Family Dollar | Low Price/9.50% Return

Investment Highlights

LOW RENT & PRICE POINT LOCATION WITH ATTRACTIVE 9.00% RETURN
• The subject property has a low rent which equates to a low price point of $482,000.
• Attractive 9.50% return on an investment grade corporate guaranteed lease with Family Dollar.

INVESTMENT GRADE TENANT (S&P: BBB)
• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.
• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.

TOP PERFORMING FAMILY DOLLAR WITHIN 30 MILES
• The subject property is the top performing Family Dollar within a 30 mile radius and supports 117,000 Customers per year (Placer.ai)

RECENTLY EXTENDED CORPORATE NN LEASE
• This Family Dollar has been operating successfully at this location since 2004 and recently extended the lease for an additional 5 years through June 2029 and increased the rent per the lease.
• This lease extension & rent increase speaks to Family Dollar's confidence and dedication to this market & location.
• Tenant is responsible for parking lot repairs ≤ $1,000, taxes, Insurance, HVAC, and Utilities.
• There are limited Landlord responsibilities which include only Roof & Structure and Parking lot repairs >$1000.
• There are 10% rent increases in each of the remaining two, 5-year option periods.

CLOSE PROXIMITY TO RETAIL CORRIDOR
• Richlands & Claypool Hill, VA are 15 miles northeast of Honaker off Highway 19 (9,700 VPD)
• National Retailers in Richlands & Claypool Hill include Lowe’s Home Improvement, Walmart, Big Lots, Food Lion, Tractor Supply, Goodwill and more.
• Clinch Valley Medical Center is located in Richlands and has 175 beds with 500 employees.

GATEWAY TO THE APPALACHIAN TRAIL | 3 MILLION VISTORS PER YEAR
• Honaker is located in the foothills of the Appalachian's and is just 25 miles from the Appalachian Trial.
• Virginia is home to the most extended section of the Appalachian trail which sees over 3 million outdoor enthusiasts per year.
• The natural beauty of the Appalachians along with the rich history of Honaker, VA makes tourism a year-round economic driver.