Dollar Tree 915 S Hwy 377 Aubrey, TX 76227 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY
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1 Dollar Tree 915 S Hwy 377 Aubrey, TX 76227 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY: CLIFTON MCCRORY CHRIS SANDS RYAN SOMPAYRAC Lic. # 99847 Lic. # 93103 Lic. # 121140 540.255.5496 | DIRECT 310.870.3282 | DIRECT 843.310.3441 | DIRECT [email protected] [email protected] [email protected] 305 Camp Craft Rd, Suite 550 WestlaKe Hills, TX 78746 844.4.SIG.NNN www.SIGnnn.com In Cooperation With Sands Investment Group Austin, LLC Lic. #9004706 BoR: Max Freedman TX Lic. # 644481 SANDS INVESTMENT GROUP 3 TABLE OF CONTENTS 04 06 07 12 14 INVESTMENT OVERVIEW LEASE ABSTRACT PROPERTY OVERVIEW AREA OVERVIEW TENANT OVERVIEW Investment Summary Lease Summary Property Images City Overview Tenant Profile Investment Highlights Rent Roll Location, Aerial & Retail Maps Demographics © 2021 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum’, has been obtained from sources believed to be reliable. Sands Investment Group does not doubt its accuracy; however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine its accuracy and completeness. Any and all proJections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these proJections, market assumptions and cash flow analysis are subJect to change with property and market conditions. Sands Investment Group encourages all potential interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction. ACTUAL PROPERTY IMAGE SANDS INVESTMENT GROUP 4 INVESTMENT SUMMARY Sands Investment Group is Pleased to Present Exclusively For Sale the 8 , 320 SF Dollar Tree Located at 915 S Hwy 377 in Aubrey, TX. This Deal Includes Six 5 - Year Options to Extend With 10% Rent Escalations at Each Option, Providing For an Attractive Investment. OFFERING SUMMARY PRICE $ 1,638,943 CAP 7.00% NOI* $114,726 PRICE PER SF $196.99 GUARANTOR Corporate *NOI Includes $4,000 in Annual Billboard Rent PROPERTY SUMMARY ADDRESS 915 S Hwy 377 Aubrey, TX 76227 COUNTY Denton BUILDING AREA 8,320 SF LAND AREA 1.00 AC BUILT 2012 DOLLAR TREE 5 HIGHLIGHTS § Six 5-Year Options to Extend With 10% Rent § High Visibility With Frontage Along US 377 Escalations at Each Option Which Sees Over 14,872 VPD § Dollar Tree Inc. is an Investment Grade § Population Growth Expected to Be Over 13% Company With an S&P Rating of BBB- Within a 5-Mile Radius Bringing the Total Population to Well Over 17,500 People By 2026 § Dollar Tree is RanKed #131 on the Fortune 500 and Operates Over 15,772 Locations Across the § Nearby Tenants Include: Dollar General, Sonic, Country Walmart Supercenter, Subway, ALDI, StarbucKs, Anytime Fitness, CVS Pharmacy, ChicK-fil-A, Taco Bell, Panda Express and More ACTUAL PROPERTY IMAGE LEASE SUMMARY6 TENANT Dollar Tree PREMISES A Building of Approximately 8,320 SF LEASE COMMENCEMENT August 1, 2012 LEASE EXPIRATION March 31, 2028 LEASE TERM ~7 Years Remaining RENEWAL OPTIONS 6 x 5 Years RENT INCREASES 10% at Options LEASE TYPE Triple Net (NNN) USE Dollar Store PROPERTY TAXES Tenant’s Responsibility INSURANCE Tenant’s Responsibility COMMON AREA Tenant’s Responsibility ROOF & STRUCTURE Landlord’s Responsibility Tenant’s Responsibility PARKING LOT (Capped at $1,500 Per Year) REPAIRS & MAINTENANCE Tenant’s Responsibility HVAC Tenant’s Responsibility UTILITIES* Tenant’s Responsibility RIGHT OF FIRST REFUSAL No *Landlord is Responsible For All Exterior Utility Lines and Pipes to the Point of Entry Into the Building SQUARE ANNUAL RENT FOOTAGE BASE RENT PER SF 8,320 SF $110,726 $13.31 ACTUAL PROPERTY IMAGES 7 8 DALLAS FORT WORTH 9 10 Highmeadow Dr 11 E University Dr DALLAS, TX AUBREY | DENTON COUNTY | TEXAS 12 Aubrey is located in northeast Denton County. The City is located in North Central Texas and covers approximately four square miles. It has boundary agreements with neighboring communities for ultimate growth of approximately 40 square miles of the Dallas/Fort