Sands Investment Group is pleased to exclusively offer for sale a portfolio
of ten fee simple Dollar General locations located in Oklahoma, Illinois
(x2), Indiana (DG Market), South Carolina, Florida (x2), Alabama, and
Mississippi (x2). Each location offers an absolute triple net (NNN) lease
with primary lease term of 15 years. The average remaining primary
lease term of the portfolio is 12.8 years.
David Litt Foreclosure Specialist - Your Partner in Real Estate Success
Dg portfolio om rev5 2014 04-10
1. 10 UNIT DOLLAR GENERAL PORTFOLIO
OFFERING MEMORANDUM
CAPITALMARKETS|NetLeaseInvestment
SANDS INVESTMENT GROUP
2. SANDS-GROUP.COM
10 UNIT DOLLAR GENERAL PORTFOLIO
SANDS INVESTMENT GROUP | 2701 OCEAN PARK BLVD, SUITE 140 | SANTA MONICA, CA 90405
Table of Contents Exclusively Marketed By
Investment Summary
Tenant Profile
Portfolio Rent Roll
Portfolio Location Map
Property Overviews
Confidentiality Agreement
Sands Investment Group believes the information contained
herein to be reliable. However, we make no guarantees,
representations or warranties of any kind, expressed or implied
regarding this information; including, but not limited to content,
accuracy & reliability. Investors should consult a tax and legal
advisor, as well as verify ALL information prior to the
investment.
ELAN SIEDER
Lic # 01928243
310.774.3753 | DIRECT
elan@sands-group.com
CHRIS SANDS
Lic # 01387583
310.774.3773 | DIRECT
chris@sands-group.com
3. INVESTMENT SUMMARY
10 UNIT DOLLAR GENERAL PORTFOLIO
ASSUMABLE LOAN SUMMARY
UNPAID PRINCIPAL BALANCE $10,121,510
ORIGINAL PRINCIPAL BALANCE $10,178,604
DOWN PAYMENT $7,278,490
INTEREST RATE 4.24%
ANNUAL DEBT SERVICE $600,156
AMORTIZATION 30 Years
MATURITY DATE January 1, 2018
OFFERING SUMMARY
PRICE $17,400,000
NOI $1,111,803
CAP RATE 6.39%
NET CASH FLOW $511,647
CASH ON CASH RETURN 7.03%
COST/BUILDING SF $157.65
Sands Investment Group is pleased to exclusively offer for sale a portfolio
of ten fee simple Dollar General locations located in Oklahoma, Illinois
(x2), Indiana (DG Market), South Carolina, Florida (x2), Alabama, and
Mississippi (x2). Each location offers an absolute triple net (NNN) lease
with primary lease term of 15 years. The average remaining primary
lease term of the portfolio is 12.8 years.
All ten locations are new buildings with completion of construction
occurring between August 2011 and December 2012. Eight of the ten
locations offer base rent amount increases in year 11 of the lease. All ten
locations offer 10% increases in the option periods.
Each location is situated in a community that offers population and
household income demographics that are ideal for Dollar General.
The portfolio features existing CMBS debt at a 4.24% interest rate, 30
year amortization, maturing on January 1, 2018. The investor will make a
down payment of $7,278,490. This allows the investor to capitalize on
positive financial leverage that increases the current return to a 7.03%
cash on cash return. Additionally, principal reduction at the end of each
year will cause the investor to realize a 9.39% total return.
4. TENANT PROFILE
SANDS INVESTMENT GROUP | 310.774.3773 | INFO@SANDS-GROUP.COM
10 UNIT DOLLAR GENERAL PORTFOLIO
Dollar General Corporation, incorporated in 1955, is a discount retailer in
the United States by number of stores, with over 11,000 stores located in
approximately 39 states as off 2013, primarily in the southern,
southwestern, Midwestern and eastern United States.
The Company offers a selection of merchandise, including consumables, seasonal, home
products and apparel. The Company's merchandise includes national brands from manufacturers,
as well as private brand selections with prices at substantial discounts to national brands. It offers
its merchandise at everyday low prices through its convenient small-box (approximately 7,200
square feet) locations.
