Dg portfolio om rev5 2014 04-10

10 UNIT DOLLAR GENERAL PORTFOLIO
OFFERING MEMORANDUM
CAPITALMARKETS|NetLeaseInvestment
SANDS INVESTMENT GROUP

SANDS-GROUP.COM
SANDS INVESTMENT GROUP | 2701 OCEAN PARK BLVD, SUITE 140 | SANTA MONICA, CA 90405
Table of Contents Exclusively Marketed By
Investment Summary
Tenant Profile
Portfolio Rent Roll
Portfolio Location Map
Property Overviews
Confidentiality Agreement
Sands Investment Group believes the information contained
herein to be reliable. However, we make no guarantees,
representations or warranties of any kind, expressed or implied
regarding this information; including, but not limited to content,
accuracy & reliability. Investors should consult a tax and legal
advisor, as well as verify ALL information prior to the
investment.
ELAN SIEDER
Lic # 01928243
310.774.3753 | DIRECT
elan@sands-group.com
CHRIS SANDS
Lic # 01387583
310.774.3773 | DIRECT
chris@sands-group.com

INVESTMENT SUMMARY
ASSUMABLE LOAN SUMMARY
UNPAID PRINCIPAL BALANCE $10,121,510
ORIGINAL PRINCIPAL BALANCE $10,178,604
DOWN PAYMENT $7,278,490
INTEREST RATE 4.24%
ANNUAL DEBT SERVICE $600,156
AMORTIZATION 30 Years
MATURITY DATE January 1, 2018
OFFERING SUMMARY
PRICE $17,400,000
NOI $1,111,803
CAP RATE 6.39%
NET CASH FLOW $511,647
CASH ON CASH RETURN 7.03%
COST/BUILDING SF $157.65
Sands Investment Group is pleased to exclusively offer for sale a portfolio
of ten fee simple Dollar General locations located in Oklahoma, Illinois
(x2), Indiana (DG Market), South Carolina, Florida (x2), Alabama, and
Mississippi (x2). Each location offers an absolute triple net (NNN) lease
with primary lease term of 15 years. The average remaining primary
lease term of the portfolio is 12.8 years.
All ten locations are new buildings with completion of construction
occurring between August 2011 and December 2012. Eight of the ten
locations offer base rent amount increases in year 11 of the lease. All ten
locations offer 10% increases in the option periods.
Each location is situated in a community that offers population and
household income demographics that are ideal for Dollar General.
The portfolio features existing CMBS debt at a 4.24% interest rate, 30
year amortization, maturing on January 1, 2018. The investor will make a
down payment of $7,278,490. This allows the investor to capitalize on
positive financial leverage that increases the current return to a 7.03%
cash on cash return. Additionally, principal reduction at the end of each
year will cause the investor to realize a 9.39% total return.

TENANT PROFILE
SANDS INVESTMENT GROUP | 310.774.3773 | INFO@SANDS-GROUP.COM
Dollar General Corporation, incorporated in 1955, is a discount retailer in
the United States by number of stores, with over 11,000 stores located in
approximately 39 states as off 2013, primarily in the southern,
southwestern, Midwestern and eastern United States.
The Company offers a selection of merchandise, including consumables, seasonal, home
products and apparel. The Company's merchandise includes national brands from manufacturers,
as well as private brand selections with prices at substantial discounts to national brands. It offers
its merchandise at everyday low prices through its convenient small-box (approximately 7,200
square feet) locations.
During the fiscal year ended February 3, 2012 (fiscal 2011), it opened 625 stores and remodeled
or relocated 575 stores, and closed 60 stores. Its small box stores offer consumable items,
including packaged and refrigerated foods.
The average Dollar General store has approximately 7,200 square feet of selling space. During
fiscal 2011, its total store count included 69 Dollar General Market stores, which, in addition to the
merchandise offering of a traditional Dollar General store, feature an expanded food section,
including fresh meat and produce and more frozen and refrigerated foods. During fiscal 2011, it
opened 12 Dollar General Markets, including seven as part of its initial entrance into Nevada. In
addition to the Market stores, it is also testing a large format traditional store with approximately
10,000 square feet of selling space, including an expanded section of coolers and freezers.
DollarGeneral.com

