1. business and industrial
2. construction

Family
Dollar
Subject property: currently
under construction
Absolute NNN
in Clover, SC
109 Guinn Street, Clover SC, 29710
For more info on this opportunity please contact:
Joe Caccamo
Chris Kostanecki
Zeb Ripple
Chris Peters
jcaccamo@capitalpacific.com | (415) 274-7394
CA BRE# 01191110
zripple@capitalpacific.com | (415) 274-2702
CA BRE# 01242540
Capital Pacific collaborates. Click here to meet the rest of our San Francisco team.
ck@capitalpacific.com | (415) 274-2701
CA BRE# 01002010
cpeters@capitalpacific.com | (415) 274-2703
CA BRE# 00869657
In conjunction with SC Licensed Broker:
Stuart Mullen, Commerical Real Estate Carolina, LLC
(704) 661-9800 stuart@rangeds.com
BRAND NEW 15-YEAR ABSOLUTE NNN FAMILY DOLLAR, LESS
THAN 40 MINUTES FROM CHARLOTTE INTERNATIONAL
AIRPORT WITH ATTRACTIVE CPI INCREASES: RELOCATION
OF EXISTING STORE IN MARKET
PRICE: $1,477,701
CAP: 6.35%
Location Highlights
Investment Highlights
RENTABLE SF. . . . 9,180 SF
LAND AREA. . . . . . 1.05 Acres
LEASE TYPE. . . . . . NNN
YEAR BUILT. . . . . . 2015
Site is on HWY 55 in the heart of the Clover Central Business District
Family Dollar had previously been operating in a Piggly Wiggly-anchored center (now Bi-Lo) for more
than 25 years prior to this relocation to a free-standing site. New site features easier vehicular access
and is more central to the residential density of Clover
Site features prominent pylon sign, two-access points, and handsome metal, brick and EFIS (synthetic
stucco) construction
Clover is 37 minutes from the Charlotte-Douglas International Airport off I-85, between Charlotte
and Spartanburg (51 miles away) and is part of the Greater Charlotte MSA
Tenant Highlights
Family Dollar is publicly traded on the NYSE (FDO) with approximately 8,000 stores
2014 chain-wide sales estimated to be $10.4 billion
Lease Highlights
Brand new construction – rent is estimated to commence on April 4, 2015
15-year primary term that features CPI increases adjusted every 3 years not to exceed 6%
for any 3-year period
Lease features six (6) five-year options based on same CPI increase schedule
Corporate lease
Absolute NNN = zero landlord responsibilities
Family Dollar | 2
Access Roads to Major Cities
ain
NM
321
422
321
00
CHARLOTTE
NORTH CAROLINA
Y
IL
A
D
et
re
St
,2
11
ain
nt
ou
sM
ng
Ki
Church Street
eet
Guinn Str
55
Stre
et
Clover is 37 minutes from the Charlotte-Douglas International Airport off I-85,
between Charlotte and Spartanburg (51 miles away) and is part of the Greater
Charlotte MSA
FAMILY DOLLAR
ANCHORED CENTER
H&R BLOCK
(Former Family Dollar location)
CITY OF
CLOVER
Blue Eagle
Academy
®
55
y
wa
7
55
h
reet
E
CITY OF
CLOVER
S Ma
in St
Hig
Clover
Middle School
845
321
151
Clover
High School
oad
Farris R
Larne
Elementary
55
Family Dollar | 3
Income & Expense
PRICE
$1,477,701
Price Per Square Foot:
$160.97
Capitalization Rate:
6.35%
Total Rentable Area (SF):
9,180
Lot Size (Acres):
STABILIZED INCOME
Scheduled Rent
LESS
1.05
Per Square Foot
$10.22
$93,834
Per Square Foot
Taxes
NNN
$0.00
Insurance
NNN
$0.00
Operating Expenses
NNN
$0.00
EQUALS NET OPERATING INCOME
$93,834
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 | 4
Rent Roll
TENANT INFO
Tenant Name
Family Dollar
Totals:
LEASE TERMS
Sq. Ft.
9,180
9,180
Term
RENT SUMMARY
Current
Rent
Monthly
Rent
Yearly
Rent
Monthly
Rent/FT
Yearly
Rent/FT
$93,834
$7,820
$93,834
$0.85
$10.22
4/4/15
4/3/18
4/4/18
4/3/21
$8,289
$99,464
$0.90
$10.83
4/4/21
4/3/24
$8,786
$105,432
$0.96
$11.48
4/4/24
4/3/27
$9,313
$111,758
$1.01
$12.17
4/4/27
4/3/30
$9,872
$118,463
$1.08
$12.90
$7,820
$93,834
$7,819.50
$10.22
$93,834
Lease features CPI increases adjusted every 3 years not to exceed 6% for each 3-year period. Lease features six (6) five-year options to renew based upon
same CPI rental increase structure. Above calculations assume approximatley 2% annual CPI adjustments per annum.
