SINGLE TENANT ABSOLUTE NNN Investment Opportunity

6825 PHENIX MAIN STREET

PHENIX VIRGINIAREPRESENTATIVE PHOTO

REPRESENTATIVE PHOTO NATIONAL NET LEASE GROUP 2

EXCLUSIVELY MARKETED BY

BRITT RAYMONDFirst Vice PresidentSRS National Net Lease Group

366 Madison Avenue, 5th FloorNew York, NY 10017 D 929.229.2614M 704.517.4712britt.raymond@srsre.com | NY License No. 10401234463

KYLE FANTSenior AssociateSRS National Net Lease Group

366 Madison Avenue, 5th FloorNew York, NY 10017D 929.229.2613 M 973.632.1386kyle.fant@srsre.com | NY License No. 10401281546

Broker of Record: David Wirth, SRS Real Estate Partners-Northeast, LLCVA License No. 0225198340

REPRESENTATIVE PHOTO NATIONAL NET LEASE GROUP 3

4INVESTMENT SUMMARY

Offering Summary | Investment Highlights

7PROPERTY OVERVIEW

Aerials | Site Plan | Location Map

11AREA OVERVIEW

Demographics

13FINANCIALS

Rent Roll | Brand Profile

CONTENTS

REPRESENTATIVE PHOTO NATIONAL NET LEASE GROUP 4

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an absolute NNN leased, corporate guaranteed, Dollar General investment property located in Phenix, Virginia. The tenant, Dollar General, recently signed a brand new 15 year lease with 5 (5-year) option periods to extend, demonstrating a strong commitment to the site. The lease features a 9% rental increase at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities as Dollar General is responsible for all operating expenses, insurance, and property taxes. The lease is guaranteed by Dollar General Corp (NYSE: DG) with an investment grade credit rating of BBB from Standard and Poor’s.

The subject property is strategically located on Phenix Main St. / State Highway 40 - one of the main thoroughfares in town. Phenix is located 93 miles southwest of Richmond VA, 79 miles east of Roanoke VA, and 108 miles north of Raleigh NC. The town of Phenix is an ideal location for the Dollar General business model, featuring a sparse population with low-to-middle level incomes. The 5-mile trade area is supported by a population of 1,837 residents with an average household income of $53,428.

INVESTMENT SUMMARY

REPRESENTATIVE PHOTO NATIONAL NET LEASE GROUP 5

Offering

Property Specifications

PRICING $1,293,000

NET OPERATING INCOME $84,051

CAP RATE 6.50%

GUARANTY Dollar General Corporation (Corporate)

TENANT Dolgencorp, LLC d.b.a Dolgen, LLC

LEASE TYPE Absolute NNN

LANDLORD RESPONSIBILITIES None

OFFERING SUMMARY

RENTABLE AREA 7,489 SF

LAND AREA 1.49 Acres

PROPERTY ADDRESS 6825 Phenix Main St. Phenix, VA 23959

YEAR BUILT 2019

PARCEL NUMBERS 36A2-1-6-2; 36A2-1-6-19; 36A2-1-6-25

OWNERSHIP Fee Simple (Land & Building)

Parcel Map

REPRESENTATIVE PHOTO NATIONAL NET LEASE GROUP 6

15 Years Remaining | Corporate Guaranteed Lease | New Construction

• 15 years remain in the tenant’s initial lease term with 5 (5-year) options to extend

• 9% rental increase at the beginning of each option period• 2019 construction build-to-suit Dollar General

Absolute NNN Lease | Fee Simple Ownership | Zero Management Responsibilities

• Tenant pays for maintenance, taxes, and insurance • No landlord responsibilities

• Ideal, management-free investment for an out-of-state, passive investor

Investment Grade Tenant Dollar General (NYSE: DG | S&P: BBB)• Dollar General is an investment grade tenant with a credit rating of BBB

by S&P• 15,370 stores located in 44 states throughout the United States as of

February 1, 2019• Ranked #119 on the Fortune 500 list - up 4 points from 123 last year

(Dollar General has moved up the Fortune 500 Ranking for the 11th consecutive year)

• Dollar General plans to undertake some 2,075 real estate projects in 2019, include 975 new store openings (up from 900 in 2018), 1,000 mature store remodels, and 100 store relocations

Ideal Brand Demographics In 5-mile Trade Area• More than 1,800 residents with an average household income of

$53,428• Low-to-middle level income sought after by the Dollar General Brand

INVESTMENT HIGHLIGHTS

NATIONAL NET LEASE GROUP 7

PROPERTY OVERVIEW

Location

Parking

Access

Parcel

Traffic Counts

Year Built

Improvements

Zoning

Located inCharlotte County

There are approximately 28 parking spaces

on the owned parcel.