RENT ROLL
TENANT NAME
CITY, ST
SIZE MONTHLY RENT LEASE TERM
SQUARE
FOOTAGE
% OF
TOTAL
ANNUAL BASE
RENT RENT / SF
% OF
TOTAL
INCREASE
DATES
RENTAL
INCREASE LEASE BEGIN LEASE END OPTIONS
1.
Dollar General
Tulsa, OK
9,026 8.18% $88,524 $9.81 7.96% 11/1/2021 $91,176 11/1/2011 10/31/2026 5 x 5 Yr
2.
Dollar General
Dongola, IL
9,100 8.25% $80,928 $8.89 7.28% 9/5/2022 $83,355 9/5/2012 8/31/2027 4 x 5 Yr
3.
Dollar General
Coulterville, IL
9,100 8.25% $76,717 $8.43 6.90% 10/4/2021 $79,018 10/4/2011 9/30/2026 2 x 5 Yr
4.
Dollar General Market
Bicknell, IN
20,707 18.76% $264,045 $12.75 23.75% 11/30/2022 $271,966 11/30/2012 10/31/2027 4 x 5 Yr
5.
Dollar General
Fair Play, SC
9,026 8.18% $68,910 $7.63 6.20% 12/1/2022 $70,977 12/1/2012 11/30/2027 3 x 5 Yr
6.
Dollar General
Holly Hill, FL
9,002 8.16% $114,903 $12.76 10.33% 10/13/2026 $126,393 10/13/2011 9/30/2026 4 x 5 Yr
7.
Dollar General
Jacksonville, FL
9,002 8.16% $110,844 $12.31 9.97% 11/1/2026 $121,928 11/1/2011 10/31/2026 4 x 5 Yr
8.
Dollar General
Parrish, AL
12,382 11.22% $136,838 $11.05 12.31% 8/1/2021 $140,943 8/1/2011 7/31/2026 5 x 5 Yr
9.
Dollar General
Laurel, MS
12,382 11.22% $89,065 $7.19 8.01% 1/1/2022 $91,737 1/1/2012 12/31/2026 5 x 5 Yr
10.
Dollar General
Monticello, MS
10,640 9.64% $81,026 $7.62 7.29% 10/1/2021 $83,457 10/1/2011 9/30/2026 5 x 5 Yr
OCCUPIED SF 110,367 100% $1,111,800 $10.07 100%
VACANT SF 0 0% $0 $0.00 0%
TOTAL / WTD AVG 110,367 100% $1,111,800 $10.07 100%

LOCATION
MAP
LEGEND
1 Tulsa, OK
2 Dongola, IL
3 Coulterville, IL
4 Bicknell, IN
5 Fair Play, SC
6 Holly Hill, FL
7 Jacksonville, FL
8 Parrish, AL
9 Laurel, MS
10 Monticello, MS

LEASE SUMMARY
LEASE TERM 15 years
TENANT Dollar General Corporation
PREMISES
A building of approximately 9,026 SF in Tulsa,
OK
LEASE COMMENCEMENT November 1, 2011
LEASE EXPIRATION October 31, 2026
RENEWAL OPTIONS 5 x 5 Years
INCREASE DATE
Years 11-15: $91,176
10% Increases in Option periods
LEASE TYPE Triple Net (NNN)
INSURANCE Paid by Tenant
MAINTENANCE & REPAIRS Paid by Tenant
PROPERTY TAXES Paid by Tenant
ROOF & STRUCTURE Paid by Tenant
UTILITIES Paid by Tenant
TULSA, OK
ESTIMATED OPERATING INFORMATION
INCOME
GROSS POTENTIAL RENT $88,524
EXPENSE REIMBURSEMENT NNN
EFFECTIVE GROSS INCOME $88,524
LESS EXPENSES NNN
NET OPERATING INCOME $88,524

