net lease property for sale in Austin, TX

1. NET LEASED INVESTMENT OFFERING
Dollar General (Austin MSA)
8017 Bronco Lane
Lago Vista, TX 78645
www.bouldergroup.com

2. TABLE OF CONTENTS
NET LEASED INVESTMENT OFFERING
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
www.bouldergroup.com

3. CONFIDENTIALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
CONFIDENTIALITY
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.
www.bouldergroup.com

4. 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-.
INVESTMENT HIGHLIGHTS
• 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
2000
www.bouldergroup.com

5. PROPERTY OVERVIEW
NET LEASED INVESTMENT OFFERING
PROPERTY
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)
splo
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.
www.bouldergroup.com

6. AERIAL
NET LEASED INVESTMENT OFFERING
AERIAL
www.bouldergroup.com

7. SITE PLAN
NET LEASED INVESTMENT OFFERING
SITE PLAN
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8. MAP
NET LEASED INVESTMENT OFFERING
MAP
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9. 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
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10. DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
DEMOGRAPHIC COMPARISON REPORT
Population 5-mi. 10-
10-mi 15-mi
Total Population 12,155 155,502 352,193
Total Households 5,126 57,736 137,533
Income
Median Household Income $60,242 $78,347 $83,963
Average Household Income $80,718 $99,010 $107,614
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11. 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
ocated
population of 1,024,266, an increase of 400,000 since 1990.
www.co.travis.tx.us
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
fastest
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
high tech companies. Apple is currently in progress of a $300 million exp
expansion project
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.
ted
www.austintexas.gov
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12. CONTACT INFORMATION
NET LEASED INVESTMENT OFFERING
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
www.bouldergroup.com