family dollar | parshall, nd · parshall, nd is a city within the jurisdictional boundaries of the...
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FAMILY DOLLAR | PARSHALL, ND
C O N F I D E N T I A L O F F E R I N G M E M O R A N D U M
REPRESENTATIVE PHOTO
This confidential Offering Memorandum, has been prepared by Blue West Capital, LLC (“Blue West Capital”) for use by a limited number of qualified parties. This Offering Memorandum has been provided to you at your request based upon your assurances that you are a knowledgeable and sophisticated investor in commercial real estate projects and developments. Blue West Capital recommends you, as a potential buyer/investor, should perform your own independent examination and inspection of the property described herein as Family Dollar in Parshall, ND (the “Property”) and of all of the information provided herein related to the Property. By accepting this Offering Memorandum, you acknowledge and agree that you shall rely solely upon your own examination and investigation of the Property and you shall not rely on any statementsmade in this Offering Memorandum or upon any other materials, statements or information provided by Blue West Capital or its brokers.
Blue West Capital makes no guarantee, warranty or representation about the completeness or accuracy of the information set forth in this Offering Memorandum. You are responsible to independently verify its accuracy and completeness. Blue West Capital has prepared the information concerning the Property based upon assumptions relating to the general economy, its knowledge of other similar properties in the market, and on other market assumptions including factors beyond the control of the Blue West Capital and the Owner of the Property. Blue West Capital makes no representation or warranty as to either the accuracy or completeness of the information contained herein, and the information set forth in this Offering Memorandum in not intended to be a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be accurate, Blue West Capital and the Property Owner disclaim any responsibility or liability for any inaccuracies. Further, Blue West Capital and the Property Owner disclaim any and all liability for any express or implied representations and warranties contained in, or for any omissions from, the Offering Memorandum and for any other written
or oral communication transmitted or made available to you. Blue West Capital shall make available to you, as a qualified prospective investor, additional information concerning the Property and an opportunity to inspect the Property upon written request.
This Offering Memorandum and the contents are intended to remain confidential except for such information which is in the public domain or is otherwise available to the public. By accepting this Offering Memorandum, you agree that you will hold and treat Offering Memorandum in the strictest confidence, that you will not photocopy or duplicate it, or distribute it. You agree you will not disclose this Offering Memorandum or its contents to any other person or entity, except to outside advisors retained by you and from whom you have obtained an agreement of confidentiality, without the prior written authorization of Blue West Capital. You agree that you will use the information in this Offering Memorandum for the sole purpose of evaluating your interest in the Property. If you determine you have no interest in the property, kindly return the Offering Memorandum to Blue West Capital at your earliest convenience.
Disclaimer
P . 2F A M I LY D O L L A R P A R S H A L L , N D
I N V E S T M E N T H I G H L I G H T S
I N V E S T M E N T O V E R V I E W
S I T E P L A N
M A P S & D E M O G R A P H I C S
L O C A T I O N O V E R V I E W
T E N A N T O V E R V I E W
Table ofContents
R O B E R T E D WA R D S
Managing Partner
720.966.1630
7 2 0 . 9 8 9 . 1 0 3 11 0 6 2 D E L A W A R E S T R E E TD E N V E R , C O 8 0 2 0 4B L U E W E S T C A P I T A L . C O M
Z A C H W R I G H T - L E A D
Director, Net Lease Investment Sales
720.966.1628
T O M E T H I N G T O N
Managing Partner
720.966.1624
B R A N D O N G AY E S K I
Associate Advisor
720.966.1627
Brand New Build-to-Suit Construction
• Family Dollar has over 8,185 locations is a wholly-owned subsidiary of Dollar Tree (S&P: BBB-)
• Brand new 10-year lease that commenced in January 2019
• Increases in each renewal option
• Brand new construction (2019)
• Minimal Landlord responsibilities (roof & structure)
Strategic Market with Presence of Major Oil Field & Indian Reservation
