15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
Evan K. Langert, Esq.Director-Leasing and Investment Sales 231 Najoles Road, Suite 100Millersville, MD 21108 443.529.0505 direct410.729.7700 o˜ [email protected]
DOLLAR GENERAL PLUS | ABSOLUTE NNNINVESTMENTOPPORTUNITY
RELOCATION STORE
15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
CONFIDENTIALITY AND DISCLAIMERAll materials and information received or derived from KW Commerical / The Langert Group, its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty by KW Commercial / The Langert Group its directors, officers, agents, advisors, or affiliates as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. Neither KW Commercial / The Langert Group its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Commercial / The Langert Group will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.
15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
INVESTMENT O VERVIEW 01INVESTMENT SUMMARY
INVESTMENT OVERVIEW
TENANT 02TENANT OVERVIEW
LOCATION INFORMATION 03LOCATION OVERVIEW
AERIAL MAP
SITE PLAN
SUBJECT PROPERTY PHOTOS
SURROUNDING AREA RETAIL
SURROUNDING AREA DESTINATIONS
DEMOGRAPHICS 04AREA DEMOGRAPHICS
TABLE OF CONTENTS
INVESTMENT
OVERVIEW
15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
INVESTMENT OVERVIEW
15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
INVESTMENT SUMMARY
MARKET PRICECURRENT NOICAP RATEPRICE PER SQ FTRENT PER SQ FT
TENANTGUARANTORLEASE TYPELEASE STARTLEASE ENDBUMPSOPTIONSOPT. BUMPS
$1,747,488
$105,7236.05% Cap$140.02
$8.47
Dolgencorp, LLCDollar General Corporation Absolute NNN Lease
10/201310/2028Flat During TermFive (5 Yr.) Extensions 10% At Each Option
FINANCIAL OVERVIEW
20131.757 Acres12,480Concrete Block Standing Seam Roof Ground Mounted Ample
PROPERTY OVERVIEW
YEAR BUILT ACREAGESQUARE FEET FOUNDATIONROOFHVACPARKING
INVESTMENT HIGHLIGHTS
Absolute NNN Dollar General Plus (Zero Responsibilities) 15 Year Term | Five (5 Yr.) Options | 10% Bumps at Each Relocation StorePopulation Within 5 Miles Exceeds 69,000Daily Traffic Count of 23,807 VPDAverage Household Income Within 5 Miles of $40,949 Corporate Guarantee by DG which Carries a “BBB” Rating
INVESTMENT SUMMARY
LEASE SUMMARY
Evan K. Langert, Esq.Director-Leasing and Investment Sales1111 Benfield Blvd. Suite 250Millersville, MD 21108443.529.0505 direct410.729.7700 o˜ [email protected]
15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
INVESTMENT OVERVIEW
INVESTMENT OVERVIEW
KW Commercial / The Langert Group is pleased to present this 12,480 SF Dollar General Plus store, located in Brunswick, GA. The property is encumbered with a
Fifteen (15) Year Absolute NNN Lease, leaving Zero landlord responsibilities. The leases also contains five (5 Yr.) options, each with a 10% rental rate increase. The
lease is corporately guaranteed by Dollar General which holds an investment grade credit rating of “BBB-”.
The Dollar General is strategically located in Brunswick, GA. In Glynn County. Brunswick offers residents easy access to the barrier islands, affordable housing, a
historic Victo r ian downtown and also hosts the Federal Law Enforcement Training Center. Brunswick is the 2nd largest coastal town in Georgia. The population
within a five mile radius is greater than 69,000 with the median household income within a five mile radius exceeding $40,949. This investment will offer a new
owner continued success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price reflects a 6.05% cap
rate based on NOI of $105,723.
TENANT
OVERVIEW
15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
TENANT OVERVIEW
15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
TENANT OVERVIEW
TENANT OVERVIEW
Dollar General commands a chain of more than 14,000 discount stores in 40 states, primarily in the southern and eastern US, the Midwest, and the Southwest.
Offering basic household items, such as cleaning supplies, health and beauty aids, as well as some apparel and food, it targets low-middle, and fixed income
shoppers. Although it has the word “dollar” in its name, Dollar General is not solely a dollar store. The company offers goods sold at set price points of penny
items up to the range of 50 to 60 dollars. Some of its higher end items include over-the-counter medicines, seasonal products, pet supplies, and pet food
products, prepaid cell phones and accessories, and automotive supplies.
