Dollar General

Investment Overview

Build-to-Suit, Dollar General located in income tax free Florida. Built in 2007, there are 3 years remaining on the current term, with 3, five-year options with 10% rent increases at each option period. Dollar General extended the lease early twice showing the strength of this store and its commitment to the location. The current term expires Dec 31, 2027, providing long term stability to the income stream. Dollar General's Net Sales increased 5.0% to $10.2 billion in Q3 2024 compared to $9.7 billion in Q3 2023. Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. This Dollar General is "the only show in town." The nearest dollar store is over 10 miles away. The subject property sits near the crossing of two major thruways, NE Hwy 315 and Hwy 316. It is situated next door to the local United States Postal Service building and is across the intersection from the Circle K / Subway and BP gas station. Dollar General is responsible for real estate taxes, insurance, minor repairs to HVAC, lighting, plumbing and parking lot maintenance. Dollar General reimburses landlord $300/mo for landscaping and parking lot maintenance. Florida is an Income Tax Free State.

Investment Highlights

• Tenant Renewed Twice Early Showing Commitment to the Location and Providing Long Term Stability to the Income Stream
• Excellent Visibility - Prominent Location Near the Intersection on NE HWY
• 315 & E Co Rd 316, the Main Intersection of Fort McCoy on Large 1.39 Acre Lot
• Nearby Tenants Include: Circle K, USPS, Subway, BP Gas
• The Subject Property is 15 miles NE of Ocala (part of the Ocala MSA 61,000 residents) and 35 miles SE of Gainesville