NNN Dollar General For Salr by NetLease


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									                NET LEASED INVESTMENT OFFERING

Dollar General (Austin MSA)
    8017 Bronco Lane
   Lago Vista, TX 78645

                                       TABLE OF CONTENTS


1)    Confidentiality & Disclaimer
2)    Executive Summary
3)    Property Overview
4)    Aerial
5)    Site Plan
6)    Map
7)    Tenant Profile
8)    Demographic Comparison Report
9)    Location Overview
10)   Contact Information

                                                                       CONFIDENTIALITY & DISCLAIMER
                                            NET LEASED INVESTMENT OFFERING

                                   CONFIDENTIALITY & DISCLAIMER

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.

                                                                                          EXECUTIVE SUMMARY
                                               NET LEASED INVESTMENT OFFERING

                                            EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant Dollar General property located within the
Austin MSA. The property is located in Lago Vista, which is 20 miles northwest of Austin. The 9,014 square foot Dollar
General property was built in 2006 and is located on a 1.52 acre land parcel. The lease features 12% rental escalations in
each of the three option periods. Residents living within one mile of the property achieve average household incomes in
excess of $70,000 annually.

The property is located along Bronco Lane and benefits from its location off Ranch Road, a primary thoroughfare in Lago
Vista. Nearby retailers include CVS, Ace Hardware and Lowe’s Market grocery store. The property is located across the
street from Lago Vista Middle School, Lago Vista High School and the Lago Vista Sports Complex which features a nature
preserve, swimming pool, softball fields and lighted tennis courts. Due to a growing population, Lago Vista received a
$29.6 million bond for a new high school which will be completed in 2014. Lago Vista Middle School will be expanding into
the current high school space to accommodate a larger student body.

Dollar General executed a 10 year lease in 2006 with three 5-year renewal options and the lease expires in July 2016.
There are 12% rental escalations in each of the renewal option periods. Dollar General is a publicly traded company on the
New York Stock Exchange (DG), with a market capitalization of $14 billion. Dollar General is an investment grade rated
company with a Standard & Poor’s rating of BBB-.

 •   Located within the Austin MSA

 •   Investment grade company with an S&P rating of BBB-

 •   Average household income in excess of $70,000 within one
     mile of the property

 •   12% rental escalations in each option period

 •   Frontage along primary thoroughfare in the area

 •   Nearby retailers include CVS, Ace Hardware and a Lowe’s
     Market grocery store

 •   The population of Travis County has increased 26% since

                                                                       PROPERTY OVERVIEW
                            NET LEASED INVESTMENT OFFERING

                           PROPERTY OVERVIEW

Price:                           $832,500

Cap Rate:                        8.80%

Rent Schedule:                   NOI               Escalation Date
                                 $ 73,260
                                 $ 82,080          8/1/2016 (Option 1)
                                 $ 91,920          8/1/2021 (Option 2)
                                 $ 102,960         8/1/2026 (Option 3)

Renewal Options:                 Three 5-Year

Lease Commencement Date:         August 1, 2006

Lease Expiration Date:           July 31, 2016

Tenant:                          Dollar General

Credit Rating:                   BBB- (Standard and Poor’s)

Year Built                       2006

Sc sc Lease Type:                NN* (Roof, Structure and Parking Lot Replacement)

Rentable Square Feet:            9,014

Land Size:                       1.52 Acres

*Landlord responsible for roof, structure, parking lot replacement and any HVAC cost over
$1,000. Additionally tenant pays landlord a monthly fee of $262.90 for cost of care and
maintenance of parking lot for remainder of primary term and fee escalates in each renewal
option period.



                                 SITE PLAN




                                                                                          TENANT PROFILE
                                           NET LEASED INVESTMENT OFFERING

                                             TENANT PROFILE

Dollar General Corporation operates as a discount retailer of general merchandise in the southern, southwestern,
midwestern, and eastern United States. As of March 2012, Dollar General operated approximately 10,000 stores
throughout 40 states. Dollar General offers consumables, home cleaning supplies, packaged food and perishables,
beverages and snacks, over-the-counter medicines, personal care products and pet supplies and pet food products. It
also provides seasonal products, prepaid cell phones and accessories, automotive supplies and apparel products. In
2011, Dollar General planned 625 new stores in 35 states as well as the remodeling or relocation of 550 stores.
Additionally, Dollar General hired 6,000 employees in 2011.

Website:                       www.dollargeneral.com
Number of Locations:           10,000 +
Stock Symbol:                  DG : NYSE
Standard & Poor’s Rating:      BBB-
Market Capitalization:         $14 billion
Employees:                     90,000

                                           DEMOGRAPHIC COMPARISON REPORT
                           NET LEASED INVESTMENT OFFERING


Population                   5-mi.              10-mi
                                                10-          15-mi

Total Population            12,155             155,502      352,193
Total Households            5,126               57,736      137,533


Median Household Income     $60,242            $78,347      $83,963
Average Household Income    $80,718            $99,010      $107,614

                                                                                       LOCATION OVERVIEW
                                          NET LEASED INVESTMENT OFFERING

                                         LOCATION OVERVIEW

                            Lago Vista is a city in Travis County, Texas, approximately 20 miles northwest of Austin.
                            Lago Vista is located on the north shore of Lake Travis along the Colorado River. Lake
                            Travis spans 18,000 acres and offers a natural environment with beaches, mountain
                            biking, camping, hiking, boat rentals, marinas, and prime fishing spots. Travis County is
                            located within the Austin MSA. According to the 2010 census Travis County had a
                            population of 1,024,266, an increase of 400,000 since 1990.


                            Austin is the capital of Texas and the county seat of Travis County. According to the
                            2010 U.S. census Austin had a population of 820,000, making it the fourth most
                            populous city in Texas and the 13 most populous city in the United States. Austin is
                            one of the fastest growing cities in the United States evidenced by a 20% population
                            increase over the last ten years.

                            Over the past thirty years Austin has emerged as a center for business and technology.
                            Austin is home to many Fortune 500 companies including Apple, Google, IBM, Texas
                            Instruments, 3M and Whole Foods Market. Dell’s worldwide headquarters is also
                            located in Round Rock, a suburb of Austin. Austin is considered to a major center for
                                                                                                    expansion project
                            high tech companies. Apple is currently in progress of a $300 million exp
                            in Austin which will create over 3,500 jobs. The University of Texas is located within the
city of Austin and has a student population of over 51,000. The University of Texas helps Austin source a steady
flow of employees, which helped Forbes rank Austin as “The Best City for Jobs” in 2012, due to its strong growth
in manufacturing, technology-related employment and business services.


                                                    CONTACT INFORMATION

                 CONTACT INFORMATION

                666 Dundee Road Suite 1801
                    Northbrook, IL 60062

Randy Blankstein                 Jimmy Goodman
President                        Partner
847.562.0003                     847.562.8500
rblank@bouldergroup.com          jimmy@bouldergroup.com


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