Actual Property O Reilly Auto Parts & Dollar General Two Free Standing Buildings 390 New Hartford Rd Barkhamsted, CT Not Subject Property Phone: 212.972.3947 Fax: 212.686.0078 dan@exp1031.com www.exp1031.com Price: $3,367,000 NOI: $202,000 CAP:6.00% Two Newly Constructed, Free Standing Buildings Leased To Investment Grade Tenants O Reilly Auto Parts NASDAQ: ORLY S&P Rating: BBB+ Dollar General NYSE: DG S&P Rating: BBB- Brand New Net Lease s with 20 & 15 Years of Term Base Term Rent Increase Average Household Income within a 5mile radius exceeds $81,000 Surrounding national retailers include a Ford dealership, Stop & Shop and Rite Aid Suburban HarZord, CT location
Investment Overview OVERVIEW: EXP Realty Advisors exclusively presents for sale two newly constructed, free standing buildings leased to O Reilly Auto Parts and Dollar General located in Barkhamsted, CT. Construction for the O Reilly Auto Parts was completed in late 2016. O Reilly s building is 7,225+/- sf on 0.69 acres of land. The Dollar General building is currently under construction and rent is expected to commence on June 1 st 2017. The building will be 9,100+/- sf on 2.15 acres of land. O Reilly and Dollar General are conveniently located in between two large shopping centers. One anchored by Stop & Shop and the other by Tractor Supply and Apple Cinemas. Other tenants include Rite Aid, Family Dollar, Sprint, Subway, Solo Pizza and a large Ford dealership. INVESTMENT SUMMARY Rent: $96,000 Bld. Sq Ft: 7,225 The properties are located on New HarZord Road, which is a well traveled, busy road. The properties are located near Northwestern Regional School District No. 7 which is a large regional public school serving many of the immediate towns. The school serves grades 7-12 in the same building. Land Size: 0.69 acres Barkhamsted is located approximately 25 miles north west of HarZord. Across the street from the property is the Barkhamsted Park and Ride Lot. The Park and Ride Lot offers an alternative for drivers who prefer to take public transportation. Commuters are able to park their cars and take a bus into HarZord. Barkhamsted is a town in Litchfield County in Connecticut and contains seven villages. The primary state highways in town are Route 44, Route 20, Route 219, Route 318, and Route 181. The village of Riverton is located along Route 20 and the village of Pleasant Valley is off Route 44 (via Route 318). Bradley International Airport is approximately 30 miles east. Rent: $106,000 Bld. Sq Ft: 9,100 Land Size: 2.15 acres Barkhamsted has a total area of 38.8 square miles of which 36.2 square miles is land and 2.6 square miles of it is water. A high percentage of the land in the town is owned by the State of Connecticut as state forest (People's State Forest and American Legion State Forest) and by the Metropolitan District Commission as watershed land. Major bodies of water include the Barkhamsted Reservoir, Lake McDonough, and the Farmington River. The Farmington River provides excellent kayaking and canoeing, continuing down to New HarZord and beyond. The state forests have many miles of hiking trails and can be used year-round for outdoor recreation. INVESTMENTOVERVIEW
Investment Overview O REILLY AUTO LEASE SUMMARY: Rent Commencement: February 2017 Lease Expiration Date: February 2037 Current Rent: $96,000 Increases: Rent increases to $104,640 (9%) on year 10 Options: Four (5) year renewal options with apprx 9% increases each option Lease Type: NetLease* *Landlord is responsible for the roof & structure and parking lot replacement which are new and come with warranty s. Landlord is also responsible for Common Area maintenance which includes snow plowing and restriping. However, the tenant is obligated to reimburse landlord for 100% of the cost associated with Common Area maintenance. Tenant pays real estate taxes directly. Tenant carries insurance and names landlord as insured loss payee. TENANT OVERVIEW: O Reilly Auto Parts NASDAQ: ORLY S&P Rating: BBB+ Investment Grade O Reilly Automotive, Inc. is an American auto parts retailer that is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S serving both the professional service providers and do-it-yourself customers. Founded in 1957 by the O Reilly family, the company operates more than 4,500 stores in 44 states, including Alaska and Hawaii. In 1993, the company completed an initial public offering, and it now trades on the NASDAQ market under the symbol ORLY. In 2008, the company completed the largest acquisition in its history, with the purchase of CSK Auto, which made O Reilly the third largest auto parts chain in the country after Advance Auto Parts and AutoZone. The company continues to plan for growth and expansion, projecting the addition of many new locations. DOLLAR GENERAL LEASE SUMMARY: Rent Commencement: June 1 st, 2017 (expectedcommencement) Lease Expiration Date: June 30 th 2032 Current Rent: Options: $106,000 Options Escalations: Three (5) year options Lease Type: 10% every 5 years NetLease* *Landlord is responsible for the roof & structure which are brand