RSA Conference Exhibitor List 2024 - Exhibitors Data
NNN Leased Family Dollar Property
1. NET LEASED INVESTMENT OFFERING
Family Dollar
61 East Ridge Road
Gary, IN 46409 (Chicago MSA)
CONFIDENTIAL OFFERING MEMORANDUM
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) Maps
6) Tenant Profile
7) Demographic Comparison Report
8) Location Overview
9) Contact Information
www.bouldergroup.com
3. CONFIDENTIALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
CONFIDENTIALITY & DISCLAIMER
The information contained in the following Marketing Brochure 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 Marketing Brochure 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, with respect to the income or expenses
for the subject property, the future projected financial performance of the property, the size and square footage of the
property and 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 the subject property. The
information contained in this Marketing Brochure 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 net leased Family Dollar property located in the
Chicago metropolitan area. The 11,460 square foot Family Dollar was built in 2005. Gary, Indiana is located 30 miles
south of downtown Chicago. Gary remains involved with heavy manufacturing and U.S. Steel is the largest employer in the
area with 6,800 employees.
The property is located on the corner of Ridge Road and Broadway. The subject is benefitted by a traffic signal on the hard
corner which creates constant traffic flow at the property. Just one-third of a mile north of the property is the University of
Indiana – Northwest campus and its 5,000 undergraduate students. The property is located in a dense area filled with
single family homes.
Family Dollar’s original lease term is for 10 years with four 5-year renewal options and the lease expires in December
2015. Family Dollar is a publicly traded company on the New York Stock Exchange (FDO), with a market capitalization of
$5 Billion. Family Dollar is an investment grade tenant with a Standard and Poor’s rating of BBB-.
INVESTMENT HIGHLIGHTS
•Investment grade tenant
•Rental rates increase in option periods
•Less than one-third mile from Indiana
University – Northwest (5,000 students)
•Positioned near a dense area filled with single
family homes
•Located within the Chicago MSA
www.bouldergroup.com
5. PROPERTY OVERVIEW
NET LEASED INVESTMENT OFFERING
PROPERTY OVERVIEW
Price: $1,026,084
Cap Rate: 8.50%
Net Operating Income: $87,217
$95,939 – January 1, 2016 (1st option)
$105,533 – January 1, 2021 (2nd option)
$116,086 – January 1, 2026 (3rd option)
$127,695 – January 1, 2031 (4th option)
Renewal Options: Four 5-year renewal options
Lease Commencement Date: July 1, 2005
Lease Expiration Date: December 31, 2015
Tenant: Family Dollar
Credit Rating: BBB- (Standard and Poor’s)
Year Built 2005
Lease Type: NN (roof and structure)
Rentable Square Feet: 11,460
Land Acreage: 27,007 SF
www.bouldergroup.com
8. TENANT PROFILE
NET LEASED INVESTMENT OFFERING
TENANT PROFILE
Family Dollar is a regional chain of variety stores in the United States and is a leader in the dollar store industry. It opened
in 1959 and operates approximately 6,817 stores in 44 states and the District of Columbia. Family Dollar offers a mix of
quality name brand products that customers use every day. This includes items from consumable products, home goods,
quality apparel for men, women and children, seasonal products, greeting cards, gift-wrap and more. Family Dollar is
currently ranked #302 on the Fortune 500. Family Dollar runs small neighborhood stores near its low- and middle-income
customers in rural and urban areas. Most merchandise costs less than $10.
Website: www.familydollar.com
Number of Locations: 6,617
Stock Symbol: FDO : NYSE
Standard & Poor’s Rating: BBB-
Market Capitalization: $5 Billion
www.bouldergroup.com
9. DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
DEMOGRAPHIC COMPARISON REPORT
Population 1-mile 3-mile 5-mile
Total Population 15,022 66,679 156,130
Total Households 5,103 24,743 59,659
Income 1-mile 3-mile 5-mile
Median Household Income $37,585 $39,201 $44,645
Average Household Income $46,255 $48,212 $52,855
www.bouldergroup.com
10. LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
LOCATION OVERVIEW
Gary is a city in Lake County, Indiana. Gary is located in the Chicago metropolitan area, in the state of
Indiana. The population at the 2010 census was 89,294, making Gary the seventh largest city in the
state of Indiana. Gary is located on the shores of Lake Michigan and has access to three interstates.
Gary is home to the University of Indiana – Northwest. IU-Northwest is home to over 5,000 undergradu-
ate students and over 600 graduate students.
Chicago MSA is the third most populated metropolitan area in the United States with 9,580,567
residents. The MSA covers over 1,300 square miles and six counties. The Chicago metropolitan area
is home to the corporate headquarters of 57 Fortune 1000 companies, including Boeing, McDonald's,
Motorola, Discover Financial Services and United Airlines. Chicago is a major hub for industry, telecom-
munications and infrastructure and O'Hare International Airport is the second busiest airport in the
world in terms of traffic movement.
The metro is also a major financial center in North America, and is home to the largest futures exchange in the United
States, the CME Group. Chicago is third in the world on the Global Financial Centers Index which ranks the competitive-
ness of financial centers based on people, business environment, market access, infrastructure and general competitive-
ness.
www.bouldergroup.com
11. 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
