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Beach City Dollar General I Coastal Access I Upgraded Construction I Generational Investment
Click to View Google Map: 290 Seaside Road SW, Sunset Beach, NC 28486
Highlights• New 15-Year Lease | Zero Landlord Maintenance | Five, Five-Year
Options with 10 Percent Rent Increases
• Strategic Location at Entrance to Area’s Premiere KOA Campgroundwith 84 RV Sites | Minutes from Beaches and Intercoastal Waterway |Access to Nearly Forty Golf Courses
• Directly Across from Ocean Ridge Plantation and Big Cats Golf Resort| Four Renown Golf Courses Holding Numerous Resort Awards andAccolades | 2,500 Resort Style Homes | Hiking, Fishing, Tennis, andSwimming
• Unique One-of-a-Kind Construction | Less Than 1% of Dollar GeneralLocations have an Updated Construction
• Rare Beach City Location | One of Only a Handful of Coastal DollarGeneral Locations | Pride of Ownership Generational Asset
• Tenant is the Nation’s Largest Small-Box Discount Retailer with over16,000 Locations in 45 States
• Standard & Poor’s Investment Grade (S&P. “BBB”) Tenant | The OnlySmall-Box Retailer with Investment Grade Credit | Dollar General has$27.8 Billion in Sales Volume and is Ranked #119 in Fortune 500
Tenant SummaryLease Commencement September 2020Lease Expiration September 2035Original Term 15-Year LeaseOption Term Four, Five-Year OptionsIncreases 10 Percent Per Option Period. Fixed During
BaseGuarantee CorporateLease Type Absolute NetLandlord Responsibilities None
PricingPrice $1,991,280Cap Rate 5.00%Approximate Building Square Footage 9,100 SFYear Built 2020Approximate Lot Size 2.79 Acres
Financing OptionsMultiple financing options are available based on buyer requirements. Please contact listing agents to discuss options in detail.
Approximate Rate 3.80%Loan to Value up to 65%Fixed Term up to 10 yearsAmortization up to 30 years
Annualized Operating DataLease Year Annual Rent Monthly RentYear 1 - 15 $99,564 $8,297Option 1: Year 16 - 20 $109,524 $9,127Option 2: Year 21 - 25 $120,468 $10,039Option 3: Year 26 - 30 $132,516 $11,043Option 4: Year 31 - 35 $145,764 $12,147Option 5: Year 36 - 40 $160,344 $13,362Net Operating Income $99,564
Kevin BoeveSenior Vice President Investments
Tel: (909) [email protected] License: 01247016
Kyle BlattAssociate
Tel: (909) [email protected] License: 02017976
Ben YelmBroker of Record
201 S Tryon St. Suite 1220 Charlotte, NC 28202NC License # 303785Tel: (843) [email protected]
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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap
Representative Rendering
Zero Landlord Maintenance
Multiple Competitive Financing Options
$27.8 Billion in Annual Revenue | More Than Starbucks and Very Close to McDonald’s
30 Straight Years of Sales Growth | 81 Successful Years in Business
Best in Class Industry Leader
Direct Rent Payments
Organized and Automated Landlord Communication
Currently Dollar General could quite possibly be the most desired net leased investment. From 2016 to 2018, including portfolio sales, on average five newly constructed Dollar General locations were purchased by investors every week!
Why Investors & Lenders Love
• Store to remain open
• Current construction to remain on trackfor scheduled openings
Dollar General Ramps Up Hiring Amid Coronavirus Crisis
Click to View Article
Richard KnorrDirector Capital Markets
CA License: 01942509Cell: (760) 446-5766Office: (909) [email protected]
Demographics3 Miles 5 Miles 10 Miles
Population 5,662 20,504 58,935Households 2,521 9,789 27,047Daytime Population 5,543 19,435 53,312Average Household Income $80,584 $74,390 $68,374
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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap
News
Founded 1939 (81 Years Ago)Type PublicHeadquarters Tennessee, United StatesWebsite www.dollargeneral.com
Dollar General (NYSE: DG) is a chain of more than 16,000 discount stores in 45 states, primarily in the South, East, Midwest, and Southwest, offering basic household items, such as cleaning supplies, health, and beauty aids, apparel, and food. The target is low, middle, and fixed-income shoppers. One of Dollar General’s main advantages is that it offers prices as low or lower than Walmart but in more convenient locations.