new and come with warranty s. Landlord is also responsible for maintaining the Common Area s. This includes landscaping and restriping, repairing/replacing the parking lot. Dollar General pays the landlord $7,200 per year ($600 m/o) for Common Area maintenance. This amount increases by 10% every 5 years and is not factored into the current rent above. In addition, Dollar General reimburses landlord for the cost associated with snow and ice removal. Landlord pays real estate taxes and is fully reimbursed by tenant within 30days. TENANT OVERVIEW: Dollar General NYSE: DG S&P Rating: BBB- Investment Grade Dollar General Corporation operates as the country s largest small-box discount retailer with stores in the southern, southwestern, midwestern, and eastern United States. The stores are typically located in local neighborhoods and small communities. Dollar General offers both name-brand and generic merchandise including offbrand goods and closeouts of name-brand items. In 2007 Kohlberg Kravis Roberts & Co. (KKR) (NASDQ: KKR) acquired Dollar General, privatized the company for restructuring, and took the company public again in 2009. As of January 29, 2016, it operated 12,483 stores located in 43 states. It s a Fortune 500Companies. INVESTMENTOVERVIEW
Site Plan Total Land Size: 2.84 acres AERIAL
Aerial NORTHWESTERN REGIONALSCHOOL DISTRICT NO. 7 (Grades7-12) Park & Ride Lot AERIAL
Location Map LOCATION MAP
Demographic Data Radius 3 Miles 5 Miles 10 Miles Population: 2021 Projection 12,733 20,673 76,143 2016 Estimate 12,867 20,953 77,333 2010 Census 12,970 21,366 80,291 Growth 2016-2021 (1.04%) (1.34%) (1.54%) Growth 2010-2016 (0.79%) (1.93%) (3.68%) 2016 Population Hispanic Origin 685 948 4,774 2016 Population by Race: White 12,157 19,775 72,418 Black 304 435 1,813 Am. Indian & Alaskan 44 56 258 Asian 144 351 1,470 Hawaiian & Pacific Island 3 5 49 Other 216 331 1,325 U.S. Armed Forces: 5 13 30 Households: 2021 Projection 5,330 8,421 30,963 2016 Estimate 5,380 8,526 31,442 2010 Census 5,394 8,645 32,578 Growth 2016-2021 (0.93%) (1.23%) (1.52%) Growth 2010-2016 (0.26%) (1.38%) (3.49%) Owner Occupied 3,571 6,346 23,415 Renter Occupied 1,810 2,181 8,027 2016 Avg Household Income $77,102 $80,768 $84,161 2016 Med Household Income $66,471 $69,417 $67,016 2016 Households by Household Inc: <$25,000 926 1,317 5,638 $25,000 - $50,000 1,081 1,714 6,379 $50,000 - $75,000 1,111 1,638 5,346 $75,000 - $100,000 832 1,407 4,852 $100,000 - $125,000 717 1,110 3,494 $125,000 - $150,000 250 520 1,767 $150,000 - $200,000 331 568 2,242 $200,000+ 134 252 1,725 Contact Us EXP Realty Advisors 52 Vanderbilt Ave Suite 2014 New York, NY 10017 www.exp1031.com Our Team Dan De Sa Director of Sales Phone: (646) 850-9837 E-mail: dan@exp1031.com Robert James President Phone: (212) 686-0072 E-mail: rob@exp1031.com In association with Connecticut RE License: REB.0791518 DEMOGRAPHICS
Dollar General Barkhamsted, CT Investment Overview OVERVIEW: EXP Realty Advisors exclusively presents for sale a brand new O Reilly Auto Parts located in Barkhamsted, CT. Construction was completed in late 2016. The building is 7,225+/- sf on 0.69 acres of land. The property is located on New HarZord Road, which has traffic counts of 13,640. The property is located near Northwestern Regional School District No. 7 which is a large regional public school serving many of the immediate towns. The school serves grades 7-12 in the same building. The property is conveniently located in between two large shopping centers. One anchored by Strop & Shop and the other by Apple Cinemas. Other tenants include Rite Aid, Family Dollar, Tractor Supply, Sprint, Subway, Sears Hometown Store, Solo Pizza and a large Ford dealership. Barkhamsted is located approximately 25 miles north west of HarZord. Across the street from the property is the Barkhamsted Park and Ride Lot. The Park and Ride Lot offers an alternative for drivers who prefer to take public transportation. Commuters are able to park their cars and take a bus into HarZord. INVESTMENT SUMMARY Rent: $96,000 Bld. Sq Ft: 7,225 Land Size: 0.69 acres Barkhamsted is a town in Litchfield County. Litchfield County is a county located in northwestern Connecticut of the New York metropolitan area. As of the 2010 census, the population was 189,927. The county was named after Lichfield, in England. Litchfield County comprises the Torrington, CT Micropolitan Statistical Area, which is included in the New York- Newark, NY-NJ-CT-PA Combined Statistical Area. As is the case with all eight counties in Connecticut, there is no county government; there is no county seat: in Connecticut, each town is responsible for all local services such as schools, snow removal, sewers, fire department and police departments. However, in some cases in rural areas, adjoining towns may agree to jointly provide services or even establish a joint school system. LEASE SUMMARY: Rent Commencement: Lease Expiration Date: Current Rent: Increases: Options: February 2017 February 2037 $96,000 Rent increases to $104,640 (9%) on year 10 Four (5) year renewal