INVESTMENT OPPORTUNITY DOLLAR GENERAL PLUS … · 15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523 INVESTMENT OVERVIEW INVESTMENT OVERVIEW KW Commercial

15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523

Evan K. Langert, Esq.Director-Leasing and Investment Sales 231 Najoles Road, Suite 100Millersville, MD 21108 443.529.0505 direct410.729.7700 o˜ [email protected]

DOLLAR GENERAL PLUS | ABSOLUTE NNNINVESTMENTOPPORTUNITY

RELOCATION STORE


CONFIDENTIALITY AND DISCLAIMERAll materials and information received or derived from KW Commerical / The Langert Group, its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty by KW Commercial / The Langert Group its directors, officers, agents, advisors, or affiliates as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. Neither KW Commercial / The Langert Group its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Commercial / The Langert Group will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.


INVESTMENT O VERVIEW 01INVESTMENT SUMMARY

INVESTMENT OVERVIEW

TENANT 02TENANT OVERVIEW

LOCATION INFORMATION 03LOCATION OVERVIEW

AERIAL MAP

SITE PLAN

SUBJECT PROPERTY PHOTOS

SURROUNDING AREA RETAIL

SURROUNDING AREA DESTINATIONS

DEMOGRAPHICS 04AREA DEMOGRAPHICS

TABLE OF CONTENTS

INVESTMENT

OVERVIEW


INVESTMENT OVERVIEW


INVESTMENT SUMMARY

MARKET PRICECURRENT NOICAP RATEPRICE PER SQ FTRENT PER SQ FT

TENANTGUARANTORLEASE TYPELEASE STARTLEASE ENDBUMPSOPTIONSOPT. BUMPS

$1,747,488

$105,7236.05% Cap$140.02

$8.47

Dolgencorp, LLCDollar General Corporation Absolute NNN Lease

10/201310/2028Flat During TermFive (5 Yr.) Extensions 10% At Each Option

FINANCIAL OVERVIEW

20131.757 Acres12,480Concrete Block Standing Seam Roof Ground Mounted Ample

PROPERTY OVERVIEW

YEAR BUILT ACREAGESQUARE FEET FOUNDATIONROOFHVACPARKING

INVESTMENT HIGHLIGHTS

Absolute NNN Dollar General Plus (Zero Responsibilities) 15 Year Term | Five (5 Yr.) Options | 10% Bumps at Each Relocation StorePopulation Within 5 Miles Exceeds 69,000Daily Traffic Count of 23,807 VPDAverage Household Income Within 5 Miles of $40,949 Corporate Guarantee by DG which Carries a “BBB” Rating

INVESTMENT SUMMARY

LEASE SUMMARY

Evan K. Langert, Esq.Director-Leasing and Investment Sales1111 Benfield Blvd. Suite 250Millersville, MD 21108443.529.0505 direct410.729.7700 o˜ [email protected]


INVESTMENT OVERVIEW

INVESTMENT OVERVIEW

KW Commercial / The Langert Group is pleased to present this 12,480 SF Dollar General Plus store, located in Brunswick, GA. The property is encumbered with a

Fifteen (15) Year Absolute NNN Lease, leaving Zero landlord responsibilities. The leases also contains five (5 Yr.) options, each with a 10% rental rate increase. The

lease is corporately guaranteed by Dollar General which holds an investment grade credit rating of “BBB-”.

The Dollar General is strategically located in Brunswick, GA. In Glynn County. Brunswick offers residents easy access to the barrier islands, affordable housing, a

historic Victo r ian downtown and also hosts the Federal Law Enforcement Training Center. Brunswick is the 2nd largest coastal town in Georgia. The population

within a five mile radius is greater than 69,000 with the median household income within a five mile radius exceeding $40,949. This investment will offer a new

owner continued success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price reflects a 6.05% cap

rate based on NOI of $105,723.

TENANT

OVERVIEW


TENANT OVERVIEW


TENANT OVERVIEW

TENANT OVERVIEW

Dollar General commands a chain of more than 14,000 discount stores in 40 states, primarily in the southern and eastern US, the Midwest, and the Southwest.

Offering basic household items, such as cleaning supplies, health and beauty aids, as well as some apparel and food, it targets low-middle, and fixed income

shoppers. Although it has the word “dollar” in its name, Dollar General is not solely a dollar store. The company offers goods sold at set price points of penny

items up to the range of 50 to 60 dollars. Some of its higher end items include over-the-counter medicines, seasonal products, pet supplies, and pet food

products, prepaid cell phones and accessories, and automotive supplies.

