family dollar - commercial real estate investments...
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Family Dollar
[ REPRESENTATIVE PHOTO ]
new absolute NNN relocation of existing store in houston mSA201 W. Mulberry Street, Angleton, TX 77515
[ www.CapitalPacific.com ]
RenTAble SF . . . . . . . . . . . . . . . 9,180 SF
PRiCe PeR SF . . . . . . . . . . . . . . . $224
lAnd AReA . . . . . . . . . . . . . . . 1 .36 Acres
YeAR bUilT . . . . . . . . . . . . . . . 2015
CURRenT RenT . . . . . . . . . . . . $13 .98/SF
leASe eXPiRATion . . . . . . . . . 1/14/2031
PRICE: $2,053,216CAP: 6.25%
Listing TeamContact Info
Joe Caccamojcaccamo@capitalpacific .com | (415) 274-7394 CA BRE# 01191110
In conjunction with TX Licensed Broker:Steve Sieling, Azur Commercial Capital, LLC steve@azurcc .com | 214-888-8262
PROperty Summary
Capital Pacific collaborates . Click here to meet the rest of our San Francisco team .
BRAND NEW, ABSOLUTE NNN FAMILY DOLLAR WITH 15-YEAR PRIMARY TERM IN TAX-FREE HOUSTON, TEXAS MSA. RELOCATION OF EXISTING STORE IN MARKET
RENT ESTIMATED TO COMMENCE ON FEBRUARY 15, 2016
[ REPRESENTATIVE PHOTO ] Family Dollar | 2
loCATion HigHligHTS Site is located on the hard, SWC of West Mulberry Street (State Route 35) and South
Hancock Street, just off State Route 274 in Downtown Angleton, TX . Angleton is approximately 43 miles from Houston and is the County Seat of Brazoria County .
There are more than 20,000 people within a 3-mile radius of the subject location with average household incomes exceeding $65,000 .
W . Mulberry is a primary East-West commercial arterial through Angleton, linking Highway 288 to downtown Angleton . State Route 274 is the primary North-South
corridor through town . Tenants in close proximity include Walgreens, CVS, O’Reilly Auto Parts, HEB, Wells Fargo Bank, Autozone, and numerous fast food restaurants, banks and
other services .
leASe HigHligHTSLease is NNN: zero landlord responsibilities
Lease features 10% rental escalations every 5 years starting in year 10 of the primary term and at the start of each of six (6) five-year options, if exercised
20,000 Residents within a 3-mile radius with average household incomes exceeding $65,000
core characteristics
[ REPRESENTATIVE PHOTO ]Family Dollar | 3
loCATed AT THe inTeRSeCTion oF W. MUlbeRRY ST & S. HAnCoCk ST, WiTH TRAFFiC CoUnTS eXCeeding 24,100 VPd
aerial
n Velasco Street
Anchor Road
e Mulb
erry
Stre
et
W Mulberry Street S Hancock Street
e Cedar Street
288
288
288
274
3535
35
northside School
early Childhood Campus
Westside elementary
houston • 45 mi
288
Austin • 180 mi
71
9,800 DAiLY
13,300 DA
iLY
Former store - cLosing upon
openng oF subject LocAtion
13,300 DA
iLY
Family Dollar | 4
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. Buyer must verify the information and bears all risk for any inaccuracies.
income & expense
PRICE $2,053,216
Price Per Square Foot: $223 .66
Capitalization Rate: 6 .25%
Total Rentable Area (SF): 9,180
Lot Size (Acres): 1 .36
STABILIZED INCOME Per Square Foot
Scheduled Rent $13 .98 $128,326
LESS Per Square Foot
Taxes NNN $0 .00
Insurance NNN $0 .00
Structural Reserves NNN $0 .00
EQUALS NET OPERATING INCOME $128,326
[ REPRESENTATIVE PHOTO ]
Family Dollar | 5
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. Buyer must verify the information and bears all risk for any inaccuracies.
rent roll
TenAnT inFo leASe TeRMS RenT SUMMARY
Tenant Name Sq. Ft. Term Current Rent
Monthly Rent
Yearly Rent
Monthly Rent/FT
Yearly Rent/FT
Family Dollar - Angleton, TX 9,180 1/15/16 1/14/26 $10,694 $128,326 $1 .16 $13 .98
1/15/26 1/14/31 $11,763 $141,158 $1 .28 $15 .38
Option 1 1/15/31 1/14/36 $12,940 $155,274 $1 .41 $16 .91
Option 2 1/15/36 1/14/41 $14,234 $170,802 $1 .55 $18 .61
Option 3 1/15/41 1/14/46 $15,657 $187,882 $1 .71 $20 .47
Option 4 1/15/46 1/14/51 $17,223 $206,670 $1 .88 $22 .51
Option 5 1/15/51 1/14/56 $18,945 $227,337 $2 .06 $24 .76
Option 6 1/15/56 1/14/61/ $20,839 $250,071 $2 .27 $27 .24
Totals: 9,180 $128,326 $10,694 $128,326 $10,693.83 $13.98
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Family Dollar | 6
SiTe PlAn keY
PARCEL OuTLINE:
LAND AREA: 1 .30 AC
BuILDINg AREA: 9,180 SF
INgRESS/EgRESS:
9,800 dAilY
site plan
W orange Street
Hanc
ock
Stre
et
W Mulberry Street
illUMinATed PYlon Sign
274
13,300 dA
ilY
Family Dollar | 7
AboUT FAMilY dollARWith over 8,100 stores in 46 states and the District of Columbia, Family Dollar is the nation’s second largest dollar store . The company also operates nine distribution centers that are each over 900,000 SF .
