Dollar General | 5 Mile Pop: 53,131

Investment Highlights

LOW RENT & PRICE POINT
• The subject property has a low rent of $93,735 ($10.30/SF) that equates to a low price point of $1.25 million.

5 MILE POPULATION: 53,131
• The subject Dollar General has a 5 mile population of 53,131 with 1.44% growth and an average household income of $65,024.

POSITIONED OF TWO HARD CORNERS WITH EXCEPTIONAL ACCESS & VISIBILITY (23,400 VPD)
• The property is positioned along three streets and on two hard corners, one of which is signalized with a combined 23,400 VPD.

8 YEAR CORPORATE NNN LEASE GUARANTEED BY DOLLAR GENERAL
• Dollar General signed a 15 year corporate guaranteed NNN lease that commenced in January 2019.
• There are 8.75 years remaining on the primary lease term. 
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• There are 10% rent increases in each of the five, 5-year option periods. 

LOCATED 1 MILE FROM INDUSTRIAL PARK WITH 9,500 EMPLOYEES
• The property is positioned 1 mile from the Port Huron Industrial Park. This industrial park is 275 acres and supports over 9,500 employees providing an established customer base for this store. 
• This industrial park is home to 41 manufacturing plants including companies such as Johnson Controls, International Automotive Components and Magna Powertrain. 

NEAR CANADIAN BORDER | $200M ECONMIC IMPACT
• Port Huron sits on the U.S.- Canada border along the St. Clair River, serving as a key Great Lakes port and trade hub. 
• Canadian visitors contribute over $200 million annually to the Port Huron economy. This spending significantly supports local businesses, especially in retail, restaurants and hospitality sectors. 
• The Port Huron border crossing processes about 27% of total North American land-based international trade with Canada. 
• The Blue Water Bridge is the 3rd-busiest U.S.-Canada truck crossing supporting over $71.5 Billion in cargo annually. 

INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 21,000 locations and plans to open 750 stores in 2025.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.