Investment Overview

JACKSONVILLE, FL | MOST POPULOUS CITY IN FL • The property is located in Jacksonville, FL, the most populous city in Florida and the largest city by area in the United States. • Jacksonville, the county seat of Duval County, is the cultural, commercial, and financial center of Northern Florida. • A significant military and civilian deep-water port, the city’s riverine location supports two United States Navy bases and the Port of Jacksonville, Florida’s third-largest seaport. • The Port of Jacksonville is a leading port in the United States for automobile imports and the state’s leading transportation and distribution hub. • The city is home to many prominent corporations and organizations, including the headquarters of three Fortune 500 companies: CSX Corporation, Fidelity National Financial, and Fidelity National Information Services. • In addition to being the home of the NFL Team, the Jacksonville Jaguars, multiple colleges and universities lie within the city’s limits, including Strayer University (52,253 students), the University of North Florida (16,295 Students), and Florida State College at Jacksonville (20,363 students). 5 MILE POPULATION 122,572 • The subject property is located in a dense residential area in Jacksonville with a 5-mile population of 122,572. • The 5-mile population growth is 3.74%, and the average household income is nearly $80,743, which is superior to most Dollar General Locations. LOCATED OFF OF INTERSECTION OF I-10 & I-295 (250,000 VPD) • This Dollar General is uniquely positioned at the intersection of two major interstates. • This Dollar General is located 1 mile from an exit on I-10 that sees over 115,000 VPD. • This Dollar General is uniquely positioned at the intersection of two major interstates with a combined 250,000 VPD. TAX FREE STATE • Florida is one of 7 U.S. States that has no State Income Tax. 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 $18.16B. RECENTLY EXTENDED LEASE WITH EARLY RENEWAL • The subject property is a Dollar General that has been operating at this location since 2005. • In 2025, Dollar General extended their lease early through September 2030 and increased their rent per the lease by 10% demonstrating their commitment to this location. • Dollar General does not have any option periods remaining, providing an opportunity to the landlord to negotiate a new lease with market rent. • The lease is NN with the Tenant responsible for Parking Lot Repair, Taxes, Insurance, and Utilities. • The landlord is responsible for the Roof, Structure, Parking Lot Replacement, and HVAC.