TULSA, OK
DEMOGRAPHICS 1 - MILE 3 - MILE 5 - MILE
POPULATION ESTIMATE 8048 52,964 120,639
AVERAGE H.H. INCOME $30,147 $34,928 $47,293
TRAFFIC COUNT Mohawk Blvd. 13th E. Ave.
VEHICLES PER DAY 2,600 12,400
Traffic count recorded by ©2011 MPSI Systems Inc. d.b.a. DataMetrix®
PROPERTY OVERVIEW
•  15 Year Absolute NNN Lease- Zero Landlord Responsibilities
•  Corporate Guarantee- NYSE: DG
•  S & P -“BBB-“ Investment Grade Tenant
•  5 x 5 Year Options- 3 % Increase In Rent Starting Year 11
•  10 % Increase in Rent at Each Option
•  Peoria Ave. Runs Through Gilcrease Hwy
•  Located Just West of Hwy 75
Tulsa is located close to the center of Oklahoma between the Tulsa, Osage,
Wagoner, Rogers and Creek counties. Tulsa has 196.75 square miles of
land area and 4.23 square miles of water area. As of 2010, the total Tulsa
population was 391,906, which has shrunk 0.29% since 2000. Tulsa median
household income was $40,781 in 2008-2012 and has grown by 15.47%
since 2000. The income growth rate is much lower than the state average
rate of 34.40% and is much lower than the national average rate of 26.32%.
Tulsa median house value was $121,700 in 2008-2012 and has grown by
45.57% since 2000. The house value growth rate is lower than the state
average rate of 56.72% and is lower than the national average rate of
51.67%.

LEASE SUMMARY
LEASE TERM 15 years
PREMISES
A building of approximately 9,100 SF in
Dongola, IL
LEASE COMMENCEMENT September 5, 2012
LEASE EXPIRATION August 31, 2027
INCREASE DATE
Years 11-15: $83,355.96
10% increases in Option periods
DONGOLA, IL
INCOME
LESS EXPENSES NNN

DONGOLA, IL
POPULATION ESTIMATE 831 831 2,248
TRAFFIC COUNT Front St. HWY 51
PROPERTY OVERVIEW
•  10 % Increase in Rent at Each Option Period
•  Located Just West of Hwy 57

Dongola is located in south Illinois in between Union, Alexander and Pulaski
counties. Dongola has 1.09 square miles of land area and 0.06 square
miles of water area. As of 2010, the total Dongola population was 726.
Dongola median household income is $40,250 in 2008-2012 and has grown
by 64.02% since 2000. The income growth rate is much higher than the
state average rate of 22.03% and is much higher than the national average
rate of 26.32%. Dongola median house value was $64,400 in 2008-2012
and has grown by 61.40% since 2000. The house value growth rate is
higher than the state average rate of 45.87% and is higher than the national
average rate of 51.67%.

LEASE SUMMARY
LEASE TERM 15 years
PREMISES
Coulterville, IL
LEASE COMMENCEMENT October 4, 2011
LEASE EXPIRATION September 30, 2026
INCREASE DATE
Years 11-15: $79,018
COULTERVILLE, IL
INCOME
LESS EXPENSES NNN

COULTERVILLE, IL
POPULATION ESTIMATE 726 1,552 3,336
TRAFFIC COUNT State Rte 13 State Rte. 153
PROPERTY OVERVIEW
•  10% Increase in Rent at each Option
Coulterville is located in south Illinois in between Randolph, Perry, and
Washington counties. As of 2010, the total Coulterville population was 945.
Coulterville median household income was $33,750 in 2008-2012 and has
grown by 26.05% since 2000. The income growth rate is higher than the
state average rate of 22.03% and is about the same as the national
average rate of 26.32%. Coulterville median house value was $72,600 in
2008-2012 and has grown by 61.33% since 2000. The house value growth
rate is higher than the state average rate of 45.87% and is higher than the
national average rate of 51.67%. As a reference, the national Consumer
Price Index (CPI) inflation rate for the same period is 26.63%. On average,
the public school district that covers Coulterville is close to the state
average in quality.

LEASE SUMMARY
LEASE TERM 15 years
PREMISES
Bicknell, IN
INCREASE DATE
Years 11-15: $271,966
BICKNELL, IN
INCOME
LESS EXPENSES NNN
701 E. 11TH ST

BICKNELL, IN
701 E. 11TH ST
PROPERTY OVERVIEW
•  4 x 5 Year Options- 3 % Increase in Rent Starting Year 11
•  10% Increase In Rent at Each Option
•  Nearby Retailers Include McDonalds and H & R Block
Bicknell is located in southwest Indiana in Knox County. Bicknell has 1.35
square miles of land area and has no water area. As of 2010, the total
Bicknell population was 2,915. Bicknell’s median household income was
$25,469 in 2008-2012 and has grown by 10.51% since 2000. The income
growth rate is much lower than the state average rate of 16.38% and is
much lower than the national average rate of 26.32%. Bicknell median
house value is $55,000 in 2008-2012 and has grown by 30.33% since
2000. The house value growth rate is about the same as the state average
rate of 30.86% and is much lower than the national average rate of 51.67%.
On average, the public school district that covers Bicknell is close to the
state average in quality.
POPULATION ESTIMATE 3,077 4,033 4,605
TRAFFIC COUNT 11th Ave. Miami St.