Rating:BBB
Ranking:#119
Revenue:$27.8 Billion (2019)
# of Locations:16,000+
Number of Units
11,13211,789
12,483 13,32014,534
2013
2014
2015
2016
2017
$23.5
$17.5 $18.9$20.4
$22
2013
2014
2015
2016
2017
Dollar General has more locations than Target and Walmart Combined
Annual Revenue (In Billions)
$25.6
2018
Dollar General Just Keeps on Growing
Dollar General Overview
15,370
2018
$27.8
2019
16,094
2019
Sunset Beach is nestled between North Myrtle Beach to your south, and Wilmington, North Carolina to your north. It is a smaller coastal town that has its own small-town allure and rustic home charm. This region is considered a golf lover’s paradise with over 30 championship courses throughout the county. It’s been lovingly referred to as North Carolina’s “Golf Coast” as there are legendary courses designed by Arnold Palmer, Dan Maples and Fred couples just to name a few. There are private championship golf courses as well as public courses. The area is also known for some of the best beaches, great weather, superb Intracoastal Waterway boating from some of the many cities along the coastline, shopping, top medical care, and fantastic history.
Sunset Beach, FL
Dollar General is Dominating in America. Here’s How it Keeps its Prices so Low
Dollar General Delivers 30th Consecutive Year of Same-Store Sales Growth in 2019
We Shopped at Dollar Tree and Dollar General to See Which Offered a Better Shopping Experience, and the Winner was Unmistakable
Dollar General’s Recent Partnerships And Market Expansion Draw Investors
Look Good for Less: Dollar General’s Makeup Makes Splash Online
Dollar General Newsroom
Wilmington, NC45 Miles Away (52-Minute Drive)
No. 7 Spot on List of Best Towns, Named as the “Next Big Thing” (USA Today)
$2 Billion in Annual Visitor Spending
One of the Top 20 Surf Towns in the World (National Geographic)
More than 12 Marinas
Nearly 8,000 Guest Rooms and Suites
More Than a Dozen Bed & Breakfast Inns
Myrtle Beach, SC33 Miles Away (39-Minute Drive)
Ranked as the Second Fastest-Growing Metropolitan Area in the Country
One of the Major Centers of Tourism in South Carolina | Attracts an Estimated 14 Million Visitors each Year.
Homes Rarely Trade in the Area with Prime Coastal Homes Selling in Excess of $1,000,000
The City has Close Proximity to a Private Airport, Numerous Golf Courses, and all that Beach Life Brings
Top 21 Most Beautiful U.S. Beaches • Sunset Beach is an Affluent Beach Community - Many of
the Regions most avid beach lovers own second and third homes in this exclusive city.
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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap
Sunset Ridge400 Single Family Homes100 Townhomes
Sea Village150 Mobile Homes
Ocean Ridge Plantation | Big Cat Golf Courses2,500 Home Sites
Wynfall110 Single Family Homes
Ocean Isle Beach Park
Wishing Well Campground
Brunswick Beaches Camping Resort
Sandpiper Bay Golf Community300 Single Family Homes150 Condos
Sea Trail800 Single Family Homes1,000 Multi-Family Units
Confidentiality and Disclaimer
The information contained in the following Marketing Brochure is proprietary and strict-ly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial perfor-mance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the ac-curacy or completeness of the information provided. All potential buyers must take ap-propriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved.
Non-Endorsement Notice
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or en-dorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to pro-spective customers.
Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation what-soever about the accuracy or completeness of any information provided.As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a care-ful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and finan-cial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future suc-cess. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guar-anteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