The parking ratio is approximately 3.74 stalls per

1,000 SF of leasable area.

Phenix Main Street / State Highway 40

1 Access Point

Parcel Numbers: 36A2-1-6-2; 36A2-1-6-19;

36A2-1-6-25 Acres: 1.49

Square Feet: 64,904

Phenix Main Street / State Highway 40

2,200 Cars Per Day

2019

There is approximately 7,489 SF of existing building area

Business

PHENIX MAIN ST. / STATE HIGHWAY 40

STATE HIGHW

AY 727

CHARLOTTE ST.

LINCOLN ST.

NATIONAL NET LEASE GROUP 8

CARS PER DAY2,200

PYLON SIGN

PHENIX MAIN ST. / STATE HIGHWAY 40

RED HO

USE RD.

CHESTER ST.

CARS PER DAY2,200

NATIONAL NET LEASE GROUP 9

NATIONAL NET LEASE GROUP 10

RICHMOND1 hr 42 min 93 miles

RALEIGH2 hr 17 min 108 miles

NEWPORT NEWS2 hr 48 min 161 miles

ROANOKE1 hr 45 min 79 miles

PHENIX

LOCATION MAP

2019 ESTIMATED POPULATION

5 Mile 1,837

7 Mile 3,869

10 Mile 7,442

2019 AVERAGE HOUSEHOLD INCOME

5 Mile $53,428

7 Mile $51,838

10 Mile $52,627

2019 ESTIMATED TOTAL EMPLOYEES

5 Mile 178

7 Mile 766

10 Mile 1,205

NATIONAL NET LEASE GROUP 11

AREA OVERVIEW Phenix, Virginia

Phenix is a town in Charlotte County, Virginia, United States. The Town of Phenix had a population of 230 as of July 1, 2018. Phenix ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Virginia

Charlotte County is a United States county located in the south central part of the Commonwealth of Virginia. Its county seat is the town of Charlotte Court House. The county was formed in 1764 from Lunenburg County, and it is named for Queen Charlotte, wife of King George III of Great Britain. The county residents later became staunch supporters of independence and the American Revolution, and Founding Father Patrick Henry was one of its most famous residents. His grave and the national memorial dedicated to him are located in Charlotte County.

Located in south-central Virginia, Charlotte County is only 1.5 hours from Richmond; 2 hours from Raleigh, North Carolina; and 3 hours from Norfolk’s ports. The county is traversed by four-lane arterial highway 360, and access to I-85 is less than an hour away. Four-lane highway 58 lies half an hour south of the county and highway 460 runs just beyond the county’s northern border, providing easy access to interstates and surrounding metropolitan areas.

Charlotte County Public Schools offer students a comprehensive education focused on basic academic skills, problem solving, decision making, communication and technology. The school system is comprised of an early learning center, three elementary schools, one middle school, and one high school. Total enrollment is approximately 2,275 children. The Charlotte Adult Learning Center was founded in 1986 to help illiterate adults in Charlotte County and surrounding areas learn to read. Since then, the organization has grown to include classes in preGED® and GED®, English as a Second Language, basic computer literacy, writing, money management, health literacy, and public speaking. The Learning Center also offers a used bookstore featuring a large selection of books at discounted prices.

SVCC is an accredited community college that has served the citizens of Southside Virginia for over thirty-five years. SVCC has seven locations and a total enrollment of approximately 8,000 students. The John H. Daniel campus is located in Keysville, Virginia, providing Charlotte County residents the opportunity to obtain quality education close to home.

