Top 96th Percentile in Rhode Island — Store performance ranks in the top 4% of all locations statewide per Alpha Maps, a proven, high-velocity site.
Top 78th Percentile Nationwide — Outperforms nearly four of every five Dollar General stores in the country, supporting long-term renewal probability.
Landlord-Favorable NN+ Lease — Tenant is responsible for HVAC repair and replacement, all common area maintenance, real estate taxes and property insurance.
No Near-Term CapEx — New roof and resurfaced parking lot delivered in 2015, materially limiting near-term ownership capital exposure.
Oversized 12,615 SF Building — Substantially larger than the largest DG prototype, positioned on a 0.86-acre parcel with 32 surface parking spaces.
Full Masonry Construction — Durable block construction with a low long-term maintenance profile and strong residual value.
Option Exercised — 5-Year Extension — Tenant recently exercised its renewal option and accepted the full 10% rent increase for an additional five years, a clear signal of commitment to the site.
Investment-Grade Tenant — S&P-rated BBB investment grade with ~$24B market cap and $42.7B FY2025 revenue; 20,000+ stores, in business since 1939.