Dollar General – Taylors, SC

Pricing & Financial Analysis
Location
403 Brushy Creek Road
Taylors, SC 29687
Sold: $1,238,710
Closing Date: 10/02/2015
Rentable Sq. Ft.: 9,014 SF Sq. Ft.
Price Per Sq. Ft.: $141.06
Cap Rate: 7.75%%
Lot Size: 2.04 Acres
Type Of Ownership: Fee Simple

Highlights
RELOCATION STORE - Build to Suit 2010
Rental Increase during the initial lease term period
Amazing Taylors/WadeHampton/Greenville, SC
Location - Excellent Store Sales
Annualized Operating Data
Rent Increase
Annual Rent
Years 2010 - March 31, 2020
April 1, 2020 - March 31, 2025
CAM Fixed Payment: $3,600.00
Option Periods
 
Years 2025 – 2030
Years 2030 – 2035
Years 2035 - 2040
Years 2040 – 2045
Years 2045 - 2050
Real Estate Taxes: Full Reimbursement
Insurance: Reimbursement Type of Ownership Fee Simple Insurance

Expenses
Lawn, Parking Lot & Landscaping:
3,600.00
Net Operating Income: $63,750.00
Total Return: 7.55% $96,000.00

Tenant Summary
Tenant Trade Name: Dollar General Corp.
Ownership: Public
Tenant: Corporate
Lease Guarantor: Corporate, Public, NYSE: DG
Lease Type: Double Net and One Half Lease (NN1/2)
Roof And Structure: Landlord Responsible
Lease Term: 15.0 Years*
Lease Commencement Date: 3/17/2010
Rent Commencement Date: 3/17/2010
Lease Expiration Date: 3/31/2025
Term Remaining On Lease: 9.75 Years
Increases: 10% Rental Increase during the Options Periods
Options: Five, Five-Year Options
 

*Please Request Lease Agreements for further clarifications.


INVESTMENT & LOCATION OVERVIEW
Highlights

  • Strong Sales – no Percentage (%) Rent – over $1.75 million in sales in 2014
  • RELOCATION STORE – Proven Location
  • Greater GREENVILLE MSA – SOUTH CAROLINA – EXCELLENT REAL ESTATE
  • Corporate Guaranteed ($18.90 Billion Revenue / $23.3 Billion Market Cap Value)
  • Dollar General: #164 in Fortune 500 – S&P BBB Rating – Investment Grade
  • 9,014 SF – Larger Store Format
  • HVAC Units are TENANT RESPONSIBILITY for Repair and Replacement
  • FIVE, Five-Year Option Remaining
  • Property located in Taylors, a suburb northeast of Greenville, SC
  • Local retail includes Wells Fargo, Walgreens, O’Reilly Auto Parts, Walmart Supercenter, Chick-fil-A,
    ALDI, Denny’s, Texas Roadhouse and many others
  • Dollar General has enrolled this store in its national insurance program

The Dollar General # 2,629 – is a proven location – it’s a RELOCATION STORE. The property is located at 403 Brushy Creek Road, Taylors, SC 29687 located adjacent to Wade Hampton and just northeast of Greenville. The Dollar General property is a 9,014 Square Foot property built in 2010. The rent is a double net and one half (NN1/2) lease with landlord responsible for Roof, Structure, & Parking Lot. The Tenant is responsible for the repair & replacement of the HVAC. The property is offered at an 7.55% Cap Rate. Minimal maintenance is required with 3.00% increase in 4.75 years and 10% increases during the five, five-year option.

Taylors, SC is a suburb off State Highway 29 approximately 7.5 miles northeast of Greenville SC & 37 miles west of Spartanburg, SC


CORPORATE DESCRIPTION

Dollar General Corporation is the nation’s largest small-box discount retailer. We make shopping for everyday needs simpler and hassle-free by offering a carefully edited assortment of the most popular brands at low everyday prices in small, convenient locations. Dollar General ranks among the largest retailers of top-quality brands made by America’s most-trusted manufacturers, such as Procter & Gamble, Kimberly Clark, Unilever, Kellogg’s, General Mills and Nabisco.

$18.90 billion in sales in fiscal 2014
11,700+ stores in 43 states
About 12,000 core products from America’s most-trusted manufacturers
12+ distribution centers
105,000+ employees
BBB– Rating by Standard & Poor’s
Headquarter are located at 100 Mission Ridge Goodlettsville, TN 37072