity. Plant Bowen plays a major role in the community and provides numerous economic benefits to the area, including $17 million in tax revenue for Bartow County and job opportunities for nearby residents. The subject property benefits from strong incomes in the local area with an average household income in excess of $73,000 per year. LEASE HIGHLIGHTS 15-year NNN lease with 7.5 years remaining and four 5-year options. Increases in the base term and options. INVESTMENT GRADE CREDIT Dollar General s credit is BBB and the company s credit rating has been raised five times since 2009, most recently in October, 2015. Dollar General has a better credit rating than both of its large competitors. STRONG TENANT Dollar General generated almost $22 billion in gross revenue in fiscal 2016, and in excess of $1.25 billion in net income. As of March 3, 2017, Dollar General operates 13,400 stores in 44 US states. Since going public in 2009, the stock has more than tripled in value as of the end of Q1, 2017. Low rent of only $0.69/ft monthly. AVERAGE HH INCOME OF $73k WITHIN A 3-MILE RADIUS [ representative photo ] DOLLAR GENERAL 3 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.
aerial IS HOME TO THE NINTH LARGEST POWER PLANT IN THE COUNTRY ATLANTA Harri STORAGE AND MAIL DEPOT oad son R Euharlee Elementary RJ S TAN RJ S FITNESS ANIMAL CLINIC CITY OF CITY OF HOUSING (378,139 RESIDENTS WITHIN 5-MILES) Euharlee Road SW CITY OF ad SW lee Ro Euhar Woodland Middle School JO JO S MARKET ve Co CARTERSVILLE AIRPORT red 113 Br d oa er idg Cartersville Highway CAGLE AUTO PARTS 113 DOLLAR GENERAL 4 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. 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.
income & expense PRICE $930,000 Price Per Square Foot: $103.17 Capitalization Rate: 8.00% Total Rentable Area (SF): 9,014 Lot Size (AC): 1.25 STABILIZED INCOME Per Square Foot Scheduled Rent $8.25 $74,400 Effective Gross Income $8.25 $74,400 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses NNN $0.00 EQUALS NET OPERATING INCOME $74,400 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. [ representative photo ] [ REPRESENTATIVE PHOTO ] 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 9,014 05/01/10 04/30/20 $74,400 $6,200 $74,400 $0.69 $8.25 05/01/20 04/30/25 $6,386 $76,632 $0.71 $8.50 Option 1 05/01/25 04/30/30 $7,024 $84,288 $0.78 $9.35 Option 2 05/01/30 04/30/35 $7,726 $92,712 $0.86 $10.29 Option 3 05/01/35 04/30/40 $8,499 $101,988 $0.94 $11.31 Option 4 05/01/40 04/30/45 $9,349 $112,188 $1.04 $12.45 Totals: 9,014 $74,400 $6,200 $74,400 $0.69 $8.25 Primary term expires in 2025. Tenant has approximately 7.5 years remaining. 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. [ representative photo] DOLLAR GENERAL 6
site plan SIGN Euharlee Road SW SITE PLAN KEY PARCEL OUTLINE: LAND AREA: BUILDING AREA: INGRESS/EGRESS: 1.25 AC 9,014 SF 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. DOLLAR GENERAL 7
tenant overview [ representative photo] dollar general is the country s largest small-box discount retailer ABOUT DOLLAR GENERAL Dollar General (NYSE: DG) is a chain of more than 13,400 discount stores in 44 states, primarily in the South, East, Midwest, and Southwest. Offering basic household items, such as cleaning supplies, health and beauty aids, apparel, and food, it targets low, middle, and fixed-income shoppers. The company has grown into the country s largest small-box discount retailer. Stores are often 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. Dollar General has more stores than any other retailer and is easily the largest dollar store chain. The company ranks 139th within the Fortune 500 list. Fiscal 2016 revenues exceeded $22 billion with a net income of $1.25 billion. Since going public in 2009, the stock has more than tripled in value as of the end of Q1, 2017. Dollar General enjoys a strong credit rating, see next page for details. COMPANY TYPE: PUBLIC (NYSE: DG) FISCAL 2016 REVENUE $22 BILLION S&P 500 CREDIT RATING BBB (See next page) 2016 FORTUNE 500 #139 NUMBER OF STORES 13,400 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 8
tenant credit rating [ representative photos ] THE THREE LARGEST DOLLAR STORE CHAINS, RANKED BY 2016 REVENUE, ARE: 1 2 3 DOLLAR GENERAL FAMILY DOLLAR DOLLAR TREE ABOUT THE STRONG DOLLAR GENERAL CREDIT RATING Dollar General is now the only dollar store chain with an investment grade rating. Dollar General has been credit-upgraded five times since going public in 2009, most recently in October, 2015. It is now rated BBB by Standard & Poor s, and it has an equivalent rating from Moody s. In July, 2015, Family Dollar was acquired by Dollar Tree and ceased to be a public company. Dollar Tree took on billions of dollars of debt to acquire Family Dollar, and that negatively impacted the credit rating of both of these companies. Moreover, Family Dollar, as a subsidiary of Dollar Tree, no longer issues separate financial statements. The best known rating agency, Standard & Poor s, downgraded Family Dollar in July, with Dollar Tree having already been downgraded. The combined Dollar Tree-Family Dollar entity will have approximately the same amount of revenue as Dollar General, but more debt, hence the lower credit rating. 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 9
demographics & map DOLLAR GENERAL LOCATION ABOUT, GA Euharlee, GA is a bedroom community of Cartersville, which is the Bartow County seat located nine miles to the east. The two cities are connected via Euharlee Road, and by a chain of subdivisions and homes. Euharlee is located next to Plant Bowen, which has the second largest generating capacity of any coal-fired power plant in the country. Bartow County, with a population of over 100,000 residents, is located approximately 45 miles north of Atlanta, nestled in the foothills of the Appalachian Mountains. It is known for its natural beauty, historical treasures, strong tax base, and competitive job market. POPULATION REGIONAL MAP 1-Mile 3-Mile 5-Mile 2010 2,005 9,607 16,685 2017 2,027 9,883 17,139 2021 2,031 9,994 17,585 CHATTANOOGA 2017 HOUSEHOLD INCOMES 1-Mile 3-Mile 5-Mile Average $70,717 $73,249 $71,740 Median $59,443 $59,426 $57,427 TOP EMPLOYERS IN BARTOW COUNTY, GA Shaw Industries Group, Inc. Bartow County School System Bartow County Government Cartersville Medical Center Toyo Tire NA Anheuser-Busch/InBev Quest Globla, Inc. 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. BIRMINGHAM 1 HR 49 MILES ATLANTA ATHENS DOLLAR GENERAL 10
[ representative photo] CHRIS KOSTANECKI ck@capitalpacific.com (415) 274-2701 CA BRE# 01002010 CHRIS PETERS cpeters@capitalpacific.com (415) 274-2703 CA BRE# 01339983 ZEB RIPPLE zripple@capitalpacific.com (415) 274-2702 CA BRE# 01242540 JACK NAVARRA jnavarra@capitalpacific.com (415) 274-2705 CA BRE# 01909630 In conjunction with GA Licensed Broker: Steve Miller, Miller Realty Services, Inc. 770-409-0266 smiller@millerrealtyservices.com Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team. JOHN ANDREINI DAVE LUCAS JOE CACCAMO RICK SANNER ZANDY SMITH AARON SUSMAN [ Copyright 2017 Capital Pacific ]