New NNN Dollar general town with low unemployment rate of 3.2% average incomes of $74,000 The only investment grade dollar store in town Rent increases in the base term Highway 91, Humphrey, NE 68642 Click for Map [ www.capitalpacific.com ]
Listing Team Contact Info investment highlights NEW NNN DOLLAR GENERAL IN HUMPHREY, NE WHERE THE UNEMPLOYMENT RATE IS JUST 3.2% & AVERAGE HOUSEHOLD INCOMES EXCEED $74,000. THIS IS THE ONLY NATIONAL DOLLAR STORE IN THE TOWN. PRICE: $1,167,467 CAP: 6.75% Rentable SF...9,100 SF lot size...1.16 AC lease type... NNN Completion date... Now Open Jamison Whiston, WRK Real Estate, LLC jamison@wrkllc.com (402) 817-4486 Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team.
core characteristics ATTRACTIVE FINANCING AVAILABLE: Up to 75% Leverage 5 Year Fixed 3.98% - 25 Year Amortization 10 year Fixed 4.58% - 25 year Amortization 0.25% Loan Fee plus 3rd party appraisal & title *Contact Agents for Details Property Highlights The site is in Humphrey, NE (see demographics on page 10). The following are unemployment rates according to Homefacts.com as of November, 2015: Humphrey: 3.2% National: 5.0% In the last ten years, since 2006, unemployment here has consistently been less than the US average, occasionally even less than half of the national average. high incomes The average household income within 5 miles is about $74,000. 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.
income & expense PRICE $1,167,467 Price Per Square Foot: $128.29 Capitalization Rate: 6.75% Total Rentable Area (SF): 9,100 Lot Size (AC): 1.16 STABILIZED INCOME Per Square Foot Scheduled Rent $8.66 $78,804 Effective Gross Income $8.66 $78,804 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses NNN $0.00 EQUALS NET OPERATING INCOME $78,804 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 4
site plan PROPOSED COUNTY ROAD Site Plan Key PYLON SIGN Parcel outline: Land Area: Building Area: Ingress/Egress: 9,100 SF 1.16 AC 91 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 5
aerial only national dollar store in town 81 91 91 PRECISION EXCAVATING HOG SLAT MIDWAY MOTEL N 3rd Street HUSKER VINYL BELLER & BACKES, INC. MUGS N JUGS BAR & GRILL MAIN STREET MARKET PFEIFER PHOTOGRAPHY HUMPHREY DEMOCRAT NORTHLAND CUSTOMS AND CLASSICS A&H BUILDING AND SUPPLY DESIGN AGRI-SYSTEMS, INC. PLATTE VALLEY EQUIPMENT 71A 467th Street 81 Humphrey Elementary St. Frances High School HUMPHREY PHYSICAL THERAPY STEEPLEVIEW GOLF COURSE SHARON S OLDIES & ANTIQUES KUCHAR CHIROPRACTIC HUMPHREY MEDICAL CLINIC HUMPHREY PUBLIC LIBRARY S 3rd Street 460 Street 81 91 OMAHA dollar general 6
rent roll RENTAL INCREASES 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 9,100 1 10 $78,804 $6,567 $78,804 $0.72 $8.66 11 15 $6,764 $81,168 $0.74 $8.92 Option 1 16 20 $7,440 $89,285 $0.82 $9.81 Option 2 21 25 $8,184 $98,213 $0.90 $10.79 Option 3 26 30 $9,003 $108,035 $0.99 $11.87 Option 4 31 35 $9,903 $118,838 $1.09 $13.06 Totals: 9,100 $78,804 $6,567 $78,804 $0.72 $8.66 *Now open 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 7
tenant overview dollar general is the country s largest small-box discount retailer About Dollar General Dollar General (NYSE: DG) is a chain of more than 12,483 discount stores in 43 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 159th within the Fortune 500 list. Fiscal 2015 revenues exceeded $20.4 billion with a net income of $1.17 billion, and net worth of $5.3 billion. On March 10, 2016 Dollar General reported its fourth quarter and full year 2015 financial results. The report was quite good and the stock price rose on the news. The fiscal quarter reported in May 2016 was also very strong. As of June 1st, the stock price is up 20% YTD to a 52-week high. Dollar General enjoys a strong credit rating, see next page. COMPANY TYPE: PUBLIC (NYSE: DG) FISCAL 2015 SALES $20.4 BILLION S&P 500 CREDIT RATING BBB (See next page) 2015 FORTUNE 500 #159 NUMBER OF STORES 12,483 dollar general 8
tenant credit rating The three largest dollar store chains, ranked by 2015 revenue, are: 1 2 Dollar general Family Dollar About the strong Dollar General credit rating 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. 3 Dollar tree 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. 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. dollar general 9
location & demographics Dollar general location About humphrey, ne The growing town of Humphrey is located 100 miles west of Omaha on NE 91 (E/W) two blocks from where it intersects with US 81 (N/S). According to the demographic report (see data on the right), the average household income in Humphrey is approximately $74,000. Furthermore, the unemployment rate, (www. homefacts.com) is only 3.2%, which is well below the US average of 5%. It is 22 miles from Humphrey to the larger city of Columbus, which is also the seat of Platte County. This distance means that residents of the areas near Humphrey may be more inclined to do their convenience shopping locally rather than traveling to Columbus. This Dollar General is the only national dollar store in the town. regional map humphrey Population 1-Mile 3-Mile 5-Mile 2010 1,357 2,121 5,554 2015 1,427 2,248 5,979 2020 1,482 2,345 6,296 2015 Household incomes 1-Mile 3-Mile 5-Mile Average $74,530 $73,220 $61,734 Median $60,427 $59,853 $50,430 dollar general 10
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