Dollar General Market | Little Rock MSA

Investment Highlights

NEW DG MARKET | 15 YEAR NNN CORPORATE LEASE WITH INCREASES
• The subject property is a 12,687 SF DG Market which is about 2,000 SF larger than the traditional Dollar General footprint.
• DG Market is a combo store with fresh produce, milk, meats, and other groceries added to Dollar General’s usual mix of low-price general merchandise.
• This property features Dollar General’s Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.
• This DG Market is currently under construction and rent is scheduled to commence in September 2024.

PRIMARY DOLLAR STORE SERVICING THE LARGEST GATED COMMUNITY IN THE US
• This Dollar General Market is located in Hot Springs Village, a 26,000 acre community that is home to over 16,000 residents.
• Hot Springs Village is the largest gated community in the nation with over 30 miles of trails, 9 golf courses, and 11 recreational lakes.
• The subject property is less than 1 mile from Lake Balboa, a 950 acre manmade lake apart of the Hot Springs Village.
• The crime rate in Hot Springs Village is 47% lower than the national average.
• Hot Springs Village has an annual economic impact of $397 million.

HOT SPRINGS, AR | 2.1 MILLION TOURISTS ANNUALLY
• The subject property is located 12 miles north of downtown Hot Springs on Highway 5 (5,200 VPD).
• This location has seen a 12.51% increase in growth in the last 10 years and has a 5 mile average house hold income of $87,163
• Hot Springs is a popular tourist destination that attracts over 2.1 million visitors annually.
• The number of visitors per year support over 2,200 jobs in the local area and have a $208 million impact to the economy.

LITTLE ROCK MSA | MOST POPULOUS MSA IN THE STATE
• The subject property is located 35 miles southwest of Little Rock, AR and is a part of the MSA.
• The city of Little Rock is the capital of Arkansas and has the most populous MSA in the state with over 750,000 people.
• Little Rock has a diverse economy that includes sectors such as healthcare, education, government, finance, and manufacturing.
• It is home to the headquarters of several Fortune 500 companies, including Dillard’s, a prominent department store chain.
• The Little Rock port is an intermodal river port with a large industrial business complex that contributes over $500 million dollars annually to the State’s economy.
• Little Rock is home to several higher education institutions, including the University of Arkansas at Little Rock (9,579 Students) and the University of Arkansas for Medical Sciences (3,021 Students).

INVESTMENT GRADE TENANT LEASE (S&P: BBB) W/ 20,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.