DOLLAR GENERAL 2 Tenant Deal Cape Coral, FL

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1 DOLLAR GENERAL 2 Deal Cape Coral, FL Excellent Demographics 117,421 w/in 5 Miles Dollar General Rent Increase (Yr. 11 initial term) Corporate Guarantee (NYSE: DG) Anchor tenant S&P Rated BBB Investment Grade Anchor tenant New Construction (2011) Prime location at signalized intersection Additional Income from Small Shop Space David Wells Managing Director david.wells@wellsnetlease.com

2 CONFIDENTIALITY This marketing brochure has been prepared to provide a summary to prospective investors of the valuation of the lease or leases contained herein and does not include or take into account any value of the real estate which is bonded under the lease or leases contained herein. It is intended to be reviewed only by the party receiving it from WNL and should not be made available to any other person or entity without the written consent of WNL. The information contained herein is not a substitute for a thorough due diligence investigation. WNL has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the bonded lease or lease information contained herein and or it s guarantor or guarantors nor any future projected financial performance. WNL recommends and advises any and all prospective purchasers to work with a licensed real estate professional or legal counsel to verify the size and square footage of the property and improvements, investigate the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property. The information contained in this marketing brochure has been obtained from sources we believe to be reliable; however, WNL has not verified, and will not verify, any of the information contained herein, nor has WNL conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. David Wells Managing Director david.wells@wellsnetlease.com

3 PROPERTY SUMMARY This two tenant Dollar General property is located at a signalized intersection in Cape Coral, FL. It is well located within the Cape Coral/Fort Myers, Florida Metropolitan Statistical Area (618,000 people). The property includes a 9,100 sq. ft construction Dollar General and a 2,608 sq. ft. Italian restaurant with rent increases. Attached to the property on the West side is a 7-Eleven with gas pumps that is separately parceled and belongs to a separate entity. Stock Photo

4 INVESTMENT OVERVIEW Dollar General Center 3123 Chiquita Blvd., Cape Coral, FL Price Cap Rate Rental Income Expenses NOI DG Lease Start $2,785, % $187,905 $7,006 $180,898 11/20/2011 DG Lease Ex. Term Remaining DG Increases Options Year Built GLA Lot Size Vacancy Debt 11/30/ Years 3% Yr. 11 (2022), 10% per opt. 3 (5) Year options ,708 Sq. Ft Acres 100% Leased Free & Clear STOCK PHOTO Investment Highlights DG Rent Increase Yr. 11 Rent Increases for both tenants New Construction (2011) Prime location at signalized intersection Corporate Guarantee (NYSE: DG) Anchor tenant S&P Rated BBB- Investment Grade Anchor tenant

5 FINANCIAL ANALYSIS INCOME Dollar General Rent $142, Lelulo s Pizzeria Rent $45,656 Total Gross Income $187,905 OPERATING EXPENSES Management Fees $5, % Total Operating Expenses $5, Vacancy Factor $1, % NET OPERATING INCOME $180,898

6 LEASE ABSTRACT Dollar General Lease Abstract Taxes Insurance Maintenance/CAM HVAC Parking Lot Roof & Structure Utilities Right of 1 st Refusal Assignment & Subletting Termination Options Increases Options Increases in Options Sales Reported Landlord None Parent, subsidiary or affiliate None 3% Year 11 (2022) 3 (5) year 10% each period No

7 RENT SCHEDULE Unit Size (SF) Name Lease Start Lease End Base Rent Lease Type Options Increases 9,100 Dollar General 11/20/ /30/2026 $142, NN (3) 5 Year 3% in year 11 & 10% each option period 2,608 Lelulo s Pizzeria 11/1/ /31/2023 $45,656 NN Yrs. 1-5: $1.00/PSF + 3.0%; Yrs. 6-10: 3.0% 11,708 $187,905

8 TENANT OVERVIEW Overview Corporate Information S&P Credit Rating BBB Public or Private Public Ticker DG Founded 1939 Headquarters Goodlettsville, TN Number of locations 11,500 Number of Employees 100,600 Website Highlights Dollar General (NYSE: DG) Dollar General Corp. is a U.S. chain of variety stores headquartered in Goodlettsville, Tennessee. As of August 2014, Dollar General operated 11,500 stores in 40 U.S. states. The stores were founded in 1939 by Cal Turner in Scottsville, Kentucky as J.L. Turner & Son, Inc. In 1968, the business changed its name to Dollar General Corporation. In 2007, the company was acquired by the private equity firm Kohlberg Kravis Roberts & Co. (KKR), which took the company public in Dollar General stores are typically in small shopping plazas or strip malls in local neighborhoods. The company acquired the 280 stores of the P.N. Hirsh Division of Interco, Inc. (now Furniture Brands International, Inc.) in 1983 and in 1985 added 206 stores and a warehouse from Eagle Family Discount Stores, also from Interco, Inc. In recent years, the chain has started constructing more stand-alone stores, typically in areas not served by another general-merchandise retailer. S&P BBB Investment Grade Credit 11,500 stores in 40 U.S. states

9 AERIAL MAP Palmetto Pine Country Club Gulf Elementary\ School Oasis Middle School Ida S Barker High School Gulf Middle School

10 Property Photos

11 DEMOGRAPHICS Cape Coral, FL 1 Mile 3 Miles 5 Miles Total Population 5,460 55, ,421 Total Number of Households 1,943 21,308 47,131 Average Household Income $74,375 $68,263 $64,220

12 For additional information contact: David Wells Managing Director