Dollar General

6985 US-401 - Bunnlevel NC 28323

LTV (Loan to Value)	65.00%	Current NOI	$7,593,792.00
Interest Rate	4.250%	Cap Rate	6.850%
Fixed Term	10 Years	Land Area	1.6 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$720,578	Property Type	Retail
Payment	$3,903.65	Property Lease	Discount
Building Size	9,071 SF	Remaining Terms	11 Years, 5 Months

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a 9,071 square-foot freestanding Dollar General property situated on 1.6 acres and located in Bunnlevel, NC. The Property was a brand new build-to-suit facility for the tenant in 2011. Dollar General is operating under a fifteen (15) year absolute triple net (NNN) lease with more than 11 years of remaining primary term. The lease features a 3% increase in year 11 of the primary term, as well as 10% increases in each of the five (5), five (5) year option periods. Bunnlevel is a rural community between Raleigh and Fayetteville, NC, ideally suited to leverage Dollar General’s merchandise platform and competitive store accessibility. The Property is located on US Highway 401 in the center of Bunnlevel. The next nearest Dollar General is in Erwin (>7 miles), while the next nearest Walmart and Family Dollar are in Erwin (>7 miles) and Dunn (>11 miles). The property is 100% leased to Dollar General Corporation (NYSE: DG, S&P: BBB-). Dollar General currently operates more than 11,800 stores in 43 states, and boasted revenues in excess of $18.91 billion as of January 2015 with a current net worth of approximately $5.71 billion. The company’s revenues rose by 9% in fiscal 2014 driven by a same-store sales increase of 3% and a consumables revenues increase of 11%.

Highlights

NNN Investment – Absolute net lease. Tenant is responsible for all expenses including roof, structure, taxes, insurance, and common area maintenance. Long Term Lease – More than 11 years remain on 15-year base lease term with a 3% increase in year 11 and 5, 5-year renewal options with 10% increases. Attractive Transaction Size – At the listed price point, the property is attractive for 1031 exchange investors, as well as private equity and high net worth individual investors. Corporate Guarantee – Lease guaranteed by Dollar General Corporation, an S&P BBB- rated corporation. The company currently has reported total revenues of $18.91 billion, a net income of $1.06 billion, and a net worth in excess of $5.71 billion. Highly Visible with Minimal Competition – The Bunnlevel location is situated on US Highway 401 across from the US Post Office. Competing retail options are available only in outlying communities.

Property Description

Bunnlevel is an unincorporated community along U.S. Highway 401 in the Stewarts Creek Township of Harnett County, North Carolina. As of 2015, the population was 233.In North Carolina, Harnett County is projected to be the 3rd fastest growth county behind Wake and Johnston Counties to 2030.Harnett County combines the benefits of living and doing business in a rural county with the economic and cultural opportunities afforded by North Carolina’s capital city and Research Triangle Park to its north and in the southern part of the county a vibrant and growing defense community at Fort Bragg. Fort Bragg is home to the United States Army Forces Command (FORSCOM) and the United States Army Reserve Command (USARC) as well as highly specialized, front line units.

NNN Loans Funding

Triple-Net Lease Financing arranged by NNNLenders. Offering Triple Net NNN Property Loans.