28743 AL Highway 99
Elkmont, AL 35620

NNN LEASE | The lease is NNN, with no landlord responsibilities. The tenant is responsible for maintaining and repairing all aspects of the subject property including the roof, structure parking lots, HVAC, insurance and property taxes. LONG TERM LEASE | There are thirteen (13.75) years remaining on the lease term, plus five (5), five (5) year options. RENT INCREASES | The lease provides for 10% rent increases at each option period. This provides a hedge against potential future inflation. LIMITED COMPETITION | Dollar General is located in a strategic area, with no competitor retailers in the vicinity. The next closest grocery chain is Dollar General is nearly 10 miles from subject property. NEW CONSTRUCTION | The building was built in 2017. STRATEGIC DEMOGRAPHICS | The average household income in the three (3) mile demographic ring is $59,845 which fits Dollar General’s target customer base. CORPORATE GUARANTEE | The lease is guaranteed by Dollar General Corporation (NYSE: DG), a highly regarded company which has an investment grade credit rating of BBB (S&P) and Baa2 (Moody’s). The company operates over 14,600+ Dollar General locations with over 130,000 employees throughout the U.S.