Investment Overview

LOWER RENT & PRICE POINT • This Family Dollar has a lower rent which equates to a lower price point of $1,130,000. INTERSTATE LOCATION • Elizabethtown is located in Northern New York about 2 hours outside of Albany off Interstate 87. • Interstate 87 is a north-south major route that connects northern NY with Albany and New York City. ELIZABETHTOWN, NY | COUNTY SEAT • Elizabethtown is the county seat of Essex County and benefits from government jobs & growth. • This Family Dollar is adjacent to an elementary & high school with 250 students. CORPORATE NN LEASE WITH DOLLAR TREE • This Family Dollar has been operating at this location since 2008 and extended the lease for an additional 5 years. • Family Dollar exercised their second option period in July 2023 which extended the lease through June 2028. • There are over 4 years remaining on a corporate guaranteed NN lease with Dollar Tree. • Tenant is responsible for parking lot (repairs = $1,000 annually), taxes, Insurance, HVAC, and Utilities. • There are limited Landlord responsibilities which include Roof & Structure and Parking Lot (repairs > $1,000) • There are 10% rent increases in each of the remaining two, 5-year option periods. 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. • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion