NEW | DOLLAR GENERAL | NET LEASE INVESTMENT · RETAIL PROPERTY FOR SALE PROPERTY INFORMATION 5 This...

NEW | DOLLAR GENERAL | NET LEANEW | DOLLAR GENERAL | NET LEASE INVESSE INVESTMENTTMENT1330 Park Blvd., Orange Cove, CA 93646

RETAIL PROPERTY FOR SFOR SALEALE

PRESENTED BPRESENTED BYY::

GREG AGREG AGUIRREGUIRRE

916.514.5225 [email protected]

FRANK KFRANK KOOZLZLOOWWSKISKI

916.514.5225 [email protected]

CAPITALRIVERS

COMMERCIAL

[email protected]

http://capitalrivers.com/

mailto:[email protected]

https://www.linkedin.com/in/gregaguirre1/

https://www.facebook.com/capitalrivers

https://twitter.com/capitalrivers

RETAIL PROPERTY FOR SFOR SALEALE OCTOCTOBER 23, 20OBER 23, 201717 22

P R O P E R T Y I N FO R M AT I O N

11

LO C AT I O N I N FO R M AT I O N

22

F I N A N C I A L A N A LYS I S

33

D E M O G R A P H I C S

44

CONFIDENTIAL ITY & D ISCLAIMERAll materials and information received or derived from Capital Rivers Commercial its directors,officers, agents, advisors, affiliates and/or any third party sources are provided withoutrepresentation or warranty as to completeness , veracity, or accuracy, condition of the property,compliance or lack of compliance with applicable governmental requirements, developability orsuitability, financial performance of the property, projected financial performance of the property forany party’s intended use or any and all other matters.

Neither Capital Rivers Commercial its directors, officers, agents, advisors, or affiliates makes anyrepresentation or warranty, express or implied, as to accuracy or completeness of the any materialsor information provided, derived, or received. Materials and information from any source, whetherwritten or verbal, that may be furnished for review are not a substitute for a party’s active conduct ofits own due diligence to determine these and other matters of significance to such party. CapitalRivers Commercial will not investigate or verify any such matters or conduct due diligence for a partyunless otherwise agreed in writing. Capital Rivers Commercial is a principle in this transaction.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify allinformation and to conduct their own inspections and investigations including through appropriatethird party independent professionals selected by such party. All financial data should be verified bythe party including by obtaining and reading applicable documents and reports and consultingappropriate independent professionals. Capital Rivers Commercial makes no warranties and/orrepresentations regarding the veracity, completeness, or relevance of any financial data orassumptions. Capital Rivers Commercial does not serve as a financial advisor to any party regardingany proposed transaction. All data and assumptions regarding financial performance, including thatused for financial modeling purposes, may differ from actual data or performance. Any estimates ofmarket rents and/or projected rents that may be provided to a party do not necessarily mean thatrents can be established at or increased to that level. Parties must evaluate any applicablecontractual and governmental limitations as well as market conditions,vacancy factors and otherissues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should bediscussed by the party with a certified public accountant or tax attorney. Title questions should bediscussed by the party with a title officer or attorney. Questions regarding the condition of theproperty and whether the property complies with applicable governmental requirements should bediscussed by the party with appropriate engineers, architects, contractors, other consultants andgovernmental agencies. All properties and services are marketed by Capital Rivers Commercial incompliance with all applicable fair housing and equal opportunity laws.

TABLE OF CONTENTS

NEW | DOLLAR GENERAL | NET LEASE INVESTMENT 1330 P1330 PARK BLARK BLVDVD., ORANGE C., ORANGE COOVE, CA 9VE, CA 936463646

PROPERTY INFORMAPROPERTY INFORMATIONTION11

OFFERING SUMMAROFFERING SUMMARYY

Sale Price: $2,315,042

NOI: $137,748

Lot Size: 1.28 Acres

Year Built: 2017

Building Size: 9,993

Zoning: Commercial

This new 15 year lease features 10% rental escalations in each of the three 5-year renewal optionperiods.The newly constructed 9,993 square foot property is strategically located at the main intersection of Park Blvd.and Anchor Ave. out positioning the other retail in town. Dollar General will serve as a primary convenienceshopping destination for residents inthe area with limited competition. The subject property is located within close proximity to a number of localbusinesses and schools.Dollar General offers both name-brand and generic merchandise including off-brand goods and closeouts ofname-brand items. Although it has the word dollar in the name, Dollar General is not a dollar store. Many of itsofferings are priced at more than one dollar. Dollar General is an investment grade rated company with a Standard& Poor’s rating of BBB. Dollar General is publicly traded on the New York Stock Exchange (Symbol: DG) witha market capitalization in excess of $20 billion. Dollar General operated more than 13,350 stores located in 43states.

