DOLLAR GENERAL CAPRON, VA - FILE PHOTO - Rhetson Companies
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FILE PHOTO
DOLLAR GENERAL
C A P R O N , VA
B ER K ELEYCA P. C OM | 70 4 . 379.1 9 80
CONTACTS
MIKE LUCIER RANSOME FOOSE
704-943-3158 704-379-1985
lucier@berkeleycap.com foose@berkeleycap.com
STEVE HORVATH CARL BRENDES MICHAEL HOWARD
704-379-1981 704-714-2363 704-943-3160
horvath@berkeleycap.com brendes@berkeleycap.com howard@berkeleycap.com
OFFICE S
CHARLOTTE | NC
1228 East Morehead Street, Suite 200
Charlotte, NC 28204
704.379.1980
NASHVILLE | TN ASHEVILLE | NC
5016 Centennial Boulevard, Suite 200 138 Charlotte Street, Suite 220
Nashville, TN 37209 Asheville, NC 28801
615.647.6514 704.714.2365
BCA VA REAL ESTATE LICENSE NO.: 0886-025-733
LO C AT I O N M A P
LOCATION
17430 Old Lamb Road
Capron, VA 23829
3 B ERKELEYCAP.C OM | 704.379.19 80
P R O P E R T Y D E TA I L S
DOLLAR GENERAL 9,014 3.72±
SQUARE FEET ACRES
17430 OLD LAMB ROAD
CAPRON, VA 23829
INVESTMENT OVERVIEW
TENANT
NET OPERATING INCOME
DOLGENCORP, LLC*
$101,863
41± 2019
PARKING SPACES YEAR BUILT
RENT INCREASES 10% EACH OPTION PERIOD
RENT COMMENCEMENT EXPECTED OCTOBER 1, 2019
RENT EXPIRATION EXPECTED SEPTEMBER 30, 2034
RENT SCHEDULE
LEASE TYPE ABSOLUTE NET LEASE ANNUAL %
YEAR START END RENT INCREASE
ORIGINAL LEASE TERM 15 YEARS
INITIAL TERM 10/1/2019 9/30/2034 $101,863 -
LEASE TERM REMAINING 15 YEARS
OPTION 1 10/1/2034 9/30/2039 $112,050 10.0%
OPTIONS FIVE, 5-YEAR
OPTION 2 10/1/2039 9/30/2044 $123,254 10.0%
RIGHT OF FIRST REFUSAL NO
OPTION 3 10/1/2044 9/30/2049 $135,580 10.0%
*Corporate guaranty - Dollar General Corporation
OPTION 4 10/1/2049 9/30/2054 $149,138 10.0%
OPTION 5 10/1/2054 9/30/2059 $164,052 10.0%
ASKING PRICE
$1,579,271
6 . 4 5 % C A P R AT E
4 B ERKELEYCAP.C OM | 704.379.19 80
INVESTMENT HIGHLIGHTS FILE PHOTO
• CORPORATE GUARANTY | DOLLAR GENERAL CORPORATION
• LONG LEASE TERM | 15 YEARS
• HIGH AVERAGE HOUSEHOLD INCOME WITHIN A 3-MILE
RADIUS | $90,027
• NEW CONSTRUCTION | BUILT 2019
• ABSOLUTE NET LEASE | NO LANDLORD RESPONSIBILITIES DEMOGRAPHIC SNAPSHOT* & TRAFFIC COUNTS
*FOR DETAILED DEMOGRAPHICS, PLEASE CLICK HERE
• 10% RENT INCREASES EACH OPTION
• GREAT VISIBILITY AND CONVENIENT ACCESS FROM $$$
SOUTHAMPTON PKWY | 15,000 VPD
9,237 $90,027
2019 POPULATION WITHIN 2019 AVERAGE HOUSEHOLD
• AGGRESSIVELY EXPANDING TENNAT | PLANS TO DEVELOP
TEN MILES INCOME WITHIN THREE MILES
975 NEW STORES IN 2019 | 15,472 TOTAL STORES
• FILLS A VOID IN THE MARKET
15,000 3,100
TOTAL VPD ON 2019 TOTAL HOUSEHOLDS
SOUTHAMPTON PKWY WITHIN TEN MILES
5 B ERKELEYCAP.C OM | 704.379.19 80
MID-RANGE AERIAL
0 0 VPD
- 15,0
TON PKWY
HAMP
SOUT
Capron Elementary
School
192 students
6 B ERKELEYCAP.C OM | 704.379.19 80Virginia VCU Medical
OVERHEAD AERIAL Center
Commonwealth
865 beds
University (VCU)
31,242 students
RICHMOND
Richmond Int'l
Airport (RIC)
200 flights/day
Virginia State
University
5,500 students
PETERSBURG
Bon Secours St.
