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1007CYPRESS AVE.
LOS ANGELES, CA 90065
For more information, please contact:
REZA GHOBADI | Senior Vice President | Lic. 01486779 | +1 818 325 4142 | reza.ghobadi@colliers.comColliers International | 16830 Ventura Boulevard | Encino, CA 91436 | +1 818 905 5800 | www.COLLIERS.com
OFFERING MEMORANDUM
Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2015. All rights reserved.
1007 CYPRESS AVE. | page 2
For more information, please contact:
REZA GHOBADI | Senior Vice President | Lic. 01486779 | +1 818 325 4142 | reza.ghobadi@colliers.comColliers International | 16830 Ventura Boulevard | Encino, CA 91436 | +1 818 905 5800 | www.COLLIERS.comColliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2015. All rights reserved
Investment HighlightDollar Tree is located at 1007 Cypress Avenue in Los Angeles California. The property is a free standing 7,743 square feet building which was completely remodeled to suit Dollar Tree Store in 2013. The building sits on 0.3 Acres lot with an excellent visibility on Cypress Avenue which is a main thoroughfare in North East Los Angeles. Surrounded by single family homes, the Dollar Tree is strategically located just a block away from Aragon Avenue Elementary School and minutes away from 5 & 110 Freeway. In October 2013, Dollar Tree Inc., has signed a 10-year corporate lease with (2) 5-year renewal options. There will be fixed rent increases of $1 per square foot every five year. This is a corporate guarantee triple net lease with minimal landlord responsibilities.
> Triple Net Lease with 6+ years remaining on initial term. > Two 5-year options to extend > Strong National Credit Tenant > Corporate Guarantee by Dollar Tree, Inc. > Rare Opportunity in North East Los Angeles Market > Single Story Freestanding Building > Completely Renovated to Suit in 2013 > Dense Location Surrounded by Single Homes > Excellent Visibility
about the property
CYPRESS
LOOS
MORE
1007 Cypress Ave.
Downtown Los Angeles
1007 CYPRESS AVE. | page 3
For more information, please contact:
REZA GHOBADI | Senior Vice President | Lic. 01486779 | +1 818 325 4142 | reza.ghobadi@colliers.comColliers International | 16830 Ventura Boulevard | Encino, CA 91436 | +1 818 905 5800 | www.COLLIERS.comColliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2015. All rights reserved
DOLLAR TREE, INC. Dollar Tree, Inc. (NASDAQ: DLTR) is an American chain of discount variety
stores that sells every item for $1.00 or less. A Fortune 500 company, Dollar Tree, Inc. was founded in 1986
and is headquartered in Chesapeake, Virginia and operates over 4,600 stores throughout the 48 contiguous
U.S. states and in Canada. Its stores are supported by a nationwide logistics network of nine distribution
centers. The company operates dollar stores under the names of “Dollar Tree” and “Dollar Bills”. The company
also operates a multiprice-point variety chain under the name “Deal$“
Dollar Tree, Inc. operates discount retail stores in the United States and Canada. The company operates in
two segments, Dollar Tree and Family Dollar. The Dollar Tree segment provides consumable merchandise,
including candy and food, and health and beauty care products, as well as everyday consumables, such as
household paper and chemicals, and frozen and refrigerated food; various merchandise, including toys, durable
housewares, gifts, stationery products, party goods, greeting cards, softlines, and other items; and seasonal
goods consisting of Valentine’s Day, Easter, Halloween, and Christmas merchandise. This segment operates
under the Dollar Tree, Dollar Tree Canada, Deals, and Dollar Tree Deals brands, as well as 10 distribution
centers in the United States and 2 in Canada, and a store support center in Chesapeake, Virginia. The Family
Dollar segment offers consumable merchandise, including food, tobacco, health and beauty aids, household
chemicals, paper products, hardware and automotive supplies, diapers, batteries, and pet food and supplies;
home products, such as housewares, home décor, and giftware, as well as blankets, sheets, and towels;
apparel and accessories merchandise, including clothing, fashion accessories, and shoes; and seasonal and
electronics merchandise, such as Valentine’s Day, Easter, Halloween, and Christmas merchandise, as well as
personal electronics consisting of pre-paid cellular phones and services, stationery and school supplies, and
toys. This segment operates under the Family Dollar brand, 11 distribution centers, and a store support center
in Matthews, North Carolina. As of January 30, 2016, the company operated 13,851 stores in 48 states and the
District of Columbia, and 5 Canadian provinces.
