Dollar General

Investment Overview

13165 County Road 42, Jemison, AL Dollar General | Absolute NNN | Corporate Guaranty | 6.95% Cap Rate Offering price: $1,628,000 (6.95% cap) Investment highlights • Investment-grade guarantor. The lease is corporate-guaranteed by Dollar General (NYSE: DG, S&P BBB). Dolgencorp, LLC is the tenant. • Absolute NNN, no landlord duties. The lease lists no landlord responsibilities. • Long term remaining. The primary term was 15 years, and 8.9 years remain, to July 31, 2035. There are five 5-year options with 180 days’ notice. • Built-in rent growth. Rent steps up 10% at each option, from $113,179 to $182,276 by the final option period. • One-mile exclusive. The lease carries a one-mile exclusive against discount and drug operators. • Interstate access. The store sits on County Road 42 in Chilton County, half a mile east of I-65 between Birmingham and Montgomery. • Newer construction. It is a 2020 build-to-suit on 1.40 acres, with 36 parking spaces (3.96 per 1,000 SF). Property and lease snapshot Building 9,100 SF, wood frame, pitched shingle roof Land 1.40 AC (60,984 SF) Year built 2020 Annual rent $113,179 ($9,431.57 per month) Price per SF about $172 Lease start / expiration 8/1/2020 / 7/31/2035 Options 5 x 5-year, 10% increase each Rent schedule Period Annual rent Base (through 7/31/2035) $113,179 Option 1 $124,497 Option 2 $136,946 Option 3 $150,641 Option 4 $165,705 Option 5 $182,276