dollar general - loopnet€¦ · dollar general – waterbury, ct investment overview property...

Phone:212.972.3947Fax:212.686.0078dan@exp1031.comwww.exp1031.com

§  DollarGeneralCorp|NYSE:DG|S&PRa5ng:“BBB-”InvestmentGrade

§  Brandnew2017construc5on

§  New15yearabsolutetriplenetLease

§  Upgraded“NewEngland”styleconstruc5on

§  2minutedrivefromtheCountryClubofWaterburyaswellasHolyCrossHighSchool(private)

§  RetailersinvicinityincludeIGA,RiteAid,WellsFargo,TDBank,WebsterBank,MobilandD&D

§  5mileradius:popula5onof160,000+/-peoplewithaveragehouseholdincomeabove$68,000

Dollar General

355 Fairfield Ave – Waterbury, CT

Price: $1,917,860 | NOI: $115,072 | CAP: 6 %

Thisinforma5onhasbeenobtainedfromsourcesdeemedreliable,howeverEXPRealtyAdvisorsdoesnotguarantee,warrantyorrepresentitsaccuracy.ItisthePurchaser’sresponsibilitytoindependentlyconfirmtheaccuracyandcompletenessoftheinforma5oncontainedherein.

NotSubjectProperty

exclusivelis*ng

Dollar General – Waterbury, CT Investment Overview

PROPERTYOVERVIEW:EXPRealtyAdvisorsexclusivelypresentsforsaleabrandnewDollarGeneral locatedinWaterbury,CTonFairfieldAvenue.Thebuildingisbeingconstructedinanupgraded“NewEngland”styleandrentisexpectedtocommenceinSeptember2017.Thebuildingwillbe7,500+/- sfon .87acresof land.Theproperty is locatedat thehard-cornerintersec5onof FairfieldAvenueandWesley Street.With in a2minutedriveof theproperty areHolyCrossHighSchool,whichisprivateandhasapproximately500students,aswellastheCountryClubofWaterbury.TheCountryClubofWaterburyisaprivate,18-holeDonaldRossdesignedcourse. Interstate-84,whichcanbereachedviaa5minute drive to the north, has average daily traffic counts above 78,000 VPD near this loca5on. Retailers in theimmediatetradeareaincludeRiteAid,IGA,WellsFargo,TDBank,WebsterBank,Mobil&DunkinDonuts.Within5milesofthepropertythereareapproximately160,000peoplewithanaveragehouseholdincomeof$68,000.LOCATIONOVERVIEW:WaterburyisacityinthestateofConnec5cutontheNaugatuckRiver,33milessouthwestofHariordand77milesnortheastofNewYorkCity.ItisthefijhmostpopulouscityinthestateofConnec5cut,theninthinNewEngland,and the tenth in the greater New York CityMetropolitan Area. Located in NewHaven County, the city had anes5mated popula5onof110,366atthe2010UnitedStatesCensus,withapopula5ondensityof3,866peoplepersquaremile.LEASESUMMARY:RentCommencement: September1st,2017(an5cipated) LeaseExpira5onDate: September2032CurrentRent: $115,072Op5ons: Three–(5)yearop5onsOp5onsEscala5ons: 10%every5yearsLeaseType: AbsoluteTripleNetTENANTOVERVIEW:DollarGeneral|NYSE:DG|S&PRaOng:BBB-InvestmentGradeDollarGeneralCorpora5onoperatesasthecountry’slargestsmall-boxdiscountretailerwithstoresinthesouthern,southwestern,midwestern,andeasternUnitedStates.Thestoresaretypically located in localneighborhoodsandsmall communi5es.DollarGeneral offers bothname-brandand genericmerchandise—includingoff-brand goodsand closeouts of name-brand items. In 2007Kohlberg Kravis Roberts&Co. (KKR) (NASDQ: KKR) acquiredDollarGeneral,priva5zedthecompanyfor restructuring,andtookthecompanypublicagain in2009.Asof January29,2016,itoperated12,483storeslocatedin43statesandrankswithintheFortune500Companies.

INVESTMENTSUMMARYPrice: $1,917,860 CapRate: 6%NNNRent: $115,072Bld.SqFt: 7,500LandSize: 0.87ACLeaseType: AbsoluteNNN

INVESTMENTOVERVIEWThisinforma5onhasbeenobtainedfromsourcesdeemedreliable,howeverEXPRealtyAdvisorsdoesnotguarantee,warrantyorrepresentitsaccuracy.

