family dollarimages3.loopnet.com/d2/pb7iyd65aompza6uc6hu3i5sz2sxk4wod… · family dollar stores,...
TRANSCRIPT
Highway 21, Niederwald, Texas 78640
FAMILY DOLLARBrand New Construction
Listing Team Contact Info
RENTABLE SF . . . . . . . . . . . . . 8,320 SF PRICE PER SF . . . . . . . . . . . . . $166.37 CURRENT RENT . . . . . . . . . $10.56/SF
investment highlights NEW FAMILY DOLLAR DEVELOPMENT IN
NIEDERWALD, TEXAS
PRICE: $1,384,204CAP: 6.35%
STEVEN [email protected] | (512) 717-4981
CLINT [email protected] | (512) 717-4982
FAMILY DOLLAR | 2
LINK TO EXECUTED LEASE
PROPERTY HIGHLIGHTSKalil Commercial is pleased to offer for sale, a high-quality, single-tenant, net-leased, discount retail asset. The property is estimated to be completed in August 2019 and is being offered free and clear of any debt. It is a unique opportunity for an investor to acquire a well-located, investment-grade, credit-tenant asset in a desirable Texas geography.
INVESTMENT GRADE CREDITCredit is BB+.
STRONG TENANTGenerated $22.4B in 2016.
LEASE HIGHLIGHTS• A new 10-year NN lease with six 5- year options.
• Increases in the base term and options.
• Brand new construction.
• Corporate guaranteed lease.
core characteristics
FAMILY DOLLAR | 3
aerial
FAMILY DOLLAR | 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.
income & expense
PRICE $1,384,204 Price Per Square Foot: $166.37
Capitalization Rate: 6.35%
Total Rentable Area (SF): 8,320
Lot Size (AC): 1.06
STABILIZED INCOME Per Square FootScheduled Rent $10.56 $87,897.00
Effective Gross Income $10.56 $87,897.00
LESS Per Square FootNNN $0.00
NNN $0.00
Taxes
Insurance
EQUALS NET OPERATING INCOME $87,897.00
FAMILY DOLLAR | 5
rent roll
TENANT INFO LEASE TERMS RENT SUMMARY
Tenant Name Sq. Ft. Term Monthly Rent
Yearly Rent
Monthly Rent/FT
Yearly Rent/FT
Family Dollar 8,320 09/01/19 08/31/28 $7,324.75 $87,897.00$0.88 $10.56
Option 1 09/01/29 08/31/34
Option 2 09/01/34 08/31/39
Option 3 09/01/39 08/31/44
Option 4 09/01/44 08/31/49
FAMILY DOLLAR | 6
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.
$8,903.25 $106,839.00$1.07 $12.84
$8,497.33 $101,752.00$1.02 $12.26
$8,075.50 $96,906.00$0.97 $11.65
$7,691.00 $92,292.00$0.92 $11.09
Option 5 09/01/49 08/31/54
Option 6 09/01/54 08/31/59 $9,815.83 $117,790.00$1.18 $14.16
$9,348.42 $112,181.00$1.12 $13.48
site plan
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. FAMILY DOLLAR | 7
COMPANY TYPE: PUBLIC (NYSE: DLTR)
FISCAL 2016 REVENUE $22.4 BILLION
S&P 500 CREDIT RATING BB+
2016 FORTUNE 500 #136
NUMBER OF STORES 14,580+
family dollar was purchased by dollar tree
for $9.1b in 2015
tenant overview
ABOUT FAMILY DOLLARFamily Dollar offers a compelling assortment of merchandise for the whole family ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. While shoppers can find many items at $1 or less, most items in the store are priced below $10, which makes shopping fun without stretching the family budget. The average size of a Family Dollar store is approximately 7,500 square feet, and most stores are operated in leased facilities. This relatively small footprint allows the Company to open new stores in rural areas and small town, as well as in large urban neighborhoods. Within these markets, the stores are located in shopping centers or as free-standing building and all are convenient to the Company’s customer base. Family Dollar was founded in 1959 in Charlotte, North Carolina. Today, there are over 8,100 locations.
On July 6, 2015 Family Dollar was purchased by Dollar Tree for a total of $9.1 billion. Dollar Tree CEO Bob Sasser said the Family Dollar acquisition will allow Dollar Tree “to extend our reach to low-income customers, while strengthening and diversifying our footprint.” For the Family Dollar stores, Dollar Tree said that it will keep the chain’s name, and even work to expand both banners. Dollar Tree also said it will maintain Family Dollar’s headquarters.
Dollar Tree, Inc. is a publicly traded company (NASDAQ: DLTR) with a market capitalization in excess of $22.4 billion. Dollar Tree employs more than 176,000 people and operates over 14,580 locations.
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.
FAMILY DOLLAR | 8
Lubbock 106 Miles, 1 Hour 35 Min
location & demographics
MARKET LOCATION
REGIONAL MAP
ABOUT NIEDERWALD, TXNiederwald is located in eastern Hays County
and northern Caldwell County. Niederwald has
an estimated population of 584, and is
located 15 miles from San Marcos, 26 miles
from Bastrop and 24 miles to Austin.
Highway 21 is the main road in Niederwald with
effortless access to SH-130.
POPULATION
HOUSEHOLD INCOMES
1-Mile 3-Mile 5-Mile
2010 261 2,338 10,903
2018 278 2,518 13,018
2022 323 2,933 15,354
1-Mile 3-Mile 5-Mile
2018 Average $78,464 $81,035 $68,4782018 Median $63,461 $65,508 $57,380
FAMILY DOLLAR | 9