Mary's Hospital
391 beds
CAPRON
7 B ERKELEYCAP.C OM | 704.379.19 80SITE PLAN 8 B ERKELEYCAP.C OM | 704.379.19 80
TENANT OVERVIEW
FILE PHOTO
1935 15,597
YEAR FOUNDED LOCATIONS
$$$ $$$
$25.6B 135K $34.5B
TOTAL REVENUE TOTAL EMPLOYEES MARKET CAP
Dollar General Corporation, a discount retailer, provides various
merchandise products in the southern, southwestern, Midwestern, and
eastern United States.
The company offers consumable products, including paper and cleaning
products, packaged food, apparel, health and beauty products, over-
the-counter medicines and personal care products, pet supplies and pet
DOLLAR GENERAL CORPORATION food, and tobacco products. In addition, the company offers seasonal
products comprising decorations, toys, batteries, small electronics,
CREDIT RATING BAA2/BBB
greeting cards, stationery, prepaid phones and accessories, gardening
TICKER SYMBOL NYSE: DG supplies, hardware, and automotive and home office supplies.
TOTAL REVENUE $25.6B
As of March 3, 2019, Dollar General Corporation operated 15,597 stores
MARKET CAP $34.5B
in 44 states. The company was formerly known as J.L. Turner & Son,
FYE FEBRUARY 1, 2019 Inc. and changed its name to Dollar General Corporation in 1968. Dollar
HEADQUARTERS GOODLETTSVILLE, TN General Corporation was founded in 1939 and is based in Goodlettsville,
SOURCE YAHOO! FINANCE Tennessee.
9 B ERKELEYCAP.C OM | 704.379.19 80DEMOGRAPHICS & TRAFFIC COUNTS
15,000 VPD
ON SOUTHAMPTON PKWY
TRAFFIC COUNTS
POPULATION 3-MILE 5-MILE 10-MILE
2024 Projection 1,999 3,098 9,061
2019 Population 2,015 3,139 9,237
2010 Census 2,014 3,140 9,272
2000 Census 1,910 2,942 8,914
2019-2024 Annual Rate -0.16% -0.26% -0.38%
2010-2019 Annual Rate 0.01% 0.00% -0.04%
2000-2010 Annual Rate 0.53% 0.65% 0.39%
HOUSEHOLDS
2024 Total Households 287 665 3,025
2019 Total Households 294 681 3,100
3-MILE
2010 Households 294 684 3,128
2000 Households 258 614 3,010
5-MILE
2019-2024 Annual Rate -0.48% -0.47% -0.49%
2010-2019 Annual Rate 0.00% -0.05% -0.10%
2000-2010 Annual Rate 1.31% 1.09% 0.39%
10-MILE
2019 EST. AVG. HH INCOME $90,027 $84,561 $72,711
10 B ERKELEYCAP.C OM | 704.379.19 80CONFIDENTIALITY DISCLAIMER
Berkeley Capital Advisors, LLC (“BCA”) has been authorized by the owner of the subject property (the AGENT’S DUTIES
“Seller”) to present you with this marketing package. This is a confidential package intended solely for When you contract with a real estate firm to act as your agent in a real estate transaction, the agent
your own limited use and benefit, as a principal, in considering whether you desire to pursue negotia- must help you obtain the best price and terms possible, whether you are the buyer or seller. The agent
tions to acquire the subject property. also owes you the duty to:
• Safeguard and account for any money handled for you
Your receipt and acceptance of this package serves to acknowledge your agreement to: (1) hold the • Act with reasonable skill, care and diligence
information and materials contained herein,and the offering they represent, in the strictest of confi- • Be loyal and follow reasonable and lawful instructions
dence; (2) not disclose, directly or indirectly, the information and materials contained herein,or the • Disclose to you any information which might influence your decision to buy or sell
offering they represent, to any other person, firm or entity without prior written authorization from
BCA or the Seller; (3) not use the information and materials contained herein in any fashion or manner Even if the agent does not represent you, the agent must still be fair and honest and disclose to you
detrimental to the interest of BCA or the Seller; (4) not disturb any tenants in possession of the subject all “material facts” which the agent knows or reasonably should know. A fact is “material” if it relates
property nor reveal to them the offering this package represents. to defects or other conditions affecting the property, or if it may influence your decision to buy or
sell. This does not require a seller’s agent to disclose to the buyer the minimum amount the seller will
This marketing package was prepared by BCA and it has been reviewed by representatives of the Sell- accept, nor does it require
er. The information and materials contained herein are selective and limited in nature, and neither BCA
nor the Seller purports this to be an all-inclusive report on the subject property. Within this package, AGENTS WORKING WITH SELLERS
certain leases, documents and other materials are described in summary form. These summaries do A seller can enter into a “listing agreement” with a real estate firm authorizing the firm and its agent(s)
not purport to be complete nor necessarily accurate descriptions of the full agreements involved, nor to represent the seller in finding a buyer for his property. The listing agreement should state what the
do they purport to constitute a legal analysis of the provisions of those documents. Interested and seller will pay the firm no matter who finds the buyer.
