American Realty Capital Trust V Makes First Two Acquisitions
NEW YORK, May 6, 2013
NEW YORK, May 6, 2013 /PRNewswire/ -- American Realty Capital Trust V, Inc.
("ARCT V") announced today that it closed on its first two acquisitions – two
build-to-suit Dollar General stores located in Mission, Texas and Sullivan,
Missouri. The purchase price of the properties was $2.2 million, exclusive of
closing costs, and the properties were purchased at an average capitalization
rate of 7.7% (calculated by dividing annualized rental income on a
straight-line basis by base purchase price).
(Logo: http://photos.prnewswire.com/prnh/20130506/NY08131LOGO )
The Dollar General stores contain 18,126 rentable square feet and are net
leased to a subsidiary of Dollar General Corporation (NYSE: DG), which
guarantees the leases and carries an investment grade credit rating as
determined by major credit rating agencies.
Dollar General Corporation is the largest small-box discount retailer in the
United States. Dollar General Corporation's stores offer convenience and value
to customers, by offering consumable basic items that are frequently used and
replenished, such as food, snacks, health and beauty aids and cleaning
supplies, as well as a selection of basic apparel, housewares and seasonal
items at everyday low prices.
ARCT V is a publicly registered, non-traded real estate investment trust
("REIT") that intends to qualify as a REIT for tax purposes with the taxable
year ending December 31, 2013.
The statements in this press release that are not historical facts may be
forward-looking statements. These forward-looking statements involve risks and
uncertainties that could cause the outcome to be materially different. In
addition, words such as "anticipate," "believe," "expect" and "intend"
indicate a forward-looking statement, although not all forward-looking
statements include these words.
SOURCE American Realty Capital Trust V, Inc.
Contact: Anthony J. DeFazio, Diccicco Battista Communications,
firstname.lastname@example.org, Ph: (484-342-3600), Brian S. Block, EVP & CFO, American
Realty Capital Trust V, Inc., email@example.com, Ph: (212-415-6500)
Press spacebar to pause and continue. Press esc to stop.