During the fiscal year ended February 3, 2012 (fiscal 2011), it opened 625 stores and remodeled
or relocated 575 stores, and closed 60 stores. Its small box stores offer consumable items,
including packaged and refrigerated foods.
The average Dollar General store has approximately 7,200 square feet of selling space. During
fiscal 2011, its total store count included 69 Dollar General Market stores, which, in addition to the
merchandise offering of a traditional Dollar General store, feature an expanded food section,
including fresh meat and produce and more frozen and refrigerated foods. During fiscal 2011, it
opened 12 Dollar General Markets, including seven as part of its initial entrance into Nevada. In
addition to the Market stores, it is also testing a large format traditional store with approximately
10,000 square feet of selling space, including an expanded section of coolers and freezers.
DollarGeneral.com
5. RENT ROLL
TENANT NAME
CITY, ST
SIZE MONTHLY RENT LEASE TERM
SQUARE
FOOTAGE
% OF
TOTAL
ANNUAL BASE
RENT RENT / SF
% OF
TOTAL
INCREASE
DATES
RENTAL
INCREASE LEASE BEGIN LEASE END OPTIONS
1.
Dollar General
Tulsa, OK
9,026 8.18% $88,524 $9.81 7.96% 11/1/2021 $91,176 11/1/2011 10/31/2026 5 x 5 Yr
2.
Dollar General
Dongola, IL
9,100 8.25% $80,928 $8.89 7.28% 9/5/2022 $83,355 9/5/2012 8/31/2027 4 x 5 Yr
3.
Dollar General
Coulterville, IL
9,100 8.25% $76,717 $8.43 6.90% 10/4/2021 $79,018 10/4/2011 9/30/2026 2 x 5 Yr
4.
Dollar General Market
Bicknell, IN
20,707 18.76% $264,045 $12.75 23.75% 11/30/2022 $271,966 11/30/2012 10/31/2027 4 x 5 Yr
5.
Dollar General
Fair Play, SC
9,026 8.18% $68,910 $7.63 6.20% 12/1/2022 $70,977 12/1/2012 11/30/2027 3 x 5 Yr
6.
Dollar General
Holly Hill, FL
9,002 8.16% $114,903 $12.76 10.33% 10/13/2026 $126,393 10/13/2011 9/30/2026 4 x 5 Yr
7.
Dollar General
Jacksonville, FL
9,002 8.16% $110,844 $12.31 9.97% 11/1/2026 $121,928 11/1/2011 10/31/2026 4 x 5 Yr
8.
Dollar General
Parrish, AL
12,382 11.22% $136,838 $11.05 12.31% 8/1/2021 $140,943 8/1/2011 7/31/2026 5 x 5 Yr
9.
Dollar General
Laurel, MS
12,382 11.22% $89,065 $7.19 8.01% 1/1/2022 $91,737 1/1/2012 12/31/2026 5 x 5 Yr
10.
