PHOTO

Actual Store

Dollar General

• 2019 New Construction• Upgraded Brick (3-Sides)• 15 Year Lease• Absolute NNN• Large Trade Area• Just 29 Miles from Richmond• Located in the Richmond MSA• Neighboring Charles City Elementary & High Schools

Charles City, VAClick for Drone Video

*Listed in conjunction with VA Licensed Broker: Michael Katz (License 0225059347) of REF Advisory Inc. (239) 339 7096 | mkatz@refavisory.com

Disclaimer | ConfidentialityThis Offering Memorandum has been prepared by District Real Estate Advisors for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto, nor does it claim to be all-inclusive or to contain all the information which prospective investors may need or desire. All projections have been developed by District Real Estate Advisors and designated sources and are based upon assumptions relating to the general economy, competition and other factors beyond the control of the Seller, and are, therefore, subject to variation. No representation is made by District Real Estate Advisors as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further to this, District Real Estate Advisors and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained herein, or for omissions from the Memorandum or any other written or oral communication transmitted or made available to the recipient. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to District Real Estate Advisors. The information contained in the following offering memorandum is proprietary and strictly confidential. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property or Seller since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective purchaser. District Real Estate Advisors makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, 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 offering memorandum has been obtained from sources we believe to be reliable; however, District Real Estate Advisors has not verified, and will not verify, any of the information contained herein, nor has District Real Estate Advisors conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, demographics, traffic count or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Table of Contents

Property Information Overview & Highlights 4

Area Overview 5

Tenant Overview 6

Location Map & Demographics 7

Aerial 8-10

Site Plan 11

Contact 12

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, demographics, traffic count or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, demographics, traffic count or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

2019 new upgraded construction, located on a 2.66 acre parcel directly on Courthouse Road (Route 155) in Charles City County. The county is midway between Richmond and Hampton Road with the immediate area home to County Elementary & High Schools, County Courthouse, County Administrator and School Board offices. The property is located within the Richmond MSA and is just 29 miles from downtown Richmond and only 26 miles from the Richmond International Airport. Interstate access is in close proximity just 11 miles north at I-64 and US-60 is just 7 miles north. The property is neighbored by .

Lease Abstract

• 2019 New Construction

• 15 Year Initial Lease Term

• Upgraded Brick on 3-Sides

• Adjacent to County Schools

• County Courthouse is 0.7 Miles South

• Just 29 miles from Downtown Richmond

• Located in the Richmond MSA

• S&P Credit Rating: BBB (Stable)

• Ideal Investor/1031 Exchange Property

Investment Highlights Property Overview

10341 Courthouse Road Charles City, VA 23030

Actual Store

Price $1,647,000

CAP 6.25%

NOI $102,925.32

Options 5 x 5 Year Options

10% Rent Increases in Each

Building Size 9,100 +/- SF

Land Area 2.66 +/- acres

Rent Per SF $11.31 PSF

Price Per SF (Building) $180.98 PSF

Land Area Price Per SF $14.21 PSF

Construction Completion 2019

Lease Commencement Date 10/27/2019

Lease End Date 10/31/2034

Tenant/Guaranty Dollar General (NYSE: DG)

Lease Type NNN

Area OverviewCharles City is located on the banks of the James River just 29 miles south of downtown Richmond and is the county seat of Charles City County. Charles City county is rich in history with settlement in the area beginning as early as 1613, the county is part of the Richmond MSA and is ideally located midway between Richmond and Hampton Roads with convenient access to Interstate 64, US 60, Route 5 and Route 155. The property’s immediate surrounding area is home to County Elementary & High Schools, County Courthouse, County Administrator and School Board offices. The area is strategically located between two of the nation’s most dynamic MSA’s; Richmond-Petersburg and Hampton Roads. Richmond MSA is the nation’s 44th largest metro area with a population over 1.3 million. In February 2017, US News ranked Richmond in the Top 10 “Best Places to Live in the USA”. There are several golf course in the surrounding area including Brookwoods Golf Club, which opened in 1976 and is one of the most enjoyable courses in the greater Richmond area. Viniterra, a gated community with 80 home sites features a championship golf course and working winery. The Royal New Kent Golf Club is a one-of-a-kind Irish Links style course that was named to Golf Digest’s “100 Greatest Courses” list and the Brickshire Golf Club is one the top rated courses in Richmond area, voted 1st Runner up Best Golf Course 2018 by Richmond Times Dispatch. The county offers a beautiful setting for living and working in a congestion free environment. Charles City County has an ideal geographic location with an efficient transportation network that is convenient for warehouse, transportation, industrial, manufacturing and other diverse commercial activity. The County also contains a deep water port, Port tobacco at Weaneck that is approximately 25 miles down-river from the Port of Richmond and is intersected by the CSX line. Biking enthusiasts enjoy the Virginia Capital Trail that runs parallel to Route 4 and stretches 51.7 miles and connects Jamestown and Richmond.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, demographics, traffic count or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Major Richmond Employers