1007 CYPRESS AVE. | page 4
For more information, please contact:
REZA GHOBADI | Senior Vice President | Lic. 01486779 | +1 818 325 4142 | reza.ghobadi@colliers.comColliers International | 16830 Ventura Boulevard | Encino, CA 91436 | +1 818 905 5800 | www.COLLIERS.comColliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2015. All rights reserved
Investment overviewAddress 1007 Cypress Avenue,
Los Angeles, CA 90065
Tenant Dollar Tree
Lease Type NNN
Price $2,795,000
CAP 4.6%
NOI $128,000
Price / SF $360.97
Lease Guarantee Corporate
Lease Term 10-Year
1007 Cypress Ave.
1007 CYPRESS AVE. | page 5
For more information, please contact:
REZA GHOBADI | Senior Vice President | Lic. 01486779 | +1 818 325 4142 | reza.ghobadi@colliers.comColliers International | 16830 Ventura Boulevard | Encino, CA 91436 | +1 818 905 5800 | www.COLLIERS.comColliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2015. All rights reserved
Lease SummaryAddress 1007 Cypress Avenue, Los Angeles, CA 90065 Tenant Dollar Tree
Lease Type NNN
Lease Commencement 11/16/2013
Lease Expiration 1/31/2024
Renewal Options 2 x 5-year
Rent Increases $1/SF every 5-year
Roof & Structures Landlord’s Responsibility
Property Tax Tenant’s Responsibility
Property Insurance Tenant’s Responsibility
Repair & Maintenance Tenant’s Responsibility
Common Area Tenant’s Responsibility
Lease Term Lease Year Annual Rent NOI RENT / SF
1-5 11/16/13 – 11/30/18 128,000 $128,000 $16.00
6-10 12/1/18 – 11/30/23 136,000 $136,000 $17.00
Option 1 11-15 12/1/23 -11/30/28 144,000 $144,000 $18.00
Option 216-20 12/1/28 – 11/30/33 152,000 $152,000 $19.00
1007 CYPRESS AVE. | page 6
For more information, please contact:
REZA GHOBADI | Senior Vice President | Lic. 01486779 | +1 818 325 4142 | reza.ghobadi@colliers.comColliers International | 16830 Ventura Boulevard | Encino, CA 91436 | +1 818 905 5800 | www.COLLIERS.comColliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2015. All rights reserved
POPULATION 1 MILE 2 MILE 3 MILE
TOTAL POPULATION 28,555 107,017 286,158
MEDIAN AGE 34.3 34.3 34.1
MEDIAN AGE (MALE) 32.5 32.8 33.1
MEDIAN AGE (FEMALE) 35.4 35.7 35.2
POPULATION 1 MILE 2 MILE 3 MILE
TOTAL POPULATION 28,555 107,017 286,158
MEDIAN AGE 34.3 34.3 34.1
MEDIAN AGE (MALE) 32.5 32.8 33.1
MEDIAN AGE (FEMALE) 35.4 35.7 35.2
HOUSEHOLDS & INCOME 1 MILE 2 MILE 3 MILE
TOTAL HOUSE HOLDS 8,520 32,958 87,661
# OF PERSONS PER HOUSEHOLDS 3.4 3.2 3.3
AVERAGE HH INCOME $64,843 $63,500 $63,148
AVERAGE HOME VALUE $527,844 $548,119 $552,359
RACE & ETHNICITY 1 MILE 2 MILE 3 MILE
WHITE 46.1% 45.1% 46.6%
BLACK 1.1% 1.6% 3.5%
ASIAN 16.0% 17.4% 19.1%
HAWAIIAN 0.4% 0.3% 0.2%
INDIAN 0.7% 0.6% 0.7%
OTHER 33.8% 32.7% 27.3%
ETHNICITY - HISPANIC 70.6% 65.9% 59.2%
Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s). 2016. All rights reserved.
COLLIERS INTERNATIONAL865 S Figueroa Street, Suite 3500
Los Angeles, CA 90017213 627 1214
www.colliers.com
REZA GHOBADISenior Vice PresidentLic. 01486779+1 818 325 4142reza.ghobadi@colliers.com
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