Investment Overview

LOW RENT & PRICE POINT DOLLAR GENERAL • Dollar General pays a below-market rent of $74,016, which equates to a low price point. • With only 3.5 years remaining on the primary lease and one 5-year option, the landlord will be in a position to renegotiate the lease at a higher rent in approximately 8 years. • This investment offers an attractive 7.25% return that will increase to 7.97% in the next option period. CHESAPEAKE, VA | SUPERIOR DEMOGRAPHICS: 255,000+ PEOPLE WITHIN FIVE-MILE RADIUS • More than 255,000 people live within five miles of the property, providing Dollar General with a considerable surrounding customer base. • Chesapeake is part of the 1.8-million-resident Hampton Roads MSA, one of Virginia’s largest and most economically significant metropolitan regions. • The regional economy is supported by the U.S. military, Port of Virginia, shipbuilding, maritime commerce, logistics, healthcare, and tourism. INTERSTATE LOCATION | 48,000+ VPD • Located less than half a mile from Interstate 464, which supports approximately 48,000 vehicles per day. • I-464 provides direct connectivity to Downtown Norfolk, Interstate 64, and the broader Hampton Roads metropolitan area. • The property occupies a hard-corner location at Bainbridge Boulevard and Holly Avenue, providing convenient access from surrounding South Norfolk neighborhoods. NEAR NORFOLK NAVAL SHIPYARD | 12,000+ MILITARY & CIVILIAN PERSONNEL • Located less than one mile from Norfolk Naval Shipyard, a major U.S. Navy industrial facility with approximately 12,000 military and civilian personnel, creating a substantial concentration of employment near the property. • Norfolk Naval Shipyard encompasses approximately 747 acres and 4.25 miles of waterfront, reinforcing the scale and permanence of this major defense and industrial employment center. • Hampton Roads is also anchored by the Port of Virginia, whose activity supports approximately 565,000 jobs and $41 billion in labor income statewide, further strengthening the region’s maritime, logistics and industrial activity. INVESTMENT-GRADE TENANT | S&P: BBB | CORPORATE GUARANTEE • The lease is corporately guaranteed by Dollar General Corporation, a publicly traded Fortune 500 company with an investment-grade BBB credit rating from S&P. • Dollar General operates more than 21,000 locations and plans to open approximately 450 new stores in 2026. • Founded in 1939, Dollar General has more than 80 years of operating history and is one of the country’s largest discount retailers. • Its necessity-based merchandise and value-oriented business model support consistent consumer demand across economic cycles. 20+ YEARS OF OPERATING HISTORY | CORPORATE-GUARANTEED BY DOLLAR GENERAL • Dollar General has operated at this location since 2004, demonstrating more than 20 years of successful operating history and an established commitment to the South Norfolk trade area. • The current five-year option period runs through March 31, 2030, with annual rent of $74,016 representing a 10% increase over the preceding lease period. • One additional five-year renewal option remains at an annual rent of $81,408, providing another 10% rent increase. • Tenant is responsible for parking lot maintenance (subject to a $4,468 annual reimbursement cap), HVAC repairs below $750, insurance, real estate taxes, and utilities. • Landlord is responsible for roof and structural components, parking lot capital repairs, and major HVAC repairs equal to or greater than $750.