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 | 5
Family Dollar
About Family Dollar
Operates over 8,100
stores in about
46 U.S. States and
the district of
Colombia
Family Dollar is an American variety store chain, establishing itself as the
nation’s second largest dollar store. It operates more than 8,100 stores in
46 states and the District of Columbia. Family Dollar also operates nine
distribution centers that are each over 900,000 SF.
Family Dollar targets women shopping for a family earning less than
$40,000 a year. Consumables (food, health and beauty aids, and household
items) account for about two-thirds of sales; the stores also sell apparel,
shoes, and linens.
2013 REVENUE
$10.4 billion
NUMBER OF LOCATIONS
8,100
NUMBER OF EMPLOYEES
50,000
Family Dollar emphasizes small-format neighborhood stores near its lowand middle-income customers in rural and urban areas. Most goods and
groceries (national brands, Family Dollar private labels, and unbranded
items) are sold at a variety of discount prices usually costing less than $10.
In January 2015, Family Dollar shareholders approved being bought by
Dollar Tree Inc. The new merger plans to keep both brands and operate
both separate dollar store models.
Family Dollar | 6
Site Plan
eet
Guinn Str
Site Plan Key
Parcel outline:
Land Area:
45,738 SF
Building Area: 9,180 sf
Ingress/Egress:
Church Street
MONUMENT TYPE H
Kings Mountain Street
Site Plan Not To Scale
11,200 DAILY
Family Dollar | 7
Regional Map
Traffic counts in
excess of 11,200
VPD on HWY 55
,
Clover
ina
l
o
r
a
C
South
Family
Dollar
Charlotte
1 H 36 Min
87 Miles
Clover
48 Min
31 Miles
Greenville
1 H 20 Min
79 Miles
Columbia
Family Dollar | 8
Charlotte
Area Insight & Demos
Greenville
Clover
the property is located within driving distance
OF Charlotte Metropolitan area
Columbia
Site is on HWY 55 in the heart of the Clover Central Business
District.
Family Dollar had been operating in a Piggly Wiggly-anchored
center (now Bi-Lo) for more than 25 years prior to this relocation
to free-standing site. New site features easier vehicular access
and is more central to the residential density of Clover.
85
Clover is 37 minutes from the Charlotte-Douglas International
Airport off I-85, between Charlotte and Spartanburg (51 miles
away) and is part of the Greater Charlotte MSA.
77
485
Site features prominent pylon sign, two-access points, and
handsome metal, brick, and EFIS (synthetic stucco) construction.
10 Miles
85
Charlotte
2014 pOPULATION & iNCOME
10 MILE RADIUS
Population
114,747
Average Income
$65,372
2014 pOPULATION & iNCOME
5 MILE RADIUS
Population
18,428
Average Income
$61,660
485
Family
Dollar
5 Miles
77
Family Dollar | 9
Charlotte, SC
Location & Demos
Clover, South Carolina Overview
Clover is located in the greater Charlotte MSA just 30 miles from the
heart of downtown Charlotte and 25 miles from the Charlotte Douglas
International Airport. U.S. Highway 321 comprises Clover’s Main Street,
which runs north and south.
Clover’s close proximity to rapidly growing Charlotte, Rock Hill and
Gastonia, NC allows for a diverse job market.
Charlotte is the largest city in North Carolina, the second largest city
in the Southeast of the U.S., and the third fastest growing major city in
the nation. In 2013, the metropolitan area had a population of over 2
million.
Charlotte has become a major U.S. financial center and is now the
second largest banking center in the U.S. It is also a major center in the
U.S. motorsports industry and base of energy-oriented organizations.
The city has eight Fortune 500 companies in its metropolitan area:
Bank of America, Lowe’s, Nucor, Duke Energy, Sonic Automotive, Family
Dollar, SPX Corp., and Domtar. In 2013, Forbes named Charlotte one of
the Best Places for Business and Careers.
Population
2010
2014
2019
1-Mile
3-Mile
5-Mile
10,152
10,603
11,398
17,901
18,428
19,500
110,881
114,747
120,702
1-Mile
3-Mile
5-Mile
$57,017
$42,107
$61,660
$48,019
$65,372
$48,563
2013 Household incomes
Average
Median
Top Employers in Clover
Employer
# of Employees*
Carolinas Healthcare System
2,281
Wells Fargo
953
Marriott684
Barton Associates
636
*Approximate
Family Dollar | 10
A unique HUMAN
RESULTS-DRIVEN
client experience
The capital pacific experience - our daily commitment to our clients
[ www.CapitalPacific.com ]
Joe Caccamo
jcaccamo@capitalpacific.com | (415) 274-7394
CA BRE# 01191110
Zeb Ripple
zripple@capitalpacific.com | (415) 274-2702
CA BRE# 01002010
Chris Kostanecki
ck@capitalpacific.com | (415) 274-2701
CA BRE# 01002010
Chris Peters
cpeters@capitalpacific.com | (415) 274-2703
CA BRE# 01339983
In conjunction with SC Licensed Broker:
Stuart Mullen, Commerical Real Estate Carolina, LLC
(704) 661-9800 stuart@rangeds.com
Copyright © 2015 [Capital Pacific Real Estate Brokerage Company]