Dollar General | Rare Relocation Market Store

Investment Highlights

NEW RELOCATION 12,480 SF DOLLAR GENERAL MARKET
• 12,480 SF upgraded construction Dollar General Market located in Scottville, MI.
• This Dollar General is a relocation and expansion of an existing store in this area which shows their commitment and confidence in the this market.
• 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 store is open and rent commenced in December 2023.

14 YEAR CORPORATE NNN LEASE WITH INCREASES IN INITIAL TERM
• This property has 14 years left on a 15-year corporate guaranteed NNN lease with Dollar General with 5% rent increases every 5 years.
• Tenant is 100% responsible for all expenses including parking lot, taxes, insurance, roof and structure.
• There are 5% rent increases in each of the five, 5-year option periods.

LOCATED ON HIGHWAY 10 (14,672 VPD)
• This store is located on Highway 10 (14,672 VPD) which provides direct routes to major regional economic centers, including Ludington, Grand Rapids, and the rest of West Michigan.

NEAR PRIMARY RETAIL CORRIDOR
• The property is located 6 miles away from the primary retail corridor along Highway 10 which serves Scottville, Ludington, and the surrounding area.
• Nearby retailers include Walmart, Home Depot, Lowe’s, ALDI, Meijer, Tractor Supply, Starbuck’s, Taco Bell, and Arby’s.

NEAR LUDINGTON | THRIVING TOURIST TOWN ON LAKE MICHIGAN
• Scottville is located 5 miles form Ludington, a city known for its vibrant tourism industry, including attractions like Ludington State Park and the SS Badger ferry. In 2023 tourists spent $1.09 billion on lodging, food and beverage, retail, recreation, and transportation in the Northwest Michigan region.
• Ludington is home to Ludington State Park (950,000 visitors/year). Often considered the crown jewel of Michigan’s state parks, it spans 5,300 acres with hiking trails, fishing opportunities, canoeing, and the iconic Big Sable Point Lighthouse.
• The Ludington Harbor and marinas offer boating, sailing, and fishing charters, catering to enthusiasts of Lake Michigan’s vast waters.

INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 21,000 locations and plans to open 750 stores in 2025.
• Dollar General has been in business for 80 years and has a current net worth of over $18.16B