SINGLE TENANT INVESTMENT PROPERTY FOR SALE: DOLLAR TREE

Transcription

1 SINGLE TENANT INVESTMENT PROPERTY FOR SALE: DOLLAR TREE 399 E BROAD STREET BRIDGETON, NJ OFFERED EXCLUSIVELY BY: Christie Amezquita, CCIM T , Ext christie@read-king.com In association with Jason Wolf & Leor R. Hemo, NJ Broker Broker License # Read King Commercial Real Estate 5850 San Felipe, Suite 490 Houston, TX T SITE

2 M A R K E T A ERIA L New Jersey s first zoo, 1,100 acres, more than 200 birds and mammals from around the world. Bridgeton High School 552 Student Enrollment: 867 Teachers: SOUTH EAST AVE MILL ST EAST LAKE E COM MERCE 49 T OAD S E BR WILL OW ST Street AADT E Broad St: 13,312 E Ave S: E Commerce St: 2012 estimates, * ,913 4,848* DE MOGRAP HICS Population: Med. Household Income: Daytime Pop: 1 Mile 3 Mile 5 Mile 15,828 32,354 42,195 $ 40,990 $ 45,870 $ 51,776 7,259 8,331 8, Digital Map Products. All rights reserved BU CK SH UT EM RD S ITE BRIDGETON TR A FFIC CO U N T S ST Rutgers Food Innovations Center 23,000 SF Buckshutem Road School Student Enrollment: 404 COHANSEY RIVER Cherry Street Elementary School Student Enrollment: 580

3 SI TE PLA N MILL STREET SI T E SOUTH EAST AVENUE E BROAD ST 49

4 INVESTMENT SUMMARY TENANT OVERVIEW ADDRESS: 399 E Broad Street, Bridgeton, NJ SALE PRICE: $1,149, NOI: $80,456 CAP RATE: 7.00% RENT INCREASES: $.50 increases per option period EXTERIOR ELEVATION TERM: 10 years MARKET OVERVIEW OPTIONS: 3 (5) year options Bridgeton, NJ, located within Cumberland County, is situated on the FORTUNE 500 COMPANY BUILDING SIZE: LAND SIZE: ±9,040 SF ±5.91 AC RENT COMMENCEMENT: 8/1/15 LEASE TYPE: LANDLORD RESPONSIBILITIES: NN Roof/Structure Cohansey River, near Delaware Bay in the southern part of the state. Bridgeton is approximately one hour away from both Philadelphia, Pennsylvania and Wilmington, Delaware. The City of Bridgeton is home to the Rutgers Food Innovation Center. This 23,000 SF facility is a unique business incubation and economic development accelerator program, which provides business and technology expertise to small and mid-sized food and agribusiness companies in New Jersey and the Mid-Atlantic and Northeast regions, and utilizes its outreach capacity to reach food and agribusinesses throughout the world. Over 1,200 companies and entrepreneurs have been assisted since the Center began operations. source: COMPANY: Dollar Tree, Inc. STOCK SYMBOL: DLTR EXCHANGE: NASDAQ HEADQUARTERED: Chesapeake, VA WEBSITE: FOUNDED: Founded in 1986, IPO in NET SALES: $7.8 billion EMPLOYEES: approximately 17,600 full-time / 69,800 part-time (as of February 1, 2014) Dollar Tree is a Fortune 500 publicly traded company with over 5,080 stores, nearly $8 billion in Revenue, $600 million in Net Income and a $1.3 billion Net Worth Growing Tenant Dollar Tree opened 400+ with their new stores, relocations and expansions. First quarter 2014 sales set a record $2 billion increase, up 7.20% over Q NO. OF STORES: Over 5,080 in 48 states across the US *Information as of May, 2014, Source Yahoo Finance RENT ROLL Tenant Unit SF Rent PSF Annual Rent Estimated Taxes/Ins Absolute NN Term Delivery Date Options Rent Commencement Dollar Tree Stores, Inc 9,040 $8.90 $80, Taxes $2.50 psf Ins $.30 psf NN 10 years 6/1/15 3, 5 year renewal options with $.50 psf bumps each option period 8/1/15 Although Read King Commercial has obtained the information contained herein from sources it believes to be reliable, and believes the information to be correct, no representations or warranties, express or implied, are made as to the accuracy or reliability of this information. Any references to square footage or age are approximate only. The recipient bears sole responsibility for verification of the accuracy of the information contained herein and bears all risk for any inaccuracies. Read King Commercial shall have no liability or responsibility to any party for any loss or damage arising from reliance by any party on the information contained herein.

5 *All logos displayed are for identification purposes only and may be trademarks of their respective companies. Although Read King Commercial has obtained the information contained herein from sources it believes to be reliable, and believes the information to be correct, no representations or warranties, express or implied, are made as to the accuracy or reliability of this information. Any references to square footage or age are approximate only. The recipient bears sole responsibility for verification of the accuracy of the information contained herein and bears all risk for any inaccuracies. Read King Commercial shall have no liability or responsibility to any party for any loss or damage arising from reliance by any party on the information contained herein.