LEASE SUMMARY
LEASE TERM 15 years
PREMISES
A building of approximately 9,026 SF in Fair
Play, SC
LEASE COMMENCEMENT December 1, 2012
LEASE EXPIRATION November 30, 2027
INCREASE DATE
Years 11-15: $70,977
10% increases in Options periods
FAIR PLAY, SC
INCOME
LESS EXPENSES NNN

FAIR PLAY, SC
POPULATION ESTIMATE n/a 2,565 7,106
AVERAGE H.H. INCOME n/a $64,879 $59,372
TRAFFIC COUNT State Hwy 182 Fairplay Blvd.
PROPERTY OVERVIEW
•  3 x 5 Year Options- 3% Increase in Rent Starting Year 11
•  10 % Increase in Rent at Each Option Period
Fair Play is located in west South Carolina, between Oconee, Anderson
counties. Fair Play has 6.74 square miles of land area and 0.02 square
miles of water area. As of 2010, the total Fair Play population was 687. Fair
Play median household income was $57,986 in 2008-2012. Fair Play
median house value was $102,600 in 2008-2012. On average, the public
school district that covers Fair Play is much better than the state average in
quality. The Fair Play area code is 864.

LEASE SUMMARY
LEASE TERM 15 years
TENANT Dollar General Corporations
PREMISES
A building of approximately 9,002 SF in Hilly
Hill, FL
INCREASE DATE Option #1: $126,393
HOLLY HILL, FL
INCOME
LESS EXPENSES NNN
1800 NORTH NOVA RD

HOLLY HILL, FL
1800 NORTH NOVA RD
TRAFFIC COUNT Nova Rd 15th St.
PROPERTY OVERVIEW
•  4 x 5 Year Options- 10 % Increase in Rent at Each Option Period
•  Strong Traffic Counts- Approximately 30,000 Cars Per Day
•  Alongside Holly Hill Elementary School and Riviera Country Club
Holly Hill is located close to the center of Florida and is part of Volusia
County. Holly Hill has 3.93 square miles of land area and 0.64 square miles
of water area. As of 2010, the total Holly Hill population was 11,659. Holly
Hill median household income was $26,992 in 2008-2012 and has grown by
1.28% since 2000. The income growth rate is much lower than the state
average rate of 21.87% and is much lower than the national average rate of
26.32%. Holly Hill median house value is $95,300 in 2008-2012 and has
grown by 45.94% since 2000. The house value growth rate is lower than
the state average rate of 61.90% and is lower than the national average
rate of 51.67%. On average, the public school district that covers Holly Hill
is close to the state average in quality.

LEASE SUMMARY
LEASE TERM 15 years
PREMISES
Jacksonville, FL
INCREASE DATE Option #1: $121,928
JACKSONVILLE, FL
INCOME
LESS EXPENSES NNN

JACKSONVILLE, FL
TRAFFIC COUNT New Kings Rd. Trout Rd.
PROPERTY OVERVIEW
•  4 x 5 year Options- 10% Increase in Rent at Each Option
•  Located a Few Blocks northeast of W Beltway 295 & Hwy 23
Jacksonville is located in north Florida in between the Duval, Saint Johns,
Baker, Clay and Nassau counties. Jacksonville has 747.00 square miles of
land area and 127.63 square miles of water area. As of 2010, the total
Jacksonville population was 821,784, which has grown 11.71% since 2000.
The population growth rate is higher than the national average rate of
9.71%. Jacksonville median household income was $48,143 in 2008-2012
and has grown by 19.41% since 2000. The income growth rate is lower
than the state average rate of 21.87% and is lower than the national
average rate of 26.32%. Jacksonville median house value is $157,200 in
rate is higher than the state average rate of 61.90% and is much higher
than the national average rate of 51.67%.

