NET LEASE INVESTMENT OFFERING

Representative Image

FAMILY DOLLAR
437 Captain Gloster Drive, Gloster, MS 39638

TABLE OF CONTENTS

TABLE OF CONTENTS
I. Executive Profile

II. Location Overview

III. Market & Tenant Overview

Executive Summary

Demographic Report

Investment Highlights

Map

Market Overview

Property Overview

Tenant Overview

NET LEASE INVESTMENT OFFERING

Site Plan

DISCLAIMER STATEMENT

DISCLAIMER
STATEMENT:

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 The Boulder Group and should not be made available to any other
person or entity without the written consent of The Boulder 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. The Boulder Group has not made any investigation, and makes
no warranty or representation.
The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable;
however, The Boulder Group has not verified, and will not verify, any of the information contained herein, nor has
The Boulder 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.

NET LEASE INVESTMENT OFFERING

EXECUTIVE SUMMARY & INVESTMENT HIGHLIGHTS

EXECUTIVE
SUMMARY:

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Family Dollar property located in
Gloster, Mississippi. The property is strategically located along the trade areas primary thoroughfare. Family Dollar boasts
strong reported store sales at this location which they have operated at since 2011. There are over six years remaining on
the Family Dollar lease which expires on June 30, 2022. The lease features 10% rental escalations in each of the six 5-year
renewal option periods. Family Dollar was recently acquired by Dollar Tree and is a wholly owned subsidiary of Dollar Tree.
Dollar Tree is publicly traded on the NASDAQ (DLTR) with a market capitalization in excess of $18.5 billion.
The 8,087 square foot building is strategically located on 1.37 acre parcel along the trade areas primary thoroughfare. The
property is accessible from both Captain Gloster Drive and Liberty Road. The Family Dollar property is approximately 50
miles north of Baton Rouge, home of Louisiana State University.

INVESTMENT
HIGHLIGHTS:

Tenant is a subsidiary of a publicly traded company (NASDAQ: DLTR)

with market capitalization in excess of $18.5 billion
Strong reported store sales with a low rent-to-sales ratio
Recently constructed building (2011)
10% rental escalation in each renewal option period
Positioned along the trade areas primary thoroughfare
Minimal landlord responsibilities

NET LEASE INVESTMENT OFFERING

PROPERTY OVERVIEW

PROPERTY
OVERVIEW:

Price:

$815,476

Cap Rate:

8.40%

Rent Schedule:

NOI

Escalation Date

$68,500
$75,350

7/1/22 (Option 1)

$82,885

7/1/27 (Option 2)

$91,174

7/1/32 (Option 3)

$100,291

7/1/37 (Option 4)

$110,320

7/1/42 (Option 5)

$121,352

7/1/47 (Option 6)

Rent Commencement Date:

July 28, 2011

Lease Expiration Date:

June 30, 2022

Renewal Options:

Six 5-Year

Rental Escalations:

10% in Each Option

Tenant:

Family Dollar

Year Built:

2011

Lease Type:

NN (Roof, Structure & Parking Lot Replacement)

Building Size:

8,098 SF

Land Size:

59,587 SF

NET LEASE INVESTMENT OFFERING

LI

TY

SITE PLAN

G
SI

TA

IN

IV

NA

SUBJECT PROPERTY

NET LEASE INVESTMENT OFFERING

MAPS

NET LEASE INVESTMENT OFFERING

DEMOGRAPHIC REPORT & MARKET OVERVIEW

DEMOGRAPHIC
REPORT:

Population

5-Mile

10-Mile

15-Mile

Total Population

2,326

7,088

11,977

Total Households

997

2,913

4,844

5-Mile

10-Mile

15-Mile

$35,328

$40,365

$42,254

Income
Average Household Income

MARKET
OVERVIEW:

Gloster is town in the middle of Amite County, Mississippi. The population was 960
at the 2010 census. It is part of the McComb, Mississippi Micropolitan Statistical
Area. Gloster is located 2 miles south of the Homochitto National Forest. Homochitto
National Forest is a U.S. National Forest in southwestern Mississippi comprised of
191,839 acres.
In 2012, Drax Biomass announced plans to construct a 450,000 metric ton per year
wood pellet production facility in Gloster. The facility was expected to create 45
jobs, and would be called Amite BioEnergy. The town of Gloster is served by the
Amite County School District. The Pine Hills Christian Academy is a private school that offers K-12 education.

NET LEASE INVESTMENT OFFERING

TENANT OVERVIEW

TENANT
OVERVIEW:

Family Dollar offers a compelling assortment of merchandise for the whole family ranging from household cleaners to name
brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. While
shoppers can find many items at $1 or less, most items in the store are priced below $10, which makes shopping fun without
stretching the family budget. . The average size of a Family Dollar store is approximately 7,000 square feet, and most stores are
operated in leased facilities. This relatively small footprint allows the Company to open new stores in rural areas and small town,
as well as in large urban neighborhoods. Within these markets, the stores are located in shopping centers or as free-standing
building and all are convenient to the Companys customer base. Family Dollar was founded in 1959 in Charlotte, North Carolina.
Today, there are over 8,100 locations.
On July 6, 2015 Family Dollar was purchased by Dollar Tree for a total of $9.1 billion. Dollar Tree CEO Bob Sasser said the Family
Dollar acquisition will allow Dollar Tree to extend our reach to low-income customers, while strengthening and diversifying our
footprint. For the Family Dollar stores, Dollar Tree said that it will keep the chains name, and even work to expand both banners.
Dollar Tree also said it will maintain Family Dollars headquarters.
Dollar Tree, Inc. is a publicly traded company (NASDAQ: DLTR) with a market capitalization in excess of $18.5 billion. Dollar Tree
employs of 145,000 people and operates over 13,600 locations.
Family Dollar Information
Website:
Number of Family Dollar Stores:

www.familydollar.com
8,100

Parent Company Information

Company Website:
Stock Symbol:
Market Capitalization:
Standard & Poors Rating:
Number of Total Stores:
Year Founded:
Headquarters:

NET LEASE INVESTMENT OFFERING

www.dollartree.com
NASDAQ: DLTR
$18.5 Billion
BB+
13,600
1991
Chesapeake, VA

Randy Blankstein
President
847.562.0003
randy@bouldergroup.com

John Feeney
Vice President
847.562.9280
john@bouldergroup.com

666 Dundee Road, Suite 1801

Northbrook, IL 60062
www.bouldergroup.com