November 24, 2009
Family Dollar Stores For Sale as a Package
Harts, WV #6799 102’W x 90’D = 9,180-s/f
1034 McClellan Highway (Rt. 10) Harts, WV 25524
38.03097º North Latitude 82.12835º West Longitude
Turnover Date: August 5, 2005 Grand Opening: August 24, 2005
10 year fixed Lease with options
Glen Daniel, WV #7067 102’W x 90’D = 9,180-s/f
121 Glen Daniel Commerce Center Glen Daniel WV 25844
Intersection of Route 3 & 99
37.77875º North Latitude 81.34400º West Longitude
Turnover Date: August 11, 2006 Grand Opening: August 27, 2006
10 year fixed Lease with options
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Mt. Hope, WV #7116 100’W x 80’D = 8,000-s/f
102 Commerce Drive Mount Hope WV 25880
Intersection of Route 16 & 211
37.8904º North Latitude 81.17690º West Longitude
Turnover Date: June 29, 2007 Grand Opening: August 2, 2007
10 year fixed Lease with options
Mount Hope has some residual land behind the store that could be sold or leased
Size of Storeroom: 9,180 s/f 102’ front x 90’ deep
Turn over date: August 5, 2005 Grand Opening: August 25, 2005
Fixed Term of Lease
Annual Rent: $70,600.08 Monthly Rent: $ 5,883.34
Option Periods: (5) Five Year Option Periods
1st Five Years Annual Rent $ 77,660.04
2nd Five Years Annual Rent $ 85,426.08
3rd Five Years Annual Rent $ 93,969.00
4th Five Years Annual Rent $103,366.08
5th Five Years Annual Rent $113,702.08
Tenant’s Reimbursement to Landlord
Real Estate Taxes Reimbursement for 100% of Actual Real Estate Taxes
Commercial Insurance Reimbursement for 100% of Actual Cost
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Glen Daniel WV >>> Store #7067
Size of Storeroom: 9,180 s/f 102’ front x 90’ deep
Turn over date: August 11, 2006 Grand Opening: August 27, 2006
Annual Rent $60,400.08 Monthly Rent: $ 5,033.34
Overage Clause 3% over $2,000,000.00 in annual sales
Option Periods: (3) Five Year Option Periods
1st Five Years Annual Rent: $66,440.04 (3% over $2,100,000.00)
2nd Five Years Annual Rent $73,084.08 (3% over $2,200,000.00)
3rd Five Years Annual Rent $80,392.08 (3% over $2,300,000.00)
(Statement of Gross Sales due annually within 90 days after the end of each Lease
December 31)
Tenant’s Reimbursement to Landlord
Real Estate Taxes 100% reinbursement up to $10,000.00 annually
Commercial Insurance Reimbursement for 100% of Actual Cost
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Mount Hope WV #7116
Size of Storeroom: 8,000 s/f 100’ front x 80’ deep
Turn over date: June 29, 2007 Grand Opening: August 2, 2007
Annual Rent: $64,100.04 Monthly Rent: $ 5,341.67
Option Periods: (3) Five Year Option Periods
1st Five Years Annual Rent: $70,510.08 (3% over $2,100,000.00)
2nd Five Years Annual Rent $77,561.04 (3% over $2,200,000.00)
3rd Five Years Annual Rent $85,317.00 (3% over $2,300,000.00)
(Statement of Gross Sales due annually within 90 days after the end of each Lease
year, the term “lease year” shall mean the calendar year and shall always end on
December 31)
Real Estate Taxes 100% of actual real estate taxes
Commercial Insurance Reimbursement for 100% of Actual Cost
- Family Dollar is one of the fastest growing discount retail chains in the United States.
- Family Dollar possess one of the strongest balance sheet of any Fortune 500 retail companies.
- Family Dollar Stores, Inc. stock carries Standard & Poor's highest investment recommendation of 5 STARS (strong buy).
- Family Dollar offers a core assortment of name-brand and quality consumable merchandise supplemented by fashion and seasonal merchandise at everyday low prices.
- Family Dollar operated more than 6,500 stores in 44 states (average store 9,180-s/f.
- Family Dollar Corporate Guarantees all Leases
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Insight from Standard and Poor’s >>> October 28, 2008
We look for retailer Family Dollar Stores (FDO) to increase sales to its predominantly lower-income customers by expanding its assortment of daily necessities, including refrigerated and shelf-stable foods, and by improving product quality.
