Investment Overview

15 YEAR NNN CORPORATE LEASE WITH RENTAL INCREASES • This property features a 15-year corporate guaranteed NNN lease with 5% rent increases every 5 years throughout the initial lease term and options. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure. • There are 5% rent increases in each of the five, 5-year option periods. • This store is currently under construction and rent is scheduled to commence in March 2025. LOW RENT & PRICE POINT • The subject property has a low rent which equates to a low price point of $1.6M. This price point is significantly lower than most new construction Dollar Generals. ALBUQUERQUE MSA | MOST POPULOUS CITY IN NM • The subject property is 20 miles south of downtown Albuquerque off Interstate 25 (24,409 VPD). • Albuquerque is the most populous city in NM and is the fourth largest city in the southwest with 572,864 residents. • The city is New Mexico’s leading economic center, accounting for half the state’s economic activity. • The economy is highly diversified, centering on science, medicine, technology, commerce, education, media entertainment, and culture (particularly fine arts); construction, film production, and retail. • Home to multiple academic institutions such as the University of New Mexico (25,441 Students) and Central New Mexico Community College (22,278 Students). • Film studios have a major presence throughout New Mexico; Netflix maintains a major production hub at Albuquerque Studios. LOS LUNAS | INDUSTRIAL HUB FOR THE ALBUQUERQUE MSA & REGION • Los Lunas is located 20 miles south of Albuquerque and has positioned itself as a logistics and warehousing hub due to its proximity to Interstate 25 and Interstate 40. • There are multiple warehouses and distribution centers in Los Lunas including a Walmart distribution center. This distribution center is one of the largest Walmart distribution centers in the region, employs 1,200 employees and is only 5 miles from the subject property. • Amazon opened a large fulfillment center south of Los Lunas, creating hundreds of jobs and contributing to the growth of the logistics sector in the region. • Los Lunas has seen population growth, which correlates with an increase in employment opportunities. The town’s population has grown by over 50% since the early 2000s. • There are multiple new development projects occurring in Los Lunas including an expansion of Interstate 25, a new hospital, and 4 new housing communities which will add 700+ homes to the area. INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 21,000 locations and plans to open 750 stores in 2025. • Dollar General has been in business for 80 years and has a current net worth of over $18.16 Billion.