Cal Turner founded J. L. Turner & Son, Inc. in 1939 and opened the first Dollar General Store in Scottsville, Kentucky in June 1955. Since then the company has
grown into the country’s largest small-box discount retailer. Store are generally located in small towns off the radar of giant discounters. Its big-city stores (about
30% of its total) are situated in lower-income neighborhoods. Some 25% of its merchandise is priced at $1 or less.
MARKET CAP$26.87 Billion
14,000+ Locations
2017 SALES$21.99 Billion
COMPANY TYPE Public
2017 NET INCOME$1.25 Billion
S&P CREDITBBB - Investment Grade
RANKED128 on the Fortune 500 List
LOCATION
INFORMATION
15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
LOCATION INFORMATION
15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
Brunswick is a city in and the county seat of Glynn County, Georgia, United States. As the major urban and economic center of the state's lower southeast, it is the second-largest urban area on the Georgia coast after Savannah and contains the Brunswick Old Town Historic District.
British colonists settled the peninsula in 1738 as a buffer to Spanish Florida. It came under provincial control in 1771 and was founded as "Brunswick" after the German duchy of Brunswick–Lüneburg, the ancestral home of the House of Hanover. It was incorporated as a city in 1856. Throughout its history, Brunswick has served as an important port city: in World War II, it served as a strategic military location with an operational base for escort blimps and a shipbuilding facility for the U.S. Maritime Commission.
Brunswick supports a progressive economy largely based on tourism and logistics, with a metropolitan GDP of $3.9 billion.[6] The Port of Brunswick handles approximately 10 percent of all U.S. roll-on/roll-off trade—third in the U.S., behind the ports of Los Angeles and Newark.[7][8][9] The headquarters of the Federal Law Enforcement Training Center is located 5 miles (8 km) north of the central business district of the city and is adjacent to Brunswick Golden Isles Airport, which provides commercial air service to the area. In the 2010 U.S. census, the population of the city proper was 15,383;[1] the urban area, 51,024; and the metropolitan area, 112,370.
Brunswick is located on a harbor of the Atlantic Ocean, approximately 40 mi (60 km) north of Florida and 80 mi (130 km) south of South Carolina. Brunswick is bordered on the west by Oglethorpe Bay, the East River, and the Turtle River. It is bordered on the south by the Brunswick River and on the east by the Atlantic Intracoastal Waterway in the Mackay River, which separates it from the Golden Isles.
LOCATION OVERVIEW
15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
AERIAL MAP
15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
SITE PLAN
15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
SUBJECT PROPERTY PHOTOS
15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
SUBJECT PROPERTY PHOTOS
15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
SURROUNDING AREA RETAIL
15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
SURROUNDING AREA DESTINATIONS
DEMOGRAPHICS
15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
DEMOGRAPHICS
15 YR. ABSOLUTE NNN LEASE | 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
DEMOGRAPHICS
0 - 1 miles 0 - 3 miles 0 - 5 miles
Population
2010 Population 15,898 36,223 68,577
2014 Population 16,032 36,396 69,532
2019 Population 16,460 37,364 72,015
2010-2014 Annual Rate 0.20% 0.11% 0.33%
2014-2019 Annual Rate 0.53% 0.53% 0.70%
Households
2010 Households 5,939 13,847 26,460
2014 Total Households 5,986 13,902 26,812
2019 Total Households 6,132 14,247 27,732
2010-2014 Annual Rate 0.19% 0.09% 0.31%
2014-2019 Annual Rate 0.48% 0.49% 0.68%
Race and Ethnicity
2014 White Alone 76.1% 62.0% 61.8%
2014 Black Alone 14.4% 28.8% 29.7%
2014 American Indian/Alaska Native Alone 0.5% 0.4% 0.4%
2014 Pacific Islander Alone 1.9% 2.1% 1.6%
2014 Other Race 0.0% 0.2% 0.1%
2014 Two or More Races 4.4% 4.0% 3.9%
2014 Median Household Income $42,605 $38,321 $40,949
2014 Average Household Income $59,592 $52,408 $59,923
Evan K LangertDirector-Leasing and Investment Sales
| [email protected]| 443.529.0505| 410.729.7700
INVESTMENTOPPORTUNITY
DOLLAR GENERAL PLUS 5939 NEW JESUP HIGHWAY | BRUNSWICK, GA 31523
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