Dollar General Market | Near Interstate (17,370 VPD)

Investment Highlights

14.5 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM
• The subject property has 14.5 years left on a 15-year corporate guaranteed NNN lease with 5% rent increases every 5 years.
• Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.

NEW UPGRADED CONSTRUCTION 12,480 SF DOLLAR GENERAL MARKET
• The subject property is a 12,480 SF upgraded construction Dollar General Market located in Grayling, MI.
• The subject property is open, and rent commenced in August 2024.
• DG Market is a combo store with 2,000 SF of additional square footage for fresh produce, milk, meats, and other groceries.

NEAR THE LARGEST U.S. COAST GUARD TRAINING FACILITY IN THE COUNTRY
• The subject property is located less than 10 minutes from Camp Grayling, the largest U.S. Coast Guard Training Facility.
• Camp Grayling typically trains over 10,000 military personnel annually, including National Guard units and regular Army and Reserve units, and has over 600 soldiers on base.
• Camp Grayling generates $30M annually to the local economy, providing over 200+ full-time jobs to residents.

NEAR ARAUCO NORTH AMERICAN PLANT | 200+ EMPLOYED
• In 2019, Arauco North America opened a $450 million particleboard facility in Grayling, exceeding its initial investment and creating 250 new jobs, with over 90% of the new hires being Michigan residents.

NEAR INTERSTATE 75 | 17,370 VPD
• This Dollar General Market is located off of I-75.
• I-75 is a major interstate that connects North & South Michigan.

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 $18.16