Post on 07-Aug-2020
www.WellsNetLeaseGroup.com
Corporate Guaranteed Lease (NYSE: DG)
S&P BBB Investment Grade Credit Rating
NNN Leases – No Landlord Responsibilities
Lease Terms with 12-14+ Years Remaining
New Construction Buildings
DOLLAR GENERAL
PORTFOLIO
David Wells | Managing Director
305.498.6095
david.wells@wellsnetlease.com
Peter Estlick | Investment Associate
305.965.9452
peter@wellsnetlease.com
REPRESENTATIVE PHOTO
Justin Estes
731.487.0634
jestes@emppro.us
Tennessee
& Kentucky|
www.WellsNetLeaseGroup.com
This marketing brochure has been prepared to provide a summary to prospective investors of the valuation of the lease or
leases contained herein and does not include or take into account any value of the real estate which is bonded under the lease
or leases contained herein. It is intended to be reviewed only by the party receiving it from WNL and should not be made
available to any other person or entity without the written consent of WNL.
The information contained herein is not a substitute for a thorough due diligence investigation. WNL has not made any
investigation, and makes no warranty or representation, with respect to the income or expenses for the bonded lease or lease
information contained herein and or it’s guarantor or guarantors nor any future projected financial performance. WNL
recommends and advises any and all prospective purchasers to work with a licensed real estate professional or legal counsel
to verify the size and square footage of the property and improvements, investigate the presence or absence of contaminating
substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements
thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its
occupancy of the subject property.
The information contained in this marketing brochure has been obtained from sources we believe to be reliable; however,
WNL has not verified, and will not verify, any of the information contained herein, nor has WNL conducted any investigation
regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the
information provided.
CONFIDENTIALITY
www.WellsNetLeaseGroup.comINVESTMENT SUMMARY
The subject portfolio consist of eight individual Dollar General
locations. The properties can be purchased as a portfolio or
individually. The properties are located across Tennessee and
Kentucky.
All locations are corporate backed by Dollar General. The
leases are all NNN leases with zero landlord responsibilities.
Each location has an original term of 15 years with five (5) year
option periods with increases.
The average length of term remaining for each location is 14
years. The properties are priced at 6.50% - 6.75% caps
depending on term remaining and location. Corporate Guaranteed Lease (NYSE: DG)
S&P BBB Investment Grade Credit Rating
NNN Leases – No Landlord Responsibilities
Lease Terms with 12-14+ Years Remaining
New Construction Buildings
Investment Highlights
www.WellsNetLeaseGroup.com
Tenant Property Address City State Sq. Ft. Commenc. ExpirationCap
RatePrice
Dollar General 226 Hwy 79 S Gibson TN 9,026 2/10/2016 2/28/2031 6.50% $969,231
Dollar General 7016 N First Street Milan TN 9,026 3/13/2016 3/31/2031 6.50% $1,044,738
Dollar General -
PLUS694 South Bells Street Alamo TN 10,566 7/14/2015 7/31/2030 6.75% $1,109,925
Dollar General -
PLUS135 North Main Street Lobelville TN 10,566 3/14/2015 3/31/2030 6.75% $1,156,222
Dollar General 3144 Christmasville RoadJackson
(Oakfield)TN 9,026 10/17/2014 10/31/2029 6.50% $1,066,591
Dollar General 3561 US Hwy 70 EastJackson
(Spring Creek)TN 9,026 7/17/2014 7/31/2029 6.75% $1,098,830
Dollar General 10711 Owensboro Rd Falls of Rough KY 9,026 7/29/2015 7/31/2030 6.75% $1,051,792
Dollar General -
