Surveying Tulsa | AAB Engineering Clients

Episode 1 – Tulsa Engineering and Surveying | The Dollar General Case Study

 

  • Dollar General Program – Opening over 1,000 stores this year and relocate 80
      1. Learn more about Dollar General here – https://www.dollargeneral.com/ 

 

  • What is your role with the Dollar General Program?
  • What group?
  • STA – Strategic Trade Area
  • 3 Methods for Development:
    1. Preferred Developer Strategy – The business never actually owns the real estate.
      1. AMPLE EXAMPLES – Dollar General
    2. A Sales Leaseback – The business owner buys the real estate, builds the store and then they sell the store back to an investor and lease it back. Investors all around the country want to buy a Quiktrip physical store that they can then lease back to QuikTrip.
      1. AMPLE EXAMPLES:
        1. QuikTrip
        2. Hobby Lobby
    3. Owner Occupied – An owner-occupied loan can be made for any property type where the Borrower occupies over 50% of the property’s leasable space, select self-storage facilities, or select hospitality. The Borrower’s business that occupies the building is underwritten to make sure that it makes enough cash-flow to service the loan.
      1. AMPLE EXAMPLES:
        1. Wal-Mart

 

  • REIT – Real Estate Investment Trust – A real estate investment trust (“REIT”) is a company that owns, operates or finances income-producing real estate. REITs provide all investors the chance to own valuable real estate, present the opportunity to access dividend-based income and total returns, and help communities grow, thrive, and revitalize. 
  • Cap Rate – The capital return rate (your rate of return)
    1. Less than five full-time architects, engineers and project managers are on staff…how do they do it?

 

  • How did Dollar General Program originally hear about you?
  • What services and consulting do you offer to Dollar General?
  • AAB engineering and surveying
    1. From birth to death services.
    2. Step 1 – Determine how big the property that we are buying needs to be and whether the project can fit on the property. AAB will often evaluate 3 to 4 properties before they can find the right piece because of all of the variables.
    3. Step 2 – AAB Tulsa engineering and surveying works with the client to determine where the utilities need to be, helps the client with the zoning, and helps the client to nail down all aspects of evaluating where the sewer needs to be, whether run-off is going to be a problem, etc.
    4. Step 3 – AAB Tulsa engineering and surveying then works through the potential title issues related to easements for cable, electricity, internet, easements for oil piping, etc.
    5. Step 4 – AAB Tulsa engineering and surveying creates the construction documents while addressing all of the issues including:
      1. Utility placement
      2. Grading
      3. Drainage
      4. Parking Spots
      5. Paving

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