DOLLAR TREE STRIP CENTER - WATSONTOWN, PA
JAMES CAPITAL ADVISORS, INC.
JAMES CAPITAL ADVISORS
MARKETING PACKAGE Subject Property Dollar Tree & Mojo Active 10-14 W. Brimmer Ave Watsontown, PA 17777
CONTENTS
PAGE
Investment Summary
03
Rent Roll
04
Property Photo
05
Site Plan
06
About the Brands
07
Location Overview
08
CONTACT INFORMATION
gary rosenfield Senior Associate (424) 325-2614
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DOLLAR TREE STRIP CENTER - WATSONTOWN, PA
INVESTMENT SUMMARY Tenants Street Address City State Zip Cumulative GLA Lot Size Year Built
Dollar Tree & Mojo Active 10-14 W. Brimmer Ave Watsontown PA 17777 11,826 SF
$945K 8.15% 8.15% $77,096 $77K $945,963 PURCHASE PRICE
CAP RATE
NET OPERATING INCOME
0.58 AC
Price / SF
$79.99
2005
Rent / SF
$6.52
Tenants Open & Paying Rent - Both tenants are open for business and paying full rent. Contact broker for more information. Seller Financing Available - This property has seller financing available. Contact broker for more information. Committed Tenants - The Dollar Tree tenant has operated as a dollar store since the site was built in 2005. The tenant has also exercised their 2nd option early. Mojo Active has been operating at the site since 2011 and has expressed interest in extending their lease beyond the current term. Triple-Net (NNN) Lease - Tenant pays or reimburses landlord for all expenses relating to taxes, insurance, and common area maintenance minimizing landlord responsibilities. Below Market Rent - This property has extremely low rent with Dollar Tree paying only $4/SQ FT. Flexible Options for a New Owner - Given the extremely low rent that Dollar Tree is paying, a new owner could either keep keep things as is or rent out the space at a higher rent. Similarly, a new owner could extend the lease for Mojo Active or replace the tenant. Option to Extend MojoActive Lease - MojoActive has expressed a desire to extend their lease as well as add additional option periods. Contact Agent for details.
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10-14 W. BRIMMER AVE, WATSONTOWN, PA 17777
DOLLAR TREE STRIP CENTER - WATSONTOWN, PA
RENT ROLL
TENANT
PERIOD
ANNUAL RENT
OPTIONS
INCREASES
GLA
LEASE TYPE
Dollar Tree
1/1/2005 - 12/31/2024
$31,200.00
One (1), 5-Year
Option Rent - $34,320
7,800 SF
Triple-Net (NNN)
Mojo Active*
6/1/2011 - 5/31/2022
$45,896.40
None
$.05 psf in Options
4,026 SF
See Disclaimer*
*Dollar Tree reimbursements cover the expenses for the entire building. Contact agent for details. *MojoActive has expressed a desire to extend their lease as well as add additional option periods. Contact agent for details.
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10-14 W. BRIMMER AVE, WATSONTOWN, PA 17777
DOLLAR TREE STRIP CENTER - WATSONTOWN, PA
PROPERTY PHOTO
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10-14 W. BRIMMER AVE, WATSONTOWN, PA 17777
DOLLAR TREE STRIP CENTER - WATSONTOWN, PA
SITE PLAN
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10-14 W. BRIMMER AVE, WATSONTOWN, PA 17777
DOLLAR TREE STRIP CENTER - WATSONTOWN, PA
ABOUT THE BRANDs Dollar Tree
Dollar Tree, Inc. is an American chain of discount variety stores that sells items for $1 or less. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 15,000+ stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of eleven distribution centers. The company operates one-dollar stores under the names of Dollar Tree and Dollar Bills. The company also operates a multi-price-point variety chain under Family Dollar Banner. Dollar Tree competes in the dollar store and low-end retail markets. Each Dollar Tree stocks a variety of products including national, regional, and private-label brands. Departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal décor, housewares, glassware, dinnerware, household cleaning supplies, candy, toys, gifts, gift bags and wrap, stationery, craft supplies, teaching supplies, automotive, electronics, pet supplies, and books. Most Dollar Tree stores also sell frozen foods and dairy items such as milk, eggs, pizza, ice cream, frozen dinners, and pre-made baked goods. You are sure to find something great while shopping at the Dollar Tree.
Mojo Active MoJo Active opened its doors in 2001 to redefine integrated marketing with a common sense approach to help any business conquer today’s challenges. Mojo Active has a great portfolio and clients who can vouch for their diligence and expertise. Mojo Active knows that what any business really needs is an agency that takes time to understand their business and their industry. Mojo Active has a time-tested processes that can predict success for any business in any industry. Mojo Active takes their time to understand the business in question. They define what success looks like the to the business. Then, they own it. With a laser-sharp focus, their team establishes a plan, delivers solutions and analyzes the impact to ensure any business objectives are realized. Mojo has been building their process for more than 25 years. Their team continues to refine it with the latest methods. This practiced-and-proven approach delivers a predictable, repeatable outcome that moves any business forward. Mojo Active guarantees any business will prosper after following and completing the step and plan process they have been perfecting for over 25 years. Mojo Active isn’t just a business model, it’s an adventure.
