DOLLAR GENERAL

INVESTMENT HIGHLIGHTS

• Corporate Guaranty – Dollar General continues to prove its resiliency, both in booming and economic downturns, including the Covid-19 pandemic. This “essential” discount retailer boasts an investment grade credit rating of BBB (S&P) with now over ±19,600 locations and plans to continue growing into the foreseeable future. Currently, this impressive near $30 billion company has also reported same store sales growth for 31 consecutive years through 2020, and again in 2022 and 2023, a record other companies would envy.
• Strong Demographics – The location is surrounded by near 148,000 people and continuing to grow, with an
  average household income of $105,000 all in a 5 mile radius.
• Minimal Landlord Responsibilities – Dollar General signed a 10 year NN lease in 2020, with 10% rental increases in the 4, 5 year options, offering the landlord a more passive and reliable stream of income.
• Second Generation Location – Dollar backfilled a former Rite Aid location, demonstrating the likelihood of paying at/below retail market rent for the area, improving the long term viability of the investment.
• Defensive Product – Dollar Stores sales typically increase during downturns in the economy which makes them one of the most sought-after investments.