Cal Turner founded J. L. Turner & Son, Inc. in 1939 and opened the first Dollar General Store in Scottsville, Kentucky in June 1955. Since then the company has

grown into the country’s largest small-box discount retailer. Store are generally located in small towns off the radar of giant discounters. Its big-city stores (about

30% of its total) are situated in lower-income neighborhoods. Some 25% of its merchandise is priced at $1 or less.

MARKET CAP$26.87 Billion

14,000+ Locations

2017 SALES$21.99 Billion

COMPANY TYPE Public

2017 NET INCOME$1.25 Billion

S&P CREDITBBB - Investment Grade

RANKED128 on the Fortune 500 List

LOCATION

INFORMATION


LOCATION INFORMATION


Brunswick is a city in and the county seat of Glynn County, Georgia, United States. As the major urban and economic center of the state's lower southeast, it is the second-largest urban area on the Georgia coast after Savannah and contains the Brunswick Old Town Historic District.

British colonists settled the peninsula in 1738 as a buffer to Spanish Florida. It came under provincial control in 1771 and was founded as "Brunswick" after the German duchy of Brunswick–Lüneburg, the ancestral home of the House of Hanover. It was incorporated as a city in 1856. Throughout its history, Brunswick has served as an important port city: in World War II, it served as a strategic military location with an operational base for escort blimps and a shipbuilding facility for the U.S. Maritime Commission.

Brunswick supports a progressive economy largely based on tourism and logistics, with a metropolitan GDP of $3.9 billion.[6] The Port of Brunswick handles approximately 10 percent of all U.S. roll-on/roll-off trade—third in the U.S., behind the ports of Los Angeles and Newark.[7][8][9] The headquarters of the Federal Law Enforcement Training Center is located 5 miles (8 km) north of the central business district of the city and is adjacent to Brunswick Golden Isles Airport, which provides commercial air service to the area. In the 2010 U.S. census, the population of the city proper was 15,383;[1] the urban area, 51,024; and the metropolitan area, 112,370.

Brunswick is located on a harbor of the Atlantic Ocean, approximately 40 mi (60 km) north of Florida and 80 mi (130 km) south of South Carolina. Brunswick is bordered on the west by Oglethorpe Bay, the East River, and the Turtle River. It is bordered on the south by the Brunswick River and on the east by the Atlantic Intracoastal Waterway in the Mackay River, which separates it from the Golden Isles.

LOCATION OVERVIEW


AERIAL MAP


SITE PLAN






SURROUNDING AREA RETAIL


SURROUNDING AREA DESTINATIONS

DEMOGRAPHICS


DEMOGRAPHICS


DEMOGRAPHICS

0 - 1 miles 0 - 3 miles 0 - 5 miles

Population

2010 Population 15,898 36,223 68,577

2014 Population 16,032 36,396 69,532

2019 Population 16,460 37,364 72,015

2010-2014 Annual Rate 0.20% 0.11% 0.33%

2014-2019 Annual Rate 0.53% 0.53% 0.70%

Households

2010 Households 5,939 13,847 26,460

2014 Total Households 5,986 13,902 26,812

2019 Total Households 6,132 14,247 27,732

2010-2014 Annual Rate 0.19% 0.09% 0.31%

2014-2019 Annual Rate 0.48% 0.49% 0.68%

Race and Ethnicity

2014 White Alone 76.1% 62.0% 61.8%

2014 Black Alone 14.4% 28.8% 29.7%

2014 American Indian/Alaska Native Alone 0.5% 0.4% 0.4%

2014 Pacific Islander Alone 1.9% 2.1% 1.6%

2014 Other Race 0.0% 0.2% 0.1%

2014 Two or More Races 4.4% 4.0% 3.9%

2014 Median Household Income $42,605 $38,321 $40,949

2014 Average Household Income $59,592 $52,408 $59,923

Evan K LangertDirector-Leasing and Investment Sales

| [email protected]| 443.529.0505| 410.729.7700

INVESTMENTOPPORTUNITY

DOLLAR GENERAL PLUS 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523

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Documents

INVESTMENT OPPORTUNITY DOLLAR GENERAL PLUS … · 15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523 INVESTMENT OVERVIEW INVESTMENT OVERVIEW KW Commercial