ATTRACTIVE LEASE FUNDAMENTALS
- Absolute NNN lease providing zero landlord responsibilities
- 5% rental increases in year 5, 10, and in option periods, providing a strong inflation hedge
STRONG CORPORATE GUARANTY
- Dollar General was ranked #91 on the Fortune 500 2021 list
- Over 19K locations in 46 states
- 75% of Americans live within 5 minutes of a Dollar General
NEW CONSTRUCTION
- Delivered to Dollar General’s current prototype
- Demolition of obsolete structures and site work improvements
- Dollar General Warranties will transfer to new owner
STRATEGIC POSITIONING
- US-117 carries 23,000+ VPD just north in Goldsboro and links to I-795, providing direct access to Wilson and the Raleigh-Durham area
- The site captures both commuter inflow and regional retail draw from surrounding rural communities
- Within a 10-mile radius, the trade area has grown 7.4% in population since 2010, with continued in-migration driven by affordability and proximity to major employment centers
RETAIL & INDUSTRIAL DEMAND DRIVERS
- Wayne County’s industrial market is expanding fueled by manufacturing, logistics, and defense contractors supporting the air force base
- Dollar stores outperform in rural NC with double digit same-store sales growth across similar markets
- The county is projected to add 1,500+ new jobs by 2027
MSA ECONOMIC STABILITY & GROWTH
- Part of Goldsboro MSA which has experienced six consecutive years of positive GDP expansion reaching $4.1B+ in total economic output
- Wayne County unemployment remains stable at 4.3% outperforming many eastern NC market peers
- Supported by Seymour Johnson Air Force Base (5,500+ active duty) & AHHI rising steadily with median household income up 12% since 2018