Investment Overview

* Single Tenant Dollar General located in Saint Johns, Arizona, halfway between Phoenix, AZ and Albuquerque, NM * Strong performing location- per Placer.ai, this location has over 160K visitors and ranks in the 76th percentile in the U.S. * Long term occupancy history of over 20 years * Three (3), five (5) year options to extend, all with increases (8%, 10%, 10%) * Conservative rent of only $6.92/SF- well below replacement cost at only $97.07/SF * Tenant reimburses an additional $338/month for parking lot maintenance * Located in the main retail corridor of Saint Johns- across from a grocery anchored shopping center with The Market, Ace Hardware, Subway, and CarQuest- other retailers in the immediate area include a new 20+ pump MAVERIK convenience store, National Bank of Arizona, and St. Johns High School (300+ students) * High average household income area for Dollar General- over $70,000 within the 1, 3, and 5-mile radius * Dollar General (NYSE: DG) was established in 1939 in Goodlettsville, TN and currently has over 20,000 locations- Dollar General reported a total revenue of nearly $39 billion in 2024 with a net worth of over $1.6 billion * Saint Johns, historically an agricultural hub, has evolved with significant contributions from energy and public sectors- two fossil-fueled power plants, employing over 400 people, have made utilities a dominant industry in Saint Johns- public administration and professional services have also played key roles in the economy and have led to a large increase in household income in the area (AHI rose by over 30% from 2021 to 2022, reflecting strong economic growth)