Poplarville FD Sale Brochure (L) · 2019-10-29 · Greer's grocery store and next to numerous...
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• 1 • MORE INFORMATION AVAILABLE BHHSPENFED.COM Broker Associate D. 850.240.0527 [email protected] HARRY BELL Sale Price: $282,850 Lease Type: NN Lease Term Remaining: +/- 6.5 Years Tenant: Family Dollar Building Size: 8,000 SF Lot Size: 0.38 Acres Number Of Units: 1 Price / SF: $35 Cap Rate: 7.05% NOI: $19,935 Rent/SF: $3.67/SF Year Built: 1997 OFFERING SUMMARY PROPERTY OVERVIEW Excellent opportunity to purchase a net leased Family Dollar located in Poplarville, Mississippi. Family Dollar has been at this location since the building was built in 1997 and does well at this store. The tenant recently exercised their renewal option early, showing their commitment to this location. The current lease term has 6 years remaining and expires in December 2025. The 8,000 SF building is situated on approximately +/-.38 acres at the intersection of Jacobs Ave and S Main Street. Family Dollar has 5 X 5-year option periods remaining. The net-leased asset is an ideal opportunity for a passive investor looking for a credit rated corporate-backed asset with an attractive low price point. The tenant has a 12.7% rent bump in the next option period and there are bumps each option. There is the opportunity for percentage rent on top of base rent. Conveniently located in Poplarville, MS near MS-26, the store is across from the Greer's grocery store and next to numerous national retailers in the area. Landlord is responsible for roof, exterior, structure, and major expenses/repairs. Tenant is responsible for interior, non structural portions. Taxes are paid by the Landlord, Tenant reimburses for increase in taxes over the year 1996. Property insurance is paid by the landlord. Tenant is responsible for any insurance increase after the year 1996. FAMILY DOLLAR 1226 S MAIN STREET, POPLARVILLE, MS 39470 EXECUTIVE SUMMARY FOR SALE
Transcript of Poplarville FD Sale Brochure (L) · 2019-10-29 · Greer's grocery store and next to numerous...
• 1 •MORE INFORMATION AVAILABLE
BHHSPENFED.COMBroker AssociateD. 850.240.0527harry.bel [email protected]
HARRY BELL
Sale Price: $282,850
Lease Type: NN
Lease Term Remaining: +/- 6.5 Years
Tenant: Family Dollar
Building Size: 8,000 SF
Lot Size: 0.38 Acres
Number Of Units: 1
Price / SF: $35
Cap Rate: 7.05%
NOI: $19,935
Rent/SF: $3.67/SF
Year Built: 1997
OFFERING SUMMARY PROPERTY OVERVIEWExcellent opportunity to purchase a net leased Family Dollar located in Poplarville, Mississippi. Family Dollar has beenat this location since the building was built in 1997 and does well at this store. The tenant recently exercised theirrenewal option early, showing their commitment to this location. The current lease term has 6 years remaining andexpires in December 2025. The 8,000 SF building is situated on approximately +/-.38 acres at the intersection ofJacobs Ave and S Main Street. Family Dollar has 5 X 5-year option periods remaining. The net-leased asset is an idealopportunity for a passive investor looking for a credit rated corporate-backed asset with an attractive low price point.The tenant has a 12.7% rent bump in the next option period and there are bumps each option. There is the opportunityfor percentage rent on top of base rent. Conveniently located in Poplarville, MS near MS-26, the store is across from theGreer's grocery store and next to numerous national retailers in the area.
Landlord is responsible for roof, exterior, structure, and major expenses/repairs. Tenant is responsible for interior, nonstructural portions.Taxes are paid by the Landlord, Tenant reimburses for increase in taxes over the year 1996.Property insurance is paid by the landlord. Tenant is responsible for any insurance increase after the year 1996.