LEASE SUMMARY
LEASE TERM 15 years
PREMISES
Parrish, AL
LEASE COMMENCEMENT August 1, 2011
LEASE EXPIRATION July 31, 2026
INCREASE DATE
Years 11-15: $140,943
PARRISH, AL
INCOME
LESS EXPENSES NNN

PARRISH, AL
TRAFFIC COUNT State Rte. 269 Coal Creek Rd.
PROPERTY OVERVIEW
•  Adjacent to Parrish High School
Parrish is located in northern Alabama in Walker County. The total Parrish
population is 982. Parrish median household income was $28,077 in
2008-2012 and has grown by 29.32% since 2000. The income growth rate
is higher than the state average rate of 26.44% and is higher than the
national average rate of 26.32%. Parrish median house value was $51,100
in 2008-2012 and has grown by 21.38% since 2000. The house value
growth rate is much lower than the state average rate of 43.71% and is
much lower than the national average rate of 51.67%. On average, the
public school district that covers Parrish is close to the state average in
quality.

LEASE SUMMARY
LEASE TERM 15 years
PREMISES
A building of approximately12,382 SF in Laurel,
MS
LEASE COMMENCEMENT January 1, 2012
LEASE EXPIRATION December 31, 2026
INCREASE DATE
Years 11-15: $91,737
LAUREL, MS
INCOME
LESS EXPENSES NNN

LAUREL, MS
TRAFFIC COUNT 16th Ave. Woodlawn Dr.
PROPERTY OVERVIEW
•  S & P -“BBB-“ Investment Grade Tenant’
•  Surrounded by Dixie Golf Club & Laurel Country Club
•  Two Freeways Within Close Proximity to the Site
•  Adjacent to Gardiner Shopping Center
Laurel is located in south Mississippi. Laurel is between the Jones, Jasper,
Wayne county. As of 2010, the total Laurel population was 18,540, which
has grown 0.80% since 2000. The population growth rate is lower than the
state average rate of 4.31% and is much lower than the national average
rate of 9.71%. Laurel median household income was $29,152 in 2008-2012
and has grown by 16.66% since 2000. The income growth rate is lower
than the state average rate of 24.10% and is much lower than the national
average rate of 26.32%. Laurel median house value is $78,700 in
rate is higher than the state average rate of 40.34% and is about the same
as the national average rate of 51.67%

LEASE SUMMARY
LEASE TERM 15 years
PREMISES
Monticello,MS
INCREASE DATE
Years 11-15: $83,457
MONTICELLO, MS
INCOME
LESS EXPENSES NNN

MONTICELLO, MS
TRAFFIC COUNT Broad St. State HWY 27
PROPERTY OVERVIEW
•  Located Just South Of Hwy 84
•  Centrally Located Next to US Post Office and Fred’s
•  Rod Paige Middle School and Lawrence County High School Within a
Mile
Monticello is located in south Mississippi, in between Lawrence and Lincoln
counties. As of 2010, the total Monticello population was 1,571. Monticello
median household income was $32,727 in 2008-2012 and has grown by
20.72% since 2000. The income growth rate is lower than the state average
rate of 24.10% and is lower than the national average rate of 26.32%.
Monticello median house value was $81,100 in 2008-2012 and has grown
by 27.52% since 2000. The house value growth rate is lower than the state
average rate of 40.34% and is much lower than the national average rate of
51.67%. On average, the public school district that covers Monticello is
better than the state average in quality.

CONFIDENTIALITY AGREEMENT
310.774.3773 | INFO@SANDS-GROUP.COM | 2701 OCEAN PARK BLVD, SUITE 140 | SANTA MONICA, CA 90405
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be
reviewed only by the party receiving it from Sands Investment Group and should not be made available to any other person or
entity without the written consent of Sands Investment Group.
This Offering Memorandum has been prepared to provide summary, unverified 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, and 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,
PCB’s or asbestos, the compliance with 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, Sands
Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group
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.
SANDS INVESTMENT GROUP
By receipt of this Memorandum, you agree that this Memorandum and its contents are of
confidential nature, that you will hold and treat it in the strictest confidence and that you will not
disclose its contents in any manner detrimental to the interest of the Owner. You also agree that
by accepting this Memorandum you agree to release Sands Investment Group and hold it
harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/
or purchase of this property.

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