ItisthePurchaser’sresponsibilitytoindependentlyconfirmtheaccuracyandcompletenessoftheinforma5oncontainedherein.

Dollar General – Waterbury, CT Investment Overview

SITEPLANThisinforma5onhasbeenobtainedfromsourcesdeemedreliable,howeverEXPRealtyAdvisorsdoesnotguarantee,warrantyorrepresentitsaccuracy.

ItisthePurchaser’sresponsibilitytoindependentlyconfirmtheaccuracyandcompletenessoftheinforma5oncontainedherein.

Dollar General – Waterbury, CT Aerial

Thisinforma5onhasbeenobtainedfromsourcesdeemedreliable,howeverEXPRealtyAdvisors,Inc.doesnotguarantee,warrantyorrepresentitsaccuracy.ItisthePurchaser’sresponsibilitytoindependentlyconfirmtheaccuracyandcompletenessoftheinforma5oncontainedherein. AERIAL

FAIRFIELD AVE

Dollar General – Waterbury, CT Aerial

Thisinforma5onhasbeenobtainedfromsourcesdeemedreliable,howeverEXPRealtyAdvisors,Inc.doesnotguarantee,warrantyorrepresentitsaccuracy.ItisthePurchaser’sresponsibilitytoindependentlyconfirmtheaccuracyandcompletenessoftheinforma5oncontainedherein. AERIAL

RT-30:45,158VPD

I-84:78,248VPD

RT-35:79,893VPD

I-84:117,236VPD

Dollar General – Waterbury, CT Location Map

LOCATIONMAPThisinforma5onhasbeenobtainedfromsourcesdeemedreliable,howeverEXPRealtyAdvisorsdoesnotguarantee,warrantyorrepresentitsaccuracy.

ItisthePurchaser’sresponsibilitytoindependentlyconfirmtheaccuracyandcompletenessoftheinforma5oncontainedherein.

Dollar General – Vernon, CT Demographic Data

Thisinforma5onhasbeenobtainedfromsourcesdeemedreliable,howeverEXPRealtyAdvisorsdoesnotguarantee,warrantyorrepresentitsaccuracy.ItisthePurchaser’sresponsibilitytoindependentlyconfirmtheaccuracyandcompletenessoftheinforma5oncontainedherein. DEMOGRAPHICDATA

ContactUs

EXPRealtyAdvisors52VanderbiltAve

Suite#2014NewYork,NY10017www.exp1031.com

OurTeam

DanieldeSa‘

DirectorofSalesPhone:(212)972-3947

E-mail:dan@exp1031.com

RobertP.JamesPresident

Connec5cutRELicense:REB.0791518

Radius 3Mile 5Mile 10Mile

PopulaOon:2022Projec5on 84,857 160,863 301,3092017Es5mate 85,667 162,072 303,2542010Census 88,167 164,785 306,260Growth2017-2022 (0.95%) (0.75%) (0.64%)Growth2010-2017 (2.84%) (1.65%) (0.98%)2017Popula5onHispanicOrigin 27,081 42,536 49,994

2017PopulaOonbyRace:White 63,647 124,341 254,459Black 16,293 27,259 31,677Am.Indian&Alaskan 846 1,317 1,630Asian 2,053 4,134 8,418Hawaiian&PacificIsland 97 167 234Other 2,731 4,853 6,835

U.S.ArmedForces: 40 68 85Households:

2022Projec5on 32,626 61,736 114,9452017Es5mate 32,937 62,211 115,6972010Census 33,897 63,301 116,818Growth2017-2022 (0.94%) (0.76%) (0.65%)Growth2010-2017 (2.83%) (1.72%) (0.96%)OwnerOccupied 16,855 35,582 80,140RenterOccupied 16,082 26,628 35,557

2017AvgHouseholdIncome $61,941 $68,154 $88,1172017MedHouseholdIncome $46,853 $50,676 $66,6572017HouseholdsbyHouseholdInc:

<$25,000 10,183 16,410 22,052$25,000-$50,000 7,375 14,364 22,150$50,000-$75,000 5,916 11,095 19,798$75,000-$100,000 3,443 6,802 13,936$100,000-$125,000 2,443 5,615 12,517$125,000-$150,000 1,365 2,862 7,790$150,000-$200,000 1,328 2,938 9,488$200,000+ 884 2,124 7,967