dollar general - dierks, ar

DIERKS, AR

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DOLLAR GENERAL

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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. © 2015 Vitorino Group

PRICING & FINANCIAL ANALYSIS

Offering Summary

Price $371,333

Cap Rate 9.00%

Net Operating Income (NOI) $33,420

Year Built 1999

Gross Leasable Area (GLA) 8,625 SF

Lot Size 1.83 Acres

LeaSe Summary

Lease Term 22 Years

Lease Commencement 9/01/1999

Lease Expiration 8/31/2021

Remaining Term 6 Years

Lease Type NN

Roof & Structure Landlord

Increases In Option Periods

Options 2 x 5

Options to Purchase None

AnnuAlized OperAting dAtA

Years Commencement Annual Rent Increase

Years 1-17 9/01/1999 $28,800 -

Years 8-10 9/01/2006 $31,200 8.33%

Years 11-22 9/01/2009 $33,420 7.12%

Option 1: Years 23-27 9/01/2021 $36,915 10.46%

Option 2: Years 28-32 9/01/2026 $40,193 8.88%

net OperAting incOme $33,420

Dollar General1130 Main AvenueDierks, AR 71833


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DOLLAR GENERAL


TENANT & LEASE INFORMATION

TenanT Summary

Tenant Name Dollar General

Ownership Public

Ticker Symbol DG

Exchange NYSE

Market Cap 20.0 Billion

Sales Volume 19.7 Billion

Number of Locations 12,198+

Years In Business 76 Years

Headquarters Goodlettsville, TN

Website www.dollargeneral.com

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. Dollar General’s successful prototype makes shopping a truly hassle-free experience, by designing small neighborhood stores that offer the most popular brands. In recent years, the chain has started constructing more stand-alone stores, typically in areas not served by another general-merchandise retailer. Dollar General offers both name brand and generic merchandise in the same store, often on the same shelf. Although it has the word “dollar” in the name, Dollar General is not a dollar store. Most of its products are priced at more than $1.00. It competes in the dollar store format with national chains Family Dollar and Dollar Tree, regional chains such as Fred’s in the southeast, and numerous independently owned stores.

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DOLLAR GENERAL


INVESTMENT HIGHLIGHTS

• Dierks is Home to the Oldest Sawmill in Arkansas, Over 100 Years Old and Operated by Weyerhauser (NYSE:WY)

• Weyerhauser Just Announced a $190 MILLION Renovation to the Dierks Sawmill – Which Will Increase Tax Revenues and Bring in Non-Local Construction Employees

• Very Limited Competition – No Other Dollar Stores and Only One Grocery Store (Locally Owned)

• Tenant Recently Exercised a Renewal Option Showing a Strong Commitment to the Site – Tenant Has Occupied the Building Since 1999

• Located on Main Avenue / US-70

• Strong Corporate Guaranty - $18.9 Billion in Sales in 2014

• Dollar General Has 12,300+ stores in 43 States and Over 109,000 Employees

• Dierks, Arkansas is located in Howard County in Southwest Arkansas. Dierks was originally known as Hardscrabble, but the name was changed to honor Hans Dierks who was the founding father of the Dierks Lumber and Coal Company after the sawmill was built here.



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DOLLAR GENERAL


LOCAL MAP

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DOLLAR GENERAL


REGIONAL MAP

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DOLLAR GENERAL


DEMOGRAPHIC SUMMARY

Geography: 10 Miles

Demographic data © 2010 by Experian/Applied Geographic Solutions.

PoPulation

In the identified area, the current year population is 3,554. The rate of change since 2000 was -2.02%. The five-year projection for the population in the area is 3,626 representing a change of 2.00% from 2015 to 2020. Currently, the population is 49.9% male and 50.1% female. The median age in this area is 40.4, compared to U.S. median age of 37.9.