PROPERTY OPROPERTY OVERVERVIEWVIEW

PROPERTY HIGHLIGHTPROPERTY HIGHLIGHTSS

• New construction 15 year Dollar General - Under Construction Now

• Part of the Sequoia View Shopping Center w/early Q1 2018 Delivery

• Located at the main intersection in Orange Cove and adjacent to a new AutoZone that is under construction

EXECUTIVE SUMMARY


RETAIL PROPERTY FOR SFOR SALEALE PROPERTY INFORMAPROPERTY INFORMATIONTION 44

RETAIL PROPERTY FOR SFOR SALEALE PROPERTY INFORMAPROPERTY INFORMATIONTION 55

This new 15 year lease features 10% rental escalations in each of the three 5-year renewal optionperiods. The newly constructed 9,993 square foot property is strategically located at the mainintersection of Park Blvd. and Anchor Ave. out positioning the other retail in town. Dollar Generalwill serve as a primary convenience shopping destination for residents in the area with limitedcompetition. The subject property is located within close proximity to a number of local businessesand schools. Dollar General offers both name-brand and generic merchandise including off-brandgoods and closeouts of name-brand items. Although it has the word dollar in the name, DollarGeneral is not a dollar store. Many of its offerings are priced at more than one dollar. Dollar Generalis an investment grade rated company with a Standard & Poor’s rating of BBB. Dollar General ispublicly traded on the New York Stock Exchange (Symbol: DG) with a market capitalization inexcess of $20 billion. Dollar General operated more than 13,350 stores located in 43 states.

PROPERTY OPROPERTY OVERVERVIEWVIEW

The Sequoia View Shopping Center is located at main and main in Orange Cove. Orange Cove isapproximately 35 miles southeast from Fresno, California the sixth largest City in the State. TheProperty is approximately 200 miles northeast of Los Angeles, and approximately 180 milessoutheast of the Bay Area and San Francisco, California.

LLOCAOCATION OTION OVERVERVIEWVIEW

PROPERTY DESCRIPTION


LLOCAOCATION INFORMATION INFORMATIONTION22

RETAIL PROPERTY FOR SFOR SALEALE LLOCAOCATION INFORMATION INFORMATIONTION 77

REGIONAL MAP


LOCATION MAPS




CITY OF ORANGE CCITY OF ORANGE COOVEVEOrange Cove is a comfortable agricultural community located along the easternfoothills of the Sierra Nevada Mountains. Located within 4 hours drive of the SanFrancisco Bay and Los Angeles basin areas, the City lies 35 miles south east ofFresno and a 30 minute drive east of Freeway 99 in central California. The Cityenjoys a year around growing season for hundreds of acres of orange and lemoncitrus fruit, with major packing house operations, surrounding the community.Orange Cove is a destination site for the annual spring Fresno County BlossomTrail event that kicks off the agricultural growing season. It is located within anhour's drive of the Kings Canyon / Sequoia National Park areas for fishing, hikingand family recreational activity.

BOOBOOTH RANCHESTH RANCHESBooth Ranch packing plant is located directly adjacent to the property and is oneof the main packing plants in the area. Founded in 1957 by Otis Booth, Jr., BoothRanches started out with 40 acres near the foothills of the Sierra Nevadas in theSan Joaquin Valley. Today, Booth Ranches is still family owned and operated withacreage stretching from Orange Cove to Maricopa, in Kern County.

LOCATION INFORMATION



SITE PLAN


FINANCIAL ANALFINANCIAL ANALYYSISSIS33

TENANTTENANTNAMENAME

UNITUNITSIZE (SF)SIZE (SF)

LEALEASESESSTTARTART

LEALEASESEENDEND

ANNUANNUALALRENTRENT

% OF% OFGLAGLA

Dollar General Corporation 9,993 Jan 2018 Jan 2033 $137,748 100.0

TTotals/Aotals/Avvereragesages 99,99,9933 $13$1377,,774848

RETAIL PROPERTY FOR SFOR SALEALE FINANCIAL ANALFINANCIAL ANALYYSISSIS 1212

RENT ROLL


DEMOGRAPHICSDEMOGRAPHICS44

POPULAPOPULATIONTION 1 MILE1 MILE 5 MILES5 MILES 10 MILES10 MILES

Total population 1,521 16,926 91,841

Median age 24.4 25.3 28.7

Median age (male) 24.9 25.6 27.7

Median age (Female) 24.2 25.4 29.9

HOUSEHOLDHOUSEHOLDS & INCS & INCOMEOME 1 MILE1 MILE 5 MILES5 MILES 10 MILES10 MILES

Total households 364 4,110 23,265

# of persons per HH 4.2 4.1 3.9

Average HH income $34,921 $42,099 $51,675

Average house value $346,736 $244,177

* Demographic data derived from 2010 US Census

DEMOGRAPHICS MAP


RETAIL PROPERTY FOR SFOR SALEALE DEMOGRAPHICSDEMOGRAPHICS 1414

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