lla eeal EXCLUSIVE LISTING | Pleasantville, OH · innovation, implementing long-term allocation within the context of each client’s particular risk tolerance and identifying how

Dollar General | Pleasantville, OHOffering Memorandum

ANDREW FALLONEXECUTIVE MANAGING DIRECTOR

(703) 787-4733 [email protected]

LLOYD BERNSTEINBROKER OF RECORDLMB ASSOCIATES, INC.

Actual Site

EXCLUSIVE LISTINGOffering Memorandum

1

C A L K A I N .C O MC A L K A I N .C O M

Dollar General | Pleasantville, OH


6474 Lancaster Thornville Rd N | Pleasantville, OH

Asking Price $1,197,261 | Cap Rate 6.50%

Net Operating Income (NOI) $77,822

Rent/Month $6,485

Rent/SF $ 8.55

Rentable Square Feet 9,100+/- SF

Land Area 2.0+/- Acres

Tenant Name Dollar General

Credit Rating S&P: BBB

Stock Symbol NYSE: DG

Guarantor Corporate

Ownership Type Fee Simple

Lease Type NNN

Landlord Responsibilities None

Store Open 2015

Lease Term Remaining 13.5 Years

Rent Commencement September 14, 2015

Lease Expiration September 30, 2030

Increases 10% Every 5 Years

Options Three (3), Five (5) Year

Investment Highlights • New 2015 build-to-suit construction

• 13.5 years remaining on existing lease

• Investment grade tenant S&P: (BBB)

• Dollar General corporate guaranty

• Columbus Ohio MSA

Rent Schedule

Term Increases Annual Rent Monthly RentYears 1-15 - $77,822 $6,485.19

Years 16-20 (Option 1) 10% $85,604 $7,133.71

Years 21-25 (Option 2) 10% $94,164 $7,847.08

Years 26-30 (Option 3) 10% $103,580 $8,631.78

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Financial Summary


Founded in 1939, the company first went public

under the Dollar General name in 1968 and grew to

more than 6,000 stores with $6 billion in sales by the

early 2000’s.

Dollar General is well-positioned to serve its

customers with value and convenience given its

plans to open approximately 1,000 new stores in

2017. To strengthen its position for the long term,

Dollar General is making significant investments,

primarily in compensation and training for store

managers given the critical role this position plays

in their customer experience, as well as strategic

initiatives.

The company ranks 159th within the Fortune 500 list. Fiscal

2016 revenues exceeded $22.0 billion with a net income of

$1.17 billion, and net worth of $5.3 billion.

About Dollar GeneralDollar General (NYSE: DG) is a chain of more

than 12,500+ discount stores in 43 states,

offering products that are frequently used

and replenished, such as food, snacks,

health and beauty aids, cleaning supplies,

clothing for the family, housewares and seasonal items at low everyday prices

in convenient neighborhood locations. In addition to high quality private brands,

Dollar General sells products from America’s most-trusted manufacturers such

as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever,

Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo. Dollar General has

more stores than any other retailer and is easily the largest dollar store chain.

Tenant Snapshot

# of Locations 12,500+

Fiscal 2016 Sales $22.0B

Stock Symbol

NYSE: DG

Credit Rating S&P: BBB

Fast Facts:

• $22.0 billion in sales in 2016

• 14 distribution centers

• 114,000+ employees

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Tenant Overview

Subject Site


Distance To:Columbus, OH 30 miles

Canton, OH 120 miles

Cincinnati, OH 132 miles

Pittsburgh, PA 159 miles

Canton, OH

Pittsburgh, PA

Columbus, OH

Location Overview

Pleasantville, OH

Cincinnati, OH

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6474 Lancaster Thornville Rd N | Pleasantville, OH


Subject Site

Lancaster Thornville Rd N 3,240 VPD

Pacer’s Italian Cuisine & Steakery

Pleasantville Elementary

School

Pleasantville Fire Dept.

McCafferty’s Hardware

George’s Repair Services

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Site Plan


Radius 3 Miles 5 Miles 10 MilesPopulation2016 Population 2,893 10,749 84,285

2021 Population 3,019 11,175 87,136

2010-2016 Annual Rate 0.70% 0.64% 0.58%

2016-2021 Annual Rate 0.86% 0.78% 0.67%

2016 Male Population 49.4% 49.3% 49.0%

2016 Female Population 50.6% 50.7% 51.0%

2016 Median Age 41.4 43.2 41.5

Households2016 Total Households 1,070 4,005 33,638

2021 Total Households 1,115 4,163 34,794

2010-2016 Annual Rate 0.67% 0.62% 0.55%

2016-2021 Annual Rate 0.83% 0.78% 0.68%

2016 Average Household Size 2.67 2.66 2.47

Median Household Income2016 Median Household Income $51,925 $56,759 $46,292

2021 Median Household Income $59,894 $65,151 $52,629

2016-2021 Annual Rate 2.90% 2.80% 2.60%

Average Household Income2016 Average Household Income $64,394 $68,403 $60,903

2021 Average Household Income $71,865 $75,678 $67,103

2016-2021 Annual Rate 2.22% 2.04% 1.96%

Per Capita Income2016 Per Capita Income $24,121 $25,953 $24,668

2021 Per Capita Income $26,844 $28,678 $27,161

2016-2021 Annual Rate 2.16% 2.02% 1.94%

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Demographics


Pleasantville, OhioThe Village of Pleasantville is located NE of Lancaster on SR188. The estimated

population of the village is 1,000 residents. Pleasantville is located in both Pleasant

and Walnut Twps and is part of the Fairfield Union Local School District.

