Dollar Tree [ REPRESENTATIVE PHOTO ] 10-Year Corporate Lease in Core Chicago 9341 S. Ashland Avenue, Chicago, IL [ www.capitalpacific.com ]
PROperty Summary PRICE: $2,228,000 CAP: 7.15% Rentable SF...12,253 SF Price per SF...$181.83 land area...0.49 Acres Current Rent...$13.00/SF Listing Team Contact Info John Andreini jandreini@capitalpacific.com (415) 274-2715 CA BRE# 01440360 RICK SANNER rsanner@capitalpacific.com (415) 274-2709 CA BRE# 01792433 Bob SANNER bsanner@capitalpacific.com (415) 274-2717 CA BRE# 00869657 In conjunction with IL Licensed Broker: Troutman & Dams Lic# 481011251 (312) 441-0344 Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. [ Actual Store PHOTO ] dollar tree 2
core characteristics Property highlights Core metropolitan demographics: 26,000+ people within a 1-mile radius, 234,000+ people within a 3-mile radius, and an astonishing 634,000 within a 5-mile radius Average household incomes of over $72,000+ within a 1-mile radius Immediate area retailers include Jewel Osco (Chicago s dominant grocer), Walgreens, BMO Harris Bank, McDonald s, Taco Bell, Burger King, and many others Fungible box building allows for a variety of future uses Hard corner with traffic counts of 30,000 vehicles per day Two separate Metra train stations (Chicago s primary public transit source) within only a few blocks making this trade area a major source of pedestrian traffic tenant highlights Dollar Tree recently acquired Family Dollar creating an organization with over $19 billion in sales Over 13,000 stores in 48 states lease highlights Brand new 10-year corporate lease with three 5-year options Rental increases during the option periods Landlord responsible for roof and structural components Tenant responsible for repairs, maintenance, and replacement of all interior non-structural components including HVAC located in the heart of a 26,000 person, 1-mile trade area and only blocks from two major train stops that feed thousands of people into the trade area on a daily basis [ surrounding retail] dollar tree 3
aerial immediate area retailers include jewel osco, walgreens, bmo harris bank, and mcdonald s S Western Avenue 94 CATHAM RIDGE THE EVERGREEN MARKETPLACE E 87th Street W 87th Street S Ashland Avenue 27,600 DAILY Fort Dearborn Elementary Turner Drew Language Academy Gillespie Elementary 20 W 95th Street Vanderpoel Elementary 25,200 DAILY CICS Longwood CICS Loomis Wendell Green Elementary 20 E 95th Street Harlan Community Academy High School 94 e enu y Av verl S Be 57 94 CHICAGO CITY CENTER dollar tree 4
income & expense PRICE $2,228,000 Price Per Square Foot: $181.83 Capitalization Rate: 7.15% Total Rentable Area (SF): 12,253 Lot Size (Acres): 0.49 STABILIZED INCOME Per Square Foot Scheduled Rent $13.00 $159,289 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 EQUALS NET OPERATING INCOME $159,289 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. [ surrounding retail] dollar tree 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 Tree 12,253 1 10 $159,289 $13,274.08 $159,289 $1.08 $13.00 Option 1 11 15 $13,784.63 $165,416 $1.13 $13.50 Option 2 16 20 $14,295.17 $171,542 $1.17 $14.00 Option 3 21 25 $14,805.71 $177,669 $1.21 $14.50 Totals: 12,253 $159,289 $13,274 $159,289 $1.08 $13.00 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. [ surrounding retail] dollar tree 6
site plan S Ashland Avenue 26,700 DAILY NOT A PART W 94th Street Site Plan Key Parcel outline: Land Area: 0.49 acres Building Area: 12,253 sf Ingress/Egress: ALLEY NOT A PART dollar tree 7
tenant overview [ REPRESENTATIVE PHOTO ] [ REPRESENTATIVE PHOTO ] dollar tree Dollar Tree, Inc. is a value-driven variety store operating at a one dollar price-point. Headquartered in Chesapeake, Virginia, the company currently operates more than 13,000 stores throughout 48 U.S. states and Canada. Dollar Tree competes in the dollar store and low-end retail markets and is the largest and most successful single price-point retailer in the country. They operate from nine distribution centers, stocking each store with a variety of products including national, regional, and private-label brands. Departments found in a Dollar Tree store range from health and beauty to candy and toys to books and teaching supplies. A Fortune 500 Company, Dollar Tree has served North America for more than twenty-six years. Nasdaq DLTR 2015 PROJECTED REVENUE $19 Billion NUMBER OF LOCATIONS 13,000 www.dollartree.com dollar tree 8
26,700 DAILY demographics & maps Population 1-Mile 3-Mile 5-Mile 2015 26,550 234,593 635,628 Outstanding Dollar Store Demographics downtown chicago 2015 Household incomes 1-Mile 3-Mile 5-Mile Average $72,594 $61,753 $54,852 20 Min 12 Miles 25,200 DAILY dollar tree 9
location Chicago, IL overview Chicago, the seat of Cook County, is the third most populous city in the United States and is the most populous city in the state of Illinois and the Midwest, with over 2.7 million residents. The Chicago metropolitan area is home to nearly 10 million people. As of 2012, Chicago had the third largest gross metropolitan product in the country at $571 billion. The city is an international hub for finance, commerce, industry, technology, and telecommunications. It has the second largest central business district in the country. The Chicago MSA has the third largest science and engineering work force of any metropolitan area in the nation and is the center for transportation. The O Hare International Airport is the busiest airport in the world and Chicago has the highest number of U.S. highways and railroad freight. Chicago was named the Best Sports City in the U.S. by the Sporting News in 1993, 2006, and 2010. It is home to two MLB teams: the Chicago Cubs and the Chicago White Sox, and the NBA Chicago Bulls, one of the most recognized basketball teams in the world. In 2014 Chicago hosted 50.2 million international and domestic visitors. Chicago s culture includes contributions to the visual arts, novels, film, theater, especially improvisational comedy, and music. Top Employers in Chicago Employer # of Employees* Accenture 5,600 W.W. Grainger 3,941 Hyatt Hotels 3,873 GE 3,350 third largest city in the country *Approximate dollar tree 10
[ Actual Store PHOTO ] A unique HUMAN RESULTS-DRIVEN client experience The capital pacific experience - our daily commitment to our clients [ www.capitalpacific.com ] John Andreini jandreini@capitalpacific.com (415) 274-2715 CA BRE# 01440360 Bob Sanner bsanner@capitalpacific.com (415) 274-2717 CA BRE# 00869657 Rick Sanner rsanner@capitalpacific.com (415) 274-2709 CA BRE# 01792433 In conjunction with IL Licensed Broker: Troutman & Dams Lic# 481011251 (312) 441-0344 Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. chris kostanecki chris peters dave lucas zandy smith jack navarra zeb ripple joe caccamo gregg steele karla zens [ Copyright 2015 Capital Pacific LLC ]