Worth Metroplex (“DFW”). Aubrey is located just 13 miles from the Dallas North Tollway, 13 miles from IH-35, and 35 miles from the Dallas /Fort Worth International Airport. Located just north of Dallas, Aubrey has been home to a welcoming blend of authentic small-town charm and genuine Southern hospitality for more than a hundred years. The unique location of Aubrey is ideal for industrial, corporate, and residential communities. The largest industries in Aubrey, TX are Construction, Health Care & Social Assistance, and Retail Trade. The major employers of the city include Aubrey ISD, Quality Excavation, City of Aubrey and US Post Office. As the DFW metroplex continues to grow and becomes more densely populated, Aubrey's proximity to the Legacy and north Dallas business centers and DFW International Airport makes Aubrey grow better. Due to its close proximity to Dallas it benefits a lot from the major city. Dallas is the largest economic center of the 12-county Dallas–Fort Worth metroplex metropolitan area. he city's economy is primarily based on banking, commerce, telecommunications, technology, energy, healthcare and medical research, and transportation and logistics. The city is home to the third- largest concentration of Fortune 500 companies in the nation (behind New York City and Houston). Nestled in the heart of “Horse Country USA”, Aubrey serves as a gateway to beautiful Lake Ray Roberts. Hospitality finds its home in Aubrey, as a community, it is family friendly, welcoming, fully involved and invested in our rich heritage, vibrant present and exciting, sustainable future. It has some really beautiful family parks such as Frisco Commons park, Little Elm park and many more. The City of Aubrey's proximity to Lake Lewisville, and the Greenbelt make the City of Aubrey a wonderful place to call home. Just a drive away from the city is the major city Dallas. Dallas is famous for professional sports teams. The Cowboys Stadium in Arlington is home of the Dallas Cowboys and the team’s famous cheerleaders; other professionalsports teams include the Texas Rangers, Dallas Mavericks, and FC Dallas. DALLAS FORT WORTH LAKE RAY ROBERTS INTERNATIONAL AIRPORT 13 (14,872 VPD) (4,217 VPD) Spring Hill Rd 3 MILES 5 MILES 10 MILES Aubrey Creek Estates POPULATION 6,734 15,480 175,446 The Woodlands AVERAGE HH $96,896 $109,680 $106,506 INCOME 14 DOLLAR TREE TENANT PROFILE Dollar Tree, Inc., a Fortune 200 company, is a leading operator of discount variety stores that has served North America for more than thirty years. The Company is proudly headquartered in ChesapeaKe, Virginia and operates 15,772 (as of May 1, 2021) stores across the 48 contiguous states and five Canadian proVinces, supported by a coast-to-coast logistics network and more than 193,000 associates. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It proVides consumable merchandise, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise. COMPANY TYPE FOUNDED # OF LOCATIONS HEADQUARTERS WEBSITE NASDAQ: DLTR 1986 15,772 Chesapeake, VA dollartree.com ACTUAL PROPERTY IMAGE SANDS INVESTMENT GROUP 15 CONFIDENTIALITY AGREEMENT 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 Sands Investment Group and should not be made available to any other person or entity without the written consent of Sands Investment Group. This Offering Memorandum has been prepared to provide summary, unverified 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, 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 or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group 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. By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree that by accepting this Memorandum you agree to release Sands Investment Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property. SANDS INVESTMENT GROUP 16 ABOUT BROKERAGE SERVICES Before working with a real estate broker, you should know that the duties of a Broker depend on whom the broker represents.