Dollar General
Monticello, MS
10,640 9.64% $81,026 $7.62 7.29% 10/1/2021 $83,457 10/1/2011 9/30/2026 5 x 5 Yr
OCCUPIED SF 110,367 100% $1,111,800 $10.07 100%
VACANT SF 0 0% $0 $0.00 0%
TOTAL / WTD AVG 110,367 100% $1,111,800 $10.07 100%
SANDS INVESTMENT GROUP | 310.774.3773 | INFO@SANDS-GROUP.COM
10 UNIT DOLLAR GENERAL PORTFOLIO
6. LOCATION
MAP
10 UNIT DOLLAR GENERAL PORTFOLIO
LEGEND
1 Tulsa, OK
2 Dongola, IL
3 Coulterville, IL
4 Bicknell, IN
5 Fair Play, SC
6 Holly Hill, FL
7 Jacksonville, FL
8 Parrish, AL
9 Laurel, MS
10 Monticello, MS
7. LEASE SUMMARY
LEASE TERM 15 years
TENANT Dollar General Corporation
PREMISES
A building of approximately 9,026 SF in Tulsa,
OK
LEASE COMMENCEMENT November 1, 2011
LEASE EXPIRATION October 31, 2026
RENEWAL OPTIONS 5 x 5 Years
INCREASE DATE
Years 11-15: $91,176
10% Increases in Option periods
LEASE TYPE Triple Net (NNN)
INSURANCE Paid by Tenant
MAINTENANCE & REPAIRS Paid by Tenant
PROPERTY TAXES Paid by Tenant
ROOF & STRUCTURE Paid by Tenant
UTILITIES Paid by Tenant
TULSA, OK
ESTIMATED OPERATING INFORMATION
INCOME
GROSS POTENTIAL RENT $88,524
EXPENSE REIMBURSEMENT NNN
EFFECTIVE GROSS INCOME $88,524
LESS EXPENSES NNN
NET OPERATING INCOME $88,524
SANDS INVESTMENT GROUP | 310.774.3773 | INFO@SANDS-GROUP.COM
9. LEASE SUMMARY
LEASE TERM 15 years
TENANT Dollar General Corporation
PREMISES
A building of approximately 9,100 SF in
Dongola, IL
LEASE COMMENCEMENT September 5, 2012
LEASE EXPIRATION August 31, 2027
RENEWAL OPTIONS 4 x 5 Years
INCREASE DATE
Years 11-15: $83,355.96
10% increases in Option periods
LEASE TYPE Triple Net (NNN)
INSURANCE Paid by Tenant
MAINTENANCE & REPAIRS Paid by Tenant
PROPERTY TAXES Paid by Tenant
ROOF & STRUCTURE Paid by Tenant
UTILITIES Paid by Tenant
DONGOLA, IL
SANDS INVESTMENT GROUP | 310.774.3773 | INFO@SANDS-GROUP.COM
ESTIMATED OPERATING INFORMATION
INCOME
GROSS POTENTIAL RENT $80,928
EXPENSE REIMBURSEMENT NNN
EFFECTIVE GROSS INCOME $80,928
LESS EXPENSES NNN
NET OPERATING INCOME $80,928
11. LEASE SUMMARY
LEASE TERM 15 years
TENANT Dollar General Corporation
PREMISES
A building of approximately 9,100 SF in
Coulterville, IL
LEASE COMMENCEMENT October 4, 2011
LEASE EXPIRATION September 30, 2026
RENEWAL OPTIONS 2 x 5 Years
INCREASE DATE
Years 11-15: $79,018
10% increases in Option periods
LEASE TYPE Triple Net (NNN)
INSURANCE Paid by Tenant
MAINTENANCE & REPAIRS Paid by Tenant
PROPERTY TAXES Paid by Tenant
ROOF & STRUCTURE Paid by Tenant
UTILITIES Paid by Tenant
COULTERVILLE, IL
SANDS INVESTMENT GROUP | 310.774.3773 | INFO@SANDS-GROUP.COM
ESTIMATED OPERATING INFORMATION
INCOME
GROSS POTENTIAL RENT $76,717
EXPENSE REIMBURSEMENT NNN
EFFECTIVE GROSS INCOME $76,717
LESS EXPENSES NNN
NET OPERATING INCOME $76,717
13. LEASE SUMMARY
LEASE TERM 15 years
TENANT Dollar General Corporation
PREMISES
A building of approximately 20,707 SF in
Bicknell, IN
LEASE COMMENCEMENT November 30, 2012
LEASE EXPIRATION October 31, 2027
RENEWAL OPTIONS 4 x 5 Years
INCREASE DATE
Years 11-15: $271,966
10% increases in Option periods
LEASE TYPE Triple Net (NNN)
INSURANCE Paid by Tenant
MAINTENANCE & REPAIRS Paid by Tenant
PROPERTY TAXES Paid by Tenant
ROOF & STRUCTURE Paid by Tenant
UTILITIES Paid by Tenant
