Offering MemorandumOffering MemorandumD O L L A R G E N E R A L | 7 . 8 % C A P R A T ED O L L A R G E N E R A L | 7 . 8 % C A P R A T E

H A M I L T O N , G AH A M I L T O N , G A

R E T A I L M A PR E T A I L M A PD O L L A R G E N E R A L | 7 . 8 % C A P R A T ED O L L A R G E N E R A L | 7 . 8 % C A P R A T E

P a g e 2 o f 8Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it

may be estimated, projected, limited in scope and is subject to change or inaccuracies. Pertinent information should beindependently confirmed prior to lease or purchase offer or within an applicable due diligence period.

A R E A M A PA R E A M A PD O L L A R G E N E R A L | 7 . 8 % C A P R A T ED O L L A R G E N E R A L | 7 . 8 % C A P R A T E

P a g e 3 o f 8Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it

may be estimated, projected, limited in scope and is subject to change or inaccuracies. Pertinent information should beindependently confirmed prior to lease or purchase offer or within an applicable due diligence period.

Distance from Subject in miles (+/-):Distance from Subject in miles (+/-):

• 7 miles south of famous Callaway Gardens in Pine Mountain• 8 miles east of interstate I-85• 25 miles north of Columbus, GA• 87 miles south of Atlanta

P a g e 5 o f 9Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it

may be estimated, projected, limited in scope and is subject to change or inaccuracies. Pertinent information should beindependently confirmed prior to lease or purchase offer or within an applicable due diligence period.

P R O P E R T Y & L E A S E I N F O R M A T I O NP R O P E R T Y & L E A S E I N F O R M A T I O N

Property Location:Property Location: 28 Mountain Creek Drive, Hamilton, GA 31811

Price:Price: $490,000.00

Price/SF:Price/SF: $54.36

Rent/SF:Rent/SF: $4.26

Cap Rate:Cap Rate: 7.8%

Rentable SF:Rentable SF: 9,014 SF

Year Built:Year Built: 2004

Site Size:Site Size: 1.05 Acres

Tenant Trade Name:Tenant Trade Name: Dollar General

Tenant:Tenant: Dolgencorp, LLC

L E A S E S U M M A R YL E A S E S U M M A R Y

Lease Type:Lease Type: Double Net Lease

Rent Commencement:Rent Commencement: August 1,2004

Lease Expiration:Lease Expiration: July 31, 2024 (5 year extension included)

Renewal Options:Renewal Options: Three 5-year options

Rent Increases:Rent Increases: 3.1% in Option 1 and 10% in Option 2 & 3

Tenant Responsibilities:Tenant Responsibilities:Utilities, taxes, insurance, repairs under $500, parking lot

maintenance* (see below)

Landlord Responsibilities:Landlord Responsibilities:Roof, structure, major repairs costing $500 or more , parking

lot maintenance

R E N T S C H E D U L ER E N T S C H E D U L E

TermTerm DatesDates NOINOI

Initial TermInitial Term 8/04Ñ7/24 $38,400

Option 1Option 1 8/24Ñ7/29 $39,600

Option 2Option 2 8/29Ñ7/34 $43,560

Option 3Option 3 8/34Ñ7/39 $47,916

R E P R E S E N T A T I V E P H O T OR E P R E S E N T A T I V E P H O T O

F I N A N C I A L O V E R V I E WF I N A N C I A L O V E R V I E WD O L L A R G E N E R A L | 8 . 4 % C A P R A T ED O L L A R G E N E R A L | 8 . 4 % C A P R A T E

Notes: This location is under Dollar General’s NP (National Insurance Program) with insurance paid directly by Dollar General and the landlord named as an additional insured.

Parking Lot Maintenance: Dollar General pays landlord $100 monthly for parking lot maintenance through the extended term. It escalates to $125 in Option 1, $150 in Option 2, and $175 in Option 3.

P a g e 4 o f 8Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it

may be estimated, projected, limited in scope and is subject to change or inaccuracies. Pertinent information should beindependently confirmed prior to lease or purchase offer or within an applicable due diligence period.

F I N A N C I A L O V E R V I E WF I N A N C I A L O V E R V I E WD O L L A R G E N E R A L | 7 . 8 % C A P R A T ED O L L A R G E N E R A L | 7 . 8 % C A P R A T E

P a g e 5 o f 8Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it

may be estimated, projected, limited in scope and is subject to change or inaccuracies. Pertinent information should beindependently confirmed prior to lease or purchase offer or within an applicable due diligence period.

A R E A O V E R V I E W - A C T U A L L O C A T I O NA R E A O V E R V I E W - A C T U A L L O C A T I O N

The subject property is located in Hamilton, the county seat of Harris

County, approximately 25 miles north of Columbus, GA and 87 miles

south of Atlanta. Within a 10-mile radius, the population is 20,773 and

has an average household income of $84,293.