We also expect Family Dollar to benefit from higher-income customers trading down to lower-priced basic goods. In addition, we note easier same-store sales (sales results for stores open more than 13 months) comparisons for the company over the next few quarters and expect to see a lift in average customer transaction value, a same-store sales driver, from Family Dollar's planned acceptance of credit cards in about half of its stores this holiday season.
By providing customers with compelling values and shopping convenience while aggressively managing its cost structure, we expect the company to maintain its historical record of stable sales and earnings growth, which is reflected in its S&P Quality Ranking of A+. From fiscal 2005 (August) through fiscal 2008, earnings per share increased at a compound annual growth rate (CAGR) of 8%. We project 7% EPS growth in fiscal 2009 and a forward three-year CAGR of 12%. We look for the company to generate sufficient free cash flow to fund its operations, growth initiatives, and dividend program.
Based in North Carolina, Family Dollar operates a chain of over 6,500 retail discount stores in 44 states. The company describes its typical customer as a woman in her mid-40s who is the head of her household and has an annual income of under $30,000. Family Dollar stores are operated on a no-frills, self-service basis, and carry an assortment of consumables such as snacks and food, household chemicals, paper products, health and beauty aids, and pet food and supplies; home products, including blankets, house wares and home decor; family apparel and accessories; and seasonal merchandise and electronics.
Family Dollar Stores, Inc. stock carries Standard & Poor's highest investment recommendation of 5 STARS (strong buy).
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Pinnacle Center
Developer: jamon organization
Pinnacle Center - 820 Lee Street, Charleston WV 25301
As the investor/developer our newest project involves a $17 Million renovation and restoration of the 132,279-s/f landmark building in the heart of Charleston WV business district, situated on one of West Virginia’s most historic sites. We are redeveloping this amazing masterpiece into 90,000-s/f of first class office space and 40,000-s/f of eateries and mixed use space.
The former Stone & Thomas building with its distinctive rounded corners is a true blue Charleston Landmark, located on a true blue West Virginia historical site. The building sits on the property that housed two West Virginia State Capitols – The first from 1870 to 1875, the second from 1885 to 1921.
November 23, 2009
Current Real Estate Development
jamon organization
2009 Investments and Development
Pinnacle Center
(Redevelopment and Build-out underway)
132,279-s/f Custom Office Space
(2nd & 3rd Floor Under Option to Lease)
820 Lee Street
Charleston WV 25301
Leasing half floors (10,000-s/f)
Leasing full floors (20,000-s/f)
E-mail for Marketing and Leasing Package
and Construction Completion Schedule
CLICK TO OPEN for Detailed Information
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Single Tenant Office Building
11,429-s/f one floor
Ready to build-out to suit
Parking for 43 vehicles
1558 Washington Street East
Charleston WV 25311
Less than 2 minutes to State Capitol
and Charleston General Hospital
CLICK TO OPEN for Detailed Informaton
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FOR SALE - Net Lease Investment
Family Dollar Stores
Harts, Glen Daniel, Mt. Hope – WV
Cap Rate 8.25%
E-mail for complete details
CLICK TO OPEN for Detailed Information
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Out Parcel - Sale or Lease
next to High Volume Family Dollar
at intersection Route 3 & 99
Glen Daniel WV (12 miles east of Beckley)
Daily Traffic: 12,000 vehicles
237.88 ft. on Rt. 99 by 498 ft. deep
2.63 acres = 114,562-s/f
will subdivide into two or three out parcels
Perfect for Convenient Store, Fast Food,
Retail or Offices
E-mail for pricing and details
For details contact:
Bill Ellis 304-550-1000
E-mail: wte@JamonGlobal.com
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Residential Offering
Homes for Sale at Glade Springs Resort
194 Boarstall Lane
(Luxury Estate Home on Golf Course)
6,593-s/f finished living area
863-s/f oversize two car garage
2009 Replacement Cost $1,194,000.00
Priced at $ 899,000.00
Ready to move in
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238 Glen Garden Lane
4,672-s/f finished living area
616-s/f two car garage
2008 Replacement Cost $ 781,000.00
Priced at $649,000.00
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Home sites For Sale at Glade Springs Resort
215 Highland
Falcons Marsh Subdivision $48,000.00
225 Highland
Falcons Marsh Subdivision $48,000.00
(Can be combined into one large flat home site)
Make offer for both
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Home Site IN CONTRACT - SOLD
102 Glen Orchard Way
Glen Haven Subdivision $39,000.00
Great Lake Drive Home Site
