Investment Overview

LOWER RENT & PRICE POINT WITH ATTRACTIVE 8.25% RETURN • This property has a lower rent & price point under $1.2M and has an attractive 8.25% return which is unique for investment grade credit in this market. 7.5-YEAR CORPORATE NN LEASE WITH DOLLAR TREE • The subject property is a 2021 renovated Family Dollar Tree located in Herington, KS. • This store opened and rent commenced in July 2021 • There are 7.5 years remaining on a 10-year corporate guaranteed NN Lease with Dollar Tree. • Tenant is responsible for Parking Lot Resealing & Restriping, Taxes, Insurance, HVAC, and Utilities. • There are limited Landlord responsibilities which include Roof & Structure and Parking Lot Repaving. INVESTMENT GRADE TENANT • Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB. • Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces and is expanding by 600 stores each year. • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion NEAR JUNCTION CITY, KS & FORT RILEY • The subject property is located on Hwy 77, 30 minutes south of Junction city & Fort Riley. • Junction City is the county seat of Geary County and is home to Fort Riley • Fort Riley serves a population of more than 67,000 including approximately 15,400 active duty members, 19,600 family members, 6,100 civilian employees as well as 26,000 retirees and veterans who live in the region and/or work at the post • Fort Riley encompasses 101,733 acres with 91,597 dedicated to training areas that are key to Soldier readiness. • For Fiscal Year 2023, the total impact Fort Riley was determined to be $1.9 billion • National retailers in Junction city include Walmart, ALDI, Tractor Supply, and more.