❖ 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 Construction
• Rent Commenced: March 2017
• NNN – No Landlord Responsibilities
• Average HHI at 1-Mile Radius: $73K+
• Population at 5-Mile Radius: 35K
DOLLAR GENERAL
Absolute NNN
Ocean Springs, MS
* Actual location not shown *
PURCHASE PRICE: $1,479,308(CAP RATE 6.50%)
DOLLAR GENERAL — NNN LEASE
3787 Greyhound Way – Ocean Springs, MS 39564
Initial Rent
Commencement:
March 22, 2017
Lease Expiration: March 31, 2032
Initial Lease Term: 15-Year - NNN
Renewal Options: Four (4) / 5 Year Renewals
Rent Increases: 10% in Options
Building Size: 9,100 Square Feet
Land Size: Approx. 1.23 Acres
Parking: Adequate
Area Tenants:
Ocean Springs High School, Fountainbleau Community Center, Fire Department, Circle K
Demographics: 1-MILE 3-MILE 5-MILE
Population: 617 15,706 35,070
Median Income: $60,882 $61,194 $57,071
Average Income: $73,104 $77,957 $74,201
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
* Actual location not shown *
Ocean Springs, MS
❖ 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: $1,479,308(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 VIEWPURCHASE PRICE: $1,479,308
(CAP RATE 6.50%)
DOLLAR GENERAL — NNN LEASE
FountainbleauFire Department
& Community Center Ocean Springs
High School(1,662+ Students)
❖ 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 -
NEIGHBORHOODS
PURCHASE PRICE: $1,479,308(CAP RATE 6.50%)
DOLLAR GENERAL — NNN LEASE
Toulon Apartments (240 Units)
Ocean Estates (125 Lots)
Fairfield Subdivision(50 Lots)
Pinehurst Estates(275 Lots)
Oakleigh Subdivision(46 Lots)
The Village SubdivisionPhase 1 (22 Lots)
Palmetto Pointe Subdivision(124 Lots)
❖ 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: $1,479,308(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: 2014
DOLLAR GENERAL — NNN LEASE
PURCHASE PRICE: $1,479,308(CAP RATE 6.50%)
Red: 1 Mile Radius
10,000
❖ 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: 2001
DOLLAR GENERAL — NNN LEASE
PURCHASE PRICE: $1,479,308(CAP RATE 6.50%)
Red: 1 Mile RadiusGreen: 3 Mile RadiusBlue: 5 Mile Radius
20,000
33,000
9,000
48,000
40,000
4,300
43,000
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: $1,479,308
(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: 01/04/2017 - Source: http://finance.yahoo.com/q?s=dg
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