etna, california

CONFIDENTIAL OFFERING MEMORANDUM
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ETNA, CALIFORNIA
PROTOTYPE PHOTO
EXCLUSIVELY LISTED BY:
JOSIAH BYRNES
KLINTON LEWIS
+1. 719. 243. 6569
+1. 512. 819. 4729
[email protected]
[email protected]
SINGLE-TENANT NNN INVESTMENT
NEW 15-YEAR LEASE TERM
NEW 2016 CONSTRUCTION
CONTENT
3
PROPERTY AND LEASE DETAILS
4
TENANT PROFILE
11
DEMOGRAPHICS
5
PROPERTY PHOTOGRAPHS
12
CONTACT
7
ELEVATIONS & SITE PLANS
9
LOCATION OVERVIEW
CONFIDENTIALITY
The information contained herein is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Embree Group and should not be made available to any other person or
entity without the written consent of Embree Group (the Embree Group collectively refers to Embree Capital Markets Group, Inc., Embree Asset Group, Inc., Embree Healthcare Group, Inc., and Embree Construction Group, Inc.). This Brochure has been prepared to provide summary information to prospective investors and to establish a preliminary level of interest in establishing an investment relationship with
Embree, which may or may not include the sale or purchase of any specific property referenced herein. Several Embree Group employees are licensed real estate agents and brokers in various states.
The subject property is currently under construction and photos shown herein are representative only. The information contained herein is not a substitute for a thorough due diligence investigation. Embree
Group has supplied information in this Brochure from sources we believe are reliable; however, all potential Buyers and Investors must take appropriate measures to investigate and verify the income and
expenses for any specific property, the future projected financial performance of any specific property, the size and square footage of any specific property and its 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 any specific property.
Embree Group reserves the right to withdraw this solicitation at any time without prior notice. The information contained herein is based upon sources deemed to be reliable, but the accuracy of the information is not guaranteed, nor should the information contained herein be considered all inclusive. Statements contained herein which involve matters of opinion, whether or not identified to be that only, are
Protonot representations of fact. The price and terms of this offering may be subject to change at any time.
PROPERTY AND LEASE DETAILS
THE OFFERING
PROPERTY ADDRESS
TENANT
GUARANTOR
15 Telco Way, Etna, California 96027
Dolgen California, LLC
Dollar General Corporation
SITE DESCRIPTION
BUILDING SIZE
LAND SIZE
CONSTRUCTION TYPE
PROTOTYPE PHOTO
Embree Capital Markets Group is pleased to offer for sale a high-quality, single-tenant,
net-leased discount retail asset. The property was newly built in 2015 and is being
offered free and clear of any debt. It is a unique opportunity for an investor to acquire a
well-located, investment-grade, credit-tenant asset in a desirable California geography.
AREA DESCRIPTION
Proto-
Etna is situated within Siskiyou County, approximately 123 miles Northwest of Redding,
California and 80 miles South of Medford, Oregon. According to the United States Census
Bureau, the city has a total area of 0.8 square miles and a population of approximately
737 citizens. The town is located in Northern California near the Oregon border at the
foot of the Marble Mountain Wilderness in the Siskiyou Mountain Range. The area is an
attraction for hikers, rafters, climbers, and other types of outdoor enthusiasts.
Approximately 1.50 acres
Structural steel and split-face concrete masonry
INVESTMENT SUMMARY
ASSET CLASS
OFFERING OVERVIEW
Approximately 9,100 rentable square feet
ANNUAL RENT
CAP RATE
PURCHASE PRICE
Single-tenant, net-leased retail
$112,839
6.00%
$1,881,000
EST. COMMENCEMENT
January 30, 2016
EST. LEASE END
January 29, 2031
PRIMARY LEASE TERM
LEASE TYPE
LEASE ESCALATIONS
RENEWAL OPTIONS
-3-
15 years
NNN (no landlord responsibilities)
10% during each option period
Three 5-year options
TENANT PROFILE

Dollar General Corporation (NYSE: DG) is the nation's largest "small-box" discount retailer,
operating over 12,480 stores in 40 states as of March 2016.

Based in Goodlettsville, Tennessee, the company was founded in 1939 and has weathered
12 technical recessions.

The company makes shopping for everyday needs simpler and hassle free by offering a
carefully edited assortment of the most popular brands at low everyday prices in small,
convenient locations. Dollar General ranks among the largest retailers of top-quality brands
made by America's most-trusted manufacturers, such as Procter & Gamble, Kimberly Clark,
Unilever, Kellogg's, General Mills and Nabisco.

