INVESTMENT OFFERING

$1,276,896 | 6.25%Benson, North Carolina

Representative Photo – Not Actual Property

LOCATION: 7319 NC 50 S

Benson, NC 27504

PROPERTY: Single Tenant 9,014 SF building on 1.93 acres

LEASE STRUCTURE: 15 year absolute NNN Lease with corporate guaranty

(S&P BBB- credit)

SUMMARY: 2016 new store build to suit

• August 2016 completion date

• Hard corner at major intersection

George Venters, CCIM(919) 459-2602gventers@vanguardpg.com

All information contained herein is deemed from reliable sources but not guaranteed and must be independently verified. Terms of sale are subject to change or withdrawal without notice.

| Benson, North Carolina

INVESTMENT OVERVIEW

PROPERTY SUMMERY

ADDRESS: 7319 NC 50 S

Benson, NC 27504

Johnston County

BUILDING SIZE: 9,014 square feet

LOT SIZE: 1.93 acres

OWNERSHIP: Fee Simple

PRICE: $1,276,896

PRICE PSF: $141.66

NOI: $79,806.00

CAP RATE: 6.25%

RENT PSF: $8.85

YEAR BUILT: 2016

TRAFFIC

COUNT: 2,500 (NC 50 S)

1,700 (NC 96)

LEASE SUMMARY

LEASE GUARANTOR: Dollar General Corporation

INITIAL LEASE TERM: 15 years

RENEWAL OPTIONS: Four, 5-year options

RENT INCREASES: 10% in each option period

LEASE COMMENCMENT: October 2016

LEASE EXPIRATION: November 2031

LEASE TYPE: Absolute NNN

RENT SCHEDULE:

INITIAL TERM (1-15): $79,806.00

FIRST OPTION (16-20): $87,786.60

SECOND OPTION (21-25): $96,565.32

THIRD OPTION (26-30): $106,221.84

FOURTH OPTION (31-35): $116,844.00

All information contained herein is deemed from reliable sources but not guaranteed and must be independently verified. Terms of sale are subject to change or withdrawal without notice.

DEMOGRAPHICS (2016) | Source: ESRI

Category 3 mile 5 mile 7 mile

Population 2,107 6,238 16,065

Households 791 2,329 6,014

Average HH Income $57,729 $54,110 $51,844

All information contained herein is deemed from reliable sources but not guaranteed and must be independently verified. Terms of sale are subject to change or withdrawal without notice.

TENANT OVERVIEW

www.dollargeneral.com

NYSE: DG

Goodlettsville, Tenn.-based Dollar General Corporation is the nation's largest small-box discount retailer. Dollar General helps

shoppers Save time. Save money. Every day!(R) by offering quality private and national branded items that are frequently used and

replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, house wares and seasonal items at

everyday low prices in convenient neighborhood stores. Dollar General is among the largest retailers of top-quality products made

by America's most trusted manufacturers such as Procter & Gamble, Kimberly Clark, Unilever, Kellogg's, General Mills, Nabisco,

PepsiCo and Coca-Cola.

In 1939 Cal Turner, Jr. and his father, J.L. Turner founded J.L. Turner & Son, Inc., later changing the name of the company to Dollar

General Corporation in 1968. The first Dollar General store opened in Scottsville, KY in 1955. Today, Dollar General operates over

10,500 stores in 40 states.

In 2007 Kohlberg Kravis Roberts & Co (KKR) and other corporate investors acquired the company for $7.3 billion in a privatized

restructuring. Two years later in 2009, Dollar General once again became a public company through an IPO that was deemed the

largest retail store IPO in over 15 years, raising $716 million.

Financial Highlights

• 2015 Revenue: $20.3 billion

• 2015 Same Store Sales Growth: 2.8%

• Locations: Over 12,400 in 40 states

• 2015 Sales Per Square Foot: $226

• Standard & Poors Credit Rating: BBB- (investment grade)

• Moody’s Credit Rating: Baa3

• #164 in Fortune 500

• Industry: Discount Merchandise

| Benson, North Carolina

LOCATION MAP

All information contained herein is deemed from reliable sources but not guaranteed and must be independently verified. Terms of sale are subject to change or withdrawal without notice.

| Benson, North Carolina

VICINITY MAP

All information contained herein is deemed from reliable sources but not guaranteed and must be independently verified. Terms of sale are subject to change or withdrawal without notice.

| Benson, North Carolina

Raleigh, NCDurham, NC

Cary, NC

Benson, NC

Goldsboro, NC

Wilson, NC

Garner, NC

Clayton, NC

Newton Grove, NC

All information contained herein is deemed from reliable sources but not guaranteed and must be independently verified. Terms of sale are subject to change or withdrawal without notice.

AERIAL PHOTO

| Benson, North Carolina

Meadow School (K-12)

Restaurant

ConvenienceStore

Farm Supply/Feed

Store

ConvenienceStore

Church

All information contained herein is deemed from reliable sources but not guaranteed and must be independently verified. Terms of sale are subject to change or withdrawal without notice.

SITE PLAN

| Benson, North Carolina