Commercial Real Estate California

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New Family Dollar - 4.2M Pedestrians Annually - Calexico CA
FOR sale - NEW 10 YEAR LEASE
FAMILY DOLLAR
408 & 412 E. 2ND STREET, CALEXICO, CA 92231
Calexico & Mexicali - The Twin Cities
INVESTMENT HIGHLIGHT
 
• Brand New 10 Year Lease
• Absolute Net Lease – Minimal Landlord Responsibilities
• Excellent Discount Retail Location - Blocks from U.S. and Mexico Border entry point with over 4.2M Pedestrians and 7.8M Personal Vehicle Passengers crossing in 2017
• Directly across from a 99 Cents Only Store that does over $7m in annual sales* (139% of Average Store Sales). Average store sales are $5.1m (2017)        
• Calexico West Land Port of Entry - 3rd Busiest Border Crossing in California.  Currently undergoing a $370M modernization and expansion increasing the northbound vehicle inspection booths to sixteen (16) from ten (10)
• Corporate Guarantee by Family Dollar, Inc. a Subsidiary of Dollar Tree          
• Family Dollar was acquired by Dollar Tree in 2015 - Market Capitalization of over USD $25 (Bn), NASDAQ: DLTR
• Amazon (eCommerce) Proof – Discount stores are being described as Immune to eCommerce due to their focus on convenience and small store formats according to the leading market research company eMarketer Inc. Article (Dollar Stores’ Growth Opportunities—and Challenges)
• Dollar Tree’s results beat on strong sales at Family Dollar, CNBC, (Article dated August 2017) - Family Dollar exceeded comparable sales expected by analysts
• Financial Strength – S&P 500 Credit Rating of “BB+” and Moody’s of Ba1
This new Family Dollar is located in a high volume area blocks from the Mexico/US border crossing. Over 4.2m pedestrians and 7.2m vehicle passengers cross the border annually. The 99 Cents Only Store directly across the street does over $7m in annual sales which is 139% of the company's average store sales.  Family Dollar sells items between $1 - $15 which is complimentary to Dollar Stores which sell products at $1 or less.

This exceptional investment opportunity is being offered exclusively by CBRE.  Family Dollar is a subsidiary of Dollar Tree (NASDAQ: DLTR) and is a leading discount variety store chain.   This Family Dollar is a brand new fully renovated store located just blocks from the United States and Mexico border crossing site.  This strategic location allows the store to accommodate the 4.2 million pedestrian and 7.8 million personal vehicle passengers crossing through the entry point annually. 
Family Dollar is scheduled to take possession of the property June 1, 2018*.  The initial lease term is 10 years from date of possession.  Family Dollar has six (6) five year options.  Each option includes a five (5%) percent rent increase.
CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
investment summary
 
Family Dollar was purchased by Dollar Tree in 2015.  Dollar Tree the parent company operates 14,744 stores consisting of 6,604 Dollar Tree stores and 8,140 Family Dollar stores, in 48 states, the District of Columbia, and 5 provinces in Canada with a Market Capitalization of $25 Bn.  Family Dollar operates general merchandise retail discount stores, offering merchandise generally ranging in price from $1-$10 including consumables, home products, apparel & accessories, electronics and seasonal goods to primarily low and middle-income consumers. 
 
PROPERTY ADDRESS 408 & 412 E. 2nd Street, Calexico, CA 92231
PRICE $2,630,000
CURRENT NOI $158,000
CURRENT CAP RATE 6.01%
TOTAL GLA 8,701 SF
TOTAL LAND AREA 14,916 SF
YEAR RENOVATED 2018
LEASE TYPE Net Lease
CONTACT US
 
SIMON MATTOX
+1 310 363 4809
simon.mattox@cbre.com
www.cbre.com
Lic. 01732008
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© 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk.

CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

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