Family Dollar targets women shopping for a family earning less than $40,000 a year . Consumables (food, health, beauty aids, and household items) account for about two-thirds of sales . Family Dollar also sells apparel, shoes, and linens .
Family Dollar stores are low-format and are located in low and middle-income rural and urban areas . Most goods and groceries (national brands, Family Dollar private labels, and unbranded items) are sold at a variety of discounted prices, the majority of which are under $10 .
For the fiscal year ending August, 2014, sales were $10 .49 billion, net income was $284 million, and net worth was $1 .67 billion .
In July, 2015, Family Dollar was acquired by, and became a wholly-owned subsidiary of, Dollar Tree, Inc (Dollar Tree does not guarantee this lease) .
The combined Dollar Tree-Family Dollar entity is now the largest discounter in North America with over 13,000 stores in 48 states and Canada with annual sales over $19 billion . Both brands will continue to operate separately .
eMPloYeeS 50,000
2014 SAleS $10.49 BILLION
nUMbeR oF loCATionS 8,100
www.familydollar.com
tenant overview
[ REPRESENTATIVE PHOTO ][ REPRESENTATIVE PHOTO ]
Family Dollar | 8
HOuSTON
46 MIN43 MILES
ANgLETON
houston • 45 mi
288
Austin • 180 mi
71
WALMART
WALMART
DOWNTOWN ANgLETON
6 MIN1 .5 MILES
regional map
AngleTon iS loCATed 43 MileS SoUTH oF HoUSTon And 12 MileS noRTH FRoM THe gUlF CoAST
13 MIN9 MILES
Family Dollar | 9
AboUT AngleTon
Angleton is the seat of Brazoria County, Texas, within the Houston-Sugar Land-Baytown MSA (the sixth largest metropolitan area in the united States) . It lies at the intersection of State Highway 288, State Highway 35, and the union Pacific Railroad .
The population of Angleton is around 18,000 . The population of Brazoria county is 313,166 while the population of the Houston-Sugar Land-Baytown metropolitan population is 5,946,800 .
As the county seat, Angleton hosts Texas’ largest county fair, the Brazoria County Fair, every October .
Angleton is located 43 miles from Houston to the north and 12 miles from the gulf Coast to the South . The small town of Angleton also has the conveniences of the big city . It boasts a thriving community with an excellent school system, low crime rate, affordable housing, recreational parks, and museums .
2015 househoLD incomes
popuLAtion
EmployerAngleton I .S .D . Benchmark Electronics uTMB Health - Angleton Danbury City of Angleton
top empLoYers in AngLeton
1-Mile 3-Mile 5-Mile
2010 6,269 20,700 22,7792015 6,310 21,311 23,5832020 6,473 22,387 24,837
1-Mile 3-Mile 5-Mile
Average $59,084 $65,548 $67,092Median $52,016 $54,973 $56,675
location & demographics
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Family Dollar | 10
A unique HUMANRESULTS-DRIVEN client experience
THe CAPiTAl PACiFiC eXPeRienCe - oUR dAilY CoMMiTMenT To oUR ClienTS
[ www.CapitalPacific.com ]
In conjunction with TX Licensed Broker: Steve Sieling, Azur Commercial Capital, LLC | steve@azurcc .com | 214-888-8262
[ Copyright © 2015 Capital Pacific LLC ]
Capital Pacific collaborates . Click here to meet the rest of our San Francisco team .
dAVe lUCAS
RiCk SAnneR
ZAndY SMiTH
JACk nAVARRA
JoHn AndReini
bob SAnneR
gRegg STeele
kARlA ZenS
Joe CACCAMojcaccamo@capitalpacific .com | (415) 274-7394 CA BRE# 01191110
Zeb RiPPlezripple@capitalpacific .com | (415) 274-2702 CA BRE# 01242540
CHRiS koSTAneCkick@capitalpacific .com | (415) 274-2701 CA BRE# 01002010
CHRiS PeTeRScpeters@capitalpacific .com | (415) 274-2703 CA BRE# 01339983
[ REPRESENTATIVE PHOTO ]
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