15 YR. ABSOLUTE NNN LEASE | 651 WEST MAIN STREET, SMITHFIELD, VA 23430

Evan K. Langert, Esq.Director-Leasing and Investment Sales1111 Benfield Blvd. Suite 250Millersville, MD 21108443.529.0505 direct410.729.7700 o�ceelangert@thelangertgroup.com

DOLLAR GENERAL | ABSOLUTE NNNINVESTMENTOPPORTUNITY

CONFIDENTIALITY AND DISCLAIMERAll materials and information received or derived from KW Commerical / The Langert Group, its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty by KW Commercial / The Langert Group its directors, officers, agents, advisors, or affiliates as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. Neither KW Commercial / The Langert Group its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Commercial / The Langert Group will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

15 YR. ABSOLUTE NNN LEASE | 651 WEST MAIN STREET. SMITHFIELD, VA 23430

INVESTMENT OVERVIEW 01INVESTMENT SUMMARY

INVESTMENT OVERVIEW

TENANT 02TENANT OVERVIEW

AREA OVERVIEW 03ELEVATIONS

SITE PLAN

AREA MAP

AERIAL MAP

DEMOGRAPHICS 04AREA DEMOGRAPHICS

15 YR. ABSOLUTE NNN LEASE | 651 WEST MAIN STREET. SMITHFIELD, VA 23430

TABLE OF CONTENTS

INVESTMENT

OVERVIEW

15 YR. ABSOLUTE NNN LEASE | 651 WEST MAIN STREET. SMITHFIELD, VA 23430

INVESTMENT OVERVIEW

15 YR. ABSOLUTE NNN LEASE | 651 WEST MAIN STREET. SMITHFIELD, VA 23430

INVESTMENT SUMMARY

MARKET PRICECURRENT NOICAP RATEPRICE PER SQ FTRENT PER SQ FT

$1,697,680$106,105.506.25% Cap$176.67$11.41

TENANTGUARANTORLEASE TYPELEASE STARTLEASE ENDBUMPSOPTIONSOPT. BUMPS

Dolgencorp, LLCDollar General CorporationAbsolute NNN Lease08/201408/2029Flat During TermFive (5 Yr.) Extensions10% At Each Option

FINANCIAL OVERVIEW

YEAR BUILTACREAGESQUARE FEETARCHITECTUREFOUNDATIONROOFHVACPARKING

Absolute NNN Dollar General (Zero Responsibilities)15 Year Term | Five (5 Yr.) Options | 10% Bumps at EachUpgraded Construction All Four Sides BrickPopulation Within 10 Miles Exceeds 28,722Highly Affluent Customer BaseAverage Household Income Within 3 Miles of $70,411Corporate Guarantee by DG which Carries a “BBB” Rating

2014+/- 1 Acre9,301UpgradedConcrete BlockStanding Seam RoofGround MountedAmple

PROPERTY OVERVIEW

INVESTMENT HIGHLIGHTS

INVESTMENT SUMMARY

LEASE SUMMARY

Evan K. Langert, Esq.Director-Leasing and Investment Sales1111 Benfield Blvd. Suite 250Millersville, MD 21108443.529.0505 direct410.729.7700 o�ceelangert@thelangertgroup.com

15 YR. ABSOLUTE NNN LEASE | 651 WEST MAIN STREET. SMITHFIELD, VA 23430

INVESTMENT OVERVIEW

KW Commercial / The Langert Group is pleased to present this 9,301 SF Dollar General store, located in Smithfield, VA. The property is encumbered with a Fifteen

(15) Year Absolute NNN Lease, leaving Zero landlord responsibilities. The leases also contains Five (5 Yr.) options, each with a 10% rental rate increase. The lease is

corporately guaranteed by Dollar General which holds an investment grade credit rating of “BBB-”.

The Dollar General is strategically located in Smithfield, VA. In Isle of Wight County. Smithfield offers residents a small-town atmosphere, a good school system,

affordable housing, a historic downtown, and a new state-of-the-art community / conference center - The Smithfield Center. According to the Virginia Review,

Smithfield is “without a doubt, one of the prettiest towns in Virginia.” The population within a ten mile radius is greater than 28,700 with the average household income

within a three mile radius exceeding $70,411. This investment will offer a new owner continued success due to the financial strength and the proven profitability of

the tenant, one of the nation’s top dollar stores. List price reflects a 6.25% cap rate based on NOI of $106,105.50.