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10-14 W. BRIMMER AVE, WATSONTOWN, PA 17777
DOLLAR TREE STRIP CENTER - WATSONTOWN, PA
LOCATION OVERVIEW Watsontown, PA
Watsontown is a community of about 2,775 residents located in Northumberland County, in the heart of central Pennsylvania’s beautiful Susquehanna River Valley. Watsontown has historic homes, a fine assortment of shops and restaurants, access to recreation along the Susquehanna River and a great quality of life for residents. Watsontown offers an easy commute to major employers in more metropolitan areas while maintaining that small town feeling that many seek when deciding where to live. That’s why “Come Home to Watsontown” is more than a slogan; it is a way of life. Watsontown has a rich history dating back to the late 18th century. Watsontown was an important part of a transportation network that included roads, railroads, and canals along the Susquehanna River. Watsontown offers well-maintained parks and walking trails alongside the Susquehanna River, historic architecture, farmers markets, and great food and entertainment at several locations on Main Street. Walk along Watsontown’s main streets on foot to see historic architecture from this nearly 100 year old town. Hike or bike alongside the Susquehanna River on the local walking paths. As stated before, Watsontown is a way of life, with adventures for anyone who lives here or visits.
Northumberland County Established in 1772, Northumberland County was created from an 8,000 square mile tract of land lying northwest of Lancaster, Cumberland, Berks, Northampton, and Bedford Counties. The land area of Northumberland County eventually increased to 15,000 square miles, covering the Susquehanna Valley, including all the land west of the Lehigh River to the Allegheny River and all of the land south of the New York State border to Juniata County. Twenty-nine counties in Pennsylvania stem from the 15,000 square miles that once constituted Northumberland County, distinguishing Northumberland County as the “Mother of Counties” Northumberland County comprises the Sunbury, PA Micropolitan Statistical Area, which is also included in the Bloomsburg-Berwick-Sunbury, PA Combined Statistical Area. Northumberland County is a fifth class county according to the Pennsylvania’s County Code. According to the U.S. Census Bureau, the county has a total area of 478 square miles of which 458 square miles is land and 19 square miles is water.
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10-14 W. BRIMMER AVE, WATSONTOWN, PA 17777
DOLLAR TREE STRIP CENTER - WATSONTOWN, PA
DEMOGRAPHICS
POPULATION
1-Mile
3-Mile
5-Mile
2024 Projection
2,775
7,023
20,170
2019 Estimate
2,838
7,198
20,478
2010 Census
3,027
7,849
21,723
HOUSEHOLDS
1-Mile
3-Mile
5-Mile
2024 Projection
1,191
2,889
6,808
2019 Estimate
1,217
2,963
6,937
2010 Census
1,300
3,241
7,358
Average Income
$57,553
$60,671
$61,938
Median Income
$47,500
$49,933
$50,406
Watsontown, PA Watsontown sits farthest up the reaches of the Susquehanna’s West Branch. As such, it can be seen as a gateway town from the Williamsport area and all points south and east. Watsontown also has one of the best riverside parks in the region. Dotted with mature shade trees and traditional play areas and ball fields, the park sits on an embankment overlooking the Susquehanna River. Views framing the recently restored Watsontown River Bridge are picturesque in any season. For a town so small, the park is quite large, providing a venue for carnivals and events that bring the community together.
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10-14 W. BRIMMER AVE, WATSONTOWN, PA 17777
JAMES CAPITAL ADVISORS, INC.
DISCLAIMER
The information contained in this Marketing Brochure has been obtained from sources believed to be reliable, but the accuracy or completeness of the information contained therein cannot be guaranteed. James Capital Advisors, Inc. & Brett S, Chupinka (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guarantees, or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. Therefore, Broker assumes no legal responsibility for accuracy or completeness of this information, and expressly disclaims all representations, guarantees, or warranties related thereto. The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction, and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants. A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or comparable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease or may default under the terms of such lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property. Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long-term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.
CONFIDENTIALITY This Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.
RELEASE This Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. or Broker be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein.
NON-ENDORSEMENT Broker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker.
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FOR INQUIRIES
PLEASE CONTACT gary rosenfield
BRETT S. CHUPINKA
(424) 325-2614
(412) 921-4300
Senior Associate
gary@jamescapitaladvisors.com CA RE Lic. 02013260
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Broker of Record
PA RE Lic #: RM424212 DLA Real Estate CORP. LIc# RB068957