Dollar General

• Absolute NNN Lease | Zero Landlord Responsibilities — Dollar General operates under an absolute NNN lease with zero landlord responsibilities, providing a completely passive investment opportunity.
• Dollar General Corporate Guaranty — The lease is guaranteed by Dollar General Corporation, one of the nation’s largest discount retailers with 21,000+ locations and annual revenue exceeding $40 billion.
• Contractual Rental Increases — The lease provides for 10% rent increases at the beginning of each 5-year renewal period, offering meaningful contractual rent growth.
• Extended Store Hours | Strong Customer Demand — Dollar General has operated at the Property since 2017 and remains open until 11:00 PM, one hour later than nearby Dollar General locations in Whitley City and Pine Knot. The extended hours differentiate the store within the local trade area and provide an additional indicator of customer demand at the location.
• Essential Daily-Needs Retailer — Approximately 80% of Dollar General’s sales are derived from consumable products, including food, household goods, cleaning supplies, and other everyday necessities, supporting consistent demand and reinforcing the essential nature of the tenant’s business Model.
• Major Tourism & Recreation Demand — Stearns serves as a gateway to Big South Fork National River & Recreation Area and Daniel Boone National Forest, creating additional demand from tourists and outdoor recreation visitors. Big South Fork welcomed approximately 780,000 visitors in 2024, generating $28.5 million in visitor spending throughout surrounding communities.