dollar general tennessee portfolio & kentucky€¦ · tenant property address city state sq....

www.WellsNetLeaseGroup.com

Corporate Guaranteed Lease (NYSE: DG)

S&P BBB Investment Grade Credit Rating

NNN Leases – No Landlord Responsibilities

Lease Terms with 12-14+ Years Remaining

New Construction Buildings

DOLLAR GENERAL

PORTFOLIO

David Wells | Managing Director

305.498.6095

[email protected]

Peter Estlick | Investment Associate

305.965.9452

[email protected]

REPRESENTATIVE PHOTO

Justin Estes

731.487.0634

[email protected]

Tennessee

& Kentucky|


This marketing brochure has been prepared to provide a summary to prospective investors of the valuation of the lease or

leases contained herein and does not include or take into account any value of the real estate which is bonded under the lease

or leases contained herein. It is intended to be reviewed only by the party receiving it from WNL and should not be made

available to any other person or entity without the written consent of WNL.

The information contained herein is not a substitute for a thorough due diligence investigation. WNL has not made any

investigation, and makes no warranty or representation, with respect to the income or expenses for the bonded lease or lease

information contained herein and or it’s guarantor or guarantors nor any future projected financial performance. WNL

recommends and advises any and all prospective purchasers to work with a licensed real estate professional or legal counsel

to verify the size and square footage of the property and improvements, investigate 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,

WNL has not verified, and will not verify, any of the information contained herein, nor has WNL conducted any investigation

regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the

information provided.

CONFIDENTIALITY

www.WellsNetLeaseGroup.comINVESTMENT SUMMARY

The subject portfolio consist of eight individual Dollar General

locations. The properties can be purchased as a portfolio or

individually. The properties are located across Tennessee and

Kentucky.

All locations are corporate backed by Dollar General. The

leases are all NNN leases with zero landlord responsibilities.

Each location has an original term of 15 years with five (5) year

option periods with increases.

The average length of term remaining for each location is 14

years. The properties are priced at 6.50% - 6.75% caps

depending on term remaining and location. Corporate Guaranteed Lease (NYSE: DG)


NNN Leases – No Landlord Responsibilities

Lease Terms with 12-14+ Years Remaining

New Construction Buildings

Investment Highlights


Tenant Property Address City State Sq. Ft. Commenc. ExpirationCap

RatePrice

Dollar General 226 Hwy 79 S Gibson TN 9,026 2/10/2016 2/28/2031 6.50% $969,231

Dollar General 7016 N First Street Milan TN 9,026 3/13/2016 3/31/2031 6.50% $1,044,738

Dollar General -

PLUS694 South Bells Street Alamo TN 10,566 7/14/2015 7/31/2030 6.75% $1,109,925

Dollar General -

PLUS135 North Main Street Lobelville TN 10,566 3/14/2015 3/31/2030 6.75% $1,156,222

Dollar General 3144 Christmasville RoadJackson

(Oakfield)TN 9,026 10/17/2014 10/31/2029 6.50% $1,066,591

Dollar General 3561 US Hwy 70 EastJackson

(Spring Creek)TN 9,026 7/17/2014 7/31/2029 6.75% $1,098,830

Dollar General 10711 Owensboro Rd Falls of Rough KY 9,026 7/29/2015 7/31/2030 6.75% $1,051,792

Dollar General -

PLUS1360 Hwy 259 Brownsville KY 10,640 2/13/2014 2/28/2029 6.75% $1,362,519

All Dollar General leases in this portfolio are NNN with (5) 5 Year Renewal Options