BICKNELL, IN
SANDS INVESTMENT GROUP | 310.774.3773 | INFO@SANDS-GROUP.COM
ESTIMATED OPERATING INFORMATION
INCOME
GROSS POTENTIAL RENT $264,045
EXPENSE REIMBURSEMENT NNN
EFFECTIVE GROSS INCOME $264,045
LESS EXPENSES NNN
NET OPERATING INCOME $264,045
701 E. 11TH ST
15. LEASE SUMMARY
LEASE TERM 15 years
TENANT Dollar General Corporation
PREMISES
A building of approximately 9,026 SF in Fair
Play, SC
LEASE COMMENCEMENT December 1, 2012
LEASE EXPIRATION November 30, 2027
RENEWAL OPTIONS 3 x 5 Years
INCREASE DATE
Years 11-15: $70,977
10% increases in Options periods
LEASE TYPE Triple Net (NNN)
INSURANCE Paid by Tenant
MAINTENANCE & REPAIRS Paid by Tenant
PROPERTY TAXES Paid by Tenant
ROOF & STRUCTURE Paid by Tenant
UTILITIES Paid by Tenant
FAIR PLAY, SC
SANDS INVESTMENT GROUP | 310.774.3773 | INFO@SANDS-GROUP.COM
ESTIMATED OPERATING INFORMATION
INCOME
GROSS POTENTIAL RENT $68,910
EXPENSE REIMBURSEMENT NNN
EFFECTIVE GROSS INCOME $68,910
LESS EXPENSES NNN
NET OPERATING INCOME $68,910
17. LEASE SUMMARY
LEASE TERM 15 years
TENANT Dollar General Corporations
PREMISES
A building of approximately 9,002 SF in Hilly
Hill, FL
LEASE COMMENCEMENT October 13, 2011
LEASE EXPIRATION September 30, 2026
RENEWAL OPTIONS 4 x 5 Years
INCREASE DATE Option #1: $126,393
LEASE TYPE Triple Net (NNN)
INSURANCE Paid by Tenant
MAINTENANCE & REPAIRS Paid by Tenant
PROPERTY TAXES Paid by Tenant
ROOF & STRUCTURE Paid by Tenant
UTILITIES Paid by Tenant
HOLLY HILL, FL
SANDS INVESTMENT GROUP | 310.774.3773 | INFO@SANDS-GROUP.COM
ESTIMATED OPERATING INFORMATION
INCOME
GROSS POTENTIAL RENT $114,903
EXPENSE REIMBURSEMENT NNN
EFFECTIVE GROSS INCOME $114,903
LESS EXPENSES NNN
NET OPERATING INCOME $114,903
1800 NORTH NOVA RD
19. LEASE SUMMARY
LEASE TERM 15 years
TENANT Dollar General Corporation
PREMISES
A building of approximately 9,002 SF in
Jacksonville, FL
LEASE COMMENCEMENT November 1, 2011
LEASE EXPIRATION October 31, 2026
RENEWAL OPTIONS 4 x 5 Years
INCREASE DATE Option #1: $121,928
LEASE TYPE Triple Net (NNN)
INSURANCE Paid by Tenant
MAINTENANCE & REPAIRS Paid by Tenant
PROPERTY TAXES Paid by Tenant
ROOF & STRUCTURE Paid by Tenant
UTILITIES Paid by Tenant
JACKSONVILLE, FL
SANDS INVESTMENT GROUP | 310.774.3773 | INFO@SANDS-GROUP.COM
ESTIMATED OPERATING INFORMATION
INCOME
GROSS POTENTIAL RENT $110,844
EXPENSE REIMBURSEMENT NNN
EFFECTIVE GROSS INCOME $110,844
LESS EXPENSES NNN
NET OPERATING INCOME $110,844
21. LEASE SUMMARY
LEASE TERM 15 years
TENANT Dollar General Corporation
PREMISES
A building of approximately 12,382 SF in
Parrish, AL
LEASE COMMENCEMENT August 1, 2011
LEASE EXPIRATION July 31, 2026
RENEWAL OPTIONS 5 x 5 Years
INCREASE DATE
Years 11-15: $140,943
10% increases in Option periods
LEASE TYPE Triple Net (NNN)
INSURANCE Paid by Tenant
MAINTENANCE & REPAIRS Paid by Tenant
PROPERTY TAXES Paid by Tenant
ROOF & STRUCTURE Paid by Tenant
UTILITIES Paid by Tenant
PARRISH, AL
SANDS INVESTMENT GROUP | 310.774.3773 | INFO@SANDS-GROUP.COM
ESTIMATED OPERATING INFORMATION
INCOME
GROSS POTENTIAL RENT $136,838
EXPENSE REIMBURSEMENT NNN
EFFECTIVE GROSS INCOME $136,838
LESS EXPENSES NNN
NET OPERATING INCOME $136,838
23. LEASE SUMMARY
LEASE TERM 15 years
