representative photo exclusively listed by nnn family ...€¦ · • brand new build-to-suit •...

Representative Photo

Broker of RecordStan WywiczCalkain Companies, [email protected]#9513579

Patrick NuttManaging Partner954.302.7365 [email protected]

Andrew FallonExecutive Managing Director703. 787.4733 [email protected]

Exclusively Listed by

NNN Family DollarNew Bedford, MAOffering Memorandum

Asset Summary

Net Operating Income (NOI) $152,132

Rent/Month $12,677.66

Rent/SF $16.46

Rentable Square Feet 9,180+/- SF

Land Area 1.00+/- Acres

Tenant Family Dollar

Credit Rating S&P: DLTR

Stock Symbol S&P: BBB-

Guarantor Corporate

Ownership Type Fee Simple

Lease Type NNN

Landlord Responsibilities None

Lease Term Remaining 15 Years

Rent Commencement January 21, 2018

Lease Expiration March 31, 2033

Increases 10% in Year 11 Starting April 1, 2028

Options Six (6), Five (5) Year

Investment Highlights

• In fill location with 5 mile population of 132,054

• Brand new build-to-suit

• 15-year absolute NNN lease

• Investment grade tenant S&P: BBB-

• 10% rent increases every 5 years starting in year 11 and into options

• Corporate guaranty

Rent Schedule

Term Increases Annual Rent Monthly RentYears 1-10 - $152,131.92 $12,677.66

Years 11-15 10% $167,345.16 $13,945.43

Years 16-20 (Option 1) 10% $184,079.64 $15,339.97

Years 21-25 (Option 2) 10% $202,487.64 $16.873.97

Years 26-30 (Option 3) 10% $222,736.32 $18,561.36

Years 31-35 (Option 4) 10% $245,010.00 $20,417.50

Years 36-40 (Option 5) 10% $269,511.00 $22,459.25

Years 41-45 (Option 6) 10% $296,462.04 $24,705.17

Asking Price$2,435,000

Cap Rate 6.25%$ %

537 Orchard StreetNew Bedford, MA

Calkain Companies | 2

Financial Summary

About Family Dollar

Dollar Tree Completes Acquisition of Family Dollar• Creates combined organization with sales exceeding $19 billion annually with

more than 13,600 stores across 48 states and five Canadian provinces

CHESAPEAKE, VA – July 6, 2015 – Dollar Tree, Inc. (Nasdaq: DLTR), North America’s leading operator of discount variety stores selling everything for $1 or less, announced today that it has completed the acquisition of Family Dollar Stores, Inc., a leading national discount retailer offering name brands and quality, private brand merchandise.

About Dollar TreeDollar Tree, Inc. is an American chain of discount variety stores that sells items for $1 or less. A Fortune 500 company, Dollar Tree is headquartered in Chesapeake, Virginia, and operates 13,600 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of ten distribution centers. The company operates one-dollar stores under the names of Dollar Tree and Dollar Bills. The company also operates a multi-price-point variety chain under the name Deals.

Dollar Tree competes in the dollar store and low-end retail markets. Each Dollar Tree stocks a variety of products including national, regional, and private-label brands. Departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal décor, housewares, glassware, dinnerware, household cleaning supplies, candy, toys, gifts, gift bags and wrap, stationery, craft supplies, teaching supplies, automotive, electronics, pet supplies, and books. Most Dollar Tree stores also sell frozen foods and dairy items such as milk, eggs, pizza, ice cream, frozen dinners, and pre-made baked goods.

About Family DollarOne of the nation’s fastest growing retailers, 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.

# of Locations

13,600+

Stock Symbol

Nasdaq: DLTR

Credit Rating

S&P: BBB-

Market Cap

$23.26Bil

Tenant Snapshot


Tenant Overview

Boston, MA

New Bedford, MA

4

93

295

Providence, RI

Worcester, MA

Newport, RI

Martha’s Vineyard, MA

495

Keep all map content (except background) above this margin for website cropping purposes