Capital One Financial Finance/Banking 11,262VCU Health System Healthcare 9,313HCA Virginia Health Healthcare 7,628Bon Secours Richmond Healthcare 7,136Walmart Retail/Grocer 5,605Dominion Resources Inc. Energy 5,433Food Lion Grocer 3,963

Charles City, VA

Tenant ProfileDollar General is the largest “small box” discount retailer in the United States. Headquartered in Goodlettsville, TN, the company was established in 1939. As of August 2, 2019, there are more than 15,836 stores with more than 135,000 employees located across 44 states. Dollar General has more retail locations than any retailer in America. The Dollar General store format has typically been in rural and suburban markets. During the 2018 39-week period, the Company opened 750 new stores, remodeled 925 stores and relocated 92 stores.The Dollar General strategy is to deliver a hassle-free experience to consumers, by providing a carefully edited assortment of the most popular brands in both retail and consumer products. In addition to carrying high quality private brands, Dollar General sells products from America’s most-trusted brands such as Clorox, Energizer, Procter & Gamble, Hanes, Cocoa-Cola, Mars, Unilever, Nestle, Kimberly-Clarke, Kellogg’s, General Mills and PepsiCo. The company continues to expect share repurchases of approximately $1.2 billion, Net sales growth in the low 8% range, with Same-Store Sales growth in mid-to high 3% range, compared with previous expectations in low-to-mid 3% range. The Company is also reiterating its plans to execute approximately 2,075 real estate projects in fiscal year 2019, including 975 new store openings, 1,000 mature store remodels, and 100 store relocations. Dollar General is ranked #119 on the Fortune 500, a 4 spot jump from the 2018 ranking.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, demographics, traffic count or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

• In 2019 - Ranked #119 on the Fortune 500

• “Investment Grade” S&P Credit Rating: BBB (Stable)

• Q3 2019 Operating Profit Increased to 11.1% to $491.4 Million

• Q3 2019 Net Sales Increased 8.9% to $7.0 Billion

• Q3 2019 Same-Store Sales Increased 4.6%, FY Same-Store Sales growth in mid-to high 3% range

• Year-to-Date Cash Flows from Operations increased 9.7% to $1.7 Billion

• $482 Million Returned to Shareholders through Share Repurchases and Cash Dividends

• Declared 2019 Fourth Quarter Cash Dividend of $0.32 per share

• Increases Share Repurchase Program Authorization to $1.0 Billion

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, demographics, traffic count or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

LOCATION MAP & DEMOGRAPHICS

Average Daily Traffic (ADT)

Courthouse Road (Route 155) 1,600 ADTTyler Memorial Highway (Route 5) 2,400 ADT

Demographics Snapshot

3 Mile 5 Mile 7 MilePopulation 1,190 2,730 4,866Avg. HH Income $64,215 $66,967 $77,033

Aerial

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, demographics, traffic count or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

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Aerial

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, demographics, traffic count or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

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Aerial

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, demographics, traffic count or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Site Plan

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, demographics, traffic count or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Tim Bulman617.448.5616

tbulman@districtadvisors.com

32 Fairfield Street, Suite #2 | Boston, MA 02116 | T: (857) 284 7971 | info@districtadvisors.com

CONTACT

Listed in conjunction with VA Licensed Broker: Michael Katz (License 0225059347) of REF Advisory Inc. | (239) 339 7096 | mkatz@refadvisory.com