INVESTMENT HIGHLIGHTS:
Strong Location – Situated on Historic Route 66, one of the most famous roads in the United States, drawing tourists from all over the world
Extremely Strong Tenant – Dollar General Corporation reported a 9.18% increase in revenue from 2018 and a Market Cap of $41.4 Billion. DG (NYSE) stock price has grown 600% since its IPO in 2009
Absolute NNN Lease – the tenant is responsible for all operating expenses of the property including repair of the roof and structure, providing an investor passive income and no management responsibility
Rare Rent Increase – The lease calls for a 3.00% rent increase on 11/1/2021, providing for a hedge against inflation. Additionally, there are 10% rent increases in each of the option periods
Dollar General holds a strong investment-grade credit rating of BBB and is the market leader in dollar stores with roughly 15,000 locations nationwide
Dollar General recently formed a strategic partnership with FedEx and Western Union: the partnership will encourage a more diverse customer base, of which they believe will stick around and shop