family dollar - Capital Pacific

family
dollar
expanded and relocated store
summer opening
NE Corner of South Main Street and Central Street
Cedartown, GA
REPRESENTATIVE PHOTO
For more info on this opportunity please contact:
RICK SANNER
ZANDY SMITH
BOB SANNER
CHRIS KOSTANECKI
rsanner@capitalpacific.com | (415) 274-2709
CA BRE# 01792433
bsanner@capitalpacific.com | (415) 274-2717
CA BRE# 00869657
Capital Pacific collaborates. Click here to meet the rest of our San Francisco team.
zsmith@capitalpacific.com | (415) 274-2707
CA BRE# 01734525
ck@capitalpacific.com | (415) 274-2701
CA BRE# 01002010
In conjunction with GA Licensed Broker:
Steve Miller, Miller Realty Services, Inc.
(770) 409-0266 | smiller@millerrealtyservices.com
THIS EXPANDED AND RELOCATED STORE WILL OPEN
AND RENT WILL COMMENCE APPROXIMATELY
AUGUST 31, 2015
Investment Highlights
PRICE: $1,506,945
CAP: 7.20%
RENTABLE SF. . . . 8,320 SF
LAND AREA. . . . . . .85 Acres
LEASE TYPE. . . . . . NN (the roof has a 20 year warranty)
YEAR BUILT. . . . . . 2015
INVESTMENT HIGHLIGHTS
This new store has a 10-year base lease with six five-year options, each with a 10%
increase
ATTRACTIVE BUILDING
On the front of the building is stucco-type facing, which is about 7 ft high. The sides,
the rear, and the remainder of the front are metal (see cover page, which is similar
architecture)
STRONG TENANT
The tenant is the second largest dollar store chain with more than $10 billion in
sales
REPRESENTATIVE PHOTO
FAMILY DOLLAR | 2
REPRESENTATIVE PHOTO
Income & Expense
PRICE
$1,506,945
Capitalization Rate:
7.20%
Total Rentable Area (SF):
8,320
Lot Size (acres):
0.85
Year Built:
STABILIZED INCOME
2015
Per Square Foot
Scheduled Rent
$13.04
$108,500
Effective Gross Income
$13.04
$108,500
LESS
Per Square Foot
Taxes
Paid by Tenant
$0.00
Insurance
Paid by Tenant
$0.00
Total Operating Expenses
EQUALS NET OPERATING INCOME
REPRESENTATIVE PHOTO
$0.00
$108,500
This information has been secured from sources we believe to be reliable but we make no representations or warranties,
expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
FAMILY DOLLAR | 3
Rent Roll
TENANT INFO
LEASE TERMS
Tenant Name
Sq. Ft.
Term
Family Dollar
8,320
1
10
Option 1
11
Option 2
Totals:
RENT SUMMARY
Current
Rent
Monthly
Rent
Yearly
Rent
Monthly
Rent/FT
Yearly
Rent/FT
$108,500
$9,042
$108,500
$1.09
$13.04
15
$9,946
$119,350
$1.20
$14.34
16
20
$10,940
$131,285
$1.31
$15.78
Option 3
21
25
$12,034
$144,414
$1.45
$17.36
Option 4
26
30
$13,238
$158,855
$1.59
$19.09
Option 5
31
35
$14,562
$174,740
$1.75
$21.00
Option 6
36
40
$16,018
$192,214
$1.93
$23.10
$9,042
$108,500
$1.09
$13.04
8,320
$108,500
Store will open approximately August 31
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
REPRESENTATIVE PHOTO
FAMILY DOLLAR | 4
Canal Street
278
Cherokee
Elementary
Cedartown
Middle School
CHEROKEE
GOLF AND
COUNTRY CLUB
LY
DAI
13,280
S Main
100
Street
CEDARTOWN SHOPPING CENTER
g Boule
vard
Northside
School
ML Kin
1
NM
ain
East Avenue
278
Str
ee
t
Davi
s Ro
ad
Westside
Elementary
27
27
Cedartown
High School
278
Cedartown
Elementary
278
ATLANTA
278
FAMILY DOLLAR | 5
Site Plan
SITE PLAN KEY
ROAD SIGN
PARCEL OUTLINE:
LAND AREA:
.85 ACRES
BUILDING AREA: 8,320 SF
S. Main Street
INGRESS/EGRESS:
Central Street
REPRESENTATIVE PHOTO
Family Dollar
REPRESENTATIVE PHOTO
ABOUT FAMILY DOLLAR
With over 8,100 stores in 46 states and the District of Columbia,
Family Dollar is the nation’s second largest dollar store. The company
also operates nine distribution centers that are each over 900,000 SF.
Family Dollar targets women shopping for a family earning less
than $40,000 a year. Consumables (food, health, beauty aids, and
household items) account for about two-thirds of sales. Family Dollar
also sells apparel, shoes, and linens.
NUMBER OF EMPLOYEES
50,000
2014 SALES
$10.49 Billion
NUMBER OF LOCATIONS
8,100
Family Dollar stores are low-format and are located in low and middleincome rural and urban areas. Most goods and groceries (national
brands, Family Dollar private labels, and unbranded items) are sold
at a variety of discounted prices, the majority of which are under $10.
For the fiscal year ending August, 2014, sales were $10.49 billion, net
income was $284 million, and net worth was $1.67 billion.
In January 2015, Family Dollar shareholders approved being bought
by Dollar Tree Inc. The new merger plans to keep both brands and
operate both separate dollar store models and will probably take
effect in May.
FAMILY DOLLAR | 7
Location & Demos
ABOUT
CEDARTOWN, GA
Cedartown is the county seat of Polk County and the
principal city of the Cedartown Micropolitan Statistical
Area. As of the 2010 census, the city had a population
of 9,750. The Cedartown Commercial Historic District is
listed on the National Register of Historic Places.
Due to the expansion of U.S. Highway 27, Cedartown
is easily connected to nearby cities such as Atlanta,
Birmingham, and Chattanooga. The nearest major
airport is Hartsfield-Jackson Atlanta International, which
is about 70 miles southeast.
POPULATION
2010
2014
2019
1-Mile
3-Mile
5-Mile
5,793
5,969
6,110
15,800
16,072
16,291
20,205
20,473
20,696
CEDARTOWN
2013 HOUSEHOLD INCOMES
Average
Median
1-Mile
3-Mile
5-Mile
$34,417
$27,485
$42,040
$33,019
$43,182
$34,700
FAMILY DOLLAR | 8
A unique HUMAN
RESULTS-DRIVEN
client experience
REPRESENTATIVE PHOTO
THE CAPITAL PACIFIC EXPERIENCE - OUR DAILY COMMITMENT TO OUR CLIENTS
[ www.CapitalPacific.com ]
RICK SANNER
ZANDY SMITH
BOB SANNER
CHRIS KOSTANECKI
rsanner@capitalpacific.com | (415) 274-2709
CA BRE# 01792433
bsanner@capitalpacific.com | (415) 274-2717
CA BRE# 00869657
zsmith@capitalpacific.com | (415) 274-2707
CA BRE# 01734525
In conjunction with GA Licensed Broker:
Steve Miller, Miller Realty Services, Inc.
(770) 409-0266 | smiller@millerrealtyservices.com
ck@capitalpacific.com | (415) 274-2701
CA BRE# 01002010
Copyright © 2015 [Capital Pacific Real Estate Brokerage Company]