17652 PENN VALLEY DR Penn Valley CA 95946

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, investment grade (S&P : BBB), corporate guaranteed, Dollar General investment property located in Penn Valley, California. The tenant, Dollar General Corporation, has more than 14 years remaining in their initial term with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed by Dollar General Corporation, (S& P: BBB), a nationally recognized, and established tenant with over 15,500 locations. The lease is absolute NNN with zero land lord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

Dollar General is strategically located along Penn Valley Drive, the primary retail thoroughfare traveling throughout Penn Valley. The asset benefits from excellent visibility via a large pylon sign and significant street frontage providing ease and convenience for customers. Penn Valley is popular travel destination which provides access to activities such as fishing, hiking, camping, water skiing, and wine tasting, thereby increasing the consumer traffic and draw to the immediate trade area. The asset also benefits from its immediate proximity to Lake Tahoe, the largest alpine lake in North America with 2.7 million people visiting each year. The 5-mile trade area is supported by a population of over 15,000 with an average household income of $99,000.