Most of the company's products are priced at $10 or less, with approximately 25% priced at
$1 or less. Consumables is their largest category and includes paper and cleaning products,
food (including packaged and perishables), beverages and snacks, health and beauty products, and pet supplies.

26 consecutive years of same-store sales growth (2.8% over 2014)

Dollar General was ranked #139 in the Fortune 500 in 2016 (#159 in 2015), with over $22.4
billion in sales (7.7% increase from 2014).

Moody’s upgraded Dollar General Corporation’s credit rating to Baa2 on June 1, 2016.
PROTOTYPE PHOTO
INVESTMENT SUMMARY
COMPANY TYPE
Public (NYSE: DG)
2014 REVENUE
$22.4 billion+
STORE COUNT
12,480+
EMPLOYEES
S&P CREDIT RATING
WEBSITE
113,400+
BBB
www.dollargeneral.com
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PROPERTY PHOTOGRAPHS
INTERIOR PROTOTYPE
PROTOTYPE PHOTO
-5-
PROPERTY PHOTOGRAPHS
EXTERIOR PROTOTYPE
PROTOTYPE PHOTO
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ELEVATIONS & SITE PLANS
ELEVATIONS
-7-
ELEVATIONS & SITE PLANS
SITE PLAN
9,100
9,100 SF
SF
-8-
LOCATION OVERVIEW
STATE CONTEXT
AREA CONTEXT
ETNA, CA
ETNA, CA
SOURCE: GOOGLE
SOURCE: GOOGLE
-9-
LOCATION OVERVIEW
AERIAL VIEW
2K VPD
K= Thousand VPD= Vehicles Per Day
SOURCE: GOOGLE
Any tenant names, logos, or properties pictured are illustrative only, and are not intended to imply any affiliation with Embree or reflect any endorsement by Embree of the tenants or of their products or services. The names, logos and all related design marks and slogans are the
trademarks or service marks of their respective holders.
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HOUSEHOLDS
POPULATION
DEMOGRAPHICS
1 MILE
3 MILE
5 MILE
2020 Projection
661
875
1,545
2015 Estimate
680
913
1,637
2010 Census
708
996
1,886
Growth 2015 - 2020
(2.79%)
(4.16%)
(5.62%)
2015 Population Hispanic Origin
24
40
90
2020 Projection
289
384
667
2015 Estimate
298
401
708
2010 Census
312
440
818
(3.02%)
(4.24%)
(5.79%)
Owner Occupied
196
272
505
Renter Occupied
102
129
203
2015 Average Household Income
$42,930
$45,530
$51,126
2015 Med Ian Household Income
$30,167
$31,666
$35,625
591
784
1,397
African American
2
3
8
Am. Indian & Alaskan
30
51
113
Asian
3
5
9
Hawaiian & Pacific Island
0
1
3
Other
53
69
107
<$25,000
111
147
229
$25,000 - $50,000
113
142
249
$50,000 - $75,000
37
59
127
$75,000 - $100,000
14
22
40
$100,000 - $125,000
8
10
19
$125,000 - $150,000
2
5
12
$150,000 - $200,000
11
11
11
$200,000+
2
6
22
Growth 2015 - 2020
HOUSEHOLD INCOME
ETHNICITY
Caucasian
ETNA
CA
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ETNA, CALIFORNIA | OFFERING MEMORANDUM
EXCLUSIVELY LISTED BY:
JOSIAH BYRNES | VICE PRESIDENT
[email protected] | +1.719.243.6569 | www.EmbreeGroup.com
KLINTON LEWIS | ASSOCIATE NET LEASE SERVICES
[email protected] | +1. 512. 819. 4729 | www.EmbreeGroup.com
ABOUT EMBREE
The Embree Group of Companies provides nationwide turnkey real estate services, specializing
in build-to-suit development, design/build, general construction, program management, and
capital markets for specialty retail, financial, automotive, restaurant, pharmacy, and medical
facilities. Embree’s fully integrated, in-house services allow us to become an extension of the
tenant's organization. Since 1979, Embree’s foundation has been built on developing tailored
programs for over 300 national clients. The firm is headquartered near Austin, Texas, with
regional offices located in Arizona and California. Over the past 36 years, Embree’s executive
team has developed, built, or transacted more than 10,000 assets in all 50 states, Canada, and
Puerto Rico, with a total market value in excess of $10 billion.