FAMILY DOLLAR1226 S MAIN STREET, POPLARVILLE, MS 39470
E X E C U T I V E S U M M A R Y
F O R S A L E
• 2 •MORE INFORMATION AVAILABLE
BHHSPENFED.COMBroker AssociateD. 850.240.0527harry.bel [email protected]
HARRY BELL
FAMILY DOLLAR1226 S MAIN STREET, POPLARVILLE, MS 39470
I N C O M E & E X P E N S E S
F O R S A L E
INCOME SUMMARY PER SF
Tenant Reimbursements $2,686 $0.34Gross Scheduled Income $29,350 $3.67
GROSS INCOME $32,036 $4.00
EXPENSE SUMMARY PER SF
Taxes $8,402 $1.05Insurance $2,919 $0.36CAM $780 $0.10
GROSS EXPENSES $12,101 $1.51
NET OPERATING INCOME $19,935 $2.49
• 3 •MORE INFORMATION AVAILABLE
BHHSPENFED.COMBroker AssociateD. 850.240.0527harry.bel [email protected]
HARRY BELL
TENANTNAME
UNITSIZE (SF)
LEASESTART
LEASEEND
ANNUALRENT
% OFGLA
PRICEPER SF/YR
Family Dollar 8,000 9/25/96 12/31/2025 $29,350 100.0 $3.67
Totals/Averages 8,000 $29,350 $3.67
FAMILY DOLLAR1226 S MAIN STREET, POPLARVILLE, MS 39470
R E N T R O L L
F O R S A L E
• 4 •MORE INFORMATION AVAILABLE
BHHSPENFED.COMBroker AssociateD. 850.240.0527harry.bel [email protected]
HARRY BELL
CORPORATE GUARANTOR: FAMILY DOLLAR STORES, INC. (NYSE: FDO, S&P: BBB-), A MEMBER OFTHE FORTUNE 500, IS ONE OF THE FASTEST GROWING DISCOUNT STORE CHAINS IN THE UNITEDSTATES. FAMILY DOLLAR SERVES FAMILIES IN MORE THAN 8,000 NEIGHBORHOODS IN 46STATES. TEXAS IS ITS LARGEST MARKET WITH 1,027 STORES, FOLLOWED BY FLORIDA WITH 584STORES. THE DOLLAR TREE MERGER WITH FAMILY DOLLAR NOW CREATES A COMBINEDORGANIZATION WITH SALES EXCEEDING $19 BILLION ANNUALLY WITH MORE THAN 13,600STORES ACROSS 48 STATES AND FIVE CANADIAN PROVINCES. THE MERGER HAS ALLOWEDFAMILY DOLLAR TO GROW OFFERING BROADER, MORE COMPELLING MERCHANDISEASSORTMENTS, WITH GREATER VALUES, TO A WIDER ARRAY OF CUSTOMERS.FAMILY DOLLAROFFERS A COMPELLING MIX OF MERCHANDISE FOR THE WHOLE FAMILY. RANGING FROM ANEXPANDED ASSORTMENT OF REFRIGERATED AND FROZEN FOODS AND HEALTH AND BEAUTYITEMS TO HOME DÉCOR AND SEASONAL ITEMS, FAMILY DOLLAR OFFERS THE LOWEST POSSIBLEPRICE THE NAME BRAND AND QUALITY PRIVATE-BRAND MERCHANDISE CUSTOMERS NEED ANDUSE EVERY DAY. WHEN IT COMES TO GETTING VALUE FOR EVERYDAY ITEMS FOR THE ENTIREFAMILY IN AN EASY TO SHOP, NEIGHBORHOOD LOCATION, FAMILY DOLLAR IS THE BEST PLACETO GO. ONE OF THE NATION’S FASTEST GROWING RETAILERS, FAMILY DOLLAR OFFERS ACOMPELLING ASSORTMENT OF MERCHANDISE FOR THE WHOLE FAMILY RANGING FROMHOUSEHOLD 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. WHILESHOPPERS CAN FIND MANY ITEMS AT $1 OR LESS, MOST ITEMS IN THE STORE ARE PRICEDBELOW $10, WHICH MAKES SHOPPING FUN WITHOUT STRETCHING THE FAMILY BUDGET.
-PROVEN E-COMMERCE RESILIENT TENANT-RECESSION PROOF BUSINESS MODEL-FAMILY DOLLAR WAS ACQUIRED BY DOLLAR TREE FOR $10 BILLION IN 2015-STRONG BRAND EXPOSURE AND RECOGNITION-NEARLY 8,000 STORES UNDER THE FAMILY DOLLAR BRAND-PARENT TRADE NAME: DOLLAR TREE, INC.
FAMILY DOLLAR1226 S MAIN STREET, POPLARVILLE, MS 39470
T E N A N T P R O F I L E
F O R S A L E
• 5 •MORE INFORMATION AVAILABLE
BHHSPENFED.COMBroker AssociateD. 850.240.0527harry.bel [email protected]
HARRY BELL
FAMILY DOLLAR1226 S MAIN STREET, POPLARVILLE, MS 39470
L O C A T I O N M A P S
F O R S A L E
• 6 •MORE INFORMATION AVAILABLE
BHHSPENFED.COMBroker AssociateD. 850.240.0527harry.bel [email protected]
HARRY BELL
POPULATION 1 MILE 5 MILES 10 MILES
Total population 830 5,496 12,219
Median age 30.9 33.2 37.0
Median age (Male) 24.6 28.3 34.6
Median age (Female) 38.5 39.0 40.0
HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES
Total households 236 1,687 4,190
# of persons per HH 3.5 3.3 2.9
Average HH income $51,437 $50,453 $51,953
Average house value $223,640 $160,520 $160,024
* Demographic data derived from 2010 US Census
FAMILY DOLLAR1226 S MAIN STREET, POPLARVILLE, MS 39470
D E M O G R A P H I C S M A P & R E P O R T
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