HouseHolds There are currently 1,436 households in your selected geography. The number of households has changed by 1.04% since 2000. It is estimated that the number of households in your area will be 1,467 five years from now, which represents a change of 2.11% from the current year. The average household size in your area is 2.45 persons.

income In 2015, the median household income for your selected geography is $38,758, compare this to the Entire US average which is currently $53,217. It is estimated that the median household income in your area will be $42,658 five years from now, which represents a change of 9.14% from the current year.

The current year per capita income in your area is $19,350, compare this to the Entire US average, which is $28,597. The current year average household income in your area is $48,835, compare this to the Entire US average which is $74,699.

Race and etHnicity The current year racial makeup of your selected area is as follows: 90.7% White, 2.9% Black, 1.4% Native American and 0.1% Asian/Pacific Islander. Compare these to Entire US averages which are: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 5.7% of the current year population in your selected area. Compare this to the Entire US average of 17.6%.

Housing In 2015, there were 1,116 owner occupied housing units in your area and there were 321 renter occupied housing units in your area. Median home value in the area is $68,087.

emPloyment In 2015, there are 1,504 employees in your selected area, this is also known as the daytime population. Currently 44.3% of employees are employed in white-collar occupations in this geography, and 39.1% are employed in blue-collar occupations. In 2015, unemployment in this area is 7.8%. In 2015, the average time traveled to work was 5 to 9 minutes.

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DOLLAR GENERAL


DEMOGRAPHIC STATISTICS

Traffic cOunTS

5,900

incOme 1 mile 5 mileS 10 mileS

$ 0 - $14,999 35.4% 26.5% 20.7%

$ 15,000 - $24,999 11.6% 11.5% 12.4%

$ 25,000 - $34,999 3.5% 8.4% 11.0%

$ 35,000 - $49,999 20.7% 19.6% 18.1%

$ 50,000 - $74,999 18.4% 19.2% 19.7%

$ 75,000 - $99,999 7.6% 8.5% 9.5%

$100,000 - $149,999 2.0% 4.5% 5.8%

$150,000 - $199,999 0.8% 1.2% 1.7%

$200,000+ 0.3% 0.8% 1.0%

2015 Median Household Income $33,723 $37,024 $38,758

2015 Per Capita Income $15,170 $17,854 $19,350

2015 Average Household Income $37,220 $44,472 $48,835

POPulaTiOn 1 mile 5 mileS 10 mileS

2000 Population 1,031 2,028 3,626

2010 Population 942 1,886 3,486

2015 Population 968 1,927 3,554

2020 Population 993 1,970 3,626

HOuSeHOldS 1 mile 5 mileS 10 mileS

2000 Households 407 763 1,421

2010 Households 383 734 1,403

2015 Households 396 754 1,436

2020 Households 407 773 1,467

2015 Average Household Size 2.36 2.50 2.45

Daytime Population 318 770 1,504

2015 Median Housing Value $44,863 $56,731 $68,087

2000 Owner Occupied Housing Units 65.5% 68.3% 69.6%

2000 Renter Occupied Housing Units 19.1% 17.1% 15.1%

2000 Vacant 15.4% 14.6% 15.3%



2015 Vacant 13.3% 13.5% 15.0%



2020 Vacant 13.4% 13.4% 14.9%

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Vitorino Group and it should not be made available to any other person or entity without the written consent of Vitorino Group. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Vitorino Group.

This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Vitorino Group has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Vitorino Group has not verified, and will not verify, any of the information contained herein, nor has Vitorino Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE VITORINO GROUP AGENT FOR MORE DETAILS.

CONFIDENTIALITY AGREEMENT

Vitorino Group hereby advises all prospective purchasers of Net Leased property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, the Vitorino Group has not and will not verify any of this information, nor has the Vitorino Group conducted any investigation regarding these matters. The Vitorino Group makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. The Vitorino Group expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release The Vitorino Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.

Net Lease Disclaimer

exclusively listed

469.844.8880 | VITORINOGROUP.COM

dollar general - dierks, ar

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