O F F E R H I G H L I G H T SO F F E R H I G H L I G H T S

This 9,014 SF Dollar General, built in 2004, is a proven and value priced

opportunity. The lease was recently extended to 2024. It is well located just 8

miles east of Interstate 185 and 7 miles south of famous Callaway Gardens in

Pine Mountain. The subject sits on a +/- 1.05 acre corner site next to the

Harris County High School.

This initial term of this NN lease was just extended through July 2024,

demonstrating the Tenant’s satisfaction with the location. There are three

5-year option periods, each featuring a rent increase. The rent/square foot is

only $4.26. This is an ideal investment for an investor looking for minimal

landlord responsibilities, good real estate and a successful, corporate

guaranteed national credit tenant.

Offered price: $490,000

Cap Rate: 7.8%

D E M O G R A P H I C SD E M O G R A P H I C S 5 Miles5 Miles 7 Miles7 Miles 10 Miles10 Miles

Total Households: 1,320 2,639 7,597

Total Population: 3,819 7,289 20,773

Average HH Income: $63,906 $78,083 $84,293

• Lease recently extended to 2024

• High 7.8% cap rate and low rent per square foot of $4.26

• NO dollar store competition within a 6 mile+ radius

• Low price of entry for national credit tenant

• Proven location near Callaway Gardens

• HVAC units replaced by tenant in 2015

E X E C U T I V E S U M M A R YE X E C U T I V E S U M M A R YD O L L A R G E N E R A L | 7 . 8 % C A P R A T ED O L L A R G E N E R A L | 7 . 8 % C A P R A T E

P a g e 6 o f 8Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it

may be estimated, projected, limited in scope and is subject to change or inaccuracies. Pertinent information should beindependently confirmed prior to lease or purchase offer or within an applicable due diligence period.

T E N A N T O V E R V I E WT E N A N T O V E R V I E WD O L L A R G E N E R A L | 7 . 8 % C A P R A T ED O L L A R G E N E R A L | 7 . 8 % C A P R A T E

D O L L A R G E N E R A LD O L L A R G E N E R A L

Dollar General Corporation is the largest “small box” discount retailer in the U.S. by sales and numberof locations. The Goodlettsville (Nashville), TN based chain operates 13,205 stores in 43 U.S. states. Forfiscal 2017, Dollar General plans to open approximately 1,000 new stores.

Dollar General offers over 10,000 items of name brand and generic merchandise. Their goal is toprovide quality brands at low prices. The majority of products are below $10 with approximately 25%of them below $1. They offer a range of everyday convenience, food, gift, household, clothing andother items that offer consumers an easier and more accessible shopping solution in towns, large andsmall with the average customer in-store trip of less than 10 minutes!

Dollar General often serves communities that are too small for larger discount retailers. Approximately70% of their stores serve communities of 20,000 or less population. They compete in the discount dollarstore arena with national chains such as Family Dollar, Dollar Tree, regional chains such as Fred’s inthe southeast and numerous independent owned stores. They are generally part of the retail fabric ofthe communities they are in.

The company, founded in 1939, celebrated its 75th anniversary in 2014. In 1955, the first brandedDollar General opened in Springfield, KY. In 1968, Dollar General first went public. At the time, if aninvestor purchased 100 shares of Dollar General stock, it would be worth $655,534 when the companywent private in 2007! Through the next several years, Dollar General continued growth of more standalone locations. In 2009, the company, again went public and is traded on the NYSE under the symbolDG. The company is proud of its BBB– Standard & Poors rating. In 2014, Dollar General attempted anunsuccessful takeover of sector rival, Family Dollar. As a result, they have redirected efforts to continuetheir growth into new retail trade areas that meet their targeted profile demographics.

As of Jan 14, 2017, the consensus forecast amongst 31 polled investment analysts covering DollarGeneral Corp. advises that the company will outperform the market. Year on year Dollar General Corpgrew revenues 7.72% from $18.91bn to $20.37bn while net income improved 9.36% from 1.07bn to1.17bn. Over the last three months and the previous one year, Dollar General’s shares have advanced7.29% and 4.11%, respectively. On December 7th, 2016, research firm Loop Capital initiated a ‘Hold’rating on the Company’s stock.

http://www.dollargeneral.com/

B R O K E R P R O F I L EB R O K E R P R O F I L ED O L L A R G E N E R A L | 7 . 8 % C A P R A T ED O L L A R G E N E R A L | 7 . 8 % C A P R A T E

Bull Realty is a commercial real estate sales, leasing and advisory firm headquartered in Atlanta and licensed innine Southeast states. The firm was founded in 1998 with two primary missions: to provide a company ofadvisors known for their integrity and to provide the best disposition marketing in the nation. Client servicesinclude disposition, acquisition, project leasing, tenant representation, asset management and consultingservices. Advisors focus on specific property types including office, retail, industrial, multifamily, land, healthcare,senior housing, self-storage, automotive, hospitality and single tenant net lease properties.

The firm produces America's Commercial Real Estate Show, a national video and talk radio show enjoyed bymillions of people around the country. Industry analysts, leading market participants and the firm's founderMichael Bull share market intelligence, forecasts and success strategies. The show has aired every week since2010 on radio stations, iTunes, YouTube and www.CREshow.com. The firm also produces Atlanta's CommercialReal Estate Show available on Sunday afternoons on AM920 WGKA and www.AtlCREshow.com.

