Investment Overview

This is a successful Dollar General store located in Saint James City, Florida. It is located at the southern end of Pine Island - a popular barrier island on the Gulf Coast of Florida and only 26+/- miles west of Cape Coral and Fort Myers. The lease is a true NNN and has a remaining term of 6 Years (expiring on 3/31/31). Significantly, Dollar General approached the landlord in late 2022 requesting an early 5-year extension on the lease term which was set to expire in 2026. Dollar General is publicly traded on the N.Y. Stock Exchange (trading symbol: DG). As of March 2024, the company operated approximately 20,022 stores in the continental U.S. and Canada. Dollar General is a Fortune 500 company and Standard and Poor's has given the company an "investment grade" rating of BBB. The subject store is performing well in the opinion of Dollar General. This is evidenced by the fact that the store remained open and in operation after Hurricane Ian came ashore near Pine Island in late September 2022. Despite the damage to the community caused by Hurricane Ian, Dollar General went forward with its unsolicited request to extend the lease term for an additional 5 years.