DOLLAR GENERAL Absolute NNN Bellaire, OH · PURCHASE PRICE: $1,348,109 (CAP RATE 6.50%) DOLLAR...

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Transcript of DOLLAR GENERAL Absolute NNN Bellaire, OH · PURCHASE PRICE: $1,348,109 (CAP RATE 6.50%) DOLLAR...

The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.

• Brand New – 15-Year Lease Term

• Rent Commences: December 2016

• NNN – No Landlord Responsibilities

• Limited National Competition within 5-

Mile Radius

• Average HHI at 1-Mile: $62K

DOLLAR GENERAL

Absolute NNN

Bellaire, OH

* Actual location not shown *

PURCHASE PRICE: $1,348,109(CAP RATE 6.50%)

DOLLAR GENERAL — NNN LEASE

53849 Pike Street – Bellaire, OH 43906

Initial Rent

Commencement: December 7, 2016

Lease Expiration: December 6, 2031

Initial Lease Term: 15-Year - NNN

Renewal Options: Four (4) / 5 Year Renewals

Rent Increases: 10% in Options

Building Size: 9,026 Square Feet

Land Size: Approx. 1.77 Acres

Parking: Adequate

Area Tenants:

U.S. Post Office, American Legion, Fire Department, Bellaire Elementary & Middle School

Demographics: 1-MILE 3-MILE 5-MILE

Population: 1,035 4,421 20,245

Median Income: $53,040 $44,726 $35,266

Average Income: $62,183 $54,079 $46,833

Tenant

Responsibility:RE Taxes, Insurance, Structure,Roof, HVAC & Parking LotMaintenance

Lessor

Responsibility: None – Triple Net

Lease

Guarantor:Dollar General CorporationNYSE: DG

The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.

CONTACT INFORMATIONGregory Fitzgerald

(800) 385-6421

www.tri-oak.com

gfitz@tri-oak.comOH Broker of Record #BRK.2012000489

Jay Goodman

Harvey Goodman Realtor

* Actual location not shown *

Bellaire, OH

The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.

AERIAL VIEW OF SITE PURCHASE PRICE: $1,348,109(CAP RATE 6.50%)

DOLLAR GENERAL — NNN LEASE

The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.

AERIAL VIEW WITH

AREA TENANTS

PURCHASE PRICE: $1,348,109(CAP RATE 6.50%)

DOLLAR GENERAL — NNN LEASE

Bellaire Middle School

(513 Students)Bellaire Elementary

School(551 Students)

American Legion

Neff’s Fire Department

The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.

DOLLAR GENERAL — NNN LEASE

Red: 5 Mile Radius

MAP WITH DISCOUNT

RETAILERS AT 5-MILE RADIUS

PURCHASE PRICE: $1,348,109(CAP RATE 6.50%)

The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.

Traffic Counts Data from: 1996

DOLLAR GENERAL — NNN LEASE

PURCHASE PRICE: $1,348,109(CAP RATE 6.50%)

Red: 1 Mile Radius

3,740

The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.

Traffic Counts Data from: 2002

DOLLAR GENERAL — NNN LEASE

PURCHASE PRICE: $1,348,109(CAP RATE 6.50%)

Red: 1 Mile RadiusGreen: 3 Mile RadiusBlue: 5 Mile Radius

26,050

54,670

26,050

6,300

3,390

DOLLAR GENERAL — NNN LEASE

The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.

SITE PLANPURCHASE PRICE: $1,348,109

(CAP RATE 6.50%)

Source: https://investor.shareholder.com/dollar/index.cfm

The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.

Corporate Profile

The above information has been secured by sources deemed to be reliable, Tri-Oak Consulting Group makes no representations or warranties expressed or implied as to the accuracy of the above information. References to square footage or age are approximate. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject to verification and no liability for errors or omissions are assumed.

As of: 08/23/2016 - Source: http://finance.yahoo.com/q?s=dg