95

Subject Site

5.8 miles away

Distance To

Newport, RI 32 miles

Providence, RI 33 miles

Boston, MA 61 miles

Martha’s Vineyard, MA 63 miles

Worcester, MA 71 miles

Location Overview


Rural Cemetery

Popes Island

Subject Site

JFK Memorial Hwy 25,000 VPD

Rockdale Ave 11,000 VPD

Orchard St

Fire Department

Acushnet River

Clarks Cove

New Bedford West Beach

537 Orchard Street | New Bedford, MA


Wild Pitch Batting Cages

John B. DeValles Elementary School

Rockdale Ave 11,000 VPD

Orchard Street

Bolton Street

Cafe Italia

Dairy Maid Treeland Florists

Clarks Cove

Subject Site

Location Highlights

Densely Populated Area

11,000 VPD Pass the Site

NNN Lease

Clic

k for Street V

iew

537 Orchard Street | New Bedford, MA


Orch

ard

Stre

et 8

,000

VPD

Site Plan

Site Photos


1 Mile 3 Miles 5 MilesPopulation2017 Population 25,936 88,858 132,054

2022 Population 26,579 90,616 134,597

2017 Median Age 36.2 39.8 39.1

Households2017 Total Households 10,333 36,163 52,128

2022 Total Households 10,563 36,805 53,065

Median Household Income2017 Median HH Income $36,152 $39,811 $42,147

2022 Median HH Income $36,349 $40,268 $42,791

Average Household Income2017 Average HH Income $48,893 $57,405 $59,952

2022 Average HH Income $53,725 $63,488 $66,473

Population 132,054

Median Age 39.1

Average Income $59,952

Total Businesses 4,645

Total Employees 55,311

Net Worth $26,712

5 Mile Radius | Demographics

Location Overview, 1/3/5 Miles


New Bedford, MANew Bedford is a city in Bristol County, Massachusetts, United States. As of the 2016 census, the city had a total population of 95,035, making it the sixth-largest city in Massachusetts. New Bedford is nicknamed “The Whaling City” because during the 19th century, the city was one of the most important, if not the most important, whaling ports in the world, along with Nantucket, Massachusetts and New London, Connecticut. The city, along with Fall River and Taunton, make up the three largest cities in the South Coast region of Massachusetts.

New Bedford harbor located on the SouthCoast of Massachusetts on Buzzards Bay is America’s Number #1 Fishing Port. The Seaport supports a unique blend of commercial and recreational boats! Imagine rowing crews thriving next to fishing vessels. Freighters, ferries, cruise ships, excursion and recreational boats are all welcome in our Harbor.

In addition to being the highest value fishing port in the United States, the Port also handles cargo, and several forms of recreational boating are located throughout the Harbor. In 2015, an estimated 140 million pounds of seafood landed at the Port of New Bedford.

This seafood was harvested and processed by local fleet operators and processors located in New Bedford. The 40 plus processors not only processed this locally-caught seafood, but also an additional 250 million pounds of seafood from around the world.

The non-seafood cargo handled at the Port totaled 280,000 tons in 2015 and included petroleum, aggregates, and imported fruit.

The Harbor is also home to many recreational boating activities such as water taxis, ferries,and seven recreational marinas that moored approximately 570 recreational boats in the 2015.

Total Economic Value

$9.8 Billion

Port Job Activity

36,578

Calkain Companies |10

Market Overview

About UsCalkain Companies LLC is a boutique commercial real estate investment banking firm that provides consulting and brokerage services to both private and institutional clientele with a focus on single tenant net lease investments. It prides itself on being an innovative leader by providing its clients a full array of commercial real estate investment brokerage and asset management solutions, including advisory, research, debt and equity placement and wealth management.

Calkain has built solid, lasting relationships that have been the cornerstone of how they do business. Calkain approaches each assignment with an eye toward each client’s individual needs. Whether private or institutional investors, Calkain delivers real estate solutions that maximize value while building wealth for all of its clients.

At Calkain, their foresight and innovation are leading the net lease investment industry.

Building a solid foundation for your investment portfolio

calkain.com

Disclaimer: The information contained in this document is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Calkain and its subsidiaries, and should not be made available to any other person or entity without the written consent of Calkain. This document has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property(s). The information contained herein is not a substitute for a thorough due diligence investigation. Calkain and its subsidiaries have not made any investigation, and make no warranty or representation, with respect to the income or expenses for the subject property(s), the future projected financial performance of the property, the size and square footage of the property(s) and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with 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(s). The information contained in this document has been obtained from sources we believe to be reliable; however neither Calkain and its subsidiaries nor the Seller have verified, and will not verify, any of the information contained herein, nor has Calkain and its subsidiaries or the Seller conducted any investigation regarding these matters and make 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.

$12 Billion in Closed Transactions

$350 Million

in Active Listings

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Boston 101 Federal St | Ste 1900 Boston, MA 02110 Tel: 617.261.8584

Philadelphia 3477 Corporate Pkwy | Ste 100 Center Valley, PA 18034 Tel: 610.410.5410

representative photo exclusively listed by nnn family ...€¦ · • brand new build-to-suit •...

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