qualified prospective purchasers will be afforded an opportunity to review additional information and
to inspect the subject property, and all such prospective purchasers should conduct their own inde- The listing firm may belong to a listing service to expose the seller’s property to other agents who are
pendent due diligence. members of the service. Some of those agents may be working with buyers as buyers’ agents; others
will be working with buyers but still representing the sellers’ interests as an agent or “subagent”. When
This package is based in part upon information supplied by the Seller and in part upon information ob- the buyer’s agents and seller’s subagents desire to share in the commission the seller pays to the listing
tained by BCA from sources believed to be reliable. All income, expense and/or investment projections firm, the listing agent may share the commission with the seller’s permission.
contained herein are provided for general reference purposes only, in that they are based on assump-
tions relating to the general economy, competition and other factors beyond the control of BCA and AGENTS WORKING WITH BUYERS
the Seller, and all such projections are therefore subject to variation. This package shall not be deemed A buyer may contract with an agent or firm to represent him (as a buyer’s agent), or may work with an
an indication of the state of affairs of the subject property, nor constitute an indication that there has agent or firm that represents the seller (as a seller’s agent or subagent). All parties in the transaction
been no change in the business or affairs of the subject property since the date of preparation of this should find out at the beginning who the agent working with the buyer represents.
package.
If a buyer wants a buyer’s agent to represent him in purchasing a property, the buyer should enter into
Neither BCA, the Seller, nor any of their respective officers, employees or agents, has made or does a “buyer agency agreement” with the agent. The buyer agency agreement should state how the buy-
make any representation or warranty, expressed or implied, as to the accuracy or completeness of this er’s agent will be paid. Unless some other arrangement is made which is satisfactory to the parties, the
package or any of its contents, and no legal commitments or obligations shall arise by reason of this buyer’s agent will be paid by the buyer. Many buyer agency agreements will also obligate the buyer to
package or its contents. pay the buyer’s agent no matter who finds the property that the buyer purchases.
BCA and the Seller expressly reserve the right, at their sole discretion, to alter or amend the terms of A buyer may decide to work with a firm that is acting as agent for the seller (a seller’s agent or sub-
this offering, to reject any or all expressions of interest or offers to acquire the subject property and/ agent). If a buyer does not enter into a buyer agency agreement with the firm that shows him prop-
or to terminate discussions with any entity at any time with or without notice. The Seller shall have no erties, that firm and its agents will show the buyer properties as an agent or subagent working on the
legal commitment or obligation to any entity reviewing this package or making an offer to acquire the seller’s behalf. Such a firm represents the seller (not the buyer) and must disclose that fact to the buyer.
subject property unless and until a written agreement for such acquisition has been fully executed,
delivered and approved by the Seller and any conditions to the Seller’s obligations thereunder have The terms and conditions stated in this Confidentiality & Disclaimer section apply and relate to all of
been satisfied or waived. the sections of this package as if stated independently therein.
Prospective purchasers of the subject property are hereby notified that Berkeley Capital Advisors, and
Parties seeking to act in a third-party brokerage capacity must register their client(s) with BCA prior its agents, are acting in the capacity of a “Seller’s Agent” during the course of this offering, and as such
to receiving or dispersing any marketing information. BCA will not recognize any third-party brokerage are solely representing the interests of the Seller.
relationships without first receiving and approving such written client registration, nor will BCA or the
Seller be obligated for any brokerage claims which may result, regardless of such broker’s involvement
in procuring a purchaser for the subject property.
This package is the property of BCA. Photocopying, re-typing or other duplication of the information
and materials contained herein is expressly prohibited. The information contained within this package
and the offering of the subject property may not be announced, posted or otherwise
publicized in any electronic media (such as, by way of example only, any Internet or “broadcast fac-
simile” communications).
If, after reviewing this package, you have no further interest in acquiring the subject property at this
time, please return this package in its entirety to BCA. Likewise, if the terms contained in this Confiden-
tiality & Disclaimer section are not acceptable to you, please immediately return this package to BCA.C HA R LOTTE | NC N ASH VILLE | T N ASH E V IL L E | N C
1228 East Morehead Street, Suite 200 1510 16th Avenue, Suite 300 138 Charlotte Street, Suite 220
Charlotte, North Carolina 28204 Nashville, Tennessee 32712 Asheville, North Carolina 28801
704.379.1980 615.970.6596 704.714.2365
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