PLUS1360 Hwy 259 Brownsville KY 10,640 2/13/2014 2/28/2029 6.75% $1,362,519
All Dollar General leases in this portfolio are NNN with (5) 5 Year Renewal Options
PORTFOLIO SUMMARY
www.WellsNetLeaseGroup.com
Taxes
Insurance
Maintenance/CAM
HVAC
Parking Lot
Roof & Structure
Utilities
Right of 1st Refusal
Assignment & Subletting
Termination Options
Rent Increase
Options
Increases in Options
Sales Reported
LEASE ABSTRACT
Tenant
Tenant
Tenant
Tenant
Tenant
Tenant
Tenant
None
No Landlord Consent Needed
None
Flat
(5) 5 Year
10% Per Option
No
www.WellsNetLeaseGroup.com
Investment Highlights
Corporate Guaranteed Lease (NYSE: DG)
S&P BBB Investment Grade Credit Rating
NNN Lease - 14+ Years Remaining
2016 Construction
Dollar General
Price
Cap Rate
Base Rent
Lease Term
Commencement
Expiration
Term Remaining
Lease Type
Increases
Guarantor
Public or Private
S&P Credit Rating
Options
Building Size
Lot Size
Year Built
INVESTMENT OVERVIEW
226 Hwy 79 S, Gibson, TN 38338
$969,250
6.50%
$63,000
15 Years
2/10/2016
2/28/2031
14+ Years
NNN
10% Options
Corporate
Public
BBB
(5) 5 Year
9,026 SF
1.42 Acres
2016
REPRESENTATIVE PHOTO
www.WellsNetLeaseGroup.com
Investment Highlights
Corporate Guaranteed Lease (NYSE: DG)
S&P BBB Investment Grade Credit Rating
NNN Lease - 14+ Years Remaining
2016 Construction
Dollar General
Price
Cap Rate
Base Rent
Lease Term
Commencement
Expiration
Term Remaining
Lease Type
Increases
Guarantor
Public or Private
S&P Credit Rating
Options
Building Size
Lot Size
Year Built
INVESTMENT OVERVIEW
7016 N 1st Street, Milan, TN 38358
$1,044,700
6.50%
$67,908
15 Years
3/13/2016
3/31/2031
14+ Years
NNN
10% Options
Corporate
Public
BBB
(5) 5 Year
9,026 SF
1.27 Acres
2016
REPRESENTATIVE PHOTO
www.WellsNetLeaseGroup.com
Investment Highlights
Corporate Guaranteed Lease (NYSE: DG)
S&P BBB Investment Grade Credit Rating
NNN Lease - 14 Years Remaining
Larger format Dollar General Plus
2015 Construction
Dollar General Plus
Price
Cap Rate
Base Rent
Lease Term
Commencement
Expiration
Term Remaining
Lease Type
Increases
Guarantor
Public or Private
S&P Credit Rating
Options
Building Size
Lot Size
Year Built
INVESTMENT OVERVIEW
694 South Bells Street, Alamo, TN 38001
$1,109,950
6.75%
$74,919.96
15 Years
7/14/2015
7/31/2030
14 Years
NNN
10% Options
Corporate
Public
BBB
(5) 5 Year
10,566 SF
3.92 Acres
2015
REPRESENTATIVE PHOTO
www.WellsNetLeaseGroup.com
Investment Highlights
Corporate Guaranteed Lease (NYSE: DG)
S&P BBB Investment Grade Credit Rating
NNN Lease – 13.5 Years Remaining
Larger format Dollar General Plus
2015 Construction
Dollar General Plus
Price
Cap Rate
Base Rent
Lease Term
Commencement
Expiration
Term Remaining
Lease Type
Increases
Guarantor
Public or Private
S&P Credit Rating
Options
Building Size
Lot Size
Year Built
INVESTMENT OVERVIEW
135 North Main Street, Lobelville, TN 37097
$1,156,200
6.75%
$78,045
15 Years
3/14/2015
3/31/2030
13.5 Years
NNN
10% Options
Corporate
Public
BBB
(5) 5 Year
10,566 SF
0.98 Acres
2015
REPRESENTATIVE PHOTO
www.WellsNetLeaseGroup.com
Investment Highlights
Corporate Guaranteed Lease (NYSE: DG)
S&P BBB Investment Grade Credit Rating
NNN Lease - 13+ Years Remaining
2014 Construction
Strong Demographics – 45K within 5 miles
Avg. HH Income within 5 miles: $78K
Dollar General
Price
Cap Rate
Base Rent
Lease Term
Commencement
Expiration
Term Remaining
Lease Type
Increases
Guarantor
Public or Private
S&P Credit Rating
Options
Building Size
Lot Size
Year Built
INVESTMENT OVERVIEW
3144 Christmasville Road, Jackson, TN 38305
$1,066,591
6.50%
$69,328.44
15 Years
10/17/2014
10/31/2029
13+ Years
NNN
10% Options
Corporate
Public
BBB
(5) 5 Year
9,026 SF
1.11 Acres
2014
REPRESENTATIVE PHOTO
www.WellsNetLeaseGroup.com
Investment Highlights