• Strategic location in the home of the Three Affiliated Tribe (16,000+ registered members and 5,200 living on the reservation)
• Located on the Fort Berthold Reservation
• Located on the Parshall Oil Field which spurred the North Dakota oil boom and has an extremely low break-even price of $38/barrel
• High average annual household incomes of over $97,000 within a five-mile radius
• Positioned along ND Highway 1804 which is the primary thoroughfare in the area
• Minimal competition
P . 4F A M I LY D O L L A R P A R S H A L L , N D
3820 72nd Ave NW, Parshall, ND 58770
NNL E A S E T Y P E
$1,318,750P U R C H A S E P R I C E
Family DollarT E N A N T
8.00%C A P R AT E
$105,500N E T O P E R AT I N G I N C O M E
9,160 SFB U I L D I N G S I Z E
January 11, 2019R E N T C O M M E N C E M E N T
1.1 AcresL A N D S I Z E
January 31, 2029L E A S E E X P I R AT I O N
2018Y E A R B U I LT
InvestmentOverview
5% in Each OptionR E N TA L E S C A L AT I O N S
Six 5-YearR E N E WA L O P T I O N S
P . 5F A M I LY D O L L A R P A R S H A L L , N D
SitePlan
Monument Sign
7 2 N D A V E N U E N
P . 6F A M I LY D O L L A R P A R S H A L L , N D
Map &Demographics
TOTAL POPULATIONPOPULATION RESIDENTIAL COUNT AVERAGE HH INCOME
1 mile 875
3 mile 1,187
5 mile 1,266
TOTAL HOUSEHOLDSPOPULATION RESIDENTIAL COUNT AVERAGE HH INCOME
1 mile 312
3 mile 421
5 mile 457
AVERAGE HH INCOMEPOPULATION RESIDENTIAL COUNT AVERAGE HH INCOME
1 mile $96,440
3 mile $96,574
5 mile $97,252
AREA DEMOGRAPHICS
3820 72nd Ave NW, Parshall, ND 58770
P . 7F A M I LY D O L L A R P A R S H A L L , N D
LocationOverview
Parshall, ND is a city within the jurisdictional boundaries of the Mandan, Hidatsa and Arikara Nation. It is located on the Fort Berthold Indian Reservation in Mountrail County, ND.
The Mandan, Hidatsa and Arikara Nation (MHA Nation), also known as the Three Affiliated Tribes, is a Native American National resulting from the alliance of the Mandan, Hidatsa and Arikara peoples, whose native lands ranged across the Missouri River basin extending from present day North Dakota Through western Montana and Wyoming. After the signing of the Fort Laramie Treaty and subsequent taking of land, the Nation’s land base is currently approximately 1 million acres located Fort Berthold Reservation in northwestern North Dakota. The Tribe reported a total enrollment of 16,085 registered tribe members in July 2018. Nearly 5,200 live on the reservation; others live and work elsewhere.
Parshall is arguably best known for its namesake Parshall Oil Field that surrounds the town. The 2006 discovery of the Parshall Field started the North Dakota oil boom. The Parshall Oil Field is an oil field producing from the Bakken Formation and Three Forks Formation. Parshall’s break-even price is at US$38/barrel, which is the lowest on the Bakken Formation; overall, Bakken’s break-even point is of US$62/barrel.
P . 8F A M I LY D O L L A R P A R S H A L L , N D
Family Dollar is an American discount store chain with over 8,185 locations throughout 46 states. It is the second largest retailer of its type in the US. Family Dollar was founded in 1959 by Leon Levine.
Family 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 7,000 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.
Family Dollar was acquired by Dollar Tree on July 6, 2015 for over $9 billion and presently operates as a wholly owned subsidiary of Dollar Tree. Dollar Tree is publicly traded on the NASDAQ (DLTR) and has a market capitalization of approximately $20 billion. Dollar Tree is an investment grade rated company with a Standard & Poor’s rating of BBB-. The combined company has over 56,000 full time employees and approximately 15,000 locations.
T E N A N T W E B S I T E www.familydollar.com
N U M B E R O F LO C AT I O N S 8,185
PA R E N T C O M PA N Y W E B S I T E www.dollartree.com
PA R E N T C O M PA N Y C R E D I T R AT I N G Investment Grade (S&P: BBB-)
PA R E N T C O M PA N Y S TO C K S Y M B O L NASDAQ: DLTR
PA R E N T C O M PA N Y M A R K E T C A P I TA L I Z AT I O N $20 billion
N U M B E R O F LO C AT I O N S 14,835
PA R E N T C O M PA N Y H E A D Q UA R T E R S Chesapeake, VA
TenantOverview
P . 9F A M I LY D O L L A R P A R S H A L L , N D
I N V E S T M E N T C O N T A C T S
7 2 0 . 9 8 9 . 1 0 3 11 0 6 2 D E L A W A R E S T R E E TD E N V E R , C O 8 0 2 0 4B L U E W E S T C A P I T A L . C O M
R O B E R T E D WA R D S
Managing Partner
720.966.1630
Z A C H W R I G H T - L E A D
Director, Net Lease Investment Sales
720.966.1628
T O M E T H I N G T O N
Managing Partner
720.966.1624
B R A N D O N G AY E S K I
Associate Advisor
720.966.1627