OFFERING MEMORANDUM 3578 HENDERSONVILLE HWY | PISGAH FOREST, NC REPRESENTATIVE PHOTO ™ 3578 HENDERSONVILLE HWY | PISGAH FOREST, NC 3 INVESTMENT SUMMARY EXCLUSIVELY LISTED BY: WESLEY CONNOLLY Associate VIce President 4 D: +1 (949) 432-4512 FINANCIAL SUMMARY M: +1 (707) 477-7185
[email protected] License No. 01962332 (CA) 6 KYLE MATTHEWS Broker of Record TENANT PROFILE License No. C27092 (NC) 7 AREA OVERVIEW 2 Dollar General INVESTMENT SUMMARY 3578 Hendersonville Hwy ADDRESS Pisgah Forest, NC 28769 $1,360,780 6.15% $83,688 ±9,100 SF 2017 LIST PRICE CAP RATE ANNUAL RENT GLA YEAR BUILT PRICE $1,360,780 CAP RATE 6.15% NOI $83,688 INVESTMENT HIGHLIGHTS GLA ±9,100 SF Corporate Guaranteed Essential Retailer LOT SIZE ±6.72 AC • Newer construction building with long term absolute NNN Lease; No YEAR BUILT 2017 Landlord Responsibilities • Dollar General has investment grade rated corporate guarantee • Dollar General has been identified as an essential retailer and has maintained business operations throughout the Covid-19 Pandemic DEMOGRAPHICS Prototypical Dollar General Market 3-MILE 5-MILE 10-MILE • Lack of Major competition in immediate vicinity POPULATION 5,225 17,083 61,536 • 33 miles from Asheville, NC HOUSEHOLDS 2,453 7,440 27,369 • 10 Mile Population in excess of 61,615 HH INCOME $68,333 $73,778 $79,155 • Minutes to John Rock, Looking Glass Rock, and Coontree Mountain Dollar General 3 FINANCIAL SUMMARY ANNUALIZED OPERATING DATA LEASE COMMENCE MONTHLY RENT ANNUAL RENT CAP RATE Lease Type NNN Type of Ownership Fee Simple Current