Family Dollar

family dollar

For more info on this opportunity please contact: Relocation of Existing Store Joe CACCAMO chris kostanecki [email protected] | (415) 274-7394 [email protected] | (415) 274-2701 New orleans MSA - Arabi, LA CA BRE# 01191110 CA BRE# 01002010 zeb ripple Chris peters New Orleans MSA - 7143 St. Claude Ave., Arabi, LA 70032 [email protected] | (415) 274-2702 [email protected] | (415) 274-2703 CA BRE# 01242540 CA BRE# 01339983

Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. BRAND NEW, ABSOLUTE NNN FAMILY DOLLAR WITH a 15 Investment Highlights YEAR PRIMARY TERM IN a DENSE NEW ORLEANS MARKET. RELOCATION OF EXISTING STORE IN MARKET

PRICE: $1,968,384 RENTABLE SF. . .9,180 SF CAP: 6.25% LAND AREA. . . .0.9 Acres LEASE TYPE...... NNN YEAR BUILT. . . .2015

Location highlights The site is located at the hard corner of St. Claude Avenue (LA Hwy 46) and Friscoville Avenue, in St. Bernard Parish, which is just 3.5 miles from the historic French Quarter and 4 miles from downtown New Orleans (approximately a 15 minute drive) St. Claude Avenue is one of two primary commercial arterials in Arabi and has traffic counts exceeding 29,000 vehicles per day Prominent retailers in close proximity include Walmart Supercenter, Lowe’s Home Improvement, The Home Depot, Big Lots, Hibbett Sports, Save-a-lot, Dollar General, and numerous fast-food restaurants and other services The area is very densely populated with more than 93,000 people within a 3-mile radius reLocation highlights The existing Family Dollar store has been operating since 1988 in a strip center located several blocks away on St. Claude. The store is being relocated to more prominent positioning within the market to maximize convenience to customers The existing store will close upon opening of the new store (see aerial for new and current Family Dollar sites)

Lease Highlights Store scheduled to open and rent commenced on September 21, 2015 Lease 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 the 6 (six) five-year options, if exercised Family Dollar | 2 Income & Expense

PRICE $1,968,384 Price Per Square Foot: $214.42 Capitalization Rate: 6.25% Total Rentable Area (SF): 9,180 Lot Size (Acres): 0.90 STABILIZED INCOME Per Square Foot Scheduled Rent $13.40 $123,024 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Maintenance NNN $0.00 EQUALS NET OPERATING INCOME $123,024

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.

Family Dollar | 3 Rent Roll

TENANT INFO LEASE TERMS RENT SUMMARY

Current Monthly Yearly Monthly Yearly Tenant Name Sq. Ft. Term Rent Rent Rent Rent/FT Rent/FT Family Dollar 9,180 Years - 1 - 10* $123,024 $10,252 $123,024 $1.12 $13.40

Years 11 - 15 $11,277 $135,326 $1.23 $14.74

Option 1 Years 16 - 20 $12,405 $148,859 $1.35 $16.22

Option 2 Years 21 - 25 $13,645 $163,745 $1.49 $17.84

Option 3 Years 26 - 30 $15,010 $180,119 $1.64 $19.62

Option 4 Years 31 - 35 $16,511 $198,131 $1.80 $21.58

Option 5 Years 36 - 40 $18,162 $217,945 $1.98 $23.74

Option 6 Years 41 - 45 $19,978 $239,739 $2.18 $26.12

Totals: 9,180 $123,024 $10,252 $123,024 $10,252.00 $13.40

*Building is under construction and rent commenced on September 21, 2015

Family Dollar | 4 St. claude avenue is one of two primary commercial arterials in arabi and has traffic counts exceeding 26,000 vpd

Paris Road

Jean Lafitte Parkway

39 N Claiborne Avenue Arabi Current Store Elementary THE MALL

Light City Christian Academy To be closed upon opening 39 of new store W Judge Perez Drive 29,000 DAILY Andrew Jackson Middle Chalmette St. Claude Avenue School Elementary 46

CF Rowley Alternative School

W St. Bernard Highway 46

46 NEW ORLEANS MISSISSIPPI RIVER

Family Dollar | 5 Building Architecture

Family Dollar | 6 Family Dollar

About family dollar

With over 8,100 stores in 46 states and the District of Columbia, NUMBER OF EMPLOYEES Family Dollar is the nation’s second largest dollar store. The company 50,000 also operates nine distribution centers that are each over 900,000 SF. 2014 SALES $10.49 Billion Family Dollar targets women shopping for a family earning less NUMBER OF LOCATIONS than $40,000 a year. Consumables (food, health, beauty aids, and 8,100 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 January 2015, Family Dollar shareholders approved being bought by Dollar Tree Inc. The new merger plans to keep both brands and operate both separate dollar store models. Family Dollar | 7 Location & Demos 15 Minutes About arabi, LA 4 Miles

Arabi, a census-designated area in St. Bernard Parish, Louisiana, lies on the eastern bank of the Mississippi River, between the Lower 9th Ward of New Orleans and Chalmette within the Greater New Orleans metropolitan area. In the census of 2000, French the city’s population was 8,093. Quarter Arabi is only 4 miles from downtown New Orleans. New Orleans is the largest city and metropolitan area in Louisiana with a Downtown New Orleans population of 1,167,764.

New Orleans has one of the largest and busiest ports in the world and the New Orleans MSA is a center of maritime industry. The city accounts for a significant portion of the nation’s oil refining and petrochemical productions, and servers as a white-collar corporate base for onshore and offshore petroleum and natural gas production. Metropolitan New Orleans is also home of Tulan University, a top-50 research university and major regional hub for the health care industry.

Population 1-Mile 3-Mile 5-Mile 2010 6,092 73,323 220,622 2014 7,437 81,022 240,693 2019 9,264 93,321 272,285

2013 Household incomes Arabi 1-Mile 3-Mile 5-Mile nEW oRLEANS Average $39,472 $47,852 $51,242 4 Miles Median $29,813 $32,064 $33,432

Top Employers In new Orleans Louisiana State University Health Hilton-New Orleans Riverside LSU Public Hospital

Tulane University Family Dollar | 8 US Post Office A unique HUMAN The capital pacific experience - our daily commitment to our clients RESULTS-DRIVEN client experience [ www.CapitalPacific.com ]

Joe CACCAMO chris kostanecki [email protected] | (415) 274-7394 [email protected] | (415) 274-2701 CA BRE# 01191110 CA BRE# 01002010 zeb ripple Chris peters [email protected] | (415) 274-2702 [email protected] | (415) 274-2703 CA BRE# 01242540 CA BRE# 01339983