family dollar New absolute NNN 260,000 residents in a 5-mile radius [ REPRESENTATIVE PHOTO ] IEW SIMILAR P O V RO T P K ER IC T • Build-to-suit location I L E C S • Increases throughout the base term and options portfolio • Rare infill high density location 366 Aldine Bender Rd., Houston, TX 77060 [ www.CapitalPacific.com ] Click for Map PROperty Summary Listing Team Contact Info THE SUBJect prOpertY IS A NEW NNN BUILD-TO-SUIT FAMILY RICK SANNER DOLLAR IN HOUSTON, TX WITH attractiVE 10% INCREASES IN [email protected] | (415) 274-2709 THE BASE TERM AND OptiONS. THE prOpertY IS FREEStaNDING, CA BRE# 01792433 IN A HIGH GROWTH, HIGH DENSITY AREA OF HOUSTON. THERE ARE aaron susman OVER $200,000 RESIDENTS WITHIN A 5-MILE RADIUS. [email protected] | (415) 481-0377 CA BRE# 01961568 PRICE: $2,085,113 CAP: 5.75% In conjunction with TX Licensed Broker: RENtabLE SF ...............8,353 SF Peter Ellis PRICE PER SF ...............$249.62 [email protected] | (210) 325-7578 LAND AREA ............... 0.89 AC CURRENT RENT ............$14.35/SF Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team. faMILY DOLLAR | 2 [ REPRESENTATIVE PHOTO ] core characteristics LOCATION HIGHLIGHTS The subject property is located within the outer loop of Houston, TX, along Aldine Bender Rd., a highly-trafficked six lane thoroughfare. Monument Over 95K people within a 3-mile radius and signage provides excellent visibility. Aldine Bender Rd. connects commuters nearly 260K people within a 5-mile radius and residents to Interstate 45 to the west and Interstate 69 to the east. The site benefits from outstanding demographics of over 95,000 residents within a 3-mile radius, and nearly 260,000 residents within a 5-mile radius. LEASE HIGHLIGHTS Tenants in the immediate area include Subway, Dairy Queen, NAPA Auto • 15 year lease (commenced November 2015) with 10% increases in year Parts, and Little Caesars Pizza. eleven (11) in the base term and throughout the six (6) five-year options. • New construction STRONG TENANT • This is an absolute NNN lease with zero Landlord responsibilities In July, 2015, Family Dollar was acquired by, Dollar Tree, Inc. Post-merger, the combined company has a net worth of $4.40 billion, produces annual revenues in excess of $19 billion, and operates more than 14,000 stores, making it the largest discount retailer in North America. [ REPRESENTATIVE PHOTO ] faMILY DOLLAR | 3 aerial y p Oak Forest MFallbrookc DLendonrive Greenspoint Mall Shopping Center Towne Crossing 8 HOUSTON West Road Plaza CITY CENTER HOUSING 45 Black (259,981 RESIDENTS Aldine Senior North 45 Plaza Elementary WITHIN 5-MILES) High School Marcella 610 Intermediate School Fonville Joe E Middle Moreno Cotillion Drive School Elementary Odom Elementary Northline Commons 15,900 DAILY 45 Aldine Bender Rd. 8 TS Hardy Toll Road Grantham Raymond Middle Grace Calvert School Elementary Elementary YES Prep- North Central Aldine Bender Road Coop Garcia Elementary Elementary GEORGE BUSH INTERCONTINENTAL AIRPORT Sam Houston Tollway 69 610 faMILY DOLLAR | 4 income & expense PRICE $2,085,113 Price Per Square Foot: $249.62 Capitalization Rate: 5.75% Total Rentable Area (SF): 8,353 Lot Size (AC): 0.89 STABILIZED INCOME Per Square Foot Scheduled Rent $14.35 $119,894 Effective Gross Income $14.35 $119,894 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses NNN $0.00 EQUALS NET OPERATING INCOME $119,894 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. [ REPRESENTATIVE PHOTO ] [ REPRESENTATIVE PHOTO ] faMILY DOLLAR | 5 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 8,353 11/08/15 11/07/25 $119,894 $9,991 $119,894 $1.20 $14.35 11/08/25 11/07/30 $10,990 $131,883 $1.32 $15.79 Option 1 11/08/30 11/07/35 $12,089 $145,072 $1.45 $17.37 Option 2 11/08/35 11/07/40 $13,298 $159,579 $1.59 $19.10 Option 3 11/08/40 11/07/45 $14,628 $175,537 $1.75 $21.01 Option 4 11/08/45 11/07/50 $16,091 $193,090 $1.93 $23.12 Option 5 11/08/50 11/07/55 $17,700 $212,400 $2.12 $25.43 Option 6 11/08/55 11/07/60 $19,470 $233,639 $2.33 $27.97 Totals: 8,353 $119,894 $9,991 $119,894 $1.20 $14.35 There are six (6) five year options with 10% increases. 