PORTFOLIO SUMMARY


Taxes

Insurance

Maintenance/CAM

HVAC

Parking Lot

Roof & Structure

Utilities

Right of 1st Refusal

Assignment & Subletting

Termination Options

Rent Increase

Options

Increases in Options

Sales Reported

LEASE ABSTRACT

Tenant

Tenant

Tenant

Tenant

Tenant

Tenant

Tenant

None

No Landlord Consent Needed

None

Flat

(5) 5 Year

10% Per Option

No





NNN Lease - 14+ Years Remaining

2016 Construction

Dollar General

Price

Cap Rate

Base Rent

Lease Term

Commencement

Expiration

Term Remaining

Lease Type

Increases

Guarantor

Public or Private

S&P Credit Rating

Options

Building Size

Lot Size

Year Built

INVESTMENT OVERVIEW

226 Hwy 79 S, Gibson, TN 38338

$969,250

6.50%

$63,000

15 Years

2/10/2016

2/28/2031

14+ Years

NNN

10% Options

Corporate

Public

BBB

(5) 5 Year

9,026 SF

1.42 Acres

2016







2016 Construction

Dollar General

Price

Cap Rate

Base Rent

Lease Term

Commencement

Expiration

Term Remaining

Lease Type

Increases

Guarantor

Public or Private

S&P Credit Rating

Options

Building Size

Lot Size

Year Built

INVESTMENT OVERVIEW

7016 N 1st Street, Milan, TN 38358

$1,044,700

6.50%

$67,908

15 Years

3/13/2016

3/31/2031

14+ Years

NNN

10% Options

Corporate

Public

BBB

(5) 5 Year

9,026 SF

1.27 Acres

2016






NNN Lease - 14 Years Remaining

Larger format Dollar General Plus

2015 Construction

Dollar General Plus

Price

Cap Rate

Base Rent

Lease Term

Commencement

Expiration

Term Remaining

Lease Type

Increases

Guarantor

Public or Private

S&P Credit Rating

Options

Building Size

Lot Size

Year Built

INVESTMENT OVERVIEW

694 South Bells Street, Alamo, TN 38001

$1,109,950

6.75%

$74,919.96

15 Years

7/14/2015

7/31/2030

14 Years

NNN

10% Options

Corporate

Public

BBB

(5) 5 Year

10,566 SF

3.92 Acres

2015






NNN Lease – 13.5 Years Remaining


2015 Construction

Dollar General Plus

Price

Cap Rate

Base Rent

Lease Term

Commencement

Expiration

Term Remaining

Lease Type

Increases

Guarantor

Public or Private

S&P Credit Rating

Options

Building Size

Lot Size

Year Built

INVESTMENT OVERVIEW

135 North Main Street, Lobelville, TN 37097

$1,156,200

6.75%

$78,045

15 Years

3/14/2015

3/31/2030

13.5 Years

NNN

10% Options

Corporate

Public

BBB

(5) 5 Year

10,566 SF

0.98 Acres

2015







2014 Construction

Strong Demographics – 45K within 5 miles

Avg. HH Income within 5 miles: $78K

Dollar General

Price

Cap Rate

Base Rent

Lease Term

Commencement

Expiration

Term Remaining

Lease Type

Increases

Guarantor

Public or Private

S&P Credit Rating

Options

Building Size

Lot Size

Year Built

INVESTMENT OVERVIEW

3144 Christmasville Road, Jackson, TN 38305

$1,066,591

6.50%

$69,328.44

15 Years

10/17/2014

10/31/2029

13+ Years

NNN

10% Options

Corporate

Public

BBB

(5) 5 Year

9,026 SF

1.11 Acres

2014







2014 Construction

Dollar General

Price

Cap Rate

Base Rent

Lease Term

Commencement

Expiration

Term Remaining

Lease Type

Increases

Guarantor

Public or Private

S&P Credit Rating

Options

Building Size

Lot Size

Year Built

INVESTMENT OVERVIEW

3561 US Hwy 70 East, Jackson, TN 38305

$1,098,800

6.75%

$74,171.04

15 Years

7/17/2014

7/31/2029

13+ Years

NNN

10% Options

Corporate

Public

BBB

(5) 5 Year

9,026 SF

1.1 Acres

2014







2015 Construction

Dollar General

Price

Cap Rate

Base Rent

Lease Term

Commencement

Expiration

Term Remaining

Lease Type

Increases

Guarantor

Public or Private

S&P Credit Rating

Options

Building Size

Lot Size

Year Built

INVESTMENT OVERVIEW

10711 Owensboro Rd, Falls of Rough, KY 40119

$1,051,850

6.75%

$70,999.56

15 Years

7/29/2015

7/31/2030

14 Years

NNN

10% Options

Corporate

Public

BBB

(5) 5 Year

9,026 SF

1.38 Acres

2015






NNN Lease – 12.5 Years Remaining


2014 Construction

Dollar General Plus

Price

Cap Rate

Base Rent

Lease Term

Commencement

Expiration

Term Remaining

Lease Type

Increases

Guarantor

Public or Private

S&P Credit Rating

Options

Building Size

Lot Size

Year Built

INVESTMENT OVERVIEW

1360 Hwy 259, Brownsville, KY 42210

$1,362,500

6.75%

$91,970.04

15 Years

2/13/2014

2/28/2029

12.5 Years

NNN

10% Options

Corporate

Public

BBB

(5) 5 Year

10,640 SF

1.45 Acres

2014



Corporate Information

Company Name

S&P Credit Rating

Public or Private

Ticker

Founded

Headquarters

Number of locations

Number of Employees

Website

Tenant Overview

Tenant Highlights

• Dollar General (NYSE: DG)

• S&P BBB Investment Grade Credit

• 12,400+ stores in 43 U.S. states

• $20.4 billion in sales

TENANT OVERVIEW

Dollar General Corp.

BBB

Public

NYSE: DG

1939

Goodlettsville, TN

12,400+

114,000

www.dollargeneral.com

Dollar General Corp. is a U.S. chain of variety stores

headquartered in Goodlettsville, Tennessee. As of January

2016, Dollar General operated 12,400+ stores in 43 U.S.

states.

Dollar General offers both name brand and generic

merchandise — including off-brand goods and closeouts

of name-brand items — in the same store, often on the

same shelf. Although it has the word "dollar" in the name,

Dollar General is not a dollar store by the strict definition of

that term as most of its products are priced at more than

$1.00. However, goods are usually sold at set price points

in the range of .50 to 60 dollars. Dollar General often

serves communities that are too small for Walmart stores.

It competes in the dollar store format with national chains

Family Dollar and Dollar Tree, regional chains such as

Fred's in the Southeast, and numerous independently

owned stores.

Since 2000, Dollar General has experimented with stores

that carry a greater selection of grocery items. These

stores operate under the name "Dollar General Market".

www.WellsNetLeaseGroup.comSTORE LOCATIONS MAP

1) Gibson, TN 5) Jackson (Oakfield), TN

2) Milan, TN 6) Jackson (Spring Creek), TN

3) Alamo, TN 7) Falls of Rough, KY

4) Lobelville, TN 8) Brownsville, KY


David Wells

Managing Director

305.498.6095

[email protected]

For additional information contact:

Peter Estlick

Investment Associate

305.965.9452

[email protected]

Justin Estes

731.487.0634

[email protected]

dollar general tennessee portfolio & kentucky€¦ · tenant property address city state sq....

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