Family Dollar
715 East 38th Street
Indianapolis, IN 46205
Price: $1,120,000
Investment Summary
CAP Rate: Lessee: Gurantor:
Building Size: Lot Size: Year Built: Demographics:
Lease Summary
NOI: Lease Term: Lease Options: Option Increases: 9.0%
Family Dollar Stores of Indiana L.P.
Family Dollar Stores, Inc.
9,768 square feet
26,136 square feet
1930 (Fully Gutted and Remodeled ‘08)
Dense Infill Location
250,195 people w/in 5 miles
$100,800
10 year term expires June 30, 2017
Four options of 5 years in length
10% every 5 years in option period
About Family Dollar:
Family Dollar (NYSE: FDO) is a
regional chain of variety stores
in the United States. It opened
in 1959 and operates approximately 7,100 stores in 45 states
and the District of Columbia. It
is headquartered in Matthews,
North Carolina. Family Dollar is not a true “dollar store” in
the strict sense; while there are
many items available for $1,
there are other price points as
well. However, approximately
90% of the products cost less
than $10. With most locations
set up like a typical supermarket,
the chain deals in food items,
clothing and assorted household
products.
Investment Highlights
-Corporate Backed Lease!
-Roof warranty conveys to buyer (covers until lease expiration)
-Located on 38th Street & College Ave
-FDO’s stock is up 26% this year and 34% the past 12 Months
-Typical Family Dollar NN Lease*
-Excellent Visibility Along Busy 38th Street
-NYSE: FDO Market Cap $8.6 Billion (as of June ‘12)
-Located adjacent to Walgreens
Retail Investment Group, LLC
9304 E. Raintree Drive Suite 120
Scottsdale, AZ 85260
Phone 480.429.4580
Fax 480.452.1820
http://retail1031.com
Steven I Davis
Scott A Hintze
Managing Member
Associate
steven@retail1031.com
scott@retail1031.com
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no representation, guarantee or warranty about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, estimates, opinions used are for example only.
The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Family Dollar
715 East 38th Street
Indianapolis, IN 46205
Aerial Information
Stock Information for FDO
3 Year Chart
Current Stock Price: $71.74
Market Cap: $8.4 Billion
Earnings Growth Last Year:
+19.08%
Earnings Growth This Year:
+17.43%
P/E Ratio:
20.3
Price/Sales:
.69
Price/Book:
7.74
Annual Proft (last year):
$388.4 Million
Retail Investment Group, LLC
9304 E. Raintree Drive Suite 120
Scottsdale, AZ 85260
Phone 480.429.4580
Fax 480.452.1820
http://retail1031.com
Steven I Davis
Scott A Hintze
Managing Member
Associate
steven@retail1031.com
scott@retail1031.com
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no representation, guarantee or warranty about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, estimates, opinions used are for example only.
The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Family Dollar
715 East 38th Street
Indianapolis, IN 46205
Site Photos
Retail Investment Group, LLC
9304 E. Raintree Drive Suite 120
Scottsdale, AZ 85260
Phone 480.429.4580
Fax 480.452.1820
http://retail1031.com
Steven I Davis
Scott A Hintze
Managing Member
Associate
steven@retail1031.com
scott@retail1031.com
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no representation, guarantee or warranty about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, estimates, opinions used are for example only.
The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Marital Status:
Age 15 + Population
Divorced
Never Married
10,965
Family Dollar
14.8%
715 East 38th Street
41.0%
Indianapolis, IN 46205
Demographic Detail Comparison
Now Married
Separated
Geography:
Widowed
Miles...
