3810 NC-58, Swansboro, NC 28584

STRONG TENANT

Dollar General Corporation (NYSE: DG, S&P: BBB) is the nation’s largest small-box discount retailer. The Goodlettsville, Tennessee-based chain has 20,500+ stores across 48 states and Mexico and employs over 185,000 people. The tenant under the lease—Dolgencorp, LLC—is a wholly-owned subsidiary of Dollar General Corporation. Dollar General reported TTM net sales of $40.2 billion, TTM net income of $1.34 billion, and total assets of $31.46 billion as of November 1, 2024.

NNN LEASE WITH CORPORATE GUARANTY

Dollar General’s NNN lease features a corporate guaranty from Dollar General Corporation and ±13.3 years of primary term remaining with a 5% rent increase every 5 years throughout the initial term and in each of the five, 5-year renewal options.

EXCELLENT ACCESS & VISIBILITY

Positioned roughly 17 miles east of Jacksonville, NC, Dollar General is well positioned on Highway 58 (4,000 VPD). Property neighbors the coastal Croatan National Forest, 159,000 acres of national forest that sees thousands of visitors annually.

STRATEGIC LOCATION

The site is proximate to Southern Watercraft Repair, Stella Grill & Variety, East Carolina Outdoor Products of Swansboro, and Western Carteret Fire & EMS Station.

JACKSONVILLE, NC MSA

The Jacksonville, NC Metropolitan Statistical Area (Population: 210,815) is centered around the city of Jacksonville, which is the county seat of Onslow County. The MSA is a significant economic hub in eastern North Carolina, driven by the presence of Camp Lejeune, a major United States Marine Corps base, and the nearby New River Air Station. The area’s economy is also supported by healthcare, education, and retail industries, with a growing presence of technology and manufacturing.