Investment Real Estate New Family Dollar Relocation Store Saginaw, MI $1,913,862 6.50% cap rate (Prototype store design. Final design is all brick) Highlights New 2016 Construction Relocation Store Replacing Existing Store #2154 All-Brick Building Hard Corner of Signalized Intersection Located Near Many National Tenants, Including: Walgreens, Rite Aid, Mc- Donald s, Burger King, Taco Bell, 7-Eleven, Walmart, The Home Depot, Sam s Club, Target, Lowe s, Cabela s, Meijer, Food Depot, Fashion Square Mall, and many more. Over 107,000 Residents within 5 Miles $50,443 Average Household Income, with Positive Growth Trends 26,100 AADT on Michigan Avenue Jared Meyers 801.438.0018 jmeyers@sagecp.com Justin Wilson 801.438.0017 jwilson@sagecp.com
Investment Summary 404 W Genesee Ave Saginaw, MI Asking Price Cap Rate Annual Rent Lease Term Renewal Options Rent Increases $1,913,862 6.50% $124,401 15 years 6 five year 10% in yr 11 and each option Lease Start Date Lease Type October 2016 NNN - No landlord responsibilities Year Built Rentable Square Feet Land Size 2016 9,180 1.0 Ac Investment Summary: Sage Capital Partners is pleased to present this new construction Family Dollar relocation store in Saginaw, Michigan. This store will relocate the existing Family Dollar store number #2154, which is currently located in the Food Depot shopping center, directly east of the new store at 264 West Genessee Road. The existing store has successfully operated at this location for many years. By relocating the existing store to a new freestanding building, Family Dollar has shown their long-term commitment to this market. This new building will feature an attractive all-brick design. The Area: Located on the hard corner of the signalized intersection of Gennessee Avenue and Michigan Avenue in Saginaw, Michigan, this site enjoys average annual daily traffic counts of 26,100 and is situated just across the Saginaw River from downtown Saginaw. The site is located adjacent to Walgreens and Rite Aid and is near many other national retailers including: McDonald s, Taco Bell, 7-Eleven, Burger King, The Home Depot, Wal-Mart, Lowe s, Target, Meijer, Food Depot, Sam s Club, Cabela s, Fashion Square Mall, and many more. Saginaw is home to many companies and institutions, including: Saginaw Valley State University, Hewlett Packard, GM Powertrain, Hemlock Semiconductor, Dow Corning, Thomson Aerospace & Defense, Covenant Healthcare, MBS International Airport, and many more. The average household income in a 5-mile radius of this property increased by over 7% from 2000 to 2010 and is projected to increase by almost 15% from 2015 to 2020. This is a market with a proven track record of success for Family Dollar. This new store will continue to serve the population of over 107,000 residing within 5 miles. 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. References to square footage or age are approximate. It is the Buyer s responsibility to verify the information and the Buyer will bear all risks of any inaccuracies.
Surrounding Tenants Downtown Saginaw
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Tenant CORPORATE OVERVIEW Family Dollar is a retail chain that focuses on providing value-conscious consumers with a selection of competitively priced merchandise in convenient neighborhood stores. By establishing a standard store layout and having uniform store sizes, Family Dollar is able to reduce unnecessary costs and pass savings to customers. Family Dollar was started in 1959 in Charlotte, NC and now operates more than 8,000 stores in 46 states. Family Dollar s stock is traded on the NYSE under the ticker symbol FDO. The Company is currently rated BBB- by S&P and has a market capitalization of $9.1 Billion. Family Dollar s sales over the last two fiscal years have exceeded $10 Billion and the Company has maintained steady sales growth over the last five fiscal years. On July 27, 2014, Family Dollar entered into a definitive merger agreement with Dollar Tree, Inc, upon the terms and subject to the conditions of which a subsidiary of Dollar Tree will be merged with and into Family Dollar, with Family Dollar continuing as the surviving entity and a wholly-owned subsidiary of Dollar Tree. Website: http://investor.familydollar.com/ Number of Locations: 8,055 Stock Symbol: FDO - NYSE Standard & Poor s Rating: BBB- Revenues: $10.5 Billion
Contact Information Jared Meyers 801.438.0018 jmeyers@sagecp.com Justin Wilson 801.201.7466 jwilson@sagecp.com