Investment Highlights

NEW 10-YEAR NET LEASE WITH CORPORATE GUARANTY
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» 10-year net lease with four (4) option periods of five (5) years each
» 10% rental increases in option periods, providing a hedge against inflation
» Minimal landlord management

MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General’s annual revenue exceeds $27.8 billion
» Ranked #119 on Fortune 500 list (11 consecutive years of Fortune 500 ranking growth)
» Dollar General operates more than 16,350 locations in 45 states and has plans for significant future growth

CENTRAL LIVERPOOL LOCATION WITH ACCESS TO MAIN THOROUGHFARES AND COMMUNITY HUBS
» High-visibility location on Oswego Road (22,065 AADT)
» 115,983 residents live within a five-mile radius of the location, providing a large customer base for the site
» Located in an affluent area, with an average annual household income of $82,499 within three miles of the site
» Centered minutes from major New York thoroughfares—Interstate 90 (32,800 AADT), Interstate 81 (92,350 AADT), and Interstate 690 (49,640 AADT)
» Projected 10 percent increase in average annual household income within five miles of the site in the next five years, poising Liverpool and Dollar General for significant concurrent growth
» Central location within the Liverpool Central School District (14 schools, 7,033 students)
» Surrounded by several national retailers, including ALDI, Walgreens, McDonald’s, Starbucks, Wegmans, and many more, promoting crossover shopping to the location
» Seven miles from Downtown Syracuse, the fifth-most populous city in the state of New York

Property Description

SOLD

The property is strategically located on Oswego Road, which experiences a high traffic count of 22,065 vehicles per day. 115,983 residents live within a five mile radius of the location, providing a large customer base for the site. The property also benefits from its location in an affluent area, with an average annual household income of $82,499 within three miles of the site. The site is also centered minutes from major New York thoroughfares—Interstate 90 (32,800 AADT), Interstate 81 (92,350 AADT), and Interstate 690 (49,640 AADT), greatly increasing traffic to the location. With a projected 10 percent increase in average annual household income within five miles of the site in the next five years, Dollar General and Liverpool are poised for significant concurrent growth.

Visibility to the site is increased by its proximity near major Liverpool community hubs. The property is centrally located within the Liverpool Central School District, which features 14 schools and 7,033 students. The site is surrounded by several national retailers, including ALDI, Walgreens, McDonald’s, Starbucks, Wegmans, and many more, promoting crossover shopping to the location. The property is also seven miles from Downtown Syracuse, the fifth-most populous city in the state of New York.