71,984
196,144
13.1%
13.6%
42.0%
37.5%
28.2%
30.9%
35.1%
7.3%
6.6%
6.5%
1 Mile: 715 E 38TH ST INDIANAPOLIS,8.8%
IN 46205, 3 Miles: 715 E 38TH7.5%
ST INDIANAPOLIS, IN 46205, 7.2%
5
Educational Attainment:
1 Mile: 715 E 38TH ST
Total Population Age 25+
9,317
Demographic
Information
INDIANAPOLIS, IN 46205
Grade K - 8
3.8%
3 Miles: 715 E 38TH
ST
60,562
INDIANAPOLIS, IN 46205
3.4%
Grade 9 - 12
2011A Demographics
High School Graduate
110.7%
Mile
Associates Degree
Total Population
Bachelor's Degree
Total Households
Graduate Degree
Female Population
Some College, No Degree
% Female
4.4%
14,244
14.2%
6,126
11.7%
7,329
22.2%
51.5%
4.3%
91,181
21.3%
39,518
13.9%
47,628
19.9%
52.2%
5.2%
250,195
18.4%
103,627
12.5%
127,631
19.2%
51.0%
6,915
43,553
122,564
48.6%
13.0%
4,524.0
7.6%
47.8%
11.6%
3,217.7
8.1%
49.0%
11.5%
3,178.5
8.1%
12.4%
12.4%
13.7%
17.4%
14.8%
14.1%
19.7%
7.1%
12.7%
12.1%
15.9%
6.5%
16.6%
10.8%
15.5%
6.9%
16.7%
11.8%
2.8%
15.5%
5.4%
12.0%
2.3%
17.2%
5.7%
12.4%
2.6%
16.6%
5.1%
12.7%
Age 45 - 54
Average
Income
Age 55 Household
- 64
Median
Income
Age 65Household
- 74
15.8%
$49,878
12.0%
$34,770
6.5%
13.8%
$54,847
11.1%
$37,637
6.3%
14.3%
$54,102
11.1%
$37,302
6.0%
Per
Capita
Income
Age
75 - 84
$22,022
4.1%
$24,235
3.9%
$22,950
3.6%
1.6%
1.8%
1.5%
32.9%
Male Population
Household Income:
% Male
Income $ 0 - $9,999
Population Density (per Sq.
Income
Mi.) $ 10,000 - $14,999
Income $ 15,000 - $24,999
Income
Age: $ 25,000 - $34,999
Income
Age 0 -$ 435,000 - $49,999
Income
50,000 - $74,999
Age 5 -$ 14
Income
- $99,999
Age 15$-75,000
19
Income
- $124,999
Age 20$100,000
- 24
5.3%
5.9%
3.7%
7.2%
Income
- $149,999
Age 25$125,000
- 34
Income
+
Age 35$150,000
- 44
Age 85 +
Vehicles
Available:
Median Age
311.3%
Mile
5 Miles: 715 E 38TH
ST
164,141
INDIANAPOLIS, IN 46205
4.8%
25.9%
7.7%
6.5%
4.8%
9.6%
36.7
512.5%
Mile
27.5%
8.2%
6.8%
4.5%
8.7%
34.5
34.5
0 Vehicles Available
12.5%
13.2%
12.0%
1 Housing
Vehicle Available
Units
45.0%
41.4%
41.9%
2+
Vehicles
Available
Total
Housing
Units
42.6%
8,271
45.4%
49,857
46.1%
126,935
Average
Vehicles
Per Housing
Owner
Occupied
Household
Units
1.5
37.2%
1.6
43.1%
1.6
44.5%
Total Renter
Vehicles
Available
Occupied
Housing
Units
9,277
36.9%
61,269
36.2%
162,712
37.2%
Vacant
Housing
Units
Business
and
Employment:
25.9%
20.7%
18.4%
Number of Employees
Race and
Ethnicity
Number
of Establishments
American Indian, Eskimo,
Aleut
4,560
54,235
235,767
488
3,814
12,618
0.3%
0.3%
0.4%
0.6%
1 Mile: 715 E 38TH
ST
64.5%
INDIANAPOLIS, IN 46205
0.9%
3 Miles: 715 E 38TH
ST
53.2%
INDIANAPOLIS, IN 46205
1.2%
5 Miles: 715 E 38TH
ST
INDIANAPOLIS, IN 43.9%
46205
0.0%
0.0%
41.8%
47.3%
scott@retail1031.com 1.3%
2.6%
3.8%
Asian
Black
Retail Investment Group, LLC
Hawaiian/Pacific
9304
E. Raintree DriveIslander
Suite 120
Scottsdale,
AZ 85260
2016
WhiteDemographics
Phone 480.429.4580
FaxOther
480.452.1820
http://retail1031.com
Multi-Race
Steven I Davis
Managing Member
0.0%
30.8%
steven@retail1031.com 0.8%
3.1%
Scott A Hintze
Associate
3.5%
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no representation, guarantee or warranty about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, estimates, opinions used are for example only.
The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.