Pleasantville is part of the Columbus metropolitan statistical area (MSA). The

population of the MSA is 2,021,632 according to census estimates, ranking third

in Ohio and 32nd in the nation.

Columbus is the capital and largest city of the U.S. state of Ohio. It is the 15th

largest city in the United States, with a population of 850,106 as of 2015 estimates.

This makes Columbus the fourth most populous state capital in the United States,

and the third largest city in the Midwestern United States.

The city has a diverse economy based on education, government, insurance,

banking, fashion, defense, aviation, food, clothes, logistics, steel, energy, medical

research, health care, hospitality, retail, and technology. Columbus is home to the

Battelle Memorial Institute, the world’s largest private research and development

foundation; Chemical Abstracts Service, the world’s largest clearinghouse of

chemical information; NetJets, the world’s largest fractional ownership jet aircraft

fleet; and The Ohio State University, one of the largest universities in the United

States. As of 2013, the city has the headquarters of five corporations in the U.S.

Fortune 500: Nationwide Mutual Insurance Company, American Electric Power,

L Brands, Big Lots, and Cardinal Health. The food service corporations Wendy’s,

Donatos Pizza, Bob Evans, Max & Erma’s and White Castle along with nationally

known companies Red Roof Inn, Rogue Fitness and Safelite are also based in the

Columbus, Ohio metropolitan area.

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Market Overview


ANDREW FALLONEXECUTIVE MANAGING DIRECTOR

(703) 787-4733 [email protected]

LLOYD BERNSTEINBROKER OF RECORDLMB ASSOCIATES, INC.

Who Are We? We are a national commercial real estate firm that provides consulting and brokerage services to both private and institutional clientele with an expertise on triple net lease investments. We pride ourselves on being a world class leader by providing our clients a full array of commercial real estate investment brokerage and asset management solutions, including advisory, research, estate planning and wealth management.

We have built solid relationships throughout our decades of experience and innovation, implementing long-term allocation within the context of each client’s particular risk tolerance and identifying how best to acquire and dispose of income producing properties for each entities’ specific set of investment criterion. At Calkain, our foresight and past performance are leading the net lease investment industry.

Our HistoryLike most success stories, Calkain was formulated from humble beginnings. Jonathan W. Hipp, President and CEO, took the initiative to build upon his decades of experience and performance and left a large international brokerage firm to become an independent and innovative leader within the triple net lease investment community. Armed with a sole employee and a single office, the firm has grown exponentially since its infancy in 2005.

With the growth in staff, seasoned professionals have been attracted to Calkain’s model of innovation, entrepreneurship and the fostering of long-lasting and meaningful relationships. Industry experts have joined Calkain in the hopes of implementing the skills they have honed in complementary aspects of real estate investment.

Through a tremendous endeavor, tireless hours have been committed to continually prove that Calkain is America’s Net Lease Company®. Its countless accolades received from the world’s leading business publications, including Forbes™, Fortune™ and the New York Times™ have confirmed that Calkain is a true leader in triple net lease investing services.

Client Testimonial

“USRA has worked with Calkain on numerous occasions. They have always been meticulous in their work ethic, providing superior service and extremely prompt attention to our needs. I highly recommend them.

- Jack Genende, Partner | U.S. Realty Advisors, LLC. (USRA)

$11.5 Billion in Closed Transactions

$300 Million

in Active Listings

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C A L K A I N .C O MC A L K A I N .C O M

About Calkain

DISCLAIMER: The information contained in this document is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Calkain and its subsidiaries, and should not be made available to any other person or entity without the written consent of Calkain. This document has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property(s). The information contained herein is not a substitute for a thorough due diligence investigation. Calkain and its subsidiaries have not made any investigation, and make no warranty or representation, with respect to the income or expenses for the subject property(s), the future projected financial performance of the property, the size and square footage of the property(s) and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regula-tions, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property(s). The information contained in this document has been obtained from sources we believe to be reliable; however neither Calkain and its subsidiaries nor the Seller have verified, and will not verify, any of the information contained herein, nor has Calkain and its subsidiaries or the Seller conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

Corporate Headquarters Washington, DC12930 Worldgate Drive | Suite 150 Herndon, VA 20170 T: (703) 787-4714 • F: (703) 787-4783

Tampa400 N. Tampa Street | Suite 2660 Tampa, FL 33602 T: (813) 282-6000 • F: (813) 282-6098

South Florida300 S. Pine Island Road | Suite 300 Fort Lauderdale, FL 33324 T: (954) 302-7365

Atlanta111 Village Parkway, Building 2 | Suite 202 Marietta, GA 30067 T: (404) 900-5629

Boston101 Federal Street | Suite 1900 Boston, MA 02110 T: (617) 261-8584

CALKAIN.COM

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lla eeal EXCLUSIVE LISTING | Pleasantville, OH · innovation, implementing long-term allocation within the context of each client’s particular risk tolerance and identifying how