offering me morandum
TRANSCRIPT
REPRESENTATIVE PHOTOS
OFFERINGMEMORANDUM222 MAIN ST | ROMEO, CO
PRICE: $1,794,000 | CAP: 5.35%
REPRESENTATIVE PHOTOS
PRICE
$1,794,000
EXECUTIVE SUMMARY
DOLLAR GENERAL | ROMEO, CO
CAP
5.35%
NOI
$95,989
222 MAIN ST.
ROMEO, CO 81148
ABSOLUTE NNN
MAY 31ST, 2035
DOLLAR GENERAL
CORPORATE
(3) 5-YEAR OPTIONS
10% IN OPTION PERIODS --FLAT LEASE DURING INITIAL TERM
±0.80 ACRES
±9,026 SQUARE FEET
NO
LOCATION
LEASE TYPE
LEASE EXPIRATION
LESSEE
GUARANTOR
OPTIONS
INCREASES
LAND SIZE
BUILDING SIZE
ROFR
DOLLAR GENERAL | ROMEO, CO
This property has an absolute NNN lease that will expire May 31st, 2030. There are (3) 5-year options and 10%
increases in the option periods with a flat lease during the initial term. The building is ±9,026 square feet and sits on
±0.80 acres of land. The property was built in 2020. The property has a corporate guarantee and the lessee is Dollar
General. This property is located off Main St and hwy 285. This Dollar General location is also only ±16 miles from the
San Luis Valley Regional Airport and ±20 miles from the city of Alamosa.
BANG REALTY IS PLEASED TO BETHE EXCLUSIVE LISTING BROKERAGE FOR DOLLAR GENERAL IN ROMEO, COLORADO.
REPRESENTATIVE PHOTOS
PROPERTY OVERVIEW
DOLLAR GENERAL | ROMEO, CO
• Corporate Guarantee
• Absolute NNN
• New Construction (2020)
• 14 Years Remaining
• 20 Miles from San Luis Valley RegionalAirport
DOLLAR GENERAL | ROMEO, CO
Romeo is a town located in Conejos County, Colorado. As the county seat and the most populous municipality of Alamosa County, Alamosa is steadily growing with extensive construction and improvements to infrastructure and local retail centers.Alamosa has become the natural hub for retail and services to the San Luis Valley. Home to Alamosa National Wildlife Refuge, San Luis State Park, and the Great Sand Dunes National Park, Alamosa has seen a 25% increase in tourism in 2017 from the previous year. Alamosa is a city under Home Rule Municipality that is the county seat and the most populous municipality of Alamosa County, Colorado. The city of Alamosa is the commercial center of the San Luis Valley in south-central Colorado. There are multiple supermarkets, fast food restaurants, and pharmacies. Alamosa is also home to two medical clinics, a regional hospital (San Luis Regional Medical Center), and an airport (San Luis Valley Regional Airport). Two Colleges claim Alamosa as their home; Adams State University: a four-year, state-supported university founded in 1921, and Trinidad State Junior College: a two-year college that offers many degrees. Alamosa is home to Cattails Golf Course, an 18-hole championship course with a clubhouse that opened in 2008. As of 2017, the city population was approximately 9,871 people. Alamosa was known for the Rio Grande Railroad and was an important rail center. The railroad had an extensive construction, repair and shipping facility in Alamosa for many years and headquartered its remaining narrow gauge service here with trackage reaching many points throughout southwest Colorado and northern New Mexico.
ROMEO IS LOCATED ±20 MILES
OUTSIDE OF ALAMOSA, THE COUNTY
SEAT OF ALAMOSA COUNTY.
ABOUT ROMEO | COLORADO
DOLLAR GENERAL | ROMEO, CO
PROPERTY
SURVEYSURVEY OVERLAY IS APPROXIMATE BUYER TO VERIFY ALL INFORMATION
DOLLAR GENERAL | ROMEO, CO Dollar General Corporation has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money.
Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies,
clothing for the family, housewares and seasonal items at low everyday prices in convenient neighborhood locations. Dollar General operated
15,472 stores in 44 states as of March 2019. In addition to high quality private brands, Dollar General sells products from America's
most-trusted brands such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg's, General Mills, Nabisco, Hanes, PepsiCo and Coca-Cola.
STRATEGY Dollar General sells similar products as wholesale retailers WalMart (WMT) and Target (TGT), but typically at lower prices. Because
of this, during harsh economic conditions, many consumers may make the change of shopping at Dollar General instead of a regular wholesale
retailer. Dollar General’s (DG) business strategy revolves around driving profitable top line growth while enhancing its low-cost operator position
and capturing new growth opportunities. The company attempts to drive profitable top line growth through strategies like improving the in-stock
position of its stores and continuously offering products at competitive prices.
THERE ARE MORE THAN ±15,590 DOLLAR GENERAL LOCATIONS.
CHIPOTLE | CHICAGO, IL
AREA DEMOGRAPHICS
POPULATION 3 MILE 5 MILE 10 MILE HOUSEHOLDS 3 MILE 5 MILE 10 MILE
HOUSING 3 MILE 5 MILE 10 MILE
TRAFFIC COUNTS
TOTAL POPULATION 2020
MEDIAN AGE
AVERAGE HH INCOME
MEDIAN HH INCOME MEDIAN HOME VALUE
MEDIAN YEAR BUILT
S MAIN ST US HWY 285
±6,500 RESIDENTSW I T H I N 5 M I L E S
$50,000 AVG INCOMEW I T H I N 5 M I L E S
1 ,521 2,383 6,534
35.4 36 .3 37.7
SK BEAUTY | SNELLVILLE, GA
INCOME 3 MILE 5 MILE 10 MILE$51 ,046 $50,391 $49,615
$36,646 $35,409 $35,363
TOTAL HOUSEHOLDS 2020
AVERAGE HH SIZE
AVERAGE HH VEHICLES
558 860 2,450
2 .8 2 .8 2.7
2 2 2
$ 1 16 ,470 $ 1 14 ,980 $ 1 13 ,731
1971 1971 1970
±2 ,678 VDP±5,485 VDP
CONFIDENTIALITY DISCLAIMER
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Bang Realty and it should not be made available to any other person or entity without the written consent of Bang Realty. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not
photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to Bang Realty. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish
only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Bang Realty has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence of absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant,
or any tenant’s plans or intentions to continue its occupancy of the subject property. Additional information and an opportunity to inspect the Property will be made available upon written request to interested and qualified prospective investors. The information contained in this offering memorandum has been obtained from
sources we believe reliable; however,
Bang Realty has not verified, and will not verify, any of the information contained herein, nor has Bang Realty conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate
measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property. The information contained herein has been obtained from the owner of the property or from other sources we deem reliable. We have no reason to doubt its accuracy, but
we do not guarantee it. If you have no interest in the Property, please return this Offering Memorandum to Bang Realty.