Corporate Guaranteed Lease (NYSE: DG)
S&P BBB Investment Grade Credit Rating
NNN Lease - 13 Years Remaining
2014 Construction
Dollar General
Price
Cap Rate
Base Rent
Lease Term
Commencement
Expiration
Term Remaining
Lease Type
Increases
Guarantor
Public or Private
S&P Credit Rating
Options
Building Size
Lot Size
Year Built
INVESTMENT OVERVIEW
3561 US Hwy 70 East, Jackson, TN 38305
$1,098,800
6.75%
$74,171.04
15 Years
7/17/2014
7/31/2029
13+ Years
NNN
10% Options
Corporate
Public
BBB
(5) 5 Year
9,026 SF
1.1 Acres
2014
REPRESENTATIVE PHOTO
www.WellsNetLeaseGroup.com
Investment Highlights
Corporate Guaranteed Lease (NYSE: DG)
S&P BBB Investment Grade Credit Rating
NNN Lease - 14 Years Remaining
2015 Construction
Dollar General
Price
Cap Rate
Base Rent
Lease Term
Commencement
Expiration
Term Remaining
Lease Type
Increases
Guarantor
Public or Private
S&P Credit Rating
Options
Building Size
Lot Size
Year Built
INVESTMENT OVERVIEW
10711 Owensboro Rd, Falls of Rough, KY 40119
$1,051,850
6.75%
$70,999.56
15 Years
7/29/2015
7/31/2030
14 Years
NNN
10% Options
Corporate
Public
BBB
(5) 5 Year
9,026 SF
1.38 Acres
2015
REPRESENTATIVE PHOTO
www.WellsNetLeaseGroup.com
Investment Highlights
Corporate Guaranteed Lease (NYSE: DG)
S&P BBB Investment Grade Credit Rating
NNN Lease – 12.5 Years Remaining
Larger format Dollar General Plus
2014 Construction
Dollar General Plus
Price
Cap Rate
Base Rent
Lease Term
Commencement
Expiration
Term Remaining
Lease Type
Increases
Guarantor
Public or Private
S&P Credit Rating
Options
Building Size
Lot Size
Year Built
INVESTMENT OVERVIEW
1360 Hwy 259, Brownsville, KY 42210
$1,362,500
6.75%
$91,970.04
15 Years
2/13/2014
2/28/2029
12.5 Years
NNN
10% Options
Corporate
Public
BBB
(5) 5 Year
10,640 SF
1.45 Acres
2014
REPRESENTATIVE PHOTO
www.WellsNetLeaseGroup.com
Corporate Information
Company Name
S&P Credit Rating
Public or Private
Ticker
Founded
Headquarters
Number of locations
Number of Employees
Website
Tenant Overview
Tenant Highlights
• Dollar General (NYSE: DG)
• S&P BBB Investment Grade Credit
• 12,400+ stores in 43 U.S. states
• $20.4 billion in sales
TENANT OVERVIEW
Dollar General Corp.
BBB
Public
NYSE: DG
1939
Goodlettsville, TN
12,400+
114,000
www.dollargeneral.com
Dollar General Corp. is a U.S. chain of variety stores
headquartered in Goodlettsville, Tennessee. As of January
2016, Dollar General operated 12,400+ stores in 43 U.S.
states.
Dollar General offers both name brand and generic
merchandise — including off-brand goods and closeouts
of name-brand items — in the same store, often on the
same shelf. Although it has the word "dollar" in the name,
Dollar General is not a dollar store by the strict definition of
that term as most of its products are priced at more than
$1.00. However, goods are usually sold at set price points
in the range of .50 to 60 dollars. Dollar General often
serves communities that are too small for Walmart stores.
It competes in the dollar store format with national chains
Family Dollar and Dollar Tree, regional chains such as
Fred's in the Southeast, and numerous independently
owned stores.
Since 2000, Dollar General has experimented with stores
that carry a greater selection of grocery items. These
stores operate under the name "Dollar General Market".
www.WellsNetLeaseGroup.comSTORE LOCATIONS MAP
1) Gibson, TN 5) Jackson (Oakfield), TN
2) Milan, TN 6) Jackson (Spring Creek), TN
3) Alamo, TN 7) Falls of Rough, KY
4) Lobelville, TN 8) Brownsville, KY
www.WellsNetLeaseGroup.com
David Wells
Managing Director
305.498.6095
david.wells@wellsnetlease.com
For additional information contact:
Peter Estlick
Investment Associate
305.965.9452
peter@wellsnetlease.com
Justin Estes
731.487.0634
jestes@emppro.us