Dollar General

• Investment-Grade Credit: Dollar General Corp. (NYSE: DG), a Fortune 500 company with an S&P credit rating of BBB, anchors the property, providing investors with strong tenant credit and financial strength.
• Corporate Guarantee: The lease is backed by a corporate guarantee from Dollar General Corp., providing an additional layer of credit support and income security.
• Absolute NNN Lease: The property is subject to an Absolute NNN lease, minimizing landlord responsibilities for maintenance, repairs, and operating expenses and providing a highly passive ownership structure.
• 6.8 Years of Remaining Term: Approximately 6.8 years remain on the current lease term, providing investors with predictable near-term cash flow and income visibility.
• Attractive Renewal Structure: The lease includes five 5-year renewal options, each featuring a 10% rental increase, providing a defined path for potential long-term rent growth.
• Strong Retail Position: The property benefits from a strategic retail location with limited surrounding competition, supporting the store’s competitive positioning and potential for long-term tenant retention.
• Defensive Retail Segment: Dollar General operates in the discount retail sector, a category generally viewed as relatively resistant to e-commerce disruption and economic downturns compared with many discretionary retail segments.
• Modern Build-to-Suit Construction: Originally developed as a Build-to-Suit for Dollar General in 2018, the property was designed specifically for the tenant’s operational requirements and benefits from relatively modern construction.