Investment Highlights

LONG TERM LEASE TO NATIONAL TENANT WITH INVESTMENT GRADE CREDIT
» Family Dollar, Inc. and Dollar Tree, Inc. are rated “BBB” by Standard & Poor’s
» Net lease to Family Dollar Stores with multiple option periods
» Rental increases in option periods, providing a hedge against inflation
» Dollar Tree Inc. (Family Dollar’s Parent Company) operates over 16,000 stores and has annual sales of over $26B
» In Q4 2022, Dollar Tree and Family Dollar same-store sales increased 8.7% and 5.8%, respectively
» In Q2 2023, Dollar Tree opened 118 new stores and completed 276 Family Dollar store renovations
» Compared to current small-market locations, the Family Dollar and Dollar Tree Combo Store is delivering comp sales that exceed 20%, meaning higher gross profit margins and improved operating income

HARD CORNER LOCATION WITH 10,200 VEHICLES PER DAY ADJACENT TO HIGH SCHOOL
» High-visibility location at the intersection of State Highway 40 / 17th Avenue and Oak Street with access to a combined 10,200 vehicles per day
» Well-positioned by the State Highway 53 (15,800 AADT) and situated near national tenants including McDonald’s, Hardee’s, Subway, Dairy Queen, Ace Hardware, and more
» Beneficial proximity to Bloomer High School (396 students), providing a reliable, everyday customer base
» Supported by a five-mile-radius population of 5,950 residents with an average household income of $68,497 that is projected to increase by 15% by 2028
» Projected income increases within 5-, 10-, and 15-mile radii over the next five years, poising this Dollar Tree & Family Dollar combo store and Bloomer for steady concurrent growth
» Gateway to Eau Claire, the 2nd-fastest growing major city and the 8th largest city in Wisconsin with a population of 69,441

NEW 2023 HIGH-QUALITY CONSTRUCTION
» High-quality 2023 construction of a new Family Dollar & Dollar Tree combo store projected to be completed October 2023
» Site features ample parking (42 total spaces) on a 0.93-acre parcel
» Family Dollar & Dollar Tree combo stores are reporting 20% more same-store sales compared to standalone stores

Property Description

» High-Visibility Location: Located at the intersection of State Highway 40 / 17th Avenue and Oak Street (10,200 AADT) and easily accessible with three entry points
» Convenient Retail Option: This Family Dollar & Dollar Tree combination store is an attractive choice for residents, proven by a 20% increase in same-store sales compared to their standalone stores
» Reliable Nearby Customer Base: Beneficial proximity to Bloomer High School (396 students) as well as other national tenants including McDonald’s, Dairy Queen, Ace Hardware, and more
» Gateway to Eau Claire: This site is situated in proximity to Eau Claire, Wisconsin’s second-fastest growing major city after Madison and the state’s eighth-largest city with a population of 69,441
» Poised to Serve Growing Suburb: Projected income increases of at least 13% within 5-, 10-, and 15-mile radii by 2028