exclusive investment...

5
Millenia Partners | Wright Investment Group Commercial Real Estate EXCLUSIVE INVESTMENT OPPORTUNITY Net Lease Investment | SC, NC Locations Virginia I. Wright, CCIM Principal & Director | Atlanta Office Millenia Partners | Wright Investment Group Atlanta Office (470) 239-7769 [email protected] www.WrightInvestmentGroup.com David Hampton Broker of Record Virginia I Wright, CCIM | Office: (470) 239-7769 | [email protected] www.WrightInvestmentGroup.com Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period. Site Photo Representative Photo

Upload: others

Post on 07-Aug-2020

2 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: EXCLUSIVE INVESTMENT OPPORTUNITYwrightinvestmentgroup.com/wp-content/uploads/2017/08/DG-Portfoli… · Dollar General Location Price Current NOI Cap Rate Lease Expiration Years Remain

Millenia Partners | Wright Investment Group Commercial Real Estate

EXCLUSIVE INVESTMENT OPPORTUNITY Net Lease Investment | SC, NC Locations

Virginia I. Wright, CCIM Principal & Director | Atlanta Office

Millenia Partners | Wright Investment Group Atlanta Office (470) 239-7769 [email protected] www.WrightInvestmentGroup.com

David Hampton Broker of Record

Virginia I Wright, CCIM | Office: (470) 239-7769 | [email protected] www.WrightInvestmentGroup.com

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/orlimited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Site Photo

Representative Photo

Page 2: EXCLUSIVE INVESTMENT OPPORTUNITYwrightinvestmentgroup.com/wp-content/uploads/2017/08/DG-Portfoli… · Dollar General Location Price Current NOI Cap Rate Lease Expiration Years Remain

Millenia Partners | Wright Investment Group Commercial Real Estate

Executive Summary The Wright Investment Group is pleased to exclusively market for sale a five property single tenant portfolio consisting of long term Dollar General stores. Each store has 9-10 years remaining on an initial lease with multiple options to renew. Properties are strategically located in South Carolina and North Carolina in prime retail markets with minimal competition in surrounding area.The portfolio consists of locations in Laurens, SC, Graniteville, SC, Grimeland, NC, Kenly, NC, and Rocky Mount, NC.

Property Highlights:

• Long-Term Lease with Options to Renew

• Corporate Guarantee - Investment Grade Tenant (S&P: BBB)

• Rent Increase in Options

• Absolute Net Lease with Tenant Paying All Expenses

• Strategic Locations with Minimal Competition

• Available to Acquire Individual Locations or as Portfolio

Virginia I Wright, CCIM | Office: (470) 239-7769 | [email protected] www.WrightInvestmentGroup.com

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/orlimited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Pg. 2

Actual Site

Page 3: EXCLUSIVE INVESTMENT OPPORTUNITYwrightinvestmentgroup.com/wp-content/uploads/2017/08/DG-Portfoli… · Dollar General Location Price Current NOI Cap Rate Lease Expiration Years Remain

Millenia Partners | Wright Investment Group Commercial Real Estate

Lease Abstract *Available Individually or as Portfolio

Virginia I Wright, CCIM | Office: (470) 239-7769 | [email protected] www.WrightInvestmentGroup.com

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/orlimited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Pg. 3

Dollar General

Location Price Current NOI

Cap Rate

Lease Expiration

Years Remain Options Sq Ft Rent / Sq

FtLease Type

Laurens, SC#2964 $1,372,400 $94,012.00 6.85% 07/30/2026 9 5 x 5yr 9,026 $10.42 NNN

Graniteville, SC#6244

$1,340,000 $91,802.00 6.85% 12/30/2026 9+ 5 x 5yr 9,026 $10.17 NNN

Grimesland, NC#13150

$1,211,500 $83,000.00 6.85% 11/30/2026 9+ 4 x 5yr 9,002 $9.22 NNN

Kenly, NC#7270 $1,175,000 $80,500.00 6.85% 11/30/2026 9+ 4 x 5yr 9,002 $8.94 NNN

Rocky Mnt,NC#12909

$1,236,500 $84,710.00 6.85% 10/30/2026 9+ 4 x 5yr 9,026 $9.39 NNN

Page 4: EXCLUSIVE INVESTMENT OPPORTUNITYwrightinvestmentgroup.com/wp-content/uploads/2017/08/DG-Portfoli… · Dollar General Location Price Current NOI Cap Rate Lease Expiration Years Remain

Millenia Partners | Wright Investment Group Commercial Real Estate

Location Maps

Virginia I Wright, CCIM | Office: (470) 239-7769 | [email protected] www.WrightInvestmentGroup.com

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/orlimited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Pg. 4

Page 5: EXCLUSIVE INVESTMENT OPPORTUNITYwrightinvestmentgroup.com/wp-content/uploads/2017/08/DG-Portfoli… · Dollar General Location Price Current NOI Cap Rate Lease Expiration Years Remain

Millenia Partners | Wright Investment Group Commercial Real Estate

Broker Profile

Recent Transactions Include:

Lowe’s(Charlotte, NC)

$7,700,000

PNC Bank (Atlanta, GA)$5,764,000

Buddy’s Rents-Leaseback(Portfolio of 9 stores)

$11,908,235

Rite Aid (Atlanta, GA)$4,606,000

Lear Building(Duncan, SC)

$10,750,000

Rite Aid (Cary, NC) $5,510,000

AGA Medical (Atlanta, GA)

$3,042,000

Holiday Inn (Atlanta, GA)$6,100,000

Virginia I. WrightVirginia is Principal and Director of the Atlanta office of Millenia Partners Capital Group, bringing over 25 years of marketing, communications, finance, sales, and operational management experience to the firm. Specializing in the single tenant net lease retail segment, she is also experienced in industrial and medical as well as sale leasebacks. Throughout her real estate career, Virginia has developed exceptional underwriting and negotiation skills while closing over $150MM in net lease transactions in 8 states.

She provides advisory, acquisition and disposition services to numerous corporate, institutional and private clients, private equity groups, preferred developers, franchisees, REITS, and build-to-suit specialists nationwide, with a focus on assisting buyers and sellers through the intricacies of 1031 exchanges.

As a result of her extensive transaction experience and knowledge, Virginia has established herself as a premier broker that is committed to providing superior client service, while embracing a philosophy of integrity and professionalism. This has enabled her to cultivate and foster long lasting relationships with her clients.

As a Certified Commercial Investment Member (CCIM) of the CCIM Institute, Virginia has achieved the highest designation in the field of commercial real estate. Only 6% of commercial real estate broker/agents nationwide have the CCIM designation. Virginia is also a member of various professional organizations including the National and Atlanta Commercial Board of Realtors, the International Council of Shopping Centers, and the CCIM Georgia Chapter.

Professional Affiliations:‣ Certified Commercial

Investment Member (CCIM)‣ GA CCIM Chapter Member‣ International Council of

Shopping Centers (ICSC)‣ GA Real Estate License‣ FL Real Estate License‣ SC Real Estate License

Virginia I. Wright, CCIM Principal & Director | Atlanta Office

Millenia Partners | Wright Investment Group Atlanta Office (470) 239-7769 [email protected] www.WrightInvestmentGroup.com

Virginia I Wright, CCIM | Office: (470) 239-7769 | [email protected] www.WrightInvestmentGroup.com

Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/orlimited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.

Pg. 5