nnn dollar general 5 portfolio - loopnet...nnn dollar general 5 unit portfolio 209 us-2 erskine, mn...
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SVN | SILVERI COMPANY | 580 CASCADE WEST PARKWAY, S.E., GRAND RAPIDS, MI 49546 SALE BROCHURE
NNN DOLLARGENERAL 5UNITPORTFOLIO209 US-2ERSKINE, MN 56535
Peter ColvinCouncil Chair of Single Tenant [email protected]
James ParsonsAssociate [email protected]
Frank Jermusek, JDPresident / Managing [email protected]
OFFERING SUMMARY
Sale Price: $6,340,463
Cap Rate: 6.7%
NOI: $424,800
Building Size: 9,100 SF
Price / SF: $696.75
PROPERTY OVERVIEW
The SVN Colvin Team presents this attractive portfolio of 5Absolute Triple Net Leased Dollar Generals in MN. TheseDG's are strategically located to be the primary grocer forthese areas. The areas are Erskine MN, Appleton MN,Backus MN, New York Mills MN, and Red Lake Falls MN.Buying 5 properties from the same, organized seller makesfor a much easier 1031 than buying from 5 different sellers.Take advantage of the as built ALTA surveys, recent cleanphase 1 reports and zoning letters and save nearly$40,000 in third party reports. Excellent financing isavailable if needed. Contact Dollar General Expert PeterColvin at 616-893-1398 or [email protected] to helpyou put together an attractive investment package.
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Property Summary
NNN DOLLAR GENERAL 5 UNIT PORTFOLIO | 209 US-2 , ERSKINE, MN 56535 SVN | Silveri Company | Page 2
INVESTMENT OVERVIEW
Price $6,340,463
Price per SF $696.75
CAP Rate 6.7%
Cash-on-Cash Return (yr 1) 6.79 %
Total Return (yr 1) $212,964
Debt Coverage Ratio 1.34
OPERATING DATA
Gross Scheduled Income -
Other Income -
Total Scheduled Income -
Vacancy Cost -
Gross Income -
Operating Expenses -
Net Operating Income $424,800
Pre-Tax Cash Flow $107,619
FINANCING DATA
Down Payment $1,585,113
Loan Amount $4,755,350
Debt Service $317,181
Debt Service Monthly $26,431
Principal Reduction (yr 1) (Based on proposed new loan with 25% down, 4.5 interest and 25 year Am.) $105,345
Financial Summary
NNN DOLLAR GENERAL 5 UNIT PORTFOLIO | 209 US-2 , ERSKINE, MN 56535 SVN | Silveri Company | Page 3
Current NNN Leased Dollar General Listings The SVN Colvin Team
(Please click on the link to open brochure!)
Appleton, MN 6.7 CAP / $1,323,068 https://buildout.com/docs/documents/637961?token=ea9655a87ff193e6a63083e49d439621923fad91
Backus, MN 6.7 CAP / $1,229,170
https://buildout.com/docs/documents/638035?token=ed4f1d339f168b1212632ec61882399bc976775d
New York Mills, MN 6.7 CAP / $1,308,976 https://buildout.com/docs/documents/644744?token=5b3ab9cfd6477c4e1ab3af393d5631937809cbdd
Red Lake Falls, MN 6.7 CAP / $1,256,756
https://buildout.com/docs/documents/644763?token=956bd94f011204bec3c87de32073f42ece3d0bfe
Erskine, MN 6.7 CAP / $1,222,293 https://buildout.com/docs/documents/644830?token=17c575f282eb844fdb5a19704e1b9ba70834189f
The SVN Colvin Team: Dollar General Specialists [email protected] /616-893-1398/ www.svncd.com
NNN DOLLAR GENERAL 5 UNIT PORTFOLIO | 209 US-2 , ERSKINE, MN 56535 SVN | Silveri Company | Page 5
NNN DOLLAR GENERAL 5 UNIT PORTFOLIO | 209 US-2 , ERSKINE, MN 56535 SVN | Silveri Company | Page 6
NNN DOLLAR GENERAL 5 UNIT PORTFOLIO | 209 US-2 , ERSKINE, MN 56535 SVN | Silveri Company | Page 7
580 Cascade West Parkway, S.E.Grand Rapids, MI 49546T 616.893.1398C [email protected]
PROFESSIONAL BACKGROUND
Peter and his son Chris have built a very strong national practice helpingpeople buy and sell quality single tenant investment real estate leased longterm to strong tenants.
Peter serves as the Chairman of the National Single Tenant Group for SVN.He is consistently one of the “Top 10 Advisors in America” for the companyout of 1600 + Advisors.
Peter has over 10 years of investment real estate experience and hascompleted nearly two billion dollars in transactions.
Peter specializes in 1031 Exchanges. He helps clients exchange theirmanagement intensive properties into safe, long term "mailbox" moneypassive investments. His SVN Teammates count on Peter to handle theirclients' 1031's as well.
Peter hosts The National Single Tenant Call and has been a featured speakerat national conferences and events.
Peter has won numerous local, regional, and national awards, including TheCoStar Power Broker Award and The Partner Circle Award (SVN's highesthonor) for many consecutive years. He was voted The SVN Team Player ofthe Year for back to back years.
Peter and Chris helped create "The Dollar General Fund" which owns newNNN leased Dollar Generals that investors can purchase units in for longterm cash flow.
Peter and Chris co-founded “Easy Leasebacks" which has become a verypopular vehicle for growing companies to use real estate equity to creativelyfund their growth.
Colvin earned degrees in business and music from Aquinas College in GrandRapids, Michigan, where he resides with his wife, Deb and sons. He enjoysgoing on adventures with his cool wife Deb, playing football with his collegemiddle linebacker Cody and playing tennis and growing the business with hisson Chris.
EDUCATION
Degrees in Business and Music from Aquinas College in Grand Rapids MI.
PETER COLVIN
Council Chair Of Single Tenant Investments
NNN DOLLAR GENERAL 5 UNIT PORTFOLIO | 209 US-2 , ERSKINE, MN 56535 SVN | Silveri Company | Page 8
Disclaimer
NNN DOLLAR GENERAL 5 UNIT PORTFOLIO | 209 US-2 , ERSKINE, MN 56535 SVN | Silveri Company | Page 9
The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of theproperty within and is not to be used for any other purpose. This information should not, under any circumstances, bephotocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or usedfor any purpose whatsoever other than to evaluate the possible purchase of the Property.
The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed inthis proposal, and no other person is authorized by the Owner to provide any information or to make anyrepresentations other than contained in this Offering Brochure. If the person receiving these materials does not chooseto pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.
Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy orcompleteness of the information contained herein, and nothing contained herein is or shall be relied upon as a promiseor representation as to the future representation of the Property. This Offering Brochure may include certain statementsand estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there canbe no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and allliability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, orany other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled torely solely on those representations and warranties that may be made to it in any final, fully executed and delivered RealEstate Purchase Agreement between it and Owner.
The information contained herein is subject to change without notice and the recipient of these materials shall not lookto Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates,for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conducttheir own comprehensive review and analysis of the Property.
This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expresslyreserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property andexpressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any timewith or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed RealEstate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, aprospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and theSVN Advisor from any liability with respect thereto.
To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchasershould not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate PurchaseAgreement shall bind the property and each prospective purchaser proceeds at its own risk.