404-876-1640 x118

P a g e 7 o f 8Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it

may be estimated, projected, limited in scope and is subject to change or inaccuracies. Pertinent information should beindependently confirmed prior to lease or purchase offer or within an applicable due diligence period.

50 Glenlake Parkway, Suite 600Atlanta, GA 30328

NMiller@BullRealty.com

President, Net Lease Investment GroupPresident, Net Lease Investment Group

NANCY MILLER, CCIM, MBANANCY MILLER, CCIM, MBA Professional BackgroundProfessional Background

Nancy Miller joined Bull Realty in 2001 after being a client of the firm. Her brokerage practice focuses on incomeproducing single tenant net lease properties. Nancy leads Bull Realty’s National Net Lease Investment Groupand works with investors, developers and sellers throughout the US. She is recognized as a savvy andknowledgeable retail net lease expert. In the last 3 years, she has brokered over $109M in single tenant net leasetransactions. Nancy publishes a quarterly investor newsletter, a monthly electronic newsletter, participates inquarterly national retail industry surveys done by Morgan Stanley, and contributes to Bull Realty’s retail blogs. Inaddition, Nancy appears periodically on the Commercial Real Estate Show, a national weekly commercial realestate radio show hosted and produced in Atlanta by broker, Michael Bull.

Nancy has held a real estate license for over 25 years and is licensed in several states. She is a Life Member ofthe Atlanta Commercial Board of Realtors and a member of the International Council of Shopping Centers(ICSC). She also holds the prestigious CCIM designation. She also holds a Bachelor of Arts degree from TulaneUniversity and an MBA from Emory University’s Goizueta Business School, where she is a guest lecturer.

Bull Realty Inc.Bull Realty Inc.

This Confidentiality Agreement (“Agreement”) is made and agreed to for the benefit of the

undersigned party (“Receiving Party”), the owner of the subject property (the “Seller”) and

undersigned broker Bull Realty Incorporated (“Broker”). Now therefore in consideration of the

privileges granted to Receiving Party with respect to receiving certain confidential information, and

other good and valuable consideration, the Receiving Party hereby agrees to the following:

I. Confidential Information:

Receiving Party will receive confidential information regarding property referred to as Dollar

General, 28 Mountain Creek Dr., Hamilton, GA 31811. Prospect agrees to not disclose to any person

that the property may be available for sale or lease, or that discussions or negotiations are taking

place concerning the property, nor any terms, conditions, or other facts with respect to the

property, including but not limited to tenant information, lease rates, lease expirations, income and

expenses, and any such possible purchase, including the status thereof. The term “person” used in

this agreement shall be interpreted broadly and shall include, without limitation, any corporation,

company, partnership or individual other than parties to which Broker approves in writing.

Receiving Party may share information with directors, officers, employees, agents, affiliates,

counsel, lending sources, accountants or representatives of Receiving Party that Receiving Party

notifies of the requirements of this Agreement. Receiving Party agrees to not contact the property

owner, the management, the tenants, the lender, the vendors, the insurers, the employees or the

customers of any business at the site.

II. Acting as a Principal:

Receiving Party hereby warrants that it is acting as a principal only, and not as a broker, regarding

this contemplated transaction. Receiving Party acknowledges that Broker is working an agency

capacity as representing the Seller only in this transaction and is the only Broker involved in this

potential transaction. Receiving Party agrees to not be involved in any arrangement to lease or

purchase the property, in whole or in part, as a lender, partner, buyer of the note, buy in foreclosure,

buy from bankruptcy court, or in any other manner acquire an investment in, joint venture or

control of the property, unless Bull Realty, Incorporated is paid a commission at closing as per

separate agreement with Seller.

This agreement will expire two years from the date hereof.

III. Governing Law

This Agreement shall be governed and construed in accordance with the laws of the State of

Georgia.

Accepted and agreed to __ / __ / __

Receiving Party

Signature

Printed Name

Title

Company Name

Address

Email

Phone

Fax

N a n c y M i l l e r , C C I M , M B A4 0 4 - 8 7 6 - 1 6 4 0 x 1 1 8N M i l l e r @ B u l l R e a l t y . c o m

5 0 G l e n l a k e P a r k w a y ,S u i t e 6 0 0A t l a n t a , G A 3 0 3 2 8

P a g e 8 o f 8Information contained herein may have been provided by the seller, landlord or other outside sources. While deemed reliable, it

may be estimated, projected, limited in scope and is subject to change or inaccuracies. Pertinent information should beindependently confirmed prior to lease or purchase offer or within an applicable due diligence period.

C O N F I D E N T I A L I T Y A G R E E M E N TC O N F I D E N T I A L I T Y A G R E E M E N TD O L L A R G E N E R A L | 7 . 8 % C A P R A T ED O L L A R G E N E R A L | 7 . 8 % C A P R A T E