INVESTMENT OVERVIEW

TENANT

OVERVIEW

15 YR. ABSOLUTE NNN LEASE | 651 WEST MAIN STREET. SMITHFIELD, VA 23430

TENANT OVERVIEW

15 YR. ABSOLUTE NNN LEASE | 651 WEST MAIN STREET. SMITHFIELD, VA 23430

TENANT OVERVIEW

Dollar General commands a chain of more than 13,000+ discount stores in 40 states, primarily in the southern and eastern US, the Midwest, and the Southwest.

Offering basic household items, such as cleaning supplies, health and beauty aids, as well as some apparel and food, it targets low-middle, and fixed income

shoppers. Although it has the word “dollar” in its name, Dollar General is not solely a dollar store. The company offers goods sold at set price points of penny items

up to the range of 50 to 60 dollars. Some of its higher end items include over-the-counter medicines, seasonal products, pet supplies, and pet food products,

prepaid cell phones and accessories, and automotive supplies.

Cal Turner founded J. L. Turner & Son, Inc. in 1939 and opened the first Dollar General Store in Scottsville, Kentucky in June 1955. Since then the company has

grown into the country’s largest small-box discount retailer. Store are generally located in small towns off the radar of giant discounters. Its big-city stores (about

30% of its total) are situated in lower-income neighborhoods. Some 25% of its merchandise is priced at $1 or less.

TENANT OVERVIEW

Common Stock Value$19.01 Billion

13,000+Locations

2015 SALES$20.4 Billion

COMPANY TYPEPublic

2015 NET INCOME$1.17 Billion

S& P CREDITBBB - Investment Grade

RANKED139 on the Fortune 500 List

AREA

OVERVIEW

15 YR. ABSOLUTE NNN LEASE | 651 WEST MAIN STREET. SMITHFIELD, VA 23430

AREA OVERVIEW

15 YR. ABSOLUTE NNN LEASE | 651 WEST MAIN STREET. SMITHFIELD, VA 23430

ELEVATIONS

15 YR. ABSOLUTE NNN LEASE | 651 WEST MAIN STREET. SMITHFIELD, VA 23430

SITE PLAN

15 YR. ABSOLUTE NNN LEASE | 651 WEST MAIN STREET. SMITHFIELD, VA 23430

LOCATION MAP

LAUNDRY LAND LAUNDROMAT

SEABORNE BARBER SHOP

JERSEY PARK APARTMENTS

F-661

15 YR. ABSOLUTE NNN LEASE | 651 WEST MAIN STREET. SMITHFIELD, VA 23430

AERIAL MAP

DEMOGRAPHICS

15 YR. ABSOLUTE NNN LEASE | 651 WEST MAIN STREET. SMITHFIELD, VA 23430

DEMOGRAPHICS

2016 Summary

Households

Families

Average Household Size

Owner Occupied Housing Units

Renter Occupied Housing Units

Median Age

Median Household Income

Average Household Income

1 Mile

1,860

795

502

2.34

379

417

39.3

$35,153

$47,304

3 Miles

10,642

4,095

3,040

2.57

3,056

1,040

44.2

$64,526

$80,863

5 Miles

16,829

6,457

4,907

2.58

5,041

1,417

45.2

$70,209

$87,263

2021 Summary

Households

Families

Average Household Size

Owner Occupied Housing Units

Renter Occupied Housing Units

Median Age

Median Household Income

Average Household Income

1 Mile

1,925

822

516

2.34

386

436

41.4

$34,149

$47,677

3 Miles

11,068

4,250

3,144

2.57

3,152

1,098

45.3

$70,550

$87,211

5 Miles

17,544

6,717

5,087

2.59

5,221

1,496

46.3

$78,408

$94,332

1 MILE

3 MILE

5 MILE

15 YR. ABSOLUTE NNN LEASE | 651 WEST MAIN STREET. SMITHFIELD, VA 23430

DEMOGRAPHICS

Exclusively Listed By:Evan K Langert

Director-Leasing and Investment Sales

| elangert@thelangertgroup.com| 443.529.0505| 410.729.7700

DOLLAR GENERAL 651 WEST MAIN STREET | SMITHFIELD, VA 23430

INVESTMENTOPPORTUNITY