Investment Highlights

15-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY
» New 15-year absolute NNN lease to growing retail tenant
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Fixed rent in the initial term with 10% rental increases every five (5) years in option periods
» No landlord management, with the tenant responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» Ideal investment opportunity for an out-of-area investor

MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Dollar General’s annual revenue exceeds $34.2 billion
» Dollar General Ranked #91 on Fortune 500 list in 2021 (the 21-place jump into the Top 100 reflects the company’s exceptional growth)
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General operates more than 18,130 locations in 47 states and has plans for significant future growth

STRATEGIC LOCATION NEAR STRONG NEW YORK TRAFFIC DRIVERS
» Strategically located along State Route 193/Eisenhower Road, a major east-west New York thoroughfare leading directly to Lake Ontario
» Located minutes east of major recreational areas, including Winona State Forest, Gould Corners State Forest, and Tug Hill State Forest (New York State Parks experienced record attendance of 79.5 million in 2022)
» Beneficial proximity directly south of the St. Lawrence River (the Great Lakes-St. Lawrence River waterways have a GDP of over $4.5 trillion)
» The property serves as the only Dollar General within 10 miles of the site
» Average annual household income of $101,155 within one mile (projected 23% increase by 2027)
» Gateway to major area attractions and large suburbs, including Rochester, Syracuse, and Lake Ontario

NEW 2023 CONSTRUCTION BUILT TO LATEST DOLLAR GENERAL PROTOTYPE
» New high-quality 2023 construction built to latest Dollar General prototype
» Site features ample parking (35 total spaces) on a large parcel with excellent visibility (2.14 acres)

Property Description

» This Dollar General has a high-visibility and easily accessible location along State Route 193/Eisenhower Road, a major east-west New York thoroughfare leading directly to Lake Ontario
» The property is strategically located minutes east of major recreational areas, including Winona State Forest, Gould Corners State Forest, and Tug Hill State Forest (New York State Parks experienced record attendance of 79.5 million in 2022)
» Ideally set in a growing economic corridor, the property is directly south of the St. Lawrence River (the Great Lakes-St. Lawrence River waterways have a GDP of over $4.5 trillion)
» The site greatly benefits from serving as the only Dollar General within 10 miles of the site
» An average annual household income of $101, 155 within a one-mile radius provides an affluent and reliable customer base
» Projected income increases of over 20% within 1-, 3-, and 5-mile radii over the next five years poise Dollar General and Ellisburg for steady concurrent growth