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 | 6 site plan SITE PLAN KEY Parcel OUTLINE: lOT SIZE: 0.89 ac RENTABLE SF: 8,353 SF INGRESS/EGRESS: rive D Cotillion NOT A PART NOT A PART PYLON SIGN Aldine Bender Road 15,900 DAILY This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies. faMILY DOLLAR | 7 tenant overview [ REPRESENTATIVE PHOTO ] [ REPRESENTATIVE PHOTO ] ABOUT faMILY DOLLAR NUMBER OF EMPLOYEES With over 8,100 stores in 46 states and the District of Columbia, Family Dollar is the nation’s second largest 50,000 dollar store. The company also operates nine distribution centers that are each over 900,000 SF. 2014 SALES Family Dollar targets women shopping for a family earning less than $40,000 a year. Consumables (food, $10.49 Billion health, beauty aids, and household items) account for about two-thirds of sales. Family Dollar also sells apparel, shoes, and linens. NUMBER OF LOCATIONS Family Dollar stores are low-format and are located in low and middle-income rural and urban areas. 8,100 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 and net income was $284 million. In July, 2015, Family Dollar was acquired by, Dollar Tree, Inc. The acquisition price for Family Dollar was $9 billion in cash and Dollar Tree stock. The combined Dollar Tree-Family Dollar entity is now the largest discounter in North America with over 13,000 stores in 48 states and Canada with annual sales over $19 billion. Both brands will continue to operate separately. www.familydollar.com faMILY DOLLAR | 8 famILY DOLLAR LocatION demographics & regional map Population 1-Mile 3-Mile 5-Mile 2010 17,867 88,931 237,365 2015 18,645 95,723 259,981 2021 19,720 102,310 281,213 15,900 DAILY Aldine Bender Rd. 2016 HOUSEHOLD INCOMES 1-Mile 3-Mile 5-Mile Average $41,470 $42,016 $47,593 REGIONAL MAP Median $29,988 $31,762 $36,896 TOP EMPLOYERS IN HOUSTON Memorial Hermann Healthcare System 20 MIN The University of Texas M.D. Anderson Cancer Center 16 MILES ExxonMobil Shell Oil Company DOWNTOWN HOUSTON faMILY DOLLAR | 9 location ABOUT HOUSTON, TX With a population of about 2.1 million, Houston is the fourth-largest city in the United States and the largest city in Texas. Houston is also the seat of Harris County and the economic center of the Houston–Sugar Land–Baytown metropolitan area—the fifth-largest metropolitan area in the U.S. with a population over 6.08 million. Houston’s economy has a broad industrial base in the energy, manufacturing, aeronautics, transportation, and health care sectors; only New York City is home to more Fortune 500 headquarters within its city limits. Most populous city in texas Houston is also home to many cultural institutions and exhibits such as the Houston Museum District, which attracts more than 7 million visitors each year. Houston has an active visual and performing arts scene in the Theater District and is one of few U.S. cities that has year-round resident companies in all major performing arts. Because of these strengths, Houston is designated as a global city by the Globalization and World Cities Study Group and Network and global management consulting firm A.T. Kearney. Houston has been one of the fastest growing areas in the country for many years. faMILY DOLLAR | 10 A unique HUMAN THE CAPItaL pacIFIC EXPERIENCE - OUR DAILY COMMITMENT TO OUR CLIENTS RESULTS-DRIVEN client experience [ www.CapitalPacific.com ] [ REPRESENTATIVE PHOTO ] Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team. RICK SANNER [email protected] | (415) 274-2709 CA BRE# 01792433 CHRIS kostaNECKI ZEB RIPPLE CHRIS PETERS JOHN ANDREINI AARON SUSMAN In conjunction with TX Licensed Broker: DAVE LUCAS JOE CACCAMO [email protected] | (415) 481-0377 Peter Ellis ZANDY SMITH GREGG STEELE CA BRE# 01961568 [email protected] | (210) 325-7578 JACK NAVARRA KARLA ZENS [ Copyright © 2016 Capital Pacific ] 10-10-11 Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. Information About Brokerage Services efore working with a real estate broker, you intermediary.