NATIONAL NET LEASE GROUP 12

AREA DEMOGRAPHICS

5 MILES 7 MILES 10 MILES

2019 Estimated Population 1,837 3,869 7,442

2024 Projected Population 1,833 3,843 7,425

2010 Census Population 1,764 3,766 7,236

Historical Annual Growth 2010 to 2019 0.44% 0.29% 0.30%

2019 Estimated Households 758 1,539 2,955

2024 Projected Households 756 1,528 2,947

2010 Census Households 727 1,498 2,875

Historical Annual Growth 2010 to 2019 0.45% 0.29% 0.30%

2019 Estimated White 71.0% 69.1% 68.9%

2019 Estimated Black or African American 26.1% 27.7% 27.7%

2019 Estimated Asian or Pacific Islander 0.2% 0.4% 0.3%

2019 Estimated American Indian or Native Alaskan 0.4% 0.3% 0.4%

2019 Estimated Other Races 0.6% 0.7% 0.8%

2019 Estimated Hispanic 1.1% 1.6% 1.7%

2019 Estimated Average Household Income $53,428 $51,838 $52,627

2019 Estimated Median Household Income $44,587 $42,031 $41,903

2019 Estimated Per Capita Income $21,337 $20,596 $21,032

2019 Estimated Total Businesses 29 115 178

2019 Estimated Total Employees 178 766 1,205

REPRESENTATIVE PHOTO NATIONAL NET LEASE GROUP 13

Lease Term Rental Rates

TENANT NAMESQUARE

FEETLEASE START

LEASE END

BEGIN INCREASE MONTHLY PSF ANNUALLY PSFRECOVERY

TYPEOPTIONS

Dollar General (Corporate Guaranty)

7,489 10/1/2019 9/30/2034 10/1/2019 - $7,004 $0.94 $84,051 $11.22 Absolute NNN 5 (5-Year)

9% Incr. at the beg. of each option

FINANCIAL INFORMATION

Price $1,293,000

Net Operating Income $84,051

Cap Rate 6.50%

Lease Type Absolute NNN

For financing options and loan quotes:Please contact our SRS Debt & Equity team at debtequity-npb@srsre.com.

RENT ROLL

PROPERTY SPECIFICATIONS

Year Built 2019

Rentable Area 7,489 SF

Land Area 1.49 Acres

Address 6825 Phenix Main St. Phenix, VA 23959

REPRESENTATIVE PHOTO NATIONAL NET LEASE GROUP 14

BRAND PROFILE Dollar General dollargeneral.com

Dollar General Corporation has been delivering value to shoppers for 80 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at everyday low prices in convenient neighborhood locations. Dollar General operated 15,597 stores in 44 states as of May 3, 2019. In addition to high-quality private brands, Dollar General sells products from America’s most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo.

COMPANY TYPE 2019 EMPLOYEES 2019 REVENUE

Public (NYSE: DG) 135,000 $25.63 B

2019 NET INCOME 2019 ASSETS 2019 EQUITY CREDIT RATING

$1.59 B $13.20 B $6.42 B S&P: BBB

RETAIL PROFESSIONALS

OFFICES LARGEST REAL ESTATE SERVICES FIRMin North America

exclusively dedicated to retail

RETAIL LISTINGSin 2018

TRANSACTION VALUEin 2018

275+ 25+ #1 1500+ $2.6B

SRS NATIONAL NET LEASE GROUP IS THE EXCLUSIVE NET LEASE CAPITAL MARKETS TEAM OF SRS REAL ESTATE PARTNERS.

This Offering Memorandum has been prepared by SRS National Net Lease Group (SRS) and has been approved for distribution by the owner. Although effort has been made to provide accurate information, neither the owner nor SRS can warrant or represent accuracy or completeness of the materials presented herein or in any other written or oral communications transmitted or made

available to the purchaser. Many documents have been referred to in summary form and these summaries do not purport to represent or constitute a legal analysis of the contents of the applicable documents. Neither owner nor SRS represents that this offering summary is all inclusive or contains all of the information a purchaser may require. All of the financial projections and/or conclusions presented herein are provided strictly for reference purposes and have been developed based upon assumptions and conditions in effect at the time the evaluations were undertaken. They do not

purport to reflect changes in the economic performance of the property or the business activities of the owner since the date of preparation of this Offering Memorandum. The projected economic performance of the property, competitive submarket conditions, and selected economic and demographic statistics may have changed subsequent to the preparation of the package. Qualified

purchasers are urged to inspect the property and undertake their own independent evaluation of the property, the market and the surrounding competitive environment.

*Statistics are for 2018

SRSRE.COM/NNLG