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OFFERING SUMMARY A brand new NNN Dollar General in Glendale, Oregon, about 20 miles north of Grants Pass. 15 year primary lease term with three 5 year options. Parent Company Guaranteed by Dollar General (NYSE: DG). The store opened in December of 2017 and was selected by Dollar General as a key location among the small underserved Oregon communities. ABOUT DOLLAR GENERAL + Publicly traded on the NYSE: DG + Investment Grade Credit: S&P Credit Rating BBB + Approximately 13,000 stores in 43 states + Neighborhood general store selling brand named products in the food and beverage, health and beauty aids, cleaning supplies, apparel, and houseware categories + $20.4 billion in sales in fiscal 2016 + In business for over 75 years *Representative photos INVESTMENT HIGHLIGHTS + Brand New Construction + New 15 year NNN lease with zero Landlord Responsibility + Corporate guaranteed lease + Ideally situated to serve Glendale, which has limited services + Conveniently located to help the community that currently travels over 20 miles to nearby Grants Pass for general retail
INVESTMENT SUMMARY ADDRESS: TENANT: GUARANTOR: BUILDING SIZE: LOT SIZE: 203 Pacific Avenue, Glendale OR DG RETAIL, LLC Dollar General Corporation Approx. 7,520 SF 0.81 Acres YEAR BUILT: 2017 CAP RATE: 6.25% ANNUAL RENT: $119,520 NET OPERATING INCOME: $119,520 LEASE TYPE: PRIMARY LEASE TERM: LEASE DATES RENEWAL OPTIONS: NNN Lease 15 Years December 1, 2017- November 30, 2032 Three (3) Five (5) Year Options
LEASE SUMMARY TENANT: GUARANTOR: BUILDING SIZE: LOT SIZE: DG RETAIL, LLC Dollar General Corporation 7,520 SF ±0.81 Acres SCHEDULED RENT: $119,520 NET OPERATING INCOME: $119,520 OPTION PERIODS: Three (3) Five (5) Year Options ANNUAL RENT DURING OPTION PERIODS: 1st Option: $131,472 2nd Option: $144,612 3rd Option: $159,072
SITE PLAN
The asset is located in the city of Glendale, Oregon. Limited competition exists for general merchandise goods as this is a small city is isolated from the major shopping options approximately 20 miles to the south in Grants Pass. Currently customers are traveling several miles for goods and this site is strategically located centrally in town to provide convenient shopping. This site is poised to serve as an effective platform for Dollar General to carry out its mission of offering lower priced general merchandise at underserved and convenient locations to the local community for many years to come. Glendale High School 99 Students Glendale City Park Glendale Elementary School 245 Students