TENANT Dollar General Corporation
PREMISES
A building of approximately12,382 SF in Laurel,
MS
LEASE COMMENCEMENT January 1, 2012
LEASE EXPIRATION December 31, 2026
RENEWAL OPTIONS 5 x 5 Years
INCREASE DATE
Years 11-15: $91,737
10% increases in Option periods
LEASE TYPE Triple Net (NNN)
INSURANCE Paid by Tenant
MAINTENANCE & REPAIRS Paid by Tenant
PROPERTY TAXES Paid by Tenant
ROOF & STRUCTURE Paid by Tenant
UTILITIES Paid by Tenant
LAUREL, MS
SANDS INVESTMENT GROUP | 310.774.3773 | INFO@SANDS-GROUP.COM
ESTIMATED OPERATING INFORMATION
INCOME
GROSS POTENTIAL RENT $89,065
EXPENSE REIMBURSEMENT NNN
EFFECTIVE GROSS INCOME $89,065
LESS EXPENSES NNN
NET OPERATING INCOME $89,065
25. LEASE SUMMARY
LEASE TERM 15 years
TENANT Dollar General Corporation
PREMISES
A building of approximately 10,640 SF in
Monticello,MS
LEASE COMMENCEMENT October 1, 2011
LEASE EXPIRATION September 30, 2026
RENEWAL OPTIONS 5 x 5 Years
INCREASE DATE
Years 11-15: $83,457
10% increases in Option periods
LEASE TYPE Triple Net (NNN)
INSURANCE Paid by Tenant
MAINTENANCE & REPAIRS Paid by Tenant
PROPERTY TAXES Paid by Tenant
ROOF & STRUCTURE Paid by Tenant
UTILITIES Paid by Tenant
MONTICELLO, MS
SANDS INVESTMENT GROUP | 310.774.3773 | INFO@SANDS-GROUP.COM
ESTIMATED OPERATING INFORMATION
INCOME
GROSS POTENTIAL RENT $81,026
EXPENSE REIMBURSEMENT NNN
EFFECTIVE GROSS INCOME $81,026
LESS EXPENSES NNN
NET OPERATING INCOME $81,026
27. CONFIDENTIALITY AGREEMENT
310.774.3773 | INFO@SANDS-GROUP.COM | 2701 OCEAN PARK BLVD, SUITE 140 | SANTA MONICA, CA 90405
10 UNIT DOLLAR GENERAL PORTFOLIO
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 Sands Investment Group and should not be made available to any other person or
entity without the written consent of Sands Investment 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, and makes no warranty or
representation, with respect to the income or expenses for the subject property, the future projected financial performance of the
property, the size and square footage of the property and improvements, the presence or absence of contaminating substances,
PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the
financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject
property.
The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands
Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment 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.
SANDS INVESTMENT GROUP
By receipt of this Memorandum, you agree that this Memorandum and its contents are of
confidential nature, that you will hold and treat it in the strictest confidence and that you will not
disclose its contents in any manner detrimental to the interest of the Owner. You also agree that
by accepting this Memorandum you agree to release Sands Investment Group and hold it
harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/
or purchase of this property.
28. 310.774.3773 | F: 844.328.5905 | In Partnership with KW Commercial | INFO@SANDS-GROUP.COM | 2701 OCEAN PARK BLVD, SUITE 140 | SANTA MONICA, CA 90405
Exclusively Marketed By:
ELAN SIEDER CHRIS SANDS
CA # 01928243 CA # 01387583
310.774.3753 | DIRECT 310.774.3773 | DIRECT
elan@sands-group.com chris@sands-group.com