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OFFERING SUMMARY A brand new NNN Dollar General in Independence, Oregon. 15 year primary lease term with three 5 year options. Parent Company Guaranteed by Dollar General (NYSE: DG). The store is scheduled to open in March of 2018 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 Independence and surrounding communities + Located along Highway 51 expanding the trade area to underserved towns to the west
ADDRESS: TENANT: INVESTMENT SUMMARY GUARANTOR: BUILDING SIZE: LOT SIZE: Monmouth Independence Highway, Independence, OR DG RETAIL, LLC Dollar General Corporation Approx. 9,100 SF 0.92 Acres YEAR BUILT: 2018 CAP RATE: 6.25% ANNUAL RENT: $147,192 NET OPERATING INCOME: $147,192 LEASE TYPE: PRIMARY LEASE TERM: LEASE DATES RENEWAL OPTIONS: NNN Lease 15 Years Estimated March 25, 2018 March 24, 2033 Three (3) Five (5) Year Options
Dollar General Property, Independence, Oregon LEASE SUMMARY TENANT: GUARANTOR: BUILDING SIZE: LOT SIZE: DG RETAIL, LLC Dollar General Corporation 9,100 SF ±0.92 Acres SCHEDULED RENT: $147,192 NET OPERATING INCOME: $147,192 OPTION PERIODS: Three (3) Five (5) Year Options ANNUAL RENT DURING OPTION PERIODS: 1st Option: $161,904 2nd Option: $178,092 3rd Option: $195,912
SITE PLAN
Central High School 986 Students Independence Elementary School 421 Students The asset is located in the city of Independence, Oregon. Limited competition exists for general merchandise goods as this is a small city nearly 20-minutes from the major shopping options in Salem. The site is strategically located centrally in town to provide convenient shopping. Additional, its location along Hwy 51 expands the trade area to towns to the west that also have limited services. 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.