options with apprx 9% increases each option Lease Type: Net Lease: Landlord is responsible for the roof & structure and parking lot replacement which are new and come with warranty s. Landlord is also responsible for snow plowing and restriping. However, the tenant is obligated to reimburse landlord for 100% of the cost associated with Common Area maintenance. Tenant pays real estate taxes directly. Tenant carries insurance and names landlord as insured loss payee TENANT OVERVIEW: O Reilly Auto Parts NASDAQ: ORLY S&P Rating: BBB Investment Grade O Reilly Automotive, Inc. is an American auto parts retailer that is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S serving both the professional service providers and do-it-yourself customers. Founded in I 1 ti 9 st 5 h 7 ep b ur y ch t a h se e r s O re s R po e n i s l i b y ilit f y a t m oin il d y e, pe t n h d e en c tly o c m on p fir a m n t y he o a p cc e ur r a cy te an s d m com o p r l e ete t n h e a s n of 4 th, e 5 i 0 nf 0 orm st a o tio r n es c i o n nta 4 in 4 ed s h ta er t e in s., including Alaska and Hawaii. In 1993, the company completed an initial public offering, and it now trades on the NASDAQ INVESTMENTOVERVIEW
Not Subject Property Dollar General 390 New Hartford Rd (Rt. 44) Barkhamsted, CT Phone: 212.972.3947 Fax: 212.686.0078 dan@exp1031.com www.exp1031.com Price: $2,043,917 NOI: $122,365 CAP:6.00% Dollar General Corporate Guarantee NYSE: DG S&P Rating: BBB- Investment Grade New Absolute Triple Net Lease with 15 Years of Term 2017 construction Three (5) Year Options with 10% increases each Surrounding national retailers include O Reilly Auto Parts, Stop & Shop, Rite Aid, and Sears Average Household Income within a 5mile radius exceeds $81,000
Dollar General Barkhamsted, CT Investment Overview OVERVIEW: EXP Realty Advisors exclusively presents for sale a brand new Dollar General located in Barkhamsted, CT. The building is being constructed and rent is expected to commence on June 1 st 2017. The building will be 9,100+/- sf on 1.09 acres of land. The property is located on New HarZord Road, which has traffic counts of 13,640. The property is located near Northwestern Regional School District No. 7 which is a large regional public school serving many of the immediate towns. The school serves grades 7-12 in the same building. The property is conveniently located in between two large shopping centers. One anchored by Strop & Shop and the other by Apple Cinemas. Other tenants include Rite Aid, Family Dollar, Tractor Supply, Sprint, Subway, Sears Hometown Store, Solo Pizza and a large Ford dealership. Barkhamsted is located approximately 25 miles north west of HarZord. Across the street from the property is the Barkhamsted Park and Ride Lot. The Park and Ride Lot offers an alternative for drivers who prefer to take public transportation. Commuters are able to park their cars and take a bus into HarZord. INVESTMENT SUMMARY Rent: $106,000 Bld. Sq Ft: 9,100 Land Size: 1.09 acres Barkhamsted is a town in Litchfield County in Connecticut and contains seven villages. The primary state highways in town are Route 44, Route 20, Route 219, Route 318, and Route 181. The village of Riverton is located along Route 20 and the village of Pleasant Valley is off Route 44 (via Route 318). Bradley International Airport is approximately 30 miles east. LEASE SUMMARY: Rent Commencement: June 1 st, 2017 Lease Expiration Date: June 30 th 2032 Current Rent: $106,000 Options: Three (5) year options Options Escalations: 10% every 5 years Lease Type: NetLease* *Landlord is responsible for the roof & structure which are brand new and come with warranty s. Landlord is also responsible for maintaining the Common Area s. This includes landscaping and restriping, repairing/replacing the parking lot. Dollar General pays the landlord $7,200 per year ($600 m/o) for Common Area maintenance. This amount increases by 10% every 5 years and is not factored into the current rent above. In addition, Dollar General reimburses landlord for the cost associated with snow and ice removal. TENANT OVERVIEW: Dollar General NYSE: DG S&P Rating: BBB- Investment Grade Dollar General Corporation operates as the country s largest small-box discount retailer with stores in the southern, southwestern, midwestern, and eastern United States. The stores are typically located in local neighborhoods and small communities. Dollar General offers both name-brand and generic merchandise including off-brand goods and closeouts of name-brand items. In 2007 Kohlberg Kravis Roberts & Co. (KKR) (NASDQ: KKR) acquired Dollar General, privatized the company for restructuring, and took the company public again in 2009. As of January 29, 2016, it operated 12,483 stores located in 43 states. And ranks within the Fo Th r i t s u in n fo e rm 5 a 0 tio 0 n C ha o s m bee p n a o n bt i a e in ẹdfrom sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy. s It is the Purchaser s responsibility to independently confirm the accuracy and completeness of the information contained herein. INVESTMENTOVERVIEW